Trade portals or global e-marketplaces are divided based on the nature of business models broadly. Predicated on the mode of procedure, B2B trade portals are categorized as,

Buyer-oriented

Buyer-oriented B2B trade exchanges are managed by a community of customers who want to support a competent purchasing process. For customers, this environment really helps to acquire the best prices for products from retailers along with reducing the administration cost. However, clothing suppliers can advertise their catalogue to focus on potential customers.

Supplier-oriented

Supplier-oriented e-marketplaces are referred to as supplier directories also. This kind of trade exchanges is handled by merchants who want to create an online product sales channel for the audience. They offer sellers a greater presence on the market, which assists in attracting more prospects. Buyers also reap the benefits of supplier web directories by getting usage of info on profiles of merchants and relative services and products. Moreover, services and products could be searched conveniently.

Independent or third-party

Independent or third-party trade exchanges are operated and managed by a third-party that provides a common online B2B system to buyers and retailers. Registered people of independent e-marketplaces can gain access to display advertisements, quotation requests, or bids regarding their industry field.

Vertical trade portals