eBay is not a new entrant to the e-commerce realm, with roots tying back to 1995 when operations began as an automotive marketplace. Today, eBay is one of the top platforms that e-commerce sellers gravitate towards because of increasing customer demand and user-friendliness. Many eBay sellers get so caught up in driving sales and maintaining…
Amazon has significantly reduced, if not eliminated, the barriers to entering the e-commerce realm as a seller. The global giant reported $469 billion in revenue, with 22% of that revenue being driven by third-party sellers. From handling inventory storage and customer service to facilitating returns and shipping items, Amazon makes being a seller seem simple.…
As consumers find new ways to fill their time, agency businesses are in high demand, especially those centered around e-commerce. Your agency business, regardless of industry focus, needs to implement the proper agency accounting procedures to navigate through the complex business environment. Sales tax, revenue recognition, and tax planning are the three pillars of agency…
Shopify has continued to gain popularity amongst the e-commerce community, with statistics supporting a 200% growth from 2020. This platform maintains its popularity because of the added ease of running and scaling an e-commerce business. Although Shopify can be a great platform to host your e-commerce operations, the duty falls on you as a business…
There’s often a tradeoff between time and accuracy. Sure, you could create a product description in 20 minutes, but how accurate will that listing be? Typos and errors are common when certain tasks are rushed. The same applies to bookkeeping and software. eCommerce sellers should understand the differences between bookkeeping and software to take advantage…
Businesses centered on eCommerce are in high demand. As the revenue starts to flow in, be aware of your accounting records. You don’t want to get stuck with a high tax bill at the end of the year because you neglected to take tax-deductible expenses. The next time you are going through your bookkeeping or…
Taxes. Nobody wants to do them, but at the end of the day, everybody and every company are obligated to assess whether they owe taxes. Most people are uncertain as to how to tax plan in general. For example, 90% of people in this survey did not even know how many tax brackets there are. If…
Are you one of the many business owners that struggle to keep up with your business’s bookkeeping and financials? Regular financial statement generation and bookkeeping provide your business with a strong foundation to make informed business decisions, secure funding, and grow operations. One of the most important financial statements that business owners should regularly generate…
A common goal for most eCommerce business owners and dropshippers is to transform their online store into a distinct, recognizable brand. But, sadly, there’s one huge problem that high-volume sellers encounter over and over: and it’s dealing with the stereotypical hardships of working with standard Chinese sourcing agents. Thankfully, there are 3 hard-to-find yet…
Setting up an e-commerce store can be tricky if you don’t know which metrics to focus on. Most online merchants concentrate too much on driving traffic to their website by investing in social media ads, influencer campaigns, and SEO. However, the real challenge in running an e-commerce store is identifying how many customers complete the…