Service Credit Card– Increasing Your Credit Line For Your New Business
The organization credit score card has actually currently been presented and also this has actually assisted tiny service proprietors to make acquisitions of important things as well as help in the begin up as well as upkeep of their firm. The service credit rating card sensation is a quick expanding pattern, as well as currently considerably even more than fifty percent of little companies have a credit score card customized particularly in the direction of them.
The Annual Fee
The downside, if you can call it that, of service charge card is that there is a yearly charge. When you begin to contrast company credit rating cards you will certainly quickly see that this yearly cost is just really tiny. You should, certainly, still take note of all costs that might be related to a certain charge card you are checking out however do not allow the reference of the yearly charge stop you from checking out.
Credit report Limits
Any type of brand-new service endeavor is confronted with large prices varying from the acquisition of furnishings to workplace products as well as these prices quickly accumulate. Company charge card normally supply a credit line as high as $50,000 providing you the resources you need to equip your workplace and also make several any type of various other crucial acquisitions. It is extremely hard to discover this sort of credit line anywhere else as a brand-new organization.
Staff Member Expenses And Spending
As acquisitions that the company requires to make as an entire, specific staff members might likewise need the usage of firm funds for organization associated acquisitions as well as costs. A service charge card allows you to securely keep an eye on the investing and also manage while still using your staff members the funds they call for to assist make your service a success.
Dividing Your Business Credit From Your Personal Credit
Organization bank card are not related to your very own individual credit line. By maintaining your service credit scores as well as your individual credit score different, your accounts will certainly be less complicated to handle and also income tax return will certainly be substantially much easier than without one. It likewise implies that it is not mirrored in your organization purchases due to the fact that your individual credit report score is not taken right into account.
Organization Rewards
Organization charge card are customized in the direction of organizations and also typically use exceptional incentives to organizations. Whereas an individual bank card might supply vacation price cuts, a calling card might rather supply decreased traveling costs or holiday accommodation.
For this factor you ought to pay specific focus to costs restrictions, credit history limitations, costs and also various other elements when you contrast service credit scores cards. Undoubtedly, the most significant prospective failure of your brand-new company credit rating card is the method you utilize it.
The service credit history card has actually currently been presented and also this has actually helped little company proprietors to make acquisitions of crucial things and also help in the beginning up as well as upkeep of their business. The organization credit rating card sensation is a quick expanding fad, as well as currently significantly even more than fifty percent of tiny organizations have a credit report card customized particularly in the direction of them. Service credit rating cards normally supply a credit score restriction as high as $50,000 providing you the resources you call for to equip your workplace as well as make numerous any type of various other necessary acquisitions. Company credit scores cards are not linked with your very own individual credit history limitation. For this factor you ought to pay certain focus to investing restrictions, credit rating limitations, charges as well as various other elements when you contrast service debt cards.
Have you ever wanted a fast way to get the best deals in retail stores like Walmart, Home Depot, Target, and more?
Whether you’re just looking to save some money or you’re into retail arbitrage, the ability to easily check product inventory from the comfort of your home is something many people only dreamed about.
What is BrickSeek, and how can it help you get the best deals on some of the most popular products?
What Is BrickSeek?
BrickSeek is an application that allows users to search for sales and clearance sales in retail shops in their area.
Launched in 2014, BrickSeek started as a website to help Lego enthusiasts find hard-to-find pieces—on and offline. The website quickly evolved into a massive platform that includes inventory information on just about every product stocked by retailers.
You can choose to use the web-based version or the mobile app as BrickSeek supports Android and iOS.
While BrickSeek doesn’t support all retail brands at the moment, they do have access to inventory for retailers like:
Target
Walmart
CVS
Home Depot
Macy’s
Lowes
Office Depot
Staples
BrickSeek uses product identification numbers like stock-keeping units (SKUs) and unique product codes (UPCs) to work its magic. With these, the software can find the best discount prices on specific products you want—for online and offline stores.
Besides showing you the best deals in your area, BrickSeek also shows the availability of all products stocked by most major retailers.
While you can use BrickSeek to browse store inventories, other features require you create a member account. Pricing starts at $9.99/month.
Why Should Consumers Use BrickSeek?
Now that you know what BrickSeek is, you’re probably wondering why you should even consider using the platform—especially the paid services.
There are two main reasons why you should use BrickSeek:
1. Saves Time (and Energy)
Tired of going from store to store looking for the best deal on products?
BrickSeek will take care of that for you with its inventory checker. With just a few clicks of a button, you can find out which stores offer the best deals. You can also learn whether they have the product in stock or not.
2. Saves Money
BrickSeek helps you save money by showing you the best deals on products. You also save money that you would have otherwise used to commute from one store to another.
Whether you’re a consumer or merchant, these two reasons are strong enough to make BrickSeek part of your tool kit.
How Does BrickSeek Work?
Thankfully, while it may seem like a daunting task to run through all the inventory of your favorite big box store, with BrickSeek, it isn’t. That’s because BrickSeek has a powerful inventory checker that digs into the inventory of the stores it supports.
From a user’s point of view, you have two options when it comes to using Brickseek to find deals:
1. Specific Search
To search for a specific product, you will need more information on the product than just its name. For best results, you’ll need metadata like the SKU, UPC, or model number of the product you’re looking for.
BrickSeek also allows you to filter out products by zip code, so you get the deals closest to you.
Once you’ve entered the product information, click on the “Check Inventory” button. BrickSeek will then give you information on:
Local stores that have the product in stock.
Available prices and best deals on products.
Number of products in stock at each store.
Do note there may be some minor discrepancies in rare cases of miscounts or server lag after inventory has been updated.
2. Browsing for Products
Another way of using Brickseek is by simply browsing trending deals.
This function is particularly useful if you’re a small business that deals in retail arbitrage. You can use it to find products that are in the clearance section. BrickSeek allows you to search by trending deals (online and in-store) and by categories to make the search easier.
What Effect Do Tools Like BrickSeek Have on E-Commerce?
The world of e-commerce is rapidly evolving, all thanks to technological advances in the industry. There has never been a better time for entrepreneurs to start an e-commerce store as the setup has become easy and affordable.
However, one of the main challenges budding e-commerce store owners face is finding the right products to sell, at the right price.
That’s where tools like BrickSeek come in.
Whether you’re looking for stuff to sell on platforms like eBay, Amazon, or any other platform you use for e-commerce, tools like BrickSeek streamline the process of finding what to sell. You can easily compare prices without having to leave the comfort of your couch. As a result, you speed up the process and get the best deals. These are all benefits you can pass on to your customers, giving you a competitive edge.
However, tools like BrickSeek are a double-edged sword. While they help e-commerce store owners find and sell more products, they also help savvy shoppers cut out the middleman. A simple visit to the BrickSeek website is all it takes for consumers looking for a great deal in-store or online.
BrickSeek Features
BrickSeek started as a simple platform for finding Lego pieces. However, the platform has evolved into a powerful tool you can use to search through massive product inventories to find specific products, the best deals, and the local stores that stock them. To help you do that, BrickSeek has several nifty features. Here are some of the most prominent ones:
Inventory Checker
The inventory checker is by far the most used feature on the BrickSeek website.
As noted earlier, this allows you to browse through the inventory of the retail stores featured on the platform.
Recent Stock Changes
BrickSeek’s recent stock update feature shows inventory updates like availability and price. A significant advantage of this feature is it helps you compare prices in different stores and locations. If you’re a consumer, this enables you to get the best deals. If you use BrickSeek for business purposes, it helps you decide how to price the items you buy for resale.
Markdowns by Store
As the name suggests, this members-only feature shows you items that have been marked down in stores near you. The number of items displayed is dependent on your membership level.
When you access each store’s markdown deals page on BrickSeek, you’ll get information on each product that has been marked down. Apart from the product name and description, this information includes:
previous and newest detected prices
date and timestamp of the recent detection
the manufacturer’s suggested retail price (MSRP)
a stock status indicator
This information is essential in helping you know whether the product that’s been marked down is worth investing in.
Online Stock Alert
Is the product you’re looking for out of stock?
This is where the online stock alert feature comes in handy.
The online stock alert feature is reserved for users who have created an account with BrickSeek. This handy feature sends notifications when out-of-stock or hard-to-find items are available in a store near you. When a product you’re looking for is out of stock, BrickSeek will ask if you want to be alerted when the product is in stock.
For those in the retail arbitrage business, the online stock alert feature is a massive time-saver as you won’t have to hunt for a product physically. It also gives you an advantage over your competitors as you get notified first when popular and in-demand products arrive in stock.
With features like these, BrickSeek is definitely a tool you must include in your tool stack as an e-commerce store owner, especially if retail arbitrage is your primary business model.
Three Alternatives to BrickSeek You Must Know
As excellent a tool as BrickSeek may be, it’s always a good idea to look around for some alternatives. That’s why I want to make that search easier for you by highlighting some of the most popular BrickSeek alternatives.
Let’s get to them, shall we?
Dealspotr
Dealspotr is one of the most popular BrickSeek alternatives and has been around since 2015. Dealspotr is a platform that finds coupon codes, discount sales, and promotions run by e-commerce stores listed in their store directory.
Besides their software that scours for deals, Dealspotr also has a large community of users who edit and verify the deals posted on the platform. This helps ensure all coupons and deals are current and legitimate. Another reason Dealspotr is so popular with users is that it rewards them for posting legitimate deals.
Slickdeals
Another great BrickSeek alternative is Slickdeals.
Slickdeals is touted as the most trusted deals platform on the internet as real people source all deals. The community of deal seekers that power the platform is obsessed with uncovering the greatest deals and savings opportunities online.
What sets Slickdeals apart from other platforms is the vibrant community designed to make you feel like part of a tribe of like-minded people. Everyone on the platform can share, confirm, and comment on deals to make sure everyone benefits. You can also sign up to receive notifications of deals in your favorite categories.
PriceGrabber
Getting the best deals means finding the lowest-priced products. That’s exactly what PriceGrabber does.
PriceGrabber is a price-comparison site that allows you to compare prices on products in almost every category in retail. Whether you’re a merchant looking for inventory or a savvy shopper looking for a great deal, PriceGrabber is an excellent platform to turn to.
BrickSeek for Consumers Conclusion
With retail e-commerce sales at $4.9 billion last year alone, there’s no better time than now to hop on the e-commerce bandwagon. To catch up to players who have been in the game for long, you need an ace up your sleeve.
BrickSeek might just be that ace you need to make your first e-commerce sale and many more.
Leverage the platform to find the best deals around, and you’ll soon grow a thriving e-commerce business. BrickSeek will also help you personalize your inventory as you use it to find out what your customers are looking for.
Have you ever used BrickSeek or its alternatives in your e-commerce business?
Check out Business Grants for Small Black Owned Businesses and So Much More
Are you one of the millions of black business owners in the US? Or are you starting a business? Money is always going to be an issue. What if you could get what is essentially free money? That’s what grants are (for the most part). Yes, you can get grants for small black owned businesses.
Looking for Grants for Small Black Owned Businesses – and Other Options
How do you find the best options for you? How do you know if you need to be looking for grants or business loans? We recommend that you explore every option. This is because it will probably take a combination of funding options to fully fund your business.
Funding and Grants for Small Black Owned Businesses
There are grants for black business owners, but not necessarily for them exclusively. Still, there are other funding choices out there. Loans, crowdfunding, and even angel investors are all viable options. More on those later.
Business Grants for Small Black Owned Businesses
The government and private organizations want to GIVE you money! Though highly competitive and rarely enough to fund a business on their own, grants are a great way to supplement other business funding. And they are still worth the effort to apply. There really isn’t anything to lose except time – it’s free money. Here are a few you can start with.
The Minority Business Development Agency
The Minority Business Development Agency (MBDA) is operated by the US Department of Commerce. It is dedicated to helping minority-owned businesses access the resources they need to grow and succeed. The MBDA is for both men and women. Grant competitions are regularly changing.
Visit the MBDA’s website for information on all current opportunities. Currently, the MBDA helps its members apply for grants via Grants.gov. This involves help with how to apply for government grants. See mbda.gov/grants.
Enterprising Women of Color Initiative
The MBDA oversees the Enterprising Women of Color (EWOC) Initiative. The initiative works to focus on the fast-expanding minority women entrepreneur population as a revenue generators for families, communities, and the nation. Minority women are the fastest growing population of entrepreneurs. While many women are making tremendous strides in the business world, they still face obstacles as entrepreneurs.
MBDA serves as an advocate for women’s economic empowerment, by supporting efforts to advance women’s equality and promote women economic advancement programming. The vision of EWOC is to ensure women worldwide to reach their economic potential. See mbda.gov.
National Black MBA Association Scale-Up Pitch Challenge
Also known as NBMBAA, the Scale-Up Pitch Challenge has cash prizes ranging from $1,000 to $50,000. The association states its purpose is to help newer businesses that have an African American ownership. This is a pitch competition for startup businesses. See nbmbaa.org/scale-up-pitch-challenge.
Black businesswomen have even more options open to them. The Amber Grant awards one prize of $10,000 per month to a woman-owned business. One of the recipients also receives an additional $25,000 grant at the end of the year. Applicants only need to tell their story and turn it in with a $15 application fee. See ambergrantsforwomen.com/get-an-amber-grant/apply-now
Cartier Women’s Initiative Award
Black businesswomen can also try for a Cartier award. This award is for women and there’s no specification that a woman be a member of a minority group. The Cartier Women’s Initiative Award has a regional category award and a science and technology award. The regional award is $100,000 for first place, with $30,000 for second and third place.
The award goes to three women from each of seven international regions. This award is a grant to 21 female business owners from around the world each year. Women business owners who are just getting started may qualify. Look over the complete application for more information. See cartierwomensinitiative.com/about-us
Cartier Science and Technology Pioneer Award and Fellowship
The Cartier Science and Technology Pioneer award is new as of 2021. With this award, three more women impact entrepreneurs at the forefront of scientific and technological innovation will be recognized for a new thematic award. Open to women entrepreneurs from any country and sector, this award will highlight disruptive solutions built around unique, protected, or hard-to-reproduce technological or scientific advances.
The laureate will be awarded a $100,000 grant. Each of the two remaining finalists will receive a $30,000 grant.
Cartier also offers a fellowship program. The fellowship is an educational program geared towards the 24 fellows selected each year. This program aims to equip the fellows with the necessary skills to grow their business. Also, it helps them to build their leadership capacity by drawing upon the experience and expertise of an array of academics, practitioners, industry experts, and entrepreneurs.
The fellowship isn’t exactly a grant. But while it’s not a monetary award, the mentoring and networking opportunities could be worthwhile to apply for. See cartierwomensinitiative.com/fellowship-programme.
The Native American Business Development Institute (NABDI) Grant
Are you also part Native American? Then check out this grant.
The NABDI Grant is funded by the US Department of the Interior’s Bureau of Indian Affairs. It provides funding to business owners of Native American or Alaskan Native descent. In 2019, the program provided more than $727,000 to 21 indigenous tribes, to support economic feasibility studies for specific economic development projects or business startups.
For 2020, NABDI planned to award 20-25 grants. There is no minimum or maximum amount of funding that can be requested, but most awards range in value from $25,000 to $75,000. They only fund projects for one year at a time, which is when they expect projects to be completed. To apply for a NABDI grant for your proposed economic development feasibility study, go to bia.gov/service/grants/tedc/apply-nabdi-grant.
Indian Affairs
For black business owners who also have Native American heritage, it doesn’t stop there. There is more available via the Bureau of Indian Affairs. Businesses owned by Native Americans can get financing from the federal government through the Indian Affairs branch. An individual can fill out an application for up to $500,000, but business entities and tribal enterprises may apply for more.
Potential borrowers can apply with any lending institution, they just have to use the application for Indian Affairs. There are additional requirements if you use the funds for construction, renovation, or refinancing. In general, you must supply a list of collateral, a credit report, and an analysis of business operations. See bia.gov/as-ia/ieed/loan-guaranty-insurance-and-interest-subsidy-program.
The South Asian Arts Resiliency Fund
If your business is in the arts, and you’re also of South Asian descent, then check out this fund. The fund is run by the India Center Foundation. It supports US-based South Asian arts workers impacted by the COVID-19 pandemic.
The fund will disburse grants up to $2,000, depending on financial need to US-based arts workers of South Asian descent. This includes those in the performing arts, film, visual arts, and literature with heritage from Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. Initial funding for the program is $20,000, but the India Center Foundation is soliciting donations to expand the grant program.
Eligibility for The South Asian Arts Resiliency Fund
To be eligible, applicants must be of South Asian descent. Also, they must work in the arts and demonstrate loss of income due to COVID-19. Also, applicants must be:
at least 21 years old
not enrolled in a degree program, and
able to receive taxable income in the US
You can put grant funding toward any artistic project you can develop, create, and present within four to six weeks of getting funding. See theindiacenter.us/artsfund.
Grants.gov is a running list of more than 1,000 available federal government grants. The website compiles grants from over two dozen government agencies. These include the SBA, USDA, and the US Department of Commerce. To find a grant right for your business, use the Search Grants tool on the website. You can sort through the list of grants by keyword or opportunity number.
Once you have located the grant you wish to apply for, click the opportunity number for more detail. There, you will find more information about the specific grant as well as any associated documentation you may need. To apply for a grant through Grants.gov, you must first register. Then, you can download an application package for the grant you want to get. Be ready for a lengthy process. See grants.gov.
An Alternative to Grants for Small Black Owned Businesses: Angel Investors
Angel investors are informal investors. Essentially, you are selling a part of your business to them. They tend to not want a huge percentage of your business. Also, they won’t pass by more conventional businesses, like with crowdfunding and venture capital. Hence they can be another supplement or replacement for grants.
An Alternative to Grants for Small Black Owned Businesses: Crowdfunding
If you would rather not rely on grants so much to fund your business, crowdfunding is a viable option. Keep in mind, not everyone with a campaign on a crowdfunding site is successful. More unique products and services tend to do better. Kickstarter and Indiegogo are two of the most popular crowdfunding platforms to use. Some platforms may have higher success rates than others.
An Alternative to Grants for Small Black Owned Businesses: Loans
If grants aren’t an option, loans might work for you.
Business Center for New Americans
If you’re an immigrant, then try the Business Center for New Americans. They offer a pilot program for microloans up to $75,000. They work with immigrants, refugees, women, and other minority entrepreneurs. The goal is to help minority business owners who have not been able to get traditional financing. Terms are 3% interest. Loan repayment term goes up to a year. See accompanycapital.org.
Grants for Small Black Owned Businesses: Takeaways
There are several options for grants for black owned businesses. Black entrepreneurs should apply for whichever grants they feel they are most likely to get. Other options for funding include crowdfunding, angel investors, and loans. Credit Suite can help you get the funding you need.
Universe | Full time | Remote | Engineering | workatuniverse.com
With Universe (http://apple.co/Universe), anyone on earth can build a custom website or online store in seconds — without code, all from a phone. We’re looking for a few engineers to join our team:
We are a remote-first 25+ person company with people all over the US. We joined Y Combinator in 2018 and have raised $17.2MM in funding from Google Ventures, General Catalyst, Javelin Venture Partners, Box Group, and more top investors.
We value individual agency and ownership — which guides our product design and our company’s culture. We believe that an individual’s capacity for growth is far larger than most understand, and we’ve designed an environment to support rapid, continuous learning. Ideas here come from everyone, initiative is respected, and quality matters. We are here to build something special and enduring.
Mention HN in the text box at the bottom when you apply!
Check out Business Grants for Small Black Owned Businesses and So Much More Are you one of the millions of black business owners in the US? Or are you starting a business? Money is always going to be an issue. What if you could get what is essentially free money? That’s what grants are (for … Continue reading Get Grants for Small Black Owned Businesses
GDPR Cookie Consent Agreement
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.AcceptRejectRead More
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
