Tag: Tips and Tricks

2020 Taxes – What You Need to Know

Normally the US tax deadline would be nearly upon us. However, the IRS issued some rare good news this year: the 2020 tax deadline has been extended to 5/17/21!** So if you haven’t already filed your small business taxes for 2020 there’s still time. We’re providing you some more last minute reminders and tips to […]

The 3 Habits That Will Save Your Business

We’re finally well into the swing of the new year (good riddance 2020)! New year means new habits that will help you keep your business on track for the next ten months. Calling Out an SOS There are three basic habits that we’ll cover that can help save your business when put into practice the […]

Q4: The Perfect Time to Put Parkinson’s Law to Work for You

You’ve heard me talk before about Parkinson’s Law. It was developed in the 1950’s by Cyril Northcote Parkinson, and can be simply stated that the amount of work required adjusts (usually increases) to the time available for its completion. This is applied to our resource of time. However, the law can be applied to all […]

Q4 Storage Limits, Common Errors, & How to Correct Them

Amazon recently sent out an email about the storage limits for Q4, so in case you missed it, we thought we would go over the finer points here. But more importantly, we’ll cover what you can do when you encounter these restrictions when trying to list items through InventoryLab.  The storage limits were bound to […]

5 Fab IL Features

One of the things InventoryLab prides itself on is being a feature-rich service for Amazon sellers. If you’re new to InventoryLab or have never used it, there are some great tools you might not be familiar with. This week we’ll take a look at five fab features that IL offers to help keep your business […]

Juggling Remote Work and Remote Learning

It’s hard to believe, but school is already back in session in some states and just around the corner in many others. But this year, back to school looks VERY different due to COVID. While some school districts are allowing students to attend in person full time, the majority are using remote learning or hybrid […]

Inside Online Arbitrage

Ever since the pandemic has changed the way we live and work, small business owners have been looking for innovative solutions to stay profitable. Many Amazon sellers have always sourced their inventory using retail arbitrage in brick and mortar stores. If you’ve never sourced online or want to know more about it, you’re in the […]

4 Best Practice Tips for Tracking Ecommerce Inventory

Tracking inventory is never easy, and with Amazon changing the rules recently, let’s take a minute to ensure we understand how inventory should be recorded in your books. We’ll start quite simply with the definition of inventory. From an accounting perspective, it is an asset and will show up on your balance sheet, just like […]