Home Business TOP 6 B2B SOURCING PLATFORMS THAT CAN HELP TO GROW YOUR REVENUE IN 2021

TOP 6 B2B SOURCING PLATFORMS THAT CAN HELP TO GROW YOUR REVENUE IN 2021

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The evolution of digital technology has changed the horizons of business in today’s world. Consumers and businesses no longer buy or sell the same way again. There is increased competition, and more supply and demand changes every day. New market demands have led to new technologies and online businesses. For every customer that wants to buy, there’s a company that wants to sell.

While the current trend of a B2B portal is no longer new, the evolution of technologies has changed the way they operate. Additional digital trading and branding features have replaced traditional outreach methods for connecting with specific buyers and sellers. Traders can easily import and export goods without going through the stress and pains of visiting other countries.

Here are 5 of the best and fastest growing B2B platforms that will help thousands of companies around the world increase their revenue in 2021:

2. Alibaba

Alibaba is one of the world’s leading B2B portals for online business. Founded by Jack Ma and Peng Lei some 20 years ago in China, the company is by far one of the oldest and largest online B2B platforms in the world, serving more than 35 million users. Alibaba has undoubtedly achieved a prominent place among many B2B platforms and offers a wide range of B2B services to clients around the world. 

Alibaba remains a convenient platform for B2B, B2C, C2C, and other business services. Apart from e-commerce activities, Alibaba also offers customers, mobile commerce, online money transfers, digital auctions, and digital shopping. Some of the unique features of Alibaba.com include a price comparison search engine, online payment services, and cloud data storage services. According to a 2017 survey, Alibaba generated and its subsidiaries generated a net income of $6.2 billion. 

With over 50,000 employees and billions of dollars in annual revenue, Alibaba is currently listed on the Hong Kong Stock Exchange and has 10 other associated companies or subsidiaries. They are: 

  • Alibaba International
  • AliExpress
  • Alipay
  • Alibaba China
  • Tmall
  • Taobao 
  • Juhuasuan
  • Aliyun
  • Alimama
  • China Smart Logistics

Alibaba’s escrow trading function is one of the luxuries of digital trading. With this feature, businesses no longer have to take the risk of paying large sums to import or export goods without a middleman.

3. EWorldTrade

EWorldTrade is a fast-growing B2B platform that has created a new and improved way for buyers and sellers to contact each other. With a rich experience in digital media and the provision of technological services, EWorldTrade is a subsidiary of Reckon Media LLC in the United States.

EWorldTrade is a well-established platform that offers a wide range of e-commerce services to customers around the world. With a rapidly expanding client database, this company helps users enjoy a wide range of reliable, trustworthy, and safe experiences. 

Whether it is B2B, B2C, C2C, or any other form of trading, EWorldTrade is a remarkable online trading platform that offers complete solutions for large-scale trading activities. EWorldTrade is one of the best platforms for lead generation and a leading B2B platform that connects potential buyers with sellers while promoting transparency and high-quality products.

This popular global B2B platform provides the perfect online marketplace where thousands of sellers, resellers, manufacturers, suppliers, and vendors sign up every day and meet their potential customers from all over the world. It also offers every user the opportunity to become a reseller of different products and services. This has proven beneficial for small businesses that are poised to globalize their business and increase their revenue in 2021.

4. Kinnek

Kinnek strives to connect SMEs with vendors who offer the products they need and provide them with affordable prices. The company is continually expanding its market into new frontiers and verticals.

Kinnek is a unique type of marketplace because it focuses more on buyers rather than sellers. Rather than asking vendors to list all of their available products, SMBs submit what they would like to buy, and then the platform connects with vendors who could help them.

Kinnek uses an algorithm to help determine which sellers are most likely to order the products and alerts them accordingly. Suppliers then provide information on the available items with their cost, so that buyers can choose from them. While this has created liquidity, it also means that customers are getting good prices.

5. TradeKey

TradeKey is a great B2B marketplace to connect suppliers with buyers.

This site offers three powerful services to its users: 

The offer to buy – People who are looking for a particular product, can reference it and initiate a request to the thousands of suppliers that are on this platform. Interested vendors will now make contact and offer their services.

The products – You will find a varied selection of products, distributed by categories of wholesalers, manufacturers, and factories seeking to export their products. 

The companies – They include companies where you can find a complete directory of manufacturers, distributors, and suppliers.

TradeKey also offers users the opportunity to become a reseller of its wholesalers, manufacturers, exporters, and other small and medium-sized companies where they can earn unlimited commissions. The platform also connects small and medium importers, exporters, and companies around the world who are interested in international trade.

TradeKey has proven to be a trusted online trading platform for global trading (whether importation or exportation). TradeKey has helped to reduce the gap between buyers and suppliers. Manufacturers and importers from more than 200 countries around the world have benefitted from its unique and powerful trade matching engine and effective promotion tools.

6. HKTDC

HKTDC stands for Hong Kong Trade Development Council. Developed in 1966 in Hong Kong, this B2B portal promotes products and services offered in Hong Kong. At HKTDC, buyers from all over the world can easily approach Hong Kong manufacturers, suppliers, or service providers. HKTDC covers more than 30 industries connecting 1.8 million buyers with 130,000 Hong Kong-based manufacturers and suppliers. It has 40 offices on 6 continents, 12 of them in China.

HKTDC is one of the largest B2B and B2C platforms for Hong Kong-based manufacturers and suppliers. It hosts more than 120,000 high-quality suppliers from Hong Kong, China, and throughout Asia. The platform also helps you identify trusted vendors by providing vendor references from outside organizations.

Features of HKTDC

Small Command Zone – This platform gives you greater flexibility in your investigation. You can check out thousands of authenticated vendors and buy quality products in fewer quantities. You can also compare prices and the minimum order quantity for instant contact and direct contact with suppliers regarding payments and deliveries.

Purchase Alert Service – If you cannot identify the correct vendor in the Small Command Zone, you can post your purchase alert for free. Thousands of their quality suppliers are ready to meet your needs.

Business Meetings – HKTDC also offers face-to-face business meetings between shortlisted buyers and suppliers at their various trade shows within the year. These buyer-supplier meetings have become a highly effective way to initiate and finalize business deals.

AladdinB2B

AladdinB2B is the best-of-breed delegate trade fair solution. Gain instant access to high-quality decision makers. Don’t find products for your customers, let’s find customers for your products!

The great team at AladdinB2B collectively arranges thousands of meetings to require place without interference. A lot of companies can provide technology, but what really sets us above our competition is our state of the art process that has been converted into scalable technology complemented by the human element.  By combining artificial and human intelligence, we’ve created a sensible Business Network. While our portal automated meeting agendas direct to clients, our call centre team followed up with reminders to clients beforehand and therefore the on-ground team was attentive in escorting them to their table to make sure the meetings were conveniently facilitated. We pride oneself in client experience to supply a world-class solution.

AladdinB2B’s calculated matching process sorts companies into specific subcategories to create a systemised selection process. Rather than general terms, we use detail to understand what both parties desire and what they offer. To make a potential match, specifics are required. This is how AladdinB2B creates highly qualified meetings for trade shows.

The beauty of organizing tens of thousands of meetings per annum gave us an excellent source of thousands of clients’ feedback to actively improve the Aladdin Software to suit the requirements of our clients. 

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