Most Important B2B Marketplaces
B2B marketplaces and trade portals are gaining in popularity thanks to the surge in global trading and internet user by businesses. In this article, you will learn about the features of these websites and how it can help you expand to new markets.
B2B signifies any “Business to Business” transaction or communication between companies.
B2B marketplace cater to businesses that want to expand their distribution channels to new markets, connecting importers, exporters and countries. This is done by allowing users to post buying and selling offers to the entire internet community. The search engine is the core of any B2B marketplace as it allows potential business partners to find themselves.
Alibaba.com is by far the leader in this region. China has become the factory to the world and Alibaba.com has surely embraced it and profited from it. They were one of the first B2B marketplaces to come online thanks to the vision of its founder Jack Ma. It started with a focus on the Chinese market but soon expanded to a more global approach allowing it to become the largest online marketplace in the world. It has since pursued several large acquisitions to further its dominance in this industry.
A newer B2B marketplace that has come to the market is Tradekey.com. They have managed to have a strong hold on the market thanks to good customer service and overall good website design. Definitely a portal to look out for.
Mercatrade.com is another newcomer to the B2B marketplace scene. They have adapted a strategy that focuses on doing business in Latin America and the Caribbean, a region that represents over 40 countries and a population of 615 million people. This area has been attracting a lot of investment despite the global crisis and it in good shape overall to sustain good growth rates.
You can clearly see that B2B marketplaces are necessary tools for importers and exporters looking to increase their global sales.
Global Trade consultant Joshua Adekane specializes in helping companies on how to successfully start, build and grow their business in Latin America and the Caribbean. To read his strategies, tools and resources, click here Latin American Business . For more information about this dynamic market, click here Bisuteria al por mayor
