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Consumers and businesses are well aware of e-tail giant Amazon.com; many companies turn to Amazon to purchase discounted and bulk items. However, Amazon Business provides tools and benefits beyond low prices and free shipping.
Amazon’s business resources give registered users valuable benefits unavailable to regular Amazon account holders. Whether you’re starting a business or have an established venture, learn how an Amazon Business account makes purchasing corporate items and supplies through Amazon seamless, efficient and inexpensive while providing purchase management features, analytics tools and more.
Amazon Business is a free platform that makes purchasing on Amazon easier, more insightful and more convenient for registered businesses.
After registering with Amazon Business, you can take advantage of the following features (and more):
Amazon Business is an excellent financial accounting tool that integrates with accounting software like QuickBooks and Xero. Read our QuickBooks Online accounting review and our review of Xero to learn more.
Creating an Amazon Business account is free and straightforward. Here’s how it works:
Amazon will verify your business, and you can begin shopping and setting up your account. As the account creator, you’re the administrator, so you can:
Amazon Business works almost exactly like a standard Amazon account. If you’ve ever used Amazon to purchase something, you’re already familiar with the interface and the basics of how Amazon Business works.
To use Amazon Business, log in to your Amazon Business account. Once signed in, you can explore flash deals, wholesale options, quantity discounts, specific business categories and more.
Hover the cursor over your account to access your account details and manage your business. Select Business Analytics to access your Analytics dashboard, and select Business Settings to set up your team, add users and more.
Amazon Business offers discounts on millions of products. It also provides price breaks on multi-unit purchases and allows users to view multiple offers from various sellers on a single page.
Amazon Business 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.
Amazon introduced the concept of one-click purchasing in 2000. One-click purchasing helps reduce shopping cart abandonment and encourages impulse buys.
Amazon Business offers various payment options. Add a business credit card, ACH payment information or wire information to the primary account, and designate which users can access which payment method.
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 numerous purchasing systems, including BirchStreet, Oracle iProcurement and Workday. You can also set up punchout via a self-configuration tool.
In theory, any kind of business can use Amazon Business. If you sell online via 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.
Businesses that earn money by selling their products to other businesses can also use Amazon Business as a marketplace for reaching their customers. If you run a business that sells office supplies or other crucial business goods in bulk at discount prices and want to shift toward an e-commerce business model, register as a seller on Amazon and then create a Business profile.
Amazon Business Prime is a paid membership that enhances the benefits of Amazon Business. It’s separate from a typical consumer Amazon Prime account. Amazon offers a 30-day free trial for Amazon Business Prime to test the service and see if it’s right for you.
All Amazon Business Prime tiers include the benefits of Amazon Business in addition to valuable services, tools and perks.
The Amazon Business Prime tiers and their features are as follows:
The Amazon Business Prime Duo tier is for existing Amazon customers with a personal Prime account. The cost is $69 per year (one user). In this tier, you’ll get:
The Business Prime Essentials tier allows up to three users. The cost is $179 per year. In this tier, you’ll get all Amazon Business and Amazon Business Prime Duo benefits along with the following:
The Business Prime Small tier allows up to 10 users. Cost is $499 per year. It includes everything in Essentials plus:
The Business Prime Medium tier allows up to 100 users. The cost is $1,299 per year. It includes all previous benefits along with 45-day extended terms.
The Business Prime Enterprise tier allows over 100 users. The cost is $10,099 per year. It includes all previous benefits plus:
An Enterprise option called Public Sector is available to governments, nonprofit universities and public education institutions. Its expense-tracking features could be invaluable for nonprofit accounting challenges. Contact Amazon for pricing.
In theory, a business can join Amazon Prime to get free shipping and delivery benefits (note that sales tax is still charged). However, Amazon Prime is intended for consumer use; it lacks the business tools and steep discounts Amazon Business and Amazon Business Prime provide.
Businesses that need business pricing, bulk discounts and deeper purchasing controls should consider Amazon Business Prime.
Amazon Business is tailored to large and small businesses to streamline purchasing and help companies boost sales and revenues. The e-commerce giant has created a platform to help automate and manage procurement, providing insights into purchasing trends and spending habits. Amazon Business Prime takes these features further with additional shipping and analytics perks.
Consider the benefits of Amazon Business and Amazon Business Prime to determine if these platforms are right for your business.
Jennifer Dublino contributed to the reporting and writing in this article.