Our eye can accommodate just half a drop which is why the spillage of the other half. Instilling more than 1 drop isn't going to benefit additionally in any way. You can use the eyedrop 5-6 times a day though.
Next Steps
If you need to use eyedrop for a longer period, it's always better to use an eyedrop which is completely or relatively preservative free. Genteal eyedrop and Refresh tears eye drop belong to these categories respectively. Second option is to use an eyedrop with a better retaining capacity like Maxmoist eyedrop which contains Sodium Hyaluronate. This stays in the eye for a longer time.