On The Blog
Introduction
When online selling began, people could sell virtually anything they wanted to. You could buy brand-name products at low prices and resell them without needing proof of authenticity or manufacturer approval. Over time, major platforms like Amazon started imposing...
From March 6th Amazon will act as a platform to connect sellers with other lenders, rather than being a lender itself. Those seeking fresh capital to meet everyday opportunities and challenges will have to look for funding outside of Amazon. Make sure you do your homework before...
Everyone’s pondering the new Low-Inventory-Level Fee coming April 1st but no-one’s explaining how it works.
My first thought was “How will this affect seasonal products which I only hold for short periods?” And "Will Amazon penalise me for running out...
Selling on Amazon can be a profitable, but it's essential to manage your input costs effectively in order to maximise profits. One significant aspect to consider is the selling fees associated with Amazon's Fulfillment by Amazon (FBA) service.
And what do you know! Amazon has announced...
Delegating is like passing the baton, giving someone else a chance to complete a task.
Small business owners, in particular, find delegating a bit tricky, but it's a must-have skill for top-notch leaders. The gurus swear by it, saying that handing out tasks regularly can strengthen your...
Amazon is renowned for maintaining a high standard of business conduct, and tries to ensure that all sellers on its platform stick to established guidelines, in order to maintain customer satisfaction.
These guidelines, known as Amazon Seller Metrics, are mandatory for...
In the fast-paced and demanding world of Amazon selling, burnout has become an increasingly prevalent issue that affects sellers.
We all know that feeling! But how is burnout actually defined? (It’s been denoted as a medical condition by the way!)
Burnout is a state of chronic...
From squeezing scarce resources to hurting our bottom lines, returns have a huge impact on the operations and profits of Amazon sellers. What exactly are these impacts? And why is that many don't appreciate the full effect they have on our bottom lines?
The first issue is the ...
Standard Operating Procedures
Do you find yourself giving the same instructions repeatedly? Spend hours reviewing employee outputs? Are you hanging onto complex tasks and afraid to delegate them out?
Then SOPs will really help your business.
A standard operating procedure (SOP) is a set of...
Picture this: you go to sell your business and find out after pouring in many years of hard work, that your business is worthless.
It’s not that the business itself holds no value, but rather, YOU are the business.
Remove yourself from the equation, and the business loses its...
Deciding how much inventory to purchase is a constant challenge for Amazon sellers. A deal can look good one minute and tank the next leaving you overstocked. A product can take off suddenly leaving you scrambling to restock. And seasonal stock which is hot for just a moment must be timed...
Rome wasnt built in a day. So if you are setting out to systemise your business - dont feel like you need to do it overnight.
Indeed there are several distinct stages in the process of fully systemising your business.
Stage 1 – Start Up: usually 1 employee
During this first stage you...