#Blog – Lendio

[hildatjames]

Bad Credit Business Loans Review- $50,000 Guarantee Approval Bad Credit Business Loans No Credit

Navigating the World of Business Loans: Your Guide to Funding for LLCs, DBAs, S Corps, and C Corps

Securing the right business loan can be a game-changer for entrepreneurs and small business owners. Whether you're an LLC, DBA, S Corporation, or C Corporation, there are a variety of options available to you. In this blog post, we'll explore the best business loans that don't require a credit check, so you can focus on the growth and success of your company.

The Unconventional Loan Landscape

When it comes to business financing, traditional bank loans and SBA loans are not the only options. There's a growing market of alternative lenders that offer unique opportunities for businesses. These lenders don't focus on your credit score, D&B number, net 30s, or Paydex score. Instead, they're more interested in the overall functionality and revenue of your business.

Key Considerations for Alternative Business Loans

Home-Based Businesses: Even if your business operates out of your home, you can still qualify for funding from these lenders. Your business address doesn't matter as long as you meet their requirements.

Profitability vs. Losses: If you've been consistently claiming losses on your tax returns, that could hinder your ability to secure funding. Lenders prefer to see profitability in your business.

Building Business Credit: To position your company for future success, it's crucial to establish a strong business banking relationship and make regular deposits. This helps build your business credit rating and paves the way for funding from major lenders down the line.

Alternative Lenders to Consider

Here are some alternative lenders that offer business loans without a credit check:

Lendio: Offers loans up to $10,000 after 90 days of business activity, with no focus on credit.

PayPal Loan Builder: Provides funding for businesses, even if you don't have an existing relationship with PayPal. A 620 credit score may be required, but you can leverage your PayPal revenue to improve your chances.

Uplift Capital: Offers merchant cash advances from $10,000 to $500,000, with a minimum credit score of 500.

Reliant Funding: Provides loans ranging from $5,000 to $400,000, with a minimum credit score of 525.

Rapid Finance: Offers loans from $500 to $5 million, with a minimum credit score of 500 and a monthly revenue requirement of at least $55,000.

McKenzie Capital: Focuses on the business, not the credit, with no hard pull on your credit and a minimum monthly revenue of $5,000.

Headway Capital: Provides loans from $5,000 to $100,000, with a minimum credit score of 550 and a monthly revenue requirement of at least $4,200.

Remember, while these lenders may not prioritize your credit score, they still have specific requirements related to your business's financial performance and history. It's essential to carefully review the terms and conditions of each lender to find the best fit for your unique needs.

If you're looking to explore your business financing options, I'd be happy to schedule a consultation and help you navigate the world of alternative lending. Simply click the link below to get started.

YouTube Source: https://www.youtube.com/watch?v=0lK-0bUAklc YouTube Channel: https://www.youtube.com/channel/UCwTiSgSSNPiNANoB2cREAAg Related Content: https://www.pinterest.com/pin/863283822361633775/

[sparkouttechsolutions]

12 Web App Ideas for Startups and Entrepreneurs in 2023

12 Web App Ideas for Startups and Entrepreneurs in 2023

Do you want your startup? 15 web app ideas that will excite you. Finding a promising app idea that will turn your business into a million-dollar company is a tough nut to crack. You can keep thinking about it and still not know what to do next. The reason is to be a careful observer and identify the critical niche that has been unexplored. The next thing is to find out its viability in a software service.

Once you have the idea of ​​the right app that is feasible for your startup, you have to start with more intensive research to realise the potential of your digital dream.

This blog discusses 15 web application development ideas that promise a bright future for your business. Before talking about them, let's take a look at the following data that indicates the market scenario:

The United States is the country with the highest number of startups, followed by India and the United Kingdom.

60% of startups say AI is the most promising sector for business growth, according to AI statistics.

Fintech startups consider customer acquisition to be the most arduous activity.

92% of companies trust websites and web applications for effective business digital marketing strategy.

According to a 2018 Lendio survey, personal funds are the most common strategy for startups

The startup failure rate is high when the number of employees is between 11 and 50, according to Failory.

And according to Forbes, the harsh truth is that 90% of startups fail to push themselves into the market. So you can understand the stiff competition out there. As an entrepreneur, you need to focus on both: when a startup fails and when it succeeds in the marketplace.

Well, this has been a quick and concise review for your business. Based on market research and analysis, the main web application ideas are as follows:

Language learning app

AR based e-commerce application

Toy sharing app for kids

Emergency Alert App

Custom Cake Ordering App

Invitations application

Food and drink delivery app

Online dating web app

Application to find a partner for sports

Document conversion web application

Application to book beauty services

Book Review Web App

Application to make memes and GIFs

Mobile cessation application

Blockchain-based trademark verification application

Drug withdrawal application

Let's explore some great web app ideas

1. Language Learning App

The language learning application requires the creation of software that allows users to learn a new language efficiently. 20% of students prefer to choose a foreign language only in the United States, according to Statista. Depending on the demand of the target audience of the foreign language, an application with multiple learning stages can be easily created.

Language Learning App Features:

Registration/Login as guest

Creation of the user profile

Multiple levels of teaching, from basic to advanced

Paid Expert Lessons

exams

Certifications for candidates

Social media integration to showcase user achievements

A language learning app can also have ecommerce features to sell e-books through the web app. This will automatically improve the app's monetization strategy. Language learning app creation cost: $20,000 to $30,000 Trendy language learning apps that can be used for research: Mondly, Mango, Memrise, etc.

2. Shopping applications based on augmented reality

Many companies have already gotten their hands on augmented reality to sell products. Among the most prominent are IKEA selling furniture, Sephora selling cosmetics, etc. According to eMarketer, the number of augmented reality users will reach 95 million in 2022 in the United States alone.

Sheets, towels, plants, jewellery, etc., and many more items can be included with Augmented Reality to offer an exciting experience to customers.

This type of software has mostly the same features as the original, along with the added AR integration.

Hire web app developers to build an advanced AR-based eCommerce app on an affordable budget.

Cost of building an AR-based eCommerce app: $40,000-$60,000

Augmented reality based e-commerce app that you can use to research: Sephora, Amikasa, Tap Painter, etc.

3. Children's toy and clothing exchange app

This doesn't have any direct marketing statistics to back it up, but the pace of children's growth leads parents to constantly search stores for new clothes and toys more in line with their age.

Instead of throwing away the old ones, parents can exchange them through this app. According to Research & Market, global toy revenue will reach $120 billion by 2023. A toy-sharing app can also act as a vital platform for advertising and selling new toys.

Features of Toy Exchange Apps:

Loading toys and clothes Search for toys and clothes Multiple filters based on location, gender, age and price Configure the app's logistics services Buying and selling functions can also be added to the toy exchange app Cost from the creation of the Toy Swap app: $16,000 to $25,000 Trending Toy app that you can use to investigate: Toy Swap

4. Emergency Alert App

An emergency alert app allows users to stay up to date with any unwanted natural calamity or criminal activity over the area. For example, we cannot eliminate wildfires, hurricanes, nor can anyone guarantee a crime-free state.

Emergency or crime alert app users can easily update the illegal activity or natural calamity over the area. The main motive behind these types of apps is to try to keep the locals safe and secure.

Therefore, you have to integrate the app with the connection with emergency services, including health professionals, police personnel, fire controllers, etc. It's a great idea to create this app.

However, the monetization strategy of these types of apps is limited to ads and the freemium model.

Emergency Alert app creation cost: $16,000 to $25,000

Emergency Alert Apps that are trendy and that you can use to investigate: Weather Underground, Nextdoor, Citizen, etc.

5. Custom Cake Order App

According to Grand View Research, the value of the cake market was $44.05 billion in 2020, and will reach $55.78 billion by 2027. Most of the cake ordering apps available are limited in functionalities. They allow bakers and their customers to opt for fixed sizes and designs.

Instead, there are loads of pastry chefs specialising in custom cakes. A custom cake ordering app will allow users to place an order with ease.

Custom Cake Order App Features:

Search for different cake designs Cake customization form Schedule delivery date Delivery management Track order status Order history Service-based reviews and ratings Secure payment options for buyers Admin dashboard Cost of delivery custom cake ordering app creation: $20,000 to $30,000

6. Invitations app

Inviting guests to family functions and occasions is a delicate task. With the help of the invitations app, this difficult task becomes easier and more manageable. Users can select and create a group in the app to send bulk invites.

Integrating creative and beautiful card designs for different festivals and occasions increases the engagement of the users of these apps. The most important are birthdays, marriages, Christmas, Easter, New Year's Eve, etc.

The application should also allow users easy customization of invitation cards to help users. Paid invitation templates can also be sold in the invitations web app.

Invitation app creation cost: $16,000 to $25,000

Trending Invitation app that you can use to investigate: Evite, Canva, etc.

7. Food and beverage delivery apps

According to Statista, the online food delivery market size reaches a net value of 154.34 billion in a couple of years by 2023. It has a compound annual growth rate of 11.54%. With such an impressive market size, food delivery apps are undoubtedly one of the top ideas for creating web application development.

The main function of the food and drink delivery app is to allow users to buy delicious food from the comfort of their homes. The coronavirus pandemic has significantly boosted the growth rate of food delivery apps and made them a more lucrative business.

To create a food delivery app, you need to integrate local restaurants in the city where you plan to launch the app.

Features of Food and Beverage Delivery App

Quick registration Convenient ordering Order tracking Discount coupons and cashback Push notifications reminding users about the order Review and rating options for users Convenient payment option including cash on delivery Advanced control panel Cost from creating the food and beverage delivery app: $25,000 to $35,000 Trending Food Delivery app you can use to research: Grubhub, Doordash, GoPuff, etc.

8. Online Dating Web App

Online dating has become a lucrative business industry as more and more users find a partner on the digital platform. Technology is proving useful for people to combat loneliness by making friends and finding love.

Dating apps are categorised in multiple ways. The most popular are matchmaking-based, proximity-based, niche-based, and game-based. Tinder is the most successful dating app and has created the marketplace for many more to join.

According to Statista, dating apps have a projected revenue of $674 million. The dating app can be monetized in multiple ways, including freemium mode, selling exclusive features, paid subscription model, etc.

Dating Apps Features:

Registration Creation of detailed profiles Navigation by geolocation Multiple filters Match sources Integration with social networks Control panel Secure payment option

Dating app creation cost: $25,000 to $40,000

Online dating apps that are trending and that you can use to investigate: Tinder, Bumble, Grindr, etc.

9. A web application to find a partner to play outdoors

You can easily find someone to play indoor games with. Finding a partner for a workout or an outdoor game is difficult when you're new to a city or don't have friends with common interests.

A web app development company offers the ultimate solution, where users with common interests connect to play badminton, swim, tennis or exercise together. Sports lovers will love this type of application. Plus, you can create it on a limited budget.

Cost of creating a web application to find partners for outdoor games: $16,000 to $25,000

Trendy apps that allow users to find outdoor playmates: Go Sporto, Oye Play, etc.

10. Document conversion web applications

As digital media has become the standard format for file and document sharing, the world has witnessed a sharp rise in digital document formats. This has led to the birth of multiple forms for different types of documents. Often, users need to transform the file from one format to another when uploading a document file to a website.

A web application is the definitive solution to transform a series of documents into multiple formats. The integration of the scanner option will add more value to these applications.

Cost of creating a document conversion web application: $16,000 to $25,000

Trending document converter apps that you can use for research: Media Converter Pro, File Converter, File Commander, etc.

11. A la carte beauty services booking app

People love the comfort of their home, especially when preparing for an occasion. On-demand beauty services apps allow users to have the ultimate experience of getting their desired look without having to travel to a beauty salon.

Beauty service apps are also proving beneficial for salons as they can manage the influx of customers effortlessly. There is a need to create a platform where salons and beauty service experts can open their stores and consumers can connect with them. Such an app can be created based on different models, and the most successful is the uber model.

According to market studies, the global revenue of beauty salons and spas will reach 190.81 billion in 2024. No doubt, a significant part will go digital in the coming years.

Beauty Services Booking App Features

Social login and registration for users Separate registration for beauty professionals Viewing beauty services Appointment scheduling for users Booking and cancellation management Push notifications for booked services Map API integration Gateway integration Payment Control Panel

Beauty Service Booking App Creation Cost: $16,000 to $30,000

Trending Beauty services booking app that you can use to research: Setmore, Square, Shedul, etc.

12. Book Review Web App

Bibliophiles love to read new books. However, every book lover has a taste for a particular genre. Apart from the books that create a considerable sensation all over the world, it is a challenge for book lovers to identify the books they like. Like any other product, book lovers look for trustworthy and authentic reviews of the book before reading it.

Only a few companies have realised the importance of providing authentic first-hand reviews of books. They have created platforms where users can search and offer opinions about the books they read.

Therefore, the creation of a web app development for bibliophiles is an industry vertical with less competition and a high chance of success.

Book review web app creation cost: $16,000 to $25,000

Trending Book reviews app that you can use to research: Goodreads, Library Thing, Kirkus, etc.

13. App to make Memes and Gifs

Memes and gifs have taken the internet world by storm. Whether on Facebook, WhatsApp or giving a presentation in the office, its use is almost everywhere.

It is a great idea to create a web application where users can easily find and create Memes and Gifs on a single platform. Most web applications that allow users to develop Gifs and Memes need to improvise on the user interface.

Therefore, you can quickly gain a large number of users with your advanced and intuitive Gif and Meme maker app.

Memes & GIF maker app creation cost: $16,000 to $30,000

Trending Gifs & Memes making app, which you can use to research: Gif Maker, Giphy Cam, Meme Factory, Memedroid, etc.

14. Reduce Your Screen Time Web App

According to a 2017 Deloitte survey, 38% of respondents agreed that they spend too much time on their mobile phone. An average American spends almost 4 hours and 30 minutes on their cell phone.

Over 80% of this time is spent on mobile apps. High screen time negatively affects vision and causes frustration among users.

To reduce screen time, you can use the help of cell phone addiction applications. The cessation mobile application records the usage time of different applications and browsers and informs users appropriately through push notifications.

Cost of creating a mobile cessation app: $16,000 to $25,000

Mobile cessation application that is fashionable and that you can use to investigate: Offtime, Moment, Break Free, etc.

15. Blockchain-based brand checker app

According to Wikipedia, the global sale of counterfeit products and items amounts to 1.7 trillion dollars a year. Many consumers suffer when buying counterfeit products and end up having a bad day. Imagine having a web application development company that tells you the entire journey of the product, from its origin in the field until it reaches the store.

With blockchain-based web applications, it is finally possible to do so. Since the technology is immutable, any changes or mismatches in the product journey will inform the user that something is suspicious.

Your app will give users definitive confirmation that the product they are buying is worth it.

Cost of creating a blockchain-based trademark checking application: $30,000 to $50,000

The blockchain-based app that you can use for research: Burst IQ, Media Chain, Propy, etc.

[greysprimary]

Bookkeeping software free

Bookkeeping software free how to#

Bookkeeping software free upgrade#

Bookkeeping software free full#

Bookkeeping software free software#

Pricing is based on your number of transactions per month and starts at $149/month. You can also sign up for bookkeeping services with Sunrise.

Bookkeeping software free upgrade#

You may also opt to upgrade to Sunrise Plus for $19.99/month, which offers lower processing fees, cash flow insights, and integrations with Square, Stripe, and PayPal. If you need payment processing, Sunrise offers a pay-as-you-go plan of 3.55% + $0.30 for credit card transactions.

Bookkeeping software free software#

Sunrise’s self-service software is completely free. With Sunrise’s free self-service software, you’ll receive: However, businesses that want basic bookkeeping software with no limitations, an easy-to-use UI that’s perfect for beginners, and great customer service may find a winner in Sunrise.

Bookkeeping software free full#

Throw in support for unlimited users, good customer service, and positive online reviews, and it’s easy to see why Sunrise makes our cut.īusinesses that need full accounting software with advanced features (such as inventory management) will need to seek out other software. And if your books become too time-consuming to manage? You can upgrade to Sunrise’s paid professional bookkeeping service, which offers extremely competitive pricing. One unique feature of Sunrise is that you may qualify for additional funding opportunities through Lendio just by maintaining your books. With Sunrise, you can be up and running in just minutes, performing tasks such as sending invoices to clients, managing expenses, and accepting online payments. Sunrise by Lendio (formerly Billy) is a great free option for businesses that want simple bookkeeping software without the bells and whistles (and high price tags!) of full accounting software. Our top choices include Wave, ZipBooks, Odoo, Sunrise, Zoho Books, and Fiverr Workspace. The best free accounting software options offer an enticing $0 price tag but should still be reliable, secure, and feature-rich.

In Summary: The 6 Best Free Accounting Softwareįree accounting software can be an affordable solution for small businesses.

What is the best free accounting software for freelancers?.

Is there a free alternative to QuickBooks?.

What is the easiest accounting software to use?.

What is the best free accounting software for small businesses?.

When Should I Upgrade To Paid Accounting Software?.

Choosing The Best Free Accounting Software For Your Business.

Akaunting: Newer Accounting Software To Keep An Eye On.

CloudBooks: Invoicing Software That Lacks Accounting Features.

TurboCASH: Accounting Software With Few User Reviews.

GnuCash: Decent But Outdated Accounting Software.

GoDaddy Online Bookkeeping: Limited Accounting Software With No Free Plan.

SlickPie: Accounting Software That’s No Longer Available.

QuickBooks Online: Great Accounting Software But No Free Plan.

Looking For One Of These Free Accounting Software Options?.

Zoho Books: Best Free Accounting Software For Invoicing Fiverr Workspace: Best Free Accounting Software For Freelancers Odoo: Best Scalable Free Accounting Software ZipBooks: Best Free Accounting Software For Beginners Wave: Overall Best Free Accounting Software

Project Management Software For Construction.

What Is Shopify & How Does Shopify Work?.

Buy Now Buttons: The Key To Selling On Your Blog Or Website.

Bookkeeping software free how to#

Is Dropshipping Worth It? How To Make The Right Choice.

Best eCommerce Platform For Small Business.

Discover The Best eCommerce Platforms In 2022.

Complete List Of Business Tax Deductions.

Discover The Best Accounting & Payroll Software In 2022.

Find Accounting & Payroll Software Reviews.

Business Credit Cards Without Personal Guarantee.

Which Business Bank Account is Right For You?.

How Signing a Personal Gurantee Affects You.

Explore Business Credit & Banking Resources.

Best Business Credit Cards For Your Nonprofit Organization.

Discover The Best Business Credit Cards In 2022.

PayPal Working Capital Loan Alternatives.

Best Loans For Startups With Bad Credit.

What Is A POS System & Choosing The Best For Your Business.

Research Credit Card Processing Reviews.

[essaytransitionwords384]

writing help

About me

Freelance Content Marketing

Freelance Content Marketing There’s an entire collection of free movies and different content that may follow the first video. And Mike is cooking up something else that I’m not at liberty to discuss, in order that’s the explanation for the tracking hyperlink. They will typically include a title page adopted by a desk of contents, a abstract of the paper, an introduction, the physique of the paper itself, and eventually a conclusion. Project planning … tips on how to gather all the essential primary data you'll want before you possibly can even begin your research and writing. Wealthy Web Writer3 of the Most Common Email Messages Clients Ask for… and How to Over-Deliver on Each There are three frequent e mail messages purchasers will ask you to put in writing. A smart way to determine in case your subject is popular is to move to Amazon and seek for similar key phrases. You can see what other ebooks exist on the identical topic and how many individuals are buying. If you need to get began with ghostwriting, positively take your time and study the ins and outs. I watched the video and did sign up for access to extra. I can’t inform you what a timesaver it can be to go to a trusted resource to be referred to others. I prefer it when marketer deal with prospects as clever folks, and state that they will promote a course. I was seriously wondering right now the way to write certainly one of these. Heck, you could charge $20,000 or more for a single project, depending on how good you might be at ghostwriting and who the consumer is. Even as a newbie, you'll be able to nonetheless command $5,000+ per project. I would write thought management pieces for his or her CEO and different C-suite execs, which would then get published on locations like Forbes and TechCrunch. As a copywriter, your clients may be promoting or marketing agencies or you'll be able to work directly with manufacturers. Freelance editors take a bit of written content material and evaluation it for type, tone, voice and structure. They can also handle reality-checking and/or mild proofreading. Once you deal with the writing half, you’ll have to format and package deal your e-book. Hubspot has some great free templates you can use to design your e-book. How a lot experience will depend on your scenario and desires. It's not essentially necessary they've written plenty of them, but they need to have a minimum of a couple beneath their belt. SAG IPL helped optimize not simply my web site however the complete online presence of my business. They are a brilliant group of digital entrepreneurs who perceive what works for me and what doesn’t. You might be stored knowledgeable of the progress of your project by way of regular updates through e-mail/chat or by sending project stories by our project manager. However, this does not influence our evaluations and comparisons. We solely counsel merchandise we’ve reviewed, and in many instances additionally use, in order to help you make the most effective selections. Instead of just doing a as soon as-and-accomplished submit, you will get paid to put in writing blog posts for brands often. Being a freelance blogger is somewhat totally different than guest posting. You write and submit the publish, it will get published, you receives a commission. From there, you possibly can work on pitching shoppers and making use of for writing jobs online. Or, you might be employed to write informational how-to guides or tutorials. Seven years after its launch, FRANK by OCBC is still charming youths until right now. Their Head of Youth Segment Genevieve Gay reveals how entrepreneurs can go further to improve customer expertise. We may receive a commission for purchases made through these hyperlinks. You can also scout out paid freelance running a blog jobs on common job boards like Indeed or CareerBuilder. For example, I write posts for the Chime Bank blog, Discover Bank’s Modern Money Blog and Lendio’s weblog, to name a couple of.

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customwriting

About me

How To Become A Technical Writer + Thirteen High

How To Become A Technical Writer + Thirteen High In addition, rates change per trade, company, author, location and project , which is probably why this query usually goes unanswered on the Interwebs. There are 200 most recent translation jobs in all language combos. The first step in positioning yourself as knowledgeable is setting your corporation up professionally. As a freelancer, you’re a enterprise proprietor – congrats! But with that title also comes the responsibility of treating your corporation like a legit one. We don't have any other Marketing Writer jobs within the Arverne, NY area proper now. Click the checkbox subsequent to the roles that you are interested in. If you’re interested in studying the way to get paid to put in writing online as a freelancer, then I positively hope this publish helps. It covers a lot of the most effective ways to make money freelancing versus other options that might pay less. Here, a guide on the way to tell a temporary change from a forever one. Get a better idea of the cost for your content plans. See how ClearVoice can help you energy your content advertising. With ClearVoice, you possibly can faucet into vetted freelance groups who can manage your content material plans, begin to end. No surprise, but articles and blogs are the commonest kind of content produced. Your content reminded me a couple of similar submit on tips on how to get started with writing eBooks. There are lots of methods to receives a commission to write down on-line, in addition to running a blog. The key is finding the one that matches your skills and interests. That’s just a small sampling of what’s on the market if you’re in search of blogs that pay for guest posts as you build your writing profession. And it can be a fast way to receives a commission to write on-line if your e-book is concentrated on a scorching subject that people want to read about. As a copywriter, your purchasers can be promoting or advertising agencies or you possibly can work immediately with manufacturers. For instance, I write posts for the Chime Bank weblog, Discover Bank’s Modern Money Blog and Lendio’s weblog, to call a number of. Instead of simply doing a as soon as-and-accomplished submit, you can get paid to write weblog posts for manufacturers regularly. Sign as much as obtain alerts about other jobs with abilities like these required for the Marketing Writer. The Marketing group at Work & Co is responsible for constructing our presence and awareness among leaders in design, expertise, and product development capabilities throughout industries. As far as the topic goes, that’s where you’ll have to do some market research and consider what you’re qualified to put in writing about and what people need to prepared. Ebooks are great as a result of you possibly can write them on virtually any subject. The Marketing Writer will develop Work & Co stories and perspectives that connect with digital product design know-how leaders across industries and sectors. This role will also collaborate carefully with our new business staff to attach these views with and for potential clients. You ought to share a love for digital services, as you'll be part of the group that helps show their significance and impression to the world. Is it time to let go of the content material strategies you made in March? Cracking the code on the way to get paid to put in writing on-line could be a life-changer, particularly when you’re capable of make hundreds from your writing expertise. If you’re getting paid to write, then you need a software for sending and monitoring invoices and receiving funds from your clients. This is a contract writing resource I created and it’s totally FREE. The wonderful thing about breaking into freelance writing is that you just don’t want a lot of things to get began.

[blogjmary12]

Supercharge Your Blogging Through Leveraging Offline Content

Blogging on a normal basis is vital in helping to expand a sturdy on line presence. With some effort and properly researched blog posts, you may take your blog from zero to hero. One in every of my incredible pals, Dan bischoff from lendio, wrote a incredible put up over at the raven weblog on how he took their agency blog from 500 views to 20,000 views in just eight weeks. I’ve been advised that it’s now at approximately 30,000+ a month. It’s a brilliant post and one you should certainly study if you haven’t, but it’s a sworn statement of ways running a blog can assist grow and beef up your presence on line.

Subject matter technology

There’s all forms of speak within the seo/sem space about methods to generate blog post thoughts. Most of them revolve around doing aggressive research to assist manual your efforts. Maximum currently, at pub con las Vegas, arnie kuenn, president of hyperlink building business enterprise vertical measures spoke approximately the use of open website explorer to discover which pieces of content material your competition have that have attracted the most links. As soon as you realize this, you could construct a similar piece of content material to your personal site in hopes that it's going to attract some hobby and links as well. He also cautioned that you do a little manual outreach to the websites that related on your competition content material asking them to hyperlink to yours as well. Excellent, huh? Digital Marketing Company in Hobart There are masses of different ways to come up with blog submit topics, on line and offline. I wanted to write down this publish because I’ve been doing a number of offline research that has helped me develop my blog content material and that i wanted to share with anybody what I’ve been up to.

Offline blog studies

As i referred to above, there’s a variety of talk about methods to investigate blog topics on line, but, there isn’t a whole lot of speak about discovering weblog ideas offline. A few months in the past, i used to be sitting around the residence flipping thru one in every of my spouse’s magazines (i don’t want to mention which one in worry that i might be ridiculed with the aid of my co-workers and friends), but as i used to be scanning a number of the content, i concept to myself, some of this content might be thrilling to my readers and if i were given it up short enough, could in all likelihood attract some natural one way links as properly. The extra i concept approximately it, it genuinely made plenty of experience to build a blogging approach round content posted offline. When you reflect on consideration on it, maximum of the content material discovered in popular magazines is content material this is nicely researched with the aid of a professional journalist and is maximum in all likelihood content that people are very inquisitive about right now. Take kim kardashian’s divorce, bloggers are all over that and getting loads of traffic and hyperlinks due to it. Maximum of the paintings is done for you. All you have to do is provide you with a few particular content and a distinctive take at the tale and you have a rocking weblog submit.

Scalability

My next concept changed into, how do i get numerous ideas without having to join dozens of magazines every month. It simply doesn’t make experience to spend $2-three in line with difficulty simply to get blogging thoughts. Well, maybe it does in case you are a hard-center blogger, but for a person who blogs in his/her spare time, it doesn’t. Some days after my concept of the usage of mag content for weblog thoughts, i was at goal with my daughter searching at some youngsters’ books. While there, i noticed the large magazine rack and that i realized that by spending half-hour a week in a store like goal, Wal-Mart, barns and noble, or maybe the library, that i should get a month’s well worth of running a blog ideas without paying something in any respect. So i determined to construct a procedure to help me be as efficient as viable.

System

Identity: i first had to pick out which type of magazines associated with my business or blog. If you sell wedding ceremony dresses on line, then you definitely might don't forget all of the bridal magazines. You might also recollect magazines like people which communicate about celebrities getting engaged or married. I generally like to try this earlier than i arrive on the magazine stand. Pulling: as soon as i am getting to the mag stand, i find the focused magazines, pull all of them, and head to a table or exceptional smooth spot at the floor. Something you do, don’t sit down at the ground at Wal-Mart Digital Marketing Agency in Hobart they aren’t that clean. Scanning: after i have my stack, i glance at the cover and the desk of contents to peer if anything sounds interesting to me. If so, i flip to the web page, whip out my iPhone and start snapping pix of headlines. I don’t need to use the content, however i do want to use the topic. Organization: once I’ve all my photographs taken, i put the magazines lower back, and head domestic to sell off the photographs on my computer and organize them. What i'm looking for here is degree of hobby. If something is time touchy, i will generally pass it in the direction of the pinnacle of my list. If some thing is more exciting, i move it up. If it's far much less interesting, i circulate it down. You get the concept. Research: as i cited above, i generally don’t need to apply the content material discovered in these mag articles. I love to do a little studies by myself (or outsource it) to construct my content material. This ensures that i am no longer blatantly copying the content and that it’s a sparkling tackle the subject. Advent & publishing: if you are a blogger, each of those steps are pretty trustworthy. You can both write the content material yourself, or task it out to a person on elance or odesk. Once you've got the content material, you optimize and submit it.

Consequences

The primary time i positioned my system to the take a look at, i spent twenty minutes at Barnes and noble and determined 42 distinctive blog topic ideas. I spent a further fifteen mins organizing the topics and another twenty getting all of them jobbed out to considered one of my writers for studies and advent. If i post one piece every commercial enterprise day, i have about eight and a 1/2 weeks of content material ideas in just beneath an hour. Quite first rate in case you question me. One component that you need to keep in mind is, as with something we do in Search Engine Optimization, those numbers can and will differ depending at the character, area of interest of the website, variety of magazine you want/want to go through, and different factors. Don’t get discouraged if you pop out with just a dozen thoughts the first time. It became nonetheless a really worthwhile activity.

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El contratista basado se despidió de una carrera de alta tecnología y saludó a la pequeña empresa

Jeff Hanson vive en una comunidad muy generosa.

Hace unos seis años, a la primera hija de Jeff le diagnosticaron cáncer. Sin él nunca diciendo ayuda “, su comunidad entró en acción.

Desde el Día del Trabajo hasta el Día de Acción de Gracias, dijo, los Hanson no cocinaban una comida por sí mismos, no cuidaban a sus caballos ni limpiaban los puestos. La comunidad lo hizo.

Hay una naturaleza enorme, que da. Es una comunidad muy cerrada ”, dijo. Es irreal.”

Jeff y su esposa se mudaron por primera vez al área de Seattle, Washington, hace muchos, muchos años “, como él dice. Él llama a Seattle un crisol de culturas, y un lugar que realmente ama. Durante aproximadamente 25 años, trabajó en alta tecnología en Microsoft, un trabajo que disfrutaba en ese momento pero que eventualmente se enamoró.

Para Jeff, todo vuelve a la pasión.

Me di cuenta de que simplemente no estaba viviendo una vida plena “, dijo. Tuve éxito, pero no escuché mi pasión ni seguí mi pasión “.

Jeff dijo que nunca soñó con convertirse en un contratista general de construcción de diseño, pero creció en una familia de construcción de casas y siempre estaba construyendo. Cuando se dio cuenta de que construir era su pasión, comenzó a trabajar los fines de semana y las vacaciones para ganar algo de dinero.

“Literalmente, hice dos trabajos durante dos años y estaba agotado, pero la pasión te alimenta, te alimenta de energía y con esa energía puedes hacer cosas”, dijo.

Al trabajar las 24 horas del día, ganó suficiente dinero para comenzar su negocio. Pero una vez que consiguió ese gran trabajo para comenzar, se despidió de su carrera anterior y saludó a Hanson Design Build, LLC.

Una vez que aprovechas tu pasión, eres un superhéroe ”, dijo. Quiero decir que literalmente casi tienes energía ilimitada cuando encuentras tu pasión “.

Jeff sigue volviendo a la pasión. Él sabe que suena como una bola de tornillo, pero reitera que cuando encuentras algo que amas, te enciende.

Para prepararse para el futuro, Jeff solicitó financiamiento a través de Lendio, pero no sin vacilar. Dijo que el administrador de fondos se acercó y lo molestó, pero de una manera significativa. Estaba interesado, pero no estaba preparado para dar esos pasos.

Fui realmente ingenuo “, comparte Jeff, y el administrador de fondos fue muy bueno al educarme sobre los pasos”.

La financiación que recibió Jeff se destinó a su capital de trabajo, pagó algunas deudas menores y lo ayudó a tramitar un préstamo para pequeñas empresas.

Ahora Jeff consigue vivir su pasión todos los días. Él dice que la pasión es un componente enorme para ser dueño de una pequeña empresa. Pero, agrega, el éxito de los propietarios de pequeñas empresas radica en cómo responde usted cuando cambian las cosas.

Cree una hoja de ruta para su enfoque mental, pero tenga en cuenta que cada día va a cambiar “, dijo. No seas demasiado rígido y abraza el día. Algo va a cambiar. Algo negativo sucederá. Cómo respondes es realmente donde está el éxito “.

¿Entonces, Qué esperas?

Sara amato

Sara Amato es diseñadora gráfica, escritora y colaboradora del blog Lendio. Actualmente radicada en Colorado, nació en Nueva Jersey y ha vivido en Indiana, California, Arizona e Illinois. Cuando no está diseñando o escribiendo, es probable que esté viendo televisión o comiendo pizza.

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What to Do When You Are Blacklisted by ChexSystems

If you pay attention at all to your financial situation, you’re probably aware of your credit score, which is assigned to you by nationwide credit bureaus and impacted by your credit activity. Did you know another agency also pays attention to your banking activity and assigns you a score?

ChexSystems garners information about your banking activity—especially if it is suboptimal—from major banks across the country, much like how credit bureaus take in information from lenders. You can run into trouble if you are blacklisted by ChexSystems—you might not even be able to open a bank account for years.

Here are some things to know if you receive bad marks from ChexSystems.

What Is ChexSystems?

ChexSystems is an agency that tracks your banking behavior and provides this data to banks. According to recent estimates, some 80% of American banks use ChexSystems or a similar agency. Founded in 1971, ChexSystems is operated by FIS, formerly known as Fidelity National Information Services. Through the ChexSystems subsidiary, FIS maintains records on millions of Americans.

ChexSystems is similar to the 3 credit bureaus that assign you credit scores, but it looks at your banking risk instead of your creditworthiness. ChexSystems isn’t discussed as much as the credit bureaus—you might never hear of the agency unless you’re blacklisted by it.

Also like your credit score, your ChexSystems report follows you around. Any bank that utilizes the agency has access to your report, which can make it difficult to even open a checking account if you run afoul of ChexSystems.

Why Were You Blacklisted by ChexSystems?

You can be blacklisted by ChexSystems for a variety of reasons, but they all relate to your record of handling, or mishandling, a bank account. Commonly, people are blacklisted by ChexSystems for writing bad checks, failing to pay overdraft fees, or rating suspicion of fraudulent behavior. Generally, there needs to be a pattern of behavior for ChexSystems to blacklist you—you aren’t going to be on their radar if you overdraft once. But if your bank closes your account for bad behavior, ChexSystems will likely find out, and it will severely impact your record.

Once blacklisted by ChexSystems, it becomes very difficult to be approved for a traditional checking or savings account from most banks.

Bad records typically stay on your ChexSystems report for 5 years. However, there are some actions you can take to repair your situation.

How to Repair Your ChexSystems Report

If you discover you’ve been blacklisted by ChexSystems, you can take some steps to repair your report and get back into the banking system. These steps are especially useful if you believe that you’ve been the victim of identity theft or some sort of error was made. If you know your banking record is spotty, you’ll have fewer options to dispute your report—you might need to seek out bank account alternatives or wait until the records fall off in 5 years.

To repair your ChexSystems report, follow these steps:

Obtain your report from ChexSystems. You can obtain a free copy of your report online, call them, or contact them through the mail. By law, ChexSystems has to give you a free report every 12 months.

If you find errors on your ChexSystems report, dispute them with the agency. It is best if you have supporting documentation, like bank statements, but you can dispute errors without them. Through their process, ChexSystems will contact the banks that made the errors, but you might be able to speed the process along by contacting the erroneous bank yourself and alerting them to the situation.

If your ChexSystems report is bad but there aren’t any errors, you can improve it by paying down debts and fees reported by banks. Once you repay a debt, ask the bank or other creditor to update your ChexSystems report.

If all else fails, you can wait 5 years for your report to clear—and keep requesting ChexSystems reports every year to stay current. If you can’t go unbanked for that long, there are some alternatives out there.

Opening Bank Accounts While Blacklisted by ChexSystems

Some banks have so-called “second chance” checking accounts for people with bad ChexSystem reports.

“If your name ends up on the list of people with bad banking histories, you’re not locked out of the banking system forever,” writes Ben Gran for Forbes. “Be ready to review your ChexSystems report and file a dispute if you find any inaccurate information. And consider applying for a second chance checking account to rebuild your reputation as a responsible bank customer.”

These types of accounts usually have lower limits and fewer features. Some credit unions might not use ChexSystems, so you might have luck with your local credit union—or else you can apply for prepaid debit cards. 

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Finding a Franchise With a Great ROI

Investing in a franchise is a great way to launch a recognizable brand with developed systems and infrastructure. You don’t have to stress or invest in marketing materials, and you open your door on day 1 with proven products or services.

However, not all franchises offer the same benefits. Some are more expensive to launch than others, and each franchise has a different return on investment (ROI). So how can you find the franchise that is right for you?

There are a few ways to increase your chances of success. Learn more about franchise investments so you can generate the highest ROI.  

Are Franchises Good Investments?

Franchises can help you kick off your professional career and start your own business. You will need to pay a franchise fee and spend money building up your location, but these efforts can definitely be worth it. Some franchise professionals open multiple locations throughout their careers, growing their income with each new opening.

While franchises might be good investments, they aren’t passive investments. They are much different from buying into a startup company, acquiring real estate, or creating an investment portfolio. 

As a franchise owner, you will be in charge of building, marketing, and operating the company as an independent business. Many franchisees share stories of working long hours and missing paychecks for the first few years. Opening a franchise is a full-time job and will take commitment, focus, and of course—money.

If you are committed to investing yourself in your franchise, it can be profitable. However, if you want a passive income stream that grows over time, consider looking into other options. 

Do Franchise Owners Make Good Money?

One of the challenges of opening a franchise is that there isn’t a set salary. As a business owner, you may need to take a pay cut during your first few years as you invest in your franchise and pay off debt. 

You also can’t look at franchise owner income as a whole because some industries are more profitable than others. 

If you want to get an idea of what franchise owners make each year, look at specific industries—and even specific brands. For example, the median annual income of franchise owners in the food and beverage industry is $70,000. This number drops to $50,000 when you include franchise owners who have been in business for fewer than 2 years. 

Franchise owner income falls on a bell curve. Only 16% of franchise owners in the food and beverage field earn more than $200,000 per year. Conversely, 37% of franchise owners in that industry earn less than $50,000 per year. The rest fall somewhere in between. 

What Is the Most Profitable Franchise to Own?

Unfortunately, there is no definitive franchise that will guarantee you a positive ROI. There are too many factors that affect whether or not a franchise turns a profit—so don’t trust anyone who tells you otherwise.

For example, investing in a car wash company might be profitable in most areas but not in a region where public transit is popular and fewer people own cars. Conversely, a car wash might be profitable in a region that is car-dependent—at least until your competitors open a new location down the street. In the first case, the business owner needed to research regional demand. In the second case, profits were lost because of increased competition.

While no one can guarantee profitability with franchises, there are some highly-rated franchises with better customer ratings—which can increase the likelihood of success. Franchise Direct recently released their 2021 report of the top 100 franchises, which highlights brands like McDonald’s, 7-Eleven, Dominos, Ace Hardware, and Chick-fil-A, among others.

You can use lists like these to find franchises with brands that may give you the best chance to return a profit on your investment.

Investopedia recently gave Dunkin’ high marks for its franchise performance during the pandemic. They highlight the ability to build up repeat customer traffic (everyone wants their daily morning coffee) and the existing brand name that most people know. They also mention how 90% of Dunkin’ locations stayed open during the pandemic, with drive-thru and carry-out sales. 

However, there are times when Dunkin’ might not be a good investment for your goals. You could live in a coffee-saturated location or lack the necessary morning commute traffic to build your customer base. Profit depends on the strategic decisions you make—not just the brand; so conduct your own research before making any decision.

What Is the Best Franchise to Invest in?

While successful franchise investments vary by region and industry, there are a few ways to evaluate your franchise opportunities to see what would be a good fit. Ask yourself these questions as you research franchises: 

Which industry do you have the most experience in? (Which industry interests you enough to learn about every aspect of it?)

Which industries are currently growing in demand—and have potential staying power? 

Which industries lack a significant footprint in your area? Your “area” could mean your city, your neighborhood, or even a city block that you want to build on. 

How far are customers willing to travel for your services? This will determine your area of research and target demographics. For example, most customers aren’t willing to drive 10 miles to a McDonald’s if there is another location 2 miles away.  

What is your budget? This will determine what you can pay in franchise fees and in building investment. 

Take time to conduct market research for your area and learn about your local economy. You don’t need to spend any money until you are confident that you are choosing the best franchise option possible. 

Consider Investing in a Lendio Franchise

If you are looking to break into a niche market and offer something unique in your area, consider investing in a Lendio franchise. Our services are available in 45 states, and franchisees typically only need $55–$65k in startup capital.

At Lendio, we believe in supporting our franchise owners. We offer training materials and assistance throughout your launch and growth stages. Even when you become an expert owner, we are here for you. 

Learn more about franchise opportunities by Lendio to see if this is your next great career opportunity. 

The post Finding a Franchise With a Great ROI appeared first on Lendio.

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How to Prevent Department Silos as Your Business Grows

You’ve put in the hard work—and it’s paying off. Your business is thriving, and you’re establishing a name for your company and your brand.

It may feel like nothing can stop your progress, but managing a larger business comes with its own set of challenges. As your business grows—increasing in staff, output, responsibilities, and more—so does the potential for the development of departmental silos.  

While they may sound unassuming, department or organizational silos can make it difficult for businesses to run efficiently and—if they become disruptive enough—may even be responsible for a company’s demise. 

That’s scary stuff, but don’t panic yet. There are ways to prevent these momentum killers before they even start. 

What Are Department Silos? 

First things first, let’s get an understanding of what exactly a department silo is. 

Merriam-Webster defines silos as “an isolated grouping, department, etc., that functions apart from others, especially in a way seen as hindering communication and cooperation.”

To put it simply, the various teams and departments within a company are operating in their own individual universes rather than collaborating and communicating openly. 

We tend to think silos are only a problem for big corporations with thousands of employees and huge departments. But silos threaten even small and medium-sized businesses where communication is lacking and teams have their own agendas.

Scenarios where your marketing team doesn’t know what your sales team is doing or your account manager fails to alert your project manager that they’re over budget are sure signs that silos are prevalent in your business. Problems like these stop your company from running effectively and can negatively impact your bottom line.

Despite their detrimental impact, silos are quite common. Surprisingly, a PwC survey revealed that 55% of businesses have teams that work in silos, while only 36% of respondents prioritized cross-functional collaboration.

But how exactly do silos start? While there are a few factors that can contribute to silo formation, they can mainly be attributed to:

A lack of clear vision around company goals

Poor communication or inability to relate goals to staff

Additionally, as companies grow, it can become more challenging to share information amongst managers, across departments, or with new employees, simply because there are far more people that need to be kept in the loop.

Because silos are the by-product of deeper problems within a company, establishing a work environment that addresses these potential issues from the outset can help you to avoid them. 

How Silos Impact Your Business

Silos cause inefficiencies, redundancies, and even toxic work environments. They can impact every aspect of your business, from customer satisfaction to company culture.

The breakdown of communication can wreak havoc on a business and result in a slew of adverse outcomes, such as:

Decreased productivity

Misuse of resources

Poor customer experience

Mistrust among departments

Compromised goals

Disorganized priorities

Damaged company morale

As your small business expands, now is the right time to address the issues that cause silos—this way, they won’t hinder your growth later on.  

5 Ways to Prevent Department Silos 

Effective knowledge sharing, collaboration, and teamwork are the key elements that can help knock down silos and prevent new ones from rising. 

With this in mind, business owners looking to foster more productive work environments should consider implementing some of the following strategies in their businesses.

1. Make Goals and Objectives Clear

Silos are inevitable when it feels like everybody is working toward something different. For that reason, you need to ensure that everyone from the team leaders or managers to individual staff members are aware of your company-wide objectives. And more importantly, everyone should know how their role plays a part in achieving those objectives. 

Create a unified vision by sharing short- and long-term business goals and highlighting expected outcomes. Be transparent, and always impart to staff and managers a clear overview of the timeframes, deliverables, and required actions necessary to achieve those goals. That way, you’ll have the peace of mind that everybody is at least moving in the same direction. 

2. Encourage Open Communication

An open line of communication between staff, upper management, or executives can cultivate trust and inclusivity, strengthen relationships, and promote greater job satisfaction. 

Develop an office environment where employees feel supported and comfortable enough to air their concerns and provide feedback and ideas. There are a number of ways you could do this, including using employee feedback surveys or hosting “office hours” as a dedicated time when you and other managers are available for comments, questions, and suggestions. 

3. Nurture Collaboration

We know meetings are a necessary part of running a business, but try to keep large extended meetings to a minimum. Instead, encourage smaller, more frequent group sessions where cross-departmental collaboration and interaction would be most beneficial. 

Follow meeting best practices to ensure that they’re always productive and foster cooperation amongst staff. Additionally, create a business cadence whereby updates are regularly scheduled and structured. That could mean daily, weekly, or monthly team meetings, specified days for updates from team leads, or implementing routine 1-on-1 sessions.

4. Use Project Management and Document Sharing Tools

These days, there’s no need to push papers or wonder about the progress of a project or job. A world of project management, collaboration, and document-sharing tools and platforms is available to help you and your staff stay up-to-date and gain visibility into the whole company’s work in real time. 

These easy-to-use systems allow employees to share documents, assign tasks, provide status updates, and collaborate more seamlessly. Do your research to find systems that are a good fit for your business, and offer your employees adequate training on how you’ll use the tools. 

Here are a few popular options you may want to explore: Trello,  Quip, Asana, Google Docs, Slack, and WebEx. It’s not an exhaustive list by any means, but it should get you started. 

5. Consider Establishing a Company Intranet

Collaboration doesn’t always have to be formal. Developing a company-wide intranet can make teamwork simple, fast, and secure. 

McKinsey Global Institute (MGI) found that businesses utilizing social technologies improved communication, collaboration, and knowledge-sharing. Furthermore, their findings revealed that using social technologies increased productivity potential by 20–25%. 

An intranet will allow your employees to have easy access to pertinent news, updates, and information that might get lost in the shuffle otherwise. They can also create profiles, interact, and engage with each other on everything related to their projects, tasks, and company happenings. 

Say ‘No’ to Silos

Although common in many businesses, silos don’t have to become a part of yours.

Maintaining transparency and visibility as your business grows is a challenge, but it’s certainly not an insurmountable one. By implementing the above strategies early on, you can avoid future headaches and reap the rewards of a well-run and organized business. 

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Understanding Debit Card Processing Fees

Debit cards continue to be a pillar of the modern payment ecosystem. A 2019 study by the Federal Reserve found that 31% of consumer purchases were paid for with a debit card. While they look almost indistinguishable from credit cards, debit cards function essentially like cash in practice. For consumers, they’re the best of both worlds—the simplicity of credit cards coupled with the hassle-free nature of cash.

For small businesses, though, debit cards function more like credit cards because you’ll be charged a variety of fees each time a debit card is swiped at your establishment. However, the fee systems for both types of payment are different—and in many cases, the popularity of debit cards is well worth the fees.

Debit Cards vs. Credit Cards

Debit cards look like credit cards, but the similarities mostly end there. As the moniker suggests, debit cards debit money out of an account, typically a checking or savings account at a bank or other financial institution. When a purchase is made, the funds are deducted directly from the buyer’s account. In this way, debit cards are similar to cash.

Credit cards, on the other hand, involve financial institutions—like banks or credit card companies—extending credit to a consumer. Purchases are made on this credit, and the consumer makes repayments to the credit card issuer.

In a sense, debit and credit cards work in opposite ways for consumers—while credit cards run up credit, debit cards debit funds out of an account. For small businesses, though, accepting payments is fairly similar for both credit and debit cards.

Why Are Small Businesses Charged Debit Card Fees?

Both debit and credit cards require sellers to pay a range of fees every time a transaction occurs because a lot of entities are involved whenever a card is used—and all of these entities want something in return for their services.

3 main groups expect to get paid when someone uses a debit card at your business: banks, credit card companies, and debit card processors. The fees charged by these companies can be a combination of flat fees and percentages based on the purchase price.

Types of Debit Card Fees

The 3 types of fees usually charged on every debit card transaction are interchange fees, assessments, and processor’s markup fees. Interchange fees are charged by the bank that issued the debit card to the customer. Card companies, like Visa or Mastercard, charge the assessments. Debit card processing companies, like STAR or NYCE, charge the processor’s markup.

Several factors can alter the fee amounts, like the size of the bank that issued a debit card and the type of business you own. Whether a PIN or a signature is used when a debit card transaction occurs also impacts fees.

Mobile Payment Processors

Mobile payment processors, also known as Payment Service Providers (PSPs), are increasingly becoming a very popular way for small businesses to accept debit and credit card payments. You’ve probably come across businesses that use PSPs like Square and Stripe.

“Most payment service providers use a flat rate structure for pricing,” explains review site Ecommerce Platforms. “Basically, this ensures that you pay the same amount for every transaction, no matter what the card type might be. There’s no monthly fee to worry about, and other costs beyond transaction costs are usually nonexistent too.”

PSPs have become popular because setup is usually cheaper and easier than with traditional merchant account systems. Many PSPs try to charge simple, transparent fees. However, other systems may prove to be less expensive over the long run as your business scales up.

How Much Are Debit Card Fees?

Debit card fees can vary broadly depending on the debit card used, your merchant category, and whether a PIN is used during the transaction. According to data from 2018, the average interchange fee was $0.23. As a percentage of a purchase, the average interchange fee was 0.57%. These averages are for both signature and PIN transactions. Assessment fees mostly range from 0.11% to 0.13% of each debit transaction. Processor’s markup fees can range from 0.75% to 0.9% of each transaction, plus $0.13 to $0.22. Some of these companies might charge businesses annual fees along with their other fees on every transaction.

What Is Right for Your Small Business?

Deciding whether or not you want to accept payments other than cash is a big step for your business—but most businesses accept multiple forms of payment, as you’ve probably noticed in your shopping experiences. Knowing the costs associated with accepting cards is very important—especially if yours is a smaller business, as the costs can impact key aspects of your business (like your pricing strategy). Generally, if you’re set up to take credit cards, you should be able to take debit cards as well.

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Best Franchises Under $10k: Which One Should You Get?

We have around 773,000 franchise establishments in this country—but what’s the draw for small business owners?

Let’s look at it this way: say, for instance, that you’re a novice entrepreneur. Would you rather start a business from scratch or place your bets on an established operation? Many people just starting out would choose the latter. 

But franchises aren’t only for budding entrepreneurs. They’re for everyone: people looking to make more money, established entrepreneurs who want another source of income, or retirees who want to contribute to the workforce. Anyone can benefit from all that franchises have to offer. 

Advantages of Buying a Franchise

Building a business from the ground up takes hard work and time. You have to set up everything yourself—your own processes, protocols, and procedures. You’re in charge of everything, and that comes with great responsibility: not only do you own every win, you also own every loss. And with this from-scratch model comes many hours of trial and error. 

A franchise opportunity gives you all the advantages of a business without having to start it yourself. You get the chance to utilize all the hard work and established processes that someone else has developed, which minimizes your risk. And the franchise’s whole package gets handed to you: a proven business model, brand recognition, a stream of customers, and continual support. 

But every franchise is not the same. If you’re considering buying a franchise, here’s what you need to look for in an establishment:

Industry growth potential. Look beyond the current state of the industry and examine future projections. Will the industry continue to grow or remain stagnant?

Strong support system. What type of ongoing support—if any—does the franchise provide?

Good management. Make sure the franchise has the right strategies, plans, systems, and processes in place. 

Adequate earnings. Consider if the projected income you will receive matches what you want or need. 

Satisfied franchisees. Talk to other franchise owners to gauge their level of satisfaction. 

Best Franchises for Under $10k

Want to be a business owner but don’t want to break the bank? Read on for our top franchise picks that you can acquire for $10k or less. 

1. Momleta

This franchise is a great opportunity for fitness-passionate moms. If you love staying in shape and want to help other moms get in shape, Momleta may be the franchise for you. 

Unlike other sports franchises, Momleta doesn’t require a startup investment of well over $10,000—initial fees fall between $4,000–$7,000. This franchise is also under the Baby Boot Camp brand and includes several programs and fitness classes. 

2. Social Owl

If you enjoy working from home and would love to help small business owners succeed, you could consider opening a SocialOwl franchise. SocialOwl makes it possible to start your own social media marketing business. This franchise is unique because the model includes a SaaS (software as a service) starter pack. 

With this franchise, you’d work with local businesses to sell social media packages. Access to training, marketing materials, and your own branded website are all included for low investment fees of $179–$249 per month. Average ROI is also worth noting: according to SocialOwl, you can make around $300 a month per client. 

3. Building Stars

A Building Stars franchise will give you all the tools you need to build a successful cleaning business. They also offer training and ongoing support programs to help you sustain your franchise. 

Their focus is on commercial cleaning solutions for office buildings—a $117 billion industry that’s continuing to grow because of the COVID-19 pandemic. The total investment required for this opportunity ranges from $2,245–$8,295. 

4. Jazzercise

Another great opportunity for fitness buffs is Jazzercise. Their program makes working out fun and exciting: their dance-based, full-body routines will get you moving to popular music and help you whip others into shape. 

After applying to join the program, you’ll receive training over a 5-week period. At that point, you can choose to become a Jazzercise instructor or a small business owner. The total investment to own your own franchise falls between $2,415 and $3,200. 

5. Complete Weddings and Events

Complete Weddings and Events is the largest event-services provider in the United States. If you enjoy organizing events, planning, and making schedules, this may be the franchise for you. 

It’s also worth noting that the wedding industry took a dip due to the pandemic. Pre-COVID, the industry generated $72 billion per year. But since then, it’s taken a tremendous hit—in 2021, it’s expected to generate $51.2 billion.

Now that the country is reopening, however, people will be planning more in-person weddings and other celebrations—and they’ll no doubt need the help of professional event planners. 

Complete Weddings and Events will give you all the training and ongoing support you need. They’ll also teach you how to price your services and hire other professionals, like photographers, DJs, and videographers. Startup costs are around $10,000. 

Franchises Under $10k in 2021

If you want the freedom of entrepreneurship but cringe when you think of everything that goes along with it—like building a business from scratch, growing your company, and marketing your brand—then you’ll probably benefit from a franchise. And if you can get in for $10k or less, your risk decreases even more. 

Before you buy a franchise, weigh all the pros and cons and consider if it’s worth it for you. $10k may not seem like a lot of money to some, but it’s unquestionably a substantial amount. And you want to maximize your investment regardless of how much it costs. 

When you choose a franchise, ensure that your chosen franchise model is a stable, quality organization who will offer you ongoing support—not an establishment that only reaches out to you when it’s time to collect your franchise fees. 

$10k may not be enough to buy into one of the most popular franchises, like McDonald’s, Great Clips, or Anytime Fitness. But it’s enough to purchase a good franchise that will teach you, train you, and bring you a positive return on your investment. 

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Should You Diversify Your Products?

Diversifying your company by exploring new fields and industries makes sense for a lot of small business owners. Like cells multiplying, adding new facets to your core business seems like it would expand your income stream automatically.

However, diversifying the types of products or services you sell isn’t a guaranteed profit multiplier. There are reasons you might want to stay specialized and niche.

Lots of people shop at Walmart, sure, but many customers might want to buy items like furniture, produce, or clothing from a high-quality, specialized retailer. There are benefits and disadvantages to each approach.

If you’re interested in diversifying your product offerings, you should know that the process requires planning, research, and an appetite for experimentation.

Reasons to Stick to Your Core Business

If you’re considering diversifying your business because it’s currently flailing, most experts recommend that you rethink this approach. Diversification can spread a struggling business too thin and shouldn’t be seen as a Band-Aid.

“If your current business is floundering, we’d suggest resisting the temptation to diversify,” small business experts Doug and Polly White explain in Entrepreneur. “Diversification may seem attractive; the grass is always greener on the other side of the fence, right? Unfortunately, though, diversifying will inevitably increase the complexity of your challenge and therefore reduce your probability of success.”

A healthy company will have a bigger chance of success with a wider product line, and if the gamble on new revenue avenues doesn’t pay off, the core business is still there.

“If your core business is not succeeding, you may make the decision to shut it down and launch a new venture,” the Whites continue. “However, if you aren’t ready to throw in the towel, we suggest that you work to push your current business into the black before diversifying and increasing complexity.”

Even if your business is doing well, before diversifying your products or services, consider expansion first. You already know your core business—maybe opening a location in a new city or pumping up your marketing budget could become a better use of your resources than chasing something completely new.

When Does Diversifying Your Business Make Sense?

When considering diversification, think strategically. This is why it’s better to diversify if you aren’t currently under the pressure of trying to save your business from going under. Think about how your business could leverage a customer base, competitive advantage, or asset.

In the 2000s, Ian Taylor—an entrepreneur in the United Kingdom—launched an advertising company that placed mobile digital billboards on vans. Over the years, he determined that he could leverage his digital screen marketing technology to create dynamic ads on bicycles and stationary units. His company even offers in-house production for the ads.

“It was the eye-catching and engaging mobile display vehicles that highlighted the potential for the product in other areas, for example, where clients wanted to use digital imagery at dedicated locations, often on a temporary basis,” Taylor told the Guardian. “When you start a business, you have a vision. You start selling your product, but you are always mindful of the fact that other people could design and develop a better one very quickly, so you have to focus on your product development strategy.”

Often, you might see how your company could diversify into areas that are similar to your core business. Maybe you could add a service related to a product you sell, or vice versa.

How to Diversify Your Business

To diversify your business, first list all the ways your core business could be leveraged to a competitive advantage.

“When facing the decision to diversify, managers need to think not about what their company does but about what it does better than its competitors,” writes Constantinos Markides in the Harvard Business Review. “In one sense, pinpointing strategic assets is a market-driven approach to business definition. It forces an organization to identify how it might add value to an acquired company or in a new market—be it with excellent distribution, creative employees, or superior knowledge about information transfer.”

Think about what types of companies are adjacent to yours—if you sell clothes, it isn’t much of a stretch to diversify into selling accessories. This could also involve diversifying into adjacent services, like selling ad design along with your digital billboard business.

You can also think about your core business’s infrastructure and how that could be leveraged into diversification. If your core business doesn’t use up all the space in a brick-and-mortar location, for example, that space could be used to sell something else. Relatedly, a large fleet of vehicles could be used for many different reasons.

With some research, patience, and trial and error, there is probably a good argument for you to diversify your offerings. However, just because you can diversify your business doesn’t mean you should—consider all your options before making any hasty decisions.

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How Does Cross Collateralization Work?

As a small business owner, you’re probably familiar with at least a few of the many loan products available. Many lenders require you to offer an asset to secure a debt. As time goes by, you might find yourself securing multiple loans with the same asset—a process called cross collateralization.

Cross collateralization is fairly common—“second mortgages” are a popular form of cross collateralization, for example. There can be many benefits to taking advantage of cross collateralization, but this process also increases the risk of losing assets, so it’s important to understand how cross collateralization works before making any formal arrangement.

What to Know About Collateral

There are 2 main types of loans: secured loans and unsecured loans. These loans differ in regards to collateral requirements. Collateral is an asset that a borrower offers up as a way to guarantee the amount of a loan. Common forms of collateral include cash deposits, real estate, or vehicles.

Secured loans require collateral, while unsecured loans do not. If you default on secured loans, the lender can seize the collateral as repayment for the loan amount. Lenders of unsecured loans, like credit cards, have no such recourse, but this usually causes the repayment terms of unsecured loans to be less favorable for the borrower.     

In many cases, a lender uses an asset to secure the loan for that very asset. This is common with home mortgages, car loans, and equipment financing. If you have a mortgage, your house is the collateral—so if you default on your mortgage, the lender then can collect the collateral and repossess your house.

What Is Cross Collateralization?

Cross collateralization refers to a situation where multiple loans are secured with the same asset.

In a second mortgage situation, your home serves as collateral for a mortgage. As you pay down your mortgage, you own more of your home. You can then use your home as collateral for a second loan, i.e., a second mortgage.

Cross collateralization also occurs if different types of financing are secured with the same asset. If you’re paying off a car loan, the car becomes collateral for this loan. If you use the car as collateral for another type of financing, like a credit card, this is cross collateralization.

“Cross-collateral refers to a method that lenders use to utilize the collateral of a loan such as a car to secure a second loan that an individual may have with the lender,” explains Jason Gordon at The Business Professor. “When an asset is cross-collateralized, it brings up issues as to which secured party has priority to the asset in the event of default.”

Less commonly, cross collateralization also refers to a situation when a lender requires multiple forms of collateral for a single loan.

Is Cross Collateralization Legal?

Cross collateralization is legal and fairly common, but a lender is required to inform you that cross collateralization is occurring.

If you take out multiple secured loans from the same lender, like a bank, it might use the same collateral, making your assets cross-collateralized. You must legally consent to this, but do your due diligence in reading over any loan agreement. Be especially aware of “dragnet clauses” where a lender can pursue your asset if you used it for collateral for any loan with the lender.

“Lenders cannot use your business’s property as collateral without your consent,” writes Shawn Grimsley in the Houston Chronicle. “Lenders obtain your consent to cross collateralization through a dragnet clause, which may allow the lender to use the collateral for any loans or other obligations your business may owe the lender.”

Is Cross Collateralization Bad?

If you can make your loan repayments on time, you’ll probably have no issues with cross collateralization. Trouble arises if you default, however. If an asset is cross-collateralized and you default on one of your loans, you will default on all of your loans, because the asset can no longer secure any of them.

Can Banks Cross-Collateralize?

Banks cross-collateralize often, but cross collateralization is even more common with credit unions. Cross collateralization is especially conventional when you seek multiple loans from a single lender. With every loan you take out, read over the agreement and make sure you consent to how a loan is secured.

How Do I Get Out of Cross Collateralization?

The best way to untangle yourself from a bad cross-collateralization situation is to contact the lender and attempt to renegotiate your loan. You might, for example, be able to secure the remaining debt with other collateral, although the repayment terms might be worse.

Bad cross-collateralization situations usually end with the loss of the asset, even if you declare bankruptcy. Unfortunately, besides repayment, the only way to get out of cross collateralization is by letting your lenders repossess the collateral. 

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