Further, and more recent email requests forWiis andAmazon Kindle 2 E-Book Readers, and similar products, have forced me toreiteratea point I have made on many forums before. There seems to be a common misconception that one can simply buy any branded product directly from China; I have to tell you that in most cases this simply isn’t true. If you wish to buy the product you want, you will have to go through an authorised dealer or distributor in your own country. Although a large majority of hi-tech toys, gadgets, and games are produced here in China;they are produced here to be legally exported to traders and dealers who have sole right of distribution in your country, or their other respective countries – not to be sold freely from China to anyone who wants them. Consequently, the only thing you will find here are knock-offs – or FAKES. So, all I can say to you is, that unless you can find those legal distributors in your own country, through a request to the parent company, or producer, then I’m afraid you will only ever be cheated. That will occur in one of two ways: 1. They’ll just take your money.2. They’ll send you fakes of either very good to crap quality (and don’t expect to get a real warranty).Is this sinking in yet?Now, that doesn’t mean you can’t buy from China. It just means that you will have to forgo the famous brands, and choose some of the excellent, high-quality, OTHER brands (or no-name brands to you), and which are available for legal export to your country, and for which you can get very good deals and make a very decent mark-up when you sell them. Customers don’t want them?Then buy some anyway, and TEACH your customers to want them. That’s how brand names became brand names – and that’s how a true salesperson works. It seems that the art of SELLING has been forgotten and replaced by the lesser art of TRYING TO MEET DEMAND or just jumping into the current trend or wave. Don’t try to meet demands – try and educate clients and GENERATE NEW DEMANDS. It used to be called – BREAKING A NEW MARKET. Responding to demand is easy, everybody and anybody can, and are doing this – breaking a new market, and REALLY selling,is a very profitable skill. In other words – Don’t follow fashions – SET THEM!
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More than a few people have discussed XBOX and Games Consoles, and I’ve often been asked about sourcing them.
I’d like to make specific mention of this issue briefly here.
The Parallel or Grey Importing of Goods.
Scammers Love You, Because You Love This!
I’ll talk about parallel or grey importing using computers as an example first, and then follow on to briefly discuss games consoles and Xboxes.
Brand name electrical goods and computers CAN be found here in China.
However, when you start trying to take them from China (or anywhere else) into other countries, then you fall into an area known as parallel or grey importing. Many companies are now really cracking down on this, particularly SONY™for instance, in co-operation with the EU, there has a been a dramatic increase in seizures of goods at ports.
Scammers Love Your Money - And You Love To Give It To Them!
For example: To export anything made by Dell™ in China, to the US, would be considered by Dell™ US to be poaching on their territory.
Sometimes the practice of parallel or grey importing is illegal, but not always so.
Many of the parties concerned with the parallel or grey importing of a good are usually the authorized agents or importers, or other retailers of an item in the target market. More often than not this is the national subsidiary of the manufacturer, or one of its related companies. In response to the ensuing damage to both their profits and their reputation, many manufacturers, and their official distribution chains will very often seek to restrict the parallel or grey market.
Manufacturers have the right to refuse to honour the warranty of an item purchased from parallel or grey market sources, on the grounds that the higher price you should have paid on the non-grey market reflects a higher level of expected service.
To The Scammer, 'You' Are The 'Apple' of Their Eyes!
Additionally, companies may provide the warranty service only from the manufacturer’s subsidiary only from within the intended country of import, and not in the diverted third country to where the parallel or grey goods are ultimately sold by the unauthorised distributor or retailer.
Are you prepared to make money at any cost?
Are you the kind of person who’d sell grey or parallel goods to someone, irrespective of the effective lack of any genuine warranty on those goods?
Do you not care about the end user, your client, and your own reputation?
Because, if your answer is ‘yes‘ to the first two questions, and ‘no‘ to the third one, then I really don’t see much difference between you and the scammers.
In my opinion, if you’re buying grey or parallel, then you’re obviously a bit shady yourself.
The response by scammers to the grey market is particularly evident in the electronic goods market, where I hear people crying loudly at having been ripped and burned regularly!
Have You Got Money To Burn?
Yes, it seems to be the people endeavouring to buy games and game consoles, along with iPhonesetc., who are the one’s who get burned most frequently by the scammers.
Just by virtue of wanting these goods grey or parallel, you put yourself at the scammers table, and if you’re unlucky (which you most probably will be) you’ll find yourself on a scammers dinner plate too.
If that’s you, or you’re thinking about entering this line of business, then I suggest you find another product line to trade in, one that you can get direct from a good OEM/ODM in China.
Remember, the scammers love those who love to buy grey!
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China Scam – Money Mules – And Why You Will Never See Your Money Again.
I’d like to point out to you, in very clear and marked terms, just why it is you will never see your money again, should you happen to lose to a scam in China; particularly those of you who lose money to companies whilst trying to buyiPhones, Nintendo, etc. Last week, I wrote about Mr. Stefano Carboni’s apparent involvement in the money mule scam; that is, getting other people to transfer funds through their personal bank accounts, as a means of laundering it to a final destination. Then only this week, I discover, through certain of my contacts here in China, the reason you won’t ever see your money again is based on similar grounds. Here is how it works: There are approximately 300 million agricultural workers in China, and approximately40 millionmigrant workerstravelling from city to city in attempts to find some kind of living. So, no shortage of potential mules! A quick review of salaries in China may provide you with a glimpse at the motivation behind the actions I’m about to describe.
A Chinese Farmer
In 2007 the average farmerin China earned around 4,140 RMB (Yuan) or approximately $605 USDper annum; the average salary for a construction worker in China is approximately 1, 064 RMB (Yuan) or $122 USD per month; whilst the average factory worker is earning around 1,100 RMB (Yuan) or $ 160 USD per month. As can be seen, by the above figures, the 300 million farmers in the agricultural sector earn less than 30%of what construction and factory workers can earn in a year. This fact is widely known in China, and it is to this sector of the community that the scammers go with their offer. So, what is their offer? It’s very simple, actually. They say to the peasant farmer, something along the lines of, “Look we have all these foreign clients, but we don’t want to pay tax and stuff, and so we need an alternative account for the funds to be transferred to, as a means of avoiding the tax. You open a bank account for us using your ID, our foreign clients transfer funds to it, and then move the funds on to another account, the details of which we’ll give you (usually Taiwan); and we’ll pay you a nice fat commission, and you and your family will be much better off. Your child will be able to go to a better school, and then on to university, and the whole future of your family will be changed for the better – forever.” Of course, from Taiwan, the money is then transferred to other destinations. So, the peasant, knowing a good thing when he or she sees or hears one; and who is always willing to make extra money for the family, says, “HaoDe!” or “HaoLe!” (Good! orFine with me!). I mean, why wouldn’t they? People in the West do exactly this when they get involved in fake cheque scams, and act as money mules for a variety of mafias. In actuality, the Chinese peasant farmer, quite probably has a better excuse than the greedy money-grabbing buggers in the West, who regularly sign up for this kind of business, as their lifestyles are a millennia apart, and is clearly documented and attested by many more than myself. So, personally speaking, I can’t really blame them; you make your own decision on that. Anyway, of course, eventually the whole thing gets tumbled, and the account closes, and the scammers recruit another peasant farmer, and start the whole operation again, with barely a blip in their action. The previous peasant farmer account holder is questioned by the police, and the police learn nothing, as the peasant farmer was him or herself duped anyway, and has absolutely no idea of the true identities of the people they’ve been dealing with. And, naturally, a physical description isn’t going to help much. I understand that to many foreigners, everyone may look the same here, but, that isn’t true, of course. People here do have very distinct personal physical attributes. However, without wishing to sound racist, and by sticking to reality, whether it pleases us to do so or not, the general physical characteristics are certainly much of a muchness; in as much as hair, skin, and eye colour, or whether he or she looked like an East European, had a certain Latino appearance, or shocking red hair and green eyes. I mean, can you imagine the interrogation of the peasant? Policeman 1: So, what did this man look like? Peasant: Well, he was maybe 30 years old, about 5 feet 6 inches, had short black hair, yellow skin, slanted dark brown eyes, and a wide or flat nose. Policeman 1: O.K., So we can rule out all the women and men under 30 years of age in the country. That just leaves the rest of the population. Hold on! What Kind of accent did he have? Peasant: He sounded like he came from Henan Province to me. Policeman 1: Ah ha! From Henan you say. Well, that’s a lucky break for us, as there are only 100 million people in Henan. So, if we discount all the women, that brings us to about 70 million males. O.K. that’s god, that’s good… Then we discount those under 30 years of age. and those above 40 years of age… Let me see… Yes…, that leaves us with only… Great Scott! Only 21,000,000 men to search through; By George! We’re on to them now. You can tell Mr. Stupid Bugger in England, that we’ll soon have his $300 dollarsback for him. Policeman 2: But, Sir. What if the perpetrator doesn’t live in Henan anymore, and is living… well… …somewhere else in China? Policeman 1: Damn it, Caruthers, you’re right! Stop that telegram to Mr. Stupid bugger in England. Now, (He paces the room thoughtfully, clenched fist, arms folded and thumb to top teeth, looking into nothingness on the floor before him) Mmmm… yes… Yes, this really puts the cat amongst the pigeons. I think this may take a little longer than I at first thought. And that’s it basically.
A Submarine In Your Bathtub
That’s why, if you lose your money here, the chances of you ever seeing it again, are about the same as you taking a bath, and a nuclear submarine surfacing in it, raking you with machine-gun fire, stealing your rubber duck, submerging, and then going back to base for debriefing, a plate of hot and crispy cod and chips (fries) with brown sauce, washed down with a warm cup of hot cocoa, and all before bed-time. Now, if you’re sensible, then you’ll go back to the OLD FASHIONEDWAY of doing things, and hire an agent, like me, to protect your interests, and to ensure that you don’t find yourself taking a bath with a submarine. The choice is yours. You’ve been warned. Again!Safe Trading!
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TsingHua TongFang (THTF) Name Beijing Based Your China Trading Partner As Their New Agent for Europe, North America, and Africa.
TsingHuaTongfang
TsingHua TongFang (THTF) is presently ranked in the top 10 leading manufactures in the world, in the first 6 in the Asia-Pacific Region, and number 2 in the Chinese domestic market (IDC figures), and which also owns the largest and most advanced PC production factory in the world with a total area of 50,000 square meters and a production capacity of 5 million units per annum, has namedMr. Ken Stone, of yourchinatradingpartner.com (YCTP) in Beijing, as their new European, North American, and African sales and marketing agent as of the 30th of April 2009. This multi-billion dollar Chinese brand currently holds the number 2 position in the CE, PC, OEM, and ODM China markets, and as such is a world leader in the production of computers and associated technologies.
Mr. Lu ZhiCheng, President Of TsingHua TongFang Co. Ltd.
THTF, a state-owned enterprise or SOE, and which is partnered with TsingHua University in Beijing, which holds the largest equity stake in the group. As the commercial arm of TsingHua University, THTF’s main goal is to build industry chains within the information and environmental energy industries, and which include the production and servicing of products as diverse as PCs, laptops, notebooks, netbooks, mobile telephones, LED chips, security systems, and digital TVs. Currently the THTFEnglish language website is still under construction however, any queries or information requests regarding any THTF computer related products may be directed to Mr. Ken Stonevia the Your China Trading Partner website on yourchinatradingpartner.com. YCTP are a Beijing-based Sino-Anglo family-owned product sourcing and due diligence performance company; predominantly servicing small to medium sized foreign enterprises and businesses seeking to source products, to have a representative presence in China, or to protect their investments or purchases against cyber-crime or cyber-fraud through their due diligence services.
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The following are a list of some of the more common questions people seem to have regarding trading with China. I have sought to answer them as directly and frankly as I can.
Why am I worried about sourcing from or manufacturing in China?
Firstly, if you aren’t concerned, you might as well open your window, set fire to your money, and start shoveling it out of the window into the street. There is risk in anything we do in the world of business, and to think otherwise is to fool oneself into a false sense of security. Moreover, to believe that one can safely self-source from China is equally as absurd and dangerous. Your concerns are valid, as they would be even if you were sourcing from Israel, Portugal, or any other country; and trading or dealing with China is no different. China has its’ own set of cultural and business subtleties and values, to which you as a foreigner or someone unaccustomed to dealing with China, may be totally oblivious to; but to someone such as myself, having lived here for 8 years, are not lost to me. And it is precisely for these reasons that you need someone here you can trust, who is culturally familiar with those nuances of business and social culture, and who can operate in and on your behalf.
What about quality? Isn’t China famous for producing poor quality goods?
That may well have been true at one time. However, you need to ask your self whether you’re happy with the quality of your iPhone? Because Apple have been producing in China for a number of years, along with a plethora of other famous High Street brands. Of course, that isn’t to say that quality doesn’t or can’t suffer. It does, as with anywhere else in the world. However, if you ensure that random quality checking is employed before the goods leave port, then one can drastically mitigate this risk. Furthermore, when once you develop a successfullong-term relationship with a manufacturer, they will understand the benefits of not cutting their own throats. To my mind, one of the reasons China has gained its’ reputation for poor quality, is also in part due to a failure of buyers to perform the necessary due diligence and oversight that they should. However, allow me to reiterate a point I’ve just made: Sound partners, and a representative presence in Mainland China, able to perform your due diligence, and maintain an oversight of quality, plus developing your long-term relationship with the producer, will go a long way towards drastically mitigating the issue of poor quality to a level acceptable in the West.
So, how many people will have their fingers in my, production and purchasing, pie in China?
Well, the people, or groups involved could be as few as one, if your goods are coming from one of the larger companies, such as TsingHua TongFang, whom I represent as Agent to Africa, Europe, and North America; or they could be several, for one of the smaller companies. Of course, the amount of fingers in the pie will play a very definite role in the cost of your goods, and sometimes even the quality. However, the role of ‘GuanXi’, or what we would term ‘relationships’, plays a significant role in Chinese society at all levels, and particularly in business; as it has done for several thousand years, and the power of which shouldn’t be ignored or underestimated, and which is an unavoidable necessity and phenomena. This is a deeply ingrained and necessary interpersonal skill, and which is tightly bound and woven into the fabric of the Chinese psyche. I’m sure that should you check your own embassy websites in China you will come across the term ‘GuanXi’ several times. No ‘GuanXi’, no help! It is precisely for this reason, that should you intend doing business in, or with, China, you need a mediator to act as a conduit to facilitate smooth and safe trading. Your conduit can form relationships on your behalf, that you are unable to form due to geographical distance, language, and cultural distance. You scratch my back, and I’ll scratch yours; is precisely how it works in China.
What if my goods aren’t delivered on time or the quality isn’t what I requested?
Well, in that case we incorporate into the contract CIETAC’s model arbitration clause. NOTE: CIETAC(China International Economic and Trade Arbitration Commission (A government department and Part of MOFCOM- The Chinese Ministry of Commerce). Here’s the clause:“Any dispute arising from or in connection with this Contract shall be submitted to China International Economic and Trade Arbitration Commission for arbitration which shall be conducted in accordance with the Commission’s arbitration rules in effect at the time of applying for arbitration. The arbitral award is final and binding upon both parties.” The same clause can be used for the safety of your financial transaction, in addition to opening a Letter of Credit (L/C) rather than a Telegraphic Transfer (TT) of funds. Of course your letter of credit can dictate additional terms before funds are released; these terms can be specifically directed at shipping windows and parameters, levels of acceptable quality, processing of any and all necessary certificates and forms, proper and correct carton and packaging markings, and any necessary Electronic Data Interchange (EDI) Standards compliance. Consequent to which, should the terms not be met as defined in the terms of the contract and in the letter of credit, then it will be up to you to decide or determine whether the funds be made available to the seller. So, that’s it for today. Safe Trading!
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The increased influx of emails we’ve received, from people who’ve been burnt in their China dealings, has prompted me to write the following. Here are some things you need to know about us before you contact us.
Who are we?
We are product sourcing agents, and are focused in sourcing whatever products you need, and covering a very wide scope. We have close associations with a number of Chinese companies whom we trust, and are constantly developing new relationships with new suppliers. Whatever it is that you want, we can find it, as long as it’s being produced in China. Although, we are somewhat different to other sourcing agents, because we also assist in debt recovery, and also take an active role in warning the purchasing public, of the potential dangers of self-sourcing products from such a distance; whilst at the same time, providing the purchasing public with guidelines aimed at helping them avoid the potential pitfalls of dealing with China – such as being scammed, and losing their money.
Why Should You Deal With Us?
Because, we are principled business people who believe in putting people before profit.
Because, we are the good guys who think of others before ourselves.
Because, we demonstrate this by having a starting commission rate of only 5%, and falling according to size of order.
Because, we don’t charge any commission from the Chinese side, as other agents do, and so increase YOURcosts; our aim is to try to get you the best price we can.
Because, of the two previous points, you have already saved a minimum of 50%, and a maximum of 150% on agency commission costs, when compared to what other agents would charge you. We prefer turnover, and customer satisfaction, by making you and the Chinese supplier happy on cost.
Because, we believe in business fairness, balance, and harmony in all our transactions.
Because business doesn’t always have to be shady and knife-in-the-back.
Because, we, having a far better handle on the language, can source a wider range than simply logging into Alibaba, or some such website.
Because, we understand business culture here, and can spot a scammer before we even go face-to-face.
Because, if you don’t use us, you’ll more than likely get burnt.
Because, if you do get yourself burnt, it better be for a large amount, because if you come to us after the event, and you’ve only lost a couple of hundred, or a couple of thousand, we just won’t be able to help you.
Because, we get a mountain of mail from people having lost less than $10,000 USD, on a daily basis, and we know, what you DON’T know, and that is this – you’re never going to see your money again.
Because, if you got burnt for an iPhone and a couple of Dellcomputers, we aren’t able to help you; our sympathy you have, our help, you do not.
Because, if your case is for more than $10,000 USD, the chances are you probably did some research and due diligence, and the company stands a chance of being ‘real’, and they’re simply chancing it with you; and that means we stand a chance of getting your money back.
Because, our recovery service fee, is the same as our sourcing fee – 5% of the order value.
What Are The Benefits Of Sourcing From China?
Well, generally speaking you should find that you can reduce your average costs of manufacturing by up to 30%, and even as high as 60% on European and North American manufacturers. For example: Scares aside, due to failure to quality check goods at port before leaving customs, pharmaceuticals can be produced, and synthesised in China at greatly reduced costs. In certain cases costing only 1 tenth of what the same product would cost to produce in Europe or the US. Now that’s a saving! These types of savings are par for the course for a wide range of , but not all, products in China. Well, with so many companies making money from this – Why Aren’t You?
What Quantity Are We Talking?
Well, most genuinesuppliers have a Minimum Order Quantity (MOQ), which can vary, depending on product, from 3 to 3,000 pieces.
So, How Can You Avail Yourself Of Our Unique Situation?
Your problem is one of trust. You have nobody here on whom you can rely. Quite simply, you need to have a third party here in China you can trust, and to ensure that you get the goods you want, shipped to your market of choice, when you want, and at a the price you want. But China is so far away, and you don’t know the culture, the people, or the language. But you do know, that all of the aforementioned can cause you problems.
How can you resolve these issues without going to China?
Easy, develop a relationship with somebody you can trust, and allow them to handle things for you.
Connect With The Right People – Not With The Wrong People.
Allow us to be your prime contact in China. I’m a British expatriate, married to a Chinese citizen, and have been living and working here for 8 years. Quite simply, my China qualifications are way superior to yours. Take advantage of me – before someone takes advantage of YOU!
Here’s My Hand, And My Offer.
Accurately specify what it is you want, and we’ll find a source for you. We don’t charge a fee for inquiries, and you should immediately, or within a few days, be presented with a series of offers, from which you can choose what appeals best to you. If the source is new to us, and you can guarantee you want to take that offer, then we’ll go down and verify the source first, before you make the payment, at no extra cost to you, as we consider a new source to be a new RESOURCEfor us. Give us the stress you just don’t need – and don’t feed the greed!Safe Trading!
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I was recently contacted by Eric Vermaas, the CEO of PT Team Wood (www.teamwood.org), a Dutch-Indonesian timber and furniture partnership based in Jakarta, to run a background check on an Import Export company based in Tianjin, China, and which had just placed an order for $915,000 USD in speciality wood furnishings. Fortunately, for Eric I just happened to be in Tianjin at the time, as I was visiting family for the Mid-Autumn Festival, one of the two main traditional festivals along with Chinese New Year, and therefore checking them out was a fairly simple process for me. The Chinese company details are as follows:Tianjin Tanbo Import & Export Trade Co., Ltd.,Address: 43 Nanjing Road, Heping District, 300350, Tianjin, China Web:www.sjzdingsheng.com.cnTel: + 86 228 143 92 09 Fax: + 86 400 67 61 100 ext 1010 Email:heiyexingguang8@126.com, tanbo_2003@yeah.netTrade Manager:Chen Jinliang I quickly discovered that telephone number is not a land line, and is actually a mobile number known as a xiao ling tong, and which looks like a land-line number, can’t be easily traced, and is very cheap to buy. The fax number isn’t in Tianjin and seems to be out of town, and is perhaps a fax service somewhere, hence the extension number; quite probably a big room in a cheap building with a number of fax machines in it – linked to a PBX if the extension number is anything to go by. I visited the address provided on the website and discovered that it doesn’t actually exist. Basically the numbers on that street jump from number35 to number 57 Nanjing Road, with nothing but an abandoned construction site between these two numbers, and therefore no sign of number 43. Of course, all of this seemed somewhat suspicious at best, particularly more so since I further determined that they allegedly scammed a businessperson from Europe out of 8,000 Euroson or about the 22nd or 23rd of September 2009 (you can find the details here), and have also placed large orders with several other companies, in one case up to $600,000 USD in value, and all since the 31st August 2009. I further discovered that Tianjin Tanbo Import & Export Trade Co., Ltd., also operate under the name of Hebei Dingsheng Import & Export Company, and have the same non-existent address. In consequence to all of the above I strongly advised PT Team Wood to have nothing whatsoever to do with this “company“. Tianjin Tanbo also failed to respond to my repeated phone calls or emails. Particularly when once they realised they had Chinese speakers, currently resident in China, on their tails. The only call we had, and which I instigated, was brief, and led to their prevarication and a lot of stuttering, particularly when I asked for their address, and they said it was the same as the website – to which I responded that I’d been to visit the location, and it didn’t exist. Whereupon they responded that they’d just recently moved. How convenient and how odd they’d forgotten to mention this when first asked, or even to update their website. Finally, I asked them to have a senior executive call me back, and have had no response in the three days since that call – and neither do I expect one.
The CEO Gift Scam Works in the Following Manner:
1.The scammer places a large order with you.2.They then invite you to China to finalise the contract.3.When you arrive, they will tell you that in traditional Chinese business culture you should buy the CEO a gift commensurate with his position. This in the case of the last person I found scammed by them was for gold bars worth 8,000 Euros.4.After you have signed the contract and returned home, they then contact you again and tell you the contracts must be translated and stamped and sealed by a notary, and that the fee for this is 1,350 Euros or something of the type.5.If you pay that then the next step would be for them to cease contact with you, as they are in no way interested in a purchase.
Gift-Giving In China
Gift-giving in China is common in business, but a bottle of wine or a treat from your own country is usually more than acceptable, and I know of no CEO who would expect me to buy them anything expensive. Moreover, since you are a foreigner you’re usually expected to be ignorant of gift-giving in China, and so are exempt from this. Most gifts between Chinese businessmen are cigarettes, Chinese white spirits (baijiu – a strong clear alcohol), or a good tea; certainly never in the form of gold bars, unless you have plans on bribing your way into a contract. In conclusion, and as a rule of thumb, you should never feel obliged to buy anybody any kind of gift in China during the pursuance of your business interactions. However, out of politeness, a small gift of not-too-great an expense from your own country or culture will be gratefully received and appreciated. Safe Trading!
A New Kind Of Nigerian Scam? I recently got an email from a reader that I think I should share with you. It involves a new kind of scam and you need to be aware of it.Hi: I have a question regarding real estate fraud. I have an ad on a website selling my property (for......
Japan's economy badly hit Image via Wikipedia To give you some idea of how bad the situation is in Japan is, the Japanese economy has an annualized contraction that is about 8 times more than the Eurozone. Furthermore the Eurozone already have economies that need bailout from the IMF. It is nearly twice......
Sarasota Foreclosure Prevention "Experts" SCAM Stressed, Desperate Homeowners! Sarasota foreclosure prevention SCAMS steal your money, your hope & your trust, running away as your bank forecloses and kicks you out of the home you thought you were saving. Sherry H. of Bradenton, Florida, knows how the "save your home" loan modification scam works. Victor & Maria Garcia also......
Asian Stocks Fall on Europe Debt Concern; Canon, Banks Slump Asian stocks slumped, dragging the MSCI Asia Pacific Index down the most in three months and erasing its 2010 gain on concern the European debt crisis and Chinese property curbs will hurt the global recovery. Canon Inc., a Japanese camera maker that counts Europe as its biggest market, dropped 3.1......
Be a Blogger: Tools to Organize Ideas Back next week with the Sunday Conversation. The following is a guest post from Mrs. Micah. Mrs. Micah writes about personal finances, freelancing, and getting out of debt at MrsMicah.com. She also offers blog consulting services at hire.mrsmicah.com. Previously in the Be a Blogger series, Frugal Dad wrote about capturing......
There are more than one kind of USB on the market, as perhaps you’ve noticed, they come in all shapes, colours, and sizes, and some of them even have extra functions. Your China Trading Partner can bring you into contact with a wide range of suppliers of USB Memory Stcicks, able to meet all your price and quality criteria, whilst ensuring you’re trading with a safe company. Whether you’re looking for 256MB, 512MB, 1GB, 2GB, 4GB, 8GB, or 16GB, we can find you what you need amongst our list of suppliers here in China. Additionally, if you want a corporate logo on your USB sticks we can help you with that too. You can have single colour, as in the image to the right, or multi-colour, the choice is yours. You may discover that having your own logo on your USBs is a lot cheaper than you at first thought.
How about aluminium or steel cased USBs?
How about aluminium or steel cased USBs for that extra look of class and style? What about biometricfingerprinting technology in your USB sticks? Would your clients such as lawyers, accountants, hospitals, insurance companies, and government departments find the extra security of fingerprint scanning technology built into their USB memory stick of value? Biometric fingerprint USB systems are extremely quick and accurate, and can hold several thumb prints, so that in the event of an emergency, another person with predefined permission may access the data on the stick.
What about biometric fingerprinting technology in your USB sticks?
In this day and age, security is of vital importance. Have we not often heard of times when sensitive data has been lost, and suddenly turns up in the press, after an ordinary USB stick has been found on the train where it was first lost. Your company and your clients could be saved from a lot of embarrassment if they utilised such excellent technology. Again Your China Trading Partner can provide you with all you want in that area too. If you’re interested in knowing more then just drop us an email to discuss your needs. Trade Safely!
Best Products for Healthy Fingernails In tough economic times, one of the first things that have to go is the sweet indulgences like our spa appointments. Luckily, you can keep on pampering your hands with a manicure that is wallet friendly and absolutely wonderful. Here are some tools that you absolutely need to have to......
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Another $7.95 USB2 drive to back up and carry your data. If you haven't gotten a USB flash drive to back up your important docs and take them with you, here is another chance. Once again, Buy.com has another 2GB USB 2.0 Flash Drive for $7.95...Normally they go for $52 bucks, but with the rebate and using Google checkout to pay,......
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China has rapidly become known as the world’s largest manufacturer of consumer electronics. Currently China produces more MP3 and 4 players, digitalvideo cameras, digital photographic cameras, DVD and other video players, a vast array of electronic gadgets, and an extremely wide array of other high tech products, than can be found being produced in any other country in the world today.
Indeed, it wouldn’t be going too far to call China the “New Workshop of the World”, a role once filled by the UK during the industrial revolution, and now being successfully filled by China in it’s modernisation and technological revolution.
To that end there should be a question on the lips of every business person operating in any field which necessitates the need to purchase and sell any of the above listed product types.
What is that question?
It is this: How can I successfully and safely source these products from China to benefit my business by lower costs, and simultaneously increasing my profits?
If you haven’t asked yourself this question, then you are seriously missing out on a great opportunity.
Never The Leader, Always The Follower
China currently produces products of which you are seriously unaware, and which others will lead into Western markets in the future, due in large part to their foresight, and your failure to participate in the search for new products for your market.
You, along with the vast majority of SMEs, will have the unenviable task of jumping on another bandwagon, and playing catch-up.
Get ahead of the competition, and stop riding on other peoples’ coat tails.
What has happened to the world of sales in the past 30 years?
Honestly, it’s like everybody simply waits for a new occurrence in the market, and then jumps on it, rides it till they’ve ridden it to death, and then sit on their hands and wait for the next trend to come along.
Wimps!
There seem to be very few gutsy people in sales today. However, those there are, those who start the trends, are the ones who profit most, whilst the rest of you come and pick and fight over the scraps.
Get a grip people!
Use your brain, and a sourcing agent, and find yourself the next hottest thing to hit the market, before it hits the market!
Product sourcing agents in China speak English, and very often are native English speakers who’ve been living and working in China for a number of years, such as myself, and we can help you find what you need. Having us look for you costs nothing. When you choose to order you’ll find the same standard of service you’re used to at home in Europe or the US.
But What About Shipping?
And? What about it? UPS and DHL can handle all the logistics of bringing your goods to your door. Open a company account with them, give the account number to your agent, your agent passes it on to the supplier, the supplier contacts the courier, the courier arrives and picks up the goods, and you pay the shipping costs.
Of course, if you’re ordering in volume, then we can assist you in finding a suitable shipping company (air or sea) to handle your goods for you.
That’s it. Done and dusted!
What about MOQs?
What about them? Yes, there is often a minimum order quantity, but many companies have brought down their MOQs to levels that are very acceptable for SMEs; particularly in the fields of electronic goods – many as low as 20 pieces or even less.
What About Payment?
Well, I certainly don’t advocate the use ofPayPal or Western Union, as these are the tools of the devil (scammers).
No, you can use a Letter of Credit (L/C), or a TT; the former will be agreed to by any good business of sound standing, whilst the latter may be used only after having the company visited, and having due diligence performed on them, to ensure that they’re actually who they say they are.
Of course, the obvious point is never to pay money into a personal account when dealing with a manufacturing business. That’s just silly.
As your relationship with your agent and suppliers develops, you can rest easy and know that you are in the hands of people whose business relies heavily on your goodwill and peace of mind.
Now, stop sitting on your hands like a baby, and get out there and source the market for something new and innovative, and which will allow you to start a trend, set a fashion, break a market, and lead the way to wider profits and renown for yourself and your company.
Learn How To Make Money Online Free One of the hardest things to do online these days is to make money free. This is what I set out to do and have done quite well though I have noticed it is a constant struggle to hold a top position within Google for an extended period of time.......
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6 Tips to Take Your Real Estate Investing to the Next Level Taking your real estate investment business to the next level means going into territory you haven't gone before to reap rewards you haven't yet obtained. I know a lot of people who do the same types of deals they did when they first started in real estate investing. Now there's......
How Are Internet Marketing Services Made Online Marketing Easier? Marketing skills have been known as the main factor in deciding the success of every business venture. At absolutely all the times, marketing is considered to be the most focused area of any business. Almost all business owners provide big fortunes to their treasure marketing only through salaries and various......
What Can You Expect To Pay For CIETAC To Arbitrate For You, Should You Lose On A Deal In China?.
So, you lost out, and were skinned and scammed by a company in China, and now you want to go to arbitration to get back what you’ve lost, as well as getting some justice from the “evil doers“, as Mr. Bush might say. So, what’s it going to cost you? Well, the following is the CIETACfee schedule for their arbitration services, which I’ve converted, as near as possible, to the corresponding USDvalues. Now, remember, when you choose to go into arbitration you agree to abide by the arbitral outcome. That is to say, that should the judgement go against you then all of the following monies tabulated below, will be lost to you on-top of your actual current losses. And don’t go confusing Western Jurisprudence with that of China; it may very well go against you. Remember, this is another risk. As clearly stated beyond the main table, there may be further “…arbitration fee(s) according to this Arbitration Fee Schedule, the CIETAC or its Sub-commission may collect other extra, reasonable and actual expenses pursuant to the relevant provisions of the Arbitration Rules.” Meaning, that whatever you’re charged in the initial schedule may also include further fees levied to your account to the value of 1,500 USD per additional charge, per additional “…reasonable and actual expenses pursuant to the relevant provisions of the Arbitration Rules.” Of course, even should you win, the defendant may still hold you up by delaying payment for a variety of reasons, and causing you to resort to CIETACagain, at further expense, which you will then have to get CIETAC to levy back against the defendant. Or, of course, they may just shut up shop and disappear. This kind of tactic wouldn’t necessarily be unusual. Now, let’s just take a look at a bare-bones example, without the extra fees, and see what we’re talking about here. We’ll take the lowest level in the schedule as an example, and this is just waving the stick a little, to get an idea of how things could go. So, you lost $150,000 to a company somewhere in some province, in China. You go to CIETAC, and before anything happens (and at this point I think it only fitting to mention that there is about a 9 month backlog withCIETAC) you are charged a fee of $5,250, plus the $1,500 registration fee, which is charged at all levels. Therefore, you’re current total is now $6,750, and you’ve just finished the registration process alone. Then there will be charges for phone calls, letters, and transport costs for an examiner to visit the defendant or their place of business, hotel costs, living cost etc. So, let’s just consider transport, living, interview, and visitation costs. Let’s just call that another $3,000, and remain in the conservative area of things. That would bring you up to around the $9,750 mark. Then there’ll be the weeks and months of back and forth, hither and thither, as nothing in this vein happens either quickly or directly in China. In the meantime, you may see your charges rise by another $3,000, before you even get close to an arbitral decision; and by which time you will have shelled out, on top of your $150,000 loss, another $12,750, and you’ll be sweating and hoping it all goes your way, or else you’ve lost your initial loss of $150,000 plus another $12,750. So, are you shaking in your boots? Quivering with anger and frustration?You should be! Before I present you with the CIETACarbitration fee schedule, allow me to tell you that there’s another way around this, and that is – PREVENTION.
Your China Trading Partner
Very simply, you can contact us at Your China Trading Partner, and we’ll make a factory visit, do your Due Diligence, and arrange for your goods to be checked before leaving port. For us to go visit the factory, and to have your goods checked at port before shipping, will cost you approximately another $850 to $1,000 on top of your costs; whilst of course, on our factory visit we’ll get your supplier to agree to the insertion of the CIETACArbitration Clause in your joint contract, and which states: “Any dispute arising from or in connection with this Contract shall be submitted to China International Economic and Trade Arbitration Commission for arbitration which shall be conducted in accordance with the Commission’s arbitration rules in effect at the time of applying for arbitration. The arbitral award is final and binding upon both parties.”And thereby, offer you a little extra protection; additionally, of course, you can include in the terms of your L/C, that monies will not be released until goods have passed random quality checking, at their exit port prior to shipping.Now, here’s a final question for you, before I introduce you to that fee schedule.Doesn’t it make a lot more sense to spend another $850 to $1,000 on top of your costs, as insurance against the nightmare of losing your investment, and then having to go to arbitration with CIETAC? I’m a little tired of hearing about all these losses, when I know that even if they can’t be completely dissolved, they can, at the very least, be seriously mitigated. But, we live in a cost-cutting global mentality, and have done since the Thatcher and Reagan years; and people are silly enough to even cut costs on their insurance and investment security. This is precisely the kind of mentality that makes dollars for the scammers, and no cents to me? Does it make cents to you? Get the pun?Now Here’s That Fee Schedule for you.
China International Economic and Trade Arbitration Commission
ARBITRATION FEE SCHEDULE (This fee schedule applies to the arbitration cases accepted under Item 1 and 2 of Article 3 of the Arbitration Rules, and becomes effective on May 1, 2005)
Amount of Claim (USD).
Amount of Fee (USD).
150,000 USD or less.
3.5% of the Claimed Amount, minimum 1,500 USD.
150,000 USD to 750,000 USD.
5,000 USD plus 2.5% of the amount above 150,000 USD.
750,000 USD to 1,500,000 USD.
19,750 USD plus 1.5% of the amount above 750,000 USD.
1,500,00 USD to 7,500,000 USD.
30,700 USD plus 1% of the amount above 1,500,000 USD.
7,500,000 USD or more.
90,000 USD plus 0.5% of the amount above 7,500,000 USD.
Each case, when being accepted, shall be charged an additional amount of $1,500 as a Registration Fee which includes the expenses for examining the application for arbitration, initiating the arbitration proceedings, computerizing management and filing the documents. Where the amount of the claim is not ascertained at the time when application for arbitration is handed in, or there exists special circumstances, the amount of arbitration fee shall be determined by the secretariat of the CIETACor its Sub-Commission. Apart from charging arbitration fee according to this Arbitration Fee Schedule, the CIETACor its Sub-commission may collect other extra, reasonable and actual expenses pursuant to the relevant provisions of the Arbitration Rules. Safe Trading!
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