Thursday, January 26, 2012

B2B Portal Online Transactions

By David Bess


B2B simply means business to business. This term is used for any transaction between two companies. With the removal of country borders, the current trends is focused on globalization and improving communication between companies located all around the world.

Companies mostly communicate between each other thanks to the use of the internet. In order to do this, business people need very basic skills to be able to use the internet as a form of doing business. B2B portals or B2B marketplaces are ideal websites where companies can post their offers online, send emails to other users of the site and get price quotes.

B2B offer users access to a wide range of data using advanced technologies in enterprise search. Best of all users can access the infinite range of information and news available at no cost. The collaboration between companies proves to be beneficial. There are three types of B2B market. One is the market where the seller has control access to various buyers. Another is where the buyer is controlling market access to suppliers and finally when there are intermediaries who intercede for buyers and sellers.

There are several B2B trade advantages. These include cost reduction, market expansion worldwide and the speed with which a business can be closed once all parties are in total agreement. The features of B2B trade worth mentioning that a wholesale business focuses on supply and demand plus provides information for buyers, vendors, products and prices all in one place. There are sites in the world in the search engines category that already enjoy the reputation of being the most effective and complete ones. Users can now keep updated of the latest news in a larger sector. The multimedia content distributed by B2B sites can be searched now and correspond to the following industries: aerospace, automotive, computer, agricultural, chemical, education, training, energy, utilities, electronics, environment, food, beverages, financial services, government, leisure, entertainment, manufacturing, production, health, pharmaceuticals, biotechnology, retail, real estate, construction, sports, telecommunications, transportation, logistics, travel and lodging.

As you can see, using a B2B portal can bring numerous advantages for any company looking to increase their global sales and increase their distribution channels.




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