Selasa, 28 Februari 2017

Your Business Merchant Account

Do you have a business merchant account? If not, isn’t it time you got one? The companies you compete against for customer business may already have this special account that allows them to process customers’ credit payments. If you are not yet doing so, why not apply for a merchant account to help your business grow? 

A business merchant account is the best way to expand your company’s operations and conduct e-commerce without risking too much of an investment. Simply apply for a merchant account the way an individual would apply for a personal credit card. As with individual applicants, a company needs to show a positive credit history and the ability to make payments on a merchant account at present. In addition, it cannot be involved in shady dealings with which the underwriters might not agree. Many lenders will let you apply online, although some charge a fee for this. Often you will get a decision on your application within a day or two. If approved, you can begin making arrangements to accept credit payments in a variety of ways. Pay attention to fees and payment terms. For example, you may be asked to pay 15 to 25 cents per transaction. Or you could have the choice of paying a low overall percentage rate. Some lenders impose minimums, though, meaning you will have to pay a “bottom line” fee no matter how many transactions you make. 

Your business merchant account will let you purchase or lease a credit card processor that can be plugged into your store. Or you can take a wireless version with you when collecting payments from other locations. Many business owners prefer to use a telephone ordering and payment system. This can be automated, reducing the need for staffing except for questions or glitches. Customers can speak or touch-dial their credit card numbers into the phone to process orders at their convenience. You will need to make sure your system is fully operational at all times and that it is customer-friendly to keep from annoying or even driving away current or new clients. 

When you utilize a business merchant account, you can receive a printed monthly statement, discounts for other services, and occasional other benefits as well. Being able to accept credit card payments suggests that customers will look at you a little differently, knowing that you have earned an underwriter’s trust for this important role. Posting signs for accepting credit card payments places your company in the ranks of the elite, since many smaller or newer companies do not yet enjoy this privilege. When you begin accepting credit card processing, you can move away from cash-only payments or checks that can bounce. The time saved from managing cash flow can be channeled into more meaningful tasks. 

Getting a merchant account means that you’re ready to upgrade your business, and that you are taking extra steps to accommodate your customers. Be proud to receive a merchant account, knowing that not everyone is approved. Handle it responsibly, since you have much to be thankful for with your new business merchant account.

Your Own Credit Repair Business

If you are considering starting your own credit repair business, or you already own your own credit repair business, you may have played with the idea of purchasing credit repair leads.

Having your own credit repair business allows for you to obtain business for credit repair on many levels. However, with credit repair leads, the customer is basically looking for, and asking for your help.

With a credit repair lead, you will have a potential customer who is serious about having repair work done to their credit report. Otherwise, they never would have come as far as putting a phone number or e-mail out there for contact purposes.

These potential customers are not merely thinking about it, or just playing with the idea, they are truly serious and they are waiting on a phone call from your own credit repair business.

Of all the credit repair business opportunities available for your own credit repair business, purchasing credit repair leads is perhaps one of the best. Basically, the potential customer has come to you, and provided you with their information before you have even made contact.

Keep in mind, like all business opportunities, credit repair business opportunities for your own credit repair business need to be researched before any kind of commitment or investment is involved.

If you are considering purchasing credit repair leads for your own credit repair business, be sure to research the company you are purchasing them from.

Call and speak with one of their customer service rep’s and find out how they obtain their credit repair leads and what the process is for obtaining them in a timely fashion.

Your Proposal Didn't Win? Make Sure You Get Something From Losing

No matter how successful you are, eventually you will lose potential contracts. This is not always a bad thing - losing contracts can present you with opportunities to get closer to the client and get valuable feedback. It allows you to analyze what you did wrong, what was done right, and how you can improve your products, services…and proposals.

If you do lose a contract you should always ask for feedback and find out why you lost. Client’s are often happy to provide feedback to “soften the blow” of losing a contract. This is especially true if there was an elaborate qualification period or your proposal required an extensive amount of preparation and research.

Quite often, the deciding factor may be price and you may lose out on contracts where you proposed a superior product or service. Everyone who has lost a contract has been told that it was lost because they were too expensive…but how often have you been told you won because you were cheap?

Even if price is the primary reason, it’s good to know. It may mean that you misinterpreted the tender requirements and proposed something above the specification. Alternatively you may need to re-evaluate your pricing, or even serve to shift your focus to higher end clients who pay a premium for the products and services you offer.

It may be they liked another company’s track record better, they may have previous dealing with the chosen supplier, or sometimes you may not have fully addressed their concerns in your proposal. Whatever the reason, there is always something that can be learned.

Try and get a face to face meeting. This will enable you to get the most honest and detailed feedback possible – clients will often be prepared to say things off the record that they won’t commit to paper. You can also use the lost opportunity as a chance to get to know the client better, build rapport and start to position yourself for future contracts. Any opportunity to develop a relationship with a perspective client serves to better your business base so always take advantage of these opportunities whenever you can.

Remember to also ask for feedback when you win. Ask the client why you were chosen, exactly how you stood out from the rest of the field and how your proposal could have been better – check if there were any parts of your proposal that caused doubt or uncertainty with the client.

All of these options offer you a chance to improve your products and services, eventually resulting in more clients and better business. In such a competitive marketplace you need to grasp any potential advantage you can find. Finding out exactly why you lost makes a huge difference the next time around. Be willing to look at your faults and be prepared to change – it’s about what the client wants, not what you have to offer.