B2B Wizard What exactly is B2B?
On the internet, B2B (business to business) is the exchange of products, services or information between businesses rather than between businesses and consumers. Although early interest centered on the growth of retailing on the internet (B2C), forecasts predict that B2B revenue will far exceed B2C revenue in the near future.
According to studies published in early 2000, the money volume of B2B exceeds that of B2C by ten to one. Over the next 5 years, B2B is expected to have a compound annual growth of 41%. The Gartner group estimates that B2B revenue worldwide to be 7.29 trillion dollars by 2004.
In early 2000, the volume of investment in B2B by venture capitalists was reported to be accelerating