Many friends often find that they can’t see much money on their books during the operation of Amazon . They obviously want to make money, but the money on hand has not increased, but has been decreasing. At this time, there is a problem with your cash flow .
cash flow is an indispensable part of enterprises. During the turnover process, once the capital break occurs, it will cause the entire process to be paralyzed. So, what should we do to improve the cash flow of the store in the process of operating Amazon?
1. Prepare funds
When preparing to run a store, you must have a complete plan and estimate how much money you need in the formal operation process. Generally speaking, you must leave yourself enough backup funds for about half a year to a year. In this way, even if you encounter market adjustments and changes, it will not be difficult to deal with.
2. Business dataization
In the process of operation, the corresponding data can be sorted out and summarized in a timely manner. In fact, a lot of rules and experience can be obtained. Sellers can analyze the store's operating conditions based on data from different periods, or they can adjust the corresponding operation strategies in a timely manner. It should be noted that dataization can be as refined as possible, and summarize and compare them one by one in daily, weekly, month, etc. to understand the business conditions of the store.
3. Reducing costs
In addition to some essential fixed costs, you can only control your own operating costs from other aspects. For example, when cooperating with Party B, find ways to negotiate the price lower, etc., or use some reward mechanisms to improve personnel's work efficiency.
4, Accurate inventory
Many Amazon sellers will cause a large amount of stocking due to inaccurate inventory preparation during the operation process, which will cause the capital turnover time to be too long, which will affect cash flow. Therefore, in the process of operating Amazon, you should make your stocking plan more precise.
5. Clean up inventory in time
For some products, if there is no improvement over a long period of time, you should learn to give up appropriately and not keep it up there and become unsold products. Otherwise, the longer the time, the more unfavorable it is for you. Give up when it is time to give up. Even if it is discounted, you must deal with these inventory in a timely manner.
6. Timely withdrawal
The Amazon platform's payment cycle is about half a month, but it is better to withdraw the money on the book yourself in time. Check the store balance in time and withdraw money on time. This will avoid many risks and losses and allow your funds to flow back in a shorter time.
7. When striving for the accounting period
cooperates with suppliers and freight forwarders, you should talk about the accounting period as much as possible and try to talk about the accounting period as long as possible. In this way, you can better allocate your funds within a limited time.
What other practical methods do you have? You can communicate in the comment area~
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