Business To Business Marketplace

11/04/2012 11:24

The Business to business market place is a term not known only to those who are in no business! Because it is a costly affair to remain unaware of such a profitable avenue. B2B portal has helped customers and the business people and all stake holders to come on one platform. B2B is a medium which is mainly known and used through World Wide Web. Here is a place where customers and business professionals come at one platform. One need platform for convenience and ease and the other is providing it to bring the available options to judge from….All stakeholders willingly participate in the process. The business to business or B2B portal helps in creating a joint venture for interested parties. The venue can be anywhere all over the world. The type and size of business hardly matter; the only driving force is reaching out to as many as possible. Because B2B means both a wide reach and fast accessibility.

 

While other businesses are different, B2B business falls into entirely different group. Here there are broadly four categories: institutions, private agencies, government agencies and companies that consume services or the product. The manufacturers comes in the first category, the government or the private agencies are the second category ,the institutions including schools, hospitals falls into third category and the forth category is of the resellers.

 

One needs to see the NEED. A budding entrepreneur from Bangaluru could not book the ticket to his hometown even after reaching at the bus station. He saw the need for many to book their tickets through Net or Phone with all details of bus timing etc., so he developed software and started the business as an intermediate agent. His agency is in great demand both among bus operators and the travelers. He invites other competitors to do the same business using his software.

 

Businesses have to seek opportunities to diversify. Parallel activities are possible within a set up. One has to explore and see how the same setup can be offered in a different grab to a different user. Marketing costs are very high. Once a product earns its name new ventures open up. Footwear manufacturer easily introduces apparels under the same brand name. Here an unknown manufacturer of apparels uses the established brand of footwear and they both enter into a win -win situation.

 

Business simply means putting your resources to their maximum use while minimizing undue expenses and thereby earning maximum profits. B2B brings a possibility where the profit earning can be multiplied manifold. There is always some NEED where you can feel the GAP.

 

More information at: https://www.made-from-india.com/article/Business-To-Business-Marketplace-1016.html

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