February 15, 2024
Bachir Kassir, an accomplished entrepreneur and founder of MyTradeZone and WebJaguar Digital Commerce, has a notable track record in launching ventures, notably Advanced E Media, Inc., which introduced the WebJaguar Commerce and Marketing Automation platform, a software-as-a-service model. His latest endeavor, MyTradeZone.com, serves as a global B2B trade network, likened to LinkedIn for businesses, aiming to connect companies worldwide.
Machintel: Please share with us your journey that led to the founding of MyTradeZone? What inspired the concept of MyTradeZone?
Bachir Kassir: Some time ago, I thought about creating a B2B network to connect companies. At that time, I had just founded my digital commerce company, ‘WebJaguar’. So, I registered the domain mytradezone.com and kept the idea in the back of my mind.
During my tenure as President and CEO of MyTradeZone, I dealt with over 1000 businesses, and the idea of MyTradeZone evolved even more with feedback from real customers, discussing their challenges and how MyTradeZone could help. Consequently, we developed a prototype and launched the site as a beta.
Then, in December 2021, I had an exit when my company, WebJaguar, was acquired. With the freedom gained from the exit, I was able to dedicate 100% of my time to MyTradeZone, leveraging over 20 years of experience in B2B to officially launch the platform.
Machintel: In your view, what are the biggest challenges facing the B2B sector today?
Bachir Kassir: The biggest challenge facing the B2B sector is marketing and achieving cost-effective brand awareness for their products and services—to the right target audience. Many companies have great products and services, but the cost of exposure is expensive.
Additionally, many companies, restricted by their size or location, encounter obstacles in attending various trade shows, yet they continue to offer outstanding products despite these challenges.
Machintel: How does MyTradeZone aim to revolutionize B2B interactions, especially with its AI-driven matchmaking and recommendations?
Bachir Kassir: MyTradeZone, think of it as a digital twin of our physical world, where every business qualifies to join. Now, MyTradeZone is the universe of companies. Within this platform, businesses are categorized, organized, and displayed according to their region, industry verticals, and more.
MyTradeZone uses data science and AI algorithms for smart matchmaking between companies. We aim to revolutionize B2B interactions using this smart B2B search engine. Every business has a supply side and demand side, and because of that, MyTradeZone helps companies connect with potential customers. At the same time, MyTradeZone assists companies in procuring products and services from suppliers.
Machintel: What methods are employed by MyTradeZone to ensure its users have fruitful networking experiences that result in lead generation?
Bachir Kassir: When a company is on MyTradeZone, it becomes part of a vast universe of companies. At the same time, it can belong to and be part of different networking groups, trade shows, events, associations, and so on. This method ensures that users are exposed to the right targeted audience of the group they belong to.
Additionally, a company can sponsor a specific group, thereby exposing itself to the members of that group. A group organizer can invite various companies to sponsor their groups, or companies can choose to sponsor a group through a self-service option. In the process, the group organizer can monetize their group. There are many free tools available, including live chat, video chat, group chat, private company notes, and other tools that ensure a fruitful networking experience.
Another key feature is the request for quotation (RFQ) system, allowing anyone to submit quotations, while companies have the capability to search through these submissions. However, if a company is on the paid plan, the Business Essential plan, they get automatically alerted when someone submits an RFQ that matches their selected tags. Another incentive for users to upgrade to the paid plan, the Business Essential, is that they can select up to 20 keyword phrases of their choice, ensuring their company appears at the top of the search results.
All the above and more provide both free and paid tools available for lead generation and smart matchmaking between companies. ...
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