With the adaptation of b2b trade platforms, the global way of doing business has taken a dramatic shift in its direction. In the past, global suppliers may rely on the world importer and buyer directory and email promotion to access international importers. These b2b trade platforms have made online connections and communications between global buyers and sellers easier and faster.
It is Now Even Easier to Make Money Online
Online business transactions from anywhere in the world can now be consummated with ease and security. Geographical locations are no longer a barrier to two parties that have agreed on a certain mutually beneficial transaction. The ability to increase one’s sales revenue, coupled with the reduction in operating cost is simply a tempting business opportunity that no practical thinking entrepreneur will pass up.
b2b Trade Platforms Advantages to Suppliers
If you are a supplier of goods and services, you can benefit a lot by utilizing these platforms:
- With b2b you will be able to track down every cent that you spent in promoting your product. This enables you to critically evaluate whether a type of promotion has produced results or not, and modify your marketing efforts based on these results.
- You will save a significant amount of money since you will have no building expenses. Since you only have a website to maintain, you don’t need to hire a full complement of sales staff to process your orders, thus you will also save on your operating costs.
- You will gain access to new customers and expand your market without having to set up a physical store to increase your products’ visibility.
- You no longer need to spend enormous amounts of money for product advertisements.
- Your ordering process will also be streamlined, enabling your customers to have their products delivered to their homes faster. With b2b, you can save at least 10% of your sales order processing costs.
b2b Trade Platforms Advantages to Buyers
These e-commerce platforms have also a number of advantages to buyers and importers:
- You are no longer limited to your local suppliers. These platforms will enable you to get the best products all over the world.
- With a lot of suppliers at your disposal, you will be able to negotiate for the best prices for the items you need.
- With b2b trade platforms, you will be able to have your products delivered to your door faster. From the ordering process to the delivery process, your order will be fully tracked so that if there is any problem, you will be given a timely update.
- If you are a product manufacturer who depends on raw materials in your production, b2b will enable you to source out all the material suppliers that you want and not be limited to your local raw material supplier. Thus you are able to negotiate for the best price and the best delivery time.