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Wednesday, October 28, 2020

How to give your business a cash injection

Posted by admin on July 10, 2012

Are you facing some shortage of cash in your business? Here are a few tips on how to make some quick money that will help your business a lot. Follow these easy and powerful “cash injection” tips mentioned in this article.



Tip 1 : Make a special offer

One of the best ways to boost up your sales is to make special offers. It will create the feeling of “urgency” to people. This is believed to be one of the most powerful sales powers. You can keep your special offer as simple like a special discount for a limited period of time or by offering some kind of helpful bonus for a short time, maybe for not more than 3 days. This is enough time for people to know about your offer and act on it. Don’t make the offer last for too long otherwise it will weaken the power of urgency.

Tip 2 : Create a quick new product

You can make your own product in a very short period of time and start selling it. Many people think that it takes a long time to create your own product. But the fact is that you can create several new products every month, and make easy money from their launch.

Tip 3 : Offer private coaching

This is one of the fastest ways of making quick money. You will find many articles, website and ebooks on the Internet to browse through, but people still prefer to receive personal, one-on-one attention from experts to guide them personally. That’s why people are willing to spend money for personal coaching. You can make an announcement about offering private coaching for a limited period of time and you will receive a flood of sales at high-ticket price. Make sure that people benefit a lot from your coaching program and you need to provide them with valuable advice. You can communicate with people on the phone and share your advice.

Tip 4: Get a business loan or business finance option

If your business doesn’t have a product to put on special offer or you can’t think of a new product, you could approach a bank to lend to you for a cash injection. You won’t make money but you will get some cash so you can invest in a new product or service. You can apply for a business loan or overdraft. You could also consider an alternative like invoice finance.

There are different types of Invoice financing that is commonly talked about feature and it covers several financing options. It is also known as cash flow finance, receivable finance, debtor finance or sales finance.

Invoice financing is a way for a business in which debtor will book as security and release usually up to 85% of the cash tied up while they are waiting for the money to come into the business from unpaid invoices.