Furthermore to jumbo-sized snacks and bulk beverages, Sam’s Club business members is now able to buy a whole suite of services from the retailer so as to streamline their entrepreneurial pursuits.
As the Walmart-owned retail warehouse is frequented by tens of an incredible number of American consumers, the chain says it welcomes roughly 600,000 small-business owners within its 643 clubs each day. Companies pay a $45 annual membership fee, like regular members, but can have up to eight add-on accounts.
However now, Sam’s is making a louder push to court companies by offering services in the fields of healthcare, payroll and legal services — three areas that entrepreneurs have a tendency to find especially costly and time-consuming, said the company’s president and CEO Rosalind Brewer.
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The retailer is working alongside leading skillfully developed in each respective field — with Aetna for a personalized healthcare plan, with Execupay for an outsourced payroll platform and with LegalZoom for estate planning products and independent counsel.
Through its collaboration with Aetna, Sam’s will open private healthcare exchanges in 18 total states, that will serve instead of the general public exchanges created by 2010’s Affordable Care Act. To become eligible, a business must count at least two employees, Sam’s said.
Instead of plans that cover all employees uniformly, the Aetna Marketplace for Sam’s Club — as the collaboration is named — lets owners offer the pre-defined plan or a set, pre-tax contribution that workers can connect with an idea of their choosing. Because of heavy industry regulation, said Sam’s SVP of health and fitness, Jill Turner-Mitchael, pricing for Sam’s plans will be “similar” to those on the general public exchange.
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Using its new payroll service, Sam’s sought to lessen the precious time wasted by companies on back-office activities, said SVP of membership services, Seong Ohm. To the end, Sam’s Club Payroll could be run from a smartphone, tablet or pc. “We will hand-hold our members through the entire process of setup and in addition even do data entry for them,” she said.
Finally, Sam’s legal offering targets the 70 percent of small-businesses owners that avoid legal services altogether — primarily because of high costs and insufficient expertise, according to Ohm. Services provided includes: incorporation, idea protection, draft documenting, estate planning, wills and more. “Members can conserve to twenty five percent off all LegalZoom products,” she said.
Established roughly 32 years back by Sam Walton, an entrepreneurial icon in his own right, Sam’s was founded to serve like-minded businesses owners, Brewer said. Other services the retailer offers business members include payment processing, inventory tracking, travel deals and exclusive shopping hours.
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