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Ininternational trade, one business house to find another business entity ofrelated trading need is of paramount importance. History indicates that priorto the existence of Business to Business (B2B) web portals; the whole businessprocess was a long-drawn-out one, which involved a lot of time, money andenergy. The arrival of B2Bs in the world of e-commerce has eventuallytransformed the way businesses are done around the world today. The conceptof B2B portal should be termed as the most amazing invention in the world ofbusiness. While they sprout one after the other in the web world, no one doubtsabout the success of the concept, but perhaps which one would remain among themin the long run. All the leading B2B portals are vying with one another byproviding customized solutions for their clients' international trade needs.B2Bs are not just portals with a vast database of exporters and importers alonebut also as that of transporters and other related service providers.Conventionalchannels of international trade involved massive financial outlay. Therefore,most of the domestic traders as well as others who wished to enter eximbusiness used to ward away from such ventures. But B2Bs allayed such fears by enablingthem to use the provided platform as a testing ground to gauge the interest oftheir product or/and services in the international market. Hence, B2Bs allowed,especially the new player to de-risk oneself from incurring enormous blindinvestments before making serious plunge into those markets straight away. During theearly days of B2Bs, they used to have only the data base of exporters,importers, transporters and service providers. But today they have a sectiondedicated to provide information about trade shows happening across the world.Besides, they have subsidiary services like latest news, and forums to exchangeone's concerns and experiences of international business. Some of theleading portals has a mechanism to clean up or/and screen profiles deemed asspammers and fraudsters. Yet deals on B2Bs should be given the same diligent carethat you give to do any business, to avoid any kind of disappointment. As asafety measure, one should try to deal with the premium members because some ofthe leading B2Bs, approve the paid up members company profile after making aback ground check. Successfulconverts of B2Bs have started utilizing the services of multiple B2Bs insteadof being listed in just one of them for ensuring quick business response. Evenconventional international traders and those traders with self networks admitthat a giant share of the future overseas businesses would be through B2Bs. Incidentally,various governmental organizations with exim arms too make use of the servicesof B2Bs.Dayin and day out, thousands of traders are signing in as free members and premiummembers of various B2Bs and are striking deals worth millions of dollars byjust communicating with them over the internet, some times even without seeing oneanother. If B2Bs are adding new converts at this pace, these portals to becomethe sole international trading solution would not be a far cry from reality. Article Tags: International Trade
B2Bs,Are,Rendezvous,for,Megabu