You might have thought about building an import and export business with China. But, you think that this is impossible because international businesses are really expensive. This is so not true.
It is really possible to start an import and export business with a country like China. And, it isn’t going to be as difficult or expensive as what you might have thought. You just need to make sure that you remember these tips and make sure that you take the time to do your homework first. These are the top tips on building a business with China.
Getting over the language barrier first
The first and biggest problem would be the language barrier. However, with the technology that we have today, this isn’t such a big problem anymore. You just need to make sure that you know how to overcome it. There is a couple of ways on how you can overcome this problem.
Firstly, you can employ a Chinese worker to do the paperwork and to do the communication between your company and China. This will make things a lot easier, but finding a Chinese worker might be harder than what you think. The other thing that you can do is to make use of translation services and software. To ensure that you can translate Chinese to English and English to Chinese.
You don’t need to have a lot of startup capital to do business with China
This might be a big surprise. You don’t really need to have a lot of startup capital to start doing business with China. In general, their products are cheap and you can make arrangements with the Chinese business so that you can save even more money.
You can also lend money from a financial institution, here or in China. You might be more successful in China because this is a business between you and China after all.
Do your research before you start any business with China
The most important thing that you need to do, is to do your research before you start any business with China. You need to make sure that you know the currency difference, the culture difference, and where you can find the best and highest quality products.
One thing that you need to know is that many Chinese businesses are selling cheap imitations of the real products. And, this is the businesses that you need to be careful of. This is why research is so important. You need to make sure that you can trust the company you are going into business with.
Get to know how customs work
The last thing that you need to make sure about, is how customs between your country and China works. The products you are allowed to import and the fees that you are going to pay for importing from another country. There are many things that you need to know about customs before you can start your business and purchase the first batch of products in China.
The last thing that you want is to get in trouble because you have purchased things that are illegal in your country or that you aren’t allowed to import.
These are some important tips to remember when you want to start a business with China and wants to import and export products from China. With remembering all these tips, you will know for sure that you are going to have a successful relationship with China and you will have an even more successful business. It is possible to have a business relationship with China and to get the most out of their cheaper products.
For well over a 125 years, BCR Australia has assisted Australian entities of all shapes and sizes achieve optimum logistics solutions through the implementation of efficient third party logistics services and transportation modes, including air and sea freight forwarding to and from all major ports around Australia, including Brisbane, Sydney, Melbourne, Adelaide and Fremantle (Perth).