Online businesses can be quite lucrative, often having much lower overhead and higher profits than a storefront business. Unlike a storefront, however, customers won't just be able to walk by and see your online store. A big part of success in selling products online is marketing your site so that people know it's there.
Other aspects of online businesses include building a secure website, buying and storing inventory, and in some instances, even hiring help to fill orders and assist with other tasks. You will also need a way to track your sales and expenses.
By the time your online business is generating regular sales, you have already worked hard. You've created a compelling web presence, chosen quality products that sell well, and you provide good customer service to those who buy your wares. Things may seem to be going along well, but you wish you could grow your business faster so that you could make it your main or only source of income, or make other lifestyle changes.
How can you grow your business without sufficient working capital to invest in website upgrades, additional inventory, or increased marketing? So you apply for a business loan, but the bank says you don't have any collateral and your credit rating is a little bit lower than they want. It seems like your business will just have to grow bit by bit, maybe taking years to generate the kind of revenue you need.
Merchant Cash Advances Provide Working Capital
There is another source of working capital businesses can use to reach their goals and get on the path to sustainable growth. Merchant cash advances have different requirements than banks, and many business owners will qualify to get cash to invest in their businesses.
A merchant cash advance is not a loan. Instead, you get the cash up front, and the cash advance provider gets a percentage of your daily credit card sales .
With the cash an advance provides, you can implement your business plan a lot faster and see results right away, rather than having to do things one small piece at a time. You can suddenly afford to increase your marketing so that your sales can increase. You can hire more help when you need it, rather than having to do everything yourself, until the profits start to increase.
Once you use the cash to implement your plans, your business will start to grow, giving you the cash flow you need to cover repayment of the advance. The best part - when the advance is repaid, your business will have higher sales and profits from that point forward, and those larger profits will all be going into your pocket.
Merchant cash advances have a simple application process. No collateral is ever required. Apply now to Quikstone Capital Solutions to to help your business grow and thrive.
