China is a very large country, nowadays they are producing thousands of products for different markets and industries. Every startup and established business need to have some connection with Chinese suppliers in one way or another. If you are thinking to start your own business with China, then you are in the right place!
In this post, we will detailed the steps to begin your own brand which will help you to find the right Chinese supplier for your business!
1. Identify your industry
First, we recommend to identify the industry you would like to start your business. It is important to have this very clear right from the beginning. By doing this, you will be able to find the right partners for your business and be able to offer exclusive and amazing products. Also, checking your possible competition is important, you may find key information on their offers that will help you to find and fill a void in the consumer needs.
2. Initial Communications and quantities to start working with
The best way to find the suitable Chinese supplier for you, is to organize a local visit to different factories, the initial search can be done through specialized website like Alibaba, some Chinese suppliers are always eager to meet foreign customers. But, be advised that some might not tell the truth, for example, they do not have a factory or inflate the prices. This is why we recommend, at the beginning, to work with 3rd party companies that will help you to choose the correct partner that will suit your needs. Here, at MK Consulting, we have a large selection of suppliers to fit your needs, just let us know and we will do the rest.
When starting your communications with Chinese suppliers, the first question they will ask you, is how many units you need. Depending on this number, it is better to work directly with a trading company at wholesale, (trading companies usually have the products in stock but at higher price, no customization available) or if the number is large, definitely the best option is to work directly with the factory. The benefits of working directly with the factory, is the endless customization of the product, and lower prices per unit. Although the initial investment will be definitely higher, but way more worth it.
3. Logistics from China
This is one of the most critical steps. Not choosing the correct shipping partner can leave you with a lost package, high customs fees, or long delays. Believe us, we have seen everything.
Usually, suppliers already have their own company of choice (DHL, UPS, FEDEX), but prices can be a little bit high. Contacting a local shipping service firm is the right step to do at first, as you will get to know the pricing and work your way from there. But, you will need to make sure, that these firms or suppliers know how to deal with customs clearance in China and in your country.
At MK, we have partnered with different carriers, from big and small, that cover almost all countries. If you are looking to get your goods from China to your home country safe, just contact us now and we will send you a quote!
Hope you found this blog post useful, for any other inquiry, just contact us now.