Making More Profit & Improving Cash Flow By Leveraging Your Financial Data w/ Ryan Hurley - Ep - 566 - Lunch With Norm

Lunch With Norm - The eCommerce & Amazon FBA Podcast

Norman Farrar

Business:entrepreneurship, Business, Marketing, Entrepreneurship

5.0 • 1.4K Ratings

🗓️ 26 March 2024

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s Lunch With Norm, we are with a 7-year Amazon veteran, Ryan Hurley! We discussed making more profit & improving cash flow by leveraging your financial data. Find out what are good product profit margins & refund benchmarks. Our guest recently started a bookkeeping software & service company called SellAnalytix to scratch his pain points as a seller. This episode is brought to you by Post Purchase Pro Post Purchase PRO specializes in helping Amazon sellers create more sales, ranking, and reviews through post-purchase marketing. Finally, your email marketing can be actively managed by professionals with over 30 years of experience so you can focus on running your business. Increase repeat purchases, drive better organic search term ranking, get more reviews, and build a real asset. For more information visit https://www.postpurchasepro.com/lunch This episode is brought to you by Startup Club Startup Club is the largest club on Clubhouse supporting the Startup ecosystem. Startup Club offers an exciting sense of belonging to established and aspiring entrepreneurs, startup businesses, and companies wanting to Learn, Connect, and Grow. Join us for conversations with founders, entrepreneurs, angel investors, venture capitalists, subject matter experts, and more. For more information visit https://Startup.club This episode is brought to you by Seller Basics Seller Basics is the ultimate guardian for account suspensions, ASIN hiccups, and IP headaches. For only $99 per month, Seller Basics provides a dedicated team to safeguard your business. And that's not all! Gain access to free legal consultations with seasoned eCommerce attorneys. With no binding contracts, you can cancel anytime with just a month's notice. Consider Seller Basics your Amazon account's comprehensive health plan. For more information visit https://www.sellerbasics.com In this episode, a 7-year Amazon veteran, Ryan Hurley is here. Today, we discussed making more profit & improving cash flow by leveraging your financial data. He recently started a bookkeeping software & service company called SellAnalytix to scratch his pain points as a seller. This episode is brought to you by Startup Club, Post Purchase Pro, Seller Basics, and HONU Worldwide... *All conversations and information exchanged on the Lunch with Norm podcast or interaction on the Lunch with Norm Website is intended for educational and entertainment purposes only. Do not confuse this with advice or direction with your business per se. Always do your own research before following advice from any podcast/website. Amazon's Terms of Service is always changing. Make sure you are following relevant up-to-date information.

Transcript

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0:00.0	And when you do use cash, you don't have the same, you don't have the same ability to understand your cash flow.
0:11.2	Like accrual is so much easier to understand.
0:27.8	Hey, everyone. This is Norm Ferrari, aka the Beard Guy here, and welcome to another Lunch with Norm, the e-commerce and Amazon FBA podcast. Today, we're going to be discussing
0:33.8	making more profit and proving cash flow by leveraging your financial data.
0:39.3	We're going to be talking about how you can forecast inventory using both inventory demand
0:44.7	and cash flow.
0:46.5	What are good product, profit margins and refund benchmarks and how can you use AI in your financial data to spot bad trends.
0:57.6	All right, everybody.
0:58.5	Welcome to another lunch with Norm, the e-commerce and Amazon FBA podcast.
1:03.1	Okay, like I mentioned today, making more profit and improving cash flow by leveraging your
1:09.9	financial data.
1:11.6	Our guest, first time guest, is a seven-year Amazon veteran who sold hundreds of
1:17.5	thousands of dollars primarily in the home improvement niche.
1:21.4	He recently started a bookkeeping software and service company called Cell Analytics to scratch his own pinpoints as a seller.
1:32.4	We'll be introducing our guest, Ryan Hurley, right after we talked to a sponsor.
1:39.5	Facing cash flow challenges with your e-commerce business, discover Viably, your ultimate financial ally.
1:46.4	From real-time sales data integrations to immediate funding access, Viably is here to support you.
1:54.1	Plan your growth with their free tool for online sellers and engage with specialists whenever you need.
2:02.8	Extend your cash flow with Viably. Let me see. We can sit back. We can relax, grab a cup of coffee, enjoy the show,
2:09.1	and welcome Ryan. Hi, Norm. Thanks for having me. Good. How's it going? Pretty good. How about you?
2:16.2	Oh, pretty good after I have my coffee or two.
2:19.2	Yep.
	...

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