Cash Crunch? How to Find Hidden Cash in Your Business

CONNOR WILSON | November 9, 2018

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Running a business often comes with a significant amount of challenges regarding cash. From emergencies to new opportunities, there are plenty of situations that can either drain your business bank account or send you scrambling for cash. There are plenty of options as far as financing go, but you may not be willing at the moment to apply for a business loan or a business line of credit. There’s always a better way to do things and adjustments to be made in running a small business. You can even find money in your business that can help you bridge the cash flow issues that could be keeping you from taking that next step. Here are four ways to find hidden cash in your business.

Spotlight

Gympik

Founded in 2013, Gympik is India’s largest fitness discovery & trusted online membership selling platform that rounds up the best gyms,yoga,Zumba and dance classes,Pilate studios, aerobic centres in the city. With more than 12,000 fitness centres,7000 trainers & more than half a million unique visitors on the website each month, Gympik is influencing the way people look at fitness & wellness.It has raised its Series-A funding from US based venture capitalist firm-Round Glass Partners(Seattle).

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Top 12 Email Marketing Tips for Small Businesses

Article | June 18, 2021

The world of marketing has changed with the advancements of modern technology. Today’s marketers use several digital platforms to outreach their prospects. Are you a small business owner and hesitant to try email marketing? Let me ease you with successful email marketing tips for small businesses. Email marketing is the best marketing channel to drive leads. Email marketing remains a popular and lucrative medium yet underrated business expansion techniques with varied mediums to share your information and news. With varied mediums to share your information and news, email marketing remains to be popular and lucrative medium yet underrated business expansion techniques. Many small business owners are under the impression that email marketing is ineffective and is for the big business owners, still small business owners can gain a lot from email marketing. Email marketing is the most effective marketing channel for connecting with the audience. To reap -a high ROI, it is time to bring these email marketing techniques to practice. Why is Email Marketing Important for Small Business? Start-up businesses and small businesses are low on budget and cannot afford to spend thousands of dollars on costly marketing platforms. But aggressive marketing strategy is required to reach maximum people and appear on SERP. Here is the important part of an email, email marketing is cost-effective and engaging new customers as well as retaining the loyalty of older customers. In addition, email marketing is a transparent and honest form of marketing tool. Email marketing fulfils small business needs by helping to reach your target customers, send personalized messages based on customer actions, and promote relevant services to them. Email is extremely versatile and allows marketing, relationship building, and expanding your customer base with well-planned small business email campaigns. As per data from Pew Research, about 92% of adults in the United States use email. Thus, if you want to be competitive in digital marketing, you must take up email marketing. Email Marketing Benefits for Small Business Email marketing benefits your small business in many ways. Here are few ways where it can help you. Email marketing can be personalized for your leads, and in turn it gives a boost to your sales. It is easy to set up. It can be automated, saving you time. You can segment your audience and share semi-personalized emails to them, like sending targeted emails to your audience. You can send promotional emails or new releases. It helps in building a relationship with your leads. Lead generation and lead nurturing. Here are the top 10 email marketing tips for small businesses to enhance the performance of your next marketing campaign. Top 12 Email Marketing Tips for Small Businesses Stay compliant When using email marketing, it is important to be compliant with the CAN-SPAM Act. As per the CAN-SPAM Act, consumers are protected from getting unsolicited emails. Make sure you use the opt-in and opt-out form on your website, where users can choose to subscribe and unsubscribe at their will. Be sure to send emails only to people who have subscribed to your email list. It will help if you abide by the guidelines to avoid any significant fines and other sanctions in case you miss. Personalize your emails When sending an email, keep the style and tone friendly and go beyond just using the subscriber’s name in addressing or subject line. You can follow few more personalized techniques, such as Send anniversary emails. Send behavior-triggered emails. Send personalized videos. Segment your audience and then send personalized emails to give a personal touch and grab their attention. This way, email marketing strategy for small businesses will be more effective. Make signup easy Registration is the most important step among email marketing techniques. Make signup on your website as easy and as accessible as possible. Use an embedded signup form to make the registration easy. Include signup forms on your homepage, blogs, contact page, and your footer, and other places of the site where customers are likely to visit. You can collect all their details and offer them special discounts. This step will help you build a quality email list and capture contact information about the interested audience. Segment your email list This step is one of the significant steps of email marketing tips for small businesses. Once your email list is ready, segment them based on customers’ interest and their characteristics. Segment your list according to your customer’s age, preferences, location, and previous purchases made. A segmentation list is important because each customer differs from the other, having unique needs. Now send a personalized email with special offers and discounts as per these segmented lists. Creating your email segment list will enable you to drive more ROI and effectively target your audience. Write captivating subject lines The subject line of an email is a very crucial aspect of email marketing. It is an important part of the email. Create a stunning and catchy subject of the email because it acts as the first impression on the user. Make sure to keep the subject line short and specific. Try to generate unique and impressive subject lines that raise curiosity and trigger recipients to open an email and not take the chance of missing it. Once you develop a good number of ideas on the subject line, you can go for the A/B testing method. Promotional emails Promotional emails provide special offers and discounts to attract subscribers and customers for your services or products. The main aim of sending promotional emails in email marketing is to convince customers to make purchases. Promotional email offers incentives to drive revenue and sales for a business. Promotional email content and design should be focused on persuading the recipient to act. Make your emails mobile-friendly and optimized for purchases Around 70% of the population use a smartphone for the maximum of their activities, so it is necessary to make sure your emails are mobile optimized. Make sure your email marketing campaign is mobile-friendly and is an effective email marketing technique for small businesses. Format the content of the email correctly and ensure its adaptability to several applications, regardless of where it’s being used (desktop, tablet, mobile) or on which browser. It is important to analyze open-rate, unsubscribe rate, click-through rate, and user action rates for your small business email campaign. This is one of the trendiest and highly in-use email marketing tips for small businesses to gain success . Automated emails Make sending automated emails for small businesses a top priority in 2021. Email automation saves a lot of time. Once an automated email campaign is set, it sends automated relevant emails to the users when a specific trigger is met. Sending automated emails is one of the best email marketing tips for small businesses and is a powerful email marketing technique. Set up an automated welcome email for new subscribers, which will help you to build trust with your new customers. You can make use of email marketing software options to automate B2C and B2B email marketing tasks. Through automated emails, you reach to right people with the right message and at the right time for your small business marketing. Make your emails easy to read/scan Your subscribers are busy people, so make sure your emails are easy to read, not very lengthy, and stick to your user's experience theme. Users will open your email and scan it without spending a lot of time reading the full content of your email. Make sure your content is interesting crisp, and stands out. Use valuable text in the form of bullet points, subheadings, keywords or gifs, or infographics that cover the maximum of your valuable content in just one look. This email marketing tip for small businesses gives your email a chance to stand out from other emails in the client’s list. Design your emails around your brand Design your email that reflects your brand. Make sure your email is instantly recognizable. Follow your brand guidelines for font, image, styles, color palette, and make sure they are consistent with your brand. To make your emails user-friendly, use similar elements as per your website design. Track engagement and monitor results You will be able to send the right information to the people who are engaged the most, which is possible only when you track the engagement. It is important to track various metrics, monitor your email campaign’s success, and take corrective measures required to improve the success. Small businesses need to track the below metrics for their email campaigns: Open rates Click-through rates Conversion rates Referral traffic Bounce rates Unsubscribe rates Monitoring results is a continuous ongoing process. First, monitor the analytics information in email marketing to know what works and what does not. Be consistent with your editorial calendar Be consistent in sending emails to customers from your email list. You can do this by creating a schedule for your email campaign that helps you plan and execute your marketing campaigns. Be sure to contact your recipients more than once a month to keep them interested and subscribed. Not hearing from you for a longer duration hampers the email campaign leading to a significant drop in the subscriptions. Observe consumer behavior and tailor your plan accordingly. Wrapping Up Email marketing is one of the best ways to reach target customers, keep customers informed, and prospects engaged affordably and easily. Email marketing techniques are one of the most effective and beneficial marketing strategies for small businesses to improve their ROI, increase customer engagement, generate leads, and grow business. To launch an email marketing strategy for your small business, pair it with the above email marketing tips for small businesses and benefit from successful email campaigns in 2021. Frequently Asked Questions: What are the types of marketing emails? Email marketing is nothing but sending commercial emails to promote services or products and develop relationships with potential customers or existing clients. There various types of emails sent are welcome emails, promotional emails, lead nurturing emails, email newsletter, sponsorship emails, transactional emails, brand story emails, and many more. Every brand is different, so tailor your email marketing strategy accordingly. Why small businesses need email marketing? Email marketing helps small businesses increase brand awareness and credibility, contact customers, and provide them with up-to-date information about your business. Email marketing helps to generate leads and turn them into sales. The biggest benefit email marketing offers to small businesses is that it allows reaching the right audience at the right time. Is email marketing still effective for small businesses? Often small business owners are under the impression that email marketing for small businesses is not effective, and it is just for big business owners. On the contrary, email marketing is the most impactful marketing channel for small businesses connecting with the audience. { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [{ "@type": "Question", "name": "What are the types of marketing emails?", "acceptedAnswer": { "@type": "Answer", "text": "Email marketing is nothing but sending commercial emails to promote services or products and develop relationships with potential customers or existing clients. There various types of emails sent are welcome emails, promotional emails, lead nurturing emails, email newsletter, sponsorship emails, transactional emails, brand story emails, and many more. Every brand is different, so tailor your email marketing strategy accordingly." } },{ "@type": "Question", "name": "Why small businesses need email marketing?", "acceptedAnswer": { "@type": "Answer", "text": "Email marketing helps small businesses increase brand awareness and credibility, contact customers, and provide them with up-to-date information about your business. Email marketing helps to generate leads and turn them into sales. The biggest benefit email marketing offers to small businesses is that it allows reaching the right audience at the right time." } },{ "@type": "Question", "name": "Is email marketing still effective for small businesses?", "acceptedAnswer": { "@type": "Answer", "text": "Often small business owners are under the impression that email marketing for small businesses is not effective, and it is just for big business owners. On the contrary, email marketing is the most impactful marketing channel for small businesses connecting with the audience." } }] }

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3 Of The Most Common Bank Loans For Small Businesses

Article | April 7, 2020

Securing a small business loan is challenging. However it’s always advisable to head off to your local bank for a loan when the need for cash hits and investor money isn’t available and/or wanted. Well that’s because banks tend to have a few more scruples than higher-risk lenders, and will offer more favorable terms, specifically regarding the interest rate you’ll have to pay on the loan amount. Using the bank to help you pay off sudden emergency needs, or eliminate higher-interest debt, can save you hundreds or thousands in interest payments. A small business loan, including lines of credit, are also less expensive than credit cards, which generally have much higher interest rates.

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Transitioning A Side Hustle Into A Successful Business: A Detailed Guide

Article | August 11, 2021

Currently, over 70 million Americans have a side hustle. That's approximately 45% of the working population. Starting a side hustle has many benefits, as you can earn extra income, develop new skills, become a small business owner and quit your day job. But how do you transition your side hustle into a full business? This article will cover eight steps you need to follow to turn your side hustle into a successful business.

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As Small Business Hiring Booms, Distributors Sit on the Sidelines

Article | March 5, 2020

As most industries allocate time, money, and other resources into finding new employees in a labor market where the national unemployment rate is hanging at 3.5% — and substantially lower in some areas — at least one index says that distributors are sitting on the sidelines. According to the CBIZ Small Business Employment Index (SBEI), which tracks hiring trends for U.S. companies with 300 or fewer employees, 2020 kicked off with a seasonally-adjusted increase in hiring of 1.61% for January. “This is a notable improvement over the 1.16% decline in December,” CBIZ SBEI says. “It is also a remarkable number for January, as companies tend to contract their labor forces due to the end of the holiday shopping season.”

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Spotlight

Gympik

Founded in 2013, Gympik is India’s largest fitness discovery & trusted online membership selling platform that rounds up the best gyms,yoga,Zumba and dance classes,Pilate studios, aerobic centres in the city. With more than 12,000 fitness centres,7000 trainers & more than half a million unique visitors on the website each month, Gympik is influencing the way people look at fitness & wellness.It has raised its Series-A funding from US based venture capitalist firm-Round Glass Partners(Seattle).

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