World globalization and the increase of internet use for doing business have removed trading barriers. This has facilitated the whole buying and selling process on an international level.
What does B2B signify?
B2B is the acronym used for Business to Business transactions. This is usually between manufacturers, wholesalers and retailers. Please note that this is applied to both products and business services.
Definition of a B2B marketplace
It is a business to business trade portal that allows manufacturers, wholesalers and distributors to promote their products and services to new international markets. Very useful resources, guides and tips are sometimes available as well.
These online portals, which are basically websites, allow businesses to advertise and promote their products and services by posting selling leads or offers. To simplify, a B2B marketplace encourages and facilitates the communication between buyers and sellers favoring a dynamic international trade.
Different types of B2B marketplaces
You have two types of portals: Global websites that target world trade and regional oriented websites which target geographical regions or countries.
Global B2Bmarketplaces
The Asians are clearly the leader in this area with websites such as Alibaba.com and Tradekey.com. They started by targeting Chinese companies and have expanded to worldwide trade. They are important players as China is growing their importance on the international scene by becoming a world superpower. No matter where you live, you will always find an abundant supply of Chinese products.
South American and Caribbean B2B marketplaces
Marketplaces are starting to play an important in developing regions as the internet connection is increasing at a rapid pace and companies are relying more on marketplaces to promote themselves. The leader in this region is a fairly new site that launched back in 2009 called www.mercatrade.com. They have targeted a region that represents 42 countries and a population of 600 million. What is great about this site is that you see features that are not necessarily seen in other marketplaces such as being able to search green, organic and fair trade products. You also have a dedicated search engine for tax free zones which are important trading platforms in the region.
What does B2B signify?
B2B is the acronym used for Business to Business transactions. This is usually between manufacturers, wholesalers and retailers. Please note that this is applied to both products and business services.
Definition of a B2B marketplace
It is a business to business trade portal that allows manufacturers, wholesalers and distributors to promote their products and services to new international markets. Very useful resources, guides and tips are sometimes available as well.
These online portals, which are basically websites, allow businesses to advertise and promote their products and services by posting selling leads or offers. To simplify, a B2B marketplace encourages and facilitates the communication between buyers and sellers favoring a dynamic international trade.
Different types of B2B marketplaces
You have two types of portals: Global websites that target world trade and regional oriented websites which target geographical regions or countries.
Global B2Bmarketplaces
The Asians are clearly the leader in this area with websites such as Alibaba.com and Tradekey.com. They started by targeting Chinese companies and have expanded to worldwide trade. They are important players as China is growing their importance on the international scene by becoming a world superpower. No matter where you live, you will always find an abundant supply of Chinese products.
South American and Caribbean B2B marketplaces
Marketplaces are starting to play an important in developing regions as the internet connection is increasing at a rapid pace and companies are relying more on marketplaces to promote themselves. The leader in this region is a fairly new site that launched back in 2009 called www.mercatrade.com. They have targeted a region that represents 42 countries and a population of 600 million. What is great about this site is that you see features that are not necessarily seen in other marketplaces such as being able to search green, organic and fair trade products. You also have a dedicated search engine for tax free zones which are important trading platforms in the region.
About the Author:
David Bess specializes in assisting companies to successfully import and export with Latin America. To browse to his valuable resources, tips and links, click here por mayor
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