What is Amazon Business Account ? How to take advantage of Amazon Business Account ?
Amazon Business offers many useful features to boost your business. Today, in this post, I will tell you about Amazon Business and how you can take advantage of it specially if you own a small business in this time of uncertainty and pandemic.
What is Amazon Business ? How it can help your Business(including) Small Business grow? Here's everything you need to know about Amazon Business.
What kinds of businesses can use Amazon Business?
In theory, any kind of business can use Amazon Business. If you run a small e-commerce business, you may find Amazon Business useful for automating regular delivery of crucial office supplies. Larger businesses, such as those with over 100 employees, may find Amazon Business helpful for ensuring guaranteed delivery of vital packages of office supplies and other business goods.
What are the benefits included with Amazon Business Prime ?
- Essentials: $179 per year; maximum of three users allowed
- Small: $499 per year; maximum of 10 users allowed
- Medium: $1,299 per year; maximum of 100 users allowed
- Enterprise: $10,099 per year; minimum of 100 users required
Additionally, a lower-priced Enterprise option called Public Sector is available for $3,499 per year – roughly one-third the usual Enterprise price – to governments, nonprofit universities, public education institutions and healthcare facilities.
Amazon Business Prime perks extend beyond expedited, free shipping and heavy discounts on bulk business products. Amazon Business Prime users receive access to the following exclusive tools:
- Spend Visibility, which displays visualizations of your business's spending to analyze data and track spending trends.
- Guided Buying, which allows you to tag certain suppliers and products as preferred, place restrictions on certain product categories, and more.
- The Amazon Business American Express Card, which has no annual fee.
- Extended terms for Pay by Invoice, meaning that your business can pay its monthly membership dues 45 to 60 days after invoice from Amazon instead of the usual 30-day payment terms stipulated in your Amazon Business Prime contact.
About Pricing
Amazon Business offers discounts on millions of products. It also provides price breaks on multiunit purchases and allows the user to see multiple offers from a variety of sellers on a single page.
The site offers quantity discounts and tiered pricing discounts for higher-volume purchases on select items. To show items for sale at a discounted price from participating sellers, you can click Request a Quantity Discount.
Shipping benefits
Just as Amazon users with free accounts can pay a yearly fee to opt into Prime and receive free same-day or two-shipping, Amazon Business users with free accounts can upgrade to Amazon Business Prime for unlimited, free two-day shipping on eligible items. Customers can sign up for a Business Prime Shipping annual membership based on the number of users their business account has, with memberships ranging from $179 to $10,099 per year.
An Amazon Prime account can be linked to the business account for free. Prime membership makes you eligible for exclusive Prime Day deals during the company's annual sales extravaganza. Plus, if you use an Amazon Echo, Echo Dot, Echo Show, Echo Plus, Echo Spot, Echo Look, and Tap, as well as Fire TV, Fire tablets and a variety of third-party devices for voice ordering through Amazon's Alexa, you're eligible for even more deals.
Amazon Business offers a few different payment options. A credit card can be added to the account that can be accessed by multiple users. Amazon also lets you open a corporate credit line. If you go that route, you can authorize multiple buyers on a single account, download order history reports and pay by purchase order.
Amazon Business integrates with 30 common purchasing systems, including BirchStreet, Oracle iProcure and Spectrum. So if you're used to using a PunchOut program, you still can.
Other small business benefits
The Amazon Tax Exemption Program allows Amazon Business customers to apply their tax-exemption status to eligible purchases from Amazon, Amazon Digital Services, Warehouse Deals, Amazon Services or other participating sellers.
The Amazon Tax Exemption Tool guides users through the process of enrolling in the program. You can update your status and edit or upload certificates. Once you review your order, you can modify which items should have the tax-exemption certificate applied.
Pros. for small businesses
Many businesses have the opportunity for tax exemption under the Amazon Tax Exemption Program (ATEP). Amazon provides a tool to help you determine if you qualify for the program. The program then allows you to apply your tax-exempt status to eligible purchases from Amazon and all of its affiliates. You don't even need an Amazon Business account to take advantage of this benefit.
Amazon Business also provides some transparency into the supply chain purchasing process with the analytics dashboard.
According to Amazon, customers can look at their spending activity and total costs on purchases at the individual, purchasing group or type of spend level – giving small businesses the information they need to better control their bottom line.
The E-commerce giants further adds that small business sellers on Amazon Business have the opportunity to grow their sales by reaching millions of business customers across the globe.
Is Amazon Business Prime a good deal?
Many businesses find value in the subscription, but it's not always the cheapest way to shop. The value of free shipping on selected items from Amazon is impacted largely by local prices and availability, bulk prices for business shoppers, and order scheduling. For example, if you own a restaurant and typically order from Restaurant Depot a few times a year, you should do a price comparison; you may already be getting the best deal possible. On the other hand, if you live in a remote area where little in-store shopping is available or delivery costs are often very high, Prime may be worth it.
Whether shopping for home or work, people value Amazon for its convenience, selection, and value. But businesses and organizations—from sole proprietorships to large enterprises, governments, schools, and healthcare organizations—have different needs than individual buyers. That’s why Amazon Business is there to help.
With business-relevant selection, innovative tools and features like Business Prime, plus the convenience and value of Amazon, organizations of any size can simplify buying and drive toward their next stage of growth. Amazon Business helps leaders reshape the purchasing process to move their organizations forward.
Buying on Amazon Business
Millions of business customers from industries around the world purchase on Amazon Business. For example:
- 55 of the Fortune 100 companies
- More than half of the 100 largest U.S. hospital systems
- Over 40 percent of the 100 most populous local governments in the U.S.
Amazon Business helps leaders digitize and automate procurement with powerful management controls and analytic tools—all within the familiar experience of Amazon.
The user-friendly experience of Amazon
The user-friendly shopping experience of Amazon makes Amazon Business an easy choice for organizations. New users can onboard quickly and can easily compare products and prices from multiple sellers. Personalization, powered by machine learning, makes purchasing faster.
Just as you can when shopping for home, you can buy for work on the Amazon Shopping mobile app, using your Amazon Business account. You can save time and increase agility by placing orders on the go. Organizations also benefit from Amazon’s industry-leading fulfillment and delivery, with options for free, one, or two-day shipping on eligible orders.
Added features for modern procurement
While there are many similarities between Amazon and Amazon Business, there are several benefits unique to Amazon Business that make it a superior procurement solution for business professionals. Below is a list of key features that digitize and streamline the purchasing process.
- Business selection: Find hundreds of millions of business-relevant products, from office supplies to professional-grade equipment specific to your industry. To maintain existing supplier relationships, you can invite negotiated vendors to onboard to Amazon Business.
- Discounts: Cut costs with business-only prices, deals, and bulk discounts, plus up to an additional 10 percent off with Recurring Delivery on eligible items. With Quantity Discounts, you can see price discounts in up to five quantity tiers and can request special prices on even larger orders.
- Account management: Multi-user business accounts offer flexible ways to manage purchasing. Create purchasing groups, add administrators, set permissions, and enable approval workflows. Simplify access by integrating your Amazon Business accounts with eligible purchasing systems. Reduce security risk by providing one-click access to Amazon Business with Single Sign-On (SSO).
- Shipping & delivery: In addition to fast, FREE shipping on millions of eligible items, Amazon Business customers can set delivery preferences to get eligible orders when and where it is most convenient.
- Reorder Lists: Save time with Reorder Lists that let you quickly reorder the items you buy most. Add, organize, sort, and prioritize products that you frequently purchase on lists you can share with team members.
- Payment options: Choose from multiple payment methods and share them across groups. Buy now and pay later with Pay by Invoice or a corporate credit line (for approved customers). Organizations with tax-exempt status can sign up for the Amazon Tax Exemption Program and make tax exempt purchases on eligible orders.
- Analytics: Gain visibility into spending, monitor activity, and automate reporting with Amazon Business Analytics. Make expense reconciliation easy with Level three transaction detail on business purchases.
- Business Prime: A separate membership from Amazon Prime, Business Prime offers unlimited, FREE shipping on eligible orders and more business purchasing benefits, like Spend Visibility, which lets you create custom visual dashboards powered by AWS cloud computing technology. Use Guided Buying to direct your team to the products and sellers that comply with your organizational purchasing goals; and get extended terms for Pay by Invoice (for approved customers).
Find solutions that fit your organization and read customer success stories to understand how organizations are using Amazon Business to make buying simpler and digitally transform procurement.
Sell on Amazon Business
Reach millions of business customers
Amazon Business supports manufacturers and distributors across most product categories. Hundreds of thousands of business sellers offer products in categories such as healthcare, lab and science, industrial, MRO, IT, hospitality and food service, office, breakroom, and more.
As an Amazon Business Seller, you have access to tools and features that can help you effectively sell products on Amazon Business, better distinguish your company from other businesses, and increase your discoverability among business buyers. These features include enhanced seller profiles, ownership and quality certifications, and Business Prime shipping.
Some key features offered in the Amazon Business Seller program include:
- Business pricing: The ability to offer prices only available to customers on Amazon Business.
- Quantity Discounts: Access pricing features that make it easier for customers to buy from you in quantities starting at tiers of just two items, and to request special pricing on even larger purchases.
- Certifications: Claim quality, diversity, and ownership certifications to help your company stand out to business customers who are looking to learn more about their suppliers.
- Tax exemption: Extend tax exemption on qualified purchases to customers that participate in the Amazon Tax Exemption Program, such as nonprofit organizations.
- Enhanced seller profile: Showcase your logo, tell buyers more about your company, and display your quality and diversity certifications.
Start selling today to reach more than one million businesses across a variety of industries purchasing the products they need on Amazon Business.
Amazon Business is currently available in the United States, Canada, United Kingdom, Germany, France, Italy, Spain, Japan, and India.
Create a free account to discover more savings and see how you can streamline your operations with our products and solutions.
How to maximize Business Prime for your small business
Do you need to expand or spruce up your online presence? With less foot traffic expected to brick and mortar businesses, you can leverage a 12-month free trial of the GoDaddy Websites + Marketing premium plan - up to $240 in value. This Business Prime member-only offer allows you to:
- Create a modern, mobile-optimized website
- Control and increase your social media presence and email marketing so that it’s easier for customers to find your business while searching on web
- Provide online appointment booking capabilities
Focus on your bottom line or free up cash flow
Today more than ever, you may be looking to get more from the purchases that you’re already making or need help to extend your cash flow during these times. For those items that you have been already buying or plan to buy over the next few months, you can also unlock lower prices and save money through Progressive Discounts so that you don’t have to lock in capital and make bulk purchases upfront. You can get a lower price on eligible products when you need and get discounts based on volume bought by everyone in your business over the last 12 months.
In order to maximize your savings opportunities with Progressive Discounts, you can even combine it with Guided Buying. By creating preferred list policies with Guided Buying, you can select a reorder list and make it preferred so that everyone in your business knows which products are preferred and also qualify for Progressive Discounts. Then, those products will be pushed to the top of their searches so that you can unlock those discounts faster.
For existing Business Prime members, all of these benefits mentioned above are currently available as a part of your memberships today and won’t incur any additional costs.
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