{"id":4301,"date":"2021-08-25T23:42:11","date_gmt":"2021-08-25T18:12:11","guid":{"rendered":"https:\/\/fulfillmen.com\/?p=4301"},"modified":"2022-11-30T08:47:01","modified_gmt":"2022-11-30T03:17:01","slug":"5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs","status":"publish","type":"post","link":"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/","title":{"rendered":"5 Tips on How to Manage Money for New E-Commerce Entrepreneurs"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

If you are just starting out on your e-commerce business, it makes sense to keep a watchful eye on your budget. But for many new entrepreneurs, starting and getting business off the ground is more than just the business\u2019 cash flow: at this stage, many entrepreneurs feel vulnerable for their finances, and it\u2019s especially true if they decided to quit their job already and take their business full-time.<\/p>

In this article, we are going to discuss some tips on how you can manage your money while you\u2019re still struggling to take your business off the ground. And while this article is written for new entrepreneurs, seasoned entrepreneurs can also take some lessons here.<\/p>

That being said, let\u2019s not take this any further and let\u2019s get started!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

5 Tips on How to Manage Money for New E-Commerce Entrepreneurs<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

1) Budget, Budget, Budget!<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Whenever we talk about personal or business finance, the word \u201cbudget\u201d will always pop up. This is because budgeting is perhaps the very basic of personal or business finance.<\/p>

Set a budget for both your personal and business finance. How much are you earning right now (presumably, from your current job)? If your business is early earning some income, how much is it? From there, consider your expenses: what are your personal and business expense? Will they go beyond what you\u2019re earning?<\/p>

Once you monitored your income and expenses, set a budget that will keep your income and especially your expenses in check. If at all possible, live below your means so that you can save up some cash which you can use as a buffer should things go wrong. You can also use your extra savings as a reserve for your business in case it\u2019s needed. Above all, stick to your budget. Budgeting means nothing if you will keep breaking it.<\/p>

By the way, since we\u2019ve mentioned about saving, let\u2019s talk about that in the second point!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

2) Have Enough Savings Before You Quit Your Job<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

When to quit your job is worth another article, but if you are planning to quit your job to make your business full-time, be sure you saved enough money before doing so.<\/p>

Ideally, have a savings that can float you through from 6 months to a year. But above all, going back to point #1, stick to your budget. Remember, if you blow up on your budget, you will shorten your savings\u2019 lifespan. Of course, outside factors can blow up your savings (e.g. emergencies, increased cost of basic necessities, etc.) But whenever possible, stick to your budget while you trying to make your business profitable.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

3) Downsize Your Lifestyle (Temporarily)<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Aside from saving, we highly recommend that you downsize your lifestyle during this period. And yes, this may mean cutting off expenses that are not necessary but you may want. Some of such expenses include TV cable, unnecessary internet subscriptions, too much grocery items, and so on. Basically, live only based on what you really need and forget about the luxuries \u2013 at least, for now. The beauty of this is, once you become successful in your business, you can get upgrade back to your old lifestyle, or even go higher than that!<\/p>

That being said, keep in mind that income-expense relationship is relative. If you\u2019re a seasoned entrepreneur with highly profitable business and yet, you\u2019re still struggling with your finances, it could be because you\u2019re living a very expensive lifestyle that goes beyond even your large profits. So, be sure that you\u2019re expense and lifestyle stay within or below your income.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

4) Do Not Spend on Unnecessary Expenses for Your Business<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

This may sound like no-brainer, but if we\u2019re not careful, we may end up spending a lot more than we need. Not necessarily on e-commerce and retail businesses, but there are tales of business that has an unnecessary huge expense (which unnecessary takes away a lot of their income) \u2013 some of them even go unnoticed. For instance, some businesses have two offices when they only need one; some rents on a bigger warehouse space when they barely use half of the space; some spend on marketing campaigns despite the campaigns not giving them a decent return (bad marketing, that is). And don\u2019t think that your toilet paper or bond paper are just small expenses \u2013 if you\u2019re not careful, those \u201ctiny\u201d expense may balloon up without you even noticing it.<\/p>

The lesson here is to be mindful of your business expense. Before you expand or spend on new expenditures, be sure that they are justified enough. Also, keep an eye on your business cash flow to see if some expenses are unnecessary or unnecessarily high \u2013 and cut or lower those expenses.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

5) Know Your Business\u2019 Actual Cost and Expenses<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

In many businesses, the actual cost and expenses are pretty much straightforward – in other words, you\u2019ll know your costs and expenses right away. For example, a baker would know his or her cost right away \u2013 the rent, ingredients, employees, etc. A freelancer will also know his or her upfront costs \u2013 website registration (if he or she opted to have his own website), business cards, premium freelance services, etc. However, this is not the case for e-commerce businesses.<\/p>

One of the tricky expenses in e-commerce business is the customs fee and other costs that may be \u201chidden\u201d from you (and we\u2019re not even talking about tax yet, which varies from country to country). The good thing is, fulfillment companies like Fulfillmen (yes, we\u2019re here for you!) can help you see those costs so that you\u2019ll have an accurate view of your business\u2019 cash flow. Still, take the time to learn the ins and outs of fulfillment costs. Once you learned the ropes, it will be relatively easier for you in the months to come!<\/p>

Hopefully, after reading this article, you\u2019ll have a good insight on how to manage your money as a new e-commerce entrepreneur. With proper budgeting and if you have enough savings, money could be less of an issue for someone who\u2019s just starting his or her business out.<\/p>

If you are to take the journey of e-commerce entrepreneurship, we hope that you find it fulfilling and lucrative! If you need any help for fulfillment, Fulfillmen is always here for you. You can reach us out<\/a> and we\u2019ll be on touch with you for your concerns!<\/p>

Also, if you are a new entrepreneur, you may want to check this article, too: 5 Truths About Starting an E-Commerce Business That New E-Commerce Entrepreneurs Should Know<\/em><\/a><\/p>

\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

If you are just starting out on your e-commerce business, it makes sense to keep a watchful eye on your budget. But for many new entrepreneurs, starting and getting business off the ground is more than just the business\u2019 cash flow: at this stage, many entrepreneurs feel vulnerable for their finances, and it\u2019s especially true […]<\/p>\n","protected":false},"author":4,"featured_media":4302,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[202,191,200,201],"class_list":["post-4301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ecommerce-order-fulfillment","tag-e-commerce-business","tag-fulfillment-center","tag-fulfillment-companies","tag-logistics"],"yoast_head":"\n5 Tips on How to Manage Money for New E-Com Entrepreneurs<\/title>\n<meta name=\"description\" content=\"If you are just starting out on your e-commerce business, it makes sense to keep a watchful eye on your budget.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Tips on How to Manage Money for New E-Commerce Entrepreneurs\" \/>\n<meta property=\"og:description\" content=\"If you are just starting out on your e-commerce business, it makes sense to keep a watchful eye on your budget. But for many new entrepreneurs, starting\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/\" \/>\n<meta property=\"og:site_name\" content=\"Fulfillmen\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/myfulfillmen\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-25T18:12:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-30T03:17:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fulfillmen.com\/wp-content\/uploads\/2021\/08\/kelly-sikkema-xoU52jUVUXA-unsplash.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1102\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Fulfillmen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@chinafulfillmen\" \/>\n<meta name=\"twitter:site\" content=\"@chinafulfillmen\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fulfillmen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":[\"Article\",\"NewsArticle\"],\"@id\":\"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/\"},\"author\":{\"name\":\"Fulfillmen\",\"@id\":\"https:\/\/slategrey-mallard-476105.hostingersite.com\/#\/schema\/person\/5a33e6dad8655607e865471e592705eb\"},\"headline\":\"5 Tips on How to Manage Money for New E-Commerce Entrepreneurs\",\"datePublished\":\"2021-08-25T18:12:11+00:00\",\"dateModified\":\"2022-11-30T03:17:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/\"},\"wordCount\":1107,\"publisher\":{\"@id\":\"https:\/\/slategrey-mallard-476105.hostingersite.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/fulfillmen.com\/wp-content\/uploads\/2021\/08\/kelly-sikkema-xoU52jUVUXA-unsplash.jpg\",\"keywords\":[\"e-commerce business\",\"fulfillment center\",\"fulfillment companies\",\"logistics\"],\"articleSection\":[\"eCommerce Order Fulfillment\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/fulfillmen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/\",\"url\":\"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/\",\"name\":\"5 Tips on How to Manage Money for New E-Com Entrepreneurs\",\"isPartOf\":{\"@id\":\"https:\/\/slategrey-mallard-476105.hostingersite.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/fulfillmen.com\/wp-content\/uploads\/2021\/08\/kelly-sikkema-xoU52jUVUXA-unsplash.jpg\",\"datePublished\":\"2021-08-25T18:12:11+00:00\",\"dateModified\":\"2022-11-30T03:17:01+00:00\",\"description\":\"If you are just starting out on your e-commerce business, it makes sense to keep a watchful eye on your budget.\",\"breadcrumb\":{\"@id\":\"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/#primaryimage\",\"url\":\"https:\/\/fulfillmen.com\/wp-content\/uploads\/2021\/08\/kelly-sikkema-xoU52jUVUXA-unsplash.jpg\",\"contentUrl\":\"https:\/\/fulfillmen.com\/wp-content\/uploads\/2021\/08\/kelly-sikkema-xoU52jUVUXA-unsplash.jpg\",\"width\":1920,\"height\":1102},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fulfillmen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"5 Tips on How to Manage Money for New E-Commerce Entrepreneurs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/slategrey-mallard-476105.hostingersite.com\/#website\",\"url\":\"https:\/\/slategrey-mallard-476105.hostingersite.com\/\",\"name\":\"Fulfillmen\",\"description\":\"Worldwide E-commerce Order Fulfillment Platform China -US\",\"publisher\":{\"@id\":\"https:\/\/slategrey-mallard-476105.hostingersite.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/slategrey-mallard-476105.hostingersite.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Organization\",\"Place\"],\"@id\":\"https:\/\/slategrey-mallard-476105.hostingersite.com\/#organization\",\"name\":\"Fulfillmen Logistics - Zhong Tian Logistics Co,.ltd\",\"url\":\"https:\/\/slategrey-mallard-476105.hostingersite.com\/\",\"logo\":{\"@id\":\"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/#local-main-organization-logo\"},\"image\":{\"@id\":\"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/#local-main-organization-logo\"},\"sameAs\":[\"https:\/\/facebook.com\/myfulfillmen\",\"https:\/\/x.com\/chinafulfillmen\",\"https:\/\/www.linkedin.com\/company\/fulfillmenlogistics\/\",\"https:\/\/www.youtube.com\/channel\/UCFAhkWaE3qfoPRUjX3FaG7Q\"],\"openingHoursSpecification\":[{\"@type\":\"OpeningHoursSpecification\",\"dayOfWeek\":[\"Monday\",\"Tuesday\",\"Wednesday\",\"Thursday\",\"Friday\",\"Saturday\",\"Sunday\"],\"opens\":\"09:00\",\"closes\":\"17:00\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/slategrey-mallard-476105.hostingersite.com\/#\/schema\/person\/5a33e6dad8655607e865471e592705eb\",\"name\":\"Fulfillmen\",\"sameAs\":[\"https:\/\/fulfillmen.com\"],\"url\":\"https:\/\/fulfillmen.com\/author\/ffsocial\/\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/#local-main-organization-logo\",\"url\":\"https:\/\/fulfillmen.com\/wp-content\/uploads\/2018\/07\/QQ\u622a\u56fe20180708184644.jpg\",\"contentUrl\":\"https:\/\/fulfillmen.com\/wp-content\/uploads\/2018\/07\/QQ\u622a\u56fe20180708184644.jpg\",\"width\":349,\"height\":129,\"caption\":\"Fulfillmen Logistics - Zhong Tian Logistics Co,.ltd\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"5 Tips on How to Manage Money for New E-Com Entrepreneurs","description":"If you are just starting out on your e-commerce business, it makes sense to keep a watchful eye on your budget.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/","og_locale":"en_US","og_type":"article","og_title":"5 Tips on How to Manage Money for New E-Commerce Entrepreneurs","og_description":"If you are just starting out on your e-commerce business, it makes sense to keep a watchful eye on your budget. But for many new entrepreneurs, starting","og_url":"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/","og_site_name":"Fulfillmen","article_publisher":"https:\/\/facebook.com\/myfulfillmen","article_published_time":"2021-08-25T18:12:11+00:00","article_modified_time":"2022-11-30T03:17:01+00:00","og_image":[{"width":1920,"height":1102,"url":"https:\/\/fulfillmen.com\/wp-content\/uploads\/2021\/08\/kelly-sikkema-xoU52jUVUXA-unsplash.jpg","type":"image\/jpeg"}],"author":"Fulfillmen","twitter_card":"summary_large_image","twitter_creator":"@chinafulfillmen","twitter_site":"@chinafulfillmen","twitter_misc":{"Written by":"Fulfillmen","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":["Article","NewsArticle"],"@id":"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/#article","isPartOf":{"@id":"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/"},"author":{"name":"Fulfillmen","@id":"https:\/\/slategrey-mallard-476105.hostingersite.com\/#\/schema\/person\/5a33e6dad8655607e865471e592705eb"},"headline":"5 Tips on How to Manage Money for New E-Commerce Entrepreneurs","datePublished":"2021-08-25T18:12:11+00:00","dateModified":"2022-11-30T03:17:01+00:00","mainEntityOfPage":{"@id":"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/"},"wordCount":1107,"publisher":{"@id":"https:\/\/slategrey-mallard-476105.hostingersite.com\/#organization"},"image":{"@id":"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/#primaryimage"},"thumbnailUrl":"https:\/\/fulfillmen.com\/wp-content\/uploads\/2021\/08\/kelly-sikkema-xoU52jUVUXA-unsplash.jpg","keywords":["e-commerce business","fulfillment center","fulfillment companies","logistics"],"articleSection":["eCommerce Order Fulfillment"],"inLanguage":"en-US","copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/fulfillmen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/","url":"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/","name":"5 Tips on How to Manage Money for New E-Com Entrepreneurs","isPartOf":{"@id":"https:\/\/slategrey-mallard-476105.hostingersite.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/#primaryimage"},"image":{"@id":"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/#primaryimage"},"thumbnailUrl":"https:\/\/fulfillmen.com\/wp-content\/uploads\/2021\/08\/kelly-sikkema-xoU52jUVUXA-unsplash.jpg","datePublished":"2021-08-25T18:12:11+00:00","dateModified":"2022-11-30T03:17:01+00:00","description":"If you are just starting out on your e-commerce business, it makes sense to keep a watchful eye on your budget.","breadcrumb":{"@id":"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/#primaryimage","url":"https:\/\/fulfillmen.com\/wp-content\/uploads\/2021\/08\/kelly-sikkema-xoU52jUVUXA-unsplash.jpg","contentUrl":"https:\/\/fulfillmen.com\/wp-content\/uploads\/2021\/08\/kelly-sikkema-xoU52jUVUXA-unsplash.jpg","width":1920,"height":1102},{"@type":"BreadcrumbList","@id":"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fulfillmen.com\/"},{"@type":"ListItem","position":2,"name":"5 Tips on How to Manage Money for New E-Commerce Entrepreneurs"}]},{"@type":"WebSite","@id":"https:\/\/slategrey-mallard-476105.hostingersite.com\/#website","url":"https:\/\/slategrey-mallard-476105.hostingersite.com\/","name":"Fulfillmen","description":"Worldwide E-commerce Order Fulfillment Platform China -US","publisher":{"@id":"https:\/\/slategrey-mallard-476105.hostingersite.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/slategrey-mallard-476105.hostingersite.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Organization","Place"],"@id":"https:\/\/slategrey-mallard-476105.hostingersite.com\/#organization","name":"Fulfillmen Logistics - Zhong Tian Logistics Co,.ltd","url":"https:\/\/slategrey-mallard-476105.hostingersite.com\/","logo":{"@id":"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/#local-main-organization-logo"},"image":{"@id":"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/#local-main-organization-logo"},"sameAs":["https:\/\/facebook.com\/myfulfillmen","https:\/\/x.com\/chinafulfillmen","https:\/\/www.linkedin.com\/company\/fulfillmenlogistics\/","https:\/\/www.youtube.com\/channel\/UCFAhkWaE3qfoPRUjX3FaG7Q"],"openingHoursSpecification":[{"@type":"OpeningHoursSpecification","dayOfWeek":["Monday","Tuesday","Wednesday","Thursday","Friday","Saturday","Sunday"],"opens":"09:00","closes":"17:00"}]},{"@type":"Person","@id":"https:\/\/slategrey-mallard-476105.hostingersite.com\/#\/schema\/person\/5a33e6dad8655607e865471e592705eb","name":"Fulfillmen","sameAs":["https:\/\/fulfillmen.com"],"url":"https:\/\/fulfillmen.com\/author\/ffsocial\/"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fulfillmen.com\/5-tips-on-how-to-manage-money-for-new-e-commerce-entrepreneurs\/#local-main-organization-logo","url":"https:\/\/fulfillmen.com\/wp-content\/uploads\/2018\/07\/QQ\u622a\u56fe20180708184644.jpg","contentUrl":"https:\/\/fulfillmen.com\/wp-content\/uploads\/2018\/07\/QQ\u622a\u56fe20180708184644.jpg","width":349,"height":129,"caption":"Fulfillmen Logistics - Zhong Tian Logistics Co,.ltd"}]}},"jetpack_featured_media_url":"https:\/\/fulfillmen.com\/wp-content\/uploads\/2021\/08\/kelly-sikkema-xoU52jUVUXA-unsplash.jpg","_links":{"self":[{"href":"https:\/\/fulfillmen.com\/wp-json\/wp\/v2\/posts\/4301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fulfillmen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fulfillmen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fulfillmen.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/fulfillmen.com\/wp-json\/wp\/v2\/comments?post=4301"}],"version-history":[{"count":0,"href":"https:\/\/fulfillmen.com\/wp-json\/wp\/v2\/posts\/4301\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fulfillmen.com\/wp-json\/wp\/v2\/media\/4302"}],"wp:attachment":[{"href":"https:\/\/fulfillmen.com\/wp-json\/wp\/v2\/media?parent=4301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fulfillmen.com\/wp-json\/wp\/v2\/categories?post=4301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fulfillmen.com\/wp-json\/wp\/v2\/tags?post=4301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}