Top 10 Global B2B Marketplaces to Grow Your Business in 2019
The advent of highly advanced technological solutions encompassing the unbreakable security of blockchain, the superhuman intelligence of AI, and the augmented world of AR, has opened avenues for e-retail businesses. B2B e-commerce has turned into a trillion dollar company and as per the research, the revenue graph is expected to grow more in the coming years. Moreover, as far as sales and revenue are concerned, according to Frost & Sullivan, the e-retail business is expected to hit $1.2T, hitting $1089B by 2020 excluding EDI transactions.
The outbound success of B2B e-commerce depends on a number of prosperous reasons. From ensuring personalized and customized customer support to offering 62% enhanced search facilities to buyers, the average conversion rates as compared to B2C businesses is about 10% higher in B2B e-commerce. The long list of incredible statistics is enough to depict the standard and scope of e-commerce business in the near future.
For marketers, having a full-fledged e-commerce site is truly non-negotiable when it comes to positioning yourself in the fiercely competitive world of the e-retail industry. Among the early birds who have offered online users with a range of fascinating and highly competitive solutions, including the below mentioned top ten brands, these brands, with their progressive strategic approaches and unbeatable services, have marked their spots and are continuously thriving to stay ahead.
Amazon
Amazon is the biggest B2B e-commerce platform operating in more than 14 countries that includes Canada, Brazil, France, the U.S, India, Italy, and Mexico. The company has claimed to be the leading entity in the e-commerce industry with a massive workforce of 250K full-time experts, to offer the most innovative solutions. Amazon provides a broad range of products that includes Fire TV, Echo, and Tables to advanced technological items.
Over the years, it has brought improvisation in its delivery services. Moreover, it owns the Delivery Service Partner (DSP) Program that facilitates 20K branded vans to small businesses for pickups & delivery. It explores new ways to bring stability to its B2B business. It assists brands in strengthening themselves to beat the best. Amazon, being the safest platform with secured payment modes, is undoubtedly the most successful B2B platform.
Alibaba
Alibaba Group, established in 1999 by a group of dedicated and influential Chinese entrepreneurs, is among the leading entities in the B2B marketplace. Based on a far-sighted approach and a strong strategic foundation, it caters businesses with cutting edge solutions. The vastness of its products and the level of customer support highlight its uniqueness.
In the e-retail industry, Alibaba is considered one of the most reputed companies. It facilitates wholesalers, entrepreneurs, small business owners, and even giant retailers. Ensuring cross-border trade, the platform operates in two leading languages–Chinese and English. Moreover, its market and IPO value have reached $140B and $15B respectively.
eWorldTrade
eWorldTrade.com is the fastest growing wholesale B2B marketplace. With highly user-friendly portals, the platform provides an incredible customer support service. eWorldTrade has earned its place within a short span of time with its broad range of products and services. With the ease to browse products, it has been declared as one of the top B2B e-commerce businesses. The platform enriches personalization and customization and offers products of the finest quality at competitive pricing.
The company operates in more than 18 regions including Belgium, UAE, Turkey, the U.S., UK, Hong Kong, South Korea, and Poland. With the help of country exclusive portals, eWorldTrade delivers uninterrupted services to customers. Reputed for offering well-protected services, it creates opportunities to bring potential customers and reliable sellers closer.
The results-driven strategy and targeted approach make the platform able to achieve its goals and discover new heights to succeed. Its country-centric portals, with the integration of highly advanced technological solutions, provide a seamless interface and smooth functionality.
eBay
“We empower people and create economic opportunity.”
Next to Amazon, eBay is another noteworthy name in the B2B marketplace. It has topped the charts with its amazing services by operating in 24 countries including Austria, Belgium, Ireland, Italy, the U.S., and Canada. From having 117M active buyers to making $422M revenue dollars in app downloading, the platform has created a patch in every region, inviting a huge proportion of online users.
eBay facilitates businesses with elevated standards of customer support services by catering to their every single need. Their apps are integrated with advanced technology, including AI algorithms and high-definition features. eBay, being one of the top B2B brands, provides one of the most secure platforms. From luxurious items to one-of-a-kind products, the site is a treasure of amazing goods and is continuously progressing.
The beauty of eBay lies in its careful management of supply and demand. The prices are competitive along with its many packages– discounted, premium, and special offers. Moreover, it is a platform for collectors who can buy postcards, oil license plates, Barbie dolls, pocketknives, and even vintage advertising signs.
IndiaMart
Indiamart is India’s biggest online B2B marketplace. With the growing number of revenue generation, it shares up to 60% of the total market share within the region. Founded in 1999, Indiamart’s vision is to bring online customers ease.
Indiamart provides increased credibility and a proficient lead-generation system to sellers. Due to its compelling services, it offers a profitable ground for entrepreneurs and business owners to dig out new possibilities. In 2015, Indiamart claimed to have over 3M active suppliers on its website.
The company has been offering services to many reputable brands and firms. Its offices are located in many parts of the region with over 2.5K professionals with unmatched skills. The astounding success of the platform is evident from its massive revenue generation of up to 754M. Moreover, in 2017, Indiamart was rewarded with the Best Business App Award at GMASA.
Global Sources
Global Sources has been a part of the B2B e-commerce marketplace for almost 47 years. Having over 1.5M buyers belonging to over 94 countries globally, the company serves millions of customers. Most of its customers are listed among the top 100 retailers in the globe.
The company supplies the most reputed products and services with reasonable pricing and exciting packages. The responsive website, with its sleek interface, encourages trading and assists buyers throughout the sales process.
Moreover, the company has achieved a prominent spot on the NASDAQ exchange. In the year 2012, Global Sources accumulated revenues up to $231.7M, which marks a turning point. The company has incorporated the English language on their website and in customer dealings to forge an uninterrupted connection for trading companies in China with those operating overseas. You can maximize your product reach and interact with a huge percentage of target buyers.
Etsy
Etsy is a renowned marketplace, known globally for its incredible B2B e-commerce services. Its unique and creative goods attract millions of customers. From handcrafted items to legendary pieces, clothing to vintage treasure, there is a lot to find here.
Empowering brands by delivering top-notch products, Etsy operates with the vision to make shopping easier while motivating users to interact with e-commerce without any hassle. The firm not only builds avenues for buyers and companies but inspires sellers to attract and engage potential buyers.
They supply quality products to many leading retail stores. Etsy provides a progressive platform to sellers to gather prospective buyers to their respective profiles. From high-definition images to a well-organized and maintained interface, the website is a perfect gateway to experience fun-filled shopping.
EC21
EC21 is a premium B2B marketplace that connects millions of suppliers and buyers belonging to every corner of the globe. It facilitates global trade services to small and medium-sized business. It has years of excellence in international trade and has rendered incredible services. With the finest product quality and on-time delivery, EC21 is one of the best companies when it comes to e-retailing.
At present, the company has over 2M reliable sellers and 3.5M potential buyers who interact with over 7M products. Soon after its establishment in 1997, EC21 collaborated with the Korea International Trade Association (KITA). Much like other platforms including eWorldTrade, EC21 also delivers a broad range of online marketing services that include search engine optimization, social media marketing, and pay-per-click services.
With its premium and basic membership programs, it allows suppliers to organize their profiles efficiently. They can manage their homepage to view products online, contact and locate global buyers, upload exciting trade offers, and coordinate with buying leads. Exchanging over 600K inquiries every month, the company has paved its way securing a prominent position among the leading ones.
Cratejoy
Cratejoy is among the leading B2B marketplaces. It provides efficient subscription boxes to customers across the globe. Reputed for having unbeatable professional standards, the company caters to customer needs belonging from regional affinity to healthcare. It receives above 30K monthly transactions and generates around 3M page views.
The beauty of their services lies in personalization and customization. The experts create a perfect product for you depending on your needs, nature, and preferences and then deliver the product to your doorstep on said date.
Cratejoy maintains the quality of its products to achieve a strengthened clientele. They prevent customers from leaving their site and thus address their unique needs and demands. With elevated standards and the highest quality assurance, the company has secured an unshakable spot online. Giving complete control over the subscription, Cratejoy strives to keep customers fully contended. The soft theme and fast processing are among the prominent features that bring users closer to the domain.
Reverb
Reverb is one of the largest music e-stores. Being one of the premier B2B marketplaces, the company has over a million active users. Reverb is more like a treasure box full of musical items and gears. From guitars of different styles to vintage accessories, it facilitates customers with an optimized search box to get what they want without much hassle.
Whether you want a bass guitar or a high-quality Amp, acoustic guitar, or engaging covers and pedal sets, you can shop from a broad variety of products. Reverb has turned out to be one of the greatest music platforms with its innovative techniques and unmatched quality of music gear. It entertains and caters to the needs of over 80M music lovers around the world.
Launched in 2013, Reverb aims to make buying and selling reputable music gear easy and hassle-free for music lovers. It has gathered thousands of prospective buyers and authentic sellers. With years of untiring hard work, Reverb has made its place among the top music instrument-supplying companies.
Wrapping Up
The battle to beat the best will continue to bring improvised techniques and tools for businesses to thrive that will eventually cater to customers’ needs as well. When counting on any platform to bring prosperity to your business, you must check the supplies, quality, and payment modes.
As per the research, the above-mentioned platforms all show a broad set of trustable features. From Amazon to Alibaba, eWorldTrade to eBay, you can count on any of these platforms as a safe bet.
Simply check the range of products and get in touch with a professional to discuss the complexities involved and to find out if your selected product is of the finest quality or not. Get educated and then purchase in bulk amount.
Considering the tough competition between each one of the entities, it gets complicated to rate any site as #1. So, check reviews and seek assistance to make your final decision.
