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The main problem that e-commerce sellers encounter is not knowing when and how many items to restock. In a nutshell, e-commerce companies need to know the optimal volume to restock otherwise it puts them at jeopardy of overstocking and understocking. We want to dodge these three scenarios because overstocking means holding excess inventory sitting on warehouse racks where the long-term storage fees will start racking up (especially in Amazon warehouses) to a substantial number. The long-term warehouse fees can be around 20-30% of your inventory cost, another reason to avoid overstocking. Understocking should also be avoided because you will miss opportunity cost for not being able to sell if the item had otherwise been restocked to the optimal amount. The table here shows the inventory status of these 5 items. The items are classified by their restock status with the items that need critical restocks showing up first and the least urgency on the bottom of the list. Items that are out

Ecommerce businesses need to know their working capital and by working capitals, I mean how much money to reasonably spend on your business over a period of time, such as a week, month or usually a quarter. Ideally, you want to know how much to reasonably spend as you want to budget your working capital effectively to maximize the growth of your business. Looking at the last quarter of this graph, based on the previous year’s sales, you will be able to see how much money you will make over a given future timespan. You will also be able to gauge how much money to spend to buy more inventory . As ecommerce sellers know, you want to earn 10%, 20% or however many percentages off the money you spend on the product. How AiHello helps with this overarching issue is that you want to know how much money to invest in your inventory over a period of time so you can make the purchase order immediately. How we can provide an answer to this is looking at the total revenue forecast graph where you ca

A major reason why many ecommerce businesses thrive and do well is optimizing their inventory management. In layman’s terms, knowing exactly how many and where to restock an item. What to stock, how much to stock and where to stock are the three pillars of a successful ecommerce business and if one of those pillars are disturbed it will affect the business’ profit margins and revenue. Knowing how much to stock lays the foundation and the rest and do what a human does best – running a business. You let the AI do the heavy lifting of how much to restock, where to restock etc. Here I will show you how the AI informs you how much to restock during the holidays. The holidays are generally a period in which an ecommerce seller will either makes a killing with a high profit margin or does not sell well and get bombarded by extremely high warehouse fees. You need to be prepared months in advance because there is are lead times, shipping times, and the closure (or backlog) of Amazon warehouses

One piece of advice that’s thrown around most in entrepreneurship communities is that before you can succeed, you need to start - and you need to start today. But that’s not so easy, is it? At least, traditionally, if you wanted to sell something you would need to build your own store, spend money on marketing and advertising, manage logistics of shipping and handling orders, and very slowly, build a reputation. But all of that work was cut-short with online marketplaces like Craigslist, eBay, and most importantly, with Amazon.  Seeing it’s been 13 years since Amazon launched its revolutionary Fulfilled by Amazon program, we thought it’d be useful for our readers to know if the FBA program is still as viable as it was in a decade ago. Or is there a better alternative - your own eCommerce store?  Benefits of Amazon FBA Working with the world’s largest internet company by revenue has its benefits.  300 million active customers (and Prime users) You can’t ignore the fact that Amazon is t

This video will show you how to use other ecommerce marketplaces to increase your sales and profit margins. We will also discuss diversifying outside of just selling on Amazon like using Shopify and Woocommerce and moving onto your own website. Some benefits of that include having the customer as a direct customer, guaranteed income, Amazon not being able to shut you off, and best of all increased credibility which can help you out if you’re also selling on Amazon. However, Amazon does provide you with all their customers and the exposure of your products to those customers, whereas with Woocommerce you’ll need to advertise extensively. Firstly, we’ll have to connect Woocommerce to Amazon FBA so that any sale completed on Woocommerce can be fulfilled by Amazon FBA. You could also use 3PLs but if your numbers are not above a certain threshold, it’s more effective to use Amazon FBA. Amazon has the potential to make sellers a lot of money, but you don’t want to rely completely on Amazon