If you were to ask any thriving business owner how they got where they are now, they would almost certainly credit a large part of their success to leverage.
Leverage is the use of something to maximize your advantage. In the business world, it typically means leveraging people, software or another tool to maximize your profit without putting more of your own time into it.
Leverage is why there are billionaires that have the same amount of time in a day as a broke person. The wealthy use leverage as much as they can.
Everyone only has a certain amount of time in the day or a certain amount of capital to invest. When you learn to leverage time and leverage capital properly, you will reach your goals at an exponential rate.
Building Your Own Store
There is absolutely nothing wrong with building your own store from scratch. If you have the time to put into learning the skills required in running your own store, then you should. Just make sure you are honest with yourself. Don’t decide to try to build your own store to save money but then keep pushing it off because you’re busy with your current life.
There are many courses out there that can help show you how to build one from scratch. Just be careful, there are a lot out there that have outdated information that doesn’t work anymore.
Hiring A Team Of Experts
For most people that don’t have 5000+ hours of free time on their hands to devote to becoming an eCommerce expert, hiring a team of experts is going to be your best solution. This allows you to leverage their talents and bypass the work involved. Yes, you pay more than if you were to start a store yourself, however, you are essentially buying time and expertise.
Having the store managed by someone allows you to focus on other aspects of your life that are more important to you instead of stuck in front of your computer trying to figure out how to scale your store.
A good team will take care of everything, so you don’t need to do anything except for keeping up with your credit card payments.
Leveraging someone else’s time so that you can add an additional income stream without using your own time is a thought process of the wealthy. They maximize leverage to grow exponentially.
If you would like to learn how our team of 9 figure experts can help you take advantage of the booming eCommerce industry, book a call with our team here: https://lunarautomation.com/recession-proof/