Business to Business or B2B is a dynamic and newly evolved trading concept that uses internet solutions in order to build new business relationships with companies worldwide. B2B could be interchanged with Ecommerce, e-market or e-business. B2B brings together manufacturers, wholesalers, distributors, and retailers under one roof. Companies can exchange messages, information and transactions as well as perform regular business activities like sale and purchase of goods, invoices and payment through B2B portals. Below mentioned are the advantages of getting online and participating in the B2B Marketplace.
Cost Effective Marketing Medium
B2B sites use only and only internet for the whole marketing procedure. This means that the business does not have to spend a single penny on printing, distribution and postage, since all promotions are done online. This saves a lot of money of the business. Hence, B2B is one of the most cost effective marketing mediums. Moreover, it is possible to keep a track of all the business transactions via a software application that can measure the success rates automatically.
Ease Of Access
There is an interactive database of importers and exporters available at B2B Marketplace. The business dealer has access to all the information over internet and he can easily contact the other party if he wishes to. Business becomes simpler to do. There is no need to spend time in travelling to and fro, just to find good business partners.
Fair Business Opportunity
B2B marketplace helps in completing the business transactions at a very fast pace. From inquiry to order to invoicing to payment to delivery, every step of the transaction process is executed in a timely manner. Every business, regardless of its size can gain success using B2B marketplace. There is no need to have a flashy showroom or store and business can be conducted simply from the internet. The continuous advancement in technology is providing more opportunities to those who are engaged in doing online business through the B2B Marketplace. It is an altogether new world where new businesses and customers are easily accessible. Thanks to internet which has made this world possible.