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Interesting one on one with SourceFindAsia CEO Rico Ngoma and Gary Huang - Founder of 80/20 Sourcing and the 7 Figure Seller Summit. Gary has helped thousands of e-commerce entrepreneurs save time and money sourcing product from China and scale their businesses. He talks about selling online on Amazon, eBay, etc., but most specially the 7 Figure Seller Summit which you wouldn’t want to miss. Check out this video to find out why.
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In this episode, Rico shares with us what happened with his company last year and plans for 2023.
Rico will take us through his company's accomplishments in 2022 and give us insights into his company's vision for 2023, including new projects and initiatives they plan to undertake.
In the Q&A portion, Rico will answer questions from our listeners:
Difference between Western New Year and Chinese New Year the people do not know.
Percentage of clients that recommend SFA’s services
How long will it take for SFA to become familiar with a client’s account to take over the function
Which of Rico’s businesses he enjoys and would keep
Rico’s profession if he were not an entrepreneur
Whether you're a business owner looking to manufacture your products in China or simply curious about the Chinese manufacturing industry, this episode is for you. Join us as we delve into the world of Chinese manufacturing with Rico Ngoma on the Made in China Podcast.
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#FromTheArchive
This week's episode was a first! We got the chance to interview a fan of the podcast, he reached to us via email, Rico met him for drinks in the Guangzhou IFC Tower and now he's guest on the show. His name is Ryan Flynn, he's a designer in NYC, who works for a multi-national sportswear brand as their Design Director - specifically in their athletic footwear department.
Topics Discussed Incl:
When working with Chinese trading companies is actually the best option for you
What happens when your factory switches out materials on you
Dealing with China remotely
Ensuring you get the best out of your designs when certain materials are expensive
How he gets high volume orders done with insane time constraints
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#FromTheArchive
Goals are important for business people. Goal setting is a method of determining what you would like to achieve in life and the specific actions you will take to reach your goals.
As we approach the new year, Rico and ChinaMike talk about the importance of setting goals for the entrepreneurs.
POINTS OF DISCUSSION
One goal they succeeded and one goal they failed at last year and why.
What they've learned about goal setting through trial and error
Balancing realism and optimism
How announcing your goals publicly holds you accountable
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Here Rico and Allan discuss a few topics like hiring a personal assistant and Rico’s sales experience.
POINTS OF DISCUSSION
Rico’s goal of getting a personal assistant
How his PA make his life more efficient
Rico’s sales experience as a teen
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Rico talks to Aladdin Farré about the media industry in China. Aladin is a content producer who has worked in both China and France. He moved to China in 2015 and some years later founded a company called China Compass Productions with the aim to help content and stories cross borders.
Rico and Aladin discussed what are the criteria in producing a good documentary and the difference of French and Chinese media.
POINTS OF DISCUSSIONS
Western media vs Chinese media
China’s Dragon Stamp
Foreign movies in China
Where is China’s media industry going?
Making content in China
Useful skills in the media industry
Aladdin’s recommendations (podcast, book, series)
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Rico talks to Aladdin Farré about the media industry in China. Aladin is a content producer who has worked in both China and France. He moved to China in 2015 and some years later founded a company called China Compass Productions with the aim to help content and stories cross borders..
Rico and Aladin discussed what are the criteria in producing a good documentary and the difference of French and Chinese media.
POINTS OF DISCUSSIONS
Types of documentary
Moving to China
Why Aladin got interested in documentaries
Rico plans on making a documentary about his father
What are the qualities of a good documentary
How to stay relevant
Aladin’s struggle in China
Doing media in China versus other countries
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If you’re searching for something to watch or listen to, Rico and ChinaMike talk about the movies, series, and podcast that hooked them recently.
POINTS OF DISCUSSION
How young people use Discord
Joe Rogan with Yeoman Park
Rico and China Mike’s recommended content
SFA Discord
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What’s going on in China now? Rico and ChinaMike talk about random things about China.
POINTS OF DISCUSSION
Situation of Basketball in China
Viewing Covid as common disease
What the banks are doing during Covid
Where is China going?
Why Rico wants to stay in the Philippines for business?
Business transitions in Covid
Where SFA is heading?
The SFA Discord Community
EP 243 - Brutal Buddha Product Launch
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Rico talks to Evan Tate of Brutal Buddha before the launch of their new product line. Check out the great deal!!!
POINTS OF DISCUSSION
Brutal Buddha’s Mission
Business journey and changes last year
Lessons from the past year
Business growth during Covid
Product launch details
Important qualities of leaders
The story behind the new products
Product line, Product deals
What’s in the next 5 to 10 years
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Rico talks to former employees, Luc and Vincent. They look back at their SFA days and how are they now.
POINTS OF DISCUSSION
Blockchain in Africa
Frustrations in doing business in developing countries
Living in different countries
Why the Philippines is interesting to live in?
Productivity in remote work
Work from home or rent an office?
Business milestones during the pandemic
Changes in Rico’s work-life balance
Dealing with burnout
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Rico talks to former employees, Lucy and Vincent. They look back at their SFA days and how are they now.
POINTS OF DISCUSSION
Pros and Cons of living in 2 different countries as a kid
On Relationships: finding someone with the same mindset
Starting a company and Investments
Love-Hate relationship with China
SFA customer base
Digital Assets
Marketing Shift
Expanding to the Philippines
Rico talks about personal long term plans
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Rico talks to former employees, Lucy and Vincent. They look back at their SFA days and how are they now.
POINTS OF DISCUSSION
Axie Infinity, Crypto in the Philippines
Keeping in touch with former colleagues
Ego, Foreigners, and English Teachers in China
Issues of living and doing business in China today
Guangzhou during the pandemic
Digital Relationships
How Covid affected their life and career
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Rico talks to former employees, Lucy and Vincent. They look back at their SFA days and how are they now.
POINTS OF DISCUSSION
How they got the job at SFA
Experience in Asia and working for SFA
What they learned from SFA
What are they up to
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Rico and ChinaMike talk about business payments in China. With all the stricter rules and regulations when it comes to payment transactions, it is becoming a greater challenge day by day.
POINTS OF DISCUSSION
Forecast about upcoming business difficulties in China
Why China will still be significant in businesses for years to come.
Anti-China vibe in the US
How to manage mass production as a company with no presence in China.
SFA on Discord
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Rico and Allan share more about doing business with Event Fuel and PayPal. On the side note, they also talk about wedding plans. No, it’s not Rico’s (yet).
POINTS OF DISCUSSION
Big companies take time to make payments
Why Rico enjoys working with “in between” companies
Allan’s assessment with Events Fuel project
Talking about Company Values: Fairness in Business
Personal Stuff: Allan’s wedding plans
Stoicism, Journaling, and Digital Detox
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Rico and Alan share updates about working on a project, Events Fuel and PayPal.
They discuss the challenges they had to go through especially the shipping.
POINTS OF DISCUSSION
Issues with taxes in the Philippines
Big problem with the freight industry and the supply chain
Advantage of having an employee from the country where you’re doing business.
Major Obstacle: Shipping
Cultural barriers in business
Difficulty of starting sourcing business
Working In Your Business VS Working On Your Business
Another PayPal project for Christmas
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Part 2. In this episode Young Jaymee shares how she met Rico and eventually started working for SFA. And get to know what’s very special about our Content Manager.
POINTS OF DISCUSSION
Young Jaymee “The Plug”
How Young Jaymee’s passion to help got her started working with Rico
Importance of Connections (part 2)
Young Jaymee as SFA Content Manager
Her unique skill set that landed her the job
Jaymee and Rico’s friendship over the years
How crazy can Jaymee get when helping others
Source Find Asia Discord Group
Young Jaymee on her future plans
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Part 1. Get to know “Young Jaymee”, the newest addition to Source Find Asia’s family. Young Jaymee is the Content Manager from the Philippines.
POINTS OF DISCUSSION
Jaymee’s passion to help people
Wanting freedom, running away from home, and more about her colorful background
Importance of connections in life in general
How and why she started her freelancing journey
How working online gave her a more balanced life
Common issues of hiring staff from Southeast Asia
How to find good online employees
Story of a wasted opportunity
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Two years into the pandemic, Rico asks Mike about the current business atmosphere in China where he is based. How different is the situation now in Asia’s economic giant for foreign businesspeople?
POINTS OF DISCUSSION
How the pandemic affected the Podcast release
What’s up with Mike almost a year after the last MIC podcast
Why it’s getting more difficult for high profile people in China
Why Rico won’t talk politics to Chinese people
Lockdowns in Shanghai and Shenzhen
Where is China heading?
How will China’s covid policy affect businesses?
Don’t depend on China alone
