Need ideas for my new Online Shop

Hey Guys
So I have decided to open my online shop at https://www.sellist.com/displays/business. Here I can Display my Products Clearly already find my customers on the site so that I don't have to worry about bringing traffic to a newly built website.
What are the things that I should double check when I am maintaining an online profile for my business?
I need help in learning what I should not forget when I am maintaining this profile and tips on how to improve my online presence

Need help with the challenge of inventory valuation

Hi Guys,
It's been a while, I'm doing fine. My shop is also doing fine, still slowly growing and I'm in the middle of re-branding. I need some help trying to figure out a simple way to track the value of my inventory. When I google for how to do that, I just find the typical accounting 101 lessons that talk about FIFO, LIFO and all that. I understand that stuff, but right now my business is so small that I want just a very simple approach. The reason I'm having difficulty is that I can't yet afford the version of QB Online that handles inventory (two versions higher than what I can currently afford, grrr), so I have to do it in Excel, manually. The good news is that I think I know where my method is broken.

Currently I'm using this formula:

ending inventory value from the last time I measured it (say, end of last month)
+
dollar value of wholesale purchases since last measurement
-
dollar value of merchandise donations made since last measurement
-
sales made since last measurement


The first (and maybe the only but it's a big one) problem is that the wholesale purchases are (duh) wholesale, but the donations and sales are retail. So clearly I need to keep track of both wholesale and retail prices of everything? And then only use the wholesale price throughout the formula?

What else? Some details to know: I don't have any consumable or perishable merchandise. I know I probably should include depreciation, but let's not do that for now (until I'm bigger). The average wholesale cost per item is $30, so depreciation isn't going to kill me yet.

GSuite vs. Office 365 vs Open Office. Which do you use?

Until recently I used MS Office since 2003. Back when it was like $700 and was a multi disk install. It was just one of those things you had to have because everyone else you did business with had it and you needed to be able to send and access files back and forth on a common platform. Today Office 365 is about $99 yr,.

I've honestly never cared for Office. I mostly used Word and Outlook and I thought those were kind of over complicated. Outlook especially had many bogs that existed for years. Very frustrating.

I tried Open Office for a while, but it only has some features and not everything I need.

Lately I've been using GSuite and love it. Much simpler to use, Hangouts is much better than Skype, Drive works better than One Drive, and since I use Android phones the entire experience is just easier.

Google also makes it easy to have a work profile and a personal profile and to be able to switch between either easily, on all your devices. On your phone you don't even have to switch accounts you can have work apps and personal apps side by side. I'm kind of hooked on the Google services and how easy they are to use and keep the same access and experience across all your devices.

Just wondering what everyone else uses out there, and why it's the best solution for your particular business.

Change your Twitter password

In case you haven't heard yet, you need to change your Twitter password immediately.

Quote:

---

The company announced on Thursday it discovered a bug that saved user passwords unprotected on an internal log.


Twitter said it has since fixed the issue. Although the company said there is no evidence passwords have been leaked or misused, it is urging its users to update their passwords.

---

Twitter says all 336 million users should change their passwords

Twitter says it doesn't appear that any information was leaked outside of Twitter, but just in case.

It may be a good idea to also run the email addresses you use with your Twitter accounts through https://haveibeenpwned.com/ to double check against know database breaches.

Need some advcie

How do I find contacts of Chinese Manufacturers/Suppliers of Adhesive Pressure Sensitive Tapes? Is there any portal other than Alibaba?

About GDPR for EU visitors.

General

Under the new GDPR rules, visitors from the EU must be able to

• Access their personal data
• Correct errors in their personal data
• Erase their personal data
• Object to processing of their personal data
• Export personal data

This forum does not collect your personal data, and you have full access the information that you have provided in Settings-> My Profile.
You can access or change that info at anytime.

If you would like your account completely deleted contact me at hm@sbforums.net with your username and email address and I will delete it completely.
No residual personal information is retained when your account is deleted. It is completely wiped from the database.

We also do not employ any personal data tracking programs outside of traffic stats which provide a general overview of visitors and counts.
On this forum you cannot log in with your social media accounts.

Ads

This forum runs 3rd party ads from Google. Google customers can opt out of personalized ads here:
https://adssettings.google.com/anonymous. More to come on this.

GDPR takes effect on May 25. I will update this thread with more information and an updated privacy policy before then and make sure we are in whatever compliance we need to be.

Happy National Small Business Week! April 29- May 5 2018

During National Small Business Week, the U.S. Small Business Administration shines a spotlight on our nation’s 30 million small businesses. Through community events across the country and online, we honor entrepreneurs whose achievements over the past year stand out.

Learn more: https://www.sba.gov/national-small-business-week

The U.S. Small Business Administration and SCORE Association will host a free, 3-Day Virtual Conference during National Small Business Week. The conference will take placeTuesday, May 1 – Thursday, May 3 between 12:30 pm ET - 6:30 pm ET each day. Registration is free to the public.

Participate in all the webinars or pick and choose the topics you like. You will also have the opportunity to meet other business owners and chat with industry experts. The Virtual Conference offers all the best parts of an in-person conference, but without the hassle of traveling. Today's webinar topics include:

• How Changing Consumer Behavior Impacts Your Business
  
• Addressing Discrimination and Harassment in the Workplace
  
• Get New and Repeat Business on Autopilot with Email Marketing
  
• Creating and Sustaining a Strong Social Presence

Register here: https://score.6connex.com/event/vc/nsbw/login