According to Business Wire, by 2027, the B2B ecommerce market will reach a mind-blowing $21 trillion in total annual revenue. The best way to enter this market and make a profit is to build a convenient marketplace where businesses can buy and sell equipment, materials, services, and venues.
Naturally, there are fewer B2B marketplaces than B2C marketplaces, and they’re also less advanced, often lacking user experience features that have already become standard for B2C ecommerce. However, B2B marketplaces are often more profitable than their B2C counterparts. Surely, this depends on what you’re selling.
B2B marketplaces are less numerous than B2C marketplaces, but they’re certainly more lucrative. Learn how to build a B2B ecommerce marketplace