Tech mistake |Although the trend of a Business to Business portal is not new but the evolution of technology has indeed changed the way they function. Additional digital trading features and branding has taken the place of traditional outreach methods to get in touch with targeted buyers or sellers.Here are some of the best and fastest growing global B2B platforms that are helping thousands of businesses in the world to grow and reach their international and local clients.
The evolution of digital technology has changed the horizons of business and finance sector all over the world. The consumer no longer buys the same way, and the companies no longer sell the same. There is more competition, more supply and demand changes from day to day. The new demands of the market have given rise to new technologies and online business. Wherever there is a customer who wants to buy, there will be a company that offers to sell. But in the case of the Business to Business industry there is another type of relationship that is without end-customers or consumers, but between two business entities.
Although the trend of a Business to Business portal is not new but the evolution of technology has indeed changed the way they function. Additional digital trading features and branding has taken the place of traditional outreach methods to get in touch with targeted buyers or sellers. Traders can safely export and import goods without hassles of paying expensive visits to other countries. The escrow trading feature from Alibaba is one of the luxuries of digital trading, business enterprises no more have to bear the risk of paying big amounts to import or export good with features like it.
Some other benefits that business-to-business contributes to the companies involved are:
- Speed and security of communications.
- Direct integration of the data of the transaction in the computer systems of the company.
- The possibility of receiving more offers or demands, expanding the competition.
- Depersonalization of the purchase with which avoid possible deals of favor.
- Minimum Hassles: fewer commercial visits, faster negotiation process, etc. Therefore, buyers may ask for a price reduction or sellers can increase their margins with a single click.
I have compiled a list of some of the fines B2B portal that can help you bolster your business all around the world. I have highlighted the ups and downs of every B2B platform to help you choose the right one for your business. Here are some of the best and fastest growing top global B2B platforms that are helping thousands of businesses in the world to grow and reach their international and local clients.
Alibaba Group is a Chinese private consortium based in Hangzhou dedicated to e-commerce on the Internet, including business-to-business, retail, and consumer sales portals. It also offers online payment services, a price comparison search engine, and cloud data storage services. In 2012, two Alibaba portals together handled 1.1 trillion yuan (170 000 million dollars) sales, which is more than its competitors both eBay and Amazon.com combined.
The company operates mainly in the People’s Republic of China, and in March 2013 the Economist magazine estimated that the consortium could be valued at between $ 55 billion and $ 120 billion. During 2013, it achieved revenues of approximately US $ 7.5 billion and had approximately 22,000 employees in March 2014.
Alibaba is currently listed in Hong Kong Stock Exchange, it is easily one of the oldest and biggest online B2B platform in the world serving more than 35 million users. It has ten associated companies, according to the corporate summary available on its website which are Alibaba International, Alibaba China, Taobao, Tmall, Juhuasuan, AliExpress, Alimama, Aliyun, Alipay, China Smart Logistics.
Alibaba has shares in all types of things, but the company operates mainly through three sites: Taobao, China’s largest shopping site; Tmall: Resembles Taobao, but the products on offer are of the highest quality; and Alibaba.com, which connects Chinese exporters with companies in other parts of the world.
DHgate is a B2B platform that allows importers from the world to buy small volumes of Chinese goods at wholesale price. Here you can find electronic gadgets, clothing, decorative items, sports accessories, etc. DHGate markets more than 30 Million products in 227 countries worldwide. It has more than 5 million customers worldwide and is currently among the 2100 most visited pages on the internet.
DHgate has been accused to be a scam site in the past, but later all the accusations were dissipated by the growing fame of the portal. Just like Ebay and Amazon, It is also a global vendor market. The portal is used by at least one million small Chinese vendors. DHgate.com keeps a close watch on providers and does not take scams lightly. However, it is impossible to guarantee that each provider is legal.
Some suppliers at DHgate offer products with CE, RoHS and FCC certificates. The easiest way to avoid uncertified products is to enter the product name along with the certification standard in the search field. Individual products in the United States and the European Union require compliance with certain standards such as FCC, CE, and EN71. Very few products on DHgate.com meet European and American product standards. While there are many quality products to buy at DHgate.com, we recommend American and European buyers avoid certain products such as toys, electronics, baby products, vehicles, cosmetics, and chemicals.
3. Global Sources
Global sources is one of the first B2B platform that was listed in NASDAQ under the name GSOL. The B2B platform is famous for its quality suppliers from different industries. Many Chinese manufacturers choose to pay a significant amount of money to become a verified supplier on this portal.
Established in Singapore in 2000, Global Sources facilitates international trade, focusing mainly on bringing the traders around the world closer to each other.
Like Alibaba, Globalsources.com is a directory of manufacturers and suppliers, mostly Chinese, to facilitate B2B e-commerce. This platform is associated to the International Trade Fairs that are developed in Hong Kong and where the most renowned manufacturers, suppliers and distributors from mainland China, Taiwan, and Hong Kong participate. According to Wikipedia, 95 out of the 100 most recognized retail chains in the world use this platform to connect with suppliers and manufacturers.
There is a greater selectivity of suppliers and manufacturers given in the origin, development, and actuality of the platform. Being associated with the Hong Kong Trade Fairs most of its members are registered companies on the island with extensive experience in trading with the West. This allows the concepts of durability, functionality, design, customer service, as well as the rules and principles of international trade to be a premise of these companies. In other words, the offers have a greater guarantee in many ways.
eWorldTrade is a new online B2B site that has been growing fast and is creating a new and improved way for the buyers and sellers to reach each other. eWorldTrade is a subsidiary of Reckon Media LLC from United States, experienced in digital media and technological service providing.
Headquarters of this B2B site is located in the Dallas, Texas and it is running all its major operations from Karachi, Pakistan. It has now become a part of CPEC to make better trade relations between Pakistan and China. The main aim that this site is to help the Chinese suppliers, dealers and manufacturers reach their potential audience.
This online global B2B platform is said to be one of the fastest growing online marketplaces where thousands of sellers, dealers, suppliers, manufacturers, and vendors are registering every day and meeting their potential clients from around the world.
Thousands of manufacturers from different cities and countries are registering themselves on the website every day, and it can be seen that this platform will be great competitors to all other B2B platforms. eWorldTrade.com offers everyone a chance to become a reseller of different products and services. It has proved to be beneficial for small businesses and manufacturers in China who are willing to globalize their businesses.
5. EC Plaza
Another Korean e-commerce website in Korea, ecplaza is launched in four languages: English, Chinese, Japanese and Korean. One of the fastest growing B2B Website in South Korea. ECplaza.net started as a B2B trading portal site in 1996, EC Plaza has grown to number 1 online Trade platform offering online and offline service to over 400,000 members. This online b2b platform doesn’t only operate B2B website, trade consulting, EDI service, etc. it also offers the SMEs offline trade-related services, based on export marketing.
With a worldwide network and high brand recognition, we are extending our business field to the global market by providing significant value such as more business opportunities, cost saving, and convenience.
Over 4 million offers are posted on our website, which is the largest scale in the world. Besides, our B2B site is on the top level of the list of some of the leading ranking platforms such as Rankey, Alexa, 100 HOT, etc.
The premiere wholesale B2B marketplace, ECPlaza provides information on wholesalers, importers, exporters, manufacturers, suppliers, and buyers of various products around the world. Suppliers can promote their products and services. Buyers always find information, services, and products that different manufacturers, sellers or worldwide suppliers’ are offering them, this is one of a leading B2B platform for everyone.
An extensive B2B marketplace for connecting suppliers with buyers. It has a strong focus on Asian countries, especially India, China, Pakistan, Taiwan, Malaysia and Bangladesh.
This site offers three strong services to its visitors. The first is the offer to buy; there are those who are looking for a particular product, can reference this and launch a request to the thousands of suppliers that are on this platform, who is interested will contact and offer its services.
The second is products; there you can find a varied selection of products, distributed by categories of wholesalers, manufacturers, and factories that seek to export their products. The third is companies, where you can find a complete directory of suppliers, manufacturers, and distributors.
It also offers you the option to become a reseller of its manufacturers, exporters, wholesalers and other small and medium companies and thus earn commissions without limitation. From your app to Global Trading is the world’s leading and fastest growing (B2B) online business-to-business portal that connects small and medium importers, exporters and businesses across the globe for international trade. With app no matter where you are you can now search for new suppliers, connect with new buyers on the go.
TradeKey.com has proven to be a reliable online business platform for global commerce, strength which is either wholesale trade or bulk import or exports. TradeKey has bridged the gap between suppliers and buyers, manufacturers and importers from 240 countries globally for years with its unique and powerful commercial matching engine and efficient promotion tools.
This platform is home to more than 120,000 high-quality suppliers from Hong Kong, China, and Asia. It helps you identify trusted suppliers by giving you referrals from vendors provided by outside organizations such as Dun & Bradstreet and Intertek.
Small Command Zone Small Command Zone – this platform offers you greater flexibility in your search. You can check thousands of authenticated suppliers and buy quality products in less quantity. You can also compare prices and the minimum order quantity for instant contact and direct contact with suppliers about payments and deliveries. Purchase Alerts Service Purchase Alerts Service – If you cannot identify the right vendor in our Online Marketplace or Small Command Zone, you can post your purchase alert for free. Tens of thousands of our quality suppliers are ready to answer your purchase needs. Business meetings
Business Meetings – We organize thousands of face-to-face business meetings between buyers and pre-selected suppliers during our fairs throughout the year. These meetings held between buyer and supplier, are a proven and highly effective way to start and end business agreements. Buyer Incentive Program – this program rewards you with points for consulting or posting purchase notices on HKTDC.com. With these points, you can redeem some benefits that make your daily search more rewarding.
A leading industry-specific search engine (engineering), GlobalSpec is a great resource for industrial parts, specifications, and related services. A US B2B Engineering website.
GlobalSpec is another catalog that mainly works very well for the North American and Asian B2B market. The high percentage of the electronic sector stands out here. It is a payment catalog that has an advanced statistics system with which the customer can create a list of potential customers since the system itself detects visits and debug.
It is a particular directory and has the advantage that all its users have to be registered before using it. So GlobalSpec.com makes a difference to other more general directories. It also has another significant advantage as it can offer additional information regarding visits.
In the world of Marketing, Business to business is known as a way of working with companies directly (“business to business”), as it encompasses the commercial operations that the firms perform between them and without depending on the final customer. That is, in this type of marketing strategy companies target other companies rather than a consumer.
B2B Market Kinnek is willing to change things. It works to connect the SMEs with suppliers who are offering the products they need and provide them with affordable prices. Based on Kinnek’s growth in recent months, the company raised $ 10 million from Matrix Partners and others to continue expanding its market to new markets and vertical markets.
What makes Kinnek.com work is that it’s a buyer-driven market instead of focusing on the sellers. Instead of having suppliers list all of their products available, SMEs submit what they would like to buy, and then the platform connects with vendors who might be able to assist them.
Kinnek has an algorithm to assist in determining which sellers are most likely to have the goods ordered and alerts them. Suppliers then provide information on what items they have and how much they cost, and buyers choose from among them. It ignited liquidity, but also means customers get good prices.
The company is new to the field but is growing around 30-40 percent month by month. Even so, there is a huge market available for supplies for small and medium-sized businesses, and now it’s just scratching the surface.
Nowadays it focuses mainly on some large verticals such as bakeries, restaurants, food processing hotels, companies, and other businesses that are based on hospitality as well as small manufacturers and suppliers globally. But it wants to expand to other verticals, and become the place where all small businesses find supplies.
Made-in-china was founded in the year 1996; this is one of the world’s most popular and one of the biggest Chinese online B2B Portal. Focus Technology operates it, and the main reason for making Made-In-China.com is to offer easily accessible and improved web-based trading solutions to small and medium enterprises to promote Chinese trade throughout the globe.
It is a Toprank service, you can make your product information randomly ranked in the top 10, because each keyword only sells the top 10; Of course, will be based on your needs, you can provide different levels of senior members of the service, but also help your product information to foreign buyers recommended.
The price is moderate, the effect is good, inquiry mail has a targeted, and Made-In-China inquiry system is one-on-one delivery mode: that foreign buyers see your product information after the inquiry mail will only send to your Mail, will not be forwarded to your peers or competitors.
The article was originally published here.