36 min
E-Commerce Gig Basics (profit tracking, sample tracking sheet) Game and Compute
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- Empreendedorismo
E-Commerce Gig Basics (profit tracking, sample tracking sheet)
Check out the FREE Sample Tracking: https://gameandcompute.com/shop-1
Last time we discussed the importance of tracking profits. Now you will be able to view a layout of how that looks. Track your expenses!
This episode discusses the minimum of what to consider when tracking your expenses. This will help you to verify that your e-commerce gig is profitable.
Once you have some profits coming in, you will need to have a plan for those funds. The funds may get recycled back into your future expenses such as any upcoming subscriptions needed to keep your store running. Or you can invest in more inventory, or shipping costs, or other fees.
We will eventually discuss planning. Once you have been able to dive into a pilot study from start to finish, you can consider larger planning and perhaps create a larger budget. You will be able to predict potential profits.
Remember that e-commerce can be fleeting. Things change! China may stop shipping on time. Or if there is a lock down there may be unexpected impacts. Products become obsolete. Or some major brand might release a new product impacting your sales.
Keeping things low and slow is one of the best methods to avoid losing tons and tons of money all at once. Stay patient. AND DON'T FORGET, YOUR TIME IS MONEY, SO FACTOR THAT INTO THE COSTS IF YOU CAN.
E-Commerce Gig Basics (profit tracking, sample tracking sheet)
Check out the FREE Sample Tracking: https://gameandcompute.com/shop-1
Last time we discussed the importance of tracking profits. Now you will be able to view a layout of how that looks. Track your expenses!
This episode discusses the minimum of what to consider when tracking your expenses. This will help you to verify that your e-commerce gig is profitable.
Once you have some profits coming in, you will need to have a plan for those funds. The funds may get recycled back into your future expenses such as any upcoming subscriptions needed to keep your store running. Or you can invest in more inventory, or shipping costs, or other fees.
We will eventually discuss planning. Once you have been able to dive into a pilot study from start to finish, you can consider larger planning and perhaps create a larger budget. You will be able to predict potential profits.
Remember that e-commerce can be fleeting. Things change! China may stop shipping on time. Or if there is a lock down there may be unexpected impacts. Products become obsolete. Or some major brand might release a new product impacting your sales.
Keeping things low and slow is one of the best methods to avoid losing tons and tons of money all at once. Stay patient. AND DON'T FORGET, YOUR TIME IS MONEY, SO FACTOR THAT INTO THE COSTS IF YOU CAN.
36 min