Agent Partnership Q&A

 

Everything You Need to Know About Working with BABAYA/Huanqiu

 

Question1: What are the advantages of being an agent for Huanqiu or Babaya's products?

Advantage 1: Ample inventory and fast delivery
Huanqiu Group has its own e-commerce warehousing center with an annual stock reserve of 3 million pairs. All current stock purchases have no minimum order quantity (MOQ). We can complete distribution within 2 days and ship by the 3rd day.

Advantage 2: Guaranteed quality
All products are placed on the online store, and support a 7-day no-questions-asked return policy. Therefore, the quality of the goods in storage is excellent. Additionally, we have 3 independent full-inspection production line.

Advantage 3: Strong development capability, high cost-effectiveness
There are 3-4 ordering conferences held every year, with 1000 new styles selected for production. Compared to the local retail prices of Levi's and Converse, the cost is 50%-60% lower.

Advantage 4: Convenient product selection
Currently, there are official flagship stores on Tmall, Vipshop, and Alibaba International Station where products can be selected and priced directly on a computer. After the selection is made, our company will provide a quote based on the FOB NINGBO port price. Agents will need to calculate import taxes and other fees themselves.

Question2: What are the assessment requirements for agents?

1.There are no special requirements in the early stages, and a purchase quantity of 500 pairs is sufficient to become a local agent. After the annual purchase volume reaches 70,000 pairs per year, it is possible to become the exclusive agent in the area.

2.The annual purchase volume calculation for 2-3 years later: Generally, for areas with a population of 40 million, the annual purchase volume should reach 200,000 pairs per year after 2-3 years, and so on.

3.The payment method for the first year of cooperation is 30% T/T deposit at sight, 70% T/T on receipt of copies of original docs by e-mail. After successful cooperation, it is possible to apply for a certain credit period and limit based on the annual turnover.

Question3: What are the subsidy Policies for Agents

1.In the initial stage, we can fund promotional exhibitions in the agent's country. In addition, if the agent opens a physical store, we can provide them with the brand image and store decoration design. If the annual sales volume reaches 300,000-500,000 pairs, the group will provide additional subsidies of approximately 1 million RMB, which is calculated at 2 RMB per pair.

2.The first batch of selected sample styles will have no sample fees and no express fees.

Question4: What information does the Huanqiu Group need to know about the

agent?

1.Basic information about the agency company, such as exhibition hall area, branch offices, warehouse area, number of stores, number of employees, and annual turnover.

2.Competitors in the local market or benchmark brands of similar products.

3.After establishing the relationship, the agency's promotion plan, such as exhibition, investment, and store opening plans, should be determined for subsequent financial support.

Question5: What are the After-sales policies?

1.The agency needs to bear the inventory of all distributed goods.

2.If there are complaints due to quality problems, Huanqiu Group will bear them. Settlement can be negotiated at the end of the year of agency.

Question6: What are the suggestions for Agents?

1.For agents without physical stores in the early stage, they can use the integrated stores of cooperating companies. Rent their shelves and allocate some areas.

2.Adopt the small order fast return model for new markets, and don't accumulate too much inventory in the early stage.

3.For agents preparing to open exclusive stores, the group can provide VI image design and unified decoration design.

Question7: What are the markets or Companies Babaya has collaborated with?

Partner Companies:
1.TJX Europe, Deichmann SE in Europe

Question8: What are the other Requirements for agents?

1.The e-commerce warehouse supports replacing packaging and hangtags for shipping. Except for the logo on the shoes, which cannot be changed, all other components can be changed to the local language. The packaging fee and labor cost are approximately 5 RMB.

2.Customers can also replace the packaging with their own logo. The packaging fee and labor cost are approximately 5 RMB.