Monday, January 30, 2023

What Does An Amazon Business Account Do

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Know Your Businesss Finances

Amazon Business Account – Advantages & How to Make One

When you have a financial system and processes in place, you can make more informed, data-driven decisions about the trajectory of your business. Youll be able to spot growth opportunities faster as well as get ahead of potential problems before they snowball.

You will also have the business intelligence to review what products are selling profitably, which benefit from paid acquisition, and clearly know how much money is on hand to pay yourself at the end of each month.

Amazon Accounting Key Takeaways

Amazon accounting is so much easier if you establish a solid foundation of systems and processes early on, including:

  • Using cloud accounting software
  • Building your accounting tech stack
  • Optimizing your chart of accounts and keeping up-to-date
  • Creating and monitoring your financial reports each month
  • Building your financial team

Want to improve your cash flow and get more confident with your numbers? Learn how to use Xero effectively for your e-commerce business with our free Xero toolkit. This includes our step-by-step guide to getting your Xero file in order, a Cashflow Forecast Template, and a Bookkeeping timetable template to help you stay on top of your finances & get current reporting..

Wayne Richard

How To Optimize Your Amazon Product Listings

Another phase you’ll need to familiarize yourself with is the creation of product listings. However, it isn’t enough to create those listings you also need to optimize them.

Optimization is the process of making your listing most appealing to Amazon’s search engine. This process makes it more attractive for users, increasing your ranking for specific keywords.

But before you can optimize for keywords, you need to know how to find them. To do that, you can use AMZScout’s Keyword Search and Reverse ASIN Lookup Tool. Here’s how you can get started:

  • Find the product ASIN of your competition .

  • Put the ASIN in theReverse ASIN Lookup search bar.

  • Specify the number of words you want in a keyword .

  • Choose your search volume .

  • Look at the keyword results.

  • Pay particular attention to long-tail keywords that have four or more words within. You’ll want to use the long-tail targets that best describe your product. This is known as keyword relevancy, and it is essential when finding the shortest way to express your product through how your customers search. Long-tail keywords also include shorter keywords, giving you dual ranking potential if your product gains more popularity.

    You’ll also want to go through the complete listing optimization process found in this guide.

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    How To Find Products To Sell

    Search your product idea on Amazon and other major retailers. Take a look at the price. Aim for something thats more than $10 but less than $50. Why? Thats the target price range for impulse buys. Impulse buys are likely to turnover stock faster.

    Next, use to get an idea of how many people are searching for certain keywords. This will help you make sure theres a demand for your chosen product and can help you find the words and phrases you should use in your products title and description.

    Now, use the Best Sellers Rank on Amazon. The ratings show you where there is a demand for the product. This alone should not be what you base your decision on. However, if you notice that a particular item dominates a product category, it may indicate the category is too competitive for your first product.

    Take a look at the first three to five products on the seller page within a given category. The lower the BSR number, the more it sells, and the higher it is ranked.

    If a lot of products within the category have low BSRs, youre looking at a highly competitive category. If there are many products with higher BSRs, this could be easier to start with since theres not as much competition.

    You can use to help you conduct your product research. With these tools, you can determine competition, demand, FBA fees, and more.

    • Product size
    • Product shape
    • Product weight

    Here Are Some Of The Cons That Come With Selling On Amazon Business:

    How to Delete Your Amazon Search History: 11 Steps (with Pictures)
    • More Fees Which Reduce Product Margin. With Amazon Business, you may pay 6 to 15 percent in fees, with a few exceptions for items that are typically not sold as business products. This does not include fees for Fulfillment by Amazon.
    • Product Differentiation is Harder. By selling on Amazon, you cant differentiate yourself as easily. Similarly, you cant interact with your target market and end consumers and explain why they should buy from you. On Amazon Business, buyers can easily search for the lowest cost vendors and purchase from them.
    • Buyers Become Amazons Customers, Not Yours. Amazon limits how sellers can communicate with customers. As a seller, you cant easily communicate with your customers. Similarly, you dont have as much freedom to include packaging inserts and other marketing materials. It will become more difficult for consumers to understand your brand because Amazon has more control of the buyer-seller relationship.
    • Product Data and Technical Information. It can be difficult to effectively upload product data into Amazon Business. It becomes a very technical and tedious task which you may have to outsource to an IT company. Each product category has its own rules. The way you set up your product data will affect how well it sells and appears on Amazon.

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    Amazon Business Goes Beyond What Prime Offers

    Amazon says that although some business users may have had Prime accounts before the official Amazon Business service launched, its ideal for them to transition into Amazon Business accounts instead of continuing to use Prime. Amazon asserts that its Business plan offers all of what company users should need from Prime and more.

    For example, special pricing exists for Business users, and Amazon says it can guide business users to buy the right products for their needs based on a companys purchasing standards or preferences. There are also several other shipping choices for Business users, such as free same-day shipping.

    Amazons ability to deliver products to its customers so quickly has a lot to do with how it strategically locates its fulfillment centers. Some of them even occupy former shopping malls, revitalizing those once-popular but now largely obsolete locations by focusing on e-commerce.

    Its worth mentioning that Prime users can pick an ultra-fast shipping option called Prime Now. Then, you get deliveries in one or two hours in some markets. Amazon has specifications for its Business-level same-day shipping, too. However, it appears that the service is available throughout the contiguous U.S. and not merely in certain markets.

    How To Join Amazon Business

    To join Amazon Business, follow these steps:

  • Visit to get started.
  • You’ll be asked to enter the email you want to use for your account. You can use the one provided by your employer. You’ll also need to enter your name and a password.
  • Amazon will ask for your business information to help verify it, such as the address shown on your official documents.
  • To get verified quicker, you can provide your credit card or tax information such as a business tax ID. But you can skip this step.
  • Amazon will then verify you. It can up to 24 hours. View your status from here.
  • Note: If you try to join Amazon Business with an email that’s already connected to a regular Amazon account, you’ll be asked to upgrade that account to an Amazon Business account. If you decline this offer, you’ll need to sign up with a different email.

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    What Is Amazon Prime

    Amazon Prime is a membership program that when you subscribe to it, you get member benefits such as free same-day or two-day shipping on eligible purchases. You get to stream movies, shows, and music, and you also have access to optional new services like Prime Wardrobe and Prime Pantry.

    Prime Day is an annual sales event that is another exclusive benefit for Prime members. For more info on Prime Day, see ZDNets guide here.

    Myth : You Only Have To Worry About Bookkeeping At Tax Time

    How to set up an amazon business account

    One of the biggest misconceptions about accounting is that you can put it off until a few weeks before the tax deadline. You can think about it once, and then be done until the next year.

    The reality is you are setting yourself up for all kinds of financial reporting, compliance issues, and cash flow problems with this laissez faire approach.

    In addition to doing your taxes, you need to have accurate bookkeeping records.

    Timely, accurate, detailed accounting provides you business intelligence to arm you in making the most informed business decisions around sales, customer acquisition, inventory management and operating expenses such as owner pay.

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    Top 8 Benefits Of Creating An Amazon Business Account

    Amazon is an eCommerce giant that is famous for its discounted prices, fast shipping, and excellent customer service. Amazon Business Account is an amazing program that is designed to provide unique products, delivery, and purchasing options for businesses of all types and sizes. Business owners can make the most out of Amazon Businesss useful features and improve sales and revenue. Creating an Amazon Business account is a worthwhile idea for small business owners, as it provides business owners with a variety of options.

    When you sign up for an Amazon Business account, you will become the registered user who can add and manage advanced business account features. Amazon Business account is free, offers a number of incredible options including pricing discounts, tax exemption, fast delivery options, and analytics report. Becoming a registered business account customer is a sensible option to make the most out of Amazon Business Services.

    Dig Deeper:

    Amazon Business Vs Seller Account

    Lets start things off by defining the distinction between a business account and a seller account. Put simply, business accounts are for buying, and seller accounts are for selling.

    Thats the simple answer, but dont stop reading! The truth is, theres a bit more to it than that.

    Business and selling accounts are both distinct from regular Amazon accounts like the one you probably use for personal purchases. To understand what truly sets these different accounts apart from each other, Lets look at them in greater detail.

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    How To List A New Item To Sell On Amazon

    1. If you’re not already logged in to your Amazon account, do so.

    2. Once on your “Seller Dashboard,” click “Catalog” in the menu bar. Select “Add a Product” from the dropdown menu.

    3. Choose “I’m adding a product not sold on Amazon.”

    4. Browse item categories before choosing “Select category” and picking a subcategory.

    5. Enter your product’s information in the “Vital Info” and “Offer” tabs.

    6. Click “Save.”

    Reconcile Your Bank Statements

    Amazon Sellers

    You can run a reconciliation report to see if there are any inconsistencies between bank and credit card statements and what is showing up in Xero. This is especially important at tax time to ensure you are reporting the right financial numbers.

    Cloud accounting software, like Xero, is great at automatically syncing all of your bank transactions to your feed. However, occasionally one of your bank feeds might have an outage or some transactions go unaccounted for.

    This is why bank reconciliation is so important.

    You can run a reconciliation report to see if there are any inconsistencies between bank and credit card statements and what is showing up in Xero. This is especially important at tax time to ensure you are reporting the right financial numbers.Another benefit is protecting your business from fraud. For example, if your VA has access to your bank accounts, running a reconciliation report on a regular basis ensures they arent stealing from the company.

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    How To Establish Your Own Brand

    Regardless of whether you want to build a long-term brand or just choose something that goes with your first product, your brand is a core part of your marketing strategy.

    To get started with your Amazon business, youll need a seller name and a product brand name.

    Your seller name is the company that every product you sell on Amazon falls under.

    Your product brand name. You can have a separate brand name for each of your product listings. If you sell something in the kitchen category, you can have a kitchen-like brand name. If you sell a pet product, you can have another brand name for that, and so on. You set up each brand under your main company.

    Amazon provides the following guidelines for creating your seller name:

    Your seller display name is displayed with your listings and on your Seller Profile. Sellers are generally allowed to be descriptive or fanciful as they like when creating their display names. There are a few constraints, however.

    • Each seller has to have a unique display name.
    • Display names cannot have the word Amazon or any other Amazon domain name or trademark.
    • You, as the seller, must have all necessary rights to your display name.
    • Only letters, numbers, and – or _ are allowed. No other special characters are allowed.
    • No profanity or offensive display names are allowed.
    • For readability, display names are suggested to be less than 20 characters long.

    Brand Design

    You can brand the product itself by printing on the product or adding stickers.

    Which Are The Key Features Of Amazon Business

    Whether youre a growing startup or an established business, there are plenty of ways to reduce your costs.

    • Business deals. Get access to business exclusive deals to maximize your savings.
    • Bulk discounts. Buy in large quantities and get bulk discounts on eligible orders with Quantity Discounts.
    • Custom Quotes.
    • Free shipping.

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    The Familiar Experience Of Amazon

    The user-friendly shopping experience of Amazon makes Amazon Business an easy choice for organizations. New users can onboard quickly and can easily compare products and prices from multiple sellers. Personalization, powered by machine learning, makes purchasing faster.

    Just as you can when shopping for home, you can buy for work on the Amazon Shopping mobile app using your Amazon Business account. Save time and increase purchasing agility by placing orders for business critical supplies on the go. Organizations also benefit from Amazons industry-leading fulfillment and delivery, with options for free, one, or two-day shipping on eligible orders.

    Amazon Business creates a balance between empowerment and speed, while making sure weve got compliance with internal spending policies, too.

    Nathaniel Polky, Director of Information Systems, Sugar Mountain

    How To Create An Amazon Business Account:

    How To Set Up Your Amazon Seller Central Account 2022

    Before you can go shopping or selling on Amazon Business, you need to register for an account, which includes providing some information about your business. To become an Amazon business customer, please visit this page and create a new business account. You can also update your existing personal account on to a business account.

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    What Is Amazon Business Account

    At the time of launch, Amazon said of its new business marketplace: Amazon Business combines the selection, convenience, and value customers have come to know and love from Amazon, with new features and unique benefits tailored to businesses.

    has allowed business customers easy access to an enormous range of products including everything from electronics to culinary equipment to janitor supplies.

    In addition to business-only selection and pricing, customers of Amazon Business also get free two-day shipping on eligible items, multiple-user business accounts, advanced payment solutions, tax exemptions, specialized customer support, and more specialist features to help them improve their business.

    Amazon Business was set up to give an improved purchasing solution for all registered businesses. Each business nominates users from their company that are permitted to purchase business supplies from Amazon on behalf of their company.

    How To Set Up An Amazon Seller Account As An Individual

    1. Visit and scroll to the “How to register” section.

    2. Select either “Sell as an Individual” or “Sell as a professional.”

    Quick tip: If you aren’t logged in already or haven’t created an account, you’ll need to do so before you can begin the seller application.

    3. Select the country you’ll manage your virtual shop out of.

    4. A new drop-down will appear, prompting you to designate the type of seller you are. Select “Sell as an individual.” Then click “Agree and continue.”

    5. Select or enter the following details:

    • Citizenship country

    9. Click the box at the bottom of the page to accept the terms and conditions before selecting “Verify Bank Account.”

    10. Enter your credit card information and select a billing address if it isn’t already selected when signing up for a Professional account.

    11. Input your store name, and tell Amazon whether you have UPC codes, diversity certifications, and whether you’re the manufacturer or brand owner for all or some of your products.

    Quick tip: If you answer “yes” or “some of them” for the brand owner question, you will have to answer whether you have a government-registered trademark for those products.

    12. Confirm your personal account details and upload your ID documents and bank statement.

    13. Select “Submit.”

    In five to eight business days, you’ll receive a postcard with a confirmation code to verify your account. You’ll then receive an email from Amazon once the verification process is complete.

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    Stats About B2b Customers

    • Over 5 million registered business customers ranging from small businesses to large enterprises:
      • 80+ of the Fortune 100 companies
      • 92 of the 100 biggest US hospital systems
      • 45 States
      • 90 of the 100 largest cities and counties
    • B2B customers have a larger basket size than B2C
    • On average, B2B customers return products less frequently

    Amazon Prime Vs Amazon Business: Whats The Difference

    Significant Benefits of Opening a Free Amazon Business Account

    Amazon Prime is mostly for people, whereas Amazon Business is primarily for businesses. One of the most significant distinctions that will be important to small company owners is this.

    Unlike a shared Amazon Prime account shared by all employees, an Amazon Business account allows you to see who is ordering, what each individual or group is purchasing, etc. Thats ideal for ensuring that purchases are both required and within budget.

    You also receive a separate Amazon Business account customer service line, unlike Amazon Prime.

    Amazon Business Prime is an Amazon membership that offers subscribers several advantages. Free delivery, discounts, and member-only deals are all included with a membership. AWS QuickSight-powered expenditure reports are also included in Amazon Business Prime.

    The benefits of Amazon Business Prime go beyond expedited, free shipping and deep discounts on large business items. Users of Amazon Business Prime get access to the following exclusive features:

    Although there are several benefits and reasons to open an Amazon Business account, it is not for everyone. Only if you use your Amazon Business account for personal purposes is there a catch. Combining company and personal expenditures might make tax time more difficult. If you arent using it only for business purposes, you should speak with your accountant before joining up.

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