Nice post, but I am disappointed that you did not post the names of the hotels you stayed at. I would have enjoyed details of where you spent your money.
Visiting Factories in China as an Entrepreneur
11–20 of 69 posts
Re: Visiting Factories in China as an Entrepreneur
#12I hope you didn't just take taxis around all day. Public transport, especially the trains in Hong Kong are day and night compared to most other countries in terms of pricing, speed and reliability.
6000USD/Month for 600sqft is ridiculous, even by HK standards. It's probably a 5-star serviced apartment, i.e. long-stay hotel.
Paying 200 to drive across the border is a rip-off though. There are trains and buses that take you right across for less than $20, in the same amount of time.
Re: Visiting Factories in China as an Entrepreneur
#13" All we had to do was download an app and click on some mysterious Chinese advertisements to top up our data. " This is the sort of shit that keeps network security people awake at night. I bet they enabled third-party app downloads on their Android phones and uninstalled some unknown .apk The future business leaders of America... fuck...
The previous sentence about SIM cards: "We tried to buy 3, and we were told they were free." Welcome to not-America. I think the free data reloads are a sign of how cheap mobile bandwidth could be. Maybe they can bring back that practice.
> "All we had to do was download an app and click on some mysterious Chinese advertisements"
I'm sure the app was tracking everything about you and selling your personal data. Apps do this in the US too, but just saying -- there are no free lunches.
For frequent international travellers, Google Fi and T-mobile both give free international data roaming at 2G/3G speeds, by the way.
Re: Visiting Factories in China as an Entrepreneur
#14[deleted]
Re: Visiting Factories in China as an Entrepreneur
#15" All we had to do was download an app and click on some mysterious Chinese advertisements to top up our data. " This is the sort of shit that keeps network security people awake at night. I bet they enabled third-party app downloads on their Android phones and uninstalled some unknown .apk The future business leaders of America... fuck...
Why does this have to be a scam?
Financing a public wifi hotspot by running advertisement is common thru-out the world.
Hong Kong has some of the cheapest and fastest internet/mobile network on the planet. Using the same business model with mobile data is a logical evolution.
Re: Visiting Factories in China as an Entrepreneur
#16" All we had to do was download an app and click on some mysterious Chinese advertisements to top up our data. " This is the sort of shit that keeps network security people awake at night. I bet they enabled third-party app downloads on their Android phones and uninstalled some unknown .apk The future business leaders of America... fuck...
Their doe-eyed turnip truck perspective was cringy all the way through. McDonalds is the same, but different! And they negotiated 3000 dollars off! How lucky! And he sent them off to Hainan Island. Prosperity and success can not be in doubt.
Re: Visiting Factories in China as an Entrepreneur
#17They make $350 sheets. Think about that for a second. $350 for cut and sewn planes of linen. I was all about it until I saw the price. Elevated for no reason. They sell it a premium price point to just give the illusion of extreme quality. It's made just like any other linen bed sheets you can buy with a few buttons to connect the top sheet to the duvet. Someone could make a duvet with some buttons and sell it at 1/1…
Actually, if you price us up against other _linen_ bedding you’ll see that we’re incredibly competitive. Something comparable would cost upwards of $600. Once you factor in the fact that linen lasts up to 10x as long as cotton the price becomes much more stomachable.
What does your margin end up being? I can imagine that cutting out typical retailer margins, stocking fees, insurance, etc... can cut a $600 bed set to $350 pretty quickly.
Re: Visiting Factories in China as an Entrepreneur
#18I hope you didn't just take taxis around all day. Public transport, especially the trains in Hong Kong are day and night compared to most other countries in terms of pricing, speed and reliability. 6000USD/Month for 600sqft is ridiculous, even by HK standards. It's probably a 5-star serviced apartment, i.e. long-stay hotel. Paying 200 to drive across the border is a rip-off though. There are trains and buses that tak…
>Paying 200 to drive across the border is a rip-off though
Agreed. For anyone planning a similar trip, the train to the border at Lok Ma Chau costs less than US$5 and you can then just walk through immigration. Taxis and the Shenzhen subway are right on the other side.
Re: Visiting Factories in China as an Entrepreneur
#19" All we had to do was download an app and click on some mysterious Chinese advertisements to top up our data. " This is the sort of shit that keeps network security people awake at night. I bet they enabled third-party app downloads on their Android phones and uninstalled some unknown .apk The future business leaders of America... fuck...
For anyone travelling to China through HK, China Mobile sell a $15 SIM in their HK stores that will give you 1.5 GB of 3G/4G data in both HK and China for 10-days.
China Mobile have the largest network on the mainland and I've used it a number of times without issue.
This also has the benefit of allowing you to access any site that is accessible from HK (all) while in China.
Edit:
URL: https://www.hk.chinamobile.com/en/corporate_information/Prep...
Re: Visiting Factories in China as an Entrepreneur
#20They make $350 sheets. Think about that for a second. $350 for cut and sewn planes of linen. I was all about it until I saw the price. Elevated for no reason. They sell it a premium price point to just give the illusion of extreme quality. It's made just like any other linen bed sheets you can buy with a few buttons to connect the top sheet to the duvet. Someone could make a duvet with some buttons and sell it at 1/1…
Actually, if you price us up against other _linen_ bedding you’ll see that we’re incredibly competitive. Something comparable would cost upwards of $600. Once you factor in the fact that linen lasts up to 10x as long as cotton the price becomes much more stomachable.
Just because comparable goods are more expensive, doesn't mean you cant cut the price to 1/10th. You're including margin with cost. These are separate variables in pricing.
Maybe slackstation has an incorrect view on achievable base material costs but your retort doesn't answer this.