Understanding Different eCommerce Pricing Strategies
When starting an eCommerce business, most online entrepreneurs typically focus on developing an idea for a product. Once a product has been obtained or manufactured, the next step is where to sell their products. Before listing a product on a marketplace, such as Amazon, eBay, or Shopify, it is crucial to first determine your product’s […]
Should Your Small Business Create a Customer Loyalty Program?
Small businesses are always looking for ways to attract new customers, but one of best ways to maximize longterm profit is to build loyalty among existing customers. An effective customer loyalty program encourages new customers to become repeat customers, and it encourages repeat customers to stay engaged with your business. If you’re thinking about adding […]
What is a Cash Flow Forecast?
A cash flow forecast is an estimate of the future inflow and outflow of cash for a business. It helps business owners make informed decisions about how to allocate their resources, and helps them plan for upcoming expenses. Cash flow forecasting can be an important tool to have when you are trying to make decisions […]
6 Startup Expenses to Include in Your Budget
Starting a small business is refreshing and fulfilling, but it also comes with myriad expenses. Being unprepared for startup expenses means that you will quickly find yourself in over your head in terms of finances. If you’re not prepared for these startup expenses, you could quickly find yourself in over your head financially. It’s important […]
7 Easy Ways to Automate Small Business Tasks
As a small business owner, there’s always a lot on your plate. There is a never-ending list of demands on your time. So, it’s important to prioritize complex tasks over menial, repetitive ones. Luckily, many of your everyday business tasks can be automated. Small business task automation can save you time and ensure that you […]
What to Know about Business Licenses
If you’re thinking of starting a business, one of the first things you’ll need to do is apply for business licenses. This can be a daunting task, but we’ve got you covered. Here’s what you need to know about business licenses …
A Quick Guide to IRS Mileage Reimbursement
As gas prices soar in 2022, small business owners should be aware of the mileage and fuel reimbursements available. As of July 1st, 2022, the IRS has set new federal mileage reimbursement 2022 rates. At the beginning of the year, the rate was 58.5 cents per mile and now has increased to 62.5 cents per […]
How to Build an Email List
Email lists are a powerful way for small businesses to reach their customers. By building a small business email list, you can stay in touch with customers and let them know about new products, services, and special offers. Follow these tips to build an email list that will help you reach your customers and grow […]
Tips to Create a Marketing Budget for Small Businesses
Marketing for small businesses is critical for growth, especially during the early stages of a company. That’s why it’s so important to create a marketing budget early on. When people think of marketing budgets, they often default to advertising, and with good reason. Advertising is the fastest way to reach potential customers. An advertisement budget […]
