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Internet Sales Tax Tips for Ecommerce Stores

Ship Monk

April is tax time, which makes this a good time to bring up the topic of ecommerce sales tax. ecommerce stores. That’s because ecommerce businesses need to do their taxes with every sale they make. ShipMonk is an ecommerce 3PL that partners with hundreds of ecommerce clients of all shapes and sizes. What is Nexus?

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Importance of Social Proof in Ecommerce

Ship Monk

What can ecommerce businesses do to leverage this power? That, in a nutshell, is why ecommerce businesses cannot afford to ignore the importance of social proof. Of course, sometimes following the herd can lead us astray. Conformity bias is what makes the fashion industry tick, and many ecommerce businesses benefit from it.

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Demand Forecasting: How It Enhances Ecommerce Operations

Ship Monk

As the holiday shopping season reaches its peak, ecommerce business owners everywhere are crossing their fingers, hoping they have enough product in stock and that they didn’t order too much. In truth, demand forecasting, or estimating how much product you’ll sell in the future, is one of the toughest challenges for any ecommerce business.

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Distributed Inventory: Is Splitting Ecommerce Inventory Right for You?

Ship Monk

As a result, small ecommerce businesses paid dearly to tap into those resources. Now, thanks to 3PLs like ShipMonk, smaller ecommerce merchants can take advantage of this inventory distribution strategy to decrease order shipping times and reduce shipping costs. Why Would an Ecommerce Business Split Inventory? Faster Shipping.

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Demand Forecasting 101: Everything eCommerce Businesses Need to Know

Ship Monk

For an eCommerce business owner, the answer is obvious: How the heck do I get a handle on my inventory management ?! We’re talking, of course, about demand forecasting, or the process of predicting customer demand for a product or service. If you had a crystal ball, what is the first thing you would ask? What is Demand Forecasting?

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Weighted Average Cost Inventory Valuation: Is it Right for My eCommerce Business?

Ship Monk

One of the most irksome tasks of owning an eCommerce business is keeping track of inventory—not just the number of units, but their costs. Of course there are eCommerce fulfillment software and inventory management systems that can do this for you, but every business owner should know the basics of inventory accounting methods.

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What Does a 3PL Do?

Ship Monk

Learn All about Ecommerce Logistics and Fulfillment Of all the many things you do as an ecommerce brand owner, logistics and fulfillment are often afterthoughts — as in, let’s worry about that after the orders start coming in. Once shipped, the ecommerce client is notified of any shipping delays or issues that need their attention.

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