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4 Factors that Drive China's Growth Today

Written by David McDonald, Quora To make sense of China’s next decade, it is critical to grasp that there is no single driver of the nation’s future. Instead, four very different drivers are pushing the country forward at once, all powerful, and all interacting with each other in unanticipated ways. The first driver is an aspect of the country’s economy and culture that I call “ Open China. ” The emerging potential of China’s consumer markets is well known to outside producers, many of which, like General Motors, have already come to depend on these markets for their profitability. Unlike other leading economies in Asia, including Japan and South Korea, China began opening its markets to foreign companies at the very start of its economic reforms and it has opened them ever wider ever since. At the same time, the Chinese people have rapidly advanced as consumers; the wealth created by China’s growth has created a substantial middle class. Putting a precise number on t

Doing Business in China: Myths and Truths

Many people have got the following facts wrong about doing business in China: 1. Doing Business in China is NOT about Doing Business with the Chinese Only This is because there are many non-China Chinese and many non-Chinese especially in major cities like Shanghai, Beijing, Guangzhou and Shenzhen.  2. Doing Business in China is NOT about Doing Business with the China Government or Communists This is because there are many private sector businesses in China that one can do business with.  Also, although the Communist Party of China governs China, there is very little communist-type of governance in business as the whole economy has been run like capitalist system since 1979 3. It is hard to take out money made from doing business in China. There is no restriction on the amount of money that foreigners can take out from China, except of the limit of 20,000 RMB cash at the airports. Almost every bank in the world has branches in China, so you can freely transfer money in and o

The BMW Way to Closing All Sales

(Read 'What Uber did not Tell Young Drivers at here ) In our sales training in Asia including Limitless Selling, Successful Sales Strategies and How to Close Every Sale, we teach the following simple 3-steps BMW approach to closing all sales: Step 1 B: Buy from Your Prospects Yes, don't sell anything to your prospects and instead buy from them.  Buying doesn't mean you must buy like what you do in a retail shop, buy means buy whatever they are doing now.  If they are now in the process of upgrading their computer system, you need to buy their work by saying that you will be happy to pay them lots of money if you were their customer Once you bought from your prospects, you become their customer and you are no longer their vendor! We know people treat customers better than they treat vendors.  From now on you gain their trust and respect for you are one that no just care for them but take action on the people you care. Step 2 M: Make them Money After you have bou

What an Executive Coach and Business Coach Does

What Do Coaches Do?

People often asked me what do I as a Business and Executive Coach do. Do I teach people, motivate people and counsel people?  As a coach, what make me able to help people that are more experienced than me?  Do I only cover soft skills and not focus on hard skills?  Why should anyone pay me to coach them?  Can people do self-coaching?' The answer to the above questions is simply this: a coach does one and only thing: solve problems. We help our customers solve their problems. Note that we don't help people solve the symptoms of their problems , which is what most consultants do. For example, if your company's sales is down, consultants and trainers would tell you to train your salespeople, make your products and services more attractive and so on. As a coach I go to the root of the problem, which could be simply your company is serving the wrong market and your sales compensation scheme is not attracting more sales. How do we go to the root of your problem?  By ask

3 Steps in Psychology

Psychological Selling

Customers have certain psychology and if we could understand their psychology and go along with them, they will buy from us automatically. Psychological Selling is connecting with people's hearts and get into his inner world with the purpose of solving his problem.  It is like the doctor who always do consultation before he dispenses any solution (medicine) to the patient. And of course the doctor must connect with the customer or the customer will not share openly with the doctor. The doctor gets the customer to open up with him by showing concern and having a real connection with him. Whether you have been selling all your life or you are new in sales, you need to move from hard selling to heart selling. Master the art of Psychological Selling selling and you’ll see your sales soar.   POWER-PACKED CONTENTS INCLUDE: Psychology of customers: do they only care for themselves? The main concepts of psychology and how to apply them in your sales Three-step Psychologica

Passive Income as an Employee

We all know that to achieve financial freedom, we need to not work for money and let money work for us. This means we must have income when we are not working, or commonly known as passive income.  Unfortunately, most people never think that they can have passive income, for they think passive income is only for investors and business owners, especially people in Network Marketing or MLM. Today I shall teach everyone how you too can have passive income, even though you are just an employee and hold no investments and not doing network marketing business. That's right, you  hold on to your full time salaried job and get passive income. Passive income, according to the dictionary, is i ncome you earn when you are not actively working or working passively . Notice the key word 'working'. That means you earn passive income  when you work , just that you are not working actively. According to research, there are 3 levels of passive income: At the highest level of pass

团队的力量 Team Power