5 Reasons To Sell Your Business Now

Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. In some instances when you’re running a business, the need and opportunity to sell you business may arise. The following contributed post is entitled, 5 Reasons To Sell Your Business Now.

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It’s a common preconception that selling your company is a sign of failure. In truth, while bankruptcy is an indication that the company has failed to survive, selling puts you, the business owner, in a unique position of power. Selling can support growth, whether it is monetary, personal, or professional. Here are 5 unique reasons that make selling compelling, meaningful, and POSITIVE for your future development.

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#1. Your mental health is suffering

Entrepreneurs are more vulnerable to depression and heightened stress levels as a result of their unique position. Being an entrepreneur is a lonely experience that puts a lot of pressure on your mental health. When you choose to run a business, you need to have a few mental health strings to your bow. Finding solutions can help you regain your peace of mind and relax at the end of the day. It’s not uncommon for entrepreneurs to value family time and technology detox to reduce stress levels. However, when nothing works, you need to be realistic. Your sanity is worth more than your business.

#2. You don’t have the skills fo funds to grow further

You have overstretched your skills and budget to drive the business further. However, you have failed to unlock enough funds to pursue the growth plans. It can be frustrating to give up when you’ve already done so much. But selling your business to a specialist such as Thrasio ensures that the company can continue to grow. Indeed, growth experts understand the unique skills, activities, and marketing hacks to move small businesses to the next levels. They are also dedicated to financing every step of the growth, proving impossible for solo entrepreneurs.

#3. You want to unlock capital

When you’ve run a business on a bootstrap budget, you’ve essentially built a professional presence using your personal finances. Bootstrapping is a minimalist approach that focuses on sparseness and simple, cost-effective choices. Yet, as Investopedia explains, successful bootstrapping companies can reach their zenith when they are sold. A small company such as GitHub, for instance, started as a weekend project before it develops into a full-time business that Microsoft finally bought it.

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#4. You want/need to relocate

The average American moves home over 11 times in their lifetime. So the fantastic small business you’ve started in rural Nebraska may need to change address when you move to a new state. Unfortunately, the cost of moving businesses can be surprisingly expensive. Indeed, business success often depends on your knowledge of the local market. When you change location, you could face expenses as you learn to adjust and adapt to your new market. It’s often easier to sell the business and start something fresh!

#5. You’ve got your eyes on new opportunities

Last but not least, everybody changes. As we experience more in life, we change our expectations, our dreams, and our plans. The fantastic business idea you launched a few years ago may not be relevant to your personality anymore. Selling a business to change career or start something different can be a liberating process.

Selling your business could be the best thing you do for your personal development. Whether you want to finance your next venture or regain mental clarity, selling is not about giving up. It’s all about embracing new opportunities.

Why more people should consider Government Guaranteed Home Loans

A key focus of my blog is Financial Literacy/Money. Most people have to get a home loan to secure a primary residence. A potential tool is a government loan. The following guest post is entitled, Why more people should consider Government Guaranteed Home Loans.

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As the housing price increases every year, many people feel that purchasing a home is becoming increasingly challenging due to increasing demand and lower supply. Even in 2021, when the nation is at the tail end of the biggest pandemic in the last 100 years, the median home price has continued to increase.

Many millennials reaching the age where they want to become homeowners believe that buying a home is becoming more difficult every year. Even during a slowed down real estate market, when mortgage rates are low, there are several banks asking for higher credit scores to qualify for a home loan. Increasing the hurdles that new home buyers must navigate on their path toward homeownership.

Thankfully, Government guaranteed Home Loans are available, and they can make the possibility of becoming a homeowner a reality. These loans offer more lenient eligibility requirements and several other benefits, which are sure to make homeownership a real opportunity for new and returning home buyers.

These Government guaranteed home loans come in the form of Federal Housing Administration (FHA) Home Loans, Department of Veteran Affairs (VA) Home Loans, and U.S. Department of Agriculture (USDA) Home Loans.

FHA Home Loans

These types of loans are beneficial for anyone who wants to become a homeowner. However, it is beneficial for first-time homebuyers looking for a more affordable alternative to conventional loans.

FHA home loans have some of the more lenient requirements out of any home loan available. These include a steady employment history (at least two years), closing costs that can be covered by either the seller, lender, and the borrower’s employer. In addition to these, FHA home loans require a low 3.5% down payment, much lower than the conventional loan requirement of 20%.

Having these lower eligibility requirements is not the only advantage that borrowers could have through an FHA loan. There are also several other benefits to FHA home loans, like lower monthly payments, lower closing costs, and borrowers’ ability to borrow more than the property is worth to finance the repairs and upgrades to a property.

VA Home Loans

VA home loans are the perfect loans for Veterans, Active Duty Service Members, and eligible spouses who want to become homeowners. To qualify for these loans, the applicant must meet its property, income, credit, and military requirements put forward by the VA.

To be eligible for these loans, the applicant must have served for at least 90 consecutive days during wartime and 180 days during peacetime. Members of the National Guard and reservists must have served at least six years. In addition to these service requirements, VA home loan requirements include property, income, and credit score requirements.

After eligibility is determined, the applicant will enjoy some of the best benefits available in any home loan. The benefits include a no down payment requirement, lower monthly costs, no-prepayment penalties, no mortgage insurance premiums, and lower interest rates. By taking advantage of these benefits, the applicant might become a homeowner in an increasingly more expensive housing market.

USDA Home Loans

Both FHA and VA offer excellent alternatives, for people in the lower middle class, to the often expensive conventional home loans. However, the dream of homeownership is not exclusive to people in the middle class, and that is where USDA home loans come in. Loans administered by the USDA are meant for lower-income families that would otherwise not be able to qualify for FHA or VA home loans.

Being eligible for these loans requires that applicants live in a rural development community and that their income is low to moderate. Moreover, the property that is used for the USDA home loan must be a modest single-family home with no extra features like in-ground pools. The home should also not be used for any business purpose whatsoever.

Conclusion

It is no secret that homeownership is a dream for most Americans who work hard to achieve that dream. However, for many who might not be informed about Government-backed home loans, homeownership might seem to be just a dream. Mostly due to the high cost of conventional loans and often unforgiving eligibility requirements. However, by understanding Government loans, borrowers can now qualify for a mortgage on a home and save more money than they would have with regular home loans.

Phil Georgiades is the CLS for FedHome Loan Centers, a brokerage specializing in first-time home buyer loans. He has been practicing real estate for over 22 years. To learn more about programs available to you or apply for an FHA loan. Call us at (877) 432-5626.

How ATM Technology Has Changed Overtime

Two focuses of my blog are Financial Literacy/Money and Technology. The concept and use of money has continued to evolve within civilization. A significant invention is the creation of the ATM. The following contributed post is entitled, How ATM Technology Has Changed Overtime.

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ATM banking tech has made customers’ lives much easier as the technology allows for seamless transactions anytime, anywhere. Varying bill denominations and cardless automated teller machine access represent two significant breakthroughs that are set to enhance consumers’ banking experience. While financial technology has a long history stretching back to the 1960s, here are four unique features revolutionizing ATMs today.

1. Paperless receipts

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If you are a customer who regularly visits banking halls, perhaps the sight of receipt-littered ATM cash points is something you are used to. The majority of customers print their receipts only to glance through their balance and dump the paper into the trash can or drop it on the floor. To some people, printing ATM paper receipts is a fun activity that spices up their banking experience. To address litter and keep their banking premises clean, financial institutions resort to paperless receipts via email.

2. Varying bill denominations

In the USA, ATMs were used to dispense cash only in single denominations such as the $20 bill, making it challenging when change was needed. Realizing that customers want more flexibility in ATM banking, banks have introduced more innovative ATMs that can now dispense multiple denominations of currencies. This has simplified cash withdrawal processes for consumers. Today, institutions like Chase and PNC are rolling ATMs that can issue smaller denominations, including $1 and $5. Being able to withdraw your money in smaller currencies means you won’t end up withdrawing less or more than what you actually need.

3. Cardless ATM access

The smartphone age has prompted innovators to consider building cardless ATM systems. People will be able to use their smartphones to access their ATM funds without any need for cards. Several smartphone manufacturers are starting to build mobile devices with near-field communication (NFC) features. These will make it possible for smartphones to communicate with ATMs in proximity. SunTrust bank intends to implement this feature in their ATM so that customers can use their NFC-enabled phones to transact with their ATMs without cards. This means that smartphones could essentially eliminate debit cards at ATMs in the next few years. Automated teller machines have remained relevant for the past half-century, and the technology behind them continues to evolve for the better through invention and reinvention.

4. Contactless payment and biometric ATMs

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Self-service digital banking and automated banking tech are getting smarter by the day, with some ATMs now offering “tap and go” contactless payment options. ATMs with biometric recognition features can identify customer’s fingerprints, irises, and voices. The vital role of ATMs in the financial system owes its success to the effective collaboration between bankers and engineers.

It took more than two decades for ATMs to gain worldwide acceptance, and as of today, there are over 3.5 million of them around the world. Besides, many innovative companies specialize in ATM repair and installation across Northern California and the USA for customer use. If you can keep your ATMs running efficiently 24/7, you are more likely to boost your customer satisfaction.

3 Ways To Ensure Business Success For Your Construction Company

Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. The construction industry is it’s own unique industry and as such, if you’re in it, there are certain things you need to do to be successful. The following contributed post is entitled, 3 Ways To Ensure Business Success For Your Construction Company.

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After a difficult year owing to the COVID-19 pandemic, it’s likely that you are going to want to ensure your business remains successful in 2021. Construction companies were fortunate in that they were able to work throughout the majority of lockdown. However, that is no reason to rest on your laurels. Here are three ways to ensure business success for your construction firm.

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1. Focus On Better Customer Service

Repeat business results in success. So, when it comes to your construction company, you need to ensure that your firm is doing its bit to provide excellent customer service to your clients. Remember, people buy from people, so if your project managers aren’t going above and beyond for your customers, then you will need to rectify that. It may be worth sending your employees on a customer service training course to get them up to the necessary standard. It is through excellent reviews and customer referrals that you will earn new business, so make a concerted effort to focus on better customer service to remain successful in the construction space.

2. Use The Best Products & Techniques

Having the industry know-how is one thing but utilising the best techniques and using the highest quality products on your job is what will set your business apart from the other construction companies in your area. For instance, don’t just settle for standard excavation, invest in hydro excavation to improve your industrial projects. If you’re wondering what is hydro excavation, it is the use of a vacuum system and a high-pressured water device for excavation. It’s much more convenient for construction firms as it alleviates the risk of potential underground infrastructure damage, meaning your industrial project can be much more efficient and risk-free. It is by using these sort of techniques that you will become known for being the best construction firm in the area, ensuring you remain successful as a business moving forward.

3. Level Up Your Marketing Output

You need to create a strong online presence to be successful in any sector nowadays – and this is especially true in the construction industry. If you are relying on a junior team member to pop up a few posts on social media as your marketing strategy, then things need to change. Consider bringing onboard a specialist PR or marketing agency to enhance your business’ reputation in the marketplace. Be strategic with your marketing. Make use of digital techniques such as SEO, PPC, or even paid social media campaigns to illuminate your firm in a crowded market. Can’t afford the costs of an agency? It may be worth bringing some expertise in-house to help your construction company grow its marketing output. If you’ve never hired somebody in this space before, it’s probably worth working with a specialist recruiter to get the right person.

Hopefully, these three tips will ensure that your construction firm remains successful in 2021. It’s been a difficult year but it’s important that companies focusing on growing and not just recovering over the next twelve months. These pointers will stand you in good stead!

Why You Need To Take Care Of Your Commercial Property

Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. If you’re conducting business on a commercial property, it’s imperative that you take care of it. The following contributed post entitled, Why You Need To Take Care Of Your Commercial Property.

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If you own a commercial property for your business, you might not think too much about the maintenance of that building. After all, if you’re going to maintain any building, it will be the one you live in, not the one you work in. Yet there are some enormous benefits to taking care of your commercial property in the same way you would your own home. Whether it’s painting, remodeling, refurbishing, or even tearing everything down and starting all over again, there is always something to be done.

Read on to find out what they are; you might decide to implement a proper property maintenance plan once you know why it’s so important.

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Save Money

There is an old saying that goes, ‘a stitch in time saves nine’. In other words, mending something when the problem is only tiny will prevent you from having to deal with a much larger problem later on (one stitch is quicker than nine). The bigger the issue, the more you’ll have to pay to have it put right, either because it takes more time or because you need to call in experts.

No matter what the issue is, dealing with it immediately and taking care of your property by ensuring you carry out regular checks means that you will save money in the long term, and that is important for any business.

Good For Your Staff

When you have employees, you will have to follow many different rules and regulations to ensure they have a comfortable, safe working environment. Not only are these rules the law and could result in a hefty fine or even imprisonment if you disregard them, but having happy workers means a much more productive and successful business overall. It makes sense to take care of your employees.

One way to do this is to give them a safe and comfortable place to work in. By carrying out maintenance that could include calling in commercial pest control experts or fixing the roof so that it doesn’t leak, or upgrading the heating system so that it’s not too cold, you can have a much more effective workforce.

A Good Reputation

It’s important for all businesses to have a good reputation. A poor reputation will result in fewer sales, and it might even be difficult to attract talented employees. First impressions count for a lot when it comes to your business’s reputation, and an attractive-looking premises, whether it’s a shop, office space, warehouse, or other facility, will always offer a much better impression than something that is dirty and in need of repair.

Even if you don’t have many visitors to your workplace, that is no reason to assume you never will, and no reason to neglect this critical maintenance. It might be that the one visitor you have is an important one, and the condition of your place of work, the place from which you are running your business, could make a big difference in the outcome of crucial talks.

How To Provide The Best Service For Your Customers Everytime

Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. No matter what business you’re in, you want your customer service to be exemplary. Doing so will ensure that your customers comeback and they may even tell others. The following contributed post is entitled, How To Provide The Best Service For Your Customers Everytime.

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Delivering the best customer service is something that all businesses strive to achieve, but it is often a struggle to make this a reality. Running a business is a complicated task, and there is always something that needs to be done. The pressure of having too much to do and not enough time to do it can often mean that customer service suffers. Trying to find a balance between completing everything you need to keep your business operating each day and delivering an exceptional customer experience is a challenging balancing act. Finding tools that help make it easier for you to provide excellent customer service is the best way to solve this issue. If you are struggling to offer high levels of customer service, why not give some of these ideas a try?

Outsource Your Call Center

Monitoring customer phone calls and dealing with every customer query yourself may feel impossible. However, taking on an extra team to handle these calls on your behalf can be cost-prohibitive. To overcome this issue and get the customer support you need without recruiting a customer service team, you could look for Inbound Call Center Solutions that will handle this time-consuming task on your behalf. This will allow you to benefit from a trained and skilled team of representatives taking your phone calls while you concentrate on growing your business.

Make Your Website Easy to Use

If you want to increase sales and provide high levels of customer satisfaction, your website can help. Improving your website to give a flawless customer experience is the best way to improve your conversion rate and make shopping a seamless process for your customers. This will enable customers to find everything they need immediately and will ensure the checkout transaction is smooth and fast. Adding a frequently asked questions page will make it even simpler for your customers to find the answers they need and improve their experience using your site and dealing with your business.

Deliver High-Quality Products

Even excellent customer service will not be enough if your products are not high-quality. Producing the best quality products will ensure your customers are satisfied with their experience of using your business. Making every effort to create your products to the highest standards is the first step toward delivering the best customer service. The next step is to ensure the products reach your customers on time and in the best possible condition. Taking care of how your products are packaged and using a reliable delivery firm so they get to your customers fast will help impress your customers. The combination of high-quality products and fast delivery will leave customers delighted with your service.

Integrate Customer Management Software

For those businesses that deal with a high volume of orders, it can be hard to keep track of them all. Investing in customer management software is the best way to reduce this burden and make your business more efficient.

Having a comprehensive overview of every order and ensuring customers receive updates when their products have been shipped are essential features of any customer relationship management system. These tools will also provide you with useful analytics about how customers interact with your website and will allow you to tailor their experience for maximum satisfaction.

For example, suppose your business sells solar panels. In that case, you could use this solar sales software that tracks how your customers use your website, where they come from, and how many sales you make, as well as managing relationships with the customers. This data will help you identify areas of improvement and tweak your service to deliver the best customer experience possible.

Final Thoughts on Customer Service

Providing the best customer experience relies on a combination of factors. You will need a call center to professionally handle your customer queries and make the shopping process a hassle-free experience. Finally, excellent quality products delivered on time will ensure your customers receive the best service every step of the way.

Habits Of Successful Investors

Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. Many people hear about investing and want to get involved, but don’t know where to begin and or to stay on track if they start. The following contributed post is entitled, Habits Of Successful Investors.

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Becoming an investor requires a lot of constant research and planning to ensure that you are successful.

Planning is key

Ensuring that you have a plan in order to reach success is key. When it comes to making a plan, you do not need to invest in a fancy plan or hire someone to create you one. First of all you need to set your main outcome or goal of investing for a certain time period. This way you have something to work towards that you can aim for. You can use things like Platinum Data to help you to move forward with your goals in a way which is easy so setting the right goal to push yourself to success is important.

You want to be using this time to be saving any extra money to allow you to use it for a later date to help you to have the chance to double it. The basic knowledge to hold is to put away at least 20% of your earnings which includes anything that your employer matched.With this in mind you need to be saving money by thinking before making every purchase to ensure it will be worth your time.

Investing

So that you make the most out of every penny you own, it is a good idea to keep an eye on the market constantly. Rather than using a lot of money on each investment, try to concentrate on the low-fee investment products as these will have a higher turn over due to its expense ratios. Research on the best investment products that will offer a good value in doing so, to avoid you losing out on money. It is normal to feel uneasy when the market drops but sticking with your instincts can continue to have a long term impact which will allow you to reach your goals that you set.

Focusing on the right things

After-tax returns could really benefit you to become big. Some accounts will have positive annuities which is a great way of getting you a better after tax return. This is often a great way of using your money to generate more on smaller amounts. These smaller amounts can add up fast. A good method is to put a varying amount of money into multiple types of accounts that are based on the tax efficiency of the tax treatment of the type of account.

Take care when looking at taxes as this shouldn’t benefit you alone as this method is just to top you up and be an added bonus.

Although investing can be a complex method, it requires smart thinking and constant watching to complete successfully yet it can help you reach your goals. The planning process can be such a big impact that it can help you to stay within your plan so you don’t go off astray that you make unnecessary investments that do not help you in the future. It is best to be confident in your plan to ensure that you make reasonable investment to be successful.

3 Ways to Fund Business Growth

Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. Even after you’ve started a business, you have to think about it’s growth. There are multiple ways to do so. The following guest post is entitled, 3 Ways to Fund Business Growth.

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Growing your business can give you the opportunity to generate higher revenues and increase your profits, but you’ll incur more costs too. If you’re expanding your operations or increasing brand awareness, for example, you’ll need to ensure you’ve got the funds required to finance your plans.

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Fortunately, there are plenty of options when it comes to securing funding, particularly if you’ve got a good track record as a successful startup. To learn more, take a look at these three ways to fund your business growth:

1.Reinvest Your Profits

If your startup is performing well, you could reinvest your profits to fund your expansion. With no need to access external funding, this minimizes the level of risk associated with your company growth and means you won’t have to obtain approval from anyone in order to proceed with your plans.

Although reinvesting your profits can certainly be a viable option, it isn’t always sufficient. If your startup’s profits aren’t going to be enough to fund your growth plans, you can always supplement your reserves with additional financing.

2. Secure a Business Loan

For most startups, securing a business loan is, perhaps, the easiest and most efficient way to scale upwards. With a variety of repayment terms available, you can customize your business loan to match your growth strategy and objectives.

Although you’ll need to gain approval from a lender in order to obtain a business loan, this can be easier than you think. If you’ve been operating successfully as a startup, this can be used to impress potential lenders, for example. To learn how to increase your chances of successfully obtaining a business loan, take a look at this blog post from advancepointcap.com and find out how to build up business credit now.

3. Sell Shares in Your Startup

If you need an injection of cash to fund your growth plans, selling shares in your business can be a viable option. Of course, you won’t be ready to float your company on the stock market just yet, which means private investors are a more realistic option.

Before you can do this, however, you’ll need to have your startup valued or calculate how much your business is worth yourself. Bear in mind – this is a tricky thing to do, so hiring a professional to value your startup can be a worthwhile investment.

Once you know what the commercial value of your business is, you can pitch your growth strategies to potential investors and offer them a share of your business. Although this can be an effective way of securing funding, it does mean that you’ll need to relinquish ownership of at least part of your business, so think carefully about whether this is something you’re prepared to do.

Are You Ready to Grow Your Business?

Securing funding is a critical element of scaling your business, but it isn’t the only thing to consider. From researching the market to hiring more staff, there are numerous aspects of company growth that you’ll need to address. With a comprehensive and strategic approach, however, you can ensure that scaling your business leads to long-term success.

What It Takes to Create A Strong Online Presence

Two focuses of my blog are Financial Literacy/Money, Business/Entrepreneurship and Technology. In today’s digital age, the majority of business is conducted online. As such, you want to create as a strong a presence online as possible. The following contributed post is entitled, What It Takes to Create A Strong Online Presence.

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How solid is your digital presence? Ever since the digital era took hold worldwide, people have seen the need to have an online presence to support business growth. However, not many give much thought to going beyond having a website. The idea of creating a solid online presence is to capitalize on the several advantages the internet offers. Today, it’s not good enough to just have an online footprint. Besides, with 4,208,571,287 internet users worldwide, you have no choice but to employ tools that set you apart from the rest. Here are a few strategies worth considering:

1. Build a captivating website

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Your website is the face of your online footprint. It’s the first impression you get to create on people who chance upon your digital address. No matter how well known your brand is, without a solidly captivating website to draw more people, your product or service will be impacted negatively. Apart from being visually appealing, an excellent website must have the following features:

● User-friendly
● Quick loading time
● Suited to drive conversions from web traffic

Nonetheless, the most critical feature of any good website is security. How secure are visitors or guests to your page? Was your website built with a focus to protect visitors’ digital details from virtual attacks? These are essential questions you’ll need to answer if you intend to create a solid presence in the virtual space.

Fortunately, as technology advances, new software is developed to cater to these growing demands. For example, the JAMstack website builder is one such application changing the face of websites worldwide. It’s faster, secure, and designed to beat the competition. It would help if you tried it for lasting positive results.

2. SEO

Search Engine Optimization is a tool you can’t overlook in today’s competitive online world. This digital tool is designed to singularly influence how well your online presence ranks among a sea of others within the same space. According to Statista, over 64% of Americans prefer to conduct an online search on products or services before making an actual purchase. Therefore, companies with excellent SEOs tend to benefit more from such online searches.

Today’s consumer is more discerning, a lot more internet-savvy, and exhibits changing behavioral purchasing patterns. As a result, you should leverage the benefits of search engine optimizations and factor that into the kind of quality content you produce for the end-user.

Moreover, SEO has a direct influence on website performance and traffic conversions. Furthermore, it’s advisable to make a deliberate effort to stay updated on the latest SEO trends not to lose your online influence. Without it, you’ll be no different from those without digital footprints.

3. Be geared toward mobile influence

According to Pew Research, the mobile phone penetration rate in the United States stands at 97%. With the advancements made in the smartphone industry, more Americans own mobile devices that allow them to gain instant access to the internet. Therefore, laptop and desktop computers are gradually coming second to the smartphone, regarding internet access.

Have you optimized your online pages for tablets and smartphones? Because many Americans find their smartphones and tablets convenient for web browsing, you should think along those lines. Suppose your digital pages make it impossible or difficult for mobile users. In that case, you should be ready to record a drastic drop in your followers, customers, or general internet users.

The same Pew Research study reveals that by 2025, business owners stand to lose almost 90% of income generation channels if they fail to make their content mobile-friendly. There’s hope, however; if you’re unsure about your digital status, take a mobile-friendly test by using Google analytical tools. On this platform, you get to resolve relevant usability issues.

4. Register in business directories

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Do you remember those bulky yellow pages? Well, they have also gone online, and so should you. Online business directories are designed to simplify the search for credible businesses in varied locations. How quickly do you intend to be found by consumers? Customers tend to trust directories a lot more than online reviews because these listings undergo thorough verification processes. As a result, there is a significantly reduced chance of seeking an inefficient service provider’s assistance.

In conclusion, your commitment to creating a robust online presence should be driven by the desire to meet growing needs. Besides, as a business owner, you’ll be doing your establishment a lot of good by taking the necessary steps to carve a niche in this competitive space.

Achieving Success Day-One Success With Your Ecommerce Business

Three focuses of my blog are Financial Literacy/Money, Business/Entrepreneurship and Technology. Many people have successfully launched ecommerce businesses. If you start one, you want to “hit the ground running” as they say. The following contributed post is entitled, Achieving Success Day-One Success With Your Ecommerce Business.

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The last year or so has seen a dramatic shift in the way that many people do their shopping. While e-commerce websites have long been popular, they have never seen as much attention as they have over the last couple of years. For small businesses, this presents an excellent opportunity to get their products into the hands of customers across the world. But how exactly are you supposed to make this sort of website successful from day one?

Social Media

Social media has long been a popular tool for online businesses, offering a way to advertise yourself for free while reaching huge audiences. Building a social media presence before you open your store will help you to develop a customer base that will be eager to shop with you from day one. It can be worth getting help with social media if you haven’t used it much in the past, but you can find a marketing agency that will be able to guide you through this process.

Search Engines

Google, Bing, and the other search engines used on the web today have provided an excellent way for people to find small businesses for a long time. Much like social media, you can build your presence on search engines before you open your website, and this will require a process known as SEO. This can be quite complicated when you first start out, making it well worth taking the time to research it before you dive right in.

Hype Building

Building hype can enable you to develop a customer base for your product without having to sell anything. Many companies do this through social media, using teaser trailers, celebrity endorsements, and other tricks that will appeal to their customers. Building hype can be a great way to make your product take off, but you need to make sure that you approach this carefully. Companies that fumble when they try to build hype can end up having the opposite effect, drawing people away from their products.

Your Website

The website that you will be using to sell your products will be instrumental in your success in the beginning. You will have to work on things like SEO, but you will also need to build a website that looks great and functions smoothly if your customers are going to be drawn in. Platforms like Shopify can be ideal for this, providing you with a secure and easy to use system that will enable you to get up and running in no time at all.

Ecommerce can be a tricky game, and it often takes quite some time for a site to develop into a major success. Of course, though, you can speed this process along, enabling your website to get customers from day one. It’s never worth being disappointed if you don’t get the results you want; you just need to do some learning and spend more time perfecting your online business.