Expert Importing & Exporting Advice

Is your business looking to do business in China? You may want to investigate China’s quickly expanding home shopping industry which, in 2012, was $9.3 billion. Sellers of consumer goods, food products, nutritional supplements, and cosmetics may find this type of venture particularly lucrative.

China has 39 home shopping networks on television. Most of these networks are for regional viewing, but nearly a dozen have national TV licenses and can be viewed anywhere in the country.

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The June numbers are in from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Just how much did the U.S. import and export for the month, – and how much of that action was yours?

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The richest country in the world, the U.S., is also the world’s largest importer. In 2013, the nation bought $2.33 trillion worth of imported products. China, the world’s second-richest country and second-largest importer, bought $1.95 trillion worth of imported products in 2013. So where, exactly, are these super-importers spending their money?

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Exporting is an excellent opportunity for small businesses to increase sales and profit while stabilizing seasonal fluctuations.  According to government statistics, nearly 96 percent of consumers live outside the U.S., so it makes sense to go where the customers are.

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When importing from China, it’s critical to understand exactly how long it will take to get your goods from there to here. To calculate your lead time, you have to determine 1) how long it will take your supplier to produce your goods, and 2) what your expected transit time is. Not having your products in stock when you need them can cost you. Mastering Just-In-Time inventory management can help…  if you anticipate the potential mishaps that may occur along the way. […]