If you are into importing business, importing items from China has to be a common thing for you. Chinese goods form the stem of import business as per their prices are concerned. Considering the style and price the Chinese goods have, importing from China remains among the top priority.
Experts have experienced the benefit of importing Chinese goods from time to time and selling them in our local market. It’s a matter of profitability. The importing process from China is simple until you make the matter complex. This is the best platform to earn more money.
Profitable Goods From China
It’s a common practice to import goods from China and then selling them in B2C portals through online marketing or even at Retail stores. People are using import technologies as several profitable business strategies –
- Drop-shipping business
- E-commerce sales
The Chinese manufacturers stand as the pillar for imported products globally. This is not a new trend but one lasting for quite some time. They are recognized globally as the leader manufacturers. But, one needs to be very careful while taking forward an importing business. You need to give it time and understand the requirements of your suppliers.
Why is China the preferred hub for importing goods?
China has already earned the tag mark of being the booming hub of import goods manufacturer. But how did they achieve this milestone? They have certain advantages over other countries in the market, which make them the pioneer-
- The physical or human labor is cheap in China
- The Labors are highly skilled
- The Chinese Government supports these manufacturers strongly
- The base of Capital is well established
- In China you get adequate rare metal reserves
The Import Business
If you are new to the importing business, then you might want to start your business with Chinese manufacturers at first. As you start the business, you slowly learn about the trading intricacies in the in international market like private labeling, quality of products, the regulations related to import business etc.
When you import it can be a difficult job to locate a supplier, shortlist items to import and then communicating for the best deal. Some simple import business strategies that might help you here are –
- Do research and find out products that are worth importing
- If you have identifies a product then it’s time to find out the right supplier who deals in with the right product and offers best deal
- Arrange for some sample items on purchase basis
- Check safety for scaling up your business and bulk orders.
Among all the above check-points for import, entrepreneurs get stuck in the beginning with the choice of the right product to import and choosing the supplier.
Choosing the right product for import
If you are not sure what product is best for importing then you can follow the below steps to add in to your import list –
- Identify the target customers and the market where you want your import business to set a landmark.
- Understand the demands of the locals in that market and what kinds of products are appreciated with your preferred clients.
- Remember, online presence is of utmost importance in today’s world. Check what is selling online now days.
- If you are not the sole business owner, then you might want to consult with your other exporter friends and partners.
- Check the local legal norms and paperwork associated with each type of product you wish to import.
- Check the trading policies with the foreign embassies.
- Checking the pricing is very important. Check what kind of budget you have in mind for importing. Negotiation with supplier and having idea on the market price of the product helps here.
All these check-points might help you identify the product good for importing from China.
Top 15 most profitable goods to import from China
You can import various items from China. But, if you want your business to grow and blossom, you need to import highly profitable goods in nature. However, be careful of what you buy, especially if the products are related to alcohol, medicines, or other perishable items. As per market studies, the 15 high selling and most profitable goods to import from China are –
1. Cutters and graters
Misé-en-place, i.e. peeling, chopping, grating and others, among all other cooking activities are most messy and time taking job. Having a machine or tool to make these works easier is always welcome.
These items sell like hot cake in the market.
When you buy from Chinese suppliers in bulk, you get a great rate. Considering the cost price and the price that you sell them for, you usually make a huge profit margin. Studies show that in general these cooking tools help in making around 2500% profit on per piece sold.
Think about the total profit you earn when you are selling in bulk!
2. Buttons of your jeans
Not only buttons for elastic jeans, China can offer you with a wide range of button collections for different apparel. The quality is something you like in these items. In general the jeans buttons are likely to get broken easily. But not the ones you import from China.
Market researches show that people prefer to have buttons on their stretchy jeans in order to make them well fit. Looks like great selling opportunity? Indeed it is.
Not only the cost prices for these buttons are cheap, but also they yield huge profits. You can sell packs of them at a decent price and yet earn up to 2900%.
3. Stampers for Nail Arts
Coming to the fashion industry, no wonder the cosmetics and beauty products are in high demand today. But you really don’t earn huge profit by selling majority since the cost price and duty will be high.
But we tools like nail art stampers are not that expensive and yes girls like to get nail art done. Give young women the chance to decorate their nails with ecstatic nail paints and funny designs, nothing will make them happier. They do need nail art stampers to a great extend to get this job done neatly.
Excluding the duty and logistics, these stampers cost about $0.8 per piece but considering the market trend you get to sell them for $5-$7 per piece. You still earn a profit of about 700% here.
4. Kids’ Cutlery
In importing business, any product pertaining to kids are profitable in nature. The profit level increase havoc for cutleries since they are cheap when purchased in bulk. They can yield up to 500% profit.
When you import from China the cutleries come in all great shapes and colors that kids enjoy like Spiderman, hello kitty, barn animals etc.
5. Electronic gadgets
Among all other items that sell well in the market, the Chinese electronic gadgets are always in high demand. They are sold for cheap and have great quality, especially when you buy the lamps with USD charging facility.
You can’t just manufacture these products everywhere. This is something unique and innovative and guarantees a good glow when connected through USB. You don’t really need electricity or wires to do the job of charging.
These items are very popular with young people and people who love camping for its convenience to work without electricity.
Guess how much profit you can make out of these! The cost of bulk purchasing excluding all duty fees is less than a dollar, whereas, you get to sell them for $5 to $6 per piece. So, you make about 600% profit here.
Isn’t it amazing!
6. Survival kits
Survival kits are essential if your clients love camping. You don’t need to sell a huge kit box here, all you need is an all purpose tool. In general these tools consist of knives, hammer, scissors, thermometer, a compass and some more, all fused together in just one key chain.
These products if you try to import from Switzerland can be extremely expensive. But the Chinese ones are dirt cheap. They might not last your customers for generations, but again, spending $10 for a product like these is fine with customers.
You make good profit here as well as your cost price will never be more than $2 per piece.
Ehen you import from China, you come across many more such products that will fetch you good profit, but first check if your target clients are looking forward to buy such items.
7. TV accessories:
With the advancement of technology, we have now shifted to SmartTVs from our regular TV sets. Naturally, the demand for compatible accessories has grown in the market with that. The manufacturing costs for these accessories like wall-mounted or tabletop TV stands are comparatively low, and the demand is high. With SmarTVs came the demand for other accessories like Smart speakers, gaming consoles, etc., making it one of the most profitable items in the market.
Toys never grow old in the market. Irrespective of age, toys always remain in demand. Be its stuffed toy or barbie doll for children or drones and RC planes for adults; toys remain the most profitable items of all item. These products usually have a low manufacturing cost, sell for a high price in the e-commerce market, and their market demand requires suppliers to procure products in bulk. Needless to say, bulk orders help the supplier secure the best deal from the wholesalers. Thus, they end up earning a good profit margin.
9. Fashion and designer sunglasses:
Branded designer sunglasses never go out of fashion. Who wouldn’t like to take a step out of their homes in summer, wearing a designer shade to match their attire? However, not everyone can afford designer glasses by Gucci or Beverly Hills Queen Bee. As a supplier, you can improve your profit margins by importing designer glasses in bulk from the leading brands and selling them on their e-commerce platforms with exclusive deals. The demand for fashion sunglasses grows further among people when they get special deals online.
10. Pet care supplies:
As more people turn into pet parents from pet owners, we see a surge in demand for pet care suppliers worldwide. Starting a store for pet supplies is probably one of the most profitable businesses in the world currently. From grooming supplies to dresses, beds, etc., every pet supply is highly in demand in the market.
You can have a guaranteed success in your business if you plan to open a shop of pet care supplies. There are numerous sub-niches to focus on this sector. So product supply is not restricted to one particular item. These are the most profitable items that give you a higher opportunity for upselling. You get assured recurring business once you start a pet store.
11. Scented candles:
Scented candles always serve as the perfect gifting item for various occasions. Be it a Christmas gift or for housewarming, aromatic candles have always been buyers’ favorite for gifting. Manufacturing and procurement cost for these candles is highly cost-effective. Owing to the high market, you can remain assured of the profit margins. While you get special deals on bulk orders of scented candles, you can sell them for a good price.
Why are the aromatic candles considered profitable for business?
The Source of procurement is the major reason why these candles are good for your business. You can obtain them easily, sometimes from local manufacturers too. You can now offer your customers a wide collection of candle types for gifting, depending on the occasion they are looking for. Did you know many companies follow the regular routine of lighting companies for religious purposes? Some even procure candles in bulk to place as a central piece in a gift set. Clearly, you can get repeat business from such corporate clients and also have customers looking for aromatic candles for yoga and spa treatment. Candles have a huge market and thus promise high profit and success in business.
However, there a few points that every supplier needs to keep in mind while importing scented candles from manufacturers. Firstly, understand the risk of the candles melting down during transit due to the hot weather. Secondly, they can get damaged while importing. Finally, you need to understand the loss involved in such damage. Planning an import is essential to prevent such losses.
12. Phone accessories:
In the modern world, almost every person has a mobile phone in hand. With the online classes gaining popularity, even the kids nowadays have personal cell phones. The demand for smartphones has turned the market for mobile accessories into a gold mine. Now, you can offer your customers the gift of uniqueness by providing a wide range of phone accessories. The online market is flooding with mobile accessory requests from designer back covers to screen guards, mobile lenses, etc.
You have a better opportunity to sell unique products to your customers when you plan to use mobile accessories for your business. The leading mobile brands release new models every year, giving rise to the demand for new accessories. Thus, you get an opportunity to diversify the business.
Apart from the market demand, what makes mobile accessories one of the most profitable items is the fact that these are compact items with less shipping cost. They have low manufacturing costs too. In fact, you can store more accessories in a small place as they are small in size. Importing these items requires less storage space and charges.
13. Lego toys:
Did you know that Lego is one of the highest sold toys globally? Strangely, we don’t have e-commerce websites dedicated to lego toys. If you want to grow your business, starting a lego store or e-commerce platform can be assured of success. Lego toys are high-demand products with low procurement and shipment cost. Look for the highest Lego toy selling wholesaler near you and start importing your Lego toys today.
Lego is a world-renowned brand and hence, is sure to have a high demand in the market. You can get exclusive deals when you place a bulk order with the wholesaler, reducing the procurement cost further. If you manage to sell certain Lego collections and sets, you can sell them for a good price too, resulting in high profit.
14. Work-out clothings:
Nowadays, everybody understands the importance of working out or exercising. Work-out sessions require specific clothing. Naturally, the demand for clothes for working out or exercising is impressive. It is highly profitable to supply active-wear clothes to these health and fitness-conscious people. It can be more profitable as you get to explore several sub-niches under this genre. Similar to other apparel businesses, one can even keep a high margin while selling activewear.
While you indulge in a supply of active-wear clothing, you need to ensure that you have enough stock for various sizes and colors to satisfy your customers’ needs. Once you have a proper stock, your sale is sure to go high, yielding high-profit margins.
Leggings are nothing but cozy and stretchy pajamas that women nowadays prefer to wear. You can choose to wear leggings at your home, during workout sessions, or with your dresses while you go out. Naturally, selling these over an e-commerce platform or retail store is of high profit. To add to the advantage of reducing the procurement cost, leggings are lightweight and easy to store. So, you spend a considerably low amount on storage and shipping and save more on your profit margin. One can also secure great wholesale deals on bulk orders as well.
Read More : How to Star an Import/Export Business
Earn maximum out of import
Once you decide on the market you want to target, you can get online and check the reviews your competitors have. Stick to your niche of business and mark the items that sell more. The more you can sell one particular type, the better your earning will be.
You can only save on the duty and logistical support and earn a good profit out of imported items if you have ordered in a bulk. The duty fees seem minor when you bulk order and manage to sell all of it to the correct clientele.