B2Bs,Redefine,International,Tr business, insurance B2Bs Redefine International Trade
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While themesmerizing world of e-commerce gave birth to Business to Consumer (B2C)portals or otherwise known as e-tailers, the business world believed that theseportals will be the ultimate tool in global trade. In the course of time, theB2Cs began to show signs of limitations, the way it could function. Itliterally turned the usage "consumer" in singular or smaller groupsense. Eventually, businesses went back to their earlier practices ofconnecting with other businesses in the conventional manner. In a globalizedand internet world going back to ancient trading methods were preposterous andthe trading community felt that they needed a concept or process which couldmake things easier for them to do international trade. B2Cgradually metamorphosed into Business to Business (B2B) portal which went on tobecome the most effective tool in international trade. Today if one makes abackground check on any overnight success in exim business, one can find thesupporting arms of one or many B2B portals. B2Bs became a run away successbecause it was able to provide comprehensive solution for anyone's eximbusiness just being in one's office. Besides, the traders were able to bringdown the cost of their products or/and services to bare minimum because theyspent very less on finding new prospect/s through B2B's. Some of the top B2Bportals in the world provide more information about one's business activitiesin their respective B2B profiles than one's company website. While companywebsite functioned as web shop of one's products or/and services, B2B profilesof one's company served as feeders to one's web shop. Even thoughB2Bs have done a world of good to international trade, they have not derivedthe right place in the world of business so far. Perhaps one reason for thatcould be, when compared to other services or concepts, B2B transactions areimmeasurable. That is because there is no mandatory clause that makes thetrader to provide data once the deal is through. Since the industry has notgrown to the level of imposing rules, it is unlikely to draw the value andvolume of the transactions take place on these portals. Once a viable mechanismto measure the value and volume is in place, the traders will be induced to seekthe services of B2Bs without any hesitation regardless of region or size. Thegoal of B2Bs is to unify the trading world and all the top portals are strivinghard to provide simple solution to the traders for their trading needs. B2Bshave shown the world that businesses of any size can do business without any gobetween and enabled the traders to minimize the cost and time involved ininternational trading. Initially B2Bs' image was tarnished by quick bucksolution providers who attracted gullible traders by promising the moon. Thoseportals either vanished or became namesake entities. But the B2B majors aregetting stronger and indispensable factor in exim business. The day is not faraway the B2B space in e-commerce to be ruled by few players. In such a scenarioit will certainly help every trader regardless of size to utilize the servicesof all the available portals.
B2Bs,Redefine,International,Tr