B2B is the term used for Business to Business transactions between manufacturers
, wholesalers and retailers. This term is used for both products and services. A B2B Marketplace is an online website that is a tool used by millions of companies to promote their business and find buyers and sellers.
Search Engine
This feature is the pillar of these portals as it allows importers and exporters to find possible business partners. This tool is very valuable as this can save users a lot of time by allowing them to search at any time of the day at any desired location as long as an internet connection is available. This also allows them to plan their trip ahead of time.
Virtual Office
This is another important feature where users can have a "virtual office" within the portal which allows them to send and receive emails from other users in order to facilitate business communication and transactions.
Buyer friendly virtual showrooms
This feature will often be a premium paid membership. How much you pay will depend on the popularity of the website. This feature allows you to have you own company storefront where you can display and advertise your products and services on the marketplace itself. This is also very useful for smaller companies that cannot afford to develop their own website.
Credit reports
This service is always available. It allows companies to verify the legal and financial past of a potential business partner and take the appropriate decision in order to avoid any risk and financial loss.
As you can see, a B2B marketplace can be very useful for any company looking to increase their global sales and expand to new markets.