Category: Ecommerce

Temptation – Can I Borrow from My Own Accounts for Inventory?

Guest Post by Cyndi Thomason of bookskeep Recently, I was contacted by an ecommerce seller who had read my book and implemented Profit First. They wanted my opinion about using their Sales Tax and/or Profit Account for purchasing inventory in preparation for Q4. They pointed out that it is cheaper to use this money that […]

Working For InventoryLab FAQ

As with most employees of small companies, we get asked a lot of questions about what it’s like to work at InventoryLab. We thought it would be fun to share some of the most frequently asked questions we’ve gotten from friends, family, and customers alike. How do you work as a completely remote company? Isn’t […]

FBA Summer Road Trip!

We’re already halfway through summer, but it’s never too late to hit the road for some FBA sourcing adventures! Whether you only travel a couple of times a year, live the RV life full-time, or something in between, great sourcing opportunities are everywhere if you know where to look! How Do I Source From the […]

Making Social Media Work For Your eCommerce Business

With the invention of social media, how and where we do business has dramatically shifted. Before business owners could establish, promote, and advertise their business with the click of a few buttons, they had to rely on newspapers, television, mailings, and local signage to get the same exposure. As of early 2019, The Pew Research […]

Know Your Numbers: Gross Profit Margin

Guest Post by Cyndi Thomason of bookskeep As business owners, we often concentrate on our top line sales number. We use this number as a measuring stick of sorts for how well our business is doing; how successful we are. As a member of several seller Facebook groups, I see it is a point of […]

American Spending Habits

As we near the 243rd anniversary of America’s independence from Britain on July 4th, we thought it only made sense to look at the spending habits of Americans. Understanding where and how Americans are spending their money might help you see higher selling potential and profit! Who IS the American Consumer? To understand how Americans […]

My Books Say I’m Making Money, So Why Am I Always Short on Cash?

Summer is here, and you’ve finally gotten through the push for year-end and taxes, field trips and graduations, and spring flings and concerts. Summer is the time to slow down a bit and spend some time reflecting. How are you managing your business? Do you really have a handle on your numbers? Do you have […]

Checklist For New FBA Sellers

There are currently over 5 million sellers across all Amazon marketplaces worldwide, and you may already be one of them! But if you’re new to Amazon or just thinking about diving into the world of FBA selling, you may be asking yourself: how do I get started? We’re here to provide you with a checklist […]