Predictions for Promotional Product Importers
14 years ago a Jack Ma, a Chinese entrepreneur, developed a platform for Chinese exporters to meet buyers online. By 2002, he made $1 in profits. By 2016, he was generating cash flows of $2.65 billion per quarter.& Alibaba has proven that direct sellers are a go-to resource. Alibaba changed the market dynamic in profound ways. […]
Importing Promotional Products from China (Step 2)
A Step-by-Step Guide to Importing Part 2 In case you missed it, part 1 is here To grow market share and remain competitive, importing from China is a must.The challenge is staying ahead of a massive China curve! Direct sellers have arrived. Whether you […]
Importing Promotional Products from China (Step 1)
A Step-by-Step Guide to Importing Part 1 Growing market share means importing from China. The challenge is staying ahead of a massive China curve! Direct sellers have arrived. Whether you source through agents or Alibaba, we’ve generated an informational list plus strategic do’s and don’ts. Delivering from China can be complicated, confusing, and costly. Profits can […]
Importing from China – Best Practices
Importing Best Practices RULE #1 Don’t look for the lowest possible priceDon’t be tempted! Significantly lower prices should raise a flag. NO such thing as the lowest price in China. Factories figure out how to reduce material quality to lower prices or to meet buyer targets. These factories are generally non-compliant for health and safety […]
China Supplier asking for your EIN number?
The US Internal Revenue Service use EINs to track and collect duties and taxes. An EIN, or Employer Identification Number or Taxpayer Identification Number, is a sequence of nine numbers. Locating an EIN If you are unsure of your Employer Identification Number, you can locate it easily. Contact the Internal Revenue Service and request a […]
Importers: Stay away from Hard-Bargaining in China
Hard-bargaining is NOT the key to success. Threats and unreasonable demands may work in the short term but do not DEVELOP relationships. Eventually, you will need help from your factory. If you hard-bargain every time, favors won’t happen. What does hard-bargaining say about you? It says that you view each deal as either win or […]
Import Duty Explained
Introduction: When you ship products to another country, recipients are asked to pay additional duties and taxes before the shipment is delivered. Governments tax shipments from other countries because they want to: Protect domestic companies from foreign competitors Control the flow of certain products Raise revenue through taxes Duties and taxes on shipments are legal […]
Essential Service for Promotional Product Importers
Blind Shipping for the New Reality Rush orders and shorter lead times have become the rule, and not the exception. Suppliers, distributors, and overseas factories are all chasing the same customers. Having to protect your business from predators has become the new reality. Blind shipping your decorated orders from China means that your factory and […]
Express Shipping from China: Reduce Your Costs
It’s normal to expect shipments from China to be delivered quickly, reliably and affordably. Realistically though, shorter delivery cycles get in the way. Shipments seem to always be up against challenging delivery dates. While it’s tempting to have a factory do your shipping, it will negatively your business, especially if they ship to your customers. […]
Dealing with Shipping Delays
Dealing with Shipping Delays Reduce the negative effects of shipping delays on your business and protect your brand reputation when dealing with late deliveries. In January 2019, FedEx shipping delays hit 12.87% of deliveries from Canada to the US, while UPS shipping delays hit 16.16% in the same period on the same route. The same […]
