Money Hacks for the Ecommerce Seller
We spend a lot of time, and hard work building our business. So let’s keep as much of the profits as we can. Here are a few easy hacks every ecommerce seller can do, to keep more in your pocket.
1. Groove.cm – Suite of tools for the ecommerce seller.
This hack can save you thousands of dollars. Most ecommerce business pay monthly subscriptions to a few different platforms to run their business. We pay for ecommerce website builder platform, email marketing, funnel pages, upsales, and more.
Now there is a new platform, that has all the tools you need, all in one platform, for one subscription, for a fraction of the price you pay for the other platforms. This new platform is Groove (here is our review of GrooveKart). They have 18 different tools for your ecommerce business. Check it out here.
To make the switch extremely easy, you can import your shopify store in to the groove platform with one click.
Plus, they have a free plan. You can use the free plan for life. Or upgrade to a paid subscription whenever your business is ready.
At the moment they have an insane offer, for a one-time payment of $2,499, you get a lifetime premium plan. It is a big payment to make at once, but if you think into it and calculate the monthly payments you would make with any other platform, there is big saving here, in the thousands.
2. Save on your subscriptions
Here is another hack to save on your subscriptions. Most subscriptions offer a pay by month or pay yearly option. Most of the time, when you pay yearly, you save around 30%. Check out your subscriptions to see.
Secondly, you can save big on your subscriptions by checking out AppSumo. AppSumo is a platform where they offer different software and tools at discounted prices. Go to AppSumo, type in the software you currently are using, and they will show you all the similar tools you can get at a steep discount.
3. Lifestyle Images
We all need plenty of lifestyle images for our products. They help our listing convert, we use them for posts, ads, and marketing. We all know the problem, lifestyle images are very expensive. Here is a little hack to get lifestyle images for under $5 each.
Adobe stock photos, has thousands of amazing photos you can stick your product in to. They charge $29.99 a month, and you get 10 free stock photos a month. You don’t have to use all 10 every month, they roll over. So that’s $2.99 per photo. Check them out here.
Then, there are plenty of very talented photo editing companies, that do an amazing job, and they are very very cheap. You can stick your product in to a photo for $1.75!!!!! Here is the photo editor I use, clipping usa, they do an amazing job. Check them out here.
I do this for all my products, and they look amazing. Here is a product I used to sell, see how they put my napkin holder in place of the original napkin holder in the adobe stock photo.
original photo from adobe
my napkin holder in place of the original one
Keep in mind, when looking for a stock photo, the stock photo doesn’t have to be perfect as is, you can send it to the photo editor and ask them to change some colors, remove or add some products, move things over, all for just a few dollars, you can play around with the photo.
4. Amazon FBA Refund Auditing & Reimbursements
For those selling on amazon, this is a no brainer. If you are not using one of these tools, you are leaving money on the table.
Amazon FBA warehouses have thousands of products coming in and out every hour. Your products come in to one FBA warehouse, and are then sent out all around the USA to other FBA warehouses. In all the movement, it is normal for products to get lost or damaged. Amazon refunds you for all the products they lose or damage. The problem is, sometimes amazons system does not pick up on all the products they lost or damaged, and then you do not get a refund. In comes FBA Refund companies, they do a monthly audit on your amazon inventory, they find any discrepancies, and they file a claim for you. You do nothing, you just link your account to their platform, and they do the rest. There is no subscription fee, they charge 25% of the refunds they recover. So if they do not recover anything, you don’t pay anything, and whatever they recover, was money you left on the table, now you will get 75% of it.
For amazon FBA Refund Auditing & Reimbursements, I use Getida, they do an amazing job. Sign up through this link, and you will get $400 of reimbursements for free. Check out Getida over here.
5. Credit Cards – Use the Right One
We are all spending a lot of money on our business, advertising, subscriptions, shipping, importing, and more. The average credit card gives you one point per dollar spent, but some credit cards give you multiple points per dollar on specific categories. If you use the right credit cards for the right categories, you rack up thousands of extra points, worth thousands of dollars.
Best Card for
Advertising, Shipping, Internet, Cable, Phone Travel - The Chase INK BUSINESS PREFERRED Card, gives you 3x points (on the first $150,000 spent per year) on Shipping purchases, Internet, cable and phone services, Advertising purchases with social media sites and search engines, and Travel. Plus, chase is offering a 100,000-point bonus on this card, get it over here.
Office Supplies, Internet, Cable, Phone - The Chase INK BUSINESS CASH Card, gives 5x points (on the first $25,000 spent per year) At office supply stores, On internet, cable and phone services. And 2x points (on the first $25,000 spent per year) At gas stations, and At restaurants. Plus, chase is offering a 90,000-point bonus on this card, get it over here.
6. Freightos – Importing
If you are importing, you have to check out freightos. Freightos is a marketplace for international freight, for all air, ocean, and trucking freight. Freightos has rates from 75+ providers. Freightos gives you instant quotes, and you can book on the spot, no need for someone to get back to you with a quote. You can sort the results by cheapest or fastest. Once you book a shipment with freightos, you can track your shipment on the freightos platform. It’s easy to use, and communicate with your freight forwarder on freightos. Freightos is an all in one importing platform, compare, book, and manage your freight across the world’s top logistics providers, all on one platform.
The prices on freightos are very competitive, you can get a great price, and save thousands of dollars on each shipment. I use freightos for all my shipments. Check out freightos over here.