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Does
your business have a money tree you can shake when a little extra
cash is needed? Every business should have one! What I mean by a
money tree is something you can do to quickly generate revenue when
you need it. Where can you find a money tree? Although you can't
buy one at your local garden store, they are more common than you
might imagine. Just as in a forest, there are many species of money
trees, so you need to find one that is right for you. Here are a
few common varieties: The Sale Tree brings in cash by making a discount
offer to customers. Buy before June 30th, and you get a lower price.
This creates a sense of urgency for customers to buy now in order
to save money and can create a new flow of sales for you. The Bonus
Tree can work like the Sale, but instead of a discount, customers
get a free item with purchase. Buy one, get one free, for example,
or buy this item and get a free accessory. You might make the bonus
item something only available as a bonus, and not available to buy.
Booklets, books, audio programs and other items with a low production
cost and high perceived value are great bonus items.
CASH
MONEY, APPLY NOW INSTANT CASH, 99% APPROVED
Generate cash with the New Product
Tree by introducing a new product. Customers love new things, so
announce it with a flourish. You might cross the New Product tree
with the Sale or Bonus tree to get a hybrid with extra appeal. Shake
the Personal Touch Tree by contacting current or former customers
and reminding them it may be time to do business with you again.
Perhaps the supplies they bought from you a few months ago are running
low, or it's time for a follow-up service. The Referral Tree should
be in bloom all the time, but you can get better results when you
tend it. Do a mailing or phone campaign to ask current customers
to refer their friends and colleagues. You may be able to generate
lots of sales quickly this way. The Cold Call Tree can be hard to
shake, but the results can be worthwhile. Identify your best prospects
and call or visit them.
It
is common for people to have credit cards in this day and age, but
they have limitations. Cards cannot be used to pay for all services.
Sometimes we need cash in emergency situations. Several banks and
financial institutions have recognized this problem and are actively
involved in resolving it. Plenty of options are available today
for people to obtain quick cash. The simplest and the easiest way
to obtain quick cash is the Automated Teller Machine – ATM. However,
the biggest limitation of an ATM is that it will dispense only that
much cash as is present in the checking or savings account.
This is only an option in an emergency if the person has the cash
they need on hand. Some business firms need to move money fast.
Several financial institutes have services to enable such firms
and companies to transfer money. These money transfer services are
very convenient. Single or multiple money transfers can be done
around the world through a computer. Funds can be sent in just a
few minutes. Cash can be received at the other end in the form of
the recipient’s local currency. At times, these transfers are faster
than bank wires. The pre-transaction fee is fixed and costs much
lesser than sending a check across through courier. Quick cash can
also be obtained through a stored value card. This is a prepaid
card that is used like a bank account. Funds can be deposited or
withdrawn from the card. Transactions can be carried out only up
to the amount equal to the value stored in the card. Cardholders
can keep a record of all the transactions. Security and convenience
are the major advantages of this card. These cards can be used globally.
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