Archive for money making tips

Factoring: The Surest Way to Keep A Small Business Vital and Competitive

Many people believe that professional bill collecting services are only necessary in white collar business arenas. This couldn’t be more wrong. It’s the small business owner who needs the assistance of a service that will help ensure a positive cash flow. A factoring service helps small business owners who cannot necessarily pay for complicated billing systems, to securely collect on their received invoices.

Are there any small businesses that are too small to benefit from a factoring service? The answer is “No!” If any small business owner can see the value in having immediate cash in-hand for services rendered and products delivered, over waiting months for payment, then factoring for SMBs is the way to go. Here is an interesting small business scenario to consider.

“John” is a highly trained guitarist who has decided to open an in-home guitar lesson studio. His hourly lesson rates are competitive, and his capital cost are extremely low. John also does everything he can to minimize living costs as he builds a clientele. After a bit of advertising and worth-of-mouth reputation-building, John builds a studio of 20 students.

John has decided to take the ethical route in the realm of payment for the lessons he gives. Though he is a degreed professional, he chooses to not let things like lesson payments get in the way of his vision for a full time studio. Several months pass, but John notices that several students have not yet paid for the lessons they have taken. Even with written reminders and phone calls, some students are consistently 6-12 weeks late on payments.

Though John loves to live simply, he cannot afford to provide “credit” for the service he provides, nor discontinue providing lessons. His students and their families are good people, but they never seem to be on time with their payments to his studio. The question is, why should John’s business and quality of life be diminished, or put into a desperate situation simply because of the forgetfulness (or lack of ethics) of other people?

The same is true for any small business. Why should the bad, or irresponsible behavior of consumers result in a loss for a small business owner? The answer is, it shouldn’t, and it doesn’t have to. A factoring service makes sure business owners are compensated for their received invoices. With a small fee, services like those found at Factoringcompanies.com do the dirty work of billing and collecting payments from consumers and clients. Even with a lag in payment, a guitar studio owner like John can plan his life (and pay his bills) according to the services he provides, not on the reliability of people at large.

Factoring companies are an exceptional tool for small businesses because they provide cash advances according to the business’s receipts rather than a loan/payment situation. When a business is involved in a sector that regularly experiences a lag between the time services are rendered and the time in which clients pay, factoring companies help erase the lag. With a small fee (usually a single digit percentage of the collected billing amounts), a business can be compensated for their services immediately, and never have to deal with the hardship of convincing people to pay what they owe.

Factoring companies provide these services to small business owners. Great factoring companies extend these services to businesses no matter their size, or classification.

* Invoice-related factoring and billing.
* Payroll funding when operations are tight and unsure, but employees are still valued.
* Cash Advances on purchasing capital and equipment.
* Funding for building needed purchase orders.
* Rare and helpful unsecured business loans using ethical lending standards.
* Equal factoring services for industries from technology and manufacturing, to the self-employed.

Factoring is the surest way to keep a small business vital and competitive. A small administrative fee for factoring services is a valuable investment when it comes to running a smooth professional operation. Like John’s dream of having a good life doing what he loves, any small business owner can benefit from having a factoring company in their corner. Factoring services often play a significant role when it comes to small businesses growing to become industry leaders. Receipt “insurance” through factoring services can become business “assurance” in the long run.

Money Magnet Secrets That Will Keep Your Company In Full Bloom

a-business meeting

Brainstorming

Most companies are in business for the purpose of generating revenue. As such, it’s important for business owners to access and implement strategies that will help their companies attain absolutely amazing conversion rates. Luckily, there are numerous money-making strategies that your company can employ to realize this objective. Here are three of them:

1. Optimize Your Equipment.

Optimizing your company’s equipment is a simple and effective way to make your business a money magnet. This technique works because it ensures that you are using up to date equipment that helps you complete daily operations quickly and correctly. Using up to date equipment is also a great way to reduce your staff’s susceptibility to life-endangering on-the-job injuries. You can obtain new equipment like crane parts from online retailers such as ProservCrane Group.

2. Listen To Customer Feedback.

Another strategy you can utilize to ensure that your company becomes a money-making magnet is listening to customer feedback. The information customers include in questionnaires can provide you with key insights regarding changes and upgrades you need to make to the way your brand does business. Ignoring the information found in customer feedback documents can result in a lack of repeat business and a decline in your conversion rates. Be sure to maintain an attitude of responsiveness and receptivity when your customers make suggestions!

3. Pursue Thought Leadership.

One final strategy you can use to ensure that your company becomes a money-making magnet is the pursuit of thought leadership. Thought leadership is a term that refers to individuals who have attained a position of authority in their respective industries as a result of making substantive contributions to the field. In general, thought leadership results from publishing relevant data and/or giving lectures about important topics in the field.

Don’t Delay: Start Optimizing Conversion Today!

If you’re serious about keeping your business in full bloom this year, it’s time to recognize the role that an optimized bottom line can play in facilitating this process. There are numerous money-making strategies you can use to keep your company alive and thriving. Some of them include updating your company’s equipment, responding to the feedback of your customers, and pursuing thought leadership. By consistently implementing these three money-making strategies, you will likely find that your company performs exceedingly well this year!

Selling Chocolates For School Project

One day, while I was waiting for a ride to work, a group of children came to me and asked if I would like to buy a chocolate.  Of course, I interrogated them a little.   I learned that they are selling chocolate fundraisers to help them gather funds for their Science group project in school.

assorted chocolates

Although I really wanted to buy more chocolates so the kids will go home and sell a few left for the day, I thought my budget won’t be enough.  So I just bought couple.  Chocolate fundraisers can help achieve simple goals those kids have.  Rather than playing all day on a weekend, those kids have taken responsibility of accomplishing their school project with teamwork.

Selling Old Items Can Be A Source Of Income

For reasonable reasons, getting engaged into earning extra money online is a good opportunity. I am considering the idea of selling on eBay. I read articles sharing tips on how to sell and how to become a power seller on eBay. Though there are hundreds of thousand items for sale on the Internet, sellers are still gaining sales everyday from customers worldwide.

Besides, not all items for sale is brand new. Most of them are second-hand merchandise that is why the prices are more affordable. This sounds good. Instead of throwing away the used or unused stuff in the house to the trash, why not think of selling them? Each of us has an unique possession that we do not need in the house. There are people who like to buy unique things on sale. They find those interesting.

In fact, selling or trading (either local or international) can be a part time source of income. There are millions of shoppers all over the world. They shop online for great buys to save them money and for convenience also. I have some stuff in the house that I want to sell online. First thing I have to do is to set-up my store and learn more about selling on eBay. It would be of great help. If my honey asked where is my old stuff, I will say I sold it on eBay :).

Bookmark and Share Stumble Upon Toolbar Review My Post