Extending credit to customers allows them to purchase goods and services and pay for them later on. Offering credit is often a win-win for both merchants and buyers and having a formal credit policy is among the most important best practices for managing accounts receivable. To establish an effective credit policy, it’s important to communicate…
Ultimate Guide
Foreclosure & REO Listings: Differences & How to Get Them
Foreclosure and real estate-owned (REO) properties mean owners are in unfortunate financial situations and can no longer afford their properties. This presents an opportunity for real estate agents to get new listings, help people in need, and improve their community by finding the right buyer or investor. To learn how to get foreclosure listings, you…
Vacant Home Insurance: Providers, Cost & Coverage
Vacant home insurance covers homes that are unoccupied for an extended period. It typically costs 50% to 60% more than your traditional home insurance policy, or around $2,170 yearly. Vacant home insurance costs more than traditional home insurance because unoccupied properties have a higher risk of exposure to weather damage, theft, and vandalism. We evaluated…
Hiring Employees in China: What US Employers Need to Know
China has a fast-growing economy and hundreds of millions of highly skilled workers, which can help your organization grow at a fraction of the cost you’d pay your domestic workers. This makes it appealing for US employers when hiring employees in China. However, it’s illegal for foreign employers to hire in China, and to comply…
Customer Satisfaction Survey Templates & Top Questions to Ask
Businesses that regularly collect customer feedback outperform businesses that don’t. Using CSAT surveys is easy and can give you immediate, actionable feedback.
A customer satisfaction (CSAT) survey is a questionnaire that businesses send to shoppers after they have made a purchase or received a service from your business. It is designed to capture sentiment around a particular product or experience rather than overall loyalty to your business. We’ve included two downloadable survey templates just below. Our guide…
PCI Non-compliance Fee: What It Is & How To Avoid It
A PCI non-compliance fee may be charged by merchant services providers or payment processors when a business does not meet minimum security standards when processing card payments. Fees range from $20 every month up to $5,000 or more, depending on the details of non-compliance and security breach, if any. These security standards—known collectively as the…
User-generated Content for Ecommerce: Ultimate Guide
For many small business owners, content creation is a struggle. It requires a lot of time and resources, and it’s hard to know if it will impact your bottom line until after you execute the idea. User-generated content (UGC)—essentially asking your customers to make content for you—is one way to make content creation a bit…
Virtual Fitting Room: Retailers’ Guide (With Examples)
Virtual fitting rooms—which leverage technology that lets shoppers see what they look like in clothes and other products without physically trying them on—have made steady progress since their debut in the mid-2000s. Demand accelerated during the COVID-19 pandemic, and many third-party platforms have now made the technology accessible to online and brick-and-mortar retailers of all…