Business MagneTalk Thought Work

Beyond Magnet: My 2024-2030 Blueprint

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. Background 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…

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Thought

Fusing Plastic Business and Marketing: Bridging Ideas with Action

Inspiration hit me after today’s dinner. Lately, I’ve been immersing myself in two subjects: the plastic business and B2B online marketing. I’ll admit, my learning approach has been a bit scattered. But my end goal is crystal clear: I aim to apply my marketing skills to give a significant boost to my future magnet and plastic business. However, putting marketing theories into real-world practice is a whole different ball game. There’s a lot to consider—webpage…

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Thought

Dyson’s Autobiography: Failure, Brand Power, Magnet Tech

I’ve been reading James Dyson’s autobiography this week, and I was inspired to write a post discussing three main aspects: Lesson about Failure Firstly, I was astonished to learn that Sir James Dyson faced 5,126 failures before finally inventing the cyclonic vacuum system for efficiently collecting and separating dust from a flow of air. Dyson viewed failure as a normal part of his everyday work. As a sales professional, this makes me think about the…

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Work Thought

Unveiling Success: How We Partnered with a Top Robotics Company as a Young Magnetics Company

This month, our company achieved a significant milestone by becoming a business partner of one of the world’s most advanced robotics companies. It took us a full two months to go from our initial contact to securing an order. As a relatively magnetics company, this achievement holds immense importance for us. I want to take this opportunity to reflect on the key factors that contributed to our success. How did we manage to establish a…

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Thought Work

Building a Versatile Team: Lessons Learned on the Journey to Success

Running a company and building a team can indeed be challenging, but they can also be immensely enjoyable. Throughout my journey, I have constantly strived to distinguish ourselves from direct Chinese competitors who solely compete on price. Today, I shared the following words with my team. With “magnets” as our business focal point, we rely on our specialized foreign trade capabilties, deep knowledge of permanent magnets and magnetic application technologies, and a proactive service approach…

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