The speedy growth of the internet has brought tremendous growth in online opportunities. Customers no longer have to go to a store to purchase goods or services. They can now do transactions from the comfort of their homes or offices.
The following are some of the incredible benefits of online business.
It is flexible
Everybody loves flexibility. Operating your business round the clock, creating your own hours, and speaking to your clients past the business hours can make your life and client’s lives much easier. With traditional business, you may go to a shop to inquire about a product and find that they are closed, and their website may not have the information you need. But an online shop enables you to access everything you need 24/7.
Online business also allows you to set up chat features on your website where you can chat with your customers- they can ask questions, and you respond to them. That personal connection with your customers can generate more revenue because you shall have gained their trust.
2. It requires less capital and effort to start
Many businesses require a lot of capital, time, and effort to start. But with an online business, you don’t have to wait for days or even weeks to start. For traditional businesses, the business owner has to pay for the office space, physical inventory, printed stationery, etc. These expenses can be too costly. But with an online business, the only real expense will be a domain name and a hosting account. Even if you decide to buy inventory or invest in things that will make your business operation easier, the overall investment will still be significantly less expensive than maintaining a physical office store.
3. You will find the ultimate job security
Many people assume that online business is too risky. However, this is not true. When you learn to do your business online, you are actually training yourself to create ultimate job security. If you can sell your products and services online, the chances are that you will be able to repeat this process with a lot of enthusiasm. Considering how many companies are shutting down, it would be better to learn how to make money online instead of relying on a single employer.
4. You will get an extensive network of customers
Doing your business online can give you access to a much larger pool of customers. Millions of people own smartphones and they can access your services from any part of the continent. With a traditional business, you only get customers around your business location, making it hard to access customers from remote places.
5. Low-cost marketing
The internet provides you with multiple ways to market your business at minimal or no cost. You can write articles or create a blog that provide people with essential information about your products or services. You can also use Google Adwords to market your products and services. Google Adwords allows you to create ads that people may see when they search for a keyword that relates to your business. You can also exchange links for free or purchase advertising space on other websites.
6. You can easily increase your earning potential
If you are employed in a 9-5 set up, your earning power depends on your field and your experience. For instance, if you work as a tutor, you can gain all the certifications and experience you want, but you are less likely to ever hit the same amount of salaries of lawyers and bankers. But when it comes to online business, the sky is the limit!
If you can successfully sell one product online, you can train yourself to sell even more. You will no longer have to negotiate a raise because you’ll have the knowledge and power to generate an additional income.
7. Ease of transactions
An online business makes it easy to make transactions. You can create a secure page on your site where customers can pay for your products or services by credit cards or through online payment services such as PayPal. This reduces the need to send out paper bills, and you will also receive payments quickly.
There is no doubt that some families encounter difficulties when trying to make ends meet. This often results in parents being forced to work longer hours and a great deal of strain can eventually be placed upon all members. However, many individuals are also realising the power of online retail sales. These virtual stores can supply much-needed liquidity and they are also associated with a great deal of flexibility. One interesting approach to consider is known as drop shipping. As opposed to dealing with complicated issues such as storing physical inventory and tracking shipments, a third party deals with these logistics. Not only is this an excellent way to enjoy a greater sense of efficiency, but it frees up additional time. Let’s take a look at three reasons why professional dropshippingrepresents the wave of the future.
Less is More: Taking Control of Your Online Business
The main benefit of drop shipping is that you are no longer forced to spend an inordinate amount of time tackling concerns such as shipping fees and order tracking. This method is associated with two results. First, you can devote more effort towards developing your products and putting together solid online promotional campaigns. Secondly, the time that is saved can be spent with your family as opposed to in front of a computer display.
Physical inventory has likewise been taken out of the equation. Let us imagine for a moment that you have decided to sell custom-made t-shirts. Assuming that your client base is continuing to increase, you will inevitably encounter problems with on-site storage. You may even be forced to rent a separate storage centre in order to stock this inventory before shipping. As a third-party drop shipping service physically holds the products themselves, the previous situation will no longer present a concern.
The final advantage associated with drop shipping revolves around return on investment (sometimes known simply as “ROI”). You will often be provided access to better shipping rates; especially if you are selling items in bulk. Additionally, many items which can be drop shipped are able to be purchased at or below the suggested online retail price. Customers will appreciate the fact that they are saving money, so you are likely to enjoy a higher amount of interest during marketing campaigns. It is also worth mentioning that you are able to offer best-selling products alongside niche items that are intended for a very specific audience. Such a variety will naturally appeal to the online audience.
Putting Your Family First with the Right Software Providers
Now that we have explained the mechanics and benefits associate with drop shipping, how can you get started? You will be pleased to know that the process is much easier than it may appear and no previous experience is needed. The technical platform itself can be quickly integrated into your website as well as any associated sales and marketing campaigns. Of course, some software providers are better than others in terms of responsiveness and agility. This is why a growing number of self-employed individuals are choosing to leverage the advantages offered by Oberlo. This intuitive bundle will provide you with everything required to take your business to the next level.
Such software packages are also useful due to the fact that they offer a centralised means to appreciate which products are the most popular; a very real concern in regards to analytics. By taking so much guesswork out of the equation, you will be able to spend more time with your family while still enjoying a healthy profit margin.
However, keep in mind that success within the online community will take time and patience. It would be unrealistic to believe that you could become independently wealthy overnight. This is why many drop shippers first begin as part-time workers. As their sales volume grows, they can devote more effort towards establishing a rock-solid business. Many of those who began working a few hours every week have now migrated into the realm of full-time digital sales. Of course, the end result is up to you. Whether intended to earn a small side hustle or to offer the family a substantial source of additional income, the possibilities are as endless as the products that can be marketed.
It is always a good idea to research the topic in greater detail, as this article was only a brief overview of what you can expect to encounter when employing drop shipping provider. Many industry analysts feel that such an approach is set to transform the ways in which online transactions are carried out and it will be very interesting to see what 2019 has in store. Either way, the tools are at your immediate disposal. Why not work smart as opposed to hard? The future is very much in your hands.
When you are strapped for cash, getting a short-term loan is what most people can think about. Unlike in the past where you had to make a trip to the bank and apply for a loan, now you can get a quick short-term loan at the comfort of your home.
However, it’s important that you make an informed choice to ensure that you are getting the most suitable online loan. Doing this requires that you have a clear understanding of various aspects of the loans as well as the lenders. In this article, you’ll learn some actionable tips to help you get the best loan.
Consider your intended use for the loan to know exactly how much you need to borrow
There are multiple reasons for taking loans but the reason behind the borrowing could influence the available choices. There are some lenders who are not concerned with how you spend the money but there are others who limit where the money can be spent.
After knowing how the money is going to be used, you can now settle on an amount that is sufficient to cover the expenses as well as any upfront fees for the short term loan. If you are using the short-term loan to take care of a major expense, then it’s important you create a budget and capture every expense.
Basically, almost every lender has the minimum loan as well as the maximum amount available for their clients to borrow. When you know how much you need, it’s easy to choose the most appropriate lender.
Image source The Blue Diamond Gallery
Take a look at your financial situation and determine the monthly payments you can comfortably pay
If you are not confident in your financial situation, it’s likely that you won’t be comfortable with the payments. Generally, there is no point in taking loan whose monthly payments will stretch your finances and make life unbearable.
Before you settle for a short-term loan, it’s important to know if you can manage to pay the monthly payments and at the same time pay all your bills. This calls choosing a loan with favorable terms that are largely determined by the following factors.
The repayment period and this is usually in months
The amount borrowed
The interest rates charged
To be on the safe side, choose a monthly payment amount that allows you to have some extra cash to take care of other financial obligations. If you are patient in your search, you’ll find multiple lenders who can give you a short-term loan that suits your financial situation.
Choosing the right online lender
While finding an online lender willing to offer you a loan will be easy, picking the best from the sea of different lenders isn’t easy.
To get started, ask a few trustworthy people if they have used any loan provider in the past. If you don’t have a relative or friend with such knowledge, you can ask a reputable financial professional. However, you should be cautious when taking recommendations from people who get some commissions from lending companies.
Check the credentials of the lender to ensure that they are authorized to conduct business in your state. It’s also important to check the lender’s rating with the BBB as well as the reviews on their websites.
The most appropriate $5000 income based lender is one who has sufficient experience in the financial industry and understands the market dynamics. You should settle for lenders who have a good track record since they already have a reputation to guard and therefore have a tendency to offer better customer service. Otherwise, avoid any fly-by-night operators who are characterized by little or no reputation in the market.
Look beyond teaser rates and calculate the APR
A legitimate lender will always strive to offer loans with transparent and reasonable terms. However, you’ll come across multiple adverts that quote the low rates just to get your attention. Don’t take the bait because the rates quoted “as low as” are normally out of reach for average borrowers.
Instead, settle on lenders who are free to reveal the exact APR for a loan without presenting you with multiple figures for the same loan. The APR should be made of the loan fee, interest rates, and the loan term so a good company won’t be presenting some additional rates.
Read the fine print in the loan agreement
While it’s important to deal with companies with a sufficient experience, track record of great service, nothing can equal a clear understanding of the loan agreement.
If a lender is good, they will include all the fees and charges in the agreement. However, it’s important to study the document just to be sure that there aren’t any hidden charges that can cause problems along the way. Normally, you’ll find the hidden charges disguised as application fees, pre-payment penalties or membership fees.
But if the agreement captures all the expected terms and rates that you are comfortable with, you can go ahead and sign it. You should know that this is a legally binding agreement and you are expected to honor the agreed terms.
While it’s important that you be on the lookout for predatory lenders, you must exercise responsible borrowing. As a rule of thumb, short-term loans are only meant to be used to solve short-term financial difficulties. This is because most lenders expect you to repay the money in a few weeks or months.
In addition, it’s always prudent to draft a budget before taking a loan so that you can be accountable for the expenditures. If you realize that you can’t meet the loan obligations due to unforeseen circumstances, you should communicate with your lender immediately. In most cases, they are ready to help by offering alternative rates and terms that are suitable to your current financial state.
Online loans are not new in the market. In fact, most of the traditional banks that had not adopted the technology are now actively doing business online. This offers the advantage of lower operating costs, efficiency and convenience to both parties.
Since you can easily compare different lenders in a short time, you have the advantage of choosing the most appropriate lender to work with. The tips discussed here can help you navigate the pitfalls of online short term loans.
Blogging, social media, SEO, online advertising — digital marketing comes with a long to-do list — which is the last thing a busy business owner needs. You’re already responsible for product development, customer service, management, and accounting, but you also have to promote your company and your product.
Instead of trying to plan and execute the perfect digital marketing strategy, start with a few high-yield, low-labor online marketing tactics. Even with your packed schedule, you can squeeze in these five tasks within the next 30 days.
1. Update Your Business Listings
Listing your business in many places with a correctly spelled business name, along with an accurate address and phone number, makes it easy for customers to find you. Another nice benefit of improving your business listings: It’s good for local SEO.
Create a consistent name, address, and phone number (NAP) format for your company. If you use a CMS, copy and paste it into a widget so it populates every page. Make sure it also appears on your “Contact Me” page.
Check your existing social profiles. Add your NAP to business social media profiles, and include a link to your website.
Add your name to relevant directories. Submit your updated NAP to professional organization member directories, local small business listings sites, and other high-quality sites that will refer customers to your business.
List your business information with search engines. Submit your listing to Google My Business, Bing Places, and Yahoo Local. Be sure to follow up on any verification requests.
2. Optimize Your Business Web Pages and Social Profiles
Incorporating specific keywords into your business Web pages and improving how your site looks in search can improve your search rankings and send additional traffic your way. It’s also a great first step toward developing a solid SEO strategy.
Research some keywords related to your business. Visit your Google Webmaster Tools page, choose your website, and find Search Analytics under search traffic. Look at queries people used to find your site, which will give you some initial keyword ideas. Plug your ideas into Ubersuggest or Wordstream’s free keyword tool to generate a list of keyword ideas. Also, research your competitors’ sites to see which keywords they rely on to attract search traffic. Once you have some keyword ideas, incorporate them into your Web pages and social media profiles without overstuffing your text with keywords.
Create better title tags and meta descriptions. If you use WordPress, add the SEO by Yoast plugin, and fill in title tags and meta descriptions for each page. Incorporate your keywords, and make them compelling so people won’t be able to resist clicking. Website content writing at a very high level may require the services of a professional copywriter.
3. Write One Blog Post Per Week
Weekly blogging serves up fresh content for search engines every week and consistent content to share on social networks. Seeing what you know written down and shared also accomplishes other important goals, such as increasing your confidence, fine-tuning your marketing message, and creating new opportunities to communicate with customers.
4. Develop a Social Media Routine
Social media can become an inescapable time vortex if you’re not careful, but you can’t avoid it either. Try these tips to manage business social media in fewer than 20 minutes per day:
Check the day’s activities. Respond to notifications, mentions, requests for connections, customer service queries, and other immediate issues.
Browse your feeds. Scroll through your feeds and hashtags relevant to you to catch the latest news.
Post something. Share a link, make a comment, or offer a promotion related to your company. If you use a tool like HootSuite or Buffer, you can create multiple posts and schedule them ahead of time.
See which posts and shares performed best for you, and learn more about your followers. Repeat your successes, and keep experimenting as you learn more about your audience.
5. Spend $1 per Day on Facebook Ads
Facebook has outstanding demographic targeting tools to put your business in front of prospective customers. Spend $30 this month experimenting with Facebook ads. Next month, keep experimenting before moving onto Twitter promoted tweets or Google AdWords.
The key to getting started with online marketing is simple: just get started. You’ll be surprised by how much you’ll accomplish when you take the 30-day challenge.
The Internet allows entrepreneurs to operate businesses from the comfort of their own homes. But there’s much more to running an online venture than simply logging on. Studies show that more than nine out of 10 online companies fail within just four months. These industry secrets can help you jump start your online business and give it the best chance of success.
Many online business owners think their online presence will begin with their website. But a good site takes time to develop, time that could be spent generating buzz and collecting the email addresses of people interested in your firm. A landing page is the ideal solution. Online services make it easy to get one with very little design or programming know-how.
Take Care of Logistics
An online business takes more than a website. There are many logistic matters you must take care before you start collecting from customers. Some U.S. states require online businesses to register for a business license. You may also decide to take out business insurance to protect your new company. Details like this should be handled early, so you can start focusing on business operations sooner.
An online business might not have the hefty overheads of a bricks and mortar company, but that doesn’t mean funding isn’t important. Funding will help you secure a strong domain name, purchase the goods or materials you need to operate, and employ the experts necessary to fill gaps in your own knowledge. Even if you’re confident in your business knowledge, you’ll probably need to hire a designer to create a professional looking website and corporate branding.
Companies like bad credit business loans are ideal if you’ve been turned away by other lenders. Note though that you need to be in business for at least three months to qualify for these loans.
Make a Business Plan
When you’re focused on jump starting your business, it’s easy to forget the big picture. However, successful small business owners know that plans are essential for success. A weekly to-do list will ensure areas of the business aren’t overlooked. A more comprehensive business plan, which sets out your business goals for the next month, the next year, the next five years, and beyond, will also help give your company direction.
Spread the Word
An online business needs customers which you’ll gain by marketing your company. When you’re starting out, it’s smart to take advantage of free services like Craigslist, free online business directories, and social networking sites. Create a business account with social networks you already use, share it with your friends, and encourage them to spread the word. More than 90 percent of people trust the company endorsements of family members and friends, so this kind of word-of-mouth advertising can really help establish your company’s good name.
Working from home as the boss of your own online business sounds ideal, but it’s not as easy as it might appear. Keep these tips in mind to jump start your online business and give it the best opportunity to grow.