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Tag Archive: business

Understanding More of Parallel Profits

Laptop and phone on table

Overview of Parallel Profits

With the advent of the internet, the business ecosystem has completely changed. For any business to remain afloat, there is a need to innovate continuously. By innovation, we are not talking about product innovation, businesses processes innovation, etc. It is now about how we reach and communicate with other key stakeholders such as customers, suppliers, etc. Two people, Aidan Booth, and Steve Clayton have developed a new model of doing business. It is called Parallel Profits. Parallel profits refer to an online training program that allows you to learn how to build from scratch and run a search engine marketing (SEM) agency. Parallel Profits will share and teach how to earn money through the fastest way. All that is needed is only six sales. At the end of the program, you will be able to generate at least $100,000/- per year through the provision of online services. Local and small businesses are the target market.

 

codingHow Parallel Profits Work

Parallel Profits emphasizes one thing: the sale of very simple services to businesses in a unique way. ü When you enroll in the training, Parallel Profits will invite you to work with them directly. You will be part of the franchise. You worry about the creation of a brand, website, making a sales pitch are taken care of. The franchise does Even the materials to be used for marketing. You will be able to start sales immediately since Parallel Profits sets up everything. ü The moment you secure business as a client, you will not outsource or perform any service. This is because the team at Parallel Profits will step in and do all the work. The need for having experience or being expertise in a particular area is eliminated. Parallel Profits have developed a portal that enables clients to communicate with you. Face-To-Face interaction
is not necessary.

Why Parallel Profits

For any online business to be successful online, enough traffic has to be generated to the website. It’s one thing to be online and another to have traffic. The website site should be converted into sales. Secondly, there is a lot of untapped potential in the online business segment. Studies that were done recently show that in the United States alone, 55% of the businesses have a website. In the UK, close to one million companies do not have anything online. Parallel Profits is, therefore, willing to help the businesses grow in this regard. By doing simple math, the profits that you will get are reasonable. From the experience of the founders, if you
take seven clients, they will generate you an income of USD12,000 monthly. This works to about USD144,000 yearly. The profit margins are quite high, and on average it is 70%. This works to about USD100,000 net profit yearly. If you get more clients, these figures will change.

Finally, Parallel Profits is about partnerships. The business or client remains yours entirely.

Getting the Best Deal When Applying for a Loan

MOney

Individuals who want to grow their businesses and finance their related expenses should look for funds from financial institutions. This article is going to highlight the crucial factors that need to be considered before applying for business funding. Looking for a business loan is not a complicated process. Business people are advised to follow the necessary steps and choose lenders who focus on SMEs. You can get money by contacting reliable lenders like greenbox capital. This is one of the best lenders that offer business loans for lawyers. The following are the essential factors you need to keep in mind before taking a business loan:

Determining the Amount of Funding Required

money on a case

It is realistic to know about the amount of money needed. The processing fees should be included in the equation. You should ask for enough money that would help you in accomplishing your goal instead of repeating the application process multiple times. In addition to this, you should avoid taking a larger loan than needed as the interest rates might be costly. Borrowers are advised to do their homework first since some lenders might fail to provide the amount of funding applied for.

 

Reading The Fine Print

Borrowers should understand everything before signing on the loan documents. Remember that there are different options out there. It is, therefore, imperative to closely check the terms of the deal before signing it. You should also inquire about the payment structure and the interests rates charged on the principal loan. Are there early payment penalties or other hidden fees? Those are the essential factors that need to be thoroughly considered when applying for any debt.

Knowing Your Credit Score

credit-score

The borrower’s credit score is one of the determining factors that determine whether he or she is qualified to get a loan. It is important to check if your credit score has any mistake that needs to be resolved. Make sure that it is accurate. Any error in the credit score should be reported to the company involved or the credit bureau immediately for it to be resolved. Enough copies of the credit report should be made before applying for a business loan. Individuals with a high credit score, above 700, can easily secure low interest loans.

Shopping for Other Suitable Alternatives

There are different sources of funding that you need to consider. Most of the traditional institutions including credit unions and banks have been providing finances to small business owners. In addition to this, there are other companies and merchant cash advance options that offer flexible repayment options.