Ecommerce Information |
|
Grow Your Business Using B2B Emarketplace - Part I
If you are a small to medium size company and selling or planning to sell products and services over the Net and still did not try out emarketplaces, you are simply loosing a great opportunity! Research firm eMarketer predicts that worldwide B2B ecommerce revenues will surpass US$ 1.4 trillion by the end of 2003. In the United States alone revenues will total US$ 721 billion. By 2004, the US B2B ecommerce revenues are expected to reach US$ 1.01 trillion and studies show that a significant portion of these transactions will be conducted through emarketplaces. What is an Emarketplace? In a broader sense, business to business emarketplace is an online platform where buyers and sellers come to communicate, collaborate and make business transactions. Emarketplace caters a large number of participant companies as a community. The main objective of an emarketplace is to create a venue, filled with features that allow members to efficiently conduct significant portion of business processes on the Net. Emarketplaces are also known as B2B exchanges. Types of Emarketplaces There are varieties of emarketplaces available on the Internet to suit your company's specific need. Public: Private: Horizontal: Vertical: Can your company benefit from an Emarketplace? Whether you are primarily a buyer or a supplier, participation in emarketplace can generate enormous benefits to your company - both in cost savings and productivity increase. Benefits that you can have as a buyer Automate the purchasing procedure Comparison shopping at its best Reduce sourcing time cycle Community participation Real time access to current product information Control rogue spending Benefit that you can have as a seller New sales channel Low customer acquisition cost Improve customer service Efficient information sharing method Reduce supply chain cost You may ask, if participation in an emarketplace is so beneficial, why companies are not flocking to emarketplaces. The slower adoption can be blamed on various inadvertent factors:
What to look in an Emarketplace? As an online venue, where participants expect to conduct substantial part of their business processes, emarketplace has a large range of useful features:
Apart from these, some emarketplaces boast other interesting features like auction and reverse auction, new product listing notification, business forum, XML interface, Internal messaging system. Naturally, implementation of these features may vary significantly emarketplace to emarketplace. Where to look for Emarketplace? The best place to find an extensive list of emarketplaces is the B2B directory site: http://www.bocat.com. The open directory project DMOZ has a good list of emarketplaces. However, not all listings in both of these places are, in reality, emarketplaces. Some of them are simple trade boards. This list is located at http://dmoz.org/Business/E-Commerce/Marketplaces/ Yahoo! directory is not organized well enough to locate emarketplaces. They are scattered under the subcategories: Vertical marketplace builders, Trade directories and even Trade. Forbes magazine has a quality list of many B2B companies including some emarketplaces. You will find the list at: http://www.forbes.com/bow/b2b/main.jhtml To be continued in next issue: Selecting the right Emarketplace. Nowshade Kabir is the founder, primary developer and present CEO of Rusbiz.com. A Ph. D. in Information Technology, he has wide experience in Business Consulting, International Trade and Web Marketing. Rusbiz is a Global B2B Emarketplace with solutions to start and run online business.You can contact him at mailto:nowshade[at]rusbiz.com, http://ezine.rusbiz.com, http://www.rusbiz.com
MORE RESOURCES: How an ecommerce site increased commercial monthly organic traffic from 37K to 210K Search Engine Land Shopify Acquires Peel Insights to Boost E-Commerce Analytics Business Insider What do Europeans, Americans and Australians have in common? Scammed $50M by fake e-stores The Register Shopify Stock: Shopify Earnings Top Views. E-Commerce Giant Plunges On Outlook Investor's Business Daily ARTO Owner on Generational Businesses Practical Ecommerce Holy Ecommerce! WB Invites Shoppers into the Luxurious World of Bruce Wayne with New 'Retail Storytelling' Experience Retail TouchPoints Ecommerce earnings recap: What you missed from Aritzia, Peloton and more Digital Commerce 360 How to Start an E-Commerce Business in 2024 WebProNews Speakeasy Co. Unveils 2023 eCommerce Year In Review: Key Insights on Consumer Behavior and BevAlc Trends PR Newswire Google Shopping May Show How Many Shoppers Purchased On Your E-Commerce Site Search Engine Roundtable Adobe: E-commerce Spend Grows to $331.6B, as Consumers Trade Down to Cheaper Goods Online MESA Website News / Airlines face Q4 capacity 'balancing act' as they weigh up ecommerce potential theloadstar.com From Home Delivery & Store Pickups to AI Integration: The Key to Embracing Ecommerce for Grocery Retailers MarketScale New Ecommerce Tools: May 7, 2024 Practical Ecommerce Retail ecommerce spending grows in first third of year, Adobe data shows Digital Commerce 360 How a TikTok ban could impact ecommerce retailers Digital Commerce 360 Google Revs Ecommerce SERPs Practical Ecommerce Essendant’s new interim CEO looks to fast-track B2B ecommerce Digital Commerce 360 Ahold Delhaize ecommerce switch helps Q1 sales in the U.S. Supermarket News Kazakhstan’s E-Commerce Surges by 79% in 2023 Astana Times Market Map: Ecommerce plots a comeback with 'prepurchase' startups PitchBook News & Analysis Global Access Celebrates 22 Years of Empowering Cross-Border Ecommerce with Revolutionary Technology The Herald Journal Builders FirstSource eyes $1 billion in digital sales by 2026 Digital Commerce 360 Adobe: 2024 e-commerce spend exceeds $330 billion so far Chain Store Age Amazon introduces new shoppable ad formats Digital Commerce 360 Data, online delivery and the search for continual e-commerce improvement ComputerWeekly.com Latam E-Commerce Giant Mercado Libre Holds $40 Million in Crypto – News Bytes Bitcoin News Bitcoin.com News Shopify revenue and GMV grow more than 20% in Q1 Digital Commerce 360 BigCommerce names a former Accenture executive as president Digital Commerce 360 Contentsquare CMO Reveals Why Brands’ Best Acquisition Strategy is a Retention Strategy Retail TouchPoints Goodwill opens Wellsboro ecommerce online location | Local | tiogapublishing.com The Wellsboro Gazette US ecommerce sales penetration hits new high in 2023 Digital Commerce 360 B2B buyers want (and use) multiple digital sales channels Digital Commerce 360 New retailers partner with DoorDash, Instacart for last-mile delivery Digital Commerce 360 Best ecommerce tool of 2024 TechRadar ACV Auctions posts a strong Q1 Digital Commerce 360 E-Commerce Bolsters Brick-and-Mortar Business Floor Focus What Fashion's E-Commerce and Tech Professionals Need to Know Today The Business of Fashion TikTok to expand e-commerce business into Mexico, major Western European markets South China Morning Post Payment cards lead e-commerce payments in South Korea Electronic Payments International Platforms see scorching summer sending ecommerce sales soaring The Economic Times E-commerce spend grows to $331.6 billion, as consumers trade down to cheaper goods online: Adobe Storyboard18 Expat Google engineering exec Claire Southey heads home to join ecommerce marketer Rokt Startup Daily Liquidity Services posts mixed Q1 results for its B2B surplus assets marketplace Digital Commerce 360 Specialty Food News Specialty Food Association E-Commerce Study Shows Online Buying Grows but Consumers Still Face Delivery Problems Supply and Demand Chain Executive Descartes’ Annual Ecommerce Analysis Throws Light On Growth Of Online Buying Travel And Tour World Costco ecommerce sales grow 3x faster than total sales in Q2 Digital Commerce 360 Legal Business Partner - Ecommerce Law.asia MerchantPro brings eCommerce leaders to the 2nd edition of dotCommerce Digital Forum on June 11th Romania-Insider.com Alibaba’s flagship shopping site starts biggest revamp in 7 years South China Morning Post The top 10 ecommerce sites in the US eMarketer Exploring Temu's Fast Delivery Revolution in E-Commerce Retail Merchandiser Worldwide Retail Ecommerce Forecast 2024 eMarketer I quit my blue-collar job, made $1M on 2 ecommerce businesses Business Insider Ecommerce earnings recap: What you missed from Columbia, Harley-Davidson and more Digital Commerce 360 Ecommerce World Review - InternetRetailing InternetRetailing With 14 million ecommerce sites, the US is atop the online world Digital Commerce 360 Navigating the complicated bedroom category with e-commerce supplier Walker Edison - Furniture Today Has the Luxury E-Commerce Bubble Burst? The New York Times Walmart eCommerce Raises the Bar and Celebrates 2023 Walmart Corporate |
RELATED ARTICLES
The Internet and Customer Care: Aid or Anarchy? It was reported in 'Marketing' magazine this month, that Britain is becoming a "disaffected nation", with each adult apparently making an average of 12 complaints to service providers each year, based on a "Service in Britain" survey by ASR (Andrew Smith Research). In response to the rise of the 'assertive consumer', brands are endeavouring to make sure 'good customer service' is a recognisable characteristic in the form of testimonials, efficient call centre responses and empowering staff throughout the company to resolve problems. Distinguishing Features of E-Commerce E-commerce offers customers the chance to eliminate many stages in the sales/distribution chain. The mark-ups that occur between manufacturers, wholesalers, distributors, retailers and consumers can add the cost of goods purchased by consumers. How To Sell Websites Fast ! This article will explain in depth the steps needed to sell your website fast in today's marketplace.Step 1 Establish a Reasonable Price for Your SiteHow Much Can I Get?Before you sell, it's a good idea to know how much the domain is worth. Cyber Banking The use of electronic cash as a means of transacting internet business may prove to be an acceptable alternative to credit card payments. It is reported that the withdrawal of major players from the attempt to develop e-cash is a significant setback. E-Commerce Is Back On The Fast Track How much holiday shopping did you do on-line this year? If you are reading this, then chances are good that you made at least one purchase on-line. Over 54% of all Americans did it [1]. Start doing online business using B2B Portals in Six Steps I registered with a B2B site but what's next?This is a question many first time users of B2B marketplaces ask themselves. A few expect that the registration itself will bring them a number of new customers. Accepting Credit Card Payments Online Being able to accept credit cards and other online payments is crucial to the success of your business and profits. Your customers are more likely to buy from you if you offer them a secure and convenient way to order goods and services online at your site. Expand Your Local Business Through the Internet To obtain more local customers for your business, consider expanding your local business through the Internet. Here are some ways of doing so. 10 Compelling Benefits of Having A 3rd Party Merchant Account If you have been wrestling with the idea of applying for your own 3rd party merchant account then take a look at the following compelling benefits of using a 3rd party provider to mange all of your credit card processing needs.1. Online Consumers - What Are They Complaining About? For many businesses, e-commerce represents a tremendous method for generating revenues. To maximize the profit potential, you need to keep an eye on issues that drive your prospects nuts. How To Accept Credit Cards Online Anyone with an online business, whether for auctions,services, or virtually any type of product, has asked thesame question at some time during their quest to createthe ultimate online business - "How do I accept creditcards?"Since over 90% of all transactions on the Internetinvolve customers paying by credit card, acceptingplastic money rates a must for almost any business.The problem for most small online business ownersinvolves the high cost of setting up and maintaining acredit card merchant account. E-Gold E-gold is a digital currency, used extensively on the Internet for making payments in exchange for goods and services.It is one of the first digital e-currency providers, having started in 1996. Bringing the World to Your Door According to Internet.com, by the year 2008 nearly 30% of offline purchases will be influenced by online research. Electronic Commerce and WTO The Internet may not be useful for all businesses, nor do all have to develop an Internet information strategy. Some businesses are concerned with the start-up costs of connecting such as purchasing hardware and software, subscribing to an Internet connection or service provider, and training staff. Get Out of The Way Get out of the way and make it easy for your visitors to find what they want.Recently I completed a report for a site that was the most 'peaceful' and among the most 'useful' I had seen in a long time. Shopping from Your Cell Phone with Froogle Wireless Many surfers already know about Froogle, Google's shopping portal that is still in beta testing. Google has now expanded their Froogle service so that it is available on WML-enabled cellular phones. Electronic Commerce Tax Jurisdiction and Principles of Permanent Establishment The principle of "permanent establishment" is very important for avoidance the conflict of law of matter connected imposition of taxation. In the absence of a permanent establishment, a country where goods or services are sold has no jurisdiction to tax the resulting profits. The Art of Being Human This isn't the first time I have written about the benefits of inserting a human voice or presence into your online communications. And I make no excuse for writing about this again. Shopping Cart Abandonment - Discover 5 Things you can do to Lower Cart Abandonment A common frustration among merchants who sell online via a shopping cart is the percentage of people who abandon their cart and leave the site never to return. This is known as the shopping cart abandonment rate. Starting An E-Commerce Business The development and expansion of the Internet has made business opportunities, once only available to the wealthy, available to nearly everyone. In the past, opening a business was a huge commitment in terms of finances and risk. |
home | site map |
© 2006 |