From $22K to $118K/Month: How CedCommerce Helped The Drive Clothing Turn TikTok Shop Into a Scalable Revenue Engine
Reading Time: 3 minutes About the Client The Drive Clothing is a lifestyle apparel brand…
In this blog, we will guide you through B2B eCommerce trends, top B2B eCommerce marketplaces in India, and how you can create a B2B eCommerce Marketplace for your business.
Table of Contents:
1. B2B eCommerce Trends in India
5. How to create a B2B eCommerce Marketplace?
B2B eCommerce Trends in India
B2B eCommerce Marketplace experience in India is experiencing a boom. According to Statista, In 2017, the B2B Businesses earned $7.66 trillion, three times more than B2C. Its uniqueness and success have to lead to the establishment of intermediaries that design the online business portals and bring complementary business together under one podium.
Most B2B Companies in India have a transactional B2B Website. Artificial Intelligence and Machine Learning are the most trending technologies in Indian B2B eCommerce. Here is a survey by econsultancy that shows the state of B2B eCommerce Marketplace In India.
When asked B2B Marketers whether their company has a transactional website or not, 82% of B2B Marketers responded that their B2B eCommerce websites already handled transactions.
The second question asked to B2B Marketers was if their B2B eCommerce sites have investment and support from the business for continuous improvements? In this case, 93% of respondents said their companies were committed to investing in the B2B eCommerce Experience.
And the last question asked to respondents was what they want next or what is the most exciting technology-related trend in B2B eCommerce for them, 24% of them said the Internet of things, and 23% said Artificial Intelligence and Machine Learning.
Now Let’s See Top B2B eCommerce Marketplaces In India:
1. Alibaba
Alibaba is a Chinese eCommerce giant founded in the year 1999. It is leading in whole global trade, and its USP is cross border trade. Alibaba is the largest B2B eCommerce Marketplace In India. Millions of products are listed on Alibaba in more than 40 product categories, including machinery, electronics, and apparel. On Alibaba, You can purchase wholesale products from Indian suppliers and foreign suppliers.
2. Indiamart
Indiamart is an Indian B2B Online Website founded in the year 1996. You can sell or buy wholesale products online across the world or India. Indiamart has more than 21 lakh suppliers worldwide selling different types of products and services. It is reliable for SMEs, Individuals and large enterprises. The unique selling point of Indiamart is that it provides information on small and medium enterprises to the global audience.
3. TradeIndia
Tradeindia is India’s largest B2B Online Website with more than 33 lakh registered suppliers. It operates both in the service as well as the manufacturing sector. TradeIndia helps business enterprises or small businesses promote their business globally through online services, directory services, and trade events. It was founded in 1996, and its Unique selling point is shaping a worldwide system of remote producers, exporters, specialist organizations, and providers separated from Indian makers and specialist co-ops.
4. Pepagora
Pepagora is a global B2B marketplace established in 2013, connecting manufacturers, suppliers, wholesalers, and exporters with verified buyers across industries. The platform has over 7,000+ free catalogue users showcasing their products. Businesses on Pepagora have listed more than 17,000 products across 14 different categories. It attracts over 1M monthly users, supporting strong visibility and reach. Pepagora also focuses on providing digital trade solutions for SMEs, helping them connect with genuine buyers and expand in global markets.
How does one start a B2B eCommerce Marketplace? Or How to create a B2B marketplace?
To begin with B2B Marketplace, first, you have to comprehend that what really a B2B eCommerce marketplace requires. B2B (business-to-business), or e-business, is the trading of items, products, or services between organizations rather than between organizations and shoppers. In your day-to-day activity, it very well may be comprehended with the idea of trade of products or services among wholesalers and retailers.
To deal with a B2B Online Website, you will require a stage dealing with the multivendor marketplace. An eCommerce marketplace where various sellers will have the capacity to trade the items and balance out a B2B Online Website.
Indeed, there are various open-source stages accessible which permit wide adaptability and transparency. You can likewise broaden or upgrade the functionalities and can alter it as per your prerequisites.
If you are planning on starting a B2B marketplace, check out our guide to building a successful B2B marketplace.
To Know More About B2B Marketplace and the Feature Of Our B2B Marketplace Extension, read this Blog: B2B Online Marketplace With Various Features Brings Out The Best.
Conclusion
With B2B Marketplace Extension being accessible for any Magento 2 platform, it’s a great opportunity to consider the advantages these tools could bring to your business as you hope to connect with, win, and hold your B2B client base to drive a twofold digit development in advanced trade stages through 2020.
We welcome you to check our B2B Basic Marketplace Package and the B2B Advanced Marketplace Package.
Read More Blogs Related to B2B Marketplace:
- B2B Marketplace for Magento 2 – CedCommerce
- Five Reasons B2B Companies Should Launch Online Marketplaces
- B2B Basic And B2B Advanced Packages
