How to Convince a Prospective Customer to Sign Your Contract Sooner than Later – ShoeMoney

51% of contract workers don’t get benefits. A similar percentage have work that varies in volume from month to month. In other words, freelance work or contract work isn’t stable. Why is this so? I mean, the no benefits part makes sense. Who is going to give you benefits? Certainly not your clients. But the unstable unpredictable nature of contract work, its source is varied. A majority of the time, however, it’s time wasted on failed contracts or failed proposals. Yeah, you charge for your time or for the proposal, but the work wasn’t what you hoped for. How do you get clients to accept a contract or proposal the first time? Are you missing something? Let’s take a look. Know Your Client Like You Know Your Mother You know your mom. You know what foods she likes, what behavior makes her happy, what kinds of people she likes to […]

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Understanding LTL Shipping Rates for Retail and eCommerce Businesses

With more people diving into the world of ecommerce, dropshipping and selling on Amazon, the business of truck deliveries has been growing at a rapid pace as well. In 2017, trucking revenues totaled $700 billion for medium and short distances. The transportation and logistics industry in the US has continued to thrive over the years. One of the shipping options that’s becoming prevalent is the Less-Than-Truckload shipping method, commonly referred to as LTL. Related blog posts and resources: LTL is highly flexible and convenient. What’s more, the approach is cost-effective for medium and small-sized businesses. LTL allows you to ship in a trailer’s smaller space instead of using the entire container. You ought to have insights on LTL rates and tariffs. When you need to partner up with an affordable and reliable LTL shipping company for your business needs, understand how rates are calculated. Weight in Freight Calculation The heavier […]

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3 Habits of Really Organized People – ShoeMoney

I’m the least organized person you’ll ever meet. I hardly organize anything. My physical files are a jumble in a cupboard. I need to be more organized. If you’re like me, then we can explore this topic together. Maybe we can learn the secrets of organized and successful individuals who aren’t us. A Place For Everything and Everything in Its Place This is something my dad used to say to me all the time. And even though it plays in my head every once in a while, it didn’t stick until recently. Do you lose your keys? Have a place you keep them and place them when you walk in the door. Maybe this is a hook or a small bowl on the counter or a basket nailed to the wall. I keep my dog’s bark collar clipped to a the wall near his door (he’s a German Shepherd and […]

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Your Ultimate Guide to Opening a Coffee Shop – ShoeMoney

We’re at the tail-end of the coffee revolution. We survived fair-trade coffee and we’re all now consuming single-origin direct trade coffee through vacuum tube processing or…something. The coffee business is still booming. You see new coffee stands cropping up on every street corner. Everyone craves that effervescent pop of caffeine tickling their brains. Consumers spent $74.2 billion on coffee in 2015. That’s only four years ago. If you love coffee, money, and people, then you might think “hey! I’d like to take advantage of that coffee money!” Well, you’ve come to the right place. I’m going to give you all you need to open your first (hopefully of many) coffee shop. 1. Research All the Things! If you were the first person to open a coffee shop in the world, you would be able to skip this step. But since you’re one millions or maybe billions, you would benefit from […]

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Real Side Gigs to Help With Your Home Remodel – ShoeMoney

You’ve graded those last exams, the kids are burning them in the trash cans outside and the bell rings. It’s Christmas break and you had planned on tackling that home remodel. But Christmas gifts and travel plans drained your bank account. How are you going to get that bathroom done? How are you going to replace those windows? Here are a few side gigs you could take on over break and even keep while you do your day job. 1. Be a Handyman There are only 24 hours in a day. That seems like a fluff statement, but it’s woefully true. If you own a house or property, the yard work might get in the way of doing the things you love. Plenty of people feel this way. In fact, people feel happier when they hire others to do their housework. (Hint: this is how you market yourself to people […]

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7 Tips for Investing – ShoeMoney

It takes a freakin’ long time to build wealth through investing in the stock market. But it’s the most reliable way to do so. If you invested $10,000 in the S&P 500 in 1987 you should have $51,000 today. You might have decided to start investing. Maybe you’ve read through a few blogs and you’ve decided to DIY your investments. But you don’t want to just throw money at the wall and hope it sticks. Blindly poking your finger at the stock market section of the local paper won’t get you anywhere. Instead, take my advice. Invest wisely and broadly. Keep reading and I’ll help you make money on the stock market. 1. Time Is On Your Side Unlike mortality, time is on your side with investing. Investing in the stock market isn’t a get-rich-quick scheme. If you have the entrepreneurial spirit, you might make more money investing in your […]

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Are You an Idiot?! How to NOT Make Money Online – ShoeMoney

The share of Americans working from home has been growing at a steady rate. In 2000, 3.3% of Americans worked from home. This last census shows that now 5.2% work from home with many more splitting work between home and the office. That’s the dream, right? Get up. Make coffee, eat breakfast, relax a bit, pull out your laptop and start making money. No rush hour traffic. No sneaking into work late. No one over your shoulder asking if you have that one report. But it’s not all roses and lollipops. It’s easy to entirely ruin all your chances of making a living online. Here’s the how NOT to do on making money online. 1. Forget About the Pain Point Maybe you’re an affiliate marketer or maybe you’re providing a service online or maybe you’re selling crafts on Etsy. Either way, you’re trying to sell something. People do not buy […]

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5 of the Best Countries to Start a Business – ShoeMoney

When I was in high school, it blew me away to realize that some of my friends had never left the region. Some had never left our home city. Traveling was part of my development. I wouldn’t be the same person if I’d never left my home city. If you’re wanting to experience another culture, starting a business would be like jumping into a cold lake. It will be thrilling and possibly painful all at once. You’re likely the kind of person who loves a challenge. If you are, then read on to find out what countries are the best places to start a business. 1. The UK All we hear about the UK is Brexit all the time. But we’re going to be hearing about how Britain is trying to leave the EU until warp drive is invented. Business is still booming in the United Kingdom and it’s the […]

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The Nine Best Side Business Ideas to Start When You Don’t Want to Quit Your Day Job – ShoeMoney

Are you one of those people who when someone tells you, “don’t quit your day job,” you say, “Well…I wouldn’t.”? You’re one of the lucky people in this world who loves their job. The problem with jobs we love is that they don’t always pay the best. Maybe you’re working in a non-profit or you’re a teacher. These sectors are highly rewarding and low-paying. How then can you make extra money to live comfortably and support your family? A side business is how! You’re not alone if you think you’re going to make money on the side while doing the job you love. A full 25% of Americans say they have a side business. And as long as their name isn’t Heisenberg and they aren’t cooking meth out of a 1980’s camper van, then that’s totally cool. Here are ten side business ideas you can start while still keeping your […]

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How to Start a Restaurant – ShoeMoney

We’re busy. We don’t have time to cook and eat. We’d rather just eat and run. And besides, 50 percent of Americans hate to cook. It’s a chore. If they could afford a cook, they would. But instead, they choose to eat out when they can afford it. This is why the restaurant industry is booming. We’ve seen an increase in the number of food-service joints from 40 years ago from 155,000 to 960,000 in the United States alone. But it’s still difficult to float that business off the ground. Competition is fierce and if you can’t provide great service, incredible food, and provide a comfortable and fun atmosphere, your competition is going to beat you to the punch. What does it take to claw your way to the top and build the best restaurant on the block? Today we’re going to explore in depth what that means and how […]

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Business Ideas Sure to Make You Money In 2020 – ShoeMoney

It’s the turn of the decade. We’re entering an era in which business could boom if things cook outright. But you must act or you’ll lose out. This might be something you already understand. You’re sitting there ready with cash in hand to invest. What’s holding you back? You’re drawing a blank. You might have a notebook chock-full of new business ideas. The few you’ve tried have gone bust. You’re afraid that the ones inside your notebook are just as faulty. Fear not. I’m here to offer you some surefire business ideas that can make you excellent money in 2020. Let’s get busy. 1. Start a Cleaning Service “Dirty,” you whisper as you walk into Apartment 2B on Broad Street. But your client has paid you handsomely and they’ve scheduled you out until the end of the year. Cleaning the toilet is the most hated chore in the United States, […]

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How to Tell if Your Business Idea Is Great – ShoeMoney

Entrepreneurs are natural dreamers. They see a problem and they dream up a solution. But sometimes those dreams pop when adversity hits and reality takes hold. Barriers crop up and funding doesn’t come through. That kickstarter campaign you worked so diligently on failed. You realize the dream was just that, a dream. How then do you suss out the feasible dreams from the pipedreams? Each idea is rooted in some problem you’ve already observed. You believe each is a solution. Yet some fail and some succeed. That’s ok. We’ve got your back. Here are a few ways to weed out the duds. 1. Is The Industry Heavily Regulated? Maybe you want to get into growing cannabis. This is a great business idea if you’re prepared to jump through a billion hoops. Regulation helps consumers know they’re getting a standard product that’s safe for them. It also helps employees know they’re […]

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Make Money While You Sleep in 2020: Five Steps To Get Started With Affiliate Marketing

You’re on a beach somewhere in South America. A waiter in a pristine white coat with glinting gold buttons walks up and asks you for your drink order. You think for a moment and order a Mojito, easy on the basil. As he walks away, you pull out your smartphone to find out you just made enough money to pay for your impending drink. Does this sound like the life you want to live? It might not be as easy as it sounds to make money while you sleep or adventure, but it is still possible in 2020? The trick is to be a savvy marketer. If you can manage this, you can make money online in 2020. Here’s how to get started in affiliate marketing this year. 1. How Do You Get Paid? Affiliate marketing skips the product or service management needed to make money online the traditional way. […]

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5 Small Business Startup Insurance Policies That Entrepreneurs Should Buy

Plaintiff lawyers are getting better at their job. In 2018, plaintiffs won 79% of the wage and hour cases against HR departments. That’s up 11 percent from previous years. “But!” you say, “I don’t have any employees yet.” Lawyers aren’t just interested in wage disputation. You could get hit from any angle from clients suing for damages to copyright cases. And lawsuits aren’t the only reason you would need insurance. Here are a few types of insurance you might need as an entrepreneur. 1. General Liability Insurance You’re interacting with people every day when you’re an entrepreneur. People are fairly unpredictable. You need a general-type insurance to protect yourself from the people outside your company. You also need a general-type insurance to protect people outside your company from your services and products. Or, really, to protect you from people suing you for things your products or services may or may […]

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Benefits of Setting Your Business Up in a Portable Office Trailer

Ask yourself this: how much office space do you really need? The answer might be less than you think. In the West, we’ve benefited from an abundance of space. Our continent is over 2000 miles across. When I tell my friends in Europe how long it takes to drive to California from my house, they’re amazed it’s only two states away. But space is getting more expensive every day. The average cost to rent office space in New York City is $14,800. That’s about $6.16 per square foot. So, again, I ask “how much office space do you really need?” Maybe now you’re willing to consider an office trailer instead of a dedicated office space. Here are some reasons why you might consider one. 1. Mobile Means Truly Mobile Likely, the trailers you’ve seen are grey boxes attached to construction sites or grey boxes sitting on crumbling cement blocks hidden […]

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How To Set Up Logistics For Your Startup

You’ve developed an incredible product. It’s been crowdfunded 300% and you’re already through your final prototype and on to production. Your customers are waiting patiently. You have not actualized the most important part of your business. Logistics. How are you going to ship your product to your customers? How are you going to optimize your manufacturing process and gather the materials quickly enough to keep up with the demand? It’s more complicated than you might think. And in the era of Amazon Prime and Walmart.com’s two-day shipping options, it’s not easy to please your customers. “But my customers will wait a decade to get my product in their hands.” That’s the mistake Oculus made out the gate with the Rift back in 2016. HTC beat them to market due to shipping concerns and they lost the lead (which they steadily gained back due to a superior product). No matter how […]

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The Many Ways to Finance a Small Business

With business financing, it’s try and fail and try again. A full 77% of business owners who apply for a loan from a large bank get rejected. If you’re in the 77% boat, you’re likely discouraged. You need the funds to get your business off the ground, but all that work seems like just another mountain to climb. The good news is, there is more than one way to start a business. And with the peer-to-peer economy on the rise, more ways to fund a business are cropping up all the time. Here are some loan and business funding options to help you fly with your business. 1. Crowdfunding This is the least surefire way to fund your business. But if you succeed, you get to say your customers and fans funded you. And then you have the privilege of saying your business is customer-centric from the ground up. How […]

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Office Space Location: 7 Key Tips for Finding the Perfect Office Space

You and your best friend built a small app. You didn’t expect your idea to take off, but people adopted it and made it grow. Now you’re unable to carry the weight on your own shoulders and need employees. But you guys worked out of your home offices. You didn’t even think you’d need an office space. How do you even go about finding, leasing, and organizing an office space? Today we give you a toolset. These tools will empower you in your journey to a functional and perfect office space. Here’s what you need in order to do that. 1. Begin At a Coworking Space The cost of renting office space can be anywhere between $4k and $14k in the United States. And that’s per employee. If you’re lucky, electricity and water are included. If you’re not lucky, you’ll pay extra. Eventually, you will need your own space. You […]

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Four Small Businesses You Can Start In College With Less Than $1000

I mentor Freshmen at a local university. Something I often hear is how much extra time they suddenly have compared to when they were in High School. Usually, my students find ways to fill their time. They join intramurals. They find jobs. They join the orchestra. And then they complain about their sudden lack of free time. If you’re in college, you might not want to fill your free time the conventional way. You’ve got that entrepreneurial itch and you want to use your free time to make money. I’ve got you covered. I’ve collected a list of viable businesses you could start during your four years. Who knows, maybe you’ll drop out and become a successful entrepreneur and I’ll be writing about you someday. Let’s make some money! 1. A Childcare Business The childcare industry grew four percent in the last five years. And if you ask any parent […]

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Amazing Startup Strategies And Tips For Building A Successful Business Launch

The Silicon Valley stereotype is true. 70% of entrepreneurs in the United States started their business in their home. And when asked what’s the best way to learn to be an entrepreneur, just over half said, “start a business.” But for most people, starting a business is this nebulous concept. It’s “somehow I get a loan and sell people things.” But a startup is much more than that. Startup culture is rough. You’re constantly pushing your limits and you’re often wanting to quit. But the end result is worth it…if you make it. You want to have all the tools available for success. Without them, you’ll likely fail. Today, I’m going to hand you those tools. Draw a Map X marks the spot. When you come to a fork in the road, take it. The best maps give you reliable advice while showing you the way forward. You don’t always […]

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