If you are a distributor, manufacturer or retailer, you are constantly looking for ways to grow your business. There are many ways that you can employ but if you want to maximise the Internet and your business partners, you should think about webjaguar.com that specialises in B2B eCommerce (Business to Business Electronic Commerce).
To understand the concept better, it is useful to break it down into two components – B2B and eCommerce. B2B refers to a type of a transaction that exists between businesses like manufacturer and wholesaler or wholesaler and retailer. eCommerce, on the other hand, refers to the online transaction. When you look closely, B2B eCommerce is a broad concept.
B2B eCommerce can make a difference in your online sales. It is important that you understand how exactly it can benefit you. Here’s how:
It provides more business opportunities
If you have a web store or online sales portal, you strengthen your online presence. This means that you are allowing potential clients even resellers to find you easier with the help of search engines. This is effective if you want to make your catalog pages public. If you choose to make your catalog pages private, you can utilise targeted marketing in your web store to seize the attention of new clients.
It can reach more clients
Having an online sales portal will allow you to expand your reach – possibly international market. Traditionally, you are relying on the availability of sales team to make a sale. In the case of online sales portal, your sales channel is available 24/7, 365 days a year. Through this, you are eliminating the challenges of the time difference in terms of order processing.
It boosts sales
If you have a B2B eCommerce platform, there is no doubt that you are boosting your sales thereby improving your business performance. With the right platform, you will be able to display important and specific product recommendations and information for the visitors. It will let you feature products with more features releasing upselling opportunities.
It reduces operational costs
In the past, it seems impossible to grow the business while minimising operational costs. With the coming of B2B eCommerce, you can minimise the operational costs by automating order entry, client information, and customer service. By automating things, you encourage the efficiency of business processes.
It allows you to post good reviews
B2B eCommerce platforms allow you to post reviews that can have an incredible effect on your business. You have to keep in mind that a great online buying experience will keep your past and previous clients coming back. Undoubtedly, it will increase your sales. Remember that clients will trust a manufacturer, wholesaler or retailer more by reading good reviews from other buyers.
It gives unique insights
Online sales portal helps by automating many processes, which will give you insights at the end of the day. You can easily get data that matters to your business. This is possible if you integrate an ERP (Enterprise Resource Planning) system. The system will help you calculate sales statistics like order totals, profit percentages, and revenue.
Now that you know the benefits of B2B eCommerce, you should consider it as a part of your business model. Growing your business is hard but with the help of B2B eCommerce, things will be easier and more convenient.