There is no time like the present to start automating your business. The post-pandemic world has given us a massive dose of “now-frequent-less,” and with more time on our hands than ever before, we’ve got to find ways to make the most of our free time. For our purposes here, we’re going to focus on automating administrative tasks that we know most businesses will have to perform at some point in their existence.
One of the first things you’ll want to consider is how you want to handle orders once they’re placed. You have several options here, so it’s important that you think about your business and what you need. Do you want to integrate with a third-party marketplace like Shopify, eBay, or Amazon? What about accepting cash payments or doing all your business through a subscription model? Those are just some of the questions you need to ask yourself before making a decision. Keep in mind that none of these options are right or wrong; there’s no one-size-fits-all approach when it comes to automating your business.
PayPal Adaptive Payments
If you decide that you want to do some or all of your business through a marketplace like Amazon, you’ll need to get approved for PayPal Adaptive Payments. Essentially, this is a feature powered by the company that allows you to pay different sellers and vendors in different ways depending on the situation. For example, if you’re paying for a product or service and are concerned about whether or not the seller will deliver as promised, you can setup an automatic payment plan where PayPal will pay the seller a certain amount of money at regular intervals until the product is delivered.
Credit Card Authorizations
Inevitably, you’ll also want to consider creating credit card authorizations for your business. This involves setting up your bank account so that when a customer makes an online purchase using a credit card, the charges get automatically debited from the company’s credit card. The advantage of this method is that it keeps your financial information completely separate from your customers’ information, making it more secure.
If your business is experiencing a high volume of online sales, you might decide to set up some sort of subscription model where the customer pays a one-time fee in advance or on a recurring basis. For example, if you’re running a gym and decide to take this route, you can set up a subscription plan where customers pay a monthly fee to use the gym. It’s important to keep in mind that although this is an automated process that frees up more time for you to focus on other aspects of your business, it still requires someone to enter the data manually. There will also be times when the credit card authorization won’t go through and you’ll have to cancel the order. This is why it’s important to establish a buffer of funds in your account in case it’s not approved. You don’t want to be scrambling to find the money in cash when a significant transaction doesn’t go through.
Purchasing And Shipping
Once you’ve established the order in your head, the next step is to actually put it into words. This is where you’ll need to decide what you’ll need to purchase and how you want to ship it. You have several options here as well. Do you want to create a physical store where customers can come in person and make a purchase? Will you be providing a product or service that can be downloaded online and delivered via email? How about ordering online and having the product shipped directly to the customer?
No matter what you decide, there will be times when you’ll want to reconsider your decision. That’s perfectly normal, especially if you’re new to running a business. Take some time to breathe and do your research before committing. Think about all the things you need and how you want to go about providing them. Before you know it, you’ll find yourself in the habit of creating a to-do list of tasks and following through with them. Before you know it, you’ll be enjoying the benefits of automation.