This is a contributed post by Ellie Jo on how outsourcing can help your small business.
In this article, we’ll show you how outsourcing can help you grow your e-commerce business. Outsourcing saves time so you can focus on what matters most. Growing your business.
1 Outsourced Accounting
Outsource accounting to a company that specializes in your industry. This let’s you focus on other aspects of running an eCommerce business. Whether it’s payroll or bookkeeping, outsourcing allows you to have control over the process still but without all the extra work. If your business sells clothes and has its clothing line, outsource accounts payable so you can worry about selling clothes. By outsourcing accounting, you also have less employees that you need to focus on, and the human resource and legal issues with having employees.
2 Outsourced Merchant Services
Many eCommerce entrepreneurs started their business because they have a passion for the products or services they offer. However, when it comes to taking payments, that’s not always the case. Dealing with merchant accounts, chargebacks, and other related issues can be frustrating and time-consuming. That’s why it’s a good idea to outsource these services to an experienced company while you focus on growing your business. When choosing a merchant services provider, be sure to ask about their experience in handling eCommerce businesses. Many providers are geared towards brick-and-mortar stores. As a result, they may not have the same level of knowledge regarding online sales.
3 Outsourced Marketing
Marketing is an integral part of running a successful eCommerce business. It’s especially crucial to pay attention to marketing when trying to gain traction in your industry. It can be difficult for entrepreneurs who are just starting. Outsourcing allows you the freedom and time necessary to focus on other areas that will help grow your company. Someone else handles social media promotion, email campaigns or SEO efforts, etc. If you’re not sure where to start with outsourcing your marketing, then find a provider specializing in helping eCommerce companies get found online using tools like SEMrush, which allows you to see what keywords people are searching for so you know how best to promote yourself online through search engines.
4 Outsourced Fulfilment
If your business is growing, you will hopefully eventually exceed the ability for you to personally process and fulfill orders. Consider outsourcing fulfillment services like inventory storage or drop shipping so that another company ships out orders. At the same time, you focus on what matters most – sales. Many eCommerce entrepreneurs choose to work with third-party providers. These third parties take care of all aspects of an order from pick-and-pack through delivery, making it easier to scale their businesses while maintaining high levels of customer service and convenience.
Outsourcing can help grow small businesses into significant players in their industry. There is no need for every person involved in the business to have experience in each area since they might not be the best at specific tasks.
Greg is a Chartered Financial Analyst (CFA) with 22+ years experience in Financial Services. He has held numerous FINRA Securities licenses (series 7, 63, 65, and 66), and is an expert on Investment Products and Financial Planning. Greg has 22+ years experience as a real estate investor and degrees in Psychology and Philosophy.
Greg has been quoted/interviewed in Yahoo Money, Yahoo Finance, USA Today, Authority Magazine, Realtor.com, Business Insider, and others.
Greg is an avid runner, and the father to identical twin girls and their awesome brother. His love of budgeting and his kids led him to join The Great Resignation in 2021.
Disclaimer: Any Financial Tips on ChaChingQueen are general and informational. Speak with a professional about your specific situation.