Simple Systemisation Trick For Online Arbitrage Sellers

In this blog post, I want to share with you a very simple systemisation trick which you can use within your online arbitrage business. The goal behind this is to share with you how you can systemise your online arbitrage business to prevent overwhelm. 

Currently, you might be thinking that you have so much to do, you have so many areas of the business which you may be working hours upon hours on every single day, you're trying to juggle so much from your business, to your family life, to your personal life, you may be in a career right now, you may be doing so many different things right now, with so many different hats on in the business. Well this simple trick is going to give you clarity going forward.

Split Your Business Into Stages

The simple trick when it comes to systemising your business is by splitting up your business into stages, into multiple pieces of your business. Think about a puzzle, you may have 100s of pieces of that puzzle, and they all fit together to make that puzzle. Your business is the exact same. If you are in online arbitrage, if you split it up into puzzle pieces, you are going to have sourcing, reviewing, purchasing, shipping, Amazon seller central management, you have your account management, repricing, accounting, repaint on credit cards - you are going to have 100s of different pieces to that puzzle, but then the simple trick is for you to think about where you are spending the most of your time. Based on all of this big puzzle, which you have split up, start to capture any time you do anything in your online arbitrage business, allocate it to an area and put the time which you have spent on it. So, for example, if you have been doing sourcing, you just open up your file, and in sourcing you can see that you have spent 6 hours today, purchasing and reviewing has taken you two hours, and shipping you may be spending three or four hours on.

What this is going to do, and Kev has called it a trick because it is allowing you to become clearer on how you can systemise. You look at all the pieces, you have allocated time, you are spending your time in each of those pieces, and then what you are going to do is hierarchies based on what is taking you the most time. So if sourcing is what is taking you the most time, then it's going to drop down to something which is only going to take you a few minutes. This is going to allow you to have a focus, a strategic and logical focus. 

Time is limited, there is only so much that you can do, which means you need a strategic way of gaining leverage, getting that, and turning that maintenance task into you being able to focus on growth tasks.

A great idea for you to do is to get a whiteboard out, a piece of paper, a laptop - whatever it might be, and break all of this up, and have a brainstorming session, where you are working on the business, and start to allocate this. Possibly go through this for around a week or two weeks, and get some clarity. Then what that is going to do is allow you to focus on one area at a time.

Further reading:

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

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