Sourcing from China: What Products To Buy In Q1by Yamini Rai Consultant
During Christmas, consumers spend a lot of money buying gifts, food, traveling, and charity donations. All this will affect their spending in the coming year, making the first quarter of the year a dreadful time for businesses. As a result, most sellers assume that people will not buy anything between January and March. This will also affect businesses that source products from China, considering the spring holiday causes logistical disruption. However, we have put together a piece that guides businesses on the type of products to purchase and prepare for the New Year's profits.
How to Select Products to Purchase in Q1
To effectively pick the right products for the year's first quarter, you must consider customer behaviors.
New Year Resolutions
At the start of every year, people always set goals to try and improve themselves. During this time, most people spend a lot of money aiming to achieve their goals. It is also when most people want to get in shape and exercise more. Therefore some of the products to buy at this time when sourcing from China;
· Gym equipment
· Cycling equipment
You can also include dieting equipment like;
· Beauty products
· Kitchen equipment
Winter is full of sporting activities like snowboarding, skiing, etc. At this time, it is better to consider purchasing items through sourcing from China;
· Sky glasses
· Skating products
· Professional winter hats and gloves
Nothing speaks romance like Valentine’s Day, when couples come together to cement their love and affection for each other. This is also a great time for businesses selling gifts. In your inventory that you are sourcing from China, you can include;
· Stuffed animals
· Pastry tools
· Decoration flowers
Adults and kids love Halloween and carnivals, two of the yearly events that bring the masses together. There are always public festivals, parades, street parties, and many entertainment activities. You will notice that this is the time when people dress as fairytale heroes or movie characters. This is the best time to buy;
· Elegant gloves
International Women’s Day
International Women's Day is a time for the world to honor women socially, economically, culturally, and politically. You should consider sourcing mimosa flowers, gift cards, and jewelry on this day.
Saint Patrick’s Day
On this day, people worldwide come together to celebrate Ireland's patron saint St. Patrick on March 17th. Irish immigrants brought St. Patrick's Day to America as one of the biggest secular celebrations of Irish culture. Although the holiday is not recognized in the United States, it is still an honorable day among the Irish and Irish-Americans in the country. This is the best day to sell green items like;
· Green suits
· Green Dresses
· Green top hats
· Green shirts
· Green cups
· Clover mementos
Preparing for Q1 and the Chinese New Year
To tap into the Q1 sales opportunity by sourcing from China, you must prepare in advance and request a quotation. During that time, the Chinese New Year could disrupt supply chains considering China accounts for over 28.8 percent of global manufacturing output. After deciding on the products you want, contact your supply chain coordination team to deliver on time.
Created on Sep 30th 2022 22:54. Viewed 104 times.