If dropshipping is new to you, don’t worry because you’re not alone. It’s a relatively new concept that lets business owners purchase items from a wholesaler and ship them directly to the customer. This method eliminates the need for a physical storefront and bulk inventory purchases. Here are the top 15 dropshipping tips from the… The post Top 15 Dropshipping Tips & Ideas From The Pros appeared first on . from https://fitsmallbusiness.com/dropshipping-tips/
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Mixed use loans help business owners and real estate investors finance mixed use buildings. Mixed use buildings that qualify for financing typically have multiple units zoned for different uses, such as residential, commercial, industrial, cultural or institutional. Mixed use loans can be both short-term and permanent with terms that range from 6 months to 30… The post Mixed Use Loans: The Ultimate Guide on Financing a Mixed Use Building appeared first on . from https://fitsmallbusiness.com/mixed-use-loans-financing/ Small business debt relief can come from loan consolidation, expense reduction, or from renegotiating your current terms. Obtaining a consolidation loan may be your best long term debt relief option if you can wait long enough for the right loan. Consolidating or refinancing your business debt can result in lower APR, longer repayment terms, and… The post Small Business Debt Relief: Consolidation Loans and 5 Other Option appeared first on . from https://fitsmallbusiness.com/small-business-debt-relief/ Best Business Internet Service Provider 2018: Charter Spectrum vs Verizon FiOS vs Comcast10/27/2017 Setting up your office can be an exciting if overwhelming task. One of the first things you’re likely to do is to arrange for internet service to be installed. However, it’s easy to make a poor decision in the rush so you should be researching which internet service provider (ISP) to connect your office with… The post Best Business Internet Service Provider 2018: Charter Spectrum vs Verizon FiOS vs Comcast appeared first on . from https://fitsmallbusiness.com/best-business-internet-provider/ Section 179 lets you treat up to $500,000 in equipment as a business expense on your tax return in the year of purchase instead of depreciating the equipment and deducting its cost over several years. Our Section 179 calculator will help you determine how much you can deduct on your tax return. Looking to finance… The post Section 179 Calculator (& Why Other Calculators Are Flawed) appeared first on . from https://fitsmallbusiness.com/section-179-calculator/ A business credit score gives a quick summary of the information on your business credit reports. Specifically, a business credit score assesses your company’s ability to make payments on time. The information used to calculate your business credit score includes public and private information which can be seen by your vendors, suppliers, lenders, and more.… The post Business Credit Score: Everything You Should Know to Build Business Credit appeared first on . from https://fitsmallbusiness.com/how-business-credit-scores-work/ For most of the last two years, real estate drone photography and video has been the darling of industry bloggers and marketers. There were endless articles and blog posts about how this technology would change our industry, but very little came of it because the FAA made operating a drone for commercial purposes very expensive.… The post Real Estate Drone Photography & Video Guide 2018 appeared first on . from https://fitsmallbusiness.com/real-estate-drone-photography/ A public branch exchange (PBX) phone system is a piece of physical hardware that’s installed on location, receives incoming phone calls, and distributes them to employees using sophisticated rules. PBX phone systems also give businesses access to professional calling features such as call transfers, auto attendants, call scheduling, and more. However, the definition of a… The post PBX Phone Systems: What They Are & How they Work appeared first on . from https://fitsmallbusiness.com/pbx-phone-systems/ A small business line of credit (LOC) allows you to draw against a predetermined credit limit, as you need it, instead of receiving the full loan amount at one time like a term loan. The biggest advantages of a business credit line are that you only pay interest on the funds you actually draw. OnDeck,… The post Business Line of Credit: What It Is, Where to Get One, & More appeared first on . from https://fitsmallbusiness.com/what-is-a-business-line-of-credit/
Every week as SmallBizLady, I conduct interviews with experts on my Twitter talk show #SmallBizChat. The show takes place every Wednesday on Twitter from 8-9 pm ET. This is excerpted from my recent interview with Ernane Iung who is the author of “The Success Factor – Unconventional Wisdom for Small Business Success”. He shares the most important things to consider when starting your company, and contrast conventional wisdom with the latest, but proven unconventional wisdom. For more info www.successfactormedia.com. SmallBizLady: WHAT IS MEANT EXACTLY BY REFERRAL MARKETING? WHAT KIND OF MARKETING IS IT REALLY? Ernane Iung: A method of creating revenue for growing a start-up’s business – the “systematic cultivation of business by referral. It’s the system by which business owners create, manage, and leverage their social capital to generate referrals. Referral marketing is about creating a plan that capitalizes on word of mouth to generate referrals. It starts with networking and ends in strong referrals that catapult business owners to stratospheric levels. SmallBizLady: WHAT ARE THE MOST IMPORTANT COMPONENTS OF SUCCESS OF REFERRAL MARKETING? Ernane Iung: Trust is the hallmark of any strong relationship and the same holds true for a good referral. It’s based on developing deep biz relationships as a transfer of trust in you and the referral. That’s right. Referrals cannot happen unless trust is present. Relationships, and most certainly the strong relationships that create referrals, do not happen overnight, and must be built over time, always implicitly involving trust. SmallBizLady: HOW IS REFERRAL MARKETING MEASURED? Ernane Iung: All marketing: Trade Marketing, Advertising, Product Marketing, Tele-Marketing, Digital Marketing, or any other – must be measurable. The metrics are somewhat different, not being directly financially quantitative for example, an ROI (Return on Investment), but rather as you build your Social Capital through Referral Marketing, you will see a corresponding impact on your business – and that of course, is financial and does hit your bottom line. SmallBizLady: HOW DO YOU MEASURE AND MONITOR YOUR REFERRAL MARKETING ACTIVITIES? Ernane Iung: To measure and monitor your Referral marketing activities I recommend using a scorecard that breaks down down and separates your referral activities into five primary areas called “Tactics.” The 5 tactics essential to effective Referral Marketing are:
SmallBizLady: WHAT IS ANOTHER COMPONENT OF REFERRAL MARKETING IMPORTANT TO KNOW? Ernane Iung: One of the most important concepts of a referral marketing platform focuses on the concept of giving. Although we are talking about the application of Referral Marketing in a business context, it’s really an act of giving. Referral marketing or plain “giving” has a well-proven context, including our biz interests, since the beginning of time. SmallBizLady: ERNANE, THIS IS ALL WELL AND GOOD, BUT DOES REFERRAL MARKETING ACTUALLY WORK? Ernane Iung: consider these proven statistics on the outcomes from your investment in referral marketing:
Evidence that “the trust platform“ is created from the referral continues to pay dividends during the 1st year of business and onward. If you found this interview helpful, join us on Wednesdays 8-9 pm ET; follow @SmallBizChat on Twitter. Here’s how to participate in #SmallBizChat: http://bit.ly/1hZeIlz The post How to Use Referral Marketing to Expand Your Social Capital appeared first on Succeed As Your Own Boss. from http://succeedasyourownboss.com/how-to-use-referral-marketing-to-expand-your-social-capital/ |
AuthorHello I am Teri Crawford 26 years old living in Toronto, Canada. I have recently finished my MBA and planning to start my own business. Archives
November 2018
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