A fascinating and sought-after industry in entrepreneurship is wholesale watches from China. But this area is distinguished by both ease and difficulty. Lightness is determined by knowledge of consumer goods and an additional cost, because even a schoolboy is a little knowledgeable about watches, and an adult realizes that these products accentuate prestige.
Chinese watches
If you pay due attention to detail, then wholesale watches from China is a difficult and competitive type of business. He is able to generate income, but also bring damnification, in particular to entrepreneurs who are trying to somehow slip in and extract income, not understanding the features of the formation of entrepreneurial activity.
It is important to realize that the main component of each watch model is the mechanism. In China, during the assembly of watches, they use their own mechanism, as well as mechanisms from Japan and Switzerland imported through Hong Kong. In addition, if a businessman acquires “thin” models, then the mechanism of such products will be made exclusively according to Japanese or Swiss standards, and the device of “thick” models is more likely to be made by Chinese standards, and the price is the thickness of the devices, by the way.
Profitability Features
First of all, the factors of the profitability of watches in bulk from China, which affect the formation of prices, are as follows:
- Marginality of a unit of goods.
- The opportunity to make your own brand of watches and increase the additional price.
- Corporate customers purchasing watches in large quantities for advertising or as a gift.
Entrepreneurs considering wholesale watches from China reflect on easy speculation of existing brands on the domestic market and at the same time lose the chance to get profitability of such a business.
Supplies
There are some details of making Chinese watches. It is important to realize that each model consists of 3 main components:
- Mechanism.
- Case and glass.
- Packaging and straps.
At first glance, everything seems easy: an order is placed or a businessman personally goes to purchase. That is how the overwhelming majority of entrepreneurs who want to establish a watch business in bulk from China think, but this is the first oversight leading to risks and subsequent dunfication.
Manufacturer's Search Guidelines
The entrepreneur will not find a manufacturer that produces "everything." Ideally, there is an assembly plant, and most often there is an “intermediary with an intermediary”, which is generally a classic Chinese business. It is important to understand that manufacturing itself is divided into a huge number of enterprises: not one of them manufactures all spare parts and does not carry out 100% production.
In order to find a reliable contractor of watches from China in bulk to Moscow, you will need to study the market, travel around a dozen enterprises, some of which are not suitable for the entrepreneur, but to visit them, you need to make efforts and act.
Why it is important to understand the cost
This is necessary in order to successfully bargain with wholesale watch contractors from China and determine the prospects for their activities. But this again hides the oversight. The fact is that it is not possible to find out the cost price. A watch is a difficult device that consists of a huge number of components. Manufacturers from China optimize the assembly, naturally, within the limits of their own benefit.
An entrepreneur can inspect originals and replicas of watches in bulk from China, which at first glance are identical, but in the end they are different models with a different cost and quality, which, accordingly, affects the subsequent sale and reputation of a businessman. Therefore, it is important to remember this and remember during discussions about partnership.
Procurement process
A typical procedure for purchasing smart watches in bulk from China and any other looks like this. The client is determined with straps, packaging and other nuances, after which he gives the order to the company that performs it, and of course, you need to find products and remember to check the quality. In addition, it is important to pay attention to the fact that the components of the devices are manufactured at different enterprises.
Naturally, each spare part has its own features that affect both quality and price, however, by design this is unrealistic to determine. For example, there are enterprises that manufacture only dials, and some are engaged only in the production of cases of various types. There are also factories that produce glass, lids responsible for water resistance, and so on.
How to make your own brand
Managing your own watch brand is authoritative and fashionable. Watches are constantly attributed to the solidity and sophistication of the human taste. Therefore, if a novice businessman thinks which industry to choose, then the manufacture of watches is an exciting field. Another plus is that people will constantly buy watches and in reality a businessman has the opportunity to promote a domestic brand or trademark registered in another state.
Features and recommendations for production
- To a lesser extent, 20 models for men and women need to be developed.
- It is better to open production from five hundred units of each product.
- Chinese cost an average of $ 2-100. Of course, it is possible to make them at a lower price, but in such a situation it will be more difficult to monitor quality.
- When creating your own brand in China, for each element of the watch you need to make a personalized logo and box design.
Issue price
Approximate starting capital for entering the watch market during the purchase:
- The number of models is 40.
- Lot for 1 model - 500.
- The number of finished devices - 2000.
- The cost price is $ 2-200.
Based on this, it will take about 4-200 thousand dollars. Of course, the variation in cost is impressive, but the variation in quality is also great. But then it’s a personal collection of products that promotes its own business and organization, so there is no need to tell consumers that this collection is Chinese.
Approximate profitability in the watch business from China will be at least 250 percent, at most - 800. It’s intriguing, isn't it?
Summary
The watch market has been improving for a long time and it has its own trends, demand and supply, therefore, there are new products. Regarding these issues, in the process of forming a trademark, a businessman will be obliged to inform and acquaint him with analytics. But this data needs certainty on the part of the entrepreneur.
If a businessman is interested in such a direction, then experts recommend finding an organization that will advise on some details, help find a reliable supplier and organize a trip to China with the aim of "walking" through the factories.