There are many types of e-commerce, but the most common is Business to Business (B2B) e-commerce.
This type of transaction occurs when both sides involved are business. Not all consumers are familiar with this type of e-commerce,
however, since most of their own transactions will be classified as Business-to-Consumer (B2C) E-commerce.
On the Internet, B2B (Business-to-Business), is an exchange of products, services or information, rather than products and businesses.
B2B e-commerce comes in several forms.
- Optimizing Procurement
Managing Sales Channels
Order Fulfillment
What Are the Benefits of Business to Business (B2B)?
B2B e-commerce helps because it transmits and synchronizes data in real time and reduces cycle time for businesses.
Can use real-time data to help sales and marketing, and inventory can be retained efficiently with auto-trigger order placement, all this high productivity, low cost, better quality, and fast delivery.
Any business can establish a B2B e-commerce website or participate as vendors in the online marketplace.
Buyers can establish a website to post your needs and view the proposals of sellers.
Sellers can set up websites where buyers browse through offerings and location orders, such as B2C E-commerce systems can operate.
Businesses of all types can participate in virtual marketplaces who try to match buyers and sellers.
These marketplaces can be most beneficial for small businesses that may not have the need or desire to develop and maintain their own e-commerce website.
Best Books for Business to Business (B2B)?
Here are 5 books that will help you become a better B2B marketer.
- Full Funnel Marketing, by Matt Heinz
- Welcome to the Funnel, by Jason Miller
- Impossible to Ignore, by Carmen Simon
- The Big Data-Driven Business, by Russell Glass and Sean Callahan
- The Power of Visual Storytelling, by Ekaterina Walter and Jessica Gioglio
Conclusion
Now, we are at the end of our article, We discussed with you about B2B E-commerce, Their Advantage,
We told the best way to create an E-commerce store,
We also told you about the best books of eCommerce.
Still, It is possible that you now have thousands of questions. Do not worry – this is normal. ask your question thru comment box!!
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