This content originally appeared on DEV Community and was authored by Alex
Nowadays the B2B business model is just starting to take off. Entrepreneurs seek solutions and improve their businesses’ performance. The B2B model’s key feature is the frequency and transaction volume, made on the market.
There are 3 main sectors of B2B:
- B2B Marketplace for Buyers and Sellers (e-commerce platform);
- Marketplace for B2B services;
- B2B rental marketplace.
In our article we tell you about best example applications, set the market trend and create consumer expectations.
- E-commerce platforms: Amazon, Alibaba, eBay, and others.
- B2B services marketplace: Thumbtack, Fiverr, Upwork, and others.
- B2B rental marketplace: Airbnb and others.
So, how to define the distinctive idea and purpose of the project?
An original idea is what identifies your business from competitors and builds a unique interaction with your customers. Please, answer the following questions:
- What are the problems in cooperation between business partners?
- What causes these problems?
- What is the possible solution to these problems?
- How can this solution be presented to the masses using the marketplace?
Deciding exactly how your application will earn is one of the most important tasks. One earning scheme can push away your potential clients, while another one can attract. You should think about possible types of monetization like:
- Transaction fees.
- Subscription.
- Advertising.
- Additional functions.
If you decide to create a B2B Marketplace, provide a platform for the sale, rental or services of some entrepreneurs to others and have already identified a goal, you will need to learn more about the basic functions:
- Registration algorithm;
- The presence of a registered profile and its status (perhaps even a rating);
- Product catalog (product database with a template field);
- Cloud storage;
- Search by software;
- In-app payment (payment gateway);
- Checkout (template questionnaires);
- Reviews under the product card from buyers.
As your business expands, advanced features become true “magic wands” that facilitate and automate a huge part of your and client's business processes.
Notifications.
Product delivery monitoring.
Recommendations system.
Integration with social networks.
Recommendations system.
Search filters.
Live chat.
The “Exceed Team” is interested in developing entrepreneurship and is ready to take on your B2B Marketplace project. If you still have questions and would like to know more details about developing an application of this kind, write to us.
https://exceed-team.com/contact
This content originally appeared on DEV Community and was authored by Alex
Alex | Sciencx (2021-06-01T15:30:36+00:00) How to start a B2B marketplace. Retrieved from https://www.scien.cx/2021/06/01/how-to-start-a-b2b-marketplace/
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