Improve cash flow through simple online payment tools everyone can use

One marketing and business strategy overlooked is on the accounting side with cash flow.

A Wall Street Journal article in February 2012, Mobile Payments Brighten Cash Flow, shares this:
•In 2012, more than 45% of 1000 small businesses surveyed cited “not getting paid on time by clients and customers” as the biggest challenge they faced when managing their cash flow (survey from Bank of America)

•A business who may have $10,000 in monthly bills who gets paid 30-60 days later than when invoiced after the product or service was delivered, would need to find alternative options for cash flow, such as line of credits or credit cards. Yikes. In this scenario using an e-commerce tool, you have the cash on hand, instantaneously providing a healthy cash flow. Your accounting books are a lot healthier too leading to opportunities to secure better business loan rates when you want to finally expand your business physically, personnel wise, or with a more advanced e-commerce model.

•Mobile-payment services understood security was the biggest concern by small business owners. They responded years ago by adding many levels of security – the most noticeable one is if you are in any secure website, you’ll see “https” instead of “http”. What is https? read here

Our solution: utilize an online and mobile payment system like PayPal or Square. Talk to us at Magnus on how to implement one of these, to invoice, take payments and collect your revenues instantly! With the right web setup and compatibility, we could easily add this for your business at only $100 for our time!

Contact us today to easily implement a full e-commerce system from installation, integration to your website, and full use for accepting credit cards, sending invoices and everything e-commerce for just $100! Email Us