Top rated wholesale exporter methods with Tchedly Desire Evanston, Illinois: An advertised item may have a wholesale price tag of $1 in China, but if freight costs $10 for each item because of its size and weight, then the actual cost per item is $11. Paying more for freight than the actual item may be impractical and you’ll have to start from scratch to recover. Second, and we cannot stress this enough, is to avoid designer goods. Years of industry experience have taught us that almost without exception, all products advertised as “designer” that are made in China are counterfeits. Designers, on the whole, have their creations made exclusively in France or Italy to ensure exceptional quality. Any leftover products are often destroyed rather than sold wholesale. Additionally, if you get caught selling fake designer goods, you can face heavy penalties, not to mention jail sentences. So, we strongly advise against importing designer goods, unless you happen to have contacts in the industry. See even more details at https://soundcloud.com/tchedly-desire-179051752.
Generally, you can find suppliers through companies like Alibaba, Global Sources, and Thomas Register. You will need to convince the supplier of the benefits of entering the U.S. market (or another market you wish to sell to), and figure out the logistics of taking their product from their local warehouse or production facility to another one, potentially on the other side of the globe. You might also be your own supplier — in some cases, as Tchedly Desire occasionally is for herself. “We own an interest in a vineyard in South Africa called Silkbush,” she says. “My orientation when I do business to them is, 80% of the grapes that we pick we send off to domestic wineries who use our grapes to produce their own proprietary high-end wine. The remaining 20% is used to create our proprietary label Silkbush, which we export to foreign markets.”
High quality wholesale exporter solutions from Tchedly Desire: Starting an import/export business – If you’re interested in starting an import/export business, there are a ton of considerations you need to make — just as you would for any business. For an import/export business, specifically, it’s helpful to have a background in business, international relations, or global finance. This should give you an understanding of the myriad hoops one must jump through to sell or buy a product from an overseas supplier.
Pay for your international goods at the mid-market rate with a Wise Business account. Save money and maintain a good supplier relationship by paying on time and in the local currency. Receive your wholesale import goods – Now all that’s left to do is wait for your goods. The time it takes to receive them will depend on the delivery method you chose, and where they’re coming from. Then, you can sell the imported wholesale products at your chosen price point. If your importer is in China, they might request payment in CNY. This can be expensive with a traditional bank account. You can use Wise Business to pay at the real mid-market rate.
Excellent wholesale importer methods with Tchedly Desire: Importing wholesale goods, and reselling them, can be a profitable business venture. The idea is to buy cheap and then sell the products at a higher price to maximize profit margins. When you import, you can tap into a pool of products that may be unavailable in your country. That way, you can offer your customers a unique product, or a low price point. How to prepare before finding wholesale importers: Before you get a wholesale importer involved, there are several factors to consider. Here’s a series of steps you can take to make the right decision: Find the product you want to sell First up on your priority list should be finding the type of product you’re looking for. Research which products are in high demand, or what your customers are looking for.
Alibaba is the world’s largest marketplace for importers looking to purchase goods from suppliers overseas. Here’s how to buy wholesale from Alibaba. You can search for items using the product categories or simply type in the particular product you want. From the search bar dropdown menu, you can also choose to select “Suppliers” rather than “Products” to see a list of suppliers specializing in that product. Remember to verify suppliers to protect yourself from scams. Check the unit price and minimum order quantity (MOQ). The MOQ is often negotiable, so if you need a small sample order, let the supplier know. Some of the most common payment options are bank transfer, letter of credit, PayPal, escrow, and wire transfer via Western Union. (Tip: The safest options are escrow and PayPal.)