Ecommerce Sellers Need to Know–Preparing 1099s Can Be Easy!
Are you preparing for the upcoming tax season? At bookskeep, we are looking ahead and planning throughout the year to make certain our clients have the reports they need as they prepare for tax time when January rolls around. There are many tasks involved in these preparations. One of them is issuing 1099s. Bookskeep has […]
Why Gross Margin is the Bottom Line for Ecommerce Sellers
In real estate we often hear the top three things that matter most are Location, Location, Location. For ecommerce sellers our mantra should be Margin, Margin, Margin! Gross Margin or Gross Profit is a number every seller should know. I hear a lot of talk about ROI, and that is important as you make sourcing […]
PPP Loan Forgiveness—The Latest Ecommerce Update
It’s been a few months since we talked about the Paycheck Protection Program (PPP) loans that many of you received earlier in the year. We have been monitoring the guidance issued by the Treasury Department and the Small Business Administration (SBA) and trying to keep tabs on the “talk” that Congress may offer loan forgiveness […]
Amazon ACoS: Understanding Your True Advertising Costs
One of the biggest concerns sellers have when it comes to Amazon PPC is their Advertising Cost of Sale (ACoS). ACoS is by far the most popular metric used to measure the performance of Amazon advertising campaigns. ACoS is that fickle percentage many sellers rely on to help them determine how they should bid on […]
How Did Your Ecommerce Business Fair on Amazon Prime Day?
Amazon Prime Day wrapped up last week and the reports I saw were somewhat mixed. Some reported their results as “meh,” “decent” and “only a 30% increase.” Was it the same for you? The settlement deposit will be coming soon and I’m wondering, “What will you do with that bump in sales?” What to Do […]
Debt Can Be a Good Thing for Your Ecommerce Business?
While I generally advise many of our clients against the use of debt in their business, it can have its place, if it’s being used as a tool and is managed responsibly. There are good reasons to have debt, such as loans. Here’s how I differentiate between the good and the bad (to avoid the […]
Profitability: Educating Ecommerce Sellers
Educate, Educating, Education. These words are sure to evoke some response, especially if you’re doing school from home during the COVID lockdown. For me, these words bring back memories of my grandfather. He always said, “Get your education; no one can take that away from you.” I worked in a corporate job and went to […]