The China wholesale market provides an excellent way for small business owners and entrepreneurs to start a business and grow it. China suppliers and manufacturers’ low wholesale prices, amongst other factors, are a driving force for this lucrative wholesale market.
So whether you’re a retail store owner looking to buy from China direct or you’re looking to import products to sell to retailers or manufacturers in the U.S. or elsewhere, there is money to be made in the wholesale market in China.
To get started in the China wholesale market, you’ll need to do some research on the items you want to import. You’ll notice that some goods are just less expensive when you buy them from China.
Wholesale electronics is one category where buying from China often makes good business sense, especially if you’re looking for certain items.
Other wholesale products you might want to consider are wholesale sports goods and wholesale apparel and jewelry. Clothing is one of the most popular categories of China imports the U.S. buys.
After you select the products you want to buy, it’s time to reach out to some suppliers. There are numerous businesses to turn to, so you should start with recognizable and reputable sites.
As far as the best China wholesale companies, the Chinese Ministry of Commerce recommends four sites with good reputations within the wholesale industry in China:
If you want to investigate wholesale companies that are specifically located in Hong Kong, check out the Hong Kong Trade Development Council.
Keep in mind that you may want to have an interpreter to consult in your business dealings while working with wholesales from China. This will help you better understand the terms of doing business with such wholesalers.
The companies listed above do a lot of business with U.S. retailers, so you have a better chance of finding someone working for them who speaks English fluently.
So how does the wholesale process work? In order to get wholesale prices, you will need to buy in bulk.
Looking at a simplified example, let’s say you decide that you want to sell women’s apparel. You go to a Chinese wholesaler and pick out some items. You can pay as little as $10 or $12 for a stylish women’s dress that you might be able to sell for $100 or more in the U.S.
Before you place an order, calculate your costs carefully, including shipping, taxes, and everything else you will have to pay in order to get the item to you. When you have a list of all the costs associated with bringing the item to your store, you can then calculate how much you would have to charge for that item in order to make a profit. You should know from your business’ history (or market research) whether your average consumer will pay that price. Of course you must study your niche market and competition very well before you begin any such business transactions.
The Small Business Administration has a complete checklist for business owners who are interested in selling wholesale goods at their online or offline business.