What to make of Chinese items import fee? How much does it cost you to import items from China? When do you need to make payment? Why do you have to pay for fees at all? And is there any limit at all for payment made for certain quantity of purchase? Lots and lots of questions arise from the matter of doing business with products imported from the bamboo curtain land.
But one sure thing can be concluded from all those questions: they all are revolving around the matter of payment and fee. Indeed, of all the things relating to Chinese imported goods, fee is perhaps the most confusing, second only to the matter of permits and taxes. But questions must be observed, broken down, and analyzed to find the answers.
Without clear solutions to the apparent questions regarding Chinese items import fee, there is no way you could conduct your distribution business smoothly. In fact, before having your fee-related questions answered, there will be no business to conduct at all as you would not be able to build one to begin with.
So, exactly why does fee play a very big and important role in your plan of building a business based on products imported from China? Why are willpower, endurance, commitment, and dedication not enough to run a business as simple as distributing goods to the masses? Why do you have to be bothered at all with things related to money if a good business is one that is run using sheer immense of marketing and managerial skills?
Well, you may believe it or not but Chinese items import fee is the one aspect you need to fully master and the sole key component to cracking the puzzle of how to create a working distribution business. It all begins with financial capital. Is it not all about financial capital when it comes to business?
One needs a supportive capital to even begin a home-based business, let alone one that demands international relation to happen. If you argue that many distributors seem to have no problems whatsoever bringing in products from China, well, here is the thing: either they are the old dogs, ones that have been in the scene for ages, or they are backed with megatons of cash.
You, on the other hands, are a green newbie with little to no, may or may not exist knowledge of how international trade takes place. You may not even have any cash at all in your account to buy decent meals much less start a business. Chinese items import fee plays into how big of profits you will earn by the end of the day. How, you may ask. The bigger the fee, the lesser the profit; you cut your profits after discounting all other expenses spent in your efforts to put out the products.
Common Questions About Chinese Items Import Fee
So, learning about the littlest bit of info regarding Chinese items import fee could improve your chance in making it big in this industry. Let’s talk about it now.
- If a customer picks the products up him/herself at the port, then who will be held responsible for the freight charges to port?
Terms of sale define it all, known to those familiar with the system as “incoterms”. If a manufacturer is bound by a contract with a carrier, then the customer/importer should pay for the ocean service charges.
- If my order amounts to $500, will you need a broker?
If the products you purchase are shipped by sea, you will most certainly. If you contact the manufacturers straight to send the products by air, you won’t.
- Regarding rejected items, will you be issued credits or replacement-only?
This is dependent on which option is cheaper. However, it is all based on what the two parties agree upon.
- When do you make payment?
Pre-shipping, just after final inspection is done.
- Do you need to own a corporation to import stuff from China
If the products you buy are of small quantity, no, you do not. Otherwise, you will ask for a help from an agent—which means more fees.
While we’re at it, it is highly suggested that you conduct proper research on the net regarding a manufacturer. Scams and frauds are abundant out there so please do yourself a favor by filtering bad companies. Listen to and read about what others have to say about a company’s credibility. Leave one immediately once you see bad things are coming from reviewers about how a company treats its clients.