Online Business 101: The Manager’s Capabilities
There are a lot of things to be considered when you are planning to have an online business of your own. We all know that the number of people who are into online business is increasing and so the competition is also rising. A successful business person should be capable of this the following:
The Capability to Systematize
Having this ability will fasten up your work. It enables the person to organize the written and the recorded works for the day. We all know that a day is only consist of 24 hours, but if you are capable of creating systems that can be learned and replicated it will result to your success and your business’ growth.
In systemizing things about your business, the most important aspect for you to consider is people management. You should know how to handle both your clients and your workers. Knowing what to prioritize will make things easier.
The Capability to Organize your Time
In business, every seconds count. Owners have the passion to work so it is hard for them to stop working when they have started doing things about their business. The Promodoro Technique or also known as “Time Management” is practiced by some people. There are actually (3) five basic steps in implementing this technique. (1) Decide on the task to be done- do things one at a time. You can segregate the works that needs more working time from those works that needs fewer working time. (2) Set promodoro (timer) to 25 minutes- having a break from work is helpful. Work on the task until timer rings. Of course at first it will be hard for people to follow this basic step but as they continue doing it, their systems will be used to it and they will have enough rest and somehow improve their mental agility which will result for them to produce a better and a useful outcomes.
The Capability to Take Action
“Actions speaks louder than words”, is a common expression. And in the business world, this quote means a lot. If you have the ideas in your mind, why not put it into action. You won’t be successful if you will just sit in your chair and look at your mails. Always bear in mind that the core requirement in online business is “ACTION”.
The Capability to Cross Sell
This is the action or the practice of selling among or between established clients, markets, and traders. I think you should know that there are (3) three kind of cross-selling. The first is the selling of add-on services. An example to this is a Life Insurance company who suggests the costumer to sign up for a health or car insurance. The second kind of cross-selling is that the provider of the service will get additional needs and services from the client. These needs are not related to the client’s first demand. And lastly, the cross-selling which is also called selling a solution. In this case, a customer who is buying an air conditioner is given a package of both the air conditioner and the installation service.
If you are capable of cross- selling then there is a possibility that your income will increase and it can also be a way to protect the relationship that you have with your clients, vice versa.
The Capability to Manage Client and Customer Expectations
Surprising your clients or even your customers with the things that are not asked of you to do will definitely boost their confidence upon trusting working loads to you.
As you give them extra credits, you should also keep in mind that you and your client should have a complete agreement with the price and the extent of projects you make within every stage. Don’t forget to have a record for it. Records can be written or recorded.
Having these abilities listed above, you can assure that you will never be wrong upon managing your online business. As your business progress, your skills are improving too. Just keep in mind that in the business world, the fittest and the most capable of doing things for the clients and the customer will have the glory.