Are you interested in purchasing small quantities at wholesale prices?
Then you should visit the Yiwu market in China. It is the main Chinese wholesale market complex in the world. With more than 75,000 stores, you can find just about anything you can imagine.
The best products and small commodities in the Yiwu market here can even be bought at cheap prices.
In this Yiwu Wholesale Market Guide, we explain why sourcing from Yiwu is a better choice.
What products can be bought in Yiwu market?
There are more than 400000 kinds of commodities in Yiwu market, and almost any commodity can be bought. In addition, Yiwu is the largest market in mainland China. Yiwu trading market products are cheap.
The categories cover wholesale suppliers of hardware, daily necessities, accessories, crafts, toys, textiles, footwear, electronics, stationery, auto accessories and spare parts.
Why choose Yiwu Market?
Located in Zhejiang Province, Yiwu International Trade City is one of the largest wholesale markets in the world. The market favors buyer demand, making it a prime location for buyers. Here are some reasons to consider Yiwu International Trade City:
A large number of individual businesses
Most of the stalls in wholesale markets are owned and controlled by individuals, with little management by trading companies. They offer very cheap products and great quality if you plan to buy in bulk.
Largest wholesale market
Yiwu International Market is currently the largest wholesale market in the world. The length of the wholesale market is 7 km. Considering its size, it’s pretty special.
Various products
Items such as hardware and fashion jewelry fall into the various categories that you can buy in the market. If you are looking for clothes and food, Yiwu Market is not for you.
Huge amount
It is very convenient to buy goods in large quantities in Yiwu International Trade City, and the price is lower. Yiwu Wholesale Market gathers so many commodities, unlike other wholesale markets, i.e., Shenzhen, Ningbo, etc.
Why not go to Yiwu?
Every wholesale market has its own advantages and disadvantages, and Yiwu is the same. In a nutshell, summing up the pros and cons, you could say so.
How to buy from Yiwu Wholesale Market?
Sourcing Yiwu products from the market requires the assistance of a professional sourcing agent. The following steps will show you how to buy wholesale products from Yiwu Market:
Step1: Familiarize yourself with Yiwu City
Before you consider booking an air ticket to Yiwu, you can learn about Yiwu International Trade City and customs (booths are not open during the Chinese New Year). Know the spoken language, opening hours and basic life in Yiwu.
Step Two: Arrange Funding
Prepare funds and prepare to stay in Yiwu International Trade City for a week or more. It’s impossible to visit all 75,000 stores in one week, but you should find what you’re looking for before the week is over.
Even better if you can change your currency before traveling; while some shops accept other currencies, it’s safer for you if you go in RMB.
Step 3: Choose the right product.
Yiwu mainly mass-produces products, so if you go there and plan to buy a product, such as a piece, you may not be able to customize it.
You should go to different stalls, look at their products, and choose the one that appeals to you the most. In Yiwu International Trade City, you will never be short of choices.
Step 4: Organize the transaction yourself
It is better to organize foreign trade by yourself. Fill in all the details and make sure there are no missing blanks. Also, you can visit Canton Fair and trade fairs to get favorable prices for your small wholesale business.
How to buy online in Yiwu market?
It is inconvenient for some people to go to Yiwu in person, and they want to shop online.
Alternatively, if you only want to buy a few products, you can consider buying products online. You should visit the official website of Yiwu Market.
Many online vendors sell their products on Yiwu market website by various shipping methods like sea.
Yiwugo is the official website of Yiwu Market where thousands of vendors sell their products online.
There are also MOQs on the website, you need to see if they meet your requirements. Several sellers also sell a product.
Some Yiwu agent skills you need to know.
In order to deal with suppliers in Yiwu, there are a few tricks you must know if you want to stay safe and source your products at the best prices.
There are some tips that you must know before Yiwu purchasing agent buys goods in Yiwu wholesale market:
change supplier
Looming, you will occasionally switch suppliers to test different products and take advantage of the lowest prices. You can also compare your profit margins to see which provider is best for you.
Solicit rebates from suppliers
Several Yiwu agents in the market ask for kickbacks from suppliers and source your products from these suppliers. You need to beware of such Yiwu agents and check the market prices and quality offered to make sure you are not being robbed.
Forcing suppliers to cut prices
Agents often force suppliers to do this. With many suppliers on the market, agents will get good prices, sometimes hiding them for you.
They can also force the supplier to lower the price which may affect the quality of the product, and through no fault of the agent, you have to compromise on that.
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