Doing Business in Asia: Making a Good Impression

It may go without saying that first impressions are important in business, but they are particularly crucial when you’re doing business in Asia.

Your image matters. Looking polished and sharp in a business meeting not only reflects well on you and your business; it also indicates respect for your host.

Proper Attire
For example, wearing an open-neck shirt, and going without a tie, is usually appropriate when you’re visiting suppliers, particularly if you’re touring factories. However, for other business meetings the dress code is stricter. Men may need a suit and tie, and women should wear a skirt or dress that falls below their knees, along with a jacket or sweater that covers their arms. All dress should be weather appropriate; wearing a heavy suit in a humid city can be uncomfortable and can interfere with the impression you want to create. You also need to make sure your socks are in good condition as shoes are prohibited in certain places in Asia, including some restaurants.

Business Card Etiquette
Business cards are another crucial consideration. Make sure you have plenty, because you’ll be giving away a lot of them, especially when you meet potential clients for the first time.

Following these tips can help you avoid cultural business-card gaffes:

·         Use both hands when presenting and receiving a card. Using one hand in Asia is considered casual to the point of rudeness.  Although it is common to slide you cards over a table like dealing at a casino in the West this is not done when making a good impression in Asia.

·         Properly acknowledge your associate. You do this by accepting his or her card and examining it carefully.  If you are not sure how long this should take be guided by how long they look at your card.

·         Ask, “how should I address you?” Asian businesspeople are keenly aware of position and hierarchy. Titles are important, so don’t guess; ask! Do not be afraid to write down their preferred title so you can refer to it during the meeting.  When you make the effort to be respectful it is noticed and the other “mistakes” you will make are excused.  Also, never use a client’s given name unless he or she invites you to do so.

·         Keep the client’s business card on the table during your meeting. It is also acceptable to place it in a cardholder. Either way, leaving the business card in full view for the duration of your meeting will show appropriate respect.

Mawson Global can help you navigate the process of doing business in China and other Asian countries – and making a good impression while you’re there! In addition to arranging hotel and flight bookings, Mawson Global’s on-site staff can advise you on the proper way of dealing with Chinese businesspeople, along with briefing you on local businesses practices, business development, and the country’s customs, holidays, and practices. 

Mawson Global’s Quick Look Analysis Provides Cost-Savings Proof

Every client we ever talk to shares a common characteristic – they want to improve profit. Yet the path to successfully achieving this isn’t always clear-cut or easy to follow. There are many ways a company can grow its business and bottom line, and one of the best is by reducing costs through global sourcing.

 

Mawson Global helps companies achieve this objective by offering global sourcing solutions that dramatically reduce their costs and improve their bottom line. Our mission is to reduce your risk by providing comprehensive assistance, valuable expertise, and effective solutions to your most challenging global sourcing needs. In 2012 we saved our clients more than $19 million.  

 

It’s easy to make claims of savings grandeur, but we back ours up with a complimentary quick look analysis.

 

This snapshot shows you exactly how much you can save by partnering with us to source a particular product. Each quick look analysis provides vital stats on the product you’re considering sourcing, including:

 

  • How much the product will cost landed at your location including the current cost per unit, FOB cost, and estimated landed cost.
  • How much you could save shown as total annual savings, three-year savings projection, savings per unit, and potential profit percentage.
  • Approximate annual volume.
  • Basic product specifications.
  • A product image.

The quick look analysis is completely free, and you’re under no obligation to partner with us… although, most companies do when they see how much they can save!

 

All you need to do to start this process is take our Ten Product Challenge online at www.MawsonGlobal.com/Ten-Product-Challenge

 

Reliable and affordable global sourcing solutions are within reach -- find out how much you can save by requesting your quick look analysis from Mawson Global today.

 

If you require further information from Mawson Global, please contact us at +61 8 7123 2601 or online at mawsonglobal.com/contact.

 

 

Mawson Global’s Dynamic Approach to a Canned Product Quandary

When ABC Sales and Marketing (ABCSM) -- one of Australia’s largest snack food importers -- needed assistance researching the profitability and feasibility of a new canned vegetables line, the company turned to Mawson Global.

 

Finding quality overseas suppliers in a timely manner can be a challenge for domestic companies who lack the time and resources to conduct a proper search. Fortunately, it’s one of Mawson Global fortes given its broad global market knowledge and long-standing expertise.

 

“After seeing the wide range of services Mawson Global offered, we could instantly see how they could streamline our business and take the hassle out of sourcing high-quality products,” says Matthew Parry, national account manager at ABCSM.

 

Mawson Global’s team in China quickly went to work using a proven and effective rating system to review more than 30 suppliers for ABCSM. In analyzing six different types of canned vegetables, there were some suppliers offering very cheap options. However, only those with a track record for high quality, reliability, and efficiency made the shortlist. These dependable suppliers in Qingdao, Xiamen, and Tianjin earned their spot on the list by scoring highest on Mawson Global’s ratings card. ABCSM deals with large national retail chains whose customers demand excellence, quality, and value; so cut-rate suppliers were not an option.

 

Three weeks after starting the search, Mawson Global delivered a comprehensive, streamlined sourcing report outlining its unbiased supplier recommendations for ABCSM. Using the material in the report, ABCSM was able to make an informed decision and forge a solid partnership with a reliable supplier. This new partnership allowed the company to successfully launch its canned vegetable line, and it’s now projecting an annual profit increase of $42,000. The company is also projecting a long-term relationship with Mawson Global.

 

“In our industry, we are constantly asked by national retail chains to find and present new products,” Parry says. “We now use Mawson Global on a regular basis and are always impressed with their level of service, attention to detail, and business integrity.”

To download full Case Study, please Download a copy here

Overcoming Changing Sourcing Costs

What do you need to consider before making the decision to change suppliers (especially if it is offshore)?

The Scenario :

You have identified the perfect product online and have told your existing supplier they are too expensive and to never call you again!  You place your order and find the cost quoted online has just doubled.

 

What do you do? To avoid to above scenario from happening with your business, consider all additional expenses outside of the original quote, especially if your product is currently sourced locally.

Additionally, follow these 5 tips to ensure you have a realistic initial quote.

  1. Get your specification absolutely correct so the supplier quotes for what you want
  2. Get multiple quotations from different manufacturers
  3. Work with manufacturers rather than agents
  4. Always allow some “slippage” in the total cost - around 10%

Global sourcing can be very cost effective for your business, if you approach it intelligently. However, the process can be time consuming. Moreover, fostering a relationship with suppliers overseas costs not only money, but also time and energy. Most likely a lower priced, higher quality manufacturer does exist, but make sure you don’t jump ship on a current relationship solely because the grass appears greener on the other side.

 If you would like help assessing your supplier options, the professionals at Mawson Global can give you peace of mind.