A B2B portal for import export is a B2B e-commerce platform. It connects wholesale suppliers with genuine clients. It also helps assist businesses in reaching out to more customers and improving the consumer experience. Most B2B marketplaces in India also allow sellers to market, sell, invoice, and fulfil orders. It all happens on the same platform. These online portals are also known as B2B eCommerce marketplaces.
What Factors To Consider While Starting A B2B Portal In India?
- The size of the market
Assume a 5% to 20% market share potential for yourself in B2B trade portals because there are generally many participants.
- Moat
These SMEs have been able to procure through current channels when it comes to b2b portals in India. To differentiate yourself from an offline distributor, offer something unique to your customers, such as a large catalogue.
- Gross Profit Margin
The difference between the selling price and the cost price is the gross margin. It should be between 20% and 30% in the ideal situation.
- Collections
If B2B marketplaces in India do not create high-quality revenue, they will fail. The same way you choose your suppliers for product quality, you must choose the buyers you want to collaborate with. Perform KYC, credit checks, physical verifications, and regulatory filings, among other things, to reduce your risk. Your best clients are those who pay on time.
What Are The Kinds Of B2B Trading Platforms In India?
E-marketplaces come in a variety of shapes and sizes, each with its own set of business models. Based on how they are utilised, they can be categorised into these few different groups:
- Supplier-oriented B2B Trading Platform In India
This type of B2B trade portal is also known as e-distribution. It’s a great method for locating wholesale things to sell, but it’s not so great for locating wholesalers.
- Buyer-oriented B2B Trading Platform In India
There are a small number of buyers and a large number of vendors in this strategy. This type is often known as e-procurement. In this setup, the client is in charge of the website, while the vendors advertise competing products at different prices. These bidding sites only cater to large-scale buyers.
- Intermediary Oriented B2B Trading Platform In India
A marketplace with a significant number of buyers and sellers is known as an e-exchange. It is owned by a third party that connects buyers and sellers for a charge. It will be an acceptable alternative for small and medium-sized businesses. Global Trade Plaza is an amazing example of this type of marketplace. It is a B2B marketplace in India that connects thousands of wholesale suppliers and buyers.
- Vertical and Horizontal B2B Trading Platform In India
Buying and selling on a vertical e-marketplace for your industry sector can help you increase operational efficiency while lowering supply chain costs, inventories, and procurement cycle time.
A horizontal e-marketplace connects buyers and sellers from a variety of businesses and fields.
Check Out The Best 5 B2B Marketplaces In India
There are various advantages to using wholesale market platforms: Through them, buyers have access to a large number of wholesalers and their products. Wholesalers also have access to a big number of reliable buyers.
Without further ado, here is a list of the greatest online wholesale markets for sourcing products for your B2B business:
- ALIBABA
Alibaba is the world’s largest B2B marketplace for import export. Over 190 countries and territories have manufacturers, wholesalers, and distributors. The majority of the platform’s vendors, however, are based in China. Thankfully, Alibaba has a function that simplifies the process of checking merchants prior to placing an order. Trade Assurance is a service that ensures that your products are of high quality and arrive on time. To find Trade Assurance merchants, look for the gold dollar symbol on supplier profiles.
- INDIAMART
Indiamart connects buyers with over 50 lakh suppliers across the country through its platform and tools. It can assist small and medium-sized businesses, huge corporations, and individuals alike. It has around 66 million items. IndiaMart is an online marketplace that caters to Indian businesses. Suppliers can obtain certifications to establish their credibility through IndiaMart’s service.
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GLOBAL TRADE PLAZA
Global Trade Plaza can meet all of your requirements in one convenient location. Clients may manage their accounts and orders, as well as set budgets and purchasing limitations, on this B2B trading platform in India. The most noticeable aspect of Global Trade Plaza is that it facilitates secure global business collaboration and transactions. Well-known shops will be displaying their items and services in Global Trade Plaza. You can connect with buyers and distributors all around the world through this network and build your business internationally.
- TRADEINDIA
TradeIndia is India’s second-largest b2b marketplace for imports and exports. It now has over 5 million registered users, as well as nearly 4 million businesses and consumers, and it continues to grow. It’s another Indian B2B multi-seller marketplace that caters to both domestic and foreign businesses. Through online services, directory services, and trade promotional events, Tradeindia.com assists them in advertising their business abroad.
- UDAAN
Udaan was created to make trading easy for Indian SMEs. Merchants, retailers, manufacturers, and wholesalers can sell and buy goods through Udaan. It’s a well-known business-to-business trade portal. Sellers and buyers can contact one another and complete transactions in a short period of time. Udaan has already joined the exclusive Unicorn club. Aside from trade, Udaan helps its users succeed by keeping them informed about current events. It even gives AI-based advice.