Given the current economic climate, many organizations are experiencing lower demand for their products and services than ever before. Now, more than ever, businesses need to prioritize and pay special attention to how they can optimize costs and use resources that offer the best returns.

Optimizing isn’t about cutting all spending, but instead being smart about business costs.

Rolling back all your sales and marketing efforts might lower costs in the short run, but will ultimately lead to lost customers and lost revenue. Optimizing business expenses, on the other hand, will help you get more sales for less spending.

Keep scrolling for some great ideas on how your business can save money and make the best of a limited budget.  

1. Take Your Business Online

Assess your business offerings and determine what services can be moved to the online space. This can help you reduce some of the costs associated with a physical storefront, including rent, utilities, and maintenance.

For instance, the SmartSeller online store website builder helps you create a website with ease. Additionally, when you choose the Premium version, you also get access to our powerful inventory management and marketplaces sync feature, which allows for easy monitoring and control of products.

2. Be Mobile

As of 2020, the smartphone penetration rate in Malaysia stands at just under 94%. As more mobile devices become connected to the internet, more people are going to do their planning, shopping, and communication on the go.

Businesses need to be ready for this rapid change and ensure that their websites are compatible with all major mobile devices. By not optimizing your website for mobile users, you risk losing out on a major chunk of potential customers.

3. Try Outsourcing

When you start a business, there are always certain tasks that are more challenging than others—and that’s completely okay. The good news is that technology has made it easier than ever to outsource work. There are several platforms such as Fiverr, Upwork, Freelancer, and Freelancing.my that feature various sellers from around the world.

You’ll find countless options for various business solutions, from accounting and bookkeeping experts to graphic designers and social media professionals.

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Build Your Online Store Today

Creating an online store just became easy with SmartSeller’s online store builder. Our user-friendly interface and professional store templates allow users with no programming experience to create powerful, engaging websites. When you make an build ecommerce website online on SmartSeller, you also can ensure easy optimization for mobile users and ensure that you reach a wider audience for the same price.

Check out our pricing plans now and get started for as low as $4.90 per month.