Many people and enterprises are looking forward to importing business. This is undoubtedly a better idea. However, importing products and selling them in your own country is not so easy. Before you start importing, you need to do the proper homework. Otherwise, you could end up wasting your money.
China is one of the best countries to start wholesale yoga product imports. But there are some key points you should know before importing from China. Let’s start with them.
Why You Should You be Importing Wholesale Yoga Products From China
You are reading this article which means you are a first-time importer and you are looking for some yoga products to import and some countries to import. Maybe you’re the one who wants to expand.
In both cases, China is one of the best options. But why China?
Since 2009, China has become the world’s largest exporter of products. Refer to the statistics from Statista below to get an idea of what it’s all about.
China exports more than $2 trillion in goods every year. There must be a reason behind it. The Chinese government supports exporters and manufacturing and production costs in China are significantly lower compared to the rest of the world.
China makes full use of human resources to produce almost all types of products at very low costs. So if you import from China, you can get relatively good prices and lower import tariffs.
Deciding Upon Yoga Products
Now, you should look for yoga products suitable for you to import from China based on the needs of your region or country. Okay, maybe you already have an idea for a product, but if not, don’t worry. All you need to do is pay more attention to this part of the passage.
I would rather look for yoga products that are in your niche. Find a product that you use all the time, or that you enjoy using.
This will get you more interested in the business than owning any other product. This will also ensure that you stay in the industry longer.
Having a yoga product like this can always inspire you because you love business and it doesn’t just work for you. It will become your passion and you will have a greater chance of success.
Keeping in mind the important perspective, look for yoga products with the following characteristics.
Preferably a small size. Portable yoga products will reduce your shipping costs.
Find a unique yoga product that has different characteristics. You can also look for better updates to previously available products in your area.
Make sure the price is not too high. Yoga products that cost between $10 and $200 are good.
Make sure the products you import are allowed in your country so you won’t find any difficulty selling them.
These features will save you money and give you access to a relatively larger market than other products.
How Can You Find The Best Local Supplier
There is no need to be confused about finding a good supplier in China. With the four methods described below, you can easily find different vendors.
There are many trade shows in China every year, and attending these shows is the best way to find suitable Chinese suppliers. Here, you can not only contact suppliers but also check your products in person. This will save you a lot of time.
The Canton Fair is one of the largest trade fairs in Guangzhou. It is usually held twice a year in April and October. Each exhibition has three stages and in this exhibition, you can see some products.
Social media is a very broad platform. Various social media applications are of great value when it comes to finding the right provider. While it’s time-consuming, you can reach customers directly through advertising and community groups.
But keep in mind that what social media reflects is not always true, for example, while a picture or a product may look great, real-life products may be different, or of lower quality.
Other online platforms
The most important of all channels is Alibaba, China’s largest online platform. Here you can find thousands of vendors offering a wide variety of products. Besides, there are more B2C and B2B marketplaces in China, such as AliExpress, which can be accessed online.
Now, these platforms are theoretically easy to use, but you may run into problems, for example, with low-quality products, or B2C distributors (AliExpress) where you still have to pay the same price no matter how many items you buy. This makes it difficult to make significant profits.
Personally visit the market
You can visit various wholesale markets in China. Yiwu International Trade City is China’s largest export commodity wholesale market. Covering an area of about 4 million square meters, the exhibition features more than 70,000 booths and five exhibition areas displaying various products.
All kinds of food handicrafts from China, everything can be bought there. But keep in mind that going to China is not cheap, in order to participate in these markets, you need to be there in person, which means you should pay for hotels, transportation, food, and all other expenses while you live in China.
Procurement and execution platform
The easiest way to import products from China is probably to use online platforms that can help you from procurement to fulfillment.
Be Aware Of The Documentation Required
It is important to know what permits, permits or documents are required to import products from China. The basic documents required include:
Bill of Lading/air waybill.
Certificate of origin.
Certificate of insurance.
Commercial invoice and packing list.
Letter of credit.
Health Certificate (for food)
Most researchers with paper assistance in the UK mention that you will need to go through various US government departments in order to gain knowledge about these documents.
Start your tour with a visit to the Commerce Department. You can easily find information about the required permits and documents through the U.S. Customs and Border Patrol (CBP) website.
It is recommended to wait for application approval before placing an import order.
Now that you know the DOS and don ‘ts of importing yoga products from China, we have good news for you!
If you choose Morgana, you will not need to worry about any of the above issues
We will provide you with a one-stop service, we are the best supplier of yoga, for your products to the final destination country.
Best of all? All of this can be arranged easily and comfortably from your home, from anywhere in the world.