Ecommerce is no longer a new trend in online marketing but a driving force for every business to make more sales and gain more profits. Every business needs to step up and take advantage of this opportunity or risk being left behind.
In previous years, the online marketplace for B2B has shown slower growth. However, after seeing all the benefits it provides, it has rapidly become known globally.
There are many online marketplace for B2B platforms. What is the best platform to choose? In this article, we are going to look at some of the best B2B online marketplace options. Stick around to learn more.
Online Marketplace for B2B: Virto Commerce
Since its inception in 2011, Virto Commerce has ranked among the top B2B online marketplaces in terms of credibility and high-quality service. The platform is equipped with cutting-edge technology that allows buyers to easily navigate and locate best sellers and products available. This alone demonstrates the platform’s potential for online businesses.
Alibaba
Alibaba is the leading online marketplace platform for wholesale goods. It was founded in 1999 by Peng Lei and Jack Ma. This online market for B2B has seen significant growth, recently surpassing $100 billion in revenue. Impressively, the number appears to be increasing. Alibaba’s advantage is that its users have access to mobile commerce, online transfers, digital auctions, and a variety of other services, making it an ideal online marketplace for B2B for any client worldwide.
Online Marketplace for B2B: eBay
If you have been in the online marketplace business, you have probably come across eBay or made a purchase using it. eBay is known for its flexible payment methods and ensures its clients receive quality products as advertised on the platform. It links various manufacturers from across the world and opens doors for global buyers.
The good thing about eBay is that it shortlists sellers, making it easier for buyers to locate trustworthy and genuine sellers.
eWorld Trade
In addition to Alibaba, eWorld Trade is an online marketplace for B2B founded in China. Its main goal is to bring manufacturers and merchants across the world into one open platform to trade their products.
It has a well-designed, mobile-friendly website that acts as a connection point for sellers and buyers. On top of that, eWorld Trade provides buyers with a quick way of finding products on the platform, making it easier for them to make purchases.
Global Sources
The online marketplace for B2B seems to have started much earlier than many expected. Global Sources is an example of this. It has managed to remain active in this competitive market. Well, you might be wondering how?
The platform has a history of bringing together only genuine and trustworthy sellers from all over the world, making it ideal for any buyer looking for electronic, beauty, or healthcare products. On top of that, it has a massive number of users, ranging between 1.4 to 1.6 million. This number alone should tell you how good the platform is.
Conclusion
Ecommerce is among the leading marketplaces for business as of 2022. If you are planning to increase sales and revenue, do not get left behind. Review some of the top online marketplace for B2B that we have discussed above, and watch how your business grows.
