Partnering With Chinese Suppliers to Develop Your Invention

The plan is that while the inventors have the idea, they know that the supplier has contacts in the distribution area. Therefore, by partnering with the Chinese supplier earlier on the development cost can be shared, making it simpler for the inventor, & the supplier can introduce the product to other markets, increasing sales so that they make more products (not to mention the additional share of profits they get from the partnership).

We have worked with individuals who have desired to create all sorts of inventions: fitness equipment, mobile add-ons & sports accessories. When these inventions become expensive to create some inventors get the idea of going in to partnership with Chinese supplier.

Chinese rely more on status, & partner with people of equal perceived standing. Therefore, in the event you require this sort of help, then it is feasible that you won't be viewed as a individual that ought to be partnered with. It seems off, but it is often true that it is simpler to get help when you do not require it.

This makes sense & it looks as if a lovely suggestion. & it is. But, it is & a western idea & approach to business.

This is not to say this approach is impossible. You require to keep in mind that the notion is not common in China. The idea of IP having value is comparatively new in modern China. Therefore, you cannot expect the Chinese supplier to look at your invention & think about its value. However, they will see the worth of a distribution network.

You would actually be more successful in the event you went to a supplier as a giant distributor than as someone with a great idea. Therefore, in the event you require to partner with a supplier, then you might be better of first partnering with a local distributor before you then approach a Chinese supplier. You would only require to get the distributor to agree to distribute if the product is proved to work. Then you would probably get much more support from a feasible Chinese supplier.

Alternatively, you might pick you require to do things the elderly fashioned way. Discover a venture capitalist to provide all necessary money & then start your business. You would use the funding to pay for all development, find distributors & such & then find an appropriate manufacturer.

The way you do it is up to you, but keep in mind that the approach of partnership is not common in China, & it will take more work than you might first think.