7 Best Cities For Young Entrepreneurs to Live in 2020

You’re young and motivated. You’ve had the entrepreneurial bug ever since you can remember. The thought of working your tail off to make someone else rich completely demotivates you.

You want to work hard and reap the benefits yourself.

If this sounds like you, it’s time to look at the best cities to move to that will give you a leg up on your entrepreneurial dreams.

Here are the best seven cities in America to move to as an aspiring entrepreneur.

1. Oklahoma City, OK

You read that right. Not NYC. OKC.

Here, you’ll find a city with a median age of only 34 years old. In fact, 67% of the entire population is under the age of 44.

Oklahoma City has 1,842 young entrepreneurs living in the city, which makes up 13% of the entire population. The city has worked hard to bring in as many millennial entrepreneurs as possible.

You should be one of them. You’ll feel right at home.

2. Salt Lake City, UT

Salt Lake City is well-known for having a huge tech industry. As such, it’s a magnet for young entrepreneurs.

There are currently 1,973 millennial entrepreneurs calling Salt Lake City home, which is 17% of the city’s population. This will give you countless networking and idea-sharing opportunities to help drive your career forward.

You won’t go wrong by advancing your entrepreneurial career forward in Salt Lake City.

3. Denver, CO

The number of millennials migrating to Denver is well-documented. Today, almost 4,000 young entrepreneurs live in the city of Denver. They make up about 12% of the city’s entire population.

Millennials love living in Denver due to the active lifestyle the city brings. There’s always a lot to do on off times. Follow your non-work passions like hiking and skiing. Then enjoy the largest number of microbreweries you can find outside of Portland, OR.

4. Portland, OR

Speaking of Portland, it comes in as the number 4 best city for young entrepreneurs.

Currently, there are nearly 2,800 young entrepreneurs living in Portland, making up around 11% of the population.

Portland is known for celebrating the “weird” in its culture.

If you’re more of the series type, you can explore the Oregon Zoo which protects dozens of endangered species. You can also head to the Portland Japanese Garden or the Oregon Museum of Science and History.

5. Miami, FL

The number five best city for young entrepreneurs to live is in Miami, FL. In fact, overall Miami ranks at the top of the list for the rate of brand new entrepreneurs in a city, with over 560 for every 100,000 adults starting their own businesses each and every month.

Miami’s pollution levels and overall infrastructure are some of the absolute best in the country as well. Beyond that, it’s near the top of the list for venture capital money, with a total of $1.3 billion in investments in 2018.

With that said, if you’re already in Miami, but want to try out another great entrepreneurial city, contact Suddath Miami long distance moving company.

6. Minneapolis, MN

Trailing only Detroit and Chicago as the largest overall Midwest economic centers, Minneapolis has nearly 4,000 young entrepreneurs, making up about 11% of the overall population.

It’s also home to Fortune 500 companies and US Bancorp, Target and Ameriprise Financial.

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7. San Jose, CA

Deep in the heart of Silicon Valley, San Jose is known for successful tech entrepreneurs. Many of them are young entrepreneurs. In fact, nearly 2,200 work in the San Jose metro area, which makes up 11% of San Jose’s population.

San Jose is a global city, and is designated as a US Foreign Trade Zone.

Choose the Best City For Your Dreams

There’s never been a better time to pursue your entrepreneurial dreams. Choose the best city for you, then get the ball rolling!

Choosing the Best Broker for Your Financial Investments

Best broker for financial investments

Investing a portion of the profits is a practice that many businesses now follow. It not only helps to diversify the income stream but also offers a better return than merely placing money in a bank savings account. With this in mind, it is clear to see financial investment is a route to stimulating business growth and helping to maximize profits. The good news for any business owner is the sheer range of financial markets available to invest in. From Bitcoin to shares, FX and beyond, there are many ways you can put your spare profits to good work.

Before you do though, it is important to find the best financial broker to invest with. Most businesses now use online brokers for the convenience and ease of use they offer. But what should you look for before signing up with one?

Read Online Reviews

Whatever you decide to invest in, you need to find a broker that is honest and reliable. After all, it is your own money that is at stake. One way to find a broker you can trust is to use the internet and read online reviews. This will help you to see what services brokers offer and what real-life traders who use them think of the service provided. Online reviews are also helpful for picking up on any brokers who have a history of issues or problems. This top-notch etoro review shows why, and is an illustration of what online reviews can offer.

Check Out the Customer Service

This is a useful tip as you will want excellent customer service from the broker you choose to use. Efficient customer service ensures you will always get a prompt answer to any future problems and have any issues resolved quickly. Checking out how a broker treats its customers will also enable you to find out how welcoming their support staff are and how professionally they deal with you. This is simple to check as all you have to do is phone, email or use Live Chat on the broker site to make contact. If you find you can never get an answer or the staff who do so are rude, it is best to move on.

Make Sure They Are Licensed and Safe

Although making money is the main goal of financial investments for business, staying safe online is also essential. This is the major reason that choosing your broker carefully is so important. Have a look at any you are interested in to see if they hold the licenses and regulatory authority required to allow them to operate. Having such protection and a means of getting any ongoing issues resolved if needs be is vital. You should also make sure that the website is secure and uses the latest security SSL technology to protect your data.

Do Your Research

The main takeaway is to carefully research any broker you might choose to invest with before signing up with them. Doing so will help to protect your money and also your sensitive personal data.

Smart Reasons to Get a Loan for Your Small Business

Small Business Loans

Most business owners think about getting a loan for their small business at some point, though it’s something to be avoided if possible—until you really need it. There are plenty of options out there to secure that loan, from banks to private lenders and from payday lenders to friends and family. If you’re wondering if it’s time to check with one of these options for a loan for your small business, read on below for a few reasons it might be the right thing to do.

You Need Equipment for the Business

Whether it’s a document scanner app or a whole new set of computers, replacing equipment or adding equipment to a business can be an expense that requires you to get a little help. It’s a fact that your business needs equipment such as computers, IT services, and other machinery to make a go of it, and for it to continue to be a success.

However, take the time to consider the must-haves for your business, as opposed to the “nice-to-haves” before deciding to take out an equipment loan for the products you need.

You’re Looking to Expand to a New Location

There comes a time in every successful business owner’s life when they decide it’s time to expand their business. Signs that it’s time to expand include not having enough room for customers or having a ton more product than you do space for storage.

Before you look for a way to secure a loan, however, make sure to figure out how you will pay for this expansion in the long run. The last thing you want is loan payments coming due, and not having enough customers to make the money you’ll need to pay the payment. In other words, don’t rush into expanding without doing the research and creating the projections you’ll need to help make that expansion a success first.

You’re Trying to Build Credit for the Future

If you’re just starting out, it’s possible that you don’t have enough credit built up to be able to get the loan you want to expand or add more inventory to your business. A short-term loan is perfect for looking out for the future, as it helps you build the credit you need for that expansion when the time comes. There are quite a few ways that you can go about building your business credit, you just have to know where to look for them.

You Need More Employees to Run Your Business

When your business starts expanding, you’ll be wearing more hats. After a while, as your business continues to grow, you’ll need help with different things. Whether it’s hiring more employees for the front of the house in your diner or hiring a bookkeeper or someone to handle marketing, employing people takes money. This is something you can get a loan for, just make sure that you really need the employees and won’t have a hard time paying long term, before you apply for the loan and go on a hiring spree.

You Want to Add More Inventory

Inventory is what you offer your customers, and the more widespread your business becomes, the more inventory you’re going to need. Since inventory is one of the most expensive parts of running a business, it stands to reason that you might need a loan to be able to afford to add more inventory when the time comes. Create a sales projection to ensure adding more inventory is the right choice at this moment first, however.

These are just a few reasons that you might want to get a loan as a business owner. From expanding to hiring and from building your business credit to adding new equipment, these are concrete reasons to ask for a loan, and possibly get one as well.

6 Reasons Why You Need a Social Media Analysis From Net Base

Social Media

Struggling with your social media efforts? Are you wondering what’s a social media strategy?

A social media strategy helps your business use social media to achieve its goals and take advantage of the tools that are available to you.

Posting on social media without a strategy can be a waste of your time and efforts. Posting without a reason or goal in mind will get you little return from social media marketing.

Here are six reasons why you need to implement a social media strategy as part of your marketing efforts.

1. Strong Organic Presence

This one of the biggest reasons why you have a social media analysis. You’ll organically grow a presence online. You’ll have your social media posts planned ahead of time and have them scheduled.

This helps you post consistently so you can create a strong organic presence. Not being consistent is the number one problem that most businesses have with social media.

2. Save Time

Another benefit of taking on social media analysis is to save time. It’s bad enough that social media wastes a lot of time. Why wouldn’t you want to save time so you can focus on more important matters?

Coming up with a content calendar and posting content will be a lot of work at first, but you need to schedule your posts in advance so you can reduce time posting on a regular basis.

There’s no need to wonder what you’re going to write. You can determine what’s working and focus on the tasks that matter.

Read Also: Top Social Media Marketing Mistakes to Avoid

3. Hit Your Goals

Implementing a social media strategy allows you to hit your goals. You’ll tweak your social media efforts so you can work towards your business and marketing goals.

Having a strategy in place allows you to outline your goals so you can create posts that help you target those goals. You’ll also want to keep track of your social media goals so you have a bigger goal you can work towards and ensure that what you’re doing is working.

4. Target Your Audience

Target Your Audience

Social media analysis helps you reach out to your target audience. That strategy should include engaging with your audience using a combination of open-ended questions and polls.

You should also update them on new products or services and other relevant news. You should also create content that addresses your audience’s pain points and how you can solve that problem.

5. Create Better Content

A social media analysis allows you to see what’s working and what’s not working. If your social media strategy is in line with your goals, then you’ll continue creating that content that best resonates with your audience.

You’ll also take advantage of the latest tools and features on the social media networks. For example, you can create live videos on Facebook or Instagram.

There are several ways to create your own Twiter chats. It’s the perfect opportunity to get creative with your social media posts. Plus, you get to show your audience what you’ve been working on.

6. Get Ahead of Your Competition

One more reason why you need a social media analysis is so you can stay ahead of your competition. When your social media posts are planned out, you can add details that will put you ahead of other brands in your niche or industry.

A social media analysis helps you develop your brand story and voice, determine what’s working, and get familiar with your accounts. As a result, you’ll end up with consistent posts that provide value to your audience.

NetBase can help you get back on track with your social media efforts. We can help you implement a strategy that causes an increase in leads, conversions, and sales. NetBase has posted millions of social media posts every day for businesses in all sorts of industries.

How Do I Find Unclaimed Money for Free?

Find Unclaimed Money

Unclaimed money sounds too good to be true, and if you get a call from someone offering free money, there’s a good chance it’s just a scam. But there is unclaimed money out there, and if you go looking for it yourself, you can avoid those scammers altogether. Here’s everything you need to know about where unclaimed money can be found and how to search for it on your own.

How can there be unclaimed money anywhere?

No one would pass up a few dollars sitting on the sidewalk, so how can there be unclaimed money anywhere? It’s hard to imagine, but the truth is that life just gets the best of people sometimes. You may not notice a letter reminding you of a refund or don’t keep careful track of how big the tax refund you should be getting is.

Not only can people lose track during the course of normal daily life, but sometimes unclaimed money loses track of people. If you’ve ever moved, changed jobs, or gone from being a student to working full time, it’s possible that notices about your money never reached you.

What kind of unclaimed money should I look for?

Back wages or pension

A lot of people have unpaid back wages due to them or pension money they don’t know about. To find wages and pensions, you have to contact the Department of Labor. In both cases, you need the name of the person who might be owed money as well as the name of the company they worked for.

Bank and credit union closures

Most banks and credit unions are covered by the Federal Deposit Insurance Corporation, or FDIC. If these institutions should fail or close, any money you had in them is covered by the FDIC, and you can get it back. To look for this kind of unclaimed money, you need to hunt through the FDIC database.

State money and property

Every state has unclaimed money and property in stock certificates, insurance checks, bonds, unclaimed bank accounts, and lost checks. If the state can’t find the owners of these items, they are simply held in the hopes the owner eventually comes looking. To find this unclaimed money, you have to go directly to the state database for every state you’ve lived in.

Tax refunds

Sometimes the IRS owes people money but can’t find them. This might happen if you moved before a refund check could reach you or a refund was reassessed later than normal and you weren’t made aware of it. To find this money, you have to reach out directly to the IRS.

Mortgage insurance refunds

Anyone who paid for mortgage insurance through the Federal Housing Administration may very well be due a refund. If you never received one, you have to look through the HUD database with your case number to find it.

Uncollected inheritance

It is not at all uncommon for someone to be a named beneficiary in a will and be unaware of it. The lawyers for a deceased person’s estate will make an effort to find all the beneficiaries, but they aren’t obligated to keep looking forever.

Rebates and refunds

This could be anything from an unclaimed rebate on something you purchased a long time ago to a refunded portion of a utility bill. Unfortunately, these can be very difficult to track down.

Searching for missing money

Doing your own search for unclaimed money can involve more time and effort than you have to give. An unclaimed money search through a third-party makes it a lot more feasible to locate the money you’re owed. Without third party help, you have to go to every database on your own, and it can be easy to miss something important.

There’s around $60 billion in unclaimed money and property in the United States just waiting for the rightful owners to find it. Even if you think there’s nothing out there for you, you just never know until you look.

Money Management Tips When You are Injured and Out of Work

Injured

Being out of work due to an injury can be a very stressful time. As you work to recover from your injury, you must also find a way to make ends meet without your regular income. However, there are some things you can do to adjust your spending habits and potentially also generate income for your family. These small changes could have a big impact on your financial situation during this challenging time. Consider the following money management tips when you are injured and out of work.

Find out How You are Spending Your Money

Whenever changes to your financial situation occur, it is a good idea to sit down and evaluate where you are currently spending money. There will always be essential expenses like food, housing, and transportation, but you are likely putting money toward unnecessary items as well. Study your most recent bank statements and create two lists of expenses. On the first list, note all necessary expenses. This would include your rent or mortgage, car payment, utilities, and grocery bills. Next, write down all of the unnecessary expenses over the last month. This could include anything from movie tickets to new clothes, even salon appointments.

Add up both lists and compare it to the amount of money you have in savings. When you are injured and out of work, there is likely a discrepancy between how much money you spend on average per month, and how much more you are bringing in or have in savings. The most important thing is that you have enough money to cover those necessary expenses. Now that you know how and where you are spending money, you can begin to create a financial plan for the future.

Create a New Budget

When you’ve been injured in a car accident, it can be hard to predict when things will be back to normal, both physically and financially. During this time, you may need to make some difficult financial decisions. After making a list of how you spend your money, and being aware of your current financial situation, it is time to create a budget, and, more importantly, stick to it!

As previously mentioned, you will have a set number of essential expenses. You certainly can’t live without food, shelter, and utilities. However, there are things you can do to cut corners on these necessary costs. For instance, you can choose to eat more home cooked meals, instead of take out, and you can purchase your food with coupons or shop sale items at the grocery store. You can also make a commitment to not waste water or electricity while at home. These small steps could help to lower your costs significantly over the next several months.

Next, decide which unnecessary expenses you can do without. While this is never enjoyable, it may be the only way to make ends meet while you are out of work. Some changes may be easier than you think. Rather than spending on movie tickets, you can wait until the movie is available through rental services. Instead of a daily five dollar latte, you can learn how to brew your favorite cup of coffee at home, for much less money. You may decide that some of these non-essential expenses are still too important to give up. In that case, put a limit to how much you can spend on that particular item over the course of the month. If you must buy new clothing, for example, set a maximum limit that will still work within your budget. Again, with any budget, the most important thing is to stick to it.

Find Extra Ways to Bring in Money

Living with no income coming in can be a stressful and scary time. While you may not be able to work your full time job while you are injured, you might be able to find other ways to bring in money. First, assess your physical health. Perhaps your current job is not physically demanding, but the commute is a struggle. You may be able to work from home and receive all, or most, of your existing paycheck. Perhaps an injury is keeping you from working a physically demanding job, but you may still have the ability to work from home. Check local job listings for remote jobs, and consider working from home as a customer service representative or a virtual assistant. These are often part time, and may come without benefits, but they may be just what you need to cover your expenses.

If working is not an option, consider other ways to generate money for your family. Look through your home for all unnecessary or unwanted items. You can sell these through a yard sale or on any of the online sales sites. Not only will you make some extra money, you’ll be decluttering your house in the process! You can offer your services as a house or pet sitter, as well, depending on your physical ability. If you have a talent for crafting or art, you may also be able to put that talent to use to generate additional income.

Avoid Maxing Out Your Credit Cards

In a financial pinch, many people rely on credit cards to help get by. This may be a helpful option to help pay for holidays or an unforeseen expense. Unfortunately, it may take months before you can return to work, or years until you receive a settlement from the insurance company. Credit cards should be seen as a short term solution, but your financial situation may be long term. Consider spending on your credit cards only when you know you’ll be able to pay off the bill when it arrives. If not, you could end up in a worse financial situation than you were before your injury.

Consider a Pre-Settlement Cash Advance

While you are out of work due to an injury, you do have another option for financial relief. A pre-settlement cash advance is a form of lawsuit funding designed to provide financial assistance while you wait for your personal injury case to settle. The money is not a loan, but rather a non-recourse investment in your case. The provider of the pre-settlement cash advance is simply buying the right to a portion of your settlement once it’s received. Often, this money is provided risk free, which means if you aren’t awarded a settlement, you owe nothing.

The process to qualify and apply for a pre-settlement cash advance is simple. If you have a pending personal injury case, you are working with an attorney, and you are at least 18 years old, you likely qualify for funding. To apply for lawsuit funding, contact the pre-settlement advance provider who will request basic information about your case from both you and your attorney. An underwriter then reviews the information and can provide you funding fast, often within 24 hours!

Making changes to your spending and budget is never easy, but often necessary when you are out of work due to an injury. These money management tips, however, will hopefully help to alleviate some of the stress of lost income. Start by looking at where you currently spend your money, and determine which of these purchases are necessary and which are not. Next, look to make small changes, like using less water or making your coffee at home. Look for ways to bring in additional money, whether through selling some of your unwanted items or by taking on small jobs, if you are physically able. Avoid maxing out your credit cards, but consider other types of funding, like a pre-settlement cash advance. Soon you will be on the road to recovery—both physically and financially.

How Syncing Your Apps Can Help Your Business Make More Money

Syncing Your Apps

Using a service like Piesync to sync the apps you use for your business can help you to streamline operations to create more time, as well as allowing you to use automatic marketing. Automatic marketing goes on in the background without requiring any input from you, so as you can probably guess, it also helps to free up time for you to focus on other aspects of your business. Here’s exactly how syncing your apps can facilitate successful business.

Content and Audience

Your mailing list or database of customer information is one of your most lucrative assets as a business, as it is your biggest source of income. Successful businesses rely on regular customers and a strong reputation. Therefore, the most important apps to sync are your marketing apps with your email app.

This allows intelligent automatic marketing technology to search for potentially profitable content from your communications with your customers, which it then uses to create marketing resources. It can also search for the information it needs from email content to form certain audiences and assign content to them.

Syncing your marketing and email apps then allows these marketing materials to be sent out to the relevant audiences in bulk, all without any input from you. This steady, constant stream of marketing activities going on behind the scenes creates a passive income, therefore freeing up time for you to spend focusing on other aspects of your business operations. This is particularly useful in the early days when you have limited staff and capital, and you’re being pulled in lots of different directions.

Contacts and Remote Access

Using something like a HubSpot Outlook sync also allows you to access contacts from either app, as you will usually need to do this multiple times a day. This saves you time as you don’t need to manually input them yourself, which can be a very time-consuming process. Any changes you make to contact details on one app will be automatically transferred between apps too; saving you even more time.

Syncing apps like this creates a more streamlined marketing interface, and thanks to the digital aspect you can also access it remotely on things like mobile phones and tablets. For the typical busy business owner who is constantly on the move, this is a huge benefit as it allows you to retain control wherever you go.

As you can see, syncing your apps has a number of great benefits. Firstly, it allows automatic marketing technology to find valuable content in your communications and use it to create marketing materials to send to specific audiences. Secondly, it allows you to access all the information you need from one central app, therefore freeing up your time, and carries out constant sync updates; saving you the hassle of doing it manually. And finally, syncing your apps allows you to have remote access while you’re out and about. For more business tips, have a look at yourmoneysite.com, and their useful articles such as a comparison between international and domestic e-commerce businesses.

Famous Personal Injury Claims

Injury

If you’re looking for financial advice, take a look at yourmoneysite.com. There are many times in life when you can come into some unexpected money and it’s important to know what to do if you do. Take these personal injury claimants for example. Personal injury is any injury to the body or mind which has been inflicted upon you by another. Lots of people make personal injury claims all the time, mainly as a result of injuries gained in the workplace. Personal injury is something that could occur at any time and it is important that you are prepared in case it does, so make sure you have a specialist lawyer on hand, such as west coast lawyers. Here, we run through some of the most well-known personal injury cases to date.
9/11

It goes without saying that the famous attack by terrorist group Al Qaeda during which New York City’s Twin Towers were demolished, resulted in a major class action lawsuit to compensate for the huge human and financial loss. However, the most famous personal injury claims of this time actually came from those who helped to rescue the injured and clear up the area afterwards. They claimed to have been subjected to adverse environmental conditions which effected their health, and a total of 9000 individual cases were raised. The main health conditions they claimed for were respiratory diseases and cancer, but the defendants claimed there was no evidence of any link. In 2011 the cases were finalised and in total, a payment of 712 million dollars was made to the claimants but in the form of a fund which provided help to those who had developed illnesses since.

Gloria Estefan

Gloria Estefan was a famous singer in the 1990s and she was a victim of a very unlucky accident. Estefan was touring in a tour bus at the time and a tractor nearby unfortunately lost control of its trailer, which then careered into the bus. The resulting impact affected those inside, especially Estefan who suffered a broken back. As a result of this, she was forced to stop touring for a year, which meant that she suffered significant financial losses. Her injury was so severe that she also had to learn to walk all over again. Estefan raised a law suit against the tractor trailer company and was successful; she was awarded 8.95 million dollars in total. The tractor trailer company then sued the company who were operating it at the time.

Liebeck vs McDonald’s

Fast food giant McDonald’s was involved in a very high-profile law suit back in 1994. The claim was raised by a lady name Stella Lieback who had been the victim of McDonald’s’ decision to serve their coffee at piping hot temperatures, which were higher than the recommended average. Lieback ordered her coffee in the drive-thru and when it was given to her by a member of staff, it was spilled into her lap, causing her to suffer serious burns. Originally, she took them to court in the hope of winning 20,000 dollars however the judge decided to sue for punitive damages too, to make an example of McDonalds and because he felt that the compensation did not suffice. In total, Lieback was awarded a staggering 2.7 million dollars.

How to Use Your Assets to Create Cash

How to Use Your Assets to Create Cash

It takes a lot of guts and determination to get through life — and it takes a lot of money, too. During our lives, we have to work hard and save carefully to afford big purchases such as vehicles and homes. We have to put away cash for retirement while paying insurance premiums to ensure that we aren’t bankrupted by disasters and that our family isn’t left penniless when we die. And as we establish ourselves and build our wealth, we’ll be putting more and more of that wealth into things — assets — that are illiquid.

When we say something is illiquid, we mean that it is tough to cash in quickly. A house is a classic example: It’s worth quite a bit of cash, but it’s not as if you can go to the store and buy a candy bar with your house.

This can be a problem. Money, after all, is only good if you can buy something with it. And if you suddenly need a lot of cash late in your career or in your life, you may find that the money you need is all tied up in the assets you own. So what can you do? Here are a few ways to turn your assets into cash.

Take out a secured loan

secured loan

Loans create debt, but that doesn’t mean that all loans are unhealthy sources of toxic debt. Some loans can have excellent terms. The loans that are the healthiest are long-term secured loans.

A secured loan is a loan in which the borrower puts up something as collateral. If the borrower defaults on the loan, the lender can seize the collateral instead. That reduces risk for lenders, which encourages lower interest rates.

If you have valuable assets but little cash, you could consider taking out a loan against your home or another valuable asset. This will allow you to turn some of the value of that asset into cash. You’ll still pay interest, of course, but you can eventually pay off the loan and still keep the asset.

Get a viatical settlement

If you have been paying into a life insurance policy, then you have a nice chunk of change headed your way — that you won’t be around to enjoy. In most cases, that’s OK, because you took out the life insurance policy to help your family handle expenses when you die. But, sometimes, it becomes clear that you need that money now to keep your family financially secure. In these cases, a viatical settlement can be the right move.

So what is a viatical settlement? It’s sort of like a life insurance buyout. Essentially, a viatical settlement means selling your future life insurance payments for cash now. Naturally, you’ll pay a bit for the privilege, but this can still be a sound financial move in case you need cash quickly to keep things such as medical debts from ballooning and hurting your family’s finances in the long term.

Take out a reverse mortgage

For many of us, our most valuable asset is our home. It takes a lot of money to pay for a home, and it usually takes a mortgage loan that we pay off for years afterwards. When we finally own our home free and clear, we own a valuable asset.

Of course, we may have no intention of selling our home — in which case, our asset really isn’t doing too much for us. That’s where a reverse mortgage could help you. With a reverse mortgage, instead of paying for a home bit by bit, you’ll be getting cash regularly. Reverse mortgages are available to those 62 years and older, and the cash to repay the loan comes from the borrower’s estate (or the sale of their home) after they pass away. This allows the borrowers to create an income from their assets that will last the rest of their lives.

Tips for Reducing Your Cost Per Contact in Call Center

Call Center

The modern call center has come a long way. Agents no longer sit in crowded rooms with a telephone in one hand and a phonebook in the other. As a sales operation, call centers rack up expenses with ease. The same is true for service centers with the singular benefit of not having to seek out contacts, as a primarily call fielding segment of the industry.

While costs can never truly be negated, there are a number of simple steps that you can take immediately to see a drastic reduction in operating costs and price per contact over the short term. And these can blossom into major savings over months or years. Here’s how.

Switch your Gear

However efficient your office may be, it may still be hemorrhaging cash, and badly. This actually tends to have nothing to do with procurement of leads, and is often much more closely related to day-to-day operations.

The most cost-inefficient aspect of a call center is often its phoning setup. Switching to a cloud-based system is a huge step in the right direction of cost reduction. Some research into software prices may very well leave you pulling your hair out. Unfortunately, you have been paying way too much to license your software all along.

Find and Keep Great Talent

Call center agents know that the job is tough, and some days feel like a meeting with a buzz saw. Clients or leads are often difficult to interact with and can sometimes be downright hostile. Because of this, agents must quickly learn how to diffuse a tense situation while maintaining their calm. Staff members who show a propensity for listening and redirecting are the unsung heroes of your office and should be commended at every turn.

Calling etiquette is something that must be developed through experience and rolling with the punches of a heated call is just one rite of passage for call center staff. However, listening to the guy in the next desk gracefully redirect a screaming lead and then selling him on two times the initial ask will put some ammunition in your less experienced agents’ hands. Especially when their own blow-up comes on to the other end of the line.

The example set by these pros is invaluable to the morale and skill of your calling facility overall. Keeping talent around longer allows you to hire less often keeping training expenses to a minimum and more seasoned callers on the floor.

Consider Moving to the Cloud

Cloud based solutions are now a viable alternative to the antiquated auto dialers of yesteryear. Cloud based systems are more cost effective to license, and keep onsite physical operations costs down as well. These alternatives tend to be more secure than the standard onsite infrastructure as well; cloud data is distributed across a network of nodes and the physical servers are in constant motion optimizing the stored information. This adds up to a lower cost and higher security system design to save you money and safeguard the vital records of your clients at the same time.

Cutting costs is an all important task in efficient call center software prices and management, especially in the current climate of razor thin margins among calling outfits. But with a little ingenuity in equipment procurement and an environment that promotes high quality work, it can be a simple task to cut down on overall costs leaving you and your staff to focus on the important task ahead: reaching out to clients and logging every contact as a success.