What,B2B,Portal,Business,B2B,r business, insurance What is a B2B Portal
Date:2020-12-25 What,B2B,Portal,Business,B2B,r business
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Business to Business or B2B refers e-commerce transactions betweenbusinesses. It is a term that originated and is almost exclusively usedin electronic commerce and usually takes the form of automatedprocesses between trading partners. Or you can also perceive B2B as thetransactions that happen within an industrial value chain before thefinished product is sold to an end user or a consumer. B2B can also describe marketing activities between businesses, not justthe final transactions that result from marketing, though the term canbe used to identify sales transactions between businesses. As anexample of B2B we can consider a tyre manufacturing company supplyingtyres for an automobile company. HOW B2B Web Sites help Business in International Trade? For example, let's say a Textile Factory (China) wants to Search/Exportto a Garment Factory (India) who is also looking for good textile forhis garments. B2B plays the interface between them and help them in allthe steps to make the final deal, Then lets say the aWholesaler/Importer of Garments (Canada) wants to Source/Import fromGarment factory (India). B2B Website helps them locate Garment FactoryAccording to the Importer Specification and helps them import. TextileFactory -> Garment Factory <- Garment Wholesaler/Importer So with this example we learn how B2B helps Exporters to search andcontact Buyers/Importers and again helps the Imports to Source/Locatethe specific Manufacturer/Exporter for the product he is interested in.B2B Portals are those which provide information aboutservices/information provided by businesses which can be used by otherbusinesses. B2B portals are usually categorized on the basis of thebusiness type and services they render. It acts as a platform for thebusinesses to display the product/services and attract potentialcustomers. Or we can say B2B portals are meeting place for buyers andsellers across the globe. Cost Effectiveness is an important aspect of the portals. The companiesoperating in different countries cannot always catch their businessdeals through advertisement campaigns. It will not be feasible for acompany to spent big amounts on advertising and wait for the results.So for these companies business to business portals are really helpful.They can register in the portals and get business from there. Portals operate in different styles. But most of the portals have two different kinds of membership for businesses. 1) Basic membership: This membership is free, which will provide thecompany listing for them in the portal and limited access to otherbusinesses or trade leads from the portal. 2) Premium membership: This membership is not free. Here companies haveto pay some fixed amount for registration. This will give enhancedcompany listing and unlimited access to other businesses and tradeleads. Some portals also provide mail feature and other attractiveoffers. In the present day world, web is having its influence in each and everysector. Most of the businesses doing Import or Export have theirbusiness listed in the leading b2b portals. They are reaping thebenefits of the web based business world. Article Tags: Between Businesses, Garment Factory
What,B2B,Portal,Business,B2B,r
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