Probably everyone who is at least a little interested in commerce has already noticed that there have been big changes in consumer patterns, and a huge number of transactions have moved to the Internet.
Goods and services are available online, which saves us a lot of time and energy. The answer to the needs of merchants is the development of B2B sales channels in the online space. Let’s see how it works.
Let’s Wholesale! B2B Marketplace In The Online World
There is no doubt that the online B2B market is currently growing strongly. Analysts predict its continued development. In the US alone, B2B eCommerce transactions are predicted to reach as much as $1.8 trillion by 2023.
It is expected to increase by 18.7% by 2028! So it’s worth figuring out how it works to reap the benefits of buying and selling online. Let’s take a look at the topic and start with the basics.
What Is A B2B Wholesale Marketplace?
Well, it’s easy. It all starts with manufacturers who sell their products to wholesalers. Then they are distributed to retailers. Transactions are conducted directly between businesses, and everything is done in the online space, through platforms such as Merkandi.
Thanks to rapid technological advances, wholesalers have the ability to instantly connect with manufacturers and buyers from around the world, which greatly increases the availability of goods and services.
The B2B wholesale marketplace is a way to easily purchase large quantities of products in a short period of time and comes with many benefits for both buyers and sellers.
It’s a place on the web that connects them. Nowadays, this is the basis of most trade. To streamline transactions and find new customers for the products offered, the Internet is increasingly being used.
Wholesale Marketplace Online – What Can You Gain?
The B2B wholesale model presents numerous opportunities and benefits. No wonder it attracts many market-leading companies from around the world.
First of all, the existence of B2B trading platforms on the Internet makes it easier to trade between wholesalers and distributors. You can save a lot by taking advantage of numerous bargains and discounted prices.
Another advantage is the security of the transactions. Wholesale marketplace online is a safe space for trade and a place where you can find trustworthy partners. Easy-to-use trading platforms are a guarantee of better access to suppliers of goods, regardless of geographical distance.
By becoming their user you can accelerate the development of your business. You can browse offers, contact suppliers directly and negotiate deal terms. B2B trading platforms will also help you increase your brand’s visibility online.
B2B Wholesale Marketplace – Excellent Development Opportunity
Did you know that marketplaces now account for as much as 50% of global online sales, and only 6% of B2B buyers don’t use them? This is the easiest and most convenient way to connect suppliers with buyers. Thanks to the B2B eCommerce platform the sales process is much simpler.
So, do you already know how it works? Let’s take Merkandi as an example. Through this platform you can buy diverse products in bulk. These are items from various product categories.
You will need an account on Merkandi to be able to contact the selected supplier. The goods obtained as a result of a successful transaction can be resold in small quantities to individual buyers or used in the internal operations of your company. Simple, right?
B2B wholesale marketplace has redefined the business relationship between buyers and sellers. It’s a growth opportunity for many wholesalers who until now have relied on traditional sales methods. The online marketplace can help them gain a competitive edge.
Online B2B Marketplaces – New Possibilities
Expanding B2B networks, new business relationships and increased sales are just some of the benefits of trading in the online wholesale market space. There are many more.
This is an excellent opportunity for growth especially for those companies with limited marketing budgets. Those who have not operated in the B2B wholesale market so far, it is about time to change that.
Using digital tools and advanced technology can have a positive impact on your company, enhance its image and contribute to its success.
Process automation is the key to streamlining an organization’s operations and increasing their scale. To say that B2B trading platforms such as Merkandi represent the future of wholesale business would certainly not be an exaggeration. Joining their user base can give your business a boost.
Wondering how many people use Shopify in 2022? Shopify is a great B2C marketplace, you can read our article to find out more about it.