Yiwu Market ProductsYiwu Market Products Variety:“If you spend 3 minutes in a shop in Yiwu market, one year will be finished”, this is an old saying that you may heard of for many times. In fact, after putting up 10,000 shops inside the new building – building 4 in 2008, this saying needs update. But now seems no one cares about it. Or maybe another saying can describe the variety of products here better – “an ocean of commodities” “This is huge!” “I never thought of such things exits” These words are out of Yiwu market visitors, time and time again. If you want to know the exact numbers of how many products are available in Yiwu, well, you will never get an accurate number.
Take shawls for example, there are about 1,400 shops only for shawls. Within one shop, there are at least thousands of different shawls. You can imagine how many different shawls are there. Of course, these shawls cannot sell exact same shawls, otherwise, they can’t survive. To classify these numerous products, they will go to the following: Artificial fruits and flowers, Home decor, gifts and crafts, clocks, Jewelry and jewelry accessories, Toys, Hardware, locks, tools, lighting accessories, electronics and telecommunications products, small home appliances, bags, sunglasses, belts, shawls and fashion accessories, office supplies and stationary items, cosmetics and beauty accessories, socks, sports products, rainwear, underwear, caps and gloves, home cleaning products and other daily consumables… A market of up to 100,000 shops, a shop of several factories and hundreds of products… So you can imagine the variety of products in Yiwu market. Everything you see in your life, Yiwu is selling them. Something you have never seen before are also selling in the market here, like tattoo sleeves, fake mustache, and Croatia football wigs… Of course, Yiwu market is full of “small” products. You can't find big things like BMW or CNC machines.
Is There A Web to See Yiwu Market Products?This is also a question many people asked me, from time to time. Unfortunately, there is NO such website available, simply because the market here is huge and products are numerous. For many small items, they update very fast. There are new designs come out at every week. And also because of lack of certain materials at certain time, some products have to be taken down from the website. More importantly, the shops here have customers walk into their shop every day. The visitors inside their shop are definitely on the top priority. If you really need some sources for references, you can browse this website – www. Onccc.com. But don’t take everything for sure. Many products can look very different in reality from how they look online. Once, one of our customers spent one hour in the market locating a cell phone case which she saw before on onccc.com. After she finally found that shop, she realized she wasted her precious time. The cell phone case looks very different from the picture. “I’m not going to order this” she said.
Yiwu Market Products Price:Yiwu has established its fame for cheap prices in last 30 years. Even today, you can still find many products here are wholesaling at a 1/5, even 1/10 of its retail price at your local store. But thing are changing now. Yiwu is no more THAT cheap! First it’s because of new labor law. The new labor law increased the labor cost by 20% averagely to all the factories in China. Now, factories have to buy insurance, pay decent salary, and pay more for extra working hours. For holidays, factories have to pay a triple salary. This cost was zero in several years ago. Second it’s because of lack of labor. “How can this happen? China is a largest labor pool in the world”. Yes, China is still the largest labor pool in the world, but the younger generations are not willing to work in a factory anymore. They want to be “white-collar” They want more “decent” and “clean” job. They want more fun. They want to be more valued. This is very much unlike their parents who just want to earn enough money to build a house and support their kids to finish college. In Yiwu human resources market, there is a huge demand for skillful factories. Yet, the supply is very limited. Third it's because of lack of power supply. China government is taking a very harsh approach to force the factories consuming less power, esp. electricity. The government wants factories upgrade their production line to meet certain environmental requirements. But most factories are too slow in reaction, so government simply cut off power supply for all factories in some areas.
Yiwu Market Products Quality:With the price strategy, Yiwu cheap products obtained a big market share in the world. At the same time, Yiwu also got a bad reputation for poor quality. Fake brands, imitations made it even worse… But now, as Yiwu cannot keep supplying cheap products for mass production, the factories have to change. Either change or die. Now for some products like small home decor items, Christmas items, socks… Yiwu already changed the bad reputation. Some big suppliers are going out to advertise more. Start partnership with world top organizations like NBA.
“The quality is good, beyond my expectation”, some of our customers said.
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