Our Founder & CEO, Shiv Agarwal knows a thing or two about doing business online. As Founder and CEO of “headless” eCommerce platform Fabric, Agarwal’s last company went on to raise nearly $300M, reaching “Unicorn” status early last year. Now he’s back with a new online platform, this time targeting the vast layer of suppliers and wholesalers that make and distribute the products that wind up on retailers’ shelves.
Foundation provides the only wholesale commerce platform for wholesalers to provide an exceptional online shopping experience to their customers.
Wholesale Partial Checkout
In the world of business-to-business (B2B) buying, customers often consider purchasing products from various vendors but may not be ready to place an order for all of them. This is also true in the world of eCommerce where buyers may have added items from multiple vendors to their shopping cart but may not be ready to checkout all of them. This means that some products cannot be ordered unless everything can be ordered at once. To address this issue, Foundation is offering a "Partial Checkout" option for buyers on Foundation-powered eCommerce storefronts.
What Can B2B Businesses Learn From B2C Businesses?
As we all know, marketing entails a broader variety of services, with the ultimate objective of sales. Marketing strategies employ two marketing models: business-to-business (B2B) and business-to-consumer (B2C). While both models' ultimate goal is sales, this does not make them identical. B2B is an abbreviation for Business to Business, and as the name implies, it is a commercial transaction in which business enterprises buy and sell business products and services. B2C, which stands for Business to Customer, is a business model in which the company sells its goods and services to the end consumers. Here are a few things that B2B marketers may learn from B2C marketers.
Rapid Digitization Drives B2B eCommerce During Pandemic
Digitization is no longer an option but a necessity, and firms who remain ahead of this transition – and seize this global B2B eCommerce opportunity – will be the next generation of market leaders. Many companies throughout the country were forced to discover new methods of working as the pandemic and stay-at-home orders took hold at the start of 2020. Small and medium-sized business-to-business (B2B) firms, who are not historically recognized for being early adopters of technology, had to act swiftly to take their enterprises online, and for many, it meant delivering their products and services through an eCommerce storefront.
Why Does Your Wholesale Business Need An eCommerce Site?
Wholesale eCommerce is gaining popularity as more conventional business-to-business (B2B) enterprises migrate to the web. This article will talk about the contemporary B2B buyer, the benefits of wholesale eCommerce, and what to look for in a wholesale eCommerce platform.
Wholesale e-Commerce: Benefits and Best Practices for B2B Sales
The B2B sales process traditionally relies on building long-term relationships, but the rise of e-commerce has created new opportunities for wholesalers. Wholesale e-commerce offers several benefits, including increased revenue, automated processes, data-driven decision making, and improved customer relationships. When selecting a wholesale e-commerce platform, it's important to consider budget, integrations, SEO capabilities, payment options, and other features. Best practices for B2B e-commerce include emphasizing security, streamlining the checkout process, providing detailed product information, using personalization, utilizing analytics, implementing customer service tools, and optimizing for mobile. By following these best practices, wholesalers can improve the customer experience, increase conversions, and drive growth.