Impact of Technology on markets

The term market has always been associated with a physical location where buyers and sellers meet to purchase and sell commodities. Over the years the role of technology has had an immense influence on the models of markets. Marketplaces have moved online. 

Nowadays, with just a click of a button on your smartphones, you can buy and even sell things. Businesses need not have a physical presence to flourish. B2B market is one such area that has evolved in modern times in the form of an online business model. Technological advancements along with the growing use of the Internet have helped in the flourishing of B2B business models in India.

Supplier4Buyer is one such platform that runs its operations on an online portal. Hundreds of verified buyers are available for businesses and individuals to purchase from. It has evolved as one of the top 10 B2B portals in India. There are many reasons why B2B online portals like Supplier4Buyer are changing the market from offline to online models.

• More Options: When you visit a physical marketplace, you have only a limited number of options available to choose from while in an online marketplace like Supplier4Buyer, one can find a wide range of product categories and an even wider range of products in a single category to make choices from. With more options, a consumer becomes the king of the market.
• Better Prices: A physical store involves the number of expenses from rent, electricity, etc. An online store however works on limited expenses that are not too extravagant thus this leads to a lower price of commodities from the seller’s end.
• No Physical Contact: While doing business with online platforms, the whole procedure is through your phones or computers and you do not need to make any physical contact with the buyers or the sellers which means saving a lot of time on meetings and appointments. Avoiding physical contact can also be counted as a big advantage of the online market over traditional marketplaces in the time of a global pandemic.
• Easier to access records in the future: Online portals save data from our purchases that could easily be accessed and thus create ease of using the information in the future when we require buying the same or different product from the same seller or sellers. This problem is faced by buyers when they buy from an offline market as they lose contact with the suppliers and thus have to work hard from the beginning to procure new sellers for the same commodity.

                   Supplier2Buyer provides buyers and consumers with a range of products from the comforts of their homes. With the help of their service markets can easily be accessed and purchasing and selling have become an easier task. It has established itself undoubtedly as one of the top B2B Portals in India. If you are a business or an individual looking for products to resell, raw materials for your business, or even an end product ready-to-consume, then you should explore the verified suppliers registered with Supplier4Buyer.