by Wayne Richard | 10 Aug, 2020 | Ecommerce
Did you know that about 50% of Amazon’s total revenue in 2019 came from third-party sellers? With the number of new sellers entering into the marketplace year over year, competition is fierce. You need any edge to be able to stand out and claim your share...
by Wayne Richard | 21 Jul, 2020 | Bookkeeping/Finance, Business Strategy, Ecommerce
The biggest difference between fast-growing eCommerce businesses who are able to sustain that momentum for a long time, and those that fizzle out is financial literacy. The eCommerce entrepreneurs who build systems to ensure that they always know their numbers can...
by Wayne Richard | 9 Jul, 2020 | Ecommerce, Stimulus |
Between the COVID-19 pandemic, a global recession, and the rise in murder hornets in the US, 2020 has been a crazy year. To think, we’re barely 7 months in. 😰We wanted to gauge how six and seven-figure eCommerce businesses were faring through it all. Here...
by Vanhishikha Bhargava | 23 Jun, 2020 | Ecommerce
This is a guest post from our friends at Expert Village Media. Your customer’s relationship with your brand plays a huge role in how much they spend on your Shopify Store. This metric is usually measured with CLTV, customer lifetime value. But so much...
by Wayne Richard | 19 Jun, 2020 | Ecommerce
As an eCommerce entrepreneur, you are juggling a ton of responsibilities from sales and marketing to customer service, operations, and managing key vendor and manufacturing relationships. Unfortunately, many make their jobs so much harder by not having a firm grasp of...
by Wayne Richard | 5 May, 2020 | Ecommerce
If the thought of filing taxes for your ecommerce business every year has you stressed out and worried that you are not going to have enough money to pay Uncle Sam, then you may need a better system. In this post, we’ll cover how you can use the Profit First...
