Marketing generally means the trading of products and services from one place or company to another. The marketing can be further divided into two categories, consumer and industrial. Business to business marketing is industrial marketing. A company which is setting up a new factory will accept business proposals from appropriate construction units, after carefully appraising each one's worth it will make a deal with that particular construction firm which accordingly offers greatest value in terms of money.
This is an example of B2B Negotiation. The import and exportprice index of the U.S. keeps fluctuating with changes in the price of products and services that are either exported or imported. Now even monthly reports are submitted by labor bureau to the government.
Any goods or services that are supplied by a resident U.S. citizen or are purchased from other countries by them affects the import- export price indices of the country. Art works or paintings are generally excluded from the category. The United States Ex-Im Bank is the chief authority for independent credit agencies like the ‘export credit agency’. It enables the customers to take viable risks by financing any purchases done by them with other countries. Opportunities for work are thus created by finance of sales of exports to global buyers. The bank comes under the U.S. government congress segment. The government has full authority over the Export-Import Bank and its rules and regulations. Other private banks and money lenders have no fear of competition from the Ex-Im Bank. It rather helps these private sectors by funding for transactions that are associated with great political and business risks.
The bank provides help and support to small scale business to business for export purpose of country-made goods and services. It has funded almost 3 billion dollars to finance minor export units. There are various Insurance schemes and policies under the Ex-Im Bank for independent organizations, B2B and other banks to alleviate risk factors like failure of collection of dues from international buyers. Also there can be many defaults due to insolvent buyers and money-oriented difficulties.
There can be risk also of a political nature like sudden war and civilian agitations and restrictions in the smooth flow of cash. Insurances are made to organizations directly dealing with exporting formalities, independent private banks who lend funds to global buyers also avail Insurance facility. Some small-scale business sectors, B2B transactions are free of premium payments and can keep paying as per their cash-inflow.
But this convenient Insurance program is only for minor industries and exporters. Guarantees on loans are also provided for those banks who credit money to export units and companies. But the Export-Import Bank has faced several criticisms of supporting and favoring particular sections or companies more than the normal Tax paying individuals or firms. They include corporations who have connections with other international governing bodies and foreign nationals among others. But the bank is indeed a boon to all small scale companies who rely on them heavily.
Internet Business To Business
To become a successful businessman in today's world of the web both the old business world and the new business world should be given importance. Remember that the tricks and the different aspects of Internet business have evolved from the Traditional business world. Therefore it will be wise if you continue holding the traditional business rule and embrace the new Internet business rule.
Traditional business consist 50 000 square feet of Warehousing and a pile of overheads, staffing, expenses such as lorries forklifts, racking, crippling rules about health and safety etc. Traditional business is also infested with problems in areas of international transport, late goods, letters of credit & warehousing.
The latest technology enables the traditional business processes to be simplified improving productivity, reducing costs dramatically and providing quicker, more accurate service to the customer with higher satisfaction levels. The advent of Internet business has transformed traditional business in different field. For instance is carried on for 24 hours a day, seven days a week that is, not a single second is wasted. It has also been successful in converting the traditional business into a global business eliminating the function the middleman who acts like a broker and a distributor. It could be rightly said that the whole business is successfully based on good communication network embracing several countries without entering into the traditional problem-infested areas of international transport, late goods, letters of credit & warehousing. The business is truly conducted using technology rather than physical goods and even executes demonstrations using 21st century systems that few years back would have seemed out of the question.
Fortunately Internet business was successful to prove the people that business could be conducted from the comfort of their home, freeing them from the mindset that they have to be involved in moving the physical goods or indeed the service necessary to satisfy the customer. With an increasing number of people employing the net as a hunting facility or knowledge approachability public square, the Internet is advancing every week on traditional business. Apart from the perceptible benefits of being able to work at home more effectively or gain instant approach to vast measures of info it also enables people to reach a previously unstoppable masses and, to reach massive potential customers performing the work rightly with search engine optimization experts. Therefore one can say that this is one area the age-old necessities of a business that is the service or product must be desired, good quality and the right price to make the potential transaction attractive hold true.
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