EMarketer puts the growth rate of Ecommerce to be about 17% annually. The popularity of dropshipping is also expected to keep increasing. Therefore, although starting and running a part-time dropshipping business can be stressful and overwhelming, if it is done correctly, it can be a great source of alternative income. To do this, you will need to plan your time well, outsource, take advantage of automation, make sacrifices and remain focused.
Maintain Your Focus.
Since your resources and time will be divided between your main job and a part-time job, maintaining your focus is a crucial component of building a successful side hustle. Decide on what is important and put everything you have to it instead of tackling a whole array of ideas. Decide on a small niche and focus on it instead of venturing in a broad field that will leave you overwhelmed and unsuccessful.
Make sure you also find out what works for your business and stick to it. There are so many tools, and strategies for running a business but not everyone will work for your business. Since your time is limited, you do not have the option of experimenting on every strategy available in the market.
Plan Your Time Effectively.
Keeping a tight and well-planned schedule ensures that you do not waste precious time. Make sure that your fulltime job does not coincide with your dropshipping business. Organize your business so that it does not interfere with your fulltime job. Dividing your time ensures that you take care of your obligations without wasting time.
Your commute to your fulltime job can be very resourceful for your dropshipping business. You can use this time to communicate with your customers and suppliers, write product descriptions, and take orders. You can also listen to podcasts and discover ways to improve your business. Weekends are also very resourceful, so do not waste your entire weekend on unproductive activities. Set aside sometime during the weekend to work on your business but do not overwork; make sure you also relax and unwind so that you do not burn out.
Exploit The Power Of Automation.
The fact that you cannot pause your dropshipping business while doing your day job is a blessing in disguise. You may not be able to keep an eye on it, but thanks to automation, you can serve your customers even when you are not available. Automation also takes away some of the tedious daily tasks that your business needs. Automation software can sell, provide support and monitor your customers.
E-commerce entrepreneurs use automation to schedule social media posts, respond to questions from customers and even send emails. It can be an essential sales and marketing tool and also provide excellent customer support. A chatbot is one of the automation tools; it can answer basic questions, handle certain requests and provide feedback when you are not available. Automation takes away some of the pressure related to running a side business while maintaining and thriving in your day job.
Outsource Where Necessary.
It is possible to run a dropshipping business and do your day job, but it will leave you overwhelmed, tired and stretched too thin; sometimes you cannot do it all. When you try to handle everything on your own, parts of your life will automatically suffer. Balance your life by outsourcing. You can outsource the tasks you do not enjoy doing, the ones you are not good at doing or the ones you do not have time to do. Outsourcing increases your bottom line.
Dropshipping involves a lot of communication. Every customer will require time and attention from you, and this consumes a lot of time. You will need to continually keep in touch with your suppliers and also settle disputes. Failing to attend to the needs of your customers will cost you so outsourcing customer service is a smart move. It saves you time and improves your customer satisfaction.
Prioritize Your Activities.
You need to stop doing things that do not matter much if you want to run a successful part-time dropshipping business. It is okay and normal to indulge in activities you enjoy doing such as binge-watching, watching sports or spending time with friends but if you are serious about your business, then you will have to make some sacrifices.
Part of prioritization is also taking care of things that add more value to the business. For example, creating the website, the content, marketing, and researching the market are more important than designing the logo and deciding the name of your business.
The success of part-time e-commerce entrepreneurs is greatly determined by time management. Therefore choosing a business that works well with busy schedules is ideal. Dropshipping requires low time commitment compared to other online businesses.
Niels is the founder of http://Amongtech.com. He writes about technology, gadgets, tech news, and more. Contact Niels by email at Contact@Amongtech.com.