A Fresh Chapter: Amazon Lending Closes its Books
After more than a decade of offering financing and loans to sellers on the marketplace, Amazon Lending has closed its books. On March 6, 2024, Amazon Lending announced, via email to sellers, that the Lending division would cease underwriting its own loans. This came as a shock to many in the ecommerce community, including sellers […]
How to Set Up an LLC in 4 Steps
As the ecommerce sector continues to grow, many business owners are ready to take advantage of resources and opportunities, such as ecommerce funding or opening a business bank account, that require formal structures. One attractive option is setting up a Limited Liability Company (LLC). LLCs provide flexibility, limited liability, and tax advantages for ecommerce businesses, […]
Do Not Pass GO or Collect: The FTC’s Lawsuit Against Amazon
On Tuesday, ecommerce giant Amazon found themselves caught up in a large-scale game of Monopoly with the Federal Trade Commission (FTC), the winner of which is yet to be seen. While Amazon is preparing for a busy Q4, complete with multiple holiday shopping events, the FTC passed them a “Go to Jail” card in the […]
SBA Loans for Ecommerce: Everything You Need to Know
Depending on your ecommerce goals, an SBA loan can be a great way to secure the funding you need to grow. However, not all ecommerce businesses will qualify, and the application process can run in conflict with short term goals. In this blog post, we will take a closer look at SBA loans and whether […]
What Is a Good Net Profit Margin in Ecommerce?
Ecommerce profit margin measures how much money you make after subtracting your costs from your revenue. It’s calculated as a percentage and expressed as either gross or net profit margin. Your profit margin is a critical success metric for the business overall, but it can also be used to compare products and SKUs, make ordering […]
5 Tips for Improving Your Business Credit Reports
If you’ve been through the process of building your personal credit, you know it takes commitment. Building your new business credit is similar in this way, but it’s a little more complicated than building your personal credit. Whether your business is new or it’s been operational for some time, you can follow these five steps […]
Getting Started With a Business Credit Report
What is a business credit report? You may be familiar with FICO score for your consumer credit report. Well, a similar credit score exists for your business. A business credit report is how the bureaus monitor information about the risk involved with your business, specifically around credit and lending. Simply put, your score indicates your […]
10 Steps to Starting a New Business
Congratulations, you’re considering starting a new company to pursue your dreams and ambitions. Kudos to you! As entrepreneurs, we all have different experiences. The blueprint for one small business won’t necessarily work for another, but some elements of starting up will always be true. Here are the top 10 things to consider when starting your […]
5 Considerations for Choosing the Right Small Business Technology
The Wall Street Journal has a fascinating article on venture capital secrets and the heavy rate of startup failures in this country. Building and growing a startup is not all roses and rainbows; it’s rife with risk and endless possibilities for bad decisions. Some of the earliest decisions you make as a company involve investing […]
