Amazon's B2B Procurement Store is rolling out new resources designed to help small entrepreneurs.
it's part of everything Amazon Business” Retail giant celebrates 3rd annual Small Business Month announced On Wednesday (May 1st), an online resource center called “'' was introduced. “Small Business Success Studio”
This free service offers lessons on finance, marketing, sourcing, and operations, as well as tips from founders. Alison Ellsworth of Poppithe company said in a news release.
Businesses can learn how Amazon Business can simplify procurement and increase operational efficiency, and businesses with annual revenue of $1 million or less are eligible to apply for grants of more than $250,000 there is.
“Promoting education and funding small businesses that are making an impact in their local communities is something Amazon Business is very passionate about,” he said. sherry salomonVice President of Amazon Business Worldwide.
“Whether it's through grants, educational opportunities, or the innovative tools Amazon Business offers to simplify purchasing decisions, we help these small businesses succeed by freeing up their time and resources to help them become self-sufficient.” “We want to be able to focus on our mission,” Salomon added. .
Amazon's “Small Business Month” coincides with National Small Business Week, and as PYMNTS wrote on Thursday (May 2), this time of year, more and more retailers Focusing on areas other than Main Street And then to e-commerce.
“And with that news, Growth after the pandemic “How key components of the U.S. economy are performing is paramount, as most Main Street small and medium-sized businesses (SMBs) are outperforming analysts' expectations,” the report said. .
“We find that the answer is often to expand into e-commerce and embrace an online presence. After all, online commerce eliminates geographic barriers and allows small businesses to expand into local areas. “This expands your potential customer base and increases sales opportunities,” the report adds.
According to research by PYMNTS Intelligence, approximately 80% of small businesses Although they use online channels, an additional 16% say they are interested in adopting them. Additionally, the average Main Street small business realizes half of its sales through online channels. Main Street retail small businesses are leading the way, generating 54% of their sales from these channels.
Individual research from the PYMNTS Intelligence Report “Main Street small business growth exceeds GDP for first time in two years” shows that companies in this category with increasing revenues are more likely to sell products online than those with decreasing revenues.