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How to Crack the Chinese Wholesale Market Consistently

This article provides readers with an insight into cracking the Chinese wholesale market. There are three elements that you need to consider in order to be successful when trading in wholesale products from China. They also involve working to increase your competitive advantage against your nearest rivals through legitimate means.

Promote your company diligently

Promotion is one of the cardinal points that have to be considered when working with the Chinese market. The wholesale products from China tend to have very good pricing structures but you need to add something extra in order to secure the best competitive advantages:

  1. Dealing with prospects: Give them the option to choose between retail or wholesale prices. This will keep them loyal and will ensure that they always consider you first if there are options. If some of your customers are looking to have wholesale costs for a low volume order, you need to charge them some sort of membership fee. That will ensure that you can cover any losses that arise from small orders. Do not accept small orders at low prices because you end up losing on many fronts. Of course you might employ some sort of loss-leader strategy where you keep the prices low until you are certain of customer loyalty. You can then raise them accordingly.
  2. Learn from your competition: The wholesale business is not interesting if you do not take the time to learn from your competition. You need to find out their best products and then beat them to the top through undercutting the pricing structure that they are using at the moment. If they bring in an innovation, it is in your interest to mirror that development with your own version. There is no intellectual property when it comes to developing business technique. All is fair in war when it comes to business.
  3. Fads are good for your business: There is an element of illogical popularity that is part of the fad culture. You need to be right in there, making the case for your products. Do not allow the competition to dictate the terms of the work that you are doing. Instead you need to promote all the things that you have in such a way as to reflect the obsessions of your client base at the moment. The band wagon for wholesale markets never goes out of fashion. You just find a new benefit to add for your customers.

 

Author of the article is an Electronics And Communication Engineer and has written this article from the best of his knowledge. Information are collected from these sites: Wholesale Mobile Phones and Wholesale GPS Phones.


Article Source: http://EzineArticles.com/5868425

 

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