Do you want to start your own B2B marketplace like Alibaba, and IndiaMart? Do you want to boost your sales? Here you can find the best way to start your business.
In this era of internet, b2b marketplace is flourishing like never before. Most of the companies have taken advantages of B2B e-commerce to expand their business. Some leading companies have leveraged online strategies for years to accelerate their growth.
“B2B buyer behaviour has been changing dramatically over the last few years as buyers become more sophisticated, and find new ways to gather information online and via social media.” –Holger Schulze
Can you afford to sit back while your competitors join a b2b marketplace?And the answer will be definitely a big NO.
“It’s time to think about Advanced B2B Marketplace”
B2B marketplaces are exclusive for wholesale markets, where people buy bulk of products from suppliers directly, unlike B2C where consumers buy from retailers.
A good example of a traditional B2B market is computer manufacturing. The cabinet, processor, RAM, motherboard and monitor are essential to the final product – the computer – are often manufactured by separate companies, and then sold directly to the computer manufacturer. When you buy a computer from one company, you’re really purchasing parts that were created by dozens, if not hundreds of businesses. Because so many small transactions result in one large business-to-consumer sale, B2B companies tend to experience a high volume of sales.
Before starting B2B e-commerce business following are some points that you must consider.
Today, there are many e-Commerce websites that are running successfully, so it is important that you prepare complete list of your requirements and features that you want to incorporate in your B2B e-Commerce website.
Not only this there are hundreds of B2B e-Commerce websites that are running successfully, so it is important to know what features are you going to include will segregate your website from others.
Select the right business to business platform
For handling a B2B marketplace, you will need a platform or software which can manage the multivendor marketplace. Choosing the platform also plays an important role in deciding the future of your online store. It acts as a foundation for your online store.
B2B online marketplaces increasing the visibility of products and making them accessible to a wider audience. Due to the large amount of B2B marketplaces it is difficult to assess which B2B platforms fit best for each market.
Budget is like a fuel for your project; right amount and proper utilization can do wonders for your business. You will require some sort of funding so it would be better to keep the money factor in mind. Use your network to promote your business.
Is there any readymade solution?
This is one another important factor to consider. Nowadays there are lots of ready-made solutions in order to create your B2B e-Commerce website. This is both economical as well as it will encapsulate all essential features that are required. There are many e-Commerce solution providers that have excellent packages at an optimum price.
Going for a readymade solution does not mean that you cannot customize them. You always go for customization of the modules.
“The only way to consistently grow in B2B is to be better than very good”- Seth Godin
Features of our B2B Marketplace Package-
In order to create a B2B Marketplace, you can check CedCommerce B2B Advanced Marketplace package which has all the benefits and features for more professional buyers.
What’s inside the Package?
Marketplace Platinum Package
Marketplace Platinum Package consists of all the advanced features of a typical marketplace that will transform your single seller online store into a Multi-Vendor Marketplace, enabling vendors, wholesalers or retailers to create an account on your website and manage their inventory and process complete orders from their dedicated vendor panel.
This package itself contains 9 additional add-ons designed to enhance the overall user experience of not only sellers but store owners and end customers as well.
Sellers can signup through their social media account and can add to their inventory all 6 types of products allowed in Magento that too with custom attributes.
The store owner can exercise miscellaneous conditional commission rates on each sale of vendor products depending upon the product type and its category.
Customers will be able to rate and review vendors according to their delivered product and service.
Vendor Mass Import Export Add-on:
Managing the catalog becomes arduous when the products tally swell and the process of adding new items or updating the existing ones individually is in itself a big challenge.
Vendor Mass Import Export addon tackles this ambitious challenge by allowing sellers to add, delete or update bulk products through CSV. Moreover, sellers can also import bulk product images.
Request For Quotation:
For any B2B business, negotiating prices and terms with your customers play an important role in closing the deal.
Request For Quotation extension will allow specific customer groups to request a quote and negotiate price/quantity of products with the store owner. Products can also be sold in parts through the partial payment option.
Purchase Order System:
Purchase Order System will allow end customers to request store owners for products which aren’t currently listed in their store’s catalog. Customers will have to provide necessary details about the product while making its request like name, images, quantity, products URLs, etc.
Both parties can negotiate the price and quantities of the requested product and close the deal accordingly.
Quick Bulk Order:
Speed up the checkout process of ordering various products in bulk with Quick Bulk Order extension by avoiding adding products to cart individually.
With this extension, products eligible for bulk purchase can be listed under one category from where the customers will have to simply select the desired product with their respective quantities and directly add them to the shopping cart all at once.
Configurable Matrix extension streamlines the process of creating configurable products. Configurable products are the ones which have multiple attributes, for example, a t-shirt which might come in various colors and sizes.
It displays all the configuration of a product in a matrix format and customers can add bulk quantities of each configuration to the shopping cart in one click.
B2B Marketplaces represent an exciting growth area in e-commerce, now is the time to build your own B2B online marketplace.
You can also refer the following link in order to know more description and Pricing etc.
Your B2B Advance Extension is no more at 50% but, now exclusively at FLAT 60% off
The B2B Marketplace Basic Extension is no more at 33% but, now offered at FLAT 40%off
Read More Blogs Related to B2B Marketplace:
- B2B Online Marketplace With Various Features Brings Out The Best
- B2B Marketplace for Magento 2 – CedCommerce
- Five Reasons B2B Companies Should Launch Online Marketplaces
- B2B Basic And B2B Advanced Packages
- Importance Of Request For Quotation Extension In B2B Marketplace