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Grow your business using B2B emarketplace ? Part II ECommerce Articles | May 24, 2004
... the right ... IT spending has been staying flat for the last several years, ... spending in ... is gaining ... ground and at present ... 20 perce


Selecting the right emarketplace

Although, IT spending has been staying flat for the last several
years Stephon Gilmore Patriots Jersey , corporate spending in e-business is gaining significant
ground and at present surpasses 20 percent of overall IT budget.

This means, more and more businesses are undertaking ecommerce
initiatives, and as a result increasing sales, streamlining
business processes and dramatically boosting productivity.

Most experts agree that average business, which is slow in
adopting e-business applications Tom Brady Patriots Jersey , risks loosing its competitive
edge to their more progressive rivals.

Emarketplaces provide with a great opportunity for small to
medium size companies to test online business for a minimal risk.
This is due to the factor that the e-business applications that
come along with an emarketplace membership package are
prohibitively expensive to develop in-house by most companies,
and require large professional workforce to operate. As an
example: product content development with required attributes,
suitable for e-business, itself might feel like a daunting task
for most offline companies.

So, as a company Julian Edelman Patriots Jersey , what should be your first step in starting
e-business through emarketplaces?

Naturally, out of hundreds of emarketplaces available today,
you have to find one that matches all your requirements.
Choosing right kind of emarketplace

In best case scenario, if yours is a large enough company,
you should build your private emarketplace with all the
necessary features specific to your business. The potential
of having your own emarketplace is amazing!

- Ecommerce will add value to your existing business
transactions
- Your present suppliers will be able to post most updated
information on their products via e-catalog and their
storefront
- You can build community from your present buyers and
supplier Authentic Jake Bailey Jersey , or invite members on the Internet
- Real time marketplace will allow you to take quick buying
and selling decision
- Both buyers and sellers can contact you through Instant
Messaging System
- Your entire supply chain process can be managed from one
place
- You can issue real time purchase tenders with either
limited access only to your community members or open to
public
- Sell your stock lots through online auction
- Brand you emarketplace and establish your company as a serious
online player within your Industry

However, as I mentioned earlier, if you are not a very big company,
you will probably be better off with a membership in an established
emarketplace.

If you are a manufacturer, wholesaler or a buyer of certain
industry specific products or services Authentic Hjalte Froholdt Jersey , your best choice would be
a vertical emarketplace that caters specially your industry. For
example: if you buy or sell fish, you should look for an emarketplace
port Authentic Yodny Cajuste Jersey , you should select
a global emarketplace, which has members from the countries you
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