One of the biggest decisions you’ll need to make as an e-commerce business owner is also the one that could make or break your financial freedom.
How you control and distribute the products you sell through your site is a critical choice you have to make during the outset of your business development. In this post, we’re going to find out if the dropshipping method can help you attain financial freedom, or if managing the ebb and flow of supply and demand would be better handled internally.
Managing a profitable e-commerce business is a process that requires strategy, resilience, and a fair bit of trial and error. The day-to-day logistics of your business could change dramatically in the first year, depending on how much you learn and how quickly you learn it. Making changes is scary but necessary—and the more you understand about your options, the fewer changes you’ll need to make.
For some creative e-commerce business owners such as artists, musicians, and carpenters— dropshipping doesn’t come into play. If you make the product you sell in house, you never need to consider wholesalers. However, if you create digital designs for your products but don’t manufacture them, a big decision will be how to cost-effectively manage the manufacture and shipping of your orders. Continue reading
Remove the hassle of e-commerce bookkeeping by integrating shipping and accounting
Today we’re thrilled to introduce Unify for ShippingEasy! This new offering will free online retailers from the hassle of bookkeeping for a multi-channel shipping operation by automating sales data and integrating it into their accounting solutions. Webgility’s industry-leading Unify software already makes it easy for sellers to build their business on any shopping cart or marketplace by connecting all revenue streams, expenses, and systems to have better perspective, make smarter decisions, lower costs, and simplify bookkeeping. Now, with Unify for ShippingEasy, e-commerce sellers can also vastly simplify shipping, even in their busiest seasons.
We think CEO of ShippingEasy Katie May put it best when she said, “Like ShippingEasy, Webgility is focused on streamlining e-commerce operations, and we are pleased to partner with them to take the accounting pain point out of shipping. Together, we will help online stores reach new levels of operational efficiency to help them increase profits.”
There are three main features of the new Unify for ShippingEasy:
- Accounting Sync: Unify for ShippingEasy allows businesses to achieve timely, accurate, and tax-compliant accounting. Stores can schedule and post all of their e-commerce sales and shipping information from ShippingEasy directly into QuickBooks or Xero. Users can choose to post individual sales or daily summaries while instantly closing the loop on their accounting activities by recording sales revenue, product costs, and shipping expenses within their accounting system for easy, complete reconciliation.
- Shipping Automation: Online stores can use Unify for ShippingEasy to consolidate orders from multiple sales channels, including all major marketplaces and platforms. This allows them to streamline workflows for accounting, order management, fulfillment, shipping, and inventory management, and enables instant cost comparisons between carriers based on type of product, weight, and geography.
- Multi-channel Selling: Unify for ShippingEasy helps companies easily increase their profits by having the opportunity to consider different marketplaces, sales channels, and platforms. The solution gives them confidence that their entire multi-channel business is seamlessly integrated with timely, accurate, and organized accounting. This unified perspective brings companies unprecedented control of their financial data and profit margins.
Why e-commerce businesses should opt for smart instead
In my 15 years of creating software for e-commerce businesses, I’ve seen the industry change a great deal. Lately, I view most e-commerce software falling into one of two distinct categories — sexy and unsexy. Inevitably, the flashy side of selling seduces transfixed business owners toward tools they must have to “attract” customers, such as beautiful websites, custom-fit applications, artificial intelligence, trending social media apps, marketing automation, and the like. Because owners are convinced they need all this customer-facing software in order to sell online, they put tremendous business resources toward the sexy.
But here’s the rub: The unsexy, “boring” side of the business is what owners actually use to run the company. In fact, without it, they are sure to fail. Among dozens of other important tasks, this is the software that allows them to Continue reading
A solid case for automation and the cloud, written by
When I poll accountants as to what they do all day they tell me that circa 80% of their day is spent “checking and processing” data. That’s a lot of time (revenue) checking and processing! However, technology exists today that commoditizes compliance.
The global Accounting profession has revenues of approximately $500 billion. It employs nearly 6 million people and more than 80% of the revenue is made up of tax, compliance, and audit services. The revenue is mainly historical-based “redundant data” services.
Why So Much Checking and Processing?
The reason there is so much checking and processing going on is that there are humans and inefficient systems involved. Humans at your client site using archaic systems like hard drive accounting systems, spreadsheets, paper, and scanned documents. The humans are not accountants so they make mistakes, like entering the wrong number in the wrong box.
Because of this, when the client information comes to you, the first thing you do is check it. And check it. And check it. And check it some more. Then you process it. And process it. And process it. I’m exhausted just thinking about all these inefficiencies!
Clean, graphical UI offers more insights, clearer calls to action than ever before
Today we unveiled a powerful new dashboard for our flagship product Unify, giving users more insights and clearer calls to action than ever before. This is the first of several product releases aimed at helping retailers like you easily take the next right steps for their e-commerce business. Unify is known to be the first e-commerce solution that connects and unifies all revenue streams and expenses so multi-channel businesses can have better perspective, make smarter decisions, and run all operations from a single view. And now it’s even easier to use.
Helping our customers conquer the challenges that come with being multi-channel and letting them run and scale their business exactly the way they want, Unify connects their financial data rather than forcing them to switch platforms. With this new dashboard, Unify users can access visualized data from across their entire company, showing quickly what is in sync and what is not across their sales channels and accounting. The Unify dashboard offers a clear call to action, suggesting next steps based on analytics and behavioral psychology insights gained from users’ past business decisions. For example, with one look, e-commerce leaders can tell if their sales and inventory levels are properly aligned, and—if they are not—receive a suggestion for how to correct the problem. Future iterations of the dashboard will propose more actions and provide additional recommendations.
By illuminating and explaining what needs to be done to move your business forward, the new Unify dashboard brings increased intelligence, engagement, and psychological motivation to e-commerce businesses. Unify is designed to gather all information to one place, and now we have taken the next step and making it easy for companies to quickly engage with and act on that data. As we reach the peak of the holiday season, this agility will be critical to our customers’ success.
The new Unify dashboard is now available to all current customers.