If you have ever ordered a package, chances are you have seen a packing slip. Typically, you will see it either in a pouching attached to the outside of your package or tucked down inside the package. There are a variety of names for the packing slip: waybill, packing list or shipping list – all mean the same thing.
There is one thing that is inevitable – time. There is nothing that will stop time. For your business, time is absolutely necessary. After all, you will never have enough time for your business.
You have finally come up with a new product. Years of hard work and investment have paid off. You made the necessary arrangements and are ready to find an appropriate manufacturer to build your products.
While it is understandable you want to jump right into manufacturing, doing so is not a wise decision. You need to take the time and effort to protect your property and hard work. You will need an NDA, Non-Disclosure Agreement. Failing to do so will compromise your hard work.
You have taken all of the steps in finding appropriate products to source from China, contacted Sourcing Nova and have made preliminary arrangements with a purchase order. The first thing necessary is to secure a pro-forma invoice, PI. This is an invoice that will describe your product details and the necessary pricing information that goes with it. The PI can also double as a sales contract, and this is a common occurance with Chinese manufacturers. They do not, as a general rule, send sales contracts. As long as you have detailed the information necessary about your products, you will be set with your first order.
You have so far used all of the suggestions learned from the pieces available here on Sourcing Nova. It is time to purchase your products. Great! However –
Look at almost any product you may have in the home. By federal law, the origin of manufacturer must be on the product in some way.
You will likely find the products is made in China.
Sourcing Nova previously provided you with an in-depth look at AliExpress and in that piece, mentioned its parent company Alibaba. It is now time to turn to Alibaba and make a determination about the site – Is Alibaba legit?
There is no doubt Amazon has made drastic changes in the world of online shopping. Its launch of FBA, Fulfilled By Amazon, only increased the company’s solid stance as a leader in the field. As the site continues to grow with more and more independent business owners breaking into various niches, FBA is fast becoming the preferred way to ship products.
If you have made the decision to start a small online business selling products, then you need to read this piece. Sourcing Nova has worked hard to provide you with plenty of information that you need before starting sourcing products from Chinese manufacturers and the manufacturing process.
No matter what products you will order from China, there will be taxes to pay. There are several fees and taxes to be paid: import duties, customs fees and clearance documents. Even in the face of these, you can still buy and sell products sourced from China with a very good profit margin. There are all sorts of different tariffs to consider depending on the products or commodities you import. Sourcing Nova has been dealing with all of these for some time. This piece will explain all of the import taxes you will face as well as some other issues, such as highly unscrupulous ideas. (Hint: No.)