Alibaba was initially launched as a marketplace for B2B buyers and suppliers to connect small Chinese businesses with global buyers and suppliers. As China’s export market boomed, China’s SMBs faced fierce competition and high transaction fees when trying to identify customers and suppliers.

B2B customers are more patient and better informed about the products they purchase. Because their purchases are larger and have a more significant impact on their business, this is why they act more slowly. B2C customers convert faster and are less knowledgeable about product differences.

B2B pricing is different – prices can vary for each buyer and every sale. The price is determined based on many factors and specifications. Each factor takes considerable time and increases selling costs.

B2B e-commerce allows for better management of customers and suppliers. … You will also be able to see what raw inventory you have and when it is due. Also, you will be able to track the order progress.

B2B is an online marketplace in which one business sells goods or services to another. B2B vendors can be wholesalers and distributors. These vendors often have clients that are companies that deliver to their end customers.