What is B2B?
B2B, which literally stands for “business-to-business”, is a newly-born business model for selling products as well as services. The special thing about B2B is that if a company operates based on the B2B model, it will have transactions with other companies, not the individual customers as in the conventional B2C (business-to-customer) model. B2B refers to a business that happens between companies, usually between manufacturers and a wholesaler or between a wholesaler and a retailer.
B2B transactions are mostly found in a traditional supply chain where companies have to buy raw materials or components to use in the manufacturing processes and the finished product will then be sold to individual customers through B2C transactions.
Apple, for example, has B2B partnerships with a company such as Intel or Panasonic or Micron Technology for semiconductors.
Why should your B2B business go online?
Before the exponential growth of eCommerce and digital marketing, most of the B2B transactions occur at the office where people hold face-to-face meetings, exchange business cards and discuss further details of the project. However, nowadays, it’s becoming more and more common for B2B transactions to happen online.
There are a number of outstanding reasons why B2B companies decide to move their business to the eCommerce platform.
You can enhance the customer’s experience
When you transform your business to B2B eCommerce, you have the chance to offer your clients similar experience to their B2C online shopping. This means that your customers will be able to enjoy all of the benefits of B2C eCommerce such as its simplicity; its convenience and its speed while still being provided with B2B products and services.
You can save time and improve accessibility
If your B2B Company is having some repeated deals with other companies, the B2B eCommerce solution will lubricate this process even more. Your clients won’t have to spend an additional amount of time meeting a salesperson face-to-face and discuss everything when they repurchase your products. An eCommerce platform will enable your business partners to purchase and repurchase products and services automatically and promptly.
Moreover, your company is given a stronger possibility of being discovered and exposed to a wider range of customers.
You can save money
It’s a fact that the majority of old B2B websites are not able to keep up with the changes and the requirements of current market demands and trends. For example, they are not mobile-friendly designed, which is a very big drawback, and most of them don’t have necessary functions such as chatbots. The expense of trying to maintain these outdated websites are definitely much more than the cost of creating a new eCommerce website.
Magento 2 is a brilliant platform if you are looking for an eCommerce solution for your B2B Company. With its scalability, mobile-friendly property and most importantly, Magento 2 B2B extensions that can help you to customize your site according to your wish, Magento 2 won’t let you down for choosing it.
What are the best B2B extensions to help your B2B eCommerce Marketplaces?
Magento 2 extensions play a fundamental and pivotal part, and it’s also the main reason why Magento 2 is such a successful and highly-appreciated platform when it comes to the eCommerce marketplace. For that reason, if you decide to move your business to the B2B eCommerce marketplace, it’s essential to know the best Magento 2 B2B extensions to help you function more smoothly and efficiently.
1. Magento 2 B2B Extension for Store Credit
In general, the function of this Magento 2 B2B extension is to help the refunding process easier and quicker for both sellers and customers. When you sell your products, it’s not uncommon to see the situation in which customers ask for a refund for some reason. When it happens, your revenue and even your reputation may be affected. Store Credit is created to solve this thorny problem for you. Specifically, it will help you turn inconvenient refund into new sales by refunding store credit to the customer account and encourage them to come back for ordering next time; hence increase customer loyalty and save time as well as effort for both sides.
Some of the extension’s basic features are:
- Earn and buy store credit with ease
- Use the credit to pay for products anytime
- Customers can decide how much to spend effortlessly
- Spend credit on tax and shipping fees easily
- Promote new clients by “Account opening rewards”
- Restore redeemed credit automatically when the order is refunded
- Accept refund transaction by offering credit refund
2. Magento 2 B2B Extension for Customer Quotation
The customers who come to you to buy B2B products will almost never be satisfied with the online price right away. They will contact you via email or some other communication channels for the quotation of big orders.
With this Magento 2 B2B extension for customer quotation, you can negotiate prices with your clients easier and much more convenient. Your customers can send you the price along with the quantity they want to buy, and the administrators are free to adjust it from the backend and update on the negotiation as soon as possible.
You can save time and effort for both sides by utilizing these B2B extensions on your website.
To facilitate the process, these features are designed for you:
- Admin adjust the price for all items in the quote
- Ajax add to quote
- Easy To Use Add to Quote
- Add Note/Comment For Each Product
- Automate Request For Quote Process
- Easy to Check Quote Request Process
- Easily Enable/Disable Quotation Section For Each Product
- Enter custom prices per product
- Customer Relationship Management (CRM)
- Create Quote In The Backend
- Add Tax for Quote
3. Magento 2 B2B Extension for Hiding Price
The overall purpose of this B2B extension for Magento 2 is to encourage the customers to take further actions such as registering or signing in by hiding the price of the products. It’s great for not only B2B but also B2C business. By installing this, you are able to customize the “Add to cart” button by offering a solution for seeing the price for guests or not-log-in visitors to your eCommerce site.
This Magento 2 B2B extension comes with these highlighted features:
- Hide Price for Specific Product or Multiple Products At Once
- Hide prices from guest customers
- Hide prices from certain groups of customers
- Display customized messages instead of “Add to Cart
- Choose to Display on Specific Store view.
- Customized Message: Support Magento2 shortcode, widgets
- Hide Price for Specific products
- Create unlimited Call Hide Price profile
- Catalog Rule: Add multiple conditions
- Add new widgets: Contact Form, Login Form
- Hide price on all pages
4. Magento 2 B2B Extension for Preordering
If you are losing customers because the products you’re selling are out of stock or not yet arrive, Magento B2B extension for preorder is a smart solution for you.
This B2B extension, generally, will allow you to sell products even though they’re out of stock or not available for immediate purchase due to some reason. Moreover, your customers can also get notification whenever the product is ready for sales again. With this extension, you can maintain and even boost your sales even when the products are not ready for instant delivery to the customers.
The B2B extension comes with these features:
- Customer can preorder upcoming products & Out of Stock Products
- Replace ‘Add to Cart’ button with ‘Pre-order’ one both on product & category pages
- Pre-order Message on Product Page
- Notice Pre-order products on customer’s account
- Customer can pay a full or partial payment
- Automatic ‘Product is back’, ‘Back in Stock’ notifications
- Set a custom message to display on the preorder product page
- Use a pre-order function for simple, grouped or bundle products
- Admin can set preorder status and availability date
- Automatic Email Notification
- Fully Customizable
5. Magento 2 B2B Extension for Customer Attributes
Since every business is different from each other, you might consider having more fields in addition to those provided by the system in default to make your Magento 2 store’s sign-up page more appealing and informative.
With this B2B extension for Magento 2, you are able to create different attributes easily as well as add and edit attribute to specific pages such as Customer Account Page, Checkout Page, and Customer Registration Page without the help of any developer. It supports more than 9 different field types such as radio button, checkboxes, text fields, text field, text area, multiple lines, date, dropdown, multi-select, yes/no option, file(attachment) and image file. Therefore, you can rest assured knowing that you can customize freely to manage a product in a way that is most convenient for you.
The Magento 2 B2B Extensions for Customer Attributes has these special features that you should consider:
- Create new attributes with ease
- Add information in the registration form
- Information can be displayed and edited easily
- Manage attribute options & label for each store view
- Set a default value for the attributes
- Allow different input validation for attributes
- Allow attributes to show on Manage Customer Grid
- Add the attributes to the filter options in Manage Customer Grid
- Set the attributes on search results in Manage Customer Grid
- Create new customer attributes with different field types
- Display all custom attributes on the customer account dashboard
Conclusion
To conclude, you can use this list of 5 best Magento 2 B2B extensions for navigating and referencing if you’re still new to the field of eCommerce. With this list, you can save a lot of time and effort wandering around with no specific purpose in mind and get straight to the point with these provided useful reviews.
You must be logged in to post a comment Login