In this week’s issue we cover Additional Expenses in Tips & Tricks, we talk about the importance of, and give you some tips for, the all-important Millennial demographic in Seller Insight, and in The World of Amazon we look at Amazon’s growth in the UK.Have a great week!
TIPS & NEW STUFF
New InterfaceFor those who haven’t tried it yet, we’re mentioning the new interface again this issue. You can try it out by switching here:And you can switch back to the old them like so:This will become the new face of ManageByStats, and we feel it greatly improves navigation and ease of use. As with any new thing, of course, it takes some getting used to, but we think you’ll find the flow of this updated interface groups the tools more logically and flows more naturally.Its release made the news ...ManageByStats Releases New InterfaceAdditional ExpensesDid you know you can add additional, general business expenses in your MBS, and let the system use those expenses in profit calculations?Additional Expenses is a relatively new feature, and while we announced it a few weeks ago, it’s worth mentioning again for anyone who might’ve missed it.ManageByStats is not an accounting program, but we do provide as much information as possible for you to manage your business.A big part of knowing the health of your business is knowing your Profit, and many things can go into that.COGS (Cost of Goods Sold) and Inbound Shipping are two of the most vital bits of info used to determine profitability. There can be, however, and generally are, other, company expenses not covered by direct product costs. Expenses you'd like to factor against sales to more accurately determine profitability.Additional Expenses is where you set these values.Learn more about setting Additional Expenses …Setting Additional Expenses In Your MBS
Amazon is set to continue experiencing growth within the UK market, which is expected to rise by 58.2% over the next five years to reach £15.7bn by 2024.Amazon has experienced worldwide revenue growth of 161.7% between 2014 and 2018, with revenue reaching $232.9bn (£183.89bn) in 2018. Amazon’s market share will continue to grow in the UK, with online set to account for almost one-fifth of all UK online expenditure by 2024 ...Amazon To Account For One-Fifth Of UK Online Spend
A senior citizen called her husband during his drive home.“Herman, I just heard on the news that there’s a car going the wrong way on Interstate 90. Please be careful!”Herman replied, “It’s not just one car. There’s hundreds of them!”__I ran into an old school friend at the store today. He started showing off, talking about his well paid job and expensive sports cars.Then he pulled out his phone and showed me a photo of his wife and said, “She’s beautiful, isn’t she?”I said, “If you think she’s gorgeous, you should see my girlfriend.”He said, “Why? Is she a stunner?”“No,” I said. “She’s an optometrist.”Badump bump.
QUOTE OF THE WEEK
“Everything you’ve ever wanted is on the other side of fear.”- George AddairTo your success,Your ManageByStats TeamRead Our Newsletters Online!Share Your Thoughts About ManageByStatsWe’ve made it easy to leave a review:Tell Us What You Think About MBSThanks for taking a few moments to give us your feedback!And don't forget to share ManageByStats with your friends. Our affiliate program pays you an ongoing 25% referral commission.See the Affiliate menu under Settings in your ManageByStats.
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