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business

Small Business Loan

As taught by my professor at Small Business Management class – Small Business Loan is the hardest thing to get, especially when you don’t have a proven track of successful and established businesses behind you.However, SBA – Small Business Administration helps you to obtain loans with little or no collateral and with as little of (or bad) credit history as it gets. After all – dire straits is a good incentive to start a new business.Any help in securing a necessary finances is much appreciated – by upcoming entrepreneurs and existing small businesses. Especially the way the some companies do it, by requiring no collateral and (with good FICO score) almost no documentation (“the stronger your Credit History, the less documentation you will need to provide“). If you have a business to run, one more hassle you just don’t need is keeping up with paperwork. Trust me, I am business owner myself.

You can apply for a loan right on their web site via secure web form. There are two fees – application and consulting – due upon submitting application and application approval respectively. Other then this – the process seem to be very transparent. Oh, and there is no fee for cancellation, which must be a good thing.

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business zealus.com

WordPress or Joomla?

When choosing a Content Management system for your web site it is usually a good idea to ask yourself – what is the problem you are trying to solve?

Most people (as I noticed on several message boards) make same mistake – they try to figure out what software they need to make money online. “I want to create a community, what software do I need?”. First of all – what kind of community is it going to be? Writers? Photographers? Make-up artists? Everyone has a different requirement, and different level of knowledge. Photographers are a little easier to please, as they are used to complicated and cumbersome camera controls, but try to cater same interface to a community of models and make-up artists (same industry, after all) and you will be hit with an outcry for mercy.

Management 101: Before offering a service think – what is the problem the service is going to solve. If you have the answer to this question – you will find tools in no time.

Categories
sales zealus.com

Small business survival – 5 DON’Ts

During the course of creating e-Commerce web sites we get a lot of similar questions. This post contains five major DON’Ts for starting E-commerce entrepreneur. This is not, by any means, a concise guide, just answers to most commonly asked questions.

Don’t be afraid of Google, Yahoo and anyone else. It has been said numerous times – don’t think about search engines, think of your target audience. If you are in the business of selling widgets – write couple of good reviews on latest widgets, provide decent photos, build a reputation of a vendor who knows its widgets and not just sells stuff. Google likes good content as do your customers. One reason why I prefer to shop at Amazon and NewEgg – is because I can read reviews (including those of customers) and see lots of pictures.

Don’t be afraid of competition. Whatever you do (or decide to do) – there always will be a competition. Think of the ways you can do better then competition. Target niches, provide more information, stand out. If you sell what everyone else sells (like knock-offs, replicas and such) – be one step ahead, write a review, describe why people buy knock-offs, why yours are better then a shop next door.

Don’t forget to follow-up. This way your customer will know that you are serious seller, even if you sell one dollar widgets. Sending e-mail is as inexpensive as it could be. Even follow-up e-mails can be automated (schedule sending of an e-mail in your e-commerce system to your customers, 7 days upon successful finalizing of the order).

Don’t force your customer to register in order to check-out. Always offer a no-registration check-out option. You still be able to collect all the information about a customer you need, but you will save them a minute or two during checkout process and (this is more important) save them a hassle of remembering their password next time they are at your virtual door. They will register once they realize they return often enough.

Don’t overwhelm  your customers with all the current promotions and e-mails. Maintain a database of how many times you have e-mailed each customer. Try this trick: if you have sent out around seven promotions and a certain customer never visited any links from those e-mails – generate another e-mail that will ask the customer if he/she wants to unsubscribe from future e-mails. Unsubscribe automatically if no responce is given. Chances are hight that all your promotional correspondence ends up in Spam bin, so there is no reason to overload your servers or pay for e-mail delivery for this customer. On the other hand – it may alert customer and enact him/her to actually confirm subscription and look closer to your deals.