Manufacturing products in China for the European and American markets have grown exponentially over the last few years. This is due to the cheap labor and cheap manufacturing costs in the country. It's an amazing country with multitudes of companies bidding for whatever you want manufactured. I strongly encourage anyone who has a volume internet market to explore the avenue of manufacturing their products in China. You have absolutely nothing to loose.
Start off by sending drawings or templates of the product that you are considering manufacturing. When they get back to you, they will insist on you ordering a minimum quantity to attain the price quoted. The competition over there is fierce. There should be no problem them sending you a sample of the product that they have manufactured free of charge.
Send your drawings to at least 3 companies to attain 3 different quotes. This means you should get 3 samples back, one each from each company. Whatever the price (there won't be much between them) pick the sample that is the best quality. It will so much pay off in the long run.
Planning and organising are essential when dealing with Chinese companies. Shipping usually takes 6-8 weeks so you must plan ahead at all times. For the first few transactions they might insist that you pay up front for the goods until ye build up a business relationship where then they might give you one or two month's credit.
This is quite normal so you must get references from other companies about the company you intend to do business with. You see, there are companies over there that are one man bands which must be avoided at all costs. Usually the bigger, the better, companies who are already doing big levels of manufacturing for other companies.
I believe for items normally priced around $50 here in the western world, you could get a replica made in china for $8-$10.You must do thorough investigation into the market over there before money changes hands. If you are getting to big sales levels in your business, then manufacturing in China is becoming more and more a viable option every day.
There is money to be made in selling products for other companies, in selling your own products that you are buying wholesale, but when you start manufacturing YOUR OWN products that's when the big margins come in to play. Have a look at China if you have the volume. It could the best move you will ever make.
Author Jack Foley works from home in Ireland For more articles and information about Jack's home business, visit Jack's website: http://www.residual-income-home-based-business.com Copyright © Jack Foley All Rights Reserved |
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