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B2b transactions can enhance business growth

In the past, when there were few ways to reach people and get good responses, companies had to try their best to make their company known by individual people. Company has to reach individual customers to make their company recognized in the local market. With the increasing advancements in the field of technology like the internet has given a new platform to all the businesses. Business to Business, shortly referred as B2B, is a new concept which has evolved via the internet to provide convenience and fast communication to company irrespective of their size and scale of operations. B2B activities are not only confines to raw material or finished goods, but also to companies who provide services to other company. So many companies depend on outsourcing services which do not exist in reality, but, have a great virtual value therefore, B2B transaction give existence and scope to such companies.

 

Elements of B2B

 

B2B Portal: It is like a website which is open for companies dealing at primary levels of business. Companies involved in manufacturing, wholesale and retail can enter business news portal this portal and get them-selves listed on it. This portal is like a business hub providing several benefits to every business. Companies which have not yet entered the B2B portal should not waste much time and get registered today.

 

B2B Listings: It is like the stock exchange where every company gets listed to sell or purchase shares and other securities. But unlike the security market, B2B listing is open to companies who are looking to make trade relationship with other company. Every company takes a look at the profile and the offerings of the other company and if satisfied, it establishes communication with that company for further dealing.

 

B2B directory: This is like an online directory which not only provides you regional contact but, international contacts as well. This directory provides information about different companies and businesses in detail and helps them get deals through contacts, Company get trade leads through this and then, they try to convince the other companies to buy their products and services. Business to business transactions has shown a new way to companies to get global and learn new things ruling the market. Visit : http://www.cjmach.co.uk/