Street vendor economy became popular in China overnight, the encouragement of government for street vendor economy surprises the whole country as setting up a street stall was not an easy thing in China before. Some cities have issued the corresponding policies, mainstream media are full of the news about it. And tech giants such as Alibaba, Tencent and JD.com also issued their plans to help small business merchants.
Why does street vendor economy sweep across the China? The COVID-19 pandemic has caused rising unemployment and economy recession in many regions of the world. In order to alleviate these problems, the Chinese government encourages people to be self-employed by building their own small business.
Here’re some tips to help you become a successful street vendor.
1. Choose the right location and timing, the location and timing should be decided according to the habits of your target audience.
2. Sell the products that are really needed by the market and not sold by too many vendors, such as children’s toys, women’s accessories, snacks, etc.
3. Use efficient and flexible tools, including tricycles, vans, carts, signboards, miniPOS, mPOS, QR payment terminals.
4. If possible, keep the contact information of your customers, they can place orders by phone calls and messages in future.
