Day: September 17, 2020
Before the pandemic, income growth soared and poverty fell to the lowest rate since 1959.
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Phone communication plays a critical role in today’s business landscape. Practically every business, regardless of size or industry, needs to have a business phone system.
This statement holds true for freelancers and single-member LLCs to Fortune 500 enterprises with thousands of employees across multiple locations.
There’s just one problem—finding the best option for your business. With hundreds, if not thousands, of choices to consider, narrowing down the top pick for your business can feel like a daunting task.
Fortunately, I’ve handled all the heavy lifting for you. After spending countless hours researching and testing different business phone systems, I’ve picked the top six that I can recommend with conviction.
The Top 6 Options For Business Phone Systems
How to Choose the Best Business Phone System For You
Before we get into the specifics of reviewing each business phone system, you need to understand the methodology behind my research. There are certain feature sets and considerations that must be evaluated as you’re shopping around for different plans.
Keep these factors in mind as you continue through this guide and read my reviews.
Generally speaking, there are two main ways to deploy a phone system for your business—cloud or on-premises. Historically speaking, most business phone systems have been on-site. However, cloud systems and VoIP technology have been growing in popularity.
If you don’t want your phone system tied to physical landlines, offices, and specific devices, then cloud deployment is definitely your best option. But if you prefer a more traditional phone line, then on-premises will work just fine for your situation.
Physical Phone Systems
Do you need to purchase physical hardware for your phone system?
Again, if you’re looking for a traditional office phone that’s sitting on a specific desk with a hardwire connection, then you’ll need to buy those phones. In this scenario, it’s usually in your best interest to buy hardware directly from the phone system provider. Hardware is rarely packaged into your plan, so keep that in mind as you’re shopping around. Actual phones, headsets, etc. will cost extra.
The beauty of cloud phone systems is that you can make and receive calls from anywhere. You and your staff can leverage your existing devices for this (laptops, desktops, smartphones, etc.).
Not only will this make your business phone system easily accessible, but it’s also more cost-effective.
User Size and Scalability
How many people will be using your business phone system?
Is it just you? Is it 5-10 people? 500? 5,000? The answer to this question will definitely have an impact on your decision. Certain systems are designed for individuals, while others are made for small teams and small businesses. Alternatively, there are business phone systems designed for huge organizations with thousands of users across multiple locations.
Primary Communication Needs
There are plenty of general-purpose business phone systems. But some are designed with specific use cases in mind.
For example, there are business phone systems for customer support centers, outbound sales, and inbound phone orders. There are even solutions built for internal communication, such as conference calling and video chat.
So determine your primary communication need, then start your search from there.
Lots of business phone systems try to improve their market position by giving you lots of “extras” and features included free in your plan. But these are kind of useless if you’re never actually going to use them.
I’m referring to things like visual voicemail, hold music, automated answering, call forwarding, call attendants, texting, etc. The list goes on and on. These features are either provided all-inclusive with your plan or get offered at tiered pricing levels.
My recommendation is this—don’t pay extra for features you didn’t know existed five minutes ago. Stick to the features you know you’ll use. If you get a few bonus ones, that’s great. But don’t fall victim to great marketing by these providers.
Do you want to keep your existing phone number? Are you looking for an 800 number? Vanity number? Toll-free numbers?
Some of you will be looking for all of these; others just want a single line for basic use. Most business phone systems will offer a wide range of different phone number options. But the pricing and offerings vary from provider to provider.
Just know that you might have to pay extra for things like toll-free calling and international phone numbers.
The Different Types of Business Phone Systems
Business phone systems aren’t really a one-size-fits-all product. Most people don’t realize it, but there are actually several different types of phone systems out there. I’ll explain each one in greater detail below to give you a better understanding as you’re shopping around and evaluating plans.
VoIP Phone Systems
Voice over Internet Protocol (VoIP for short) has quickly become one of the most popular types of phone systems for business users. As the name implies, the system is based on an IP connection. Rather than setting up complicated wires and landlines, a VoIP system just uses the same Internet connection that your organization already has.
VoIP systems are generally cost-effective and easy to set up. However, they rely on a strong Internet connection. So if you have spotty service, this won’t really work for your business.
Analog Phone Systems
Analog systems use POTS—plain old telephone service.
Think of a traditional landline phone system. That’s an analog service. It uses copper lines and connections between your system and carrier. As a result, analog phones have exceptional call quality and reliability.
However, analog phones lack the features associated with newer types of phone systems. They’ll still offer basic phone features (hold, mute, call waiting, speaker, speed dial, redial, etc.), but you won’t get too much more. Overall, analog technology is pretty dated.
PBX Phone Systems
PBX stands for “private branch exchange.” This is also referred to as a digital phone system.
It’s common for PBX systems to have an extensive feature list with lots of applications. These solutions are great for businesses that want to customize their phone system with various add-ons and upgrades.
Hybrid Phone Systems
Hybrid phones offer digital and IP functionality. These solutions have been growing in popularity because of their versatility.
Most business owners that purchase a digital phone system lean towards hybrid options. This will give them the opportunity to expand and scale in the future using IP protocols. It’s also common for hybrid systems to include features like fax and email integrations.
To ensure high-quality voice, the hybrid phone system must have a strong network connection. The quality is limited to the type of phone service that’s delivering it. A robust Internet connection is the best way to ensure call quality.
Cloud Phone Systems
The terms “cloud” and “hosted” are often used interchangeably in the world of business phone services. With a cloud system, you likely won’t need any on-site hardware (aside from your existing routers and data switches).
It’s easy for anyone to manage a cloud phone system, including your staff. All of the customization and management can be handled directly from a simple interface offered by your system provider.
The communication on a cloud phone system relies on a third-party data center (from the company you purchased from) and a stable Internet connection.
#1 – Ooma Review — Best Phone Systems For Small Businesses
Ooma offers VoIP phone systems specifically designed for small businesses. The system is easy to set up, and you can make calls from anywhere using the Ooma mobile app or desktop computer app.
You can completely customize your Ooma phone system based on factors like how many employees need a phone, fax connection, conference calling, physical hardware, and more.
Here’s what I like the most about Ooma’s business phone system:
- Get the system up and running in less than 15 minutes
- Keep your existing number or pick a new one
- Easy to set up a 1-800 or toll-free phone number
- Features like call recording, virtual extensions, overhead paging, and more
- Create “ring groups” (like sales or customer service)
Ooma’s phone system starts at $19.95 per user per month. There are no contracts or hidden fees. You can even get a new phone number for free.
#2 – Freshcaller Review — The Best Business Phone System For Contact Centers
Freshcaller is a bit unique compared to other business phone systems on the market today. This solution is designed specifically for customer support teams.
There are no hardware or download requirements to run Freshcaller. As a cloud-based PBX system, your customer service reps can access the software from anywhere.
40,000+ businesses worldwide trust Freshcaller. If their reputation isn’t enough to convince you, here’s a quick overview of the top features:
- Ability to port your numbers or purchase new numbers from 90+ countries
- Advanced inbound call routing capabilities
- Supervisor controls for conversation monitoring, call queues, and more
- Easy to use for remote customer service teams
- Smart escalations, call transfers, agent notes, and conferences
- Use AI voice bots to engage with your customers
While Freshcaller is definitely geared towards support teams, the phone service could double as a solution for sales representatives as well.
Local phone numbers start at $1 per month, and incoming calls start at $0.016 per minute. You can try Freshcaller free for 21 days.
#3 – Dialpad Review — Best Business Phone System For Remote Teams
Dialpad is another modern business phone solution. This provider leverages cloud technology and VoIP for their phone systems.
Plans start at $15 per user per month, and you can try it free for 14 days.
Dialpad has carved out a niche in the remote work space. A quick visit to their website, and you’ll see #WorkFromAnywhere plastered in big letters on the homepage.
These are some of the reasons why I recommend Dialpad:
- Easy to deploy, add users, and change numbers in real-time
- Seamless integrations with tools like Zendesk, Salesforce, G Suite, and more
- SMS, MMS, and group chat business messaging
- Create smart call routing paths to the right sales rep, agent, or operator
- Tools for sales, contact centers, and conference calling
More than 70,000 organizations across the globe use Dialpad. So you know that it’s a trustworthy and reliable business phone system.
#4 – RingCentral Review — The Best Business Phone System For Larger Organizations
RingCentral has quickly become one of the most popular service providers in the business communications space. They have a wide range of solutions based on company size, industry, and business needs.
You can use RingCentral for cloud phone systems, video conferencing, remote customer service, contact centers, global expansion, and more.
Used by 400,000+ businesses in nearly every category you can imagine, RingCentral is an industry leader in this space.
Popularity aside, these are some of the other reasons why I like RingCentral so much:
- Deploy new users and start scaling in minutes
- Auto-receptionist, shared lines, and extensions to ensure you never miss a call
- High-quality audio
- Ability to switch live calls between mobile and desktop with just one click
- Automated visual voicemails
- Set up local phone numbers from 200+ area codes
- Robust admin portal for dynamic call routing, usage monitoring, and quality control
- 24/7 customer service from RingCentral’s friendly team of experts
Overall, RingCentral’s extensive feature set is definitely designed for larger teams. They do have plans for small businesses, but most smaller teams don’t need these extra features.
RingCentral starts at $19.99 per user per month. Try before you buy with a 15-day free trial.
#5 – Line2 Review — Best For Individuals and Small Teams
Line2 is exactly what it sounds like. This business phone system makes it easy for anyone to add a second line to their existing phone.
Your new business phone number can easily be managed directly from the Line2 mobile app.
The entire process is as simple as 1, 2, 3—sign up, choose a number, and download the app. That’s it! Now you’ll be able to make and receive business calls from your smartphone without giving away your personal phone number.
Other features worth mentioning include:
- In addition to smartphones, Line2 works on Macs, PCs, and tablets
- You can continue to add multiple lines as you scale your business
- It’s easy to deploy with no hardware or IT requirements
- Line2 is always coming out with new calling and messaging features
Overall, the concept behind Line2 is pretty straightforward. It’s perfect for individual users, freelancers, and small business owners.
Plans start at just $9.95 per month with a 30-day money-back guarantee.
#6 – Intermedia Unite Review — The Best All-in-One Business Communication Platform
Intermedia Unite is more than just a PBX business phone system. You’ll also get tools for video conferencing, live chat, file management, and screen sharing.
All of these features are bundled into a fully integrated unified communication and collaboration platform.
If you’re just looking for a basic business phone system, this option probably isn’t for you. But for businesses seeking an all-in-one solution, I can’t really name a better option than Intermedia Unite.
- Auto attendant for connecting customers with the right person
- Wide range of integrations for building efficient interactions
- The system works from the Intermedia Unite mobile app and desktop app
- Phone support on pre-configured desk phone devices
- Award-winning customer service, 24/7
- Admins benefit from custom management tools and actionable analytics
Intermedia Unite pricing starts at $27.99 per month per user. It’s a bargain, considering all of the features you’re getting in this package.
To say you have lots of options to consider for a business phone system would be a drastic understatement. But by using this guide, you’ll be equipped to make the right decision based on your needs.
In a market that’s saturated with phone systems for businesses, I really only like the six options reviewed above.
So start your search there, and use the buying guide outlined earlier in my guide. This will steer you in the right direction.
It’s hard to believe Instagram started in 2010. It has turned into a marketing powerhouse.
There are 1 billion monthly active Instagram users, and more than half of them use the platform every day. US businesses also love the social channel, and about 71% use it to connect with their market.
There’s just no denying the power of Instagram in this social media age.
As the site continues to grow exponentially, businesses and brands everywhere are also leveraging the social network by working with Instagram influencers.
So, how do you go about finding the best Instagram influencers for your marketing campaigns?
Why You Need Instagram Influencers
To appreciate how powerful Instagram is, you first need to understand what engagement rates are and what they mean for your marketing campaigns.
Engagement rates refer to the number of likes, comments, and shares an influencer gets when posting content online. It turns out Instagram has the highest engagement rates of any social network.
Higher engagement rates mean that when you work with influencers on Instagram, their followers will more interact notice content than on Facebook.
People Learn About New Brands From Instagram
Another eye-opening statistic is how influential the platform is in helping people learn about new brands.
For instance, 60% of Instagram users say they learn about new products on the social network.
This is excellent news for startups and small businesses.
While digital marketing has opened the door to businesses of all sizes to connect with their markets in a more affordable way than traditional marketing, the reality is, the playing field isn’t level.
Big companies and organizations have bigger budgets. They can generally put larger teams behind their marketing campaigns and quickly raise awareness about their new products as a result.
On Instagram, users frequently notice new brands and products—sometimes even those without all the bells and whistles of a full-blown marketing campaign.
Many Users on Instagram Have Disposable Incomes
It’s great that there are high engagement rates and people can learn about your products from Instagram. But the perhaps most important data is that a good number of Instagram users have money—and they’re willing to spend it.
A study from Snowmad found Instagram is used by:
- 31% of people who garner more than $75k annually
- 32% of people who earn $50k to $74k annually
- 32% of people who make $30k to $49k per year
Additionally, 70% of Instagram users browse products on the site, and 80% follow at least one brand.
All these numbers are great for brands that want to raise brand awareness and make sales.
But one thing isn’t so clear – how do you begin to find the right influencers who will make sense for your brand and bring in great ROI?
How to Find Instagram Influencers For Marketing Campaigns
Did you know there are 500,000 active influencers on Instagram?
Although there are many influencers to choose from, they’re not all created equal. In addition to varying amounts of reach, many are probably not right for your brand.
This step-by-step guide is here to help you connect with influencers who are followed by your target audience.
Outline Your Goals and Metrics
First, you need to decide what this Instagram influencer campaign is all about.
- Are you trying to drive sales?
- Is it about raising brand awareness?
- Are you about to launch a new product?
Your goals form the core of your campaign, and these goals should guide every decision you make.
In addition to understanding your goals, you also need to define your metrics clearly. How will you measure the success of your Instagram marketing campaign?
Let’s say you’re working for a youthful beauty brand that is releasing a new selection of lipsticks.
Here’s an example of what your goals can look like:
- For the campaign, we’ll work with young beauty influencers on Instagram.
- These beauty influencers will review the product range for their followers.
- In addition to product reviews, we want Influencers to speak about the product through their Instagram stories since these are powerful marketing tools.
- We aim to exceed the sales of our last lipstick line by 30% within the first month.
The more detailed and specific plan is, the easier it may be to monitor your campaign to see how successful you are and what you may need to tweak.
Define the Right Influencer For Your Brand
Your brand voice is essential to all your digital marketing campaigns. Yet, many marketers and brands struggle to define theirs.
Your “brand voice” is the way you talk to your customers. It includes language style, brand values, and personality.
The more defined and consistent your brand voice is, the more trustworthy your audience may perceive you. Who trusts a brand with a constantly-shifting message?
Defining a solid brand voice can take time. To help get you started, you can use a free online brand quiz.
An insightful one is Kaye Putnam’s brand personality quiz.
All you have to do is answer 16 questions, like:
This quiz is not just fun—it’s effective. When you’re done, you’ll get a detailed report about your top brand archetypes. This information could give you valuable insights into better positioning your brand to communicate with your market.
You don’t have to use all the pointers from the guidelines of these free tools. However, having a detailed analysis of a possible brand style, look, and feel is a great way to find inspiration.
Once you understand your brand, you now need to figure out who your market is.
- Who are they, and what do they do for a living?
- Who do they follow and engage with on their social networks?
Performing thorough target market research can help you understand your market better, including finding influencers they follow.
Along with creating influencer campaigns, if you want to learn how to grow your personal or company’s Instagram account, check out my Instagram Unlocked course on Youtube:
Try Google First
Now that you know your goals, brand, and target market, a Google search could help you get a good pool of Instagram influencers to choose from.
Let’s use the beauty brand example from earlier.
To get started, do a general search for something like “top Instagram beauty influencers.”
After searching, make sure you have the most relevant search results. A beauty influencer who was great six months ago may not be so relevant today.
Start by navigating to the Advanced Search Section. You’ll find this in your settings.
From there, you can change the last update section. I changed mine to the past month. This will give you the latest results on the topic.
In the Advanced Search section, you can also narrow your search results by region. This little tool is perfect if your product will only be available in certain areas. What’s the point of getting search results of top European or Asian influencers if your product is only available in the States?
When you get the SERPs, use the first couple of pages to see if any influencers who spark your interest.
Search on an Influencer Platform
There are many influencer platforms on the market, each with pros and cons.
The best part about an influencer platform is that, unlike doing a Google search and sifting through hundreds or even thousands of influencers, an influencer platform does the hard work for you.
You also get more details about your potential influencer.
For example, here’s a profile on an influencer from HYPR, an influencer platform.
You get information on your influencer, their demographics, their niche industries, and more.
Influencer platforms also give you details on audience psychographics and locations, as well as influencers’ engagement rates.
As you look through influencers and start compiling a list of potential people to work with, remember to:
Analyze the Content They Create
- Does it connect with your brand voice?
- Look into their content on other social channels to ensure the influencer can be a true representative of your brand.
Measure Their Engagement Rates
As highlighted earlier, a good engagement rate means when the influencer posts content about your brand, their audience takes notice.
There are multiple ways to calculate this. You can check out this post about it on Hootsuite to discover different methods.
Appreciate the Value of Micro-Influencers
A study from Markerly, an influencer marketing platform, found Instagram influencers with more followers see less engagement.
This proves micro-influencers—those with good followings, but not overwhelming ones—can be more effective in your social media campaigns than macro-influencers or celebrities.
Micro-influencers have gained followers who respect their expertise and opinions on specific topics. They often create content they’re knowledgeable about and care about. Their social following is more of a community than an audience.
Therefore, working with a few relevant micro-influencers may help you get your content in front of the right audience.
Using Instagram can often be a fantastic way to get people to notice—and purchase—your products.
But it is a double-edged sword. While you have many options, it’s challenging to know who will be the right fit.
Don’t forget to outline your goals and brand voice. Then, consider influencers’ engagement rates.
Who is the right influencer for your brand?
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Creative Recession Cycle Funding For New Businesses
As an entrepreneur, raising money for your new startup business can seem hard to execute. You’ve probably seen dozens of competition funds out there, so you have chances to secure funding. Ultimately, you want funding for your startup to come from investors. But getting investors can be impossible for a new startup. Recession cycle funding for startups can happen.
Using your equity might seem like the best idea to fund your business as you wait for investors to come. Most new startup business owners, fall prey to taking out the equity to fund the business before the revenue starts rolling in. You don’t have to take out equity to fund your startup. It’s not necessary. The success of your business solely comes from decisions you make as the business owner.
Here are some ways to creatively make money for your new startup without taking out of your equity.
Recession Era Funding
The number of United States financial institutions as well as thrifts has been decreasing progressively for a quarter of a century. This is from consolidation in the marketplace along with deregulation in the 1990s, decreasing barriers to interstate banking. See: https://www.fundera.com/blog/happened-americas-small-businesses-financial-crisis-six-years-start-crisis-look-back-10-charts
Assets focused in ever‐larger financial institutions is problematic for small business proprietors. Big banks are a lot less likely to make small loans. Economic recessions mean banks become extra mindful with lending. The good news is, business credit does not depend on financial institutions.
Recession Cycle Funding: Crowdfunding
Use Kickstarter. There’s a method to the madness in using Kickstart to fund your startup. First, do your research before pitching your idea to Kickstarter. Find out if there’s another project they have approved like your startup. So if they deny your idea, refer to similar projects they have approved. And when you ask for money from Kickstarter, be realistic and ask for money to help you survive for a few months. Don’t forget to spread the word to your friends and family asking them to help fund your start up.
Recession Cycle Funding: Bootstrap
Put your Money in First. When you first start out, tap into your own saving accounts, home equity, retirement accounts, etc. This might seem a bit risky, but you should invest in your own startup venture before you expect other investors to put money into it. Most investors will want to see the owners of the business have invested some of their own cash in the business to show confidence.
But there can be some issues with bootstrapping your business.
Still, here are some ways to bootstrap to build more financial resources.
Share and Save on Services and Equipment
Share office services and equipment. You’ll probably need to get a co-work space where you can share the office space and equipment with other business owners. This will help you cut the cost of renting an office space and paying the high monthly rent.
Use the computers and servers you have. Don’t go out and buy new equipment when you start your startup. Use the computers, software, and desks, etc., you already have. Don’t spend extra money renting new equipment.
Recession Cycle Funding: Grants
Pursue non-dilutive capital. Look for government grants to get more money for your startup. Cities and states have grant programs offering low-interest rates on loans. Having access to these resources give startups the ability to qualify for large sums of money.
Recession Cycle Funding: Startup Business Credit Cards
Business credit cards can be a great way to get a startup off the ground.
We looked at a number of business credit cards, and did the research for you. So here are our picks.
Per the SBA, business credit card limits are a whopping 10 – 100 times that of personal cards!
You can get a lot more money with business credit. And you can still have personal credit cards at stores. So you would now have an added card at the same stores for your company.
You don’t need collateral, cash flow, or financials to get business credit. This is still true during a recession cycle.
Benefits can vary. So, make certain to choose the benefit you would prefer from this assortment of alternatives.
Dependable Credit Cards for Fair to Poor Credit, Not Calling for a Personal Guarantee
Brex Card for Startups
Look into the Brex Card for Startups. It has no annual fee.
You will not need to provide your Social Security number to apply. And you will not need to supply a personal guarantee. They will take your EIN.
Nonetheless, they do not accept every industry.
Likewise, there are some industries they will not work with, as well as others where they want added documentation. For a list, go here: https://brex.com/legal/prohibited_activities/.
To determine creditworthiness, Brex checks a business’s cash balance, spending patterns, and investors.
You can get 7x points on rideshare. Get 4x on Brex Travel. Also, get triple points on restaurants. And get double points on recurring software payments. Get 1x points on everything else.
You can have poor credit scores (even a 300 FICO) to qualify.
Find it here: https://brex.com/lp/startups-higher-limits/
Secure Business Credit Cards for Fair Credit
Capital One® Spark® Classic for Business
Take a look at the Capital One® Spark® Classic for Business. It has no yearly fee. There is no introductory APR offer. The regular APR is a variable 24.49%. You can earn unlimited 1% cash back on every purchase for your company, without any minimum to redeem.
While this card is within reach if you have fair credit scores, beware of the APR. But if you can pay on schedule, and in full, then it’s a bargain.
Establish business credit fast and beat the recession with our research-backed guide to 12 business credit cards and lines.
Exceptional Business Credit Cards with No Yearly Fee
No Yearly Fee/Flat Rate Cash Back
Ink Business Unlimited℠ Credit Card
Check out the Ink Business Unlimited℠ Credit Card. Past no yearly fee, get an introductory 0% APR for the first one year. After that, the APR is a variable 14.74 – 20.74%.
You can get unlimited 1.5% Cash Back rewards on every purchase made for your company. And get $500 bonus cash back after spending $3,000 in the first 3 months from account opening. You can redeem your rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®. You will need excellent credit to get approval for this card.
Establish business credit fast and beat the recession with our research-backed guide to 12 business credit cards and lines.
Company Credit Cards with a 0% Introductory APR – Pay Zero!
Blue Business® Plus Credit Card from American Express
Take a look at the Blue Business® Plus Credit Card from American Express. It has no yearly fee. There is a 0% introductory APR for the first 12 months. After that, the APR is a variable 14.74 – 20.74%.
Get double Membership Rewards® points on everyday company purchases like office supplies or client dinners for the first $50,000 spent annually. Get 1 point per dollar afterwards.
You will need great to outstanding credit scores to qualify.
American Express® Blue Business Cash Card
Also have a look at the American Express® Blue Business Cash Card. Note: the American Express® Blue Business Cash Card is identical to the Blue Business® Plus Credit Card from American Express. But its rewards are in cash instead of points.
Get 2% cash back on all eligible purchases on up to $50,000 per calendar year. After that get 1%.
It has no yearly fee. There is a 0% introductory APR for the first one year. Afterwards, the APR is a variable 14.74 – 20.74%.
You will need good to excellent credit scores to qualify.
Terrific Cards for Cash Back
Capital One ® Spark® Cash for Business
Check out the Capital One® Spark® Cash for Business. It has an introductory $0 yearly fee for the first year. After that, this card costs $95 each year. There is no introductory APR deal. The regular APR is a variable 18.49%.
You can get a $500 one-time cash bonus after spending $4,000 in the initial three months from account opening. Get unlimited 2% cash back. Redeem at any time without minimums.
You will need great to excellent credit scores to qualify.
Flat-Rate Rewards and No Yearly Cost
Discover it® Business Card
Check out the Discover it® Business Card. It has no annual fee. There is an introductory APR of 0% on purchases for 12 months. After that the regular APR is a variable 14.49 – 22.49%.
Get unlimited 1.5% cash back on all purchases, with no category restrictions or bonuses. They double the 1.5% Cashback Match™ at the end of the first year. There is no minimal spend requirement.
You can download transactions| quickly to Quicken, QuickBooks, and Excel. Note: you will need great to superb credit to receive this card.
Ink Business Cash℠ Credit Card
Take a look at the Ink Business Cash℠ Credit Card. It has no annual fee. There is a 0% introductory APR for the first year. After that, the APR is a variable 14.74 – 20.74%. You can get a $500 one-time cash bonus after spending $3,000 in the initial 3 months from account opening.
You can get 5% cash back on the initial $25,000 spent in combined purchases at office supply stores and on net, cable, and phone services each account anniversary year.
Get 2% cash back on the first $25,000 spent in combined purchases at gasoline stations and restaurants each account anniversary year. Get 1% cash back on all other purchases. There is no limit to the amount you can earn.
You will need superb credit to get approval for this card.
Boosted Cash Back Categories
Bank of America® Business Advantage Cash Rewards MasterCard® credit card
Take a look at the Bank of America® Business Advantage Cash Rewards MasterCard® credit card. Get an 0% introductory APR for the first 9 billing cycles of the account. Afterwards, the APR is 13.74% – 23.74% variable. There is no yearly fee. You can get a $300 statement credit offer.
Get 3% cash back in the category of your choice. So these are gasoline stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services. Earn 2% cash back on dining. So this is for the initial $50,000 in combined choice category/dining purchases each calendar year. After that get 1% after, with no limits.
You will need outstanding credit scores to qualify.
Find it here: https://promo.bankofamerica.com/smallbusinesscards2/
Flexible Financing Credit Cards – Take A Look at Your Alternatives!
The Plum Card® from American Express
Check out the Plum Card® from American Express. It has an introductory yearly fee of $0 for the first year. Afterwards, pay $250 per year.
Get a 1.5% early pay discount cash back bonus when you pay within 10 days. You can take up to 60 days to pay without interest when you pay the minimum due by the payment due date.
You will need good to exceptional credit scores to qualify.
Unbeatable Cards for Jackpot Rewards That Never Expire
Capital One® Spark® Cash Select for Business
Have a look at the Capital One® Spark® Cash Select for Business. It has no annual fee. You can get 1.5% cash back on every purchase. There is no limit on the cash back you can get. Also earn a one-time $200 cash bonus when you spend $3,000 on purchases in the first 3 months. Rewards never expire.
Pay a 0% introductory APR for 9 months. Then pay 14.49% – 22.49% variable APR afterwards.
You will need good to outstanding credit to qualify.
Establish business credit fast and beat the recession with our research-backed guide to 12 business credit cards and lines.
The Recession Cycle Funding for You
Your absolute best business credit cards 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 outstanding for you could be catastrophic for somebody else.
And, as always, make sure to establish credit in the recommended order for the best, fastest benefits.
Recession Cycle Funding: Takeaways
Raising money during a recession cycle might feel a little overwhelming. It takes time to build up funds to start a new business. But you don’t have to feel you have to use your equity to fund your new business. There are so many other ways you can find money to help your business grow. Don’t get focused on making quick money. Think about the long-term growth of your company, and how your decisions today will affect its finances in the future. Develop a plan to find money from different resources before using company equity. And yes, you can even do this during a recession cycle.
The post Six Ways to Creatively Fund a Startup Without Using Equity During a Recession Cycle appeared first on Credit Suite.
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