Steps to launch your Achasoda.com Business
As a platform, we continue to develop services to help businesses do more and discover new opportunities.
Whether it’s sourcing from your mobile phone or contacting suppliers in their local language, turn to Achasoda.com for all your global business needs.
Achasoda.com brings you hundreds of millions of products in over 40 different major categories, including consumer electronics, machinery and apparel. Buyers for these products are located in 190+ countries and regions, and exchange hundreds of thousands of messages with suppliers on the platform each day.
Over the past decade, consumers constantly change the way they want to shop and merchants are trying to keep up. Shoppers fluidly search, compare, and buy from online sites, marketplaces, mobile apps, physical stores, and social sites. As innovative technology aids their journey, consumers are looking for remarkable experiences across these digital and physical touchpoints with brands.
Whether you’re looking to expand your brick and mortar business or just starting off, e-commerce selling has many advantages for a long-term strategy to win over customers. Business to Business (B2B) refers to the online exchange of products, services, or information between businesses.
Benefits of B2B E-Commerce Solutions
Purchasing supplies – By creating an online account for your business with supply stores you can purchase office supplies and equipment online and save time and money by automating the purchasing process.
Purchasing direct materials – These are materials that go into the production or manufacturing of your products. Establishing a relationship with a vendor and purchasing online may help reduce costs.
Selling products or services to new vendors – Having an online e-commerce presence opens up more opportunities to extend your reach and gather news vendors beyond your bricks and mortar offerings.
Leveraging your existing web presence – If you already have B2C operations, you can extend them to business clientele – perhaps by providing private areas for special pricing, delivery options, etc. However, this additional functionality is not trivial and could require rebuilding your online store at a significant cost.
Understand International Market
Market analysis is the most crucial element in every B2B business. In fact, regardless of being a B2B or B2C business, companies should understand that their business strategy is, in fact, no strategy at all if they fail to understand their target audience inside out. It is in this context that market analysis becomes all the more important.
The best way to go beyond the rat race and build a reputation of one’s own is by deep diving into market research. The latter makes it easier for businesses to push new ideas and annex new user bases – a top priority with any profit seeking entity.
Knowing what needs to be analysed
Identifying your target market
Understanding the market size
Knowing which market segment does your business fit into
Getting a clear picture on the exploitable market opportunities
Running a competitive analysis
Grasping the client’s voice
Often, it is seen that businesses confuse market analysis with marketing. Rather, it is market analysis which assesses the target audience, the level of competition involved, and provides a clear-cut marketing strategy for retailing a product. One popular tool which facilitates in-depth analysis of the market is the PEST analysis framework. This is basically a political, economic, socio-cultural, and technological analysis framework which derives questions important to the market potential and situation of the company. Though the level of importance is different for different businesses, this analysis throws up options based on how relevant it is for the organization.