Various people have great success with some products imported from China. You will need a market to sell your goods, when they will arrive from China, so always start by studying the current market conditions. Ask potentials customers what exactly they would like to buy and what price they would be willing to pay? China is considered to be the “world’s factory”, and that’s because there is such a wide offer of various products from where you can choose whatever you like. You could consider anything, from steel products to home appliances, from furniture to textiles, from plastic materials to chemicals or any other niche products.
II. Which would be the right quantity of products to order from China?
Many companies, after deciding on the goods they want, realize the fact that they don’t know the right quantity they should order, simply because it is difficult to estimate how many items they could sell. Sometimes, they decide they would prefer to have just a few samples, to test the market first, before placing a big order.
Knowing the accurate quantity of your order is really important, as you will need to let your Chinese supplier know what exactly you want and in which quantity, in order for him to be able to make you an offer. And the order quantity will determine how many Chinese factories will be willing to make business with you:
- Ask for too many units and some manufacturers will not send you an offer, as it will be beyond their production capacity
- Ask for too few units and some manufacturers will not send you an offer either, because it is not possible or profitable for them to produce the product you want.
You should aim at getting at least six offers for the product you are looking after, in order for you to figure out its correct market price, as the prices vary a lot on the Chinese market.
To get the best possible deal, you will have to provide the supplier with:
1. The quantity of your 1st order
2. You monthly, quarterly and yearly order volumes