Ideas on How to Become Rich - How to do business in China -step 2

Ideas on How to Become Rich - How to do business in China

Hi good afternoon to all of you.
Earlier I mentioned that there is vast opportunities to do business in China and become rich. Yes, there are many people from all over the world who struck "gold" in China. My brother has been in China for several years and has accumulated enough wealth and money to last him and his family a few generations of spending power.

The first step as mentioned was to have knowledge of the way of the Chinese. Knowledge is vital in order to enter into this country of great differences in wealth, status and dialects.

The next step is to gain trust of the local Chinese. It is a fact that China is not a monolithic market. Do not be mistaken that it has a one-billion customers waiting to buy your products. China is made up of a diverse range of races and purchasing power. Different regions within China has different rate of progress and affluence. Difference provinces have different political and economic structure. It in fact has more than 100 cities of varying size and population with different levels of income and purchasing power to buy your products. Also there are lots of low-cost labourers out there for you to tap if you need workers of all sorts.

So how do you tackle such a fragmented customer base with diverse geographical and economic variation? The answer is in the strategy you have to use for each different region. Your target group must be able to purchase whatever you want to sell. Planning is thus vital for survival of business in China. Which segment of the market you wish to target, which kind of products are suitable for them? Understanding that China is not homogeneous is the key to success and wealth . Local knowledge is the key that will lead you to income and prosperity in China.

The second step is that you need to gain the trust of the local people by
understanding the needs of the local regional market. Studying the various needs of the people in different cities and how you can cater to their needs will surely bring you great potential in wealth and income.

Just remember China is not a market of 1 billion people, it is a series of small markets of 100 million or smaller segment. Once you establish the fact that you have to deal at local level, you will succeed in your planning towards the greater good. Inner regions have less competition and their local governments are more accommodating and co-operative in your efforts to win customers.

So go into the heart of China, and learn from the local people what they want and you will become rich by catering to their needs. It may not be too difficult once you get their trust in you.

The moment you gain the trust of the local people, you are able to gain an entry into their hearts and thus making business development easier for you. Like the Indians, put your ear to the ground when you go to China and listen to the voices from their hearts and you will become rich and powerful in no time at all..

Cheers and have a nice day
Sally Klaus
Ideas on How to Become Rich