For any ecommerce business, understanding its performance is crucial for growth and sustainability. While Gross Margin remains a fundamental metric, there are several others worth delving into. Let's explore three key KPIs, how to calculate them, what insights they offer, and the benchmarks to aim for. Inventory Days Inventory Days assess how efficiently you convert [...]
Now that the hustle and bustle of Q4 and tax season is starting to slow down, it’s a great time to start thinking about how much padding you have in your cash reserve cushion. It’s never too late to add some extra stuffing, so let’s talk about how you can build your cushion up this [...]
Just like last year, prices are still continuing to rise to crazy prices, and yet we still have to somehow save to pay that tax bill coming up, on top of gas and groceries. If you’re not prepared, it can get a little scary. So, are your accounts ready? Profit First Prep Profit First can [...]
In the beginning of ecommerce, success was all about marketing and advertising to make a sale. However, over the years ecommerce business owners began to focus on operations as they saw colleagues exit with high multiples because of the high level of aggregator buying activity. Top line revenue got moved to the back burner to [...]
In the ever-changing landscape of ecommerce, businesses continually fight with new challenges. Now that we’re at the beginning of a new year, we’re coming off a seasonal sales surge. According to Adobe's predictions, online spending was expected to grow by 4.8% last holiday season, reaching an astonishing $221.8 billion. This forecast marks a significant jump [...]
In the fast-paced world of ecommerce, managing inventory efficiently is crucial for the success of any online seller. That's where SoStocked, an innovative inventory management software, comes into play. SoStocked is a powerful tool designed by an Amazon Seller to streamline inventory management for Amazon sellers, making it easier than ever to stay on top [...]
Happy 2024! 2023 brought us all plenty of challenges, but we made it. This time of year always gets me thinking about a conversation I had once with Beth Fynbo, the visionary behind Busy Baby, LLC, and her thoughts always resonate with me when thinking about the upcoming year. With her remarkable journey of taking [...]
As we embark on a new year, it's a perfect time to contemplate how we can strengthen our businesses and ensure they flourish in the months ahead. One common strategy that often surfaces is the idea of reinvesting profits. While it seems like a logical approach, there's a fresh perspective worth exploring. Particularly when your [...]
Although it may seem like the end of the year is too busy to fit another thing on your list, it's actually the best time to tackle the challenges of tax season. For ecommerce business owners, tax season can be particularly stressful. However, starting early and breaking your list down into our 5 simple steps [...]
As the year 2023 comes to a close, entrepreneurs like you may be contemplating what you want to achieve in 2024. Whether it's increased profits, more quality time with family, higher sales figures, or learning new skills, setting meaningful resolutions can help you make lasting changes. Here are 6 steps to ensure your resolutions stick [...]
