5 Best Market Places to Find New Suppliers in 2020
Who doesn’t want increased sales, less cost and more revenue? I know you are secretly screaming ‘I want it’.
Well, You have just landed to a right place. You must be bored of listening to same old market places and find the same old suppliers. I understand the pain. B2B companies are seriously considering online business market place to build relationships with other businesses and find new suppliers and thereby initiate new transactions. One study shows:
The physical market places are still relevant in India but a quick shift to digital market place to find new suppliers is seen in past few years drastically. Where cost and quality are obvious parameters to select any new supplier or maintain the relation with the existing ones, a new parameter is also added to one of the criteria. Experience sells more than a product. If you don’t believe me, just look at these numbers:
- According to 75% of B2B leaders, customer experience will be more important in the industry in the coming years.
- 32% of customers will stop doing business with a brand they loved after one bad experience.
In the upcoming rising online transactions, you need to very well know which all market places are best for initiating transactions with new suppliers depending on different industry and product. Lets dive in:
One stop hub for textile industry. Be it sustainable brands to budding brands to very popular brands like Amazon, Myntra, Shoppers Stop, they have it all under one umbrella. With a presence in 190+ countries online, they connect you with new businesses not only locally but also globally.
Fashion is an industry which goes through continuous updates and trends. Fibre2Fashion makes sure you get the required and trending industry updates.
‘Launch-Build-Grow’ is their mantra. What else any upcoming or even existing brand needs? The business journey is endless and one can spend their entire journey by associating with Fibre2Fashion to make it worthy.Do you know 6% of companies in the B2B industry are putting more effort into building their network?
Whether you belong to a food industry or chemical industry or for that matter any other industry, this network is so far the most credible network with around 50000+ network companies under their radar. The only platform SMEs need for finding trustworthy Indian vendors. In TranZact you’ll be able to perform and achieve the following:
- Identify data backed and researched supplier profiles who would actually offer you the best deals and also buyer profiles who would actually buy from you.
- Get discovered, make your brand more visible and generate potential leads using TranZact’s cloud-based business ecosystem.
- Verified recommendations and ratings determining the quality of vendors you work with.
TranZact is not limited to only networking. They also sell an advance business software(ERP) which is specifically curated to track each unit of your inventory, focus on lean production, GST compliance and solve complex document management.
With their advanced search feature, one can directly and easily send purchase quotation to companies under their network.
The B2B market place for overstock and surplus inventory. Well, I am sure if you face a problem of excess inventory, liquidating those would be an issue. Running discounts, donating, leverage product bundling or even dumping the inventory must not be that fruitful and revenue generating. Excess2Sell, a leading excess inventory market place, the wholesalers and retailers facing excess inventory scenario, can market, manage and sale their excess material and product. There are many businesses who wants your excess inventory. Then why to dump and bear loss? Rather be a part of Excess2sell 31 thousand+ member and liquidate your unwanted or excess inventory.
The Commerce Ministry launched Government e-Marketplace (GeM), an online platform for public procurement, in August 2016.
The portal provides a wide range of products from office stationery to vehicles. The Government’s huge efforts is going in making the rating system for buyers and sellers, more stronger, transparent, and hence reliable.
GeM is a completely paperless, cashless and system driven e-market place that enables procurement of common use goods and services with minimal human interface.
The marketplace which holds 60% of market share of online B2B space in India. As the number says, how businesses likes to trade via IndiaMart. With the mission to ‘to make doing business easy’ and 5.6 million+ suppliers, they offer convenience of connecting with suppliers anytime, anywhere. This humongous number speaks the reliability and network circle of the company. If not earlier, now is the time to be a part of this network.
As per Zeebiz, IndiaMart becomes the second most loved IPO so far in 2019.
It has been found that 2019 and onwards, there are no such industry who don’t want to be a part of an online portal to scale up their reach and business trades eventually. Also, there has been hundreds of frauds that took place just because of supplier breaches. Its high time that you should be part of a trusted network and only deal with the credible suppliers. After extensive research, trading via the above market places is going to be win-win for both suppliers and buyers. Leverage your business online through these channels and get visibility and increased revenue.