yiwu small commodity market
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yiwu small commodity market

yiwu small commodity market

How to get a good price from Yiwu market?

How to get a good price from Yiwu market? Despite the fact that most of the prices in Yiwu market are already cheap cheap, people are still keen on the answers to this question. All right, here are a few tips: #1 Find a reliable and professional yiwu market sourcing agent.Get rid of the dipping (price increase caused by your agent) to get a better price from Yiwu market. There are many yiwu agent in yiwu China. You should find a reliable and professional yiwu market sourcing agent. A experienced agent knows which shop is best, cheaper price and better quality. A reliable agent will not get kickbaks and the commission is affordable. You need not pay high to 10% ~ 30%commission. What is reasonable? 1% ~ 3%. yiwu sourcing commission #2 Buy bulky to get a better price from Yiwu market. You can always have better prices if you can buy bulky from the market. For example, one container of straws, then you may get a 3% discount off. If you just buy a few cartons, there would be very limited space for bargain. So try to buy bulky to have a better discount. #3 Pay off the balance while collecting your orders. Many suppliers are willing to offer a slight discount if you can pay off the balance upon goods delivery, so they don’t need to keep a big cash flow. Now this method doesn’t work so well because of the financial crisis. Most suppliers now ONLY “grab cash” as they say. #4 Compare to get the lowest price form Yiwu market This is a huge market for zillions of products. Suppliers are competing to keep the price within a reasonable range. So it is always a good idea to compare if you have enough time. I’m sure you can always have a better price if you compare 10+ shops for one same product. Hope these few tips can help you get a good price from Yiwu market. I’ll keep posting more tips about how to get the best price from Yiwu market here as time goes by.Be your buying in ChinaAndy FanYiwu Commodity Import&Export Co., Ltd.Office Add: C-708 Jinfuyuan Jewelry Plaza Yiwu Zhejiang China  Factory Add: Industrial Zone Qingkou Yiwu Zhejiang China Tel:  0086-579-85655990,    85655991Fax: 0086-579-85655992Mobile: 0086-13606891715,Whatsapp , wechat: 86-13606891715http://www.cnyiwuagent.comhttp://www.cnyiwucommodity.comhttp://yiwu.en.alibaba.com/http://www.cnyiwumarkets.comhttp://www.cnyiwumarket.comE-mail: sales03@cnyiwucommodity.com yiwu@cnyiwucommodity.com

Customs Clearance Tips for Import from Yiwu

Customs Clearance Tips for Import from Yiwu China Read in Advance:  In most cases, you’ll need a customs clearance agent / shipping agent help you clear your orders when they arrive in unless your China agent can arrange door-to-door shipping service for you. This article is only for those who have never imported from Yiwu / China. However, if you just want to import a few ctns or a few pcs, you don’t need to read this article either. They can simply be shipped via courier like UPS and DHL. Ask Your CC Agent (Customs Clearance Agent) before Going to China:Different countries have different regulations and limitations for importing certain products. Different cc agent will have different practical ways to help you with clearance. So, you will need to talk to several good customs agents, before you come to China, to know what their suggestions are for the products you plan to import. What are the certificates the customs require? What are the practical ways to handle different situations? … This is not a 1-minute talk. You will need to obtain detailed, solid information as more as you can. This is very important because you can save a lot of time and money by doing this. Ask Your CC Agent before Placing Your Orders: Once you’re back with a preliminary order list in hand, you should talk again with your agent. Tell them specifically what products are on your list. How they can help clear these products and what are the cost. By doing this, you can know what you’re going to order won’t be confiscated by the customs. And you don’t need to pay extra cost. Ask Your CC Agent after Your Products Finished Loading:  Once all your products are collected and loaded. Your agent in China will know the numbers like total ctns, gross weight, item names… and they’re going to make the customs papers for you. The requirements for different products are usually different. The purpose of this talk with your CC agent is to know: “How to make right papers?” “What are the requirements and what are the practical ways to meet these requirements?” “Which data must be exactly the same? Which data can be less accurate?” … Then pass all these info to your China agent for making correct papers. After doing this, you can sit and wait for your products to arrive in, without worrying that they can get stuck in the customs. Ask these 3 asks, have these 3 talks. You will have a smooth transaction through your customs. And your China agent can also offer some useful suggestions based on their experiences. Don’t forget them Do your due diligence. This is a once-off work. Things will be much easier for your next order.Be your buying agent in yiwuAndy FanYiwu Commodity Import&Export Co., Ltd.Office Add: C-708 Jinfuyuan Jewelry Plaza Yiwu Zhejiang China  Factory Add: Industrial Zone Qingkou Yiwu Zhejiang China Tel:  0086-579-85655990,    85655991Fax: 0086-579-85655992Mobile: 0086-13606891715,Whatsapp , wechat: 86-13606891715http://www.cnyiwuagent.comhttp://www.cnyiwucommodity.comhttp://yiwu.en.alibaba.com/http://www.cnyiwumarkets.comhttp://www.cnyiwumarket.comE-mail: sales03@cnyiwucommodity.com yiwu@cnyiwucommodity.com

Why Yiwu Market Cheap?

The merchandise in Yiwu market is the cheapest in the world. A pair of socks: US$2+ in US, US$0.2 in Yiwu. A pair of sneakers: US$20 in US, US$2.5 in Yiwu. Kitchen Knife Sets: US$49 in US, US$6 in Yiwu. Almost every product is on sale for about one-half, one-third, or one-tenth of the lowest price available in the cheapest discount stores of Europe and America. What’s more, the quality of these items seemed in no way inferior to the products on sale in store around the world. In many cases, in fact, they are the same goods. Why Yiwu market can keep such low prices? #1 A Huge, Cheap Supplier Base Yiwu with its neighborhoods forms the largest private/family owned factory base in China. After 20 years of running their machines day and night, they already fished off many factories in Europe and America. Now they are the most efficient manufactures in the world for socks, buttons, zippers, straws, plush toys, jewelry accessories, hardware and tools… What’s more, they’re not only the largest, but also the cheapest. Let’s see have a look at Mr. Jinwu’s factory: Mr. Jinwu’s house, a 4 store building of around 800 m2 with a yard, was built 7 years ago. Now the first floor is his warehouse and workshops, the second floor part as his office and part as workshops, the third floor is where his family live, and the fourth floor is dorms for his workers. They produce sun caps according to orders. When there are no orders, these workers doing other part-time jobs. Mr. Jinwu pays electricity and water at residential rate, instead of industrial rate. That’s to say, he pays 50%-40% less on electricity and water every month than other factories located in industry zones. Plus zero house rental, zero insurance and medical care cost for his workers… You can imagine how competitive his price is! There are tens of thousands of factories like this in and around Yiwu. How could anyone else beat them on prices? # 2 Scale Effect As so many factories get together, including many big ones, the scale effect shows its power. Logistics cost, marketing cost reduced. Parts, accessories, materials, even production lines prices all reduced significantly. The more factories arise, the lower prices there will be. # 3 Big Battleground As Yiwu market became the world largest wholesale market for daily using items, more and more factories, not only factories from nearby areas, but also factories from all over China, are putting their products on this market, to fight for a bigger share. These ruthless competitions ended up with a 2-3% profit margin for many products. # 4 Strong Government Support While all China looked free market as an evil character of capitalism, Yiwu already opened its free market in 1982, which is one of the earliest free markets in whole China. In the last 30 years, Yiwu government put almost all their money and energy to build markets. Then rent shops to venders at very low rentals. Private companies are not allowed to get into market building business. All markets in Yiwu are built by government and run by a government appointed company. In this way, Yiwu attracts more and more vendors from all over China by its low shop rentals. As a result, factories from cities like Wenzhou, Ningbo, Shantou, even Guangzhou, where tons and tons of products were produced each day for exporting, came to Yiwu market in flocks to sell their products. Yiwu market offers most-favored-vendor treatment to factory outlet centers. In recent years, they put more efforts bringing in more national top brands and global brands, all in the most favored treatment, to improve products quality level. With these strong backup from government, Yiwu market kept prices at an extremely low level for three decades in the past. And there shows no signals that this situation will change soon. # 5 “One-Cent-Profit” Making Money Businessmen of Yiwu and its nearby areas are famous for hard-working and agility. They’re keen on every “one-cent-profit” businesses opportunity . For example, the profit of one sewing needle is just about 1/10 cent RMB, the profit of one straw is just 1 cent RBM. But if you can sell containers of them in one month, you can still earn a descent profit. As long as there is a profit, no matter big or small. These so called “ants businessmen” would desperately go for it. This is probably one of the most important reasons why Yiwu market has such cheap prices.Be your sourcing agentAndy FanYiwu Commodity Import&Export Co., Ltd.Office Add: C-708 Jinfuyuan Jewelry Plaza Yiwu Zhejiang China  Factory Add: Industrial Zone Qingkou Yiwu Zhejiang China Tel:  0086-579-85655990,    85655991Fax: 0086-579-85655992Mobile: 0086-13606891715,Whatsapp , wechat: 86-13606891715http://www.cnyiwuagent.comhttp://www.cnyiwucommodity.comhttp://yiwu.en.alibaba.com/http://www.cnyiwumarkets.comhttp://www.cnyiwumarket.comE-mail: sales03@cnyiwucommodity.com yiwu@cnyiwucommodity.com

How to do business in Yiwu?

There are 300,000 global customers from more than 215 countries come to Yiwu, sourcing in Yiwu market, then export to their own country. How do they start? How to do business in Yiwu? ■First, you tell us which item you are looking for, the quality, quantity, packing details, freight direction, your schedule and any other request. Then we will make appropriate arrangements according to your need. Guide you to visit the right product markets or visit the good factories if necessary. And we also supply Airport pickup, Hotel book (with best discount) and other service if you come to Yiwu. ■Second, we will arrange 2 translators to go to Yiwu wholesale market and visit shops one by one with you. You just need to choose the items and check price, our staff will write down the item No, price, pcs / ctn, Measure of ctn, take sample or take photo. At last, we will make a sheet with price list, photo, calculate total amount and total cbm for you. ■Third, after you confirming the order, you send 30% deposit to our account by T/T (price is as same as supplier offer to you), then we order goods from suppliers (quantity of suppliers can be 5-100 per container). We collect goods and inspect goods in our warehouse. We make a list of received goods, you send balance to us. Then we book container, arrange shipment, send full set documents to you. ■Forth, the most important is, as a professional trading agency, we are your reliant business assistant when you are not in China. If you have some product need to be located in china, we will try our best to give you the quotation in short time, and also will send popular and latest products information to you. If you have no time for Yiwu visiting, please contact us. We can help you find the most suitable products. Just as we promised, the whole process can be seen. Experience our top notch service and quality products made in China today!Be your purchasing  agent .  Andy FanYiwu Commodity Import&Export Co., Ltd.  Office Add: C-708 Jinfuyuan Jewelry Plaza Yiwu Zhejiang China  Factory Add: Industrial Zone Qingkou Yiwu Zhejiang China Tel:  0086-579-85655990,    85655991Fax: 0086-579-85655992Mobile: 0086-13606891715,Whatsapp , wechat: 86-13606891715http://www.cnyiwuagent.comhttp://www.cnyiwucommodity.comhttp://yiwu.en.alibaba.com/http://www.cnyiwumarkets.comhttp://www.cnyiwumarket.comE-mail: sales03@cnyiwucommodity.com yiwu@cnyiwucommodity.com