WOFE refers to Wholly Foreign Owned Enterprise and this is a limited liability company wholly owned by the foreign investor(s). WOFE in China was originally endorsed to encourage manufacturing and business activities and the introduction of new and advanced technology. However Wholesale Jaleel Johnson Jersey , when China entered the World Trade Organization these conditions were relaxed and gradually they were removed altogether.
WOFE in China is commonly found in the service provision industry in activities such as management consulting, offshore trading and software development. However, the unique characteristic about WOFE in China is that the involvement of a Chinese investor as a partner is not required and foreign nationals can transact their business as they deem fit. This gives foreign investors full control over their businesses since they do not have to involve strangers in the sensitive and intricate aspects of their business. WOFE in China is hence considered to be a great economic driver since it has led to an increased level of offshore investments in the country.
The good thing about WOFE in China for the Chinese government is that a WOFE is not allowed to sell its products directly into the Chinese market. WOFEs that sell into the Chinese market use innovative importation methods or export and re-import strategies. Under either of these methods a huge amount of additional costs are incurred as payments to the Chinese government in sizable duty rates.
Advantages of WOFE in China include the fact that foreign companies are able to uphold their global strategy without interference from Chinese citizens Wholesale Pat Elflein Jersey , achieve full business operability in China as an independent entity, ability to transact in foreign currency, protection of company secrets and copyrights Wholesale Danielle Hunter Jersey , unlimited control over the human resources, and improved efficiency in all aspects of the business be it operations, management or development of the company.
The different types of WOFE in China include WOFEs allowed to engage in manufacture only Wholesale Eric Kendricks Jersey , WOFEs allowed to engage in consultancy and service delivery, and WOFEs allowed to engage in trade either in a wholesale, retail or franchise capacity. These types of subdivisions in WOFE investment ventures underscores the fact that WOFE in China have been given a scope limited to the nature and aspects of their businesses as clearly defined by the government of China.
In a nutshell Wholesale Trae Waynes Jersey , WOFE in China has really been successful and has been a major factor that has greatly contributed to the growth of China鈥檚 economy into a world superpower. This is due to the fact that the Chinese have become a nurturing and welcoming people to the rest of the world and have opened up their country to increased foreign investment.
Barker Hicks - About Author: For more information about WOFE in China please visit
Using Offline Marketing To Drive Online Sales ECommerce Articles | May 10, 2007 Using a mix of marketing tactics within your business is an ideal way to bring in new customers and prospects. In this article you'll discover the actual results of a recent marketing test using offline tactics
We've been running several tests recently to see if we can take advantage of offline advertising to drive online sales with scaleable results.
We started by placing simple classified adverts in niche publications, and the national press Wholesale Laquon Treadwell Jersey , for several different products and had a number of different offers to tempt people to our websites.
The offers ranged from the simple 'free report online' to the 'Claim your free CD or DVD here'.
The Free Report
The free report website was a one page sales letter site that sold an entry level product and contained a name and email capture form that offered a free mini course or an in depth report delivered via email.
This site also offered to send out a printed information pack if the visitor left their full postal details.
Claim Your Free CD or DVD
This advert encouraged people to visit a website where they could claim their free CD or DVD about the topic. There were no catches or postage to pay they simply had to leave their name, postal address and email address.
The thank you page was a straight forward confirmation page and on one test we offered a free PDF report for download as an unadvertised gift.
The Follow up.
The free report website used an email autoreponder series as the main follow up process and delivered the information over a period of 7 days. After the 7 days we sent a mixture of sales emails and info emails.
The sales emails contained reasons to buy the product, testimonials from previous customers Wholesale Ben Gedeon Jersey , questions and answers about the product and a further 'bribe' offer to buy now.
In total there are 29 email follow ups spread over 52 days at present.
If the customer wanted a printed information pack this was sent first class the next day.
The customer was then placed in an offline follow up process that consisted of mailing the full letter again, a single page letter directing them to the website, a postcard Wholesale Dalvin Cook Jersey , a letter containing testimonials and an order form, an audio CD of the sales letter read out, a final offer letter and a last chance follow up.
The claim your free CD DVD advert responders were sent their CD or DVD next day by first class post and followed a similar path to the offline marketing process above. They also received email follow-ups along side any offline marketing.
The Results
With no surprise the offline follow up process converted far better than the online only follow up process and the mix of offline and online produced the best results.
Most adverts converted at around 2% for first time visitors to sales with the best one converting at just under 9%.