If you’ve been in real estate for a while but still don’t feel like you’ve found your groove yet, you might be racking your brain for ways to jumpstart your business and find new clients. As part of this, you’re likely also looking for ways that you can bring in some more income, too.
Luckily, there are likely quite a few options for you in this area.
To help you see what they might be, here are three tricks that can help you make more money from your real estate business.Read more
Since the beginning of the global pandemic, many businesses and industries as a whole have had major issues with their supply chain. And while there are quite a few things about your supply chain that may fall entirely outside of your control as a business, there are still others things about your supply chain that you can adjust so that the chances of you running into issues greatly decreases.
To help you see how this can be possible for your business, here are three things you can do to put a spring in the step of your supply chain management.
Work As Locally As You Can
One of the best ways you can eliminate the possibility of issues within your supply chain is to try to work locally as much as you can.
When you’re relying on suppliers or other businesses to keep the wheels turning of your business but those suppliers are half a world away from you, there’s so much time and space in between the two of you where something could go wrong or get delayed. But when you’re working with suppliers who are local to you, or just close to you in location, there are fewer areas where missteps could take place.
While this won’t always be possible, if you can find a way to make it work with a local supplier, you might find that your supply chain is able to become far more streamlined.
Build A Stronger Relationship With Your Suppliers
Along with trying to work with suppliers that are close in proximity to you, you should also be trying to get closer to your suppliers as far as your relationships go, too.
To have a solid relationship with your suppliers, you should seek to support their businesses as much as possible. And once you’re able to build these relationships with suppliers that are great at communication and are reliable for you, if there are issues with supply chain management between the two of you in the future, you’ll have a solid understanding to work from in finding solutions that work for everyone.
Know When You Need Additional Help
The supply chain for a business can be a very complicated thing. And while you might be able to keep track of everything yourself when your business is small, as your company grows, you may find that you need to bring in additional help to keep things running smoothly.
Some of the help you might need could include things like working with a consultant to find areas of possible improvement, getting help with loading and unloading of product, or instituting different inventory tracking systems.
If things have been working less than ideally with your supply chain recently, consider using the tips mentioned above to help you find ways to improve this area of your business.Read more
With the cost of living seeming to rise higher and higher on almost a daily basis, people from all walks of life are looking for ways to save some money and spend their money in a smarter and more productive way. And for many people, this means looking at some of the categories in their budget, like transportation, and finding ways to cut back a bit.
If this is something you’ve been wanting to look into, here are three ways you can begin saving money on transportation costs.
Ride Your Bike More Often
Regardless of the form of transportation you ordinarily use, whether you drive your own vehicle or take public transportation, you’re likely having to pay some amount of money each week or month to keep using that transportation. But if you had a bike, you’d only have to make the initial purchase of the bike and then pay for small repairs as they became necessary. This means that you could be saving literally thousands of dollars each year if you chose to bike when possible rather than taking other forms of transportation.
Keep in mind, however, that you’ll only want to bike often if you can safely do so. Having to pay hospital fees from crashing your bike or getting in a biking accident can get expensive, too, so be smart about when and where you choose to ride your bike in order to save the maximum amount of money.
Find A Trustworthy Mechanic To Work With
For those who are stuck with driving their own car to get where they need to be, there are still plenty of ways that you can likely save money based on what you’re spending now on transportation.
When your vehicle is properly maintained, you’re able to save a lot of money because your car will be running more efficiently and will be able to avoid big mechanical failures. But in order to do this, you have to have a mechanic to work with that you trust to do quality work. Otherwise, you might spend money on fixes that aren’t necessary or aren’t done right and will require more work in the future.
Use Cruise Control When You Can
Your driving habits can have a big impact on how much money you’re spending at the pump each time you fill up.
To save top dollar here, you may want to slow down when you’re behind the wheel and consider using cruise control whenever possible. Both of these strategies will keep your car from pumping on the gas or the brakes too often, which can tank your fuel economy and have you using far more gas than is necessary.
If you’re wanting to cut back on how much you’re spending on transportation each month, consider using the tips mentioned above to help you find some actionable ways to do this.Read more
Homeowners often have to cover expenses for things that renters do not. Budgeting as a homeowner can be difficult and also very hectic and stressful, especially if you’re new at it. But if you know a little bit about what to expect you will be less shocked when these things come up and you’ll also be better equipped to plan out a budget that you can try to stick to. Make sure you always have an emergency savings fund that you are putting money into on a regular basis in case something should come up that you haven’t budgeted for too, but here are 5 things you should try to budget for as a homeowner.
One of the most important things for any house (or any building for that matter) is the foundation. Make sure that you have a deep foundation and have an inspector come out and look at your property and foundation every couple of years to make sure everything looks the way it should. Also make ground improvements as necessary or have someone do it for you. These things will save you a lot of stress and money in the long run.
Plumbing issues can happen to new houses, old houses, and everything in between. They can range from minor, easy to fix, and inexpensive all the way to emergencies that will require professional help and could potentially be very expensive to get taken care of. Since plumbing is such an important thing for any home to have, you should make budgeting for plumbing problems a priority.
Electricity is another thing that you don’t want to have to go without in any home, so be sure that you plan to budget for electrical issues. Unlike with plumbing and other home issues where there are occasions that you can try and fix the problem yourself before calling a professional, you probably don’t want to try anything yourself when it comes to electrical unless you really know what you are doing. Electrical problems can be very dangerous to fix, so you should always have a professional electrician come and take care of them, so if you own a home you may want to have some money set aside for this because sometimes it can be costly.
Hot Water Heater
Hot water is yet another extremely important thing for any home to have in working order. If your hot water heater breaks without warning, you’ll need to get it fixed as soon as possible. Sometimes it may be a simple fix but you never know when the entire thing will need to be replaced - so it’s best to be prepared for that financially.
If you live in a place with harsh winters, very hot summers, or both, you certainly know the importance of heating and A/C. As a renter you may be able to just call your landlord to come and fix issues with these, but as a homeowner it is up to you to get your heater and A/C serviced, so budget accordingly.Read more
Although money can't buy you happiness in life, there's something to be said about being well organized with your finances. When you have control over your money, you have more opportunities to do what you want with your life.
The happiest people are the ones that have the most amount of freedom, and in many ways, money provides freedom.. Money is something that can make you a slave to stress if you don't handle it correctly. Good finances start with good habits— so take a look at some of the most important things you should do with your money every single month.
Put Away Savings
Savings is an important part of taking control of your financial situation. You never know when something can happen that can throw your life for a loop. For example, perhaps you have unexpected home repairs, or maybe your car will break down. You never know what can happen. In addition to emergency savings, you should also be putting away retirement money.
One day when you retire, you'll need to make sure that you have enough resources to cover your basic needs and comforts. Regardless of how much money you make, you should try to put away a certain percentage of your paycheck every month into savings.
Create a Budget
A budget is an incredibly useful tool for staying on top of your spending habits. Many people have no idea how much money they have coming in and going out. However, when you have a budget, you know exactly what your overall financial situation is, and you don't risk overspending.
Once upon a time, budgeting required spreadsheets and calculators. Now, thanks to technology, you can follow a budget from the palm of your hand using one of the many apps that are out there. It's as simple as tracking everything you spend and everything you earn.
Pay off Your Debts
In today's modern world, no credit is the same as bad credit. In order to establish yourself, you'll need to build your credit, which means building debt. However, you shouldn't let the debt go higher than 30% of your total credit allowance. Make sure that you pay off your debts as soon as possible in order to avoid getting stuck under a mountain of payments. Remember, anything that you borrow won't just have to be paid back, but it will also come with interest attached.
Search For Deals
Anytime you're looking to purchase something, it's best to make price comparisons before buying. Always get the most out of your dollar by looking around at different stores and websites for the best deals. Even a small amount of savings can start to add up big throughout the course of the year.Read more
In today’s world, there are so many different options out there for every type of business, and especially finance businesses. With so many consumers spending such a large amount of time online, it may feel like it’s easy for yours to get lost in the sea of internet searches. Luckily there are smart marketing strategies like Search Engine Optimization (SEO) out there which can help your business to end up at the top of people's searches. Here are 5 ways SEO marketing can help your finance business.
Searching Is The Primary Source Of Most Web Traffic
The vast majority of web traffic doesn’t come from people clicking on ads randomly or from searching extremely specific things. Most web traffic comes from vague searches such as “best finance business in Boston.” You want to make sure that your business is one of the first things to come up when someone searches for your type of service, and SEO can help you do just that.
Improved User Experiences
An oft overlooked perk of good SEO is better user experiences. An online marketing agency will do a great job setting up your SEO so that your website is clean, simple, user-friendly, and of course discoverable. Once people find you (quickly and easily), they will love the experience your website offers them.
Possibly the most obvious benefit of SEO is the increased traffic it will bring to your site, and a larger number of website visitors always translates to more customers and a larger profit. You will be shocked once you look at the numbers and see how many more people are visiting your site each day, and you’ll wonder what your finance business ever did without SEO.
SEO is pretty inexpensive compared to many other forms of marketing, but the payoff is huge! You will start to see the ways in which SEO has helped your business to improve much more quickly than with other forms of marketing too. So what are you waiting for?
Works In The Long-Term
Unlike with other forms of marketing, SEO pays off in the long-term. The longer you use this strategy, the more your business will grow and grow. Impacts of SEO will begin to show almost immediately but will last for decades. The internet isn’t going anywhere, so evolve with the times and make sure your finance business isn’t left behind.
Overall, Search Engine Optimization is a smart business decision that you will be glad you made for years down the line. Consider investing in online marketing like SEO today and you will start to see the above benefits before you have a chance to blink.Read more
While no one wants to spend a lot of their time thinking about the end of their own life, if you want those that you love to be taken care of once you’re no longer here to look after them, it’s wise to start thinking about estate planning long before the need arises.
If this is something that you’ve been needing to get taken care of, here are three tips for preparing to start estate planning.
Think Of Your Family’s Life After You’re Gone
Because you’re here to financially and emotionally help your family and other loved ones now, it can sometimes be hard to imagine what needs your family will likely have when you’re not here to meet those needs for them. But if you want your loved ones to be comfortable long-term, you’ve got to try to think about what they’ll need when you’re gone.
According to Kay Bell, a contributor to NerdWallet.com, some of the things you’ll want to consider as you think about helping out your family once you’re no longer alive are how your life insurance might be put to use and who will be caring for your children or other family members that depend on you. As you plan your estate, you’ll want to try to make the best decisions in these areas so that everyone you care about will have what they need, both financially and emotionally, after you’ve passed on.
Know What You Want
In addition to thinking ahead to what your family’s needs will be, you’ll also need to think long and hard about what your own needs are. Without knowing these things, you can’t effectively create a plan for your estate, as you won’t have made the necessary decisions.
When deciding what you want to be done near the end of your life and after you have died, Consumer Reports advises that you not forget to think about creating advanced health directives for your doctors or loved ones to follow if you can no longer make medical decisions for yourself. So although it can be hard to think about things like this, try to imagine some possible scenarios and how you’d want your loved ones to proceed on your behalf.
Embrace List Making
Even after you’ve gone through the process of planning your estate, something you hadn’t thought about or planned for at the beginning will likely come up. So to ensure that you get this and any other items taken care of, Troy Segal, a contributor to Investopedia.com, advises that you keep a list of things that you’ll need to address or readdress with your current estate plan. This way, you won’t forget these important items next time you meet with your attorney or other estate planning assistant.
If you’re getting ready to do your estate planning for the first time, consider using the tips mentioned above to help you through this process.Read more
Not only can moving to a new place be incredibly stressful, but it can also be downright expensive. Despite how much you try to think ahead, there always seems to be extra expenses that you didn't anticipate.
If you're on a tight budget, you can find yourself pretty strapped for cash in no time fast during the moving process. However, with a little bit of luck and the right tips, you can keep your costs down. Take a look at some of the best ways to spend less when moving to a new place.
Make Price Comparisons
Before choosing a moving company, you should make sure that you shop around and do a comparison. Look for promotional deals or coupons that can save you some money. However, it's important to remember that you shouldn't sacrifice quality for price. At the end of the day, the moving company that you choose to transport your things will need to be careful. The last thing you want is to find yourself with damaged property because you chose the wrong people to go with.
Choose The Right Day
Some people forget that certain days of the year are much more complicated than others to move on. If you can, choose the right day for your move that isn't a holiday, or falls during a time when a lot of other people are moving too. The weekends are also something you should consider steering clear of.
In many cases, high demand days may mean moving trucks are higher priced and babysitters harder to come by. Don't forget that if you have kids and pets, you'll need to have somewhere to keep them while you're moving your belongings.
DIY What You Can
If you're not the kind of person to drive a moving truck, then that's okay. Plenty of people choose to outsource all of their moving tasks to someone else. However, if you can envision yourself doing it yourself, then you can save a considerable amount of money. Just be sure to practice driving the vehicle before getting on the highway in rush hour. With a little preparation on your part, you can drive like a professional mover in no time.
Enlist Your Friends
What are friends for, if not people to turn to when you move? Enlisting your friends to join your moving team is a great way to save a couple of bucks. Just make sure that you choose reliable friends to count on since it's not unheard of for people to pull out at the last minute when moving day comes.
Get Your Boxes From Recycle Bins
Rather than going to the store and paying top dollar for brand new cardboard boxes, visit your local grocery store or retail store. Ask if they have any left over boxes in their recycle bins. Usually, they are happy to let you dig through their pile of recycling to use whatever you need.Read more
The more income streams you can develop for your business, the better your chances of turning a profit eventually. That's why, no matter what your primary product or service may be, if you figure out how to add tangential ways of making money, that's going to be good for your bottom line.
You can think about creative ways to make money by adding screen printing possibilities, working with other companies and brands, using coupons as loss leaders, or offering multiple ways to pay for ongoing services. Each should open up different opportunities for further income within your business framework.Read more
Chances are we all know someone that could benefit from a little extra money. Most of us are always striving towards higher paying jobs, or making small changes in our lives that will help us stretch our dollars a little further. But have you ever thought about making a huge change in your life that will help you save money but also benefit you and your family in other ways?
Here are five big lifestyle changes you might be interested in.
Hunt Your Own Meat
Hunting your own meat is not only more ethical and more healthy than buying it in grocery stores, it is also much less expensive. Taking up hunting as a hobby will have many other benefits to your life as well but saving money is not one that can be overlooked.
Ditch Your Car
This may not be a possibility for everyone, but if you live in a city where public transportation is easily accessible and want to save loads of money per year, consider getting rid of your car. Taking the bus or subway is inexpensive, and walking or riding your bicycle places will also benefit your health!
Stop Eating Out
Cook meals at home instead. Eating out is expensive, especially if you do it often. You can learn to cook the same things at home that you would typically order at a restaurant for half the cost, and they will usually taste better too. This also goes for expensive coffee drinks and fancy cocktails. These are all things you can enjoy from the comfort of your own home for a fraction of the price.
Learning to budget properly can end up saving you a ton of money in the long run because once you know exactly where all of your money is going you can figure out where you can make cuts.
You may not have thought you were spending much money on clothes each year, but once you look at your budget, you realize it is a lot more than you thought. You can change these habits, but only once you are conscious of them. Budgeting will help you with this.
You may live in an apartment or house larger than what you actually need simply because you liked it and thought you could afford it when you bought it or began renting. Perhaps you can technically afford it, but do you really need three bedrooms?
Does the guest bathroom ever get used? Take into account your family size and how you actually use your space and consider downsizing. It could save you thousands.
Lifestyle changes, big or small, are not always easy. But especially if they save you money, they can be very worth it!Read more