29Is your business being held back by unsold inventory? Whether you’re struggling to sell a formerly popular product or facing a decline in demand due to a change in the market, selling excess inventory is a great way to get your business back on track.
Whether you’re struggling with slow cash flow or simply looking for new capital to expand your business, getting a business line of credit gives you an incredible range of new opportunities.
Because of the risk that many lenders take in giving credit to a new business, you’ll need to be prepared in order to gain a line of credit for your business. These three tips will help you simplify the process for yourself, your business, and your lender.
1. Go mobile. Undoubtedly, smartphones are revolutionizing the way people make purchases, look for businesses, seek and consume information, connect with brands, hold meetings and much more. Now with over a billion smartphones buzzing 24/7, it’s important that all businesses (not just the big guys) adopt a mobile strategy. A simple tip is to make sure that your website and email communications are optimized for mobile devices (smartphone and tablets). You should be able to not only easily search and pull up your website but the buttons should be large enough and text easy to read on the smaller screens. (Take your mobile strategy to the next level with BizX members, Labs8, iLocal and Apex Datacom).
Business barter networks make it easy for your business to sell products, meet new clients, and operate more smoothly. If you’re looking for ways to expand your sales figures and grow your business, a barter network could be an excellent choice.