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Grow your Business with Emarketplace - Part III
Increase Company Productivity After years of hard work, finally your business started to pick up. You are selling more products then ever! You have lined up a good number of suppliers and buyers. Things have never been better than now. Except one thing! With rising sales your overhead and supply chain expenses are also sky-rocketing. Your profit margin is no longer the same as it used to be! You feel that you are in a limbo! How to increase productivity? How to cut costs without giving up sales? Sounds familiar to you? Well, your company is not alone! According to IDC, a research firm, while interviewed, overwhelming majority of the company executives claimed that their biggest concern is declining profit margins. Companies, in order to stay competitive, must find solutions to increase efficiency in business operations and control costs. Is there a solution to this ubiquitous problem? Remember Dorothy from the children classic "Wizard of the Oz"? She had to go through numerous obstacles in her quest to find a way to get back to Kansas, her home. Only to find out that the silver shoes that she was wearing from the very first day since the cyclone brought her to the Land of Oz could have taken her back home, all she had to do was to knock the heels together three times and command the shoes to carry her wherever she wished to go. Similar to this story, solutions to these corporate problems are widely available right under your nose, only you as a company executive have to overcome the fear of new technologies and adopt them to your own good. B2B exchanges or emarketplaces are capable of solving many key problems that corporations are facing today. Emarketplaces can provide immense opportunities to automate supply chain process, increase operational efficiency, reduce overhead costs and expand market at a minimal cost. Using emarketplace effectivelyTwo primary factors of company productivity are Revenue Increase and Cost Cutting. Both are achievable if a company seriously decides to incorporate emarketplace features in all aspects of business operations. That means if as a company you want to reap all the benefits of emarketplaces, you have to commit yourself seriously. Become a memberOnce you find an emarketplace that suits your requirement, the first thing what you have to do is to register and become a member. Most emarketplaces have different membership packages. Although, to check out the emarketplace - whether it is viable for your business or not - you might start with the free membership package, but once you are satisfied with your selection, to use the emarketplace to your advantage you should choose the package with most features and functions. Integrate your products to e-catalogIf you are a supplier, this is a very important step to take. Unless you have thousands of products to sell, this should not be a difficult task. All emarketplaces use either a form or wizard-based, not-so-complex and user-friendly product adding tool. Since e-catalogs that emarketplaces use are industry standard, once you aggregated you products, same information you will be able to use in other e-catalogs, emarketplaces and even in your own website. Apart from your own buyers other prospective customers from the emarketplace community are able to view your products in the e-catalog, which in turn will bring you new contacts and sales. Create products for sale offers You should create sales offer of your primary products that you carry most of the time and post them on the emarketplace. Many emarketplaces have options to sell products with different procedures. You can make offer to sell access inventories through dynamic market, also called auction, you can make hot offers with time limit, etc.This is an extra sales channel in the beginning, which might grow into your primary one! Involve your buyers and sellersIf you would like to use an emarketplace most effectively, youhave to get your suppliers and buyers on board too. Supply chain management solution that usually comes with an emarketplace allows you to reduce operational costs significantly. - Encourage your buyers to send request for quote for a product through the inbuilt system of the emarketplace. Complete adoption of an emarketplace will help a company gain numerous benefits. The following figures taken from various research notes emphasize the importance of e-marketplace in today's business world. - Thanks to emarketplace, companies can reduce purchase order processing cost from US $75 to less than US $10. B2B Emarketplace solutions are great opportunities The famous inventor Thomas Edison once told, "Opportunity is missed by most people because it is dressed in overalls and looks like work." Company executives are by no means afraid of hard work, but unfortunately many of them have colossal fear of high technology and because of this reluctant to explore new Internet-based technologies to their advantage. If you are one of them, be assured that knowledge required to adopt emarketplace to your business and manage it properly is easy to learn and implement. Nowshade Kabir is the founder, primary developer and present CEO of Rusbiz.com. A Ph. D. in Information Technology, he has wide experience in Business Consulting, International Trade and Web Marketing. Rusbiz is a Global B2B Emarketplace with solutions to start and run online business.You can contact him at mailto:nowshade[at]rusbiz.com, http://ezine.rusbiz.com, http://www.rusbiz.com
Latest News:Site: Yahoo! News Search Results for news [News] 5 O'Clock Shadow News you can't leave work without: Asamoah makes a deal News of record News of record reports for Chelan and Douglas counties Newport News police seek help on thefts from cars NEWPORT NEWS A rash of summer-night car break-ins and vandalism has police asking the public for help, and warning them to lock their vehicles. Newport News hit with rash of car break-ins NEWPORT NEWS -- Police are asking for help in solving a large number of car break-ins and vandalism cases in Newport News. According to police, 134 cases were reported in the area between J. Clyde Morris Blvd. and Oyster Point Road since June 1. Most of the incidents were between J. Clyde Morris and Middle Ground Blvd. and happened during the early evening hours. Police say many thefts happened ... NEWS ALERTS: Sign up to get breaking news on your mobile phone Get breaking local news as it happens. Enter your phone number: Standard Messaging Rates or other charges apply. To Opt-out text STOP to 4INFO (44636). For more information text HELP to 4INFO (44636). Contact your carrier for more details. Powered by 4INFO. Newport News police search for suspects in string of car thefts Newport News detectives are seeking assistance from the Community, in solving a large number of cases involving damage to, and larcenies from, cars. Newport News police seek information regarding larcenies and property damage NEWPORT NEWS -- Police are investigating 134 cases of damage to cars and larcenies from cars that occurred between June 1 and July 25, according to police. News in brief Here are a selection of brief news items from this week?s paper edition, and possibly a few news briefs that didn?t make it in the paper. Newport News townhouse damaged by fire NEWPORT NEWS A townhouse in the 1000 block of Willow Green Drive was damaged by fire this morning, fire officials said. One of the residents had minor burns to his hand, a Fire Department news release says. An off-duty city firefighter/medic helped evacuate the adjoining homes. News of the Past who has deep genealogical roots to Winston County, provides news from past editions of the Winston County Journal. The Winston County Board of Supervisors posted a notice of the new "Dog Law" which was passed in the July term. Site: news - Google News Arizona News Round Up - San Francisco Chronicle (blog)
MORE RESOURCES: Site: Yahoo! News Search Results for ecommerce Global eCommerce Service supports multilingual marketing. Global eCommerce service enables businesses to access markets and grow online sales in emerging countries. It offers 31 localized e-shops, 38 billing currencies, 33 payment options, and 12 customer service languages. Localized customer service, translation, and billing currency in Russian rubles, WebMoney, and Alipay for China are also featured. Within 72 hr timeframe, service can scale to ... Ecommerce is broken says Black Hat founder THE INQUIRER Black Hat 2010 Secure socket layer encryption isn't CyberDefender To Launch New eCommerce Platform Powered By MarketLive® LOS ANGELES & PETALUMA, Calif.----CyberDefender Corporation , a provider of Internet security software, utilities and Live PC Support services that work together to maximize online safety for consumers, today announced that it has entered into an agreement to deploy a new eCommerce platform from MarketLive designed to enhance customer engagement and drive customer acquisition and retention. PayPro eCommerce Solution Enhancements to Help Vendors Sell More Software Online PayPro EasyCommerce is improved to give software vendors more ways to manage online sales. Black Hat: Ecommerce is broken says Black Hat founder THE INQUIRER Secure socket layer encryption isn't Pure-Ecommerce.com Launches its First Ever Series of Health and Fitness Sites RESEARCH TRIANGLE PARK, N.C.----The health and fitness industry is one of the fastest growing industries online. From vitamins to workout wear the health industry online is fast approaching a billion dollar a year business. Ecommerce Use of Skype Remains Limited Remember when eBay owned Skype, and was making a push to get sellers to use it to meet shoppers face-to-face? That effort never took off, and eBay eventually sold a majority share to an investor group. OrderMotion's Connector for Magento eCommerce Platform Brings High-Volume Online Merchants a New Level of Sophistication BURLINGTON, Mass. & LOS ANGELES----OrderMotion, Inc., the leading Web-based platform for direct-to-consumer campaign and order management, along with Magento, Inc., the global ecommerce platform provider, today announced a strategic partnership along with the release of an extension for OrderMotion?s platform to interact directly with Magento. StayHIP? Named to Travel + Leisure?s Top Travel Apps for 2010 List TRAVELCLICK®, the leader in ecommerce solutions for the global hotel industry, along with Mobiata, the developer of today's best-selling travel applications, launched StayHIPTM less than three months ago. But it's already made it to the top, voted a Top Travel App for 2010 by Travel + Leisure (T+L). The first bookable app for boutique hotels, StayHIP is included as one of the two featured hotel ... Analysts define business value and imperatives for cloud-based B2B ecommerce trading communities As more services, applications, and data are developed for?and delivered via?cloud models, how do business to business (B2B) commerce and procurement adapt? Site: ecommerce - Google News CyberDefender To Launch New eCommerce Platform Powered By MarketLive(R) - MarketWatch (press release)
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