B2B,Portals,Transform,Internat business, insurance B2B Portals Transform International Trade to Simple Trade
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Everyentrepreneurs dream is to graduate from ones domestic trade level tointernational trade and thereby increase ones profit margins manifold. Untilfew years ago this remained as a distant dream, but today it has been made areality by the opportunities created by ingenious services provided by Businessto Business (B2B) web portals. B2Bs have a database of exporters and importersaround the globe and any legal business entity regardless of size can registerin these portals. These portals provide two types of memberships, freemembership and premium membership. Free membership is a trial version madeavailable to the trader to understand the functions of the portal. But thepremium membership gives maximum visibility and interactive facility to thetrader to divine the desired result in a short span of time. Historyshows us that international traders used to just leave their places with theirproducts or services, in search of new markets without any prior knowledge ofthe risks involved. Any such exploration in those days found success throughsheer luck and these expeditions were not without any shortcomings either. Theyincluded risks related to expenditure, time and most importantly, lives of thepeople involved in the whole exercise. Those days, even after making asuccessful landing in a foreign territory, the traders had to encounter variousissues like, language, socio-cultural differences and trading practices. As thecivilization evolved to the modernity of the present world, trading too gotorganized. With the deployment of modern trading practices in businesses aroundthe globe enabled each and every trader to speak the universal language of business. Thus the trader was further able to de-riskthe ill-effects of issues related to language, socio-cultural differences andtrading practices. Moreover, the traders were emancipated from the fears oflosing everything while foraying into new markets. Even though, the barriersfor international trade vanished one by one, a seller to find a suitable buyeror vice versa beyond ones market became a gargantuan task. During this period businessessurvived solely on the basis of self network and through market to marketpublicity programs which involved enormous expenditure. But B2Bportals revolutionized the way the world is doing business right now. They areemerging as the next growth engine of Information Technology. B2Bs are the onlyinteractive advertising tool and low cost trading tool available in the worldof business today. The leading B2B portals are with a vast database ofexporters and importers across the globe. B2Bs help especially small and mediumenterprises to showcase their products or/and services in the world stageeconomically. Skeptics ofB2Bs still use their self networks to do business, by completely overlookingthe expenditure, time and emotions incurred as a social obligation for thefavors rendered to their self networks in the course of time. But when you becomea premium member of a B2B, parties involved in the process only have to honorthe business relationship. Those who suspect the authenticity of leading B2Bportals either have used the services in the formative years of B2Bs existenceor have never used them at all. Therental of a city hoarding for a month will cost more than the subscriptionamount currently charged by any leading B2Bs per annum. The kind of responseone receives from such hoardings is subjected mainly to the place where it isdisplayed and various other factors. As a matter of fact, hoardings and similaradvertisement strategies make one to be in ones office in anticipation ofbusiness. On the contrary, the B2B portals premium memberships play dual role,one is that of the interest generated for ones products or/and servicesthrough the above strategies and the other is that one can approach the tradersin the related field without incurring any extra cost. Due to globalization,even domestic markets across the world, is becoming virtually an internationalmarket. To conclude, if a trader does not use the premium services of the B2Bs,it would be very difficult for one to survive in the prevailing competitive globalizedmarket.
B2B,Portals,Transform,Internat