Friday, February 27, 2015

Definition of Online B2B Portal

Definition of Online B2B Portal



B2B is known as the business to business trade. In this kind of trade, two businesses come together into a deal without involving the end-user or say the customer. This kind of trade occurs between two businesses and is also known as B2B trading (commerce).

To explain it simply, it can be said that in B2B trade one business provides its products/services to other kind of business. This kind of trading is possible to occur between two or even more businesses. Its popularity has lead to the set up of some intermediaries that design the online business portals and bring the complementary businesses together under one podium.

Commonly observed businesses that trade in B2B trends are businesses of manufacture and supplies of raw materials. Also, the dealers who either manufacture or brokers/traders wish to sale or purchase the used plant and machinery get registered with the online B2B marketplaces.

With B2B trade need to have a door to door search for buyers/sellers has got eliminated. Also, this kind of easy search enables the buyers/sellers to saves a lot of time as well as save the hard earned money that is otherwise wasted in searching for respective customers personally.

In order to gain some practical exposure, the Online B2B portals have been established on Internet. By using these online sources, the dealers are facilitated to carry business-to-business commerce and thus promise a lot of benefits, to the worldwide  b2b buyers and sellers.

An online B2B portal is a platform set where one business serves the needs and requirements of another business. Online B2B marketplace has become a perfect place for all the respective buyers and sellers to meet and fulfill various trading purposes involving minimum effort. This method has revolutionized the ways in which trading was done earlier.

Specifically talking about the Indian B2B portal, the Indian market has come up as a major marketing tool, which is used to give benefits to every distributor, manufacturer and supplier. This advanced way of trading has helped the traders to generate revenue so as to add productivity to their business. This in turn offers greater scope to manufacturers to cater the needs of suppliers, distributors both nationally as well as globally.

The trend of online business dealing has eliminated business trade complexities. Following the trend enables one to crack deals with respect to large business houses, importers, dealers, exporters and suppliers. This process of business trading has gained popularity and is proven to give a sure shot success to the businesses.

The major advantage with such type of trading rests with its user-friendliness as well as with the fast-paced trading techniques. One can directly link to any Indian manufacturer which thus eliminates the need to hire a middleman which ultimately lowers the cost involved on every deal made.

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