What Is A B2B Marketplace Solution
A B2B marketplace solution is a software designed to build online marketplaces for wholesale and large volume businesses. These turnkey B2B marketplace website builders build a wholesale online marketplace for large businesses where sellers and buyers come together to buy and sell products and services.
To cater to the complex requirements of a B2B setup these turnkey multi vendor marketplace solutions come with additional features and support. These features are designed to handle large volume orders, differential pricing, customized discounts, a range of payment methods, complex taxation, bulk shipping etc.
Along with these, features a comprehensive B2B marketplace solution is designed to offer flexibility and scalability for an online B2B marketplace dealing with a large number of
manufacturers, distributors, wholesalers, retailers, brands and clients.
Why Turnkey B2B Marketplace Solution Is Better Than Legacy Software
Legacy software to build a marketplace website for wholesale businesses needs an expert team of developers and a substantial amount of time and budget. Also, the development and testing cycle can be longer depending on the requirements, bugs and subsequent fixes. Also, the business owner(s) is tasked with maintaining and upgrading the hardware, servers, security etc.
Alternatively, a turnkey B2B marketplace solution offers a plug and play solution which can be tailored to the unique requirements of a business. Further, with the right integrations, the functionalities can be enhanced to build the best B2B ecommerce platforms.
The benefits of using a B2B marketplace solution are:
Cost-effective solution as compared to the monolith or legacy software for multi vendor marketplace
Easy to implement and train your teams, distributors etc. to use the system even if they have limited technical know-how
Faster time to market with battle-tested solutions designed for specific needs of large businesses
Technologically advanced software designed to offer solutions for current and future market trends
Automatic upgrade and maintenance are taken care of by the B2B marketplace solution provider
StoreHippo, the top ecommerce platform offers native solutions to build a variety of online marketplaces for B2B and wholesale businesses. It comes with 300+ inbuilt features and 120+ integrations that make it easy to build innovative solutions for the unique needs of high-volume businesses.
Business Benefits Of Using B2B Marketplace Solution For Your Wholesale Business
With over 93% of B2B buyers researching for products online, it becomes imperative for brands to build the best B2B ecommerce platforms to grow their business. The right online marketplace software offers great business benefits for a wholesale multi seller business. Not only it opens up the business 24x7 but also adds a competitive edge to the business.
B2B buyers are also looking for B2C like ease of buying and the right B2B marketplace solution offers this to the buyers. On a B2B marketplace website, the customers can choose from a variety of sellers opt for the best deals by negotiating pricing from multiple sellers.
Opting for a ready-to-use B2B marketplace solution offers the following business advantages :
Boost reach to new markets, new sellers and distributors as well as new clients
Streamlined, automated and standardised processes introduce efficiency in operations
Better conversions with improved and automated processes for requesting quotes and orders
Shorter sales cycle with automated CRM and other tools for 24x7 customer engagement
Go omnichannel to connect, engage and convert customers on multiple channels
Better seller/distributor management with comprehensive vendor onboarding and management modules
Faster and error-free fulfilment with automated and improved supply chain management
In-depth business insights with analytics and customers browsing and buying behaviour
StoreHippo multi vendor marketplace platform not only offers a solution to build a B2B marketplace. It comes with inbuilt marketing and analytics to help businesses create cutting edge solutions that can compete with international B2B marketplaces. Built on headless architecture, StoreHippo allows businesses to add multiple customer touchpoints and easily go omnichannel.
Built grounds up on the mobile-first principle, StoreHippo builds mobile-ready B2B marketplace websites and marketplace apps at no additional cost or coding. With over 70% B2B buyers starting their product search on mobiles this gives a definite competitive edge to B2B marketplaces powered by StoreHippo.
Why StoreHippo Is the Best B2B Marketplace Solution
StoreHippo offers a feature-rich B2B marketplace software that is easy to use for the owners, dealers, distributors as well as clients. The platform is easily customizable for the unique business needs and the frontend as well as the backend can be tweaked as per the needs. StoreHippo also offers inbuilt marketing features to grow the business and follow up with customers easily.
StoreHippo helps in making the best B2B ecommerce platforms by offering a host of B2B features like, pricing overrides, IP or location-based pricing, RFQ, enquiry generation form etc. Along with free SSL it offers additional security layers by offering restricted login and audit log features. Customized invoicing and a powerful tax engine make for easy and streamlined accounting. Along with these StoreHippo B2B marketplace solution also offers a host of other B2B and multi vendor features to build the best B2B ecommerce platforms.
StoreHippo also helps in building an international B2B marketplace with native multilingual and multi-currency solutions. It also offers 60+ integrated payment gateways that can easily process large volume domestic and international orders. StoreHippo B2B marketplace solution comes with integrated logistics solutions and an inbuilt delivery boy module to help streamline fleet management.
The fully integrated StoreHippo platform allows B2B marketplaces to build innovative solutions by integrating with their chosen ERP, CRM, accounting, payment, logistics, marketing and any other software.
Ready to take your wholesale business online? Want to experience the cutting edge StoreHippo B2B marketplace solution? Explore StoreHippo by starting your 14-day free trial now!