“Business Tips” Posts

Increase Your Profits Using These 6 Inventory Management Tips

Increase Your Profits Using These 6 Inventory Management Tips

Thinking of ways to save money and increase your business profits can be draining. When it comes to a more complex business with an e-commerce site, multiple store locations and the inventory to stock them all, cutting corners is easier said than done. We’ve compiled six inventory management tips that will cut costs and up your revenue, no matter your business size. Eliminate Providers and Integrate What You Need Whether you manage a small shop or a large corporation with various warehouses, it’s likely that you have multiple providers to fulfill your business’s many needs. Of course,…

Why You Should Avoid Annual Billing

Why You Should Avoid Annual Billing

If your business deals with recurring payments for prescriptions, memberships and subscriptions, you may be tempted to practice annual billing. This is when you charge your customer up front for a year’s worth of services or goods. It’s easy to be persuaded by the apparent benefits. For one, by charging your customer up front, you get paid faster. For another, the process of collecting payment once can be more efficient, especially if you have no automated way to collect on recurring payments. The monthly process of printing, mailing and waiting on invoices to be paid — and then chasing…

Why Investing in Customer Service and Support Is a Must

Why Investing in Customer Service and Support Is a Must

It’s no secret that business — in any industry — is extremely competitive. Winning over customers is a constant battle, and businesses are willing to invest a pretty penny if it means driving both consumer and customer attention away from their competitors. But skimping on the quality of your customer support could cost you, no matter how much money you dump into marketing your products or services. According to a study by NewVoiceMedia, U.S. businesses with poor customer service and support lose approximately $41 billion annually. Your customers expect you to help them whenever they need. But if you’re…

A Brief Guide to Writing Invoice Payment Terms

A Brief Guide to Writing Invoice Payment Terms

More often than not, an invoice is the final piece of communication that you’ll have with a customer or client. Much like the efforts made to give a positive first impression, you’ll want to make sure that your customer is leaving with a good feeling about you and your company. To ensure that the transaction runs smoothly and provides a long-lasting, positive impression, you’ll want to make sure the terms you include in your invoice are perfect. This will minimize the risk of any problems arising during the transaction and ensure that payment is fast and without…

7 Email Ideas to Build Awesome Customer Relationships

7 Email Ideas to Build Awesome Customer Relationships

Marketing to and interacting with your customers on an ongoing basis can feel like an uphill climb. There’s so much you can do, so it can be easy to feel overwhelmed. Email is a safe and easy way to start marketing to your customers more effectively, build a relationship with them and gain their loyalty. Your email ideas don’t have to be revolutionary to be effective, and marketing via email is well worth it: The number of emails sent and received per day is expected to reach 246 billion by the end of 2019, according to Radicati. And…