Empowering Business Ideas
I’m Laura Cortes, the founder and developer of OlingoCo.
I graduated in international business from Tec de Monterrey in 2007 and in 2009, I was awarded a scholarship to study business and Mandarin Chinese at Zhejiang University in Hangzhou, China. There I achieved certification as an APEC senior consultant.
I am an entrepreneur and international business specialist. When I graduated from business school, I thought I had all the answers. However, I wasn’t even close to understanding the intricacies of China’s bustling business world.
Now, after ten years of working at the heart of the electronics industry in Shenzhen, China, with many ups and downs along the way, I’m ready to share my knowledge in hopes of helping you along your own journey.
In the summer of 2020, OlingoCo will take its first steps. As an online learning platform specializing in conducting business in Asia, our driving goal is to empower yourself to empower others. I’ve designed customized online courses catering to different industries. With this specialized knowledge, you can learn in just a few hours what took me years to acquire. Learn to do business with Asia
Let me help you by Answering some of the most common Questions
What can I produce in China?
This is probably one of the most common questions people ask me — and although I could give a full webinar about it, I want to give you a quick answer: China can produce just about anything. If you want to buy or manufacture a product from China and sell it in your home country, don’t start with sourcing. Rather, determine what the market in your country is doing. Define your client and what they need; once you know you can reliably make sales, only then start sourcing your suppliers.
What products should I sell?
Never buy a product that you don't already have a client to sell to!
What product is popular in China?
This is the second most popular question I get and just like the first, I always respond that China is a different world than the one you operate in. Certain products that are popular in China may or may not be popular in your home country.
However, the best way to understand what is becoming popular in Asia is by checking what products China is exporting the most. Manufacturing is the most popular industry in China, accounting for 46.8% of China’s GDP; within this industry, you have: garments, mobile accessories, smartphones, toys.
So, you can take a tiered approach:
A) Top Market in China
B) Top Industry
C) Top Product
D) Top Client Profile
Go from Big to Small!
How much money do I need to start a business selling products from China?
This is probably one of the most important questions anyone can ask. And truly, I wish there was a quick and easy answer. However, I can tell you that the amount of money you’ll need to invest is likely not as much as you think. With the internet revolution, there are now many ways to start an online business with a minimal budget — from Shopify, Amazon, to your own website, the most important element is first understanding what steps you need to take and how to take them before you invest any amount of money.
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