10 eCommerce Business Ideas To Generate More Profit
Did you know that eCommerce sales have grown continuously for the past ten years? And even after the sharp drop in growth rates in 2021, they are still three times higher than physical retail. This presents a massive opportunity for eCommerce and dropshipping businesses to boost profits in a dynamically growing environment. But it also […]
USPS Overnight Shipping: A Comprehensive Guide to Expedited Delivery
When launching an e-commerce business, entrepreneurs inevitably reach the pivotal ‘ship-searching’ stage. As they prepare to fulfill orders, two crucial questions arise: How much will shipping these packages cost, and how long will it take? Fast and reliable shipping is of paramount importance, particularly for time-sensitive deliveries. In this comprehensive guide, we will explore the […]
What is 4PL Logistics: Difference between 4PL and 3PL
In today’s fast-paced world of online businesses, efficient supply chain management is crucial for your success. As an e-commerce business owner, you understand the importance of order fulfillment and its impact on customer satisfaction. However, as your business expands, logistics management can become overwhelming and time-consuming. This is where fourth-party logistics come into play. So, […]
FCA Terms FCA Incoterms: Unraveling the Meaning and Benefits
Welcome to the exciting world of international trade and logistics! In today’s global marketplace, understanding shipping terms is vital for successful international trade. This article explores the importance of comprehending these terms and briefly overviews Incoterms and their significant role in global logistics. As we embark on this journey, our primary focus will be on […]
Backorder Guide: Solutions and Strategies for Order Management
Are you ready to embark on a thrilling journey to e-commerce success? Look no further than NextSmartShip, the tech-focused GLOCAL logistics company that’s making waves in the online marketplace. Say goodbye to the logistical headaches that come with running a DTC brand, because we’ve got your back! From the moment your products are ready to […]
What So the Words “In Transit” Actually Mean?
This article will explain what being in transit is. It is simply to be in the process of moving from one place to another or moving a product or service from one place to another. What does in transit mean in shipping? The words in transit are generally used when describing the movement of ordered […]
What is the Cost of Goods Sold (COGS) & How to Calculate
Cost of Goods Sold (COGS) refers to the direct costs of producing the goods a company sells. In calculating COGS, include only direct costs like materials and labor and exclude all indirect costs. As an important metric in ascertaining gross profit, COGS tells the story of your company’s financial health. You must understand COGS’s relationship with your […]
What Does FIFO Stand for and How to Use it
FIFO, short for First In, First Out, is a powerful concept that plays a pivotal role in inventory management, logistics, and financial accounting. By mastering this principle, businesses can optimize their operations and maximize profits. This article will dive into inventory management, revealing how the FIFO method streamlines processes and reduces waste. As you uncover the […]
The Most Important Fulfillment Costs Explained
Order fulfillment is usually a deciding factor in the success or failure of your online business. When you provide customer orders on time, at an affordable shipping rate, and in good condition, you’re likely to attract repeat sales from the same person and even get a referral from that customer to their friend. However, if […]
