Where to buy the Korean cosmetics
When you buy products to sell Korean cosmetics, you will be able to buy them on three main types of channels.
1. Cosmetics brand headquarters
The first is the cosmetics brand headquarters. In general, it is difficult to access easily because the minimum order amount is tens of millions of won (about tens of thousands of dollars).
2. wholesale exporters of cosmetics in Korea
The second is cosmetics wholesale exporters in Korea. They get cosmetics from the brand’s headquarters and export them around the world.
Wholesale exporters also vary the minimum order amount according to their policies and apply various supply rates according to the order size.
3. Local wholesaler
The third is the local wholesaler of each country. They have finished overseas delivery and local customs clearance of cosmetics procured from brand headquarters or wholesale cosmetics exporters in Korea, and are selling their products directly at local warehouses.
Most of the transactions will be done with “2. wholesale exporters of cosmetics in Korea”.
Wholesale order Procedure
Since transactions with “2. wholesale exporters of cosmetics in Korea” have a high proportion, I will write down only the transaction process with “No. 2” in this article.
- Write an order list and send it to the supplier.
- Get the latest order list from the supplier before ordering.
- Before sending the order, agree on the supply rate with the supplier.
- The supplier send you an invoice.
- You send 50% down payment to the supplier.
- Most of the payment currency is in Korean money, and USD is also used as payment currency if there is a mutual agreement.
- The supplier prepare your cosmetics according to your order list.
- If the order amount is large, the product will be ready quickly. The lead time is inversely proportional to the order amount.
- After cosmetics are ready, the supplier will request the balance payment by confirmed invoice.
- Confirmed invoice includes shipping fee because the packaging is complete.
- After balance payment, the cosmetics will be shipped in a pre-agreed delivery method.
The above procedure is a basic procedure adopted by Korean cosmetics wholesalers.
The wholesale order procedure may change little by little depending on the order size and frequency, so please refer to the above procedure.
If you have any additional questions, please contact me in reply.
Thank you.
written by Eric Oppa