What is B2B?
B2B stands for Business to Business. B2B e-commerce is the most cost effective way for sellers to reach buyers around the globe.
A Business to Business (B2B) marketplace is an Internet marketplace where exporters, importers, traders, traders, brokers, manufacturers, wholesalers, retailers, and other business communities from around the world meet for buying and selling. From meeting the customer to fixing the deals along with the payment is held online with no physical interaction. This is the biggest advantage of a B2B marketplace. So a B2B marketplace is a place where B2B trade is carried on. Visit our Home page to have a look at such a marketplace.
B2B trade includes posting an offer (trade offer) by company to find buyers for their products. This trade offer includes the details of products that a company is offering and is posted. Then an interested buyer replies to this offer and the online B2B trade is completed with payment from the buyer and delivery of the product from the selling company. International suppliers and buyers b2b Market place
This is done in the same way as Trade Offers companies post their products to sell them through an Online Auction. Interested buyers place their bids for the product. When the bidding time closes, the buyer with highest bid gets the deal and the Online B2B Auction is completed with the payment from the buyer and the delivery of the product from the company.