Debt will always go hand in hand with our modern consumer driven society. Although, to be fair, our society has been driven by money and consumerism since the concept of money was invented.
According to statistics there are 14,482,877 credit cards in Australia as of March 2020, so don’t worry, you’re not alone. It seems daunting but there are ways to climb out of the swirling vortex of anxiety that a hefty debt can land you in.
Debt is a dreaded word for most people. Whether you are going into debt to purchase a car, to buy a real estate property or to finance your business, the important thing is you don’t forget that you are responsible for it. Ask yourself, “Is it a good or bad debt?” If it is a good debt, then you may take into consideration getting it. But if it is a bad debt, you may need to consider some suggestions below on how to get rid of your debt:
Organise Your Debt
How are you going to pay off your debt if you don’t know how much and who you owe? Sit down and make a list of every institution you owe, how much you owe, interest rates and minimum payments you can make. Figure out a repayment plan and stick to it. No fudging the plan. There are many methods, so find one that suits you and stick to it!
Create A Budget
Budgets are tedious and annoying, but a necessary evil. Budgets can “minimise the tendency to overspend each month because you can see how much money you have to play with” . Keep it realistic and be honest with yourself with where you can cut spending and where you need to keep spending: e.g. clothes vs. food shopping, nights out vs. utility bills. Any surplus money at the end of the month should be added to your debt fund. Paying off debt is not a quick job, there are no shortcuts (unless you win the lottery), chip away at your debt and you’ll be debt free and happy…eventually.
Pay in Cash
You’re less likely to spend money if you’re paying in cash. A credit card, “while tangible, does not represent actual money. It’s just a piece of plastic, and a shopper does not see the result of their expenditure for almost a month” . You don’t need to cut your spending entirely. Go warm chicken as opposed to cold turkey. Small expenditures, not treats.
Pick Up More Work
Small business finance company, Max Funding says, “more money coming in means more cash to add to your debt fund. If you can earn overtime or pick up more shifts at work, do it.If you have some marketable skills, like playing an instrument or writing, try and find out if you can earn a bit of money on the side. It will be worth it!”
Put Unexpected Cash Where It’s Expected
Tax returns, bonuses, money from trading in your car or selling your TV, inheritances etc. any non-income related money that you receive should be added straight to your debt fund. These unexpected bonuses might make you believe you should go out and celebrate. Think again. You have responsibilities, you have debt. You can celebrate when you’re debt free, until then: spend smart.
5 eCommerce UX Tips That Drive Sales
88% of shoppers are less likely to return to a website after a bad experience.
ECommerceCompanies.com, a B2B marketplace connecting brands with eCommerce designers and developers, identified the top eCommerce UX tips that brands should incorporate to engage and convert potential customers.
The top eCommerce UX tips are:
1. Simple Primary Navigation
Brands should have well-organized tabs, categories and product groupings to help visitors find what they are looking for easily and quickly.
2. Quick Checkout Process
Businesses should make checkout processes as easy as possible to decrease cart abandonment rates.
3. Minimalist Design
Brands that incorporate minimalism keep their visitors’ focus on products or snippets of text that influence buying decisions.
4. Product Filters
Product filters facilitate and personalize consumers’ searches and allow them to make quicker and better choices.
5. Exit-Intent Popups
With consumers that are not intending to purchase anything, businesses can offer exit-intent popups with special deals, promotions and lead magnets to boost their conversions.
Companies should follow these tips to grow their sales online.
Brands can view the best eCommerce web design companies by price, expertise and location on eCommerceCompanies.com.
This News has been Published in Partnership with PR Newswire
5 Things to Consider Before Hiring a B2B Call Centre Services
The ultimate objective of every business is to generate maximum ROI. Every company is going the extra mile with its strategies to improve profitability. Therefore, outsourcing comes in a game. Many businesses decide to outsource because of two main reasons: to reduce cost & to focus on core activities, planning, and goals.
Nowadays, businesses, regardless of their size and structure, are outsourcing answering services to attain maximum benefits attached to it. If you’re thinking of increasing the reach of your business, improve customer care services, enhance traffic, and ramp up sales, then it is the right time to hire a powerful B2B call center service.
Follow the below-mentioned tips before choosing a service provider for your business:
#1: Understand Core Business Products/Services
Before you begin your search to outsource call center services, you first answer, “what do you offer?” It means that you need to evaluate the core products or services offered by your business. It is an extremely important step when hiring a B2B call center service. Nowadays, many call center providers are working to support different companies. They are specialized enough to resolve customer queries and handle outbound services. It is recommended that you check on your core business activities, goals, and objectives to match with B2B call center vendor’s functionalities and performance.
#2: No Language Barrier
If you deliver products or provide services across the globe, then you must know that your business holds a diversified customer base. Surely, customers belong to different regions, and they speak different languages. Hence, when you’re hiring a B2B call center service, you must ensure that customer service agents can speak and understand multiple languages. For instance, if your business is located in the USA, but you’ve customers in China, Japan, India, and Pakistan. Then, you’re required to choose a customer care firm with a supporting staff that can fluently speak Chinese, Japanese, Hindi, and Urdu. It is best to hire a provider with a multilingual scale to efficiently fulfill your business needs.
#3: Think Through Call Centre Infrastructure
In today’s highly competitive environment, the infrastructure of an organization matters a lot. Although your business has an excellent infrastructure, it is equally imperative to hire a B2B call center service with reliable infrastructure. A good infrastructure entails numerous things. For instance, the provider owns a staff that can handle inbound and outbound calls in the shortest time possible. The providing company is equipped with highly advanced technologies and tools to handle customers’ calls efficiently. Thus, it is suggested that you pick a vendor with a capable infrastructure. To make sure that you can check reviews, interview agents, consider rating or feedback, etc.
#4: Ensure High Security
Holding on to your business security is vital, and it is required that you pick a B2B customer support provider who can maintain the high security of your business’s data. A vendor directly deals with customers/end consumers. So when hiring a B2B call center service, you should ensure that it can protect customer’s personal information. Because customers are a source of business revenue. It is observed that a business has to suffer serious financial losses in case business data/information is leaked, hacked, or stolen. Therefore, you must choose a call center partner who is providing data security, threat detection tools, and a firewall.
#5: Prefer Best Geographical Location
Even though the geographical location of a B2B call center vendor is a small factor to consider, it is impactful in the longer run. Choose a service provider that is placed in the best geographical location. It means the place should be free from any political or social unrest, the chances of natural calamity over there are minimal, the overall security is not an issue, and the government policies of that country encourage the BPO industry. Your business is in a pretty viable position when you check all these factors of the list before finalizing a deal with a provider.
4 Questions to Ask Before Hiring a Business Lawyer
Whether you run a small business or a big one, at some point you are going to need the services of a business lawyer. Some businesses need to hire an attorney in the very beginning, while for others, it can take several years before they feel the need to hire an attorney. Hiring a business lawyer is something that should not be taken lightly. You need to make sure that you are hiring the right man for the job so you can run your business smoothly. A smart businessman always stays in touch with a skilled business attorney so that they can immediately hire them in the hour of need. In this article, I have mentioned a few questions that you need to ask a business lawyer before hiring them. Let’s have a look:
How Much You Charge?
It is always better to get the most important question out of the way in the beginning. Small business owners and startups do not have enough funding to hire expensive lawyers. That is why it is important that you ask the lawyer how much they will be charging in the very beginning. If the price seems high to you, then you can try and negotiate, and if that is not the case, you should move on to another lawyer. It is also important for you to be aware of the average rates, so you don’t pay too much to someone or have unrealistic expectations. Asking about the fee, in the beginning, is the right thing to do because you don’t want to waste time vetting an attorney that is out of your price range.
How Much Do They Know About Your Business?
The first and one of the most important questions you need to ask a business lawyer is how much do they know about your business. If a lawyer has good knowledge about your business, then it is highly likely that they will make a strong case for you. If the lawyer is not aware of the nature of your business, then you will just be wasting money. For example, if you are a small software company and the lawyer you have hired is not much familiar with software licensing, then you will just be wasting money on him.
What Kinds of Clients Do They Work With?
The clientele of a business lawyer also speaks volumes about him. When you are hiring an attorney, ask them what kinds of clients they usually work with. Do they work with small businesses regularly, or most of their clients are big companies. This will tell you about the experience of the lawyer and will give you an idea about their fee as well. A lawyer who works with big companies may be expensive, but he will also have better skills and contacts. Big companies are dealing on the legal side more than small businesses, which means that the lawyer will have a lot of hands-on experience as well. If their clients are mostly small businesses, then it’s not a bad thing either. This means that the lawyers know how to handle small businesses legally or in the courtroom.
What Are their Specialties?
It is highly recommended that instead of hiring a general business lawyer, you hire someone who is a specialized person in that field. If the lawyer you are considering does a bit of everything, then you should look for another option. For example, if you are having tax problems, then you should look for a lawyer who only deals with business taxes and nothing else. Similarly, if you are looking for corporate governance, you must hire a lawyer who provides corporate secretarial services.
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