How simple is picking a B2B marketplace that suits your business needs? Pick a platform to start your company. But! The truth is that it’s more complicated than the sound.
Do not choose a B2B platform at random. Instead, do your research. Take a closer look at the marketplace and do some exploring. Determine the platform that will give you the biggest benefits.
We’ll start by defining a B2B Marketplace and the advantages it offers.
B2B eCommerce, according to statistics, is predicted to grow from $1.8 billion in 2018 to $1.80 trillion in 2023. It will account for 17 per cent of B2B transactions. This market is double the size of B2C. Statistics show that the B2B sector is huge. We need to understand B2B markets to grasp the idea fully.
What exactly are B2B eCommerce platforms?
B2B eCommerce Platforms are eCommerce platforms which enable business-to-business (B2B) wholesale eCommerce, and not between private consumers.
B2B eCommerce has many unique benefits. For example, you can reach out to new clients (businesses), improve your company’s efficiency, increase profits, and use big data.
Why should you choose B2B platforms for your company today?
There are many benefits to choosing an eCommerce B2B platform today.
Adopting a B2B Platform offers incredible speed and security. Data integration is also possible. These popular lead generation companies leverage B2B technology to generate valid leads that are easily convertible. Buyers can ask for discounts instantly. Many businesses prefer this B2B marketplace because it offers so many benefits.
The B2B E-commerce platform comparison: features, benefits, and pricing
B2B commerce platforms enable online transactions for companies. They have different features than B2C and are tailored specifically to meet the requirements of their sellers. They provide increased automation and advanced order processing, and inventory management options.
What are the most effective B2B online platforms? They meet retailers’ needs.
Adobe Commerce
Adobe Commerce (formerly Magento), according to the Forrester Wave 2022 report, is one of only a few B2B/B2C e-commerce solutions that provide unified solutions for manufacturers and retailers.
Adobe Experience Cloud includes Adobe’s commerce solution. This gives B2B companies more ways to gain access to answers, such as AI, e-commerce personalization, and other technologies.
Alibaba
Alibaba, another online B2B B2C marketplace highly recognized by manufacturers and vendors alike, allows them to connect. A Chinese private platform, Alibaba has an estimated GMV of $9.9 trillion and is projected to grow by $14 trillion in 2022. Alibaba’s goal is to increase its sales and facilitate business. Alibaba is an internationally recognized brand with a presence in over 190 nations.
Alibaba offers a complete trading platform, the middleman between suppliers and manufacturers. Verified main products are one of Alibaba’s finer qualities. This product gets this after passing an inspection.
Many products are available, such as jewellery, machines, and housewares. Alibaba is a platform that does not demand you to purchase warehouses. It also offers flexible trading prices.
Tradewheel
Tradewheel.com operates a popular marketplace in Delaware, USA. This website, founded in 2003, has served to bring buyers and sellers together for the past two decades. It aims to facilitate wholesale trade for everyone. They offer services like 24/7 customer service, international sales managers, etc. Tradewheel boasts over 7,500,000 global users and millions of listed products. Tradewheel operates across 190+ nations and has over 38 industry categories.
Amazon
Amazon Business has been launched to focus on B2B. Established in 2015, this platform is one B2B eCommerce marketplace’s favourites. Amazon Business is reported to have sales of US$19 billion per annum.
Amazon Business offers services in several industries, including wholesale shopping, health and education.
As per their size, they cater to clients by providing them with solutions.
Amazon Business now offers software for small businesses and organizations. They can use it to order products from Amazon Business quickly.
This allows you to assess purchasing and manage cash flow using your partner procurement companies.
eWorldTrade
eWorldTrade, a B2B platform that is highly recommended and growing fast, ranks as the top-performing marketplace. It was built to ease global trade and reach new heights. On this platform, you will find a range of verified products by eWorldTrade. Their knowledge of the latest tools and features is extensive.
Their page is very interactive, allowing you to connect quickly with other buyers or sellers. They cater to traders with the best service to meet market challenges. eWorldTrade membership packages are a standout feature. This platform has the newest features, including innovative solutions for trade.
Made-in-China
Made-in-China stands out as one of the top b2b websites in the World. By reading the name, it is clear that many of the manufacturers and suppliers on this website are from China. In terms of its success, you can be assured that it’s one of the most popular b2b platforms on the planet. This virtual B2B marketplace is designed to provide a superior user experience.
MFG.com
MFG.com is another B2B site that can be a valuable asset in the industrial product market. Buyers of customized parts can use this marketplace to discover manufacturers that can produce their products quickly. Buyers save both money and time. Also, it’s beneficial for the manufacturers as this allows them to locate new customers cost-effectively and efficiently. Everybody wins with this site.
DHGate
DHGate provides a business-to-business platform that allows buyers to buy Chinese products for a small volume. It is a brand of wholesale products that serves the entire World. The company has over 30 million items divided into various categories. DHGate has a huge range of goods—DHGate stocks great products, including apparel, toys, auto, accessories and electronics.
eBay Business Supply
eBay is a company that was established in the early 90s. Originally, it operated as a consumer-to-consumer platform. However, now they are a full B2B service. Their goal is to support and grow merchants. eBay guides and assists its clients at all times.
Teamwork is important to them, and they’ve created professional teams. More than 786 million people visit their website. Their website has a list of buyers and vendors to make it easier for business transactions.
This platform offers great value and will be a popular choice this year. It has a financial option that buyers and vendors can choose to assist them in purchasing equipment. They also connect buyers and sellers for business growth.
Global Sources
Global sources have been in business for over 40 years. The Chinese firm has over 1,5 million customers. A wide variety of Chinese-made products are available. Suppliers love Global Sources’ free sign-up offer.
You can submit a quick quote in under a minute and get quotes from different suppliers.
The company offers services, such as VIP buyers, who can enjoy exclusive perks and benefits.
It has an excellent website lets you search by product category and then analyze your selections.
These options include functionality, durability and custom services.
Indiamart.com
Indiamart.com ranks as one of India’s most popular online marketplaces. Good news! This platform is global. Indiamart.com lets industrial suppliers outside India sell to India. Indiamart.com offers many products that cover a variety of industries like engineering, automobiles, and much more. There are also valuable resources available, including buyer’s manuals and articles that cover the latest industry trends.
TradeKey
As an electronic marketplace for B2B, TradeKey has been available since 2006. This platform allows buyers and sellers to meet on a common platform and exchange value quickly and cost-effectively.
Presently, the platform serves over 9 million users across 240 nations. Tradekey provides a powerful digital platform to the World’s over 5 million exporters and importers. It is certified under the ISO 9001 Quality Management System.
Can a B2B/B2C/Hybrid eCommerce Store?
Most business owners want to grow their businesses in both directions. This raises the question, should my website be both B2B & B2C compatible?
Yes, you can. The development of a B2B Website is much more complicated. If you plan and have a vision, developing a powerful hybrid website is possible so that you don’t need two different websites for every business model.
Consider these points while building an e-commerce platform B2B/B2C.
Price your products separately. You must show them the correct pricing. A table with prices can be displayed based on volume. You can enable the “Login for wholesale pricing” option to B2B business while showing B2C prices. The key is good navigation and reducing confusion between B2B and B2C clients.
Multiple-user interfaces: Using the multiple-user interface, you can create products and show pricing or content that targets your target audience.
You can manage inventory using one database: If you are running a hybrid business, you must have lists for your B2B clients and those of your B2C. Although managing them separately may lead to errors or inconsistencies, working them all in one dashboard is better.
Traffic and scaleability: your website will reach out to a wider audience. Choose a plan and platform that will handle the traffic.
How do B2B marketplaces handle payments and transactions?
B2B marketplaces provide secure payment systems or integrate with third-party payment providers. These marketplaces offer various payment options, such as credit cards, bank transfers or escrow, to help ensure that payments are secure and reliable.
Are there membership and subscription charges for B2B platforms?
Some B2B markets charge membership or subscription fees for accessing their platform and service. They may differ depending on membership levels, features needed, and volume of transactions. The pricing structure should be reviewed and evaluated to see if the business is worth it.
Conclusion
These comparisons and reviews of B2B E-Commerce platforms will help you to find your preferred B2B Selling Platform. LitExtension is a great tool to help migrate the data of your B2B eCommerce to a different site.
LitExtension has been ranked as the World’s #1 Shopping Cart Migration Specialist. The tool works on 200+ eCommerce Platforms, including B2B eCommerce Solutions. LitExtension is proud to have helped customers in over 100 countries migrate to more than 200 stores.
Do not hesitate to contact us if you have any queries. Friendly and experienced support staff are available to resolve all your problems quickly.