B2B Portals – Constantly Evolving

1. B2B Portals Constantly Evolving

2. A B2B or Business to Business portal is an online platform for buyers and sellers to interact and conduct business in real time. •In this kind of interaction, two businesses communicate together without involving the final consumer. •To make matters clear, when a car manufacturer buys sheet metal for the car body from a steel manufacturer, it is called a B2B transaction. •On the other hand, when a completed car is sold to a consumer, it is called B2C or Business to Consumer transaction. B2B Online Platform

3. A B2B or Business to Business portal is an online platform for buyers and sellers to interact and conduct business in real time. •In this kind of interaction, two businesses communicate together without involving the final consumer. •To make matters clear, when a car manufacturer buys sheet metal for the car body from a steel manufacturer, it is called a B2B transaction. •On the other hand, when a completed car is sold to a consumer, it is called B2C or Business to Consumer transaction.

4. Although e-retailing or retailing on the internet has a lot of focus, forecasts by experts predict that B2B revenue will far exceed B2C revenue. Typically, business to business websites can be divided into the following categories: Company websites • For any business website, its target audience is other businesses. These sites can be considered as 24/7/365 Promotionalsor advertisers. • Often, a company website serves as an access point only to registered users. • This means it works as an extranet or a private technology that uses internet and communication systems to securely share business information with suppliers, vendors and trade partners.

5. Procurement exchanges • These are exchanges in which a business agent can purchase supplies from sellers, request quotations and make bids to purchase products at a particular price. • These links are also called e-procurement sites where business to business requisitioning and procuring of goods and services can be done. • These sites can serve an assortment of industries or focus on a niche market.

6. Vertical industry portals Vertical industry or market is a specific industry or an assortment of businesses where similar products/services are developed and marketed. • Examples include steel, banking, telecommunications, transportation and heavy machinery. • These websites provide inclusive information, product listing, discussion forums and other platforms.

7. Infomediary Infomediary is a website that provides exclusive information on behalf of producers of goods and services. • In fact, it is a blend of information and intermediary. • With the arrival of the internet it is now possible to get round-the-clock access to information data bases that previously were not possible. • By assembling information and adding services, companies can add muscle to its marketing strategies.

8. There is no any doubt that a B2B portal like Esourcesprovides a commercial edge. • For registered trade buyers, the portal offers free access to all premium suppliers, access to latest wholesale offers, provision to view wholesale prices and place orders, and list requests for whole sale stock • Registered UK Wholesale suppliers can post their company profile, display contact details, list unlimited wholesale products, and more. • Registered international suppliers can get priority listing in international directory, submit up to 5 wholesale profiles, display complete contact details, and receive notifications on new buy leads, and more.

9. According to esources.co.uk review, this portal has made wholesale sourcing remarkably easy. Thank You