WHAT CAN I FIND FROM THIS WHOLESALE CENTER / MARKET?
China Wholesale market / center in Guangdong
The World's largest furniture market - It covering a total area approximately 32.3 million square feet and it consist of more than 200 modern furniture building. The '''furniture wholesale market''' has extends more than 5km long and was arranged by 12 rows and 20 streets. It is the largest furniture wholesale market and distribution center in China and even in the world. The World's largest lighting market – Residential, Hotel & Commercial Lighting like wall light, chandelier, hanging light / pendent light, out door lamp, lamp post and others Building Material market-Basin & toilet bowl, sauna & steam room, jaccuzi, fauzets & fittings, sanitary, tiles & mosaic, floor board, plaster ceiling, pu moulding, kitchen cabinet, plyboard, gypsum board, railing, woodern doors, glass, stairs case, marble & granite, shower screen, ceiling, wall paper. Textile market – Textile for upholstery and curtain. Watches wholesale market - Watches & clock Replica handbag wholesale center - Replica handbag, purse and bag. Clothing wholesale market - Clothing Ceramic wholesale market – Handmade ceramic sculpture, décor and artifact Plants, tree & landscape wholesale center – Plants, flower & landscape Seafood wholesale market- Biggest distribution & wholesale center for fresh seafood and processed products in China. Aquarium & marine fish wholesale center – offering marine & freshwater aquarium, UV light, air pump, fish foods, marine commercial filtration equipment and others quality aquatic products. Pets world wholesale center – Live animals & food, toys, treats, cages, apparel, treats, fencing, pets accessories and collars for cats, dogs, birds, rabbits and smaller animals. Kitchen supply & hardware market - All commercial kitchen supply,cook ware,pot and pans,hardware,plier,generator,cable and uniform.
WHY SOURCING, BUYING OR IMPORTING FROM CHINA?
- If you wanted to compete with others and complete your project at a minimum cost (bigger profit margin) - If you want to design & build your property with 5 star quality products at 3 star price. -If you want to make more profit and increased competitive advantage or joint venture with manufacturer without big investment. - If you want to develop yours product or create your own brands with high quality material at low cost & reasonable quantity. - Lower skill labor costs & lower material costs = high quality products at lower product costs. According to a Boston Consulting Group (BCG) outsourcing report, the average hourly pay (including benefits) of production workers in China is $0.80 versus $21.86 in the United States; given the same equipment, American workers need to be 25 times more productive than their Chinese counterparts to remain competitive. Furthermore, if PRC government reforms on labor mobility succeed, huge labor surpluses in the rural areas and underemployed workers at state-owned enterprises waiting in the wings may keep manufacturing wages competitive for some time.
CHINA BUYING TRIP PACKAGE COST
Our buying trips program will take clients to the largest or most popular wholesale market & factories (exhibited by factory's owner around China) in Guangdong, China; even in the World and visit factory. Example : the world's largest furniture & lighting wholesale center or market. (Where not many buying agents or trading house will willing to show you their secret sourcing place China 6 days buying trip / tour -Charges / Cost Our buying trips program are open to all big or small entrepreneur, retailer, wholesaler, restaurateurs, hotelier, interior designer, architects, property's developer & project contractors, who are interested into making more money by import direct from China. When you join our buying trip, we will disclose to you where to buy & show you how to buy, at what quality & prices you should buy. For example, where to source and how to purchase American, European, Asian style furniture and decorator accessories at the right place, right supplier, right quality & right price. Following are the open wholesale market / center destination that you can choose from: Buying trip package for 6 days
About our Membership programme please refer to FAQ or our Buying Tour section.
MEMBERSHIP PROGRAMME - BUYING TRIP IN CHINA
About our Membership programm Googoo China are welcome entrepreneur, retailer, wholesaler, restaurateurs, hotelier, interior designer, architects, property's developer & project contractors, who are serious about importing from China to register with us. This information is very important for us to learn & have a better understanding about your company, requirement and to serve you better. Besides GoogooChina will keep all their member update about latest news & trend in China industry, our promotion activities, new product discoveries and others related information to you. All the member information contained in the database will not be given, shared or sold to third parties for personal gain or without clients’ knowledge includes their personal information & contact, bidding prices, and others. Currently our membership is open for FREE for entrepreneur, retailer, wholesaler, restaurateurs, hotelier, interior designer, architects, property's developer & project contractors, who are serious about importing from China. If you are interested in, please fill in our enquiry form subject: Membership application. Join now For FREE (Normal fees: USD500 / person for one time payment) Member benefits - You are allow to invite one of your business associate or partner to join you as a guest for FREE but staying in the same hotel room (under the same package). - Update information about our company promotions activities, China trade show news & new products. - Hotel reservation service - Factory meeting arrangement - Free quotation on product pricing & informations.
WHAT DOCUMENTATIONS DO I NEED TO TRAVEL ON YOUR PROGRAMS IN CHINA?
All clients must have a valid passport and China visa to participate our buying trip program. A single or double entries visa is usually valid for entry within 3 month from the date of issue and will permit you to stay in China for a maximum of 30 days. Single or double entry visa requires a passport valid for at least 6 months and a blank visa page at least. Applicants should come in person or through a third party (e.g. travel agencies) to apply for the Chinese visa from Chinese Embassy / Chinese Consulates. Please allow 5 to 12 days for visa application approvals.
DO I NEED TO RETURN TO CHINA EACH TIME I WANT TO PLACE A NEW ORDER?
Only if you want too. China is a spectacular country full of the last wonders of the world. Each time you return to China (completely tax deductible) you will discover things and have adventures that will make memories that last a lifetime. That's one of the greatest perks of this profession. However, if you choose not to come, as your dedicated "China agent" GoogooChina can handle all your future orders by placing an order on clients behalf and handling all the import or export procedure for clients. Simply FAX or email to GoogooChina. Mr Kien Wong head of Asia operations will follow up your order directly and instruct our export staff to source new products for your approval, or place reorders from factories on your behalf. We only charge you 8.5% -10% of handling fees of the total order you purchase.Thats include all the sourcing, ordering, quality control of goods, consolidate of goods, loading of container, documentation works and shipment arrangement.
DO I NEED TO BUY FOREIGN MONEY FROM MY BANK PRIOR TO MY TRIP?
No. You will need to have two different types of currency for your trip. U.S. Dollars and Yuan also called RMB (Renminbi). When you arrive in China you can exchange U.S. Dollars in the town at the Bank Of China for a flat fee of U.S. $5 per transaction (any amount). inally, you should be aware that China accepts most major world currencies and credit cards. This means that at any given time every bank has millions of dollars in currency from each of 30 different countries. Therefore, the banks are very particular about not accepting bills that are dirty, torn, worn or tattered. Basically they will only accept new bills so please be mindful to bring along clean new series bills for your trip.
HOW MUCH DUTY (TAX) WILL I BE REQUIRED TO PAY ON MY SHIPMENT?
Generally, as of January 1, 2005, all furniture made in China including wood, upholstered and leather furniture with the exception of bedroom furniture will be duty (tax) free for U.S market. This is due to China's acceptance into the World Trade Organization (WTO). On bedroom furniture the duty rate for U.S market,please consult your local forwarding agent. Please check if this applies to your Country of residence and import rules and laws
HOW MUCH WILL IT COST TO SHIP MY CONTAINER OF FURNITURE?
The shipping rate are fluctuate from time to time. Different countries and container sizes will have different shipping rates. If you buy just a few items, they will be put in wooden crates and the shipping price depends on the size and the weight of the crates. For example, if the crates take up 1/4 of a container, you will be charged slightly more than 1/4 of the container price. Secondly, you will need to hire a customs broker to "clear" the shipment prior to delivery to your location. They check all the documents that we prepared for you to verify that they comply with governmental regulations. Further, they calculate and collect taxes called "duty". They generally are listed in the Yellow Pages. Finally, your customs broker will arrange for a truck driver to pick up your container from the port or rail yard and bring it to your location for unloading. This fee varies subject to mileage. For more on shipping rate, please consult with Googoochina Holding Ltd.
SHOULD I BUY SEVERAL OR MORE CONTAINERS OF FURNITURE?
Yes, if you have the financial ability to buy several or more containers of furniture. There are several reasons. First, from a profit standpoint, dividing your "cost of goods" such as your trips expenses and your airline ticket among a larger group of purchases gives you a better profit margin per item. Secondly, the lead time to get another order (6 weeks to manufacture, 4 weeks to ship and 1 week to take possession from the port) means that after you sell your first container you will be out of business for three months while you wait for more stock. This is valuable time wasted that could have been used to make more sales. The ideal inventory management system provides for enough supply to cover the manufacturing and shipping period. Importers are buying hundreds of containers on a annually basis depending on there markets.
HOW MUCH MONEY WILL I MAKE FOR DIRECT IMPORT?
The typical retail furniture store importing its furniture directly from China marks-up their furniture approximately 300% - 350% and accessories up to 500%-1000%. Direct wholesalers typically double their "landed" cost, but sell three times the volume of a retail store. You should use these same guidelines. Additionally, if you come across an exceptionally fine or really unusual piece, you should price more profit into that piece. The economies of scale in furniture manufacturing favour additional price brakes for larger quantity orders. Therefore, clients who participate in this program as a buying group with industry friends or competitors will be able to take advantage of slightly more favourable pricing dynamics. Clients should not be concerned about having a industry friend or an associate as a competitor.
DO FACTORY COMPENSATE DAMAGED GOODS?
Generally, this is a rare occurrence as there are many redundant inspections performed by the factory, and finally by our staff. However, if something is damaged, a chip or scratch in a bedroom dresser for example, this type of damage is generally considered minor and can be flawlessly touched-up by a professional for just a few dollars. Most furniture importers have a relationship with one or two such free-lance professionals and set aside damaged pieces until several are collected before engagement.
WHY I DID NOT RECEIVE ANY EMAILS OR REPLY FROM YOUR COMPANY?
We do our best to respond to all email that we receive in a timely fashion. We appreciate it when those that we do business with respond prompty, and know that you do, too. We try to treat you the way that we like to be treated. We have full time staff working on email (holidays excluded). You will receive a response within 48 hrs during normal business hours. Messages sent after 4 pm Friday through Sunday, will be answered before the end of the business day on Monday (holidays excluded). If you have not received a reply from us in a timely manner as stated above, there are several possibilities why: We did not receive your email. - If you sent us an email using your own email system, check your SENT folder for the email and verify that you sent it to a valid goo goo china.com email address. - Our reply has been returned (or "bounced") as undeliverable. This can happen for several reasons: 1.Your return address is entered incorrectly 2. Your email box is "full" and your ISP rejected the message (this is most common with Web services such as Hotmail and free services such as Juno). 3. Your ISP blocked our reply as suspected SPAM. This is becoming a growing problem, and is discussed more fully below. - A SPAM filter that you have installed moved or deleted our reply before you saw it. Please check your junk mail folder. If you have installed a SPAM filter, then check the settings and its folders to verify that it hasn't prevented you from seeing the reply. If it moves the email to a different folder, scan through that folder looking for our reply.