Amazon is still a consumer retailing behemoth, so it was no surprise when they launched Amazon Business in 2015.
“Amazon Business blends the breadth, convenience, and value that Amazon customers have come to expect with unique features and special perks tailored to enterprises.” Amazon claimed. Amazon Business has given business clients simple access to various products, from electronics to culinary equipment to janitorial supplies.
Customers of Amazon Business receive free two-day shipping on eligible items, multiple-user business accounts, innovative payment options, tax exemptions, expert customer service, and other specialized features to help them enhance their business. If you want to obtain a reasonable price, you may even ask some sellers for discounts when purchasing their products in quantity.
Amazon Business was created to provide a better purchasing solution to all registered businesses. Each firm can designate users from inside their organization who are authorized to purchase business products from Amazon on their behalf.
What is an Amazon business account?
An Amazon Business account is a specific business-focused Amazon account that any business can utilize. It is suitable for sole proprietors with a single account, but it is also beneficial for larger organizations that use permitting processes to keep spending under control.
You can add more user accounts so that employees can make purchases on behalf of the company. In addition, individual Amazon Prime subscriptions are compatible with Amazon Business. For example, you may purchase an Amazon Business Prime account for $179 per year for three users and be scalable to the business level.
Benefits of Amazon business account
- It is entirely free to use for any form of business.
You read that correctly! Whether you are a little “one-man-band” or a considerably larger firm with thousands of employees, Amazon Business Account is completely free to set up! However, keep in mind that you will need to create a new Amazon login with your work email address to set up the free account.
- Amazon Business is used by businesses all over the world.
Amazon Business currently has over 1 million clients who use it to find everything they could need in one spot.
- Members get access to business-only pricing.
Amazon can offer reduced prices on millions of products for multi-unit transactions since most businesses buy in bulk. It also provides general price reductions on millions of business products and an easy way to compare prices from various sellers. If you want to obtain a reasonable price, you may even ask some sellers for discounts when purchasing their products in quantity.
- FREE Two-Day Shipping
In these competitive times, shipping costs can practically make or break a firm. With a business account, Amazon provides free two-day shipping. Furthermore, purchases of $25 or more are eligible for Free delivery (for certain items). In addition, account holders receive a yearly Business Prime Shipping subscription depending on the number of users who require access. Prices are $499 for up to 10 people, $1,299 for up to 100 users, and $10,099 for more than 100 users.
- Advanced analytics capabilities
Amazon’s Business Analytics will appear as soon as you begin making purchases. This will display all of your order data and allow you to create custom reports. If you have a dedicated team that handles orders, having an Amazon Business Account will allow your workers to easily connect, create purchasing groups, and share payment methods.
Amazon Business is particularly proud of its supply chain purchasing transparency and gives all the information you need on the analytics dashboard.
- Specialized payment methods can assist with cash-flow concerns.
Amazon Business has you covered if your cash flow is volatile and you haven’t collected enough money from orders to support fresh expenses. Amazon accepts a range of payment methods, including credit card and line of credit purchases.
Account administrators can create individual or pooled payment options. Credit cards, debit cards, and an Amazon corporate credit line are all accepted as payment methods. The Corporate Credit Line allows you to add many purchasers to a single account, download order data, and pay by purchase order.
All authorized users of the company account can buy things, but they can only see the last four digits of the card for security reasons.
- A vast selection of items.
With thousands of millions of items now available, most firms can obtain what they need reasonably. However, if your organization has unique procurement needs, you can also search for vendors based on characteristics such as gender or minority-owned enterprises. In addition, members can utilize their self-registration service to enable Amazon on approximately 50 frequently- used purchasing systems (and if they don’t already have your specific platform, you can suggest that they add it).
If you do not have your own business, the business account is most likely not for you; instead, stick with Amazon Prime.
It is acceptable to use a personal account for work if you own a small business and wish to keep it small. However, suppose your company is ever audited if you use an accountant or predict that your firm will grow; a business account guarantees that your transactions are never mixed with those related to your company.