Thursday, February 9, 2012

Savvy Entrepreneur: Push Through The Slow Times

Have sales been feeling a little stagnant lately? Have you hit the after-the-holidays-before-the-spring slump? It's normal; things tend to slow down a bit in January, February and sometimes, even March. Regardless of being normal, this may cause mild or even severe panic for some of us. I'm here to tell you to take a deep breath, take a few, and calm down. All you need is a new perspective.

The slow times do not signal the end of the world, they are temporary, just a part of the cycle and something you can use to your benefit. Instead of focusing on the amount of money coming into your bank account, look at the extra time you have since you're not filling orders.

This is the time to focus on making your business better, getting things done that will allow you to run more smoothly when sales pick up again. This is the time to focus on the things that get pushed aside when you’re busy. I promise all that hard work will pay off in sales. You just need a little patience.

Have you been meaning to update your website? Now is the perfect time to take new product shots or rewrite your product descriptions and about page. Block out an hour or two a day and within a week or so you'll have it all done.

Or maybe you've been thinking of expanding into new markets. Spend the extra time you have researching these markets. What problems can you solve, how do they get their information, what key points need to be addressed for a purchase to happen?

Keep in touch with your customers; sometimes they just need a little nudge. This slow time is perfect for reaching out with an update on your shop, new things you’re working on, or even a special sale just for them.

Collect inspiration for new products or a website refresh. Read new blogs, waste an hour or two on Pinterest (you know you can, I now give you permission), go shopping out in the real world. Your brain and creativity needs to be fed just like you do. Find some tasty vittles.

Keeping up with Facebook and Twitter is one of the first things to get neglected when you’re busy, so get back in the conversation and make some new connections. Participate in a Twitter chat, see what topics are trending, find some new competitors and “listen in” on their conversations.

Use this downtime to work on your business, give yourself a little creative refresh, or connect with customers and peers. Soon enough things will be moving again and you’ll find yourself wishing you had just a fraction of the time you have now.

Genevieve not only writes The Savvy Entrepreneur she is the Co-Founder of Lightbox SF where she empowers creatives to take over the world. Check out the blog or how to work with her.

If you're an Etsy seller in the San Francisco Bay Area, contact Katy or Steph about joining SFEtsy!

No comments:

Related Posts Plugin for WordPress, Blogger...