B2B Marketplace- An excellent tool to Expand Your Business Globally

By: Gaurav Batra In: B2B Last Updated: 2013-08-26

Do you run a business? Would you like to expand your business to the global marketplace?
Of course! If you run a business, why wouldn't you favor its expansion? B2B marketplace is the right platform that will expand your business globally!
Globalization is an unavoidable phenomenon of the 21st century. Business has an incredible exposure to a global marketplace today. The phenomenon of globalization and a global marketplace to the business world has been brought upon by the advent of internet. The internet facilitates expansion of your business globally through B2B Marketplace in a virtual trade platform. E-commerce trading gave rise to B2B (business to business) portals, which provide an interface between buyers and sellers. B2B Marketplace has numerous advantages. Some major advantages are listed below:

Global empowerment to business: B2B portals serve as a global marketplace. Buyers and sellers from all over the world are free to be a part of the online trade industry through B2B portals.

Cost-effective: B2B portals considerably reduce the cost of investment to buy/sell products.

Wide range of options: The business parties get a wide range of companies to select from, without any geographical limitations.

Lower cost of consumer acquisition: Consumer acquisition is a very significant marketing tool, which involves managing customer prospects and inquiries. A B2B portal provides a critical connectivity that facilitates consumer acquisition in a cost-effective fashion.

Proactive: Online B2B Portals also enable the business organizations to be proactive. B2B portals can provide a variety of information related to companies such as market position, sales record, competitor's market share, etc.

Community relation: B2B portals facilitate a healthy and competitive environment between the buyers and sellers worldwide enhancing community relations.

Time saving: Each second is worth a billion pounds. The marketplace cannot afford wasting time. B2B portals save a lot of time by facilitating easy and quick trade.