Continued from page 1
In order to conduct
selection process you must establish certain goal. Possible objectives for you should be to:
Generate sales Get access to a large numbers of buyers or sellers Find distributors and importers Enhance customer relationships through online tools Develop product awareness Extend market shares Conduct market research Streamline supply chain Automate selling process Adopt e-procurement
Your goal should combine several of these objectives.
In evaluating a B2B Exchange you also should consider whether it has following features, as these features are vital elements for any good B2B exchange.
1. Product catalog based on an industry-standard classification system 2. Product search capability within
marketplace and e-catalog 3. Directory of members 4. Product content adding and editing interface 5. Ability to promote products and services
Other key characteristics of a B2B exchange also include:
Simplicity Primary tools of
exchange should be easy to learn and use.
Significant membership base The quantity of members should be big enough, so that new participants can expand their business from
very first day.
Flexibility The Exchange should add new and modify existing tools according to
market need.
Neutrality The Exchange owners should be unbiased and maintain absolute neutrality. Providing an open and transparent market for all
participants is an important constituent of
value proposition of a B2B exchange. 2. Preparation
Participation in a B2B exchange in order to achieve successful result is a serious commitment. Study
exchange of your choice thoroughly. If they offer trial membership, subscribe! Spend time on learning
tools - how they work? Are they beneficial to you business?
Proper preparation will help you:
- saving money - making seamless adoption - increasing productivity right from
beginning - reaching your goals faster
However, poor preparation can get you into serious trouble.
- You may encounter higher costs - Productivity may suffer significantly - You even may be forced to abandon
whole idea
3. Adoption
The primary factors of company productivity are Revenue Increase and Cost Cutting. Both are easily achievable if you adopt a quality B2B exchange, train your stuffs to use it effectively, integrate exchanges various tools to your advantage and slowly but consistently make it one of your primary channels for buying and selling.
For more information on B2B exchanges or E-marketplace and how these Internet based platforms can help you, read other articles located at http://ezine.rusbiz.com/topic/2.html
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Nowshade Kabir is the founder, primary developer and present CEO of Rusbiz.com. A Ph. D. in Information Technology, he has wide experience in Business Consulting, International Trade and Web Marketing. Rusbiz is a Global B2B Emarketplace with solutions to start and run online business. You can contact him at mailto:nowshade[at]rusbiz.com