Amazon is a global technology company that focuses on e-commerce, cloud computing, digital streaming and artificial intelligence. And although it needs no introduction for many South Africans, taping into this tool was just a pipe dream for local SMEs. Until now, that is...

The e-commerce giant recently launched its highly-anticipated online marketplace in South Africa. SMEs across the country can now log onto their seller profiles and start listing their products.

We have put together a comprehensive guide to help you on this journey. It will help you navigate the marketplace, find out how to become a seller and provide information on how Amazon compares to other e-commerce service providers in South Africa.

Find expert advice about e-commerce on SME Advice today. Follow the link here.

New This Week (21 May 2024)

• How to Become a Seller on Amazon Marketplace

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• 5 Agro-Processing Business Ideas in South Africa

READ MORE: Essential Marketing Strategies for South African SMEs

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Why is Financial Management Key to SMEs?

Financial management needs to be at the forefront of your management approach. As all small and medium-sized enterprises (SMEs) know, without the budget for starting, expanding or enhancing your business, not much can happen. The good news is that there are many tools and techniques to employ!

Financial management relates to the movement of money in and out of the business. The influx includes income from sales, investments, and loans, whereas the outflow constitutes all expenses such as salaries, overhead costs and even paying taxes. The management of these processes along with the relevant administration thereof is called financial management. Record keeping of every transaction, be it a payment paid or received, must diligently be kept as proof of a compliant business. This forms a vital part of the administration of finances.