china
The earthquake tragedy in China is only the most recent example of how harmful disasters can be. Not only are they costly in human lives and sheer destruction but also in the number of businesses that will never open their doors to customers again. Disaster can occur on a smaller scale as well such as burglary, fires, hardware crashes and many more.
A White Paper produced by HP and SCORE reveals that about one-third of all respondents to a survey in the paper said they backup their data rarely, if at all. Most of the rest did it less than... Read more
Tags: advice, Business, china, disaster, earthquake, insurance, news, Rebecca Button, tips
No Comments »
Published April 28th, 2008
If you run a retail business, you may be very well aware of how the rising value of the Chinese Yuan is affecting your bottom line. Many products for sale on the U.S. retail market are purchased from China. It used to be that purchasing these items was always a great deal, because the U.S. dollar was strong while the Chinese Yuan was weak.
However, times have changed.
The Yuan has been creeping up over the past year and is continuing to gain strength, while the Dollar is struggling in the world market.
For retailers, the impact is crystal-clear. It... Read more
Tags: Accounting, china, economics, Finance, Finance and Accounting, Leeia Ladipoh, small business, yuan
No Comments »
Published February 8th, 2008
For businesses interested in importing products, attending a trade show in China is the best place to start. You’ll have the opportunity to visit thousands of booths - meeting with suppliers, seeing and testing products, and talking to other buyers. You’ll feel a lot more comfortable with the importing process after attending a show, and chances are you’ll be ready to place your first purchase order with a Chinese manufacturer or trading company. To help ensure that your trip to China is a success, here are some tips to help you prepare for the visit:
Create a product binder -... Read more
Tags: Carrie Hinkel, china, Doing Business Internationally, importing products, source, Trade Shows
No Comments »
Published December 31st, 2007
If you’ve been thinking about doing business with a Chinese company (perhaps importing their products), but are worried because of the seemingly endless stories of overseas scammers, then read on. Just like in the U.S., there are tons of scammers in China just waiting to take your money and run. However, it’s pretty easy to spot these fake businesses with just a minimal amount of research.
Never take your potential business partner’s word that they are an established company. Always verify them by checking several sources, including:
Chinese yellow pages listing - This is a good place to start. Most... Read more
Tags: advice, Carrie Hinkel, china, Doing Business Internationally, Product Sourcing, source, tips
No Comments »
Published December 20th, 2007
It’s easy to see why more and more business owners are showing an interest in importing, mainly from China. E-commerce is booming and all that competition means price wars, and importing goods in bulk allows companies to get big price breaks. Although, receiving those discounts means getting through the risks first.
As cynical as it may sound, the two biggest pieces of advice when importing are: trust no one and do your research! There have been too many horror stories of buyers losing money, getting fakes, damaged goods or never getting any shipment at all to think that something like... Read more
Tags: Carrie Hinkel, china, Doing Business Internationally, importing products, lowering risk, tips
No Comments »
Published November 19th, 2007
More U.S. companies are working with Chinese vendors because of the discounted price on a variety of products. Some of these business relationships will work out, and others will not. Just like when dealing with American companies, there are Chinese companies that are good, and others that are in the business of taking your money and giving you shoddy merchandise in return.
To ensure that the Chinese vendor you’re interested in doing business with is trustworthy and reputable, you need to do an extensive background check as well as some online research before you place an order or give them... Read more
Tags: Carrie Hinkel, china, Chinese Company Research Services, Doing Business Internationally, importing products, international outsourcing
No Comments »
Published October 16th, 2007
A lot of small businesses looking to source products are headed over to China, where a potential labor force of well over a billion people along with a low cost of living and general good enterprise means a lot of products available at low costs. Making trips to China are usually part of an exercise in due diligence; you need to make sure that the products you are going to be selling are of good quality.
Traveling abroad is fun, but it can also be nerve-wracking. When it comes to a product sourcing trip to China, you will have three... Read more
Tags: advice, china, Doing Business Internationally, Leeia Ladipoh, Product Sourcing, source, sourcing products, tips
No Comments »
Published September 19th, 2007
It is no secret that today China has been branded as the worlds "electronics factory" due to the ever increasing technological advances and brand popularity gained in the consumer electronics niche. Having said that, it has become the largest producer and supplier of consumer electronics products in the world. Chinese consumer electronics products are becoming increasingly popular not only because of the great deals that they offer but also because of the quality of products and services that they provide. Many satisfied customers from around the world can agree to the exceptional quality of services that Chinese suppliers provide.
The... Read more
Tags: advice, alibaba.com, BestDealsMarket, china, Doing Business Internationally, electronics, ezinearticles.com, Product Sourcing, source, Stephen Alfred, tips, wholesale
No Comments »
Published September 14th, 2007
If you have ever considered doing business with Chinese companies, it’s important to know a little bit about the country before you dive in headfirst. What are the business practices in China, and how does culture affect business interactions?
Doing Business
Most companies start doing business with China in order to source products at cheaper prices. Experts agree that this is the safest way to get started. Businesses from across the globe have saved billions of dollars in cheaper parts by taking advantage of what China has to offer. This has been going on since the mid 1990s, and continues... Read more
Tags: china, culture, Doing Business Internationally, International Market, international payment
No Comments »
Such a tremendous growth in manufacturing and production in China has been heavily influenced by the rapid development of major industrial centres and cities, such as Beijing and Shanghai. Many traders believe that to make a quick dollar all you have to do is go to China and find the manufacturers of a well-known designer brands, asking them to produce an extra run for you. While this may be a good approach, you have to be very careful of which suppliers you are dealing with. There is also a so-called ‘dark side of the moon’. You may find it extremely... Read more
Tags: advice, china, Doing Business Internationally, ezinearticles.com, john kovanski, manufacturers, overseas product sourcing, Product Sourcing, profit-k.com, small business, source, suppliers, tips
No Comments »
