In the recent past, many business to business (B2B) portals have emerged in the market offering more convenience for online buyers and sellers. But, what about the buyers or sellers who are new to the business portal? How would they profit through a B2B portal if they do not know the basic procedures and the tools to use in the online market? Well, the answer is pretty simple. They can learn the tools and processes over some time.
Investment for the B2B sector
The B2B eCommerce sector brings in more cash for eCommerce businesses, which results in higher investment for the B2B sector. Therefore, higher profits could only be possible if higher investments are made in the B2B portal. However, this does not imply that the personalization of the site is a prerequisite to making more profits. You can personalize your portal and make it look more user-friendly, but as far as the technical aspects are concerned, the site works the same way whether you customize it or not. It does not mean that a personal web page for your site is not required.
Personalization in b2c portals
It is difficult to find the best examples of personalization in b2c portals since many examples are available in the market. Some examples of personalization in eCommerce portals include the content management system (CMS), payment gateway, registration form, and the customer relationship management (CRM) tool. All these features are available in various versions of each B2B eCommerce site. However, it does not mean that the presence of these features in a particular site affects the overall quality of the site.
Consider the business potential
When you decide to go ahead with the investment of the B2B ecommerce portal, you need to take into consideration its business potential. The presence of the social media icons will give a more tangible link between the portal and the customers. This is essential for the success of any portal. However, the social media icons will also provide you with the latest information about the number of visitors to your site and the number of sales.
These social media icons along with the various other features of the portal will ensure that your business needs the right boost during the online shopping stage. Business needs to analyze various factors that impact the profit margin before investing in the B2B portal. Once the business needs are clear, then the investment can be made in the portal accordingly. However, you cannot personalize the portal without having a thorough knowledge of the business needs.
You should make a comparative analysis of the various portals available in the market and focus on the functionality and the features that are essential for your site. You should also consider the current trends in the industry and whether eCommerce is likely to grow or whether it is stagnant. Personalization of the sites will help you make the right choice and will ensure a smooth shopping process for your potential customers. So invest in the B2B eCommerce portal today and reap rich dividends later.