(organization) Hello , Greetings from Ubud, Bali. Where we have a warehouse and buying office. Last week I was telling you about the ancient market

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ancientwisdom

(organization)
Hello ,

Greetings from Ubud, Bali. Where we have a warehouse and buying office.

Last week I was telling you about the ancient market in Jogyakarta on Java. You can read about it here.
Since then the volcano dust cleared and I was able to fly to Bali. Ringo (our man in Bali) was waiting at the airport for me. I told him excitedly about the Yogya market, because I love markets.

I know you are busy with Christmas trade and all, but if I may can I tell you a little back story?
(skip to the business stuff down the bottom if this boring you).

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I left school with good grades but didn't follow my pals to university, for complicated reasons I was instead thrown into working in the family business.
And that family business was a motley collection of market shops and stalls in Sheffield Castle and Sheaf markets.
Those markets no longer exist, but in the 1980's they were busy and very cut throat, my university professors were larger than life market characters who taught me, while chewing on fat cigars, the importance of a good flash, offering value to keep customers regular and serving folk as fast as possible.

My fellow students were the other young traders. Customers would be fickle and move loyalty for a penny. I learnt early to pile it high and sell it cheap. You had to graft to succeed and some traders were making a fortune and others couldn't stay afloat whatever they did. I would watch and learn. I still have friends from those days.

My father had a bakery business, and when it was hard to find customers he would open another shop in the market. Soon the market business was as big as the bakery.

Later I started my own business in Harpurhay market in Manchester, I was laughed at by the other traders who thought my ideas mad. I remember the market manager saying to me that the markets had produced more millionaires than universities in Manchester. Citing of course Mr Marks and Mr Spencer. Er (blush) my business went on to be 100 shop chain, not quite M&S, but not so shabby.

So you see I have market trading in my blood.
And the thing is in Asia the markets are so like the old Castle and Sheaf markets in so many ways when I'm in the markets I can feel the same spirits of enterprise and competitiveness. That fight for space and the customer's eye. Retail is great you can change your plan daily to see what works.
And just like my father who needed an outlet for his products some of these market stalls are outlets for small family businesses. As I discovered in Yogya a great place to find suppliers.

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Ringo, told me there was also such a market in Denpaser, the capital city on Bali. So we immediately detoured and went to see. It is also a huge busy place, lots of buildings crammed either side of a river, with an open courtyard for day traders. The market trades twenty-four hours Ringo told me, with different traders trading at different times depending on the demand.

Bali has a population of about 4 million people. Many work in tourism or as farmers. But a lot are involved in art and handicrafts, and their products ship worldwide. Nothing is mass produced here, it's artisan stuff. They are not geared to supply M&S, but think about it, that's a great thing for the independent gift trader.

Some of these guys take market stalls and advertise own production for export. I can tell you it was very interesting. Of course a lot are middlemen, marketing operations. You learn to sense who these guys are, but many are producers from all parts of Bali and a fair few from other islands. We found people from Java, Lombok and Kalimantan.

Markets. I love them.

Hope you are trading well, and have survived Friday the 13th.
Stock up for Christmas now.. Deals below, including Black Friday stock now available.

Take care
David

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Why Ancient Wisdom is doing Black Friday Deals now? It’s simple! We wanted to give you the opportunity to stock up and offer great deals to your customers for those huge upcoming days and of course free up some warehouse space :). So get ready and make your own Black Friday Deals with our best ever and juicy price discounts.

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