When you consider importing goods from China to Europe Union, getting started is the most complicated part of the process. It is crucial that you follow all customs requirements and do not make any assumptions when it comes to importing goods. A small mistake can be a costly one when it comes to importing goods from anywhere in the world. When you are first starting out, make sure you know the rules and regulations inside and out.
While just about anyone can develop a business plan and start importing goods from China, it is still hard to get started if you don’t know what to do first. Here are 10 things you need to consider to help you get started and move ahead with your business plan as you import goods from China.
1. Know your product
When you make the decision to start importing goods from China, you need to know your product inside and out. Once you decide to import a product, it will be difficult to go back and change your mind. Get it right the first time by choosing carefully and only purchasing items in an industry you are familiar with.
2. Research Distributors
Exporting goods is a big industry in China, and just like here in EU there are companies that are good to do business with as well as less favorable businesses. For the best experience, find a reputable dealer that you can trust. A good distributor will also make the entire importing process easier.
3. Make the Right Connections
In order to ship goods out of China you are going to need a shipping agent that is skilled and familiar with the shipping process.
4. Attain the Correct Documentation
This is a big part of the customs process when shipping goods from one nation to another, and China to EU is no exception. By attaining the help of a skilled shipping agent, you can ensure all documentation is completed correctly.
5. Know the Rules and Regulations
China is not the only country with shipping regulations. EU has its own laws when it comes to customs and importing goods. Make sure that you are following all protocols for both nations; otherwise your goods will not be delivered as planned.
6. Learn the Costs
You are going to pay customs duty, shipping costs and fees to those helping with the importation process. If you are caught off guard and are unable to pay a fee the importation process will come to a halt.
7. Start Small
Importing goods is expensive, and you are going to have to pay fees on top of the purchasing and shipping costs. While you might think that you will be able to sell a large quantity of product, it is better to start with a small order and test the water before jumping in.
8. Find a Reseller
Have your business plan in set before the product arrives in EU. If you plan on using a reseller, sign a contract with that seller beforehand. If you are going to sell the product yourself, attain all proper tax documentation for your business endeavor.
9. Contact the Service Port of Entry
Find out any additional regulations that pertain to your specific location. Know who your local contact will be, and if the service port has any stipulations regarding pick up and transportation.
10. Arrange Transportation
If your product is especially large, then you are going to need transportation to move it from point A to point B. Know where you are going to bring your product, when you will be delivering it and how it will be getting there.
Once you have all of these steps in order you are ready to make your order and get going with your business endeavor. Remember that organization is key. The more prepared you are before the process starts, the more likely your experience importing goods from China will be successful.
