Tag Archive online sales

Amazon Accelerate: Free Virtual Seller Summit Sept. 1-3

Before paying a fast-talking “online entrepreneur” who promises to show you how to make six figures on Amazon in weeks (if you just buy his course!), consider the free advice straight from the horse’s mouth.

Amazon is hosting a free, three-day virtual summit for new and current sellers. The event — called Amazon Accelerate — runs Sept. 1-3, from 9 a.m. to 2:30 p.m. Pacific time.

“This is an important time for us to come together and learn from each other as we navigate new economic realities,” Jeff Wilke, Amazon’s head of retail and e-commerce, said in an announcement.

The pandemic has upended how most businesses operate and how consumers shop. E-commerce is one industry that has not only weathered the crisis well — but soared. According to Amazon’s recent business impact report, third-party Amazon sellers have seen record sales and now account for 50% of all products sold on Amazon.com.

Here’s how to grab your piece of the pie with Amazon Accelerate.

More on Amazon Accelerate

More than 70 sessions pack the agenda for all three days. Wilke is among several Amazon executives slated to speak. Other speakers include Amazon staff, business owners and e-commerce experts.

The sessions are split into two main categories: events for new sellers and events for current sellers. Each day starts with a shared keynote speech from an Amazon executive, and then the two groups break into concurrent sessions.

For new sellers, topics include:

  • The basics of online sales and where Amazon fits into the equation.
  • Crafting high-quality product listings that reflect your brand story.
  • Pricing and promotions.
  • Setting up Fulfillment by Amazon.

Current sellers will learn more about:

  • Using sponsored ads to reach more customers.
  • Joining Amazon’s Brand Registry program.
  • Expanding into other countries.
  • Incorporating brand analytics into your sales strategy.

Many more topics and sessions are scheduled. To ensure you’re attending exactly what you want, you can build your own itinerary on the agenda page. Be sure to bring your burning questions for the pros. Many sessions have time earmarked for a live Q&A with the speakers.

Pro Tip

The deadline to register and reserve a spot is Aug. 31 at 11:59 Pacific.

According to an event FAQ, recorded versions of each session will be available 24 hours after the session ends and viewable to attendees until Sept. 30. After that, they will be taken down and moved to Amazon’s Seller University. If you can, make it to the live session to take advantage of the Q&A. The recordings will not include that portion.

FROM THE MAKE MONEY FORUM

Keep Up With All of Amazon’s Free Resources

Amazon Accelerate comes as the latest installment in a slew of resources for sellers and small business owners. The company recently launched Amazon Small Business Academy, a hub of free webinars, tools and resources — including the Seller University — for authors, businesses dabbling in e-commerce and small-scale individual sellers.

The company has stated a preference toward in-person and tangible workshops, but the pandemic has put a damper on those plans. In the early months of the pandemic, Amazon’s new college classes were forced online after they were planned to launch in-person at several partnering community colleges.

Accelerate, too, is an example of an inaugural program that’s gone virtual. While it adds to the many things we’re now conducting through video conferencing, there are definite benefits of being able to log in to an event — from wherever you are — and get free advice directly from Amazon execs.

Adam Hardy is a staff writer at The Penny Hoarder. He covers the gig economy, entrepreneurship and unique ways to make money. Read his ​latest articles here, or say hi on Twitter @hardyjournalism.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

Brex Corporate Card for Ecommerce Review

If you run an ecommerce business and have a monthly cash flow of $100,000 or more, the might be a perfect fit for you. This unique card gives you 60 days to pay back purchases, which can ease cash flow strains, and offers fantastic rewards on common business expense categories. Plus, the card doesn’t charge fees or interest.

What we like about the Brex Corporate Card for Ecommerce

  • 60-day payoff schedule: Get an extra 30 days to pay off your expenses. The additional time gives online businesses more flexibility with their cash flow schedule.
  • No interest: The card is a charge card rather than a credit card, so it doesn’t come with an APR. Rather, after the 60-day time period is up, the payment is automatically withdrawn from your account.
  • No personal guarantee: You sign up with the Brex card through your business rather than your personal information.
  • High rewards potential: Earn 7x points for rideshare expenses, 4x points on travel booked through Brex, 3x points on restaurant purchases and 2x points on software subscriptions. Plus, receive 1x points on everything else.
  • Fast approval: Brex could approve you in just a few minutes and give you access to a virtual card you can use immediately.
  • Free employee cards: Up to five employees can receive free cards. After that, each additional card costs $5.

Things to consider

  • Charge card vs. credit card: This card isn’t a credit card. Therefore, you must pay your balance off in full by the due date. For anyone looking to maintain a rolling balance, this card may not work well for them.
  • Specific reward categories: The rewards rate on this card is fantastic for specific business categories, like rideshare and dining. However, if you don’t spend a lot in the reward categories offered by this card, you might be able to find a better option elsewhere.

Brex Corporate Card for Ecommerce details

With the , you apply as a business rather than as an individual. Therefore, your personal credit score isn’t impacted, and you don’t have anything on the line if your business loses money or gets charged with fraud. Instead, Brex underwrites you.

You can start building up your business credit by using this card, as well as secure a higher spending limit. Your spending limit is determined by the amount of cash or sales your business brings in. As long as your business makes over $100,000 each month and has been in operation for over a year, you’ll likely be approved.

This card seeks out online businesses with larger cash flows, so the issuer won’t work with sole proprietors or smaller shops. If you qualify, it could be a good option for earning rewards with your regular spending.

Fee details

This card carries no annual fee, no foreign transaction fees and no late fee. How is this possible? The company charges a small fee to each merchant you swipe your card at. Rather than making you pay to use the card, Brex puts the onus on anyone selling products to you.

Furthermore, it’s a charge card rather than a credit card. Charge cards require you to pay off the full balance at the end of the term rather than charging interest. In this case, you have 60 days from when you make a purchase to pay off the card completely, or Brex will automatically withdraw the money from your account. Even if your credit limit is high, you must be sure you have funds available two months later.

How does it compare to other corporate cards?

If you’re looking for a charge card for your online sales business that won’t charge you fees but offers various perks, the could be perfect for you. However, if you want a more standard business credit card, there are many other options out there, such as the American Express® Business Gold Card and the Chase Ink Business Unlimited credit card.

Card Ongoing Purchase APR Annual Fee Intro Bonus Credit Needed Key features
N/A Up to $60 30,000 in Brex Rewards points upon signup and waived card fees for life ($300+ value in the first year) None
  • No fees
  • Helps build business credit
  • 60-day payoff schedule
15.24% – 23.24% Variable See Rates & Fees $295 See Rates & Fees 35,000 Membership Rewards® points after you spend $5,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership. Terms Apply. Excellent
  • Earn 4x the points in your two biggest spending categories every month
  • Receive travel perks at participating hotels
  • Ability to pay over time with a flexible payment option to help manage cash flow on purchases of $100 or more
  • Terms Apply
14.74% – 20.74% Variable $0 $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening Excellent
  • Get unlimited 1.5x cash back on every purchase
  • Free employee cards
  • Receive protection on travel and other purchases

The bottom line

The isn’t for everyone, especially since the company is strict about who qualifies for the card. You must earn over $100,000 per month in ecommerce business to get this card. If you do qualify, the excellent rewards and other benefits make this card a must-have for growing your business. The 60-day payoff term and the ability to grow your business credit while not being personally liable are fantastic features. With no fees, applying for this card may be worth your time. However, anyone who doesn’t meet the card’s qualifications or wants a more traditional business credit card will need to look elsewhere.

For rates and fees of the American Express® Business Gold Card, please click here

Editorial Note: Compensation does not influence our recommendations. However, we may earn a commission on sales from the companies featured in this post. To view a list of partners, click here. Opinions expressed here are the author’s alone, and have not been reviewed, approved or otherwise endorsed by our advertisers. Reasonable efforts are made to present accurate info, however all information is presented without warranty. Consult our advertiser’s page for terms & conditions.

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