How To Streamline These Three Business Areas

Streamlining areas in your business is an excellent way to improve the efficiency of your company, and it could help you to find success in many different ways. Streamlining the operation is no easy feat, however, and every business owner is constantly looking for ways that they can make improvements to key areas of the operation. Fortunately, there are a few excellent ways to streamline some of the more important aspects which could help you to increase efficiency, reduce errors, cut costs and improve the quality of the product/service that you provide. Here are a few ways to streamline three important business areas.

Accounting

Accounting is one of the most important aspects of the operation and is key for managing finances and handling your taxes which means that it needs to be efficient and accurate.

Outsource:

For many businesses, the best way to streamline this area of the company is to outsource the work to an accounting service which can be highly effective and allow you to focus on other areas of the business.

Software:

Another good solution is to use the latest accounting software which can make handling accounts easier and reduce errors.

Merchandise Flow

Those that sell products need to stay on top of merchandise flow so that products are always delivered on time and available to customers.

Training:

This can be a complex area of the operation, so you need highly trained staff to manage the inventory efficiently, plus communication throughout each stage will also be key (more on this to come).

Analyze Processes:

Take a careful look at every process that is involved in the merchandise flow and ask yourself and your staff if there are any ways that improvements can be made. Even a small adjustment could have a significant impact on the overall efficiency.

Software:

Using single-source management software like www.sellercloud.com allows you to easily manage each stage of the process from the moment an order is placed right through to the delivery. This gives you a greater level of control while streamlining the entire operation.

Communication

Communication among employees is crucial as this allows staff to work efficiently together to improve the operation and boost morale.

Open Plan Office:

Having an open plan office will encourage employees to communicate and make it much easier for them to do so. This can also have a big impact on morale too.

Technology:

Technology has made communication much easier, which means that you should look into investing in new technology and software to streamline communication. As an example, cloud-based collaboration software can make it easy for staff to collaborate and share documents no matter where they are. Additionally, video calls are helpful if you have employees working remotely and you want to stay in close communication throughout the day.

Streamlining these three areas could have a considerable impact on the success of your company while also making the daily tasks much more manageable for staff to manage. It can be a challenge to improve the efficiency of your operation particularly when it is large scale, or you have used a set way of working for a long time, but making these changes could help you to maximize profits while improving the operation.

Smart Money Investments Every Small Business Owner Needs to Make

Money makes the world go round, especially when you are a small business owner who has yet to enjoy the cult status of being a local legend. You need to make ends meet, reinvest in your business, and yet still manage to pay your employees and keep your family afloat. This requires a healthy profit, and some smart money management. Even if you could say that you are comfortable now, you cannot rest on your laurels. You need to do all you can to invest in your future so that when times get tough, you have the right support systems to keep you upright:

Personal Investments to Keep Your Finances Stable

For small business owners, your company is your entire investment. You often have all your hopes riding on its success, so if there is a slow month, you will be the one to take out of your own personal savings to keep it afloat. This is not sustainable, nor is it smart. Don’t put all of your eggs into one basket and instead try investing:

Into Real Estate

Your first home should be thought of as the first rung on your real estate ladder. If you decide to move later on, see if you can work out a way to keep both your old home and buy a new one if the rental return is good enough. This way you can cover costs and eventually bring in a healthy passive income. Hire the right people to manage the property, and you don’t have to do any work at all, so long as the rent covers all of these costs.

Into the Stock Market

Where there is risk, there is the chance of great reward. This isn’t to say you should ever invest money into the stock market that you are not prepared to lose. If things go south you should be financially secure, still have an emergency savings fund, still have your retirement, and still have all of your other assets. Do this, and the stress and worry of investing in the stock market will be a thing of the past. Instead, you can focus on making smart choices with a clear head. If you want to learn to trade, then start doing so. Get money calendar alerts first hand that will notify you of stock opportunities from companies that have a proven 10-year history. These stocks won’t likely see a huge influx of value, but for first-time traders, they are the perfect way to dip your toe into the stock market waters.

Into an Emergency Fund

This emergency fund should be separate from your checking account, but different from your retirement savings. Essentially it should be there to cover your expenses during a financial setback. You can set an emergency fund up for your business as well, often referred to as reserves so that unexpected costs on that side of your life will be covered without you touching your family’s personal emergency fund. Generally speaking, you should have enough in this fund to cover your costs for at least three months, and continue to save until you have reached this goal.

Into Your Retirement

As a small business owner, you need to worry about both your own retirement and that of your employees. Be fair on both ends, and try to start early. Make it easy for your employees to start paying into their employer-based pension, and give them information on how to save further and how much they would need in order to lead a great life. By all means, this information is something you will acquire looking into your own options, so just pass on what you’ve learned so your employees can help themselves. Do this, and you can help them with their retirement even if they leave your employment.

Business Investments Every Small Business Owner Needs to Make

Investments you need to make in your business will vary. Having a healthy reserve and giving your employees a strong retirement plan are good places to start. The next step from there will then be to invest and innovate. No business can survive by holding onto the past. By investing in the following key areas, you can improve your company, lower costs, and increase profits:

Into Your Employees

Your employees are not stagnant machines. You do not need to replace them when they become outdated, and in fact, if their skills ever do fall behind your requirements, then you have no one to blame but yourself. You need to invest in your employees, train them, teach them, and sponsor them so that every single one of them can become better than the day before. You don’t need to outsource for new talent, you only need to give your current employees the tools they need to become the best in the business themselves.

Into Your System Processes

Organization and data management software has been a huge win for every business out there. It allows you to do more with your data, reduce admin times, and lower operating costs as a whole. Invest in new systems as they come out and are needed so that you can finally start making your data truly work for you.

Into The Tech You Use

The tech your company uses will depend entirely on your industry, but it is wise to keep an eye out on new tech releases. Work out a cost-benefit analysis to see if it is worthwhile in the long term to update to this new tech, or to wait for another model. For example, if you have an old printer in your office that takes up a lot of ink and power, you could end up saving a ton of money by switching to a more efficient and energy friendly model.

Into Your Branding and Reputation

Marketing is a never-ending struggle to gain recognition and to keep favor with your customers. Every company, from big to small, has to commit to it. Invest in a variety of marketing tactics and campaigns to keep your company well regarded and in the public eye.

Your small business needs to be financially secure. This means that you, the business owner, needs to have his finances in order so that you can improve the quality of your family life and the operation of your business. Reinvest your savings to better your outlook, and work on building a stable future.

A Guide to Using BigCommerce

Selling products online is a great way to cash in on all of your marketing efforts. People are far more likely to buy from you if they can see your products, select the right version for them, and then check out and have it shipped. If they then need to call you to place the order, or go into the store, chances are you won’t see as many sales as you might otherwise.

Setting up an online store is not difficult either. So long as you have a website up and running all that you will need to do is choose a great e-commerce platform like BigCommerce, and follow these steps to get it right:

Create Your Account

The first step to setting up BigCommerce is, of course, to subscribe to it, install, and create your account.

Get Used to Its Interface

Though you can have a professional come in and customize your store for you, you will want first to get used to the interface. Knowing where everything is and more or less how to update your store as you need to will be a huge help, especially when it comes to devising a list of what you want your store to do. You need to know its capabilities, after all, to be realistic in your expectations.

Choose The Right Theme

BigCommerce comes with a lot of custom theme options, meaning you can easily pick out a great template for your business and implement it. It won’t be perfect off the bat, but it will make the customization of your site a lot easier.

Create Custom Images and Branding

You will need a digital version of your logo, as well as high-resolution images of all of your products so that you can set up your store all at once. Ideally, you should also aim to add some multi-media aspects to your product list, like a video, to really showcase the product.

Customize Your Store

Once you have the platform, theme, and custom content, it is time to use BigCommerce developers’ in-depth knowledge and skills to customize your store to perfection. There are a lot of options within the interface itself, and many themes will allow for further changes to be made using XML and other coding that is better off left to the professionals.

Add Products

Once your store is up and running, you will want to add products. Create categories first, then add products and all the necessary information afterward. Provide as much info as you can so that your customers can get all the answers they need without needing to ask your service desk.

Test Store

Once your store is more or less ready to go you will want to test it a few times. Put in orders, have friends or family try out different tasks, and make adjustments as needed. Once you know it is perfect, it is time to launch it and let users know they can now buy from you online.
Running an online business is difficult, especially if you don’t have experience in advertising online or SEO. Rely on other business’s specialties when your own talents fall short, and be prepared to learn. It is very difficult to get anything in business right the first time, so use analytics and feedback to make the improvements that matter.

4 Sure Fire Ways To Get That Promotion

If you choose to work in a corporate environment, it’s unlikely that you’ll settle for existing in the position where you started for the duration of your career. You’re going to be looking up, up, up, towards the more senior positions in your organization. But of course, if you’re looking in that direction, you can rest assured that everyone else is, too. So how do you make sure that when promotions are handed out, they’re going to you? Below, we take a look at five tried and tested ways to make that superior position yours.

Reach For the Stars

No-one’s going to push you toward a promotion. It doesn’t happen! The only person who will push you forward is, well, you. So begin by making sure your mindset is the correct one. You should be aiming for the stars, trying to move as high up as possible. There’s no guarantee that you’ll end up in the better positions just because you’re aiming that way, but there’s no way you’ll move up if you don’t. If you don’t believe that that’s where you’re going to end up, then no-one else is going to believe it, either.

Stand Up For Yourself

No-one makes a name for him or herself by sitting quietly in the background. There’s nothing wrong with that, of course, but they don’t go hand in hand with working in the senior positions. Those jobs require people to make decisions and take action. They need to have a conviction that they’re doing the right thing. It’s called being a leader. The good news is that anyone can be a leader; it doesn’t matter what their job title is. Once they’ve been noticed, they’ll be on their way to the top. So speak up when you have something to say.

Further Study

Some people might be “upper management” material, but are held back simply because they don’t have the prerequisite education or experience. In some cases, the competition for the higher positions might be so fierce that the only way to sort the candidates from non-candidates is to divide the group into people who have masters and people who don’t. There’s a reason why studies have shown that people with higher education qualifications earn more than those without! So to give yourself the best chance of getting a promotion and earning a higher salary, look at studying for an online MBA program. The time and effort it takes to complete the studies may be well rewarded in the future!

Team Player

If you’re only looking out for yourself, then why would a company promote you? They need people who think about the team in the more senior positions, not people on their own personal quest. So make sure you’re presenting yourself as a team player. A person who chips in to help the team complete a task (and without complaining of course) will always be highly valued by management, who will see that they have the right mindset that the company needs.

How to Make a Profit with White Label Re-seller Programs

How to Make a Profit with White Label Re-seller Programs

For the small business, gaining the recognition of the big one is always a hard mission, even if the product the small company develops is equal or even surpassing in quality. It takes years of hard toil to develop own app, website or advertising platform but the costs bite the most when we talk about raising the brand recognition and conquering own share of the overcrowded market. According to the brand-growing agencies, a single design outsourcing will normally take from $1,000 to $50,000 and up.

The experience of companies that have adopted the white label framework of development shows that this model can be beneficial for start-ups and big companies alike because there are many ways in which white label programs can be integrated. The brands simply buy a ready-made solution from a white label reseller and build their own business models on them.
Let’s take a look at the areas they’re applied in and discover the money-gaining benefits they provide.

What is a White Label Re-seller?

A white label re-seller is a company which supplies no name products or services to other companies that resell them under their own brand. These products resemble a shirt without a tag. It may cost $5, but if you sew a Gucci tag on it, you may sell it for $500.

Yes, this means that white label re-seller platforms give you vast opportunities to grow with minimal investment and even make substantial profits. You may do anything you want with a product after you pay for it and get a license. Resell it for a higher price, modify it and market as an entirely new or provide your clients with top-notch services without hiring experts.

Almost any digital product or service can be white labelled: software, mobile apps, search engine, and social media optimization services, advertising solutions, and so on. Read on and find out 4 best suppliers of white label re-seller programs in the tech sphere and app building.

SmartyAds — White Label Advertising Solution

Today we woke up in 2018: selling or buying ads in the digital marketplace doesn’t require human involvement. No more reason to do this by hand since we have programmatic advertising solutions. Aside from providing media buying solution under their own brand, they act as a programmatic advertising white label, meaning every brand can grow their own business model on their programmatic technologies such as SSP, DSP or white label ad exchange.

Supply Side Platforms (SSP) for those who want to sell their inventory at the best price, Demand Side Platforms (DSP) for media buyers who need more control over their budget and targeting, and ad exchanges for everybody who are eager to establish their own trading rules. All solutions are customizable and may be easily tailored to your needs or the needs of the company.

Buildfire — Mobile App White Label Reseller Platform

The mobile market share worldwide comprises 53%, when the desktop’s share reaches only 43%. Around 85% of users favor apps over mobile websites due to their higher speed and better convenience. The demand for well-built apps is only increasing, but not every agency can cope with such a mammoth influx of orders.

Instead of developing an app from scratch, you can rapidly create a mobile app using Buildfire’s tools and features. Even the company that doesn’t have any experienced coders on board may start delivering fully operational mobile apps to its clients with the white label program. According to Buildfire, their customers jointly saved $250,000,000 on app development, so why don’t you minimize your expenses as well?

Social Report — Social Media Software Reseller

Social media had gone far beyond being merely an entertainment media for bored teenagers. If you still neglect social media marketing, you’ll likely to be less successful in the product’s promotion than your rival who is keen on SMM. 50 million small businesses use Facebook to get in touch with their customers, we bet your clients do the same.

But it’s getting hard to manage Facebook, Instagram, Twitter, LinkedIn, and others when the audience is growing and new features are emerging. Fortunately, social data and analytics services like Social Report make our lives easier.

This white label re-seller opens access to their sophisticated platform for anyone who wants to improve the effectiveness of their SM marketing With Social Report, you can receive detailed reports of your own company’s social media activity or put your brand’s label on this software and offer it as a ready-made solution to your clients.

SEOReseller — SEO White Label Company

If some companies lack specialists, resources, and time for software development, the others have no tools and skills to help clients sell better. This way, an agency specialized in app building and web design may lag behind the competition only because nobody in this team understands SEO.

SEOReseller provides white label re-seller programs and marketing services for those who need to outsource their SEO. It’s a marketplace where you can purchase a service package and redirect your client’s project to SEOReseller’s experts. Still, the services are provided under your brand’s name and you are the one who takes responsibility for the result. This way, your reputation only grows up if you sign with a reliable white label business that is SEOReseller.

To wrap it up

Quite convenient, isn’t it? Dealing with white label re-sellers, you spare yourself a ton of unnecessary expenses. Moreover, you always make a profit. White labels sell their products at a relatively lower cost, so you benefit from reselling even keeping prices affordable. The only challenge that remains is how to find more clients and gain more but that’s the story for our next article.