DataOps Solutions: Software, Tools, and Alternatives

Data is changing the way we do business. The amount of information available to us as business owners and that we should be processing and using to our advantage is staggering.

The amount of digital data, made and distributed, is 79 zettabytes. A zettabyte is one sextillion bytes. It’s a lot. By 2025, that number may skyrocket to 181 zettabytes.

We call it big data, but even small data is coming at us faster and faster.

It’s what they do with data that matters. It doesn’t mean much unless it’s leveraged.

Data can provide invaluable insights into everything from demographics to customer behavior, even future sales forecasting and more. It can be an unparalleled resource for you as you make decisions moving forward with your business.

Furthermore, data can come in real-time, allowing you to make on-the-fly decisions and pivots to respond to the market and capture live opportunities.

Again, none of this matters if your data is out of data or too hard to access. That’s where DataOps comes in.

What Is DataOps?

DataOps is a relatively new term that encompasses a wide range of tools to solve the problems of what to do with data coming in and how to make it pertinent to those who need it.

When you’re working with a batch of data, there are a few things that need to happen to make it relevant:

It needs to be organized in ways that make sense: This means pulling in the relevant data and weeding out unnecessary information.
It needs to be analyzed: How does it compare to past data or concurrent data?
It needs to be interpreted: What do all those numbers mean for your brand? What should you do in reaction? How can you be proactive knowing this data?

All those things need to happen quickly. Then it needs to continue happening as more data comes in. The cycle needs to continue at speed.

DataOps are the architectures and software developed to do all of this at scale, in an agile, responsive manner.

How to Implement DataOps

Whether you go with a DataOps tool or build something in-house to address your needs, there are a few steps you should take to ensure smooth and effective processes.

1. Use Automated Testing

To rely on your data and the DataOps that are delivering and activating processes, you need to know you can trust the information.

Run automated tests through the programs to look for bugs and ensure that data is coming through as you expect it to. This step is about making sure the actual tools are working properly.

2. Perform Data Monitoring

In addition to automated testing, you’re going to want to conduct data monitoring. Here you will be checking in on the quality of the data being processed.

This goes back to your goals. What are you trying to measure? Use your standards for what qualifies as “good data” and check in regularly. Ensure your processes gather and analyze “good data” and not be tainted by irrelevant or inaccurate information.

These regular check-ins improve confidence in the system.

3. Work in Multiple Environments

Just as in DevOps, DataOps should occur in various environments or spaces. Think of these as levels where you can experiment and test your DataOps. You’ll want environments for developing DataOps, for testing and analyzing, and for going live.

Keeping these separate gives you the freedom to develop new workflows or ideas in a staging environment before moving to a live one. This prevents your data from becoming skewed by bad development or bugs. You can work them out in an earlier environment.

This also allows your team to work concurrently in the early stages of development and idea testing through bug testing, all before you go live. Your team can also work on various ideas concurrently without crossing streams or backtracking, potentially messing up one another’s projects.

4. Containerize Code

A fundamental purpose of DataOps is to stay agile. Containerizing your code keeps it streamlined and simple. Containerizing means packaging in simple, reusable bits of code so that it can be used across platforms or languages.

It also means that it can be repurposed or tweaked slightly and rerun for another project. This keeps the whole operation agile, allowing you to act quickly with updates and new launches as you continue to hone your data operations.

5. Perform Regression Testing

As you’re moving forward with DataOps, regression testing is critical. With each new update and new operation you are utilizing, you’ll want to ensure new problems aren’t introduced and old problems aren’t reintroduced. Regression testing runs a program through its spaces to ensure that it’s still working properly with the new changes. If any bugs do crop up, you can step back to the previous version, ensure that it’s running properly, and then take the update back to development before introducing it again.

5 DataOps Tool Examples

As DataOps evolves, many programs and tools are being developed to support this approach to data analytics and processing. The software you pursue will depend on your goals, the amount of data you are dealing with, and other tasks or tools you need to integrate. Some of the options listed here may be bulkier than you need.

Before purchasing, read up on the features offered and how it works with tools you are already using to determine whether this is the right option for you.

You should know that while all of these promise a certain level of ease and approachability, they do start from a place of general knowledge and confidence with data software and API integration. You may want to turn to your web development team for support here. Some software developers listed here also offer in-house support and consultations that can help get your DataOps off the ground.

1. Fraxses

Fraxses promises to help brands who have access to lots of data, but need help with integrating that data in ways that actually work for them.

In a video example on their homepage, a retail brand was getting lots of great data, but didn’t have a way to access and integrate data directly from their customers that they could integrate in real-time on a single platform or dashboard.

Fraxses offers these kinds of solutions in the agile formatting required by DataOps. For example, the tool:

doesn’t rely on a single language but can be written in whatever you need
is decentralized
is low code or no code
can be democratized

Fraxses describes itself as a mesh or fabric you can lay over your existing data structures and platforms to pull together and interconnect the information you need.

2. RightData

RightData describes DataOps as DevOps plus analytics. They offer brands DevOps level of support for their analytics and data management, with the constraints of DataOps, which includes:

an agile approach
continuous delivery of data
a quick release times or sprints

RightData is a DevOps integration to support data and analytics management in your brand. Their promise is that they can keep up with the testing and monitoring part of the cycle after you’ve developed a system. This keeps your DataOps rolling forward and working seamlessly and quickly.

RightData also focuses on customer privacy and security, which is a key component to DataOps. Data breaches can cause an instant stop to your DataOps continuous processing and clog up the whole system. Maintaining security is key to moving forward in confidence.

Companies who want to learn more about working with the RightData DataOps tool can contact them directly for a demo and quote.

3. MLflow

MLflow stands for Machine Learning flow and it is a cloud-based platform on which you can run DataOps.

It’s an open-source platform, that can work on any language or with any coding. MLflow can be used by a single user or an entire company with many users.

It was created to solve the problem of too many data analytics tools making it too hard to move through a DataOps cycle with agility and continuity. DataOps relies on seamless reproduction to move ahead in quick sprints, not marathons of time waiting for data to be crunched while it grows irrelevant.

MLflow brings a solution to the community that brands are welcome to try, develop, and work together to make better.

If you’re into this kind of tinkering, you may want to explore MLflow.

4. K2View

K2View brings all the DataOps solutions that a brand needs under one roof so you don’t have to think about integrating this and that or whether your DIY DataOps fabric is covering all the bases.

Its premise is simple. They promise an all-in-one DataOps solution that brings you all the benefits including:

a single dashboard to monitor and digest all the information you need, whenever you need it
full, in-depth information on any product, customer, location or area, demographic, and more data that is up-to-the-minute and relevant, rather than lagging or growing old
continuous delivery of data
an adaptable and flexible framework that reacts to the data coming in
security support

The various integrations also ensure that anyone at your company who needs access to the data gets the interpolated and real-time information they need, from marketing to point of sales, from management to the floor.

You can contact K2View for a quote and can also check out a Proof of Concept for free for two weeks.

5. Tengu

Tengu is another DataOps platform available to you as a brand owner. Also low or no code, Tengu promises to be an approachable, off-the-shelf option for someone looking to start working with a DataOps solution. It can be used in the cloud for remote or spread out teams or directly at a single physical location if you want something more secure.

Not wanting a lack of knowledge to be a limiting factor, Tengu is built around self-service so users can get access to the features you need, and you can set it up with little technical experience.

They also boast that they are more than just the technology they deliver. They support their customers with consulting on how they can be better using their data and what kinds of systems will help them do that.

Those interested in Tengu can contact them directly to learn more about Tengu’s pricing levels and various consulting services.

Frequently Asked Questions About DataOps

What Is DataOps?

DataOps is a type of agile and continuous methodology, for the managing and interpreting of data for a company. With this approach, brands can process their data faster and more pertinent to their needs.

Why Is DataOps Important?

DataOps works at scale to crunch data quickly and more efficiently, in repeatable sprints, so companies have access to the information they need in real-time, in a single location, across departments.

How Do You Use DataOps in Marketing?

You can continuously gather data from customers, their experiences, the products people are buying, and more to make real-time decisions about how to reach more of your target audience.

What Are DataOps Tools?

DataOps tools integrate into your existing data collection software to process and deliver data information in a primary platform or dashboard. Examples include FraXses, RightData, MLflow, K2View, and Tengu.

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Guide to DataOps: Conclusion

Data is critical to our sales and marketing cycles. While there are plenty of great data analysis software options, sometimes you need that information coming in faster. With speed comes the need for efficiency, accuracy, and security. DataOps is the answer, in flexible and agile environments, constantly dripping in reliable data your brand can use to build better sales processes, respond to customer needs and wants, and hit your goals with more efficiency.

Which DataOps tool are you going to try first?

7 Link Shortener Alternatives to Goo.gl

When you’re trying to drive traffic to your website and generate new leads, the goal is to make your content as attractive as possible. After all, with so much competition out there, it’s important you stand out from the crowd and grab someone’s attention right away, right?

The answer’s yes!

Just like you spend time and energy creating visually appealing content for users to enjoy, you shouldn’t forget the finer details: namely, your links.

Yes, really. URLs matter. Let me show you why link shortening is worth your time and what link shoortening alternatives to Goo.gl are worth trying.

What Is Link Shortening?

Link shortening takes longer links, with their confusing combination of numbers, letters, and special characters, and turns it into a short, readable link.

Here’s an example from NASA’s Twitter feed. The link is only a few characters long, it contains the NASA branding, and it’s clear where the link redirects to:

Link Shortener Alternatives to Goo.gl - Example from NASA Twitter Feed

Here’s another example. When you click the link, it takes you to a YouTube video. The destination is fairly clear from the short link (youtu.be) even though it’s unbranded, meaning there’s no mention of NASA’s name in the link:

Link Shortener Alternatives to Goo.gl - Example of NASA YouTube Video

The original “longer” link looks like this: https://www.youtube.com/watch?v=1Mqsd0ru_pc

Which one do you think looks more attractive on a website or social media post? Which one would you be more likely to click on?

Chances are, it’s the first option, and the reality is, your potential customers feel the same way.

Why Should You Use a Link Shortening Tool?

OK, so that’s how link shortening works, but is it worth your time? Here’s a bit more detail.

In most cases, URL shortener tools also track how many people click your links. You can track who clicked your link to calculate the success of ad campaigns or content marketing strategies you’re running. From a marketing perspective, link shorteners are invaluable.

It’s also ideal for socia l media posts, where you might have a limited number of characters to convey your message. Shortening URLs and focusing on content makes it easier to engage your followers.

Finally, short URLs are more attractive. They’re easier to read and make your content more user-friendly. You can also create branded links with URL shorteners to reinforce your brand message at the same time.

Since great marketing is all about creating a great experience for your customers and building awareness, short URLs are a crucial tool.

To be clear, it’s not always worth shortening URLs. For example, if you’re just linking from one page on your website to another, there’s no need to shorten the link.

If you need help figuring out which links to shorten and which ones to leave alone, check out my consulting services.

How Did Goo.gl Work?

Google’s own URL shortening tool, Goo.gl, launched back in 2009.

At first, it only worked with Google applications, meaning you could only shorten URLs for the Google toolbar. However, Google made the tool available to the public in 2010, which made it simpler for all website owners to access and use.

Goo.gl offered a simple means to create shorter, more readable URLs. All you had to do was input your long URL and Goo.gl generated a smaller URL without lines of extra characters:

Link Shortener Alternatives to Goo.gl - How Did Goo.gl Work

You didn’t need a Google or G Suite account to create a one-off URL, either. However, if you wanted to keep track of all your custom URLs, you could create an account and view all your shortened links at a glance:

Link Shortener Alternatives to Goo.gl - Screenshot of Simplifying Links with Goo.gl

Website owners could also track how many people clicked the shortened URL, which helped with marketing strategy creation:

Link Shortener Alternatives to Goo.gl - Website owners could track how many people clicked the shortened URL

Why did Google shut down Goo.gl, though? Put simply, Goo.gl wasn’t designed for anything other than desktop browsing. As browsing habits changed and it became more common for people to access the web through mobile devices or apps, Google realized the tool just wasn’t flexible enough to stay competitive.

The answer? Firebase Dynamic Links, or FDL, which replaced Goo.gl back in 2019. As we’ll see in a moment, FDL improves upon Goo.gl in a few ways, although it’s not the only URL shortening tool worth considering.

7 Goo.gl Replacements

There are many other link shortening tools out there, so how do you choose the right one for your needs? To help you narrow your search, here are seven promising alternatives to Goo.gl you can try right now.

1. Firebase Dynamic Links

Since Firebase Dynamic Links (FDL) replaced Goo.gl, it’s a good tool to start with if you’re focusing on app creation and development.

Firebase works similarly to Goo.gl, since you’re still creating short URLs. However, these URLs are no ordinary links: they’re “smart” links, or Dynamic Links.

When a user clicks on a FDL link, they’re directed to exactly where you want them to go in your Android or iPhone app… even if they don’t already have the app installed. They simply download the app and the right page loads automatically.

Cool, right?

It doesn’t matter whether they click through from a desktop browser or mobile device, either. They will be directed to a compatible version of your website, so there’s no need for you to generate different URLs for each platform.

If you’re focusing on app-based marketing, definitely consider FDL. There’s a free plan available, although the paid plan has some nice features.

2. Rebrandly

Do you want to create unique branded links using custom domain names? Then Rebrandly could be for you.

Trusted by global brands like IBM and Shopify, Rebrandly is more than just a URL shortening tool. It’s a link management platform designed to help you build entire marketing campaigns around branded links in just a few clicks.

Without leaving your browser, you can create and share links across over 100 integrated apps including Twitter, LinkedIn, and Facebook. Plus, you can measure your campaign results from the dashboard.

Link Shortener Alternatives to Goo.gl - Rebrandly

It’s free to sign up, but paid packages start at just $29 per month, which gives you access to more detailed metrics and a larger number of branded links. If you’re looking for an enterprise-level solution for larger teams, reach out to Rebrandly for a custom quote.

3. Ow.ly

If you’re already using Hootsuite, Ow.ly is worth a look.

You can shorten any link posted to social media right from the Hootsuite dashboard. This lets you view everything from your campaign ROI to your link metrics at the same time. There’s no need to switch between different tools (unless you’re also using other platforms like Google Analytics.)

Ow.ly comes free with every Hootsuite account, too, so you don’t need a paid subscription to benefit from the tool. Sounds good, right?

All that said, Ow.ly’s only available to Hootsuite users, so it’s not the right tool for everyone, but it’s worth a try if you already use Hootsuite.

4. Bitly

For enterprise-grade link management, consider Bitly, one of the most comprehensive tools out there.

With Bitly, you’re not just creating short, branded links. You’re turning those links into valuable marketing tools. Bitly offers some of the most in-depth campaign management tools available to help you track everything from clicks to organic shares.

It’s a useful tool for tracking customer journeys without hopping between different CRMs, making it ideal for larger companies looking to track data and grow their campaigns efficiently. You can even generate QR codes to engage customers and drive sales.

What’s more, Bitly is trusted by the likes of Amazon, Disney, and Gartner, so you know it’s a platform that delivers on its promises! Packages start at $29 per month.

5. TinyURL

No roundup of link shortening tools is complete without TinyURL, the very first program of its kind:

Link Shortener Alternatives to Goo.gl - TinyURL

You don’t need an account to shorten one or two short URLs. To get the most of the platform, sign up for a free account which allows you to create an unlimited number of URLs and track clicks.

The Pro package starts at $9.99 per month and offers advanced tracking options. For businesses looking to run high-volume ad campaigns, the Bulk package may be a better option at $99.00 per month.

If you’re looking for a no-fuss way to shorten your URLs and track some metrics, TinyURL is worth a go.

6. BL.INK

Are you a small business owner looking to launch marketing campaigns but don’t need a large-scale solution? BL.INK was designed for you.

With BL.INK, you can quickly share shortened URLs across social media channels and even send actionable links by SMS or messaging platforms. BL.INK seamlessly integrates with existing worktools and CMS, so you can easily track link performance and view the data alongside other metrics.

Packages start at $48 per month, making it one of the more expensive tools on the list. However, you can try it free for 21 days, which is a bonus.

If you’re not looking for an enterprise-level solution but want more than just a basic shortening tool, consider BL.INK.

7. Sniply

Do you want to add a CTA to every shortened link you create? Now you can, thanks to Sniply.

On the surface, Sniply works like any other link shortener. However, it offers a unique level of customization: you can embed a colorful CTA button with every link you share across social media.

Not only do your links look more appealing because they’re shorter, but they’re more actionable than ever:

Link Shortener Alternatives to Goo.gl - Sniply

Pricing is reasonable, too, with packages starting at $29 per month. However, if you want to add more than one team member, you’ll need to opt for a more expensive tier.

Link Shortener Frequently Asked Questions

What is link shortening?

Link shortening, or URL shortening, lets you change how a link displays to users. You can make a URL appear shorter or even add branding and still send users to the correct page.

What’s the point of link shortening?

A link shortening tool turns a long, rambling link into something memorable to share with prospects, which is handy on social media. You can also track the number of real people visiting your website, which provides more accurate analytics information.

Why did Google stop supporting Goo.gl?

Google made the changes in response to how people use the internet. Its new tool, Firebase Dynamic Links, is more flexible than Goo.gl and lets site owners redirect users on mobile apps rather than just desktop websites.

When should you not use link shortening?

Since one of the main reasons we shorten links is for tracking purposes, you don’t need to shorten links if you’re just linking from one page on your website to another.

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Link Shortener Conclusion

Are the alternatives to the Goo.gl link shortener worth your time? Absolutely. With the range of link management tools out there, you can quickly generate short, readable links to showcase your brand and drive traffic to your website.

What’s more, there’s a link shortening tool to suit every marketing strategy, whether you’re looking for a no-fuss, budget-friendly option or want to invest in an enterprise-level solution.

Have you tried a link shortening tool yet? How has it improved your conversions or made it easier to track your performance?

Alternatives to Business Credit Cards for Poor Credit

Business credit cards for poor credit are hard to find. They exist, but there are not many of them. If you have bad credit, you need to fix it. Still, that doesn’t change the fact that you need funding options in the meantime.

Options for Funding Other Than Business Credit Cards for Poor Credit

What are your options for funding your business other than business credit cards for poor credit? There are a few. The best thing to do is choose those that will help you build business credit, so that your bad credit no longer dictates which funding options you choose. Rather, the door will be wide open and you will be able to choose the options with the best rates and terms regardless of credit requirements.

Credit Line Hybrid Financing: Get up to $150,000 in financing so your business can thrive.

Let’s start with a couple of actual business cards for bad credit.

Brex Card for Startups

The Brex card for startups is one of the few true options if you are looking for business credit cards for poor credit. Even a FICO as low as 300 may qualify. There is no annual fee, and you can apply with your EIN rather than your SSN. There is no personal guarantee requirement.

The only catch is, not all industries qualify, and some industries require more paperwork than others.
Wondering how they are able to verify creditworthiness if a business has bad credit? They look at the business’s cash balance, spending patterns, and investors.

Not only can you get this card with bad credit, but they even offer rewards. For example you can get 7x points on rideshare and 4x on travel. Likewise, get triple points on restaurants and double points on recurring software costs. Get 1x points on everything else.

Capital One Spark Classic for Business

If you have fair credit, you may be able to get the Capital One® Spark® Classic for Business. It also has no annual fee, but there is no introductory APR deal. The regular APR is a variable 26.99%. In addition, you can earn unlimited 1% cash back on every purchase for your company, with no minimum to redeem.

While this card is available if you have fair credit scores, beware of the APR. If you can’t pay on time and in full, skip it.

Credit Line Hybrid Financing: Get up to $150,000 in financing so your business can thrive.

You Need More

So, business credit cards for poor credit do exist. They just aren’t enough. It would be highly unlikely that you would be able to reach your business goals using solely the funding offered through one or two cards.

They are still a good option, because they offer some funding and can help you build your credit. But, you need more. Here are some other funding options that you can use as alternatives to business credit cards for poor credit, or in addition to them.

Credit Line Hybrid

A credit line hybrid is unsecured business financing. It allows you to fund your business without putting up collateral, and you only pay back what you use.

It is not as hard to qualify as you may think. You do need good personal credit. That is, your personal credit score should be at least 680. In addition, you can’t have any liens, judgments, bankruptcies or late payments. Furthermore, in the past 6 months you should have less than 4 credit inquiries, and you should have less than a 45% balance on all business and personal credit cards. It’s also preferred that you have established business credit as well as personal credit.

How does this relate to getting business funding with bad credit? Here’s the secret. If you do not meet all of the requirements, you can take on a credit partner that meets each of these requirements. Many business owners work with a friend or relative to fund their business. If a relative or a friend meets all of these requirements, they can partner with you to allow you to tap into their credit to access funding.

The best part of this type of funding is that it reports to your business credit report, regardless of whether you use your personal credit to apply or that of a credit partner. That means, you get your funding and build your business credit at the same time.

If this still isn’t enough funding, there may be even more options for accessing funding funds with bad credit, depending on your specific business.

Account Receivable Financing

To get this type of funding, you have to have open receivables from another business or government agency, not individuals. In addition, you need to have been in business for at least one year. The minimum credit score is just 500.

You can get up to 80% of receivables advanced in as little as 24 hours.

Merchant Cash Advance

If you accept credit cards as payment, you may qualify for a merchant cash advance. You only need a credit score of at least 500. To qualify, your business must bring in $100,000 or more per year in credit card sales. Typical approval amounts equal one months’ credit processing volume. In addition to the application, you’ll need 3-6 months bank and merchant statements.

Equipment Financing

If you need equipment, it might be better to consider equipment financing. You will put up your existing equipment or the new equipment you want to purchase as collateral. Amounts are available up to $10 million with terms ranging up to 60 months. You will need a credit score of at least 550.

Why would you choose this over a 0 interest business credit card if you could pay it off during the 0 interest period? Well, the short answer is, you wouldn’t. That is, unless you cannot get a high enough credit limit to cover the cost of the equipment. However, if you need longer than a year to pay it out, you may very well end up with a better rate going this route.

Real Estate Financing

Likewise, you probably will not be financing real estate with business credit cards, even if it is 0 interest. You can get real estate financing in amounts up to $10 million with terms from 6 to 60 months and interest rates as low as 6%. You will need a 500 minimum credit score, and there are a few other requirements.

Credit Line Hybrid Financing: Get up to $150,000 in financing so your business can thrive.

Business Revenue Lending

Another option is business revenue lending. Again, the minimum credit score is 500. Your business must earn annual revenue of $120,000 or more, and it must do more than 5 small transactions each month. If your business brings in at least $15,000 monthly, then 6 months in business is acceptable. You will have to fill out an application and provide 6 months worth of bank statements.

An Expert Can Help

Of course you could seek out each of these options and apply yourself. However, you are going to have an issue in that it takes time to research lenders, find the ones that offer funding that you qualify to get, and avoid scammers. Not to mention, it doesn’t really do any good if you can’t find lenders that help you build credit for your business as well.

Also, getting approval for business credit cards is a little different than getting approval for personal credit cards. You need to have your business set up properly, and it has to be fundable. An expert can help walk you through this.

Working with a business credit expert offers a number of benefits. Not only will a reputable expert already work with reputable lenders, but they will know more quickly which ones will work best specifically for your business. This will save you time and money in the long run. They will be able to guide you to the options that will be most effective for your needs, help you build credit, and offer the best rates and terms.

If you do all of this yourself, not only do you risk making poor decisions due to simple lack of knowledge, but you could waste valuable time in which your business will still need funding.

Business Credit Cards for Poor Credit are Out There, But They Aren’t Your Only Option

Many business owners operate under the assumption that if they do not have good credit, their only funding option is credit cards. Bad credit takes most loans off the table, and without that, many only know about credit cards.

While business credit cards for poor credit can be a tool to help fund your business, they are far from your only option, even if you have bad credit. There are alternatives that you can use in place of or in conjunction with credit cards to meet your business goals. A business credit expert can help you find the options that will work most effectively and efficiently for your business needs.

The post Alternatives to Business Credit Cards for Poor Credit appeared first on Credit Suite.

6 Alternatives to Amazon For E-commerce

With a net worth of $1.7 trillion, Amazon has dominated the e-commerce sector for years, leaving many of its competitors in the shade. But are there alternatives to Amazon?

With an audience as vast as Amazon, small business start-ups and solo entrepreneurs flock to the site to sell the products, get established, and build their enterprises. Despite the audience Amazon offers, you may want to look for other online venues to list your items.

There are many good reasons to broaden your e-commerce horizons.

First, it makes little sense to put all your eggs in one basket. Second, selling on a wider range of marketplaces gets your products in front of a larger audience. And finally, looking at the other choices available could save you money on fees, or get you closer to your target buyers.

Below are some viable alternatives to Amazon. We’ll look at their advantages, their fee structures, and what makes them different.

Why You Should Use an Alternative to Amazon for Your E-commerce Business

We already touched on one of the main reasons to seek other venues: the perils of depending on one sales platform.

It’s not unheard of for sellers to have their accounts blocked. If you haven’t already established yourself on one of the alternatives to Amazon, your business could tank.

However, by setting up multiple accounts with different marketplaces, you’ve got greater flexibility if things go wrong. Plus, you can use other online platforms to test out which ones are the best for your products.

And there are other benefits in finding additional marketplaces, like:

Greater Flexibility

All e-commerce sales platforms have some measure of control over your business. They determine:

What products you can list
The terms and conditions of doing business
Your payment options
Shipping fees

These terms might not be suitable for your business. So, If you’re looking for greater flexibility, then seeking alternatives to Amazon is a good idea.

Better Customer and Vendor Support

Perhaps you feel the vendor or customer support is lacking. Amazon provides useful resources for sellers, like its university. But some sellers feel seller support is sometimes thin, especially when things go wrong.

More Shipping Options and Lower Fees With Some Amazon Alternatives

Amazon has changed its fee structure over the years, bringing frustration to some.

Amazon sets its professional selling plan at $39.99, with individual plans available free. And referral fees differ, depending on which category you’re selling in.

Shipping is a further reason to consider seeking alternatives as individual sellers on Amazon lack flexibility over their shipping costs.

If you’re looking to cut fees or branch out, then signing with some alternatives to Amazon may allow you to further scale your business while reducing costs.

Amazon Alternative Payment Choices

If you’re a seller on Amazon, you’ll know it makes payment via ACH or electronic funds transfer. Amazon distributes these payments to your bank account every two weeks, and they can take up to five days to clear.

But that doesn’t always work for everyone. If you’re a small business and cash is tight, signing up to e-commerce platforms with a broader range of payment options can improve your cash flow.

What to Look for in an Amazon Alternative

Before you search for alternatives to Amazon, you need to decide what you want from your business. You’ll need to consider the products you’re selling and your target customer, too.

For example, if you’re selling printable products, Etsy could be an excellent choice. Or, if you’re looking for consumers who understand tech, you may find Newegg works well for you.

Other areas you’ll want to think about include:

Ease of Use

Marketplaces that allow you to add items efficiently mean you can list more products in less time. But you’ll want to view any alternatives to Amazon from your customer’s perspective too.

How important is the ease of use? Well, if you note some recent research from Digital Commerce 360 and Bitrate, you’ll see this is a significant factor in the buying decision.

When researching new platforms, perhaps test them out for yourself and consider areas like:

Navigation
Ease of checkout
Payment options
Shipping choices

User Types

Think about your ideal consumer and the type of users the platform attracts. For example, eBay is huge, with 182 million active buyers. It’s great for snapping up limited-time deals, brand name products, and pre-loved items.

However, it’s not always the first place shoppers think of when looking for handmade goods or unique items. They’re more likely to head somewhere like Etsy.

Fees

Fees can take a considerable chunk of your profits if you’re not careful. Depending on the fee structure, some sites may not be suitable if you’re selling smaller, lower value items.

If you need some help in this area, fee calculators are helpful. Here’s a list of the well-known ones.

Best Alternatives to Amazon for E-commerce

What are some of the best Amazon alternatives when you’re looking to sell your products online? Let’s look at some of the top options, in no particular order.

Bonanza

Established in 2007, Bonanza has built itself a loyal following, with a vast range of categories. Sign up is free, and fees are straight forward. Final offer value fees are 3.5 percent for sales under $500. Sales over $500 attract an additional 1.5 percent fee.

Although it’s much smaller than Amazon, Bonanza has some advantages over its larger rival. They include a greater emphasis on building customer relationships and developing a sustainable business through repeat customers.

Equally appealing to sellers is the marketing tools Bonanza provides. These give you access to valuable data about product performance, allowing you to spot trends, optimize listings, and better market your items.

Other features include:

Automatic syncing with eBay, Amazon, and Shopify
Customized marketing tools
Image editing tools
Google integration
High level of customer support.

But what makes Bonanza stand out is its focus on unique items. It’s not trying to be another Amazon. As Bonanza puts it, it’s a site where you’ll find “everything but the ordinary”.

eBay

One of the most prominent alternatives to Amazon is eBay. Like Amazon, eBay has made considerable changes since its launch back in 1995. Over the years, eBay’s focus has moved away from the collectibles market it used to cater to, and it’s now more product-based.

Many famous brands like Rolex, Hasbro, and Microsoft make their goods available via ebay.com brand outlet site, enabling consumers to bag a bargain. But that doesn’t mean there isn’t still a place for more unusual or collectible items.

On eBay, listing fees and final value fees vary, but it sets many of its final value fees at 10 percent or less. If you need to calculate fees before listing, use an eBay fee calculator.

Some advantages of selling on eBay are:

A more comprehensive range of categories
More payment options for shoppers, like a credit/debit card, PayPal, and local collection. Sellers can also accept Apple Pay, Google Pay, and gift cards through managed payments.
Improved branding through eBay stores and marketing materials

What makes eBay stand out, though, is its auctions. Auctions may not be ideal for every business. However, sellers who specialize in collectible or rare items may find the bidding pushes their final sales price up higher than they could’ve imagined.

Etsy

If your business primarily sells printable products or art and craft items, then Etsy might be for you. Of the many alternatives to Amazon, Etsy has perhaps one of the most affordable and straightforward pricing approaches.

Each listing costs just 20 cents, and the listing is good for four months. Then there’s a five percent transaction fee for goods that sell. Payment processing fees are variable and depend on location. If you want to grow your business further, Etsy Plus is available at $10 a month.

Re-listing is simple, too. Just select the auto-renew option, and there shouldn’t be anything else to do on your part.

Advantages of selling on Etsy are:

Greater customization over how your store looks
Ideal for beginners
Lower fees
Sellers can list collectibles and vintage items on Etsy

That’s the advantages, but there are a couple of possible disadvantages worth mentioning. First, Etsy is much smaller than Amazon, which means there’s intense competition, so your products need to stand out.

Second, although fees are cheaper, you may make more sales on Amazon Handmade because of its larger audience share.

Walmart Marketplace

Amazon dominates e-commerce, but Walmart is gaining ground. Recent sales figures show Walmart’s e-commerce sales have soared by 74 percent. This stat means if you’re looking for alternatives to Amazon, Walmart could be promising.

Like Amazon, Walmart now offers a fulfillment service. Although storage and fulfillment fees apply, Walmart’s fee structure is less complicated than Fulfillment by Amazon, and referral fees are competitive.

alternatives to amazon walmart interest form

In addition, with Walmart’s marketplace, there’s no start-up or ongoing monthly fees. However, you’ll want to factor in other costs, like unique product codes (UPCs).

Advantages of selling on the Walmart marketplace include:

Lower costs
Less competition due to buyer/seller ratio
Price control over inventory

What makes the platform different? Unlike Amazon, Walmart’s marketplace is only open to invited brands. You can’t just register and start selling. But you can sign up.

To register your interest in selling, Walmart asks businesses to fill out the interest form.

Newegg

Newegg has gained a reputation as the top global tech marketplace online. But it also sells apparel, home and lifestyle products, sports/health-related items, TVs, and plenty more.

As for fees, non-elite membership is free. Elite membership has two tiers ranging from $29.95-$99.95 a month. Commissions vary, with the highest being 12 percent.

Advantages of selling on Newegg include:

Can be cheaper for tech products
Attracts tech buyers who are knowledgeable about products
The Newegg search engine makes finding electronics and components quicker
Customized marketing for businesses
Various payment choices for sellers including weekly ACH payments, PayPal, Wire Transfer, PingPong, Payoneer, and World First
A wide range of payments for buyers, including PayPal and BitPay

But it’s the multi-channel fulfillment option that may interest sellers the most. If you’re selling from various platforms, Newegg provides a central point to manage all your orders.

Shopify

When you sell on a third-party platform, you have limited control. Many online sellers favor setting up their stores the Shopify platform.

The site offers new sellers a 14-day free trial to get them started. After that, a basic Shopify store will cost you $29 a month. Online credit card rates are 2.9 percent + 30 cents. And you should find it easy enough to start selling.

Once you’ve signed up for the free trial, the next steps are to:

Add products
Selecting images
Set shipping details
Customize pages for search engines using keywords
Create main pages
Customize store

The benefits of Shopify include:

Highly-rated customer support and selling features
Greater customization
Large range of e-commerce tools and apps
Access to the e-commerce university
You can accept a large range of currencies

Conclusion

There are a variety of reasons you might be looking for alternatives to Amazon. Maybe you want a platform that provides a wider range of payment options, a site that’s more niche, or you just want a more extensive selection of online marketplaces to sell your wares.

As you can see, there are many venues available, and they all have their advantages. Sites like Bonanza have established a loyal audience, and Walmart’s e-commerce presence is growing strong.

Niche sites such as Etsy and Newegg are ideal for specialist items, and eBay offers greater customization and various selling methods, including auctions.

If you want to go it alone, there’s always Shopify, where you can set up and market your own e-commerce business.

Are you an online seller? Tell us about your favorite platform and your experiences below.

The post 6 Alternatives to Amazon For E-commerce appeared first on Neil Patel.

Alternatives to Traditional Start Up Business Loans

Start up business loans are the age-old solution for funding a new business. Since the beginning of capitalism, entrepreneurs have used a combination of investors and business loans to fund a startup. But what happens when the traditional routes don’t work? What happens when you can’t get a start up business loan, for whatever reason?

What are The Best Alternatives to Standard Start Up Business Loans?

Today, entrepreneurs have more options for start up funding than ever before. In addition to traditional investors, you have SBA loan programs. Dig deeper and you’ll find angel investors, crowdfunding, online lenders with alternative eligibility criteria, and hybrid options that most don’t even know about. Let’s dive into what’s out there so you can have a better idea of which options will work best for you.

Start Up Business Loans: SBA Loans

SBA loans are the most like standard start up business loans. In fact, they are exactly the same, except that they come with a government guarantee. That means lenders can relax their standards a little when making approvals.

That’s not to say they are easy to get. Due to the government guarantee, there is a ton of red tape involved. However, once you cut through it, it is easier to qualify for SBA loans than regular start up loans. Here are a couple of SBA loan programs that work well as start up business loans.

7(a) Loans

This is the Small Business Administration’s most popular program. It offers federally funded term loans that go up to $5 million. The money can fund expansion, purchasing equipment, working capital and even start ups. Lenders partner with the SBA to process these loans and disburse the cash.

The minimum credit score to qualify is 680, and there is also a required down payment of at least 10% for the purchase of a business, commercial real estate, or equipment. You have to be in business for at least 2 years. However, business experience equivalent to two years will meet this requirement if you are a start up.

504 Loans

You can get up to $5 million from the 504 program as well. You can use the money to buy machinery, facilities, or land. Generally, they are for expansion. Private sector lenders or nonprofits process and disburse the funds. They work especially well for commercial real estate purchases.

Terms for 504 Loans range from 10 to 20 years, and funding can take from 30 to 90 days. They require a minimum credit score of 680. The asset that is being financed has to be used as collateral. There is also a down payment requirement of 10%, which can increase to 15% for a new business.

Like 7(a) loans, to qualify you must be in business at least 2 years, or management must have equivalent experience if the business is a startup.

Credit Line Hybrid Financing: Get up to $150,000 in financing so your business can thrive.

Microloans

The microloan program offers funds up to $50,000. You can use the money to start a business, purchase equipment, buy inventory, or for working capital. Unlike most other SBA loan programs, this financing comes directly through the SBA.

SBA Express Loans

You can get up to $350,000 through the express loan program. To qualify, your credit score must be above 680, and you must have a debt to service ratio of 1.1 or higher. If the loan is greater than $25,000, collateral may be necessary depending on the lender.

These loans have a much faster turnaround. In fact, the SBA takes 36 hours or less to give a decision. Necessary paperwork for application is less also. Consequently, express loans are a great option for working capital, among other things, if you qualify.

Start Up Business Loans: Private Lenders

What do you do if you do not qualify for an SBA loan? You can try a private lender. The lenders operate largely online. They draw is that they rely on things other than credit score to determine whether a borrower qualifies for a loan. Most still do a credit check, but they do not require as high of a score as traditional loans and SBA loans.

Yet, you do have to be careful. There are a lot of scammers when it comes to online lenders. Do your research so you know exactly what you are getting into. Here are a few to get you started.

BlueVine

You will find with most any online lender, they often offer options more similar to invoice factoring and lines of credit. This is because these present fewer risks than straight term loans. You can find out more in our Bluevine review.

Upstart

Upstart is an online lender that uses a completely innovative platform for loans. The company itself questions the ability of financial information and FICO on their own to truly determine the risk of lending to a specific borrower. They choose to use a combination of artificial intelligence (AI) and machine learning to gather alternative data instead. They then use this data to help them make credit decisions.

This alternative data can include such things as mobile phone bills, rent, deposits, withdrawals, and even other information less directly tied to finances. The software they use learns and improves on its own. You can use their online quote tool to play with different amounts and terms to see the various interest rate possibilities.

To be eligible for a loan with Upstart, you must meet the following qualifications:

Credit score of 620+
No bankruptcies or negative public records
No delinquent accounts
Meet debt to income standards (they only note they will check this ratio, not what their standards are.)
Have fewer than 6 inquiries in the past 6 months on your credit report, not including those related to student loans, vehicle loans, or mortgages

These are the requirements they list on their website. One independent review said that the requirement for the debt to income ratio is a maximum of 45%. It also says that the minimum annual income has to be at least $12,000. For more information visit our Upstart review.

Fora Financial

Founded in 2008 by college roommates, online lender Fora Financial now funds more than $1.3 million in working capital around the United States. There is no minimum credit score, and there is an early repayment discount if you qualify.

The minimum loan amount is $5,000 and the maximum is $500,000. The business must be at least 6 months in operation and the monthly revenue has to be $12,000 or more. There can be no open bankruptcies.

OnDeck

Obtaining financing from OnDeck is quick and easy. First, you apply online and receive your decision once application processing is complete. If you receive approval, your loan funds will go directly to your bank account. The minimum loan amount is $5,000 and the maximum is $500,000.

Just like any other online lender, they do have certain requirements to qualify for a loan. For example, a personal credit score of 600 or more. Also, you must be in business for at least 3 years. Annual revenue must be at or exceed $100,000. In addition, there can be no bankruptcy on file in the past 2 years and no unresolved liens or judgements.

It’s important to remember that, as with all lenders, the details of interest, minimum and maximums, and eligibility requirements can change without notice. Be sure to check all information with the specific lender for the most current information.

Credit Line Hybrid Financing: Get up to $150,000 in financing so your business can thrive.

Start Up Business Loans: Credit Line Hybrid

This is an option that most entrepreneurs do not know about. It allows you to fund your business without putting up collateral, and you only pay back what you use.

To qualify on your own, your personal credit score should be at least 685. In addition, you can’t have any liens, judgments, bankruptcies or late payments. Furthermore, in the past 6 months you should have less than 5 credit inquiries, and you should have less than a 45% balance on all business and personal credit cards. It’s also preferred that you have established business credit as well as personal credit.

However, if you do not meet all of the requirements, you can take on a credit partner that does. Many business owners work with a friend or relative to fund their business. If a relative or a friend meets all of these requirements, they can partner with you to allow you to tap into their credit to access funding.

What are the Benefits of a Credit Line Hybrid?

There are many benefits to using a credit line hybrid. First, it is unsecured, meaning you do not have to have any collateral to put up. Next, the funding is “no-doc.” This means you do not have to provide any bank statements or financials.

Even better, typical approval is up to 5x that of the highest credit limit on the personal credit report. Additionally, you can often get interest rates as low as 0% for the first few months. This will allow you to put that savings back into your business.

The process is pretty quick, especially with a qualified expert to walk you through it. Also, with the approval for multiple credit cards, competition is created. This makes it easier, and likely even if you handle the credit responsibly, that you can get interest rates lowered and limits raised every few months.

Start Up Business Loans: Debt Free Alternatives

It is rare to run a business completely debt free. However, you can definitely raise some funds that you do not have to repay. Any little bit helps.

Crowdfunding

Crowdfunding is a way to get lots of micro investors at one time. You advertise your business on a crowdfunding platform, and pretty much anyone who wants can give you money. Rewards based crowdfunding allows donations as low as $5, and backers receive some non-equity gift for their generosity.

There is also a such thing as equity crowdfunding which works virtually the same way, but investors actually receive equity in the company for their outlay. Usually these amounts have to be at least $500.

Grants

Grants are another debt free option to help supplement start up business loans. There are not a ton of them out there, and the competition is fierce, but it’s worth the hassle for free money. If you are a business owner that is a minority, a woman, a veteran, or if you run a business in a low -income area, there are more grant options available.

Start Building Business Credit

The best time to start building business credit is in the startup phase. It takes time, but with expert help to guide you through the process, it can go much more smoothly. This will allow you to access funding for your business, as it grows, on the merits of the business itself rather than your own credit.

Why is the start up phase the best time to begin the business credit building process? Because the entire process hinges on how your business is set up. It’s much easier to set it up to build credit for itself in the beginning than to try and back track after the fact.

Credit Line Hybrid Financing: Get up to $150,000 in financing so your business can thrive.

Start Up Business Loans: What’s Best for Your Business?

Usually, some combination of a number of different funding options is necessary if you do not qualify for traditional start up business loans. Sometimes, this is necessary even if you do qualify for traditional financing. The options you choose will depend on what you have available to you.

If you can get SBA loans, that’s great. If you want to get short term lower interest rates with no security, a credit line hybrid can be an amazing solution. Of course, private lenders are there to help you out if you need them, but keep in mind they use higher interest rates to help reduce risk since they do not put as much weight on credit scores.

In the end, you have to weigh what you are eligible to get against what makes the most business sense. It helps to have an expert walk you through it. For more about expert help and alternatives to traditional start up business loans, check out these options.

The post Alternatives to Traditional Start Up Business Loans appeared first on Credit Suite.

Alternatives To High Risk Mortgage Refinancing

Many financiers locate themselves in a cash money problem at once or an additional. Jobs, restorations, modifications in home mortgage terms as well as rates of interest, local charges and also tax obligations, it can all accumulate.

This leaves capitalists clambering to stabilize their profiles. The majority of re-finance with an eye on home mortgage items with reduced regular monthly settlements. The present item of option is the rate of interest just home mortgage.

This home mortgage allows homeowner pay the passion component of a financing monthly, while making funding repayments at a later day.

Various other aspects require to be taken right into account, such as shutting costs, funding prices, and also rate of interest prices. What might feel like a short-term remedy can become a long-term problem.

If the passion just home mortgage will certainly be acquired for greater than 2 years, the capitalist will certainly pay two times the rate of interest for 2 years, which can include thousands of bucks to at the home mortgage. This kind of home mortgage turning additionally makes it tough to approximate just how rapidly the home mortgages will certainly be repaid.

The price of changing home mortgages in between passion just as well as dealt with price home loans can be high. If the capitalist takes out a $200 000 home mortgage as well as makes repayments for 10 years, the capitalist still owes $200 000.

This suggests that the financier is paying a high rate for the opportunity of having reduced regular monthly costs for a year or 2.

Something that triggers financiers problem is that the rate of interest just home mortgage requires the capitalist to shed their earnings for a year, or extra, till the home loan is re-financed. This alone need to make financiers be reluctant prior to authorizing a rate of interest just home loan contract for their financial investment residential or commercial properties.

The second problem with the passion just home loan is that it does not complimentary any kind of equity from the house to develop earnings for the profile, when the home is offered. Both of these are essential elements of any kind of effective building financial investment technique.

There are choices. As heart-breaking as it might appear, marketing a non-performing residential or commercial property will certainly eliminate the cash money problem, and also shield future revenues. Place several of the earnings in a savings account where it can be made use of to take advantage of equity, protecting against the capitalist from being compelled to think about a harmful home mortgage item.

The financier still earnings, on a yearly basis, also without turning the residential property. The financier is not bound to return any of the cash to the tenant– plus the financier still possesses the building.

As soon as every 5 years, the ordinary individual actions. Incorporate this with the reality that tenants that think they are buying the house will certainly take much better treatment of the residential or commercial property, as well as the financier has actually developed a great deal that raises their revenue stream while safeguarding their financial investments.

Smart spending needs greater than comprehending market fads. Occasionally a financier can prevent a calamity by taking a great consider options to the standard techniques of investing, setting up funding, and also turning buildings.

The present item of selection is the passion just home loan.

The price of changing home loans in between rate of interest just as well as dealt with price home mortgages can be high. If the financier takes out a $200 000 home mortgage as well as makes repayments for 10 years, the capitalist still owes $200 000. The second problem with the passion just home loan is that it does not totally free any type of equity from the house to develop earnings for the profile, when the home is marketed. Place some of the revenue in a financial institution account where it can be made use of to utilize equity, avoiding the capitalist from being required to take into consideration a harmful home mortgage item.

The post Alternatives To High Risk Mortgage Refinancing appeared first on ROI Credit Builders.

Alternatives To High Risk Mortgage Refinancing

Alternatives To High Risk Mortgage Refinancing Many financiers locate themselves in a cash money problem at once or an additional. Jobs, restorations, modifications in home mortgage terms as well as rates of interest, local charges and also tax obligations, it can all accumulate. This leaves capitalists clambering to stabilize their profiles. The majority of re-finance … Continue reading Alternatives To High Risk Mortgage Refinancing

The Most Effective Loan Alternatives

The Most Effective Loan Alternatives When thinking of obtaining cash, lots of people take a look at fundings as one of the most reasonable choice. It is real that fundings are frequently a great choice for obtaining cash, they are additionally stringent, and also if you are a person that desires to pay back your …

The Most Effective Loan Alternatives

When thinking of obtaining cash, lots of people take a look at fundings as one of the most reasonable choice. It is real that fundings are frequently a great choice for obtaining cash, they are additionally stringent, and also if you are a person that desires to pay back your funding early after that there can be hefty charges. There are some options to lendings if you desire to obtain cash:

Overdraft accounts

One of the most affordable methods of obtaining cash is with the usage of an over-limit, specifically if you desire to obtain cash on a temporary basis. Over-limits are still not a good idea as a lengthy term ways of obtaining cash, as well as the quantity of credit history you can obtain is usually rather reduced.

Charge card

Credit rating cards are one of the most typical options to financings, as well as can supply you with a great resource of additional cash when required. The significant trouble with credit report cards is that the rate of interest is normally greater than a lending, and also there is a threat of obtaining as well numerous cards.

Home mortgages

Home mortgages are possibly the ideal means to obtain huge amounts of cash over a lengthy duration of time. You can include credit scores to your home loan by obtaining versus the equity in your residence as well as including that quantity to your settlements.

Work with acquisition

Employ acquisition is valuable if you are obtaining cash to acquire an auto or high worth electric items. Vehicle suppliers usually provide this approach of obtaining cash throughout the sale.
This is an excellent approach for getting an auto as the rate of interest is usually less than a regular finance, and also it is facilitated by the truth that the credit history is offered by the vendor. It is called ’employ’ acquisition since up until you complete all of the settlements, you do not have the thing, and also if you miss out on repayment the thing can be repossessed.

Which is ideal?

Choosing if among these finance options is ideal for you can be complicated, however to aid you choose you need to exercise what it is you intend to obtain cash for, how much time you intend to be repaying the cash, and also your general monetary scenario. You will certainly discover the ideal technique of credit history for your requirements if you look at all the alternatives.

When assuming regarding obtaining cash, a lot of individuals look at car loans as the most reasonable alternative. It is real that car loans are usually a great choice for obtaining cash, they are likewise stringent, as well as if you are somebody that desires to pay back your financing early after that there can be hefty fines. There are some options to lendings if you desire to obtain cash:

One of the most inexpensive means of obtaining cash is with the usage of an overdraft account, particularly if you desire to obtain cash on a temporary basis. Credit report cards are one of the most typical choices to financings, and also can give you with a great resource of additional cash when required.

The post The Most Effective Loan Alternatives appeared first on ROI Credit Builders.

The Most Effective Loan Alternatives

Overdraft accounts

Charge card

Home mortgages

Work with acquisition

Which is ideal?

The post The Most Effective Loan Alternatives appeared first on ROI Credit Builders.