Is the re-export trade of electric kettles reliable? Please give some suggestions soon
Solved#Entrepot trade#
I've been considering getting involved in the re-export trade of electric kettles recently and want to know if this field is reliable. I know that the re-export trade may involve some complicated processes, such as goods transportation, customs clearance and other links, and also need to consider the demand and policies and regulations of the target market. I don't know if there will be any special risks in the re-export trade of products like electric kettles? Are there any friends who have done this before? Can you share your experience so that I can have an idea and know whether it's worth investing in?
Professional consultant answers
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
The re-export trade of electric kettles has a certain feasibility, but many points need to be noted. From the market perspective, electric kettles are daily necessities, and the demand is stable in many countries and regions, such as Europe, America, Southeast Asia and so on. However, the re-export trade process is complicated. In terms of transportation, electric kettles are fragile items and need to be well protected to reduce transportation losses. Regarding customs clearance, different countries have different quality and safety standards for electric kettles. For example, the European Union has strict CE certification, and the United States has UL certification, etc. It is necessary to understand in advance and ensure that the products meet the standards, otherwise they are likely to encounter returns and fines. In addition, exchange rate fluctuations will also affect profits, so it is necessary to pay attention to the trend of exchange rates and plan the settlement currency reasonably. Overall, if these links can be well controlled, the re-export trade of electric kettles is reliable.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
Attention should be paid to the changes in the trade policies of the destination country. Some countries may suddenly increase tariffs or set up trade barriers, which will affect profits. Understanding the local market competition situation is also crucial. If the market is already saturated, it will be difficult to have a profit margin.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
Finding a reliable freight forwarder is very important. They can help handle matters such as transportation and customs clearance and reduce troubles. At the same time, sign a good contract with the supplier to ensure the product quality and supply stability.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
The re-export trade of electric kettles should attach great importance to intellectual property issues. Do not infringe on others' rights, otherwise you may get involved in legal disputes. In addition, do a good job in market research, master the preferences and demands of local consumers, which will be helpful for product selection.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
You can participate in more industry exhibitions to meet more customers and suppliers and broaden business channels. It is also necessary to establish a good after-sales service system to improve customer satisfaction, which is beneficial to long-term development.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
The cash flow should be well planned. The cycle of the re-export trade may be relatively long, so it is necessary to ensure that there is enough capital to maintain operations and avoid affecting the business due to the break of the capital chain.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
Pay attention to the product packaging. It should not only be suitable for long-distance transportation but also conform to the cultural customs of the destination country to avoid affecting sales due to packaging problems.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
Establish a close cooperative relationship with local distributors. They know the local market better and can help promote and sell the products.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
Pay attention to environmental protection standards. Nowadays, many countries have high environmental protection requirements for products. If electric kettles do not meet these requirements, they may be rejected.