25 Reasons to Build your B2B Marketplace With StoreHippo

Tired of the same old B2B game? 

Willing to level up your business? 

Building a wholesale multi vendor marketplace is your ticket to success

But, when it comes to building your B2B marketplace, the choice of ecommerce platform is crucial.

Why settle for less? 

Partner with the best B2B marketplace platform that helps you build a top-tier ecommerce marketplace.

Curious why?

From boosting customer satisfaction to streamlining operations and gaining a competitive edge, the reasons to build your B2B marketplace with the best platform StoreHippo are endless.

Before we dive deep let us understand the benefits of building a wholesale marketplace:

Why Do You Need To Build a B2B Marketplace

The world of B2B e-commerce has changed a lot since the pandemic. With a lot of businesses now focusing on selling online, B2B buyers are as well drifting to online means of buying, making the negotiation cycles shorter. 

Here are some important insights about the changes in the B2B ecommerce sector:

• $20.4 trillion will be the market value of B2B ecommerce by 2027
• 74% of B2B buyers prefer online buying over buying offline 
• 70% of B2B buyers started using m-commerce channels more in the past 2-3 years
• 250% increase in B2B mcommerce orders from 2020 to 2024
• 4-6 digital channels are used by wholesale buyers to finalize a purchase
• 72% of B2B buyers expect personalized experiences across all channels

Source: Forbes, McKinsey & Company, Digital Commerce 360

As the B2B ecommerce landscape continues to evolve, businesses today need to embrace digital channels and prioritize personalized, mobile-friendly experiences. However, to build a B2B marketplace for your business, you need a robust, future-ready ecommerce solution that helps brands set themselves on an upward growth trajectory. 

25 Reasons to Build Your B2B Marketplace With StoreHippo

Choosing your B2B marketplace solution needs careful consideration. A well-rounded software that caters to the unique requirements of your brand and is also designed to accommodate future requirements, is what you need.

StoreHippo's B2B marketplace platform is designed considering the wide range of requirements of successful B2B brands. StoreHippo comes with a host of features and solutions to help you build innovative marketplaces. 

Here are 25 reasons to build your B2B ecommerce marketplace with StoreHippo:

1. Easy-to-Use 

StoreHippo offers an intuitive and feature-rich admin dashboard that enables your teams to be in complete control of the business and other vendor-distributor activities. The StoreHippo B2B marketplace builder offers separate vendor dashboards to run the business smoothly. With StoreHippo, buyers can wishlist, see their past purchases, re-order, track orders, contact support, and stay updated at each step from requesting a quote to fulfillment. etc. The smooth and comprehensive buying experience is transparent which makes the customers come back for more.

 2. Creates a B2C-like Engaging Marketplace

StoreHippo comes with a rich design themes library that offers 100+ device-optimized themes. With its easy-to-use drag-and-drop feature, even novice users can create professional-looking designs in just a few steps. You can easily mix and match the design elements to create a new one, or target different buyer groups by changing the design as and when needed. 

3. Go Omnichannel

StoreHippo B2B wholesale multi vendor marketplace offers easy-to-use omnichannel solutions. You can add new touchpoints quickly using the same backend logic and APIs with StoreHippo’s decoupled headless platform. StoreHippo helps you create consistent buyer experiences across multiple channels to boost engagement. You can centrally control all your sales channels with StoreHippo. 

4. Leverages Mcommerce 

StoreHippo is built on a mobile-first technology that comes with a built-in mobile apps builder. You can seamlessly create multiple B2B mobile apps right from your admin dashboard without any coding and at zero additional costs. When you build a B2B marketplace with StoreHippo, you automatically get a marketplace that is PWA, which means these ecommerce websites work, look, and feel like mobile apps. 

5. Handle Business On The Go

StoreHippo ecommerce solutions come with built-in mobile solutions for different users like amin, vendors, delivery agents, etc. You can build Android and iOS marketplace apps in no time using the built-in mobile apps builder. With mobile apps for each user, you can seamlessly handle your B2B business options on the go. StoreHippo also makes it easy to manage shipments and deliveries with its delivery boy management app using which vendors can track their fleet of delivery agents

6. Offers Personalization

You can seamlessly implement multi-level personalizations with StoreHippo to boost engagement on your wholesale multi vendor marketplace. You can build personalized landing pages for different buyer segments. With the powerful discount engine from StoreHippo, you can also implement personalized discounts based on factors like order volume, geo-location or offer tailored discounts depending on buyer-vendor relationships, etc. 

7. Helps Add Detailed Product Descriptions

StoreHippo offers complete product management solutions that help list and manage products with detailed descriptions. You can add a 360-degree product overview with images and videos for a better user experience. With the built-in features from StoreHippo B2B marketplace platform, you can add meta details and product descriptions for better product discoverability and conversions. StoreHippo also offers features to implement reviews and ratings for each product to help buyers make informed purchase decisions.

8. Helps Optimize User Experience

The B2B solutions from StoreHippo come with built-in advanced features that help you optimize the user experience. StoreHippo offers multi-tier categories to easily arrange products under different categories and subcategories for easy search and seamless shopping for your B2B buyers. With intuitive navigation from StoreHippo, your buyers can browse easily across the site to search for products from diverse buyers. The advanced search filters also help your buyers with granular product searches, optimizing the user experience on your B2B marketplace. 

9. Offers Tiered Pricing

StoreHippo B2B solutions have tiered pricing and discount engine features that enable you to display tiered pricing to your buyers. You can display tiered pricing based on order volume and implement MOQ on your business-to-business marketplace. StoreHippo also helps you offer volume-based discounts to create different pricing for different ticket sizes. You can also bundle different products and offer pricing discounts for larger orders. Say for example, you can bundle printers with an order of computers. 

10. Implement Dynamic Pricing

You can implement dynamic pricing on your B2B marketplace with StoreHippo solutions. You can create separate landing pages with different pricing for premium and regular B2B buyers. You can also implement multi-currency pricing based on IP for international buyers. For your multi-store B2B marketplace, you can also implement different pricing for customers on different sub-stores based on proximity from buyer location, order volume or other factors.

11. Offers Self-Service Tools

StoreHippo ecommerce solutions come with a host of B2B features and a variety of tools to implement self-service on your wholesale multi vendor marketplace. The RFQ feature from StoreHippo helps buyers request quotes from vendors, get pricing and approve or reject quotes. The B2B vendors can use a 3-way admin-buyer-vendor chat solution to answer queries and close negotiations in real time. StoreHippo offers B2B customers more control and visibility through a buyer dashboard, order tracking, the ability to initiate returns and refunds, view order history for reordering, and more.

12. Simplifies Reordering

StoreHippo B2B marketplace platform helps simplify the reordering process on your marketplace website which enhances customer convenience and boosts engagement. You can customize your user dashboard where customers can revisit order history and give a direct reorder button for quick reorders. With the built-in unified notifications, you can send personalized reminders to customers to restock items they buy frequently.  

13. Multi Store Solutions

You can seamlessly create and manage multiple sub-stores from a central admin with StoreHippo multi store ecommerce solutions. You can easily add a different look and feel for each store to target a specific buyer segment. StoreHippo helps create multiple targeted stores in no time, each with their own catalogs, pricing, payment options, shipping solutions and discounts.

14. Multilingual Support

When you build a B2B marketplace with StoreHippo, you can seamlessly expand your customer reach by targeting customers from national and international markets. StoreHippo has multilingual features that support 100+ languages including RTL languages like Arabic, Hebrew, Urdu, etc. You can also automatically translate your website content with full control and rule-based translations. StoreHippo also supports multilingual languages in mobile apps and offers various multilingual design themes. 

15. Offers Freedom to Sell to Distributors

StoreHippo helps your sellers seamlessly manage business on the wholesale multi vendor marketplace. StoreHippo offers complete online selling solutions for vendors like product management, order management, shipping management, managing returns and refunds right from admin and more. With the separate seller page on your marketplace, your sellers can get undivided attention from the customers. The built-in reports and analytical tools help sellers understand their business with insights on best-selling products, types of buyers, etc.         

16. Powerful Tax Engine to Simplify Taxes

It gets jarring for B2B businesses to manage tax compliance hassles. However, with StoreHippo’s built-in tax engine, you can simplify taxation and adhere to compliance requirements. StoreHippo B2B marketplace platform also offers provisions for grouped taxes, tax-based rules, and tax-inclusive and tax-exclusive pricing. With complete support for GST, CGST, SGST, and IGST, you can easily manage taxes on your marketplace.   

17. Built-In Invoicing Feature

When you build a B2B marketplace with StoreHippo, your invoicing is taken care of with its built-in billing solutions. The built-in invoicing software helps automate and simplify invoicing. StoreHippo comes with GST-complaint, custom, and bulk invoicing feature to help streamline taxes on your marketplace. You can also create multi-currency invoicing for international buyers. You can also seamlessly integrate with your own preferred accounting software.

 18. Creates Secure B2B Marketplace

StoreHippo wholesale multi vendor marketplace solution helps create secure marketplaces with its inherent security solutions. The PCI-DSS and ISO-compliant B2B platform ensures multi-level security for buyers and sellers. You can seamlessly gain customer trust with StoreHippo’s free SSL certificate. The PCI-DSS-compliant payment gateways help secure one-way encryption and payment processing.

19. Create Frictionless Payment Processes

StoreHippo B2B ecommerce solutions come with 60+ pre-integrated domestic and international payment gateways to help you create a frictionless payment process. StoreHippo supports a variety of digital and COD payment methods including credit/store wallets, netbanking, cards, mobile banking, etc. Your customers can choose to pay in their preferred payment gateway on your B2B marketplace. StoreHippo also supports multi-currency for international B2B customers.                 

20. Seamless Fulfilment Solutions

StoreHippo ecommerce solutions help you build a successful B2B wholesale multi vendor marketplace with a seamless shipping process. StoreHippo offers 30+ pre-integrated domestic and international logistics partners to streamline bulk fulfillment. You can also ship using multiple shipping partners with support for partial fulfillment to optimize costs for your customers. StoreHippo also comes with built-in delivery boy management software that helps manage vendors’ fleet of delivery agents to ensure faster hyperlocal deliveries.  

21. Support for Different Business Models

Built on headless architecture with inherent cloud infrastructure, microservices, and API-first architecture, StoreHippo ecommerce solutions help you diversify your brand to new business models. The MACH architecture and 300+ native features from StoreHippo B2B marketplace platform come with built-in support for a variety of business models like B2C, D2C, B2B2C, hyperlocal ecommerce or any other hybrid business model. StoreHippo helps you build a tailored ecosystem for your hybrid business with 120+ pre-integrations. You can also integrate with your preferred solutions and service providers for smooth B2B functioning.

22. Built-In Marketing Features

StoreHippo not only helps build a B2B marketplace but also helps market it to the right audience. With a variety of built-in tools, StoreHippo helps you leverage social media channels and integrate seamlessly with all social platforms. StoreHippo comes with built-in SEO tools like microdata, canonical URLs, redirects, automatic XML sitemap generation, sitemap priority. The built-in blog engine from the StoreHippo marketplace platform enables you to promote your brand to diverse audiences through tailored content. You can create dynamic marketing pages and landing pages for targeting different buyer segments on your B2B marketplace. 

23. Reporting And Analytics

StoreHippo B2B ecommerce platform helps you build effective growth strategies for your business with built-in analytics and reporting tools. The built-in reporting engine offers rich insights on sales performance, customer behavior, and product sales trends, etc, helping you track your B2B marketplace’s progress. You can seamlessly integrate with Google Analytics and marketing tools like Google Analytics, Google Search Console, Google Adwords, Tag Manager, etc. for detailed insights about traffic and buyer behavior. 

24. Multi Channel Customer Support Tools

StoreHippo wholesale multi vendor marketplace helps you offer unparalleled customer support on your B2B marketplace. You can seamlessly integrate with a variety of customer support tools, live chat, and chatbots to offer multi channel support to your customers. You can customize your customer dashboard for your buyers to seamlessly raise a support ticket right from their dashboard. You can use the unified notifications (SMS, push and emails) feature to connect with buyers during different stages of the buying journey. 

25. Auto Update and Upgrade

With the StoreHippo B2B ecommerce solutions, you do not have to worry about regular updates and upgrades with new features, enhancements, and optimizations to improve functionality and performance. StoreHippo is a fully hosted and managed B2B marketplace platform that can accommodate business growth. StoreHippo offers top-notch website speed without affecting performance even if you scale to millions of buyers, products, and sellers. 

Conclusion

When you build a B2B marketplace to leverage the growing ecommerce sector, you need an ecommerce platform that helps you create a thriving ecosystem for your buyers and sellers. By choosing StoreHippo the robust ecommerce solution, you not only launch a B2B marketplace but also build a powerful network that drives growth and innovation.

StoreHippo has powered a wide variety of B2B businesses, offering a gamut of features to help them create out-of-box solutions. StoreHippo wholesale multi vendor marketplace comes with the capabilities to build tailor-made B2B online marketplaces. With StoreHippo's advanced B2B marketplace platform, wholesale B2B brands can streamline operations, expand their reach and foster long-term relationships with customers. 

Ready to build a B2B marketplace with StoreHippo ecommerce solutions? Power your success journey with StoreHippo wholesale multi vendor marketplace solutions. Start your 14-day free trial now.