syndicated posts

Establishing business credit, also known as corporate credit, can be a daunting task for B2B companies. But, if you plan to grow your business, it’s something that simply must be done early in the game. In order get approved for high limit business lines of credit, business real estate mortgages, even business loans, you’ll need established credit. That means you’ll have to start to establish corporate credit now, so you won’t have set-backs later when you need it. Corporate Credit Basics One of the major business credit mistakes owners often make is not keeping personal credit separate from corporate credit. This is a definite no-no. The two should never be mixed, intertwined or merged in any way. The three main factors that affect business credit include: Time your business has been operating Size of the assets owned by your business Payment history records of various creditors Learn the basic of how to establish corporate credit from Ghetto Search Dot Com Image Source: Columbia REIA Each of these components is very important as you establish corporate credit for your B2B company. Once business credit is established, it’s important to make smart decisions when using lines of credit, credit cards, etc… to […]

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Every company wants repeat business from its clients. That means providing excellent customer service your clients can rely on each and every time. But, B2B customer experiences aren’t quite like those of B2C companies. That means tailoring your B2B customer service approaches to meet the needs of your types of clients. How to Provide Excellent B2B Customer Service Here are four tools to help you provide the quality of customer service your B2B expect from vendors: 1. Each Individual B2B Customer is Vital to Survival With B2Bs, each individual transaction could add up to hundreds, even thousands of dollars. Therefore, losing just one loyal customer could be detrimental to the B2B company’s survival. And, the only way to create customer loyalty is to create and nurture happy clients, providing high quality B2B customer service. B2B Customer Service is much more critical for the companies survival than that of B2C businesses. Image Source: Pay Anywhere 2. B2B Companies Love Verifiable Data When it comes to winning over B2B clients, actionable data rules. They want to see data related to trends, sales, traffic, etc… In other words, the more numbers you can provide, the better. 3. B2Bs Compete for Service Quality B2B […]

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It’s not always easy to choosing the right customer relationship management (CRM) software. But, it’s an important part of gaining an edge over the competition. CRM helps with this by effectively managing relationships with customers before the sale, during the sale and after the sale is final. What is Customer Relationship Management (CRM)? Plainly put, CRM is a system that makes it easier for businesses to manage relationships with their customers (and prospects). It also helps companies manage all of the information and data associated with these customer relationships. CRM allows you to store contact info, leads, accounts and opportunities to convert and makes sales in one central location. This makes it possible for the entire organization to access the data in real-time, as needed. That’s why it’s ideal for your CRM to be cloud-based, so it’s accessible anywhere in the world. How to Choose the Best CRMS Software in 7 Easy Steps This article is written with B2B companies in mind. However, these seven steps to choosing the best CRM software are beneficial to any entrepreneur or small business: CRM software helps the customer journey flow smoothly. Image from Page by Dion Hinchcliffe on flickr.com. 1) Select a Trusted […]

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What is passive income? It’s money you get whether you’re actively working or not. For B2Bs of today, this typically includes revenue from automated business systems, investment income and royalties. Passive income is essentially money you can earn even when you’re asleep. This post focuses on six different ways B2B companies can earn passive income. 6 Smart and Lucrative B2B Passive Income Ideas Back in the days, the most common type of B2B passive income was renting office space to a company. Your company owns the building. You rent it out to another company. Then, you sit back as the money from their rent comes in each month. Here are six passive income sources for B2B companies: 1. Affiliate Marketing Know of a service or product that really brings value to your B2B company? Well, with affiliate marketing, you can earn a percentage or flat-rate commission for referring others to the solution directly from your business website or blog. Benefits of Affiliate Marketing as a Passive Income: This is done using a specialized URL which helps the company track your referrals to their solutions on their site. You place the affiliate URL on your site, and wait for the commissions […]

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Almost all purchases in these days begin with online searches. That means that your business needs to have an online presence in order to remain relevant in your market. Online directories are affordable, sometimes even free, methods of advertising online. Here are four more lucrative benefits of listing your company on an online directory listings site: 1) Get Found Easily Building your brand online is the best way to get the word out about your solutions (products and/or services). The more consumers see your brand, the more awareness is created. Oftentimes, consumers will visit online business directory sites looking for specific solutions to solve specific problems. These sites make it simple to find businesses by searching through various categories. If your company’s not listed, they won’t find it during a search on the site. 2) Target Your Marketing Efforts Most consumers who visit online directory listings sites already have a clear goal. They know exactly what they’re searching for online. That means that in most cases, they’re already prepared to make an online purchase. They just need to find the right company to buy from online. One of the lucrative benefits of online directory listings is that you’re targeting your […]

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