The Business-to-Business (B2B) market across the world in general and in India in particular, is rapidly adopting the online B2B marketplace. One may ask a question about why India is deemed as the hotspot for the growth of B2B online marketplace? The reason behind this is that, with the growing adoption of internet through smartphones, it is expected to accelerate the adoption of the online B2B market in India and is further predicted to reach $120 billion by 2020, with the 51% annual growth rate, which is the highest in the world.
The online marketplace has been growing leaps and bounds and even the government of India is no exception to this. It has launched a new platform of its own for the same as “Government e-Marketplace”, to make procurement by public sector enterprises more efficient. Why did they choose to make this switch? The answer lies in the wide range of benefits offered by the online marketplaces.
What is an online B2B marketplace?
It is a platform where buyers and sellers make contacts with the help of an online place. Here, buyer and seller both are business owners. For any market, it is always an added advantage for the seller to serve its existing buyers seamlessly and find prospective clients. This, when done efficiently, helps them to expand their business massively.
What are the benefits offered by online B2B marketplace?
Taking your traditional business to an online marketplace like one offered by EMedStore assures you many benefits. We have listed some of them below.
In addition to the growth and adoption of the internet in India, one of the key reasons behind the rapid rise of the online marketplaces is the easy set-up and transition it offers. By contacting a good platform development company, one can start a marketplace for their business very easily.
The traditional brick and mortar stores have many constraints when it comes to business expansion because it is highly tied to the offline reach. But, in the case of online marketplaces, there is no such hindrance as it enables the business owners to scale their business rapidly. One can meet their potential clients online and deliver the goods without much hassle.
In the B2B model, doing paperwork is cumbersome because of the sheer number of products that are sold. The facility of digitised records provided by online marketplaces not only reduces paperwork but also makes finding a particular bill or record easy. It is always just a click away. It also saves you lots of bucks by reducing manual work and human efforts.
Why choose the B2B marketplace provided by the EMedStore?
Every business and client always strives for alliances that can streamline their growth and provide them worthy goods as per their requirement. EMedStore offers comprehensive business solutions for B2B as well as B2C, and we have a proven record of providing our clients with excellent services worldwide.
How to get the demo of our platform?
We facilitate the buying and selling of beauty and cosmetics products, Health devices, Medicines and other services and products. If you want to build your eCommerce marketplace or want to get a demo of our services, Click here!
And our dedicated team of Digital marketing executives will also guide you regarding the marketing of your online marketplace as well.
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