Did you know 75% of people in India use some form of traditional medicine (a category of Ayurveda). Considering the increased usage of the products, the herbal and ayurvedic products market in India is expected to reach INR 710.87 billion by 2024.
Regardless of age or gender, many people are inclined towards the beneficial ayurvedic and herbal products. And why not? We want to be healthy for life.
This is the reason why sales of herbal products are climbing to new heights over the last several years. With the increasing sales of these products and people looking for herbal and ayurveda products, it is the best time to take your wholesale business online to sell herbal products. And there is nothing better than a B2B marketplace to take your wholesale business to the next level.
What is a B2B marketplace?
It is a type of ecommerce platform that brings B2B buyers and sellers and allows them to do business online. Just like B2C businesses sell their products on ecommerce websites, B2B businesses also sell their products (usually in bulk) on B2B websites. But on a B2B marketplace, the seller is not an individual but a set of people like wholesalers, manufacturers, suppliers. And in the case of B2B, the customers are other businesses. These buying and selling transactions are processed online, from product stocking, inventory management, quotations, order placement, payments, shipping, returns, customer support, and everything else.
Are you still wondering how an enterprise website can open up new sales channels for ayurvedic and herbal products business? Having an online B2B presence can help you big time. Let’s understand how it helps.
The idea of a B2B website has become an extremely popular idea because of low set-up costs
B2B ecommerce solutions are ready-to-use
It is a win-win business model for enterprise owners, suppliers/vendors, and customers
The enterprise platform offers fully-featured platform to run and manage large-scale businesses
Preferred solution for wholesale businesses as it reduces the go-to-market time drastically and battle-tested for many large-scale businesses
If you also want to stand out from your competitors, now is the time for Ayurvedic and herbal products sellers and buyers to search for a right B2B platform to expand their business globally.
Here is a step-by-step approach to build your online marketplace to sell ayurvedic and herbal products
Step 1: Decide your brand name
Choose a brand name that suits your business and register it. Your chosen brand name should reflect your business.
Step 2: Get your paperwork done
Complete the business paperwork while complying with all the legal rules and regulations.
Step 3: Buy your business domain
Select the domain name and check its availability on domain selling websites. Before you get started with a B2B marketplace, make your online presence with your business domain.
Step 4: Choose the right B2B ecommerce solution
This is one of the most important steps of building your online marketplace as your whole setup sits on this platform. Choose a B2B solution provider that is ready to use. Always prefer an enterprise ecommerce platform that is flexible enough to scale according to your wholesale business requirements.
Step 5: Onboard the manufacturers, suppliers and distributors
Once your B2B marketplace is ready, start building your online presence.
Step 6: Set up a support team
Setup a dedicated customer support team to assist the customers with their orders, queries, complaints, and more.
Step 7: Test and go live
Why choose StoreHippo for your ayurvedic and herbal products B2B marketplace?
No wonders, Ayurvedic and herbal products account for one of the largest product categories on the most popular online marketplaces. It has a huge number of ayurvedic and herbal products listed on the platforms with sellers from across the globe.
This very fact clearly shows that building a B2B marketplace for Ayurvedic products can help you build a stable business for products that are in demand globally. And the core requirement to build your own wholesale marketplace is to find an agile solution that can help your business go places.
StoreHippo offers the best-in-class B2B marketplace solution that is fully flexible and scalable to any number of products, vendors, and users. The B2B specific features allow you to handle a lot of enterprise-level concerns like a breeze. You can easily create custom ecommerce flows and processes for your unique wholesale herbal product business models. You can also manage taxes without any operational hassles by implementing a variety of taxes for different ayurvedic products and locations using the inbuilt tax engine.
Also, you can set the wholesale and retail pricing to offer best prices to every user, onboard multiple vendors and suppliers in no time and handle their payments adaptively. Acing mobile commerce game has also got easier with StoreHippo as it helps you to create and design your mobile-ready Ayurveda products online stores chain with a native multi store ecommerce solution.
Start your 14-day free trial to check all the amazing features of B2B ecommerce solutions offered by StoreHippo and decide for yourself.