[00:02] no one has any idea.  Someone is asking for business ideas from Chat GPT.  So sell sports, clothes or ice cream.  But all of them do not know that 90% of the businesses are failing today.  Where mostly there is D to
[00:16] C business.  Where you sell your product or service.  Directly to the customer in which you have to dispatch each order directly to the customer. refunds are subject to separate costs.  There is a separate hassle of giving discounts and the competition is so
[00:31] high that it is very difficult to get repeat customers. And this is the entry of B to B.  Meaning business to business. In this there are less customers but the order value is very high.  Here you sell your product in bulk to
[00:44] another business, which further earns profit by selling it directly to the customer in retail.  The very tiny.  There are very few. But the advantage is that the expenses on ads and marketing are very low and the sales are very high.  In fact, the
[00:59] risk of returns and refunds is also negligible. And if here you build a good relationship with your customer then the same customer gets repeated for a long time.  Be it 6 months, 1 year or 2 years.  Now how does this B to B business work?
[01:12] What is its step by step road map? What needs to be done for this?  And if I have to do this business today, what will I have to do ?  If you want answers to all these questions then ?  If you want answers to all these questions then
[01:24] Step One: Before selecting any product category, ask yourself these five questions. First, do you have knowledge of that category ?  Secondly, is that product really solving any problem?  Third, can it be sold in bulk?  Fourth, is
[01:39] there less risk of damage or return?  And fifth and last, is his supplier near your location?  Use these five questions as a filter. If the answer to even one of these questions is negative, then run away from that category.
[01:54] and finally finalize the product which has the highest demand. If you ask my advice, it would be easiest for any beginner to start with three categories.  The first is packaging material like corrugated boxes,
[02:09] polybags, tapes, labels, bubble wrap, courier packaging and the everyone is doing e-commerce.  The second is industrial raw materials like adhesives, clinical chemicals, safety gear, lubricants and you will sell this to
[02:25] all those people who sell directly online on Amazon, Flipkart or sell auto parts accessories offline to people in retail or wholesale.  Third is corporate supplies like stationery, printer supplies, pantry items, office
[02:39] essentials, uniforms and within all these you have a huge audience.  You can sell all this to anyone.  Step number two supplier.  Look, without suppliers your business is just an idea.  First of all, find 10 to 15 suppliers in your category and
[02:53] ask them these four questions clearly. What is the first minimum order quantity?  Second What is bulk pricing?  Third, if we order today, how many days will it take to deliver and fourth, how many days will it take to clear the payment ?  Finalize the supplier only if the answers to all these questions are
[03:09] in your favor. And yes, never trust one supplier. Always have a backup supplier. Step number three: Sales pitch. After finalizing both the product and the supplier, you will have to prepare your sales pitch.
[03:24] In which you will also have to set up a proper office. So that you can look like a professional businessman among random suppliers.  For this you will have to prepare a product catalogue. All slabs of bulk prying will have to be mentioned.  Basically, you should know
[03:37] what problem you are solving for your potential client so that you can make your client feel that their business is incomplete without your product or service. Step Number Four Client Outreach.  To bring in clients, you will need to
[03:50] market yourself on all the platforms where your potential clients are already present.  Like on Lindin, at business events, exhibitions, or even host your own event. Where
[04:04] you can spread your own awareness by inviting the biggest founders of the industry. Step number five conversion and closing.  Now the trials start, giving samples, showing product demo , sending quotations to clients. In this phase, comparison starts as to
[04:17] why your product is better than others. And after all this, finally you pitch your offer to the client as to what value they will get at what price, how long the contract will be and so on.  But one thing is that you have given your offer but the
[04:31] you have given your offer but the Keep following up with the client in this phase.  If negotiations happen, then send the revised offer again and then the deal gets closed. And that's it.  By following all these steps
[04:45] you can easily create a B2B business. But many people fail in this B to B business also because they treat B to B like D to C.  Secondly, they do not follow up with the client.  Third, they do not keep any backup supplies.  Fourth,
[05:01] ignore the risk of credit.  And to bring the fifth client, they quote a low price in the beginning. But the offers change at the time of conversion. So brother, if you want to build a successful B2B business then make sure you do not make all these mistakes.  Now you
[05:14] must tell me in the comments in which category you are going to create a B2B business and on which business category you want to see the next video.  And now we have there we are giving a lot of exclusive insights that you are missing.
[05:28] putting the link in the description. For your help, I am can watch both videos, they will give you a lot of value and I will meet you next Saturday at 9:00 PM on YouTube.  Until then , thank you guys.