Online retail giant Amazon continues to grow, and it knows where to look to intensify its presence.
Amazon has just launched its business-to-business (B2B) marketplace in the UK.
Called Amazon Business, this new service aims to tap into the online B2B market here which is valued at £96.5 billion, according to the 2015 data of the Office for National Statistics.
Small, medium and large companies selling office, industrial and laboratory equipment will benefit loads from Amazon Business, which boasts an annual sales of £800 million ($1 billion) in the US and works with over 400,000 businesses.
100 million products and more
Amazon Business gives you an opportunity to get your business involved in the supply chain of other businesses and eventually increase your B2B sales.
It sells more than 100 million products and provides free one-day delivery on orders that have a value of £30 or more.
Amazon Business also offers VAT-exclusive pricing and an analytics tool to help sellers track their expenses, among other things.
As to who will benefit the most from this B2B service, Bill Burkland, head of Amazon Business in the UK, said:
“Whether you are a sole trader, a buyer in a mid-size company or a chief procurement officer in a large multinational organisation, Amazon Business has the products and capabilities to serve your needs.”
What can you sell?
Because it’s targeted at business customers, Amazon Business is an ideal avenue for selling a wide range of business products, from laptops and office equipment to pipes and cleaning supplies.
Aside from Amazon’s existing customers, listing on Amazon Business allows you to reach a wider market which consists of schools, hospitals, private companies and government agencies, among others.
If you’re new to Amazon, you can register for free to Amazon Business or add its features to your existing Professional Selling Account through Seller Central.
It looks like this new B2B marketplace has a lot to offer your business. Are you considering selling through it?
Share your thoughts on Amazon Business with us in the comments below.
As always, to your continued success,
Dave & Matt