The need for a conservative business marketplace community
In an era of online marketplace like eBay and Amazon marketplace why need another marketplace? That is a reasonable question. Without doubt these giant companies have built a lion’s share of the online market. Besides, the retail giants like Walmart have also extended to online marketplace enhancing their business model.
Indisputably the largest among online marketplaces is the Amazon Marketplace today. In recent years they have overtaken eBay, one of the pioneers in the online marketplace. Amazon dominates the online space today. It gives them a commanding role. The cons of companies like Amazon marketplace is that they set the rules for the small businesses on their proprietary platform. Obviously, they prefer to sell their own products over the ones offered by small businesses on their marketplace. The small businesses have less say on the rules and criteria on giant platforms owned by large competitors.
SMBEx provides a marketplace infrastructure that gives community stakeholders the autonomy and independence to take responsibility for their own economic growth. SMBEx provides an additional channel on top of existing channels for small businesses. New customers acquisition costs are reduced considerably and also marketing costs.
Also there is a potential to reach a global market base.
For online customers SMBEx as a online community provides a convenient way to compare prices and products in one place.
SMBEx targets to grow conservative businesses through an online marketplace community for both buyers and sellers. Providing appropriate reviews of products and services motivates new customers to make purchase decisions. Another benefit for small businesses is that trading hours are eliminated for customers on SMBEx which means more business.
For business owners, SMBEx offers opportunities to establish new trading partnerships with remote suppliers, customers and across supply chains. Also small businesses can enjoy greater transparency with regard to availability of stock, prices and accessibility. Literally the online community can enable small businesses to operate round-the-clock. With minimal IT infrastructure small businesses can build instant credibility through a trusted community at SMBEx.com.
SMBEx marketplace has a competitive pricing structure for businesses listed compared to other similar sites. Moreover, the customers can earn loyalty rewards and points for every valid purchase.
Most online stores may impose restrictive terms and conditions in terms of how communication takes place between members. SMBEx provides several options for communication to ease the purchase process. SMBEx also provides more opportunities for businesses to brand their online presence. Most marketplaces are product focused while SMBEx is more service focused.
Last but not the least, SMBEx targets kingdom businesses and promotes social impact while generating profits towards sustainable business model practices. SMBEx is about serving people with a mission rather than serving items for the purpose of profit alone.