Large number of traders in India source goods from China and do whole-selling and online selling in India. These traders have setup small base and link in China. Entering in this business requires beating these traders. Here are some tips which can work for you to beat these traders.
- Register your business; it can be proprietorship, LLP, partnership, Pvt. LTD or even public LTD. You also need IEC Code.
- You should research on product which you want to sell in India. You can shortlist few products initially.
- Register on www.alibaba.com and www.made-in-china.com. You should search products on these sites. Shortlist few suppliers with good rates. Initially target gold suppliers on alibaba. You should have a chat with the supplier (on alibaba itself) and tell your requirements. You can get good rates on good quantity. So never forget to tell your quantity.
- You can get Rate of duty and import cost for shipping from us. Call 9289700700 or fill contact us form. We will provide you with unbeatable rates for both air and sea.
- You should get suppliers of same goods in India. You can find suppliers online on IndiaMart or your local wholesale market like Chandni Chowk in Delhi, Bara Bazaar in Kolkata. You should compare rates of these suppliers and your import cost for the product to have an idea of your Margins.
- If you are not able to get good rates, you can contact us. We will help you in sourcing and negotiating good rates and some ways to save on your import cost.
- It is also advisable to visit China and verify the product and the supplier. You can take services of HindChina. HindChina can verify the supplier on your behalf and can also help you verify your cargo before packing in China.
- It is also advisable to have a logo on your product and ask supplier for guarantee of the product. Chinese supplier are more than happy to add your logo to products. This is an important step; by doing this you can build your brand and add value to your product and get good rates in Indian Market.
- You should also register on IndiaMart as a trader. You can also register as a manufacturer if you have your own logo on the product.
By following these tips, you can enter the already competent market and earn some good profit alongside building your business.