How To Build An Online B2B Marketplace.pdf
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The ecommerce disruption has overridden the traditional way in which B2B buyers and sellers interacted. The win-win business model of Multi Vendor Marketplace has made its way into the B2B sphere and is yielding exceptional results. But before you decide to launch your own online B2B marketplace, it’s important to have a comprehensive understanding of the model and how exactly it works. StoreHippo brings you a step-by-step guide on how to build your own successful online B2B Marketplace.
How To Build An Online B2B Marketplace.pdf
- 1. How To Build An Online B2B Marketplace
- 2. What is an Online B2B Marketplace? An online B2B marketplace is a marketplace website that: Enables vendors, sellers, distributors, resellers, affiliates etc. to sell goods and services digitally to other businesses The B2B marketplace offers its sellers complete IT solutions Sellers also get paid marketing options for product placements B2B marketplace also offers logistics support, customer support etc.
- 3. How does an online B2B Marketplace function? B2B marketplace website and apps are built for the brand Sellers, distributors, dealers are on boarded on the online B2B marketplace Different levels of sellers, their distributors etc. are assigned different user roles A separate dashboard is given to each vendor to manage their inventory, orders shipping etc. Clients search for products on the B2B marketplace and raise a RFQ RFQ is sent to different vendors who submit their quotes, MOQ etc.
- 4. How does an online B2B Marketplace function? (Cont..) The clients compare the quotes and negotiate further if needed After final price is decided buyers place the order The seller receives order notification and prepares the order for dispatch Sellers use B2B marketplace shipping services or their own fleet of delivery boys Order is delivered in bulk to the client's address
- 5. What are the top reasons for building an Online B2B marketplace? Freedom to explore new markets in diverse geolocations Onboard new sellers & distributors easily Automate & centralize product & sales management for better business overview Gain better brand visibility by selling on multiple digital channels Manage dealer/seller networks efficiently with central visibility Quicker order cycles and faster fulfillment due to automation Cost-efficient as saves costs on CapEx, staffing etc. Sell more by creating personalised omnichannel buying journeys
- 6. How does an online B2B Marketplace function? Customizable theme design to build personalized landing pages Future-ready technology that gives flexibility and agility to stay ahead of market conditions Inherent elastic scalability to accommodate rapid changes Extensive and comprehensive vendor management solutions Ease of B2B marketplace website customizations at the backend and frontend
- 7. How does an Online B2B Marketplace function? (Cont..) Feature to assign different levels of user access and user roles Inbuilt B2B features like RFQ, multi pricing, restricted login, customizable forms, MOQ etc. A variety of apps like, B2B marketplace app for the customers, admin app (sellers+admin), delivery boy apps etc. PWA stores to reach sellers and buyers even in areas with poor internet connectivity
- 8. How does an Online B2B Marketplace function? (Cont..) Quick and seamless integrations with the chosen third party software and service providers Support for different payment methods to accept and remit payments Multi-level security features to build secure online B2B marketplace Automated and integrated logistics solutions to streamline bulk order fulfillment
- 9. Start your 14-days FREE Trial OR Book a Demo Offering 360-degree ecommerce solutions for B2B, D2C and B2C businesses Email: reachus@hippoinnovations.com www.storehippo.com