SBS FINANCE | WeChat your small business into China | Ricardo Goncalves

author Ricardo Goncalves   12 мес. назад

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China Style Small Business

In China owning your own business is as common as getting a job. The sheer number of ma and pa operations is staggering. Each individual business sells a specific set of goods and because there are so many people in China this system seems to work. In the west if you tried this you wouldn't fare very good as there just aren't enough people to make a go of it. The west is mostly big box stores but in China the small stores are the dominant sellers. They have a lower over head and thus lower prices. It's hard to compete with them on price. The new China high end malls are only for the brand name companies so if you want to get brand name you have to shop at the big boy stores in China. Watch as I walk around some random areas of Nanning and take video of some of the little shops and the goods they are selling. You may be interested in one back street I was walking down but turned around because...well take a look at the video it's an interesting one.

Doing Business in China? Don't Get Ripped Off

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WeChat is an essential tool for Australian SMEs to successfully do business in China.

SBS Finance Editor, Ricardo Goncalves explains.

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