Day: January 7, 2021

WFT's Young: I'm not sorry for 'I want Tom' talk

Even though Ron Rivera says Chase Young might have given the Buccaneers bulletin board material with his “I want Tom” comments, the Washington Football Team defensive end says he’s not apologizing.

The post WFT's Young: I'm not sorry for 'I want Tom' talk appeared first on Buy It At A Bargain – Deals And Reviews.

Trump Loses the Senate

His post-election tantrums hand the government to the left.

What is a Retail Media Network?

The marketing and advertising industry is a fast-paced industry.

With technology evolving rapidly, people have found it more convenient to do their shopping and other transactions online.

With digital interactions overtaking in-person activities, this shift in people’s lifestyles means one thing for businesses — they need to pivot fast. Failure to do so can only lead to losing customers.

Enter retail media networks.

What is a Retail Media Network?

With more and more people shopping online, retail media just makes sense.

But what exactly is a retail media network?

A retail media network is when retailers set up an advertising platform on their website, app, or other digital platforms within their network. This allows the store, and other brands, to advertise to customers on sites like CVS or Walgreens. It’s a form of in-store advertising in a digital format.

Here’s an example from CVS’s homepage. Notice the “sponsored” tag in the bottom right corner — this isn’t just a product listing; it’s an ad from a face mask company right on CVS’s website.

retail media CVS example

Ads on retail media networks can be displayed on many pages, including:

  • The home page
  • Category page
  • Search page
  • Product detail page

This enables advertisers to reach shoppers at the various stages of their buyer journey.

The reason retail media works so well is that shoppers are more receptive to ads when shopping than when they’re carrying out other non-shopping related activities.

Pros and Cons of Retail Media

Retail media is changing the way shoppers and brands interact. But is this new form of advertising and marketing a good thing or not?

Well, let’s take a look at the pros and cons of retail media and find out.

Pros of Retail Media

We’ll start by looking at the advantages of retail media and breaking them down according to the players involved.

For Retailers

The most significant advantage of retail media for retailers is that it creates a new revenue stream. Advertising is big business, and a retail media network enables retailers to tap into this $560 billion industry.

Profit margins on consumer packaged goods (CPG) have taken a tumble in the past few years. The revenue generated by retail media has been a lifeline for retailers looking to boost their profits.

Retailers that leverage retail media have become the new media moguls, thanks to the rise of e-commerce. This has opened up a new world of possibilities in how they can generate revenue.

For Consumers

Shoppers also benefit from retail media in a few ways.

The first benefit is it offers better price control for customers. With retailers generating revenue from ads, they won’t be as quick to raise their prices. An increase in pricing could result in a drop in traffic, spiraling into reduced ad revenue.

Secondly, retail media benefits shoppers by offering a better customer experience (CX). Sure, ads can be annoying. But if done well, they can help shoppers make better purchase decisions. They can also remind shoppers about related products they may want.

For Advertisers

One of the biggest advantages of retail media for advertisers is that it gives them access to first-party data.

First-party data is data collected and owned by the website owner, and in this case, that’s the retailer. It’s clean and more reliable than third-party data collected by other methods such as cookies.

The best part of first-party data is that it’s collected right at the point of sale, giving you better insight into buyer behavior.  

Why is this so important?

One word: personalization.

Personalization plays a huge role in designing and executing ad campaigns that convert. To do this, you need accurate data.

Another reason first-party data has become so valuable is because of the impending death of cookies.  

For Brands

For brands that advertise on retail media networks, the most significant advantage is that it’s easier to tie ad spend to sales. Because sales happen closer to the ads, it’s easier to attribute a sale to a specific ad and action. This is crucial to strategic decisions such as resource allocation.

Another advantage for brands is that these ads increase visibility, which helps drive sales.

Even though it’s still in its infancy, retail media is already proving to be a powerful form of advertising set to change the future of online shopping experiences.

Cons of Retail Media

With retail media looking so good, could it have any disadvantages?

One of the biggest disadvantages of retail media is that it gives more power to brands that are already big. It creates an uneven playing field for smaller brands that don’t have the traffic, budget, and infrastructure to set up retail media networks of their own.

Another disadvantage of retail media is that it’s a new field that requires infrastructure that most retailers don’t have. Because of that, it’s a learning curve for all the parties involved.

The Rise of Retail Media: Explained

Many brands had already jumped on the digital transformation bandwagon before retail media networks came on the field. They invested in mobile apps where customers could shop for products and get delivery right to their homes.

When the pandemic hit, these websites and apps became instrumental in generating sales for retailers. Research shows that 80% of people are now doing over half of their shopping online. The same study reveals that 60% of respondents said they’d continue shopping online even after the pandemic.

What does this have to do with retail media networks?

Everything.

This shift in traffic to retailer websites and apps birthed a new form of advertising.

That new form of advertising comes in the form of retailer media networks.

In short, this means brands advertising on retailers’ websites and apps. These can be brands that sell directly on the store or brands that want to reach that store’s audience.

Leveraging already warm traffic to create retail media networks is powerful. That’s because these networks benefit everyone involved, from the retailer to the brands advertising to the shoppers.

Brands with Retail Media Networks

Interested to know which brands have their own retail media networks and how they do it?

Let’s look at three brands that caught the shift early and are seeing great results with their retail media.

CVS

Originally known as the Consumer Value Store, CVS has become a force to reckon with on the American retail scene.

CVS retail media example

CVS is one of the first brands to launch its own retail media network, dubbed the CVS Media Exchange (CMX).

CMX allows brands to place their products on channels informed by CV’s first data. This includes off-site as well as on-site targeted ads. When it comes to customer data, CVS has the edge over most retail ad networks, thanks to their:

  • Close to 10,000 locations nationwide
  • Decades of consumer data through their loyalty programs
  • High-traffic online platforms

With this huge data bank at their disposal, advertisers are better equipped to create personalized ads and place them strategically for optimum visibility.

Walgreens

Walgreens is not green behind the ears when it comes to executing digital ad campaigns for other brands.

Retail media walgreens example

So it’s no surprise that Walgreens has decided to formalize things and launch a retail media network called Walgreens Advertising Group (Wag).

Wag offers ad placement on their online store, in their brick-and-mortar stores, as well as on other digital platforms such as social media and Google.

Amazon

Retail and e-commerce giant Amazon is another brand that has mastered retail media and runs its own network.

It’s called Amazon Advertising.

Brands with Retail Media Networks Amazon Advertising

Thanks to its massive digital footprint, Amazon can offer brands more in terms of the kind of campaigns they want to run. It also gives them access to one of the world’s largest customer data banks as well as a massive audience (over 200 million in the U.S alone).

Amazon Advertising works much like Google Ads. Brands that want to be found have to bid for keywords and pay each time their ad is clicked.

Retail Media Advertisers

Since most retailers don’t have the infrastructure and know-how to run retail media networks, how do they pull it off?

Most of them get external help. Here are some of the top retail media advertisers who are powering the retail media movement:

Criteo

Criteo is one of the leading retail media advertising platforms around. They make it easy for media buyers to purchase retail media with ease, thanks to their end-to-end service platform.

Retail Media Advertisers Criteo

The platform gives brands and retailers full control of their campaigns and easy access to data and analytics. Robust APIs also allow you to use your marketing tool of choice.

One thing Criteo boasts of is its transparent platform. For retailers, this makes it easier to grow their retail media network, while brands have more flexibility when it comes to choosing the retailers they want to partner with.

Promote IQ

Another retail media advertiser that enables brands to advertise their products on retailers’ websites is Promote IQ.

Retail Media Advertisers Promote IQ

Acquired by Microsoft in 2019, Promote IQ gives retailers full control of the end-user experience. This helps make the retail media seamlessly blend in with the retailer’s website.

Promote IQ claims they can help retailers generate 5X their revenue by cutting out the middleman and working directly with brands through their platform. Promote IQ also provides automation capabilities to streamline and increase your campaigns’ effectiveness.

Brands get more visibility and higher conversions thanks to Promote IQ’s powerful data and analytics platform. This helps create hyper-targeted ads that resonate with shoppers, driving up conversions.

Elevaate

Another advertiser shaking up the retail media world is Elevaate.

Retail Media Advertisers Elevaate

Elevaate understands the hassle retailers face setting up a retail media network. That’s why they designed a platform that’s as easy to set up as it is effective in generating revenue. With Elevaate, retailers can maximize their digital real estate profits without compromising their shoppers’ experience.

Elevaate promises increased visibility and high return on ad spend (ROAS) by offering precise targeting.

How to Create a Retail Media Network for Your Brand

So how can you create a retail media network to boost sales for your brand? If your brand has a large amount of traffic, consider using one of the tools above, like Criteo or Elevaate.  

After all, they have the infrastructure in place to help your retail network up and running quickly. Which means you’ll have more time to spend on your business.

With most of them, the process is as simple as applying to join their program. Once approved, you upload your product feed, and the ad network does the rest.

Conclusion

The world is changing rapidly.

For businesses to succeed in the future, they need to adapt to the changing landscape and buyer behavior.

This is why you must consider the retail media bandwagon if you haven’t yet — either by creating your own or advertising on major sites like CVS and Walgreens.

Not only will it give you an edge over the competition, but it will help you tap into audiences you can’t reach on your own. It will also help you maximize your marketing budget, ensuring you get the best ROAS.

Have you used retail media for your brand? What was your experience like?

The post What is a Retail Media Network? appeared first on Neil Patel.

Top 20 Massively Multiplayer Online Game (MMO) Podcasts You Must Follow in 2021

Top 20 Massively Multiplayer Online Game (MMO) Podcasts Contents [show] ⋅About this list & ranking Massively Multiplayer Online Game (MMO) Podcasts Massively Overpowered Podcast No Prisoners, No Mercy Talking in Stations The Sandbox Battle Bards MMOing F2P & Gaming Podcast 100% Crit Podcast SulyceGaming Podcast Phoenix Watch Loreseekers Staggering Stories Podcast The Geek Allstars MMO Gaming Pod […]

The post Top 20 Massively Multiplayer Online Game (MMO) Podcasts You Must Follow in 2021 appeared first on Feedspot Blog.

Top 100 Tabletop RPG Podcasts You Must Follow in 2021

Top 100 Tabletop RPG Podcasts Contents [show] ⋅About this list & ranking Tabletop RPG Podcasts The Glass Cannon Podcast The Game Design Round Table The Dungeoncast Plot Points Escape This Podcast Fear the Boot, RPG Podcast 20 Sided Stories Technical Difficulties Gaming Podcast Rusty Quill Gaming Podcast Dark Future Dice | A Cyberpunk 2020 Podcast Plundergrounds Hyper […]

The post Top 100 Tabletop RPG Podcasts You Must Follow in 2021 appeared first on Feedspot Blog.

Get the Best LLC Credit Card

Need an LLC credit card? You’ve come to the right place. And they are still available, despite the COVID-19 situation.

The Very Best LLC Credit Card

We researched just about every LLC credit card for you. So, here are our top picks.

Per the SBA, company credit card limits are a whopping 10 – 100 times that of personal credit cards!

This shows you can get a lot more cash with business credit. And it also means you can have personal credit cards at retail stores. So, you would now have an additional card at the same retailers for your small business.

And you will not need collateral, cash flow, or financials to get company credit.

LLC Credit Card Benefits

Perks vary. So, make certain to choose the perk you would prefer from this selection of options.

Get a Secure LLC Credit Card for Fair Credit Scores

Capital One® Spark® Classic for Business

Check out the Capital One® Spark® Classic for Business. It has no annual 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 average credit scores, beware of the APR. Yet if you can pay promptly, and in full, then it’s a bargain.

Find it here: https://www.capitalone.com/small-business/credit-cards/spark-classic/

Get a Trustworthy LLC Credit Card for Fair to Poor Credit, Not Calling for a Personal Guarantee

Brex Card for Startups

Take a look at 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 provide a personal guarantee. They will take your EIN.

However, they do not accept every industry.

Also, there are some industries they will not work with, and 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.

So you can have bad credit (even a 300 FICO) to qualify.

Find it here: https://brex.com/lp/startups-higher-limits/

Establish business credit fast with our research-backed guide to 12 business credit cards and lines.

Get an LLC Credit Card with No Annual Fee

No Annual Fee/Flat Rate Cash Back

Ink Business Unlimited℠ Credit Card

Take a look at the Ink Business Unlimited℠ Credit Card. Beyond no annual fee, get an introductory 0% APR for the first year. Afterwards, the APR is a variable 14.74 – 20.74%.

You can earn unlimited 1.5% Cash Back rewards on every purchase made for your business. And get $500 bonus cash back after spending $3,000 in the first three months from account opening. You can redeem your rewards for cash back, gift cards, travel and more using Chase Ultimate Rewards®. But you will need excellent credit scores to receive this card.

Find it here: https://creditcards.chase.com/business-credit-cards/ink/unlimited

Get an LLC Credit Card for Luxurious Travel Points

Flat-rate Travel Rewards

Capital One® Spark® Miles for Business

Take a look at the Capital One® Spark® Miles for Business. It has an introductory yearly fee of $0 for the first year, which then rises to $95. The regular APR is 18.49%, variable due to the prime rate. There is no introductory annual percentage rate. Pay no transfer fees. So late fees go up to $39.

This card is terrific for travel if your expenses do not fall into typical bonus categories. You can get unlimited double miles on all purchases, without any limits. Get 5x miles on rental cars and hotels if you book through Capital One Travel.

Get an initial bonus of 50,000 miles. That’s the same as $500 in travel. However you just get it if you spend $4,500 in the initial 3 months from account opening. There is no foreign transaction fee. But you will need a good to superb FICO score to qualify.

Find it here: https://www.capitalone.com/small-business/credit-cards/spark-miles/

Bonus Travel Categories with a Sign-Up Offer

Ink Business Preferred℠ Credit Card

For a wonderful sign-up offer and bonus categories, check out the Ink Business Preferred℠ Credit Card.

Pay an annual fee of $95. Regular APR is 17.49 – 22.49%, variable. There is no introductory APR offer.

Get 100,000 bonus points after spending $15,000 in the initial 3 months after account opening. This works out to $1,250 towards travel rewards if you redeem via Chase Ultimate Rewards.

Get three points per dollar of the first $150,000 you spend with this card. So this is for purchases on travel, shipping, internet, cable, and phone services. Plus it includes advertising purchases made with social media sites and search engines each account anniversary year.

You can get 25% more in travel redemption when you redeem for travel with Chase Ultimate Rewards. But you will need a good to superb FICO score to qualify.

Find it here: https://creditcards.chase.com/business-credit-cards/ink/business-preferred

No Yearly Fee

Bank of America® Business Advantage Travel Rewards World MasterCard® credit card

For no yearly fee while still getting travel rewards, have a look at this card from Bank of America. It has no annual fee and a 0% introductory APR for purchases during the first nine billing cycles. After that, its regular APR is 13.74 – 23.74% variable.

You can get 30,000 bonus points when you make a minimum of $3,000 in net purchases. So this is within 90 days of your account opening. You can redeem these points for a $300 statement credit towards travel purchases.

Earn unlimited 1.5 points for every $1 you spend on all purchases, everywhere, every time. And this is despite how much you spend.

Also earn 3 points per every dollar spent when you schedule your travel (car, hotel, airline) through the Bank of America® Travel Center. There is no limit to the number of points you can get and points don’t expire.

But note you will need superb credit to get this one (as in, 700s or better).

Find it here: https://www.bankofamerica.com/smallbusiness/credit-cards/products/travel-rewards-business-credit-card/

Hotel Credit Card

Marriott Bonvoy Business™ American Express® Card

Check out the Marriott Bonvoy Business™ Card from American Express. It has an annual fee of $125. There is no introductory APR offer. The regular APR is a variable 17.24 – 26.24%.  But you will need good to exceptional credit scores to get this card.

Points

You can get 75,000 Marriott Bonvoy points after using your card to make purchases of $3,000 in the initial three months. Get 6x the points for qualified purchases at participating Marriott Bonvoy hotels. You can get 4x the points at US restaurants and gasoline stations. And you can get 4x the points on wireless telephone services bought straight from American service providers and on US purchases for shipping.

Get double points on all other eligible purchases.

Rewards

Also, you get a free night every year after your card anniversary. And you can earn one more free night after you spend $60,000 on your card in a calendar year.

You get free Marriott Bonvoy Silver Elite status with your Card. Also, spend $35,000 on qualified purchases in a calendar year and get an upgrade to Marriott Bonvoy Gold Elite status through the end of the next calendar year.

Plus, each calendar year you can get credit for 15 nights towards the next level of Marriott Bonvoy Elite status.

Find it here: https://creditcard.americanexpress.com/d/bonvoy-business/

Business 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 annual fee. There is a 0% introductory APR for the first 12 months. Afterwards, the APR is a variable 14.74 – 20.74%.

Get double Membership Rewards® points on everyday business purchases like office supplies or client dinners for the initial $50,000 spent per year. Get 1 point per dollar afterwards.

But you will need great to outstanding credit to qualify.

Find it here: https://creditcard.americanexpress.com/d/bluebusinessplus-credit-card/

American Express® Blue Business Cash Card

Also take 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 as opposed to points.

Get 2% cash back on all eligible purchases on up to $50,000 per calendar year. Then get 1%.

So it has no yearly fee. There is a 0% introductory APR for the initial year. After that, the APR is a variable 14.74 – 20.74%.

But you will need great to excellent credit scores to qualify.

Find it here: https://creditcard.americanexpress.com/d/business-bluecash-credit-card/

Establish business credit fast with our research-backed guide to 12 business credit cards and lines.

Get a Flexible Financing LLC Credit Card – Have A Look at Your Options!

The Plum Card® from American Express

Have a look at the Plum Card® from American Express. It has an introductory annual fee of $0 for the first year. After that, 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.

However, you will need great to excellent credit to qualify.

Find it here: https://creditcard.americanexpress.com/d/the-plum-card-business-charge-card/

Get an LLC Credit Card for Cash Back

Flat-Rate Rewards

Capital One ® Spark® Cash for Business

Take a look at the Capital One® Spark® Cash for Business. It has an introductory $0 annual fee for the first year. After that, this card costs $95 per year. There is no introductory APR offer. 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. So you can get unlimited 2% cash back. Redeem at any time without any minimums.

But you will need great to exceptional credit to qualify.

Find it here: https://www.capitalone.com/small-business/credit-cards/spark-cash/

Flat-Rate Rewards and No Annual Fee

Discover it® Business Card

Check out the Discover it® Business Card. It has no yearly fee. There is an introductory APR of 0% on purchases for one year. 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. So they double the 1.5% Cashback Match™ at the end of the first year. There is no minimum spend requirement.

You can download transactions quickly to Quicken, QuickBooks, and Excel. But note: you will need good to outstanding credit to qualify for this card.

So you can get it here: https://www.discover.com/credit-cards/business/

Bonus Categories

Ink Business Cash℠ Credit Card

Take a look at the Ink Business Cash℠ Credit Card. It has no yearly fee. There is a 0% introductory APR for the initial 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 first three 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 initial $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases. There is no restriction to the amount you can earn.

But you will need outstanding credit scores to receive this card.

Find it here: https://creditcards.chase.com/business-credit-cards/ink/cash?iCELL=61GF

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 initial 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 filling stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services. Get 2% cash back on dining. So this is for the first $50,000 in combined choice category/dining purchases each calendar year. Then earn 1% after, with no limits.

But you will need exceptional credit to qualify.

And then you can find it here: https://promo.bankofamerica.com/smallbusinesscards2/

The Best LLC Credit Card for YouGet cards for your Limited Liability Corporation Credit Suite

Get an Irresistible LLC Credit Card for Jackpot Rewards That Never Expire

Capital One® Spark® Cash Select for Business

Check out 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 earn. Also get a one-time $200 cash bonus when you spend $3,000 on purchases in the initial three months. Rewards never expire.

So pay a 0% introductory APR for 9 months. Then pay 14.49% – 22.49% variable APR afterwards.

But you will need great to superb credit scores to qualify.

And then you can find it here: https://www.capitalone.com/small-business/credit-cards/spark-cash-select/

The Best LLC Credit Card for You

Your outright best company credit cards hinge on your credit history and scores.

Only you can select which features you want and need. So, make sure to do your homework. Because what is excellent for you could be disastrous for somebody else.

And, as always, be sure to build credit in the recommended order for the best, speediest benefits. The COVID-19 situation cannot last forever.

The post Get the Best LLC Credit Card appeared first on Credit Suite.

When it Comes to Business Credit Score, Experian is Only One Option

Experian is one of three major credit reporting agencies.  Equifax and Dun & Bradstreet round out the bunch.  It’s easy to see why your business credit score with Experian is important when you consider they keep files of 99.9%  of American companies.

What You Need to Know About Your Experian Business Credit Score

Your business credit score is important regardless of which credit reporting agency it comes from.  It’s also important that you understand what your business credit score is saying to lenders.  Beyond that, you cannot truly function well as a business if you don’t understand what makes up your score.  In light of that, here is what you need to know as relates to your business credit score, Experian especially. 

Business Credit Score Experian: Getting Started

According to Experian, all their information comes from third parties. Businesses cannot add any information to their company credit profile. 

However, you need to have your business set up properly. Failing to do so means those third parties will not recognize your company as a business. It is vital to establish your business as a separate entity from yourself.  If you don’t, your business transactions will get mixed up with personal transactions.  Not only that, but they may show up on your personal credit report.  That is not a good thing. 

Keep your business protected with our professional business credit monitoring

Here is what you need to start separating your business from yourself. 

Business Credit Score Experian: What you Need to Know About IntelliscoreExperian business credit score

With Experian, the main business credit score and report is the Intelliscore Plus.  It contains the following.

Business Information

First, there is the standard business identifying information.  That is your business name and address.  In addition, ownership data is included. Important personnel and the type of company you have will also be there. Furthermore, time in business, number of employees, and the amount of yearly sales are all on this report. 

Payment Information 

Then, you can see delinquent payments. This includes how many days late they are. Lenders can also see an overall trend.  For example, the lowest and highest balance for the past six months.  Current balance is also shown. By showing the credit limit available to your business, the report gives an idea of the credit utilization rate for your company.

The number of tradelines your business has is here as well. Also, you will see how many times a company has checked your credit and any UCC filings. 

There is a comparison of businesses doing worse than yours too.  In addition, the number of bankruptcies, liens, and judgments are in this section.  

Summary of Credit

The credit summary shows the Experian business credit score.  Also, it links to information on what goes into the score and tips on the best ways to improve it.

Payment Summary

After that, you see the payment summary. There are visuals for trends by the month and quarter.  

Next, there are bar charts showing payment trends for the past 6 months.  This is as reported from the tradelines.  

Trade Payment Information

Then, there is a section about how your business has done with its payments. This is broken down by type of account.

Keep your business protected with our professional business credit monitoring

Inquiries

Next up are inquiries. These are companies that have pulled your small business’s credit. The list includes the names of companies making inquiries and the month the inquiry was made.

Collection Filings

For the next section, any collection filings are on the report by date.  It includes collection agency name, status, amounts, and the close date, if appropriate.

Collections Summary

This is self-explanatory. It is a summary of collections, and it is just below the collection filings portion.

Commercial Banking, Insurance, Leasing

In this section, Experian lists all the information it has on your business relationships.  For example, this includes relationships with insurance, commercial banking, and leasing companies.  Specifically, how much credit was extended?  When did the loan start? It also includes any remaining balance.

Judgment Filings

Next is the report on legal information.  It includes the court where a judgment was filed, the date, and how much it was for.

Tax Lien Filings

Tax lien filing information is similar to judgment filings.  The only difference is there is a listing for a filing location instead of court. 

UCC Filings

You guessed it.  Here you will find information related to UCC filings: 

  • Date
  • filing number
  •  jurisdiction 
  • name of the secured party 
  • activity on the filing.

UCC Filings Summary

Under that, is the UCC filings summary.  It is broken down by filing period and type of filing.  

Owner Profile

There is also an entrepreneur profile for smaller companies.  The purpose of this is to show relationships between you and your business. It automatically links the credit history of business owners to their business credit report. 

That means, it is much easier for your creditors to access your personal credit. They may use it in determining your creditworthiness as a whole.  So, even when you do the work to establish separate business credit, your personal credit can still be taken in to account.

Business Credit Score Experian: Intelliscore

The Intelliscore is a credit-risk evaluation.  It’s based on statistics. The goal is to help businesses, investors, and potential lenders make decisions about creditworthiness.

It’s similar to how lenders use your personal credit score. Before they decide to lend you money, they check your credit score.  The Intelliscore Plus can provide an idea of the credit risk associated with a specific business. 

Intelliscore Plus Credit Score Range

Your business credit score with Experian ranges from 1 to 100.  A higher score indicates a lower risk. In contrast, the lower your score, the higher risk. 

How Is A Business Credit Score Experian Calculated?

One reason Intelliscore is so good at calculated risk is that they identify key factors that show how likely a business is to pay their debt.

There are over 800 of these factors.  However, they can all fit into the following general categories.

Payment History 

Of course, this is how well you are making payments. The information includes the number of times your accounts have been late.  It also shows the percent of accounts that are currently late.  Your overall balance in accounts is listed too. 

Frequency 

This refers to the how many times your accounts have been sent to collections.  In addition, you will see the number of liens and judgments you may have.  Any bankruptcies related to your business or personal accounts also show up here.

In addition, frequency has to do with your payment patterns. Were you regularly slow or late with payment? Did you start off paying bills late but get better over time? 

Financial 

This focuses on how you use credit. Like, how much of your credit is currently in use? Do you have a high ratio of delinquent balances in relation to your credit limits?

If your business is not yet in operation or you do not have a long history of business transactions, how will they rate you?

This is where Experian uses a blended model. They consider your personal consumer credit score with your business’s credit score.

Other Business Credit Score Experian Reports

There are a number of other products as well.  These reports are designed to help you as the owner monitor your business credit. Prices can change without notice so check with Experian directly to ensure the most current pricing. 

Business Credit Advantage Plan

This one is currently $149 monthly.  It contains mobile-friendly alerts and tips for improving your score.

Profile Plus Report

This report is currently priced at $49.95.  It features financial payment data.  It also predicts payment behavior.

Credit Score Report

This report is the least comprehensive.  It’s currently priced at $39.95. Basically, it includes business and credit information.  Also, there is a summary of financial payment data.

Valuation Report

This report sells for $99 right now. It shows the value of your company. It also contains Key Performance Indicators. Additionally, it shows your business’s fair market value.

Corporate Profiles

Experian also furnishes premium corporate profiles at an additional cost. The enhanced profiles contain even more detail including: 

  • Sales figures 
  • size 
  • contact details 
  • products and operations 
  • credit summary 
  • any Uniform Commercial Code (UCC) filings 
  • fake business names 
  • payment and collections history 

These are above and beyond the information in the basic corporate profiles.  They also have data on credit inquiries made in the past nine months.  

Keep your business protected with our professional business credit monitoring

Business Credit Experian Credit Alerts

You can subscribe to business credit alerts through Experian’s Business Credit Advantage program. It serves as a self-monitoring service.  The program allows unlimited access to your business’s business credit report and score. You can make use of this tool for handling your business credit. Alerts are sent for:

  • Company address changes
  • Changes in your business credit score
  • Credit inquiries on your business profile
  • Newly-opened credit tradelines
  • Any USS filings
  • Collection filings and
  • Any public record filings, for example, liens, bankruptcies, and judgments

There are ways to monitor your Experian business credit score for a fraction of the cost.  Research is important.

How Do You Improve Your Business Credit Score with Experian?

Thankfully, there are a few things you can do to make your Experian business credit score better. If it isn’t great already that is.  It takes time, but it is possible.  

Make Consistent, On-Time Payments 

Paying your bills on time will help establish your small business as one that pays its debts. This will eventually help push your score up.  As a result, lenders will view your business as low risk.

Actually Use the Credit

You should definitely keep your debt low.  However, opening business credit accounts can help raise your credit score. Use all credit responsibly.

Maintain Healthy Personal Credit

At this point, you realize that your personal credit is not out of the picture. It can affect your Experian business credit score. You have to stay on top of your personal debt.  

Business Credit Score, Experian or Otherwise, Is Vital to Fundability

Your credit score from any of the business credit reporting agencies is important. You never know which one a lender may use. 

Yet, credit score isn’t the only piece that matters.  Business credit scores are just one part. Overall business fundability includes much more. Fundability as a whole is much more involved than just business credit. There is a bigger picture. 

The post When it Comes to Business Credit Score, Experian is Only One Option appeared first on Credit Suite.

New comment by _trogdor_ in "Ask HN: Who wants to be hired? (January 2021)"

Location: Cincinnati, OH Remote: yes Willing to relocate: maybe Technologies: assembly, C/C++, Python, IDA Pro, Ghidra, fuzzing, vulnerability research, software defined radio, embedded devices, RF signals analysis, reverse engineering, build automation, test automation Resume: by request Email: 6981d39cc591355fb82fe872b04576b2@res.craigslist.org Experienced software engineering manager and individual contributor working in defense sector. Looking for new challenges and opportunities. …

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New comment by _trogdor_ in "Ask HN: Who wants to be hired? (January 2021)"

Location: Cincinnati, OH Remote: yes Willing to relocate: maybe Technologies: assembly, C/C++, Python, IDA Pro, Ghidra, fuzzing, vulnerability research, software defined radio, embedded devices, RF signals analysis, reverse engineering, build automation, test automation Resume: by request Email: 6981d39cc591355fb82fe872b04576b2@res.craigslist.org Experienced software engineering manager and individual contributor working in defense sector. Looking for new challenges and opportunities. …

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The Safe Foolproof Way to Build Downturn Business Credit in 30 Days

Build Business Credit in 30 Days

Have you ever wondered; how long does it take to build credit? You, too, can build business credit in 30 days! Here’s how and why. And you can do this during a recession or economic downturn. Build downturn business credit in 30 days.

Building better downturn business credit means that your small business gets chances you never felt that you would. You can get brand-new equipment, bid on buildings, and cover the company payroll. And you can do so even when times are a bit lean. This is specifically helpful in seasonal businesses. That is because you can go for calendar months with just hardly any sales.

Due to this, you need to tackle growing your company credit. Enhance and maintain your scores and you will have these chances. Do not, and either you do not get these business opportunities, or they will set you back you a lot more. And no business owner wants that.

You will need to understand what affects your small business credit before you can make it better.

Recession Period Financing

The number of US banks and thrifts has been decreasing progressively for a quarter of a century. This is from consolidation in the marketplace in addition to deregulation in the 1990s, lowering 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 concentrated in ever‐larger financial institutions is troublesome for small business owners. Big financial institutions are much less likely to make small loans. Economic downturns indicate banks become a lot more cautious with financing. Thankfully, business credit does not count on banks.

Build Downturn Business Credit in 30 Days: Credit History Length Is Vital

This is in a nutshell how long your business has been making use of company credit. Obviously newer businesses will have short credit histories. While there is not too much you can specifically do about that, do not fret.

Credit reporting agencies will also look into your personal credit score and your very own background of payments. If your own personal credit is good, and in particular if you have a fairly extensive credit history, then your individual credit can come to the rescue of your company. That is, you did not just get your very first credit card not too long ago.

Obviously, the opposite is also true. Hence, if your private credit history is poor, then it will have a bearing on your business credit scores until your business and personal credit can be split.

Build Downturn Business Credit in 30 Days: The Best Way to Build Credit is to Tame Your Utilization Percentage

Your credit utilization rate just means the amount of cash you have on credit. So it is then divided by your total available credit. Lenders typically do not like to see this go above 30%. Therefore, for each $100 in credit, do not borrow on more than $30 of that.

If this percent is climbing, you’ll need to spend down. And work off your financial obligations prior to borrowing more.

Build Downturn Business Credit in 30 Days: Your Payment History Truly Matters

Late repayments will affect your company credit score for a good seven years. If you pay your business (and personal) debts off, as quickly as possible and as fully as possible, guess what happens? That is when you can make a very real difference when it relates to your credit scores.

Make sure to pay on schedule and you will reap the rewards of promptness.

Build Downturn Business Credit in 30 Days: Your Personal Credit Can Affect Your Business Credit

A bad business year could wind up on your personal credit score. And just in case your small business has not been around for too long, it will directly have an effect on your biz credit.  But you can still start building business credit with bad personal credit.

Fortunately, you can unlink them both by taking steps to uncouple them. As an example, you can get credit cards solely for your business, or you open up business checking accounts and other bank accounts (or even get a business loan). And then the credit reporting bureaus will start to treat your private and corporate credit separately.

Also, make sure to incorporate. Or at least file a DBA (doing business as) status.

You can also pay for your company’s invoices with your business credit card or checking account. And make certain it is the company’s full name on the bill and not your own. This is how to build credit with a credit card.

Build Downturn Business Credit in 30 Days: The Credit Reporting Agencies Can Make Mistakes

Are you asking yourself: how to fix my credit in 30 days? Just the same as each and every organization out there, credit reporting agencies just like Equifax and Experian are only as good as their data. If your firm’s name is similar to another’s, or your name is a lot like another company owner’s, there can potentially be some oversights.

So keep an eye on those reports, and your company report at Dun & Bradstreet, PAYDEX. Remain on top of these reports and challenge charges with records and crystal clear communications. Do not just allow them to stay wrong! You can fix credit in 30 days!

And while you’re at, it you should also be monitoring the credit reporting bureau which just handles personal and not company credit. So, that is TransUnion. If you do not know the way to pull a credit report, do not worry. It’s simple. It’s how to fix credit score in 30 days.

And say fix my credit in 30 days!

Build Downturn Business Credit in 30 Days: The Method

Business credit is credit in a small business’s name. It doesn’t attach to a business owner’s personal credit, not even if the owner is a sole proprietor and the solitary employee of the business.

Because of this, an entrepreneur’s business and personal credit scores can be very different. Build business credit because it can only help your business. And it can be how to start a business in 30 days.

The Benefits

Considering that company credit is separate from consumer, it helps to secure a small business owner’s personal assets, in the event of court action or business bankruptcy.

Also, with two distinct credit scores, a small business owner can get two separate cards from the same merchant. This effectively doubles buying power.

Another advantage is that even startup ventures can do this. Going to a bank for a business loan can be a recipe for disappointment. But building business credit, when done correctly, is a plan for success.

Personal credit scores rely on payments but also various other elements like credit usage percentages.

But for business credit, the scores actually merely depend on whether a company pays its debts punctually.

The Process

Building company credit is a process, and it does not occur automatically. A company needs to proactively work to develop business credit.

Nevertheless, it can be done easily and quickly, and it is much speedier than developing individual credit scores.

Merchants are a big aspect of this process.

Carrying out the steps out of order will result in repetitive rejections. Nobody can start at the top with business credit. For instance, you can’t start with store or cash credit from your bank. If you do you’ll get a rejection 100% of the time.

Company Legitimacy is Vital for Building Downturn Business Credit

A business needs to be reliable to lending institutions and vendors.

Therefore, a business will need a professional-looking web site and e-mail address. And it needs to have site hosting from a company such as GoDaddy.

In addition, business telephone numbers ought to have a listing on ListYourself.net.

In addition, the business phone number should be toll-free (800 exchange or similar).

A company will also need a bank account dedicated only to it, and it needs to have every one of the licenses essential for running.

Licenses

These licenses all must be in the accurate, correct name of the company. And they need to have the same company address and phone numbers.

So bear in mind, that this means not just state licenses, but possibly also city licenses. Licenses are vital when you need to score small business funding.

Get awesome funding with our foolproof guide to building business credit, even during the threat of a recession.

Working with the Internal Revenue Service

Visit the IRS website and get an EIN for the small business. They’re totally free. Pick a business entity like corporation, LLC, etc.

A company can begin as a sole proprietor. But they will more than likely want to switch to a sort of corporation or partnership.

This is in order to reduce risk. And it will make best use of tax benefits.

A business entity will matter when it comes to taxes and liability in case of litigation. A sole proprietorship means the business owner is it when it comes to liability and tax obligations. No one else is responsible.

Sole Proprietors Take Note

If you operate a company as a sole proprietor, then at the very least be sure to file for a DBA. This is ‘doing business as’ status.

If you do not, then your personal name is the same as the company name. As a result, you can find yourself being directly responsible for all small business financial obligations.

In addition, according to the IRS, with this arrangement there is a 1 in 7 chance of an IRS audit. There is a 1 in 50 chance for corporations! Avoid confusion and drastically reduce the odds of an IRS audit as well.

But only look at any DBA filing as a steppingstone to incorporation.

Beginning the Business Credit Reporting Process

Begin at the D&B website and get a totally free D-U-N-S number. A D-U-N-S number is how D&B gets a small business into their system, to produce a PAYDEX score. If there is no D-U-N-S number, then there is no record and no PAYDEX score.

Once in D&B’s system, search Equifax and Experian’s web sites for the company. You can do this at www.creditsuite.com/reports. If there is a record with them, check it for accuracy and completeness. If there are no records with them, go to the next step in the process.

By doing so, Experian and Equifax will have activity to report on.

Vendor Credit

First you must establish trade lines that report. This is also called vendor credit. Then you’ll have an established credit profile, and you’ll get a business credit score.

And with an established business credit profile and score you can begin obtaining retail store and cash credit.

These varieties of accounts often tend to be for the things bought all the time, like shipping boxes, outdoor work wear, ink and toner, and office furniture.

But first off, what is trade credit? These trade lines are credit issuers who will give you initial credit when you have none now. Terms are ordinarily Net 30, instead of revolving.

Hence, if you get approval for $1,000 in vendor credit and use all of it, you must pay that money back in a set term, such as within 30 days on a Net 30 account.

Get awesome funding with our foolproof guide to building business credit, even during the threat of a recession.

Details

Net 30 accounts must be paid in full within 30 days. 60 accounts need to be paid in full within 60 days. Unlike with revolving accounts, you have a set time when you have to pay back what you borrowed or the credit you made use of.

To kick off your business credit profile properly, you need to get approval for vendor accounts that report to the business credit reporting bureaus. When that’s done, you can then make use of the credit.

Then repay what you used, and the account is on report. You can have a D&B business credit profile or an Equifax business credit profile. Or you might have a business credit profile with Experian.

Vendor Credit – It Helps

Not every vendor can help in the same way true starter credit can. These are vendors that will grant an approval with hardly any effort. You also want them to be reporting to one or more of the big three CRAs: Dun & Bradstreet, Equifax, and Experian.

You want 3 of these to move onto the next step, which is retail credit.

Uline

Uline is a true starter vendor. You can find them online at www.uline.com. They offer shipping, packing, and industrial supplies, and they report to D&B and Experian.

You need to have a D-U-N-S number. They will request 2 references and a bank reference. The initial few orders might need to be paid in advance to initially get approval for Net 30 terms. Also, you may have to buy some things you don’t need.

Crown Office Supplies

Crown Office Supplies is another true starter vendor. You can find them online at https://crownofficesupplies.com. They sell a variety of office supplies and take helping clients seriously. And they say, “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 annual fee, though they do report that fee to the business credit reporting agencies. For other purchases to report, the purchase needs to be at least $30.00. Terms are Net 30.

Grainger Industrial Supply

Grainger Industrial Supply is also a true starter vendor. You can find them online at www.grainger.com. They sell safety equipment, plumbing supplies, and more, and they report to D&B. You will need a business license, EIN, and a D-U-N-S number.

For under a $1000 credit limit they will approve nearly any person with a business license.

They’re great for building business credit profile.

Accounts That Don’t Report

Non-Reporting Trade Accounts can also be helpful. While you do want trade accounts to report to at the very least one of the CRAs, a trade account which does not report can nonetheless be of some value.

You can always ask non-reporting accounts for trade references. And also credit accounts of any sort ought to help you to better even out business expenses, thereby making budgeting simpler. These are providers like PayPal Credit, T-Mobile, and Best Buy.

They are another way how to get your credit score up in 30 days.

Retail Credit

Once there are 3 or more vendor trade accounts reporting to at least one of the CRAs, then move to retail credit. These are businesses like Office Depot and Staples. These companies are likelier to have goods you need.

Use the small business’s EIN on these credit applications.

Fleet Credit

Are there more accounts reporting? Then move to fleet credit. These are businesses like BP and Conoco. Use this credit to purchase fuel, and repair and maintain vehicles. Make certain to apply using the company’s EIN.

Get awesome funding with our foolproof guide to building business credit, even during the threat of a recession.

Cash Credit

Have you been responsibly handling the credit you’ve gotten up to this point? Then progress to more universal cash credit. These are businesses like Visa and MasterCard. Keep your SSN off these applications; use your EIN instead.

These are typically MasterCard credit cards. If you have more trade accounts reporting, then these are feasible.

Monitor Your Business Credit

Know what is happening with your credit. Make certain it is being reported and attend to any errors as soon as possible. Get in the practice of checking credit reports. Dig into the details, not just the scores.

We can help you monitor business credit at Experian and D&B for 90% less than it would cost you at the CRAs

At Equifax, you can monitor your account at: www.equifax.com/business/business-credit-monitor-small-business

Update Your Record

Update the details if there are mistakes or the relevant information is incomplete. At D&B, you can do this at: https://iupdate.dnb.com/iUpdate/viewiUpdateHome.htm. For Experian, go here: www.experian.com/small-business/business-credit-information.jsp. And for Equifax, go here: www.equifax.com/business/small-business.

Fix Your Business Credit

So, what’s all this monitoring for? It’s to contest any problems in your records. Errors in your credit report(s) can be taken care of. But the CRAs often want you to dispute in a particular way.

Get your small business’s PAYDEX report at: www.dnb.com/about-us/our-data.html. Get your company’s Experian report at: www.businesscreditfacts.com/pdp.aspx?pg=SearchForm. And get your Equifax business credit report at: www.equifax.com/business/credit-information.

Disputes

Disputing credit report errors commonly means you mail a paper letter with copies of any proofs of payment with it. These are documents like receipts and cancelled checks. Never send the original copies. Always send copies and keep the originals.

Fixing credit report inaccuracies also means you precisely spell out any charges you contest. Make your dispute letter as clear as possible. Be specific about the concerns with your report. Use certified mail so that you will have proof that you mailed in your dispute.

Dispute your or your company’s Equifax report by following the directions here: www.equifax.com/small-business-faqs/#Dispute-FAQs.

You can dispute inaccuracies on your or your company’s Experian report by following the instructions here: www.experian.com/small-business/business-credit-information.jsp.

And D&B’s PAYDEX Customer Service telephone number is here: www.dandb.com/glossary/paydex.

A Word about How to Build Downturn Business Credit

Always use credit sensibly! Don’t borrow more than what you can pay off. Monitor balances and deadlines for payments. Paying off on schedule and completely will do more to raise business credit scores than pretty much anything else.

Establishing company credit pays off. Great business credit scores help a company get loans. Your credit issuer knows the business can pay its debts. They understand the small business is bona fide.

The business’s EIN links to high scores and lenders won’t feel the need to ask for a personal guarantee.

Business credit is an asset which can help your business for years to come. Get started toward building small business credit.

Build Downturn Business Credit in 30 Days: Takeaways

Once you learn what influences your company credit score, you can build downturn business credit in 30 days. You can even start a business in 30 days. And you can repair credit score in 30 days.

The post The Safe Foolproof Way to Build Downturn Business Credit in 30 Days appeared first on Credit Suite.

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