Is Your Great Idea Right for Ecommerce

0 Comments

Today I had the chance to meet with a long-time client and friend who, along with her daughter, is considering an ecommerce startup venture. It was so exciting to hear the fun plans of ramping up a new business idea.

Before you invest significant time or money into an ecommerce idea, run the numbers. What does your unit economics look like? What are the platform fees for your target marketplace? What’s the realistic ad spend to acquire a customer? What does inventory cost and how long does it sit? These questions don’t kill great ideas — they make them better. Knowing your numbers before you launch is the difference between a hobby and a business.

Building a business that lasts? Your Profit Team helps ecommerce entrepreneurs grow with clear numbers, steady cash, and a plan that fits their life.

Book a discovery call with Your Profit Team →

About the author 

Cyndi Thomason

Cyndi is a mom and author of Profit First for Ecommerce Sellers and Motherhood, Apple Pie, and all that Happy Horseshit. She's also a speaker and thought leader in ecommerce accounting and Mom Entrepreneurship. Cyndi is the founder of Your Profit Team and bookskeep, which provide CFO advisory and Profit First accounting services to hundreds of ecommerce businesses around the world. When not helping business owners or her team, Cyndi can be found in her garden.

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}