What are top advantages of B2B e-commerce in India?

E-commerce is dominated by how the Amazons and eBay's of the world are changing the retail industry and how the world shops. In all geographies, you will also find local e-tailers who aspire to be Amazon someday. Amidst all this clamor little attention has been paid to B2B e-commerce and how it is changing the way corporations supply and procure materials.

B2B companies today though are thinking of e-commerce differently. Whether you’re just starting off, already selling, or still considering given below are some of the major opportunities in the B2B E-commerce space.

1. Size of B2B Industry: let's address the fact, B2B is the superset of B2C,  in an article written by Forrester, predicts that US B2B Market is going to hit $1.8 Trillion by 2023 and like B2C, more and more B2B sales are shifting to online.  There has been a monumental shift in how B2B companies using technologies to sell products online.

2. B2B’s Bigger Order Values and Higher Conversion Rates: The spectrum of companies benefitting from B2B e-commerce is broad because B2B sales have a higher average order value. B2B vendors also experience higher conversion rates online than B2C.

3. Better Customer Experience: B2B Merchants are able to offer better customer experience via true Omnichannel. This creates a strong selling strategy and relation between buyer and supplier. Finding products, comparing pricing, and submitting orders will be easier online. Personalized service along with fast and accurate delivery.

4. Sell Direct to Consumers: With advance technological e-commerce tools it becomes easier to carry improved operations to command processes that make it possible to market catalog to consumers while breaking beyond traditional B2B selling models.

5. New Buyers with Assorted Online Habits: Most of the B2B buyers are millennial. With new technology and a strong online strategy, it can drive new customer acquisition. As customers research and compare online, B2B merchants have more opportunity to appeal to new customers. You can expand your reach via with ample digital marketing.

6. Stay ahead of the competition: With online e-commerce platforms and new technological tools, you have a chance to put yourself ahead of the competition. According to a survey from Emarketer, 18% of us B2B companies got move half of their revenues from e-commerce. While the B2B e-commerce is growing, it’s still in its infancy investing in it is a long-term strategy to growth and success.

What to Do Next: Choose a B2B e-commerce Platform

Whether you’re ready or not, e-commerce is taken to be a significant part of the B2B industry. In order to get ahead of the competition, you’ll want to take advantage of this opportunity now. Expostall.com is one such platform, it’s the largest B2B e-commerce marketplace for exporters in India that offers the opportunity to traders, manufacturers, wholesalers to the free list of their products and instantly connect with potential global buyers and suppliers for bulk requirements.

Source-: https://medium.com/@expostall1/what-are-the-top-advantages-of-b2b-e-commerce-in-india-5f0770501d3

How to start import export business in India?

India in recent years has seen major growth in the export and import of goods and services in India. Every year's numerous start-ups and companies joining the race to venture into this area.

Getting started

Pan Card: To establish a business organization you need to have a Pan card issued by the Income Tax Department for registration.

Form a business entity: According to the management pattern, your business must be registered first with the government of India. It can be a sole proprietorship, partnership, private limited company, or LLP.

VAT Number: You also need to obtain a Service Tax registration or a VAT registration certificate.

Current Bank Account: After successfully completing the above steps you have to open a current bank account in order to carry out the transaction exclusively for your business.

Obtain an Import Export Code (IEC): It is the most important requirement to start your import-export business. IEC can be obtained online by applying at the DGFT website.

Documents Required for Import Export Code (IEC):

1.     Personal PAN card or Company PAN card

2.     Applicant’s photograph

3.     Copy of a canceled cheque from the business’ current account

RCMC Registration-cum-Membership-Certificate: Depending upon the class of your product, it is granted by the Export Promotion Councils.

There are around 26 export promotion councils from where you can get an RCMC issued.

Once a is valid IEC and RCMC are issued, you are now set to run an import-export business in India.

Opportunities available with exporters

The import and export of goods or services play a huge role in a country’s GDP growth. It also makes a country stay connected via trade through the rest of the world. Having said that, business entities in import-export the arena can explore various platforms to get started with, one of such platform is expostall.com.

Expostall.com is India’s leading B2B marketplace for exporters in India that intends to provide the business directory for Manufacturers, Suppliers, exporters & national or international buyers. Users can do a free listing of their products and generate instant leads from across the globe; users can also chat instantly with intended suppliers for bulk or wholesale requirements.

Go visit www.expostall.com -your gateway to global trade

Source-: https://bit.ly/2UzEHFX

How to find B2B wholesale suppliers in India

The B2B market is the largest of all the markets. It is the superset of B2C. Big companies like GE and IBM spend an estimated $60 million a day on goods that support the operation of their business.

B2B Market is mostly comprised of products that are not manufactured practically for direct consumers, for example, steel. These products are used by companies selling products and services to end consumer.

A B2B marketer focuses on a larger market segments that include.

●       Companies that use parts to assemble their products, like automakers

●       Government agencies, the single largest target, and consumer of B2B marketing.

●       Institutions like hospitals and schools.

●       Companies that resell goods to consumers, like brokers and wholesalers

Expostall is a leading B2B Marketplace in India for Exporters that understands the market depth and provides innovative tools to help connect global buyers and suppliers. Here you can find a higher quality products, trade leads, manufacturers, suppliers, exporters & national or international buyers. Users can do free listing and chat instantly.

Addition to its businesses can stay updated with trade shows and other international events.