Organisation Broker Guide- How To Choose A Reliable Business Broker

Company Broker Guide- How To Choose A Reliable Business Broker

Organisation brokers or company transfer representatives are practical in offering your service at greater costs. A company broker supplies customers as well as vendors for various companies.
Company brokers locate customers for you to make a reliable company sale. Company broker can be an individual as well as a company that allows you to offer numerous services that consists of Internet organisations as well as site.
Service brokers give exact worth of the service. They promote your company for sale and also manage all first conversations with the purchasers as well as additionally aid the vendors to market their company at great rates.
Service brokers are really much positive with their job. Customers can additionally obtain advantages of organisation brokers by informing their demands.
While considering organisation brokers, extremely initial inquiry that can be found in mind, exactly how to select an appropriate company broker?
There are not particular certifications of organisation brokers yet the individual or company, that you’re going to employ for your service purchases, must be trusted, educated, skilled, pleasant as well as scheduled with you. You need to call 2 or even more company brokers for meeting as well as after that pick the finest amongst them.
Company brokers ought to recognize just how to preserve excellent buyer-seller partnership. The individual that can commit time for your company is the ideal organisation broker.
International Business Brokers Association is the prominent organization of service brokers.

Service brokers or company transfer representatives are handy in marketing your organisation at greater rates. A service broker supplies customers as well as vendors for various organisations. Organisation brokers discover customers for you to make a reliable company sale. Service broker can be an individual as well as a company that allows you to offer numerous services that consists of Internet companies as well as site.
There are not details credentials of organisation brokers yet the individual or company, that you’re going to work with for your company deals, must be reputable, well-informed, knowledgeable, pleasant and also scheduled with you.

The post Organisation Broker Guide- How To Choose A Reliable Business Broker appeared first on ROI Credit Builders.

Take Charge With New Business Credit Cards With EIN

Yes, You Can Get New Business Credit Cards With EIN

Can a startup get new business credit cards with EIN only? No doubt!

We checked out a number new business credit cards with EIN and did the research for you. So, here are our top picks.

Per the SBA, business credit card limits are a whopping 10 – 100 times that of personal credit cards!

This demonstrates you can get a lot more cash with business credit. And it also shows you can have personal credit cards at retailers. So, you would now have an extra card at the same stores for your company.

And you will not need collateral, cash flow, or financial data to get business credit.

New Business Credit Cards With EIN: Benefits

Perks can vary. So, make sure to select the benefit you like from this variety of alternatives.

Secure New Business Credit Cards with EIN for Average Credit

Capital One® Spark® Classic for Business

For fair credit, we like the Capital One Spark Classic for Business. It has no yearly fee. There are cash-back rewards. The card earns an unlimited 1% cash back on all purchases. There is an annual fee of $0.

With this card, you will get benefits including an auto rental collision damage waiver, and purchase security. And you also get extended warranty coverage. And you get travel and emergency assistance services.

But KEEP IN MIND: the ongoing APR is 24.74% variable APR. And the penalty APR is even higher, 31.15%. Also, there is no sign-up bonus.

Get it here: https://www.capitalone.com/small-business/credit-cards/spark-classic/

Establish business credit fast with our research-backed guide to 12 business credit cards and lines.

Ironclad Secured New Business Credit Cards with EIN

Wells Fargo Business Secured Credit Card

Check out the Wells Fargo Business Secured Credit Card. It charges a $25 annual fee per card (up to 10 employee cards). It also requires a minimum security deposit of $500 (up to $25,000). And it is designed to help cardholders develop or rebuild their credit.

Pick this card if you want to earn 1.5% per dollar in purchases with no limits. Or get one point for every dollar in purchases. You also get 1,000 bonus points for every month your company makes $1,000 in purchases on the card.

Details

Also, you get free FICO scores every month. There are no foreign transaction fees. It is possible to upgrade to unsecured credit. Your account is regularly reviewed. And you may become eligible for an upgrade to an unsecured card with responsible use over time. Approval is not guaranteed and depends on factors including how you manage this and your other accounts.

APR is the current prime rate plus 11.90%. There is no introductory APR period and no sign-up bonus. This is not a card for balance transfers.

Get it here: https://www.wellsfargo.com/biz/business-credit/credit-cards/secured-card/

Small Business Credit Cards with 0% APR – Pay Zero!

Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card

The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card has no yearly fee and comes with a 0% introductory APR on purchases for the initial nine months. Afterwards, the card has a 13.24 – 23.24% variable APR

Earn 3 points/dollar spent when you book travel with the Bank of America Travel Center and 1.5 points/dollar on all other purchases. You can earn unlimited points and points never expire.

Details

There is a 25,000-point sign-up bonus when you spend $1,000 in the first 60 days of opening the account. Cardholders get travel accident insurance, and lost luggage reimbursement.

They also get trip cancellation coverage, trip delay reimbursement and other benefits.

There is no introductory rate for balance transfers. Also, bonus categories are limited.

Get it here: https://www.bankofamerica.com/smallbusiness/credit-cards/products/travel-rewards-business-credit-card/

JetBlue Plus Card

Check out the JetBlue Plus Card for another offer of a 0% introductory APR

Get six points/dollar on JetBlue purchases, two points/dollar at restaurants and grocery stores. And get one point/dollar on all other purchases.

Details

Spend $1,000 in the first 90 days and pay the yearly fee, and get 40,000 bonus points. New cardholders get a 12 month, 0% introductory APR on balance transfers made within 45 days of account opening.

Thereafter, the variable APR on purchases and balance transfers is 17.99%, 21.99% or 26.99%, based upon creditworthiness. Benefits include a free first checked bag and 50% savings on in-flight purchases.

There is a $99 yearly fee for this card.

Get it here: https://cards.barclaycardus.com/cards/jetblue-card/

Reliable Low APR/Balance Transfers New Business Credit Cards with EIN

Discover it® Cash Back

Check out the Discover it® Cash Back card. There is a 10.99% introductory APR for six months from date of first transfer. So, this is for transfers under this offer which post to your account by January 10, 2019.

After the introductory APR expires, your APR will be 14.99% to 23.99%. So, this is based on your creditworthiness. Your APR will vary with the market, which is based on the Prime Rate.

Details

You can get 5% cash back at different places each quarter. So, these are places like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs. But this is up to the quarterly maximum each time you activate. In addition, automatically get unlimited 1% cash back on all other purchases.

You will get an unlimited dollar-for-dollar match of all the cash back you have earned at the end of your first year, automatically.

Get it here: https://www.discover.com/credit-cards/cash-back/it-card.html

Exceptional New Business Credit Cards with EIN and No Annual Fee

Uber Visa Card

Check out the Uber Visa Card. Uber is the very first ride-sharing service to offer a credit card, in a partnership with Visa and Barclays.

The card provides 4% back per dollar spent at restaurants, takeout and bars, including UberEATS. Also, earn 3% back on hotel, airfare and vacation home rentals. And earn 2% back on online purchases.

So, this includes retailers and subscription services such as Uber and Netflix. And get 1% back on all other purchases. Each percent/point has a value of 1 cent. Redeem points for cash back, gift cards or Uber credits directly within the app.

By spending a minimum of $500 in the initial 90 days, users can earn a $100 sign-up bonus. Cardholders spending at least $5,000 per year are eligible to receive a $50 credit toward online subscription services.

Details

If you pay your cellphone bill with this card, you are insured up to $600 for cellphone damage or theft.

Cardholders are eligible for exclusive access to certain events and offers. Uber expects the majority of these offers will be available in major cities like New York, San Francisco, Los Angeles, Chicago and DC. There is no foreign transaction fee.

But there is no introductory rate. The APR is a variable 16.99%, 22.74% or 25.74%, based on your creditworthiness. Cardholders with less than stellar credit will be on the higher end of the range.

Also, there are restrictions on Uber credits. To redeem points as credits within the Uber app, accumulate a minimum of 500 points, or $5. Cardholders can convert a maximum of 50,000 points, or $500, per day.

Get it here: https://www.uber.com/c/uber-credit-card/

Costco Anywhere Visa® Business Card by Citi

Not taking Uber? Then you’ll need to fill your gas tank somehow. Why not do so with the Costco Anywhere Visa® Business Card by Citi?

This card earns cash back with every purchase. Get 4% cash back on the first $7,000 spent on eligible gas purchases annually (1% after that). Earn 3% cash back at restaurants and on eligible travel purchases. Also, get 2% cash back at Costco and Costco.com. And earn 1% cash back on all other purchases.

Note: the $0 annual fee is only for Costco members. And an active Costco membership is required. Cardholders will get access to damage and theft purchase protection, extended warranty coverage and travel accident insurance.

Also, there is no sign-up bonus available with this card.

Get it here: https://www.citi.com/credit-cards/credit-card-details/citi.action?ID=Citi-costco-anywhere-visa-business-credit-card

Ink Business Cash℠ Credit Card

Consider the Ink Business Cash ℠ Credit Card. Small businesses can get cash back with each purchase. Spend $3,000 in the first three months from account opening. And you’ll earn a $500 bonus cash back.

There is a $0 yearly fee with a 0% introductory APR for 12 months on purchases and balance transfers. Thereafter, the APR is a 15.24 – 21.24% variable.

The credit card features travel and purchase coverage benefits. So, this includes an auto rental collision damage waiver and extended warranty protection.

Details

Earn additional cash back on business categories. So, these include office supply stores, telecommunications, gas stations and restaurants.

Note: this credit card has a balance transfer fee. Pay 5% of the amount transferred or $5, whichever is greater. Also, there is a foreign transaction fee of 3%.

Get it here: https://creditcards.chase.com/small-business-credit-cards/ink-cash

United MileagePlus Explorer Business Card

Get a good look at the United MileagePlus Explorer Business Card.

Earn 2 miles/dollar with United and at restaurants, gas stations and office supply stores. All other purchases earn 1 mile/dollar. Earn a 50,000-mile sign-up bonus after spending $3,000 in the first three months from account opening.

Benefits include priority boarding, a free first checked bag for you and a companion on the same reservation.

Details

Also, get two United Club passes annually. And get hotel and resort perks including upgrades. On top of that, get early check-in and late checkout. And get an auto rental collision damage waiver.

Plus, get baggage delay insurance, lost luggage reimbursement, trip cancellation and interruption insurance. Finally, get trip delay reimbursement, purchase protection, price protection and concierge service.

After the first year, the card has an annual fee of $95. APR of 17.99% – 24.99%, based on creditworthiness.

Get it here: https://creditcards.chase.com/small-business-credit-cards/united-mileageplus-explorer-business

Starwood Preferred Guest® Business Credit Card from American Express

Another alternative is the Starwood Preferred Guest Business Credit Card from American Express.

This credit card is for those who stay at Starwood Preferred Guest and Marriott hotels often. Earn six points per dollar of eligible purchases at participating SPG and Marriott Rewards hotels.

And earn four points per dollar at American restaurants, American filling stations, and on American purchases for shipping.

Also, earn four points to the dollar on wireless telephone services purchased directly from US service providers. For all other eligible purchases, earn two points per dollar.

Details

Get 75,000 bonus points when you spend $3,000 in the initial three months of account opening. Benefits include free in-room premium internet access, Sheraton Club lounge access, and purchase protection.

Plus, you get car rental loss and damage insurance. And you get baggage insurance. There is also a global assistance hotline. And there is a roadside assistance hotline. And get travel accident insurance and extended warranty coverage.

The most significant issue is the yearly fee. There is a $0 introductory annual fee for the first year, then it’s $95 thereafter. Plus, there is no 0% introductory APR. Instead, there is a 17.74 – 26.74% variable APR

Get it here: https://www.americanexpress.com/us/credit-cards/business/business-credit-cards/spg-amex-starwood-credit-card

Credit Builder New Business Credit Cards with EIN – Make Your Credit Surge!

Discover it® Student Cash Back

Be sure to look at the Discover it® Student Cash Back card. It has no annual fee. The credit card also has a six-month introductory period of 0% APR on purchases. And there is an APR of 14.99 – 23.99% variable on all purchases after that period.

One distinct feature is that it offers an incentive for scholars to maintain good grades with a $20 statement credit. If students earn a GPA of 3.0 or higher each school year, the card will award the $20 statement credit annually for up to five years.

Details

Use this credit card to build personal credit. While this is a personal card versus a company card, for new credit users, their FICO scores will be important. And this card offers an excellent way to raise FICO while also getting rewards.

You can earn 5% cash back at different places each quarter like grocery stores, gas stations, restaurants or Amazon.com up to the quarterly maximum. After that, this card offers unlimited 1% cash back on all purchases.

In the first year, all cash back rewards are matched 100%.

Downsides include a cash advance fee of either $10 or 5% of the amount of each cash advance, whichever is more. And even though they waive the first late payment fee, a fee of up to $37 applies on all other late payments. There is also a returned payment fee of up to $37.

Get it here: https://www.discover.com/credit-cards/cash-back/it-card.html

Terrific Cards for Cash Back

SimplyCash Plus Business Credit Card from American Express

Check out the SimplyCash Plus Business Credit Card from American Express. There is a $0 yearly fee. And there is a 0% APR on purchases. So this is for the initial 15 months an account is open.

But when the introductory period runs out, the APR for purchases is 14.24 to 21.24%. So, this is variable and based on creditworthiness.

Details

This credit card has numerous benefits. These include purchase protection, car rental loss and damage insurance. And they also include a baggage insurance plan, extended warranty coverage and a global assist hotline.

Also, earn 5% cash back at US office supply stores and on wireless phone services. So, these must be purchased from United States service providers. But this pertains to the initial $50,000 of yearly spending. Then, you get 1% cash back.

You also get 3% cash back on spending category of your choice. So, this is from eight distinct categories. They include airfare, gas, advertising and computer purchases. But it applies to the first $50,000 of yearly spending. Then, you earn 1% cash back.

Cash-back bonuses are automatically credited to the customer’s billing statement.

Note: you cannot use this credit card for balance transfers. There is a foreign transaction fee of 2.7%. The card charges up to $38 in late fees. And the returned check fee is also $38. The penalty APR is 29.99%.

And, it kicks in if you have two or more late payments within 12 months. It can also apply if you fail to make the minimum payment on time or have a returned payment.

Get it here: https://www.americanexpress.com/us/small-business/credit-cards/simply-cash-plus-business-credit-card/44279

Capital One® Quicksilver® Card

Check out the Capital One® Quicksilver® Card. It offers flat-rate rewards of 1.5% on all purchases. There are no limits to the amount of cash back rewards which cardholders can earn. Also, the card has a $0 yearly fee.

New cardholders have a 0% APR on purchases and balance transfers for the first 15 months after opening the account. And then they have a 14.74 – 24.74% (variable) APR after that.

A cash bonus of $150 is on offer. So it’s for those who make at least $500 in purchases within 3 months of account opening.

Details

Also, cash back rewards do not expire for the life of the account. And there is no limit to how much you can earn.

This card also offers travel accident insurance. And you get an auto rental collision damage waiver. There are no foreign transaction fees. And there is extended warranty coverage.

Downsides are the flat reward rate, not allowing for any more than that. And the higher APR after the first 15 months.

Get it here: https://www.capitalone.com/credit-cards/quicksilver/

Establish business credit fast with our research-backed guide to 12 business credit cards and lines.

Unbeatable New Business Credit Cards with EIN for Jackpot Rewards

Chase Sapphire Preferred® Card

So have a look at the Chase Sapphire Preferred® Card for travel points.

You can get two points per dollar spent on travel and dining at restaurants. And you can get one point per dollar on all other purchases. Points can be redeemed for cash back, gift cards, or travel.

The card’s benefits include trip cancellation insurance, travel and emergency assistance services. They also include an auto rental collision damage waiver, purchase protection and extended warranty protection.

When you spend $4,000 in the initial 3 months from account opening, you will earn 50,000 bonus points. These points are worth $625 if you redeem them for travel through Chase Ultimate Rewards.

Details

You can earn an unlimited two points per dollar for travel and dining at restaurants. Then afterwards earn one point per dollar for all other purchases. Points will transfer equally to 13 leading frequent travel programs with partners. So, these include British Airways, Southwest Airlines, United, and Marriott.

There is no 0% introductory APR on purchases or balance transfers. The card’s standard APR is 17.74 – 24.74% variable. Also, the card has an annual fee of $0 introductory for the first year. And then it skyrockets to $95.

Get it here: https://creditcards.chase.com/rewards-credit-cards/chase-sapphire-preferred

Ink Business Preferred ℠ Credit Card

Get a look at the Ink Business Preferred Credit Card from Chase. Cardholders earn 3 points for every dollar spent on travel, shipping, internet, cable, phone and qualifying advertising with the card. So, this is up to $150,000 each year. And all other purchases earn an unlimited one point per dollar spent.

This is a Visa card.

Cardholders get benefits like purchase protection, trip cancellation or interruption insurance. They also get cellphone protection. And they get extended warranty coverage. And they get an auto rental collision damage waiver.

Details

Earn 80,000 bonus points when you spend $5,000 in the initial 3 months from account opening. There is an annual fee of $95. You can add employee cards at no additional cost.

This card only offers 3 points per dollar to a limit of $150,000 a year. So, this is for travel, shipping, internet, cable, phone and qualifying advertising. All other purchases earn an unlimited flat rate of one point per dollar. And there is no introductory APR

Get it here: https://creditcards.chase.com/small-business-credit-cards/ink-business-preferred

Hilton Honors American Express Ascend Card

Have a look at the Hilton Honors American Express Ascend Card, which earns hotel rewards points. Get up to 12 points per dollar of eligible purchases at participating Hilton hotels or resorts.

Automatically get Hilton Honors Gold status. And this includes room upgrades when available. Plus a 5th night free when you book a rewards stay of 5 nights or more.

And get free internet access and late checkout. It also includes a 25% bonus on base points earned with Hilton Honors.

This card has a variable purchase APR of 17.74 – 26.74%. There is an annual fee of $95.

Details

Cardholders can earn a 125,000-point welcome offer after making $2,000 in eligible purchases in 3 months from account opening. Earn a free weekend night award after making $15,000 in eligible purchases on your card in a calendar year.

Benefits include purchase protection. And there is extended warranty coverage. They also include car rental loss and damage insurance and travel accident insurance.

If you spend $40,000 on eligible purchases with the card in a calendar year, you can earn Hilton Honors Diamond status. So that is through the end of the next calendar year. This status includes all the benefits of Gold status.

It also includes a 50% bonus on base points earned with Hilton Honors. And exclusive floor lounge access at select properties. But that is terribly high spending required for elite status. Only you can decide if that’s worth it.

Get it here: https://www.americanexpress.com/us/credit-cards/card/hilton-honors-ascend/

Small Business Credit Cards for Luxurious Travel Points

Capital One® Spark® Miles for Business

Be sure to check out the Capital One® Spark® Miles for Business card. With this card, you can earn 2 miles per dollar on all purchases. When you spend $4,500 within the first 3 months of opening an account, you can earn 50,000 miles. So, that is worth $500 in travel.

Benefits for cardholders include an auto rental collision damage waiver, and purchase security. And they also include extended warranty coverage. And you get travel and emergency assistance services.

Cardholders will pay $0 introductory for the first year. But they will pay $95 after that for the annual fee.

There is no 0% APR for purchases or balance transfers with this card. The APR is 18.74% (variable).

Get it here: https://www.capitalone.com/small-business/credit-cards/spark-miles/

The Business Platinum® Card from American Express OPEN

Check out the Business Platinum® Card from American Express OPEN if you’re comfortable with an exorbitant annual fee. This card earns 5 points per dollar on flights and prepaid hotels booked on the American Express Travel website.

It also earns 2 points per dollar on travel purchases booked on the American Express Travel website.

Furthermore, it earns 1.5 points per dollar on purchases of $5,000 or more. So, this is with up to one million additional points per calendar year. All other eligible purchases get one point per dollar.

Details

With this card’s welcome offer, you can earn 50,000 bonus points when you spend $10,000. And earn another 25,000 points when you spend an additional $10,000 in that same period.

Cardholder benefits include global lounge access and a $200 airline fee credit. And you get a fee credit for Global Entry or TSA Precheck.

Benefits also include complimentary Wi-Fi hotspot internet access, privileges including early check-in and daily breakfast at participating hotels and resorts. Plus, the card offers travel accident insurance and roadside assistance.

This card does not offer bonus point earnings in other categories such as gas, office supplies or advertising. Furthermore, all these benefits do not come cheap. Note: the card has an annual fee of $450!

Get it here: https://www.americanexpress.com/us/credit-cards/business/business-credit-cards/american-express-business-platinum-credit-card-amex

Establish business credit fast with our research-backed guide to 12 business credit cards and lines.

Chase Sapphire Reserve®

For travel points, check out the Chase Sapphire Reserve® card. You can get 3 points/dollar on travel and dining at restaurants and 1 point/dollar on other purchases.

Spend $4,000 in the first 3 months, and you will get 50,000 bonus points. This card offers a $300 annual travel credit. And you get airport lounge access, perks at luxury hotels and resorts including upgrades.

It also offers a fee credit for Global Entry or TSA Precheck, early check-in and late checkout. And it offers trip cancellation and interruption insurance, an auto rental collision damage waiver.

Details

Plus, lost luggage reimbursement, trip delay reimbursement, and purchase protection. Finally, it also has return protection and extended warranty protection.

This credit card also offers cardholders a 25% higher points value when redeemed for travel through Chase Ultimate Rewards. With this card, points are worth 50% more when redeemed for travel through Chase Ultimate Rewards.

The most significant issues are the yearly fee of $450 and $75 for each authorized user. Another point to consider should be that the card has a 17.99 – 24.99% variable APR.

So, consider this one carefully and make sure to read the small print.

Get it here: https://www.chase.com/card-benefits/sapphirereserve/travel

IHG ® Rewards Club Premier Credit Card

Check out the IHG ® Rewards Club Premier Credit Card. it gets hotel rewards worldwide. For each dollar spent at participating IHG hotels, earn 10 points. Earn two points per dollar spent at gas stations, grocery stores and restaurants.

Plus all, other purchases earn one point. New cardholders can get an 80,000-point sign-up bonus when they spend $2,000 in the first three months of account opening.

Details

This card provides a free one-night hotel stay annually. Plus, there is a wide array of benefits. These include travel and purchase coverage and an upgrade to Platinum Elite status with the IHG Rewards Club. The club offers complimentary room upgrades when available and guaranteed room availability.

The most significant issue is that the card does not offer a zero percent APR introductory rate. And the standard APR is 17.99 – 24.99% variable. Also, the annual fee is $89.

Get it here: https://creditcards.chase.com/a1/ihg/premiernaep

Marriott Rewards® Premier Plus Credit Card

This card earns six points/dollar spent at participating Marriott and SPG hotels. And get two points/dollar on all other purchases.

Spend $3,000 in the initial three months from account opening. Then earn two free night awards (each has a value of up to 35,000 points).

Cardholders get access to perks including a free one-night stay each year after account anniversary. Also get travel and purchase protection. So, this includes free standard in-room Wi-Fi and priority late checkout.

Details

Perks include baggage delay reimbursement, and lost luggage reimbursement. There is also trip delay reimbursement. And there is purchase protection. In addition, there are concierge service and automatic Silver Elite status, which includes a 20% bonus on points.

Spend $35,000 each account year, and get an upgrade to Gold Elite status. So, that includes a complimentary room upgrade, free daily breakfast and 4 PM late checkout.

There is an annual fee of $95. So the APR is a 17.99– 24.99% variable.

Get it here: https://creditcards.chase.com/marriott/apply

The Best New Business Credit Cards with EIN for You

Your absolute best new business credit cards with EIN will hinge on your credit history and scores.

Only you can pick which features you want and need. So, be sure to do your homework. What is excellent for you could be catastrophic for someone else.

And, as always, be sure to establish credit in the recommended order for the best, quickest benefits.

The post Take Charge With New Business Credit Cards With EIN appeared first on Credit Suite.

Organisation Broker Guide- How To Choose A Reliable Business Broker

Company Broker Guide- How To Choose A Reliable Business Broker Organisation brokers or company transfer representatives are practical in offering your service at greater costs. A company broker supplies customers as well as vendors for various companies.Company brokers locate customers for you to make a reliable company sale. Company broker can be an individual as … Continue reading Organisation Broker Guide- How To Choose A Reliable Business Broker

This Thanksgiving Day, Turn Things Around by Learning How to Build Good Business Credit

Many business owners don’t realize that there is even a question of how to build good business credit? They think that business credit works similar to personal credit. Since business personal credit builds passively by simply with handling credit wisely, they think business credit does the same. That isn’t the case however. The answer to “How to build good business credit?”can be summed up in one word, intentionally. You must make it a point to build business credit. You have to make it happen.

How to Build Good Business Credit: Fill Your Cornucopia with Business Accounts

In traditional Thanksgiving Day pictures, you see the ever overflowing horn of plenty known as the cornucopia. There are breads, fruits, vegetables and nuts pouring out of the horn shaped basket. If you are a business owner, you need two cornucopias. One is for your business credit, and one is for your personal credit. While you want them both overflowing with healthy accounts, what happens with many is that the business credit one is empty or non-existent. They think it is there and full, while in reality all the accounts they think are hitting their business credit report are actually hitting their personal report.

Why Do you Need Two Cornucopias? Does Business Credit Even Matter?

If you’re wondering why it is important to know how to build good business credit, here is your answer. The business credit cornucopia can hold more. Let me explain. If you try to run a business with only what is in your personal credit cornucopia, you will not have enough. You will need more than what it can hold.

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit.

Here is what that looks like in real life. Your personal credit cards are going to have lower limits than what business credit cards have. Business expenses are, by nature, a lot higher than personal expenses. Therefore, if you try to put business and personal expenses on the same credit cards, you are going to overrun your limits.

Even if you make your payments on time, or even pay off your balances each month, you are likely going to keep hovering near your limits. Not only does this reduce the funding you have available, but it can also have a negative impact on your personal credit score. Here’s how. The closer your balances are to your limit, the higher your debt-to-credit ratio is. A high debt-to-credit ratio has a negative impact on your credit score.

So, this means you need to ask how to build good business credit for two reasons. First, you may not have enough credit availability to run your business successfully without it. Second, if you do not build business credit, you could end up ruining your personal credit. Consequently, not only would your business success be in question, but you could lose the ability to do things like buy a house or a car.

Where Does that Second Cornucopia Come From?

Here is what most business owners do not understand. You have to intentionally go out and get that separate business cornucopia. If you don’t, then any business accounts you open will just go straight to your personal credit cornucopia and wreak the havoc mentioned above. So, how do you do that? How do you establish business credit in the first place so that business accounts report to that, and not to your personal credit? The key is to make your business appear to lenders as a fundable entity, separate from yourself as the owner.

How to Build Good Business Credit: Establishing Fundability

The first thing you need to know is, it is easiest to do this as you are establishing your business. If you are a new business owner just getting started, then set your business up this way on the front end so that you can begin building business credit now. If, however, you are already up and running, it isn’t too late. You may have to do some backtracking, but it will be so worth it. Either way, this is what has to be done. This is the first part of the answer to the question of how to build business credit.

Separate Name and Contact Information

This is an essential first step to weaving a separate business credit cornucopia. Of course, most businesses do not have the exact same name as their owners. The key is, you have to list the business in the business directories under that business name. In addition, it needs to be listed with its own address and phone number.

A question often asked about this is, how do you get a separate business phone number and address if you run your business out of your home or online. Actually, there are several options now for a business telephone number that do not even require you to have a second phone. You can just have your business number forwarded to your personal line.

As for an address, there are a number of virtual office companies that offer a physical mailing address to businesses for just this purpose. Typically, they also offer a number of other useful services such as meeting spaces and live receptionist services.

Get and EIN

When you apply for credit, they always ask for you Social Security Number, or SSN. If you are applying for credit in your business name, you shouldn’t use your SSN. If you do, that account will automatically relate to your personal credit. The way around this is to get your business an EIN. They are free on the IRS website. You may still need to use your SSN for identification purposes when applying for credit under new fraud regulations, but that needs to be the only reason you use it.

You Must Incorporate

This isn’t an option. While it is much easier and cheaper to operate as a sole proprietorship or partnership, you cannot get the separation needed if you do not formally incorporate. Whether you choose an S-corp, LLC, or corporations will depend on your other needs and budget. Any of them will work for establishing fundability. Still, you must choose one.

Get a Business Bank Account

When building fundability, you need to have a separate business bank account. This serves a number of purposes. First, separate from building fundability, this helps you keep your business and personal expenses separate. That will be a tremendous help come tax time.

Secondly, some business credit cards want to see a business bank account with a minimum average balance before they will approve credit. Lastly, it helps lend credibility to the fact that your business is a fundable entity on its own, apart from the owner.

Professional Website and Dedicated Email

In today’s business world, if you do not have an online presence you do not exist. Having a poorly executed online presence is just as bad. You need a professionally built, working website. Pay for design and hosting. The free services are not going to be good enough to help you out here. In addition, you need a dedicated business email address with the same URL as your website. Free email platforms such as Yahoo and Gmail do not look professional.

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit.

Get a D-U-N-S Number

There are several business credit reporting agencies, or CRAs. The 3 most commonly used are Dun & Bradstreet, Experian, and Equifax. Of those three, Dun & Bradstreet is definitely the largest and most commonly used. Before you can have a credit profile with them, you must have a D-U-N-S number. This is how they identify your business.

If you do not have a D-U-N-S number, you will not have a credit profile with Dun & Bradstreet, so you definitely need the number. That’s all you need though. They will try to upsell you on other services, but stay strong and resist. You just need the number, and it’s free.

How to Build Good Business Credit: Fill the Cornucopia

Once you have your separate business credit cornucopia, it’s time to fill it with lots of yummy accounts to build your business credit big and strong. That, again, takes intentionality. You cannot just go out and start applying for credit in your business name. It won’t happen. Just as those that celebrated the first Thanksgiving Day had to actively work to provide the food for the feast, so you will have to actively build business credit. To do this, you have to work through the business credit tiers.

Starting at the bottom tier, you build enough accounts and business credit to move up to the next tier, until you reach the top. Here is a little more about each tier and what it takes to move on to the next.

How to Build Good Business Credit Using The Vendor Credit Tier

This is the first tier on your journey to fill your business credit report with accounts. It consists of starter vendors. These are vendors that will offer your business net terms on invoices without first checking your credit. Then, when you pay, they will report those payments to the CRAs. This is the second part of the answer to how to build good business credit. In this way, you can begin to build credit without having credit.

They will look at other information however. Some like to see a certain amount of time in business. Some will want you to place an initial order, or more than one, before they will extend net terms. Others will want to see a business bank account with a minimum balance. Another thing they sometimes look at is a listing in the business directories. Starter vendors may require any combinations of these things. Find out more about some of the most common starter vendors here.

How to Build Good Business Credit With The Retail Credit Tier

After you have 8 or 10 accounts from the vendor credit tier reporting positive payment information to the CRAs, you can apply for credit in the retail credit tier. These are those cards that you can only use at the specific retail store that issues them. For example, Office Depot cards that you can only use at office depot are in this tier..

How to Build Good Business Credit: Continuing to The Fleet Credit Tier

After you have enough accounts reporting from the retail credit tier, you can apply for cards in the fleet credit tier. These are cards that you can only use for fuel costs and automobile repair and maintenance. Fuelman and Shell are examples of companies that issue cards in this tier.

How to Build Good Business Credit: Finishing with The Cash Credit Tier

This is the top credit tier. It’s the goal. Once you have enough accounts reporting from the fleet credit tier you can apply for cards in this tier. It consists of the standard Mastercard, Visa, Discover, and American Express cards that are not limited to a specific store or type of expense.

How to Build Good Business Credit: Don’t Let Things Start Falling Out

Even though the overflowing cornucopia makes for a pretty Thanksgiving Day picture, you don’t really want the same effect with your business credit. If you do not handle the credit you have properly, you’ll start losing control. Be sure to pay accounts on-time. Remember, don’t buy things you cannot afford just to build business credit. You will end up with the opposite of what you want. Also, be sure you keep an eye on things. You wouldn’t want a bug eating up all that good food in your horn of plenty right?

Monitor your business credit regularly to ensure there are no mistakes and that everything is up to date. We can help you with that here.

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit.

How to Build Good Business Credit: May Your Cornucopia Be Full

I think it’s clear at this point. It takes more than just paying your bills on time to build business credit. Unlike your personal credit score, your business credit score does not appear passively. You have to work to intentionally build it. It isn’t a hard process, but it is a process. You have to trust the process and act responsibly. Now that you know how to build good business credit, it’s time to get started.

The post This Thanksgiving Day, Turn Things Around by Learning How to Build Good Business Credit appeared first on Credit Suite.

This Thanksgiving Day, Turn Things Around by Learning How to Build Good Business Credit

Many business owners don’t realize that there is even a question of how to build good business credit? They think that business credit works similar to personal credit. Since business personal credit builds passively by simply with handling credit wisely, they think business credit does the same. That isn’t the case however. The answer to … Continue reading This Thanksgiving Day, Turn Things Around by Learning How to Build Good Business Credit

Get Amazing Business Credit Cards With Rewards

Business Credit Cards With Rewards? They Can Be Yours! Get business credit cards with rewards now. We checked out a ton of business credit cards with rewards and did the research for you. So, here are our picks. Per the SBA, company credit card limits are a whopping 10 – 100 times that of consumer … Continue reading Get Amazing Business Credit Cards With Rewards

Get Amazing Business Credit Cards With Rewards

Business Credit Cards With Rewards? They Can Be Yours!

Get business credit cards with rewards now.

We checked out a ton of business credit cards with rewards and did the research for you. So, here are our picks.

Per the SBA, company credit card limits are a whopping 10 – 100 times that of consumer cards!

This shows you can get a lot more money with small business credit. And it also means you can have personal credit cards at retailers. So, you would now have an extra card at the same retailers for your business.

And you will not need collateral, cash flow, or financial data to get small business credit.

Business Credit Cards With Rewards: Benefits

Perks can differ. So, make sure to pick the perk you like from this variety of options.

Unbeatable Business Credit Cards With Rewards

Ink Business Preferred ℠ Credit Card

So check this out when you’re looking at business credit cards with rewards. Get a look at the Ink Business Preferred Credit Card from Chase. Cardholders earn 3 points for every dollar spent on travel, shipping, internet, cable, phone and qualifying advertising with the card. So, this is up to $150,000 each year. And all other purchases earn an unlimited one point per dollar spent.

This is a Visa credit card.

Details

Get 80,000 bonus points when you spend $5,000 in the initial 3 months from account opening. There is an annual fee of $95. You can add employee credit cards at no additional cost.

This credit card only offers 3 points per dollar to a limit of $150,000 a year. So, this is for travel, shipping, internet, cable, phone and qualifying advertising. All other purchases earn an unlimited flat rate of one point per dollar. And there is no introductory APR

Get it here: https://creditcards.chase.com/small-business-credit-cards/ink-business-preferred

Terrific Business Credit Cards For Cash Back

SimplyCash Plus Business Credit Card from American Express

Take a look at the SimplyCash Plus Business Credit Card from American Express. There is a $0 yearly fee. And there is a 0% APR on purchases So this is for the initial 15 months an account is open.

But when the introductory period runs out, the APR for purchases is 14.24 to 21.24%. So, this is variable and based on creditworthiness.

Details

This card has several benefits. These include purchase protection, car rental loss and damage insurance. And they also include a baggage insurance plan, extended warranty coverage and a global assist hotline.

Also, get 5% cash back at US office supply stores and on wireless telephone services. So, these must be bought from United States providers. But this pertains to the initial $50,000 of annual spending. Then, you earn 1% cash back.

Cash-back bonuses are automatically credited to the customer’s billing statement.

Note: you cannot use this card for balance transfers. There is a foreign transaction fee of 2.7%. The card charges up to $38 in late fees. And the returned check fee is also $38. The penalty APR is 29.99%.

And, it applies if you have two or more late payments within 12 months. It can also apply if you fail to make the minimum payment on time or have a returned payment.

Get it here: https://www.americanexpress.com/us/small-business/credit-cards/simply-cash-plus-business-credit-card/44279

Capital One® Quicksilver® Card

Make sure to check out the Capital One® Quicksilver® Card. It offers flat-rate rewards of 1.5% on all purchases. There are no limits to the amount of cash back rewards that cardholders can earn. Also, the card has a $0 annual fee.

New cardholders have a 0% APR on purchases and balance transfers for the first 15 months after opening the account. Then afterwards they have a 14.74 – 24.74% (variable) APR after that.

A cash bonus of $150 is on offer for those who make a minimum of $500 in purchases in 3 months of account opening.

Details

Also, cash back rewards do not expire for the life of the account. And there is no limit to how much you can earn.

This credit card also offers travel accident insurance. And you get an auto rental collision damage waiver. There are no foreign transaction fees. And there is extended warranty coverage.

Downsides are the flat reward rate, not allowing for any more than that. And the higher APR after the first 15 months.

Get it here: https://www.capitalone.com/credit-cards/quicksilver/

Establish business credit fast with our research-backed guide to 12 business credit cards and lines.

Small Business Credit Cards with 0% APR – Pay Absolutely Nothing! A Terrific Alternative to Business Credit Cards With Rewards

Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card

Earn 3 points/dollar spent when you book travel through the Bank of America Travel Center and 1.5 points/dollar on all other purchases. You can get unlimited points and points never expire.

Details

There is a 25,000-point sign-up bonus when you spend $1,000 in the first 60 days of opening up the account. Cardholders get travel accident insurance, and lost luggage reimbursement.

They additionally get trip cancellation coverage, trip delay reimbursement and other perks.

There is no introductory rate for balance transfers. Also, bonus categories are limited.

Get it here: https://www.bankofamerica.com/smallbusiness/credit-cards/products/travel-rewards-business-credit-card/

JetBlue Plus Card

Consider the JetBlue Plus Card for yet another offer of a 0% introductory APR

Get six points/dollar on JetBlue purchases, two points/dollar at restaurants and grocery stores. And get one point/dollar on all other purchases.

Details

Spend $1,000 in the initial 90 days and pay the annual fee, and earn 40,000 bonus points. New cardholders receive a 12 month, 0% initial APR on balance transfers made in 45 days of account opening.

Afterwards, the variable APR on purchases and balance transfers is 17.99%, 21.99% or 26.99%, based upon creditworthiness. Benefits include a free first checked bag and 50% savings on in-flight purchases.

There is a $99 annual fee for this card.

Get it here: https://cards.barclaycardus.com/cards/jetblue-card/

Remarkable Business Credit Cards with No Annual Fee – a Great Complement to Business Credit Cards With Rewards

Uber Visa Card

Check out the Uber Visa Card. Uber is the very first ride-sharing service to offer a credit card, in a partnership with Visa and Barclays.

The card offers 4% back per dollar spent at restaurants, takeout and bars, including UberEATS. Also, earn 3% back on hotel, airfare and vacation home rentals. And earn 2% back on online purchases.

So, this includes retailers and subscription services like Uber and Netflix. And earn 1% back on all other purchases. Each percent/point has a value of 1 cent. Redeem points for cash back, gift cards or Uber credits directly in the app.

By spending a minimum of $500 in the first 90 days, users can earn a $100 sign-up bonus. Cardholders spending at least $5,000 yearly are eligible to receive a $50 credit toward online subscription services.

Details

If you pay your cell phone bill with this card, you are insured up to $600 for cellphone damage or theft.

Cardholders are eligible for exclusive access to certain events and offers. Uber anticipates the majority of these offers will be available in major cities like New York, San Francisco, Los Angeles, Chicago and DC. There is no foreign transaction fee.

But there is no introductory rate. The APR is a variable 16.99%, 22.74% or 25.74%, based on your creditworthiness. Cardholders with less than stellar credit will be on the higher end of the range.

Also, there are restrictions on Uber credits. To redeem points as credits within the Uber app, accumulate at least 500 points, or $5. Cardholders can convert a maximum of 50,000 points, or $500, per day.

Get it here: https://www.uber.com/c/uber-credit-card/

Costco Anywhere Visa® Business Card by Citi

Not taking Uber? Then you’ll want to fill your gas tank in some way. Why not do so with the Costco Anywhere Visa® Business Card by Citi?

This card earns cash back with every purchase. Get 4% cash back on the first $7,000 spent on eligible gas purchases annually (1% after that). Get 3% cash back at restaurants and on eligible travel purchases. Also, get 2% cash back at Costco and Costco.com. And earn 1% cash back on all other purchases.

Also, there is no sign-up bonus available with this card.

Get it here: https://www.citi.com/credit-cards/credit-card-details/citi.action?ID=Citi-costco-anywhere-visa-business-credit-card

Ink Business Cash℠ Credit Card

Check out the Ink Business Cash ℠ Credit Card. Small businesses can earn cash back with every purchase. Spend $3,000 in the first three months from account opening. And you’ll get a $500 bonus cash back.

There is a $0 yearly fee with a 0% introductory APR for 12 months on purchases and balance transfers. After that, the APR is a 15.24 – 21.24% variable.

The credit card features travel and purchase coverage benefits. So, this includes an auto rental collision damage waiver and extended warranty protection.

Details

Earn extra cash back on business categories. So, these include office supply stores, telecommunications, gas stations and restaurants.

Note: this card has a balance transfer fee. Pay 5% of the amount transferred or $5, whichever is more. Also, there is a foreign transaction fee of 3%.

Get it here: https://creditcards.chase.com/small-business-credit-cards/ink-cash

United MileagePlus Explorer Business Card

Get a good look at the United MileagePlus Explorer Business Card.

Get 2 miles/dollar with United and at restaurants, filling stations and office supply stores. All other purchases earn 1 mile/dollar. Earn a 50,000-mile sign-up bonus after spending $3,000 in the initial three months from account opening.

Benefits include priority boarding, a free first checked bag for you and a companion on the same reservation.

Details

Also, get two United Club passes annually. And get hotel and resort perks including upgrades. On top of that, get early check-in and late checkout. And get an auto rental collision damage waiver.

Also, get baggage delay insurance, lost luggage reimbursement, trip cancellation and interruption insurance. Finally, get trip delay reimbursement, purchase protection, price protection and concierge service.

After the first year, the card has an annual fee of $95. APR of 17.99% – 24.99%, based on creditworthiness.

Get it here: https://creditcards.chase.com/small-business-credit-cards/united-mileageplus-explorer-business

Starwood Preferred Guest® Business Credit Card from American Express

Another option is the Starwood Preferred Guest Business Credit Card from American Express.

This card is for those who stay at Starwood Preferred Guest and Marriott hotels often. Get six points per dollar of eligible purchases at participating SPG and Marriott Rewards hotels.

And get four points per dollar at US restaurants, American filling stations, and on American purchases for shipping.

Also, get four points to the dollar on wireless telephone services purchased directly from US service providers. For all other eligible purchases, get two points per dollar.

Details

Earn 75,000 bonus points when you spend $3,000 in the first three months of account opening. Benefits include free in-room premium internet access, Sheraton Club lounge access, and purchase protection.

The biggest issue is the annual fee. There is a $0 introductory annual fee for the first year, then it’s $95 after that. Plus, there is no 0% introductory APR. Instead, there is a 17.74 – 26.74% variable APR

Get it here: https://www.americanexpress.com/us/credit-cards/business/business-credit-cards/spg-amex-starwood-credit-card

Reliable Low APR/Balance Transfers Business Credit Cards

Discover it® Cash Back

Look at the Discover it® Cash Back card. There is a 10.99% introductory APR for six months from date of first transfer. So, this is for transfers under this offer which post to your account by January 10, 2019.

After the introductory APR expires, your APR will be 14.99% to 23.99%. So, this is based on your creditworthiness. Your APR will vary with the market, which is based upon the Prime Rate.

Details

You can earn 5% cash back at different places each quarter. So, these are establishments like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs. But this is up to the quarterly maximum each time you activate. Also, automatically earn unlimited 1% cash back on all other purchases.

You will get an unlimited dollar-for-dollar match of all the cash back you have gotten at the end of your first year, automatically.

Get it here: https://www.discover.com/credit-cards/cash-back/it-card.html

Credit Builder Company Credit Cards – Make Your Credit Surge!

Discover it® Student Cash Back

Make sure to look at the Discover it® Student Cash Back card. It has no yearly fee. The credit card also has a six-month introductory period of 0% APR on purchases. And there is an APR of 14.99 – 23.99% variable on all purchases after that period.

One one-of-a-kind feature is that it provides an incentive for scholars to maintain good grades with a $20 statement credit. If scholars earn a GPA of 3.0 or better each school year, the card will award the $20 statement credit every year for up to five years.

Details

Use this credit card to build personal credit. While this is a personal card versus a company card, for new credit users, their FICO scores will be vital. And this card offers an excellent way to raise FICO while also getting rewards.

In the first year, all cash back rewards are matched 100%.

Downsides include a cash advance fee of either $10 or 5% of the amount of each cash advance, whichever is greater. And although they waive the first late payment fee, a fee of up to $37 applies on all other late payments. There is also a returned payment fee of up to $37.

Get it here: https://www.discover.com/credit-cards/cash-back/it-card.html

Secure Business Credit Cards for Average Credit

Capital One® Spark® Classic for Business

For fair credit, we like the Capital One Spark Classic for Business. It has no annual fee. There are cash-back rewards. The card gets an unlimited 1% cash back on all purchases. There is an annual fee of $0.

But KEEP IN MIND: the ongoing APR is 24.74% variable APR. And the penalty APR is even higher, 31.15%. Also, there is no sign-up bonus.

Get it here: https://www.capitalone.com/small-business/credit-cards/spark-classic/

Establish business credit fast with our research-backed guide to 12 business credit cards and lines.

Small Business Credit Cards for Luxurious Travel Points

Capital One® Spark® Miles for Business

Be sure to check out the Capital One® Spark® Miles for Business card. So, with this card, you can earn 2 miles per dollar on all purchases. When you spend $4,500 within the first 3 months of opening an account, you can earn 50,000 miles. So, that is worth $500 in travel.

Benefits for cardholders include an auto rental collision damage waiver, and purchase security. And they also include extended warranty coverage. And you get travel and emergency assistance services.

Cardholders will pay $0 introductory for first year. But they will pay $95 after that for the annual fee.

There is no 0% APR for purchases or balance transfers with this card. The APR is 18.74% (variable).

Get it here: https://www.capitalone.com/small-business/credit-cards/spark-miles/

Establish business credit fast with our research-backed guide to 12 business credit cards and lines.

IHG ® Rewards Club Premier Credit Card

Consider the IHG ® Rewards Club Premier Credit Card. it earns hotel rewards worldwide. For each dollar spent at participating IHG hotels, get 10 points. Earn two points per dollar spent at gas stations, grocery stores and restaurants.

And all, other purchases earn one point. New cardholders can get an 80,000-point sign-up bonus when they spend $2,000 in the first three months of account opening.

Details

This card provides a free one-night hotel stay annually. Plus, there is a range of benefits like travel and purchase coverage and an upgrade to Platinum Elite status with the IHG Rewards Club. The club offers complimentary room upgrades when available and guaranteed room availability.

The biggest issue is that the card does not offer a zero percent APR introductory rate. And the standard APR is 17.99 – 24.99% variable. Also, the annual fee is $89.

Get it here: https://creditcards.chase.com/a1/ihg/premiernaep

Marriott Rewards® Premier Plus Credit Card

This credit card earns six points/dollar spent at participating Marriott and SPG hotels. And get two points/dollar on all other purchases.

Spend $3,000 in the first three months from account opening and get two free night awards (each worth up to 35,000 points).

Cardholders get access to perks including a free one-night stay yearly after account anniversary. Also get travel and purchase protection. So, this includes free standard in-room Wi-Fi and priority late checkout.

Details

Spend $35,000 each account year, and get an upgrade to Gold Elite status. So, that includes a complimentary room upgrade, free daily breakfast and 4 PM late checkout.

So there is an annual fee of $95. The APR is a 17.99– 24.99% variable.

Get it here: https://creditcards.chase.com/marriott/apply

Ironclad Secured Credit Cards

Wells Fargo Business Secured Credit Card

Look at the Wells Fargo Business Secured Credit Card. It charges a $25 yearly fee per credit card (up to 10 employee cards). It also requires a minimum security deposit of $500 (up to $25,000) and it is meant to help cardholders develop or rebuild their credit.

Pick this card if you wish to get 1.5% per dollar in purchases with no limits or get one point for every dollar in purchases. You also earn 1,000 bonus points for every month your company makes $1,000 in purchases on the card.

Details

Also, you get free FICO scores every month. There are no foreign transaction fees. So it is possible to upgrade to unsecured credit. Your account is regularly reviewed. And you may become eligible for an upgrade to an unsecured card with responsible use over time. Approval is not guaranteed and depends on factors including how you manage this and your other accounts.

APR is the current prime rate plus 11.90%. There is no introductory APR period and no sign-up bonus. This is not a credit card for balance transfers.

So, get it here: https://www.wellsfargo.com/biz/business-credit/credit-cards/secured-card/

The Perfect Business Credit Cards With Rewards for You

Your outright best business credit cards with rewards will hinge on your credit history and scores.

Only you can select which features you want and need. So, make sure to do your homework. What is outstanding for you could be disastrous for other people.

So, as always, be sure to develop credit in the recommended order for the best, quickest benefits.

The post Get Amazing Business Credit Cards With Rewards appeared first on Credit Suite.

Get Schooled: The ABCs of Business Funding

Everything You Need to Know About Business Funding that You Didn’t Learn in Kindergarten

Whether you are a new entrepreneur or a seasoned business owner, there are likely things you do not know about business funding. What are your options? How do you get it? What is the best option for you?

These are not easy questions to answer. There are a lot of variables, and it can take some time to figure things out. Don’t worry though. We’ve got you covered. We are going to take you back to school and cover everything you need to know about business funding.

A is for Application Ready

Not all business funding is a form of debt. The vast majority however, is. Crowdfunding, grants, and independent wealth are pretty much the only exceptions. For this reason, it is vitally important to be certain your business is application ready. That means having a stellar credit score, all documents prepped and ready, and collateral available.

Discover our business credit and finance guide, jam-packed with new ways to finance your business without emptying your wallet.

You can’t do it overnight, but there is never a better time to start than right now. It may take some prep work that you have thought about. For example, did you know that for your business to appear fundable to lenders, it is important to have separate contact information, an EIN, a D-U-N-S number, and even to have a professional, user friendly website?

Not only are these things important for appearing fundable, but they are necessary to start building business credit. Business credit is important. Here’s why. Most of the time personal credit cannot handle the spending necessary to run a business. If you try to run a business solely on the merits of your personal credit, you could end up destroying your personal credit score even if you make every payment on time.

How to Make Your Business Appear Fundable

Get Incorporated

It is important to incorporate. You have a few options. The one you choose will depend on your budget and the level of liability protection you need.

C Corp

This is the most complicated and expensive option. Before you choose it, be sure there are other reasons. The other options work fine for business fundability.

S Corp

This option basically offers the same separation as the C Corp, but taxes are paid at the personal level, rather than requiring the business to be taxed as well. It is also cheaper than incorporating as a C Corp. If you aren’t required to file as a C corp, this is a good alternative.

LLC

Forming a Limited Liability Corporation results in less liability as well. It also offers enough separation to serve the purpose of establishing business fundability. If you are not required to be a C Corp or S Corp, this is the easiest and most cost-effective way to go.

Get an EIN

You need to apply for an EIN. It acts like your SSN, but for your business. It allows you to apply for business funding without using your SSN in some cases.

The process for applying for and EIN is easy. The IRS has an online form, and as soon as all the information is verified you receive your number. It typically happens almost immediately.

You Need a D-U-N-S Number

Dun and Bradstreet (D&B) is the most business credit reporting agency that is most commonly used. They issue each business on file a 9-digit D-U-N-S number. Application is easy and free. This is essential to building business credit, which is necessary to be application ready.

Separate Contact Information

As already mentioned, your business needs its own phone number. This way, when you apply for credit, you can enter contact information that is separate from your own. When information is reported to agencies, sometimes the phone number is an identifying factor. This is just another way for lenders to see your business as a separate, fundable entity. Some non-traditional lenders and credit cards require you to have a business number listed in the directories as part of the approval process.

Along with a separate phone number, your business needs it own physical address and email address.

Discover our business credit and finance guide, jam-packed with new ways to finance your business without emptying your wallet.

If You Aren’t Online, Are You Even a Business?

In today’s business world, you absolutely must have a website. You can’t just throw one together though. A poorly put together website is just as bad as no website, if not worse. Go ahead and spring for someone who knows what they are doing. It needs to be professional. Pay for hosting too. A free hosting service will not cut it. Remember your business email needs to have the same URL as the website, so a free email service such as Yahoo or Gmail is no go as well.

Business Bank Account

Get your business its own bank account. It will help your business appear fundable when applying for business funding, but it will also help keep personal and business expenses separate for tax purposes. In addition, some business credit cards and tradelines like to see a certain balance in a dedicated business bank account.

Establish Credit Lines with Vendors

New businesses just getting started should look for vendors that will extend credit and report to the top credit agencies.

If you have been around for a while and do not have credit with your existing vendors, ask for it. If they comply, ask if they currently report to the credit agencies, or if they will. Not all vendors do because it is not required, and not all are willing. If your current vendors do not want to cooperate in this endeavor, consider switching to vendors that will.

Talk to the Utility Companies

Sometimes utility companies are willing to report payments to credit agencies, which can help you build business credit for applications as well. That’s just one more step to appearing fundable. When the time comes to apply for business funding, you’ll be ready.

B is for the Best Options for Your Business Funding

There are so many options for business funding available it can be completely overwhelming to determine which ones are best for your business. The best one may even change from circumstance to circumstance. Variables such as why you need the funds and your businesses’ ability to qualify for funds all make a difference. Here is a quick rundown of what is out there.

Traditional Loans

These are the loans that you go to the bank to get. As a business, your business credit score can help you get some types of funding even if your personal score isn’t awesome. That isn’t necessarily the case with this type of funding however.

With a traditional lender term loan, you are almost always going to have to give a personal guarantee. This means they will check your personal credit. If your personal credit score isn’t in order, you will likely not get approval.

What kind of personal credit score do you need to have in order to qualify for a traditional term loan? If you have at least a 750 you are in pretty good shape. Sometimes you can get approval with a score of 700+, but the terms will not be as favorable.

If you have really great business credit, your lender might be more inclined to be a little more flexible. However, your personal credit score will still weigh heavily on the terms and interest rate.

Of all of the available business funding options, this is the hardest to get. It is usually worth the trouble though if possible, because it often has the best rates and terms.

Non-Traditional Lenders

These are private lenders. Usually they operate online. The difference between these and traditional lenders is that the loans have looser approval requirement and a much faster application process. Most often you can simply apply online. Most offer approval in as little as 24 hours, and the funds are in your account within 24 to 48 hours after that.

These are an option if your personal credit isn’t terrible and you need funding fast.

Lines of Credit

Lines of credit are basically the traditional lender’s version of a business credit card. It’s revolving credit. That means you only pay back what you use, just like a credit card. Rates are typically much better than a credit card however. The application and approval process is similar to that of a traditional term loan.

If you need revolving credit and can qualify for a term loan, this is the best of the available business funding types for you. It is great for bridging cash gaps and covering short term expenses without high credit card interest rates.

The lack of loyalty points and rewards however, makes some business owners prefer credit cards despite higher interest rates.

Invoice Financing

If you are an established business with accounts receivable, invoice factoring is one of the available business funding types that you have access to. This is where a factoring company advances you funds based on your invoice quality. When you collect, you pay them a factoring fee. You get cash right away without waiting for your customers to pay the invoices.

This is a good option if you need cash fast, or you do not qualify for other business funding options. The interest rate varies based on the age of the receivables.

Crowdfunding

Crowdfunding is a newer option for finding investors. With crowdfunding, you can literally have a crowd of investors fund your business $5 and $10 at the time.

There are many crowdfunding sites, but the most popular are Kickstarter and Indiegogo. They are similar, but there are some important differences. The most obvious is the timing of when you actually receive the funds that others invest in your company.

There are other crowdfunding sites out there as well. Different ones work better for certain businesses than others. Do some research. Keep in mind your type of business and the specific business each one appeals too.

Credit Cards

These get a bad rap, but they can actually be a good option. They are available much more readily, even with a poor credit score. Lower the credit scores get higher interest rates however, and there are limits on how low they will go with a credit score.

This is one funding types that most of the general public are eligible for at any given time. The downside is that they typically have a high interest rate. The upside is that many of them offer rewards in the form of cash or points that can be helpful.

Grants

There are not a lot of grants for businesses out there. Typically, they are offered by professional organizations. There are some government grants available also. Competition can be fierce, but they are definitely worth a shot if you think you may qualify.

Requirements vary from grant to grant. Most are only awarded to a certain number of recipients. They are worth looking into if you fall into one of these basic categories.

Women owned business

Minority owned business

Businesses run by veterans

Businesses in low income areas

There are also some corporations that offer grants in a contest format that do not require much other than that you meet the corporation’s definition of a small business and win the contest.

Discover our business credit and finance guide, jam-packed with new ways to finance your business without emptying your wallet.

C is for Connection

When it comes to business funding, everything it connected. Sometimes things that you never even think about can affect your ability to get funding. For example, if you are applying for funding from the same bank that holds your business account, they are going to have access to that account activity. They will be able to see if your account continually goes into the red. Something like that could throw a red flag. If you habitually bounce checks on your personal account, they may see that too.

Imagine if you were the recipient of a business grant. Now imagine you are asking a lender for funding. It is likely they will be able to find out through social media or some other means that you were the recipient of the grant. They may ask you how you used the funds and what you have to show for it. If you cannot show that you managed grant funds in a profitable way, they are going to be less likely to award you with business funding from their institution.

Even things such as your business’s online reputation can affect your ability to get funding. If a lender happens to check the business social media and takes note of bad reviews, that will not be a good thing.

Consider These ABCs before You Need Business Funding

While you may not be sure what the best funding options are for your business until a specific need arises, you can definitely work on being application ready and recognizing potential connections on a continual basis. Doing so now will likely make getting business funding much less of a hassle when the time comes.

The post Get Schooled: The ABCs of Business Funding appeared first on Credit Suite.

Get Business Credit Cards Cash Back Today!

Business Credit Cards Cash Back? They Can Be Yours!

Get business credit cards cash back now.

The Very Best Credit Cards Cash Back

We checked out a ton of company credit cards and did the research for you. So, here are our picks.

Per the SBA, company credit card limits are a whopping 10 – 100 times that of consumer cards!

And you will not need collateral, cash flow, or financial data to get small business credit.

Business Credit Cards Cash Back: Benefits

Perks can differ. So, make sure to pick the perk you like from this variety of options.

Terrific Business Credit Cards Cash Back

SimplyCash Plus Business Credit Card from American Express

Look at the SimplyCash Plus Business Credit Card from American Express. There is a $0 yearly fee. And there is a 0% APR on purchases So this is for the initial 15 months an account is open.

But when the introductory period runs out, the APR for purchases is 14.24 to 21.24%. So, this is variable and based on creditworthiness. We like this one. It’s a great example of business credit cards cash back.

Details

So this card has several benefits. These include purchase protection, car rental loss and damage insurance. And they also include a baggage insurance plan, extended warranty coverage and a global assist hotline.

Cash-back bonuses are automatically credited to the customer’s billing statement.

And, it applies if you have two or more late payments within 12 months. It can also apply if you fail to make the minimum payment on time or have a returned payment.

Get it here: https://www.americanexpress.com/us/small-business/credit-cards/simply-cash-plus-business-credit-card/44279

Capital One® Quicksilver® Card

Look at the Capital One® Quicksilver® Card. It offers flat-rate rewards of 1.5% on all purchases. There are no limits to the amount of cash back rewards that cardholders can earn. Also, the card has a $0 annual fee.

New cardholders have a 0% APR on purchases and balance transfers for the first 15 months after opening the account. Then afterwards they have a 14.74 – 24.74% (variable) APR after that.

A cash bonus of $150 is on offer for those who make a minimum of $500 in purchases in 3 months of account opening. So this one is another terrific example of business credit cards cash back.

Details

Also, cash back rewards do not expire for the life of the account. And there is no limit to how much you can earn.

This credit card also offers travel accident insurance. And you get an auto rental collision damage waiver. There are no foreign transaction fees. And there is extended warranty coverage.

Downsides are the flat reward rate, not allowing for any more than that. And the higher APR after the first 15 months.

Get it here: https://www.capitalone.com/credit-cards/quicksilver/

Small Business Credit Cards with 0% APR – Pay Absolutely Nothing!

Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card

The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card has no yearly fee. And it comes with a 0% introductory APR on purchases for the initial nine months. Afterwards, the card has a 13.24 – 23.24% variable APR

Earn 3 points/dollar spent when you book travel through the Bank of America Travel Center. And get 1.5 points/dollar on all other purchases. You can get unlimited points and points never expire.

Details

There is a 25,000-point sign-up bonus when you spend $1,000 in the first 60 days of opening up the account. Cardholders get travel accident insurance, and lost luggage reimbursement.

They additionally get trip cancellation coverage, trip delay reimbursement and other perks.

There is no introductory rate for balance transfers. Also, bonus categories are limited.

Get it here: https://www.bankofamerica.com/smallbusiness/credit-cards/products/travel-rewards-business-credit-card/

JetBlue Plus Card

Consider the JetBlue Plus Card for yet another offer of a 0% introductory APR

Get six points/dollar on JetBlue purchases, two points/dollar at restaurants and grocery stores. And get one point/dollar on all other purchases.

Details

Spend $1,000 in the initial 90 days and pay the annual fee, and earn 40,000 bonus points. New cardholders receive a 12 month, 0% initial APR on balance transfers made in 45 days of account opening.

There is a $99 annual fee for this card.

Get it here: https://cards.barclaycardus.com/cards/jetblue-card/

Remarkable Business Credit Cards with No Annual Fee

Uber Visa Card

Check out the Uber Visa Card. Uber is the very first ride-sharing service to offer a credit card, in a partnership with Visa and Barclays.

The card offers 4% back per dollar spent at restaurants, takeout and bars, including UberEATS. Also, earn 3% back on hotel, airfare and vacation home rentals. And earn 2% back on online purchases.

Details

If you pay your cell phone bill with this card, you are insured up to $600 for cellphone damage or theft.

But there is no introductory rate. The APR is a variable 16.99%, 22.74% or 25.74%, based on your creditworthiness. Cardholders with less than stellar credit will be on the higher end of the range.

Get it here: https://www.uber.com/c/uber-credit-card/

Costco Anywhere Visa® Business Card by Citi

Not taking Uber? Then you’ll want to fill your gas tank in some way. Why not do so with the Costco Anywhere Visa® Business Card by Citi?

Also, there is no sign-up bonus available with this card.

Get it here: https://www.citi.com/credit-cards/credit-card-details/citi.action?ID=Citi-costco-anywhere-visa-business-credit-card

Ink Business Cash℠ Credit Card

There is a $0 yearly fee with a 0% introductory APR for 12 months on purchases and balance transfers. After that, the APR is a 15.24 – 21.24% variable.

The credit card features travel and purchase coverage benefits. So, this includes an auto rental collision damage waiver and extended warranty protection.

Details

Earn extra cash back on business categories. So, these include office supply stores, telecommunications, gas stations and restaurants.

Note: this card has a balance transfer fee. Pay 5% of the amount transferred or $5, whichever is more. Also, there is a foreign transaction fee of 3%.

Get it here: https://creditcards.chase.com/small-business-credit-cards/ink-cash

United MileagePlus Explorer Business Card

Get a good look at the United MileagePlus Explorer Business Card.

Benefits include priority boarding, a free first checked bag for you and a companion on the same reservation.

Details

Also, get two United Club passes annually. And get hotel and resort perks including upgrades. On top of that, get early check-in and late checkout. And get an auto rental collision damage waiver.

After the first year, the card has an annual fee of $95. APR of 17.99% – 24.99%, based on creditworthiness.

Get it here: https://creditcards.chase.com/small-business-credit-cards/united-mileageplus-explorer-business

Starwood Preferred Guest® Business Credit Card from American Express

Another option is the Starwood Preferred Guest Business Credit Card from American Express.

This card is for those who stay at Starwood Preferred Guest and Marriott hotels often. Get six points per dollar of eligible purchases at participating SPG and Marriott Rewards hotels.

And get four points per dollar at US restaurants, American filling stations, and on American purchases for shipping.

Also, get four points to the dollar on wireless telephone services purchased directly from US service providers. For all other eligible purchases, get two points per dollar.

Details

Get it here: https://www.americanexpress.com/us/credit-cards/business/business-credit-cards/spg-amex-starwood-credit-card

Secure Business Credit Cards for Average Credit

Capital One® Spark® Classic for Business

But KEEP IN MIND: the ongoing APR is 24.74% variable APR. And the penalty APR is even higher, 31.15%. Also, there is no sign-up bonus.

Get it here: https://www.capitalone.com/small-business/credit-cards/spark-classic/

Establish business credit fast with our research-backed guide to 12 business credit cards and lines.

Small Business Credit Cards for Luxurious Travel Points

Capital One® Spark® Miles for Business

Benefits for cardholders include an auto rental collision damage waiver, and purchase security. And they also include extended warranty coverage. And you get travel and emergency assistance services.

Cardholders will pay $0 introductory for first year. But they will pay $95 after that for the annual fee.

There is no 0% APR for purchases or balance transfers with this card. The APR is 18.74% (variable).

Get it here: https://www.capitalone.com/small-business/credit-cards/spark-miles/

The Business Platinum® Card from American Express OPEN

Check out the Business Platinum® Card from American Express OPEN if you’re comfortable with an outrageous yearly fee. This card earns 5 points per dollar on flights and prepaid hotels booked on the American Express Travel website.

It also gets 2 points per dollar on travel purchases booked on the American Express Travel website.

Furthermore, it gets 1.5 points per dollar on purchases of $5,000 or more. So, this is with up to one million additional points per calendar year. All other eligible purchases get one point per dollar.

Details

With this card’s welcome offer, you can earn 50,000 bonus points when you spend $10,000. And earn another 25,000 points when you spend an additional $10,000 in that same period.

Cardholder benefits include global lounge access and a $200 airline fee credit. And you get a fee credit for Global Entry or TSA Precheck.

This card does not offer bonus point earnings in other categories like gas, office supplies or advertising. Furthermore, all these benefits do not come cheap. Note: the card has a yearly fee of $450!

Get it here: https://www.americanexpress.com/us/credit-cards/business/business-credit-cards/american-express-business-platinum-credit-card-amex

Establish business credit fast with our research-backed guide to 12 business credit cards and lines.

Chase Sapphire Reserve®

For travel points, have a look at the Chase Sapphire Reserve® card. You can earn 3 points/dollar on travel and dining at restaurants and 1 point/dollar on other purchases.

Spend $4,000 in the initial 3 months, and you will get 50,000 bonus points. This card offers a $300 annual travel credit. And you get airport lounge access, perks at luxury hotels and resorts including upgrades.

It also provides a fee credit for Global Entry or TSA Precheck, early check-in and late checkout. And it provides trip cancellation and interruption insurance, an auto rental collision damage waiver.

Details

Plus, lost luggage reimbursement, trip delay reimbursement, and purchase protection. Finally, it also has return protection and extended warranty protection.

This card also offers cardholders a 25% higher points value when redeemed for travel through Chase Ultimate Rewards. With this card, points are worth 50% more when redeemed for travel through Chase Ultimate Rewards.

The biggest issues are the yearly fee of $450 and $75 for each authorized user. Another factor to consider should be that the card has a 17.99 – 24.99% variable APR.

So, think about this one carefully and make sure to read the fine print.

Get it here: https://www.chase.com/card-benefits/sapphirereserve/travel

IHG ® Rewards Club Premier Credit Card

And all, other purchases earn one point. New cardholders can get an 80,000-point sign-up bonus when they spend $2,000 in the first three months of account opening.

Details

The biggest issue is that the card does not offer a zero percent APR introductory rate. And the standard APR is 17.99 – 24.99% variable. Also, the annual fee is $89.

Get it here: https://creditcards.chase.com/a1/ihg/premiernaep

Marriott Rewards® Premier Plus Credit Card

This credit card earns six points/dollar spent at participating Marriott and SPG hotels. And get two points/dollar on all other purchases.

Spend $3,000 in the first three months from account opening and get two free night awards (each worth up to 35,000 points).

Details

Spend $35,000 each account year, and get an upgrade to Gold Elite status. So, that includes a complimentary room upgrade, free daily breakfast and 4 PM late checkout.

There is an annual fee of $95. The APR is a 17.99– 24.99% variable.

Get it here: https://creditcards.chase.com/marriott/apply

Reliable Low APR/Balance Transfers Business Credit Cards

Discover it® Cash Back

After the introductory APR expires, your APR will be 14.99% to 23.99%. So, this is based on your creditworthiness. Your APR will vary with the market, which is based upon the Prime Rate.

Details

You will get an unlimited dollar-for-dollar match of all the cash back you have gotten at the end of your first year, automatically.

Get it here: https://www.discover.com/credit-cards/cash-back/it-card.html

Credit Builder Company Credit Cards – Make Your Credit Surge!

Discover it® Student Cash Back

Details

In the first year, all cash back rewards are matched 100%.

Get it here: https://www.discover.com/credit-cards/cash-back/it-card.html

Establish business credit fast with our research-backed guide to 12 business credit cards and lines.

Ironclad Secured Credit Cards

Wells Fargo Business Secured Credit Card

Look at the Wells Fargo Business Secured Credit Card. It charges a $25 yearly fee per credit card (up to 10 employee cards). It also requires a minimum security deposit of $500 (up to $25,000). And it is meant to help cardholders develop or rebuild their credit.

Pick this card if you wish to get 1.5% per dollar in purchases with no limits. Or you can get one point for every dollar in purchases. You also earn 1,000 bonus points. So they are for every month your company makes $1,000 in purchases on the card.

Details

Also, you get free FICO scores every month. There are no foreign transaction fees. It is possible to upgrade to unsecured credit. Your account is regularly reviewed. And you may become eligible for an upgrade to an unsecured card with responsible use over time. Approval is not guaranteed. It depends on factors including how you manage this and your other accounts.

APR is the current prime rate plus 11.90%. There is no introductory APR period and no sign-up bonus. This is not a credit card for balance transfers.

Get it here: https://www.wellsfargo.com/biz/business-credit/credit-cards/secured-card/

Unbeatable Cards for Jackpot Rewards

Chase Sapphire Preferred® Card

Have a look at the Chase Sapphire Preferred® Card for travel points.

You can get two points to the dollar spent on travel and dining at restaurants. And you can earn one point per dollar on all other purchases. Points can be redeemed for cash back, gift cards, or travel.

When you spend $4,000 in the first 3 months from account opening, you will get 50,000 bonus points. These points are worth $625 if you redeem them for travel through Chase Ultimate Rewards.

Details

You can earn an unlimited two points per dollar for travel and dining at restaurants. Then afterwards get one point per dollar for all other purchases. Points will transfer equally to 13 leading frequent travel programs with partners. So, these include British Airways, Southwest Airlines, United, and Marriott.

Get it here: https://creditcards.chase.com/rewards-credit-cards/chase-sapphire-preferred

Ink Business Preferred ℠ Credit Card

This is a Visa credit card.

Details

Get 80,000 bonus points when you spend $5,000 in the initial 3 months from account opening. There is an annual fee of $95. You can add employee credit cards at no additional cost.

Get it here: https://creditcards.chase.com/small-business-credit-cards/ink-business-preferred

Hilton Honors American Express Ascend Card

Check out at the Hilton Honors American Express Ascend Card, which earns hotel rewards points. Get up to 12 points per dollar of eligible purchases at participating Hilton hotels or resorts.

Automatically get Hilton Honors Gold status. And this includes room upgrades when available. Plus there’s a 5th night free when you book a rewards stay of 5 nights or more.

And get free internet access and late checkout. It also includes a 25% bonus on base points earned with Hilton Honors.

This credit card has a variable purchase APR of 17.74 – 26.74%. There is an annual fee of $95.

Details

Benefits include purchase protection. And there is extended warranty coverage. They also include car rental loss and damage insurance. So they also include travel accident insurance.

Spend $40,000 on eligible purchases with the card within a calendar year. Then you can earn Hilton Honors Diamond status through the end of the next calendar year. So this status includes all the benefits of Gold status.

It also includes a 50% bonus on base points earned with Hilton Honors. So it also exclusive floor lounge access at select properties. But that is extremely high spending required for elite status. So only you can decide if that’s worth it.

Get it here: https://www.americanexpress.com/us/credit-cards/card/hilton-honors-ascend/

The Perfect Business Credit Cards Cash Back for You

So your outright best business credit cards cash back will hinge on your credit history and scores.

Only you can select which features you want and need. So, make sure to do your homework. What is outstanding for you could be disastrous for other people.

So also, as always, be sure to develop credit in the recommended order. Do so for the best, quickest benefits.

The post Get Business Credit Cards Cash Back Today! appeared first on Credit Suite.

Embrace Business Delegating and More –10 Brilliant Business Tips of the Week

The Hottest and Most Brilliant Business Tips for YOU – Get Ahead With Smart Business Delegating and More

Our research ninjas at Credit Suite smuggled out ten amazing business tips for you! Be fierce and score in business with the best tips around the web. You can use them today and see fast results. You can take that to the bank – these are foolproof! Business delegating is going to save you time, money, and mental bandwidth.

Stop making stupid decisions and start powering up your business. Demolish your business nightmares and start celebrating as your business fulfills its promise.

And these brilliant business tips are all here for free! So settle in and scoop up these tantalizing goodies before your competition does!

#10. Up Go Your Sales and Revenues – Here’s How

Our first jaw-dropping tip is all about boosting sales and revenues. Young Upstarts says there is an actual difference between sales and revenue. The difference is as follows. Sales is the numerical total of the products sold, while revenue is the total amount of cash which was taken in because of the sales.

One tip we really loved was all about prices.

Rethink Your Pricing Strategy

Prices should not be written in stone tablets, never to be changed.

So check out what your competitors are doing. It may be better to lower your prices rather than raise them, by the way. A lower price can keep your products, and thereby your company, competitive. And raising your prices can help your business make more money with fewer sales or at least without having to increase your sales.

Whichever way works, be intentional about it. We are big, big fans of metrics and data here. So don’t change your prices without concrete support from unshakeable numbers.

#9. Banish the Churn

The next awesome tip is about avoiding buyer churn. LinkedIn notes that technology, unsurprisingly, can come to your rescue.

Churn is when you lose customers for some reason or another. A subscription service might see people cancel. A local shop could see people move out of the area. And an online business might find their customers are surfing elsewhere.

So, why are customers leaving?

Understanding why customers jump ship is key to preventing more defections. And it all comes from – surprise! – data. Many customers leave because they perceive a disorganization in a business, or a lack of service – or both. Better technology can help with both. Make your business decisions with objective data, not subjective anecdotes.

If you are as passionate about succeeding in business as we are, please help us spread the word about how to take the plunge and save time and money – and your sanity! Business delegating will transform your business.

#8. Put the Customer First. Always.

Our following life-changing tip concerns customer-centric selling. Help Scout lays it all out for us.

Our favorite tip from this article was the part about leading with curiosity. But what, precisely, does that mean?

Imagine you’re selling television sets. You can just sell the TV and be done with it. Or you can engage the customer in some conversation where you ask curious-style questions:

Looking to watch the big game? Who do you favor?
Do you like to game? Let me show you how to use the TV with your gaming system
Oh, what a cute baby! Need to watch TV while the little one is asleep? Let me show you how to put on the captions
I see your kids are loving the set! Do you want to learn how to get a handle on what they’re watching, and block some content?

You get the idea.

Your mission in sales is to put yourself in your prospect’s shoes. This means wanting to know what they know. And it means trying to learn the things they need to know but don’t know yet.

#7. Save Your Health From the Effects of Sitting at a Desk All Day

For our next sensational tip, we looked at overcoming the harmful health effects of an office job. Effortless HR says that there are ways to incorporate some exercise into your day – and that will help to preserve your health.

We kind of liked the idea of making office calls. But we want to take it one step further.

So it’s time for a true story.

The Mentor and the Walking Meetings

Back in the day (early in this century), your intrepid blog writer worked for a major publishing company right in the city. This was a job I used to get to via public transportation. I would also add more exercise to my day by getting off at a bus stop before the one I was supposed to get off at.

Then there was mentoring.

I signed up for this (I was the oldest person who did, by far!) because I knew so little about the publishing industry when I was hired. This woman turned out to be within 10 years of my age, and we got along famously. But the best part was suggesting to her that, weather permitting, we walk for our meetings.

And so we did! We saw a lot more of the city than most people do, while still getting done what we needed to do.

Will a walking meeting work for you? Maybe for a short meeting where it’s not expected a lot of notes will be taken. Try it. What have you got to lose?

#6. Stop Overworking – Here’s How

This tip is so smart, and it works! Indeed tells us all about bringing back work-life balance and getting off the overworking train.

Here’s our favorite tip from the article – although we highly recommend reading the whole thing.

Set an Example

You’re the boss. You set the tone. And if you work late every night, guess what happens? A lot of your employees will feel the need to do the same. And if you call or text them at all hours, then they will feel the need to be available to you, 24/7.

True story – your intrepid blog writer has been friends for years with a woman who had a boss who would do both. And this boss would also call at 2 AM, screaming for my friend to do this or that. It was a marketing job. The vast, vast majority of marketing activities are not emergencies. And this was before the internet, so it wasn’t a social media crisis.

That’s nasty. It’s unfair. And it’s borderline abusive.

And my own job several years ago was a place where we were all expected to work late. But I wasn’t getting a lot of work! Rather than sitting around, I took the train home. And that was apparently the 100% wrong thing to do.

I was out of there, fast.

Don’t do that to your employees, or to yourself. Unless you’re curing cancer, working as an air traffic controller, or taking care of the people on the International Space Station, your business is important, yes. But it’s not so important that you can’t take time off and live life outside of it.

#5. Embrace the Power of Business Delegating

Grab this mind-blowing tip while it’s hot!

You don’t have to go it alone. Business delegating is where it’s at.

The Self-Employed says it’s possible to delegate tasks even if they are tasks requiring a lot of skill. It’s all about maintaining relationships.

It’s possible to delegate tasks even if you’re a sole proprietor. Just keep a list of skilled, competent, reliable professionals.

Consider this.

Your Value is More Than Zero

In fact, your value is far more than nothing! Of course, you know this intellectually. But the bottom line is that adding yet another task onto your plate is probably going to cost you money.

Still, what, precisely, is your time worth?

If you’ve been recently employed, consider that figure. And think about what you pay yourself (you do pay yourself, right?) and the kind of time you put in. But there’s more, particularly if you haven’t recently been employed anywhere but in your own business. Here are the details.

Think about what was the last big sale you made or account you landed? Got that in your mind? Good!

How much was it worth? And how long did it take to get it? This is everything from research to calls to perhaps visits, advertising, you name it.

Divide the amount of that big sale or account by the number of hours and set that figure aside. Do this again for a few more so you have a few numbers. Now average those numbers. More or less, that’s your hourly value.

So if it took you 100 hours to land a $10,000 sale, then your time is worth $100 per hour.

See why doing the filing is an expensive proposition which you should delegate to someone else?

Let the Professionals Lead the Charge

Do you do your business’s taxes? Payroll? Hiring? There comes a time in every successful business’s life when you stop doing that and you do some business delegating. You send the first two tasks to accountants. You send the last one to an HR professional. You get out of doing those things and you go back to what you do best – landing deals to buy widgets or whatever.

And don’t forget this. Your value should rise, commensurate with your experience, your time in business, and the size of the deals and sales you land. That $100 per hour might turn into $500 or even $5,000 per hour.

Engage in business delegating and save money – and your own time.

If you are as passionate about succeeding in business as we are, please help us spread the word about how to take the plunge and save time and money – and your sanity! Business delegating will transform your business.

#4. Get to the Point

Check out this spectacular tip, all about better focusing your content. Copy Blogger notes that meandering content doesn’t do you any favors.

Preach.

Their best tip was to let first drafts sit and then edit the hell out of them. But what if you can’t? You might have a certain minimum word count and you just made it, so cutting even one word is too many. Or maybe there’s very little time.

C’mere, and I’ll tell you a secret.

Everyone’s on a deadline.

But here’s how to do the editing dance when there’s very little time or wiggle room with words.

Editing for Fun and Clarity

Is there more than one writer in your company? Then have them switch off and edit each other’s work. This will get the editing done, and in less time. It’s a lot easier to spot errors – and let them go – when they aren’t your errors.

Only got one writer? Then pair the writer with the employee with the second best writing skills. Not a perfect solution, but not a bad one.

It’s just you? Then do yourself a favor and take a day to start as many blog posts as you can. This is basically just the bare bones outline and no more. How to Paint a Wall. Where to Find the Best Sushi. Whatever your topic is, just write outlines. And then when you do blog, stick with them as if they were gospel. Your article on the best sushi shouldn’t include where to find great barbecue. Keep two questions in mind:

What are your goals for this piece of content?
What one thing should your audience take away?

Your outline should address both of these points.

Outlines help to focus your writing, especially if you have no other way to edit. And by getting back to these outlines later, you have let them sit, our favorite tip from this article – to let things sit for at least a day.

#3. Start the 20s With New Marketing Techniques and Tools

It’s not your imagination: this winning tip can improve your marketing in 2020. Buzz Sumo tells us that we can start the year off right with a few changes.

We highly recommend reading the entire article, as there are some great, detailed ideas in there. But we want to showcase one in particular. Stories.

Tell Me a Story

This isn’t necessary a story in the sense of a beginning, middle, and end with a protagonist and a story arc. Rather, it is an ephemeral form of content. On Instagram and Facebook, for example, the content is just plain gone pretty quickly. But on both places, people love it.

Why?

There’s something fun and a little mysterious about getting in on a bit of content that others don’t. We might not have backstage passes and maybe we can’t get past the velvet rope at the club. But we can be on Instagram at the right time to experience a story.

Facebook does this to great effect in a thoroughly noncommercial sense. It does it with birthday stories.

And it’s a brilliant piece of advertising.

Say what?

By getting people used to stories and giving them a reason to check them out, Facebook is showing consumers that they just might want to check out stories from marketers. And the beauty of it is that Facebook has been Birthday Central for years. Sometimes a birthday greeting is the only communication between two connections in a year. By associating this seemingly necessary thing (remembering a birthday) with stories, Facebook has even created a demand.

And that’s the story!

#2. Ready, Set, Holidays!

Our second to last unbeatable tip can give you a new perspective on readying your business for the holidays. Because they are coming faster than you might think! Score reveals all about getting set for the inevitable.

And we so loved the fact that they led with business delegating!

We loved two of their ideas which can both be done by someone else. Talk about your business delegating.

It’s Website Facelift Time!

We’re not talking so much about updating the design. It’s more to make sure that you can handle orders and inquiries. If your website goes slow or stops altogether, you’re going to lose sales. And you might even lose future sales.

Dang.

It’s a great area where you can practice business delegating, too. You can even hire a professional for a look-see to make sure you’re not overlooking anything big.

After all, most people haven’t started holiday shopping yet. There are probably going to be a lot of folks out there who are more than happy to deal with your website for a few hours or days and get a few bucks in anticipation of holiday bills.

It’s Also Office and Store Facelift Time

Now we’re talking about something more artistic.

How into the holidays are your workers? Do they watch It’s a Wonderful Life once and then call it a season? Or do they have brackets whereby they pit film and TV Santas against each other to see who comes out on top?

I’m partial to Art Carney myself. Fight me.

Either way, a lot of people are into decorating this time of year. This is a great time and place for business delegating, because it’s more fun that way.

Do your customers, prospects, and non-celebrating employees a favor and don’t make the decorations too religious unless you’re a religious book store or the like. Then have at it! But for most other establishments, snowflakes, bows, and boughs can be festive without excluding anyone.

Same with holiday music. And please don’t make it all Xmas music even if it’s fairly secular! There are plenty of winter tunes which don’t mention the specific holiday at all. Here are a bunch – but they don’t have my personal favorite!

And don’t forget to have fun. You work hard all year. You deserve this.

#1. Leverage Small Business Saturday

We saved the best for last. For our favorite remarkable tip, we focused on succeeding on Small Business Saturday. It’ll be here a week from this Saturday! The SBA says Small Business Saturday is a terrific way to usher in the holiday season and make some profit. But you need to be ready.

We really loved two specific ideas. One was to leverage local events. That is, if your town is having a tree lighting ceremony, and are a salon, why not hand out little cards with basic skin care tips for the cold weather to the people outside watching the ceremony?

The other idea we loved should be no surprise – keeping track of what works, and what doesn’t. Otherwise, how will you know what to do next year?

So which one of our brilliant business tips was your favorite? And which one will you be implementing now?

If you are as passionate about succeeding in business as we are, please help us spread the word about how to take the plunge and save time and money – and your sanity! Business delegating will transform your business.

The post Embrace Business Delegating and More –10 Brilliant Business Tips of the Week appeared first on Credit Suite.