The B2B marketplace is a treasure yet to be discovered by many offline businesses. However, the B2B marketplace is growing daily and getting wider as time passes.
Seeing their shift to B2B eCommerce, one of the leading company, Amazon, have also started its online B2B business, which goes by the name of ‘Amazon Business.
Numbers Continue to Increase
However, there is still a great number of businesses that currently need to be made aware of the importance and benefits of the B2B marketplace. By 2021, there was a total sales of $6.9 million worldwide, according to some reports.
The number is expected to grow larger in the upcoming years as many businesses are shifting to this platform.
But despite the great improvement and growth in the B2B marketplace, the big players like Etsy and Airbnb have added to the value of B2C, and the B2B marketplace is yet to unlock its full potential.
Other great market players like eBay and Alibaba have been established in the B2B marketplace for 25 to 30 years. The B2B eCommerce sector has developed a lot due to the contribution of these two great businesses.
Amazon also Joined the Race
Seeing their shift to B2B eCommerce, one of the leading company, Amazon, have also started its online B2B business, which goes by the name of ‘Amazon Business.
The B2B marketplace’s huge size makes it a great opportunity for other businesses. Still, several factors add to its qualities and make it the most viable and profitable business platform for other companies.
Some of the qualities are the non-risk dealership system between the two businesses. For example, the manufacturer’s business can handle getting scammed for its product. In the same way, the seller company also has no worries about the product quality or services.
Because of these properties, the B2B marketplace is growing faster and can overtake the B2C marketplace, as there have been many cases and complaints of scams or poor quality.
The B2B marketplace, despite the great development, is still an undiscovered deep ocean treasure. However, we can see more advantages of this platform as a leading player shifts to it.
AI Paving Way For Smooth Transition
Since the B2B marketplace deals with massive transitions, most tasks are carried out by AI and modern technologies. Moreover, it provides results-driven outputs to the companies involved in a dealership.
Another great opportunity it provides to its users is exploring the marketplace. Sellers can now sell their products and services to vendors and buyers worldwide.
The B2B eCommerce marketplace still faces many challenges. The main one is the online issue, as many industrial businesses prefer to do their dealings face-to-face. In addition, some believe it creates trust between the companies.
Some leading auto-makers are still doing their business offline. Many big players prefer B2C over B2B as it is still developing. However, the company that starts its business in the B2B marketplace will gain huge profits.
https://www.mondu.ai/blog/b2b-marketplaces-opportunities-risks/
