Current statistics of Yiwu wholesale market and the products
Managing your own wholesale business of different products and selling it to end customers is really tough job. Especially when it comes to storing so many products in large quantity then you have to keep your profit less and have to think about customer’s benefits and satisfaction. You must know the right place and resource to buy certain products where you can get good profit so you can sell it at lower margin to your customers. In this kind of business, you have to invest your money at right place to because of large products quantity and it is not possible to sell those products that you have bought at same time you want. So you have to maintain the ratio of buying and selling by keep in mind the success of the business
Due to globalization between different countries, there is an introduction of different wholesale market in the world. These different places have monopoly in certain products. So if you are dealing with the stuff which is famous in these places then importing from these places is not bad idea to make your business successful. So you have to be very selective in choosing certain products which you can afford to import and which can achieve your objective of selling of those products in your local audience. Some common things like stationary and handicraft, household stuff, handicraft cloths, electronic garments accessories and toys are major niche that you can consider and which has large interested audience.
So, these are the product that you are dealing with then you must find a place from where you can import all these products at good rate. As we all know china has earned good name in world’s famous wholesale market. If we talk especially about the things that I have explained in above paragraph then Yiwu market is one of those places from where you can get all at one place with most affordable price. Yiwu is the one of the largest wholesaler city in china with great historical culture and modern business value. Let’s discuss about the current market statistics of Yiwu market in next paragraph.
If we talk about the demographical area about the Yiwu market, 2,40 000 square meters of area has been covered by this place and with more than 60 000 stalls of different products. It is located in east of the city and it is nearby all the places like airport, hotels tourist places which makes it special and became the attraction of business people and foreign investors. The place consists of 2000 daily visits of different business people. Total 2,00,000 of various types of products are available in the market which covers 40 different industries. Export ratio of this place growing every year with new foreign investors and agencies and it considered as biggest wholesale place in the china. There is a total 30, 000 factories of wholesaler of china and all over the world present in the city.
Due to this exporting of products, service industry of the city is booming and has big impact on overall economy along with the manufacturing units. Among all service trading services industry and hotel industry are two main fields with higher consumption rate. Some of the professional companies out there which helps in trading services and business companion to foreign investors and tourists. Due to this trading from Yiwu market has become easier and fast. So as I have said before, if you are dealing with the stuff or want to deal with the products that I have explained previously Yiwu market is the ultimate place for you where you can get all places.
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