Executive Summary Overview - The United States Of America: Fill & Download for Free

If a company forgets to invest in digital platforms in this century, it will soon face the problem of falling behind in the competition. Today, people are willing to purchase everything online than any other channels. Therefore, a clever investment in a B2B e-Commerce platform is a wise choice if companies want to acquire millions of dollars in revenue. Moreover, the B2B e-Commerce world is growing exponentially with the market value of $10.6 trillion in 2018. What’s more, according to an eMarketer’s report, 94% of B2B executives in North America said B2B e-Commerce is critical to business advantage and result. So, if you think B2B e-Commerce cannot affect your business, then you are totally mistaken.Also, these days, B2B customers are seeking the same flexibility as what B2C buyers have. In another expression, B2B buyers want a “B2C-like” experience in their purchasing journey, which includes a quicker checkout process, fast delivery, easy and automatic repeat orders and improvement in tracking. To handle all of these requirements, a powerful B2B e-Commerce website is very crucial to any business in the industry because it enhances customer experience at a higher level, which can positively improve conversion rate in the long term to gain profitability.Here are some pointers that should help you decide:Check track record – If the B2B platform is more than 10-12 years old, it automatically means that buyers and sellers trust it and that’s precisely why it has been in business for such a long time.Check if buyers and sellers are verified – It is important to find a platform that has dedicated resources for verifying not only Suppliers that list on it, but also the Buyers who post their leads there. Anybody can post a message saying they want to buy XYZ product by filling up a form. It is the platform’s responsibility to ensure they verify these leads before sending them to suppliers.Check diversity of buyers and sellers – There are portals that focus on China. There are some that focus on India. However, if you are really looking for competitive prices, you need a platform that offers an assortment of buyers and sellers from various geographic regions. Stop focusing on just China and India.Check data update frequency – Many websites hide dates on quotation requests. They show the same buying inquiries posted 5 years back as “today’s fresh RFQ”. Don’t fall for it. Always make sure you are dealing with current requirements.Check website usability and tools – A good trading website will be easy to use and provide you with tools that you can use to communicate with your counter parties easily. Fly by night operators do not have the wherewithal to invest in technology and hence their websites are slow and do not provide half the communication features that are required in a global trading community.Following are the best B2B platforms for finding buyers worldwideAmazonAmazon in the former years was calculated as the biggest B2B e-commerce platform that operates. It was the first to function in such as vast spread out operations which was in approximately over 14 countries. Few of the countries that it was most popular in comprised of Canada, Brazil, France, the U.S, India, Italy, and Mexico. The B2B website Amazon is a name to reckon in the e-commerce industry. It has an intense workforce of 250,000 full-time professionals who offer the most innovative solutions and services to the customers.AlibabaAlibaba connects the Chinese exporters with companies in other parts of the world. Alibaba at present is listed on the Hong Kong Stock Exchange. It is one the first and the biggest B2B platform in the world as it caters to more than 35million users. Alibaba has ten subordinate companies that also operate internationally. These associated companies are mentioned in their corporate summary that is available on their website. These ten companies are Alibaba China, Taobao, Tmall, Juhuasuan, AliExpress, Alimama, Aliyun, Alipay, China Smart Logistics and Alibaba International.eWorldTradeeWorldTrade is considered as one of the top B2B e-commerce that comprises of reputable and reliable businesses. The company over time has grown to operate in over 18 regions which include the USA, UK, Hong Kong, South Korea, Poland, Belgium, UAE, Turkey, and a few others. The best aspect of eWorldTrade is that it has county exclusive portals that aids to provide untampered services to the customers. It has earned a reputation for delivering well-protected services which further creates opportunities to attract and connect more and more potential customers and reliable sellers.DHgateDHgate is strengthened as a B2B website that comprises of at least a million small Chinese vendors. As per extending operations, the B2B portal DHgate began to take higher consideration when selling/ buying products in the United States and the European Union as they required to ensure compliance and certain standards such as FCC, CE, and EN71. As they worked hard in delivering the best to their customers by avoiding uncertified goods by maintaining compliance and quality via the association with certified product clearance.GlobalSourceGlobal Sources is a multi-channel B2B media company, mainly through its series of English media, Global Sources website and a large number of exhibitions held every year to promote the export trade in the Greater China region. Global Sources' seller promotion services are usually provided in the form of integration of multiple resources. It has several monthly magazines and 14 websites including "International Electronic Business Information" and "Electronic System Design". Participate in more than 100 international trade fairs every year, and hold more than 12 (a total of 29) professional trade fairs in 10 cities.EC21It is a worldwide e-commerce platform. It provides business opportunity publishing, search, company and product search and query services, as well as introductions to the economic overview and investment environment of relevant countries. Its trade opportunities are divided into two sections, one is trade opportunity search, which can be searched by combination of transaction types and keywords. The other section is browsing and publishing business opportunities, which is divided into four parts, commodity demand, supply, business news group, and business opportunity publishing. The site is also available in Chinese language to maximize the efficiency of trading process.Made-in-chinaThis platform is one of the leading Chinese B2B Ecommerce websites. According to the prospectus of Intent issued by Focus Technology, Made-in-China e-commerce platform had more than 3million registered members. Among them, there are nearly 10,000 registered fee-paying members, and more than 12 million valid product information and business information have been released.Since the beginning of operation, Made in China has been focusing on foreign trade promotion. More than 70% of visitors come from English websites, covering 24 categories with 1500 product information in each category. Industries, such as machinery, hardware tools, and auto and motorcycle accessories, building materials and decoration materials and consumer electronics are particularly prominent.