Thursday, January 20, 2011

Testimonials

(Excerpts)

iNBEE Financial was able to provide financing for our customer that was turned down by YardCard. They were very professional and understanding with my client. In addition, we were able to help make a sale of $5,449 that increased our total sales for the month.

Mike Lawn Equipment Dealer



Thank you iNBEE Financial for financing our client (name removed). We appreciate what you are doing for our business and our clients. You have been very prompt and professional. We look forward to doing business with you now and in the future.

Carl Point of Sale Equipment Dealer


Wow, I never thought you would be able to finance our customer. He told us he had credit issues and was already declined by our usual finance company. We appreciate what you are doing and thank you.

Mike- Telecom Equipment Dealer



We have been using (name removed) for years now to finance our customers. We did not realize how much business we were loosing due to credit issues. iNBEE Financial has improved our bottom line and provided our customers with much needed equipment they require. Thank you for what you are doing for our company and our customers.

Tittus- Lawn Equipment Dealer



I called iNBEE Financial for one of my customers that had been turned down. iNBEE called back to let me know that the customer had been approved. I was shocked. I thought the deal was a dead one. iNBEE helped, not only my customer but our company make a sale, now I have a happy customer.

Tim- Restaurant Equipment


Having iNBEE Financial as part of our team has been a blessing. They are able to quickly get approvals for our customers that normally would not have been approved. Our sales have grown monthly since having you (iNBEE) as an option. Thank you for what you do.

Jeremiah- Educational Software

So your a SCAG dealer

1. Understand the benefits of your Scag Equipment

Write down all of the details about your equipment including the make, model, year, features and any other pertinent information.



2. Craig’s list, Ebay, American Classified’s, Direct mail, Your web site, Your Brochures and Your Business Cards.

Simply including:

“We offer iNBEE Financial’s Financing Programs all credit welcome and special pricing for great credit!!! Visit http://www.inbeefinancial.com/ for more details!!!”



Many Scag Dealers have found this increases sales by 25% alone.



3. Seek out the competition

Browse online farm equipment websites for equipment similar to what you're selling. Note: The prices, special offers, and benefits that other people are selling their equipment with, you can use this as a guideline for setting your value in the marketplace.



4. Go find buyers

Check the "Equipment Wanted" sections. You may be able to find someone locally who wants the exact item you're about to sell, in which case you can avoid having to post an ad.



5. Online

Place your ad on online used Scag equipment websites by signing up and simply entering in the information about your item when prompted. You will be able to upload your photos during this process, to be displayed online. Most of these websites allow you to place an ad for free, or for a very small fee.





6. Local Newspapers and gorilla marketing techniques

Place ads in local newspapers as well as online, if desired.



7. Partner with others

Nurseries, places that sell trees, Hardware stores, as well as community bulletin boards are all great places for your outside marketing efforts.

Wednesday, January 12, 2011

How to improve cashflow without selling any more products

So here is the deal, if I turn you onto one of the greatest secrets for small to medium size business than you need to promise to mention this blog to everyone you meet. I know that by the end of this article 3 things will have happened. 1. Your financial intelligence will improve, 2. You will not be able to sleep. 3. You have what it takes to grow from $20,000 per year to $1,000,000 per year in revenue. I know you want to know the secret already right?
There are a number of things small businesses can do to improve cashflow without selling any more products. Sales are a big part of the overall revenue; however they are not the only thing that contributes to the cash flow of your company.

First thing you can do is charge a fee for your service to your product or service. Sounds simple, however many people underestimate the use of a fee. I’m talking about adding a fee to your product or service. For instance if you sell body supplements you may charge a shipping and handling fee, or a fee for designing a personalized dietary plan, or a subscription to a news letter for special reports on how to lose weight and tone muscle. The trick to charging a fee is to make sure you disclose the fee up front and do not hide it from the customer and spring it on them at the purchase.

Second, offering terms is a thing of the past. This is not the 1920’s anymore, and quite frankly startup’s can’t afford it, cash poor mid size companies can’t afford it and even large companies can’t afford it, so just don’t. If you are in an industry where it is customary to offer terms you can do only 3 things 1. Offer terms and go broke. 2. Simply state, “it our companies policy to only except COD terms.” Or 3. Use a factor, a factor is like outsourcing your back end office at a fraction of the price (you can read more on factors visit http://www.inbeefinancial.com/financing-ar.html )

Third, negotiate, negotiate, negotiate. Right, but I’m not Donald Trump and I don’t intimidate anyone how can I negotiate anything? Well I have good news for you negotiating is easy when you understand finance. Finance in its simplest form is broken down into two things, time and money. STORY TIME…. A couple of years ago I was on a team of entrepreneurs building a nut, dried fruit, and candy company. There was an account I was trying to break open and have them order from us. The grocery store was in Illinois and had about 15 locations to be exact. Once I discovered the account and set the appointment I knew the account meant big growth for our company. However, little did I know how astute the purchaser was when he placed his ordered, oh he ordered 15 displays to be exact that meant $135,000 for my company per year…. Or did it he offered to pay his bill net 10 with a 5% discount. So, we only made $128,250.00 He Improved his cash flow by $6,750.00 per year. Over the three year relationship he saved $20,250, if you multiply that by all his vendors that’s a huge influx of cash.
For more information on improving your cash flow call iNBEE Financial