When you hear the word ‘online shopping’, one company that pops up in your head is Amazon. This service has become synonymous with e-commerce and is helping people enjoy multiple services almost all around the world.
Besides focusing on individual customers, it has now opened an offshoot branch called the Amazon Business which solely focuses on organizations and companies. It is designed to help businesses access products with ease and convenience.
In this article, I am going to discuss what this service actually is. I’ll also go over its working mechanism and discuss its main features as well. Let’s begin.
What is Amazon Business?
Amazon Business is an online service of Amazon that focuses on supplying products in bulk for organizations. Whether you own a big or small business, you can access the required products on this service and order them in a large quantity. The service has completely revolutionized the way companies get their hands on required products.
Amazon is offering this service currently in selective countries including Canada, America, Italy, the United Kingdom, and a few more.
Just like individuals, organizations also need products like laptops, IT accessories, paper products, etc. Instead of dealing with suppliers separately, companies can now use only one platform to order and access such products. It saves them time and even resources since Amazon offers discounts on bulk buying as well.
Related: What is Business Strategy?
How Does Amazon Business Work?
Amazon Business works just like the normal Amazon platform. Here are more details about it.
Account creation:
First of all, a business creates an account on Amazon Business. It is similar to opening a normal account but might include some extra company information.
Product hunting:
After account creation, the company starts hunting for products it needs. Amazon has made product finding easier by managing products into categories and offering filter and search features.
Placing orders:
Once an organization has found the required products, they place orders to the available supplier.
Delivery:
Now, Amazon will deliver the products to your business address just like any other e-commerce service.
Features of Amazon Business:
Here are the details of these features:
Access to business-only offers:
This service provides access to business-only offers. Companies can deal with a wide range of suppliers that manufacture products only for organizations. Having access to such offers expands the product catalog which helps companies a lot in business growth.
These deals also include products that are usually restricted to a normal Amazon account. For example, a company related to the medical field can order lab equipment here. The sellers you access here are specialized in manufacturing and providing bulk material which streamlines product supply for companies.
Tailored pricing:
The pricing on Amazon Business is specifically tailored to suit the needs of companies. Companies usually have different ways of dealing with product purchasing than individual customers. So, they get to enjoy special pricing features that are discussed below:
- Exclusive deals: companies get exclusive deals on different products that are not offered to normal buyers.
- Progressive discounts: On certain items, your company can enjoy progressive discounts as well. The number of discounts is counted by your previous purchasing volume.
- Price negotiation: Just like traditional business deals, Amazon lets companies negotiate on pricing with the supplier. So, if you have a good relationship with a supplier, you might be able to save some money on purchased supplies.
Business Prime Benefits:
Business Prime is a premium account of this service which unlocks extra perks for your company. The service has included different benefits here including multi-user accounts. It lets multiple users access a single account making teamwork more efficient. For example, multiple members from your supplying team can access this account and manage product purchasing.
It is also useful for managing your expenditures. The service uses cloud-based data to show spending patterns which is helpful for budgeting purposes. It also lets you add company guidelines to ensure employee’s compliance with company policies while purchasing items.
Multiple payment options:
I’ve mentioned earlier how different companies prefer paying in different ways. So, Amazon Business offers multiple payment options and features. For example, you get a ‘buy now, pay later’ feature. Besides this, invoice payment is also available with up to 30-day payment terms.
Getting Started with Amazon Business:
The following guidelines can help you with it:
- First, go to the Amazon Business website.
- Now, click on “Create a free account”.
- Now, enter your business email address.
- Enter further account information.
- Now, the service will send an OTP to your email address. Enter it into the designated box.
- Once done, enter your company’s phone number.
After providing this information, the company will ask for further business details. Then, it will analyze your requirements and approve the account within the next 24 hours. After that, you can manage your account and start purchasing products for the organization.
Amazon Business Prime Pricing:
In case you’re considering purchasing a Prime account for the company, here are its pricing details:
- Due: Free with Prime
- Essentials: $179/month
- Small: $499/month
- Medium: $1,299/month
Conclusion:
Amazon Business is an online service designed to provide products wholesale for companies in different countries. This service provides products in bulk and offers different features for companies. Companies can access different sellers and can even purchase restricted items such as healthcare products. Getting started with this service is easy and requires basic business information. Its Prime version allows companies to enjoy exclusive features for monthly pricing.
Frequently Asked Questions (FAQs):
Can I use this service as an individual business runner?
Yes. You can use it as an individual business runner.
Is creating a basic account here free?
Yes. This service’s basic account is completely free.
Do I need any certification to create an account for my company?
No. There is no business certification required to use this platform.
