How to Use It?
In this tutorial, I will tell you what Yiwugo is, what you can best use it for, its sourcing process, and how to avoid the common risks such as poor quality, ambiguous specification and undisclosed transportation charges.
What Is Yiwugo.com?
A web-based B2B wholesale platform contact to Yiwu Market-that is known as the largest small commodities wholesale market in the world, contains 75,000 pieces, since 1.8 million articles.
Why do Buyers Use It?
•Allowing access and shortlisting Yiwu suppliers online without physically heading there
•Interactive virtual tour of shops using 360 panoramas
•Available on number of variety goods or slandered SKUs such as gifts, accessories, home wares, etc.
Key Features
Directory of products and suppliers, RFQ/enquiry process, 360 shop panoramas, and API access for bulk buyers.
Best Products to Source
Fashion accessories, houseware, stationery, seasonal products, toys, novelty, and packing materials.
Workflow of Buyer (Step by Step)
1. Prepare a sourcing brief - spec, quantity, price, packaging, lead time, trade terms
2. Choose 10-20 suppliers - compare, don't get stuck at the first choice
3. Send the same standardized RFQs - MOQ, price, samples, lead time, defective rate
4. First make a sample purchase - always!
5. Trial order -> QC -> scaling - don't rush the trial stage
Supplier Verification
•Green means you are transparent about your com short term specialization in your trade; visible pictures, always detailed specifications when selling, and eager to be visited.
•Red lights: no samples, quotes with strange lowest building cost, unfocused specs, begging for pre-payment
Comparison of Yiwugo and Chinagoods
Both go hand in hand in the Yiwu ecosystem. Both are equally useful in searching for suppliers, and in comparing their offer; the final decision is always taken based on sampling and consolidation.
Common Mistakes
•Calculating by unit price (always take landed cost into account)
•Not asking for samples
•No specifications
•Aggressiveness in the selection process of several relationships where the buyer takes too many products from one supplier.
•Sample purchase without consolidation for multiple vendors-without 3M.10 suppliers5.6 samples only Purchase no consolidation.10 suppliers.6 samples no consolidation.
Conclusion
Yiwugo is excellent for supplier identification, it is not as easy as you just order from supplier if want generate sales profit, you need operations workflow as this: RFQ->Sample->Trial order->QC->Consolidate->Reorder.
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