The BizBlog

Emergence of bizedia for enhanced online trade

July 11, 2008 – 10:54 am

Online trade or e-commerce is on its way to become the most favored mode of doing business in 21^st century. Businesses in India are adopting e-commerce in a big way. It is expected that e-commerce transactions in India will reach $100 billion in the year 2008 and is estimated to grow at the rate of 30% each year.

India was slow in following the global trend of online trade due to lack of infrastructure and awareness of the benefits of online trade. Indian SMEs were not able to reach to global buyers due to huge investments they have to make on self network and for international market to market publicity programs. This situation forced them to look for cost effective options. Their search for cost effective solutions ended with the arrival of B2B portals. Business to Business (B2B) portals provide services cost effectively by overcoming international trade barriers and economies of scale.

World Trade Organization’s aim of offering multilateral trading system in the world, is best responded by B2B portals. B2B websites have evolved over a period of time to address the comprehensive needs of the trading community around the globe. Some companies use these portals even for their domestic trade. The innovative concept has enabled each and every business house to advertise one’s company with minimum expenditure.

There is a continuous quest for better solutions from customers. The current B2B portals are getting cluttered, there are only one or two good players in the Indian market and they are not able to meet most of the customer requirements. There exists a clear vacuum in market for better services and bizedia emerged to fill customer requirements.

Bizedia is an online portal offering directory services, online trade and product promotions. Bizedia was launched after extensive market survey and sample testing. As per customers wish its interface is made clutter-free. The goal of bizedia.com is to be a universal trading system, that will in turn allow each player, the freedom to showcase or source one’s product or service with utmost ease of doing business.

Bizedia aims to be an oracle in terms of the information presented, while at the same time being simple and efficient. Our focus is to utilize technology for promotion and enhancement of our customers’ business. The directory service lays special emphasis on prominent business houses, exporters and manufacturers. Bizedia can be leveraged to reach your audience, thus enhance and promote your business