Amazon remains a giant of consumer retail, so it was no surprise when they introduced Amazon Business back in 2015. In this article, we look at the many benefits of an Amazon Business account and whether it’s suitable for you.
At the time of launch, Amazon said of its new business marketplace:
Amazon Business combines the selection, convenience, and value customers have come to know and love from Amazon, with new features and unique benefits tailored to businesses.Amazon
Amazon Business has allowed business customers easy access to an enormous range of products including everything from electronics to culinary equipment to janitor supplies.
In addition to business-only selection and pricing, customers of Amazon Business also get free two-day shipping on eligible items, multiple-user business accounts, advanced payment solutions, tax exemptions, specialized customer support and more specialist features to help them improve their business.
Amazon Business was set-up to give an improved purchasing solution for all registered businesses. Each business nominates users from their company that are permitted to purchase business supplies from Amazon on behalf of their company.
9 Amazon business account benefits
It’s totally free for any type of business
Yes, you read it correctly! It doesn’t matter if you have a small “one-man-band” business or a much larger company with 1000’s of employees, an Amazon Business Account is totally FREE to set up! Just remember that you will need to set-up a brand new Amazon login with your work email to set up the free account.back to menu ↑
Businesses around the world are using Amazon Business
In excess of 1 million customers currently use Amazon Business to find everything they could possibly need in one place.back to menu ↑
Business only prices are available to members
Because most businesses are buying in bulk, Amazon is able to offer lower prices on literally millions of products for multi-unit purchases. It also has general price cuts on millions of business products and provides an easy way to compare prices from a wide array of sellers.
And If you really want to get good deals, you can even request discounts from some sellers when buying their products in bulk.back to menu ↑
Unlimited FREE Two-Day Shipping
Shipping costs can literally make or break a business in these competitive times. Amazon offers free two-day shipping with a business account. In addition, all orders of $25 or more qualify for FREE shipping (for certain items).
Account holders get a Business Prime Shipping annual membership which is based on the number of users that need access. At the time of writing, prices are $499 for up to 10 users, $1,299 for up to 100 users, and $10,099 for more than 100 users.back to menu ↑
Advanced analytics functions
As soon as you start making purchases, you can see Amazon’s Business Analytics. This will show you all the data about your orders and give you options to create specific reports.
If you have a dedicated team that handles your orders, having an Amazon Business Account will make it easy for your staff to connect, make purchasing groups and shared payment methods.
Amazon Business is very proud of its transparency with the supply chain purchasing process and provides all the information you need on the analytics dashboard.
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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.Martin Rohde - general manager of commercial customers at Amazon Business
Help with cash-flow issues with specialized payment options
If your cash-flow is up and down, and you haven’t collected the money from your orders to pay for new purchases, Amazon Business has got you covered. Amazon offers different payment methods including purchasing a card or a line of credit.
We recognize that business customers need to manage a single payment relationship with Amazon Business and receive standardized invoices, while also having the flexibility to purchase from millions of suppliers.Martin Rohde - general manager of commercial customers at Amazon Business
Administrators of the account can add individual or shared payment options. The shared payment methods cater to credit cards, debit cards or an Amazon corporate credit line. The Corporate Credit Line offers the ability to include multiple buyers on a single account, download reports of orders and pay by purchase order.
All authorized users of the business account can purchase items but for security reasons, they will only be able to see the last four digits of the registered card.
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It also offers easy-to-understand statements and no annual fee. Administrators can manage individual and shared payment methods and shipping addresses to make ordering seamless for all purchasers.Martin Rohde
A massive array of products
With hundreds of millions of products now available, most businesses can find the products they are looking for at the right price. And if your company has specific procurement requirements, you can even find sellers by their attributes such as women or minority-owned businesses.
Once the Amazon Business account is set up, members can use their self-registration tool to enable Amazon on approx 50 commonly-used purchasing systems (and if they don’t currently have your particular platform, you can request that they add it).back to menu ↑
An opportunity for tax exemption under the Amazon Tax Exemption Program (ATEP)
Amazon provides business account holders a handy tool to help them determine if they qualify for the tax exemption program.
They also require information relating to which states the business qualifies for a tax exemption and also which exemptions your business qualifies for. Customers are then able to apply their tax-exempt status to any eligible purchases from Amazon (and also its affiliates).back to menu ↑
You can sell your products
And last in our list of Amazon business account benefits is for businesses that offer their products and services. With a business account, you can become a seller to reach a massive, new audience of hungry customers.
Amazon Business opens up the marketplace to third-party sellers. You can sell B2B on Amazon’s Marketplace, just like you are able to on the normal Amazon marketplace. Some of the advantages of selling on Amazon Business are:
- You get access to an enormous market of business buyers (which are now separated from the consumer marketplace)
- You can integrate your existing seller account
- You can advertise your selling credentials to attract more buyers
- You can take full advantage of Amazon’s brilliant infrastructure and their business credit options
Is a business account suitable for non-business customers?
Using a personal account for business is OK if you run a small company and you intend it to stay small. But if your business ever undergoes an audit, or if you use an accountant, or if you anticipate that your business will grow and that employees will be placing orders, a business account ensures that your personal purchases are never mixed up with those relating to your company’s.