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Frequently Asked Questions | JL Smith

WHAT MAKES JL SMITH DIFFERENT FROM OTHER INVESTMENT ADVISORS? At JL Smith, we provide you the convenience of one-stop to deliver coordinated investment management, tax management, financial planning, insurance & estate planning, retirement planning, and charitable giving strategies, ultimately providing you a household CFO to help maximize your wealth. In addition to our financial, tax, & investment knowledge, we have built a community of other successful, working American families, providing us

The JL Smith Group - Avon

We have all experienced the pushy salesperson who wants you to buy something regardless of whether it is right for you or not. All they care about is earning their commission and not necessarily setting you up for financial success. At the JL Smith Group we take a different approach.

In our Avon financial service branch, you will notice that we offer free consultations and help you reach your financial goals through a holistic approach. Instead of forcing you into products that aren’t the best

Cash Flow Management for E-commerce Business | Learn How to Manage Your Cash Flow

Moving to an e-commerce platform is a growing trend seen throughout the business world. It opens up opportunities for companies to compete on a global scale. Organizations that offer products online can capitalize on better communication with their customers and often see a significant increase in overall revenue.

A recent survey conducted by Gartner Analytics showed that 87% of senior business leaders thought their business needed to move online to succeed.

Even with the countless opportuniti

Synder Business Insights: Top Refunded Products Report

🤔 What is the Top Refunded Products Report?

Refunds are a part of running an e-commerce website. Regardless if a customer returns an item because it was the wrong product or it was damaged, it’s important to keep track of the number of returns for each good.

With the Top Refunded Products Report, it’s now easier to see which products have the highest refunds — allowing you to investigate further and create plans to decrease the number of refunded products.

⚖️ How is the Top Refunded Products

Synder Business Insights: Top Performing Products Report

🤔 What is the Top Performing Products Report?

For e-commerce stores, identifying your top-selling products is crucial for having continued success. By pinpointing which items are generating the highest gross income, you can begin to diversify product offerings and forecast demand for your best sellers.

The Top Performing Products Report provides this essential information automatically by tracking and sorting your products by gross income. Simply log in to your account and click on the report

Synder Business Insights: Least Performing Products Report

🤔 What is the Least Performing Products Report?

Most e-commerce store owners spend most of their time focused on top-selling products and driving lead conversion. However, there are opportunities to drive sales and profit growth by improving lower-performing products. Whether you update either the way a product is produced or marketed, making improvements to your least performing items is important to success.

With the Least Performing Products Report, identifying products with room for improv

Understanding Unit Economics [Synder Guide 2022]

While most business owners have a general understanding of how economics works, many don’t think about using it in their daily operations. However, one area of economics that can be quite beneficial for companies regardless of their industry is unit economics.

Unlike typical economics, which focuses on various variables throughout the marketplace, unit economics focuses on analyzing a company’s performance and forecasting future growth on a per-unit level.

Let’s dive a little further into unit

Understanding Marginal Cost and How to Calculate It

Few things are as important to a company’s success as its products. Regardless of industry, having a product that helps address customers’ pain points is often the key to growing a business. However, a high-quality solution is only half of the success equation — pricing also plays a significant role in the growth of a product-driven organization.

While outward pricing results from the market and what consumers are willing to pay, the production price of a good is something a business has contro

How eBay Sales Affects Your Income Tax

Over the past decade, e-commerce companies have seen a spike in sales as more customers shift to buying products online. While this trend is great for sales and revenue, it means that business owners need to keep a closer eye on their tax obligations.

One of the most common forms of tax that e-commerce companies need to be aware of when selling on eBay is income tax. Regardless of how much you make, all your profits will need to be reported and are subject to income tax.

Let’s dive a little de

Why Should You Work with a Fiduciary Financial Advisor

Throughout your career you have worked hard so that you could enjoy retirement properly without having to worry about money. Unfortunately, the financial advisor you choose to work with can ultimately have a huge impact on whether the money you saved will be enough to reach your financial goals.

Although many advisors have your best interests at heart, there are those in the profession who are paid based on the type of investment product they put your money into. This could lead to ethical conf

It’s Never too Late to Work with a Financial Advisor

Many people assume there is a timeline they should follow when it comes to working with a financial advisor. However, this isn’t the case at all. There are different events and scenarios throughout a person’s life where it makes sense to consult with a financial professional.

Regardless of whether you are starting a new job, retiring, downsizing your home, or thinking about starting a business, it is important to make sure you have all of your financial assets in order. Our team of expert advis

Personal Finance Terms to Know Before Retirement

As you near retirement, it is common to become more concerned with your savings and investments. Unfortunately, unless you are a finance professional, some of the terminology that is often thrown around can be quite confusing. Coupled with the ever-changing stock market, fluctuations in interest rates, and unlimited investment options, and the thought of growing your nest egg can be daunting.

At The JL Smith Group, we want you to feel comfortable with how your money is being invested. That is w

4 Signs It’s Time to Hire a Financial Advisor

Every one of us who spends years saving and building a nest egg does so with the purpose of either using the money during retirement, leaving it for family when we pass, or donating it to causes we believe in.

Regardless of which category you might fall into, it is important to understand how to not only protect your money but increase its value as well. Many of us, however, don’t have the time or the experience to maximize the value of our savings. Instead of risking your hard-earned money

Client Retention Strategies for Financial Advisors

How often have we heard the expression, “Clients are the lifeblood of the business, treat them well and they will take care of you.” Odds are, every one of us has heard it at some point in our financial advising career, either from a manager or on our favorite podcast.

As cliché as this saying may be, there is a great deal of truth behind it. For a financial advisor to be successful, they need to be able to increase their client retention rate.

The retention of existing clients should be one o