I consciously decided to share my six-year business plan with the market, rooted in my extensive experience in the permanent magnet industry. From this strong foundation, my objective is to deliver exceptional project support and manufacturing services to businesses across the USA.
The Saturated Market of Neodymium Magnets
My journey began as a sales manager, marketing and selling neodymium magnets produced in China to various countries. However, the neodymium magnet sector has been saturated for years, with supply significantly outstripping demand. This oversupply issue extends to the magnetic assembly industry, where neodymium magnets are combined with other components, particularly metals, to create what are known as magnetic assemblies.
China’s Magnet Market Routine
China is home to a multitude of manufacturers, processors, magnet assembly factories, and international trading companies specializing in magnets. Typically, these entities engage in repetitive activities. For example, when a U.S. company sends an RFQ to five Chinese international trading firms, these firms translate the RFQ into Chinese for factory workers and modify the accompanying drawings (removing any logos). In extreme cases, a single factory might receive identical drawings from all five trading companies.
Essentially, one RFQ sent to five Chinese firms can lead to multiple, identical RFQs being distributed to various factories. Therefore, price competition is unavoidable, as numerous trading companies can provide the same offerings from the same sources.
Tired of the Price Competition Game
I’m weary of this game because everyone competes in the same way. I feel that if I continue to engage in a business primarily driven by price competition, my true talents, such as my innate strong curiosity, my ability to learn quickly, and my resourceful thinking, will be suppressed, leading to a waste of my potential.
However, to break away from this monotonous game, it’s crucial that I tap into my Unique Abilities.
P.S.: It’s crucial to acknowledge the vital role of these international trading companies in this business ecosystem. Their presence is indispensable. Some own their factories, while others don’t. For most customers, the key factors are the level of support these factories provide to the trading companies and how professional and responsive the trading companies are.
If I continue to engage in a business primarily driven by price competition, my true talents, such as my innate strong curiosity, my ability to learn quickly, and my resourceful thinking, will be suppressed, leading to a waste of my potential.Jonah Jin
How We Developed Our Unique Abilities
Developing our Unique Abilities has been quite a journey. It’s a few long but fascinating stories. I’ll share more about it in a blog post during my free time, or I’m happy to recount these experience when we meet in person.
What Peter Thiel said in this video really inspired me to find my unique abilities as a magnet company and a niche market that no one else is really focusing on.
What Our Unique Abilities Are
Polar-anisotropic Multipole Ring Magnet
Many companies involved in developing electric motors are still unfamiliar with this magnet. Polar-anisotropic ring magnets offer several advantages over radial-anisotropic ring magnets, such as higher flux density and a more ideal waveform (sine wave), among others.
At the same time, only a select few companies that have the capability to manufacture sintered polar-anisotropic multipole ring magnets. I aim to be the pioneer in marketing this magnet technology within the electric motor industry. This initiative is not just a unique offering from a supplier’s standpoint, but it also has the potential to enhance the performance of electric motors should any company in this sector choose to adopt this magnet.
Polar-anisotropic ring magnets are well-suited for various applications, including humanoid robotics, power tools, servo motors, coreless motors, and surgical motors, etc.
Plastic Mold Design for Products Using Magnet Insert-Molding and Overmolding
To be continued …
Why My Focus is on U.S. Companies
To be continued …
Building My Stellar Team
To be continued …