Trust Before Trade
E-commerce – Opportunity, Challenges & Expectations
At Waybiz.com, It is our mission to optimize the Internet as a viable means for business across all industry sectors with our commitment towards maximum Trust and Transparency. With B2B e-commerce being one of the fastest growing industry today, companies and individuals doing business online expects from their online marketplace at-least to be: -
• A secure web portal which helps businesses grow.
• A portal that provides trustworthy, suppliers and minimises the barriers of distance.
• A marketplace where suppliers can market to prospective customers.
• A forum where businesses can publicise recommendations and testimonials from satisfied clients.
• A portal which mitigate risk and provides validate information about suppliers.
• A portal which provides an authenticated, certified list of suppliers and buyers.
• A web portal which helps in building trust and loyalty between suppliers and buyers.
• A web portal that provides trust in displaying the results of search businesses (i.e. information content), transactions, offerings and technology.
Why Trust is important in E-Business
In the competitive online marketplace, where buyers and suppliers may not get to see each other, Trust is Paramount. Interesting Trust remains the biggest unresolved issue in the e-commerce and online marketplace sectors.
Trust is very generic term but mainly in e-business it also refers to the availability of important information and transparency, quality of services/products, the cost, relationship with other party and the communications between the buyers and sellers.
Understanding all the rewards & risks related to trading with overseas and unknown suppliers is very important for business seeking buyers or suppliers online. Therefore, it is of paramount importance to choose the right platform, the platform which can provide services that matches the needs of buyers and suppliers in a transparent way.
How Waybiz puts Trust before Trade
Waybiz believe transparency is the most critical component of successful Trust in e-commerce. It is, therefore, what we aim to offer to our customers, a marketplace where users can seek and find information not only about the suppliers but also about these supplier’s past & existing clients. Waybiz offers users to find suppliers, products and services and trade online unhesitatingly by providing full transparency about the experience and feedback of other companies which has done business with these suppliers and thereby building a network of trust. This unique feature eliminates the fear factor or lack of awareness level among the global business users in diverse industries.
Taking a step further, Waybiz acts as a third party to verify trader’s and its connections identity. As Transparency is the key so company profiles include relevant information to help buyers find trustworthy and suitable suppliers. Buyers are able to determine the reputation of potential suppliers by reviewing their testimonies from their clients. This method eliminates the risk of trading with an unfamiliar supplier.
Showing the extent of each supplier’s customer base allows the buyer to identify which supplier best suits. Therefore, if a buyer is looking for a company who has minimum experience in buyer’s preferred industry and location, it no more need to shortlist suppliers based on their experience and customer base.
‘Connexions Ranking™’ is Waybiz unique and patentable algorithm to rank companies on the basis of their credentials and customer base. Connexions Ranking™ remains Waybiz biggest competitive edge. There is no company in the industry empowering this information and data sharing to build much needed Trust between global buyers and sellers.
is an Authentication and Verification (A&V) certificate to businesses which authenticates that the company and its connected clients on Waybiz.com have been verified by Waybiz or a third party credit reporting agency. adds an extra level of Trust and confidence among global users. Rest assured, when a user view profile of a company, he knows that the company and all its connected clients are legitimate companies.
Waybiz unique offerings
Waybiz unique offerings
Free Business profile and virtual website to market your products and services global and network with your potential prospects and other business connections
Unique Business Search Engine , which lets you search and find companies, products and buying leads using all the unique features that provides you exactly what you want.
Connexions Ranking™: - Provide you the list of companies based on their ability to add maximum trust with you.