Kodewin- b2b online marketplace

The growth in the demand for the goods and services has compelled the business owners to opt for other substitutes to carry out their merchandising. Years have witnessed that the business owners have been searching for the best and the easiest mode of doing businesses. The affinity of the business owners towards a specific sort of doing business to earn more profit has been prolific. What has been teasing the offline mode of the business process is the growing popularity of the online mode of business processes.

The essence of business lies in the selling of products and making a profit. Therefore, the business owners make sure that they have the widest customer base. The wide customer base enables the businesses to make more profit by selling the products to the larger number of potential customers. Such business owners take help of the B2B online marketplace. They have their products sold at the online market.

However, what many of the business owners believe is that the online marketplace is an untapped opportunity and need to be explored on a larger frame. However, this is not true. The growing popularity of the B2B marketplace has made it popular amongst the sellers as well as the buyers. The popularity of the B2B platform has been because of the accessibility and advantages being provided by the online marketplace.

Difference between B2B and B2C Marketplace

Two types of marketplace are common and are available to the customers. Before directly jumping into the categorisation it is necessary to know the line of difference between the B2B marketplace and the B2C marketplace.

On one hand, where B2C marketplace connects a business seller to the customer; on the other hand, B2B marketplace connects business sellers to the buyers who are themselves the business owners.

While both of the platforms help to connect multiple sellers to multiple buyers, but the points of differences where B2B differs from B2C are as follows-

In B2B online marketplace, the orders can be placed in bulk.

The buyers get the opportunity to edit the list of the placement of the order placement.

The buyers get the discounts as applicable on the bulk purchase of the products

In case of buying industrial products online, the buyers are given the freedom to make payment for the purchase via different modes- fund transfer, cheque payment, or bank transfer

Advantages of Choosing B2B Platform

The B2B platform has several advantages and this is the main reason that is held responsible for ensuring that platform is popular amongst both the buyers and the sellers. From the buyers’ point of view, such platform is of greatest. On one hand, the buyers get the opportunity to choose the best suitable product from the group of sellers and an ocean of products. Thus, the option available to the buyer is more.

Conclusion

Selling products online can be trickier than you can think. If you are a beginner, it could be a daunting job for you. Sometimes, it appears as a serious matter for the oldbies when clearing the excess stock is come into being. Well, it is difficult to sell the inventory liquidate if you are not aware of the fundamentals of inventory management that help you cleaning the dead stocks soon.

Stocking excess inventory is the most common problem of all retailers. When the products that are not in demand becomes a dead stock it create hazard in many ways. The most problematic part is it occupies a lot of space in the warehouse and perhaps the retailers have to count money to reserve the space. Also the sellers have to go through the mental pressure because they are going to lose a lot of revenue if the product would not be sold. And they get a solution to sell them at a loose. On the other hand, putting these products online can be effective and according to the reports, no retailers sell their dead stocks by making losses online.

Here are some effective tips and tricks to get rid of the excess stock.

Implement an online inventory tool

First, get enough knowledge about your stock excess. You may make a list on the entire detail of your dead stocks that you have in your hand at that moment. Today, the cloud-based inventory system becomes so easy to the retailers that they can put their stock excess on multiple online platforms. Once you complete the list of your dead stocks, this is the time to target the right buyers and then put the inventory online.

Create an urgency

Creating an urgency among the buyers may solve the problem a bit. Yes, you have that level of urgency to sell your dead stocks, but make sure that the buyers have that importance to get the products. It is a kind of trick that you have to apply on any B2B online marketplace that you choose. You can post the products with the tagline- “only 3-4 products are left” or place a time limit, or highlight the cost saving amount.

List on marketplace

Choosing the right platform is important. Amazon, eBay are some of the blissful B2B marketplace online that are the most reliable to put the products. Also, you can try some local platform like Kodewin. Therefore, listing your inventories on these sites help you get quick sale of the products.

Offer free shipping

Shipping products are standard now. Make sure that the product that you showcase on the B2B platform all are shipping free and you send those to the customers as soon as possible after placing the order.

A B2B online marketplace is a place where the businesses sale their products to other businesses. Now, it may not always be a relationship or business dealing between the manufacturer and the wholesalers. It may be the relationship between the wholesaler and the retailer, manufacturer and the retailers as well. A B2B marketplace is not something where the sellers and buyers deal online but there, people also finds a place to sale the excess stocks as well. In order to sell the excess stocks, people need to know what these excess stocks are and how they can utilize them. Usually, it is the matter between the wholesaler and the manufacturer.

Here you need to know one thing. The nature of the B2B marketplace is always changing. It is true that the B2B online marketplace is not as popular as the B2C marketplaces, as the B2C deals with the customers directly while the B2B deals with the marketers and the manufacturers. Here, in B2B marketplace, the excess stocks can also find their places as well.

Here you need to know one factor that as the Ecommerce is playing a crucial part, B2B marketplace is gradually gaining its momentum. Over the period, the B2B marketplace has gained the attention of the more marketers.

Now, come to the fact of excess stocks. You need to know what the excess stocks are when it comes to the inventories. The inventories come from the company products for sure but along with that, there comes the rejected goods, the returns from the clients and the customers and many more. The basic reason for the excess stock is wrong forecasting. A wrong forecasting can pile up the excess stocks in the inventory. It commonly happens for the manufacturers, as well as for the wholesalers as well. However, here you can take a look at the matters or the reasons behind the excess stock –

·   Returns from the customers.

·   Wrong forecasting regarding the market.

·   Bulk purchase for having a better price.

·   Poor quality of stock managing.

·   Certain changes in the market conditions, which is common for all kinds of markets.

·   Certain changes in the designs or different sorts of specifications of the products.

·   Relocation.

These are the main reasons for which, not only the manufacturers but also the wholesalers and other bulk buyers face the same problem with the excess inventory or excess stocks. Sometimes the excess stock becomes so large that it becomes difficult to cope up with it.

Our Services

Benefits to You, the Supplier

Suppliers upload inventory as required to post items for sale on the Kodewin.com website ​

Inventory is posted for a short term ​

15% commission charged on items sold

Buyers can see your inventory and make purchases

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