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Promotional Gifts - Ultimate Business StrategyThe four important components of marketing are: product, price, place and promotion. Promotion is the communication with clients or customers using advertising (print, T.V, etc), public relations, point of sale and word of mouth. To make your business successful or to derive expected business profits, you need to focus on these 4 P's. The fierce competition in the market doesn't give much scope to play with product, price and place. Every company more or less is on same ground on these. The fourth P i.e. promotion provides the cutting edge to the company. That's why companies use astronomical amounts of money to promote their products and services aggressively. In promotional campaigns, promotional gifts play an important role. So much so that it is often referred to as an ultimate strategy in promoting businesses. Why distributing promotional gifts is an ultimate business strategy? Experts online believe that promotional products are an ultimate business strategy becau
The Strategies of Bargaining in China - Tips for Successful BusinessA popular saying goes around in China, "Everything in China is negotiable." Shopping, selling and buying seem like games that are played between buyers and sellers on the street stores, vendors or in the wholesale markets. However, as a rule of thumb, don't bargain at large department stores, corporate chains as the prices are fixed, and the sales persons don't have the right to modify them. In the market, everyone is out there to make money, and you have to learn the rules so as not to get something that would throw you into deep regret. 1. Opening with some basic Chinese sentences. Don't worry that it would throw you into a headache Chinese conversation. A few opening up sentences like Ni hao(Hello), Duo shao qian(How much) can put a smile on the face of the sales person and cultivate the relationship. 2. Bring a calculator with you if your Chinese is not effluent enough to carry out a conversation. Do not always think that you can c
Tips to Buy Wholesale from ChinaChina is now recognized as the world's factory. Many people from all over the world as well as businesses source their products from China wholesale market and get good margins. The new strategy of retailers all over the world is to buy wholesale from China and sell it in the local markets to enjoy higher profits. China- A Global Market China now manufactures different types of products, starting from simple pins to high-tech electronics. The easy availability of cheap workforce and technological expertise make China manufacturers capable of producing cheap goods. The globalization as well as liberalization policies initiated by different countries have made it far easier to import and export goods to anywhere. The world has now turned out to be one single global market and China is leading this league. In majority of the manufacturing sectors, China is a volume producer now, far outweighing the other nations. Initially, people viewed this wholesale manufacturing move o
Importance Of Having A Good Interpreter in Shenzhen and GuangzhouThese sectors attract massive volumes of foreign trade which is evident from the fact that Shenzhen's GDP in midst of global recession in 2009 was 820.1 billion USD while Guangzhou had a GDP of $133.5 billion USD. Even in the era of recession, Shenzhen and Guangzhou maintained China's pinnacle position in the electronics market; in fact due to the incentives it offers to foreign businesses in terms of quality and price, they actually helped push China higher on the apex. Be it an industrialist in USA or a electronic parts retailer in Southern Asia, both deem importing from China to be extremely lucrative and two destinations which surely make on the list of business trip to China are Shenzhen and Guangzhou. Shenzhen being home to giants in the Cellular Industry, such as Huawei, ZTE and G Five makes it a must visit. The prestigious Hon Hai group which trades as Foxconn also has its office in the region. The importance of visiting Guangzhou is du
How to Find a Supplier in ChinaSuppose you come up with a product idea or think you have market channels for certain products, and you want to find a supplier in China because of the low product development cost and low production cost there. If you Google the product name or concept, you will find tons of China suppliers/manufacturers. However, you still think you have not got one, because you want to find a capable and reliable one that would satisfy your specific needs and have a strong desire to do business with you. Many people get frustrated because they have been communicating with suppliers in China for months, but fail to move forward. The reason, most likely, is that they did not find the suitable one at the beginning. To successfully find a suitable China supplier, you need a strategy. This strategy will consist of awareness, knowledge and a good amount of homework. Below are some practical steps to find a suitable Chinese supplier for you. Step