Frequently Asked Questions :

1.How to start working with IBA ?

2. What can IBA do for you?

3. Why should I make purchases or source from Asia?

4. Is manufacturing and importing from Asia cost effective than my own place?

5. What difference IBA makes instead of outsourcing in China on my own?

6. How to handle the risk factors of long distance business ?

7. Will I need to visit china despite Iba offering to do everything for me?

8. How long it will take to mature first business deal through IBA.

How to start working with IBA ?

You give your product name, your required price, your total required quantity , your total budget, and time frame in which you need your Product. IBA will analyze and send you a feasibility report and a copy of contract.On acceptance of these two you establish your association with IBA. It takes hardly five working days.

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What can IBA do for you?

IBA works as Source and Buying Agents and performs following jobs for you:

• Searching right country and right place.
• Sourcing of different manufacturers.
• Checking and making product quality reports.
• Communication between supplier and buyer.
• Cross checking details of sources.
• Negotiations on behalf of the buyer.
• Arranging meetings/visits/ and product site surveys.
• Finalizing the deal along with buyer as final authority and present on the closing.
• Execution of order.

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Why should I make purchases or source from Asia?

Price: Labor and overhead costs are significantly lower in Asia than in the US.
Quality: Catering to the whole world, Asia has achieved remarkable ability to understand and match buyer’s quality in half the cost especially in China, compared to that of any other continent.

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Is manufacturing and importing from Asia cost effective than my own place?

Higher number of working hands, and less wages in Asia make a direct impact of cost cutting.

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What difference IBA makes instead of outsourcing in China on my own?

IBA provide assistance and its services for :

• Complete paper work.
• Placement of order, and Time Details.
• Banking, And complete record of payments.
• Purchase Order formatting for opening the LC, or T. T.
• Coordination with supplier.
• Arrangement of forwarders at supplier's end.
• Engaging CHA (Custom house agents), at supplier’s end.
• Clearance at customs from origin of goods.
• Preparing and sending reports on queries generated by customs authorities.

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How to handle the risk factors of long distance business ?

IBA has its agents who are multilingual and directly correspond with you from work site. IBA is your face to supplier and makes sure that supplier meets your requirements.IBA has a huge data bank of suppliers/manufacturers who are verified business entities and have been cross checked by IBA. If you wish to find a new supplier, IBA applies its stringent standard of verifications for quality of your product and safety of your money.

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Will I need to visit china despite Iba offering to do everything for me?
In all likely hood you will not need to visit china for the services and work mentioned above. They will be done to your utmost satisfaction by only corresponding/communicating with IBA .However if a buyer wishes to make a visit to supplier, IBA makes arrangements for his agenda of visit. In some special cases IBA invites its established customers and escorts them to visit their suppliers in China to accomplish this.

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How long it will take to mature first business deal through IBA?

With IBA’s experienced team and a huge data bank and an already existing network of suppliers, it does not take more than a week to find products/supplier/area/or feasibility of your business.Rest of the time rests on your/product, that it takes to manufacture or be purchased .Typically an order of a product like shoe with a quantity of two containers will take 25 days to be ready for delivery.

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