So how easy is it to buy directly from China and take advantage of the profit margins from their cheap prices?
1. Getting The Newest Gadgets
Online sellers know the power of being the one carrying new products. Even better are unique products. If you're sourcing electronics direct from the source in China you will be ahead of the pack for selling new products, and you could even be the only person in your country selling certain models.
2. What About Communication Problems?
A common reason why small and medium electronics retail business owners are nervous about looking for suppliers in China is that they're uncertain about communicating with Chinese businesses. There's no longer any cause for concern: all electronics export companies in China will have at least a few staff who are good at communicating in English. Also, you'll easily find product descriptions and price quotations in English, from these Chinese electronics companies which are getting better at marketing to international importers.
3. How Are Electronics Delivered From China?
You've heard of the 'global village' - although China is a long way away, it's actually not hard to ship products in any quantity from there to any international destination. Your suppliers will probably be able to advise on what's best for their products.
Choose couriers like DHL or FedEx for small or urgent shipments. Talk to forwarders in China or Hong Kong for assistance setting up larger shipments via air containers or sea freight.
4. Wholesalers, MOQ
Many would-be importers from China are put off by demands from Chinese suppliers for large first orders - in the range of thousands of pieces, and commitments to buy more. A better way to get into importing from China is often to form a relationship with a professional Chinese wholesaler.
The Chinese electronics wholesaler ElectronicsMass.Com, for example, already has close supply relationships with local factories and so can offer all the low-priced new products with low minimum order quantity. This enables new importers to test different products' success with little risk, by buying a range of samples and starting with small quantity orders, before committing to large bulk purchasing.
5. Drop-Shipping - The Perfect Import Business?
New importers from China are often nervous about building up stock which they can't sell. High value items like electronics can add up to a big business risk, if you are holding stock waiting to sell it.
One solution to this difficulty is dropshipping. You can advertise the products you've found from Chinese suppliers, but only pay for them when you receive orders. The Chinese dropshipper then delivers straight to your customer. You keep the profit without the risk, and without the hassle of handling and packing goods.
6. Low Risk Payment To Chinese Suppliers
With online wholesalers you can usually choose to pay in many international currencies, and even submit payment "the eBay way" - through Paypal secure online ordering. Paypal offers total protection for buyers, and dealing with their approved online electronics wholesalers will give you extra peace of mind.
7. Can You Afford NOT To Source From China?
China has been described as the world's factory. The unbelievably cheap production costs for consumer electronics in China are well known to everybody.
Online wholesalers simply let you put those products straight in your cart, without all the hassle - and middlemen - normally associated with the import trade. With no sales taxes added or hidden charges, the price you pay.
A strong relationship with an electronics wholesaler in China will let you reap rewards for years to come: why not check out ElectronicsMass.Com and start reaping your China importing profits now?
Consumer Electronics Market Share
A recent ChangeWave survey shows a sudden huge pullback in consumer retail purchasing on electronics by U.S. consumers - the largest one since we began measuring spending trends back in 2002.
From February 18-25, we surveyed 4,427 consumers on a wide range of popular gadgets in the consumer electronics industry, including LCD TVs and video game consoles.
The survey found only 19% of respondents say they'll spend more on electronics over the next 90 days compared to 33% who will spend less - an unprecedented sign of weakness in the consumer electronics space.
Hardest Hit Retailers
Best Buy (45%; down 6-pts) and Circuit City (14%; down 3-pts) are the key electronics retailers that will be hit hardest by the spending downturn. Amazon (16%; down 3-pts), Apple (6%; down 3-pts) and eBay (7%; down 2-pts) will also register declines in consumer retail spending.
At the same time, Costco (23%) and Wal-Mart (12%) are the top two stores bucking the electronics downturn - both of which look set to maintain their consumer electronics market share going forward.
Hardest Hit Gadgets
Several top electronics will be hit hard over the next 90 days, including LCD TVs (10%; down 4-pts), digital cameras (7%; down 4-pts), cell phones (8%; down 6-pts) and iPods (2%; down 4-pts) - all which are down significantly from a year ago.
Despite the lack of enthusiasm for these formerly popular gadgets, there are still some bright spots in consumer electronics. The Nintendo Wii remains wildly popular among consumers, with 8% saying they plan to buy one in the next 12 months - up 3-pts from a year ago.
Demand for High-Def DVD players is another bright spot, where 9% of respondents say they are planning to buy a Blu-ray HD DVD player in the next 90 days. GPS devices (9%) also continue to hold their own among consumers.
Tax Rebate To The Rescue?
As reported in our recent consumer spending report - No Signs of a Bottom (ChangeWave Survey Shows Continued Deterioration in Consumer Spending) among respondents expecting to receive a special tax rebate this spring, only 7% say they're likely to spend it on consumer electronics.
By comparison, a strong majority say they're likely to use the special rebate to either pay down debt (33%), invest the money (23%), or save the money (21%).
Thus, there is frightfully little in our findings to suggest the economic stimulus package will jumpstart consumer spending on popular electronic devices. Rather, our findings point to an increasingly preoccupied American consumer who has fallen out of love with gadgets.
Investors should check to see their seat belts are securely fastened because turbulence is ahead.
Both Anna Wei & Paul Carton are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Anna Wei has sinced written about articles on various topics from Sales and Negotiation, computers and the internet. ElectronicsMass.Com--The best price consumer electronics supplier & wholesaler from China and is your reliable wholesale partner from China!. Anna Wei's top article generates over 60500 views. Bookmark Anna Wei to your Favourites.
Paul Carton has sinced written about articles on various topics from Sales and Negotiation, Blackberry Review and Computers and The Internet. Paul Carton is the Research Director of the ChangeWave Alliance expert network. Visit us to see more ChangeWave Electronic findings and to receive. Paul Carton's top article generates over 14800 views. Bookmark Paul Carton to your Favourites.
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