7 Awesome B2B Marketplace Website Examples You Need to Know
What does a B2B Marketplace mean?
B2B is the shortened version of business-to-business. A B2B marketplace is the market where a business sells its goods and services to another business as opposed to selling to an individual customer.
A digital platform where all transactions take place is not unheard of in B2B dealings.
Usually, the common platform is a website.
The benefit of an online marketplace is that it connects the seller to the buyer directly and makes the process of sale and purchase easier and simpler.
Features of a B2B Marketplace
A B2B marketplace will differ from a B2C (business-to-customer) model in certain aspects by providing various features as listed below:
• Bulk ordering
• Editing the order
• Payment in installments
• Different payment modes such as bank transfers
• Quotations, etc.
The more features a marketplace has, the more preferred will be that particular platform.
7 Awesome B2B Marketplace Websites
Founded in 1999, IndiaMart is India’s topmost marketplace with over 119 million buyers and 6.4 million sellers. Whether you’re a small, medium, or large enterprise, there’s no constraint on making an account and selling your product. Due to the large market share in the B2B segment, buyers often visit IndiaMart first when looking to buy a product in bulk.
Alibaba is a B2B marketplace serving retailers and wholesalers across the world. In addition to acting as an intermediary between buyers and sellers, Alibaba also provides a variety of tools to small and medium businesses to grow their e-commerce store.
- Amazon Business
Amazon is a popular household name, selling a wide variety of products to its customers. However, in 2015, Amazon Business was launched to cater to businesses of all sizes. Even though Amazon Business is relatively new in the B2B world, it has quickly gained prominence and announced a profit of over $10 billion in 2018 alone.
US-based eWorldTrade is a reputed online marketplace providing services in 220 countries. The key advantages that eWorldTrade provides its users is transparency, security, and opportunities for expansion. They ensure all suppliers are verified and trusted and aim at providing products at competitive wholesale prices.
- Global Sources
Founded in China, Global Sources is a popular marketplace connecting buyers across the world with sellers majorly from China and Asia. The key difference between Global Sources and other marketplaces is that it has not just an online but an offline presence also. They boast of over 1.5 million international buyers and aim to provide top-notch solutions to suppliers.
A subsidiary of Infocom Network Ltd., TradeIndia is India’s second-largest marketplace after IndiaMart with more than 5.5 million registered users. Apart from providing a platform to suppliers and buyers, TradeIndia also offers lending services, such as loans, and export bill discounting, making payments easier for exporters.
A recent entrant to the B2B segment, Shoppa.in has quickly become a top choice for small and medium businesses. They provide a wide assortment of products from food & beverages to chemicals and building material. Shoppa.in offers large discounts, secure transactions, and a simple user-interface, making it an attractive choice for new businesses.
The Bottom Line
So, that ends our list of 7 awesome B2B marketplaces changing the whole B2B landscape. These platforms have gained popularity due to the numerous features they offer their users and top-notch services.
If you’re a seller trying to find new buyers or a buyer looking to connect with a supplier, consider visiting these marketplaces!
Whatever marketplace you choose, make sure their services are aligned with your needs, be it as a buyer or a seller.
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