Africa in the years past undoubtedly has done well in business by producing some of the world’s greatest tycoons. We inadvertently speak of the likes of Aliko Dangote, Femi Otedola of Nigeria, Gina Din- Kariuki of Kenya, Alan Knott-Craig Jr of South Africa, Mavvi Norman of Liberia, Patrick Ngowi of Tanzania to mention but a few, they are all successful business owners not just were they hardworking in their various franchise but glaringly they never let opportunities pass them by at any point in time, leveraging on the strength of information, read, smart and were consistent in the development of their businesses and they push it to the world through all available means day by day. Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa (Forbes.com). This couldn’t have been done without some level of exposure and information. So also as an entrepreneur, there are quite a number of opportunities gallivanting all around available for your acting upon which will involve getting the right tools to make your business go global.
As a business owner, there are some marketing strategies you have to inculcate in your business that will bring you to the limelight. And looking at the entire world today, we see that it has completely become a global village as we are already in the stream of the 5th generation of computers. In recent times, business owners make use of physical publicity means such as television, radio, newspapers and all. But in the world of today, the case is entirely different. Business owners today can publicize their products through the power of the internet which includes websites, social, media platforms, e-commerce platforms, E-mails and all. And the most gracious so great advantages of this technological age is that the information can spread and get viral and global in just 2 minutes; this is the power of electronic media. In furtherance to the above stated, I sincerely do not think marketing through the internet should be a matter of contemplation for any business owner but rather a necessity. Because Over 3.8 billion people use the internet today, which is 40% of the world’s population, 8 billion devices will be connected to the internet, more than 570 new websites are created every minute, there are over 3.5 billion searches per day on Google. https://www.internetlivestats.com/. Getting your business right is highly Germain for any business owner.
As an African manufacturer and business owner you should, therefore, be thinking of what platform that is best for your business to become world-class. One of the platforms you should be considering is AlabaMarket.com; now AlabaMarket.com is a B2B online e-commerce startup platform that is saddled with the core responsibility of introducing your business as a manufacturer to the wide range of your target audiences. So basically what AlabaMarket does is that through its platform buyers can get to meet sellers, sellers can get to meet investors. This means that there are endless opportunities for businesses to achieve set goals when registered on AlabaMarket.com. AlabaMarket.com has been awarded the best start-up e-commerce B2B online platform ln Nigeria which validates its authenticity and has long been duly registered with the corporate affairs commission. So AlabaMarket.com is basically one of its kind of the B2B present in Africa. And you know what? No matter how humble your business may seem, AlabaMarket.com is ready to grow it for you, if you, therefore, want to be a world-class entrepreneur in the shoe of the likes of Aliko Dangote you’ve got to get on board at AlabaMarket.com. In the far Asian continent, using China as a reference, there are a number of B2B platforms thriving and the most popular presently is Alibaba.com founded by Jack Ma in 1999 now has a whole nation of China benefiting from his platform and not just China, other countries do also. He has created a solution to China where certain advantages will be strictly regimented to Chinese citizens as it it is glaring that his platform was accepted by all. So also AlabaMarket is found in Nigeria and aims to make business rigor easy for the African continent. AlabaMarket is one of its kind and the lead in the world of B2B in Africa that provides numerous opportunities to the business owners. Where would your business rather be? Get it right.
The cashless policy aims to curb some of the negative consequences associated with the high usage of physical cash in the economy, including the high cost of cash, high risk of using cash, high subsidy, informal economy, inefficiency and corruption (CBN, 2011). A cashless economy displays an economic situation whereby transactions are carried out without the need to move physical cash, and this is done with the use of credit card or debit card payments (Taiwo et al, 2016). The cashless economy does not mean a complete absence of cash transactions, rather it refers to cash transactions being kept at the barest minimum. It is an economic system where transactions are not predominantly characterized as an exchange for actual cash (Swartz, and Fermar, 2004).)
Before the advent of the cashless policy by the Central Bank of Nigeria in 2011, the Nigerian economy was in all ways duly cash-oriented in its transaction of goods and services which was contrary to the global trends. With the aid of paired data samples between 2007 and 2017, this article evaluates the impact of cashless policy on the Nigerian payment system. The operations of a cashless economy were assessed based on the use of Cheques, funds transfer channels and Automated Teller Machines (ATMs) Analysis of data showed that the volume and usage of cheques as a means of financial settlement has failed and was partially replaced by electronic payment systems. Banks are getting more involved in the use of interbank fund transfers rather than a cash settlement. It was also ascertained that the use of ATM’s as a means of financial intermediation is increasing. It is anticipated that the use of ATMs will become even more popular in Nigeria in the near future. To some extent, the outcome of the study has justified the implementation of the cashless policy initiative in Nigeria. However, the innovation and operations of the policy are not without its related limitations. There are various challenges associated with its practice, ranging from poor infrastructural facilities and difficulty in imbibing the e-payment culture due to illiteracy. Other socio-cultural factors that constitute an impediment include celebrations like weddings, birthdays and festivals. On such occasions, Nigerians prefer to ”display or spray raw cash’’ rather than issuing cheques. In the application of this strategy, there are certain causative return demerits and even to add, in most cases especially in metropolitan cities, certain fraudulent and risk-bearing scenarios are almost inevitable. This article proposes to review first the importance of cashless policy coupled with its merits, and demerits.
POSITIVE EFFECTS OF CASHLESS POLICY
i. Prompt settlement of transactions: The Central Bank of Nigeria (CBN) adopted the cashless economy policy initiative that was already in use globally for a number of key reasons. This includes the need to:
Increase the development and modernization of the Nigerian payment systems in line with the vision’s 2020 goal to become one of the top 20 economies in the world by the year 2020.
Create avenues for economic growth and to reduce the cost of banking services (including the cost of credit)
Increase financial inclusion by providing more efficient transaction options that result in a wider reach.
Improve monetary policy’s effectiveness in driving economic growth and managing inflation.
Thus, more effort needs to be put in place by the regulatory authority to re-orientate the masses and to encourage the use of E–payments channels, cheques, funds transfer options and, owning/ operating of bank accounts. This will give a further boost to the development of the Nigerian payment system.
Therefore, E-banking speeds up the settlement of transactions both locally and internationally, where the bank stands as paying bank to the customers for settlement of the transaction or as collecting bank for collection of payment on transactions; and as such funds can get across to various locations within munites which provides for security, and a stress-free transaction.
ii. Reduction in the frequency of visits to banks: Unlike before customers can now transact their banking businesses in branches nearer to them and they can also withdraw money from any ATM including the ones located outside the bank where they have an account. They can also transact banking business at home with the aid of the telephone.
iii. Stimulation of cashless policy: e-banking paves way for cashless society as the introduction of electronic machines has reduced the use of raw cash thereby transiting the country into a cashless society.
iv. Reduction of theft: since robbers are attracted by volume of cash movement through bullion vans, the use of alternative electronic payment system will no doubt reduce the incidence of robbery in the society, this is one of the reasons why CBN continues to emphasize that people should buy into the policy as soon as possible.
v. Clearance of goods: payment the system in the custom services help in ensuring easy facilitation of clearance of goods by an importer, this is apart from the fact that money due to the government would be paid electronically to the right account, thereby reducing the incidence of fraudulent practices of diverting government funds to individual pockets.
vi.Cash Management Cost Reduction: With cashless policy, CBN will reduce cash management costs by as much as N192 billion annually. CBN is of the opinion that the cash handling accounts for at least one-third of infrastructural and labor costs in the sector, hence cashless policy will impact negatively the employment of those handling cash in the bank. The policy will also reduce cash related vices like robbery, cost of processing cash, revenue leakages from the cash handling and inefficient treasury management through cash processing.
NEGATIVE EFFECTS OF CASHLESS POLICY
The following are the constraints that affect the effectiveness of e-banking in Nigeria presently:
i. Erratic power supply and communication link: Power failure negatively affects e-banking infrastructures like ATM, network failure of communication link due to much congestion, change in weather also affect the policy. With a poor power supply, transactions may be half-assedly terminated during the course.
ii. Non- existence of computer back-up: There is bound to be a total loss of data on customers’ accounts if there is no backup and the entire file is damaged. This may lead to misappropriation of customers’ account, hence the bank should maintain back up of all its information outside the bank’s premises.
iii. Inadequacy of funds to invest in information technology: Most banks find it difficult to fund procurement of modern equipment needed for e-banking. Nevertheless, there has been tremendous improvement in the automation of bank operations in the country in the last 5years but there are still rooms for further expansion so as to catch up with hi-tech, which is in vogue in developed countries.
iv. Replacement of workforce by machine: Electronic banking has now somehow reduced the number of employees needed to handle most transactions in the bank as most work done by workers is now being handled by machines thereby translating to an increase in the rate of unemployment in the country.
v. High bank charges for the use of e-banking machines: commission charged by the bank on ATM transactions, as an example, is too high, thereby discouraging customers from using it; Central Bank of Nigeria is working out a modality to stop forthwith charges for usage of ATM. This will be a sort of relief and stimulates the effectiveness of the policy in Nigeria if fully implemented.
vi. Low acceptance by the public: many people have burnt their fingers as a result of fraudulent withdrawals from their accounts through the use of ATM by unscrupulous individuals who believe in using master cards to withdraw money from unsuspecting individuals. Not to mention situations whereby customers are debited by the ATM with withdrawals not supported by cash that fail to drop down from the machine as expected. Customers are discouraged to use the machine as it takes a longer time before the wrong debit is reversed if it does not end up unsolved.
EXPLORE THE LARGEST REPUTABLE PRODUCTS AT WHOLESALE PRICES AT ALABAMARKET.COM:
AlabaMarket has built and inculcated a positive repute among the online e-commerce trading platform in Africa as a consequence of its ideal marketing solutions, contemporary features, practical tools, and substantially because of its massive directory of well-known manufacturers and exporters. Our platform caters to a vast number of industries and features the most comprehensive range of the finest quality products collected from numerous world-class manufacturers or brands of the industry. We invite all the wholesale buyers and importers to join us and relish the privileges offered by the leading B2B online platform – AlabaMarket.com.
We are very elated proud to present the entire importing community with the utmost opportunity to browse and purchase their desired products from their preferred vendors and brands without the fundamental requisite of paid membership. AlabaMarketl has unlocked its doors for all the buyers and importers, belonging to various regions of the world to join us and get the chance to shop from the complete and comprehensive collection of excellent quality products that are in accordance with the international standards. We have accomplished to assemble a multitude of ground-breaking deals at the most cost-effective rates. Whether you are among the eminent importers of the market or you are preparing to dip your feet in the vast ocean of importing industry, AlabaMarket aims to be the one-stop destination for all your business requirements. Our platform is engrossed in serving all the buyers with their cross border trade operations by furnishing them the most feature-rich B2B marketplace explicitly designed to accommodate the fierce competition with competent trading leads that could make a difference and takes your business to the new heights of success.
MOST EXTENSIVE ASSORTMENT OF QUALITY PRODUCTS:
AlabaMarket provides an effective and efficient platform that allows for good user experience. All products are arranged in their categories for a better experience while using the system. AlabaMarket is a transparent e-commerce online B2B marketplace that is gratified to be validated as the only wholesale platform that hosts the most extensive and wide-ranging variety of excellent quality products collected from the top grade manufacturers and suppliers of the industry. In our broad range of products, we have efficiently incorporated everything that any online buyer or importer can ask for. You can rely on us to get closer to the admirable collection of the highest standard of articles to satisfy the diverse requirements of assorted clients.
ALABAMARKET GIVES MORE AT DISCOUNTED RATES
AlabaMarket.com is a comprehensive online B2B platform that offers the most esteemed discounted deals on the entire collection of the finest quality products. Our all-inclusive and influential platform was instituted with the objective to facilitate the buyers and importers, all over the world and thus we are furnishing the ultimate opportunity for all the importers to get their hands on the best range of quality products at the most affordable rates. We are keen on bringing prosperity to the wholesale importing community and thus ensure the availability of every possible variation of products from numerous industries at the prices that are justified with their quality.
CONVENIENT TRADING PLATFORM:
Our platform employed the most dexterous and contemporary features to get the manufacturers and buyers of the world closer to each other. We aim to bring positive alterations in the global trading model and thus we have devised a responsive and convenient online marketplace where business entities are invited to connect and interact with each other, allowing strong trading alliances to flourish. We provide an opportunity for all wholesale buyers to join our online trading platform and get the best products from local as well as international markets. AlabaMarket takes pride in being an accomplished platform that is easy to use and equip its users with the most efficient tools to bring them closer to their desired products in a hassle-free manner.
RELIABLE SELLERS:
AlabaMarket has the potential to prove itself to be the exact platform that you require in order to reach millions and millions of potential genuine suppliers. It is our utmost pride to have assisted numerous business entities in finding the exact audience that they yearn for. You can trust us to enrich your business opportunities by connecting to a whole new world of dependable and reliable suppliers, exporters, and manufacturers regardless of the regional or border restriction.
RELIABLE & SECURE PAYMENT OPTIONS:
We stay very true to our promise to support the buying community, we have developed secure and safe payment options for all our clients. With AlabaMarket at its service, importers or buyers are no longer needed to be concerned about making large payments. Our platform utilizes Secure Connection, which encrypts and hides all your personal information from unauthorized people.
ALABAMARKET STAYS UP TO DATE WITH THE CONTEMPORARY TRENDS OF THE B2B INDUSTRY:
AlabaMarket is pleased to host the largest directory of elite manufacturers, brands, and distributors who are continuously and diligently exhibiting their fresh collection on our platform. We invite all the buyers and importers to join us and reap benefits from our all-inclusive directory of trendy and up to date products. Stay on the winning trend of the industry and get first-hand knowledge about the newest and latest products being introduced in the industry through our portal. We believe in empowering the individuals through the updated product catalog, buyer tools, and advanced services.
EXPLORE THE COMPREHENSIVE DIRECTORY OF GLOBAL MANUFACTURERS AND SUPPLIERS WITH ALABAMARKET:
AlabaMarket is a well-reputed online trading marketplace that is successfully bridging the gap between manufacturers and buyers by furnishing them with a sophisticated and convenient online platform to exhibit and order their desired products, bringing the international market to their fingertips. Getting everything that you require was never easier before, but with AlabaMarket is at your service, expect to gear up your business with excellent quality products from anywhere in the world. Our platform efficiently caters to more than 38 industries and its subdomains to serve the entire trading community with a vast variety of products and supplies, enabling them to boost their business and enhance their reach into the international market. AlabaMarket is a proud source for all the wholesale importers to find and connect with the reliable manufacturers, suppliers, exporters, distributors, and vendors of the industry. We have successfully garnered an impressive reputation with our steadfast service, ideal marketing solutions, and unfaltering dedication towards innovating convenient trading operations. Continuing our legacy of proficiency, we have mustered up the most comprehensive product directory of quality articles assembled under one hood to devise the one ultimate catalog, including all the possible variations of products that comply with the international standards.
HUB FOR ALL TRADING OPERATIONS:
AlabaMarket is well versed in creating the ideal possibilities for both, wholesale manufacturers and exporters as well as buyers to come together to exhibit their excellent collection of products in front of a vast, global audience or purchase their desired articles from the renowned and elite brands. Our platform hosts the most significant directory of globally recognized industries and brands who are diligently presenting a complete range of products, making everything available to you with just one click. If you aim to outstretch your business and want to find new and reliable buyers from across the globe, then this is the chance for you.AlabaMarket is a secure online trading marketplace for every buyer to connect and form business alliances with trustworthy wholesalers to extract fruitful results.
INTELLIGENT FEATURES TO TAKE YOUR BUSINESS TO NEW HEIGHTS OF SUCCESS:
AlabaMarket was instituted with the sole objective to devise a facile and convenient trading model for all the manufacturers, buyers, and marketers of the industry. Staying true to our promise, we have developed a wide-ranging and extensive array of intelligent features and tools that can efficiently take you to your desired products. AlabaMarket believes in empowering individuals through furnishing them the perfect opportunities to reach their goals with the help of our dexterous features and convenient search tools. With our smart features, you can expect to get the direct quote from the product providers, after filling out the request form. We are furnishing you with the uncomplicated and simple search tools to aid your searching process. AlabaMarket is sure to awe and enthrall you with a rich array of exclusive features, especially designed to assist the trading operations.
GET THE ADVANTAGE OVER YOUR COMPETITORS:
AlabaMarket is engrossed in bringing prosperity to the entire trading community from anywhere in the world by providing them a facile platform to browse, explore, and order everything they are looking for. We are delighted to bring all the excellent labels and brands of the industry to you! With just one click you can get in touch with the premier suppliers and manufacturers as well as find the authentic or trustworthy global buyers to amplify business growth. We guarantee all the wholesale importers to find everything they are looking for and explore a plethora of related products from various credible manufacturers and distributors. We have amassed a vast directory of authentic exporters from around the world who are presenting their best-made products that will surely benefit your business significantly. AlabaMarket takes pride in efficiently providing its extensive client base with the absolute buying information about all its industries and their subdomains to assist you in refining your search. Buying information is present at the bottom of every category, appropriately informing about the particular category and what can be expected to find in the collection. AlabaMarket not only provides information about the products but it also delivers knowledge about the suppliers, to help you in making the right choice. Join hands with us and contribute to your gleaming future.
WHY CHOOSE ALABAMARKET.COM AS YOUR TRADING PLATFORM:
AlabaMarket has assuredly morphed into the ideal online trading portal with its wide global reach and an extensive directory of satisfied customers that continues to grow with every passing day. With our far-sighted vision and a keen understanding of the latest trends of the market, AlabaMarket is the perfect platform that will serve everything you or your business craves for. Our platform, transpiring on the leading position enjoys the perk of owning the largest directory of manufacturers and suppliers who are exhibiting their best collection in front of a broad audience. We enjoy the presence of millions and millions of buyers on our platform at any given time enhancing your chances of closed deals. With the competition steering all up high, you need to magnify your reach in every possible direction to stay relevant to the business and attract your target audience to form long-lasting business partnerships.
GUARANTEED QUALITY AT AFFORDABLE RATES:
AlabaMarket is well versed in catering to the diverse necessities of our clients by offering them uncomplicated and intelligible access to the international market. All the wholesale importers can rely on us to get them delivered with everything that they or their customers’ demands. Being accredited with the topmost position among all the online B2B platforms, we are hosting a plethora of wholesale manufacturers, suppliers, retailers and distributors from all across the world. All these eminent industry players are concentrated on our platform and are involved in exhibiting their excellent quality collection at the most affordable rates. We are committed to helping businesses in getting their hands on the highest quality products from any region of the world. AlabaMarket has created durable components to provide the safest way to find and connect with reliable businesspersons and allow the trade to flourish with confidence.
FIND B2B BUYING LEADS FOR YOUR BUSINESS AT THE BIGGEST E-COMMERCE PLATFORM IN AFRICA
AlabaMarket is a supreme leader among the B2B platforms in Africa. For renowned suppliers and wholesalers who are thinking of setting foot and a remarkable pace and signature in the market with their export quality goods, our platform (AlabaMarket.com) is providing you a one-stop online e-commerce shop where you can get your products the exposure they need. With AlabaMarket, we promise you that the selling experience we provide you will be nothing short of spectacular. The exposure our site provides your products will bring a profitable boost to your business and numerous buyers will come your way from various international regions. As this is getting a wider market is key to any profit-making enterprise. Our directory of buyers and importers is vast and filled with authentic and reliable names of their respective industries, waiting for the right manufacturers to jump on.
Generated leads play an important role in the elevation of a business. Leads are basically individuals or organizations with an interest with what you are selling and the interest is expressed by sharing contact information, like an email ID, a phone number, or even a social media handle. With organized handling and the right amount of effort, these leads become fruitful and provide revenue for your business in the long run. AlabaMarket is the largest B2B marketplace in Africa, where the every day millions worth of deals are being made with successful leads. AlabaMarket.com is having a massive global presence, with over millions of buyers and importers from various industries looking for goods at affordable rates and bulk quantity. AlabaMarket gives you the perplexing zeal of having direct and free access to the global market place, this is the best kind of exposure which no other B2B site is offering around Africa. Using our site, your products will reach to the worldwide buyers’ market where you will be connecting with genuine and authentic buyers.
Our aim with AlabaMarket is to provide magnified trade opportunities to small and big businesses alike. We are serving as a bridge between importers, manufacturers, buyers, distributors and sales experts to come along on a single podium looking for best-discounted deals and impeccable service to clients. We are providing a free browsing atmosphere for our users, where buyers are gathered from every corner of the world. Our responsibilities include facilitating our users to every extent and thus enabling them to sign up to our website for free and taking advantage of the innumerous benefits we have stacked. Choosing AlabaMarket either as a manufacturer or as a wholesaler as your business partner will be your first step towards the elevation of your business in the right direction. Below we have mentioned some prominent privileges which will benefit you, once you join hands with us.
ALABAMARKET PROVIDES YOU VERIFIED BUSINESS LEADS:
If you desire to increase the number of business leads you to get on a daily basis, then look no more as in the form of AlabaMarket you have found the most reliable source for business leads which will prove profitable in the long run and establish business relationship with renowned importers and buyers from different regions of the world. With our platform, your business will skyrocket with the best profit rates. Our site is a home for authentic and reliable buyers who are in search of just the right deals by trusted manufacturers of the industry. Think you are a perfect match? Wait no more and join our site and be endowed with profitable leads which will guarantee you millions of profit.
ALABAMARKET OPEN DOORS FOR YOU TO NEW OPPORTUNITIES:
Our site is a well-known and reliable business phenomenon. You can be assured of the international market viewing your products for purchase. The amount of trust and faith instilled in us by our users is what makes the buyers and importers from international regions to trust us. We are having a large number of buyers from the African continent. AlabaMarket is the simplest way for you to attract a myriad of Importers of your export quality goods which will result in elevating your business.
COST EFFECTIVE AND FREE ACCESS:
AlabaMarket benevolently offers buyers and even potential buyers to surf its website freely and connect directly with the prominent and reliable manufacturers like you without any hurdle or payment to a middleman. With other B2B platforms, you have to pay to be able to access basic features, which is a huge turn off for buyers and importers. However, with us, you will see the buyer turn out is good because of no hidden fees of any kind through our free access scheme. AlabaMarket is a cost-effective platform with no encapsulated charges and payments for you to worry about. Buyers are allowed to get access to international markets of USA, UK, UAE, and Asian countries and connect with reliable and manufacturers who are famed due to their quality products and excellent services. Congruent
CONGRUENT & IDEAL MARKETING SOLUTION:
AlabaMarket.com is one step ahead of conventional and nominal marketing methods of the Stone Age trading system. As we know that time is money, and you must not be having enough of it. With us, you do not have to visit multiple countries and spend your hard-earned money to market your products in a new country or region. Come to us, and we will do that for you. AlabaMarket enables you to market your products to a huge international audience without any limit. Geographical hurdles are now a thing of the past as by signing up, your products will be exposed to the whole of eager and interested buyers.
PRIVILEGES OF BUSINESS WITH ALABAMARKET:
As a standard B2B firm, we see to the ease of our customers and investors, and some of the ways we get this done is by inculcating universally inclusive categories, a long list of buyers, safe and fast transaction options, 24/7 live support; these all are the notable features which allow AlabMarket to stand out among the other B2B sites. You will be amazed to see the ease of trading we provide to our users.
Being the prestige B2B presence, our sole aim is to spread your business cross-border with genuine leads. Want to experience trading in a dignified manner with a platform equipped with all the necessary tools? We invite you to experience trading the AlabaMarketway!
AlabaMarket.com is Africa’s largest business-to-business e-commerce platform that connects manufacturers worldwide to the Africa market. AlabaMarket.com is one of the most significant online B2B trading platforms that cater to a vast number of industries. It was instituted with the prime objective to bring innovation and convenience to the global trading model. It has morphed into the most explicit and transpicuous B2B trading portal that brackets millions and millions of wholesale buyers, sellers, vendors, distributors, and importers on one platform. Our internationally influencing online trading portal accommodated a multitude of registered users and is still venturing to augment its database all across the globe.
AlabaMarket.com helps facilitate safe trade between Africa and the world by providing a well-secured payment platform “ALABA PAY” which protects both the buyers and sellers from fraud while “Alaba Logistics” helps with the shipment of goods from manufacturer location, to the location of demand. When your business is registered on www.alabamarket.com you are directly connected with the fastest-growing consumer markets in the world, which is a population of over 1,216 billion. We help your business penetrate the African market and create huge sales for you. AlabaMarket is wholesomely advantageous for every business person to be it a manufacturer or a wholesaler.
Benefits of our platform to manufacturers include:
Manage suppliers more efficiently
Reach new customers in African and the rest of the world
Stay ahead of your competition
A secure business transaction system
A stress-free shipping process for manufacturers
Bigger order values and higher conversion rates, customers orders in wholesales
More business opportunities
Lower operating costs
Sales Assurance
Benefits of our platform to buyers Include:
Quality of product assurance
Direct purchase from manufacturers
Fast product delivery
Secure
Accurate items at the point of delivery (What you order is what you get)
Clumsy free transaction
Effective digital solutions provided by AlabaMarket.com
AlabaMarket is an award-winning B2B e-commerce platform that has successfully cultivated the reputation as the top B2B platform in Africa that aims to curtail and metamorphose the trading gap between various trading entities with the help of efficacious retail solutions, beneficial tools, and functional development solutions. This platform is predominantly designed to provide for the fierce business competition with a secure, vigilant, reliable and legitimate medium of trading. AlabaMarket has been onboard to bring solutions to manifest problems which have existed hitherto in the world of business
ALABAMARKET MODALITIES
How to buy
You can select from the following options to search for the suppliers or your desired products:
1 – Register as a buyer:
After signing in on AlabaMarket.com, to buy products, you will register as a buyer, then verify your e-mail in your mail box, after which the system will generate products for you on the website. To do this, just navigate the register as a buyer button on the platform.
2 – Search for Products:
Haven done the above, then you can reach your desired products by either entering the keyword into the search bar or browsing through the categories present on the front page. After finding your demanded product, send a direct inquiry to the seller.
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How to sell
Below are the two options to find buyers on AlabaMarketl:
1 – Register as a seller:
After signing in on AlabaMarket.com, to buy products, you will register, then you’ll have to verify your e-mail in your mail box; so as a seller so the system takes you to a page where you can upload your products. To do this, just navigate the register as a seller button on the platform.
2 – Post Products:
You can easily find multiple buyers for your products by posting them on our platform. To display your products, visit AlabaMarket and tap on “Start Selling” then you’ll be live for global sales
Check your account to stay updated with the inquiries against your products.
Membership
Membership at AlabaMarket.com is free. What is just needed is your registration either as a buyer or seller. The market place in the global world today is very competitive and to reach your desired goals in the competitive market, expanding your business internationally is highly advocated. As a free membership holder, you can benefit from the below-mentioned services to reach potential buyers/suppliers:
Display Products:
At AlabaMarket, after registering as a seller, you can attract reliable and authentic buyers to your brand by displaying your products at AlabaMarket.com. To post your products, visit AlabaMarket.com> Start Selling and submit after entering the product information.
Display Buying or Selling Leads:
You can find buying and selling trade offers on our platform. It is more advanced and direct then products.
Get Trade Alerts:
With trade alerts, you can stay updated regarding the freshly posted trade leads, product directories, and business profiles email based on your selected keywords and categories.
Paid Membership Packages:
At AlabaMarket we have 3 membership packages. They are Basic Gold, Gold Advance, and VIP for more information visit http://www.AlabaMarket.com
What are the benefits of opting for our paid membership? With our paid membership plan you can expect to have the following benefits:
* • Connect to the potential global buyers in seconds.
* • Allow buyers to invest trust in you faster.
* • Convenient access to 3 million buyers.
* • Generate personalized company website.
* • Enjoy with free advertising packages
* • Receive free monthly credit reports and a lot more.
We recommend our premium membership to the following users:
* • Ventures who wish to start an online business.
* • Business owners are looking for buyers in the international industry.
* • Traders with the aim to successfully penetrate into the global market.
* • Everyone who is not content with other B2B websites.
How to search for your desired products?
There are two methods to search for products:
* • Keyword
* • Category Browsing
Keyword Search:
Enter the keyword related to the product you are looking for in the search bar present at the top of the main page. (https://www.alabamarket.com/)
Suggestions for keyword search:
* • Use multiple keywords. For instance, when searching for “Clothes” You can also search for “Polo”.
* • Try to avoid non-specific keywords with multiple meanings.
* • Be precise with your keywords. Rather than searching for “Sandals,” enter the defined keyword like “rubber sandals” or “leather sandals”.
* • Use the keyword that might be included in the description of what you are looking for.
Category Search:
You can browse through the list of categories present on our website to reach to your desired products. If you are unable to find what you are looking for, then try our “Advanced Search Option.” This option allows making search easy for you. You can find options with “Advance Search” to make your search more precise and get beneficial results.
Question 1: Can AlabaMarket find buyers and suppliers for me?
Answer: AlabaMarket does not run searches for individual users. But, we keep all our registered users updated with the freshly posted products or traders via email.
Question 2: Does AlabaMarket itself takes part in exporting, importing, and trading?
Answer: AlabaMarket itself is not a part of trading activities. We only provide a safe marketplace for all the buyers, sellers, and traders of the industry to connect and form business alliances. Moreover, AlabaMarket does not interfere in any business dealings or transactions between traders as well.
Inquiry:
Question: What do you mean by Inquiry?
Answer: Inquiry can be explained as an Email sent to either buyer or supplier, with reference to their products, buying or selling needs, or any other such information. At AlabaMarket, we make it easier to manage all your inquiries, with our convenient Inquiry Management system.
Answer: How do I send inquiries? By following the below-mentioned routes, you can send inquiries: Inquiry Regarding a Product:
* • From Product Page
* • From the Search Result Page
* • Company Website (www.AlabaMarket.com)
Sending Reply from Inbox:
In case you have received a product inquiry from any buyer/seller you can comfortably use our inquiry management system. To reply to the received message, click on the “reply” option.
How can I get more responses?
* • Ensure every information related to your contact details is updated and correct.
* • Try being precise while sending the inquiries.
* • Be sure to identify yourself in inquiries.
* • Stay alert and attentive of the inquiries that come your way to answer them speedily.
Advertise With Us
Enjoy the leverage of Advertising on the largest Online B2B platform in Africa. AlabaMarket is listed among the most prominent and influencing online B2B trading marketplaces, that takes pride in hosting a multitude of buyers and sellers from all across the world. Excellent Marketing Opportunities. AlabaMarket with its ideal marketing solutions empowers the buyers or sellers to step up their marketing means and reach their targeted audience by displaying their products in our banners, top listing ads, and in the latest products. Cost-Effective Advertising Options. AlabaMarket is a budget-friendly and ideal place for effective advertisement. Our professional designers will design a creative ad for your website to advertise your product on our platform, free of cost. You can rely on us to get the best free and reliable services. Types of Advertisement:
* • Home Page Advertisement: Home page advertisement ensures maximum exposure. Join us and display your banner on the front page, gaining more than 2.8 million views every month.
* • Featured Product Advertisement Feature your products and allow them a chance to be displayed on the top.
* • Top Selling Product Advertisement You can also post your ad in the top-selling advertisement box to build the trust of customers in your products.
* • Banner Advertisement Post your ad in the specially targeted banner areas according to your needs. Let the users discover your products on “Buy now” or “Sell now” page.
* • Product Page Advertisement Do you know that the product page is one of the most visited pages? Give your business the maximum exposure by displaying your ad here.
Extortionate Exposure: On the main page of AlabaMarket, feature ads are to have appeared on a rotational basis. This enhances your chances of getting noticed by a massive number of potential customers.
Augmented Number of Click Through:
Holding the feature ad properties, your products will receive more clicks than the ordinary ones.
Effective Exposure:
Attract the attention of millions of buyers and get multiplied business opportunities.
Category and Keyword Search
Search by Keyword:
The Keyword-based advertisements are displayed when a buyer searches for something using the keyword option. These ads are posted on the topmost area of the page, where the buyers can see them easily at first glance. Apart from that, it is also possible to post your ad on the side banners of the search page; both will maximizer the chances of your products attracting the potential customers for better trade relations.
Search by Category:
These ads are displayed when the buyers look for their desired products while using the category browsing method. To browse products via categories, select the one, closest to your required product from the categories mentioned on the main page of AlabaMarket and find the top listings on that page.
Category and Keyword Search
Monthly Newsletter:
AlabaMarket hosts more than 150 thousand registered buyers, sellers, service providers, and traders. Placing your creative ad banner in our newsletter will help you get maximum exposure and empower you to reach a massive number of potential buyers who actively go through our newsletter.
Getting onboard:
What is alabamarketl.com?
AlabaMarket is a complete B2B e-commerce online trading platform having extensive experience in the trans-border trade and digital marketing strategic catalog schemes
Why should I create alabamarket.com account?
We have created long-lasting components to bridge the trading gap between variegated business entities and are bringing innovation through information technology in the conventional online trading model to enhance brand development services. To learn more about us visit https://www.alabamarket.com/about-us/
Would creating an account on AlabaMarket.com be free of cost?
Yes, you can register on AlabaMarket.com either as a buyer or a seller because it is completely free of cost. In order to become a free member:
Nigeria is the most populated country in Africa and the economy of Nigeria is a mixed economy, middle-income, and emerging market, with expanding manufacturing, financial, service, communications, technology, and entertainment sectors. It is ranked as the 27th-largest economy in the world in terms of nominal GDP, and the 22nd-largest in terms of purchasing power parity. However, the Growth rate in Nigeria has been explicitly massive with a population of over 190 million people which poses high expectations from the Nigerian masses. Nigeria is largely an unorganized retail market with a tax collection of roughly 6% GDP.
Nigeria’s tax revenues are lower than its regional peers. The government is said to have been working on several fronts to double the ratio this year 2020 which will involve long-term policy reforms as well as targeting foreign direct investments.
For every world-known business is a business plan, a business plan is basically a guide or a roadmap for a business that enlists details, goals, know about and important strategic patterns to achieve business set goals. So a business plan basically is all needed strategies to be applied for a business to succeed. Much more than documentation, a business plan represents the vision and mission of a business, details of approaches to achieving them. In the world of today, it would be a weird scheme for an entrepreneur or a business owner to achieve much without documented business planning. Every business needs to have a written business plan. And not just a business plan but a strategic in approach.
To start with, as a business owner, don’t swallow the obsolete idea that the business plan must be a long formal document as if it were some term presentation paper you have to write. This is archaic and not true anymore, not in the 21st century. While every business has a massive advantage to gain from walking through the business plan process, only a small subset needs the formal business plan document required for seeking investors or supporting a commercial loan.
Most business owners need just a Lean Business plan, for internal use, with just bullet point lists and important projections.
B2B is an acronym for Business to Business; its actually a commerce transaction whereby manufacturers are in active business relationships with wholesalers electronically. It’s a sector where businesses thrive because there is one platform where diverse kinds of businesses can be registered hence giving the customer privilege of seeing varieties of business products all at a glance. According to bluecorona.com, Most B2B buyers are already 57% of the way through the buying process before the first meeting with a representative. (Accenture, 2018) which means that there is an assurance of customers that will trade and sell on the B2b platform and if invested upon, will yield more.
A market remains the most effective place for the sales of goods and commodities produced by manufacturers today. A market is basically a place where buyers and sellers meet to exchange goods with monetary values and vice versa; explicitly, we don’t just speak and explain a market only on the basis of where we buy and sell, much more than that is that it is expedient also to understand also that all markets have specific environment for products to sell. One of the problems of certain businesses today is that they are not in their market environment/niche hence placing an inevitable limitation on product sales.
However, irrespective of any business environment available for the sales of any product, every business in the world can be online I.e on the Internet(social media, websites, blogs, newsletters). Even record has it that the fastest-growing segment of the internet is mobile media users (vpnMentor); if only social media could be the fastest, it must have been than individuals, businesses, conglomerates would have been making their sales online because it is one if not the most effective ways of getting across to a wider market. That is why every conglomerate or business owner has to understand how to trade online in order to achieve set goals.
Businesses thrive when they are on the right platform.
What about a world thriving a business? you might want to ask. It’s news no again that most of the businesses making waves all over the world today are influenced through the media which basically are internet, social media platforms and websites; which is a pointer to the fact that businesses that are oblivious of the so great advantages of the media would probably not do much well. According to skyworld.com, every seconds 11 people use social media for the first time. It then turns out to be that one million new people would be on social media especially which means that businesses running online has the propensity to meet more customers. There is a platform where your businesses can get global. AlabaMarket.com is the best of its kind, and Africa’s no 1 B2B eCommerce platform online giving opportunities for business to get to meet with other business and potential investors. So Alabamarket.com basically allows your business to go live.
In the market of the business world today, there are certain strategies if when applied yields great productivity in the growth of any business. And there are various ways of giving your business a total leap from one stage to a more higher stage. It is therefore expedient to take note that transmogrification of any business would not be conspicuous without a predetermined structure of getting the target audience. We speak of structure in terms of the availability of resources for strategies to work out optimally.
Your business is what you say it is
As a business owner, your business can reach more than 1000 to potential customers and investors just in 5 minutes if your business is registered on AlabaMarket.com the no 1 Africa’s B2B platform; this is will be a huge quantum leap for any business. Let’s give you an insight as to how your business can grow through some insightful strategies to give your business a quantum leap.
AlabaMarket B2B Blog 