News on Youtube Feb 24 2018

Hello guys this is Ted with OAXRAY and today we're going to talk about how the Amazon

amendment could affect your business.

Today I wanted to talk about something that we don't talk about a lot and that is Amazon

business buyers.

So Amazon business buyers have been able for the last couple years to purchase items with

a sales tax free certificate on file, they've been able to purchase it at different prices

if you decide to sell an item cheaper to business buyers or give bolt discounts there's just

a lot of different things you can do in Amazon business buyer section and I think a lot of

people are taking advantage of that.

But what we have is Amazon trying to stick its nose into the government realm.

So right now as far as I understand it whenever a government needs 10,000 paper clips or notepads

or whatever it is they generally has to be this bidding process that goes on depending

on the amount that the items are selling for.

So there's been this process going on for paper clips and what that does is it actually

makes it more expensive for the paper clips because every company is not going to bid

on a $1,000 contract for paperclips so there's less competition.

It's just kind of a bureaucratic system.

So what Amazon is trying to do is actually put in a bill or part of a bill which is going

to make it so that someone who needs 1,0000 paper clips can simply go online like a place

to Amazon and just purchase those paper clips.

It gets rid of bureaucracy, it's going to cut down the time because Amazon is going

to ship it within two days, there is not going to be all of these different requirements

that are happening right now where you just need to wait on this bidding process, wait

to get these paper clips and it a long drawn out thing.

They're trying to make it so that it is very easy for the government to simply sign up

for business prime and then actually just send this directly to the customers.

And you have other companies like Granger that supply the government with a lot of these

products because they know the ins and outs and how to bid on things but Amazon is saying

hey we have a better process, we can ship it to you in two days, there's actual competition

on our website and if you need paper clips or notepads we can provide those to you easily

so let's make it easier for the government to purchase from us.

This actually cause the stock price of these other companies to go down because if something

like this passes we're getting rid of the bureaucracy and we're making it so that just

about any Amazon business listing that's listed as a business listing should be eligible for

this program.

Now what this means for you is that you might have government buyers actually purchasing

products that you have in stock.

So this actually gives Amazon a lot more leverage and it allows them into the government realm

of purchasing items and this actually might affect your business.

So if you haven't registered for the Amazon business program which allows you to set specific

pricing for business buyers and it actually allows you to set discounts and for people

to get out of the sales tax because they're able to put their sales tax information on

file so that they don't have to pay the local sales tax for your state it actually can be helpfull.

So if I were you I'd be keeping track of how the Amazon amendment might be affecting your

business.

I think the people who are first in getting here and understanding some of the things

that the government buyers are going to be looking for will be able to actually capitalize

on this the best and made the most money off of this amendment.

So keep your eye on things like this because this might be something where you might know

a supplier of paper clips or whatever it is that are made in America and maybe one of

the requirements is that it's made in America or it's at a small business or one of these

other kind of carve outs I guess you can say.

So you want to make sure you have your ducks in a row, if there is something that you know

that is manufactured in the US and it's required to be, maybe you're to make sure that you're

listing has the appropriate information so that the business buyer knows what they need

to know and your item will come up on their radar for being purchased.

So keep an eye on this, if you do a search this is on theintercept.com, if you go to

Facebook and you go to our page you'll also see this there and you can get some more details

about how this might affect your business and how you can capitalize on this.

Thank you guys very much.

Have a great day.

Make some money using OAXRAY.