What is the Amazon Small Business Awards? Amazon Small Business Awards Review, Features

The Amazon Small Business Awards is an award-winning program launched by Amazon in 2019. It encourages small businesses with active Amazon seller accounts and VC accounts to nominate their businesses for awards. The nomination deadline is 11:59 p.m. Pacific Daylight Time on October 6, 2019 (Sunday).

background

More than half of the goods in Amazon stores come from small and medium-sized enterprises around the world. In 2018, independent third-party sellers (mainly small and medium-sized enterprises) accounted for 58% of Amazon's total physical merchandise sales. On Prime Day this year, their sales far exceeded $2 billion. In order to encourage sellers and set an example, Amazon launched the so-called "Small and Medium Seller Award".

Award Categories

1. Small Business of the Year

All eligibility requirements must be met.

2. Woman-Owned Small Business of the Year

Key leadership positions at the company must be held by women, who must also own a majority stake (51% or more) in the company compared to other stakeholders.

3. Small Business Owner Under 30 of the Year

The main leadership position of the enterprise must be held by a person under the age of 30, and a person 30 years of age or younger must also own a majority stake in the company (51% or more) with other stakeholders. The nomination form and category selection are collectively referred to as "submissions". Each company can only submit one account to participate in the competition. If multiple accounts are submitted, the first submitted account will prevail.

Eligibility

This contest is open to legal residents of the 50 United States and the District of Columbia:

1. Registered brand owner or craftsman with an Amazon Selling Partner account.

2. The number of employees is less than 100 and the annual total revenue is less than US$50 million.

3. Legal residents of the United States with an Amazon selling partner account in the United States.

4. The sales partner account must be in good standing for the past year and during the competition period.

Reward Package

1. The winner can bring one guest on a trip to Amazon's Seattle headquarters (Amazon will cover the round-trip airfare, accommodation, and ground transportation costs).

2. 6 months of account management.

3. Amazon.com promotional support worth up to $35,000.

4. $10,000 worth of advertising credits from Amazon.com.

Winners List After the winners are confirmed, the names of the winners will be published on the official website.

schedule

1. Registration period: September 20th - October 6th.

2. Notification of finalists: October 10.

3. Public voting phase: October 15th - November 8th.

Judging Criteria

1. Small Business Stories: Which businesses have the most inspiring origin stories and company visions?

2. Customer-centricity: Which businesses demonstrate true customer obsession?

3. Product selection and value: Which companies have the most unique products that meet customer needs in innovative ways?