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Effective Management Articles (page 40)

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Mar 18, 2020
The 3 Most Unaccepted Payment Types Causing Frustration at Brick and Mortar Stores

How many forms of payment do you accept? Are you taking the right ones? According to an independent market research study commissioned by Weave, only 16% of small businesses offer more than three forms of payment. Yet, this same study found that when companies give their customers more ways to pay, their revenue increased by...

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Mar 13, 2020
84% of Small Businesses Are Annoying Customers with Limited Payment Options

Have you ever thought about what annoys your customers most about your business? You might worry that they don’t like your on-hold music, or the paint color in your office doesn’t suit their taste. You might wonder if they think your parking lot is a nightmare to navigate, or the temperature in your office is...

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Mar 13, 2020
4 Payment Options Proven to Increase Small Business Revenue by 29%

Before we launched a digital payment solution, we did a deep dive into the payment landscape, and what we found surprised us. Perhaps one of the most eye-opening stats we uncovered was this: small businesses that offer more payment options increased revenue by 29%. While we’re not saying that having more payment options was the...

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Mar 10, 2020
5 Reasons Why Customers Love Paying with Plastic Cards and Mobile Devices

Although we commonly associate money with banknotes and coins, this form of currency is increasingly becoming a thing of the past. As the 21st century progresses, cash and check payments are gradually disappearing from the marketplace. Transactions done through debit cards, credit cards, and digital wallets are the new normal. This change in how we...

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Mar 6, 2020
Clueless About Your Credit Card Processing Fees? You’re Not Alone (Almost 50% of Small Businesses Are)

Small business transactions have changed drastically as our economy adjusts to 21st-century realities. While business payments were formerly received through cash and checks, recent history has shown a clear transition to plastic and digital payments. What was once a luxury for the wealthy is now commonplace among many small business customers. Credit cards are everywhere....

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Feb 27, 2020
Mobile Payments: Will They Benefit Your Business?

Financial transactions have come a long way since the days of bartering and gold coins. While cash, checks, and credit cards have all enjoyed their days in the sun, mobile payments are quickly becoming the payment method of choice. If you’re a business owner, then the smart strategy is to move quickly to adapt to...

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Feb 26, 2020
3 Must-Have Payment Options that Make Payments Simple for Merchants

As a business owner, you strive to make it easy for people to work with you. Whether it’s offering convenient office hours, plenty of parking, after-hours support, or an easy-to-navigate website, you already know that customers will flock to you (and stick around) if there’s no friction between them getting the product or service they...

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Feb 19, 2020
Upgrade Your Business Phones with Smart Technology

Have your callers ever experienced any of the following: • A busy signal • A clunky phone tree that traps callers in an endless loop • A message that says, “this voicemail box is full.” • Endless ringing with no one answering • Dropped calls • Poor reception All of these are symptoms of an...

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Feb 19, 2020
Understanding How PBX Phone Systems Can Be an Asset to Your Small Business

You might be able to get away with a single phone line when your business is brand new, but as you add employees, you’re going to need a more professional solution. Here’s the good news: enterprise-level functionality is now available to businesses of all sizes without an enterprise-level price tag. By installing a PBX phone...

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Feb 11, 2020
How Small Businesses Benefit from Replacing Landlines with VoIP

Even though VoIP has been commercially available since 1995, there are still a lot of misconceptions about it. Some people think it’s only for big businesses. Others believe that VoIP is nothing more than Skype and Zoom, and it’s only for solopreneurs. These views are not only conflicting, but they’re also inaccurate. Today’s VoIP systems...

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Feb 4, 2020
How Landline Phone Systems Reduce Efficiency in Your Small Business

Households are saying goodbye to their landline phone systems in record numbers and embracing mobile technology. This trend begs the question about whether you should follow suit for your business. Though every business is different, there’s no denying that landline technology is on its way out. Recently, AT&T announced that they plan on ending landline...

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Jan 30, 2020
Virtual Phone Lines: What You Need to Know

Are you curious about having a virtual phone system? Are you wondering how it’s different from what you currently have and what it would require for you to make the switch? We’ve got all your answers in this guide, including what to do before you decide to implement anything. But first, what is a virtual...