COVID-19 is having a big effect on business, and if you're worried whether your business will be able to survive the next year, then why not look into your current costs. If you think demand for your products or services may drop, then temporarily cutting costs - or switching to an ecommerce platform - is one way to offset that demand. Here's an overview of some of the areas you can look into if you're wondering where to start.

Employees

For the vast majority of businesses, the employees are the most significant cost, and making savings here may make all the difference to whether your business survives. COVID-19 will mean that some staff may have to be let go, so rather than making quick replacements you can wait and see if current employees are able to share the remaining work.

You could also outsource work to freelancers and third parties and hire permanent employees when things start getting back to normal. This period is a chance for you to review all your staffing and assess what really is important and where savings can be made.

Suppliers

Another area which you can look into is your suppliers. In the beginning, when starting your business, you had the time to get multiple quotes and contact different suppliers. Changing things is a pain, and after a few years, you might be content to just go with the flow and continue with suppliers, even if you are losing money. However, very often, companies will increase prices without you noticing. When you do take a look at what you are actually paying, it's often too much.

Now is the time to sit down and review all of your costs and look at competitors and what they are offering. You should be able to find substantial savings can be made, and if your current suppliers are unwilling to match what you find, then it is time to switch.

Offices

Figures suggest that many small companies are now making the switch to remote working completely. Many businesses are abandoning their brick and mortar shops for ecommerce websites instead. Business rent is a big outgoing cost and now that companies can see that they can work effectively without being in the same office, they are choosing to work remotely indefinitely. If you are a small company that can work remotely, then you may choose to sit out COVID-19 at home – and make a big saving in the meanwhile.

Travel

You should also look into your travel expenses. Now that remote working is much more acceptable, you may be able to reduce the amount of journeys you and your employees need to take.

Websites

Do you think you might be paying a bit too much for your current website design system? Then maybe you need to switch your current company. At DotGO, we design affordable business websites that not only look great but perform well on Google. Get in touch with us and find out what we can do for your business. You'll be pleasantly surprised at just how affordable we are.

Improve Your Shop

Are you a small business owner who doesn't like their current online shop? Do you want to upgrade your current website to an online shop, but don't know where to start? If so, DotGO has you covered. 

We understand that, as a business owner running an online store, every last detail needs to be exactly right. You need a website that is fast, beautiful and personalised to the unique character of your business. 

Our brilliant team of designers and writers work closely with you to determine the precise needs of your business, keeping you in the loop throughout and producing a stunning bespoke website design that works for your business. 

Why settle for second best? Call DotGO today and start building an online store that puts you ahead of the competition. 

 

 

 

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