"We are hoping to facilitate businesspeople all over the country, through the web site. Some of our sections like the Marketplace, Cataloging service and Stock market are very unique to the business community of our nation," said Rizwan Bin Farouq, managing director of rizbiz.biz, during the websites inception.

In order to avail the services of the site, an individual needs to register himself, first.

After receiving a rizbiz community member ID, an individual can advertise on classifieds, participate in auctions and take advantage of the site's brokerage service. Users will also be able to get services for business incubation, loan processing and education consultancy.

Marketplace section of rizbiz is for the corporate users only. One can represent their organisation by registering as a Marketplace member. After becoming a corporate member of rizbiz, corporate users will be able to purchase or sell product / services through 'open' or 'close' auctions.

Marketplace members are enlisted only after receiving necessary documents to verify the identification of the organisation. As a result businesses within the website should be secure.

"This aspect will prove to be extremely effective for all our members," said Akand Sabbir Ahmed, general manager of the company.

Marketplace users also receive cataloging service to showcase product and services.

"As most towns and villages already have internet connectivity, businesspeople in regional areas can very efficiently and reliably sell/buy products and complete other such transactions through our site," explained Ahmed.

Rizbiz also has a section named Stock Market for the stock exchange members. Brokers can better serve their clients through this service of the site.

Clients can give buy and sell requests to traders. Traders, on the other hand, can update the 'buy/sell' information, after executing the task, in the system.

Clients will have up-to-date information about their transaction data. Stock Exchange traders will be able to maintain their client's account more efficiently.

"Hopefully, we will add further facilities and services as we go along," concluded Ahmed.