Guest post by Kev from LifeSuccessEngineer
In today’s post, I wanted to share ways that you can automate your online arbitrage operations. This will be of particular interest to anyone starting out with their Amazon business.
The process of buying low and selling high has is one of the best and easiest ways to getting started online but the process of automation and outsourcing becomes a little more difficult.
Here’s a beginner’s guide to outsourcing and automation in five simple steps.
1. Always Think in Terms Of Time!
When it comes to automation and outsourcing, time is what you are trying to save. The more you can get done in the same amount of time allows you to get more work done.
2. Spilt Your Business up Into Stages
Online arbitrage, private label or any other Amazon business are business models that can be easily split into stages. For example:
- Stage 1 – Sourcing
- Stage 2 – Reviewing
- Stage 3 – Purchasing
- Stage 4 – Amazon Seller Central
This really allows you to focus in on what the different components are to a business.
3. Split the Stages into Tasks
Now you have each stage decided, you can list all the different individual tasks under each stage. This will allow you to see all the different tasks that make up your business. Clarity is power and the organisation you need to make a start at outsourcing.
4. Assign Times & Cost to Each Task
Note down the time it takes you for each task as you go through your operations. Also note down the cost it would be to your business. This gives you a clear idea where you are spending all your time but also what the cost would be if you were to recruit a virtual assistant or employee.
5. Start Outsourcing the Most Time Consuming & Cost-Effective Tasks
Depending on your revenue and your profits in your business, start to recruit and outsource where it makes sense for you in your business.
That’s it! I hope this blog post has been useful! Want more free Amazon training? Here you go!
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