Is Magento A Good Platform For B2B eCommerce Sellers ?

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Is Magento A Good Platform For B2B eCommerce
Sellers ?
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• Magento has been favourite for big and small
  ecommerce sellers, It is Open Source, PHP based
  eCommerce platform and it is the most powerful
  CMS and more than 2,50,000 active sites.
• Mid 2018 Adobe took over ownership of Magento to
  leverage the platforms strengths and make it
  bigger. Earlier it was for B2C ecommerce sellers
  but new magento 2 platform came up with features
  and functionality for B2B business.
• Here, In this blog, We will check some of the
  reasons why Magento is the right choice for B2B
  ecommerce businesses.

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• User-friendly
• When you are building an eCommerce store, It is
  required to have a user-friendly platform. There
  are many features that will make your website
  attractive and intuitive. Magento can be easily
  integrated with ERP systems or CMS to make
  product acquisition simple and smooth. It also
  offers smooth checkouts which is a bigger
  advantage for B2B customers.

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• Bulk Ordering Support
• B2B customers purchase the products in bulk
  compared to B2C customers so eCommerce websites
  must have bulk order processing features. Using
  Magento, Navigation of products are easy, advance
  filters to search products, Search by SKUs and in
  addition to that it allows customers to copy
  products from previous orders to make faster
  checkouts.

5

• Access to Business Financials In Real-Time
• Magento is giving real-time information about
  your trading account i.e Stock, Inventory,
  Available Credit Limit etc. You can use this real
  time data to make your business decision by
  keeping watch on assets and liabilities.

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• Efficiently Segment Customers
• In B2C each customer is different but in B2B it
  requires to define a segment of each B2B
  customer. By getting Magento Development Services
  from a trusted company, You can easily define
  groups of customers into different segments i.e
  Order history, Ordering quantity, Credit Limit,
  Frequency of Order etc.
• Which helps a customized buying experience to
  buyer and it easy to track buying behaviour of
  buyer from their purchase history so you can
  provide them attractive offers and discounts to
  convince them for next orders which will give
  boos on overall sales of your business.

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• Inbuilt Powerful Reports
• There are in-built reports available in Magento
  to keep track of performance of your
  organization.i.e Purchase Report, Sales Report,
  Procurement Report, Product Information Report to
  streamline your business process.
• Sales Analytics
• It is easy to track individual purchases as well
  as generate sales reports for week, month or
  quarter which can help you streamline your
  product inventory management.
• Sales analytics gives a clear picture of your
  sales to maintain proper cash flow of business as
  well as product inventory workflow which will
  help to avoid bad debts or poor inventory
  decisions.

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• Custom Quotes for Each Customer
• B2B sales contains many steps for completing the
  deal. Its not the same as B2C where a customer
  comes at your website, adds products to cart and
  Check out but in B2B sales is with bulk
  purchasing so it involves long negotiation
  between buyer and seller so custom quotation
  plays a big role for breaking the deal.
• Magento has inbuilt modules to generate
  customized quotations based on customers
  specific requirements which helps to increase
  sales revenue. Negotiation is a crucial part in
  B2B business so Magento understands this part and
  provides a smooth process for custom quotes and
  price negotiations.

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• Customer Service Modules To Increase Sales
• Magento offers some services like cross selling,
  up-selling, customized selling etc to help
  business owners to increase the sales. Customer
  service modules will help to keep track of
  customers and convert them into regular buyers.
• Create Custom Catalogs
• You can take help from Magento Ecommerce
  Development Company to customize product catalogs
  and product price list as per customer segments.
  I.e You can give better price and discount to
  regular buyers compared to first time buyers.

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• Inventory Management In Magento
• For B2B sellers inventory management or supply
  chain is very important in business so magento is
  providing automated business rules for order
  fulfillment. I.e You can set reordering rule, in
  which once stock quantity of products will reach
  to below certain level then it will automatically
  triggers email to supplier to send products for
  an inventory which will save time as well as
  right stocks of all products at right time so
  magento improves your day to day operations and
  streamline inventory management.

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• Magento B2B eCommerce The Best Choice For
  Sellers
• Magento eCommerce platform provides efficient and
  seamless buying experience to both B2B and B2C
  customers. If you are going to start your online
  eCommerce store then you can get benefits of the
  Magento platform to streamline your business or
  If you have already established magento eCommerce
  store, You can go with Magento 2 Migration and
  enjoy features and functionality of latest
  version.
• Source https//www.candidroot.com/blog/our-candid
  root-blog-1/post/is-magento-a-good-platform-for-b2
  b-ecommerce-sellers-73