Is it safe for me to import Chinese stock?
Importing from China is risky unless you are confident that you can trust your supplier. Some Chinese suppliers will accept your payment but fail to deliver stock.
Furthermore, some Chinese vendors will not give you genuine goods; and if you purchase knock-off goods, you risk being sued because it is illegal to import them. However, if you can check to determine that the supplier will supply valid goods, then importing from China is perfectly safe. You must do your homework.
SaleHoo is my go-to resource for finding reliable Chinese suppliers. A supplier must go through a rigorous screening process before being added to their directory, demonstrating that they can be trusted and are genuine. There are also customer reviews, so you can choose to only do business with vendors that have passed SaleHoo’s test and have positive user feedback
Here are a few more suggestions for importing safely without SaleHoo.
- Deal only with manufacturers that have been in business for at least two years.
- Look at their history. Look for supplier feedback on the internet. If a supplier doesn’t have any ratings, don’t use them.
- Request samples and purchase small lots.
- If they have a website, look at the WHOIS information to see if it has been up for more than two years.
- Verify their physical location with resources like Google Places.