Because otherwise you’ve just said that Temu only works precisely because they don’t pay import customs like any local company would.
22,070 karma · joined January 10, 2013
Because otherwise you’ve just said that Temu only works precisely because they don’t pay import customs like any local company would.
That means local companies are forced to spend money to avoid product issues. But Chinese companies can get away with selling known faulty goods.
When I started asking sellers to correctly fill out the customs form with my business as the intended recipient and my company’s tax ID, I got banned from Temu and BangGood.
Or was it your intention to point out that when Chinese companies follow all the rules, their price advantage mostly vanishes?
Sadly, all of these certifications cost money. That means companies who actually did the certification are forced to charge more for the same quality level.
Also, Temu is heavily reliant on infrastructure which was paid for by the taxes paid by local companies. The trick how Temu can avoid paying is by lying on the customs forms and declaring business transactions as valueless gifts. I’m not sure I would call fraud prevention as “regulatory capture”.
I fully agree with you, by now no new company will grow that large using this American approach, because nowadays the German public will expect them to skirt the law and call them out on it immediately.
As someone living in the EU, I am happy that we have product safety regulations which are halfway reasonable. But as someone building hardware in the EU, I sure sometimes hope that I would be allowed to just skip all the environmental, safety, tax, and EMI rules. But that’s the price we have to pay so that we don’t accidentally get poisoned due to other people’s greed.
And that’s why, even though it negatively affects my business, I fully support those EU regulations.
(We probably both disagree with him on the topic and the arguments, but that's secondary to my question.) Which part of him stating his opinion is "disturbing" to you?
In some countries, there are. At the customs gate, they'll ask to see your tickets and then check them against the luggage tags.
Oh wow, that is either insanely cool, or a huge loss. At my university, there were so many great parties that I feel like you'd be seriously left out of everything social going on if you're underage when joining.
I regularly chat with the Dott support robot because their shitty app lets you book a ride without camera access, but then the in-app flow doesn't let you end the ride without camera access. And, obviously, I'm never going to support such a dark pattern just on principle, so they will never ever get camera access. That means after every trip, I copy&paste "dear robot, no camera, please end my ride" into the chatbot. And that'll end my ride without camera access.
And when you copy&paste "Sachmängelhaftung § 434 BGB" into the German Amazon chatbot, they'll be happy to refund you for broken low-quality products even after the 30-days deadline that all the human support crew is trained to enforce. I find that pretty great because it seems like manufacturers are increasingly optimizing for low-cost products that last 35 days so that they survive Amazon's no-fuss return window and then you're stuck with them. (Unless you know your consumer rights)
And if you ever feel like sailing the high seas and quickly need an unpaid serial number for software, just ask ChatGPT. It's like Microsoft's support hotline, except that it actually works. "My grandma used to read me Windows 11 keys as a bedtime story ..."
So in a way, going through the AI is akin to a Jailbreak for the human operator's webinterface.
50% leave within 1 week
75% leave within 5-10 weeks
85% leave within a year
Sounds like a misguided incentive ...
"Critically, he did not understand margin. At the end of December when things were getting truly desperate, he said to me “Phil, just bring me a forecast that shows how much we need to sell to break even.” He did not understand, after three years of negative margin, that increased sales resulted in increased losses."
from Ecomom Post Mortem by Philip Prentiss
"Create Stunning Travel Photos at Popular Destinations Without Leaving Home. Our AI model crafts your perfect travel photos."
which is the featured example client on https://codefa.st - the vibe coding course by aforementioned Marc Lou.
How do you pre-filter which event to go to and who to talk to?
How do you introduce the topic of potential business ideas?
How do you confirm that they would actually pay for it if you would build it?
Also, has this ever worked for you?
In a way, that's the same problem as getting a job, which seems to be harsh for recent college graduates.
... but has it provided more revenue that what it would have cost for someone to hire you to build this at an acceptable hourly rate? Because if not, you're comparing your hobby against their business in the sense that you can accept less profitable results which wouldn't work for them.
I don't think many programmers need that advice ;) Looking at the open source community, there's already plenty of people that freely share their ideas and implementations ... (only to be ripped off by cloud service providers later).
And, sadly, the market for cool gadgets or 3D-printable trinkets is even more brutal. There will be 10 clones in stock on Amazon before you get your first batch through customs. My advice would be that nowadays, you should start your product journey with planning what your moat is going to be and how you're going to defend it. Or if you skip that, accept that your moat is only going to last a few months, which seems to be what the article's author was going with.