The New Chinese Entrepreneur

There’s a new breed of Chinese entrepreneurs that is slowly changing the face of e-commerce in China. And they’re expected to reach a million in China. These are entrepreneurs who use the Internet largely for buying and selling to a world market. They do not hold fancy titles or company designations. They do not maintain expensive office spaces or retail stores in prime commercial areas. They believe in buying cheap and selling low to generate quick cash flows.

The key is in going straight to the source and negotiating for bulk sale prices without need for a middleman to broker the deal. Matches are made online using Internet fronts like Alibaba. Project leads are explored with just a few clicks on the World Wide Web. Retail sales are perfected also in electronic marketplaces such as eBay. Chat rooms, instant messaging, internet telephony and electronic mail facilitate negotiations and agreements. Ratings systems, online payment options and escrow payment services take the place of credit card transactions. Surely, there are takers out there because of the competitive prices offered by the Chinese entrepreneurs. What the entrepreneurs give up in price mark-ups, they make up for in the volume of their daily sales online.

At the end of the day, there will be more successful Chinese e-sellers as well as happy online buyers of Chinese goods.