This post was written by Nick Maglosky, CEO of ecomdash. Ecomdash is a smart, multichannel inventory, order, listing and shipping software for online retailers. Nick is passionate about small to mid-sized businesses and all things ecommerce, and enjoys researching innovative ways retailers can compete online in an increasingly diverse market.

Inventory management is crucial for all ecommerce retailers. Unfortunately, many retailers aren’t doing it right. In fact, retailers lose over $1.75 trillion dollars a year due to poor inventory management, including overselling. 

Inventory Management Strategies to Avoid Overselling

The best way to effectively manage inventory will be unique to your business. What works for you may not work for other ecommerce companies. But, there are some strategies that are beneficial for all retailers – those that help improve your inventory management and increase cash flow. 

Here are five ways to prevent overselling in your ecommerce business and to keep yourself out of those staggering statistics.

If you’re looking to start shipping internationally for the first time, we recommend reviewing our Guide to International Shipping to get detailed information about customs documents, duty, and other areas to consider when going international. This post is an expansion on what to consider when deciding which carriers to use when going international. 

Based on our Guide to International Shipping, many businesses have asked us to dive deeper into the nuts and bolts of implementing alternative carriers for their international shipments. So we’re highlighting one here that our customers get immediate access to when signed up with Shippo.

To buy or not to buy, that is the question when it comes to shipping insurance. Often times, insurance can feel like a waste of money. But those few times you lose a package or that one-of-a-kind piece is damaged, you wish that you had just spent those few extra dollars.

So when should you buy shipping insurance? Where do you even get it? And how do claims work? We’ve put together an introductory guide for shipping insurance, outlining what you should consider when it comes to insuring your packages.