Lessons From Business in China

Authentic Chinese collectibles come from afar. They are carefully made by skilled artisans in the Far East, where all things begin. To appreciate the important work of the American importer of Oriental collections, it is helpful to be made aware of the challenge of doing business in the Middle Kingdom today. There has been much written about China in recent years. The stories of unlimited business opportunities are definitely over stated. China is a very unique country in comparison with the United States of America. However, there certainly are lucrative opportunities in China for the person who can use them prudently. In order for a person or company to take advantage of these opportunities, he or she will need to hurdle a gauntlet of obstacles first. More often than not, the typical American business person will not be prepared to do this.

Americans have been extremely enthusiastic about China within the past twenty years. This is likely due to the government’s eager thirst for foreign capital and technology. There is also 1.3 billion consumers in China. Therefore, thousands of American and other foreign firms have raced into the Chinese market. Unfortunately, many of them have not properly investigated the market situation over there. Without adequate preparation or expert advice, these companies and/or individuals have frequently entered into foolish business deals. The result of this is always lost time, lost opportunity, and lost money.

China has many advantages in manufacturing. The transportation and public-utilities infrastructure needed for manufacturing is being constructed very rapidly. Plus, the rate of literacy in China is higher than ever before. The government itself is friendly toward foreigners, especially American ones. It is a fact that China is the best manufacturing outsource destination in the world. It has become the leading producing nation as well. The costs of production for most products are quite lower than they are anywhere else. In addition, China’s vast labor pool costs a fraction of what America’s does. The ratio is actually about one-ninth!

Taxes in China are much less than they are in the United States. When a company or individual tries to do business in America, they are barraged with a number of hidden taxes on the federal, state, and local levels. However, the situation for business is very different in China. There is no sales tax. There is no gas tax. There is no utility tax. Corporate income taxes are much less in China. In some instances, with the application of tax credits for exportation, income taxes in China virtually vanish.

Despite these encouraging facts, the number one reason why it is so difficult to successfully manage a business venture in China is the problem of language and communication. In China the American business person will experience a strange environment with inadequate communication skills. There are a few places to find the right kind of help, and most will be without key contacts and friends. No doubt many people have heard stories about business people succeeding in China. Many of these amazing stories are true. However, many more people have failed and very few people ever succeed on the first attempt.

For these reasons, it pays to properly prepare before any one may attempt a business venture in China. The first hurdle is the language. Since Mandarin is the primary business language of the country, it would be necessary to have the best translator available. When one has the best contacts for the Chinese market, the possibility of success is far greater. Having a plan in place to deal with the many problems is foundational for the success of any foreign business coming in to China.

The important truths can help the Chinese American person appreciate the asset which a good importer brings. It takes years to establish reliable contacts in China. Authentic collections and other fine products are readily available to the business person who understands how to do business in China. An uninformed person can pay a lot of money directly to a company in China and still not get a truly fine piece of artwork. The art, culture, and products of China are on sale to the world today…. but it is always best to know who you are doing business with if you decide to buy directly from China. For this reason, a reliable importer is usually the safest and best option.

Best Web Business to Start – 3 Quickest Money Making Ideas

Since the job market is extremely competitive right now, a lot of people are looking to start their own business. This is an extremely good idea, since a business provides the owner with unlimited earning opportunities. The potential earnings stop only when the businessperson decides to put a cap to it. The only down side to starting a business is that most require a huge amount of money for capital, as well as a lot of time before one can start collecting returns. This is true for most businesses, unless you know which best web business to start.

You can take a lot of time sifting through ideas in order to find the best web business to start, but below are three of the best ideas that would require only a small amount as a capital and a short period of time before the earnings begin pouring in:

1) Webpreneur – This new term was introduced when people started recognizing the internet as a potential income generating tool. A lot of the businesses online work this way – the website is set up, then affiliate programs are added, and then traffic is generated. It is not an easy task though, and a lot of people who enter this type of business without the proper planning find out too late that they aren’t earning enough. To succeed in this business, you should have a unique item or idea to offer the world, as well as a network that could help you generate traffic to your website. Once the website starts to earn though, then you can just maintain the site and watch the money come in.

2) eBay – Yes, this is a website. However, it is a website that people have a lot of confidence in, and therefore has a huge amount of people surfing it every day. eBay is a site that allows people to buy and sell online through a bidding scheme. With this said, you can go around garage sales looking for junk that people would be willing to give up money for. A lot of online businesses use e-Bay as their main tool for income generation, and you can do this too!

3) Secretarial services – There are a lot of companies that have paperwork that need to be done, but not enough time or funds to hire a full time worker. If you have an internet connection at home, you can put it to good use by advertising your availability. With a word processor and an e-mail address, you can start taking in jobs that would require you to either type documents, transcribe conversations, or proofread articles. This may be paid on a per-job basis though, so be prepared to work a lot in order to build a trusting customer base.

There are so many ways to generate money online. With your preferences in mind, choose the best web business to start and go at it with gusto! After a while you will notice that you don’t even need a day job because the income you get online will be more than sufficient to pay for your needs.