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The 8 Essential Elements of an Annual New Business Plan #creative #business #cards

#new business plan

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The 8 Essential Elements of an Annual New Business Plan

The job of an agency new business professional is akin to organizing chaos dictated by demanding pitch schedules. Compounding this, Q4 often brings a flurry of pitch activity known to ruin many a Thanksgiving or Christmas holiday.

And while all this activity helps to fill the pipeline, the timing is unfortunate because it distracts you from the type of reflection and planning that are so important to setting you up for success for the next year or quarter.

I know. It’s tough to add another project to your already overwhelming to-do list, but I urge you to make time to write your new business and marketing plan for 2016. Here are some reasons why it’s well worth squeezing it into your 12-hour days:

  • It’s the best way to measure your success. And I’m referring to the collective “you” here because it takes the entire agency to make new business efforts effective. An annual plan not only sets expectations for you but also for others at the agency who need to contribute to the agency’s success.
  • You’ll learn a lot! It gives you an opportunity to reflect on the past 12 months and accurately set projections for the year ahead.
  • It sheds some light on what the heck you do at your agency. For those who are not routinely involved in new business, it can seem like a black hole of mystery. Sharing your plan — whether to an executive committee, department heads, or even the entire staff — adds clarity and gives everyone something to aim for.
  • Your boss will be impressed. Don’t wait to be asked. Get on your CEO’s schedule to review your outline and discuss your intentions for putting this plan together.

Sometimes the hardest part is getting started, so I’m going to get the ball rolling for you by giving you a basic outline to follow.

8 Elements to Include in Your New Business Plan

1) Executive Summary

This has to be written last, but it should always come first. By starting with a smart, concise summary, you’re showing the same kind of respect for your audience’s time and attention as you would if this were a RFP response.

2) The Team

Define the new business and marketing ecosystem at your agency. Who’s on your team, and what do they do? How did you grow this year, and how are you planning to grow next year? Do you need to hire to achieve your new goals? What kind of operational efficiencies did you introduce?

3) Performance

Analyzing the past year will help you better forecast the year ahead. Where are your opportunities coming from? How many pitches did you participate in? Were they the right ones (in terms of revenue, cultural fit, creative opportunity, etc.)? Did you wait for requests to come to you, or were you more proactive? As you answer these, you’ll start to see a profile emerge that will help you make better decisions about what to pursue and what to decline next year.

4) The Marketplace

What kind of trends are you seeing? Think about things like the trend towards project work versus AOR assignments. How does your agency need to adjust to stay competitive? Who are your competitors now? What agencies do you want to be competing against a year from now?

5) Revenue Goals

Crunch the numbers. Based on your historical win rate, how many pitches do you need to be in to meet your numbers? How much can you rely on organic growth? How much do you need to focus on proactive prospecting? Don’t do this in a vacuum; spend time with your CFO and CEO to make sure you are managing their expectations as well as integrating corporate financial goals into your plan.

6) Meeting Those Goals

This is a biggie and probably where you’ll need to sink most of your time. Dust off your selection criteria, and start doing your research. You want to determine the categories you’re best suited to pursue (and why) or refine your ideal client profile. and then use that to define a super-targeted list of prospects. Another important point to include in this section is the level of support you expect from your colleagues in other departments such as strategy, research, and design. What’s it going to take to make a compelling pitch to your prospects?

7) New Business Tools

What tools are you lacking to meet your goals? If you’re planning on doing a ton of personal outreach, you’ll want to invest in a good contact management database or CRM. an email program, a marketing automation tool, or other solutions. Maybe this is the year for a website redesign. Or, if you’re getting invited to the pitch but not making it past the first round, maybe you need to learn how to tell your story better and invest in rewriting your case studies and credentials.

8) PR and Marketing

How will your agency’s positioning serve you? Is it strong enough to differentiate you from your competition? Is it meaningful enough to inform your messaging? What kind of events should you attend? Speak at? Or do you create your own event? What kind of awards shows should you enter? Besides getting you mentioned in the usual suspects such as Ad Age and Adweek. what can your PR team do to get you exposure in vertical trade publications or at conferences?

This may seem like a daunting amount of work. That’s why you need to start planning it out now. It’s a little more daunting if this is the first time you’ve ever created a plan so know that it gets easier and easier each year.

I can’t promise a last-minute RFP won’t ruin your holiday season, but now it’s a lot less likely that your new business plan will.





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Free Building an Online Business Online Course #cottage #industry #ideas

#free online business

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Building an Online Business Course

Study at your own pace!!

Course Description

Building an effective online presence is critical for growing your business as it gives your company access to thousands or millions of local, national or international customers who are searching, interacting, sharing and shopping online. In this course you will learn why you must get your business up and running on the Web using e-commerce sites, review sites and social networks. You will also learn that having a Website which is easy to navigate, is informative, and has a good domain name, the right design template and memorable Web copy will help your business stand out from the competition. The course discusses why it is important to have a presence on the mobile Web and how to attract your target audience using tools like Google AdWords. This course will be of great interest to all business owners who are thinking of setting up a Website for their business but are uncertain of how to go about doing it. It will also be beneficial to any company or organisation that wants their existing Website to be more effective at attracting potential customers.

CERTIFICATION

To qualify for your official ALISON Diploma, Certificate or PDF you must study and complete all modules and score 80% or more in each of the course assessments. A link to purchase your Diploma certificate will then appear under the My Certificates heading of your My Account page.

LEARNING OUTCOMES

Learning outcomes
– How the internet will help your business to attract customers and encourage growth;
– Creating effective design;
– Getting your website found on Google search;
– Getting your website to show up in a local search;
– How a mobile website is important;
– Learn about Google Analytics;

Building an effective online presence is critical for growing your business as it gives your company access to thousands or millions of local, national or international customers who are searching, interacting, sharing and shopping online. In this course you will learn why you must get your business up and running on the Web using e-commerce sites, review sites and social networks. You will also learn that having a Website which is easy to navigate, is informative, and has a good domain name, the right design template and memorable Web copy will help your business stand out from the competition. The course discusses why it is important to have a presence on the mobile Web and how to attract your target audience using tools like Google AdWords. This course will be of great interest to all business owners who are thinking of setting up a Website for their business but are uncertain of how to go about doing it. It will also be beneficial to any company or organisation that wants their existing Website to be more effective at attracting potential customers.

Not for download or distribution.

03 December 2012

Course Duration (Avg Learner):

Minimum Grade/Class Level:

Elīna Ciunele Latvia It gives you a very basic information about online business and google products 2016-07-19 12:07:00

Esther F United Kingdom Loved this course. It was simple and straight to the point. I loved the fact that we were given practical steps to take. Would highly recommend. 2016-07-15 18:07:06

Sonya Rooks United States of America Really informative. Thanks 2016-07-14 21:07:00

Jens Abustan [[]] To learn a lot of ideas about online business 2016-07-07 04:07:51

Jens Abustan [[]] To build a business through online 2016-07-07 04:07:29

Said Fuad Kenya Very informative 2016-07-04 13:07:14

Suzanne Sanders United States of America Good review of the processes; however, feel a bit outdated. Nevertheless, as always–appreciate the leg up folks! 2016-06-07 00:06:26

Rachit Gupta India It was a great Learning Experience. 2016-05-27 10:05:08

Lim Chieh Fu United States of America A nice course, just my opinion, maybe can add more information about how to do online businesses, such as selling, transactions, marketing. Thanks Alison! 2016-05-27 07:05:13

Ajmal Ashraf India It’s a good course mentioning the “GOOGLE” way of setting up online businesses. 2016-05-26 20:05:21





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How to create an invoice #starting #a #small #business

#business invoices

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How to create an invoice

Last Updated: 7 July 2016

If you re providing a tax invoice, there are some things you need to include on it for it to be valid. Ensuring your invoices are correct and complete will help you claim your full tax entitlement.

Custom designed invoices

Voluntary standards apply to the layout of tax invoices to help make it easier for your customers to locate important information. If you plan on creating a custom design for your invoice, it s recommended that you follow these voluntary standards as a guide.

Features such as business logos, paper colour, font style, advertising and other additional content on your invoices are not affected by these voluntary standards.

For regular invoices (not tax invoices), it s recommended that you also use these standards as a guide, though you re not required to do so.

What to include in a tax invoice

Tax invoices must include at least seven pieces of information to be valid. Depending on the value of the invoice and what was sold, there may be more requirements.

For sales of less than $1 000, the seven details are:

  1. The words Tax Invoice must be used preferably at the top.
  2. Your identity as the seller, such as your business name or trading name. Contact details are optional, but recommended.
  3. Your ABN or ACN.
  4. The date the tax invoice was created.
  5. A brief description of the items sold, including quantity and price.
  6. The GST amount (if any) payable. You can display GST for each item in a separate column, or within the total price. If you choose not to display it separately, use a statement such as Total includes GST as this is needed for the next detail.
  7. The extent to which each item sold includes GST. You ll meet this requirement if you either:
    • show the GST amount for each item
    • clearly state that the total price includes GST.

Tax invoices for sales of $1 000 or more also need to show the buyers identity or ABN.

Examples of tax invoices

Check out the ATO s website for examples of tax invoices, including examples for the following scenarios:

How can I send my customers their invoices?

The way that you provide your customers with invoices is generally your decision. Depending on the circumstances, you could choose to send your invoice via post, fax, email, printable web page or provide it face to face.

Regardless of which method you choose, sending the invoice at the time of purchase is recommended to encourage prompt payment. If your customer requests a tax invoice from you, there is a requirement that you provide it within 28 days of the request. Your method of delivery should take this into account.

The method that you choose must also allow for record keeping requirements to be met.

Record keeping requirements

By law, you re required to keep business records for at least 5 years. Whether you keep printed or electronic records is up to you.

You need to keep all invoices for income you ve received and payments you ve made to others. These will help you prepare your Business Activity Statement (BAS), income tax return and other tax obligations.

Check out the ATO s Manage your invoices, payments and records for more information on these requirements.

Dealing with unpaid invoices

There are a number of ways that you can deal with unpaid debts and customer disputes. Read our managing unpaid debt page for helpful tips and resources.

You can also check out our case studies on payment disputes for independent contractors.

What happens if the tax invoice is incorrect?

If the tax invoice you sent is incorrect or incomplete, it s not a valid tax invoice. You ll need to replace it with a complete and correct tax invoice.

If you receive a tax invoice with missing information, you can still treat it as a valid tax invoice if you re able to find the information within other documents the supplier has given you. Alternatively, ask for a new one with the correct information.

Tips for invoicing

By following some simple tips, you can help boost your cash flow and reduce the risk of unpaid invoices. Try the following when sending your next invoice:

  • Include your payment terms on the invoice and ensure your customer is aware of them. For example, requiring payment to be made within 30 days of receiving a correct, valid tax invoice.
  • Be timely and predictable. Being prompt when sending your tax invoice ensures that you re paid as soon as possible. If you need to send invoices on a regular basis, try sending them at the same time of day so that your customer knows when to expect them.
  • Offer a variety of payment options and state these on your invoice.
  • Try sending your invoices via email. It can decrease the chance of your invoice being lost in the mail and help encourage a prompt payment.
  • Be detailed in your item description field. Being detailed and providing a full account of the product or service you provided can help reduce the chance of a dispute.

What to do.

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4 Steps to Starting an Online Business #business #invoices

#start online business

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4 Steps to Starting an Online Business

In many ways, starting an online business is similar to starting a brick-and-mortar store. You’ll plan your business, organize your funding, produce your product, and get to work. But, there are unique aspects of running an online-only business that would-be entrepreneurs need to consider.

I’ve laid out a few of the various types of online businesses that you might be interested in starting, both those based around existing platforms like Etsy and eBay, and self-hosted eCommerce sites. We’ll also go over the process for starting an online business, and the steps you’ll need to take to get your business up and running.

In addition, you’ll find links throughout this article to other Bplans articles, which you’ll definitely want to check out. They’ll help you go into more detail about the different aspects of starting your online business, such as setting up your website and how to register your business name.

The different types of online businesses:

Wondering what type of online business to start? There are a few different options, and the best type to start will largely depend on your specific business, and what it is you’re selling.

An eCommerce site:

An eCommerce site is the most direct form of online business you can start; with a self-hosted eCommerce site, you will be selling your goods and services directly to your customers, without a “go-between” such as eBay or Etsy (we’ll get to those more later).

The best part about a direct eCommerce site is the level of control you have over your store. You’ll be able to customize virtually all the options when setting up your own eCommerce site, such as the complete look and feel of your store, but this flexibility makes the process that much more complicated, too.

Your biggest considerations with an eCommerce site will be setting up your website to offer the best user experience. Choosing the right web design is crucial, as is making sure that your shopping cart software is well-suited for your business. Be sure to check out the various shopping cart options available—from Shopify to X-Cart and many more.

An Etsy store:

An Etsy store is, by comparison, relatively easy to set up. The format of an Etsy store remains relatively similar store to store, though you will have the ability to customize your layout a little. However, all customers will buy through the Etsy interface, and the legwork to get your site up and running is minimal. This may be a positive or a negative to you, depending on how much control you wish to maintain over your site.

The biggest consideration, aside from the lack of flexibility? Etsy is a site for creative types, and focuses on handmade items. Now, if you sell handcrafted goods, resell vintage items, create and sell your art, and so on, you’ll fit in on Etsy no problem—in fact, it might be perfect for you.

But, if what you’re selling will be mass-produced, you’ll want to steer clear; although Etsy has recently made it clear that while they allow their sellers to potentially partner with outside businesses to make their products, mass-produced goods are not welcomed on Etsy.

An eBay store

Similar to Etsy, starting an eBay store has some significant advantages, which are also at the same time potential downsides. As with Etsy, you won’t have to set up a website, customize your online storefront, or choose a shopping cart software—when you use eBay to sell your products, that’s all included.

However this means, like Etsy, that your customers will have to go through eBay to buy from you, and you’ll also have little control over the visual layout of your store. As with Etsy, this may be a pro or a con for you, depending on your business.

Unlike Etsy, there is no stipulation with eBay stores that the goods be handcrafted or vintage resale. However, there are still certain items that are prohibited, so make sure to look into the details of selling on eBay before you decide that it’s the right choice.

A site with no physical goods sold

That’s all fine and good, but what if you’re not selling physical goods, but rather consulting or other services?

If your business still needs to accept payment via your site, you’re most likely better off setting up your own website, with a very simplistic shopping cart software. However, Etsy is home to plenty of web design businesses, for example, so this platform isn’t altogether out of the question.

Steps to starting an online business:

1. Plan your business

Like any business, you’ll need a plan. Your planning process should include thorough market analysis, plans for how you’ll fund product production, and perhaps a SWOT analysis to begin your planning process.

2. Write your business plan

Once you’ve done a bit of preliminary planning, it’s time to write your business plan. Unless you’re asking for funding from the bank, an investor, or have a similar “business plan event” coming up, you’re better off sticking to a lean business plan. A lean plan is quicker and easier to write, and distills your plan down to the essentials.

3. Register your domain name and set up your website

If you’ve chosen to set up your own eCommerce site outside of a platform such as eBay or Etsy, you’ll want to make sure your chosen domain name is available and ready for use. Once you’ve secured it, the process of setting up your business website begins. You can choose to outsource this to a professional, or DIY it with our handy guide.

4. Make it legal

There are a few steps you’ll have to take to make sure your business is legal. While generally speaking, the same rules apply for online businesses as brick-and-mortar businesses, there are a few subtle differences:

Read up on online business regulations

The most important distinction when it comes to doing business online versus in person is online business law. These laws regard the distribution of your customers personal information, as well as other privacy and intellectual property regulations. The SBA gives a thorough rundown of the specifics of online business law, so make sure to brush up on them before you start your online business.

Visit your secretary of state’s websitefor state-specific requirements

State specific requirements will, naturally, vary state by state. For instance, you’ll be required to collect state sales tax from your customers. Visit your local secretary of state office’s website for more information on compliance at a state level.

Learn about tax obligations for running an online business

Do you operate your business from your home? If you run an online business, it’s likely. As such, you may be eligible for certain tax deductions. You’ll additionally be required to pay income tax, so before setting up your online business, it may be a good idea to consult with a lawyer and make sure that you’re all covered going forward.

Ultimately, starting an online business is very similar to starting a business with a physical storefront. The planning and legal aspects remain similar; while you may not be faced with the prospect of finding a retail location, you’ll still want to make sure you’ve got a solid plan for your business, a great website, and have dotted all your i’s and crossed your t’s before you start selling.

However, while starting an online business does involve some initial legwork, the low cost of overhead and flexibility of the platform make starting an online business a great choice for many entrepreneurs.

Do you have questions on starting an online business, or tips to offer fellow entrepreneurs?

How LivePlan makes your business more successful

If you re writing a business plan you’re in luck. Online business planning software makes it easier than ever before to put together a business plan for your business.

As you ll see in a moment LivePlan is more than just business plan software though. It s a knowledgable guide combined with a professional designer coupled with a financial wizard. It ll help you get over the three most common business hurdles with ease.

Let s take a look at those common hurdles and see how producing a top notch business plan sets your business up for success.





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An Overview Of Corporate Bankruptcy #business #tax

#business bankruptcy

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An Overview Of Corporate Bankruptcy

If a company you’ve got a stake in files for bankruptcy, chances are you’ll get back pennies to the dollar. Different bankruptcy proceedings or filings generally give some idea as to whether the average investor will get back all or a portion of his investment, but even that is determined on a case-by-case basis. There is also a pecking order of creditors and investors of who get paid back first, second and last. In this article, we’ll explain what happens when a public company files for protection under U.S. bankruptcy laws and how it affects investors.

Two Major Types of Bankruptcy
Chapter 7
The U.S. Securities and Exchange Commission states that under Chapter 7 of U.S. Bankruptcy Code “the company stops all operations and goes completely out of business. A trustee is appointed to liquidate (sell) the company’s assets, and the money is used to pay off debt”. The investors, or creditors, who take the least risk are paid first.

For example, investors who take a relatively reduced risk in the company by purchasing corporate bonds must forgo the potential of seeing any excess profits the company may earn in the future. For the higher safety of the bonds, the investors agree to receive, at most, their specified interest payments. Equity holders, however, have the full potential of seeing their share of the company’s retained earnings. which would be reflected in the stock’s price. But the tradeoff for this possibility of boosted returns is the risk that the stock may lose value. As such, in the case of a Chapter 7 bankruptcy, equity holders may not be fully compensated for the value of their shares. In light of the risk-return tradeoff. it seems fair (and logical) that shareholders are second in line to bondholders when a bankruptcy does occur.

Secured creditors. who are even more risk-averse than regular bondholders, accept very low interest rates in exchange for the added safety of corporate assets being pledged against the company’s debt. Therefore, when a company does go under, secured creditors receive priority and are paid back before any regular bondholders begin to see their share of the pie. This principle is referred to as absolute priority. (For more insight, read the Stocks Basics Tutorial .)

Chapter 11
This proceeding of the U.S. Bankruptcy Code involves the reorganization of the debtor ‘s business affairs and assets. The company undergoing Chapter 11 expects to return to normal business operations and sound financial health in the future. It’s generally filed by corporations that need time to restructure debt that has become unmanageable. Chapter 11 gives the debtor a fresh start, which depends on the debtor’s fulfillment of obligations under the reorganization plan. A Chapter 11 reorganization is the most complex and, generally, the most expensive of all bankruptcy proceedings. It is therefore undertaken only after the company has carefully analyzed and considered all alternatives.

Chapter 11: The Drink of Choice
Public companies tend to try to file under Chapter 11 rather than Chapter 7 because it allows them to still run their businesses and control the bankruptcy process. Rather than simply turning over its assets to a trustee, a company undergoing Chapter 11 has the opportunity to restructure its financial framework and be profitable again. If it fails, all assets are liquidated and stakeholders are paid off according to absolute priority.

Keep in mind that Chapter 11 isn’t a get-out-of-jail-free card. When a company files for Chapter 11, that company is assigned a committee that represents the interests of creditors and stockholders. This committee works with the company to develop a plan to reorganize the company and to get it out of debt, reshaping it into a profitable entity. Shareholders may be given a vote on the plan, but as their priority is second to all creditors, this is never guaranteed. If no suitable reorganization plan can be prepared by the committee and confirmed by the courts, shareholders may not be able to stop their company’s assets from being sold off to pay creditors. (For related reading, check out Finding Profit In Troubled Stocks .)

How It Affects Investors
As an investor, you are between a rock and a hard place if your company faces bankruptcy. Clearly, nobody invests money into a company, whether through its stock or its debt instruments. expecting the company to declare bankruptcy. However, when you venture outside of the risk-free realm of government-issued securities, you are accepting this added risk.

When a company is going through bankruptcy proceedings, its stocks and bonds usually continue trading, albeit at extremely low prices. Generally, if you are a shareholder. you will usually see a substantial decline in the value of your shares in the time leading up to the company’s bankruptcy declaration. Bonds for near bankrupt companies are usually rated as junk.

When your company goes bankrupt, there is a very good chance you will not get back the full value of your investment. In fact, there is a chance you won’t get anything back. Here is how the SEC summarizes what may happen to stock- and bondholders during Chapter 11:

“During Chapter 11 bankruptcy, bondholders stop receiving interest and principal payments, and stockholders stop receiving dividends. If you are a bondholder. you may receive new stock in exchange for your bonds, new bonds or a combination of stock and bonds. If you are a stockholder, the trustee may ask you to send back your stock in exchange for shares in the reorganized company. The new shares may be fewer in number and worth less. The reorganization plan spells out your rights as an investor and what you can expect to receive, if anything, from the company.”

Basically, once your company files under any type of bankruptcy protection, your opportunities and rights as an investor change to reflect the bankrupt status of the company. While some companies do indeed make successful comebacks after undergoing restructuring, you need to realize that the risks you accepted when you invested in the company can become reality. And if your stake in the pre-Chapter 11 company ends up being worth anything in the restructured firm, chances are it won’t be as much as it was when you first entered your position and it won’t be in the same form.

During Chapter 7 bankruptcy, investors are considered especially low on the ladder. Usually, the stock of a company undergoing Chapter 7 proceedings is usually worthless, and investors lose the money they invested. If you hold a bond, you might receive a fraction of its face value. What you receive depends on the amount of assets available for distribution and where your investment ranks on the priority list on the first page.

Secured creditors have the best chances of seeing the value of their initial investments come back to them. Unsecured creditors and shareholders must wait until secured creditors have been adequately compensated before they receive any compensation for the loss of their higher-yielding investments. Because equity owners are last in line, they usually receive little, if anything.

Conclusion
From an investor’s point of view, there isn’t much good to say about bankruptcy. No matter what type of investment you made in a company, once it goes bankrupt you are probably going to get a lower return on your investment than you once expected. As an individual investor, you don’t have any more say in a company’s restructuring plan than you do in any other corporate actions on which shareholders vote.

In general, Chapter 11 is better than Chapter 7, but in either case you shouldn’t expect much of your investment back. Relatively few firms undergoing Chapter 11 proceedings are able to be profitable again after a reorganization; even if they do become profitable again, it is not a quick process. As an investor, you should react to a company’s bankruptcy the same way you would if one of your stocks took an unexpected dive: recognize and accept the dramatically reduced prospects of the company, and ask yourself whether you still want to be invested in the company. If the answer is no, let go of your failed investment – holding on while the company undergoes bankruptcy proceedings will only lead to sleepless nights and perhaps even greater losses in the future.





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How Much Can You Make with an ATM #free #business #forms

#atm machine business

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How Much Can an ATM Machine Make

How much you can earn in the ATM Business depends on where the ATM is located and if it is needed. The main thing to remember about the ATM Business is that it’s just like real estate. Location, Location, Location.

ATM’s can be installed anywhere in the USA. Inside or outside any retail merchant location including but not limited to Restaurants, liquor stores, convenience stores, fast food restaurants, quick service restaurants, casual dining, bars, night clubs, train stations, football or baseball stadiums, concert venues, adult themed locations, Hotels, Hospitals, Condo complexes, Apartment Complex, High Rise Apartment Buildings, coffee carts, mobile events, mounted in trailers, mounted on the back of food trucks, you name it. Anywhere people need access to cash, an ATM can make you a passive income .

If you answer yes to any of these questions, Get our new book The Amazing Money Machine on Amazon now.

  • I m a retail merchant looking to increase profits.
  • I m an entrepreneur looking for a new business opportunity.
  • I m an investor looking to diversify and maximize annual returns.
  • I already operate an ATM Business and I want to put more money in my pocket.
  • I m an individual looking to make some passive income and would like information about the ATM Business.
  • I m an individual, business owner, or part of a group that has locations that need ATMs.

How much can an ATM make?

Well, It’s all about foot traffic, a reason to need money, and other available payment methods. Sometimes just having a lot of people walk by or see the ATM can mean the difference between a good

The ATM Industry has a “rule of thumb” formula that many Independent ATM Deployers “IADs” use as a general rule to determine if a location would be a good candidate for an ATM machine. There are two different schools of thought on this rule, and obviously since there are many unknown variables, no location is a guarantee using these formulas but it’s better than a WAG (wild ass guess).

    • The first rule of thumb, or formula says that 3 – 5% of people that actually see an ATM machine in an establishment will likely use the ATM. Say for example, your location has an average of 200 customers visiting each day. One would expect, or speculate that approximately 8 of those 200 people would use that ATM daily.
        • You could then take those 8 people, multiply it by the amount of surcharge, then take that figure and multiply it by the number of days of business (how many day’s the location is open) in the year. This will give an ATM owner, or perspective owner, an estimate on how much revenue could be generated from the machine in a year’s time.
        • However, most ATM business owners want to calculate monthly revenue and income.
    • The 2nd rule of thumb follows the norm that the number of adult patrons an establishment has in a given day, that same number plus or minus 10% will use the ATM on a monthly basis. I prefer this rule of thumb and if the establishment accepts credit cards or gives cash back at the point of sale (POS), the lower end of the rule would apply and it might even reduce the number by as much as 20% – 40%.
    • A similar formula is used for hotels or big commercial buildings. With hotels, we take the number of rooms, times the occupancy rate and apply the same plus or minus 10% rule. So if the hotel has 150 rooms with an 80% occupancy rate one might expect 110 – 135 monthly transactions, however if the hotel has any events or banquet rooms, that number would scale higher during those times.
        • Similarly with commercial buildings (office building for example) you might take the total number of employees working in the building and using the yearly formula based on how many days a year the companies occupying the building are open. If there is a cafe or for profit cafeteria in the building the estimates would be higher.

Think about it this way. Some of the best locations are where there is a high need for cash and no credit cards are accepted. Swap meets, events, and street fairs, are all great but very temporary. That would be a mobile ATM business which we can also show you how to operate.

We’ll try to boil this down and make it simple. At the very least, if you’re a retail merchant, and you don’t already own an ATM, you could purchase the hardware from anyone (even from us) and once you set up the ATM processing it should at least pay for itself in as little as a few months.

You’ll also need a communication method so the ATM can talk to our processing center. You can choose from a dedicated standard phone line (but since it calls a toll free or local number you’ll just have the cost of the line, no tolls), Internet Service (if you have a high speed model or DLS with a router, you can hard-wire the ATM to your current internet), or you can choose our wireless cellular service which is often less expensive than a phone line and lightening fast.

With the advent of VoIP and certain devices if you have a computer close to the ATM you could potentially use a Magic Jack or other device as long as the ATM can hear a dial tone or pre-dial to get a tone (like dialing a 9, although not as reliable, it would still work). However, intermittent communications can cause more problems that they save you. If there is an issue with communications, transactions could be slow or worse they could be interrupted and customers would not receive money from the ATM getting upset.

If you have a fast internet connection and you purchase one of the new ATMs which includes internet processing, or get a separate wireless device ATMDepot can handle the rest for you. In order of ranking communications as far as ease, cost, and reliability.

    • Wireless Device is preferred and is the most reliable.
    • Next would be your own Internet service with a hard wire to the ATM Machine.
    • Lastly, a standard Dial up Phone line, but this method causes the most communication issues.

If you don’t have an ATM or are considering getting into the ATM business to earn some extra cash or a passive income, you just need to be sure that a minimum of at least 3 – 4 people per day would use the ATM every day (if available 7 days per week).

Obviously if you’re a retailer and are open 10 hours a day that’s just one person using the ATM every few hours. If you’re considering a through the wall machine that faces outside it will be available 24 hours a day but those machines need at least 8 – 10 people per day to make financial sense.

If you already have an ATM or are already in the ATM business and are looking to switch your ATM processing services (you need to check your current ATM agreement for termination clause) you could take advantage of our higher revenue sharing without any costs to you and put more money in your pocket.
If you don’t have an ATM, you can review our ATM Machine equipment options or call us for advice.

Let’s say for example you purchase the new Hyosung Halo. You can install it yourself, but we recommend you let us arrange to have a professional install it and train your staff. This ATM can use wireless communications technology which is under $20/mo so no phone line is required.

We also have a Triton ATM for under $2,500 and carry the full line of Hantle and Genmega ATMs. You will probably invest between $2,250 – $3,500 in good ATM machine by the time you’re done with professional installation, signs, or anything else extra you may want for your ATM Business.





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Manage an ATM Business, ATM Machine Opportunities #sell #a #business

#atm business

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ATM BUSINESS OPPORTUNITIES

Your ATM Business.
Our Expertise.

Are you an entrepreneur? ATMs offer a business opportunity with amazing potential to convert your existing business relationships into revenue. With our expert help, you can start and manage your own profitable ATM machine business .

Our ATM management solutions are all designed to maximize customer success and make business easy.

Start, build and manage your own ATM business

Do you know businesses that need, but don’t have an ATM? Do you work with retailers who already have an ATM, but would be willing to change processing or maintenance to consolidate their vendors to a single trusted source (you)?

PAI can help you start and manage your own ATM business through ATMs you own, sell to merchants, or convert to PAI for processing.

Curious about learning more? Call PAI today at 877.271.2627 or fill out our contact form to discuss this opportunity with one of our ATM experts with no obligation. We will help you understand how to operate a successful ATM machine business!

Contact Payment Alliance International





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Why Your Business Phones Need an Upgrade #office #depot #business

#business phones

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Why Your Business Phones Need an Upgrade

The big issue for business is staying on top of its communications requirements. New technology is driving old phone systems beyond their design capabilities. The need now is for business phone systems which are scalable and customizable to manage real business operational needs.

The simple fact is that the baseline needs of business commercial systems are expanding. They need to be able to do a lot more, and manage much bigger demands. The office in your pocket approach to mobile systems alone is creating a reciprocal need for much better phone systems in-house. The big shift in commerce to eCommerce is adding a gigantic extra load on its own.

The point here is that more business equates to more demand for communications and increasing diversification of the need for different services. The time is long past since the days when a simple phone system of the old type can handle the multi-level range of communications a typical business experiences every day.

If you put all your different communications through a single stream system, the result is a range of obstacle courses. The new approach is to create dedicated servers (also known as private servers in the communications industry) to separate and manage the workloads. This is infinitely more efficient and far more productive than the stunningly slow and seemingly procedurally-obsessed single stream systems can ever be.

Consider this situation:

  • A call center receives 5000 calls a day for multiple clients.
  • On the receiving end of these calls are specialists, trained to manage specific tasks.
  • If these calls are managed on a single stream basis, the result is instant inefficiency. It s an entirely inappropriate system for a big call stream.
  • The calls need to be efficiently split up into their proper streams by definition.

This is just a bigger version of the basic issues for any business phone system. Whether you re NASA or a local grocery, you need your calls to get from A to B ASAP. It s impossible to justify the sheer waste of time and money in a phone system which effectively creates delays and a working backlog of business which could and should have been done a lot faster.

Upgrading for Better Business

The new options for telephone systems include two fundamentally different improvements. These are significant upgrades by nature, and they can set up a business system to operate on a fully customized, business-specific configuration with almost no effort required.

  • Private Servers: These are the real fixers for any business phone issues. Dedicated servers are not simply more efficient . They re real managers of communications workloads. They improve response times and service quality dramatically.
  • Contact Centres: The contact centres will ring more than a few bells with project managers and other businesspeople who know what managing a very diverse range of business operations involves. Contact centres are virtual phone systems, configurable to any operational requirements. They can literally create a working call center out of a box. If that sounds a bit different, you can also see the instant business applications.

Add both private servers and contact centres to your phone system, and you’ve achieved a major upgrade, scalable and appropriate for your business, both now and in future. This is good business, and these are the communications systems of the future.

Kushal Tomar is a valued contributor for CosmoBC’s TechBlog. You can follow him through the buttons below. View all posts by Kushal Tomar





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How To Start An Import #new #business #plan

#import export business

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How To Start An Import/Export Business (Part 1 of 2)

Updated August 07, 2016

So you want to sell to the world? You’ve come to the right place. Thanks to the Internet, setting up an import/export business can be ridiculously simple and very profitable. Here are ways to make it happen.

• Select your business name and set up a website and blog.

Without a website or blog, you can t have a networked import/export business. Get yourself a platform that allows you to develop a presence online and grow your business beyond your wildest imagination.

The goal is to balance the flow of communications, sell products online (or offline) and build your customer base to drive profits for your international business.

But first, remember to register your business name with a reputable web host because your domain name is what customers use to find you and your business. And it can’t hurt to consult with an international lawyer, banker and accountant for advice on establishing a virtual import/export business and keeping it in the best legal and financial position possible.

A couple of places to get started with a website are Network Solutions. Go Daddy. Intuit and Verio. All offer domain name registrations and affordable website hosting packages with easy-to-use site building capabilities.

To create a professional blog, which allows a continuous flow of engaging communications, try Blogger. Typepad or WordPress. These services allow you to create a blog in minutes with stunning designs, reliable hosting and on-demand tech support.

Now you are ready to share your business expertise and capabilities and sell to the world.

• Pick a product to import or export.

When it comes to importing and exporting, you cannot be all things to all customers. Decide on something and stick with it.

You have two viable reasons for choosing a product to import or export: you know it will sell or you like it.

Hopefully, you can meet both criteria. That’s an ideal business model. Would you buy it if you saw it in another part of the world? Then you are on to something!

• Find the right market.

You’ve selected a product, now you must look for someplace to sell it! You will improve your odds of picking a winner if you cultivate a knack for tracking trends, or even spotting potential trends. Getting in on the ground floor and importing or exporting a product before it becomes a super-seller in a country could be the business breakthrough of a lifetime!

Do the homework and research the market beforehand to locate the best potential foreign market for your product or service. Two places to check are The World Bank’s Ease of Doing Business and globalEDGE’s Market Potential Index.

You might also check with local government officials to best determine sources for conducting market research. For example, in the United States, there are the Department of Commerce International Trade Administration’s Data and Analysis and the U.S. Census Bureau Foreign Trade. which governs the reporting of all import/export statistics.

These resources are helpful for determining where in the world products and services are moving to and from, and why and how to get in on the action.

Once you have a likely import or export product in mind, learn everything there is to know about it. If you were its creator, how would you improve it? Go to a manufacturer and suggest product improvements to turn a mediocre product into something slightly ahead of its time. Your suggestions might mean the difference between a Sony Walkman and an Apple iPod.

The easiest access to reputable suppliers might be Alibaba. Global Sources. and Thomas Register. There are others, but these three are considered the holy grail to finding high quality suppliers. manufacturers, exporters, importers, buyers, wholesalers and trade leads.

In continuation to our first installment which covered how to start and map out an import/export business, here we provide the sales and distribution aspects of establishing an import/export business.

The business model for an import/export business is based on two critical elements within the international sales operation.

1. Volume (number of units sold).
2. Commission on that volume.

The goal is to price your product in such a way that your commission (markup on the product to customers) does not exceed what your customer is willing to pay and offers you a healthy profit. Typically, importers and exporters take a 10% to 15% markup over cost, which is the price a manufacturer charges you when you buy a product from them.

The more you sell, the more you make. Keep your product pricing separate from logistics because, at some point, you combine the two to determine a landed price per unit. A good transportation company can assist here. Don’t let this part intimidate you!

Provided you have done a good job with search engine optimization on your blog or website, customers will find you. But don’t rely on it. You should also go hunting for customers! Check with local contacts, such as trade organizations, Chambers of Commerce. embassies and trade consulates. They generally have a good sense of who’s doing what in the international marketplace. They can offer contact lists specific to your industry and also suggest trade shows that are taking place locally and internationally that might help you connect with customers in a faster and more efficient manner.

An excellent service on the exporting end is the U.S. Commercial Service (CS) Gold Key Matching Service. The U.S. CS can help you find potential overseas agents, customers, distributors, sales representatives and business partners.

At the same time, work your social media and networking platforms (your blog, Facebook, LinkedIn and Twitter) by posting information about your product or service and asking specific questions about your audience s needs. This gets the conversation going and keeps it going while making sure it s related to your business. The point is to keep your business on the minds of potential customers worldwide.

• Transport your products.

Your next step is to focus on logistics — transporting the product to where you will be selling it. By now, you have located a customer who loves your product, solidified the terms of the sale with them and established a means for getting paid. Now you must move your product.

Hire a global freight forwarder who serves as an all-round transport agent for moving cargo, typically from a factory door to another warehouse. Their service saves you a lot of time, effort and anxiety for a very reasonable fee. Based on information you provide, they take care of all shipping arrangements, which includes but is not limited to handling documentation, arranging insurance, if requested, and determining necessary licenses, permits, quotas, tariffs and restrictions (country regulations). which can be one of the most complicated aspects of importing/exporting for a newbie international trader.

You can find freight forwarders online under “transportation,” or check listings in trade magazines or other international handbooks. Pick two or three that seem like a good fit for your product or shipping destination.

Two well-known companies that are eager to work with brokers, consultants and small businesses are UPS and Fed Express. Either can also assist with getting paid, a critical part of the international sales process.

• Provide great global customer service!

The relationship between you and your overseas customer shouldn t end when a sale is made. If anything, it requires more of your attention.

Think of your after-sales follow-up on your import/export business as part of your product or service offering. The first step is to say, wholeheartedly — whether in person, via Skype, by email or telephone — Thank you for your business! For more on this, take a look at “How to Provide Great Global Customer Service” .

Congratulations! You have officially learned the fundamentals on how to establish an import/export business. Now start booming and go make the world your business!





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