Amazon is the world’s largest marketplace for buying and selling products online. It is the world’s biggest online retailer with products from any kind of category that you can think of.
Amazon always tries its best to cater to the product purchasing needs of its audience in the most effective way. And now, not just individual users, businesses can also make use of Amazon to procure goods in bulk. This is what Amazon’s Business account is for.
What is Amazon Business? Benefits And Difference
Amazon Business is purchasing solution for small or large registered businesses and these businesses can use their account to make large purchases for their business.
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Here is the primary difference between Amazon and Amazon Business
Amazon vs Amazon Business Which Is best In 2021?
The layout and user experience of the Amazon Business is quite similar to what you get with the standard Amazon account. But the business account offers additional features and services that are specific to the needs of the businesses.
Through the Amazon business account, the users would get access to the business only pricing, multi-user accounts and so much more. The features of this account make it easier for companies to gather data about their spending and offer a lot of interesting features which make this account a pretty decent tool for businesses.
8 Benefits of Amazon Business In 2021
1. Spending Visibility Analysis
This feature keeps track of the company spending and shows it to you in an interactive, visual way which allows you to easily gather data and learn about the spending trends for your company. Learning about all this information will help businesses formalize and strategize their spending plan in a more effective way.
2. Super-Fast Delivery
Using the Amazing Business Account, businesses can choose from multiple products delivery options that range from the same day to two-day shipping. This makes it easier for small businesses to get restocked in a short amount of time. This account offers massive discounts for bulk order delivery as well.
3. Tax Benefits for Small Businesses
The Amazon Tax Exemption Program (ATEP) offers tax exemptions to small business under certain conditions. The ATEP is a tool by Amazon that determines whether a business qualifies for tax exemption or not.
Once the business is considered to be eligible for tax exemption, the exemption can be applied by the user to eligible purchases from Amazon and all its affiliates. This can help small businesses save a lot of money on taxes.
4. Extended Terms for Pay by Invoice
The Amazon Business Account users can request to extend terms for pay by invoice. This would extend their terms for payment to 45 to 60 days. This is a service offered to Amazon Business only and would work as per the plan of the account being used.
5. Business Only Products
Amazon Business offers you products in bulk that are specific to businesses. This account doesn’t list products for individual users. It is focused to towards catering to the procumbent needs of businesses. The users of this account also get massive discounts on over 5 million products and multi-unit purchases.
6. Business Prime
Business Prime account is also available with Amazon which helps businesses get restocked with the products that they need in a short amount of time. The users are given options ranging from the same day delivery to one- or two-day shipping.
7. Reporting and Analysis
Using the Amazon business accounts, businesses can keep track of the money that they have spent on the purchasing. The monitoring is made easier by handy charts that show you exactly how much money your company has spent over the span of a certain amount of time.
8. Multiuser Accounts
Amazon Business allows you to create purchasing groups for your team which connects your entire team through a single dashboard. This help further streamline the process of purchasing.
Conclusion:
Amazon Business is for business startups as well as established businesses looking to take their procurement experience to a whole new level. This account can offer amazing tac exemption benefits to small businesses given that they qualify for the tax exemption.
Businesses can save a lot of money by shopping or selling on Amazon business. We highly recommend Amazon Business account for small business for their products purchasing and business spending management needs.