First off, I hope our readers in Texas are keeping safe and well in spite of the effect of the winter weather conditions and power outages.
Chinese Suppliers are back to work from Chinese New Year Holiday
If you’re sourcing products from China then you know about the long CNY holiday where factories may be shut down for weeks.
The good news is that some factories are already back to work as early as Thurs Feb 18, 2021, the official restart of work.
In actuality however, most factories will not be at full capacity until later once their staff returns, hires are made to account for workers that don’t return, and the rest of the supply chain returns to normal.
But if you are actively sourcing from China, it’s a good idea to check with your suppliers to see if they're back and to get the wheels turning again.
Online Retail sales continue to soar in Jan
In a recent live webinar I hosted for the 7 Figure Seller Summit - A panel consisting of an 8 Figure, a 7 Figure Amazon seller, and a service provider said that they saw better sales in January 2021 than in November 2020.
One potential reason is the stimulus checks from the US Government in January according to NBC News.
A second reason is the widespread adoption of online retail in many new shoppers including “baby boomers”, Americans over the age of 65.
All in all, signs continue to point that ecommerce growth will continue in the near future.
China Sourcing workshop conducted by Global Sources.
This is a 2-day live, interactive workshop conducted by sourcing veteran Steven Selikoff. The workshop will cover topics related to product differentiation, pricing, negotiation, inventory management, business protection, QC, shipping, scaling and more.
Participants get assigned a faux-product which they use in value/price validation, sourcing exercises and negotiation role-plays during the workshop.
The event is ideal for both veterans and new Amazon sellers. The strategies can be utilised for selling on Amazon as well as in retail stores.
Session 1 - Fri Feb 19, 4pm - 7pm PST
Session 2 - Fri Feb 26, 4pm - 7pm PST
Use the coupon code 8020 for 10% discount.
Sign up here: www.globalsources.com/china-workshop
Next if you’re looking for a research tool to validate your product ideas or if to do deep keyword research, we have negotiated a special offer where you can Get Your First Month Free at Helium 10
Only the first 100 people to reply can claim this offer and you’ll receive one free month of a Helium 10 Platinum Plan… No strings attached.
Offer expires February 28, 2021 at 11:59pm PT.
Please note that to be transparent I am an affiliate for Global Sources and Helium 10 and I believe that they can help you with your business depending on your needs.
If you do sign up through the links above, then I will get credit and will receive a small commission. This helps pay for my coffee! If not, and you’re interested then please feel free to visit their websites directly. Thank you!