Well you have done some research and have decided that the Chinese market is one you want to enter with your business concept. There are some things you should do in order to prepare for your first meeting with your Chinese clients. Knowing certain Chinese negotiation tactics can really help you in your dealings with people from China. There are different forms of business meeting etiquette that you will want to make sure you have knowledge of before entering into any formal negotiation. Why is this? There are certain China business practices that if you do not know, you can come off like you are insulting potential business partners which is never a good thing. If you take the time to learn these Chinese negotiation tactics it can really give you a higher chance of success in doing business.
First and foremost, in order to achieve maximum business meeting etiquette you will want to enlist the services of some form of interpreter. It is assumed that you do not know the Chinese language which could definitely lead to things being misinterpreted or misunderstood. You want to meet with your interpreter before to not only get on the same page with them, but to go over any kind of relevant China business practices that you should be made aware of before the meeting. He will also be able to let you know of any particular industry jargon or work terms that are commonly used in the Chinese market.
Remember that it might be so that you feel there is not much progress made in your first meeting with a Chinese business professional. Do not worry because this is not abnormal in any way. Some common China business practices include group decision-making that will involve the people you are negotiating with running things by their superiors. In other words they will not rush to give you a concrete answer for anything until that had the time to run it by their bosses. Add to that that is a very important staple to the Chinese business world to develop relationships over time, this is why your business meeting etiquette and all the little things you do can have a severe impact on the success or failure of your potential partnership.
If you are expecting to visit your Chinese counterpart only wants to secure a deal you will probably be disappointed. The one very important things remember throughout the process is to not rush your potential partners. This is simply not how they do business in China and it will not be an effective Chinese negotiation tactic that you want to resort to. You're bargaining power will be resorted to nothing if you fail to comply with a very specific China business practices that are laid out for you.
Just like if someone from another country came to negotiating yours there are certain things they would need to know about your culture to get up to speed. This is all we need to practice good Chinese negotiation tactics. Your business partners will appreciate that not only do you have an interpreter, but you have trying to learn their culture to achieve the best deal possible for both sides. Remember to rely heavily on that interpreter as they can really help you avoid some huge pitfalls in your negotiations. Good luck in entering your new market and you will soon find that if navigated correctly the Chinese market is a wonderful one.