5 Key Levers to Drive Profits—Identifying 1 and 2
In the third installment of the 4-part blog series on profitability I recently did for Teikametrics.com, I talk about the 5 key levers to driving profits for your business. Read on to learn about the first two identifiers. If you missed the first two blogs, check them out here!
Maximizing Profit is the Goal – Let’s Understand Why!
This week is the second installment of the 4-part blog series on maximizing profits that I recently did for Teikametrics.com. If you missed the first one, check it out here! I’m excited to be participating in a Teikametrics webinar on February 16th. The topic is “Advanced Accounting Tips to Grow Profits for Your Ecommerce Brand.” […]
Know the Profitability Levers and Grow Your Ecommerce Business
It’s been my pleasure recently to connect with the amazing folks at Teikametrics.com, a Marketplace Optimization Platform designed to optimize and grow your ecommerce businesses the smart and strategic way. So when they asked me to write a blog series for them on profitability, I was happy to oblige! The series is presented on their […]
How to Design Your Product for Profitability
Gross Margin is the one key metric that every business should monitor, even if they do nothing else. You need to understand if your Cost of Goods Sold and your Cost of Sales is less than your Total Sales by enough to fund your operation, pay yourself and your taxes and reward you as the […]
3 Things to Help Ecommerce Sellers Identify Real Profit
Now that another year is in the books, my hope is that your bank accounts are full as a result of great year-end sales and careful financial management. If you haven’t already, you will soon be preparing your records for your tax provider. As we send out year-end financial statements to our clients, we often […]
Could You Use More Profits in Your Ecommerce Business?
2020 is in the books! How did you do? With the new year just beginning, now is the perfect time to look at your P&L and Balance Sheet to check the health of your business. I also recommend that you run your Profit Assessment, as well. Even if you did this earlier in the year, […]
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 […]