The first thing you need to know about Yiwu international market is that it’s in China, the second is that it’s huge, about 59 million square feet and there are 75,000 booths. That’s right, seventy-five thousand shops. A bit overwhelming. It’s actually really overwhelming. 75,000 shops and one you. It doesn’t have to be overwhelming. Hopefully, this article will help you learn how to buy from the Yiwu international market.
Step 1 – Before you even think about booking a flight and going to Yiwu, please educate yourself on the city, on the customs (so that you don’t end up going during the Chinese spring festival when the booths won’t be open). Educate yourself on the spoken language, the opening times (9 am to 5 pm daily) and basically life in Yiwu
Step 2 – Prepare funds and prepare to spend a week or more at Yiwu market. It’ll be impossible to visit all 75,000 shops in one week but you should find what you’re looking for before the week runs out. If you can change your currency before traveling it’ll be better although some shops accept other currencies, it’ll be safer for you if you go with the Chinese Yuan.
Step 3 – Get an Agent. If it’s your first time going to Yiwu, ask someone you trust and who’s been there before to link you up with the agent they used. Quite a lot of agents are dubious in nature because you don’t speak the language they might try to dupe you or inflate the prices. Agents usually collect between three to ten percent of your total purchase value. These agents come into play because of the language barrier between most buyers and sellers but once you find a good agent, the rest is history. All you have to do is pick your products.
Step 4 – Picking the right product. Yiwu deals with mainly mass-production of products, so if you’re going there with the intention to buy about one product, as in one piece, there’s a chance you won’t be able to get it customized but if you’re going there for mass production, Yiwu will offer you so many choices. You should go to different booths, check out their products and choose the one that appeals to you the most. You can never be starved of choices in Yiwu.
Step 5 – It’s better if you organize the foreign trade yourself. Fill in all the details and make sure there are no missing gaps.
Step 6 – You can’t possibly visit Yiwu and not enjoy the scenery and sights. Take time to enjoy yourself and enjoy Chinese cuisines. Get familiar, perhaps learn a few phrases.
Step 7 – Enjoy your products and be sure to come back.