New Year’s resolutions merchants should follow this 2022

As merchants all over the world welcome a brand new year, they also welcome an opportunity to make changes for the better. And though merchants can level up their business all throughout the year, there’s just something special about New Year’s resolutions. This is especially true when these resolutions help you achieve both your short-term and long-term goals. 

If you’re an online merchant, and you’re not quite sure about what resolutions to stick to for 2022, we’re here to help! 

Be open to change

Maybe the word ‘change’ isn’t so appealing given that major changes all over the world have happened in the past two years. However, there’s no denying that being open to change is the only way businesses can adapt. If there’s anything the pandemic has taught the world, it’s to go with the current of change, not against it. 

When you’re open to change, you can better find opportunities for your business. It will also make you more flexible, giving you a higher chance of getting past the challenges you may face. 

Prioritize the well-being of your team

A company is nothing without its people, which is why it’s important to take care of your team. This doesn’t just mean giving them fair wages and benefits; it also means fostering an environment where they can openly share their ideas, have difficult but necessary conversations, and ultimately grow as professionals.

It’s also important to encourage work-life balance within your team, making sure that they don’t jeopardize their health for work. This should be a given, but it’s always best to have regular team check-ups to make sure they are looking after themselves.

Learn from your customers

As people who directly use your products or services, your customers can give a lot of insights on your business. That’s why it’s important to listen to their feedback, be it good or bad. You can learn a lot of things, such as which products your customers love, which products you can improve on, and how you can elevate your customer service. Ultimately, this also helps you establish a good relationship with your customers. 

Practice effective communication

Misunderstandings with your team or your customers can cause a lot of problems. One way to avoid them is to always communicate effectively. This means being an active listener, being truthful and transparent, and communicating with empathy. 

When you improve the way you communicate, you can help boost employee productivity and further nurture your relationship with customers and partners.

Consider challenges as learning opportunities

It can be frustrating when you encounter difficulties in your business. This can come in the form of canceled orders, cash flow problems, or miscommunication among team members. But any challenge or failure can be a great learning opportunity. Instead of dwelling on how things went wrong, try to see how you can use the experience to your advantage.

How can you make up for the incident? What processes can you further improve? How can you avoid this problem in the future? By learning from the challenges you encounter, your company can grow into an even better version of itself.

These are just some of the New Year’s resolutions that you can follow this year. What’s important is making sure your resolutions are aligned with your company’s goals, whether that’s finding the perfect warehousing services in the Philippines, growing your customer base, or building awareness on your brand.

If you’re looking for an E-commerce partner who can help you scale this 2022, then choose Payo!

Payo is the leading E-commerce enabler in the Philippines whose goal is to make E-commerce simple for online merchants. Payo offers everything you need to succeed in E-commerce, from Warehousing and Last Mile Management to Live Customer Support and Cash on Delivery Integration. 

If you want to thrive in today’s E-commerce landscape, you can sign up with us today or send us a message at [email protected]. We’ll reach out to you as soon as you do!