Advantage of b2b marketplace in Malaysia

 

B2B marketplace Malaysia

A marketplace is a single platform where sellers come together with their products. Buyers fulfill their needs on purchasing those products. From a broader perspective, marketplace means a kind of place where sellers come to sale their products to a stipulated customer base. The importance of market place lies in bringing the right customer to the right seller or vendor. These products can be of tangible and intangible in nature. Now, Malaysia, having huge potential in various businesses provide b2b marketplace in Malaysia.

There are three types of marketplace — business-to-business (B2B), business-to-customer (B2C), and peer-to-peer (P2P). Here will be discussing about b2b business directory Malaysia. Now first understand what is b2b marketplace? B2b the term means business to business, b2b marketplace refers to those marketspaces where the buyers are buying products from the seller, consuming and then resell those products to general customers with a profit margin. E.g. — suppose a buyer is buying cloths from the seller, and then stock purchased the cloths, change the labelling and finally resell the product to the direct customers, keeping a profit margin.

The main industries in Malaysia are electronics, rubber, palm oil processing, tourism, pharmaceuticals, timber processing, petroleum industry etc. Amongst all these, electronic and automotive industries are the biggest in all over Malaysia. In order to marketize these vast levels of products from different industries, need a proper marketplace. Therefore, the idea of b2b directory Malaysia is the best place for vendors and buyers. The main platform of b2b marketplace in Malaysia is online based. Having the facility online, the international buyers can easily access to the digitalized marketplace. Therefore, Malaysia is becoming highlighted in international marketplace. There are several online portals who are promoting b2b marketplace. The advantages of b2b marketplace are –

B2B marketplace Malaysia

· Advantage of the sellers — The sellers get huge platform to exhibit their products. Sellers from different industries, with different price ranges exhibit the products. It is such a vast platform they get like never before to marketize their products.

· Advantage of the buyers — The buyers gets their products in a single platform with reasonable price. Thus, they can resell these products with their own labelling and price tag, maintain their own profit margin.

· Advantage of the suppliers — B2b marketplace allows the suppliers to standardize how they can bring their products to marketplace.

Having all these advantages, Malaysia, being an industrial hub is using b2b marketplace rapidly.

With the above discussion we can come to this conclusion that b2b marketplace in Malaysia, is the fastest mode to reach out to international market and bring business at level best. This will throw a positive impact on the country’s GDP.

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