The mystery of Yiwu cheap price

Low price is absolutely the most powerful driving force of businessman rushing toYiwu. Almost every product is on sale for about one-half, one-third, or one-tenth of the lowest price available in the foreign countries. At same time they are also in the good quality.Let us explore why Yiwu has such cheap price. It hides on supplier: We all know that when running a business you have cost involving rental fee, labor salary and material cost……But Yiwu supplier can save most of them. As the largest private/family owned factory base in China, most suppliers here their own house both for living, factory, warehouse and office. They just need to pay electricity and water at residential rate instead of industrial rate. Plus zero house rental, zero insurance and medical care cost for his low-salary part-time workers… It hides on fierce competition: The more factories arise, the lower prices there will be. Thousands of factories gathered in Yiwu. You can get a competition price on Logistics, accessories, materials.Not only the local businessmen here for competition but also factories from all over yiwu china , are putting their products on this market, to battle for a bigger share.We are sure there must be a best price you like. It hides on large quantity: “Small profits but quick turnover” is the idea of Yiwu businessman. They are hard-working and agility. No matter the order is small or large, as long as there is a profit they will do it. Moreover, because the back up of government, Yiwu market gives you better price.