More than 60–80% of light industry products in the Ukrainian market originate from China. There is much prejudice about the quality of Chinese products. But recently, Chinese manufacturers began to produce better quality products, so they look much better, are durable, and functional. Even if you have no experience with Chinese products, this is not a reason to abandon the idea of starting a business with China for resale.
Nowadays, the resale business of Chinese goods is trendy and profitable. In short, there are only three steps in resale business with Chinese goods:
If you want to start a business with Chinese products, then consider the following products:
Budget planning is an important stage that requires careful consideration of hidden expenses. A successful start of a product-based business involves financing several key areas at once.
To avoid hidden overpayments, it is advisable for businesses to entrust calculations to logistics partners.
To establish the purchase of goods from China at an acceptable price, there are several search directions:
Remember, to save on product costs, try to establish direct contact with manufacturers, as intermediaries are always more expensive.
To determine the volume of future sales, study the sales data from previous periods. This could be the past season (for seasonal products) or, for instance, a quarter (for non-seasonal products). At the same time, consider what factors influenced past sales. For example, promotions, seasonality, or economic indicators. If you are just planning to enter the market, we can help you understand many nuances. Additionally, we can provide our warehouse in China for storing goods.
Starting a business with China requires different initial investments depending on the type of business, whether retail or wholesale, and whether you have existing or possible customers.
When it comes to retail in Ukraine, we offer to start with a small number of products by purchasing them in small wholesale amounts, i.e., one type of product per box. Based on our professional experience, the initial budget for small wholesale (depending on the product price) should be approximately $1,000 - $2,000. This amount should cover the procurement, logistics, and additional costs associated with resale arrangements.
If we are discussing wholesale, it is important to determine whether it is small, medium, or large wholesale and whether you have a well-established sales channel. This will help us understand the volume of the first batch required. For a small wholesale, the entry budget is around $3000 - $4000, whereas for a medium wholesale, the budget ranges between $9,000-$10,000. However, please note that these are just estimates, and the final budget will depend on the product type and shipping process.
If you already have a clear idea about the product you need, all you have to do is find a trustworthy logistics company to arrange a reliable supplier, make the purchase in China, transfer money, and prepare cargo for a quick shipment from China to your destination country. And we are already the company you are looking for! Contact DiFFreight, and we will provide comprehensive assistance to help you solve all your logistics challenges.
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