4 Lessons For Ecommerce B2B Startups

The B2B ecommerce websites in India have undergone a massive transformation. From being non-existent and unknown to enabling full-fledged transactions – they have faced it all and yet the journey for them has just started.

If we recall, the first few B2B websites were simply a directory of suppliers and buyers wherein these sites promoted suppliers to list their products and details but the actual sales were always done offline. But as the technology took bigger leaps towards development, these sites became more sophisticated and evolved themselves drastically over time.

These led to increase in trading volumes and values, along with more user-friendly and simple to use customer interfaces. However, the past challenges such as discovery, lack of transparency continue as transactions were still offline.

Working with traders, wholesalers and manufacturers has helped in garnering some key lessons that must be learnt by the startups:

Quality Over Quantity

quality-over-quantity

We usually instantly think of volume business with massive discounts whenever ecommerce is talked about. Mostly because, we associate success with the total number of clicks and total number of customers.

However, this is where B2B ecommerce differs from B2C ecommerce. Evaluating your growth with just numbers of customers may not get you the revenue you are aiming at. The strategy should be to work by applying the 80-20 principle, where 80 per cent of the business comes from the top 20 per cent of the customers. This 20 per cent customer base should be nurtured and cared for.

Secure Online Transactions

secure-online-transactions

It is still preferable to deal in cash, here in India. Sometimes, the objective is to save tax, but often it is due to lack of easy to use and easy to refer electronic transfers. However, as an ecommerce firm, your buyers could be residing in any part of the country and hence the online transaction system becomes important element for growth.

Lack of a secure system would often mean slower business. While volume of online transactions is important, the overall coverage of the sector in the online transaction system should be the final goal.

Trust And Reliability

trust-and-reliability

Indian business runs on relationships and trust. There is a lot at stake for producers and buyers – hence one messed up transaction would mean that they will never come back to you again.

Because, as a producer if you won’t get your products sold, it would affect your storage and inventory. Likewise, for a buyer, his forward production planning will fail completely if the product does not match the description as mentioned on the site. As an ecommerce startup, you are therefore serving both ends of the spectrum constantly.

Timely Delivery And Strong Logistics

timely-delivery-and-strong-logistics

One of the key factors to build a long lasting marketplace is to create a strong logistics back-end. Building a strong third party network of service providers covering diverse geographies with requisite quality checks, will determine the success and failure of the venture.

The customers are always sensitive to price, but trust and comfort, established by quality customer service, plays a much higher role in a B2B transaction.

Pragyan Sharma
Content Writer at BuildaBazaar
A quiet person, likes to keep things to myself - well mostly. Have a passion for writing. Loves singing and playing Guitar. Reader. Dreamer. Wanderlust.

17 thoughts on “4 Lessons For Ecommerce B2B Startups

  • October 26, 2016 at 11:29 am
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    Good one! That’s a well written and informative article.

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  • October 26, 2016 at 2:58 pm
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    Agree to the point that Indian business run on relationship & trust. Gaining the trust of your customers plays a great impact on the business.

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  • October 26, 2016 at 3:25 pm
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    Logistics play a key role when it comes to e-commerce industry. More than the aspect of pricing, customers definitely prefer to shop where they can trust upon. Provding good logistic services will definitely make the marketplace comfortable for the customers to come back again.

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  • October 26, 2016 at 4:00 pm
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    That’s a really informative articles where all the major aspects to look up on for ecommerce B2B startups have been mentioned.

    Reply
  • October 26, 2016 at 4:19 pm
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    Providing safe and secured payment gateways will definitely build a level of trust towards the brand.

    Reply
  • October 28, 2016 at 11:45 am
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    Agree to the point Quality over Quantity. Providing quality products will definitely make the customers to comeback again and again.

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  • November 3, 2016 at 12:23 pm
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    That’s a nice article. Well- written and easy to understand for beginners in the E-commerce statrtup marketplace.

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  • November 3, 2016 at 1:53 pm
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    Thanks Pragyan and BuilaBazar, just going through and adding each of these to my NOTE..!!

    Reply
  • November 3, 2016 at 4:52 pm
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    Great article brother. Good for people who want to get their shop up and running fast don’t have time to learn a technology and deal with it’s headaches. 🙂

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  • November 4, 2016 at 2:36 pm
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    As always Simple & Detailed. 😀

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  • November 4, 2016 at 4:16 pm
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    Gr8 Article very informative – Well done Team.

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  • November 4, 2016 at 4:39 pm
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    Article worth to spend time on. Congrats to team BuildaBazar.

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  • November 5, 2016 at 3:16 am
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    Cheers.!! This team is doing a great job, Simply ozm.!

    Reply

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