It remains open from Monday- Sunday from 8:00 am – 6:00 pm
Shenzhen Yiwu Smallware Wholesale Mansion
In this market, items are available at both retail as well as wholesale rates. If the items are purchased in bulk 40% off is given.
6 Hongji Road, Longgang, Shenzhen
The items available in this market include a variety of garments, toys, gardening tools, electronics, kitchen wares, cosmetics, jewelry, watches, footwear, baby care products, sports equipment, and all other daily-use items.
Remains open Monday to Sunday, 10:00am- 10pm
Yiwu International Trade Market
It is also known as Futian Market. It is one of the biggest wholesale markets in China.
A report of the year 2021 says that China has imported products of approximately 2.6 trillion US dollars to different countries.
Another report shows that in 2019 among all the countries around the globe, China shared the largest manufacturing output i.e. 28.7%.
Chinese products are low-priced and of good quality. Therefore, it is an excellent option to buy from China. It is an easy process that has few steps. Let’s navigate through the complete process.
1. Find A Good Product To Import
The process starts with looking for the right product. For a businessperson, a right product is the in-demand one, have good quality, low-manufacturing cost and highly profitable.
You need to consider few important things before buying any product from China.
· Import goods with fewer warranty cases.
· Import goods on which less import taxes are applicable.
· Before buying the products, make sure they are permissible in your country.
· Buy such goods that require less care. If the product is sensitive or easily breakable, you’ll have to pay more for it.
· Some E-commerce sites also offer free shipping on the majority of the merchandise. Order from there to save the shipping cost.
2. Find Reliable Chinese Suppliers
Once you have chosen the product, start finding a reliable Chinese supplier. You can find a lot of suppliers on Alibaba. Before selecting any of them, do the required research.
· Review supplier’s profile on E-commerce and other networking sites like Linkedin, facebook, instagram, twitter etc.
· Check reviews about the suppliers
· Check their customer service
· Check how people have rated them
· Check their trade assurance badge
· Review the payment and shipment methods
If you are satisfied with the supplier, move to the next step.
3. Confirm the quality and quantity of your product
Both, the quality and quantity of a product have a great impact on the growth of a business.
Quality is important for customer’s satisfaction and happiness. If they are happy, they’ll buy more from you.
The product quantity is important for generating profit. If the quantity is less then obviously the profit will also be less.
So, you have to see that the supplier provides you both the benefits. You can also give instructions to the supplier about the design, and packaging of your product.
4. Request A Sample and Confirm
To check the quality of the product, request the supplier to send you the product sample.
Many buyers do not ask for the product sample and directly order the product. It increases the chances of scam.
Do not take such risks and check the sample first. If the product sample meets your expectations only then place the order. It will save your time as well as money.
5. Place the order and Negotiate Payment Terms
Once you have verified the product, place your order. It is the right time to negotiate on the payment terms.
They tell about the amount of payment and the time when it will hit their accounts. Moreover, the exporter will provide you a commercial invoice, packing list and bill of lading.
During the negotiations, if you think that the supplier is charging way too much, you can quit.
Start searching for a new supplier in that case. It will be tiresome but you will have to do it if you want profit and success in your business.
6. Finalize the Payment
The last step is finalizing the payment. Once everything is cleared, finalize the payment of the product, its shipment and other expenses.
Wait till your order reaches your doorstep. Keep a track of your order to avoid any inconvenience.
Chapter 3: Most Popular Chinese Shopping Sites That You Can Buy From Internationally
In 2021, China was the biggest online retailer of the world. People from all around the world opt for Chinese websites for online shopping.
These sites have a great variety of product with good quality and cheap rates. Let’s discuss 10 such shopping giants.
1. Ali Express
It is a B2C e-commerce giant. Alibaba group launched it in 2010. It does not sell any product. It works by connecting small scale business sellers of China to the buyers around the world.
AliExpress has 13 categories of products ranging from clothing to jewelry to electronics to sports equipment and much more. These categories have subcategories too.
The products are cost-effective and the quality is also not compromised.
2. Joy buy
It is a Chinese B2B e-commerce website. Richard Liu is its founding father. JD.com, formerly known as 360 buy, operates it.
It provides customers with high quality authentic products at competitive prices.
Joy buy also provides delivery services to the customers. The category of products it holds includes 3C products, home products and apparels.
3C products mean computer, consumer electronics, and communication products.
3. Bang good
It was found in 2006 by Aaron Chen. Its first website was launched in 2009. It has 15 categories with 100,000+ products at a very reasonable price.
It offers 15 product categories with many sub-categories. Its specialty is the Chinese electronic products.
Bang good offers gifts and US $2 allowance to new users. It has 30 warehouses around the world.
It also provides delivery services. Delivery takes minimum two days if the warehouse is in your country. If the product is delivered from China’s warehouses, it will take minimum 8 days.
4. Gear best
Gear best is a B2C online Chinese store. It is a strategic brand product of Globalegrow enterprise.
It is associated with over 5000 Chinese brands and best suppliers. Its official website has 14 product categories that include gadgets, electronics, healthcare products and much more at affordable rates.
Moreover, it also provides delivery services to 200+ countries.
5. DH gate
GH gate is a Beijing based B2B and B2C e-commerce site. It acts as a middleman between the product suppliers/sellers located in China and buyers around the globe. It has around 22 million product listings.
You as a buyer have to register and set a profile on it first. Only then you’ll be able to buy the products it offers.
SHEIN is a B2C Chinese fast fashion brand. It was found in 2012. Its fashion accessories are praised around the world.
It includes women, men and children clothing, hand bags, shoes, watches, jewelry etc. SHEIN products are shipped to 150+ countries of the world.
7. Light In The Box
It is a China based B2C online store that was founded in 2007 by Liang Zhang. It has fashion accessories, toys, electronics, gadgets, décor items, sports equipment, and beauty products.
DealeXtreme is a B2C online China’s marketplace. It was founded in 2005. It is affiliated with Chinese e-commerce giant, MadeinChina.com. It has a variety of products, electronics being the major one.
It provides free shipping worldwide on most of the goods but the service is slow. If can’t wait, it is better to arrange a shipper by yourself. To earn more customers, it also gives discounts.
9. Geek Buying
It is a Shenzhen, China based online B2C reseller store. It was opened for the first time in 2012.
It offers a great variety in products that range from toys to electronic and gadgets. It also provides its customers with free and fast shipping service.
10. China brands
China brand is an online drop shipping and wholesale platform. It is providing its services since 2007.
Like most of the platforms, it also has different categories of products such as jewelry, clothing, motorbikes and much more.
Chapter 4: Top 10 Most Profitable Niche Cheap Products buy from China
For starting a new business or expanding the existing one, selecting niche is a difficult task.
If you are a newbie, the risk of selecting a wrong niche is quite high. But you do not need to worry. This section will provide you most profitable niche cheap products that you can buy from China. So, let’s just kick off.
1. Wireless Phone Chargers
The wireless phone charger is the most demanding product. Nowadays, everyone has mobile phones.
With the passage of time, new models are being launched in the market. So, the wireless phone charger is an evergreen product.
Many companies sell different types of wireless phone chargers on China’s e-commerce giants like Alibaba, and MadeinChina.
Depending on the type, the prices may vary. You have to choose the right product under your budget. But choose the product after researching about it.
2. Electric Pest Repeller
Since time immemorial, pests have been foes of humans. But, now the emergence of a new and innovative technology like electric pest repeller has made life much easier.
It is needed the most in summers. It is available at a minimal cost of $1.76 in Chinese wholesale online stores. You can order it in bulk from these stores. It will generate a high profit as it is an ever-demanding product.
Buying toys from China and selling in your country is an incredible business idea. Toys are always in demand because they are the need of children around the globe.
Like clothes, toys also have trends. You have to look for the toy trends and the price before buying them. Normally stuffed toys are more expensive than resin or plastic-based toys.
Phone is a means of communication. With the passage of time, brands are launching new models of their phones. China’s e-commerce giants like Alibaba, MadeinChina, DH gate are selling phones at a very cheap rates.
China is the biggest exporter of mobile phones. Oppo, Lenovo, Xiaomi, Realme are some of the best phone brands that are made in China. Retailing these goods in your respective country is a profitable business.
5. Travel Bags
One cannot live without travelling. For carrying the necessary items while roaming around, travel bags are needed. China provides one of the best quality and cheap travel bags.
It is my personal experience that China’s travel bags have a long life. I suggest buying them from China at affordable prices.
6. Kitchen Supplies
Cooking is an art. Kitchen supplies make this art easy for the artist. The Chinese stores have a large diversity of kitchen supplies.
A plus point is that they are of incredible quality and prices are worth it. You can buy them from the online stores and resell with high profit in your country.
7. Light and Related Accessories
Fairy lights, LEDs, Chandeliers, ceiling lights, wall lights, décor and all other types of light are available at economical rates in China. These accessories increase the beauty and charm of your homes, offices and other buildings.
If you are thinking to start a business in light and related accessories, consider buying from China.
China is the manufacturer of top-selling computers. Its computers are low-priced and have advanced feature. It is a great option for people looking for a business in computers.
China is number 1 in electronics. All of its e-commerce site, be they big or small, sell good quality electronics at a very reasonable price.
BYD, Lens Technology Co., China Electronics Corporation, and Haier are some of the famous Chinese electronics manufacturers. Buy from China to boost your electronics business.
10. Reverse Inverted Umbrella
When it’s raining or the scorching heat of the sun is hitting you hard, you need an umbrella to protect yourself.
Reverse inverted umbrellas with beautiful prints are available in all the big and small China’s market and e-commerce stores.
Anti-UV umbrellas are also available at a decent price in Chinese marketplaces. If you are thinking to run an umbrella business, buy from China.
Chapter 5: Tips to Buy Quality Cheap Products from China
If you want quality products in cheap rates, buy from China. But before that read these tips to be a pro buyer who can’t be scammed.
1. Giving up the idea that the cheaper, the better
Goods in China’s online markets are much cheaper as compared to other markets. But in some cases the quality is compromised. So, if you want to buy a good quality product you’ll have to pay a bit more.
It would still not be that much expensive. Basically while shopping from China’s online markets, you have to give up the idea that the cheaper, the better.
2. Learn to judge and filter products online
Being a buyer of China’s product, you should be well aware of the ways to filter out the correct product. While searching a product on any of the China’s E-commerce site, see the product images and read product descriptions.
Check out the product reviews, marketing claims, sales volume etc. before buying a product.
3. Hire an agent to help you
Some of China’s e-commerce platforms like 1688 use only the Chinese language. Language is a great barrier. If you don’t know the language, communication will get difficult.
Therefore, hire an agent who will help you in communicating with the suppliers. It will help you save both, time and money.
4. Understand your products
Be knowledgeable about the product that you want to buy. Read product descriptions, reviews and other literature available on different online forums.
If you have a good understanding of your product only then you will be able to sell it to others.