Choose the Best B2B ECommerce Platforms For Your Business

1. Choose the Best B2B ECommerce Platforms For Your Business Are you a B2B retailer? Well, you will surely understand the importance of having the best B2B eCommerce platforms for your business. Even if you are selling to local clients or are aiming to conquer the global

2. market, the right eCommerce platform will be the backbone for the success and growth of your business. Is an ECommerce Platform Really The Need For B2B Businesses? Keeping pace with the digital transformations, B2B businesses are gradually shifting from the traditional o?ine approach to the online world. This substantial growth has made eCommerce technology the top game for B2B businesses. According to the market research: ● The B2B eCommerce transactions will be approximately $1.8 trillion by the 2023 year-end. This will be equivalent to around 17% of the B2B economy of the U.S. ● In the next 5 years, 75% of the major B2B procurement spending will be supported by eCommerce platforms. These statistics clearly indicate the importance of choosing the best eCommerce platform for B2B businesses. Moreover, the top B2B eCommerce platforms ensure better sales, higher revenue, customer engagement, improved brand awareness, and increased market reach.

3. The best B2B eCommerce platforms are really the need of the hour for the B2B SaaS market. Choosing The Best B2B ECommerce Platforms – The Common Challenges The B2B market is best known for its competition. The competition is even fiercer for choosing the best B2B eCommerce platforms as there are so many factors to consider. Moreover, the numerous choices of B2B eCommerce platforms, each with its benefits and drawbacks, further make the choice di?cult. Below are some of the common challenges faced when focusing on how to choose a B2B eCommerce platform suitable for the business. 1. Use of Old Technology: Most B2B retailers still struggle to deliver the best experience to their customers as they still rely on old technology. The resistance to change and adopt the new technology is nothing less than a barrier to the success of B2B platforms. 2. High Investment:

4. Traditionally, eCommerce projects demanded high investment. As a result, B2B businesses need to raise higher funds to get the desired benefits which are quite challenging, especially during turbulent times. This becomes even more challenging for startup B2B businesses. 3. Platform Restrictions: B2B businesses are more complex because of their business-specific requirements, both for the sellers and buyers. Thus, businesses need an eCommerce platform that o?ers easy and better control over the buyer experience with restricted control to authentic people. However, the restrictions and certain drawbacks of the platforms sometimes become a challenge to find the best eCommerce platform for B2B businesses. 4. Functionality and Scalability: While choosing from the best B2B eCommerce platforms, businesses should focus on a platform o?ering the best possibilities with di?erent functionalities and a scope of scalability. The chosen platform should support the business’s functional requirements and long-term growth. 5. Skill Shortage:

5. Last but not least, the shortage of the right talent to choose and manage eCommerce digital transformation is one of the most significant barriers. Businesses are even afraid to shift internal talent from the day-to-day operations to the required transformation. If you are also facing the same challenges to choose the suitable open source B2B eCommerce platform, we are here to help you choose the best B2B eCommerce platforms. Care enough to explore? What Factors To Consider While Choosing a B2B ECommerce Platform? How can you choose the right eCommerce platform for your business amongst the best B2B eCommerce platforms available in the market? Below are listed some of the factors you should consider:

6. 1. Type of B2B Business: The first and foremost thing you should consider while choosing the eCommerce platform is to understand what type of B2B business you are into. Your B2B business can be – ● B2B2C – Business to Business to Consumer ● Wholesale ● Manufacturer ● Distributor To ensure choosing the best eCommerce platform, you should have all the required insights into your business. 2. Budget for the B2B ECommerce Platform:

7. The next thing that shouldn’t be missed when choosing the best eCommerce platform for B2B business is the required budget. While you plan to leverage the benefits of the platform, it should never interrupt the day-to-day operations. You should have a well-planned strategy to finalize the right budget for the right B2B eCommerce platform. 3. Security: There isn’t any point in using an eCommerce B2B platform that isn’t secure. Security is amongst the top attractions for every customer when using an eCommerce platform. When and if the customers are satisfied with the safety of their sensitive information, they are more likely to choose your business. 4. Customization: Customization is another important factor that attracts merchants and customers to confirm business success. As a result, it should be a priority when choosing the most suitable platform amongst the top B2B eCommerce platforms. 5. Business Automation Features:

8. As the shortage of the right talent is one possible challenge for businesses, business automation features are one of the significant factors to consider. Assuring high manageability, the automation features improve customer experience and boost business productivity. Every business is unique with its specific workflow and functionalities. Thus, focusing on these factors will help businesses choose the best B2B eCommerce platforms with much ease and convenience. Must-Have Features Of The Best B2B ECommerce Platforms As businesses focus on how to choose a B2B eCommerce platform, they should not ignore the must-have features. Below are some of the essential features that the B2B eCommerce platform should o?er:

9. 1. Time and Cost E?ectiveness: The chosen B2B eCommerce platform should have the ability to manage to sell for both B2B and B2C needs. As both the selling is managed by the same platform, it ensures higher time and cost-e?ectiveness. 2. Global Selling: The best B2B eCommerce platforms should o?er multi-language support allowing businesses to leverage the benefits of global selling. This feature will help your business explore advanced selling opportunities in new markets. 3. Multiple Payment Options:

10. B2B eCommerce platform should ensure multiple flexible payment options to support its large volume flow and recurring orders. Multiple payment options are also important to support the global selling feature of the open source B2B eCommerce platform. Your customers should be able to complete the payment process at their convenience. 4. Order Management: Well, as you are attracting customers, you are expected to receive a lot of orders. Thus, the best eCommerce platform for B2B business should ensure seamless order management for better productivity and higher sales revenue. It is better if the chosen eCommerce platform supports additional features like customization, minimum order value, shipping regulations, etc. 5. Catalog Management: Displaying the required product information is often the most challenging task for B2B businesses. Thus, the best B2B eCommerce platforms should extend accessible catalog management services and functionalities to ensure organized business management.

11. 6. Convenience to Add New Channels: Considering omnichannel experience should be one of the significant requirements to choose an open source B2B eCommerce platform. Using its multi-channel approach, it ensures higher sales and better customer experience. With more and more B2B businesses shifting towards eCommerce platforms, you should be focused to find a platform that can be personalized to your business needs and requirements. Top B2B ECommerce Platforms You Can Choose: Many popular eCommerce platforms are thriving in the B2B business industry. Even the top B2B eCommerce platforms have their own pros and cons. Below are the top 3 best B2B eCommerce platforms that you can choose – 1. Shopify Plus:

12. O?ering its easy, convenient, and user-friendly interface, Shopify plus is one of the best choices for multi-channel businesses. It ensures enhancing the customer experience by o?ering them a wide range of functionalities and benefits. Pros ● User-friendly interface ● Easy customization ● Good for B2B and B2C, ● Better customer experience Cons ● Little Pricey 2. Magento Commerce, Now Adobe Commerce

13. Magento is the preferred choice for companies that plan to customize for higher scalability. It o?ers benefits like high security, multiple languages and currency support, promotions, simple checkout, etc. Pros ● High Security ● Excellent Customer Support ● User-Friendly Interface Cons ● Exclusive integrations 3. BigCommerce:

14. BigCommerce is one of the top popular SaaS eCommerce platforms for corporate brands. Thanks to its highly configurable APIs, this open source B2B eCommerce platform o?ers a wide range of functionalities to businesses. Pros ● High Durability ● Cost E?ectiveness ● Support Wide Functionalities Cons Limited Assistance Final Thoughts: While you plan to choose the best B2B eCommerce platforms, you should find answers to these potential questions –

15. ● What are the needs of these platforms? ● What current goals will be satisfied with these platforms? ● What will be the future potential of these platforms? Now that you have enough information on how to choose a B2B eCommerce platform, we hope it will narrow your search. The eCommerce platform is surely a profitable a?air for your business if you have chosen the right one. If you still have doubts about finding the best B2B eCommerce platforms, write to us in the comments. We look forward to helping you with all your concerns. Source Link - https://ecommercetrends.co/ecommerce/best-ecommerce-b2b-platform/ VISIT WEBSITE www.ecommercetrends.co