B2B marketplace is not a new thing but, still the users of B2B marketplace are restricted. However, the trend is changing slowly and more people are realizing the potential of a B2B business portal. But, still channelizing these portals at a significant level is required so that more business houses can use such places to improve their productivity and profitability in a sustainable manner. For the ones who are not aware of the perks of using a B2B marketplace, the following factors will make them realize its importance in a significant manner:
1. B2B Business Directory Is A Large Community Of Buyers And Sellers:
By becoming a member of B2B marketplace, one gets immediate access to a number of potential buyers and suppliers.An effective B2B marketplace, has more than 100 thousand members. With such a high number of listings, the opportunity to grow your business and find new customers have increased significantly. You do not have to waste time in scanning the market with conventional ways and with a lot of filters available online you have precise results with exact requirements.
2. Allows To make A Quick Decision :
A buyer has a flexibility to read, understand, compare and analyze the products offered by various business owners without leaving the market. This flexibility does not present in the conventional markets and this process take a lot of time, turning decision making a tedious job. Studies revealed that around 47 percent buyer's first visited web sites to gather information about the products they are looking to purchase. Products listed on such marketplaces come with Catalog and seller’s Web store. With this, the probability of improving the conversation rate increases.
3. Sophisticated eCatalog Helps In Describing The Products In A Smart Manner:
If you have a powerful Catalog you have a great way of describing the product details to your customers. With a better interface, a prospective buyer can navigate, and search in a hassle free manner. Even business owners the get flexibility of managing the products and enable real-time management of business processes related to buying and selling. It stores the information about products in a single database. Further, it has advanced features that help buyers in locating the products easily.
4. Sales Solutions Leads To Reduce Sales Cost :
Business listing directory not only list your products and business, but also helps in internal marketing at each step of the sales process from offer to negotiating to creating the invoice. Digital sales process also reduced the sales contract cycles that lead to reduce production cost. Document error also reduces to a significant rate over paper based-systems.
5. With Same Store You Can Target Different Market Segment :
WIth the same marketplace, business owners can target different segment of the market in an effective manner. They can create sub-divisions that help the buyers in surfing the products as per the requirements.This is a unique opportunity for small business owners who have fewer employees even less than 20 to improve the sales online.
if you have not listed your business on a B2B marketplace then it is not late, hurry up and sign up for an efficient marketplace, then can boost your business at a rapid pace. Dealerbaba not only give you a place to list your business, but take all the measures that ensures your business reaches the height that it deserves in a particular time frame.