Believe it or not, the Chinese middle class population currently stands at well over 1 billion people. One-sixth of the world’s population calls China their home. What's new in MLM China?
These figures definitely deserve the attention of internet home based business owners - those who are seeking international expansion.
Middle class folks everywhere generally have a small margin of disposable cash. They are dependable workers who want a little more out of life. To become rich and work from home is an attractive combination. For some it is the desire of the heart. MLM could be the answer.
With one billion mouths to feed, and a rising credit surge, the need for a growing income is a definite must have.
Quoting an excerpt from “China’s Credit Boom Spurs Concern” with the subtitle - Officials Weigh More Regulation, Fearing Banks Are Taking On Too Much Risk. The article was written by Jason Leow in Shanghai and Andrew Batson in Beijing, April 21st, 2009.
“China's government is considering measures to regulate the torrent of bank lending, arising from concerns that much of the credit surge that has helped keep the economy growing could be wasted.”
“A senior official at a local branch of the China Banking Regulatory Commission said the commission is considering rules aimed at ensuring that loans go to the real economy, such as government stimulus projects, rather than being diverted into the asset markets or bank deposits. A spokesman confirmed Monday that the rules are being circulated internally for comment:” end quote. This article was printed in the Wall Street Journal page A4.
Here is a question I’d love to get an answer to. Are people in China buying food on credit like they do in the US?
I love (me) some Chinese food. Just the thought of it makes my mouth water. But there is a noticeable difference between the food served in Chinese restaurants in my area, and the tasty dishes prepared by my Chinese friends here in Atlanta.
Whether you like it or not, all food items cost money. And eating cheap is one side of the coin. But quite often the price you pay for eating cheap brings on poor health in the long run.
Good food is not cheap, and cheap food is not good. No offense intended to the fast food millionaires who carry-on smiling all the way to the bank.
I have a small cluster of Chinese friends. They tell me the economic downturn is also showing a negative effect upon the great Chinese population. Although the Chinese Yaun might be holding its own against the American dollar, according to my friend who recently returned from vacation in his homeland, the day-to-day challenges for the average Chinese person are very similar to the effects here in the United States of America.
I asked my friend “Is there a need for extra household income in China?”
He gave me a monosyllabic answer.
“YES!”
After all said and done, who doesn’t need extra cash in this day and age? Credit is good, but cash is better; don’t let the credit card companies do a number on your mind.
As the debt numbers continue to sky-rocket even in the far corners of the earth, people still have to eat. A person can tighten his belt by only this much more. Anything beyond that is bordering on starvation.
As far as marketing American products on the internet in China is concerned, my friend did mention a few company names like Nu Skin and Amway. But I’m sure there are other companies in the Direct Selling industry in that vast country.
To break into the Chinese market seems like a great (if not the greatest) opportunity to expand your MLM business. Seeing that Direct Selling is the wave trend of the future, it is feasible to think a well-planned marketing campaign will go off with a bang; like the gunpowder the Ancient Chinese gave the rest of the world.
There is a way to get around your need to learn Mandarin.
Go find a few Chinese friends within your list of acquaintances. Conduct a few tentative interviews with them to discover if they'll be interested in becoming millionaires. If they do, you might not hear a clap of thunder, or see a flash of lightning. It would be just a matter of time and building confidence and show yourself as a leader. From then on they will become your voice in a strange land. It’s really that simple. That's what's new in MLM China.
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