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This market is only a wholesale market. If the people in this market gauge that
you are retail customer, they tend to offer you a retail price. So, only retailers who
buy in bulk get a better deal. Since I was with my cousin, who happens to be
trading in Chinese Products, I could learn many a things about the price of such
products. Chinese Cell Phone ranges between Rs. 1500 Rs. 3000, with IMEI
number, Mp3 player with memory card slot expandable upto 4 GB and no inbuilt
memory ranges between Rs. 165 180, depending upon the quantity and
bargaining skill you have. We bought 20 such Mp3 players @ Rs. 165 each. This
Mp3 Players are sold at Rs. 300 450 on various e-commerce portals. Market
price of Memory Cards (SD, Micro SD, etc.) is as good as oil & sugar prices, it
keeps on fluctuating daily. Currently 2GB Micro SD card is available at Rs. 220.
And yes, all these products are available at drastically low prices; but again, it
does not carry any guarantee or warranty.
Lot of other things to know there. Heres the secret of Manish Market. Manish
Market (the building) itself is a retail market. The actual wholesale market is
behind the building where dealers sit in open space or in a store made of thick
plastic, the temporary stores. They just have a table and a wireless landline
phone or a cell phone for communicating with other dealers. They have a
common godown, where all the dealers store their products.
The market is very dynamic and the most important part is that you should have
a good negotiation skill or else they may easily cheat you.
Reaching Manish Market:
The nearest station on Western Railway is Marine Lines. From Marine Lines it is
approximately a 15 minutes walk. Walking is more suitable rather than going by
Cab as one can also find various other markets on the way to Manish Market.
Lohar Chawl is the wholesale market for Electrical, Hardware, Tools, Home
Appliances & Chandeliers. You can find all the items starting from a electric bulb,
CFL to electric motors and lot many things. Market for these products is highly
concentrated in Lohar Chawl and is divided into different lanes.
You can find small stalls to large stores selling these items. There are certain
stores that sells only products of particular brand while there are some other
stores that sells single product of various brands & make.
The retail business of electrical, hardware & tools operate between 20% 40%
margin while that of chandeliers operates between 50% 70% which is quite
good profit margin. To give you example Electric Tester is available between Rs.
3 to Rs. 25, CFL 20 Watts (Surya Brand) is available at Rs. 105 while the MRP is
Rs. 150.
Other products like Soldering Iron is available at Rs. 45 which is sold at Rs. 70 in
retail. Conceal Fittings (for homes & office) 36 Watt PL is available at Rs. 180
which is sold for Rs. 220 in retail, Water Geyser is available at Rs. 750 (branded)
which is sold at Rs. 1000. Few more examples Electric Iron starts at Rs. 160,
door bell starts at Rs. 30, Extension board starts at Rs. 15 while the ceiling fan
starts at Rs. 450.
Other Product available there are Chandeliers & lights for home decoration.
Various fancy lights, both Indian & Imported are available. Hand Tools & Other
Hardware items have also found place in this market. You ask for anything in
hardware and is available there.
I was searching for markets that could help visitors of this blog. My mind ran
through many ideas, finally I thought of writing on Abdul Rehman Street. It is also
know as A. R. Street. Abdul Rehman Street Located near Marine Lines (station
on western railway) is a wholesale market for School & Office Supplies. This one
is close to Manish Market about which I have already written earlier.
I have been to this market many times. Its a place from where your local
stationery shop keeper buys all the supplies. Products available here ranges
from small pin to electronic toys. There are shops selling your school books,
pencils, pens, erasers, school bags, water bottles, etc. Some store have strict
rules that they dont sell single unit of any product. These stores usually have
boards on the door saying Only Wholesale, No Retail. They do not entertain
retail clients.
One thing I discovered is that margins in stationery retail ranges anywhere
between 20% 40% which is fairly good margin as far as retail trade is
concerned I think this is why Anupam Stationery entered into retail business.
To give you example a refill of Techno Tip pens cost you Rs. 3.20 while the MRP
is Rs. 4, while the pen cost you Rs. 7.5 while the MRP is Rs. 10. This is not all,
you also get products like water bottles, school bags, pencil box, tiffin boxes, etc.
at 40% less price then what you get from your local stationery seller. Lets take
another example of Currency Notes Counting Machine its available at price of
Rs. 5000 6000 (table top model) in local stationery while there it is available at
Rs. 3500 4000.
Other products that may be of interest to you is toys for children of all age
groups. Toys of various variety like soft toys, educational toys, electronic toys,
toys for babies, video games, mechanical toys, and many others are available
here. You think of any stationery, school or office supplies its all available at this
place. Products like gift wrappers, office files, stamp pads, ink, diaries, year
planners, instruments for engineering course and you will find everything that is
available in stationery stores.
How to Reach A. R. StreetThe nearest station on Western Railway is Marine
Lines. From Marine Lines it is approximately a 15 minutes walk. Walking is more
suitable rather than going by Cab as one can also find various other markets on
the way to Abdul Rehman Street.
Specification:VDE Cord, Two Round Plug, 1.5 metre wire, 700 ml plastic cup, 1
speed 200w, Packing 15 pcs./cartoon
Rates:USD 6.60 Ex-Jiangmen, China
Content:Hand Blender with SS StickPlastic Cup
Specification:VDE Cord, Two Round Plug, 1.5 metre wire, 700 ml plastic cup, 1
speed 200w, Packing 15 pcs./cartoon
Rates:USD 6.30 Ex-Jiangmen, China
Content:Hand Blender with Plastic StickPlastic Cup
Specification:VDE Cord, Two Round Plug, 1.5 metre wire, 700 ml plastic cup, 1
speed 200w, Packing 6 pcs./cartoon
Rates:USD 7.50 (with Plastic Stick) Ex-Jiangmen, ChinaUSD 7.75 (with SS
Stick) Ex-Jiangmen, China
Content:Hand Blender with Plastic StickPlastic Cup & Meat Drinder
4. Handblender Model MZ5
Specification:VDE Cord, Two Round Plug, 1.5 metre wire, 700 ml plastic cup, 3
speed 200w, Packing 15 pcs./cartoon
Rates:USD 6.25 (with Plastic Stick) Ex-Jiangmen, ChinaUSD 6.50 (with SS
Stick) Ex-Jiangmen, China
Content:Hand Blender with Plastic StickPlastic Cup
Also note that importing kitchen appliances in India attract approx. 30% custom
duty. So the final landing price will be prices above + custom duty + insurance &
freight charges from China.