‘Amazon’s Business Marketplace Hits $1 Billion in Sales’ – Entrepreneur
Reuters team says, “Amazon.com Inc.’s business marketplace, which connects businesses with suppliers, has generated $1 billion in sales in its first year, making it a significant player in a fragmented industry worth more than $8.2 trillion in the United States.
Amazon Business offers U.S. businesses exclusive pricing and discounts for buying in bulk, free two-day shipping for orders of more than $49, tax exemption and the option to get products delivered with an Amazon guarantee.
“We are continuing to grow at a rate of 20 percent month-on-month, and that highlights … how strong the need is in this segment,” Amazon Vice President Prentis Wilson told Reuters on Tuesday.
The business marketplace, which Amazon has described as one of its important areas for growth, extends its role as a middleman for third-party vendors, which account for more than 40 percent of the company’s sales”.
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