The Internet has become a momentous link in our society. People from all over the globe utilize the Internet at unprecedented rates, and these numbers are continuing to rise as the 21st century progresses. Savvy sales leaders are learning how COVID-19 is changing and how B2B buyers and sellers interact. These sales leaders are learning how to adapt to the next norm.
There are numerous different types of online businesses that people run using their own computers, and one of the most lucrative of these enterprises is eCommerce. Ecommerce has been on the rise for the past few decades, and it is doing so because of the potential to make an excellent income, work from home, and the ability to be your own boss.
One of the most important first steps you will take is to choose what products to sell. While there are thousands of different types of products, one of the more profitable product types are power tools. Power tools can garner exceptional profits and can be sold to people all around the globe. These products are always high in demand, and this market segment will certainly enable you to earn a great living.
The importance of digital channels for B2B companies has significantly grown in the past few years, and further substantiated by the lockdown due to COVID-19 epidemic as clearly shown in the Mckinsey diagram. B2B customers also have had to shop like B2C customers by utilizing the internet by using click and collect when ordering or delivery if offered. This change in behavior is predicted to continue even though B2B customers like to engage with the sellers.
Buyers no longer are willing to accept less from their professional experience as B2B purchasers, they are accustomed to getting such a streamlined experience in their personal experience as a consumer, why should they?
As seen in this diagram taken from Mckinsey & Company.
This shift in the importance of digital interactions is reflected in customer behaviors. When researching products, customers’ preference for digitally-enabled sales interactions has jumped significantly, with suppliers’ mobile apps and social media or online communities showing their sharpest increase since 2019. Mobile apps are twice as important for researching products among Chinese buyers as they are for those in the UK or Germany.
Getting your website to be seen by as many consumers is a desirable but complex and challenging task. In order to facilitate an enhanced user experience, a company needs to implement a good eCommerce solution. Furthermore, an effective marketing approach is the key to running a successful eCommerce store and requires a reasonable investment of resources and technology. Utilizing a quality eCommerce platform and running a social media marketing campaign will ensure that consumers will find your site and will be sure to improve your business’ sales.
Currently, there are many existing businesses utilizing eCommerce sites that sell power tools. You will certainly not be the first eCommerce store selling power tools; however, that does not mean you will not make an outstanding income selling these products the right way. This is where SouqBox can help, the platform makes for a seamless transition from offline to online selling and trading. With functions such as fixed and negotiable pricing built-in, reviews you’re able to share on social media, and track your logistics all in one place. Any B2B trader can have a site up and running within 30 minutes.
Save time and money with SouqBox and get ahead of the trend. Expand your reach and revenue with SouqBox today.