The name Cross Border E-commerce is pretty self-explanatory. It means making products available to customers belonging to different parts of the world and also selling your goods on the international market. One country that is known for its prowess in making amazing and versatile products at an affordable price is China. However, not many countries allow the trade of Chinese markets in their national marketplace or through online portals. Talking of the disadvantages of this situation, from the customer's point of view, they are deprived of a lot of quality Chinese merchandise which literally translates to a very limited amount of choice. This puts them at a disadvantage to other countries where Chinese trade is allowed. Again from the seller's point of view, if you are a specialist in online stores, the number of products at your disposal for sale also gets limited, especially if you have a lot of investment and stock at stake. There are some China sourcing agents though who have the capability of signing you up for Chinese sellers that will allow you to endorse their products on your online marketplace officially.
There are consultancy services that will figure out a way of doing that and also help you in making appropriate changes. Another important aspect that is kept in mind is the logistics and the different modes of payments which will be figured out as well. One obvious advantage of reaping the benefits of this scheme is that you will have millions of extra products to endorse, giving a lot of choice to the consumer in the process. Imagine the statistical and the sales advantage you will have over your competitors, especially in a market that is slowly getting saturated and online stores cropping up by the minute. Moreover, there is no denying the fact that Chinese products have a considerable quality, especially when compared to the price that they sell it for. Therefore, engaging in Cross Border E-commerce and opening doors for the China sourcing agent is definitely a good idea if you want your market to boom.
Steps taken to incorporate Chinese products in an online portal
For convenience sake, Amazon, one of the primary and most sought after the online portal is being held as the example here. Details of the steps taken to endorse the products in Amazon India includes:
- Use the model of the service provider to open an account in Amazon India.
- Put up the picture and description of a product in a catalog format.
- Enter all the other information as demanded by Amazon.
- Fix on a conducive selling price for the products, taking into account the cost price, shipping, and other taxes, import duty, and margins, different types of service charges etcetera.
- Once everything is ready, prepare to ship the FBA to India.
- The settlement of the import duties and the storage of the products take place by the agencies.
- Once the goods reach the warehouse, you can start selling them through the portal.
For an online marketing business to do really well, it is important that they include the Chinese market in their trade as there are very few products that can boast of both quality and cheap prices.