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The differences between business partners and vendors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business partner has an average salary of $96,324, which is higher than the $52,533 average annual salary of a vendor.
The top three skills for a business partner include analytics, project management and customer service. The most important skills for a vendor are product knowledge, customer service, and stock merchandise.
| Business Partner | Vendor | |
| Yearly salary | $96,324 | $52,533 |
| Hourly rate | $46.31 | $25.26 |
| Growth rate | 10% | - |
| Number of jobs | 106,251 | 5,341 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 35% |
| Average age | 39 | 45 |
| Years of experience | 10 | - |
A business partner is an individual who is involved in a legal business partnership with other individuals to manage a business as co-owners. Business partners invest their money into the business, and each partner benefits from any profits and sustains part of any losses. They must file with the state in which they do business and are governed mostly by state laws. Business partners can also be either liable or not for the actions taken by the company.
A vendor's role is to sell goods and services to individuals, business entities, and stores. It is their responsibility to maintain the supply flow of products, coordinate with business partners, and maintain positive relationships with customers to strengthen the client base. As a vendor, it is vital to ensure that the products adhere to quality standards, monitor inventory, and implement deliveries to various stores. There are also instances where a vendor must advertise products on different platforms to improve brand awareness and boost sales.
Business partners and vendors have different pay scales, as shown below.
| Business Partner | Vendor | |
| Average salary | $96,324 | $52,533 |
| Salary range | Between $66,000 And $140,000 | Between $32,000 And $84,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | Washington | New York |
| Best paying company | ZS | DoorDash |
| Best paying industry | Technology | Manufacturing |
There are a few differences between a business partner and a vendor in terms of educational background:
| Business Partner | Vendor | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 35% |
| Most common major | Business | Business |
| Most common college | University of Georgia | - |
Here are the differences between business partners' and vendors' demographics:
| Business Partner | Vendor | |
| Average age | 39 | 45 |
| Gender ratio | Male, 56.2% Female, 43.8% | Male, 55.4% Female, 44.6% |
| Race ratio | Black or African American, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% | Black or African American, 9.1% Unknown, 6.3% Hispanic or Latino, 21.1% Asian, 5.9% White, 56.9% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 10% | 8% |