Managing a Small Electronics Company
Whether you sell mobile phones, fitness trackers, or even fancy alarm clocks, the small electronics industry has never been in a better place. If you’ve recently opened an ecommerce-based electronics shop, or if you are considering doing so in the near future, the tips below are sure to help you make better decisions as your business continues to grow.
Don’t Hire More Employees Yet
As your business starts to pick up, you are going to inevitably find yourself working harder and longer to ship out the influx of orders you receive. This is wonderful because it means you’re making money, but at the same time, it takes away from your ability to do anything else. Not only do you miss time with friends and family, but you also have less time to focus on growth. Your marketing efforts will likely fall to the wayside, and that can really hurt your business.
Don’t immediately hire someone to help you with your orders, though; instead, think about hiring an order fulfillment company. Think about it like this: your business is only going to continue to grow, and there will come a point when you are no longer able to store all your inventory on site. At this point, you’ll need a storage facility, and you’ll likely spend much of your time there – unless you hire an employee or two. This can get expensive, and it gets expensive fast. It’s often better to outsource everything from inventory storage and management to order fulfillment to an outside expert.
You Have to Spend Money to Save Money
If there’s one thing that can be said about a small electronics business, it’s that you will have to spend money if you want to save it in the future as your business grows. Shipping is an expense. Storage is an expense. Hiring employees is an expense. Even hiring an order fulfillment company is an expense, but in this case, the expense is worth it. You won’t have to find a warehouse, you won’t have to hire employees, and you won’t have to constantly search for cheaper shipping options just to keep yourself afloat. All this will be done for you, and the best part is that you’ll have time.
By outsourcing the logistics associated with your small electronics business, you will gain precious time that you can spend planning your next marketing campaign, A/B testing your current campaign, making YouTube videos to show off your newest products, and even interacting with your customers on Facebook and Instagram – something that truly sets you apart from your competitors. The sooner you can start these things, the faster your business will grow, and though it really is an investment at first, you will see a return quickly.
Small electronics ecommerce can be incredibly satisfying and profitable, but only when you have the time to really focus on it and make it so. That’s exactly why you should consider hiring an order fulfillment company as your business continues to grow. When you can remove the logistics from your shoulders, other doors begin to open and you can go from small business to success in no time at all.