Important Things You Should Know About Business in China

Greetings to All Blog Readers,

Meet - Kai (China sourcing agent based in Shenzhen).

He is also the founder of Company China SourceLink which provides sourcing, translation, logistics, and business solutions to those who are interested in doing their business in China.

China Registry or China Company Registry is known as the process of incorporating your business in China, to form a legal entity so you can start doing business in China.

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One of the most convenient methods of running a business efficiently is the use of a sourcing agent. In fact, there are many companies all over the world that rely on this type of agent. This is because hiring them can provide a lot of advantages to you and your business. Now, continue reading for more information.

One of the best advantages of hiring this type of agent is the fact that it can lower the company's expenses since the products are bought from low cost nations, including China, India, and Vietnam. An agent takes different roles and responsibilities. He or she must visit the factory in order to make sure that your company is getting the best possible quality, terms, and price. A reliable agent must be able to negotiate with the factory to get the best terms and price. He or she must be able to handle any details that might occur at the factory. A good sourcing agent is someone who knows the importance of project management. Also, it is his or her responsibility to visit and check the facilities at the factory and ensure they have the required certification to operate.

Currently, China is head and shoulders above the most prominent world economic players including the Unites States and Germany. Its economy has seemingly emerged unscathed in the recent world economic melt down although most European economies are not out of the woods yet. Analysts have indicated that the Chinese middle class are willing to spend more thanks to the increase in amount of their disposable income. The demand for goods and services from foreign countries has therefore gone up.

One thing that distinguishes a Chinese business person with those from other parts of the world is the close connection between their culture and business. Their business etiquette borrows heavily from their age old traditions. Learning their culture and respecting it is a sure of increasing the trust between you and your Chinese business partner.

Make the other person lose face. This is a cardinal sin. Keeping Face or Gei MianZi - Letting the other keep face (giving due respect) is a very important concept in China. You must show the other person appropriate respect according to rank and seniority. For example, if you are buying gifts for an initial business contact, make sure you buy better gifts for the senior managers instead of buying similar gifts for everyone. To shout at a Chinese person in public, to reprimand them in front of their peers or to raise one's voice when exasperated will cause both parties to lose face. Remember always to refuse invitations if you have to indirectly. It is impolite to refuse invitation directly.

Never hand out your business card or receive the other person's card carelessly or with one hand. When giving out name cards or brochures, make sure you start with the most senior person before moving down the line. When giving out a name card or receiving one, ensure that you are stretching out with both hands with the card. Remember to face the card you are giving out so that the receiving party gets it facing him/her correctly and can read at a glance.

Best Things You Should Know About Sourcing Agent

Hello Blog Readers,

Before I start my discussions on this TOPIC, Let me Introduce - Kai who started to work as an independent China Sourcing Agent and interpreter in Shenzhen few years ago.

He also founder of China SourceLink [China Trading Company]. Their main part of service is sourcing and logistics service. They help you to identify the qualified wholesalers, manufacturers, and factories for targeted merchandise with a desire price.

Moreover, they will be able to find the right factories or R&D engineering teams for prototyping or original design manufacturing(ODM).

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If you are planning to purchase goods overseas for a bricks-and-mortar or online business, it might benefit to use the services of the sourcing agent. The sourcing agent can act as a trusted middleman who makes it easier to invest in stock that hasn't been seen in person, as well as to help with business manufacturing. Here are five of the benefits of outsourcing aspects of quality control:

There is a saying that businesses are built based on morality and reliability. So, make sure that the sourcing agent you choose has a high level of reliability and morality. They should not have a record of cheating their clients. In other words, you may want to look for an agent who is honest.

The agent should behave well and try his level best to protect the interests of buyers. Some agents ask for commissions from the buyer as well as the seller, which is not a good practice. So, you may want to be careful. If you want to be on the safe side, we suggest that you work with a sourcing company.

An excellent sourcing agent should spare no efforts in tirelessly searching and talking to the optional suppliers instead of stopping the efforts too early before finding out the best choices. Careful research should be carried out on the official registration details, business type, year of establishment, production capacity, engineering capability and technical standards to ensure the required products can be made with ideal standard and quality. Additionally, once a supplier is chosen by the buyer, a good sourcing agent should take the time to go to the factory in person to check the assembly lines, warehouse, quality control standards, etc and provide the latest information and analysis to the buyer with photos, meeting minutes, written reports for the client's evaluation and decision-making.

Being a sourcing agent, the professional should be able to deal with international issues, such as certificate issues, quota issues, tax issues, anti-dumping issues, just to name a few. For instance, if you want to export beef, you will have to ensure that your product has a label and rating from the target country. The target country may reject your product it is not labeled properly. This is true especially if you are going to export your beef to a Muslim country.

An agent who is a pioneer in the business would be able to tap multiple sources and bring in numerous quotations from various organizations across the nations to choose from and thereby offer excellent quality of services. However, one needs to be careful not to blindly trust the sourcing agents as they might be referring a particular organization with which they might possibly have tie-ups and work for their personal benefits.

In the first place, sourcing agents or representatives usually work in a smaller team or simply work alone, while trading companies work in bigger offices with multiple departments. The result is the expenditures burdened by the latter are much heavier. However, a bigger reason is the conflict of interests between the trader and the buyer, the trader will never share the manufacturer's information (contact, original price) with the buyers for fear that the buyer could skip the trader and deal directly with the original supplier, in all cases, the trader strikes a deal with the buyers at a hidden and highest margin, while the sourcing agent works for the buyer at a clear-set service fees. Coupled with the expense factor, the price the buyer could get from a trader is much higher than the fees he needs to pay a sourcing agent.

Things You Should Know About Business Loans

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Business loans refer to the transfer of funds from a lender, usually a financial institution, to a borrower. In this case, the borrowers are businesses and the financial institutions are banks. The interest to be paid and the schedule of repayment are decided by the bankers and the borrower agrees to those terms. Lenders may offer unsecured or secured loans. Secured loans require collateral, which are generally personal assets, such as the home of the borrower. However, when talking about business loans, collateral is something owned by the business - machinery, real estate,

Money makes the business world go round. Obtaining a stable and flowing financial source is a major factor whether you are planning on a new business or growing an existing one. There are a lot of new entrepreneurs who are daunted by the task of getting a loan and don't even know where to begin. Here is a practical guide on how to prepare yourself and your business idea as you apply and successfully get a business loan.

There are many reasons for businesses to get a loan. Some may require additional funds for the expansion of the business, or offering additional services, while others would need funds for making various small or big purchases. Lenders take quite a few factors into consideration while extending these loans. First, they would check the credit worthiness of the business. They would also evaluate how far the business has been successful and the likelihood of its being profitable. Procuring loans for a new company is indeed very challenging, and the credit history of the individual borrower is almost the sole criteria for taking the decision.

Two basic types of loans available to small business owners are long-term loans and short-term loans. Long-established commercial lenders usually offer long-term loans that have low interest rates. The amount of money is large enough to cover huge expense, such as additional capital needed in business acquisition and related activities. Small businesses looking for working capital can approach these lenders, and they usually get approval if they have a formidable business plan.

Meanwhile, short-term loans are usually issued by credit unions and banking institutions. Whereas a long-term loan must be paid on a monthly basis, short-term loans are paid at the end of the term of the agreement. The interest rate is usually higher compared to short-term loans. Retailer looking for additional funding for a short project that is expected to provide huge profits in a brief time period can benefit much from this type of loan.

Small businesses that are in the early stages of operation often find it difficult to meet stringent requirements. Alternative lending methods are relatively more flexible, including cash advances, crowd funding, and peer-to-peer loans, among others.

For small businesses, it is often easier and faster to secure financing using alternative means. Many business owners opt for alternative financing methods especially when they have urgent need for the money. There are situations where the time frame is critical because availability of funds determine whether the company's daily operations can continue or not.

Options Trading For Beginners

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Most trading platforms provide two simple choices when it comes to binary trading: a put option and a call option. The put option is chosen if the trader believes that the price will decline, while the call option is available for if they believe that the price will rise. All traders need to decide their position based on any number of market factors, and there are numerous trading methods and algorithms that can be used, which will be covered later.

Prior to choosing your position, you will be required to choose a trading platform through which you will be conducting all of your trades. Choosing the right broker to handle your finances is vital to the success of your trades, especially for beginning traders who need to make the most of all financial options. Not all brokers will be able to provide you with the same methods of trading, just like not all brokers will have the same limitations and returns available on their websites. For beginning traders, it is recommended to not worry about some of the more complicated binary trading methods. For now, choose a good brokerage that offers a high percentage on their returns, and see if there are any incentive programs offered that you can take advantage of.

The trading platform that you choose must have many investment options available. The principle of binary trading is not new. In fact, it is the basic Forex principle, which was adapted for stocks and bonds. If you know Forex, then you would probably be just as good in binary trading. However, you will have to study a little before trading, and this is why all the binary options websites must be carefully reviewed. A review of a Binary Option website must contain details about their payment options, stocks and trading features, as well as independent opinions of people that have already tried the trading platform.

One way to stay safer, trade faster and hopefully make more profits is to use good binary options trading software. Using this kind of software has a lot of benefits.

First of all, the platforms are usually very easy to understand and use. Also, the software gives you all the real time market information you need to make your decisions and predict whether the asset will go up or down.

Most providers let you set up a demo account for free so you can practice before spending any real money, or they give you some money to practice with. It's not rare to get an up to $300 start-up money for free to play around with and get a hand of the process. You can learn some strategies and develop your style without losing any of your own hard earned cash. From the software you get tips and tutorials to help you and give you support, all you need to do is sign up and download it or in some cases, just use it in your browser or on a mobile device.

Find Most Reliable And Quality Real Estate Professionals in Austin

Whether you're buying, selling or renting a property, dealing with estate agents ought to be a seamless process. Unfortunately, this isn't always the case, and communicating with these companies can quickly become a nightmare if you haven't done your research and found one you can trust.

If you're looking to sell your home, communication is key. It's a good idea to find a company who advertise round-the-clock communication, as this will provide additional peace of mind. Once you've found an agent you can trust, you should be able to leave all the hard work to them, whilst remaining firmly in the loop about any developments.

If you're hoping to rent, be aware that rental applications can sometimes catch people out, so you'll want to find an estate agency that offer full transparency as to their costs. Some companies will charge extortionate fees, most of which are hidden, so make sure you're aware of all your financial obligations before you sign anything.

When it comes to your security deposit, you'll also want to find out whether or not it is refundable if something happens during the letting process. Most of the time, if a landlord pulls out, you will get your deposit back in full, whereas, if the application isn't approved due to unsatisfactory references, you won't get it back. It's best to check this prior to payment.

Some real estate agents connect home buyers with sellers as a part-time job; however, it is wise to choose one who works in the industry full time to get the best results. Such professionals are in a better position to provide accurate recommendations and tips as they have more experience and a deeper understanding of the industry. A full-time agent will likely spend more time scouting for a home on various listings or showing prospective buyers the house to ensure that the clients acquire or sell a property quickly and at the right price.

A buyer who is interested in purchasing a full-time residence should pick an expert who specializes in selling such properties in the area. On the other hand, people who are looking for investment properties are better off working with someone who has been facilitating such deals with other investors for years. It is also important to note that most professionals in this industry have multiple specialties.

Even if a candidate meets these four qualities, organize a face-to-face meeting with the home expert to get a full picture of his or her skills and expertise. Most professionals are more than happy to speak with potential customers to answer questions. Finding a real estate agent by following these guidelines will make the entire process of buying or selling a home far simpler.