Go watch Collin Abroadcast's video bargaining in the same markets: https://youtu.be/zFs1MQzISRE
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I took a tour around the Yiwu Industrial Trade City - the largest wholesale market in the world. People come here from every country to buy goods to export. 5.5 million square meters, 7km long, this market is beyond giant. And it's all one interconnected building. I explored it for a day with Collin Abroadcast, a fellow market fanatic. From Christmas decorations to children's toys to hardware and tools, we found a bunch of stuff that blew our minds.
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Wow, that was an eye opener! The “Americana made in China” and “Made in China Confederate” stores were absolutely hilarious 😂
I was just thinking, right before you said it, that is like a permanent trade show :)
I was there for my previous business in 2016 and I can confirm all you've said. I was there for 10 days and I barely covered what I came there to see. You don't realize the size of the place unless you're there. Imagine your local mall. Now imagine if you stack 100 of them next to each other and make the shops tiny. Now take all of that and make it 5 floors. Now you have what Yiwu really is.
I wish you had walked the hardware district. It's really amazing. You can literally go there and create your own tool brand within days.
All the big chains like Wallmart, Costco etc have offices in the building. They are there to look for new things.
I see the sign that says "trade center of African products." Is there an area for every country? Say, for Germany? Or for Mexico? I did see the Eiffel towers, but I wasn't sure if that shop sold all French items. What a neat place this is! I could literally spend hundreds of thousands of hours there, and thousands of dollars too, I bet. Were there places to eat? Where were the restrooms? Was there security personnel walking around? And when you do order, say, 700 pieces of ceramic pigs holding balloons, does it just get shipped from the factory to the address you provide?
OMG I died when I saw the Americana and Confederate stuff. I remember a while ago there was a big to-do in the news about how most US flags are made in china and people were saying how that was completely wrong and un-American.
Guys whatever you see in this kind of marketplaces (bazars), is almost certainly re-sold, which means that it is at least 30-50% over the original price (usually +100%). If you want to buy cheap you need to go to the producing counties/cities.