Time Has a Cost
The most precious resources we have is time, and we never seem to have enough of it. In business time has a cost. We pay people to work for us, we pay them for their time, but often as business owners we forget what our time is worth. Usually it is worth a lot more that what we pay others. Spend your time wisely.
At the ILS show many people told us they were building an eCommerce solution and how long it was taking them. Others told us how long it took to process shipping, how long it took to resize pictures to post on their site, and how long it took to load products into a system. We spoke with people at last year's ILS who are still trying to get their online store up and running.
My point is your time has great value and you should not spend it on things that are not part of your core business, like developing an eCommerce solution. Spend your time on marketing, sales, customer service, and developing new products.
Find solutions that meet your needs and use them. The costs of these solutions are a lot less then your time is worth. Below are some examples of the savings you can obtain by using a good eCommerce solution:
|
Activity |
Manually resize per image |
Using Gozooko eCommerce Solutions (using Easy Import) |
Number of items listing |
Average cost per hour |
Savings using Gozooko eCommerce Solutions |
|
Resize/reformat image into small, medium, and large |
15 minutes
|
0 (images are resized/formatted automatically when loaded) |
10,000 |
$15 |
$37,500 |
|
Activity |
Using external shipping solutions (Avg.) |
Using Gozooko eCommerce Solutions (Avg.) |
Packaged shipped per month |
Average cost per hour |
Savings using Gozooko eCommerce Solutions |
|
Create shipping label for order |
90 seconds per label
|
20 seconds |
3000 |
$15 |
$875/month $10,500/year |
|
Activity |
Time to list an item (Avg.) |
Using Gozooko eCommerce Solutions (Using Easy Import or G2G)) |
Number of items listed |
Average cost per hour |
Savings using Gozooko eCommerce Solutions |
|
Listing a product into eCommerce solution |
5 minutes
|
0 (10,000 items can be completed in 3 minutes avg.) |
10,000 |
$15 |
$12,500 |
(Times for non-Gozooko solutions are averages on multiple solutions. Timings will vary with solution and Internet connection quality)
As you can see the savings can add up very quickly. A good eCommerce solution will pay for itself the minute you start using it. Look at it as an investment rather than a cost because you are automatically getting a return on investment.
At a minimum using a solution such as Gozooko 1 you would save over $50,000 the first year. Just the cost of setting up a site and loading it with products the savings would be enough to pay for the service for over 13 years, even if you never sold one item.
Stop wasting time doing things that are not core to your business. Find good solution providers and utilize what they have to offer, to allow you to focus on running and growing your business.
At Gozooko we continually look for ways to make our solutions more efficient and productive for our clients.
If you have any topics you would like to see addressed in this column, or have any questions, please send us an email at GozookoGuys@gozooko.com