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B2B Marketplace

Business to Business or B2B marketplace is offering a great venue for various traders to communicate, collaborate and of course, to conduct business transactions. B2B marketplace is designed specifically to provide established businesses a platform for its members to either make trades or purchases using the web. As a matter of fact, this is a big help for companies to increase its exposure and boost its reach at the same time. Here are several reasons to why you must consider using this community marketplace.

Reason number 1. A big community of traders – as you sign up to an established and well known B2B marketplace, companies are given easy access to lots of potential buyers and suppliers. Most of the time, the typical size for marketplaces are not lower than a thousand. Given the fact that there are tons of sellers and buyers in the community, rest assure that you always got the perfect chance for expanding and growing your business through sourcing new customers and suppliers. Most of the time, businesses can increase trade significantly by working closely with companies that are found in this marketplace.

Reason number 2. Real time marketplace – the buyers on B2B marketplace are also given great access to huge pool of resources that then helps them to perform research, compare and study merchandises available including the change in pricing. It is a lot easier for the traders to know what is best for their purchase as they have the key information in single market.

Reason number 3. Comprehensive display features – in virtually any B2B marketplace, it boasts a comprehensive e-Catalog that helps them display thousands of different products. Effective and well built content management system or CMS is critical to have a simplified navigation, real time handling of market processes, ease in organizing and publishing product info as well as advanced search abilities. Advanced marketplace is very beneficial to any traders to meet shorter sale cycles, increased revenue and better customer satisfaction.

Reason number 4. Expedited selling process – an all-inclusive b2b marketplace can help you to expedite the selling process while reducing wide ranging overheads to which many different businesses are dealing with. These trading portals are covering every phase of transactions be it buying or selling which includes invoice, quotation, negotiation as well as shipment tracking.

The cost of processing is reduced as the system is making use of electronic sales solution. Full electronic system also helps to cut down errors in document which is fairly common when using old fashioned paper systems. Number 5. Electronic procurement – this has strong correlation in efficient methods in carrying out business online between sellers and buyers.

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