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3 Methods to Calculate Inventory Valuation
Inventory, also called ‘stock, refers to the complete list of goods and materials that a business holds for future resale or production purposes. Businesses regularly take account of leftover inventory after an accounting period to assign a monetary value to a company’s stock on and determine the profitability of a business. But you may be…
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How Does Inventory Affect Cash Flow: Stock Management Tips
When running a small business,one might wonder, how does inventory affect cash flow? Understanding this relationship is vital for effective stock management and financial health. A few concepts can help you improve your stock management, review the cost of goods, and upgrade the cash flow. How does inventory affect cash flow? There are two primary…
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What Is Vendor Compliance and Why Is It Important for Retailers?
The bigger the retail industry becomes, the more complex regulations arise. Specifically, more retailers are now developing and deploying vendor compliance programs for their suppliers to manage the business on pre-determined conditions. While this makes retail companies more secure, it poses an additional challenge for shippers and vendors to meet the terms of the partnership.…
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Small Business Shipping Tips You Should Know
Small business owners are incredible multitaskers. In most cases, they are extremely involved in every small process that runs within a company. Learning every intricacy at every stage is complicated. One of the largest parts of the small business working process is shipping. Whether it’s shipping materials from suppliers, getting products for retail, or shipping…
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Everything You Need to Know About Cross-Border eCommerce Shipping
Over the last few years, the e-commerce sector in the U.S. and globally has experienced significant growth. Overall, global e-commerce sales are estimated to reach $1 trillion in 2020. With more customers shifting from physical shopping trips to online purchasing, there are plenty of opportunities for both small businesses
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Efficient Supply Chain Management Tips
Supply chain management is an essential part of the business. Even if you are a small business owner, taking care of your supply chain is key to efficiency and profitability. No matter the complexity of your supply chain, it can still be a challenge to manage it. However, there are a few cornerstone aspects that…
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How To Improve Your Customer Experience for Shipping
By understanding the power of shipping, businesses can use it to their advantage and improve the overall customer experience.
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Attain Better Inventory Accuracy to Improve Order Fulfillment
Learn & review your warehousing operations to attain better inventory accuracy and improve order fulfillment.
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A Guide to Optimizing Your Inbound Freight Management
Inbound freight refers to the delivery of raw materials and goods into a business. So how do you optimize inbound freight management?
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Marketing Small Business Tips: 6 Tips to Improve Your Small Business
A small business that refuses to improve will, sooner or later, become obsolete. This article shares six improvement tips to help you run a successful business.
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3PL vs 4PL: Which One Is Best for Your Business
As demand for faster and more reliable shipping grows, more companies are forced to look for the best ways to get their goods delivered to their destinations in the most efficient ways possible.
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Marketing Strategies for Small Businesses: 6 Steps to Building the Perfect Marketing Strategy
There is no business without marketing. Every company, irrespective of its size, must market its products or services to attract customers or face closing down. Over the years, marketing strategies have evolved with the times, the advent of technology, and changes in consumer behavior. Although the traditional methods are still effective, modern techniques feature more…
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Brand Values: How to Increase Your Customer Loyalty
Standing out from the crowd among millions of ecommerce businesses in the US requires you to connect with your audience on an emotional level. And what better way to do this than to define your core brand values and communicate them boldly? What are Brand Values? Brand values are foundational principles on which a business…
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5 Logistics Trends to Watch for in 2023
The logistics industry constantly evolves to meet the ever-changing demands of today’s global economy. With the hurdles of 2022 behind us, here are logistics trends 2023 you can expect in the coming year. Environmental Regulations The United States Environmental Protection Agency (EPA) set some regulations to control the greenhouse emissions of commercial trucks. Although these…
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5 E-Commerce Business Promo Ideas That Will Effectively Boost Your Sales
Nothing excites e-commerce business owners more than getting reports or updates about more sales. Hence, you will agree that sale is the heart of your business. Similar to how the heart pumps blood to every part of your body, sales pump revenue throughout different aspects of your business. That said, without buyers, you cannot make sales…
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4 Ways to Increase Your Prices Without Losing Customers
Running a business means making tough decisions like creating the company budget or raising prices for your services. This can be no issue for companies that have dominated their market. They can practically raise their prices almost any time and few people will complain. But the same can’t be said about smaller businesses like yours. Price changes…
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Demystifying Small Business Shipping
It doesn’t matter if you’re just starting your small business or scaling things up. You 100% need a shipping solution for your small business to satisfy your customers. Otherwise, how do you expect people to try out your products and offerings? We understand the plight of small business owners. You’re already handling everything from product…
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Buy Now, Pay Later Financing
Why Small Businesses Should Consider Offering it? The concept of buy now, pay later financing plans is nothing new. Businesses selling items like furniture, cars, and electronics have long allowed customers to pay off major purchases in installments. Today, Buy Now, Pay Later (BNPL) financing offers a more flexible and budget-friendly approach to online and…
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How Small Businesses Fight Inflation
According to the US Bureau of Labor Statistics, the annual inflation rate in the country hit 9.1% in June 2022, putting inflation at a four-decade high. This unprecedented inflation level has severely affected the operations of small businesses, who are employing several strategies to fight back and keep their heads above water. The negative impacts…
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How To Increase Brand Awareness Among Your Customers
In the fast-growing world of eCommerce, staying competitive becomes a real challenge. With a massive variety of online items, online shoppers seek a personalized experience with quality products catching their eye. Thus, you can make your goods outstanding by improving brand awareness.
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Breaking Down the Borders: How to Expand Your Business into International Markets
Explore the basics of selling to international markets and how to incorporate necessary measures into your business model.
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How to Implement a Returns Management Solution For Your Ecommerce Business
Research shows that 25% of customers return between 5% and 15% of items they purchase online. A returns management solution helps you handle the returned items effectively to satisfy your ecommerce customers without hurting your profit margin. Why managing returns is important for ecommerce Returns management, also known as reverse logistics, refers to how a business…
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Identifying and Understanding Your Audience
Understanding your audience is key to creating a successful marketing plan for your small business. To formulate a marketing campaign that attracts your target audience, you must tailor your message to their needs. Here’s how you can identify and get familiar with your audience.
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How to Create an Efficient Order Fulfillment Strategy
Efficient order fulfillment is an indispensable piece in the customer satisfaction puzzle. It can make all the difference between a thriving business and one struggling to keep its head above water. What is order fulfillment? Order fulfillment is the backbone of the modern e-commerce enterprise. It refers to the steps a business takes in responding…
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How to Perfect Your Customer Experience
A recent survey by SuperOffice found that 86% of customers are willing to pay a higher price just for a better experience. Undoubtedly, customer experience is key to the success and growth of every business. Why customer experience matters Every day, potential customers are exposed to numerous adverts from various companies. All of which appear…
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5 Ways to Increase Your Average Order Value (AOV)
Average order value, or AOV for short, has become an important factor in how businesses strategize for growth. In fact, increasing your average order value often supports or even leads to business growth. Today, we’ll be exploring what average order value really is, as well as 5 ways you can increase your average order value.…
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Shopping Cart Abandonment: What is it, and how can You Avoid it?
If you’re an online business owner, we have news for you. You’re losing money. You lose money every day on potential sales orders–and there’s data to prove it. According to recent research by Baymard Institute, an average of 69.82% of online shopping carts are abandoned. This issue, known as shopping cart abandonment, is one of the…
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How to Get Your Product Sold in Retail Stores
Transitioning from e-commerce into retail is a huge step for any business. Retail stores expand your product’s geographical reach, increasing sales tremendously and creating opportunities for more growth. While the idea of getting your product into retail stores does seem very appealing, the process of achieving it is not exactly a walk in the park.…
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Small Business Sustainability Improvements
In business, sustainability refers to conducting activities in a manner that leaves little to no environmental impact. As a small business owner, improving your brand’s sustainability holds incredible benefits for the environment and your bottom line. Customers Want to Purchase from Sustainable Companies More than ever, customers are looking to shop with sustainable businesses. A…
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How Fuel Prices Impact Your Small Business
Fuel is one of the major driving forces in the economy. So a price change will cause economic ripple effects far from the gas pump. Businesses of all sizes require fuel and are, therefore, affected by an increase or decrease in price. A change in fuel prices affects the operating capital of businesses. Especially those…
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Best Apps for Small Business Owners
As a business owner, you are likely always looking for better ways to streamline your daily operations to boost efficiency and customer satisfaction. Thanks to digitalization, we now have a plethora of small business management apps to help automate some of your fundamental day-to-day activities. Types of Apps for Small Businesses Utilizing apps in your…
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How to Grow Your Online Sales: Tips for Business Owners
It’s impossible to imagine a profitable retail business without growing your eCommerce sales. In the massive online shopping era, every business owner looks for reliable ways to popularize their products through digital channels. eCommerce challenges As a business owner, you have probably faced floating sales and tried to stabilize them. It’s often hard to highlight…
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Small Business Pain Points Social Media
No matter the industry, your business should be using social media to connect with your audience. Promoting your products on social media is a cost effective strategy to reach a large audience and gain credibility. With a strong online presence, your business can reach new levels!
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5 Hidden Costs of Running a Small Business
As a business owner, you probably understand the typical costs of running a business such as inventory and salaries, but there is so much more to understand. There are many hidden costs when running a business to identify so you can grow your business
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What Are the Effects of Inflation on Small Businesses?
The rise in inflation is hurting every one, but especially business owners. If you’ve seen a surge in prices for products such as groceries, energy commodities, and vehicles, you are not alone. Partnering with a reliable logistics company can help offset some of these costs
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Small Business Resources: Launch Your Business with SBA
The U.S. Small Business Association is an organization dedicated to helping people build and run a successful small business. From loan agreements, consultants, contractors, and more, the SBA is a great tool to access as a small business owner.
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Save 5 Hours a Week with these Tips for Small Business Owners
If you feel overworked when running your small business, you are not alone. Thankfully, there are some helpful habits you can put into place to save time and increase productivity.
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Feeling Overwhelmed? Is It Time to Hire Your First Employee?
If you are feeling overwhelmed as a small business owner, it may be time to get help. Hiring full-time, part-time, and one-off employees as well as investing in logistical services can relieve your stress and help your business run smoothly.
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Small Business Resources | 4 Types to Consider
Businesses need to build strategies to manage and balance available resources to achieve an objective. Business resources are considered valuable if it ensures a better customer experience compared to competitors. Availability, depreciation, and appropriability also make resources more valuable for a business.
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How to Improve Your Customer Support: Tips for Business Owners
Small business owners and Retailers put a lot of time and effort into building loyal customer relationships. Why is customer service important? Customer support service is a two-sided interaction between the buyer and the seller over the promoted product. If treated seriously, it can transform your business and make it work in the future. Let…
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Small Business Shipping Trends in 2022
Ever since the coronavirus pandemic hit in 2020, consumers worldwide have relied on e-commerce as the safest and most convenient way to get their products
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How to Start a Small Business: A Guide for Beginners
With enough planning and market research to back you up, you can develop a promising business structure for your brand. With the rise of e-commerce amidst the coronavirus pandemic, it’s critical for business owners to find an efficient and reliable shipping strategy.
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How to Build Strong Business Relationships with a Supplier
Every business person knows how critical it is to work with reliable partners. It primarily refers to suppliers representing the core of the retail supply chain. An advanced approach and effective business communication will make you preferable to well-grounded vendors. Why are shipper/supplier relationships important? Business successes and increased sales in the retail industry are…
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How to Optimize Order Fulfillment to Avoid Overstocking and Understocking
Overstocking and understocking are common outcomes when retail businesses try to predict market demand and forecast the customers’ purchasing trends. However, modern supply chain and logistics offer a number of effective solutions to help you meet your buyers’ needs and avoid these challenges.
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5 Shipping Terms Every Small Business Owner Should Know
Freight shipping is overwhelming for any business owner. However, if you want to find the best shipping strategy that will work for you and your customers, it’s critical to understand how the process works.
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7 Best Small Business Logistics Practices
Running a small business can be tricky, especially when you have to handle logistics on your own. So, today, we’re covering the best practices for small business logistics!
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How to Choose the Right Shipping Solutions for Your Business?
Read on to find out more about shipping solutions and the best small business shipping services!
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What Is Backorder In Freight Shipping and Retail?
Generating backorders is an indicator that orders (demand) are far beyond what the store expected. But do stores really allow this to happen?
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5 Considerations in Choosing an Online Shipping Company
Whether you’re a small business owner or an individual shipper, choosing the best online shipping company for small business or online store can be tricky.
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How to Choose the Best Freight Shipping Provider
The smooth delivery of your products is the first way to build trust and customer satisfaction. When running a business, you must find an affordable, reliable, fast, and secure way for your items to reach your customers. What are some of the factors to look for in the best shipping provider? In this article, let’s…
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What Do You Need to Get Started With Dropshipping Business?
Have you always wanted to start an eCommerce business? Many businesses have failed to come to fruition due to insufficient capital and difficulties in dealing with warehouses, inventory, and shipping. Fortunately, there’s a more convenient and attainable alternative – dropshipping. Find out if dropshipping is the right choice for you! What is Dropshipping? – Dropshipping is…
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Best eCommerce Shipping Strategies for Small Business
Just as important as developing your products and tweaking your online store, establishing a clear eCommerce shipping strategy is a critical step to jumpstart a growing business. What is eCommerce shipping? – eCommerce shipping is more than fast delivery and free shipping. It encompasses all the services from marketing your product down to delivery and…
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How to Build A Strong Local Supply Chain: Top Practices
Supply chains in the US have been widely stretched around the globe for decades. Outsourcing and offshoring manufacturing has been a gold standard in the industry until 2020. Then, the pandemic happened, accompanied by many other economic and political factors like the US-China trade war and Brexit. Considering these factors, the time has come to shorten the supply chains. Many retailers and businesses in the US are trying to develop a better local…
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5 Freight Shipping Tips for a Fast & Efficient Process
The world is extremely globalized and interconnected today, as are supply chains. A tremendous number of companies rely on outsourcing and offshoring suppliers, whether it’s manufacturing or retail business. Offshore locations are often utilized because of the massive price gap compared to American or European suppliers and manufacturers. However, the global pandemic made enterprises rethink…
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Manufacturing and Shipping: Overcoming Roadblocks to Success
Reportedly, more than 60% of manufacturers were affected by the coronavirus pandemic and its consequences. There is a lot of news on retail, but not much information about other key links in the supply chains, like manufacturers. While this is a very broad category to define, you typically see small businesses involved in manufacturing who…
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Small Business Shipping: How to Choose the Best Strategy
A shipping strategy is not as high of a priority for small business owners as it should be. However, you will rethink everything whenever it starts hindering your sales flow and affecting customer retention. Shipping is a connecting link between a merchant and the customer, and what arrives on the customer’s end is extremely important.…
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How To Choose a Moving Company: Helpful Tips
Moving to a new place can feel overwhelming. Having to plan many operations, people often overlook the process of choosing a suitable moving company. However, a reliable moving company can ensure the effectiveness and safety of your delivery.
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Main Shipping Principles for Small Business Owners
Many companies overlook the importance of quality shipping services. However, transportation can significantly affect your customers’ experience and impact revenue. Besides your customers’ satisfaction, convenient shipping can benefit your business in many ways.
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Online Shipping Benefits: 3 Tips Everyone Should Know About
With their improved visibility, online shipping platforms will help you organize the delivery fast and easy.
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Online Shipping Platform: Tips and Tricks on using GoShip
Shipping freight can be a daunting task. There are uncertainties ranging from understanding types of packages to the logistics of delivery. GoShip makes shipping easy by connecting people and carriers with extra truck space. To avoid unnecessary worry, costs, an inconvenience, we’ve developed a list of 4 tips on how to ship.