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China B2B

By: DYLAN

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Anyone or a company seriously contemplating China B2B must avail a copy of China's B2B Media Industry Report to have an overview of both online and offline business goings on. The idea is to have in depth knowledge of the status and trends of the overall China B2B market and analysis.

Alternately, China B2B HUB serves as a platform for sourcing products and suppliers from China. To succeed in China B2B, it is essential to be prepared with accurate and comprehensive information of China B2B market, China business etiquettes and the overall competition scenario.

B2B Basics
Preparations for B2B begin with communication either with third party service providers or directly suppliers for service or products information via online or offline platforms such as trade show etc. Chinese are famous for having their own way of doing business and for successful conductance of your business, acquaintance with precise tactics to handle things in China is crucial, even though not mandatory. Chinese B2B, like others involves tactics such as honoring their guests and drinking is a part of the business meetings, in general.

It is prudent to approach trade bodies like B2B HUB only after you are done with identifying products and/or potential B2B suppliers. You can use internet to generate trade leads in B2B.

Tips to get started in China B2B
Few specific tips on establishing your B2B business with China would be extremely useful, especially when you are new.
1. Do your homework on Chinese customs and import regulations
2. Decide whether you are sourcing from agents or factory. If cost is the lonely factor, factory would be good but agents are handy in logistics and customs handling. The additional expenses you might incur with agents will be easily offset by the service they render.
3. Collect as much information as needed about product, price and ask for samples. Always place a small trial order which serves as a lesson for you.
4. Document all negotiations and exchange copies for records. Ask for price stability guarantee to be mentioned in quotation till the satisfactory execution of your order, and get clear about taxes, warrantees etc.
5. The usual modes of B2B payment are LC and TT. Pushing for revocable LC works in your favor when dealing with a new supplier.
6. Get clear about mode of dispatch and whose responsibility it is to handle custom clearance. Your options are FOB and CIF. CIF stands for ‘cost-insurance-freight till buyers’ port paid by suppliers whereas FOB means free-on-board, paid by suppliers till suppliers’ port excluding freight and insurance.
7. It is better engaging a clearing agent to reach consignment to your door.

Article Source: http://depositarticles.com/

Tootoo.com, the leading B2B platform, combining vertical search engine with value added service portal. It has more than 430 000 China quality suppliers and provides top quality B2B services to both sellers and buyers worldwide.

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