44 min
Gary Huang Shares His Insider Secrets for Working With Chinese Manufacturing Ecommerce Exits Podcast | Inside look at Building, Buying, Selling and Scaling Ecommerce Businesses
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- Entrepreneurship
FBA Seller Gary Huang, Founder of 80/20 Sourcing and 7-Figure Seller Summit gives us a high-level view of the situation in China manufacturing and the proactive steps sellers can do to improve the supply concerns amidst the CoronaVirus pandemic. He shares tips in negotiating the cost of goods and giving a platform for successful sellers to share their strategies.
WHAT YOU’LL LEARN
Update on the Coronavirus effect on China New ways of doing business in the Coronavirus environment General Tips for SellersKEY POINTS
In spite of the Chinese government’s lifting of the lockdown, it would be a long time for sellers to become fully operational due to a number of factors. Currently. Chinese sellers are operating between 30-50% production capacity only. The coronavirus experience will also be imposing several changes in how manufacturers are currently operating. This includes allowing for longer lead time for suppliers to complete orders. It is important to do due diligence in speaking to suppliers to get a clearer picture of production timelines. Likewise, stocking up on raw supplies may become a norm since being out of stock is what hurt businesses practicing e-commerce the most. It is important that one maintains a relationship with their suppliers so that their company becomes top of mind with these suppliers. Go beyond just the relationship that business provides. It is important for sellers to look for ways to negotiate prices by taking into consideration forex exchanges as well as how to deal with tariff expenses.ABOUT
Gary was born and raised in the US. He is a second-generation Chinese who served as a Director of the sourcing department in China. He currently lives in Japan with his family.
🎧🎧🎧
Thanks so much for joining us this week. Want to subscribe to the Ecom Exits Podcast with Nate Ginsburg? Have some feedback you’d like to share? Connect with us on ApplePodcasts and leave us an honest review! Your feedback will not only help us improve the show, but it will help us connect with more high flyers like you.
--- Send in a voice message: https://anchor.fm/ecom-exits-podcast/message
FBA Seller Gary Huang, Founder of 80/20 Sourcing and 7-Figure Seller Summit gives us a high-level view of the situation in China manufacturing and the proactive steps sellers can do to improve the supply concerns amidst the CoronaVirus pandemic. He shares tips in negotiating the cost of goods and giving a platform for successful sellers to share their strategies.
WHAT YOU’LL LEARN
Update on the Coronavirus effect on China New ways of doing business in the Coronavirus environment General Tips for SellersKEY POINTS
In spite of the Chinese government’s lifting of the lockdown, it would be a long time for sellers to become fully operational due to a number of factors. Currently. Chinese sellers are operating between 30-50% production capacity only. The coronavirus experience will also be imposing several changes in how manufacturers are currently operating. This includes allowing for longer lead time for suppliers to complete orders. It is important to do due diligence in speaking to suppliers to get a clearer picture of production timelines. Likewise, stocking up on raw supplies may become a norm since being out of stock is what hurt businesses practicing e-commerce the most. It is important that one maintains a relationship with their suppliers so that their company becomes top of mind with these suppliers. Go beyond just the relationship that business provides. It is important for sellers to look for ways to negotiate prices by taking into consideration forex exchanges as well as how to deal with tariff expenses.ABOUT
Gary was born and raised in the US. He is a second-generation Chinese who served as a Director of the sourcing department in China. He currently lives in Japan with his family.
🎧🎧🎧
Thanks so much for joining us this week. Want to subscribe to the Ecom Exits Podcast with Nate Ginsburg? Have some feedback you’d like to share? Connect with us on ApplePodcasts and leave us an honest review! Your feedback will not only help us improve the show, but it will help us connect with more high flyers like you.
--- Send in a voice message: https://anchor.fm/ecom-exits-podcast/message
44 min