The last decade has seen China getting more and more popular as a destination for expatriates to seek for employment. With rich job openings and lower costs of manufacturing, it’s no secret that China represents a positive opportunity for many business people looking to open up possibilities of income.
According to Forbes, China’s current outsourcing market is expanding at 30 percent every year, and as a result, many countries have relocated their headquarters to China to establish their businesses.
From providing language classes for employees, to understanding how to obtain the appropriate visas, here’s what you need to know if you’re opening a warehouse or factory in China for your business.
- Learn how to get the appropriate visas to live and work in China. In order to conduct business in China, you will need to get a business visa, or F Visa, which is issued to an alien visiting the country for business purposes for a period no longer than six months. Learn more about business visas in China here.
- Find a factory to make your products: Finding sufficient warehouse or factory space to manufacture your products may be the most challenging thing about moving to China. Do your research first on sites like Alibaba. Here, you can search, read and email factories from China, order and test samples, and read reviews.
- Attend lots of tradeshows: This will act as your due diligence so you can see what’s out there and to generate interest in your business.
- Network with other factory owners: This is the best way to learn the ins and outs of doing business in China. You’ll find other likeminded entrepreneurs online and at those tradeshows we talked about above.
- Ask all the right questions from factories you’re interested in: Find out about minimums, delivery times, manufacturing techniques and more. Always be prepared to show your prototype to anyone who will listen.
- Understand the cultural differences: You may be a whiz at business management and production, but that won’t get you very far if you can’t integrate with the local culture. While America and China have come a long way in the last two decades in terms of understanding one another, there are still fundamental differences in business culture that still remain. It’s important to understand and accommodate those cultural differences in order to be successful at what you do. Remember, business in China is based on relationships!
- Give language classes to your employees: Moving your warehouse or factory to China can’t just happen if everyone solely speaks English. If you want to see success for your business, you need your employees to communicate with others overseas. BRIC Language Systems is an innovative way to learn Mandarin Chinese, blending online and traditional learning approaches backed by interaction with someone in China who speaks the language fluently.