Amazon Offers Educational Initiatives to Help Entrepreneurs and Small Business Owners

Amazon now offers a range of Amazon Small Business Academy programs to help small businesses harness the power of the internet to reach more customers, build their brand, and grow sales. The initiatives include in-person seminars, community college courses, and webinars.

Check Out These Resources

• Do you need a business bank account for your online business? Take a look at our review of the five best bank accounts for sellers, some of which are free with no minimum balance or deposits. ^[sponsored]
• Boost your social media engagement with Publer. Learn how you can save time writing engaging content faster with AI. ^[sponsored]
• Could your online business use capital for growth? Here is a primer on revenue-based loans, and how they work.

“Small businesses make up 99.9% of U.S. businesses, employ almost 60 million people, and are the backbone of our economy. We’ve heard from many of them that they want help and guidance to take advantage of the power of the internet and digital business, particularly in rural areas. Amazon Small Business Academy is focused on accelerating small business’ digital capabilities, whether they are a brand new company or one that has been in business for generations.”

Nicholas Denissen, Amazon Vice President of Small Business

Amazon Hosted First Event Last Week

Last week in Southaven, Mississippi near Memphis, Tenn., Amazon hosted its first Amazon Small Business Academy event, featuring special guest speaker U.S. Senator Roger F. Wicker.

The free seminar provided more than 100 attendees with insights, best practices, and how-to skills to start and grow a business online or expand an existing business on the internet.

The company’s next Amazon Small Business Academy seminar will be held in December, with more events planned for 2020.

“Small business owners and entrepreneurs are the driving force behind economic growth in Mississippi and across America. The Amazon Small Business Academy will empower more small businesses to succeed, particularly in rural states, through digital tools and broadband access.”

U.S. Senator Roger F. Wicker

The Amazon Small Business Academy program also includes a grant to the National Association for Community College Entrepreneurship (NACCE) to help fund curriculum development and instruction of digital business courses in community college classrooms around the country.

The classes will cover the fundamentals of online business strategies, marketing, merchandising, inventory management, and more.

The curriculum will provide sixteen hours of beginner, intermediate and advanced content, created in collaboration with NACCE and the program’s lead schools: Lorain County Community College in Elyria near Cleveland, Ohio and North Idaho College in Coeur d’Alene, Idaho.

Classes will begin in February 2020 at the lead schools, as well as Bunker Hill Community College in Boston, Mass.; State Center Community College District in partnership with Fresno City College, in Fresno, Calif.; Houston Community College in Houston, Texas; and Red Rocks Community College in Lakewood, Colo.

“We’re thrilled to embark on this innovative program with Amazon. Community colleges provide valuable content and programming for both aspiring and current small business owners. This Amazon grant will help NACCE and the schools foster the next generation of businesses to power the U.S. economy.”

Rebecca Corbin, Ed.D., president and CEO of NACCE

The Amazon Small Business Academy program also offers webinars to help current and aspiring small business owners throughout the country gain digital skills.

The online seminars will provide best practices for successful selling in Amazon stores and include live Q&A with experts. Registration is open for an initial webinar here.

SMBs Sell More Than 4,000 Items Per Minute on Amazon

Altogether, U.S.-based small and medium-sized businesses sell on average more than 4,000 items per minute in Amazon’s stores.

Overall, independent third-party sellers – primarily small and medium-sized businesses – made up 58% of all physical gross merchandise sold in Amazon’s stores last year and their sales far exceeded $2 billion on Prime Day in July this year.

In little more than a year, U.S. companies with products in Amazon Storefronts, a curated destination to shop exclusively from American small and medium-sized businesses, have sold more than 250 million items to more than 70 million unique customers.

Amazon has released more than 150 tools and services in 2019 to help independent small and medium-sized businesses grow their sales online, which is part of the more than $15 billion the company is on track to invest this year in the success of its selling partners.

What do you think about how Amazon is supporting small businesses?

Please use the comments section below or head over to our Facebook Group for Small Business Sellers and interact with other small business owners.

Follow us on Facebook, Twitter, and LinkedIn to stay up to date with relevant news and business insights for your online business.