Share a few unexpected information gaps for making money
1. Wholesale markets are not always at wholesale prices
While chatting with a friend, I heard him mention this
He recently went to Yiwu for sourcing, for the same cup
The first store required a minimum order of 500 pieces at an average price of 8 yuan.
After walking around, he found another store with a minimum order of 100 pieces at an average price of 6 yuan!
The product and texture are not much different
Moreover, many merchants do not have their products listed on sourcing platforms (you know what I mean)
Thus, the prices are not transparent; if you don’t ask around, you might suffer losses
In the end, what you see on sourcing platforms is often not direct sourcing, but rather items taken from here.
As for whether there are money-making opportunities here, I believe you understand
2. The information gap at street stalls may be more outrageous than you think
A few days ago, while visiting a night market, I saw a phone case I liked
The first stall priced it at 40, the second at 30, and the third at 20
Searching online for the same model found it for only 15, online prices are hard to say
However, the three stalls had little difference in design and feel, you can imagine the wholesale price
I was simply stunned!
For the same product, just one stall in between made such a big difference in price
Do you understand now? Mastering the information gap is the most efficient way for you to save and make money
