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Episode 41: Listener’s Questions Answered

Well we are both back from our Asia trips and we’re ready to get back into the swing of the podcast. We record these episodes in batches and we’re getting ready for a new one. We also plan on doing a follow up episode on “Cash is King.” So keep an eye out for that.

We’re simply going to be answering a listener’s questions today.

We received a two part question from Ryan.

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The Ecommerce Inventory Management Infographic

It’s getting down to tax season. Naturally, this is one the most frustrating times for me, because I hate paperwork and I dread getting all of my accounting properly done.

If there’s one area that Mike and I are both still trying to get a good grip on, it’s ecommerce accounting. It’s still a relatively new niche and there’s a fair amount of applications out there, but there’s no “magic” platform that does it all and most owners we know that are multi-channel sellers still have to cobble various tools together.

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Day 2: Dropship 101 and Fulfilling Orders

Sales to date: $45.61

One of the best feelings in the world is your very first order with a new business. As such, I’m happy to report that had our very first order for a cutting board. On one hand, we did take over an existing business, so it’s not *terribly* surprising that an order came in. On the other hand, this site generated mid five figures in sales last year, so it’s not a high volume store either.

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