Hi everyone! I also want to add WHY it's important to use an inventory management platform and HOW it's different from your e-commerce inventory tracking. Most e-commerce sites such as Shopify offers basic inventory count, sales reports, and low stock item alerts, which are indeed helpful. However, this platform gives you a more in-depth look at your cost of goods sold, profit margins, the value of all inventory on hand as well as potential net profit and revenue insights, just to name a few. 😉 These are all important details and analytics you need to help you grow a successful, profitable boutique. Knowing your numbers is key! I hope this helps answer your questions! I'd be happy to do a follow-up video going into more detail about optimizing your reports. Let me know! 👍 -Monika 💕
GIRL I JUST FOUND YOU AND I LOVE YOUUU! omg! you don't understand how much I appreciate your videos! all the tips you give! I am about to start my hair business and your tips have helped me a lot! I will be recommending you to other youtubers! your tips will help them a lot!! again thank you for these videos!! keep the good work coming girl!!
Please do a video on tagging your inventory. What rights do boutique owners have when they put their brand name on merchandise? Where do you get your tags printed for good quality but at the cheapest price?
Great video, thanks for sharing Shopventory with us. I would love to see another in depth video on the barcoding/sku numbers....in your experience, what are the pros/cons of having a unique barcode for each individual item you sell? I'm am trying the find the most accurate method to tracking my inventory. I would love to be able to scan in/out inventory. Or if I want to perform an overall inventory count, scan all inventory to make sure my counts are accurate. Does that make sense?
This was very helpful! I just started my own boutique last month and now that I have 4 different styles I want to get on top of keeping track of my inventory. This is a great site and I will definitely check it out.
Hi Monika and thank you for another awesome video! I've learned so much from your online course and youtube videos. I've never even heard of any of these resources until I started watching your channel! I was definitely meant to stumble upon your page :)
I so needed this my only question is. When your customers buy out a product will it shut that product down automatically so you don't get multiple orders for it or do you have to go in a put a sold out sign on the product yourself?
Hi. I have a random stupid question. I'm new to business. At 9:20 you entered the cost of good and your retail price. What does this mean exactly? The retail price is how much you're charging for selling that item on your shop, but what's the cost of item? Is that how much you paid to get that item?
I learn so much from you! Thanks for the videos. I’m on the waitlist for your course, can’t wait to learn more. I would love for you to make more videos detailing anything regarding an online retail,boutique business.
Hi Chaitanya! There are several different marketing strategies to move your products. To name a few, you could host giveaways, create a flash sale, or retake your current product photos to give them a fresh look. It really depends on a number of different factors. Hope this gives you a few ideas.
Also, I would like to see a video on supplies you use to run your online boutique. Shipping supplies, storage, etc. Also, how to stay organized while running your boutique at home
Hi Sabrina! Great question. Shopify offers basic inventory tracking, whereas Shopventory has more in-depth reports. You're able to view your gross margins, COGS, and potential revenue and profits, which are all so helpful to optimize the growth of your boutique. Hope this helps!
important question , should I do inventory on shopventory or do I have the option to do inventory straight to Shopify? or do I need both ? kind of confused
Hey Khadijah! Sean from Shopventory here. We can manage ecommerce and physical boutiques from the same account. Go to shopventory.com and send a message through the chat bubble if you have other Qs!
Most e-commerce platforms, such as Shopify, offers basic inventory count tracking and sales reports. Whereas, this platform gives you a more in-depth look at your COGS, profit margins, cost of all inventory on hand as well as potential net profit insights, etc. You’re able to analyze your reports to grow a successful, profitable boutique. Knowing your numbers is key. 😉👍🏻
Hey Tashina! Sean from Shopventory here. We provide more advanced reporting than just Shopify by itself. We can also manage brick and mortar businesses along with ecommerce. Go to shopventory.com and send us a message if you have more questions!
What is a good alternative to the Dymo LabelWriter 4XL that’s on the cheaper side but the same quality and use? Anyone in the comments please help a sista out!! Can’t spend $200 on a label printer right now 😭
I’m looking into the DYMO LabelWriter 450 Turbo Thermal LabelWriter Printer; however, I am not sure if it is compatible with ShipStation. I am also not sure if it will print the labels that I need for my boutique! Anyone please let me know!!
Hi everyone! I also want to add WHY it's important to use an inventory management platform and HOW it's different from your e-commerce inventory tracking. Most e-commerce sites such as Shopify offers basic inventory count, sales reports, and low stock item alerts, which are indeed helpful.
However, this platform gives you a more in-depth look at your cost of goods sold, profit margins, the value of all inventory on hand as well as potential net profit and revenue insights, just to name a few. 😉
These are all important details and analytics you need to help you grow a successful, profitable boutique. Knowing your numbers is key!
I hope this helps answer your questions! I'd be happy to do a follow-up video going into more detail about optimizing your reports. Let me know! 👍
-Monika 💕
Love this Monika! I launched my online boutique last year, it’s going super well and your videos have contributed to that a lot! 💛
Oh, wow! This is the reason why I love doing what I do. Thanks so much for sharing! Congratulations on the success of your boutique! 💕
I am in the planning process of opening a store next year and ive watched like 6 of your videos already. They're so helpful. Thank you!!
Hey Celeste! How’s it going?
GIRL I JUST FOUND YOU AND I LOVE YOUUU! omg! you don't understand how much I appreciate your videos! all the tips you give! I am about to start my hair business and your tips have helped me a lot! I will be recommending you to other youtubers! your tips will help them a lot!! again thank you for these videos!! keep the good work coming girl!!
Thank you all for voting on InstaStories for this topic! Hope you find it helpful! Give it a thumbs up if you enjoyed :)
Please do a video on tagging your inventory. What rights do boutique owners have when they put their brand name on merchandise? Where do you get your tags printed for good quality but at the cheapest price?
Great video, thanks for sharing Shopventory with us. I would love to see another in depth video on the barcoding/sku numbers....in your experience, what are the pros/cons of having a unique barcode for each individual item you sell? I'm am trying the find the most accurate method to tracking my inventory. I would love to be able to scan in/out inventory. Or if I want to perform an overall inventory count, scan all inventory to make sure my counts are accurate. Does that make sense?
I🙏'm watching this in 2020 and one step closer to turning my dropshipping store to a six figure brand.
This was very helpful! I just started my own boutique last month and now that I have 4 different styles I want to get on top of keeping track of my inventory. This is a great site and I will definitely check it out.
Glad to hear you found it helpful! Congrats on your new boutique! ☺️
Hi Monika and thank you for another awesome video! It's always nice to watch :)
I have been binge watching your videos! Thank you for sharing your tips! Could you do an updated packaging video?
Yes! It’s on my list. 😊
Hi Monika and thank you for another awesome video! I've learned so much from your online course and youtube videos. I've never even heard of any of these resources until I started watching your channel! I was definitely meant to stumble upon your page :)
SO beyond happy hear that, Olivia! I love having you in the community and following along your boutique journey on Instagram!
I so needed this my only question is. When your customers buy out a product will it shut that product down automatically so you don't get multiple orders for it or do you have to go in a put a sold out sign on the product yourself?
Hi. I have a random stupid question. I'm new to business. At 9:20 you entered the cost of good and your retail price. What does this mean exactly? The retail price is how much you're charging for selling that item on your shop, but what's the cost of item? Is that how much you paid to get that item?
I learn so much from you! Thanks for the videos. I’m on the waitlist for your course, can’t wait to learn more. I would love for you to make more videos detailing anything regarding an online retail,boutique business.
Yay! Can't wait to welcome you into the community! :)
Hi Monika nice video 😊 wanted to know how can we get rid of old stock that is not selling inspite of discounts n sale
Hi Chaitanya! There are several different marketing strategies to move your products. To name a few, you could host giveaways, create a flash sale, or retake your current product photos to give them a fresh look. It really depends on a number of different factors. Hope this gives you a few ideas.
MonikaRoseSF thank you 😊
Also, I would like to see a video on supplies you use to run your online boutique. Shipping supplies, storage, etc. Also, how to stay organized while running your boutique at home
Lilli Torres she has one in supplies and apps already... very good one too
If i have the same Bar code for the same item in difference sizes how will i be able to know when a certain size needs to be restocked?
Thank You So Much For sharing their are so many options you simplified this perfectly 😊👍 God Bless💕
Do to send out a receipt with your packages? if so does this software allow you to print receipts?
Hi! Yes, I do. I print out the packing slip. 👍🏻
Do you really need this if I’m on Shopify? They have there own system right? I’m confused
Hi Sabrina! Great question. Shopify offers basic inventory tracking, whereas Shopventory has more in-depth reports. You're able to view your gross margins, COGS, and potential revenue and profits, which are all so helpful to optimize the growth of your boutique. Hope this helps!
important question , should I do inventory on shopventory or do I have the option to do inventory straight to Shopify? or do I need both ? kind of confused
I answered this question on my pinned comment above. 😊
Can I use this for a physical boutique?
Hey Khadijah! Sean from Shopventory here. We can manage ecommerce and physical boutiques from the same account. Go to shopventory.com and send a message through the chat bubble if you have other Qs!
@@seanstaicer6094 that's great
Thanks for sharing. I got a bit confused...do u use shopventory or shopify? thank you! I am new and want to start the right way:0)
What a thoughtful video!
Thank you for another amazing video you are such a blessing.
You’re welcome! Glad you’re enjoying the videos. 💕
Does your selling platform not offer this feature or is this something that is better than that?
Most e-commerce platforms, such as Shopify, offers basic inventory count tracking and sales reports. Whereas, this platform gives you a more in-depth look at your COGS, profit margins, cost of all inventory on hand as well as potential net profit insights, etc. You’re able to analyze your reports to grow a successful, profitable boutique. Knowing your numbers is key. 😉👍🏻
If I use a Shopify account, do you think this Shopventory site is still needed?
Hey Tashina! Sean from Shopventory here. We provide more advanced reporting than just Shopify by itself. We can also manage brick and mortar businesses along with ecommerce. Go to shopventory.com and send us a message if you have more questions!
OMG, Thank you! This video was sooo helpful.
What is a good alternative to the Dymo LabelWriter 4XL that’s on the cheaper side but the same quality and use? Anyone in the comments please help a sista out!! Can’t spend $200 on a label printer right now 😭
I’m looking into the DYMO LabelWriter 450 Turbo Thermal LabelWriter Printer; however, I am not sure if it is compatible with ShipStation. I am also not sure if it will print the labels that I need for my boutique! Anyone please let me know!!
No Bigcartel?
This video was so helpful!
Thank you for this very informative video. I look forward to more. Xoxo
You're welcome!
Thank you for this info!
Super helpful. Thank you!
Can you do am updated video please😁
Liked on cuteness alone🤙🏽
This website is ridiculous priced 😫 I just need a affordable app to keep track of my inventory