Amazon Business-What exactly is Amazon Business, and how might it assist your small business in growing? Everything you need to know about Amazon Business is right here.
Amazon Business gives small and medium-sized businesses access to Amazon’s enormous network of suppliers for quick ordering and huge volume discounts. Additional deals and features are offered to Amazon Business Prime customers to help them manage their cash flow and regulate their business spending. How might Amazon Business or a Business Prime membership help your company? Continue reading to learn more about each.
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What exactly is Amazon Business?
Amazon Business offers its customers a purchasing solution for any size registered business. Each company can designate users who are authorised to purchase business products on Amazon on behalf of their employers. Based on the needs of the business, the main administrator can add or delete authorised users, as well as adjust payment methods, delivery addresses, approval workflows, reporting choices, and more.
“We provide easy access to hundreds of millions of products – everything from IT equipment to janitorial supplies – to businesses of all sizes and across industries,” said Martin Rohde, Amazon Business’s head of the commercial vertical.
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Price reductions and shipping options
Amazon Business provides registered business members with exclusive price discounts and shipping benefits. Amazon.com is available to anyone with a business account. Account holders enjoy discounts on multi-unit orders, general price reductions on millions of business products, and the ability to compare pricing from numerous merchants. Some dealers will even give you a discount if you buy in bulk.
“We constantly hear from Amazon Business clients that our business-only prices across such a large range of products are critical to addressing their ‘tail spending’ concerns (money spent on unplanned or managed supply across a wide range of categories),” Rohde added. “Managing hundreds or even thousands of diverse suppliers may be costly and time-consuming for enterprises.”
Options for payment
Individual or shared payment methods can be added by you or another administrator of your Amazon Business account. Credit cards, debit cards, and the Amazon corporate credit line are all accepted payment options. Any authorised user of your business account can use the payment method of their choice to make purchases on your behalf. While all authorised account users can use the card you register, they will only be able to view the last four digits to increase security.
According to Rohde, the Amazon corporate credit line enhances your user and management choices, allowing you to authorise numerous purchasers on a single account, download order history reports, and pay via purchase order. It also provides simple statements and no annual fees. Account managers can handle individual and shared payment methods, as well as shipping addresses, to make ordering simple for all of your company’s buyers.
“We know that corporate clients require a single payment connection with Amazon Business and standardised invoicing, while simultaneously having the flexibility to purchase from millions of suppliers,” Rohde added.
Benefits for Small Businesses
The Amazon Tax Exemption Program provides tax exemption to a wide range of enterprises (ATEP). Amazon has a tool to assist you decide if you are eligible for the programme. The programme then allows you to use your tax-exempt status to qualified Amazon and affiliate purchases. To take advantage of this offer, you don’t even need an Amazon Business account.
With the analytics dashboard, Amazon Business also provides some transparency into the supply chain purchasing process.
“Customers can view their spending activity and overall costs on purchases at the individual, purchasing group, or kind of spend level, providing small businesses with the information they need to better control their bottom line,” Rohde explained.
He went on to say that small business sellers on Amazon Business have the opportunity to increase their sales by accessing millions of business consumers worldwide.
What consumers are saying
Has Amazon delivered on the promise of Amazon Business, which spoke of a “specialised business experience”? Its rising consumer base clearly believes so.
“We have an Amazon Business account primarily to take advantage of the Amazon Tax Exemption Program,” explained Rob Boirun, CEO of Reviewster Network. “So, in addition to tax-free purchases, we like the program’s simplicity in buying and reordering our most often used items. When we run out of printer toner or other office supplies, we can place an order in a matter of seconds and have the materials delivered to the office two days later.”
Boirun added that his company has also utilised Amazon Business for larger purchases, utilising payment options that allow the organisation to split payments among several employees. “For example, we bought a new Wi-Fi router and were able to split the payment so that each of the four people who used it would pay 25%.”
Amazon Business benefits some businesses more than others in particular areas, and business decision-makers should be aware of these limitations before enrolling in the programme.
“Amazon Business works well for firms with products that can be acquired in quantity,” said Chad Rubin, an e-commerce business owner and Top 50 Amazon seller. “This is a significant advantage because you can add bulk pricing to increase sales and provide a discount to businesses that require a larger quantity of your product.”
Rubin stated that when Amazon Business clients use bulk pricing, they can reach a new audience that is more likely to spend more, such as other businesses. “It definitely helps when you use bulk pricing to attract customers who require more of a particular product.”
What exactly is Amazon Business Prime?
Amazon Business Prime is a subscription service offered by Amazon that provides subscribers with a number of benefits. A subscription entitles you to free delivery, discounts, and member-only deals. AWS QuickSight-powered spending reports are also included with Amazon Business Prime. Spend visibility generates graphical reports to assist you in managing your company’s Amazon-related spending.
Furthermore, Business Prime members get access to guided purchasing for staff. Guided buying allows account administrators to choose preferred suppliers and items, as well as limit staff ordering capabilities. Business Prime customers also get longer payment terms for Pay-By-Invoice, which might be 45 or 60 days depending on their plan.
For Business Prime purchases, Amazon provides free two-day shipping in the entire United States, and same-day delivery is available in eligible ZIP codes and select cities. Most days of the year, same-day delivery is accessible seven days a week, with limited availability on major holidays and high-volume shopping days like as Black Friday and Prime Day. To qualify for same-day shipping, your order must be at least $35 and include the free same-day icon.
Business Prime members may also use Amazon Day for free to choose a single day each week to receive all of their weekly items, avoiding unnecessary box deliveries. Order eligible items up to two days before your business’s chosen Amazon Day.
