Mary tells us what makes a successful Amazon business
Why do successful Amazon businesses have systems and SOPs?
No matter if you’re operating as a team of one or a team of many, it’s important to have a set of rules and procedures that can be easily followed with accuracy and consistency. All successful businesses have systems and standard operating procedures (SOPs), which allow them to operate more effectively and profitably. Systems and SOPs can be thought of as the building blocks that support you and your business in the day-to-day operations, your ability to grow as well as add dollars to the valuation if and when you decide to exit your Amazon business. They benefit your business by helping you better achieve your desired outcome sthrough the transfer of knowledge and by creating greater
Having systems in place ensures that any role or task is always done accurately and to a particular standard. For example, this might mean that your customers receive the same level of service every single time or each time your inventory goes below a certain level, it’s a trigger to arrange more to be sent from your 3PLor protecting your brand by consistently handling any intellectual property violations. Systems and SOPs only become more and more important as your business grows and there is the need to delegate, outsource or automate elements of your business. The more easily and effectively you can transfer knowledge or train new team members, the sooner you will be able to remove yourself from working in the business. This in turn will give you time back to focus on the important things. We hope that you have found this article helpful. Wishing you every success as you continue to build and grow your Amazon business.
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