Dropshipping is a popular route to ecommerce entrepreneurship, allowing businesses to sell products directly to consumers without holding inventory. Technology and tools available in 2024 also allow stages of the dropshipping process to be automated. Automated dropshipping is an attractive way to operate a dropshipping business. It saves time, requires minimal investment, and allows you…
Under most state laws, consumers must pay sales tax on goods and services they purchase. Typically, a seller collects the local sales tax and remits it to state and local governments. But when an out-of-state retailer fails to collect sales tax, the burden shifts to consumers. They must calculate the amount owed on taxable items…
A common mistake business owners make is confusing cash flow with profits. Although cash flow and profit are related, they are not the same. Knowing what each means can give you a clearer insight into your company’s financial health. Cash flow vs. profit: What’s the difference? Cash flow refers to the money that flows in…
Disclaimer: These guides are for informational purposes online and do not constitute professional legal advice. See more below* Oklahoma has nearly 70,000 square miles of prairies, farmland, mountains, oak savannas, marshes, mesas, and forests. Historically, it’s known for its agricultural sector, and while the famous song named after the state by Rodgers and Hammerstein notes…
Choosing banking products might not be the most exciting part of launching an online business, but it’s a crucial decision that can impact your growth. Despite the importance of understanding how to manage business finances, many business owners overlook these products or judge them by the same criteria used for personal financial products. Taking the…
Running an online business has glamorous moments, but fulfillment isn’t typically one of them. However, it’s a critical part of selling online. Fulfillment is the strategy behind getting orders from your warehouse into your customers’ hands. You have two options for fulfillment: handling it yourself or outsourcing the process to a fulfillment service. Each approach…
Online wholesale marketplaces have democratized business-to-business ecommerce. Independent brands and smaller retailers can now benefit from buying and selling wholesale. Selling your products in the $12 trillion wholesale market helps you grow your brand, understand what retailers are looking for, and generate more revenue. Unsure where to start? Here are 14 popular options depending on…
Creating a home-based business or finding profitable online business ideas can be challenging. There are thousands of possible choices, yet everything seems like it’s been done thousands of times before. So with all these choices, where do you even begin digging to find the gold? If you’re looking into how to start your own business,…
In order to effectively promote your business, you need to create a foundation for your online presence and focus on getting in front of the right people quickly and efficiently. A lot of promotional advice recommends pouring money into ads on Facebook, Instagram, or Google. But you can’t put all your eggs in the advertising…
Your logo is more than just a group of symbols, letters, and colors. It’s the first thing customers recognize about your business. It can be one of the driving forces behind the success of your business, or a bad logo can limit your marketing and sales efforts. And yet, despite its importance, as a new…