While finishing my morning cup of coffee today I came across this article trying to make the case that Amazon is now facing serious competition and is in trouble in the ecommerce world. Since we are pretty heavily involved with Amazon seller bookkeeping and the ecommerce world in general, obviously this got my attention….
Being a small business owner comes with a lot of challenges, especially if you are new to being in business. One of those challenges is learning the terms that go with running a business which includes learning about accounting and bookkeeping. In this article we’re going to cover the concept of net income, which…
Nobody wants to see their dream go up in flames, but that’s precisely what can happen to small business owners who burn money on unnecessary expenses. In this article, we go over 5 big ways small businesses waste money so you can avoid making these costly mistakes. 1. Office Space We get it; having…
Trying to figure out how much an Amazon (or really, any ecommerce product launch) is going to cost can be difficult. But the launch cost isn’t really the whole story! I wanted to figure out how long it would take to make the money back invested in the launch plus the results of the ongoing…
This is a question we at CapForge get all the time and even when it isn’t asked we find ourselves addressing it with clients frequently because it could be saving them money if they switch. There is a lot of misinformation out there as well as simply misinformed or wrongly motivated advice on how…
If you’re apprehensive about spending money on Amazon ads because you fear they’ll be completely ineffective, we’ve got news for you: you should be. According to Commerce Signals, 40% of all media ad spend is wasted. It’s not that ads don’t work. It’s that ads are costly experiments if you don’t know what you’re…
Everybody knows that Amazon is the biggest ecommerce company in the world. That much is not news. However, not everyone knows just how big the company is in terms of its revenue, users, and total number of products listed. The figures are astonishing. Listed below are 30 statistics every Amazon seller should know, as…
So you’re tired of the 9-5 grind and you want to be your own boss. Welcome to the club of over 31 million American entrepreneurs! But before you make that leap, you should be prepared for the reality of entrepreneurship, because truth be told, it’s a lot different than what’s shown on TV. The…
It seems that every day now, you read about some 19-year-old college dropout who makes a six-figure income selling on Amazon. Or about some desperate housewife who saved her family from the brink of bankruptcy by selling random household items online. Stories like this make it sound easy, as if anyone can simply snap…
Did you know that poor inventory management is one of the top eight reasons why businesses fail? Furthermore, did you know that 43% of small businesses do not track their inventory or use a manual process? Statistically speaking, that’s a lot of small businesses that are doomed to fail. We don’t say this to…