At the first, second, and third look, a business is in it to make money.
If it’s not making money, then it’s an exercise in frustration and a money-sucking black hole at worst, and an expensive ‘hobby’ at best. A business provides services or products to consumers in return for money. Electronic commerce (e-commerce) is the business of selling goods and providing services using an online platform, i.e the internet. That’s why you’re here.
So yes, you got into this wanting to make money . And somehow you are making money. After keeping good records and getting updated licenses and permits and whatnot, how do you do? Do you lie awake at night worrying about how to make your mailing list grow? Do you wake up worried about making your bottom-line? Is your free time occupied with scribbling out plans with words like leverage, maximize, sales funnel, and optimize?
When this kind of financial pressure makes you micro-focus on the numbers, you lose sight of several important things in the whole equation.
Yes, you do need to keep good records and updated permits and licenses and whatnot.
Yes, you do need to work on growing your mailing list. That’s all just good accounting and legal practice, and business sense.
But focusing on the bottom-line frames your business solely in terms of numbers. In doing so, that sort of gently moves out of focus the prime movers in the business. And who are those? You, for one, and your customers, for another. Lose sight of either, you can go off track.
Focusing solely on the point to get the money is missing the other points. Continue reading Don’t Lose Sight of The Customer — Or Yourself