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.
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 the chosen few. For some it is the ultimate desire of the heart.
With families to feed, and a rising credit surge in China, the need for a greater 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 cards like we do in the US?
Speaking of food: O-boy-o-boy! I love (me) some spicy 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 are rising in cost. And eating cheap is one side of the coin. The other side is the price you pay for eating cheap. It brings on poor health.
Good food is not cheap, and cheap food is not good: No offense intended to the fast food millionaires who smile all the way to the bank.
Personally, 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 facing the average Chinese men and women are very similar to the those being experienced 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!” he said, raising his eyebrows.
After all said and done, who doesn’t need extra cash in this day and age? Credit cards are good, but cash is even better; don’t let the credit card companies psyche you out.
As far as marketing American products in China goes, my friend did mention some company names like Nu Skin and Amway. But I’m sure there are other distribution companies in the Direct Selling industry in that vast country.
To grab a toe-hold in the Chinese MLM market seems like a great (if not the greatest) opportunity: A target to aim for. With the knowledge that Direct Selling is the new 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.
Language barrier? What-chu talking ’bout? None such, my friend.
There is a way to get around the need to learn Mandarin. No Problem! Just find a few Chinese friends within your circle of acquaintance. Conduct a tentative interview or two to discover if there’s an interest in becoming millionaires. If there is, it would just be a question of time to build confidence: it’s that simple. Eventually you will be leading hundreds of network marketers far beyond the streets of Atlanta, or your hometown – wherever that might be. They will be your voice crying in the wilderness.
That’s what’s new in MLM China.