How To Be Your Own Boss – LIKE A BOSS!

One of the biggest most liberating and truly fulfilling feelings one can ever experience in a lifetime – is being your own boss. Working when you want, how you want, where you want – from anywhere in the world. That’s true freedom and true liberty!

So, if you want to start a business by becoming your own boss, but don’t know where to start, don’t worry you are not alone. Like yourself, many people would rather create work they love, constructed to fit with their own life goals.

No matter what the motivation is to be your own boss, you can start today by overcoming the bossy struggle and winning with a stellar business attitude!

A perfect real-life example of being your own boss is to see Urtasker Team and see how everyone is doing great in their niches.

Here are a few exclusive pointers and effective tips to get started and be on the road to becoming your own boss:

1. Identify Your Business Goals

Without knowing where you’re going, you will never know where to start. Identifying your business goals enables you to carve a path and a map to travel on.

Give yourself permission to explore. Be willing to look at different facets of yourself (your personality, social styles, age) and listen to your intuition. We tend to ignore intuition even though deep down we often know the truth.

Ask yourself “What gives me energy even when I’m tired?” It is important to know what your business goals entail.

Does your business seek to solve a problem by creating solutions? Are your goals based on creating tremendous value for your audiences/consumers so they can benefit from your products and services effectively?

A business plan is a great way to accomplish this. A business plan will help you gain clarity, focus, and confidence. A plan does not need to be more than one page. As you write down your goals, strategies and action steps, your business becomes real.

Ask yourself the following questions:

  • What am I building?
  • Who will I serve?
  • What is the promise I am making to my customers/clients and to myself?
  • What are my objectives, strategies and action plans (steps) to achieve my goals?

2. Create Your Future Image

It is critical that you start ‘visualizing’ your future self. If you’re vying to become your own boss, you have to have the correct business attitude. And an effective business attitude automatically entails ‘knowing yourself’, cementing your image within your own mind and that of the audiences upon which you’ll be projecting it.

Your future image relies heavily on your innovative foresight, your ability to dream, visualize and craft brand imagery, tone, voice and style that best represents your entrepreneurial purpose.

3. Know What You Can Deliver

Be realistic, practical and measured in your expectations and objectives. For example, if you’re good at graphic designing, it doesn’t necessarily mean you’ll be just as great at content writing. Know your strengths and weaknesses! Do a SWOT Analysis on your own skills set so you can identify, understand and apply what you’re good at, by delivering consistently to your clients with 100% quality work.

Here are a few ways you can accomplish this:

Do What You Know: Have you been laid off or want a change? Look at work you have done for others in the past and think about how you could package those skills and offer them as your own services or products.

Do What Others Do: Learn about other businesses that interest you. Once you have identified a business you like, emulate it.

Solve a Common Problem: Is there a gap in the market? Is there a service or product you would like to bring to the market? (Note: This is the highest risk of the three approaches.) If you choose to do this, make sure that you become a student and gain knowledge first before you spend any money.

4. Plan More With Less Resources

Planning is crucial. Without planning, you’ll be shooting darts in the dark. For example, before you spend money, find out if people will actually buy your products or services. This may be the most important thing you do.

You can do this by validating your market. In other words, who, exactly, will buy your products or services other than your family or friends? What is the size of your target market? Who are your customers? Is your product or service relevant to their everyday life? Why do they need it?

There are free resources available for planning and research. Read industry articles with data (Google the relevant industry associations) and read Census data to learn more. However, the most important way to get this information is to ask your target market/customers directly and then listen.

5. Value Time and Be Time-Focused

Time is money, and in the cutthroat world of business, it will be your most valuable asset.

If you’re aspiring to be your own boss (and a successful one), you need to treat your time (and that of others) with the utmost care, value, respect, and generosity.

Being time-focused allows you to prioritize your everyday life, invest the right amount of effort and focus on things that matter and measure your progress effectively.

A minute saved, is a minute earned. Always remember that!

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Omer Riaz December 31, 2018 0 Comments

Successfully Kickstart Your Amazon Journey!

Want to be successful as an Amazon Seller? Start your Amazon Business Journey!

Well, it’s not rocket science. If you’re looking to start a consistently profitable, self-regulating and efficiently ever-green Amazon business, there are certain elements that everyone needs to be well-versed in.

The internet age has provided a whirlwind of opportunities for every hardworking dreamer that wants to fly without wings. Much like the infamous Gold Rush of the 1800s, the world eCommerce and internet has proven to be the holy grail for visionaries and go-getters.

Hence, today, with its low barrier to entry, Amazon has quickly become one of the most popular routes to business ownership.

So, whether you want to generate a side income or eventually scale operations to make a living off your business, one of the best places to start selling your products is on Amazon!

Here are some tips on how to effectively embark on your Amazon business journey and other fundamental facets that can either make or break your Amazon business.

1. Cut Startup Costs

With rising costs, it’s become more difficult for online e-commerce business owners to boost profits while keeping prices competitive. In this type of situation, it’s easy to focus on generating more revenue, but that’s only half of the profit equation – reducing costs is the other.

In fact, reducing the operational cost of your Amazon business is the most critical aspect when it comes to maintaining a healthy, self-regulating and growing enterprise.

For Amazon business owners, the overhead costs are little as compared to running a brick-and-mortar physical store. And the best part is that there are various ways that entrepreneurs can cut online eCommerce operational costs of business, thereby boosting online revenues. One of the best ways to reduce these costs is through outsourcing.

A good Virtual Assistant can be the difference between a productive a non-productive small business. By outsourcing administrative and non-core tasks through a virtual assistant, Amazon businesses can free up their time to maximize business efforts and results, while cutting down on startup costs.

2. Cross-Referencing Selling and Cost Prices

It’s important to avoid wasting your startup costs and resources by not being careless in your pricing and selling strategies.

Take the time to amply research your product market, niche, and category.

Analyze your competitors, watch their pricing and promotions.

Read the reviews and testimonials from customers who have bought similar products like the one you’re selling via your Amazon listing.

Cross-reference the selling price with the cost price to you, ensure there’s a healthy margin of difference between the two, so that you make the profit when a unit is sold, instead of merely breaking even or worse suffering loss!

3. Utilize the Power of Amazon FBA Calculator

If you’re looking to be successful on Amazon, it is important to understand the beauty of FBA. Amazon offers great quality and delivery, which is why consumers are so loyal to the company.

Having Amazon on your side, organizing orders and handling behind-the-scenes work through Fulfillment by Amazon will undoubtedly attract more buyers and boost your sales.

Now, it is utmost crucial to keep calculating these fees both before you sign up for this service but also over the course of the selling process in order to ensure that FBA is still profitable for you.

The main things you should be keeping track of include:

  • ‘Starting costs’ including shipping, photos, samples
  • ‘Changing costs’ including FBA fees and returns
  • ‘Marketing costs’ including paying for clicks and ad campaigns

4. Don’t Worry About Big Branding

As a startup Amazon business, you don’t need to concern yourself at this stage with big branding.

Focus on the important things such as sourcing the product, quality, customer service, PPC, copywriting a powerful Product Listing, and a seamless buying experience for the customer.

Those are key and fundamental areas which form the very basis of your business at its early startup stages, and you need to constantly remind yourself of that truth!

Big branding can always come later – if the need ever be. Right now focus on your strengths, work on your weakness, outsource work to an experienced Virtual Assistant agency and divert your resources + energy to growing your business, keeping customers happy and getting positive feedback!

5. Improve Your Bestseller Ranking

And last but not least, it is utterly critical that you understand the importance and crucial role of rankings on Amazon. They are the money shot! They are what can make or break a great product and prevent you from earning profits that could have been rightly yours!

Fill out as much of your product listing page as possible, using as many keywords as possible. Use FBA to automate customer satisfaction. Find ways to encourage customer reviews, engage with a happy or disgruntled customer by being honest and sincere, and do everything you can to keep your customers satisfied at all times. Above all:

More sales = higher rankings = more sales!

That’s the cycle.

Moreover, ranking on Amazon is easier than ranking on Google because you’re essentially cutting the work in half. They only use internal factors to determine how a product ranks. Backlinks, social media, domain authority. These are all things you don’t need to worry about on Amazon.

Good luck then for your Amazon business journey. 🙂

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Omer Riaz December 19, 2018 0 Comments

Are You Doing Great As An Online Marketer?

As a marketer online, you’ll offer fin tod yourselves questioning whether or not you’re doing great in your field. However, it all boils down to marketing intelligence in the end. Do you have it?

Your ‘marketing intelligence’ acts as a ceiling that limits the growth of your wealth. As you raise your marketing intelligence, you raise the ceiling on what’s financially possible for you. Your marketing intelligence sets the context for your investment success – or lack thereof.

A little known fact about marketing intelligence is that it grows and compounds just like money. The effect is a ‘multiplicative’ one – not an additive one. Each new tidbit of information connects to all the other knowledge which multiplies. It doesn’t just add up, but it grows geometrically by multiplying.

As an online marketer, your goal should be to make regular knowledge-deposits every week into your marketing intelligence account, just like you make monthly deposits into your investment accounts.

When you do this, your marketing intelligence will multiply and grow ahead of the growth in your investment accounts to help create a lifetime of financial security.

Here are some crucial guidelines and important tips to successfully increase your marketing intelligence and be the best darn marketer out there!

1. Know Your Marketing Role

This is very important. You cannot market your products and services ( or that of your clients) to prospective consumers and global audiences if you don’t (or fail to) understand your fundamental role.

As an online marketer, you need to understand that Marketing plays an important role in establishing relationships between customers and the organizations offering to the market. The marketing function is also tasked with the branding of the organization, participation in publicity activities, advertising and customer interaction through feedback collection.

2. Learn Marketing Strategies

Knowledge is power. And ignorance is not bliss! Keeping this golden life formula in mind, no matter how skilled or experienced you think you are as a marketer, it is important to continually learn, develop, cement and enhance marketing strategies in an ever-evolving and cutthroat competitive industry.

Attend webinars, seminars, conferences, masterminds. Read books, listen to podcasts and do your research in learning as much as you can. Be hungry for learning!

3. Build Your Skills and Grow Your Portfolio

As a marketing specialist, your foremost goal should be to be the best at what you do.

Marketing is a science; it uses human psychology, buying trends, consumer behavior, social dynamics and many other elements in order to successfully convey the value proposition of a product or service to prospective buyers.

You need to be able to build such skills on a constant basis, through consistent polishing and enhancement. Invest in courses, learning materials and attend classes if you must!

Grow your portfolio by reaching out to clients online and offline, and offering free work in return for a testimonial. That is how you grow and amplify your worth as a marketer!

4. Start With Smaller Projects

Build your momentum by taking on smaller projects and working your way up the ladder.

Taking on smaller tasks and projects makes it more digestible for you, enabling you to concentrate your focus and key skills in a measured and effective way, rather than succumbing to intimidation and overwhelm with bigger projects right away.

5. Never Stop Learning

Marketing and the ability to persuade people to ‘act’ on what you’re saying about your product, service or value proposition – is about pulling at the strings of the heart.

Human beings are emotional creatures. They love stories, as it helps them visualize possibilities beyond their imagination. It helps them come out of their mental comfort zones. It inspires them and evokes the desire to act.

Hence, the need to learn such marketing fundamental, storytelling, persuasive techniques, and psychological triggers are the utmost key!

Yes, you will make mistakes along the way, but failures and pitfalls are all part of the learning process! Sooner or later, you’ll begin to see a massive difference and start to reap the benefits of all that learning and knowledge!

On a final note, online marketing is a great but difficult tool to handle. Urtasker is doing great in its online marketing strategies and hence is one of the best online marketers for delivering Virtual Assistant Services and Amazon Listing Optimization Services.

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Omer Riaz December 17, 2018 0 Comments

Serious Mistakes That Will Breakdown Your Business!

Everyone makes mistakes, and it’s no different for entrepreneurs either launching a new business or already running one. Getting a little tripped up here and it is natural, but for an online business or eCommerce seller, even little errors can become severely costly down the line.

So, what do you do?

You plan and preemptively prepare yourself so that you can easily navigate the business highway and reach your destination, without taking the wrong exits or worse – crashing into something!

Here are some critical business mistakes you can start avoiding today – for both short and long term of your entrepreneurial life cycle and online business journey:

1. Outsource What You Can’t Manage

Whether you’re a small business online or offline, you can never overlook the importance of getting an “extra set of hands” to take the burden off you! As a business owner, there is sometimes a lack of self-awareness. Entrepreneurs sometimes fall into the habit of micromanaging and not delegating or outsourcing work they can’t handle.

They try to do everything that they possibly can to cut costs, but really, in the long run, they should have outsourced the things that they are not good at and focused on their strengths. If you are aiming for multiple targets at once, you are very unlikely to hit one!

2. Automate Important Functions

In the world of online business and eCommerce, automation plays a crucial role. When you’re dealing with thousands of people worth of traffic and operating on the level of a global audience, automation makes your life easier. It helps to systemize and mechanize vital areas such as emails, sales funneling, lead capturing and so on. Once such areas are set in place through an automated system, your business becomes self-regulating and you can focus on other important things to grow and scale.

3. Offer Services Instead of Products

The benefits of offering services over products is the beauty of ‘intangibility’. You don’t need to manufacture units, warehouse them, ship or distribute them, or worry about refunds and exchanges. Otherwise, all of which can take tons of your time effort, money, and resources.

In the world of online business, services can be easier to scale and influence your customers worldwide – devoid of boundaries and borders, with the lesser hassle and physical framework required.

4. Ignore the Haters

“Haters are going to hate”, as the saying goes! People hate because they cannot digest other people’s success; it hurts their ego and makes them feel lesser knowing they’ve not done as well as someone else. Hence, they vent their frustration in anger, fueled by jealousy and powered by insecurity. Let them be.

You have an empire to build, dreams to fulfill and a legacy to create. Their hate only makes them small. Your ambition only makes you big! So keep focusing on what’s important and ignore the haters.

5. Implement Market Segmentation

This is one of those critical business mistakes that many business owners ignore and hence suffer tremendously down the road. Market segmentation is the process of dividing a market of potential customers into groups, or segments, based on different characteristics.

The segments created are composed of consumers who will respond similarly to marketing strategies and who share traits such as similar interests, needs, or locations.

Knowing, applying and benefiting from Market Segmentation strategies is key in growing your business and targeting critical demographics that respond the best to your services.

6. Be Timely and Be Responsive

Time is money for any business. And for consumers, time is an image.
Just as responding and tackling everyday business situations in a timely + responsive manner is crucial in upholding the health and stability of your business, so is timeliness and responsiveness when dealing with your customers.

It is very important to be timely, efficient, responsive and empathetic in all your business dealings within your company (your employees, stakeholders, etc) and outside it (your vendors, customers, and contractors)

7. Market Research

Operating a business without market research is like shooting darts in the dark. Market research. It is essentially the process that links the producers, customers, and end-users to a company through information used to identify and define marketing opportunities and problems.

It enables a business owner to generate, refine, and evaluate marketing actions; monitor marketing performance; and improve understanding of marketing as a process. Not having solid market research in place is one of the gravest of business mistakes you can commit.

8. Be Market-Competitive in Your Services

Your services are your biggest asset. Treat them like gold. And that means offering market-competitive pricing, value, and quality to your prospective customers. Being market-competitive in your services is critical in getting ahead of your competitors and being ‘visible’ to prospective clients or customers in a consistent manner.

If you want to learn from a live example, look Urtasker as the best example for successful business management.

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Omer Riaz December 13, 2018 0 Comments

Protect Your Amazon Seller Account from Amazon Hackers

Every day, Amazon becomes more and more sophisticated. From the way you purchase to selling items, Amazon is working every day to make sure your Amazon experience is the best it can be. Unfortunately, third-party Amazon Hackers are working tirelessly to steal from your personal Amazon account, along with your Amazon seller account. Even though Amazon is working to protect your account and your Amazon seller account, there are countless things you can personally do to make sure your Amazon seller account is adequately protected from third-party hackers.

What are Third-Party Amazon Hackers?

Before you can protect yourself, you must have an understanding of what a third party Amazon hacker is. Third-party Amazon hackers are individuals, or organizations, that attack Amazon seller accounts, along with personal accounts, to gain valuable information. This information they are aggressively seeking out can result in losses of hundreds of thousands of dollars. There are a few common ways that hackers try to attack accounts to steal money.

Traditional Hacking Techniques

A common way third-party Amazon seller hackers attack Amazon seller accounts is through traditional hacking techniques. These techniques include finding basic information about a specific Amazon seller account and using that information to break into accounts. If they can successfully log into your account, they will be able to take money, credit card information, and information from your current customers. The best way to protect yourself from this type of hacking technique is to make sure you choose sophisticated account information. Rather than making your account information related to you as an individual, you should make your account login information extensive and unrelated to you or your company.

Also, make sure that you are using unique emails and passwords for all your accounts for all the platforms you use. Even though hackers may still be able to guess your account information, this technique will deter them from going after your account.

Impersonation of Existing Amazon Seller Accounts

Another common way hackers will attack your Amazon seller account is by aggressively impersonating your Amazon seller account. From taking your product pictures and descriptions to stealing your logo and brand name, hackers will imitate you. They hope that individuals will not notice the difference when they are searching for products. If an individual purchase a product from the imitation page, the hackers will take that money and not send them the desired product. They will also use information that the buyer submitted to try to hack the buyer’s accounts too. Not only will this harm your potential customers, but it will also harm your brand. If this were to happen too often, people might perceive your brand as the brand that scams and takes money from people, or other collective assumptions that will deter people from purchasing from you. This will ultimately damage your reputation and negatively affect your revenue.

The best way to combat this hacker strategy is to monitor your Amazon seller account. You must monitor product title changes, bestseller ranking, product suppressions, and many other factors. Even though aggressive monitoring is a 24/7 job, it must be done to make sure your brand and Amazon seller is protected. Fortunately, many will help you monitor your account for you. We at AMZAlert is dedicated to making sure that your Amazon seller account is being monitored at all times. We will look around the clock for hackers, hijackers, product suppressions, and other malicious activities that may harm your account. Not only will we monitor your account, but we will do so at a competitive price. Coming in 3 different price points, our Amazon monitoring packages are determined to help you monitor and protect your Amazon seller account.

Be Aware of your Amazon Seller Account

There are thousands of hackers that are on the prowl to find poorly guarded amazon seller accounts. Even though knowing common hacker techniques and understanding impersonation techniques will help you protect your account, the best way to protect your account is to simply, be aware. Despite the fact that using an Amazon monitoring program will do most of the job for you, periodically checking in your account, your competitor’s accounts, and your products will help you tremendously. Many people think that once you set up an account, you can sit back and watch the sales come in. However, setting up your account is only the beginning of your new job. Meet and exceed your bottom line with AMZAlert! They have even decided to offer 50% off of their services with coupon code “AMZ50OFF” when signing up! Click Here for 10 Day Free Trial

AUTHOR: AMZALERT

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Omer Riaz December 3, 2018 0 Comments

How to Successfully Ensure Online Business Management

Overview

Being associated in the online business management or an e-commerce seller means one needs to give more detailed thought into how the business is going to be managed on a day to day basis. This will invariably depend on individual circumstances, resources, time constraints, overall objectives, preferences as well as service and production needs.

Regardless of the parameters, one thing is certain: online business owners crucially ‘need’ to plan and manage resources effectively, to ensure continued profits, growth and consistent success.

For any online business management, outsourcing and managed services are two online business strategies that play a critical role in the smooth functioning of any online business.

Perception

Most entrepreneurs have great talents but (often) think they can do it all. When managing an online business, however, owners often lack expertise or interest in a specific area. This is not necessarily a bad thing and more often than not, business owners can build a better business with outsourcing.

Over the years, people’s perception of outsourcing has changed dramatically. In the past, outsourcing was seen as something only attainable to ‘big businesses’ that require certain skills but wanted to avoid adding overall headcount. With the internet, however, came global connectivity which has fundamentally changed the way and extent to which both large and small businesses outsource.

Virtual Assistants

There is no doubt that outsourcing to Virtual Assistants and Virtual Assistant Agencies is an attractive online business strategy with plenty of benefits to be had for small businesses and website owners alike. Embedding a well-defined, sustainable outsourced model helps free up management/owner time, which is often better spent working on more strategic elements of the business. In essence, outsourcing helps internet businesses remain agile, whilst contractors benefit from freedom and mobility.

Not only this, but rates for contractors and virtual assistants are often much lower than web owner are able to pay in their home country. In short, well-structured virtual teams can help cut overhead costs.

Striking the Right Balance

That being said, whilst putting together well-structured virtual teams of assistants, creates a level of flexibility and efficiency that is unlikely to be achieved any other way, pulling together the right team with the right skills at the right time requires detailed planning. Finding the right balance takes time, trust and patience.

Hence, therefore Urtasker – a globally renowned New-York based Virtual Assistant Agency believes that the revenue your business makes is for you to keep. But the costs your business incurs are for you to reduce! They go hand in hand, and a successful eCommerce or online business knows that! The benefits of effective outsourcing online business strategies are countless for ensuring successful online business management – consistently!

One of those benefits is pretty obvious to start off: You will not have to pay any sick leave, casual leave, or any other retirement benefit to your virtual assistant. You just pay for the time your virtual assistant works for. No work means no money! Simple!

The Power of Embracing Change

Embracing change and converting your weak areas into strong points is the success formula for any online business management approach. With virtual assistants, you can bridge the skill gap in your small business. Gone are the days when virtual assistants used to be only simple remote workers. Now, they are skilled professionals and can do a wide range of tasks.

Whether you need someone to manage social media or somebody to conduct product research for Amazon, Shopify or eBay, you can easily hire a virtual assistant for the same.

Track, Monitor and Improve

When a virtual assistant is on-boarded, the process doesn’t end. It is important to manage a virtual team effectively, to ensure that pre-agreed milestones are hit and work is to sufficient quality. It is important to organize regular briefings, status reviews as well as screen shares to review work. Keeping in regular contact will not only provide reassurance but will help to strengthen the relationship, paying dividends down the line.

Conclusively, utilizing the unwavering wonders of a Virtual Assistant effectively and proactively in the right manner, via the correct strategic online business management approach can bring innumerable dividends to your small business both in the short and long run of things.

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Omer Riaz October 28, 2018 0 Comments

What to Do When You’re About to Stockout

As an Amazon seller, one of the last things you want to experience is a stockout. After all, the consequences are dire. You risk losing sales, the Buy Box, and SEO rank and your account could be put on hold, or worse, suspended altogether. The result of all of this is lost revenue and slow to no growth while your competitors win all of your business.

Coming back from a stockout takes a lot of time and effort, but thankfully there are ways to prevent one. And even if your inventory levels are nearing zero, you can fulfill every last order so long as you’re prepared. With that, here are 5 things to do when you’re about to stockout:

Order More Inventory

Before you do anything, you need to order more inventory, keeping two important factors in mind: how much to order and when you’ll need it. If an order is already in the works, check the status of it so you know when you’ll actually have the product in-hand. Either way, don’t be surprised if you have to rush the order and, as a result, pay a rush fee.

Slow Your Own Sales

One way to prevent an Amazon stockout is to slow your own sales. While it may seem counterintuitive to inhibit the growth of your business, doing so is only temporary and will decrease your chances of experiencing a stockout (which is arguably more detrimental to your growth than a brief lull in sales).

The two most common ways to slow down sales are pausing promotions and changing the price.

  • Pausing promotions: Do you have an advertising or online marketing, either on Amazon, through your social media accounts, etc.? If so, stop running them until you’re back in stock.
  • Changing price: You may be flying through inventory because you offer the best price. Increasing it should help slow sales. Just don’t forget to readjust once you’ve replenished your stock.

Re-evaluate Your Inventory Management Strategy

Do you have an inventory management strategy? If so, you may need to re-evaluate it. If not, now is the time to put one together.

Your inventory management strategy factors in a variety of data points — such as your sales history and sales velocity — to determine how much inventory you should have on hand at a given time plus when and how much to re-order. You’ll also be able to set alerts so when you hit a certain point, you’ll be reminded to place a new order.

For help figuring out this information, check your inventory reports in Seller Central or consider using a third-party inventory management tool.

Invest in Buffer Stock

Buffer stock is an extra supply of inventory to use in case of emergencies — i.e. if an unexpected surge in sales is emptying your shelves, you’ll have enough “buffer” product to fulfill orders until you’re able to replenish your everyday supply.

So how big should your buffer stock order be? While some sellers opt for 10% of their typical order, some keep a stash of about ~500-1,000 units. Or, you can calculate how many units you sell in the time it takes your supplier to get you a new order. At the end of the day, it really depends on your budget and sales volume.

Increase Cash Flow

Thanks to Amazon’s two-week payment delay, it’s difficult to maintain a steady source of cash. But cash is vital in business, especially when you need to order inventory. To help you achieve reliable and daily access to cash, check out Payability, a financing company for marketplace sellers.

Payability offers two cash flow solutions depending on your needs. With their Instant Advance option, Payability buys a certain amount of your future receivables at a discount, giving you a large lump sum of cash. With Instant Access, they pay you your Amazon income one business day after making a sale; not only that, you could use their new Seller Card to access your funds even sooner.

Payability has helped thousands of marketplace sellers maximize cash flow, stay in stock, and grow their businesses. In fact, this Amazon seller uses Payability to buy more inventory and sell it faster. To see how you can use daily cash access to avoid a stockout, turn inventory more quickly, and grow your business, visit go.payability.com/Urtasker to learn more.

New Payability customers referred by Urtasker will receive a $250 sign-on bonus. Follow the Payability Facebook and Payability Twitter for the latest e-commerce updates. Let them help you during your business stockout.

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Omer Riaz October 24, 2018 0 Comments

How to Reduce Operational Costs of Your Ecommerce Business

Overview

Let’s be honest: we’re all in business to make money. A startup always has a question “What is the operational cost of business?”

E-commerce is one of the best and most effective ways to earn windfall returns on investment. The online platform offers the perfect tool to attract a great number of qualified leads. The digital arena is full of online marketing tools that can be harnessed to generate a large number of online leads. Social media advertising, search engine optimization, online forums, press release sites, and business directories are just some of the few online tools that can be used to funnel the maximum number of visitors to the site.

However, these tools and resources are just one of the many areas necessary to keep fueling your business machine. And you need more than one pair of hands for that!

The Challenge

With rising costs, it’s become more difficult for online e-commerce business owners to boost profits while keeping prices competitive. In this type of situation, it’s easy to focus on generating more revenue, but that’s only half of the profit equation – reducing costs is the other.

In fact, reducing the operational cost of business is the most critical aspect when it comes to maintaining a healthy, self-regulating and growing enterprise.

For e-commerce business owners, the overhead costs are little as compared to running a brick-and-mortar physical store. And the best part is that there are various ways that entrepreneurs can cut online eCommerce operational costs of business, thereby boosting online revenues.

Here are some critical tips to help reduce operational costs on your e-commerce business – consistently:

Hiring Virtual Assistants

Unquestionably virtual assistants are a great way to reduce operating costs for running your business. Why?

Well. Aren’t the operational costs of business one of the biggest things small business owners always worry about? Compared to a regular or full-time employee, a virtual assistant cost less because the business owner does not pay benefits.

A good virtual assistant can be the difference between a productive a non-productive small business. By outsourcing administrative and non-core tasks through a virtual assistant, small businesses free up their time to maximize business efforts – and results!

But the question is what traits you should be found in a VA that perfectly match with your business need? No hassle. Use some Pro Tips that you should keep in mind before hiring a VA.

Streamlining Supply Chain Management

Streamlining supply chain and distribution process is one of the best ways to reduce operational costs.

What does this mean? It means that incorporating supply chain management measures such Just in Time Inventory (stocking just the required products), integrated supply chain methods, vendor managed inventory are some of the ways online e-commerce companies can streamline their supply chain process and earn above-average return on investment.

Overseeing Routine Inventory Checks

Regular tallying of inventory helps in reducing eCommerce operational costs of business. Inventory counting allows firms to determine which products can be offered to the customers at a discount, and which products need to be replaced.

By combining accurate inventory count with sales trend software, eCommerce businesses can also find out sales patterns that will guide them in placing orders in the future.

Getting Rid of Excess Merchandise

Another great way to save eCommerce operational costs of business is to eliminate excess merchandise. Storing inventory takes up additional space that incurs costs. Eliminating excess merchandise can help in reducing storage costs.

Some of the ways that unwanted merchandise can be eliminated include offering the merchandise at a discounted price. Bundling the items together and offering to the physical brick and mortar seller. And donating excess inventory to charity thereby benefiting from a tax write off.

Moreover, Product Research is a must before that can never compromise at any cost, regardless of the current level of your business.

Conclusively, It may indeed be a mission and a half (translation: very difficult) to keep track of merchandise and inventory when you’re trying to run a business, grow and profit – as a business owner. Therefore outsourcing such tasks to a reputed Virtual Assistant Agency is critical.

The goal – for any serious e-commerce business owner – is always growing, flourishing, bolstering and scaling to newer, bigger heights. A business that doesn’t scale, is like a flower that never grows!

It is easy to scale up with virtual assistants managing aspects of your business, including the many we’ve discussed above.

And if you hire a virtual assistant from a different time zone, your business will be 24/7 online. As virtual assistants are skilled professionals, you will spend less/no time for training. Virtual assistants always reduce the operational cost of business and give you relief from long-hours shifting.

Moreover, Virtual Assistants hold no Legal ramifications or Human Resources regulations to abide by, contrary to when you physically hire an employee to work in-house. This means you can simply pay the VA or the VA agency as you go. You can end the contract at any time without any HR regulations or legal consequences to worry about.

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Omer Riaz October 22, 2018 0 Comments

How Amazon Sellers can Sell Successfully in Q4

Overview

As the saying goes in the world of business: “You miss 100% of the shots you don’t take”.
Opportunity is the ‘biggest’ currency (even bigger than the actual revenue made) for any successful Amazon Seller worth their salt. Those that miss out on opportunities by not utilizing the ‘money’ of time, lose out on more in the short and long run of things.
Amazon’s coveted Prime Day came like a thunder and went away like the summer. This leaves Amazon Sellers focusing on 2018’s most vital quarter: Q4
Therefore, more than ever, a successful Amazon business in Q4 will need to leverage the power of Virtual Assistants to delegate work, enhance productivity and skyrocket profits!

Competing by Maximizing Opportunity

The Q4 holiday shopping rush is the open-season for driven and goal-oriented sellers.
This is because Black Friday and Cyber Monday hold strong potential every year for boosting sales and unparalleled revenues – IF the ‘opportunity’ is embraced the right way.
So how does one effectively and successfully competitive marketplace during the most competitive season of the year? Capitalize on the fourth quarter is difficult.

Luckily, there are tools and strategies you can use to do just that.

To make sure you’re prepared and ready for every growth opportunity Q4 has to offer, we’re sharing a few suggestions and tips:

Setting Up Reorder Alerts

Setting up reorder alerts will ensure that the supply is always up to date. This saves undue delay in fulfilling customer orders – particularly during a busy Q4 season.
In addition, you don’t have to refund amounts submitted by the customers due to being out of stock.
It is critical to stock up for high selling seasonal items in Q4; you need to be on top of the game and let your virtual assistant coordinate / oversee and regulate the stocking, merchandising and reorder alerts process.

It will save you a ton of time and enable you to focus on what matters the most for your business i.e. making money in Q4!

Harnessing the Power of Effective Marketing Channels

It often takes a lot of money to market your business online. Whether you’re using PPC, SEO, email, social media (or all of them) to promote your Amazon Product Pages, one of the best ways to save is using web analytics to identify which marketing channels are the most impactful.

To do so, use your web analytics tool to see where traffic is coming from and what visitors do once they get to your site.
For example, if you’re spending a lot on a specific PPC campaign, only to realize that traffic from this campaign never converts, you can use your marketing dollars more efficiently by removing or optimizing this effort. In other words, focus your marketing on what works and train your VAs for social media marketing.

Keep Updated on Future Pricing and Rankings

It is inevitable for sales to increase in Q4, but that shouldn’t be taken for granted because it means you need to stock up on even more inventory.

To ensure that this entire process is effective, smooth and hiccup-free, it is strongly advised that you check and adjust your prices regularly with the help of your Virtual Assistant.

When selecting items for stocking up on, evaluate meticulously as to how these items rank and what their prices entail for Q4.

Seasonable items by their very nature always bolster and hike in their respective prices and rankings during the holiday shopping mayhem!

Remember we talked about the power of embracing ‘opportunities’ earlier in the article above? Well. This is a great opportunity to buy inventory at a low price and sell high.

Moreover, keep in mind that it is critical to reevaluate and readjust your prices regularly throughout Q4. While your competitors stock out and the last-minute demand for holiday gifts rises, you may be able to enjoy higher profit margins.

Retain Current Customers

Acquiring a customer costs 7 times more than it does to keep one, which means you should focus on customer retention through quality customer service and customer communications.

This includes delivering on your promises and keeping customers interested in your business by sending emails and engaging them through social media.
As an added perk, as you build customer loyalty, these fans will begin sharing your business with their networks, which is the most affordable and effective way to drive new business to your store.

Switch to FBA and Polish Your Amazon Product Listings

It is human nature to wait until the last day before jumping on the ‘bandwagon’. Make use of this innate human tendency! Online consumers and shoppers love 2-day shipping, and some wait until last day to order.

To take full advantage of the holiday season, it is a good time for FBM sellers to switch from FBM to FBA. In fact, with its low barrier to entry, Amazon FBA is one of the most popular routes to business ownership.

Moreover, not only will 2-day shipping result in more paying customers, but it will also free up more of your time, so you can concentrate even more on scaling your Amazon business during the biggest quarter of the year Q4.

As for the Product Listing goes, keep in mind that your Amazon Listing is your digital face on the world-wide map! It is the gate to your revenue. If the gate is shut or doesn’t open properly, the money will not pour in!

To maximize the power of your product listing, ensure that the negative reviews or the complete lack of reviews are taken care of on your listing page. Both are equally lethal!

Consequentially, don’t be an ostrich by ignoring the problem. Ensure that you respond to all negative reviews and do what you can to get them removed – as soon as possible. The longer time they stay on your listing page, the more prospective buyers will visibly see them and be dissuaded by them! You can use tools to get higher rankings and more product reviews.

It is critical to use the highest, most potent, popularly searched and best keywords, with strong photos that are compliant with Amazon’s standards. It is imperative to also make sure that your product descriptions are accurate and up-to-date. This can help drive more sales and even prevent returns come January.

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Omer Riaz October 17, 2018 0 Comments

Thomas Hamilton

Learn how Thomas Hamilton used Urtasker to grow his business.

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urtasker September 12, 2018 0 Comments