E584: 5 Ways You Should Prepare For Chinese New Year as an E-Commerce Seller

Chinese New Year is coming up in a few days and if you're relatively new to the e-commerce game, there's a few things you should know about the big holiday. Dave is back on the podcast to cover the impact Chinese New Year has on e-commerce sellers and manufacturers, the significance of the Zodiacs, and the common equivalent for those who aren't aware. 

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Ever wonder why all of China basically closes down every January for Chinese New Year? You're not alone. 

Chinese New Year seems like the one time each year that China (and by extension, a lot of the neighbouring asian countries) goes on holiday for a few weeks. 

As an e-commerce seller, you probably know by now to place your orders well in advance to prepare for the holiday. But there's a few extra things you should know about that could maintain and keep you in the good graces of your factory. 

Luckily, Dave is on the podcast today to break down what exactly you need to know and how the holiday impacts you specifically.

The Big Takeaway

• Chinese New Year is comparable to Christmas in significance.
• Chinese New Year happens on the second New Moon in the lunar calendar after the Winter's Solstice (December 20th). 
• Zodiac symbols can influence business decisions in China.
• Quality control tends to take a dip if orders are shipped before Chinese New Year.
• Suppliers may have varying deadlines for orders before they close for the holiday.
• Expect delays in shipping and logistics post-New Year as every company that's importing from China will also be placing orders in advance of the holiday.
• Be considerate to suppliers during the holiday period.
• Freight prices tend to dip after the New Year rush, as demand declines.

Timestamps

• 0:00 – Intro
• 1:43 – Omnisend Ad 
• 2:17 – What is Chinese New Year? How big is the holiday? 
• 3:28 – The traditions around Chinese New Year
• 4:28 – When exactly is Chinese New Year?
• 6:07 – Zodiac symbols and how they can affect business
• 8:40 – Why is it called the Spring Festival? 
• 9:41 – Tip #1: Deadlines for Chinese New Year orders 
• 11:06 – Tip #2: Days off during Chinese New Years 
• 13:19 – Tip #3: Quality control during Chinese New Year
• 15:08 – Tip #4: Delays 
• 17:05 – Tip #5: Being considerate