The valve model is complicated, and any error in details will easily bring you serious economic losses. Especially in international trade, although the price is cheap, the waiting time for re-ordering after buying the wrong valve is too long. In order to avoid losses, you must know 5 tips when purchasing valves!
Here’s what you need to know:
- Identify the most accurate valve type.
- Avoid being ripped off at a price.
- The process of importing valves from China.
- Use Chinese thinking against your suppliers.
1. Confirm the most accurate valve type.
Though the wholesale product gets a low price, it costs time while reducing the cost of money. Normal foreign trade logistics time according to the distance to the country, 3-35 days is normal. But if the wrong valve model is. Long wait will not get a good result, this is a really bad thing. The way to stop this is to identify the most accurate valve type.
2. How to select the valve?
Whether you are not a professional purchase valve, whether a headache valve selection. What kind of valve do I need to buy? Which valve fits my equipment? Here are five factors to consider when purchasing a valve:
- The use of the valve: purpose, temperature, medium, pressure, whether corrosive, etc.
- Valve material: stainless steel, brass, PVC, cast steel, cast iron and so on.
- Valve connection: flange, welding, clamping, silk port, buckle, ferrule movement.
- Valve pressure: common PN10, PN16, PN64 and so on. According to the use of occasion pressure.
- Valve drive type: pneumatic, electric, manual.
If you still find it difficult to judge the data, there is a good way to do it. Throw the data at your suppliers and they will try to find the right valve for you.
3. Influence factors of the valve price
I know that many friends from China have imported valves because China’s valve prices are affordable. The valve prices in your area maybe 2 to 3 times higher than the same products in China, and some even higher. This means that the export profits of Chinese valves are lower, and some sales staff will raise the price to a higher range than the equivalent Chinese suppliers to increase profits. To identify the price level, here is a list of price levels affected by various factors:
- Material (other things being equal): stainless steel > cast steel > cast iron > brass > PVC.
- Pressure (all other things being equal): high pressure is usually more expensive than low pressure.
- Actuator type (other things being equal): electric valve > pneumatic valve > manual valve.
4. The process of importing valves from China
- First, you need to choose the right valve manufacturer. You can find many of them on Google, Amazon, or resources. You don’t need many suppliers, just the most reliable. By researching the supplier’s company, products, and reputation. Determine which Chinese valve supplier can provide you with what you want. Don’t forget to check their websites, social media presence, and other activities. Finally, choose the best valve manufacturer for your business.
- Confirm the product. If you don’t know how to choose the product, you should be aware of the first suggestion in this article. You can actively ask for discounts from suppliers and check product images.
- Confirm the shipping method and cost. After confirming the product, inform the supplier of your delivery address. They will select the most appropriate shipping method for you. Sometimes you may be faced with a common problem: transportation costs close to the cost of goods or even more than the cost of goods. This is the normal import valve, get low-cost valves but also bear higher logistics costs, so, try to reduce the cost of your goods to subsidize your logistics costs.
- Verify information and send your exact receiving address to your supplier. This information should include the recipient’s name, contact information, receiving address, zip code, etc.
- Issue a pro forma invoice. After both parties have confirmed the above information. The supplier will prepare the pro forma invoice and send it to you for approval and signature.
- After signing the proforma invoice, transfer the payment to the supplier’s account through your negotiation. If the payment is large, you can negotiate with the supplier to pay part of the deposit in advance for safety. Wait until the supplier notifies you that the goods are ready for shipment before paying the full balance. Foreign currency payment methods are usually T/T, L/C, D/P, D/A, O/A, Western Union, Paypal, and Money Gram. You can choose your convenient payment method for payment. Remember to inform the supplier after payment and send the payment certificate.
- Customs declaration. This is the global general tradition, so the valve import is no exception. This procedure depends on your country or region and sometimes your location.
- Taxes. You will need to determine the exact amount of VAT or other import duties you will pay for the product. This can vary from country to country. Even within the same country, the use of different HS codes implies different import duties. Therefore, it is best to consult some experienced colleagues or agents to find the most appropriate HS code to enjoy preferential import tariffs. Steps 7 and 8 depend on the mode of transport chosen by the supplier, and some forwarders cover both.
- Receive the goods, and confirm whether the goods are damaged or complete, such as goods sent to the wrong, missing, etc. As soon as possible to your supplier response, good suppliers will give you satisfactory after-sales service.
5. Use a Chinese mindset with your suppliers
For foreign trade, cross-border exchanges have become a very important part of the purchase process. Chinese suppliers will rack up their brains to increase the price of goods to make profits. You may ask: I just buy goods, why should I pay attention to the thinking of suppliers? Please intend, suppliers as a seller will be very thorough research your thinking to avoid losses in the purchase. The following are a few small suggestions for you:
- You can buy a few samples before buying a large order. Provided that you have enough waiting time. Because the time for cross-country transportation is longer. If you need it very urgently, you can buy enough quantity of goods for an emergency. If the product is suitable, then increase the purchase.
- If you don’t trust your supplier very much, you can offer to pay a deposit when you pay. Generally, the supplier will agree to pay at least a 30% deposit, the remaining amount will be paid when the goods have been prepared and can be shipped.
- Price is an important component of trade. One thing you should know before haggling is that no businessman will allow himself to lose money. At the same time you want to cut the price, the supplier is also racking their brains to make you more deals. If you are a long-term partner, congratulations, you have the initiative to negotiate the price. As long as you are not negotiating at a very outrageous price, you can generally get a deal at a lower price than your peers. Of course, if you just need fewer products, we can start from the supplier’s psychology. First proposed an impossibly low price to test the supplier’s price floor. If he re-quotes you, then the price is likely to be the lowest price the supplier can accept. If the supplier really can not accept, once again, you can offer a reasonable price acceptable to you. If the supplier really can not accept, once again, you can offer a reasonable price acceptable to a reasonable supplier. The second price will be more acceptable to the supplier if the first price is excessively low.
DKV, as a professional company in the integrated supply of pipelines, has accumulated more than 40 years of experience in the valve industry. We have seen large and small foreign trade import problems. In order to give you the best consumption experience, we specially compiled this information. Hope to help you avoid loss.
