Online Textile Trading as you know is a relatively new sphere of textile business. Let me first introduce you to online textile trading. Online textile trading is a business process in which the internet is the main backbone for business transactions. To make things more clear I would say that online business require a textile portal which carries a whole lot of textile directories containing the list of buyers and suppliers. In fact the textile portal is your interface between the users online from both side including the buyer and the supplier.
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1. Faster: Online textile trading helps in making faster business transaction reducing many over head factors required normally during the traditional business approach where everything right from quotations to the final shipping happens through face to face dealings. However online textile trading is faster due to web technologies combined with business technologies which requires you to only register yourself or your company to a textile portal for the basic subscription. Every time a posting of a new product is made, it is queried upon your requirement and if it matches your postings then you are directed to the same by the textile traders charging you only a small percentage of your transaction amount.
2. Economic: One may say that transactions online is costlier than the traditional approach which is absolutely true if you're a first time buyer/supplier. This is because for good online transactions first of all you need to register yourself with a popular textile portal for their basic subscription and then would be intimated upon finding relevant matches to your postings. Those having 100% belief in traditional approach only may not go for this change but its advisable to go for this dynamic change in your business process to secure a good future for your textile business.
