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Actual for You - Grow Your Business Using B2B Emarketplace - Part I
There are a few things you must do.First, save enough money so that you can invest in your online business. There is nothing worst than trying to make money with no money to make money.Second, you must outline a step-based detailed plan, how much each step will cost you, and how you will execute each step.Third, start your business but keep your daytime job. But only until your income from your business passes the income you were getting from your job.Fourth, Once your business income finally passes your job income, go ahead and give your job a two weeks notice. This works in two ways: 1. it is just being polite and 2. you still have something to fall back on just in case something goes wrong in your online business...which leads to...Fifth, Back up all of your files in case of hackers, virus, spyware, etc...Basically, anything that can crash you business. Having backup files will save you from total bankruptcy.And lastly, Make a plan to continue to grow and expand your business so that you can make a living out of working from home for the rest of your life.The cho
What to look in an Emarketplace?
As an online venue, where participants expect to conduct substantial part of their business processes, emarketplace has a large range of useful features:
- Product catalog based on an industry-standard classification system
- Product search capability within the marketplace and e-catalog
- Buyers and sellers search capabilities
- Supply chain process, i.e. request for quote, quotation, purchase order, billing system, etc.
- Directory of members
- Shipment tracking
- Simple system of adding and editing products
- Simple offer posting system
- Ability to promote products with special offers, sales, and discount
Apart from these, some emarketplaces boast other interesting features like auction and reverse auction, new product listing notification, business forum, XML interface, Internal messaging system. Naturally, implementation of these features may vary significantly emarketplace to emarketplace.
Where to look for Emarketplace?
The best place to find an extensive list of emarketplaces is the B2B directory site: http://www.bocat.com.
The open directory project DMOZ has a good list of emarketplaces. However, not all listings in both of these places are, in reality, emarketplaces. Some of them are simple trade boards. This list is located at http:
Disadvantages of Resume SoftwareFormat A large majority of software requires the use of their format; most commonly using the chronological resume style. While the chronological style is certainly the most traditional manner to write a resume, it is not always advantageous for everyone. The chronological style resume focuses on work history. Individuals who are changing jobs may prefer to emphasize their skills instead, which a chronological resume format will not allow.Limited Options Resume software provides limited options and does not allow the user the freedom to express their own unique style and personality. This can be critical in today's competitive job market. Job seekers need every edge available to them when submitting their resumes with hundreds of similar resumes.Personal Copy Some software will not allow the user the option of saving their work and using it again, particularly if it is one of the free resume on-line varieties. This creates a situation where the user does not possess a copy of their resume; a real disadvantage.Canned Resumes produced wi
Research firm eMarketer predicts that worldwide B2B ecommerce revenues will surpass US$ 1.4 trillion by the end of 2003. In the United States alone revenues will total US$ 721 billion. By 2004, the US B2B ecommerce revenues are expected to reach US$ 1.01 trillion and studies show that a significant portion of these transactions will be conducted through emarketplaces.
What is an Emarketplace?
In a broader sense, business to business emarketplace is an online platform where buyers and sellers come to communicate, collaborate and make business transactions. Emarketplace caters a large number of participant companies as a community. The main objective of an emarketplace is to create a venue, filled with features that allow members to efficiently conduct significant portion of business processes on the Net. Emarketplaces are also known as B2B exchanges.
Types of Emarketplaces
There are varieties of emarketplaces available on the Internet to suit your company's specific need.
Public:
These emarketplaces are open to all companies. Virtually,
anybody can become a member and conduct business through these
marketplaces.
Private:
Membership is restricted and owners of the marketplace
decide according to which criteria they will select participants.
For example: a large trading company can have its own
emarketplace limited to its buyers or suppliers only.
Horizontal:
If the emarketplace works with a large numbers of
products and services from different industries, it is called a
horizontal marketplace.
Vertical:
Industry specific emarketplaces are called vertical
markets. An emarketplace, working solely with suppliers and
buyers of cars is an example of this kind of marketplace.
Can your company benefit from an Emarketplace?
Whether you are primarily a buyer or a supplier, participation in emarketplace can generate enormous benefits to your company - both in cost savings and productivity increase.
Benefits that you can have as a buyer
Automate the purchasing procedure
Emarketplaces allow you to send request for quotes to a
prospective supplier, receive quotes, send purchase orders and
receive invoices within the marketplace system. You can
virtually consolidate all your procurement processes in one
single place. This process of automation brings significant
efficiency to you and saves your transaction processing cost.
According to Aberdeen Group, a research company, thanks to B2B
procurement systems, businesses can reduce these processing
costs up to 70%.
Comparison shopping at its best
Since you can see all the suppliers of a particular product,
that you are planning to buy, in one place, it is easy for you
to see which one among the suppliers suits you best in terms
of quality, delivery time, geographical location, costs etc.
Reduce sourcing time cycle
Most emarketplaces allow you to select multiple offers from
different suppliers and create purchase orders in one shot and
send. Since you handle all your procurement related correspondence
from a consolidated working page, you can see right away answers
to requests for quote, invoices, etc. This helps you react
instantly and reduce you time in document processing.
Community participation
You can receive valuable feedbacks from other fellow buyers,
receive industry-related information, build new partnerships and
use the networking ability of a community.
Real time access to current product information
Current information of a product is vital for an accurate buying
decision. 24 hours access to supplier's catalog helps you getting
most up-to-date information any time you need it.
Control rogue spending
Consolidated and automated procurement and approval method stops
maverick buying in a company.
Benefit that you can have as a seller
New sales channel
By becoming a member of an emarketplace, you open a low cost,
highly functional and easy-to-use sales channel for your company.
You expose your company to a new targeted audience that otherwise
would have been untapped to you.
Low customer acquisition cost
Your mere presence in the emarketplace might bring you new
customers. Since the buyers come to emarketplace themselves your
cost of getting customers through this channel is relatively low
in comparison to other traditional channels.
Improve customer service
Ability to have constant interaction through the emarketplace
allows you to serve your customers better. You can track the whole
ordering process from payment to delivery and bring greater
efficiency in customer service.
Efficient information sharing method
When needed, you can instantly update your catalog and inform your
customers about changes. Whether you are launching a new product
or having a web seminar, through emarketplace you can share the
information more efficiently.
Reduce supply chain cost
According to eMarketer, automated supply chain process through
emarketplaces can reduce your overhead costs 20% to 40%.
You may ask, if participation in an emarketplace is so beneficial, why companies are not flocking to emarketplaces.
The slower adoption can be blamed on various inadvertent factors:
- Many companies had fall short to generate significant sales from their own websites and look at emarketplaces with a dose of skepticism. But as studies show ecommerce endeavors fail, mainly, due to lack of proper planning and marketing, as many site managers take the attitude that build-it-and-they-will-come.
- Many conservative suppliers claim that their business depends on close relationship with local buyers. In reality, you can also get access to local untapped market through emarketplaces. Another aspect - you can bring efficiency to your business by co-adopting an emarketplace along with your buyers.
- Many elderly executives are not very tech-savvy and afraid of adopting new technologies considering them too complex. In reality, e-business is virtual implementation of real life business processes and not very difficult to embrace.
- Fear of price shopping by buyers is another factor, why suppliers are reluctant to use emarketplaces. The ability of emarketplace to emphasize all characteristics of the product in product content and demonstrate buyer-specific pricing should eliminate this fear.
- Many, mistakenly, consider that participation cost in emarketplace is very high and will hurt their bottom line. The expenses related to emarketplace membership are, usually, a mere fraction of what you can save from the use of its different features.
What to look in an Emarketplace?
As an online venue, where participants expect to conduct substantial part of their business processes, emarketplace has a large range of useful features:
- Product catalog based on an industry-standard classification system
- Product search capability within the marketplace and e-catalog
- Buyers and sellers search capabilities
- Supply chain process, i.e. request for quote, quotation, purchase order, billing system, etc.
- Directory of members
- Shipment tracking
- Simple system of adding and editing products
- Simple offer posting system
- Ability to promote products with special offers, sales, and discount
Apart from these, some emarketplaces boast other interesting features like auction and reverse auction, new product listing notification, business forum, XML interface, Internal messaging system. Naturally, implementation of these features may vary significantly emarketplace to emarketplace.
Where to look for Emarketplace?
The best place to find an extensive list of emarketplaces is the B2B directory site: http://www.bocat.com.
The open directory project DMOZ has a good list of emarketplaces. However, not all listings in both of these places are, in reality, emarketplaces. Some of them are simple trade boards. This list is located at http:/
What do you need in your blog? As I see it, you've got 3 objectives - to get traffic, to get names and emails to build a list, and, of course, to make money. Let me show you how to do this. It's as simple as can be.Of course, first you'll need a blog. You can sign up to use Blogger or WordPress. Then you’ll need to come up with some content based around your business or interests. What do you include? Show your personality, put up some pictures if you’d like. I recommend writing just as you speak. Start typing away just as you would talk; keep it informal. Also, keep in mind what you write now may be on your blog for years to come and read by others. So you may also want some posts to be timeless. Just remember that. You should also write as a personal consultant or expert on your topic.Second, create a lead capture form on the home page of your blog. You can do this by using an email autoresponder program like GetRepsonse or AWeber. You may have to pay to sign up but it’s worth it. Definitely worth it. This helps you manage your list and you can send out emails to your list whenever you like. It's l
Vertical:
Industry specific emarketplaces are called vertical
markets. An emarketplace, working solely with suppliers and
buyers of cars is an example of this kind of marketplace.
Can your company benefit from an Emarketplace?
Whether you are primarily a buyer or a supplier, participation in emarketplace can generate enormous benefits to your company - both in cost savings and productivity increase.
Benefits that you can have as a buyer
Automate the purchasing procedure
Emarketplaces allow you to send request for quotes to a
prospective supplier, receive quotes, send purchase orders and
receive invoices within the marketplace system. You can
virtually consolidate all your procurement processes in one
single place. This process of automation brings significant
efficiency to you and saves your transaction processing cost.
According to Aberdeen Group, a research company, thanks to B2B
procurement systems, businesses can reduce these processing
costs up to 70%.
Comparison shopping at its best
Since you can see all the suppliers of a particular product,
that you are planning to buy, in one place, it is easy for you
to see which one among the suppliers suits you best in terms
of quality, delivery time, geographical location, costs etc.
Reduce sourcing time cycle
Most emarketplaces allow you to select multiple offers from
different suppliers and create purchase orders in one shot and
send. Since you handle all your procurement related correspondence
from a consolidated working page, you can see right away answers
to requests for quote, invoices, etc. This helps you react
instantly and reduce you time in document processing.
Community participation
You can receive valuable feedbacks from other fellow buyers,
receive industry-related information, build new partnerships and
use the networking ability of a community.
Real time access to current product information
Current information of a product is vital for an accurate buying
decision. 24 hours access to supplier's catalog helps you getting
most up-to-date information any time you need it.
Control rogue spending
Consolidated and automated procurement and approval method stops
maverick buying in a company.
Benefit that you can have as a seller
New sales channel
By becoming a member of an emarketplace, you open a low cost,
highly functional and easy-to-use sales channel for your company.
You expose your company to a new targeted audience that otherwise
would have been untapped to you.
Low customer acquisition cost
Your mere presence in the emarketplace might bring you new
customers. Since the buyers come to emarketplace themselves your
cost of getting customers through this channel is relatively low
in comparison to other traditional channels.
Improve customer service
Ability to have constant interaction through the emarketplace
allows you to serve your customers better. You can track the whole
ordering process from payment to delivery and bring greater
efficiency in customer service.
Efficient information sharing method
When needed, you can instantly update your catalog and inform your
customers about changes. Whether you are launching a new product
or having a web seminar, through emarketplace you can share the
information more efficiently.
Reduce supply chain cost
According to eMarketer, automated supply chain process through
emarketplaces can reduce your overhead costs 20% to 40%.
You may ask, if participation in an emarketplace is so beneficial, why companies are not flocking to emarketplaces.
The slower adoption can be blamed on various inadvertent factors:
- Many companies had fall short to generate significant sales from their own websites and look at emarketplaces with a dose of skepticism. But as studies show ecommerce endeavors fail, mainly, due to lack of proper planning and marketing, as many site managers take the attitude that build-it-and-they-will-come.
- Many conservative suppliers claim that their business depends on close relationship with local buyers. In reality, you can also get access to local untapped market through emarketplaces. Another aspect - you can bring efficiency to your business by co-adopting an emarketplace along with your buyers.
- Many elderly executives are not very tech-savvy and afraid of adopting new technologies considering them too complex. In reality, e-business is virtual implementation of real life business processes and not very difficult to embrace.
- Fear of price shopping by buyers is another factor, why suppliers are reluctant to use emarketplaces. The ability of emarketplace to emphasize all characteristics of the product in product content and demonstrate buyer-specific pricing should eliminate this fear.
- Many, mistakenly, consider that participation cost in emarketplace is very high and will hurt their bottom line. The expenses related to emarketplace membership are, usually, a mere fraction of what you can save from the use of its different features.
What to look in an Emarketplace?
As an online venue, where participants expect to conduct substantial part of their business processes, emarketplace has a large range of useful features:
- Product catalog based on an industry-standard classification system
- Product search capability within the marketplace and e-catalog
- Buyers and sellers search capabilities
- Supply chain process, i.e. request for quote, quotation, purchase order, billing system, etc.
- Directory of members
- Shipment tracking
- Simple system of adding and editing products
- Simple offer posting system
- Ability to promote products with special offers, sales, and discount
Apart from these, some emarketplaces boast other interesting features like auction and reverse auction, new product listing notification, business forum, XML interface, Internal messaging system. Naturally, implementation of these features may vary significantly emarketplace to emarketplace.
Where to look for Emarketplace?
The best place to find an extensive list of emarketplaces is the B2B directory site: http://www.bocat.com.
The open directory project DMOZ has a good list of emarketplaces. However, not all listings in both of these places are, in reality, emarketplaces. Some of them are simple trade boards. This list is located at http:
Localization, in a general sense, means to adapt a particular service to a different culture or many different cultures. It is one of the methods used by businesses to expand into other countries. Localization helps to build trust.The first traces of localization can be seen over fifty years ago when globalization began. Companies coming out of the Great Depression had to build up their reserves and decided to set up branches in other countries. It was impossible to do business in a foreign land without first adapting to the culture. Thus, these multinational companies began reworking their strategies, converting currencies, changing languages in advertisements, etc. - all to attract their target countries.These company strategies worked. Today, almost all big companies are localized in several foreign countries. With the infiltration of the Internet into businesses, another huge aspect of localization has come into play - that of website and software localization. Websites are user friendly to other cultures and communities.The concept of localization is not new, but it has come to the foref
Community participation
You can receive valuable feedbacks from other fellow buyers,
receive industry-related information, build new partnerships and
use the networking ability of a community.
Real time access to current product information
Current information of a product is vital for an accurate buying
decision. 24 hours access to supplier's catalog helps you getting
most up-to-date information any time you need it.
Control rogue spending
Consolidated and automated procurement and approval method stops
maverick buying in a company.
Benefit that you can have as a seller
New sales channel
By becoming a member of an emarketplace, you open a low cost,
highly functional and easy-to-use sales channel for your company.
You expose your company to a new targeted audience that otherwise
would have been untapped to you.
Low customer acquisition cost
Your mere presence in the emarketplace might bring you new
customers. Since the buyers come to emarketplace themselves your
cost of getting customers through this channel is relatively low
in comparison to other traditional channels.
Improve customer service
Ability to have constant interaction through the emarketplace
allows you to serve your customers better. You can track the whole
ordering process from payment to delivery and bring greater
efficiency in customer service.
Efficient information sharing method
When needed, you can instantly update your catalog and inform your
customers about changes. Whether you are launching a new product
or having a web seminar, through emarketplace you can share the
information more efficiently.
Reduce supply chain cost
According to eMarketer, automated supply chain process through
emarketplaces can reduce your overhead costs 20% to 40%.
You may ask, if participation in an emarketplace is so beneficial, why companies are not flocking to emarketplaces.
The slower adoption can be blamed on various inadvertent factors:
- Many companies had fall short to generate significant sales from their own websites and look at emarketplaces with a dose of skepticism. But as studies show ecommerce endeavors fail, mainly, due to lack of proper planning and marketing, as many site managers take the attitude that build-it-and-they-will-come.
- Many conservative suppliers claim that their business depends on close relationship with local buyers. In reality, you can also get access to local untapped market through emarketplaces. Another aspect - you can bring efficiency to your business by co-adopting an emarketplace along with your buyers.
- Many elderly executives are not very tech-savvy and afraid of adopting new technologies considering them too complex. In reality, e-business is virtual implementation of real life business processes and not very difficult to embrace.
- Fear of price shopping by buyers is another factor, why suppliers are reluctant to use emarketplaces. The ability of emarketplace to emphasize all characteristics of the product in product content and demonstrate buyer-specific pricing should eliminate this fear.
- Many, mistakenly, consider that participation cost in emarketplace is very high and will hurt their bottom line. The expenses related to emarketplace membership are, usually, a mere fraction of what you can save from the use of its different features.
What to look in an Emarketplace?
As an online venue, where participants expect to conduct substantial part of their business processes, emarketplace has a large range of useful features:
- Product catalog based on an industry-standard classification system
- Product search capability within the marketplace and e-catalog
- Buyers and sellers search capabilities
- Supply chain process, i.e. request for quote, quotation, purchase order, billing system, etc.
- Directory of members
- Shipment tracking
- Simple system of adding and editing products
- Simple offer posting system
- Ability to promote products with special offers, sales, and discount
Apart from these, some emarketplaces boast other interesting features like auction and reverse auction, new product listing notification, business forum, XML interface, Internal messaging system. Naturally, implementation of these features may vary significantly emarketplace to emarketplace.
Where to look for Emarketplace?
The best place to find an extensive list of emarketplaces is the B2B directory site: http://www.bocat.com.
The open directory project DMOZ has a good list of emarketplaces. However, not all listings in both of these places are, in reality, emarketplaces. Some of them are simple trade boards. This list is located at http:
Careers dictate resume formatDifferent careers use different forms of resumes. When you’re working on your resume, beware of services that try to sell you on just one template, regardless of your target career. That’s because formats of resumes really depend on the industry or position that you have. Lawyers have different resumes from professors who have different resumes from actors.Writing resumes depends on what type of job you wantWhen you are trying to advance in your career, it is very important that you tailor your resumes to be consistent with industry wide standards. That’s because recruiters in your field see lots of resumes. If they have to spend too much time looking at yours to understand what you’re trying to say, you can bank on getting yours tossed in the trash.When you’re trying to change your career, it’s even more important that you resumes match your target industry with the right format and content. You can find sample resumes that will help you get your own into shape. Certain parts of resumes only matter with specific fields or jobs. Don’t b
Reduce supply chain cost
According to eMarketer, automated supply chain process through
emarketplaces can reduce your overhead costs 20% to 40%.
You may ask, if participation in an emarketplace is so beneficial, why companies are not flocking to emarketplaces.
The slower adoption can be blamed on various inadvertent factors:
- Many companies had fall short to generate significant sales from their own websites and look at emarketplaces with a dose of skepticism. But as studies show ecommerce endeavors fail, mainly, due to lack of proper planning and marketing, as many site managers take the attitude that build-it-and-they-will-come.
- Many conservative suppliers claim that their business depends on close relationship with local buyers. In reality, you can also get access to local untapped market through emarketplaces. Another aspect - you can bring efficiency to your business by co-adopting an emarketplace along with your buyers.
- Many elderly executives are not very tech-savvy and afraid of adopting new technologies considering them too complex. In reality, e-business is virtual implementation of real life business processes and not very difficult to embrace.
- Fear of price shopping by buyers is another factor, why suppliers are reluctant to use emarketplaces. The ability of emarketplace to emphasize all characteristics of the product in product content and demonstrate buyer-specific pricing should eliminate this fear.
- Many, mistakenly, consider that participation cost in emarketplace is very high and will hurt their bottom line. The expenses related to emarketplace membership are, usually, a mere fraction of what you can save from the use of its different features.
What to look in an Emarketplace?
As an online venue, where participants expect to conduct substantial part of their business processes, emarketplace has a large range of useful features:
- Product catalog based on an industry-standard classification system
- Product search capability within the marketplace and e-catalog
- Buyers and sellers search capabilities
- Supply chain process, i.e. request for quote, quotation, purchase order, billing system, etc.
- Directory of members
- Shipment tracking
- Simple system of adding and editing products
- Simple offer posting system
- Ability to promote products with special offers, sales, and discount
Apart from these, some emarketplaces boast other interesting features like auction and reverse auction, new product listing notification, business forum, XML interface, Internal messaging system. Naturally, implementation of these features may vary significantly emarketplace to emarketplace.
Where to look for Emarketplace?
The best place to find an extensive list of emarketplaces is the B2B directory site: http://www.bocat.com.
The open directory project DMOZ has a good list of emarketplaces. However, not all listings in both of these places are, in reality, emarketplaces. Some of them are simple trade boards. This list is located at http:
There are many people who have completed their translation training programs at university level or higher professional education and they want to become freelance online translators. But gaining a foothold as a on line translator in a highly competitive market and can be a complicated business. So what do you need to do in order to become a successful online translator?Many translation agencies do not want to admit new online translators into their networks. A lot of translation agencies start with a trial period, in this period they closely monitor all the work submitted by the new online translator in order to reduce the risk of a fiasco.In their efforts to introduce themselves directly to online translation companies, online translators usually find it difficult to get access to the right person that matter. Most companies prefer outsourcing translation services better than translation agencies or online translators, that can offer comprehensive solutions. They look for online translators that can fill their translation needs.One of the best ways to find online translat
What to look in an Emarketplace?
As an online venue, where participants expect to conduct substantial part of their business processes, emarketplace has a large range of useful features:
- Product catalog based on an industry-standard classification system
- Product search capability within the marketplace and e-catalog
- Buyers and sellers search capabilities
- Supply chain process, i.e. request for quote, quotation, purchase order, billing system, etc.
- Directory of members
- Shipment tracking
- Simple system of adding and editing products
- Simple offer posting system
- Ability to promote products with special offers, sales, and discount
Apart from these, some emarketplaces boast other interesting features like auction and reverse auction, new product listing notification, business forum, XML interface, Internal messaging system. Naturally, implementation of these features may vary significantly emarketplace to emarketplace.
Where to look for Emarketplace?
The best place to find an extensive list of emarketplaces is the B2B directory site: http://www.bocat.com.
The open directory project DMOZ has a good list of emarketplaces. However, not all listings in both of these places are, in reality, emarketplaces. Some of them are simple trade boards. This list is located at http://dmoz.org/Business/E-Commerce/Marketplaces/
Yahoo! directory is not organized well enough to locate emarketplaces. They are scattered under the subcategories: Vertical marketplace builders, Trade directories and even Trade.
Forbes magazine has a quality list of many B2B companies including some emarketplaces. You will find the list at: http://www.forbes.com/bow/b2b/main.jhtml
To be continued in next issue: Selecting the right Emarketplace.
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