Home
Categories
EXPLORE
True Crime
Comedy
Business
Society & Culture
Sports
Technology
History
About Us
Contact Us
Copyright
© 2024 PodJoint
00:00 / 00:00
Sign in

or

Don't have an account?
Sign up
Forgot password
https://is1-ssl.mzstatic.com/image/thumb/Podcasts115/v4/4a/50/c2/4a50c276-52aa-5c04-47c4-152c607f326f/mza_10499955923984024235.jpg/600x600bb.jpg
Awesomers.com
Awesomers.com
296 episodes
2 months ago
I released Episode 53 of the Awesomers.com podcast some time back, and it's a deep dive into a book that I consider absolutely essential for anyone involved in manufacturing or trade with China: Paul Midler's "Poorly Made in China." If you're doing business there, this isn't just a recommendation; it's a necessity. Paul Midler is a brilliant author who has genuinely lived the stories he outlines in this book. With over 15 years of my own experience trading with China, I can tell you that many of his anecdotes are eerily familiar – often both funny and tragically so. This book offers an extraordinary, in-depth look into how China's export industry truly operates, and indeed, how China itself works. In this episode, I break down some of the most critical concepts Paul discusses, which resonate strongly with my own observations: • Quality Fade (or Product Fade): This is real. Factories subtly reduce product quality over time—thinner shampoo bottles, changed formulas, subcontracting to cheaper facilities, or reducing material weight or thread count. These changes are often hard to detect visually, making vigilance crucial. • "Price Go Up": You've probably heard it. Factories frequently increase prices, citing labor, environmental controls, or raw material costs. Yet, they rarely, if ever, inform you when prices could go down due to currency shifts or other factors. Their objective, after all, is to maximize their own profit. • Counterfeit Culture & Intellectual Property (IP) Issues: The book highlights astonishing instances, like factories copying a customer's product formula and then audacious claiming it as their own intellectual property when asked for disclosure. • Profit Siphoning & Under-reporting: Paul details cases such as Chinese partners in joint ventures siphoning off all profits, and factories under-reporting production of patented goods to avoid paying rightful patent fees, even devising elaborate schemes to circumvent oversight programs. • Manipulation Tactics: I caution listeners about "guanxi" (long-term relationships), which, while valuable, can also be used as a manipulation tactic by factories. Understanding these strategies is paramount to maintaining an even playing field. I truly believe that "knowledge is power" when navigating relationships with Chinese factories. "Poorly Made in China" is one of the very best books I've seen on the subject—extraordinarily insightful and entertaining, despite the serious lessons it imparts. Honestly, I'd consider it "entrepreneurial malpractice" not to recommend it. If you trade with China, buy products from China, or develop products there, reading this book and understanding these dynamics will help you be better prepared and significantly minimize potential problems through proper management. Watch the full episode for a deeper dive: 👉 https://awesomers.com/53 You can also find more helpful processes and procedures on our mailing list at https://awesomers.com. For professional, Amazon-ready product photography for your China-manufactured goods, check out https://symoglobal.com. And for the business operating system for your marketplace business, visit https://parsimony.com. Let me know in the comments if you've read "Poorly Made in China" or experienced any of these situations! If you want to work with me check out https://catalyst88.com and https://humanitynow.com or our new chatbots at https://chat.parsimony.com #ManufacturingInChina #PoorlyMadeInChina #SteveSimonson #AwesomersPodcast #ChinaTrade #SupplyChain #QualityControl #IntellectualProperty #BusinessStrategy #GlobalTrade
Show more...
Business
RSS
All content for Awesomers.com is the property of Awesomers.com and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
I released Episode 53 of the Awesomers.com podcast some time back, and it's a deep dive into a book that I consider absolutely essential for anyone involved in manufacturing or trade with China: Paul Midler's "Poorly Made in China." If you're doing business there, this isn't just a recommendation; it's a necessity. Paul Midler is a brilliant author who has genuinely lived the stories he outlines in this book. With over 15 years of my own experience trading with China, I can tell you that many of his anecdotes are eerily familiar – often both funny and tragically so. This book offers an extraordinary, in-depth look into how China's export industry truly operates, and indeed, how China itself works. In this episode, I break down some of the most critical concepts Paul discusses, which resonate strongly with my own observations: • Quality Fade (or Product Fade): This is real. Factories subtly reduce product quality over time—thinner shampoo bottles, changed formulas, subcontracting to cheaper facilities, or reducing material weight or thread count. These changes are often hard to detect visually, making vigilance crucial. • "Price Go Up": You've probably heard it. Factories frequently increase prices, citing labor, environmental controls, or raw material costs. Yet, they rarely, if ever, inform you when prices could go down due to currency shifts or other factors. Their objective, after all, is to maximize their own profit. • Counterfeit Culture & Intellectual Property (IP) Issues: The book highlights astonishing instances, like factories copying a customer's product formula and then audacious claiming it as their own intellectual property when asked for disclosure. • Profit Siphoning & Under-reporting: Paul details cases such as Chinese partners in joint ventures siphoning off all profits, and factories under-reporting production of patented goods to avoid paying rightful patent fees, even devising elaborate schemes to circumvent oversight programs. • Manipulation Tactics: I caution listeners about "guanxi" (long-term relationships), which, while valuable, can also be used as a manipulation tactic by factories. Understanding these strategies is paramount to maintaining an even playing field. I truly believe that "knowledge is power" when navigating relationships with Chinese factories. "Poorly Made in China" is one of the very best books I've seen on the subject—extraordinarily insightful and entertaining, despite the serious lessons it imparts. Honestly, I'd consider it "entrepreneurial malpractice" not to recommend it. If you trade with China, buy products from China, or develop products there, reading this book and understanding these dynamics will help you be better prepared and significantly minimize potential problems through proper management. Watch the full episode for a deeper dive: 👉 https://awesomers.com/53 You can also find more helpful processes and procedures on our mailing list at https://awesomers.com. For professional, Amazon-ready product photography for your China-manufactured goods, check out https://symoglobal.com. And for the business operating system for your marketplace business, visit https://parsimony.com. Let me know in the comments if you've read "Poorly Made in China" or experienced any of these situations! If you want to work with me check out https://catalyst88.com and https://humanitynow.com or our new chatbots at https://chat.parsimony.com #ManufacturingInChina #PoorlyMadeInChina #SteveSimonson #AwesomersPodcast #ChinaTrade #SupplyChain #QualityControl #IntellectualProperty #BusinessStrategy #GlobalTrade
Show more...
Business
https://i1.sndcdn.com/artworks-JVy4DzVbORd0uoSo-Ziy7qw-t3000x3000.jpg
Awesomers Parsimony Deep Dive
Awesomers.com
26 minutes 54 seconds
1 year ago
Awesomers Parsimony Deep Dive
Here's a unique podcast made by AI - using NotebookLM. https://parsimony.com - Main ERP site https://ai.parsimony.com - AI Tool Kit Site https://automate.parsimony.com - GHL Access for Marketing https://chat.parsimony.com - ChatBots within 5 mins! https://stevesimonson.com https://catalyst88.com https://empowery.com Parsimony is a business operating system that helps businesses manage many aspects of their operations. It can be used for things like inventory, supply chain, finance, human resources, and customer relations. Parsimony is unique because it brings artificial intelligence into these systems. The system is scalable, meaning that it can be used by businesses of all sizes, but it is especially experienced with multi-channel e-commerce, distribution, and light manufacturing companies. Some of the services they offer are custom software development, mobile app development, web development, and software consulting for ERP business operating systems. The main thing Parsimony does is secure cloud hosting of Parsimony ERP versions that are unique to each client. In addition, they offer services such as text AI chatbots, inbound and outbound voicebots, and marketing automation. Parsimony puts a big emphasis on training and has courses available online through its website. These courses teach people about how to use the system, like how to do accounting, make purchases, manage sales, work with CRM, handle project management, and more. The goal is to help users learn the system so they can use it well. The founder of Parsimony is Steve Simonson. Steve has started, built, and sold many companies over the course of his career as an entrepreneur. His goal is to help empower other entrepreneurs and he does this by providing the tools and resources they need to succeed. Simonson believes that the systems are what should run a business, and people should run the systems. He has a lot of experience with global sourcing and supply chain management and he uses that experience to help businesses get the most out of their operations.
Awesomers.com
I released Episode 53 of the Awesomers.com podcast some time back, and it's a deep dive into a book that I consider absolutely essential for anyone involved in manufacturing or trade with China: Paul Midler's "Poorly Made in China." If you're doing business there, this isn't just a recommendation; it's a necessity. Paul Midler is a brilliant author who has genuinely lived the stories he outlines in this book. With over 15 years of my own experience trading with China, I can tell you that many of his anecdotes are eerily familiar – often both funny and tragically so. This book offers an extraordinary, in-depth look into how China's export industry truly operates, and indeed, how China itself works. In this episode, I break down some of the most critical concepts Paul discusses, which resonate strongly with my own observations: • Quality Fade (or Product Fade): This is real. Factories subtly reduce product quality over time—thinner shampoo bottles, changed formulas, subcontracting to cheaper facilities, or reducing material weight or thread count. These changes are often hard to detect visually, making vigilance crucial. • "Price Go Up": You've probably heard it. Factories frequently increase prices, citing labor, environmental controls, or raw material costs. Yet, they rarely, if ever, inform you when prices could go down due to currency shifts or other factors. Their objective, after all, is to maximize their own profit. • Counterfeit Culture & Intellectual Property (IP) Issues: The book highlights astonishing instances, like factories copying a customer's product formula and then audacious claiming it as their own intellectual property when asked for disclosure. • Profit Siphoning & Under-reporting: Paul details cases such as Chinese partners in joint ventures siphoning off all profits, and factories under-reporting production of patented goods to avoid paying rightful patent fees, even devising elaborate schemes to circumvent oversight programs. • Manipulation Tactics: I caution listeners about "guanxi" (long-term relationships), which, while valuable, can also be used as a manipulation tactic by factories. Understanding these strategies is paramount to maintaining an even playing field. I truly believe that "knowledge is power" when navigating relationships with Chinese factories. "Poorly Made in China" is one of the very best books I've seen on the subject—extraordinarily insightful and entertaining, despite the serious lessons it imparts. Honestly, I'd consider it "entrepreneurial malpractice" not to recommend it. If you trade with China, buy products from China, or develop products there, reading this book and understanding these dynamics will help you be better prepared and significantly minimize potential problems through proper management. Watch the full episode for a deeper dive: 👉 https://awesomers.com/53 You can also find more helpful processes and procedures on our mailing list at https://awesomers.com. For professional, Amazon-ready product photography for your China-manufactured goods, check out https://symoglobal.com. And for the business operating system for your marketplace business, visit https://parsimony.com. Let me know in the comments if you've read "Poorly Made in China" or experienced any of these situations! If you want to work with me check out https://catalyst88.com and https://humanitynow.com or our new chatbots at https://chat.parsimony.com #ManufacturingInChina #PoorlyMadeInChina #SteveSimonson #AwesomersPodcast #ChinaTrade #SupplyChain #QualityControl #IntellectualProperty #BusinessStrategy #GlobalTrade