Which is the best B2B marketplace in India? How to build one?
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In this blog, we will guide you through the B2B eCommerce trends, top B2B eCommerce marketplaces in India, and how you will create a B2B E-commerce Marketplace for your business.
Table of Contents:
B2B eCommerce Trends in India
B2B E-commerce Marketplace experience in India is growing fastly. 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 E-commerce. Here is a survey by Econsultancy that shows the state of B2B E-commerce Marketplace In India.
When asked B2B Marketers whether their company has a transactional website or not, 82% of B2B Marketers responded that their B2B e-commerce 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 E-commerce for them, 24% of them said the Internet of things, and 23% said Artificial Intelligence and Machine Learning.
Now Let’s See Top B2B E-commerce Marketplaces In India:
Alibaba is a Chinese e-commerce 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 E-commerce 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.
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.
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.
How does one start a B2B E-commerce Marketplace? Or How to create a B2B marketplace?
To begin with B2B Marketplace, first, you have to comprehend that what really a B2B E-commerce 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.
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.
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