Best Credit Cards for Starting a New Business

Credit card is a must-have for any business owners. Utilizing business credit card for purchases for your company is preferred than using your own personal line, which is tailored for individual use and may not seem enough to cover for your business’ expenses that could be too great for a person to afford, so they decide to use investment companies from sites as gboxcapital.com, to help them starting their companies. It will also allow you to separate your personal finances listing from that of your company. Record keeping will be easier and financial reports will be easily generated.

Business credit cards are custom-made for entrepreneurs that need higher credit limits and rewards. But, not all of these are made equal. Here are some of the best business credit cards that new business owners can choose from.

1. Chase Ink Cash Business Card

After spending $3,000 on your first 3 months after opening, you will be given $200 bonus cash. You will also be given 5% cash rebate for $25,000 spent annually on office supplies, mobile phones and cable and TV services.

2. Chase Ink Plus Business Card

This card has relatively generous rewards points. After spending your first $5,000, you will be given 50,000 bonus points. That would be equivalent to $625 worth of travel rewards you can redeem.

Your first $50,000 spent annually on office, mobile phones, TV and cable services and supplies will give you bonus point equivalent to $1=5X.

The card also allows you to pay in full or carry over balances under specific conditions. It also has no annual fee.

3. Capital One Spark Cash for Business

Capital One Spark Cash for Business provides 2% cash rebate on every purchase. If you spend $1,000 within the first three months following opening of the account, you will be given $100 cash bonus. An additional $50 will be extended to you if you sign up for one or more employee cards.

4. Citi Diamond Preferred

The Citi Diamond Preferred Card from Citibank offers 0% introductory APR and balance transfer of up to 18 months. Thereafter, APR will be set at 11.99-21.99%. This will be contingent of your credit score and standing.

It has a retail protection against theft or damage op up to $1,000 within 90 days after purchase. You can also choose your payment due date. This will allow you to schedule your business’ financial activities.

Credit cards provide easy money for young entrepreneurs and budding businesses.  However, there are also some dangers that go with it.

Why Every Retailer Needs A Facebook Page?

Facebook

E-commerce has been anchoring small-scale retailers’ businesses nowadays as people tend to shop online more. Link this trend to social media presence, and you get a combination of a potential driver of growth.

Having a Facebook page is a good idea. Here are the reasons why:

1. 1 Billion global users and counting

Over 1 billion active users worldwide – even a small percentage of this chunk is already a good target audience for you to expose your brand.

2. Conversation station

Your Facebook page should serve as the center of communications between you and your customer. Make it a hub where your customers can openly drop an honest feedback when they like it. Use the platform to politely answer all questions, concerns and address issues aptly.

What to avoid?

  • Avoid being defensive
  • If you are at fault, admit it and lay down action plans
  • Engaging your customer in a fight
  • Negate your customers claim
  • Spam your “likers” or “friends” with multiple posts a day

If you are able to manage your Facebook page well, you can actually build a community on your Facebook page.

3. Extension of the website

Use Facebook as an extension of your actual website. Make sure that contents such as pricing, pictures and stocks are consistent in both platforms. In every post, include the actual link to your website where they can directly purchase the product and pay through credit card or mobile payment methods.

If your website is integrated with Facebook, updates on promotions and discounts will automatically be reflected in your Facebook page. These will appear on the news feed of your “likers” and “friends”.

4. Know more about target audience

By dialogues and interactions with your customers through Facebook, you already get a grasp on what products and services are gaining traction by “likes” and “shares”. The same way you can determine the highs and lows of the day in terms of engagement.

5. Good for SEO

Social and search are already integrated nowadays -hire local SEO Gold Coast – This is why the more visible you are in Facebook, the better your search rankings will be. Remember, most interactions in your Facebook page are organic. Find the best GlassBox Marketing & Consultancy -Singapore SEO & Singapore Digital Marketing Agency.

If you already have a Facebook page, the next assignment for you is to manage it well. Stunning visual contents should always be fresh. If you can afford to, delegate social media management to one person to oversee all the happenings.

If you do not have a Facebook page yet, do your business a favor now. Set-up one immediately.