How Can You Import From China To UK In The Most Profitable Way?

Posted by Jessicawilliams on October 3rd, 2017

It can correctly be said that, in economic terms, China has materialized as a true global power. It is still a budding market, developing very speedily and, as such, has many convolutions. So where, in terms of import from China, do the opportunities lie for British enterprises? Many UK firms are comparatively small businesses and some might feel overawed when it comes to taking on China. At times, however, it is essential to take a new direction and take risks, though calculated ones. In the UK, the logistics are simple: if you always purchase your goods from time-honored suppliers in the UK, you usually get what you order when you require it. This is beneficial in terms of both cash flow and stock control. The disadvantage is that you are likely to be selling merchandises that are identical to those which are obtainable in all portions of the nation. Furthermore, your profit margins will be debilitated by your suppliers' rates, particularly if you are a small firm, with the superlative discounts always earmarked for the biggest clients. Thus, to secure better sales and amplified profit margins, it will be essential to look overseas and in today's market, the most evident solution is to import from China to UK.

To find the veracious supplier when you import from China can be a genuine problem, with plainly millions of website entries. When it comes to importing from China, it is critical to find a dependable agent, who will be your godparent and ensure that the merchandise you are buying are of the right quality and condition. It is conceivable to find a worthy agent yourself, although you might find it useful to approach the trade department of the embassies of China, Hong Kong, Taiwan or Singapore. They have trustworthy agents on their books and can counsel you of their numerous specializations. You could also attend trade exhibitions, often hosted by embassies, so as to make beneficial contacts.

Another way of finding an agent is to approach your native UK trade association. They will have a wealth of info on overseas agencies, as well as other handy guidance. If your trade association publishes a monthly or three-monthly magazine, make certain you subscribe to it, as there might well be beneficial advertisements or features on this matter. Another expedient source of info and business contacts is global trade fairs.