EP 53 - Steve Simonson - Poorly Made in China Book Review

Steve Simonson - Poorly Made in China Book Review Chinese manufacturers have transformed their country into the world's export powerhouse which attracted a lot of foreign businesses. On this episode, Steve introduces us to the Book of the Week, Poorly Made in China by Paul Midler. Paul has worked in China for close to two decades and has amazing insider revelations about doing business with China. Here are more awesome takeaways on today’s episode: How Chinese manufacturers widen profits and margins through “product fade”. The “Counterfeit Culture” of factory owners. The principle of “Guanxi”. And the other things that can go wrong when companies shift production to China. So, if you do business in China or plan to do so in the future, take time to listen as Steve discusses this book in-depth and get valuable insights that can benefit your business. 2:03 (Steve introduces today’s Book of the Week, Poorly Made in China by the great Paul Midler.) 05:00 (The concept of Product Fade.) 9:32 (Steve talks briefly about one chapter of the book called Price Go Up.) 16:08 (Steve shares a story about a joint venture between North American and Chinese companies.) 20:24 (Steve iterates why Poorly Made in China is a must read.) Welcome to the Awesomers.com podcast. If you love to learn and if you're motivated to expand your mind and heck if you desire to break through those traditional paradigms and find your own version of success, you are in the right place. Awesomers around the world are on a journey to improve their lives and the lives of those around them. We believe in paying it forward and we fundamentally try to live up to the great Zig Ziglar quote where he said, "You can have everything in your life you want if you help enough other people get what they want." It doesn't matter where you came from. It only matters where you're going. My name is Steve Simonson and I hope you will join me on this Awesomer journey. SPONSOR ADVERTISEMENT If you're launching a new product manufactured in China, you will need professional high-resolution Amazon ready photographs. Because Symo Global has a team of professionals in China, you will oftentimes receive your listing photographs before your product even leaves the country. This streamlined process will save you the time, money and energy needed to concentrate on marketing and other creative content strategies before your item is in stock and ready for sale. Visit SymoGlobal.com to learn more. Because a picture should be worth one thousand keywords. You're listening to the Awesomers podcast. Steve: Hello again Awesomers. It’s Steve Simonson and I'm coming back to you with another Book of the Week episode. Now, this is episode number 53 and so as our tradition has established all you have to do is go to Awesomers.com/53 to get the latest show notes, details, any links and so forth. Sometimes we'll even throw in a bonus or two on that page, so definitely you want to get Awesomers.com and check that out and while you're there don't forget maybe check out the mailing list. We don't spam you with a bunch of stuff to buy. We just send you kind of helpful things, a lot of the things that we've talked about on the show with actual processes and procedures and ways for you to kind of act on these things, so it's all free nothing to worry about and I encourage you to do that straight away. 02:03 (Steve introduces today’s Book of the Week, Poorly Made in China by the great Paul Midler.) Now, today is again another Book of the Week episode and we're going to talk today about one of my favorite books and it is called Poorly Made in China by the great Paul Midler. Now, Paul is a brilliant author, but he goes far beyond just an author. He's lived kind of all the stories that he outlines in the book and as someone who's been trading with China since you know way back since maybe 2002 is when I first went there