Import From China Business
A practical guide for starting a small business
2010-
Real Experiences!
Faruk K. -
“Thank you for the information on branding my own products from China.”
Kele P. -
"Thank you so much for providing this wonderful, informative website."
Mark R. -
"I have always been interested in the import/export business but there is a lot of confusing information. Your site is practical and very helpful. Thanks."
What’s New!
China Imports
February 2012
Costume Jewelry
December 2011
Bamboo Towels
November
2011
Bamboo Flooring
November 2011
China Economy
November 2011
Ivory
October 2011
Wigs
October
2011
Drop Ship
September 2011
Photography Equipment
September 2011
Medical Supplies
September
2011
Ginseng
August 2011
Acupuncture
August 2011
Chinese Tea
August 2011
Chinese Herbs
August
2011
Trade Leads
August 2011
China Adoption
July 2011
Gut Feel Versus Number Cruncher
Business Finances is an interest topic. In the small business community just like the corporate world, there are number crunchers who make decisions based on facts and there are those who rather make decisions based on gut feel.
Although both types of decision makers have been successful, trying to make gut feel decisions for an importing business can be challenging without knowing the facts. The inflows and outflows of cash can be a nightmare to keep track of.
The basic concepts represented here will help you become a smarter small business owner or operator whether you import from China or from any other country.
Business Finances
Business Start Up Costs
Prior to starting an importing business, you'll need to sit down and figure out what are all your your Business Start Up Costs. How much will it take for you to launch this small import business? This is critical because it will tell you how much funds to raise.
Price Import
After you make contact in China, you will need to calculate how much you are going
to charge or Price import to make a profit. What is the optional price point to
sell your import goods?
Gross Profit Margins
As your business begins to generate revenue, you need to understand what are your
Gross Profit Margins for your line of import from China goods. This is the money
left over when you subtract your costs from your sales. The ability of a small business
to profitably generate revenue is the key to long term survival. No matter how
much revenue is generated, if it is not done profitably, the small business can quickly
go out of business.
Business Break-
When your business grows even further, you will need to make decisions on the right
time to add equipment and other supplies. An analysis will let you know your point
of Business Break Even and assist in making these critical business decisions. It
determines how long it will take for your business to recoup the cost of the investment.
Business
Financial Budget
You will also need to control your business finances through the
creation of a Business Financial Budget either on an annual, biannual and or quarterly
basis. Similar to a personal budget, the Business Financial budget will allow you
set goals and monitor the progress of your business finances.
Learning these basic concepts will help you manage and grow your Business Finances. It will ensure that you will become successful in this exciting world of importing from China.
Business Finances -
