Six Strategies for Ecommerce: How to Sell Online Running an eCommerce business is hard, but fortunately there are a few strategies that will help make your life easier and allow you to focus on what\’s most important: selling products. In this article we\’ll look at six tips for running an eCommerce business and how they […]
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How to Cut Costs for Your ECommerce Business: Strategies That Will Save You Money The cost of living is rising rapidly across the globe, which makes doing business more expensive for everyone, including digital entrepreneurs. If you want to keep your eCommerce business afloat, you need to find ways to cut costs so that you
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https://www.youtube.com/watch?v=–k2ZCVDwaA How to Manage Cash Flow During Uncertain Times The pandemic has caused widespread panic and the war between Russia and Ukraine is throwing the world into further uncertainty. Both will have far-reaching consequences for years to come, which is why it’s vital that eCommerce business owners take charge of their cash flow now. Cash
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How to Manage Negative Cash Flow in Ecommerce The words “negative cash flow” certainly don’t sound like much of a cause for celebration and truthfully, they often aren’t. However, negative cash flow isn’t always a cause for concern, either, and even when it is, there are steps you can take to rectify the situation. What
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How Your Ecommerce Business Can Reach a Global Audience Are you looking to expand your eCommerce business into new markets? If so, you\’re not alone. Many online businesses are realising the benefits of reaching a global audience. However, doing so can be a daunting task. There are many things to consider when expanding your eCommerce
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Net Profit: A Need-to-Know Guide for Ecommerce If you\’re running an eCommerce business, then you need to understand net profit margin. In fact, this metric is one of the most important indicators of a company\’s financial health. In this quick guide, we\’ll explain what net profit margin is, how to calculate it and various factors
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Optimizing Cash Flow for Shopify Sellers with Nimbus eCommerce As a Shopify seller, optimizing your cash flow is crucial for the financial health and growth of your business. Managing inventory, monitoring sales, and ensuring timely payments can be challenging, but with the right tools and strategies, you can streamline your cash flow management. In this
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What Type of Accounting Method Should I Use for My Shopify Sales? When it comes to managing your Shopify sales, choosing the right accounting method is crucial for accurate financial reporting, compliance, and making informed business decisions. There are two primary accounting methods to consider: cash basis accounting and accrual basis accounting. In this blog
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The Consequences of Late or Incorrect Tax Filings for Your Online Business in the UK and Ireland As an online business owner, ensuring your tax filings are accurate and submitted on time is crucial for maintaining compliance and avoiding potential penalties. Failing to meet tax obligations can have serious consequences, both financially and legally. In
6 Signs That It’s Time to Outsource Your Accounting Hey there, fellow eCommerce rockstars! If you\’re an Amazon or Shopify seller trading online internationally, you already know the excitement and challenges that come with running a successful online business. As an experienced accountant specializing in Xero cloud accounting, I\’m here to share some practical insights
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