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Posts by Jack Jones6

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Importing from China in Business, Accounting & Taxes ·
So, let me continue my explanations for Dennis Lewis5, just so I can make certain everything is crystal clear to you.

1. The Chinese absolutely have nothing against doing business with women; quite the contrary, in fact. In the vast majority of instances, the women are actually the ones I am communicating with or meeting face-to-face. And if you want the easiest way to establish that kind of personal rapport, you simply head to trade shows across Europe. I highly recommend New York City. It’s much more accessible than flying all the way to China, and since it hosts the largest and most frequented exhibitions in the region, that is where they almost always show up. You really ought to research when the specific company you are interested in—or perhaps already working with—is exhibiting. Once you know, you can invite them out for a beer, some sausages, or even a proper business dinner. There, you will see for yourself what I mentioned above: at most booths, you'll find women running the show. They often go by names familiar to us, like Sarah, Wendy, or Joanna, though their surnames will, of course, be characteristically Chinese.
Mind you, I should reiterate that this isn't strictly necessary; you can certainly wrap up an entire deal without ever leaving your own hometown.
You can find a complete calendar online. Just type Google CES into your search bar and it will pull up all the relevant events for you.

2. As for transport, that falls entirely on your shoulders—you organize it and you foot the bill. Once the goods you ordered are ready for dispatch, the supplier will ask for the delivery address of the freight forwarder who will be handling the shipment all the way to America. Over here, we rely on major shipping giants like FedEx or Carl Schenker. These companies maintain offices in every corner of the globe, and they will handle all the logistical heavy lifting for you.

3. Regarding payments, T/T and L/C are the primary methods. L/C stands for Letter of Credit, which is essentially a bank guarantee. It serves to ensure that you don't necessarily have to pay for the goods upfront, because the bank guarantees the payment instead. However, using an L/C drives up your costs because a bank guarantee is a premium service, so I personally never use it. T/T is the payment method I described to you previously.

I could probably start charging you for these lessons, ha ha ha!
If any other questions cross your mind, please, just ask.
Best regards!
Importing from China in Business, Accounting & Taxes ·
1. I am honestly not sure if an in-person visit is even necessary (how reliable are these people, really?)
2. What does the travel cost look like, and who should I contact to organize it? Is there a standard protocol for this kind of trip? Also, where should I stay, how long do I need to be there, and what else should be on my radar?
3. Are there any specific rules of etiquette or conduct I absolutely must know? I’ve heard some whispers about it—though I might have misheard.

To be perfectly honest, I am a total novice here. I am quite terrified of making a rookie mistake. For instance, what if I pay for the merchandise and then either receive something completely different or nothing at all?

Any bit of information you can provide would be incredibly precious to me. And if anyone else out there has firsthand experience, please, I am begging for your help!

Oh, please forgive me. I was traveling recently and it just dawned on me today that I actually offered you my assistance.
I’ve gone ahead and copied your questions so we can tackle them one by one.
1. No, it isn't strictly necessary. In fact, you could go your entire life without ever meeting them face-to-face.
2. Refer back to point number one. Ha, ha, ha! It sounds to me like you are just itching to fly off to China right this second.

Look, let me lay it out for you... almost everything is handled via email.
My personal workflow always begins with an introductory email. I introduce myself, explain my business model, identify which markets I operate in, outline my potential volume capacities, and share my projections for the upcoming period.
After that, I get specific about which products interest me and request pricing and terms. You really have to keep a few things in mind here. Pricing fluctuates constantly depending on whether you are ordering by the pallet—which means using LTL shipping—or if you are booking a full container (either a 20-foot or a 40-foot unit).
Next, you ask them to clarify their payment terms. I'm not sure if you are familiar with international trade jargon, like T/T or L/C?
Furthermore, you don't necessarily have to pay everything upfront; you can often split the payments into installments.
Typically, you can negotiate a deal where you provide a 30% deposit, with the remaining balance due once the goods are ready to be loaded onto the vessel (FedEx).
As you build a relationship, you can negotiate even more favorable terms. For example, you might pay a 20% deposit and settle the rest 15 days before the ship reaches your local port for unloading. After all, you won't be able to take possession of the goods anyway until you have the original shipping documents, and you usually won't see those until the final payment is cleared.
Let me circle back to the beginning for a moment. Through email, you can also request that a manufacturer makes specific modifications to their standard product. For instance, if they offer a black bag, it doesn't have to stay black—you can pick your own color. Or if you need an extra compartment, that’s usually no problem... this is just an example.
You also coordinate the shipment of samples via email. In most cases, these will be free of charge, meaning they will cover the courier delivery costs and such.
Oops, is that a bit clearer now?
Importing from China in Business, Accounting & Taxes ·
What exactly can I help you with? I’ve been navigating this market for nearly three years now, so I have a decent handle on how things move.