Especially if you sell a product, you MUST have a web presence if you are going to reach maximum success. You are missing out on so many sales! The sad truth is that most small business owners who sell products offline are only avoiding setting up an e-commerce business because they are afraid. They are overwhelmed by what they don't know and consider the internet and e-commerce something outside their reach because of their lack of knowledge.

Today the Rules of Thumb blog from MoneyThumb would like to assure any small business owner who knows they need to start selling online to increase their profits but is not sure about how to begin that setting up an e-commerce store is really not that hard. For those of you who do not have the technical know-how to create your own e-commerce store, there are professionals on sites like Fiverr who can handle the job at very little cost.

To help you understand more about e-commerce and get you started on the road to bigger success by selling online, we advise you to attend this free webinar being held by Magento. They are an Adobe owned company and a very popular e-commerce platform.

Here is a description of and details about the free webinar:

The post Tips for Creating a Successful E-Commerce Business appeared first on MoneyThumb.

If you are keeping the books for e-commerce clients, this article/podcast from Andrew Youderian of e-Commerce Fuel and Bill D’Alessandro of RebelCEO.com, is an absolute must read/listen. The podcast/article is called Managing Cash Flow for a Growing e-Commerce Business. Below is the first few paragraphs of the article. You can read/listen by following this link.

There’s a lot to keep track of when you have a growing small business, and managing cash flow can be tricky. Bill D’Alessandro is back this week to help us shed some light on different cash flow issues and how to handle them.

Bill and Andrew have had their own problems with cash flow in the past, so today they share those lessons. They talk about why you might be strapped for cash even if your revenue is booming, legitimate reasons for having cash flow issues, and the best ways for small businesses to raise more funds.

Andrew Youderian        

Managing Cash Flow for a Growing Business          

Subscribe: iTunes | Stitcher

(With your hosts Andrew Youderian and eCommerceFuel.com and Bill D’Alessandro of RebelCEO.com)

Andrew: Welcome to the eCommerceFuel podcast, the show dedicated to helping high six and seven-figure entrepreneurs build amazing online companies and incredible lives. I’m your host and fellow e-commerce entrepreneur, Andrew Youderian.

Hey, guys, it’s Andrew here, and welcome to the eCommerceFuel podcast. Thank you so much for tuning in today. Today, we’re gonna be talking about cold, hard cash. How do you manage cash flow in a growing business? And we touched on cash flow in our episode about accounting, the one riddled with gunshots and explosions, which we’ll link up to in the show notes if you haven’t listened to it. But what I wanted to talk about, a little bit more about cash flow. What are legitimate reasons for having cash flow problems? What are bad reasons for having cash flow problems that are kind of indicative of systemic problems in your business and some options for smoothing those out? And joining me to talk about it is Mr. Bill D’Alessandro. Bill, how are you doing, buddy?

Bill: Doing well. Nice to be back for sort of part two on cash flow and accounting.

Andrew: Yeah. If we have any listeners left after our accounting episode. Hopefully, they’ll stay with us for this one. I guess this is not super sexy stuff, right? But it’s pretty important.

Bill: It depends on your definition of sexy, I suppose. But I think this is pretty fascinating stuff, and if you have an e-commerce business or any business, really, that’s growing, you are probably going to be riveted by this conversation.

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As an added bonus for MoneyThumb clients/readers of the Rules of Thumb blog, take a minute to download this free report from Accounting Web, The Accountants Guide to Advising e-Commerce Clients. 

The post Managing Cash Flow for a Growing E-Commerce Business appeared first on MoneyThumb.