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How to Take Your eCommerce or eBay Business Full-Time in 2019

Friday 22nd February 2019

So, you have an eCommerce or eBay business that has been giving you a little extra income each month, and that’s great, but you’re ready to step it up and make it your full-time gig this year. You’ve put in the hard work spending all hours of the day at your day job or at home filling orders, but it’s time to be your own boss.

However, taking that leap is scary. Even if you don’t need the income your job provides, it’s incredibly difficult to let that security go, and the finances aren’t the only thing about going full-time that makes people hesitate.

Going full-time in your own business can be one of the most exhilarating and best things you can do for yourself – and no one who hasn’t done it can understand. So, to help you prepare you to make the big leap this year, we’ve gathered some of our best tips for growing your business this year and ways to overcome your fears.

You’re Scared You Won’t Have Enough Money

Only you can truly figure out how you can overcome this hurdle since there are so many different financial circumstances, but this is a fear you’re going to have to come to live with. Unless you have a huge amount of money in the bank to fall back on, you’ll likely never completely lose this feeling, even when things are going fantastically well.

The best thing to do work out the minimum amount of money you need each month just to cover living and business costs, and work to get your revenue to this amount before you quit. Save a buffer if you can: however much you can for as long as you can. Set yourself a deadline for giving your notice and do your best to stick with it: even if it feels a little too soon. The feeling of needing to hustle will spur you on. Many people regret hanging on to a job they didn’t enjoy for safety when their own business wasn’t able to grow until they went full-time, so use this fear to spur you forward.

Selling on Ebay and Amazon

Selling on Ebay and Amazon

You Like Going Out To Work

You don’t need to be embarrassed that you aren’t interested in the working-from-home dream. Believe it or not, there are ways to keep that feeling of getting up and going out to work in the morning without overstretching your budget to maintain a lease on a huge office and storage space you won’t be able to fill. Big Padlock Self Storage offers offices with storage space attached; which is absolutely perfect for growing eCommerce and eBay businesses. They have a range of sizes available so you can move up as your business grows. Having premises separate to your home will encourage you to take your business seriously, if that is a concern for you.

If it’s just a case of getting out of the house regularly (because suddenly becoming a hermit is more difficult than it sounds) then make an effort to go out once a day to see other humans. Take your laptop to a coffee shop to work there, go to the gym, join a club, or there are also communal workspaces where you can go to work and potentially meet other small business owners and entrepreneurs.

You Don’t Have Enough Room for Your Stock

This is a good thing. Why? Well, hopefully, it means that you’re filling a large enough volume of orders that you need more in order to never sell out. If that’s not the case, then cutting back on bulk-buys of stock that doesn’t sell well will take you a step closer to going full-time.

There will come a point where you and/or your family are sick of living in a warehouse and you need to find somewhere else to keep some, or all of your stock. Where this is will depend on how you want to work, how much stock you need to house and what size it is, where you live and what your budget is, but you have a ton of options.

If your stock isn’t of high value, then keeping your stock in a shed or parent’s garage might be a good temporary option for you. But, if your stock is worth a lot of money or you’ve got the budget, then you’ll need to hire somewhere secure, so look into premises around you or self-storage options. The office and storage room combo mentioned in the point above is ideal for this. Look at a few different places before you make a decision and take into account the security and convenience as well as price.

Do More of What Works

If you need to increase your sales in order to go full-time, then don’t spend hours searching for new product lines. Look at what’s earning you money and do more of that. This is a mistake many businesses make; they spread themselves too thin and try to attract new customers they don’t have experience with. Instead, think about your best customers who are easy and spend a good amount of money with you and try to enhance their experience.

Big Padlock office and storage units are available at our below locations in a range of sizes with flexible terms to suit all businesses.

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