You absolutely cannot compete with China on cost or even quality. You can only compete with them on your narrative. Have a story to tell, tell it on youtube and social media, then maybe you can find a market.
My friend's business started just a few years ago and now it has 100+ employees and does millions in business per year. They are co-located with a metal shop. Despite this, they buy their strips of metal from China. China does it better and cheaper than the shop that is literally in the same room with them.
How does my friend's business do so well? Narrative. They target a specific market and have a fairly popular youtube channel. They are selling a story, an experience. They also created their market, so they have first-mover advantage and are bigger than all of their competitors combined.
At present, I agree, but it might not last. They look properly fooked from a few angles. I’m betting the world will look very very different in the next 12 months. Globalized trade might be going away if a couple things happen.
I’m betting the world will look very very different in the next 12 months.
That is almost always the wrong way to bet.
Globalized trade might be going away if a couple things happen.
Impossible.
I hope you’re right. I, however, watch YouTube.
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