You are on an electronic sourcing business trip and you arrived at Shenzhen, the kingdom of electronics. You have checked in a hotel within the Huaqiangbei area, you had your cash with you, the app for currency conversion is ready. You are all set, so where do you begin?
If this is the first time that you will experience this electronic hub, it can be very overwhelming and you really have to be prepared for it. The first few hours must be spent in getting a feel of everything that there is, by just walking around. This will give you a feel of that kid who was let loose on the chocolate factory of Willy Wonka. So, it is better to begin by having general overview of the entire are before deciding which or shop to settle. With this, you can identify which parts are ideal for your business sourcing trip and needs revisit and those who does not really get your interest.
In the city of Shenzhen, you can find anything and everything that is electronic related. There are products from its simplest form, or its individual components up to complex finished products and just anything there is in between. The numerous stores that you will encounter will make more sense to you, if you have an understanding of the cooperative and hierarchical way in which all of them work.
Usually, the street front shops sells the finished product and retail repackaged. You have to understand that this shop is most likely the last step of the sequence. The vendors or suppliers of the parts of the said finished product are usually scattered on the back inside the same building. The one who assembled is probably just sitting around and can be found on plain sight. This market is a hot house for multi-level value adding and recombination in the supply chain. You just have to carefully choose in which level in the supply chain, you would want to make your interaction with.
This makes this place ideal for those who are prototyping. By purchasing sampled from the suppliers there are wide variety of options available for the design of new products. Rather than going through online stores, you can purchase among the stock of sample and find the one that exactly suit your needs. It is the follow up wholesales in hundreds or thousands or millions which keeps these stores keep going.
Huaqiangbei is the place for the major electronics buildings in Shenzhen. The one considered to be the grand-daddy of the buildings is the SEG market which is made up of several floors for all kind of gadget and an entire floor solely dedicated to all sort of electronic tools.
High-tech business minded entrepreneurs who has an idea, build prototype, and create a promotional video then have it posted in Kickstarter. If the said idea consequently catch fire, the may find himself with hundred bucks and excited customers who will be waiting to be satisfied. This makes them find their pilgrimage back to the electronic powerhouse of Shenzhen.