We all know how to use the online market. You find a product you want to buy, like new shoes or the newest gadget, and then compare prices from different stores to find the best deal. If you run a business, you know that the amount you paid for a product has an indirect effect on how much you make from it.
The profit could be bigger if the cost was lower. Because of this, a lot of businesses buy their products from wholesalers.
How do wholesale markets work, though? If you want to buy in bulk from China and get the best price from websites that sell in bulk from China, keep reading.
How does a Wholesale Market work?
A wholesaler is a business that sells items in large quantities at a discount. They work between the company that makes the product and the store that sells it. Wholesalers usually sell to businesses instead of individual customers because businesses are more likely to buy a lot of products at once.
Wholesalers come in two types:
- Merchant wholesalers are businesses that buy goods from manufacturers and sell them to retailers.
- Industrial distributors are companies that sell the goods of manufacturers to retailers.
When you buy from a wholesaler, you can get a much lower price per unit, which is one of the best things about it. This is because wholesalers buy a lot of products at once, and the manufacturer gives them a discount for buying in bulk. They then give their customers some of the money they saved. Because the price per unit is lower, businesses can make more money.
When you buy from a wholesaler, you also have more negotiating power. When you buy something from a store, the store usually won’t negotiate with you because they need to make a profit. On the other hand, wholesalers are usually more willing to negotiate because they make more money. It means that if you are willing to bargain, you can get a better deal.
China as the center for making things
In the world of digital shopping, China is now the biggest wholesale market in the world. China is a world leader in manufacturing, and many of the things we use every day are made there. It has everything, from clothes to gadgets. If you want a certain product, you might be able to find it in China.
Over the years, many trustworthy and easy-to-use Chinese wholesale websites have popped up, making it a lot easier to buy from Chinese factories. Over the years, many trustworthy and easy-to-use Chinese wholesale websites have popped up, making it a lot easier to buy from Chinese factories.
Whether you want to sell the products you source on your Shopify, eBay, or Amazon store or buy them for yourself, there are suppliers in China who are ready to help you.
How to Find Chinese Vendors?
Sorting through the thousands of Chinese wholesale websites can be hard if you’re not used to it. And because there are so many scams and middlemen out there, it’s important to know how to find a reliable supplier.
Don’t forget that the products you sell are the most important part of your eCommerce business. So, you should take your time and find a trustworthy vendor. A good vendor will guarantee quality, have ways to control quality, offer competitive prices, and provide good customer service.
Here are some ways to find a trustworthy vendor in China:
Use a directory of reliable sources.
There are a number of trustworthy sourcing directories that can help you find suppliers who have been checked out. These directories check out vendors first to make sure they are trustworthy and sell good products.
Alibaba is the most important wholesale market in China. It is a business-to-business platform that brings together Chinese sellers and international buyers. Alibaba is a good place to start looking for a supplier because it’s easy to use and has a lot of suppliers.
To find a wholesale supplier on Alibaba, all you have to do is sign up for an account and use the search bar to find suppliers who sell the product you want. Once you’ve found a few possible Chinese wholesale suppliers, you can contact them and ask for quotes.
The most important thing is to communicate, so:
- Be clear about what you want at all times.
- Be kind to the person selling.
- Don’t pay anything in advance unless you use the Trade Assurance program on Alibaba.
- Talk to your past wholesale suppliers.
One of the best ways to find a good supplier is still through word of mouth. If you know someone who already buys from China, you could ask them for advice. They might know a good supplier for your business that you can use.
You can also join groups and forums on Facebook where people talk about buying from China. You can ask people who have been there before for suggestions and advice.
Visit trade shows.
A lot of Chinese wholesalers go to trade shows to show off their goods. If you like talking to people face-to-face, going to a trade show is a good way to meet possible suppliers.
Websites like Global Sources and China Sourcing Fairs have lists of upcoming trade shows. Most events are free to attend, but you may have to pay for travel and lodging.
China’s wholesalers have the best prices.
Once you have a short list of the suppliers you want to work with, you can start negotiating prices and other terms of the sale. It will help if you know how to talk to people well. Here are some other things you should think about before you make a deal:
What is the minimum amount you can order?
Minimum Order Quantity, or MOQ, is the smallest number of items that a supplier will sell you. It’s important to think about the minimum order quantities because they can change how much your product costs per unit.
The unit price will be higher if the minimum order amount is low. So, if you’re just getting started, it’s best to look for suppliers with low minimum order quantities. When your business has grown and you’re ready to place bigger orders, you can look for suppliers with higher minimum order quantities. Remember that the minimum order quantity is usually higher for products that are made to order.
What kinds of payments are okay?
You’ve decided to buy from a supplier in China, but how will you pay them? What are the ways to pay? Do they accept payment by credit card?
Many Chinese wholesalers would rather be paid by wire transfer or Western Union than by cash. Some may also take PayPal, but you’ll have to ask the seller if that’s an option.
It’s important to know how the supplier wants to be paid because that will affect your cash flow. Wire transfer and Western Union are both immediate payment methods, so you won’t have to wait for the money to clear before the goods are sent. Payments made with credit cards, on the other hand, can take up to a month to clear.
How much does it cost to ship?
We all hate paying for shipping, but it’s an important thing to think about when importing from China. How much it costs to ship your items will depend on their size and weight, as well as the method you choose.
When importing from China, you can choose from three main ways to ship:
International Express Air Freight Sea Freight International Express International Express is the best way to ship items that weigh less than 200Kgs.
International Express is the best way to ship high-value products made in China that need to get to a certain place quickly.
International Express services figure out their prices based on the size and weight of the item, whichever is bigger.
DHL, FedEx, and UPS are three of the most well-known International Express service providers. bulk orders usually take between four and five days to be sent out. One of the main reasons why big businesses like to use International Express is because of this.
If you want to ship something for the least amount of money, China Post is the way to go. It is China’s national mail service, and it sends mail both by air and on the ground. The bad thing is that it can take up to two months to get your package.
Freight by air
Do you buy a lot of things from Chinese suppliers? Are they less than 500 kg? If so, air freight is the best way to send your items.
With the dimensional weight method, shipping costs are lower than with Express.
But keep in mind that air freight is shipped from airport to airport, so you’ll have to take care of customs clearance and door-to-door delivery yourself.
Sea Freight: The best way to ship bulkier items like furniture and machinery is by Sea Freight.
It’s the cheapest way to ship, but it takes the most time. It can take anywhere from four to eight weeks to get your order.
Goods can be sent by Sea Freight in two ways:
Full Container Load (FCL)
LCL stands for “less than a container load.” FCL is usually how large customers who buy in bulk from China ship their goods. It means that you’ll have to put all of your goods in a 20ft or 40ft container. You can ship via LCL if you don’t have enough goods to fill a whole container. In this case, your products will be sent with other packages that are also going to the same place. Because of this, LCL charges are more than FCL charges.
Benefits of Buying in Bulk from China
You’re always looking for ways to cut costs and make more money as a business owner. One way to do this is to buy things from a Chinese wholesale market. Here are some good things about buying in bulk from China:
Access to a lot of different manufacturers
China has thousands of factories that make many different kinds of goods. It lets you find a supplier that meets your needs. But you should always remember to check reviews and let the supplier know what you need to avoid problems.
When you buy from a wholesale market in China, one of the best things is that you can get products at wholesale prices. It’s because China has much lower costs for labor and making things. Also, the Chinese government helps keep prices low by giving tax breaks and subsidies to manufacturers.
When you find a good supplier in China, you can be sure that they will keep sending you products as long as you need them. China puts a lot of value on its relationships with its suppliers.
Products Made to Order
Do you sell unique or customized products? Maybe something like custom-designed iPhone cases. If so, you’ll be glad to hear that many Chinese factories can make things just the way you want them. Chinese companies are also willing to make products in small amounts. You can almost design a product and then have a factory make it for you.
Control over how products are packaged and labeled: Do you want to put your own name on them? Or you might want to change the way it’s packaged to make it more appealing to customers. You can build your brand and make your products stand out with a private label. You can work with the factory to make your products stand out on store shelves by giving them a private label and custom packaging.
Problems with Buying from Wholesale Websites and Wholesale Markets in China
When you buy in bulk from China, you have to go through a long process. From finding the right vendor to figuring out the shipping costs and procedures, there will be problems. So, when you buy from China wholesale markets for your online store, you need to be ready for a few things.
One of the hardest things about buying from Chinese wholesale websites is that you might not speak the same language. In China, many people who sell in bulk only speak Mandarin. So, if you don’t speak Mandarin well, it will be hard to talk to them. It can make it hard to get your needs across and solve any problems that may come up.
When you buy things from China, shipping costs can be very high. Most suppliers use expensive shipping services like DHL, FedEx, or UPS. Shipping costs can cut into your profits if you’re not careful.
Long Shipping Times
When you buy something from China, it usually takes two to three weeks for it to get to you. That’s because Sea Freight is the cheapest way to ship, and most suppliers use it. You can choose Air Freight if you need your goods faster, but it will cost more. Talk about the time of delivery ahead of time so you know what to expect.
Quality of a product
A big worry for buyers is making sure that the quality of the product is good. The reason is that it’s hard to know how good a product is before you get it. Many sellers say they have high-quality goods, but that’s not always true. So, you should do your homework and only work with the best Chinese wholesale suppliers. You can also hire an inspector to keep a closer eye on quality.
Products that aren’t real
China has a lot of problems with fake goods. Many factories make fake goods that look just like the real ones. Because of this, you might end up selling fake goods on your online store without even knowing it. Dealing with trustworthy Chinese suppliers can reduce the chance of selling fake goods.
Best Chinese Wholesale Websites
Alibaba is the largest online and mobile shopping company in the world. It was started on April 4, 1999, by a former English professor at Hangzhou Dianzi University. The Alibaba group is the owner.
AliExpress is a well-known wholesale market in China that is run by the Alibaba group. It’s similar to Alibaba, but it’s made for small businesses and individual shoppers.
On Ali Express, the minimum order quantity may be lower than on Alibaba. But the products being sold are already made, so buyers can’t change them.
Are you looking for a website that sells mostly electronics, mobiles, and home gifts in bulk from China? If so, you should go to Global Sources right away. Most of the suppliers on the website have been checked out and can be trusted. Since Global Sources is all about exporting, the suppliers are good.
Founded in 2004 by Diane Wang, DHgate is a popular B-to-B and B-to-C platform based in Beijing, China. The website has over 30 million products and is one of the leading marketplaces for online wholesale trade. The product category is vast and includes everything from electronics to apparel.
Banggood is a wholesale website selling China’s best Chinese goods at very low prices. Since 2006, the company has had warehouse facilities in many states. This allows countless online shops to be created and offer products while providing customers with an extensive choice of product options.