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All you wanted to know about B2B portals
By: Fibre2Fashion. Com
All you wanted to know about B2B portals
By: Fibre2Fashion. Com
B28 (business—to-business) websites include all internet-based technical solutions which faclitate
services in the establishment ol new trading relationshqas between cormanies and supporting the
existing relationships. it can be termed as an e-market tor e-business transactions. A 828 portal
primarily serves as a plattorm tor wholesalers. retailers. dstrbutors and manutacturers to carry
out their business activities online. It slows electronic transfer ol orders. invoicing and payments.
828 stands tor business to business. so in B2B site the communication and transaction is
between one business ventures to another business venture. here he targeted customers are not
approached dreary. it does not sell rirectly to the end user.
828 site has become one ol the most sorts out and techno-savvy mode tor business transactions
as well as a plattorm for sales. it provides the user the opportunity to reach out to companies and
businesses globaly. Marketing done through the B28 portals is exclusively online thus there are
no print. ristrbution or postage costs plus it is measurable through sophisticated tracking
software. B2B online marketing is an essential part Irom buyer's perspective as we! as sellers
perspective. For buyers it lacilitates in searching new suppliers. post buying requests. and search
tor used or new investment goods. For a seller point or view, it makes easy to tind out buyers for
their products. they could sell online new as we! as used promcts. They could even access the
iniormation about their competitors.
828 websites are an excellent source ol various types ot business related intormalion. Such as: -
» The history about sales. present scenario as well as luture prediction about the sales by
Knowledge about their competitors market share. the products ollerod by them and it
also hebs the companies to understand their competitors marketing strategies.
It also provides intormation about the product's pricing and sales in the e-market.
It provides business classiﬁeds. i. e. indirectly business directory or sellers and buyers.
Intormation tor the supply chain process i. e. quaity, deivery time. mode at payment, etc.
Provides information daout latest happenings of the industry the website is dealing to.
B28 website is a low cost electronic medium to communicate about your products or services to
the target markets. Nearly 90% at technical buyers use the intemet to tulllll their business
requirements. it is very easy to operate through 328. all that is needed a web browser and
Belcro taking decision to invest in 328 portals certain points shodd be cleared in the buyer or
seller's mind. like why they want to use this ptattorm. decision about what are products that are to
be displayed for sale on the website and to see to it that 828 marketing does not conltict with
other marketing channels been used betore.
828 portals have made possiite for buyers and selers to carry out sales and business
online with the advantage ol having choice ol many companies that are isted through these
websites for business purpose. There are many benefits coupled with B2Bs. Here tollow the gist
ot the advantages that are procured by the companies using 828 websites lor their business : -
1) it is a low cost clcctronlc medium to promote the bus nose.
2) It minimizes the overall steps of selling procedures.
3) it also reduces the overall cost for so ring and marketing.
4) There are many oorrpetiiors in online auction as a result the buyer of industrial goods
could get the products at a cheap deal.
5) 82B saves time for business transactions and commercial dealings between the buyer
and the seller. thus it IS a cost saving medium in terms of time. money and resources.
6) One of the biggest advantages of 828 websites is ]USl in time delivery. Such promptness
of delivery is satisfying and favorable for both buyers and sellers.
7) it facilitates the establishment of new trading relationships between companies and
supports existing business relationships.
8) By the help of business drectory and search engines provided in 828 ponais buyers can
find out potential sellers and vice-versa
9) With the help of classifieds it becomes easy to sell or purchase different products.
to‘) Tendering services which are a pan of 828 websites assists in finolng orders and
Technology has taken over paper communlcatfon which
has accelerated the business processes and ncreased ‘
accuracy. Present time demands more speed and _-r ‘_ '
efficiency for every business activity. in B2B ponais the _. /r ‘
business dealings occur with more speed and efficiency
thus prcvidlng satisfaction to its customers. These websites
are well-equipped with the latest technological resources
thus making it possible for the business to grow faster
The delivery of the products can be traced very easily and effectively by the means of advanced
software programmes which is pleasing for both the Client and the Vendor. Prompt delivery
ensures instant profits. thus making the business transaction fruitfu'. Through 828 websites the
geographical and time ’lmitations has blurred. hence it has become easy to sell or purchase
products 24."? days a week. 365 days a year in any country without any mediator.
Business to business ponais provides its members the opportunity to display thelr products.
deliver up-todate information. speciﬁcations and applications as well as sell and purchase
products at one common plattonn that IS the 828 portal. Similar products can be re ordered from
any previous data with just a clck of the mouse.
check point for the B2B portals
823 websites are the latest innovation in the field of business enhancing medium and platform for
venous commercial activities which can be done on global basis on your computenlaptop. in
huge and vast electronic world of websites there are many B28 portals deal mg with various fields.
For instance-automob Ies. computers. agricuiture. consumer goods. textile and apparel prod ucts.
etc. Therefore amidst so many options available on the internal it is become important to check
out the authenticity and rellabiitty of the website before enrolling.
Here are the indicators ' sled. which proves the genuineness of the B2B website : -
'r The frequency of updating of recent data on the website is a checkpolnt for a B2B portal.
Any website that is prompt in its work would always try to provide the latest infonnaiion
on «ts web page. There would be no stagnancy of contents on the website
> The importance of its web page is calculated through its page rank ln home page of Goog'e
search engine. The website link should open by entering key word and its page rank should
be between 1 and 10.
'»The portal should be cortlllod by standard notriicatlon tor
/ veriﬁcation. For example- Like VISA. ISO 9001. Payment
>The clientele and visitor base oi the portal should be studied
belore the enrolment.
‘rA portal which provides statistical data about ilsell is also
worth considering The data that is provided through any authentic log analyzer holds
inportanoe. Some of known names in log analyzing are web trends, I23. Alexa ranking etc.
‘r The portal should contain A to 2 information about the ﬁeld it is connected to and
that too with accuracy
xv There is no better way to judge a portal than through the word of mouth. through
the feedback lrom its present members. the relarences it gets and also by its
"p The class of advenisers on the portal has to seen beforehand. Good and genuine
portals will have known brands as their advertisers.
‘r The range of topics covered in the portal pertaining to the lield it is connected.
indicates its knowledge base about its lleld and its activcncss to provide
wholesome data base to its members and visitors. For instance there can be
additional topics which ooud be covered by a 828 website iike- news. articles.
directory. jobs, events. etc.
Thus 8213 website provides equal opportunrty lor smal as we! as big businesses and
international companies. It makes possible for an enterprise or business to term electronic
relationship with their distributors. resellers. suppliers and other associates.
To read more anicies on Textlo, Fashion, gist. Technolggg. Retail and General piease
To promote your company. product and services via promotional article. follow this link:
m; I/vmrw. ti: re2lastion. corn/ senrioasr'leatrued-article/ tegtured grticlaag