According to a post by Alibaba, the transactions of the global business-to-business eCommerce have totalled up to US $12.2 trillion in just 2019 alone. Plus, what is even more interesting is that one of the most popular trends in the world of B2B eCommerce is the growing rise of the B2B marketplace.
Before we dive into the details, it is important that one must understand what business-to-business (B2B) actually is. In simpler terms, a B2B model involves companies that perform a variety of services or even products for other diverse businesses rather than focusing on individual consumers.
Moreover, this term has become synonymous with online trading concepts and is also known to be supplied to B2B marketing companies, Software as a Service (SaaS) products, and various other supply companies.
And if you are the owner of a middle-sized enterprise, it is highly likely that you will come across many B2B companies and will have the chance to interact with them at some point in your business journey.
Hence, their involvement in your company plays a major role, so it can significantly help if you empower yourself with the knowledge to understand them better for future references.
Understanding eCommerce Business Models
To understand B2B more in-depth, comparing it to its other eCommerce categories is a good place to start, which include business-to-consumer (B2C), consumer-to-business (C2B), and consumer-to-consumer(C2C).
In B2C, which is also known as retail sales, is a business model that sells services and products directly to individual customers. It is a simple means of business transaction that involves a fixed price, less administration, and lower volume.
C2B involves a process where the consumers offer various values and facilities that can be consumed by businesses such as influencer marketing or customer reviews. C2C involves a business process where two different individuals sell goods to each other. This is also a classic example of how eBay used to work in the beginning.
B2B also has a completely different target audience and offers raw materials, finished parts, semi-finished parts, consultations, and services that are required by various other businesses in order to operate and prosper.
A B2B marketplace is considered to be a type of eCommerce platform that focuses on bringing together B2B buyers and sellers while providing them with the opportunity to do business in one online place. S
imilar to its B2B counterpart, businesses sell their value-added products and services, but a B2B marketplace consists of manufacturers, wholesalers, suppliers, brands, and their consumers are diverse businesses in the professional sector.
Furthermore, a B2B marketplace can also have other names which are dependent on the nature of its selling process. For example, some of these names include B2B trading platform, B2B portal, B2B catalog, B2B procurement, and so much more.
eWorldTrade – The Best B2B Marketplace Online
Despite the exceptional benefits one can avail through B2B marketplaces, there are not many notable platforms of the B2B marketplace. This is mostly because of the intricacies that come with building technology and working on gaining a trustworthy reputation over the years.
However, eWorldTrade is one of the few places that have gained a lot of popularity over the years and made a name for themselves as one of the best B2B marketplaces online.
eWorldTrade is known to be a well-established B2B marketplace that has more than a decade worth of expertise in web development and digital branding. They offer a wide range of diverse eCommerce services while simultaneously helping them expand their client database.
Hence, their exceptional services have allowed them to cater to the needs of more than 500,000 registered customers and are continuing to expand their business influence by increasing the database suppliers, manufacturers, and various companies from all over the globe.
What really sets eWorld Trade apart from its competitors is that a lot of focus has been given to the platform’s design and has been developed in such an intelligent way in order to address the fierce competition it has within the professional sector. Since day one, it has been providing a secure, reliable, and fast-medium for trading processes.
Since the world is quickly moving towards an advanced technological age, companies that have been integrated with the latest equipment are able to thrive as a popular business. This concept has also been followed by the esteemed team behind eWorldTrade.
The platform has been integrated with the latest advanced functionalities and features that have never been offered before on any other B2B platform. Additionally, countering marketing trends has led eWorldTrade to be the sole B2B portal that is aiding millions of traders to express their visibility on a global scale.
The company has been striving towards making itself one of the best transparent B2B marketplaces around the world that is committed to providing its audience with innovative and authentic solutions that can introduce new features to their company and further improve their functionalities in the future.
Some of their eGold features include an unlimited amount of product posting and access to the buyer directory, guaranteed buyers, product showcases, targeted email marketing, providing facilitation during the time zone target market, and so much more.
Over the years, eWorldTrade has been distinguished as one of the best B2B platforms that have served as a bridge for buyers via effective online solutions and continuously improved services for the sake of better development for their brand. As a result, they have added value to their services to redefine their global trade.
Something that is even more impressive about eWorldTrade is that even though they have gained a massive following over the years, their end goal – which is to provide their users with a reliable and fast trading platform with innovative trading solutions – has not changed.
They continue to meet the challenges of B2B marketplace head-on and are relentlessly working towards filling in the gaps and loopholes in their current business framework. Since it has been promoting authentic products and transparent services, it is currently considered as the ideal platform that stands as the leading B2B portal that has utilized its unique features to effectively connect sellers with potential buyers.