Your products or services are top-notch, productivity is at an all-time high, your employees are more focused than ever, and yet you’re still not generating as much revenue as you’d like. If this is the case for your business, you’ll be pleased to learn that thanks to the Internet, you can create opportunities to earn money 24 hours a day. Several widely-adapted, Internet-based marketing tactics allow you to increase leads and revenue at any time.
But while the concepts of these tactics aren’t too difficult to grasp, they only stand a chance at making money if they are done right. As any business owner knows, you’ve got to pay to have something done the right way because you’re also paying for the fruitful rewards that await. The following investments will additionally establish your reputation as an up-to-date competitor that doesn’t let any opportunity for advancement slip away.
Here are a few proven investments that can make you money while you sleep:
Maximizing the potential for sales begins with implementing a shopping cart on your website. Once your customer base begins to grow at an increased rate, current and new customers will expect to be able to buy what you sell online. After all, if you have all the space and employees you can handle, how else are you going to satisfy a jump in demand?
When a loyal customer spreads the word about your company, your new lead will most likely want to examine your products and obtain as much information as possible before taking action. The modern shopper hates to wait and has been known to make purchases in the after hours. More and more businesses are using online shopping carts only to see that their e-commerce feature is so confusing and sloppy that it is actually turning customers away. This is because these businesses neglected to outsource their e-commerce set-up to a reputable third-party. There are plenty of companies you can recruit to make sure your e-commerce feature is as easily navigable and informative as possible. Companies that specialize in e-commerce might be willing to set up autoresponders as well. With an autoresponder, visitors of your website can enter their email address and immediately receive an email containing a link to download a membership or coupon.
…AND EVERYTHING THAT COMES WITH IT
But implementing an online shopping cart doesn’t just involve an e-commerce company. You’ve got to order more inventory, partner up with a shipping company, and probably hire a temporary, in-house employee to give your website a complete overhaul so that it’s more professional and mobile-friendly.
For many industries, e-commerce is essential for simply leveling the playing field, which is why alternative business lenders like United Capital Source are open to financing such an investment. Numerous small business loan programs, most notably working capital loans, were designed for short-term investments that need to be paid for right away. This program supplies an amount comparable to the combined expenses of running your business, like payroll, bills, etc. Terms are flexible and you can receive funding in a matter of days.
Your new e-commerce feature has brought your business into the realm of more formidable competition. These competitors invest heavily in digital marketing, which is another great way to make money while you sleep. Starting a blog could potentially earn you commission as an affiliate who advertises other companies’ products or services that coincide with your own. If your company sells software, for example, you could write about a tech company that uses it. The companies you advertise might even be tempted to purchase ads on your website. A digital marketing team could also implement automated social media posts, which advertise blog posts, news about your industry, or exclusive offers on your products/services on a cyclical basis, 24 hours a day. Customers will see these posts the moment they sit down at their desks in the morning and right before they hit the hay.
Generally when you pay off a small business loan on time, you become eligible for a second business loan that could be larger than the first and will take less time and paperwork to be approved. Hiring a digital marketing team for a temporary period is an investment but a Merchant Cash Advance is designed for long-term projects that take time to pay off. With this program, a lump sum is supplied today in exchange for a percentage of future credit card sales, which are normally deducted on a daily basis or when you batch out your credit card terminal. There are no due dates or fixed monthly payments, so you can finance your investment without worrying about paying your bills or employees every month. The merchant account advance is paid back when your business produces sales, and this shouldn’t take long since most e-commerce sales are conducted via credit card.
GAINING THE MEANS TO MAKE IT HAPPEN
The business financing experts at United Capital Source have years of experience helping companies quickly purchase inventory or recruit the help they need to prevent falling behind their competitors. Unlike a bank, UCS can approve business funding in 24-48 hours because the application process is as simple as a one-page application and the collection of just a few financial documents. If you’re unsure about how to apply for small business financing, UCS is willing to guide you every step of the way to ensure you can maintain a steady budget!