Day: March 3, 2021

Pelosi’s Latest Partisan Commission

After Jan. 6, she follows her financial-crisis script, creating a panel to reach a foregone conclusion.

The post Pelosi’s Latest Partisan Commission appeared first on ROI Credit Builders.

Canceling Student Debt: Is $10,000 Too Much or Not Enough?

Students debate Joe Biden’s proposal to forgive student loans.

A Starter Guide to Amazon Vendor Central

Becoming a third-party seller isn’t the only way to make money on Amazon.

What if I told you there’s a way to get rid of the bulk of your seller admin and focus solely on helping a single customer who will sell your products for you?

Well, that’s what you can expect from Amazon’s Vendor Central.

We’ll take a deep dive into the platform and discuss:

  • What is Vendor Central, and how to get an invite.
  • The main differences between Seller Central and Vendor Central.
  • The benefits and disadvantages of becoming a vendor.
  • How to measure your success on the platform and more.

Let’s get started!

What Is Amazon Vendor Central?

Vendor Central is an invite-only platform where you can sell directly to Amazon as a supplier. It’s similar to Seller Central, where vendors can manage their purchase orders and product data from one central hub.

If you get an invite and sign up, the process works like this:

  1. Amazon will place a purchase order with you.
  2. You’ll send the stock.
  3. Amazon pays you and is responsible for selling the items.

It’s a good option for businesses who don’t want to deal with selling directly to customers. However, the platform does have its challenges that you’ll need to consider when seeing if Vendor Central is a good fit.

Amazon Vendor Central vs. Seller Center

The main difference between Amazon’s Vendor and Seller Central platforms is: who is selling the product.

With Vendor Central, you are selling to Amazon directly, and they are reselling your goods.

With Seller Central, you sell directly to Amazon users.

Here is a more detailed comparison between the two accounts:

Vendor Central:

  • invitation only
  • you sell directly to Amazon
  • Amazon controls the price of items
  • fixed logistical options
  • more advertising options

Seller Central:

  • anyone can sign up
  • you sell directly to customers
  • you control the retail price
  • flexible logistical options
  • fewer advertising options

Advantages and Disadvantages of Joining Amazon Vendor Central

Before you sign up, consider the pros and cons to see if joining will positively or negatively affect your business.

Here are some of the advantages of joining the Amazon Vendor Central platform:

Consumer Trust

As an Amazon Vendor, the customer will feel more confident in purchasing the product. You get the benefit of Amazon brand name recognition, which instills trust and makes it easier to close the sale.

More Advertising Options

While Amazon Marketing Services (AMS) is available on Seller Central, you’ll have access to more features as a vendor. It will allow you to create even stronger ad campaigns and drive traffic to your product pages.

The Selling Process Is Simplified

As a Seller, you’re responsible for things like fulfilling direct customer orders, tax liabilities, lost inventory, and other business costs.

When you supply Amazon, your business model is simplified. All you need to focus on is fulfilling your purchase orders and billing Amazon. All of the other admin responsibilities fall away, and you don’t need to worry about servicing multiple buyers.

Exclusive Promotional Programs

Amazon Vendors have the option to participate in programs like Subscribe & Save and Amazon Vine. Access to these programs can help boost reviews, your placement in organic search, and lead to more sales.

Here are some of the disadvantages of joining the Amazon Vendor Central platform:

Price Control

Vendors do not have control over the price of the items. Amazon can adjust the pricing at any time, which could cost you additional revenue if margins are changed.

Logistical Requirements

If you fail to meet Amazon’s specific logistical guidelines, it can quickly eat into your profits. For example, you need to maintain your stock levels and quickly fulfill your orders.

Loss of Brand Messaging

When you become a vendor, your products are shipped to customers in a standard brown Amazon box. You lose control over your brand and the ability to personalize the buyer experience.

Your Sales Channel Is Limited

While it’s great to have Amazon as a buyer, it comes with a big business risk if they’re your only customer. If you’re reliant on a single buyer, you could find yourself in trouble if Amazon stops using you as a vendor.

As you can see from the pros and cons of joining the platform, Vendor Central is not a good fit for everyone. It’s a much better option for manufacturers and wholesalers who want logistics, support, and returns handled by Amazon.

How to Join Amazon Vendor Central

Becoming an Amazon Vendor isn’t as easy as setting up an account with Seller Central.

As I mentioned earlier, it’s an invitation-only platform. You can’t simply apply; you need an invite from Amazon first.

How do you get one?

Amazon has a global vendor recruitment team that searches for new brands and products to sell.

Generally, these recruiters look for:

  • Sellers with high sales on Seller Central.
  • Marketplace sellers with popular products.
  • Exhibitors at trade shows and fairs with interesting products.

If Amazon is interested in what you’re selling, you’ll get an email inviting you to join Vendor Central. The team will explain how the process works and the terms of business.

Once you agree to the terms, you’ll get access to a Vendor Central account, and you can start supplying Amazon directly.

5 Tips to Be Successful As a Member of Amazon Vendor Central

Don’t rely on Amazon to do all the heavy lifting. Here are five things you can start doing today to boost your conversion rates and discoverability as a vendor.

1. Send Your Inventory to Amazon FBA Fulfillment Centers

Want to increase your sales? Make sure your items are eligible for Amazon Prime.

Prime members are loyal Amazon shoppers who pay $119 annually to access a slew of benefits, including faster shipping.

When you ensure your product is Prime-eligible, you’re opening yourself up to a pool of 126 million U.S. shoppers who are ready to shop more than an average Amazon user.

Don’t believe me? Prime members spend an average of $1,400 per year, while non-members spend $600.

2. Improve Your Amazon SEO

amazon vendor central SEO

With 4,000 sales made every minute on Amazon, how do you stand out and get some for your business?

By mastering the SEO for Amazon’s A9 algorithm.

Like other search engines, you can use basic SEO techniques to get your products to the top of search results.

To do this, you want to include search terms in the:

  • product title
  • backend keywords
  • brand name
  • product listing description

By taking the time to optimize your listings, you’re maximizing your products’ visibility and increasing your chances of a sale.

3. Increase Your Number of Reviews

Reviews are the lifeblood of Amazon. The more 5-star ratings you have, the more the algorithm will recommend your product to potential customers.

Humans are also a bit like lemmings.

If we see a group of people raving about how great a product is, we are far more likely to make the purchase. It reinforces we are making a good decision, and we feel more confident the product will work.

In fact, 88 percent of customers say they rely on online reviews as much as personal recommendations.

In fact, 56 percent of customers will at least read four reviews before making a purchase.

4. Don’t Rely Solely on Amazon Traffic

It might take a while for all your SEO work and reviews to kick things off. While you wait, generate traffic to your product pages by advertising outside of Amazon.

Some of the ways you can drum up demand include:

5. Run Sponsored Product Ads on Amazon

amazoon vendor central - run sponsored ads

Sponsored Product Ads are an excellent way to increase conversion rates and boost your product discoverability in organic search results.

You can set up automatic (great for PPC beginners!) and manual product ads in Seller Central.

How effective are these ads? On average SPAs have a conversion rate of about 10 percent.

How to Measure Your Success on Amazon Vendor Central

Here are some of the ways you can gauge your success on the platform:

Keyword Research and Monitoring

Set aside time each month to identify new keyword opportunities for your products and touch base with how you’re performing in the algorithm.

If you’ve noticed you have gone up or down in rankings, identify the cause to replicate it or adjust your strategy.

Advertising Analytics

If you choose to create campaigns for your listings, use the results to create more powerful listings.

For example, you might find keywords from advertising reports that you’re not using. Add those to your existing campaigns and track if it improves your click-throughs and sales.

How to Get Product Reviews on Amazon Vendor Central

amazon vendor central reviews

Here are some of the best ways to increase reviews for your listings as an Amazon Vendor:

Amazon Vine Program

One of the best and fastest ways to get reviews is with Amazon Vine. The program is open to sellers who have fewer than 30 reviews and an eligible ASIN.

What is an ASIN? It stands for Amazon Standard Identification Number. It’s a unique string of letters and numbers which is used for product identification in their catalog.

The vine program works like this:

You’ll send 30 products to 30 Vine Voices for free. These reviewers are hand-picked by Amazon for the program and are chosen for writing accurate and insightful reviews.

Once the reviewers receive your product, they’ll try it out, and write a review.

Sign Up for the Amazon Early Reviewer Program

Amazon’s Early Reviewer Program is a good option for new sellers who have products with less than five reviews.

The platform incentivizes shoppers by offering a $1-$3 gift card in exchange for a review on a new product.

To enroll in the program, you’ll need to pay $60 per SKU. An SKU is a stock-keeping unit. It’s an identification code given to products and stores on Amazon.

Luckily, you aren’t charged until you receive your first review.

Use the Request a Review Button in Seller Central

Inside Seller Central, you can request a view from customers inside Order Reports. The feature allows you to send one follow-up email to shoppers within four to 30 days of purchase.

When you click the button, the customer is notified that you would like to hear their feedback.

Now, you’re probably thinking: “Does this ‘Request a Review’ feature actually work?”

In short, yes. According to Jungle Scout, within the first week of the feature’s launch, sellers who used the button saw a 94.7% increase in reviews.

Conclusion

Amazon Vendor Central is a great option if your business is the right fit. If you need help tweaking your account, I have a free Amazon training with checklists, tips, and a profitability calculator.

Feel like you need more help? Let us help you manage your Amazon Ad campaigns and stop wasting money on ads that aren’t bringing in more sales.

Do you think Amazon Vendor Central is the right fit for you?

The post A Starter Guide to Amazon Vendor Central appeared first on Neil Patel.

7 Advanced Facebook Search Operators

Facebook might have started as a way to connect college students, but today it is a full-fledged search engine, much like Google or Bing. The social media giant’s rise to search engine status includes the addition of advanced features, like Facebook search operators.

What are Facebook search operators, and why should you care about them?

Search operators are a powerful tool for filtering search results, but they also have added benefits for marketers and business owners.

Before we get into that, let’s first talk about what search operators are and why they matter.

What Are Search Operators?

Search operators are advanced search commands that make it easier to filter search results based on what you do (or don’t) want to see in search results.

For example, if you were looking up recipes for chicken soup but didn’t want to see results from Pinterest, you could use a search operator to remove Pinterest results by typing in:

“Chicken soup -pinterest”

facebook search operators - pinterest example

Google uses a wide range of these search functions that make it easier to use the search engine, including:

  • @: to search social media sites
  • $: to search for a price
  • : to leave a word out
  • “Quotes”: to search for an exact match
  • . . .: to search a range of numbers
  • OR: to combine searches
  • Site: to search a specific site
  • Related: to search for similar websites

You can also combine these commands if you want to get fancy. For example, you could use “@ neil patel OR kelsey jones” to search for social accounts for both Neil Patel and Kelsey Jones.

Search operators make it easier to find the exact data you are looking for, but they also come in handy for marketers.

4 Reasons to Use Facebook Search Operators

Facebook used to have a feature called the Facebook Graph Search, which allowed users to search for specific content on the platform by using sentences rather than just keywords. It also allowed you to find who liked a page or visited a specific city.

Facebook Graph was changed in 2019, making it much harder to search the platform. Search operators, however, fill that gap by allowing users to search for highly specific content.

How can Facebook search operators help marketers? Here are a few ways you can use those advanced search features:

  1. Research your competitors: See what your competition is up to, including what type of content they share and what topics they talk about. You can also find new competitors in your geographical area.
  2. Find content to share: Search for multiple topics or exact phrase matches to find content your audience will connect with.
  3. Find user-generated content (UGC): Search for your brand name (and common misspellings of your brand name) to find content users have shared about your brand, even if they didn’t tag you.
  4. Research your audience: Understanding who your audience is and what type of content they like can help you build a stronger relationship. Use Facebook search operators to find content on related topics or specific phrases.

7 Facebook Search Operators to Try (and How to Use Them)

Facebook search operators use Boolean operators, which are the basis of database logic. In layperson’s terms, Boolean operators are terms that allow you to broaden or tighten the search results. For example, you could use AND to search for two search terms at the same time.

Below, I’ll cover how to perform each type of Facebook search, explain what information it will help you find, and explore how to use the search operators to grow your business.

I know it might sound complicated, but I promise it’s pretty simple, and the results are worth the effort.

1. Basic Boolean Facebook Search

Boolean searches don’t work using Facebook search, so you’ll need to use Google to perform all the searches we’re about to cover.

Using site: before the name of a site will display search results just for that specific website. Here’s how it works in practice. Type in site:facebook and then whatever search term you’re searching.

Example:

site:facebook.com my favorite murder podcast

This will display the results of groups or posts about the My Favorite Murder podcast.

Facebook Search Operators to Try - Basic Boolean Facebook Search

How to Use This Facebook Search Operator to Grow Your Business

Use this to find groups, pages, and users related to a specific topic. For example, if your target audience is small business owners, you could search for groups and pages for small business owners.

Pro tip: This search works for all websites, not just Facebook. Say you want to find a post from your favorite digital marketing blog or by a specific writer. Then you would perform a search for “site: <website URL> <the term you’re looking for>.”

2. Boolean Facebook Search for Two Terms Needing to Be Present

Using the AND Boolean search function, you can search for two terms simultaneously. For example, if you want to find information about digital marketing and small businesses, you would search:

site:facebook.com digital marketing AND small business

This will display search results related to both digital marketing and small businesses:

Facebook Search Operators to Try - Basic Boolean Facebook Search for Two Terms Needing to Be Present

How to Use This Facebook Search Operator to Grow Your Business

Perform competitive research for a specific niche or find groups your target audience belongs to on Facebook.

3. Boolean Facebook Search for One of Two Terms Needing to Be Present

Similar to the AND function, this search operator allows you to find results for one term or another. Unlike AND, which requires both terms to be present, the OR function allows you to find results including either term.

Let’s say you have a software company that targets customers who have SaaS (software as a service) or those who have a membership site. You would search:

site:facebook.com SaaS OR membership sites

The results will display groups, pages, and posts related to SaaS or membership sites.

How to Use This Facebook Search Operator to Grow Your Business

Research several competitors simultaneously or search for content related to your brand using both your official brand name and a misspelling or commonly used term.

For example, site:facebook.com Moz OR Hubspot would return terms related to both brand names.

4. Boolean Facebook Search for Terms That Should Not Be Present

What if you want to search for a specific term, but you keep getting unrelated results? The NOT Boolean function allows you to remove unrelated search terms.

For example, let’s say you are looking to hire a web developer, but you keep seeing results for designers. You would search:

site:facebook.com web developer NOT designer

The results will include videos, pages, and profiles related to web developers but not web designers.

How to Use This Facebook Search Operator to Grow Your Business

Search for employees or more specific content related to your industry by excluding specific terms. You can also use it to narrow geographical areas with the same or similar names, such as Paris, Georgia NOT France.

5. Boolean Facebook Search for Exact Phrase

Google and Facebook’s search features have gotten smarter in recent years, but sometimes they still don’t get it quite right. If you find your search results are slightly off, you can use the exact phrase match search operator.

This Boolean function tells search engines to only return matches that are precisely the same as your search.

To use this function, add quotation marks to the term you want to search.

Example:

site:facebook.com “mexican restaurant in kansas city”

A list of Mexican restaurants’ Facebook pages will appear in the SERPs, like this:

Facebook Search Operators to Try - Basic Boolean Facebook Search for Exact Phrase

Remember this is an exact match search. The search engine won’t return results that deviate even slightly. Search results for “mexican restaurant in kansas city” versus “mexican restaurants in kansas city” could be extremely different.

How to Use This Facebook Search Operator to Grow Your Business

Find competitors in your area or look for groups or videos related to a specific key term. It might also help you find UGC if your brand name is very similar to another brand or phrase.

6. Boolean Facebook Search to Fill in Blanks

What if you don’t know exactly what you are looking for? The fill-in-the-blank function might come in handy. For example, if you’re looking for a specific person but can’t quite remember their name, you can use an * (asterisk) to tell Google to fill in the blank.

Say you work for Hardrock Cafe and are looking for UGC. Some users might type in Hard Rock Cafe, while others might use Hardrock Cafe. The fill-in-the-blank search operator will return results for both.

Here’s how to use it:

site:facebook.com hard * cafe

Note that this will turn up more than just Hard Rock and HardRock; it returns any results that include Hard and Cafe, no matter what is between them.

Facebook Search Operators to Try - Basic Boolean Facebook Search to Fill In Blanks

How to Use This Facebook Search Operator to Grow Your Business

Use the fill-in-the-blank function to find information about terms that are often misspelled or formatted differently, or if you can’t remember the exact spelling. This search operator is ideal when users might not remember the exact format of your brand name. It can also help with competitive research by broadening searches.

7. Boolean Facebook Search for Local Businesses

Facebook is a powerful tool for local SEO, with more than 1.85 billion daily active users in the United States alone. Using a search operator for local searches can help marketers and business owners find local businesses.

Say you are considering opening a coffee shop in the Rogers Park neighborhood of Chicago. You could use this search:

site:facebook.com coffee shop rogers park chicago

This returns a list of all the coffee shops in that neighborhood.

How to Use This Facebook Search Operator to Grow Your Business

Local businesses can perform competitive analysis or market research to find local businesses in their niche. It might also help you to find brands for a cross-promotion strategy

Conclusion

Search algorithms have come a long way in recent years. However, they aren’t perfect.

Facebook search operators let you filter and refine search results for competitive analysis, find content to share with your users, and even locate groups where your target audience hangs out.

If you want to improve your Facebook marketing strategy, search operators are another tool in your toolbelt. 

Have you used Facebook search operators before? Which one is most useful?

The post 7 Advanced Facebook Search Operators appeared first on Neil Patel.

Top 2 Warehouse Magazines & Publications To Follow in 2021

Top 2 Warehouse Magazines Contents [show] ⋅About this list & ranking Warehouse Magazines Global Trade Magazine » Warehousing Warehouse & Logistics News MHW Magazine » Warehouse Submit Blog Do you want more traffic, leads, and sales? Submit your blog below if you want to grow your traffic and revenue. Submit Your Blog Warehouse Magazines View Latest Posts […]

The post Top 2 Warehouse Magazines & Publications To Follow in 2021 appeared first on Feedspot Blog.

Top 5 Family Travel Magazines & Publications To Follow in 2021

Top 5 Family Travel Magazines Contents [show] ⋅About this list & ranking Family Travel Magazines Family Travel Magazine Family Traveller Holidays With Kids Road Trips For Families Submit Blog Do you want more traffic, leads, and sales? Submit your blog below if you want to grow your traffic and revenue. Submit Your Blog Family Travel Magazines View […]

The post Top 5 Family Travel Magazines & Publications To Follow in 2021 appeared first on Feedspot Blog.

Get in the Fast Lane with Fleet Credit

What is Fleet Credit? How Can it Help a Business?

To understand fleet credit, you need to understand business credit first.

Business Credit

Business credit is credit in the name of a business. When built correctly, it has no relationship to an owner’s personal credit. This is the case even if a business has but one owner, and that person is also the business’s sole employee.

Types of Business Credit

You can divide business credit into three separate categories. Vendor credit is credit you can get even if you have no other credit; often net 30 and similar terms. Store credit is often revolving terms; may require some time in business; and offered by major retailers. And cash credit is more universal credit from providers like Visa, MasterCard, and American Express; harder to qualify for; may require more time in business and more paperwork before approval.

Fleet Credit

Fleet credit has some things in common with both vendor and store credit. Terms can be either net 30 (or net 60, etc.), or they can be revolving. This is credit to buy fuel, and to repair and maintain vehicles of any type.

The kinds of vehicles a business needs to maintain can include taxicabs, trucks, vans (for deliveries or to transport workers or passengers), or company cars.

Industries Based on Vehicle Use and Risk

While any company can use vehicles, some industries solely depend on vehicles to deliver their services. Risk is denoted by SIC (Standard Industrial Classification), and NAICS (North American Industry Classification System) standards.

Typical High-Risk Industries

Normally, high-risk industries have some things in common. There can be high risks of injury on the job. Or an industry may engage in a lot of cash transactions. This is true regardless of the safety record of a particular business, or the majority of its transaction types. Trucking and many other vehicle-intense businesses come under the injury risk umbrella.

NAICS Codes for Vehicle-Based Businesses 

Over the road trucking is considered a high-risk industry. See referenceforbusiness.com/industries/Transportation-Communications-Utilities/Trucking-Except-Local.html. So is local transportation. See referenceforbusiness.com/industries/Transportation-Communications-Utilities/Local-Passenger-Transportation-Elsewhere-Classified.html. And so are taxicabs. See referenceforbusiness.com/industries/Transportation-Communications-Utilities/Taxicabs.html.

Fleet Credit and Gas Cards Today

Small business credit is independent of the economy. But be aware that, as the situation continues, some of the requirements could change. Always be sure to check the links directly, to be sure to get 100% up to date information straight from the source.

The Benefits of Gas Cards for Business

Per the SBA, business credit card limits are high! They’re a whopping 10 – 100 times that of personal credit cards. You can get a lot more money with small business credit. And you will not need collateral, cash flow, or financials in order to get business credit.

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit, even in a recession.

Get Excellent Gas Cards Via Our Business Credit Builder

Gas Credit Cards Credit SuiteOur Business Credit Builder is full of amazing business credit cards. And that includes gas cards! These cards are starter vendors. We know they report to business credit reporting agencies. Whether you’re new to business credit building, or have been at it for a while, it pays to get these cards.

Marathon

Marathon Petroleum Company provides transportation fuels, asphalt, and specialty products, throughout the United States. Their comprehensive product line supports commercial, industrial, and retail operations. This card reports to Dun & Bradstreet, Experian, and Equifax. Before applying for multiple accounts with WEX Fleet cards, make sure to have enough time in between applying so they don’t red-flag your account for fraud.

Qualifying

To qualify, you need an entity in good standing with the applicable Secretary of State, and an EIN number with the IRS. You will need to have a business address matching everywhere. Plus you need a D-U-N-S number, and all applicable business licenses. You will need to have a business bank account, and a business phone number listed on 411.

Your Social Security number is required for informational purposes. If concerned they will pull your personal credit talk to their credit department before applying. You can give a $500 deposit instead of using a personal guarantee, if in business less than a year. You apply online. The terms are Net 15. Get it here: marathonbrand.com.

76

76 is owned by Phillips 66 Company. They sell gas in more than 1,800 retail fuel sites in the United States. This card reports to Dun & Bradstreet, Experian, and Equifax. And it can be used at any P66, 76, or Conoco fueling location.

Qualifying

To qualify, you need an entity in good standing with the applicable Secretary of State, and an EIN number with the IRS. You will need to have a business address matching everywhere. Plus you need a D-U-N-S number, and all applicable business licenses. You will need to have a business bank account, and a business phone number listed on 411.

Your Social Security number is necessary for informational purposes. If concerned they will pull your personal credit, talk to their credit department before applying. If not approved based on business credit history or you have been in business less than 1 year, then a $500 deposit is needed or a personal guarantee (PG). You can apply online or over the phone. The terms are net 15. Get it here: 76fleet.com.

Wex Fleet Card

Wrights Express (WEX Card) offers universal fleet cards, heavy truck cards, and universally accepted business fleet cards. These cards have features that support small business, including a rewards program.

Before applying for multiple accounts with WEX Fleet cards, make sure to have enough time in between applying. This way, they won’t red flag your account for fraud. This card reports to Dun & Bradstreet, Experian, and Equifax.

Qualifying

To qualify, you need an entity in good standing with the applicable Secretary of State, and an EIN number with the IRS. You will need to have a business address matching everywhere. Plus you need a D-U-N-S number, and all applicable business licenses. You will need to have a business bank account, and a business phone number listed on 411.

If you’re not approved based on business credit history, or have been in business a year or less, then a $500 deposit is needed or a personal guarantee. Apply online or over the phone. The terms are net 15 (WEX Fleet Card), Net 26, or Revolving (WEX Flex Card). Get it here: wexinc.com/solutions/fleet-management.

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit, even in a recession.

Fleet Credit Can Help with More than Fuel and Maintenance

All forms of business credit can help you build good business credit scores, as business credit is mainly based on your payment history. As a result, fleet credit can help your business eventually get funding, such as loans and other forms of financing.

But Conventional Banks are Not the Best Place to Find Funding for High Risk Industries

Over 89% of business applications are denied by the big banks. High-risk industries are subject to stricter underwriting guidelines. It is possible to get loans from conventional sources, but it’s not easy. Alternative lenders are often your best bet. Here’s some great funding we’ve found.

National Funding

You can get equipment financing for commercial truck leasing and financing. Up to $150,000 is available. Their requirements are 6 or more months in business, an equipment quote from a vendor, and a 575 personal credit score or better. See www.nationalfunding.com/industries/loans/trucking-business

Or get auto repair shop financing, via leasing.  Their requirements are 6 or more months in business, an equipment quote from a vendor, and a 620 personal credit score or better. See nationalfunding.com/industries/leasing-financing/automotive-repair-equipment.

Kabbage

Kabbage offers loans specifically for truckers. Up to $250,000 is available. Their requirements are 1 or more years in business, and $50,000 or more in annual revenue. See www.kabbage.com/truck-driver-loans.

Crossroads Equipment Lease & Finance, LLC

Get transportation equipment financing. Up to $750,000 is available. Poor credit is not a problem. You can get approval in as little as 24 hours. See https://crlease.com/transportation-equipment-financing.

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit, even in a recession.

Fundbox

You can get a business line of credit. Up to $100,000 is available. No personal credit score is necessary. You must use online accounting software that can link to Fundbox. See creditsuite.com/fundbox and https://fundbox.com/truck-loans.

Credit Line Hybrid

Got good personal credit? Then a hybrid credit line could be the perfect solution. You can get up to $150,000, even if your business is a startup.

To qualify, your personal credit score should be at least 685. You can’t have any liens, judgments, bankruptcies, or late payments. In the past 6 months you should have fewer than 5 credit inquiries, and you should have less than a 45% balance on all business and personal credit cards. It’s better if you have established business credit as well as personal credit. See creditsuite.com/business-loans.

Takeaways

Business credit is credit in the name of a business. Fleet credit is used by businesses to buy fuel, and to fix and maintain all sorts of vehicles. It can help you build business credit and qualify for loans and more forms of funding. Alternative lenders are one option. And the Credit Suite Credit Line Hybrid is even better if you’ve got good personal credit.

The post Get in the Fast Lane with Fleet Credit appeared first on Credit Suite.

A Starter Guide to Amazon Vendor Central

Becoming a third-party seller isn’t the only way to make money on Amazon. What if I told you there’s a way to get rid of the bulk of your seller admin and focus solely on helping a single customer who will sell your products for you? Well, that’s what you can expect from Amazon’s Vendor …

The post A Starter Guide to Amazon Vendor Central first appeared on Online Web Store Site.

Understanding Experian’s Intelliscore and How An Expert Can Help

Experian’s Intelliscore can make or break your ability to get many types of business funding. If it’s bad, you need to fix it. That’s easier said than done however. 

Your Intellliscore is Important, but You Can Still Get Funding If It’s Bad

There are ways to improve your Intelliscore and get funding while you do so, but you need help.  The time is now. Delaying can only make the issue worse.  It helps to understand what your Intelliscore tells lenders about your business, and how Experian comes up with it. 

Understanding Intelliscore

The Intelliscore Plus credit score is a statistically based credit-risk analysis. It helps businesses, investors and possible future lenders make smart choices about who they should do business with.

It runs from 1 to 100, and can deliver insight on how much of a risk a business or business owner may be.

The higher your score, the lower your risk class. The chart below summarizes each Intelliscore Plus credit score range and its associated meaning.

 

Score Range Risk Class Risk Description
76– 100 1 Low
51– 75 2 Low to Medium
26– 50 3 Medium
11– 25 4 High to Medium
1– 10 5 High

 

Although there are more than 800 commercial and owner variables used to ascertain the score, the variables can be split into these pivotal factors:

Monetary

This specific factor focuses on how you use credit. For example, how much of your available credit is currently being used? Are you usines a lot of your credit and not repaying? Responsible credit use is a huge factor. 

Credit Line Hybrid Financing: Get up to $150,000 in financing so your business can thrive.

Payment History

The bureaus call it recency. However, it’s just your current payment status. It’s basically how often any of your accounts become delinquent, the percent of accounts which are currently delinquent, and your overall trade balance.  

Intelliscore Plus is considered to be one of the more reliable tools for determining creditworthiness. One of the ways it maintains this reputation is by identifying the key factors that indicate whether or not a business is likely to pay their debt.

Frequency

Somewhat closely related to payment history, frequency takes into account how often your accounts have been sent to collections, the amount of liens and judgments you may have, and any bankruptcies connected to your business or personal accounts.

On top of that, frequency can also incorporate details pertaining to your payment patterns. Were you regularly slow or late with payment? Did you start off paying bills late, but overtime, reduced this behavior? These things will all be taken into consideration.

If you haven’t started or don’t have a long history of business based transactions, how will Experian rate you?

This is addressed by using a blended model to identify your score. This means that they take your personal consumer credit score into account when calculating your business’s credit score.

What if You Have a Bad Intelliscore? 

If it’s bad, you have to fix it. It’s that simple.  However, it’s not as simple as it sounds.  In fact, you may not be able to do it on your own.  The best and fastest way to fix the issue is to start paying your obligations on time.  

Of course that sounds simple.  However, there is likely a reason you fell behind in the first place.  The fact is, you need business funding to pay your bills and raise your score.  But, how do you get funding without a good score?  There is no one size fits all solution, but there are some things you can do. 

Talk to a Business Credit Expert

If you are struggling with a bad score, you are going to need help.  Not only help with rebuilding your score, but help with funding and fundability as a whole.  Many business owners do not realize that business credit scores, like Intelliscore, are not the only thing lenders consider when it comes to business funding.  There are a number of factors that must be taken into account, but the business credit scores, including Experian’s business credit score,  are a big piece of the puzzle. 

A business credit expert will help in more ways than one.  First, they can help you find the best funding to fit your needs right now, that you can get even with a bad business credit score. Then, they can help you rebuild your business credit and evaluate your fundability overall, showing you how to make adjustments where necessary.  

What Business Options Exist with Bad Credit? 

Now is the time to talk to an expert, before your Intelliscore and other business credit scores get any worse. A business credit expert will likely suggest one of the following options to catch up on debt and start rebuilding your credit. 

Credit Line Hybrid Financing: Get up to $150,000 in financing so your business can thrive.

Credit Line Hybrid

A credit line hybrid is unsecured business financing.  It allows you to fund your business without putting up collateral, and you only pay back what you use.  

Your personal credit score should be at least 680.  In addition, you can’t have any liens, judgments, bankruptcies or late payments.  Furthermore, in the past 6 months you should have less than 4 credit inquiries, and you should have less than a 45% balance on all business and personal credit cards.  

 Now, here’s the catch that helps a lot of business owners out.  If you do not meet all of the requirements, you can take on a credit partner that meets each of these requirements.  Many business owners work with a friend or relative to fund their business.  If a relative or a friend meets all of these requirements, they can partner with you to allow you to tap into their credit to access funding. 

The best part of this type of funding is that it reports to your business credit report, regardless of whether you use your personal credit to apply or that of a credit partner. That means, you get your funding and build your business credit at the same time.

If this still isn’t enough funding, or it won’t work for you, you  may qualify for other options.

Account Receivable Financing

To get this type of funding, you have to have open receivables from another business or government agency, not individuals.  In addition, you need to have been in business for at least one year. The minimum credit score is just 500.

You can get up to 80% of receivables advanced in as little as 24 hours.

Merchant Cash Advance

If you accept credit cards as payment, you may qualify for a merchant cash advance.  You only need a credit score of at least 500.  To qualify, your business must bring in $100,000 or more per year in credit card sales.  Typical approval amounts equal one months’ credit processing volume.  In addition to the application, you’ll need 3-6 months bank and merchant statements. 

Equipment Financing

If you need equipment, it might be better to consider equipment financing.  You will put up your existing equipment or the new equipment you want to purchase as collateral.  Amounts are available up to $10 million with terms ranging up to 60 months. You will  need a credit score of at least 550. 

Real Estate Financing

You can get real estate financing in amounts up to $10 million with terms from 6 to 60 months and interest rates as low as 6%.  You will need a 500 minimum credit score, and there are a few other requirements. 

Credit Line Hybrid Financing: Get up to $150,000 in financing so your business can thrive.

Business Revenue Lending

Another option is business revenue lending.  Again, the minimum credit score is 500.  Your business must earn annual revenue of $120,000 or more, and it must do more than 5 small transactions each month.  If your business brings in at least $15,000 monthly, then 6 months in business is acceptable.  You will have to fill out an application and provide 6 months worth of bank statements. 

Intelliscore, Business Funding, and Help for the Future

If your Intellicore is bad, you need help now.  It will soon become impossible, if it isn’t already, to get the funding you need to run your business.  An expert can help you come up with a plan to get your credit back on track, help you figure out what other issues you may have with fundability, and help you find funding you qualify for now to help you out in the meantime. 

 

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