WeMarket has launched a business-to-business marketplace, allowing buyers and suppliers to trade with new business partners all over the world in a personal, safe and transparent online environment.
WeMarket, from the founder of easy file-transfer service WeTransfer, enables companies of all product categories to trade globally on one platform and explore areas of business that would otherwise have remained uncharted. Over 30 industries are already trading on WeMarket, after joining the marketplace during the beta phase that started in the summer of 2015, varying from wine to consumer electronics and refined oil to fashion apparel. Currently, products on the marketplace include brands such as Nike, Apple, Samsung, Castrol, Riverdale Mills Corporation, Volkswagen and Dom Perignon.
Online trade expected to take a 27 per cent share of the total B2B trade by 2020* at a calculated value of $6.7 trillion**.
Patrick Steenkist, CEO of WeMarket comments: “Small and large companies are tired of missing out on billions of dollars in trade opportunities currently hibernating in non-transparency and old-fashioned tradesmanship. WeMarket promises to make an end to this status quo, by enabling international trade for a variety of companies – from large to small brands, retailers, distributors and many more. It’s 2016! Connecting is easy and instant now. WeMarket’s online marketplace empowers companies to get in touch quickly and overcome boundaries. This will stimulate global trade.”
WeMarket gives companies new opportunities to grow trusted relationships in the market through WeMarket Karma, a cutting-edge reliability rating, which metrics include credit scores, business profiles and user ratings. WeMarket Karma will also include a buyer and supplier’s impact and actual trade behavior, such as timely delivery and payment. WeMarket Insights consists of a personalized dashboard that provides real-time updates of the products that are in stock or demand. WeMarket also provides companies with a segmented targeting feature that allows companies to market their products by country, industry and product category.
“Growing your business by taking a chance on new opportunities is appealing. However, it’s often time-consuming, since trusted relationships aren’t built in a day, right? Well, we believe they can be built in a split second,” says Gijs van den Broek, CCO of WeMarket. “It’s about giving back. We use the vast amount of trading data generated by our users to equip them with the tools to seize opportunities they would otherwise have missed.”
WeMarket’s user-orientated marketplace is intuitive, all inventory files can be uploaded for easy product placement and services of partners such as UPS, Dun & Bradstreet, SGS and American Express are an integrated part of the platform. These features make B2B trade more streamlined and eliminates hassle. Companies can sign up for free unlimited trading, as WeMarket employs a Freemium model with paid premium features.
Companies trading on WeMarket said of their experiences:
Segway/Ninebot – “WeMarket helps us connect with relevant buyers on a marketplace that’s safe and exclusively built for B2B. It opens up new customer groups we couldn’t get in touch with or even knew existed. WeMarket has connected us to a supplier in the horticulture sector, which turned out to be a great fit for us. These kinds of opportunities are very promising and we expect WeMarket to become an essential part of our distribution strategy,” says Piet Kruijt, Managing Director at Segway Netherlands.
Gibson Innovations – “We strongly believe in WeMarket. It’s a unique online platform with an exclusive B2B network, bringing us in touch with new buyers. Also, they listen to their users and are constantly using their input and trade behavior to improve their services. This is why we became a supplier early on,” says Lex Mollman, Global Senior Account Manager at Gibson Innovations.
* Source: Forbes Frost & Sullivan research, April 9th 2015 – Future of B2B Online Retailing** Source: IHL Group, May 2015 – Retailers and the Ghost Economy
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