Three of the Greatest Myths When Entering the Chinese Market
China is a place for businesses that are looking for opportunities to earn, be known, and grow. But there are just some things that make this dream seem scary for some, and we’ll be falsifying those things for you.
Here are three myths about entering the Chinese market:
The greatest hindrance to your entry is language
When planning to start your entrepreneurial endeavor in one of the world’s largest economies, it is expected that having a decent conversation with the locals might be a tough job, and give you a hard time in doing business-related talks. But this is not as tough as people perceived it to be as there are things you can do to go around this barrier, as there are English-speaking people and even applications that can help you get through a decent conversation with the locals.
They don’t like doing it with western brands
Contrary to what a lot of people believe in, Chinese people have no problems doing business with western brands. Instead, they are having problems with attitudes such as rudeness, tactlessness, and insensitive to their culture and traditions. They have this extreme cancellation culture on brands that disrespect them. So as long as you know your limitations, respect their culture, and went there for the sole purpose of doing business, then you are welcome to enter the market without having any problems.
The Chinese market is only for companies with the biggest names
China does not just make opportunities available for those who are already in the spotlight, it also is an avenue for small businesses trying to shoot their shot and aspire for greater things not just for themselves but for their businesses in general. In fact, operational costs such as manufacturing expenses are a lot cheaper in China, which makes it a more starter-friendly country for businesses trying to enter the market.
There are a lot of myths and misconceptions when it comes to entering the Chinese market, but one this is for sure. All these myths and misconceptions won’t stop the heart and determination of an entrepreneur from entering China or any other country that has a lot of things and opportunities to offer.