Nimbus eCommerce Television
A Quick Guide to Operating Profit Margin
From Nimbus where we help online sellers save money and boost profits so their business is recession proof today I will continue talking about profit margins and the subject for today is the guide to operating profit margin when running an e-commerce business you need to keep a close eye on profits but profit isn't a one-size-size fits all term. There are several different profit margins you need to know about including operating profit margins. I will be talking about today but what is your operating profit margin and how does it differ from gross and net profit your operating profit margin. Is a measure of your business's profitability it tells you how much profit your business...
Net Profit: A Need-to-Know Guide for Ecommerce
Online sellers save money and boost their profits so they are Recession Proof today. I will continue the series about profit margins and the topic for today is net profit I need to know guide for online sellers. If you are running an eCommerce business then you need to understand net profit margin in fact this metric is one of the most important indicators of your business is Financial Health. In this quick tutorial I will explain what net profit margin is how to calculate it and various factors that affect it. So let's start what is net profit margin first of all put it simply net profit is the amount of Revenue that a company keeps after all of its expenses and taxes have been accounted for it is called in another way at bottom line the net profit margin is the percentage of Revenue...
How Your Ecommerce Business Can Reach a Global Audience
Anita here from Nimbus where we help online sellers save money and boost profits so their business is recession-proof. Today i will talk about how your eCommerce business can reach a global audience, if you are looking to expand your online business into new markets you are not alone many online businesses are realizing 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 business into new markets such as cultural differences, language barriers, different marketing strategies. In this tutorial i will discuss six strategies that you can use to enable your online business to reach a global audience. ...
How to Manage Cash Flow During Uncertain Times
Anita here from Nimbus eCommerce in today's tutorial I would like to talk about how to manage cash flow during uncertain times. The pandemic the most recent pandemic has caused widespread panic and the current 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 e-commerce business owners take charge of their cash flow. Now cash flow is the lifeblood of any business when cash flow is positive the business thrives, when it is negative for a prolonged period of time the business struggles or may even fail in this inserting geopolitical climate.
How To Boost Your Ecommerce Profits By At Least 30%
Good morning everybody how are you today and welcome to this unique master class about how to boost your eCommerce profits by at least 30 percent. I'm really glad you have joined and I hope you will enjoy this session and find it valuable. The purpose of this master class is to give you clarity on how to move forward with maximizing profits in your business. I can promise that at the end of the session you will walk away with a complete step-by-step plan to transform your eCommerce business so let's dive in...
Guide to Gross Profit Margin
Today welcome back to my live tutorials so this week I will be focusing on profit margins in eCommerce businesses and the first one the topic for today is the guide to gross profit margin, how to calculate it and why it matters if you are running an eCommerce business it is important to understand what gross profit margin is and how to calculate it this figure tells you how much money your business is making after accounting for the cost of goods sold it's essential to track this number over time in order to make sure your eCommerce business is profitable in this tutorial today I will discuss what gross profit margin is why it matters and how to calculate it. First things first what is gross profit gross profit is the difference between your revenue sales turnover and the cost of sales also called cost of goods sold ...
7 Benefits of Coworking Spaces for Online Businesses
In today's video i'd like to tell you more about seven benefits of co-working spaces for online businesses co-working spaces are becoming more and more popular as the number of remote workers continues to grow however what many people don't realize is that co-working spaces offer a lot of benefits for entire online businesses. It's take a look at seven reasons why online businesses should consider co-working the first reason number one is better value for money co-working spaces often represent better value for money than renting your own shared office or businesses that can function remotely for a large portion of the time in addition to this co-working spaces offer amenities like printing and meeting rooms that are not included in many...
Bank Reconciliation
Anita here from nimbus e-commerce where we help e-commerce sellers increase their profits to take home more money today i will be talking about bank reconciliations what are they and why do they matter if you are an e-commerce business owner then you know that keeping your finances in order is of utmost importance. One important task in financial management is reconciling your bank transactions but what are bank reconciliations and why do they matter in the first place let's get into it bank reconciliation is the process of comparing your company's bank statements with your own records of transactions. This is done to ensure that all transactions are accounted for and to identify any discrepancies that may be due to several reasons why does bank reconciliation matter in the first place there are a few reasons why they matter...
How to Cut cost for ecommerce business: Strategies That Will Save You Money
Anita here from Nimbus eCommerce and today I'd like to tell you about how to cut costs for your ecommerce business strategy. Strategies that will save you money. the cost of living is raising 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 can maximize your profit margins. So let's dive into some cost cutting strategies that will help you save money and boost your profits. ...
7 Ways the Cloud Can Drive Ecommerce Business Growth
Hi everyone today I'm going to talk about seven ways the cloud can drive eCommerce business growth and how to benefit from moving your data and applications online the cloud is becoming an increasingly important part of all business operations in particular it is extremely beneficial for e-commerce businesses by moving your data and applications online
5 Big Profit Draining Mistakes #4. Bad Inventory Management
Anita here from Nimbus eCommerce, where we help online sellers transform the accounting and maximize profits in their business let me know in the comments down below. I will be continuing talking about one of the five big profit training mistakes that e-commerce businesses make today this the topic is the mistake number four but inventory management running an ecommerce business means that you buy and sell large quantities of goods and understanding inventory management is really essential to your business and it is the key to your success if your inventory...
Mistake e commerce business make
The summer break I hope you have enjoyed your holiday or perhaps you are still looking forward to it. Anita here from Nimbus e-Commerce where we help shopify and amazon sellers transform the accounting and maximize their profits before the summer break I talked about the big profit training mistakes that e-commerce businesses make and today I'm going to continue with the series, the topic for this session is the mistake number five wasting time by failing to outsource one of the most common mistakes e-commerce business owners make...
4 Bad Online Sellers’ Habits to Break Today
Today Im going to talk about four bad online sellers habit which you can break today, running a business can be tough especially when you are operating an e-commerce space. There are so many things to think about and it can be easy to get into bad habits or resort to short-sighted measures in order to earn or save a quick buck the big habit number one is the pricing camp especially when you first start selling online it is tempting to offer discounts and deals left right and center in order to win over new customers however....
5 Big Profit Draining Mistakes #1 Poor Cash Flow Management
My name is Anita I run a digital practice helping savvy e-commerce sellers transform the accounting and maximize profits in their business so they are free and can enjoy life today I'm going to continue talking about the one of the five big profit training mistakes that e-commerce businesses make time and time again this mistake number one is poor cash flow management...
How to Ensure that Your Online Business is Scalable
Hi everyone today i am talking about how to ensure that your online business is scalable no online business wants to stay small forever however in order to grow you need to ensure that your company is scalable in short scalable means being able to handle an increase in traffic customers or sales without a negative impact on your operations
5 Big Profit Draining Mistakes #2 Focusing on Turnover Not Profit
I'm going to continue talking about one of the five big profit training mistakes that eCommerce businesses make time and time again.
5 Big Profit Draining Mistakes eCommerce Businesses Make
I'm going to talk about five big profit training mistakes that e-commerce businesses make time and time again there are many reasons to love running your e-commerce business more freedom better work-life balance and total control however there is no denying that money matters a lot too
The Top 5 Mistakes Remote Leaders Make And How to Avoid Them
Hi everyone today I'm going to talk about the top five mistakes remote leaders make and how to avoid them do you lead a remote team if so you know that there are unique challenges and opportunities associated with leading people who are not located in the same physical space
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