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Looking to start a business? Read this inspiring story!

Kika Angelic

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[whohit]Looking to start a business? Read this inspiring story![/whohit]Starting a business is a risky endeavor for anyone. When Rachel Lim set out to reinvent the retail industry, with no money of her own, she turned to the only person she could.

“I was bonded to the government, so I had to pay off the bond to stop school to start the business,” the Singaporean entrepreneur said. “I obviously didn’t have the money, so I had no choice but to go to my mom and ask for a loan.”

Lim’s mother was already working two jobs to support the family after the financial crisis crushed her dad’s shipbroking business. However, Lim said it was the pressure she needed to ensure her business was a success.

“That’s one of the reasons why I knew I could not fail. I could not let her down,” she said.

Highschool hustle

Lim is one of the co-founders of Love, Bonito, a female fashion brand tailored specifically for Asian shoppers.

The 32-year-old’s multimillion-dollar customized clothing line today adorns women and wardrobes from Hong Kong and Australia to the United States. But when she started out with sisters Viola and Velda Tan, and their secondhand clothes blog in Singapore some 15 years ago, that vision looked a long way off.

“My friends and I, we were still in school and we were just thinking of ways to earn extra pocket money,” recalled Lim.

“We thought: ‘Okay, why don’t we sell online our pre-loved clothes?’ Clothes that we would wear once, or twice, or wouldn’t wear it anymore,” she said.

In 2005, online retail was just starting out in Southeast Asia, but the appetite was growing fast as consumers gained rapid access to technology.

“People from, for example, Malaysia, Indonesia, Hong Kong would hear about us because they chanced upon the blog or the website. So that was when we realized that, hey, you can reach a lot of different people from all over the world … with just a click,” said Lim.

So, when the teens ran out of their own clothes to sell, they decided to up their game, pooling their $300 savings and traveling overseas to import more.

Reinventing the runway

That move got the ball rolling, taking the business, then called BonitoChico, from a pre-loved clothes blog to a fully-fledged fashion site.

But for Lim, something didn’t quite sit right.

“When we would import clothes to sell, there was always something that I wanted to change,” she said.A lot of international brands, they cater to European, American women that have very different body proportions.

“A lot of international brands, they cater to European, American women that have very different body proportions, skin tone, preferences and even climate.”

That realization sparked a new purpose for the young founders: To create a new fashion line specifically tailored to Asian women, with smaller sizes and kinder cuts.

So they gave the business a fresh look, changing the name to Love, Bonito — evoking a love letter to their customers — and creating in-house designs to better suit proportions.

To make real progress, however, the young entrepreneurs knew they had to commit.

So, in 2009, with just eight months of her teaching degree remaining, Lim quit university to focus on the business full time. She was joined at the time by Viola and Velda.

“I was juggling school and work, and I wasn’t excelling in both, and I realized that I had to focus on one,” said Lim, even if that meant leaning on her mom for support.

“She was really worried because online selling had barely just begun,” Lim said of her mom. “She was really worried that this wasn’t legal, or that the government would come after us.”

“But, at the end, she decided to take a leap of faith,” she said.

Fashion forward

It was that gamble that marked the start of Love, Bonito as it stands today.

In the years that followed, Lim and her co-founders doubled down on their dream to create an affordable and accessible fashion line for the Asian market.

That included recruiting a team of designers to execute the full creative process, from research and fabric selection to development and final production.

In 2014, Velda stepped back from Love, Bonito, but Viola remains in place today as a member of the board.

Meanwhile, Lim has established herself as the face of the brand and one of Southeast Asia’s rising women entrepreneurs. In 2016, aged 28, she was named one of Forbes’ 30 Under 30s in Asia. And in January 2020, she met with Singapore’s Prime Minister Lee Hsien Loong to discuss start-ups in the city-state.

To date, the business has raised over $10 million from investors, including Japanese online retailer Kakaku.com, to help fund its expansion into a host of physical stores.

But Lim said the real win has been proving to her mom that her gamble paid off.

“Incrementally, I paid her back whenever I had any money at all,” said Lim. “Priority for me was that she wouldn’t need to work three jobs or work so hard and such long hours and days.”

My name is Kristina Hajdukova, but I am known as Kika Angelic. I have been selling online since high school and I dedicated my entire life to helping other Amazon Sellers and building the seller community Regarding Amazon Seller Performance, you can always participate in my Amazon Seller Performance – Friendly Advice – Worldwide group, where you will be very welcome. If you are an Amazon Seller who needs help with any Amazon-related issues such as suspensions, listing blocks or is looking for professional assistance, please don’t hesitate to subscribe to my new OnlyFans page at: www.onlyfans.com/kikaangelic

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How Long do Factories Usually Shut Down for Chinese New Year?

Kika Angelic

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If you are an Amazon Seller who has been doing business involving importing from China for some time already, you may be familiar with the regular anxiety as February approaches each year. Every time Chinese New Year comes around, a lot of Amazon Sellers who rely on imports from China gets thrown for a loop. Rookie sellers often fail to anticipate the holiday’s impact on their production timelines, shipping timelines, and quality control.

As many seasoned sellers know, it’s critical to start planning for the CNY holiday far in advance. Factories shut down for several weeks, and after they reopen, it takes at least a few more weeks to get back up to full production capacity.

Here I will address the typical effects of these holidays and the actions you can take to avoid problems with your Amazon business.

How Long do Factories Usually Shut Down for Chinese New Year?

During the Chinese New Year holiday period, every factory in China shuts down… Yes, every factory. The official public holiday only lasts for seven to eight days. However, most factories are fully closed for two to four weeks.

Additionally, many Chinese factory workers take extra time off, leaving in the weeks leading up to company closure dates, slowing production down significantly. Many workers will not return immediately afterward, meaning it can take up to a month for production to return to full capacity after the holiday.

Why do Factories and Employees Take So Much Time Off?

Chinese New Year, also called the Spring Festival, is the country’s most important holiday. Like Thanksgiving or Christmas in the US, people travel back home to spend time with their families.

Since most factory workers are migrant laborers, they generally live far away from their hometowns and travel hundreds of kilometers or more to return home. If they have a husband or wife and children, it may even be one of the only times they see them during the whole year.

Companies require long closure times to allow workers to travel home and then back to the city where they work. 

5 Things You Should Note

With so many people traveling for Chinese New Year and the lengthy factory closures, there are certain things you need to understand if you want to properly manage your Amazon inventory and maintain your expected level of quality.

#1 It Takes Factories at Least a Month to Restart After Chinese New Year Holiday

You might assume that the same workers who left before the holiday will be coming back afterward. However, Chinese New Year is generally the preferred time to switch jobs in China.

Up to a third of workers might move to another factory or decide to stay in their hometowns and not come back. As such, your manufacturer needs to hire new workers and get them up to speed. Because of this, many factories will not be back to full production levels until about a month after Chinese New Year.

Based on my own experience, I had it frequently happen to me that a completely new salesperson turned up after February, who had no recollection of what I ordered before.

#2 There are Increased Quality Issues Before and After the Holiday

Before the holiday, factories are in a mad dash to get orders out the door, which leads to more things being missed and more quality issues than usual. You may see incorrect quantities of units received by Amazon FBA facilities following shipment, because your supplier opts to ship everything as it is (incomplete), as opposed to delaying and risking you cancelling the whole order. After the holiday, the factory needs to hire new workers who are more likely to make mistakes than experienced ones.

As such, consider stepping up your product inspection efforts in the months before and after the Spring Festival. 

#3 The Cost of Shipping Goes Up Drastically Around the Holiday

With the lengthy factory closures and the rush to get products out beforehand, manufacturers will often charge more if you want to ship an order close to Chinese New Year.

In addition to your factory taking time off, shipping companies also take time off. As such, heavy volumes are going to the ports before the holiday with only a limited number of ships, which means shipping rates go up.

Shipping rates have been a big topic in recent years, and they are much lower now than during the pandemic, but keep in mind that Chinese New Year is typically the most expensive time to ship.

#4 You Should Never Pay a Deposit Just Before the Spring Festival

Sometimes companies go out of business — and in China, the Spring Festival is the most common time of year to close down permanently. Factories that have not been doing well financially often choose to go out of business during Chinese New Year.

Paying a deposit just before the holiday can be a disastrous proposition. If your factory intends to close permanently and does not tell you, you may never get it back, so be sure to wait until they reopen.

#5 You Need to Forecast Far in Advance to Adjust for Production Times

As I have discussed, several factors affect production around the Chinese New Year. These include the rush before the holiday, the long closure times, and the ramp-up period afterward.

For any orders you would want to receive in March/April, you should start discussing them with your suppliers by around September/October.

When planning schedules, it is a good idea to take past data into account and also consider what may or may not happen globally. It is essential to forecast your inventory needs far in advance and consider many factors when developing your ordering schedule.

When do Factories Close for Chinese New Year 2024?

The dates for Chinese New Year and other traditional festivals are based on the Chinese lunar calendar, and thus they change every year, relative to the Gregorian calendar we use in the West.

February 10, 2024 is the first day of the “Year of the Dragon.” The official government holiday will last from February 10th through the 17th. Some factories may close earlier in the month and many will be fully closed for two to four weeks. So check with your factory contacts to get their exact closure dates.

As I have discussed, Chinese New Year is China’s most important holiday, leading to significant factory downtime and increased quality mishaps. As such, you should step up your quality control efforts around this time.

I hope you found this article helpful. If you are an Amazon Seller looking for free help with any Amazon related issues from me or other sellers with whom you can network, don’t hesitate and join our discussion forum for Amazon Sellers.

To stay in touch on Facebook, feel free to join and post into my large Amazon Seller Performance – Friendly Advice – Worldwide Facebook group, where you will be very welcome too.

If you would like to hire me to privately assist you, feel free to subscribe and reach out through my dedicated assistance page at www.onlyfans.com/kikaangelic, where I provide support with Amazon related matters in exchange for a small $24.99 fee. Alternatively, you can post into the free public discussion forum for Amazon Sellers, where I will answer your question.

Many Amazon sellers recently started trading stocks and crypto currencies, hoping to diversify their income, which is a very good idea with all the uncertainty which comes with the platform. For this reason, we launched a new Facebook group, Crypto Arbitrage Income (Bitcoin, Crypto, Altcoins, Blockchain, Trading) – feel free to join us and forget about the troubles of selling on Amazon for a moment!

Additionally, here you can watch my YouTube video, where I am presenting you several secret tips about appealing Amazon Seller Account suspensions (don’t be confused by the opening of the video, where I am enjoying a vacation – it’s a part of the story):

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Important Updates to Etsy’s Terms and Policies: What You Need to Know

Kika Angelic

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As an Etsy seller, staying informed about the platform’s policies and terms is crucial to ensure a smooth and successful business journey. Etsy, being committed to providing the best experience for its growing community, regularly revisits its House Rules to meet the evolving needs of its users. In this blog post, we’ll take a closer look at the recent updates announced by Etsy, set to take effect on July 24, 2023. These updates cover various aspects, including the Terms of Use, Privacy Policy, and Intellectual Property Policy. Let’s dive in and explore the key changes that may affect you as an Etsy member.

Etsy has made specific updates to the arbitration clause (section 11) for users in North and South America. The changes aim to provide clarity regarding which disputes must go through arbitration and outline the process for opting out of arbitration or rejecting the changes. Additionally, rules and procedures for arbitration, including coordinated arbitrations, have been defined. It’s essential to review this section carefully, as the revised arbitration agreement includes a class action and jury waiver. This means that most disputes will be resolved through private, individual arbitration rather than in court. To fully understand your rights and obligations, we recommend reading this section thoroughly. The revised Terms of Use can be accessed here.

For users in Europe, Asia, Australia, and Africa, Etsy has introduced a new section 12. This section outlines where disputes between users and Etsy will be resolved and specifies the applicable law in such cases. As an Etsy member in these regions, understanding this section will help you navigate potential disputes effectively.

Additionally, the Terms of Use have been refined to address certain legal rights pertaining to both users and Etsy. This includes limitations on Etsy’s liability, your indemnity obligations, and the license you grant to Etsy and authorized third parties to use the content you post through the Services. Familiarizing yourself with these terms is essential to ensure a clear understanding of your rights and responsibilities.

Etsy has updated its Privacy Policy to provide you with more comprehensive information regarding how your data is collected, used, and shared. The policy has also been simplified to enhance navigability, making it easier for you to find the information you need. It’s crucial to review the revised policy to stay informed about Etsy’s data practices and understand your privacy rights.

For users based in the United States, Etsy has included additional context in the Privacy Policy to address new U.S. privacy laws. This includes detailed explanations of how your data is collected and used, as well as information about with whom it is shared. The policy also outlines the steps to exercise your rights under these new laws.

Etsy’s Intellectual Property Policy has undergone updates to clarify the process for handling reports of copyright infringement and eligible counter-notices. As a seller, it’s vital to understand these guidelines to ensure compliance with intellectual property rights and protect your own creative works.

Staying up to date with Etsy’s terms and policies is essential for every seller on the platform. The recent updates, effective July 24, 2023, bring important changes to the Terms of Use, Privacy Policy, and Intellectual Property Policy. By familiarizing yourself with these revisions, you can better navigate the platform, protect your rights, and maintain a successful business. We encourage you to review the updated policies using the links provided in this blog post and reach out to Etsy if you have any questions. Thank you for being a valued member of the Etsy community!

I hope you found this article helpful. If you are experiencing issues with your Amazon Seller Account and your Seller Account already received a warning or is under a review, I can assist you and help you resolve the matter.

In order to receive a professional advice and get help with your Amazon issue, feel free to subscribe and reach out through my dedicated assistance help page at www.onlyfans.com/kikaangelic, where I provide help with Amazon related matters in exchange for a small $24.99 fee.

If you have an Amazon-related issue, feel free to join and post into my large Amazon Seller Performance – Friendly Advice – Worldwide Facebook group, where you will be very welcome.

Many Amazon sellers recently started trading stocks and crypto currencies, hoping to diversify their income, which is a very good idea with all the uncertainty which comes with the platform. For this reason, we launched a new Facebook group, Crypto Arbitrage Income (Bitcoin, Crypto, Altcoins, Blockchain, Trading) – feel free to join us and forget about the troubles of selling on Amazon for a moment!

Additionally, here you can watch my YouTube video, where I am addressing everything you need to know about Seller Identity Verification and how to pass it:

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OnBuy shares latest news

Kika Angelic

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In their latest marketplace newsletter, OnBuy shared what they have new.

Unlike Amazon, OnBuy strives to never compete with independent retailers, according to their statement:

“We’re determined to change the way consumers view online marketplaces, and that starts with our fair approach and commitment to you, our retailers. We vow never to compete with you but to treat you as equal partners and provide the best environment for you to grow.”

They were also working on VAT compliance.

“If this change is applicable to you, you’ll notice this reflected in the ‘VAT collected’ column on the orders page and also in reports on the VAT collected for orders.”

OnBuy further shared the list of their upcoming events:

Garden & Outdoors is a big focus over the coming months, covering everything from gardening and furniture to camping and outdoor sports. 

Searches for all things garden started climbing in March, with high demand for garden storage, gardening products and garden furniture expected in late April – May.

We’ve also got promotional pushes planned around Father’s Day (from w/c 16th May), the Queen’s Jubilee (from w/c 9th May), summer bedding (from w/c 30th May) and travel/holidays (from June). 

Here you can view the whole OnBuy newsletter:

I hope you found this article helpful. Many Amazon sellers recently started trading stocks and crypto currencies, hoping to diversify their income, which is a very good idea with all the uncertainty which comes with the platform. For this reason, we launched a new Facebook group, Crypto Arbitrage Income (Bitcoin, Crypto, Altcoins, Blockchain, Trading) – feel free to join us and forget about the troubles of selling on Amazon for a moment!

Regarding Amazon Seller Performance, you can always participate in our Amazon Seller Performance – Friendly Advice – Worldwide group, where you will be very welcome.

If you are an Amazon Seller who needs help with any Amazon-related issues such as suspensions, listing blocks or is looking for professional assistance, please don’t hesitate to subscribe to my new OnlyFans page at: www.onlyfans.com/kikaangelic

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