A review of the Amazon Business program: What it is and how it can benefit you.

How can you use Amazon Business to grow your small business? All the information you need about Amazon Business.

Business owners can take advantage of Amazon’s vast network of suppliers by accessing simple order-taking and volume discounts. Additional deals and features are available to Prime members who wish to stay on top of their business expenses and control their cash flow. What advantages does an Amazon Business or Business Prime account provide to your business? Here are some more details about each type.

Amazon Business: What is it?

With Amazon Business, users of registered businesses of any size can purchase goods and services. Employees of a business can choose which users are allowed to order business supplies on behalf of their employers on Amazon. Users can be added or removed as needed, and payment methods, shipping addresses, approval workflows, reporting options and more can be managed by the main administrator, based on the needs of the business.

Amazon Business provides easy access to hundreds of millions of products to companies of all sizes across industries, including IT equipment, janitorial supplies, and more, said Martin Rohde, director of the commercial vertical.

Shipping options and price savings

Businesses can take advantage of exclusive price reductions and shipping perks as part of Amazon Business subscriptions. Almost everyone can get a business account from Amazon.com. A Business Gold account holder receives price breaks for multi-unit purchases, discounts on millions of products, and the opportunity to earn rewards. to compare prices from multiple sellers. Some sellers will extend discounts for quantity purchases.

Rohde said, “Our Amazon Business customers constantly tell us that the business prices on our vast array of products is crucial to helping them solve tail spending challenges. This involves money spent on nonplanned and managed supplies spanning a broad range of categories.

Businesses can spend a lot of time and money managing their suppliers’ tail spending, as they must manage hundreds or thousands of different suppliers.

The payment options available

Any administrator of your Amazon Business account can add personal payment options, or share payment options. A shared payment method includes credit cards, debit cards and the credit line offered by Amazon. The business account of any authorized user can use the payment method of their choice to make purchases on behalf of the business. Although all authorized users will be able to use the card you register, it will only display the last four digits to increase security.

A corporate credit card from Amazon gives you greater management options, including the ability to authorize multiple buyers on the same account, download order history reports, and pay by purchase order. Moreover, it has no annual fee and has easy-to-understand statements. Account administrators can customize payment methods and shipping addresses for individual and shared purchasers so that ordering is effortless throughout your organization.

Rohde explained that “business customers need to pay Amazon Business only once and receive invoices in a standard format, while still partnering with millions of suppliers.”

Benefits for a small business

Several businesses are eligible for tax exemptions under the Amazon Tax Exemption Program (ATEP). You may determine if you qualify for the program with the help of Amazon’s tool. Afterward, tax-exempt status can be applied to items purchased from Amazon and its affiliates. This benefit is even offered even if you do not have an Amazon Business account.

With the analytics dashboard, Amazon Business also provides some transparency into the supply chain purchasing process.

A smaller business can assess its spending activities and total expenses at the individual, group purchasing level, or purchase type — giving it the data it needs for better control over its expenses.

Adding to the opportunity for growth, it was mentioned that small business owners can reach millions of business customers through Amazon Business.

Customers’ feedback

Have Amazon delivered on the promise of Amazon Business with its “tailored business experience”? A growing number of its customers agree with that sentiment.

As part of their business relationship with Amazon, Reviewster Network takes advantage of their Amazon Business account to receive tax exemptions. As a result, in addition to being tax-free on purchases, we love how easy it is to order and reorder our most used items. We know where to get office supplies within moments, and they are delivered to us within two days.”

In addition to Amazon Business, Boirun’s company has used it for larger purchases where it can split the payments up among different employees in the organization. For example, we bought a new Wi-Fi router and split the charging costs so that four members of our team each paid 25%.

It should be understood that Amazon Business offers some companies advantages over others in certain areas, and those companies should know those caveats before agreeing to join the program.

Businesses that purchase in bulk usually use Amazon Business, according to Chad Rubin from e-commerce owner and Top 50 Amazon seller. This is an important benefit because it allows you to accept bulk orders and provide discounts to businesses who require a larger amount of your product.

Rubin said by using bulk pricing, Amazon Business customers may reach new audiences that tend to spend more, such as for-profit businesses. ‘It is definitely better when you use bulk pricing in order to attract customers who need more of certain products’

What is Prime for Business?

The Amazon Business Prime subscription is an Amazon subscription that offers some services to subscribers. An annual subscription includes free delivery, a discount, and special member-only offers. The Amazon Business Prime program also includes spending reports powered by AWS QuickSight.

The Spend Visibility tool is a visual tool for tracking the expenses your business incurs through its Amazon presence.

Additionally, Business Prime members can access guided buying to help employees make sensible, cost-efficient purchases. Purchasing guides allow the administrators of the account to create preferred suppliers and products while restricting employee order capabilities. A business prime member, who wishes to set up Pay-by-Invoice, can extend his/her payment terms to 45 or 60 days, depending on his/her plan.

The continental U.S. is eligible for free two-day shipping for Business Prime products, and delivery is available within four hours for products in eligible ZIP codes, and delivery can be made on the same day for other products. Deliveries can be made same-day most days of the year, with some limitations on holidays and high traffic shopping days such as Prime Day and Black Friday. A $50 order will be considered eligible for same-day shipping provided it has the free same-day icon.

Customers of Amazon Business Prime can use Amazon Day at no cost for one single delivery day each week in order to prevent excessive package deliveries. An eligible item can be ordered up to two days before the chosen Amazon Day for your business.

Do you know what Amazon Business Prime costs?

You can get Amazon Business Prime membership in several different increments to accomodate various numbers of users. These include:

• Duo: The Duo plan costs $69 a year and allows for two users. However, it does not cover spending visibility, guided buying, or extended terms for Pay By Invoice.
• Essentials: Essentials plan costs one-hundred ninety-nine dollars per year and supports three users. However, pay by invoice does offer spend visibility, guided buying, and extended terms that are not available on the Duo plan.
• Small:. There’s a $499 small plan for 10 users and it’s up to you.
• Medium:. For $1,299 per year, you can have up to 100 users with the Medium plan.
• Enterprise:. With the Enterprise plan, the price is $10,000 for the year and includes more than 100 users. It also includes Amazon Business Professional Services optimizing your account to maximize spend visibility and policy settings in a full-scale deployment process.