Day: October 2, 2020
A speedy recovery would not just help the first family.
The disease is endemic. And even 74-year-olds can have mild cases that aren’t debilitating.
Researchers at Womply analyzed 200,000 small businesses in every state, looking at a few dozen industries.
They found that businesses with more than 82 total reviews earn 54 percent more money. It isn’t just about getting reviews either. Businesses achieved moderate to large jumps in revenue from the simplest tasks. Claim your profile on at least four review sites? You earn 58 percent more revenue. Businesses that reply to their reviews 25 percent of the time earn 35 percent more revenue.
Here’s the problem many businesses run into.
They don’t know what they’re doing. Most know how to ask customers for reviews, but they’re unsure how to handle the other important parts of reputation management.
This is why it’s important to get help.
If you have the right reputation management company, you’ll have the help you need to improve your company’s online reputation.
The 5 Top Reputation Management Companies in The World
Here’s a shortlist of some of the best reputation management companies in the world. You can use review sites like Clutch.co, HubSpot Agency Directory, or Sortlist if you’re looking for something more specific in the reputation management industry.
1. NP Digital – Best for Local SEO and Reputation Management
NP Digital is my agency. If you’re familiar with my work, you know that I have a strong background in search engine optimization and digital marketing. I built an agency called Pronet Advertising more than 17 years ago, while I was still in high school.
It’s hard to believe that I’ve been a marketer for more than 20 years! That’s given me a lot of time to learn how reputation management integrates with local search, content marketing, social media marketing, and advertising. I took all of the lessons I’ve learned from the companies I built — Kissmetrics, Crazy Egg, Pronet, Quicksprout, NeilPatel.com, and now NP Digital.
My agency is a little bit different from other agencies.
NP Digital ties all of our work back to revenue. It’s no different with our reputation management campaigns. If you’re going to put a dollar into your campaign, you want two dollars back, right? My agency focuses on driving real business results, so your company continues to grow; our work has to make money for your business.
NP Digital’s client list includes:
- Thomson Reuters foundation
- American Greetings
2. Reputation X – Best for Reputation Recovery
Reputation X offers proactive and reactive services, but they lean more towards the reactionary side of reputation management.
Proactive reputation management options include — content development (articles, reviews, news, blog posts, ratings, etc.). Reactive reputation management options include takedown services, including — SERP removal, search result suppression, DMCA removals, reputation protection, and content suppression.
Reputation X has more than 15 years of experience in the industry. What’s significant about their service is the fact that they’re comfortable working with organizations and individuals.
“Confidential clients include Heads of State, Politicians, SMBs, Celebrities, Public Relations Agencies (white label), and just regular folks.”
According to their website and marketing materials, they avoid pre-made campaign templates, which are common in the industry. They build each campaign from scratch, which makes sense when you realize that their service starts at $10,000. As expensive as their services are, they’re not for everyone.
“The Reputation X client acceptance process is unique. Prospective new clients must be approved not only by management but by team members as well. That means many never become clients. In addition, prospective customers whose reputation management problems seem too tough to overcome are always informed of the fact. Alternatives are clearly explained, even if they never become a client.”
They’re pretty picky about the clients they choose and the work they accept.
Reputation X’s confidential client list includes:
- Law firms
- Healthcare organizations
- Fortune 500 executives
- Manufacturing firms
- Public Relations companies
3. Thrive – Best for Small Business Review Management
Thrive is a full-service agency that offers reputation management and reputation repair services. Thrive offers reputation management and repair services on their website; take a closer look at their website, and you’ll find that they’re really focused on the online review side of things.
If you’re looking for a reputation management firm with the legal and takedown chops to protect your business Thrive isn’t the reputation management company for you. If you’re looking for an agency that can generate a huge amount of reviews, Thrive may be a good fit. If you’re looking for an agency that’s oriented around small businesses, winning new customers over or burying negative press Thrive is a great place to start.
Thrive offers most of the services a full-service agency provides. If you’re looking for a Jack of all trades, their agency has experience in several areas; this works especially well for inexperienced small business clients who need help with multiple services.
Thrive Agency’s client list includes:
- Nationwide Construction
- Ready Seal
- Bonds Ellis Eppich Shaffer Jones
- Max Mechanical
- Quick Roofing
4. Reputation Rhino – Best for Individuals
Reputation Rhino specializes in online reputation management; they serve small- and midsize businesses and individuals. Since then, they’ve expanded to create a range of brand management and internet marketing services that they offer to companies and individuals.
All of the services they now offer — SEO, PPC, Social media, Web development — they’re all geared around their reputation management services.
It’s not as common, but Reputation Rhino offers clients a money-back guarantee.
They offer reputation management and repair services; One thing that’s surprising about their business is the fact that they’re able to remove negative reviews from online review sites like Glassdoor, Ripoff Report, Google Images, and more.
Their agency is small but so is the price; campaign pricing starts at $1,000.
Reputation Rhino’s client list includes:
- Reputation management companies
- Law firms
- Local businesses
- Retail storefronts
- Tech companies
5. Reputation Defense Network – Best for Reputation Management Specialist
The Reputation Defense Network specializes in one thing: Content removal. They focus their attention on deleting negative or malicious content, protecting client brand reputation, and identifying anonymous hackers, defamers, and attackers. They also include proactive reputation management services, but their focus is geared around takedowns.
Here’s how they describe their service:
“Reputation Defense Network is one of the fastest-growing Internet Content Removal companies in the US. We are the only company to offer guarantees on all of our work. We are not an SEO or marketing firm disguised as a reputation management company. Our focus is your reputation, nothing else.”
They use their 27-point removal audit to remove negative content permanently. They focus first on removal, then suppression. One thing that makes their value proposition unique is the fact that they offer cyber investigation services.
If you’re looking for a reputation management company with a significant amount of firepower and legal muscle, the Reputation Defense Network is a good fit. Their services are perfect for high-stakes reputation management — the kind that includes blackmail, fraud, defamation, etc.
They provide performance guarantees on all of their work: “you don’t pay until we provide you with a favorable result.”
That’s $0 upfront, 100 percent (permanent) content removal with an average turnaround time of 72 hours. If you’re in a competitive industry and you’re dealing with confidential, high-stakes information, this agency is a good fit. The majority of their clients are growing, mid-market firms in the $10M to $1B range.
They serve clients in the following industries:
- Business services
- Healthcare and medical
4 Characteristics That Make a Great Reputation Management Company
When you’re vetting an agency, you’ll want to find a company that displays the right characteristics. The last thing you want is to choose a reputation management company that makes your reputation worse. When you’re searching for the right agency, here are some attributes to keep in mind.
1. Their agency approach is proactive and reactive
The industry has matured quite a bit since reputation management of the 90s. Back then, agencies were focused on simply burying negative content. That’s still doable, but it’s much easier to guide the conversation from the start.
Asking customers to share their feedback via online reviews. Creating, claiming, and optimizing your review profiles; responding to customer feedback, these are all proactive methods you can use to improve your reputation. Deleting or burying toxic, inaccurate, or misleading content, sending out legal takedown notices, and working with law enforcement are reactive strategies.
You need both, but these strategies don’t provide a complete picture of online reputation management campaigns on their own.
2. They focus on building relationships
Old-school campaigns are focused primarily on silencing critics, enemies, and opponents. New-school agencies still have those skills if they need them, but they choose to focus their attention on building relationships with customers.
- Helping you take care of your customers
- Requesting reviews from customers
- Building reviews up on the right platforms
- Generating publicity and increasing visibility
- Responding to unfair attacks
- If you’ve made a mistake, they’ll help you earn a fresh start
You need an agency that understands both sides of reputation management.
3. They realize reputation management is ongoing
This doesn’t mean that your agency is trying to lock you into an unnecessary contract. Customers feel reviews older than three months are irrelevant. Agencies realize customers want to see consistent proof that you’re still performing well.
Reputation and reviews, they decay over time.
Your agency should provide you with an ongoing service that’s optional; they should provide you with the people, processes, and tools you need to manage your reputation well. They should have a team in place to manage outreach with customers, publications, and press.
4. They’re local search experts
Your reputation management agency should have experience in running and managing local search campaigns.
You want this because local searches are growing 50 percent faster than mobile search. As far as Google is concerned, online reviews are part of the local ranking factors that determine your rank and performance.
When it comes to local search, your reputation management company should have expert-level knowledge. They should know how to increase search engine and social media visibility. The easier it is for them to integrate local search, the better your reputation management campaigns will perform.
What To Expect From a Great Reputation Management Company
Here’s a shortlist of the things you should expect from your agency.
- They’ll show you the plan ahead of time: Your agency will provide you with an A to Z plan, outlining the macro and micro level components of your campaign. You should know exactly what you’re getting into — what your campaign costs, what their goals are, how long it will take to reach those goals and the reports they’ll provide.
- Openness and complete transparency: Your agency should answer all of your questions and concerns; this isn’t optional or negotiable. Your agency isn’t writing copy or designing a website. They’re working with your reputation, so the impact on your business is huge. You need to know exactly what they’re doing and how they’re doing it.
- Consistent communication: Your agency should provide you with constant communication, feedback, and reporting. You’ll need to provide them with the decision-makers and influencers who need to be part of the conversation.
You should see evidence of this before you sign on the dotted line. If agencies hide behind proprietary software or secret processes, you’ll want to walk away.
Reputation management is easier when you have the right company behind you. Many businesses don’t know what they’re doing. Most know how to ask customers for reviews, but they’re unsure how to handle the important aspects of reputation management.
If you feel the same way, it may be a good idea to get help.
Businesses that handle reputation management will see consistently large jumps in revenue. Completing simple tasks — claiming your review management profiles, responding to customers online, and requesting reviews — good reputation management leads to more revenue.
Use our guide to find the reputation management companies that are right for your business. Set your values, expectations, and needs ahead of time, and you’ll find choosing the right company is easy.
The post The 5 Best Reputation Management Companies of 2020 appeared first on Neil Patel.
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Live chat has quickly become an integral part of customer service in the digital era.
When a customer or website visitor has a question, complaint, or needs some other type of assistance, they expect to reach your brand via live chat.
In addition to the improved customer experience, live chat is also more efficient for your support team. Service reps can’t field more than one phone call simultaneously, but they can handle multiple live chat conversations at the same time.
Overall, live chat is fast, effective, and more cost-efficient than any other type of customer communication. In terms of consumer preferences, it ranks higher than phone, email, and social media. Every website needs to have live chat.
With that said, there are dozens of different live chat solutions available on the market today. Which one is the best for you and your website? Continue below for my in-depth analysis.
The Top 7 Options For Live Chat Software
How to Choose the Best Live Chat Software For You
As you’re comparing different live chat options, there are certain feature sets and considerations that must be evaluated. I’ll break these factors down in greater detail, so you have a better understanding of what to look for.
Number of Agents
How big is your support team?
There’s a big difference between businesses with 5, 50, and 500 agents. Most plans will have some limitations on how many support reps can access the software. Other plans will have minimum seat requirements as well.
It’s also important for you to look down the road as your company grows. Is it easy to add new agents to your plan at scale? Make sure you’re not locked into a plan that restricts your scalability.
Why exactly are you in the market for live chat software?
Sure, there are plenty of general-purpose options out there. But some software is designed to accommodate specific needs and goals. For example, there is live chat software for lead qualification, live chat software for customer engagement, and live chat software for customer support.
These are just a few of many examples that should be taken into consideration.
If you’ve got customers reaching out to your brand on different channels, you want to make sure that the software seamlessly integrates with those third-party systems.
For example, you could potentially manage conversations from your website and conversations from Facebook Messenger within the same live chat software. Your service reps can handle everything from a single dashboard, instead of switching screens and being forced to use different platforms.
Automation is arguably the most crucial and desirable feature of live chat software. It speeds up service requests significantly, and it’s a cost-effective way to provide assistance 24/7/365.
Chatbots don’t take lunch breaks or sick days. They work nights, weekends, and holidays. So if a website visitor has a question at 2:00 AM on a Saturday, it can potentially be resolved with a self-service chatbot.
For businesses with multiple departments, chatbots and live chat software can automatically route messages to the right representative. Questions about returns would be sent directly to a support rep, while questions about new products would be routed to a sales rep.
Extras and Bonus Features
Aside from the core live chat software tools, each software will offer additional features with different plans. Not all of these will be a deal-breaker, but it’s helpful to have if you’re going to take advantage of these offerings.
I’m referring to features like CRM integrations, chat history, custom widgets, admin monitoring, helpdesk features, HIPAA-compliance, calendar integrations, appointment scheduling, etc.
The Different Types of Live Chat Software
At its core, live chat software is essentially real-time messaging on a website between a visitor and brand representative from a chatbox on the corner of the page. But within this broad classification, live chat can be segmented into three main categories.
Chatbots use AI technology and automation to solve problems. In many cases, customer inquiries can be resolved without any human interaction if you add chatbots to your website.
It’s also common for sites to use chatbots initially, before ultimately routing the conversation to a support representative. Chatbots can help qualify the visitor and ultimately get the inquiry resolved faster.
Chatbots typically won’t come standard with basic live chat software plans. These are usually offered as an add-on. Don’t let the price of chatbots scare you away from using them. Over the long-term, it’s much cheaper to use bots than paying for human labor.
Live Chat For Sales
There are lots of great sales-specific live chat solutions out there. This type of live chat software will include built-in CRM tools (or integrate with the CRM you’re already using), lead qualification features, and customer engagement tools.
Your sales agents will have a much easier time closing leads if you’re leveraging live chat software built for sales.
Customer Support Software
Live chat is a common component of helpdesk software. Lots of customer service software on the market will have features for things like ticket support and team collaboration, but the best ones will also include live chat.
Not every live chat software is built specifically for customer support. So if this is the primary feature that you’re looking for, make sure you choose a solution with those helpdesk features and support tools.
#1 – Zendesk Review — Best For Customer Engagement
Zendesk is a versatile live chat software trusted by 200,000+ businesses worldwide. They have solutions for sales, support, and customer engagement.
One of the reasons why Zendesk ranks so high on my list is because of its simplicity. The software is easy to use, and you can deploy it within hours of signing up.
Zendesk is used by some big names and industry leaders, like Shopify, Slack, Uber, Venmo, and more. Here are some of the top reasons why I recommend it:
- Reach out to customers with proactive engagement before they land on your site
- Powerful analytics customer satisfaction, agent performance, and other KPIs
- Omnichannel support with email, social, phone, and live chat
- Self-service and knowledge base tools in 40+ languages
- AI suggestions and machine learning from context clues
Zendesk Chat starts at $14 per agent per month.
But I recommend the Zendesk Support Suite. This package comes with features for chat, support, messaging, and voice, starting at $89 per month. It’s also worth noting that Zendesk has a Sales Suite to consider as well.
Try any Zendesk plan free for 30 days.
#2 – JivoChat Review — Best Cross-Platform Live Chat Software
JivoChat is branded as an all-in-one business messaging solution. It allows you to communicate with customers via phone, email, social, and of course, live chat—all from a single platform.
It seamlessly integrates with popular tools and services that you’re already using, like Slack, Weebly, WordPress, Wix, Pipedrive, Zapier, Shopify, and more.
More than 284,000 websites worldwide rely on JivoChat for their live chat needs, making it one of the most popular solutions on the market today. Here’s a quick overview and explanation of why the software is so popular:
- Compatible with Facebook, WhatsApp, Apple Business Chat, Telegram, Email, etc.
- All customer communication is managed from a single window
- The live chat widget works on every device, browser, and operating system
- It’s customizable and has the ability to be translated into 20 different languages
- Automatic proactive messages based on custom triggers
- CRM integrations and visitor’s information (like location and click source)
- Chat logs and reports between customers and agents
JivoChat offers unlimited chats and websites on every plan, including the free version.
The software and its basic features are free for your first five agents. Pricing starts at $13 per month per agent, which gives you access to all of JivoChat’s features. Try it free for 14 days.
#3 – Pure Chat Review — The Best Live Chat Features
Pure Chat is an excellent live chat solution for small and medium-sized teams.
Compared to other solutions on the market today, Pure Chat is one of the most feature-rich live chat tools that you’ll come across. Even better, all of these features are included with every plan.
Let’s take a closer look at Pure Chat’s extensive feature list:
- Unlimited chats
- Advanced widget customization
- Security roles (for admins, operators, power users)
- Chat notifications
- Canned responses
- File transfers
- Trigger-based actions
- Real-time analytics and visitor tracking
There are two different Pure Chat plans for you to choose from—Growth and Pro. These start at $39 and $79 per month, respectively. The Growth plan comes with four users, and the Pro plan comes with ten. Additional users cost extra.
For most businesses, I’d recommend the Pro plan. It gives you the ability to remove Pure Chat’s branding from your widget, and you can use it on an unlimited number of websites.
Try either of these Pure Chat plans free for 30 days to access all of the features.
#4 – Intercom Review — The Best For Lead Qualifications
Intercom is branded as a “conversational relationship platform.” It’s a clever way to say it helps you build customer relationships through messaging and live chat.
The software is trusted by 30,000+ companies across the globe, including Microsoft, IBM, Udemy, and Sotheby’s.
What makes Intercom so great? Let’s take a closer look at the software highlights:
- Boost site conversions with targeted messages, bots, and real-time chat
- Onboard, activate, and re-engage customers with outbound communication
- Proactive support tools and self-help features
- Manage customer interactions across all channels from a single dashboard
- 250+ integrations out-of-the-box and APIs for custom integrations
The software starts at $39 per month for basic live chat and outbound messaging features.
To take advantage of automation and managing lead qualifications at scale, I recommend the Accelerate plan. It starts at $499 per month and includes ten seats. This comes with awesome features like custom bots, team inboxes, and more.
Try Intercom for free with a 14-day trial.
#5 – LiveChat Review — The Most Versatile Live Chat Software
With a brand name like LiveChat, it’s no surprise to see this software rank so high on my list. This tool is trusted by 30,000+ businesses in over 150 countries, including names like PayPal, McDonald’s, Adobe, and Mercedes-Benz.
The software is used for online chat, multichannel support, lead generation, online surveys, in-app support, net promoter score, and more—making it one of the most versatile solutions on the market today.
Here’s a brief overview of the features, benefits, and noteworthy highlights of LiveChat:
- Add product cards to live chat conversations
- Use custom forms and AI chatbots to qualify your leads
- Automatically track sales and KPIs to monitor the effectiveness
- Automatic agent routing
- Automatic ticket creation
- Segment visitors based on their behavior on your site
- 170+ integrations (Dropbox, BigCommerce, MailChimp, Shopify, Salesforce, etc.)
LiveChat is easy to use and set up as well. Plans start at $16 per agent per month, and you can try it free for 14 days; no credit card required.
#6 – Acquire Review — Best Live Chat Software For Chatbots
Acquire isn’t the most popular live chat software on the market today. But it’s still trusted by large organizations like Lexus, Audi, the US Air Force, Discover, and more. It’s an all-in-one solution for omnichannel support, knowledge base, video chat, VoIP phone, and more.
For those of you looking to add the most advanced chatbots to your website, Acquire is my top recommendation.
Let’s take a closer look at what makes Acquire stand out from the crowd:
- Automate routine questions with AI chatbots
- Sync your knowledge base articles with chatbots
- Route chats to human agents when bots can’t provide a solution
- No coding needed or developers required to deploy bots
- Manage all email, social, live chat, and other channels from a single inbox
- Team collaboration tools
- Co-browsing software for troubleshooting with on-page markups
- Video chat with customers
Another reason why I like Acquire is because the company provides exceptional customer support. It’s a growing brand, but their team is still available to accommodate your needs, 24/7.
Pricing is not available online. Contact the Acquire sales team for more information.
#7 – Smartsupp Review — Best For Monitoring Visitor Behavior
Smartsupp is another live chat software with omnichannel capabilities. The solution is used by over 425,000 websites.
It’s a great way to increase customer loyalty, drive conversions, and improve engagement with live chat and bots.
Smartsupp has one of the most unique features of all live chat software on the market today. It has built-in video recordings that give your agents a deeper understanding of how each visitor is moving around on your site. This gives you agents the ability to discover where people are getting lost, so they can provide better support.
You’ll also benefit from top features like:
- Out-of-the-box integrations and APIs
- Analytics and customer satisfaction ratings
- Create personalized automated messages with smart rules
- Communicate with customers while on the go from Smartsupp’s mobile app
- Web dashboard with analytics about customers
- Customize the look and colors of chat box
- Add personalized photos to support agent names in the chat widget
For smaller websites with basic needs, Smartsupp is free forever for your first three agents. Paid plans start at $10 per month.
You can try Smartsupp today by creating a free account.
There are lots of great live chat solutions available. But the seven recommended in this guide are definitely my favorite.
Which one is the best option for your website?
Be sure to follow the methodology I outlined earlier in this guide. This will make it much easier for you to narrow down your options.
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The novel coronavirus has changed our economy. And it continues to do so. You may be thinking you cannot qualify for any great recession vendor accounts to build your business credit. But you can! Let us show you how to get the credit and cash your business needs – now, more than ever.
Check Out 5 Great Recession Vendor Accounts to Build Your Business Credit
Are you looking for 5 great recession vendor accounts that build your business credit? We’ve got them right here. Get the easiest business credit card!
When you are first starting to build business credit, your first step should be vendor or trade credit. You want to get into good credit habits. So this is everything from not borrowing too much, to paying your debts back on time. And it includes staying on good terms with your sources of credit.
You will need to start a business credit profile and score with what are called starter vendors. Starter vendors are ones who will give your small business initial credit. So they will do so even if your company has no credit, no score, or no trade lines.
Note that most stores like Staples will not give you initial starter credit, so don’t even try applying with them.
Here are 5 great recession business credit vendors that build your business credit. You can get a starter business credit card. This is the vendor credit tier, and these are our top 5 business credit cards for new businesses.
Learn more here and weather any recession. Get started toward getting up to 7 vendors that build your business credit.
Great Recession Vendor Accounts that Build Your Business Credit: 1. Uline
You can find Uline’s website here. They sell shipping, packing and industrial supplies, and they report to Dun & Bradstreet and Experian. You must have a D-U-N-S number and an EIN before starting with them. They will ask for your business bank information. Your business address must be uniform everywhere. You need for an order to be $50 or more before they’ll report it. Your first few orders might need to be prepaid initially so your company can get approved for Net 30 terms.
You need the following to qualify:
- Entity in good standing with Secretary of State
- EIN number with IRS
- Business address (matching everywhere)
- D-U-N-S number
- Business License (if applicable)
- Business Bank account
Apply with Them
Here’s how to apply with them:
- Add an item to your shopping cart
- Go to checkout
- Select to Open an Account
- Select to be invoiced
Great Recession Vendor Accounts that Build Your Business Credit: 2. Crown Office Supplies
Crown Office Supplies is an additional true starter vendor. They sell a variety of office supplies and take helping clients seriously. They state, “just starting your business, or maybe have an existing business, but you have a question regarding office supplies… we are here to help!” And they report to Dun and Bradstreet, Experian, and Equifax.
There is a $99.00 yearly fee, though they do report that fee to the business credit reporting bureaus. For other purchases to report, the purchase must be at least $30.00. Terms are Net 30.
- Here’s how to qualify:Your business entity must be in good standing with the applicable Secretary of State
- You must have an EIN and a D-U-N-S number
- Business address (it has to match everywhere)
- Business license (if applicable)A business bank account
- Corporation must be at least 60 days old
- Membership fee is $99 per year upon approval
Apply with Them
Great Recession Vendor Accounts that Build Your Business Credit: 3. Grainger Industrial Supply
You can find Grainger Industrial Supply here. They sell hardware, power tools, pumps and more. They also do fleet maintenance. And they report to Dun & Bradstreet.
To qualify, you need the following:
- A business license (if applicable)
- An EIN number
- A business address matching everywhere
- A business bank account
- A DUNS number from Dun & Bradstreet
- Business entity in good standing with the applicable Secretary of State
If your business doesn’t have an established credit, they will require additional documents like accounts payable, income statement, balance sheets, and the like.
Apply with Them
Apply online or over the phone.
Great Recession Vendor Accounts that Build Your Business Credit: 4. Supply Works
Supply Works is a great recession vendor. Visit them at: www.supplyworks.com. They are a part of the Home Depot. They offer integrated facility management solutions. Virtual addresses are not accepted. They report to Experian. Terms are Net 30.
To qualify, you need to have:
- An entity in good standing with Secretary of State
- EIN number with IRS
- Business address (it must match everywhere
- D-U-N-S number
- Business license (if applicable)
- A business bank account
Apply with Them
Apply online or over the phone.
Find out why so many companies are using this to weather any recession and improve their business credit – and check out even more vendors (7!) to help you build business credit.
Check out Strategic Network Solutions. Visit them at: https://stntsol.com. They offer technology training and tech support. A credit limit will start at $1000 for new businesses. It increases by an $500 increment if balances are paid in full and on time. They report to Experian and Credit Safe.
In order to qualify for business credit with Strategic Network solutions, you will need the following:
- An EIN
- To have your business entity squared away (corporation, partnership, LLC, etc.) and in good standing with the applicable Secretary of State
- Business address (matching everywhere)
- Business license (if applicable)
- A D-U-N-S number
- A business bank account
Apply with Them
Great Recession Vendor Accounts that Build Your Business Credit: Bonus: Marathon
Marathon Petroleum Company provides transportation fuels, asphalt, and specialty products throughout the United States. Visit them at: www.marathonbrand.com. Their comprehensive product line supports commercial, industrial, and retail operations. They report to: D&B, Experian, and Equifax. Terms are Net 22.
You can give a $500 deposit instead of using a personal guarantee if you have been in business for less than a year.
To qualify, you need:
- An EIN
- To have your business entity squared away and in good standing with the applicable Secretary of State
- Business address (matching everywhere)
- Business license (if applicable)
- A D-U-N-S number
- A business bank account
Apply with Them
Building Business Credit – Going Beyond 5 Great Recession Vendor Accounts That Build Your Business Credit
Getting vendor accounts for business credit means that you are on your way to getting good business credit. Get three or more vendor accounts. You want them all to be reporting with at least one bigger business credit bureau. And then you can start trying to get store credit.
Once there are three or more vendor trade accounts reporting to at least one of the CRAs, then move onto revolving store credit. These are businesses such as Office Depot and Staples. These companies have even more of the goods you need.
You will always have to use your Social Security Number and date of birth for verification purposes. But use the small business’s EIN on these credit applications when it comes to credit check services small business.
Are there more accounts reporting? Then move to fleet credit. These are service providers such as BP and Conoco. Use this credit to buy, fix, and take care of vehicles.
Use your Social Security Number and date of birth for verification purposes. But make certain to apply using the company’s EIN for credit checks.
Have you been sensibly managing the credit you’ve gotten up to this point? Then progress to cash credit. These are service providers like Visa and MasterCard.
Use your Social Security Number and date of birth for verification purposes. And apply using the company’s EIN for credit checks.
These are typically MasterCard credit cards. If you have even more trade accounts reporting, then these are attainable.
If it were all left up to you, how would you improve weathering any recession and working with 7 vendors to help you build business credit?
Monitor Your Business Credit
Know what is happening with your credit. Make sure it is being reported and deal with any inaccuracies ASAP. Get in the habit of taking a look at credit reports; so dig into the details, and not just the scores.
Update The Details
Update the details if there are mistakes or the information is incomplete. So at D&B, you can do this at: https://iupdate.dnb.com/iUpdate/viewiUpdateHome.htm.
And at Experian, go to: http://www.experian.com/small-business/business-credit-information.jsp.
Finally, for Equifax, go to: http://www.equifax.com/business/small-business.
What’s all this monitoring for? So it’s to challenge any errors in your records. Errors in your credit report(s) can be fixed. But the CRAs normally want you to dispute in a particular way.
Get your PAYDEX report for DNB small business at: http://www.dnb.com/about-us/our-data.html.
You can get your company’s Experian report at: http://www.businesscreditfacts.com/pdp.aspx?pg=SearchForm.
And get your Equifax business credit report at: http://www.equifax.com/business/credit-information.
Disputing credit report errors typically means you send a paper letter with copies of any evidence of payment with it. So these are documents like receipts and cancelled checks. But never mail the originals. Always send copies and keep the original copies.
Disputing credit report errors also means you precisely spell out any charges you dispute. Make your dispute letter as understandable as possible. Be specific about the concerns with your report. Use certified mail so that you will have proof that you sent in your dispute.
Dispute your or your company’s Equifax report by following the instructions here: http://www.equifax.com/small-business-faqs/#Dispute-FAQs.
You can dispute errors on your or your business’s Experian report by following the directions here: http://www.experian.com/small-business/business-credit-information.jsp.
And D&B’s PAYDEX Customer Service telephone number is here: https://www.dandb.com/glossary/paydex/, to help you with disputes. It’s the only way they’ll let you dispute a DNB.com credit report.
Takeaways for 5 Great Recession Vendor Accounts That Build Your Business Credit
Always use credit responsibly! Don’t borrow more than what you can pay off. So monitor balances and deadlines for payments. Paying off punctually and in full will do more to increase business credit scores than nearly anything else.
Establishing small business credit pays. Great business credit scores help a company get loans. Your lender knows the company can pay its financial obligations. Because they know the small business is authentic. The company’s EIN links to high scores and loan providers won’t feel the need to require a personal guarantee.
And soon you’ll be able to move onto the top ten business credit cards – and beyond! Because no matter how it feels right now, the COVID-19 situation and recession will not last forever.
Discover this new way to weather any recession and find 7 (!) vendors to help you build business credit.
The post Check Out 5 Great Recession Vendor Accounts To Build Your Business Credit appeared first on Credit Suite.
Location: Seattle, WA, USA Remote: Yes Willing to relocate: No Technologies: Python, Numpy, Pandas, PyTorch, Docker, Linux, Git. I am familiar with Deep Learning techniques: RNN, GRU, LSTM and advanced NLP techniques such as BERT, and ML algorithms: Logistic Regression, Random Forest, XGBoost, CatBoost, KNN, K-Means Clustering. Resume/CV: available upon request Email: firstname.lastname@example.org I have …
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Location: Boston, MA Remote: Yes Willing to relocate: Yes but only to NYC or Denver Technologies: Python (Pandas, Numpy, PyTorch, sklearn, Tensorflow, Flask), GCP (GCS, GKE, BigQuery, Pub/Sub, AI Platform), AWS, Terraform, SQL, Docker/Kubernetes, Airflow Email: email@example.com Portfolio: isaacmg.github.io Looking for data scientist and ML engineer roles. Specialty is in time series forecasting but have …
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Episode #394 (Originally aired 07/01/16) – Bill’s guests are Gary Johnson, Jim Gaffigan, Barbara Lee, Ari Melber, Louise Mensch.