Tuesday, February 25, 2014

37- How The B2B Marketplace Is Revolutionizing The Industry For Both Sellers And Buyers

How The B2B Marketplace Is Revolutionizing The Industry For Both Sellers And Buyers

How The B2B Marketplace Is Revolutionizing The Industry For Both Sellers And Buyers


The global trading platform has taken an entirely different shift as B2B marketplace has gained immense popularity with the worldwide market. B2B marketplace, is an online platform that bridges wholesale buyers and sellers from around the world to do direct transactions not only with their local partners but with other international trade partners as well, eliminating geographical restrictions whilst improving the company's sales revenue and lowering costs quite effectively.


B2B Marketing Advantages for Suppliers

For suppliers who engage in the B2B market, one advantage is the ability to access new and potential customers and other markets without having to physically set up a brick and mortar store to increase the company's visibility. This reduces the operating costs included in setting up a new storefront as well as hiring workers to man the store. The company can instead make use of the allotted budget to improve the efficiency of their distribution network or put the budget to another use.

Another thing that makes it advantageous is that it streamline the ordering process making it efficient without having to reduce the quality of the product. Sellers can cut the processing cost up to a tenth of the original cost with the use of B2B platforms.

Reduction to cost in terms of advertisement and ads are also another plus to the platform. Most companies who avail of advertisement or campaigns would not know where the other half of their campaign would go and some even treat these as waste. With the introduction of the B2B, stores can now track down every campaign or ad that they release to the public through social media platforms integrated with their software and decide whether the said campaigns are successful or would require further revision in the future.

B2B Marketing Advantages for Buyers

For wholesale buyers, the platform is an excellent way to connect with wholesale suppliers around the world. As the platform dissolves the distinction and barriers of geographical limitations, buyers are able to negotiate with different suppliers thus reducing transaction cost. Availing of B2B platform ensures faster ordering process as well as efficient delivery tracking method of the goods purchased by the buyer.

Another opportunity that would open up with the usage of the platform is the fact that buyers are no longer limited with regards to their sources or suppliers as with the advent of the B2B platform, they now have the opportunity to meet and negotiate with various suppliers thus enabling them to lower their source material acquisition whilst still being able to provide quality products to the end consumer.

The advantages of the B2B platform is enormous and the potential is limitless, with that said, it is important for those who are interested to choose the B2B provider that would meet their company's needs and requirements.



Article Source: EzineArticles.com

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