Cost of goods sold (COGS) is an accumulation of the direct costs that went into the goods sold by your company. This includes the cost of any materials used in production as well as the cost of labor needed to produce the good. It does not include indirect expenses such as distribution costs and marketing…
All Ultimate Guide Articles - Page 30
Yellow Letters: The Best Lead Gen Strategy for Investors?
Yellow letters are handwritten prospecting letters that real estate investors or real estate agents send to homeowners in order to generate seller leads. They’re called “yellow” letters because they were historically handwritten on yellow legal pads. We interviewed successful real estate investors for their yellow letter strategies and best practices in 2017. Why Yellow Letters…
HomeStyle Loan: What Is a HomeStyle Mortgage & Who Is It Right For?
-A HomeStyle loan is a government-backed, permanent mortgage that can be used to purchase and renovate an owner-occupied primary residence between one to four units. Also called Homestyle Renovation (HSR) mortgages, HomeStyle loans can also be used by real estate investors to purchase and renovate a single-unit second home or investment property. However, HomeStyle loans…
How to Sell on Etsy Successfully – The Ultimate Guide
Are you an artisan, studio artist, designer, or craft supplier interested learning how to sell on ? If so, this guide is for you. In it, we detail the most important aspects of how to sell successfully on Etsy, from creating that all-important connection with buyers, to ensuring your products are found by potential customers….
FHA 203(k) Loan: The Ultimate Guide to the FHA’s Renovation Loan
An FHA 203(k) loan is a government-backed, permanent mortgage used to purchase and renovate a primary residence. A Federal Housing Administration (FHA) 203(k) loans are exclusive to owner-occupied purchases and renovations and are not suitable for real estate investors looking for renovation financing. Investors who are interested in rehab projects should instead read our guides…
Commission-Based Jobs: Ultimate Guide to Working In One or Hiring Them For Your Business
Sales is a necessary part of every company, and whether you call it business development, client relationship management, or account management, it’s still sales. Jobs in these spaces tend to have a heavy commission element to them in order to incentivize people to perform. In this article, we are going to look at these commission-based…
In-House Fulfillment vs. Fulfillment Center – The Ultimate Guide
From launching my fledgling company with a fulfillment center to managing a growing $1M/year fulfillment operation in-house, I’ve personally run the spectrum of small ecommerce fulfillment solutions. I know firsthand the many challenges (and sleepless nights) that small ecommerce business owners face. And I know that order fulfillment and all that it entails, shown below,…
Where to Buy Custom Boxes – The Ultimate Buyer’s Guide
Custom boxes deliver branded impact that online customers appreciate, remember, and oftentimes share via social media. We looked at the most popular options and rising stars and decided to review , Salazar Packaging, and . These companies covered the range for small businesses in terms of price, box variety, printing options, and ease of purchase….
What Are Commercial Bridge Loans and How Do They Work?
Commercial bridge loans are a flexible loan arrangement intended to provide short-term financing until an exit strategy, such as a refinance or sale, can be executed. Commercial bridge loans act as interim funding, facilitating the purchase of commercial real estate and completion of rehabs or upgrades, but not acting as permanent financing. A commercial bridge…
Progressive Discipline Policy Sample & How-To Guide
If you are having repeated behavior or performance issues with your employees, a progressive discipline policy may help nip these in the bud. In this article, we will provide you with a free progressive discipline policy sample and a guide on how to implement it at your small business. What is Progressive Discipline? Progressive discipline…
Exit Interviews: The Ultimate Guide
If you have lost a few top performers to a competitor, exit interviews can help you to learn why this is happening. Or maybe you had to let go of a few people you were sure would be your next superstars. In this article, we’ll tell you how exit interviews can help you improve the…
Hiring an Administrative Assistant for Your Small Business: Job Description, Training, & Salary Guide
As a small business owner, you may be wondering if the time is right for you to hire an administrative assistant (or a similar role, like an office manager or receptionist). An administrative assistant can improve the efficiency of your business, but it can be difficult to find the right person and train them. We…