Magento B2B Starter Guide for Wholesale Business

Magento B2B Starter Guide

Many people believe that having their own business is much better than working a 9-5 job. This is, indeed, true, but to some extent. Running your own setup means you get to make your decisions, enjoy your own profits, have a team of your choice. But it also means managing every single aspect of the business on your own. 

Things get even more complex when you’re running a wholesale business. The companies operating in this domain are dealing with consumers and businesses of all scales; this overcomplicates things. 

This is where our Magento B2B eCommerce guide will help you make things turn in your favor.  

B2B eCommerce

We’re all well aware of business-to-consumer (B2C) eCommerce, but what is B2B eCommerce?

B2B eCommerce is the selling/buying of products between two or more businesses using online channels. This eliminates the need to communicate with sellers or buyers through traditional modes, such as telephone calls or emails. From order placement to payment processing, everything happens digitally. 

In this digital era, investing in a B2B eCommerce setup is one of the smartest options. The fact that the market is growing exponentially is proof of its significance. 

What is Magento 2 B2B Commerce?

Magento is not an unknown entity in the eCommerce sector. Many experts consider this platform as one of the most reliable eCommerce platforms globally. Given that it is in use in every corner of the world shows how significantly it’s benefiting retail businesses. Saying that Magento has become the market’s buzzword is not an exaggeration but a reality. As of 2021, this platform has over 300,000 users.

Magento 2 B2B commerce accommodates eCommerce businesses that have other companies as their consumers. It supports complex organizational structures and even allows businesses to manage multiple users. Moreover, Magento 2 brings maximum integrated capability. Companies can extend the Magento B2B functions using third-party system software. 

Some of its features include

• Dependable cloud hosting
• Efficient B2B functionality
• Pricing customization
• Supported wholesale features
• Seamless and easy backend integration
• Supports multi sales-channel function
• Effective and insightful reporting and analytics
• Top-notch product information management
• Efficient order tracking.

What is Magento B2B Solution in Open Source?

Magento B2B in open source is known as Community Edition. It Is, by far, the most popular eCommerce platform for B2B wholesalers and businesses. It doesn’t have the Enterprise version features, but for small-scale B2B commerce setups, Magento B2B in open source is a great option. 

What are the Best Magento B2B Extensions?

To enhance the performance of your B2B commerce platform with Magento, you can integrate several extensions. Some of the best extensions for Magento B2B include;

• Minimum Order Quantity By BSS Commerce
• Request For Quote By FME Magento Extensions
• Quote Request Lite Edition By Cart2Quote
• Call For Price By AdornCommerce LLP
• Product Inquiry With Hide Price By Sparsh Technologies
• Apruve Automated B2B Credit Program By Apruve Inc.
• Credit Key Payment Gateway By Credit Key
• MerchantE Payment Acceptance By MerchantE
• Easyship
• GLS Shipping By GLS Germany
• TaxJar Sales Tax Automation By TaxJar
• InvoiceMe By MSTS
• Invoice PDF Generator By EaDesign
• Salesforce Sales Cloud CRM Integration By PowerSync
• E-Link Sage ERP Integration By CertiPro Solutions, LLC

What are Magento B2B Features?

Magento B2B is a smart choice for all wholesalers who wish to boost their business’s revenue. There is a plethora of benefits that leveraging Magento B2B for business growth brings. Here is a list of Magento B2B features to help you better manage your B2B commerce businesses. 

Company Accounts

The feature of company accounts in Magento B2B helps manage accounts and catalog permissions. 

PCI Attestation of Compliance

One of the most important factors for eCommerce websites is security. PCI-compliant websites help businesses build their credibility. Magento is PCI certified as a Level 1 Solution provider.

Range of Plugins

For B2B commerce, the websites and applications need to be fast and efficient as maintaining businesses as customers require much more work. A range of plugins allows B2B companies to design commerce websites that are fast and efficient. 

Hiding Prices

While running a B2B business, maintaining long-term relationships with companies is critical. Price negotiations are an essential aspect of these relationships. Magento 2 B2B allows wholesalers to hide the price and enable corporate clients to request quotes and even negotiate the prices. 

Postponed Payments

Another feature that this platform offers is postponed payments. Long-term relationships with businesses are possible when companies provide a satisfying degree of flexibility. The consumers can finish the checkout process with an option of postponed payments. 

Quick Order

B2B commerce customers are more about quick order completion than spending time going through the catalog. The Quick Order feature allows shortening the order by using the element of desired product lists. 

Requisition Lists

The Requisition Lists feature of Magento B2B makes it easy for customers to reorder products which shorten the ordering process further. 

These are just a few of the features that you’ll get to enjoy with Magento B2B commerce. You can partner with a Magento B2B development company to establish a stable B2B business. 

What is the Cost of Magento B2B Development?

There are two types of Magento B2B development; Basic Magento and Custom Magento development. The basic Magento B2B cost lies within the range starting from $3,500 to $8,500.

There are two packages for custom Magento B2B development. The first one lies within a range of $10,000-$15,000, while the cost for the second package starts from $18,000 and may go up to $150,0000. 

Why is Folio3 the Right Company for Magento B2B Development?

When it comes to choosing Magento B2B and Magento B2B extension development, there is no company better than Folio3. It offers elite Magento integration solutions. With an experience of 15 years in this industry, the Magento B2B development experts have spent 500,000 manhours to become the leaders in the market. The company’s technical support is unmatchable as certified experts are on the other end, helping you rapidly grow your businesses. 

Conclusion:

Magento B2B eCommerce is the best solution for all wholesalers thinking of providing an unmatchable experience to their corporate clients. It offers a plethora of features that help companies aim for long-term relationships. 

You can partner up with Folio3 for the Magento B2B demo, and you will not be disappointed.

 

FAQs:

How to hire Magento Developers for B2B Website Development?

• Try to identify your business requirements
• Get to know the required skillset of Magento developer experts
• Know the kind of developers you need
• Look for reviews and ratings
• Get in touch with former clients
• Check the portfolios
• Choose a sample test project
• Communicate and interview

Why is Folio3 the best Magento Agency for B2B Website Development?

It offers elite Magento integration solutions. With an experience of 15 years in this industry, the Magento B2B development experts have spent 500,000 manhours to become the leaders in the market. The technical support that the company offers is unmatchable as certified experts are on the other end, helping you grow your businesses, rapidly

What is the Magento B2B pricing in the US?

The basic Magento B2B cost lies within the range starting from $35,00 to $8,500. There are two packages for custom Magento B2B development. The first one lies within a range $10,000-$15,000 while the cost for the second package starts from $18,000 and may go up to $150,0000.

Read Also:

How To Build A BigCommerce Wholesale Website