Category: Business

A money loan refers to a type of loan that is made to help people manage their financial needs. A “money loan” is typically intended to provide the borrower with a sum of money that they can then use for whatever purpose they have in mind, without the need of having to apply for a separate bank loan.

1. Fast approval

Money loans are a fast and simple way to get access to money as soon as you need it, without the need of having to wait weeks or even months for a bank loan to be cleared. When a person applies for a typical bank loan, they need to prove that they have a stable income and enough savings (in case the bank decides to ask for some collateral), which can take up to around two weeks or even more in some cases.

2. No collateral is required

In addition, a money loan does not require you to provide any kind of collateral (such as your apartment, car, or even jewelry) that the bank can take in case you fail to pay back your loan on time. Most people prefer taking out a “money loan” instead of getting a bank loan because they are usually easier to obtain and you don’t need to provide any kind of collateral.

3. Lower interest rates

The interest rates for a money loan tend to be lower than those applied by most banks, which makes this a great solution for people who are looking to get access to money as soon as possible and want to pay a lower price for it. The average interest rate for a money loan is between 10% and 20%, which is significantly lower compared to the one on most bank loans (between 8% and 12%).

4. No need for a guarantor

In cases where a person has a stable income, it is usually unnecessary to have a guarantor (someone who will be responsible for paying the money loan back). However, in some difficult financial situations, it can be difficult to obtain a money loan without having someone to provide a financial guarantee. In such cases, it may be necessary to ask some close friends or family members to support you until you manage the repayment process.

5. You don’t need to provide a lot of information

Furthermore, when applying for a money loan you do not need to provide a lot of personal information. Typically, you will be required to provide some kind of identification documents such as your passport or driver’s license, proof of employment, and salary slips. There is no need to provide any documents regarding the property that you own or any other kind of financial savings that you might have accumulated in the past.

Conclusion

Money loans are an excellent way for people to get access to the money that they need. They are easy and fast to obtain, straightforward with regards to the information that you need to provide and they don’t … Read the rest

In a world full of emerging technologies, a new tech-based business can face many challenges. These technologies provide both resources to be utilized and problems to be solved. One problem that all new tech businesses face though is how to get the money to fund the research and experimentation required to ensure that the business survives its early stages of development. Here we will discuss whether angel investors vs venture capitalists are the better choice to pursue for investment at a given stage in the growth of a business.

What is an Angel Investor?

An angel investor is conceptually similar to a patron of the arts, in that they are often investing with their focus on helping a company with merit get afloat or keep afloat. An angel investor is usually looking to make a profit from their investment, but they may take that profit as a longer-term return that the company they are supporting will be better suited to pay back and which will put them under less pressure in the shorter term. By deferring profitability on the investment, an angel investor can improve the chances of the company they are investing in having the short to medium-term funds that they need to become a success. The angel investor may be more influenced by the direction the company is planning on taking with their business than with a high degree of proof that the business will produce a large payoff, but they will still expect some indicators that the business is genuine.

What is a Venture Capitalist?

A venture capitalist is an investor who is looking for riskier investments that show signs of having a large long-term payoff. They generally focus on investment into new technologies that have the potential to be taken up by the market they are targeted at with a high growth curve. Venture capitalism is usually hit-driven, so this type of investor may be prepared to invest in businesses that are less proven in the hope that some of these businesses will succeed and provide the profit to cover any failed investments. For this type of investment to work the investor needs a decent amount of information to work with, however, so the central ideas of the business should have some practical proof behind them.

How do you decide which is better for your project?

When deciding whether angel investors vs venture capitalists are better for your business, you first need to take an objective look at how these different types of investors will perceive that business in its current state. Each new business has a growth pattern that emerges over time. An early-stage business will be a riskier proposition for an investor but may have original ideas and resources with sufficient merit that may indicate a long-term payoff that makes that risky investment worthwhile. At a slightly later stage, the business may show more signs that its initial promise has the potential to be realized and may be more appealing to a different type … Read the rest

Using gadgets like mobile phones become part of our daily lives. Many people are using it not just the adult and teens but even the oldies and kids. Most of them use this gadget for communication purposes, entertainment, to help them on their studies and work, as a tool in their business, and other related reasons for using mobile phones. Text messaging becomes a trend nowadays. These are the top reasons why your business needs to consider using text messaging services.

To Reach Your Contacts Easily

The easiest and fastest way to reach your customers is through text messaging especially reaching those people who are living in remote areas. They can easily receive your text messages as long as they have a telecom signal and they are using the same phone number. Many businesses use text messaging because almost everyone is using their mobile phones and they always bring this gadget anywhere and everywhere they go.

To Promote Something

Text messaging is the best way for a business to promote something like if there are new products or services, discounts or promos, or promoting some business activities that are needed to inform the public especially your loyal customers. It’s a great tool to advertise something that will give important info to your contacts. Billboards, radio ads, or TV ads are some of the options for promoting your product but the best way to directly communicate to your customer is using this text messaging service. Your message can also be personal like you can greet your customers during their birthdays and special occasions like Christmas and New Year.

To Save Resources

Another reason why you need to use text messaging services is to save your financial resources especially if you are a start-up business. A text message sent to many contacts costs only a cent in some countries and there are text promos that you can avail of from different telecom companies. You can avail of their unlimited text for 1 day or 1 week at a lower cost. Reaching your customers like making follow-ups, asking important info, knowing their feedback and suggestions from them are no longer a problem because a text message is just one sent away.

Texting base is an online text messaging platform and a business text messaging software that helps your business reach your customers and a target market that will save your money, time, and stress. You reach them at their website textingbase.com for more info about the text services they offered.… Read the rest

Are you looking for ways to market your business better? The trick might lie with SMS marketing. More and more business owners are embracing this marketing option because of the many benefits that come with it. Increasing the profitability fo your business may be as easy as sending a text blast to your customers. Here are 4 reasons why you should consider SMS marketing for your business.

1. It is inexpensive

While most business owners are spending a lot of their funds on expensive apps, some have learned to reap the benefits of text messaging for their service and product delivery. It does not require the purchase of expensive software and hardware. All you need is a smartphone and a messaging app such as textedly and you are good to go. Chances are that most if not all of your target customers own a phone. This is already half the work done for you. You can handle the texting or make use of your staff to engage with customers.

2.Direct mode of marketing

With text messaging, you do not have to worry about your marketing campaign not generating leads. You can easily text and receive feedback from your customers in real-time. People are always on their phones and the chances of them reading your text messages are very high – research shows that this usually happens within 15 minutes of the message being delivered. If you send a text blast, there is a 50% chance of return on investment, according to studies. With such a direct marketing option, you can improve your profitability in no time.

3.Multi-Use benefits

With a text message, you can embed links to your website or send a reminder for your customers to read an email that you sent. The message can also contain links to your other social media sites such as Facebook, where they can access discounts, offers, and browse new products or services.

4.Monitoring and tracking capabilities

With text messaging, you can easily monitor and track your customer engagement. This data can help you know when to revamp your marketing technique. The data you obtain can also be measured against your profit or loss margins to track progress or decline in business. The good thing is that you can also get direct feedback from customers via the messaging app. This direct feedback is important for any business owner and it enhances customer engagement.

With these top 4 reasons, you do not have any excuses not to improve your marketing strategy today!… Read the rest