In order to keep up with demand and continue to scale, there is one concept sellers must pay close attention to: your cash conversion cycle. Understanding and mastering your cash cycle can help you determine when is the right time to purchase more inventory, invest in new products or even scale into a whole new market.
Christmas, alongside Black Friday, is the most important time of the year for a lot of online sellers. If you have a product or service that is especially popular during the holiday season, it’s crucial that you have enough inventory to meet the demand. Download our free checklist to prepare you online store for holidays!
As a response to the recent market challenges, Myos is expanding its service beyond handling merchants that work with third party logistics (3PL) providers, and opens its doors to merchants with their own warehouse operations!
Researching the perfect finance provider for your online business can be challenging and overwhelming, given the broad range of options. The reasons for taking up additional funds are oftentimes very similar for e-commerce sellers: avoiding out-of-stock, accelerating growth with new products or boosting ad spend. Potential solutions are offered by many companies, including your local banking institute, fine traders, factorers, revenue-based financers, or asset-based financers like Myos. While we covered the different types of financing in a recent blog article, we want to shed light on different ways to communicate the price of a loan and why it is so important to understand their implications.
COVID-19, Suez Canal blockade, closed port of Yantian: the cost of shipping goods from Asia to Europe continues to rise, with many entrepreneurs reporting up to 400% mark-ups on import costs. There is no end in sight and the important Chinese New Year and Christmas business is at risk. How are experienced Amazon merchants dealing with this? We asked 3 Myos experts.
Dr. Kai Hudetz has been researching various aspects of retail for years. Since 2009, the expert has been managing director of the Institute for Retail Research (IFH) in Cologne. In the MM guest article, he assesses current developments in e-commerce and analyses the supremacy of Amazon.
Every year, as soon as Q4 appears in the calendars of online retailers, hysteria spreads. Christmas business is just as important as Prime Day or Black Friday. But how do you strategically approach this important e-commerce phase on Amazon? Amazon expert and guru Christian Otto Kelm shares his thoughts in Merchant Magazine.
In normal times, the choice between air and sea freight is determined by the weight and size of the goods and how fast you want them to arrive. Nonetheless, COVID-19 has made this choice more complicated for cross-border e-commerce merchants by posing numerous challenges to international logistics, such as volatile prices, delays and less availability. Under these uncertainties, you might be wondering which form to choose for your next shipment. This article contrasts these two shipping methods and gives recommendations, which are especially relevant if you want to ship from China to Germany.
The last days of summer have barely passed before the bells of Christmas shopping and Halloween are already ringing on the e-commerce horizon. Merchants are re-optimising their shops, joining in the hype about the profitable sales season in December. But while most Amazon retailers only focus on the gift industry, the Halloween niche is growing more and more. Is this holiday, which is increasingly celebrated in this country as well, a serious business and can an online shop, in suitable segments, generate relevant sales here? And in the best case scenario, of course, without an SEO power struggle, as during the less contemplative period of christmas shopping. Halloween, that much is certain, has arrived in retail. Decoration shops, costume distribution from local niches to large department stores, from stationary - to online retail.
Being the “World’s Factory” and a rising center of innovation, China has been one of the most popular markets for trading, especially for sourcing. A simple search on Google reveals countless articles teaching westerners about how to behave in China, but in many cases, reading these as a native Chinese, my reaction is more like “What? I have never heard that” and “Heh? that’s not true”.
Humans are creatures of habit. When conditions in the environment change over a longer period of time, we adapt. The current COVID-19 crisis has already changed the standard conditions. Read here what implications the current pandemic might have on your online business.
New tax obligations for online traders will apply from 1 July 2021. Originally scheduled for 1 January 2021, the e-commerce tax package adopted by the EU in 2017 will now come into force in the summer. The new laws pay particular attention to the revised delivery thresholds - in general, many things will change for online retailers. We reveal the details.
The list of SME financiers is long, yet they struggle with their borrower-based approach in the e-commerce segment. We highlight 3 problems of this approach and explain how it differs from Myos' product-based approach as a mode of financing e-commerce sellers.
When an online shop grows, it encounters numerous hurdles. As the range of products and services and the customer base develop, the demands of the target group also increase and the customer experience is now compared with the competition. Shipping, tracking and returns are expected to be fast and reliable, with large companies setting the standard in e-commerce.
Growth goes hand in hand with the need for new capacities, more time and greater effort. However, it should not only be based on creating new resources. Rather, it is important to pursue sustainable growth as a goal. Investing in professional fulfilment is an investment in your customers' satisfaction and long-term growth.
Everyone knows Alibaba. But while some small business owners already rack their brains during the initial communication, others get the best purchasing conditions with top quality via the online platform. Strong and reliable suppliers are essential for today's e-commerce. But how do you find these? In this article, we will help you to find your way through the wide range of possibilities and give you an overview.
In a dynamic market environment such as online retail, good cash flow planning can secure your existence. Especially when your business is growing, you have to make strategic financial decisions and determine the best time for further financing by banks and investors. This article gives you five tips on when and how to act so that you learn the best lessons from cash flow planning for further financing rounds.