Difreight Blog How much money is needed to start a business with China?

How much money is needed to start a business with China?

How much money is needed to start a business with China?

More than 60–80% of light industry products in the Ukrainian market originate from China. There is much prejudice about the quality of Chinese products. But recently, Chinese manufacturers began to produce better quality products, so they look much better, are durable, and functional. Even if you have no experience with Chinese products, this is not a reason to abandon the idea of starting a business with China for resale.

Nowadays, the resale business of Chinese goods is trendy and profitable. In short, there are only three steps in resale business with Chinese goods:

  1. Find a cheap product.
  2. Ship it to our country.
  3. Sell the product with a reasonable markup.
Start of business with China difreight

What products are better to buy in China?

If you want to start a business with Chinese products, then consider the following products:

  • gadgets and electronics;
  • small household appliances;
  • clothes, shoes, and accessories;
  • household goods and various decor;
  • goods for animals;
  • goods for children;
  • furniture;
  • stationery items;
  • sports and outdoors.

How much money is needed to start a business with China?

Starting a business with China requires different initial investments depending on the type of business, whether retail or wholesale, and whether you have existing or possible customers.

When it comes to retail in Ukraine, we offer to start with a small number of products by purchasing them in small wholesale amounts, i.e., one type of product per box. Based on our professional experience, the initial budget for small wholesale (depending on the product price) should be approximately $1,000 - $2,000. This amount should cover the procurement, logistics, and additional costs associated with resale arrangements.

If we are discussing wholesale, it is important to determine whether it is small, medium, or large wholesale and whether you have a well-established sales channel. This will help us understand the volume of the first batch required. For a small wholesale, the entry budget is around $3000 - $4000, whereas for a medium wholesale, the budget ranges between $9,000-$10,000. However, please note that these are just estimates, and the final budget will depend on the product type and shipping process.

If you already have a clear idea about the product you need, all you have to do is find a trustworthy logistics company to arrange a reliable supplier, make the purchase, transfer money, and prepare cargo for a quick shipment from China to your destination country. And we are already the company you are looking for! Contact DiFreight, and we will provide comprehensive assistance to help you solve all your logistics challenges.

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