Rising above the dilemmas of importing from China

Importing from China is a lucrative import business currently giving excitement and fear to prospective buyers. The huge profit to be gained from trading cheap China made goods is exhilarating enough to override the apprehension in dealing with the dilemmas of limited payment options, fear of being swindled, hindrance of communication and constancy of product quality and safety of China made products.

Limited Payment Options

The limited payment options of using Western union, wire transfers and bank transfers  for most Chinese suppliers before have now been addressed with China’s increasing international trade relations with other countries.

Internationally approved payment options like the use of credit cards are now accepted and it is considered a good idea to use a third party entity like PayPal if credit card payments are requested by the supplier. Third party entities treat credit information with confidentiality and do not disclose information to either seller or buyer if ever order payments are withheld when delivery or transaction problems arise.  [...]

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This was taken at a recent China Import Formula event in Sydney. We had a great turn out and enjoyed putting the event on. If you would like to join our next seminar check out the www.ChinaImportFormula.com.au/seminar for the dates and locations.

See you there,
Brendan & Alex

As a buyer, going to trade fairs can be an important step to increasing your business. Fairs vary in size, but the world’s largest trade fair is the Canton Fair. If you’ve ever been to the Canton Fair, you were quite possibly overwhelmed by its complexity. It does, however, have a very wide range of choice.

At the fair, you’ll find 1.2 million square meters of space hosts and over 20,000 exhibitors. The problem is you’re competing with over 200,000 buyers. In a fair this size, many challenges arise. Even keeping notes of products that interest you is difficult. The fair has a huge scale. Coming up with a walking plan that is efficient is extremely hard to do.  [...]

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