IndiaMART is India’s largest online B2B marketplace, connecting buyers with suppliers. With 60% market share of the online B2B Classified space in India, the channel focuses on providing a platform to Small & Medium Enterprises (SMEs), large enterprises as well as individuals. India Online Shopping, India Online Shopping Suppliers and Manufacturers Directory - Source a Large Selection of Online Shopping Products at online shopping india,alibaba online shopping,online shopping canada from India Alibaba.com.
What Is Indiamart?Indiamart is a large India marketplace connecting buyers and sellers in business together with the sole aim of making a profit. It does this by making use of the B2B portal, connecting the market scene of India together with one another. Talking about the market scene of India, these include the manufactures, as well as the buyers.
Indiamart has been around for a period of 19 years now, and this simply implies that they are good in what they do with the experiences gathered over the years. Indiamart has its headquarter in Noida, India and they have close to 3600 employees under their rank. How Does Indiamart Works?Like earlier mentioned, the core idea and working principle of indiamart are built around connecting manufacturers, buyers and sellers together. So basically indiamart helps in generating businesses. This is done when sellers get across to buyers globally over the platform created by indiamart, and this helps to make the business more productive. Also, indiamart can help you introduce your business to the world, giving you access to customers a prospective audience that will be interested in your business. This is also an opportunity for buyers to have multiple business outlet that they can purchase from, hereby giving making them explore and choose the best one.For sellers, one of the most important ways to utilize the platform that indiamart brings to you is to know how to search and reach out to your potential buyers.
A way to go about this is by making use of what is known as buy leads. Buyleads are uploaded by buyers and they state the requirements and features of the kind of products that they are in need of. These Buyleads are then randomly shared to sellers that can meet the demands by Indianmart.
For sellers who are paid suppliers of indiamart, there is a certain amount of buy leads that they are open to. They can take advantage of this to make their businesses more productive. How to Prepare Before Setting Up an Indiamart Store?Setting up at indiamart store like every other online store is very basic and does not involve any difficulty of a special expertise. However, the most important things are the things you do prior to setting up your intimate store.
This steps and procedures will be the determinant on how successful your business on indiamart will be, and we are going to be putting you through some of the most important steps you must aim at to make you make the most out of your intimate store as a buyer.But before that, you have to know that the most vital thing and the backbone to all of these in idea validation. You need to first have an idea of which fast moving product you will deal with to make all of these a smooth process. Here, the internet is a very essential tool and you must be willing to take advantage of it as much as you can. Also, it is very important that you are not overly obsessed with the idea of a particular kind of product. Don’t work based on sentiments, because if there isn’t a huge market for the product, there is no way you can have a productive business.
So this means that you have to be as realistic as possible in your venture. However, it is also important that you know that there isn’t any certainty of how well an idea might come through for you, but then you need to first have a clear idea before you begin to put in work.Be that as it may, let us go through some of the steps and strategy you can plot to make your indiamart store boost your business.● Estimating Market PotentialTo start with, you have to make an estimate of the market potential of your product. This is done in a bid to know the product that is the most searched, as well as how many people are searching for the product that you will like to venture into. This can be done through the use of a Google keyword search.
This would help you search words that are similar to that of your product. For clearer view and analysis, you can make use of Google keyword tools that will help you know the exact figures. For example, you can know the total number of searches that a word has per month, and this would help you in better estimation of the market potential of your product. For clarity purpose, you should know that a search with high figure means that a lot of people are interested in such a product, and there will be obvious demand for that product.● Knowing the Competitiveness on Your ProductSome underestimate the idea of competition when setting up an online store. You should know that this works both ways. Competition can either be a good perception of the product you are willing to market and on the other hand, it could also mean that the market for your product is already saturated. Sometimes buyer tends to stick with sellers that they are familiar with and have worked with over time, an as a new indiamart store owner this could be quite detrimental for you.
How to Create an Indiamart Store?Unlike with other e-commerce online platform, setting up an indiamart store is relatively easy and not time-consuming and this is one of the reasons why it is one of the top rated B2B online platforms. The following are the details involved in setting up an indiamart store.● Signup On IndiamartSearch on indiamart on your search engine and process to the website.
Look for the signup button and click on it. You will be provided with a form of blank spaces in which you will be required to fill in your details like email address, your password, and the name that you want to give to your store. Indiamart will also require that you provide your mobile number, as well as the country or region that you are.● Adding Your ProductNext thing that will be required of you is to add your product by giving details on the product that you wish to sell. These details must include a title or name of the product, a description of the product, and also the price you are selling the product. You may also need to upload a picture of the product after wish you can save and continue.● Designing your Store SiteCustomizing your store will make it look alluring to customers, and there are various themes that you can make use of.
You do not have to be a graphic designer to do this successfully, just make sure that you use a theme that is cool, and if you can find one that relates to your product it will make it more perfect. Alternatively, you can look for themes to use in various theme stores.● Setting Up the DomainThe next thing after designing is setting up a domain. On the indiamart dashboard of your browser, you will see the add domain spot, and then you can make a choice of the domain that you want. If you are an existing seller, you can transfer a domain and if not a new one can be registered.● Payment ProcedureThe next thing to do is to activate the payment, and the spot for this is also available on the dashboard. With this you will be able to define your payment procedure, and how you would like to accept payment.Alas! You are now an indiamart store owner and all that is left it to start selling.
As you can see, the processes involved are very easy and all of this could be done in about 20 minutes. Reviews About IndiamartIniamart is inarguably the biggest e-commerce venture in India today, and arguably one of the top e-commerce online market and B2B generators in the world today. However, it is important for people to realize that indiamart basically serves as middlemen between buyers and seller, and are definitely not the manufacturer or sellers of any product that is purchased. Indiamart only helps in the best possible kind of way to make sure that a platform for the success of these business transactions is being given. This is why indiamart verifies some sellers who are trustworthy with their operations over the years.
So doing this will help the buyers in the easy selection of who to go into business with. However, indiamart also help to make the business procedure as smooth as possible by giving out the necessary information to the buyers whenever it is needed.Indiamart is also sensitive to all the hazard that comes with a business operation, and this is why a new secure payment has been launched to make sure that buyers are protected should in case they have any form of issue with the products purchased. To prevent this in the first place indiamart encouraged buyers to make use of buy leads, as this will help sellers know the requirements of the product they want to purchase. Also, indicate make sure that only buyers that meet these specific requirements have access to the Byleads.Being in operation for almost two decades, with indiamart you can rest assured that you have nothing to worry about considering security wise. As usual, over these years of operations Indiamart have had to deal with numerous situations and complaints. And they have made terms and conditions on how to go about their operationalization in a way that it isn’t detrimental to both buyers and sellers. Some FAQ About IndiamartHere are the answers to some frequently asked questions that you might want to know about Indian art:● Is Indiamart Trustworthy?As a middleman between buyers and sellers, indiamart trustworthiness will have to be based on the quality of the sellers and the products they deliver.
This is why indiamart makes use of the best type of measures to keep buyers save from fraudulent activities. Some of these measures from indiamart include verifying account that they can vouch for. The criterion for this is a long-term operation, and reviews and feedbacks from buyers. Another measure is the use of the safety payment measure where buyers will be refunded their money if the product that they have received is not of the required quality. The use of By leads is also a very innovative initiative as only sellers that have the products that meet the requirement of buyers will be able to have access to them. With all of this measures, Indiamart has effectively curbed fraudulent activities, and then it is to safe to say that they are trustworthy.● How Many People Are Using Indiamart and IndiaBizClub? Is It Good or Not?Both Indiamart and IndiaBizClub are two of the best B2B marketplaces from India, a reason why they a larger chunk of the market share.
Indiamart alone has over 60% of the market share in India with about 1 million buyers using the platform on a daily basis. They also have a lot of employers ranging to more than 2000. IndiaBizClub isn’t far off either, with millions of seller and buyers linking up on their platforms to do business globally.
These numbers reflect how good and effective both platforms are.● Which is the Best B2B Website in India apart from Indiamart?Some other top B2B websites in India Include the following:a.b. SummaryHaving an online store with a B2B e-commerce website might just be the next move to take to make your enterprise more lucrative. This article will serve as a guide for you as we have well equipped you with information that you will need throughout this venture. But what is most important is that you make further researches and findings, as an online marketer is so dynamic and ever-changing. You need to be well informed because that is key to a successful business life. Also, buyers should remain careful and stick to the rules and regulations of the online market they are in business with.
This way scam activities will be limited.
AnnouncementPlease find below the list of top shortlisted teams from phase 3. Shortlisted teams will receive an email about their status shortly!IndiaMART is India’s largest online marketplace, connecting buyers with suppliers, The online channel focuses on providing a platform to SMEs, large enterprises as well as individuals.Founded in 1996, the company's mission is ‘to make doing business easy’. Keeping this mission in mind, we come up with appropriate initiatives from time to time. Recently, we have announced our entry in the fintech space.IndiaMART has more than 4.72Mn sellers and 59.81Mn buyers registered on the platform. The company has a strong team of around 3500 employees with 80 branches across India.
We are backed by investors like Intel Capital, Amadeus Capital, WestBridge Capital & Quona Capital!IndiaMART has a total of 50Mn products mapped into 1Mn micro-categories with UGC content and a lot of different prices with different units. For Eg: Pure Sugar can have units in Pack, Kg, Quintal, Metric Ton, box etc.This Hackathon is an initiative by IndiaMART to identify the talent with out of the box thoughts and engage with them for co-Learning and co-creating tech & business applications in a collaborative and fun wayProvide a working prototype solution to gauge the appropriate unit wise price range for the 3 categories (Training data sets will be provided) based on their units by removing outliers from the data. This deliverable is to gauge your understanding of the problem and guide you towards the building of the right solution.Besides this, you need to briefly describe:. Algorithm/Model used. Code Applied. Language/Tech used. Any assumptions takenEntries will be judged on the accuracy of their model, consistency in approach and potential scalability.Expected Outcome:The price of Pure Sugar per kg ranges from Rs 20 to Rs 90.Shortlisting Date: 14th June 2019In this phase, you have to implement your prototype on 100 categories from varied industries.
We understand that your approach, model or methodology may change with this huge data. Hence a write-up with the solution has to be submitted which should contain the following:. Algorithm/Model used. Code applied.
Language/ Tech used. Any assumptions takenEntries will be judged on the accuracy of their model, consistency in approach and potential scalability.Expected Outcome:The price of Pure Sugar per kg ranges from Rs 20 to Rs 90.Shortlisting Date: 22nd July 2019In this phase, you will be invited exclusively to an online phase to prove your prototype on 1500 categories. The final solution, on submission, will be executed by our mentors and judged for accuracy, scope coverage, usability, and experience.Expected Outcome:The price of Pure Sugar per kg ranges from Rs 20 to Rs 90.Shortlisting Date: 6th August 2019Finalists will get an opportunity to present and talk about their solutions before the senior-most management at our HQ in Noida on 19th August 2019!
Recently a trend has been observed in the online marketplace that a lot of weight is given by the user to the price point of products in searches. In the USA, due to price transparency and ease of shopping, Amazon has taken over to become the default search engine for product discovery (surpassing Google).Price acquisition at IndiaMART was started in 2015. Currently, there are 1lac categories with 1.5cr Products in IndiaMART with the price. With such great coverage, comes the issue of accuracy.Currently, due to the UGC content on Indiamart, we have a range of prices listed using a variety of units.