Made in China Podcast: International Business | Crowdfunding | Entrepreneurship

Description:

Rico is a guest at Renaud Anjoran’s podcast. They talk about entrepreneurs planning to get started with manufacturing in China but ON A TIGHT BUDGET. 

Maybe you’re one of them and having the same questions as:

How do you reduce the cost?

Should you hire consultants or just do it yourself?

What budget do you need?

Learn these and more in this 2-part episode and be better equipped for the future!

Points of Discussion

How to develop a new product on a low budget?

The stair-step approach to manufacturing.

Sourcing & vetting suppliers

Sourcing tips from Renaud and Rico when on a low budget.

What are the basic terms you'll need to set with the supplier you select?

Description:

Part 2 of Rico on Leaders with a Heart Podcast. In this episode, Rico talks more about his Asian adventures and why he loves living in Southeast Asia! 

If you’re embarking on a same journey towards East, don’t miss this podcast! 

Highlights:

Pulling off huge orders. How did Rico do it?

Cause Rico is passionate about

Why Rico wants to keep the Philippines a secret

The unbelievable price of comfortable living in Asia

Smallest thing that gave Rico the biggest impact on business

What are Rico’s superpower, mission, and purpose?

About starting small

Description:

Get to know Rico in this interview with Payman Lorenzo — not only the entrepreneur from Canada but some personal stuff as well. 

If you need some dose of inspiration to fire you up, then this is for you!

Highlights:

Leaving Canada for an adventure in Asia

The thing that shocked Rico about China

The entrepreneurial spirit of the Chinese

What Rico misses in China

Rico answers what makes him — happy, smile, come alive, sad, scared

Rico’s dream as a child

What kept Rico going in his lowest moments in China

Get to know SFA Digital Summit

SFA ideal clients

Description:

Professional-looking product photos add value to your e-commerce business. But professional can also mean expensive! Not in China. In this episode, Rico shares how to save money on professional product photos in China. 

Highlights:

Advantage of living in Southeast Asia for entrepreneurs

How professional photoshoots are done in China

Hiring models

Steps in hiring photographers / doing photography shoots

Description:

Second part of Rico with Michael Michelini of Global From Asia. They touch on scams and doing events online. 

Highlights:

When the shipment is not what you expected

Doing a virtual networking event

Looking into the future - VR events

Mike’s exciting new ventures - VPN, Cryptocurrency

Post COVID plans

Description: 

In this episode, Rico chats with his friend Michael Michelini of Global From Asia about life in China, business, and COVID.   

Highlights:

How China has changed in a decade

E-commerce in China

How China treats foreigners

US-China relationship

Surprising change in the immigration

Mike’s business amidst COVID

WeChat story that almost robbed Mike of a business opportunity

Smart move on how Filipinos start Amazon business

Description:

You’re starting your business. You’re choosing which factory to partner with. Before getting on that stage, Rico shares his expertise on this subject. 

Highlights: 

Is working with a larger factory better?

Questions to ask a factory

Understanding the production timeline

Specialization and experience of the factory

Factories to avoid — those selling on amazon

Certification for your product

Description:

Maybe you’re considering hiring a sourcing agent for your business. Then, this episode is for you! Rico talks about when you should get the service of an agent.

Highlights:  

Is it the right time to hire an agent?

When you shouldn’t hire a sourcing agent

Things to keep in mind when working with an agent

The best way to find sourcing agents

Description:

Email remains to be essential in business. But in China, it's no longer the main form of communication. In today's podcast, Rico talks about WeChat, China's "super app" and its importance in doing business there.

Episode Highlights:

- Get to know WeChat and the functions that make it the "Super App".

- WeChat business accounts

- Main benefit of WeChat for business

- Creating WeChat groups with the manufacturers and clients

- Don't shift 100% to WeChat

Description:

This is Part 2 of the Global Sources’ MATCH Event episode where Rico and Mike talk more about sourcing in China. Also, in this podcast we’ll get information on sourcing in emerging markets in Asia.

Discussion on:

Negotiating strategy for suppliers in India, Vietnam

Logistics advice for sourcing in Vietnam and India

Questions about Compliance Certification

Where to find suppliers for small quantity orders

Standard payment terms for suppliers

Drawbacks in sourcing from countries outside China

Sourcing trends for 2021 - moving out of China