Whether you want to expand your B2C store to a B2B/B2C hybrid or scale your current B2B eCommerce business, you need a B2B eCommerce platform you can trust.
What is B2B e-commerce?
In a nutshell, B2B e-commerce, also known as wholesale e-commerce, is commerce between business customers, not between a company and a private customer (B2C) like you.
B2B e-commerce offers merchants many different benefits, such as the ability to reach a whole new type of customer (business), streamline sales processes to make your business more efficient and profitable, and take advantage of big data.
Ecommerce development company is the perfect assistant in creating your e-commerce resource. Therefore, if you do not know where to go next, these specialists will point you in the right direction.
What types of e-commerce exist?
While we have already explained to you specifically about B2B e-commerce, it is logical to assume that there are different types of e-commerce. Each one is tailored to specific needs to ensure a safe and practical result. The main ones are:
B2B (business to business)
This type of e-commerce is aimed at wholesale transactions between suppliers and businesses. Money transfer channels are based on the principles of high security, which reduces risks and costs. With this, large amounts of money can be sent quickly and easily.
B2C (business to consumer)
This sales channel is the most common as the company creates a direct connection with the end customer. Platforms of this style allow you as a user, for example, to make purchases anywhere and anytime. With this style of business model, transaction times are greatly reduced.
B2E (business for employees)
Business-to-employee e-commerce has become a recent addition to transaction platforms. It is a commercial model driven by a direct channel for making payments from the company to its employees.
C2C (consumer to consumer)
Trading between consumers is a more repetitive procedure between users. Here, the demand processes for used goods are run on private servers. This commercial section came about thanks to the spread of e-commerce around the world.
G2C (government to consumer)
Thanks to this method, public institutions save a lot of time in terms of customer service. Payments are usually automated and are used to pay utility bills or bank charges if needed. They are the safest method of e-commerce since the state intervenes directly in transactions.
Magento B2B e-commerce
Magento B2B Commerce is another popular open source B2B e-commerce platform that offers countless integrations and a huge library of extensions.
Magento B2B Commerce includes all the platform’s key features with additional features for B2B merchants managing multiple brands and partner accounts. For example, B2B shoppers can enter an SKU or upload CSV files to quickly checkout from your store. It is available worldwide.
Now that you know what B2B e-commerce is, we are confident that you will use this information to your advantage. Business development is a complex task that requires intelligence and strategy. By knowing what type of B2B e-commerce is right for you, you can create an action plan to suit your needs.
It is important to document the changes taking place in the market to make forecasts based on facts. With all this in hand, the boundaries of your company will grow to such limits that you didn’t even know. Also, the help of specialists https://dinarys.com/b2b-ecommerce-agency, which will help your company to open up, will not hurt here.