Ecommerce businesses and owners need to be sure about where they are investing time.
If you are starting an online business, you need to be more sure where you need to put more attention since there are a lot of things to do.
So managing time it’s a cornerstone of every successful business.
Here are some of the tips that can help.
What Are The Importance Of Time Management In Ecommerce?
For any business, time management is an asset that can be the enemy if you don’t manage it properly.
Poor management in time can be the key factor that leads to failure. Businesses that cannot manage tasks in their operation will disallow the opportunity.
Also, you might miss out on the growth, increasing the wasteful expenditure on overhead and human resources.
Assessing the time gives you more control over how you can spend time to grow the business online.
It helps you in giving you benefits to you :
- Sellers will have new marketers and help in growing revenue.
- Buyers will have more access to more products and have prices that are more competitive.
- Marketplaces will see growth in revenue from listing and purchasing new as well as recurring users.
Understanding The Mistakes To Know In Time Management
Time management has its own points, which lead to mistakes. This ends up taking you much more time and wasting resources.
For the eCommerce business, this is important to focus on.
Here are some of the time control mistakes :
Taking Too Much Of Work
Ideally, your work needs to equal your capabilities until a time factor sneaks into it.
Unfortunately, when you have 24 hours, you need to be more certain of your work.
Especially when you are running a store online, you have much more work to invest time in. So the worst mistake you can make is to put too much work into yourself.
This leads to causing you to stress and leads to being more effective.
Poor planning can be the whole reason why you are having bad time management in the first place.
So you need to be more aware and realistic with your goals, and then include the planning regarding how you will do it.
Complicating Your Time Management System
The mistake can be directly connected to the latter, however, you should focus on not completing your time management system.
Especially when you are running a business online, even when you already have experience, it’s important to keep the method simple.
If you have employees who follow a similar time management system, it is important to keep it simple and clarify it to keep the workflow smooth.
Multitasking The Work
You need to handle the website, check the product and keep it in stock, etc. There are a lot of tasks when you own an e-commerce store.
However, you need to avoid multitasking; even though it’s hard to avoid, it’s better to keep it as limited as you can.
Well, it ends up damaging the management scheme, since you already have work in hand but your attention will be on something else. This ends up in focusing on nothing and piling the undone work.
Create Your Work Schedule
Having a schedule can help you in knowing what to do and how to do it. With a schedule, you can also have more structure.
True enough, the online store will never close but you need the time to get everything done and have your rest.
Also, this will help you in having a healthy balance between work and life.
Procrastinating What’s Important
The last and most worst mistake you can make when you aim for successful e-commerce and online stores is procrastinating.
Postponing your work is just making your worn life hell, the future you need to deal with all of these and handle the stress.
Tips To Help In Time Managing Your Store Online Well
Ecommerce is growing rapidly, and it’s one of the professions which is very popular as there are more and more stores popping up every day.
Well, it’s a great opportunity for you if you are planning to own your online store and sell the product or service to the targeted customers.
But you don’t want to ruin it by investing time in things that are not needed.
So here are some of the tips for your time management to lead successful eCommerce :
Outsource Your Order Fulfillment
When your online store is up and you are running it well with custom, you need to stop wasting time buying and storing the stock, packing everything, and lugging.
There are chances that you don’t even have that much space. So instead of wasting time and money, you can choose the drop shipping merchant which is reliable and helpful in the fulfillment side of the operation.
With the drop shipper store inventory and help by taking care of the postage and packaging, along with that they apply branding to packages to deliver to customers.
So there will be no changes, and it will be like it comes directly from you.
Use The Live Chat And Helpdesk
If you don’t want to handle the pissed-off customers that could be handled by little attention, you can use the live chat and helpdesk.
This helps in managing the customer queries and doubts on site, so they have their solutions. With this, you can improve the business and sales.
With this, you don’t have to invest more time in making your customer feel less angry, and also it’s good as you have fewer numbers of angry customers.
Mentally Read For Process
When structuring the process, you have to be ready with everything.
On your commute to work, kick start with something that can pump you up. Start your day with the right mindset. And make sure you are ready for the job that you have to do.
Dealing with online business and handling everything is surely challenging, so you need to be ready before you start your work.
These Helps in saving time in deciding and reducing the chances of burnout/
Plan Everything You Will Do Today
When you are planning the day, here you are also understanding which work holds more priority over what.
So it gives you time to manage the schedule according to that, for example, if you have emails to respond to, but an important meeting is on hold.
You know how to manage both so you don’t have to deal with both. This also makes sure you are not hurting productivity.
Delegate What You Can
There are a lot of things you might have that could be delegated. When you are an ecommerce business, you are carrying a lot of hats, especially if you just started.
Since your business is growing, you need to be smart with what you can do and what can be delegated.
When you are a small business, the biggest mistake you can make is taking all the work on yourself and not delegating it when you need it.
The entrepreneur feels that if they delegate the task and let others handle it, this might take control.
Notice What’s Not For You
Before you delegate the task, it’s important for you to notice what is not for you.
Even if you are running a store online, it’s not important that you deal with everything.
So if you can’t do it on your own, let others do it. Not only will you save time but also make sure you are not ruining it.
Also handling everything will lead you to do a burnout, so don’t risk it and save it from the hassle .
Limit The Distractions And Interruptions
Interruption and distraction can be caused by anything, for some owners, they are too much invested in phones or keep checking the sales, even when you don’t need to.
So put your work in focus, and notice what is causing you to feel distracted or interrupting, limit it to get rid of it.
Prioritize Your Tasks
In the world of entrepreneurship, it’s a must-have ability to prioritize.
So you know what least important work you have and which one is the most important that demands your attention.
A lot of business owners feel pressure to focus on everything as they start, so you need to be more sure about what is important.
Take Your Breaks
As an owner you need to have time for yourself, and also understand that taking a break is equally important as your work.
It’s not something you feel guilty about, especially the new owners who feel like they should invest their time and energy more instead of taking breaks.
But breaks will help you in being more productive and energetic. With this, you can focus better on work and your online store.
Determine The Productive Time
Some people are more productive and energetic. You need to be more aware of what you feel is productive.
Regardless of how important the task is, you feel more responsibility and it will affect your time management.
The key is not the effective use of time, but how it starts with your head.
As a new entrepreneur, you need to be aware that the process is not going to be easy.
So you need to set the right mind before you start the task away.
Learn When To Say No
Even though you are running an online store, it doesn’t make you responsible to do everything on your own.
So it’s important that you have an understanding of saying no when it’s not in your control.
You can delete tasks but to reduce the work, you should say no to reasonability you can’t handle.
Also, learn to prioritize, and if there is anything that might disturb you, it can be a meeting with a friend or a discussion, you can reschedule it.
Record Your Thoughts
Ideas can pop up anytime, there is no time or place. When you are an online store owner, you have to be ready to welcome new ideas.
And in order not to forget, it is best to record yourself.
You can use a notepad or cell phone.
Use the 4-1-1-1-1 Rule
You can start with this method to manage the time well. You can dedicate one hour for training the team, one to do paperwork, one hour to improve your store appearance, and one hour to plan each day.
The remaining four can be on something you need to manage such as floor and contacting your customers.
Do Changes That Suits You
There is no fixed method that can manage your time, you can always make changes and readjust what suits you.
For example, if you are having documents and files, to save time you can use color-coding. This will make it easier to check the papers without spending time on looking for them.
Use The Swiss Cheese Method
To handle the tasks which are too overwhelming for you, it can be inventory, etc. Try to break it into small tasks and spread it over several days.
Instead of getting worried about what to do, understand what results in you want in the end. With this, you can divide work easier.
Get Done With Biggest Task First
There will always be something you don’t want to do because it is too much for you, but it’s important.
So instead of doing small tasks which are not important, do this one first.
Not just your day will be much more tension-free, but you will get the work done faster.
This also helps you in removing the chances of procrastinating which is even worse for your business.
Use The Templates
To save your time, you can use the template for the documents you are creating on a daily basis such as letters, fax cover sheets, proposals, contracts, expense reports, etc.
With this, you can get your work done faster but also be more precise and correct with the documents.