BIFRANCHISE
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Frequently Asked Questions about BiFranchise Concept:
What is a BiFranchise?
BiFranchise is a system of business cooperation where one party (BiFranchisor) grants another party (BiFranchisee) the rights to use its business name, business methodology and the BiFranchise Network exclusively in the nominated territory for a specified period of time. Unlike a regular franchise, the BiFranchise is a two-way business system where BiFranchisee purchases from as well as supplies products to the BiFranchisees within the network
What is the difference between BiFranchise and franchise?
The major differences and similarities between the franchise and the BiFranchise system is that in franchise, the franchisor supplies majority (if not all) of the products and/or services to be sold/performed by the franchisee to the public and the franchisees are not permitted to purchase products or services from any other source – ON THE OPOSITE - the BiFranchisee can purchase products he selects from the BiFranchisor and also supply products to the BiFranchise Network
Why BiFranchise is better than franchise?
Franchise offers limited (territory and product-lines) revenue potential whereas BiFranchise offers unlimited territory (whole country) and product lines. Also, franchisees must compete with each other trying to serve the same customers – ON THE OPPOSITE - BiFranchisees have total exclusivity for their home country or territory, so there’s no competition
How old is the BiFranchise concept?
GIA Trading Group first used the word BiFranchise (two-way franchise) in November of 2008 as it was establishing its international network of trading companies
Are there any similar concepts in the world?
No, this concept is unique and revolutionary as it provides utmost ease and safety when trading in goods not manufactured by or originated from your home country
What are the advantages working under the BiFranchise system? • under the BiFranchise concept, sourcing of products is performed by a BiFranchisees (locally in their home countries) while competing in purchasing the best quality products at the best prices
• since the GIA Trading Group BiFranchise Network operates in a large number of countries, the purchasing power of the network is huge and big orders can result in bigger discounts, consequently, our purchasing price will be much better than that of a single buyer
• the GIA Trading Group BiFranchise Network will offer own brand names exclusive to the BiFranchisees
• brand name recognised worldwide that provides a chance for large negotiating advantage to BiFranchisees
• worldwide advertising power that attracts buyers and sellers
In how many countries will the BiFranchise concept operate?
We will strive to have a BiFranchisee in every country worldwide
How will the international transaction be converted to local transactions?
Transaction procedures will be provided to the approved BiFranchisee and Directors only
What kind of products will be offered by the BiFranchise?
All manufactured goods and commodities
What services related to international trade will be offered by the network?
Shipping, customs clearance, marketing, translations, product localisation, business consulting, business services (registrations, accounting, legal), OEM, ODM, branding, etc.
Who will finance the transactions?
Transaction procedures will be provided to the approved BiFranchisees and Directors only
How will the BiFranchisor control the transactions?
Transaction procedures will be provided to the approved BiFranchisees and Directors only
What measures will there be in place to control fraud?
All orders will be verified by FOUR INDEPENDENT parties (BiFranchisee & Director in exporting & importing countries respectively)
How will the BiFranchisor select the supplier for an order?
Transaction specs will be provided to the approved BiFranchisees and Directors only
Why will the BiFranchise be able to compete in pricing?
Because of our buying power, our worldwide sourcing network and the ability to buy under local agreements
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