How to Prioritise Tasks In Your Amazon FBA Business

If you are currently now thinking about where you should spend your time, what task should you be prioritising? You don't have enough time in the day, so what should you be focusing on? What needs to be consistent repeated action every single day? Then this is going to be a fantastic blog post for you.

In this blog post, I am going to be giving you 5 tips, which you can take today very easily, very simply, and it is all about how to prioritise in your Amazon FBA business.

Step 1 - List

So, this is where you take the opportunity to get any many tasks as you possibly can out of your head, which you know you are doing, and which you know needs to be done in your business. 

If right now, you are in online arbitrage, wholesale, whether you have a private label brand, or whatever tasks that need to be done in your business. 

It's worth getting a piece of paper, or going onto your notes, such as Google Docs, and bullet pointing and listing as many as these tasks as you can possibly think of. 

For example, sourcing, reviewing, purchasing, shipping, replenishing, inventory health, repricing, anything which needs to be done from a legal point of view, anything from a financial point of view, virtual assistants - there are so many things.

So, what we are doing to start with is simply listing and bullet pointing everything that you can possibly think of. 

If you would like to learn more about maximising your productivity, check out the blog post below:

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Step 2 - Classify 

Once you have listened everything which needs to be done, or what is already being done, then you are going to move onto step 2, which is to classify. 

We are going to classify every single one of those tasks which we just listed. How are we going to classify them? We are going to classify them by either growth or maintenance. 

We are going to go back through our list, and this is subjective to where you're currently at. So, if you just getting started out, then everything is a growth task, because you have no business at this time. 

But, if you're not just getting started, and you have been working on and building your business, you have to be aware that all the tasks can change from growth to maintenance, and being really aware of what can become a maintenance task over some time. 

If you absolutely love sourcing, then you are going to call that growth all the time, because that's where you know you always want to be, but if you don't like sourcing, if you don't like purchasing, then at first it becomes growth, but then it becomes a maintenance task. 

So, what you're basically doing is, you are going through your list of tasks which you have listed, and you are choosing which ones are growth and maintenance tasks to you. 

Step 3 - Score

Now, in step 3, you are going to score each of these tasks, in terms of whether you want to do this 0 - 10, or whether you want to do this 0 - 100, it is completely up to you. 

Essentially, what you are doing is you're scoring these, 0 being very very minimal impact in your business, and 10 being absolute critical impact, if this task doesn't get done, your business doesn't function, operate or achieve its outcome.

All of these tasks need to be done, and each of these tasks are essential, but not all of them have the same impact from a priority point of view.

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Step 4 - Group 

Once you have scored all of your tasks out of 10 or 100, whatever it may be, you are going to move over onto step 4, and you are going to group. What this means is you are going to start grouping from the list which you have created, and as the list grows, as time goes on, you are going to list things together, like roles and areas of responsibility.

For example, you could start listing a group of all the things which need to be done virtually, which are a mix of maintenance and growth tasks. You can start to design roles within your business.

Step 5 - Outsource/Automate 

There are tools you can use, and tools that are available out there for different parts of your business, but there are some things you cannot automate via a tool. You may need to outsource to a person, virtual assistants, or prep services.

What you're going to want to do then is get costings and timings for each of the tasks you have listed. You can put down next to the task how long it is taking you to complete, then you are going to want to get the pricing for each of them. 

Think about possibly getting a virtual assistant, and see how much it would cost you to have a virtual assistant.

Then, what you are going to want to do is start comparing costs vs the time that you end up saving as the business owner. 

After this, you should be able to determine what can and cannot be outsourced. This then ultimately comes down to where you want to spend your time, and how you want to spend your time. 

Further reading:

https://www.systemisefulfilment.co.uk/blog/how-to-10x-your-business-with-virtual-assistants

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