The COVID-19 pandemic has also accelerated the pace of B2B eCommerce growth as more businesses have turned to online channels to sell and purchase goods and services. The convenience, cost-efficiency, and speed of B2B eCommerce make it an attractive option a quick guide to understand invoice payment terms for businesses of all sizes. Businesses are also adopting B2B eCommerce to expand their customer base and reach new markets. Ecommerce revolutionized various market segments as people find it relatively easy it purchases their desired stuff online.
- With the B2B e-commerce market projected to exceed 18% CAGR until 2028, merchants have plenty of opportunities to grow their bottom line with modern B2B e-commerce platforms.
- The COVID-19 pandemic exposed many weaknesses in supply chains and the many flaws in B2B workflows.
- The business transactions may occur business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer (C2C) or consumer-to-business.
- Prestashop is an affordable open source ecommerce platform that’s great for beginning businesses that have a somewhat technical background.
- The digital landscape has evolved rapidly, with technology and consumer behavior aligning to create a conducive environment for online commerce.
As applied to B2B, this means generating leads through “supplier agnostic” sales collateral. That might sound like a strange concept, but customers are inherently self-interested. The traditional method of leading with content that elevates your product, solution, or value proposition makes it about you. If you sell a large catalog of, say, thousands of car parts, it won’t be easy for customers to find what they’re seeking on your B2B ecommerce website in a pinch. The bottom line is that the digital approach to large B2B transactions only streamlines the supplier and buyer relationship. As you sell to other businesses, flexibility is critical to enabling growth and maintaining buyer relationships.
What is ecommerce and what is an ecommerce platform?
NuORDER is dedicated to providing thoughtful, informative B2B eCommerce industry insights. Brands use NuORDER’s platform to deliver a seamless, more collaborative wholesale process, where buyers can browse products, plan assortments and make smarter buys in real-time. In the B2C world, site search is now a necessary function of a website. Just like an in-store sales clerk, it aids customers in finding and buying the right products. That’s because customers who use site search are almost two times more likely to convert to your site, and can generate upward of 40% of your site’s revenue.
Building on a hosted ecommerce platform gives you more freedom to focus on running your business—not on putting out fires caused by downtime and the need to fix bugs. Let’s take a look at the best ecommerce platforms India has to offer, and discuss how you can evaluate which are the best ecommerce platforms for your business needs. You get to choose your business name, create your logo and branding, and build your ecommerce website in India. Over 95% of the company’s revenues currently come from IndiaMART’s Advantage Program that provides sellers assorted benefits. The paid subscription package includes higher search engine visibility, lead management solutions, direct payment options, among others.
This makes the ability to provide custom pricing and specialized catalogs two of the most important core features of B2B e-commerce platforms. OpenCart is a completely free and open-source ecommerce platform. In exchange, you’ll have to handle your hosting and SSL certificate. This is a good option if you’re technically savvy or can hire someone to take care of it for you. With an e-commerce platform like this one, you’ll have more control over your online store.
Best E-Commerce Platforms Of November 2023
The transaction process is so easy that people without any technical knowledge can make online sales through Shopclues. The Sunday flea market and Wednesday Super Saver Bazaar are two main traffic pullers for Shopclue.com. It’s no secret e-commerce has made (or broken) many businesses in recent years, with more and more consumers looking to online websites and storefronts to fulfill shopping needs. The digital world is now flooded with options in nearly every retail market, so staying abreast of e-commerce trends is crucial for any business hoping to excel in any industry. With so many e-commerce platform choices, it’s vital to pay attention to which features matter most to your business.
There are apps for print on demand and subscription businesses, for example, that make it easier to run on Shopify compared to other platforms. WooCommerce is especially familiar to those who know WordPress—WooCommerce is essentially an add-on to the popular blogging platform, WordPress. WordPress traditionally caters to content-driven websites, not ecommerce, so WooCommerce is WordPress’s answer to those who want to sell online.
Product sourcing and inventory management
Business-to-business (or B2B) refers to selling products and services directly between two businesses. The $299 OpenCart B2B Multi Vendor Marketplace add-on expands the platform’s B2B features, like requesting price quotes and taking custom orders of unlisted products. OpenCart is a free, open-source online shopping cart that you can download, customize and add to your existing website. Open-source software requires significant web development knowledge, so that small price tag can be misleading if you don’t have a developer on your team. Along with this, focus on the following do’s and don’ts for successful eCommerce application development.
NetSuite SuiteCommerce: Best for businesses that offer custom pricing
Here, we considered whether we could find information on the availability of free demos and public pricing. We also discuss the length of the free trial period, the cost of monthly and annual subscriptions, and other pricing details such as per-seat costs and user, product and storefront limits. This category provides a clear-cut view of how affordable and scalable the platform is for different business sizes and needs. Similar to Squarespace and Shopify, building an online store with BigCommerce is considered fairly easy and involves only a small learning curve.
Shopify rates as the best ecommerce portal in ease of use, design flexibility, and customer support. It also provides the best sales and website features for online retailers. Big Cartel is one of the most affordable platforms for building an online store.
Other E-Commerce Platforms To Consider
Together, they work seamlessly to import products to your store for customers to purchase. Here are the key metrics used to analyze the top e-commerce platforms. Bluehost is good for small businesses that want to use WordPress and WooCommerce to host their online stores.
For the best results, it would be good to do marketing and promotion innovatively. There are 12 million companies that exist in the world, while 4.2 million companies belong to North America only. So, how can you assume that customers will find you independently? If someone also claims that customers will find you automatically, then it can’t be possible without implementing any marketing strategy.
Whether it’s building an online storefront, improving inventory management, or streamlining your recording process, a B2B ecommerce platform can help you get there. Innovation and technology from B2B ecommerce platforms have helped drive the movement. B2B business traditionally involved labor-intensive, manual sales and marketing processes. The introduction of digital commerce helps these businesses reduce costs and improve efficiency through ecommerce automation. The best ecommerce platform should be a complete business command centre from where you control everything from inventory to marketing.