Monthly Archives: October 2020

Why You Should Consider Promotional Products For Your Business

There are many options to promote your company and get your message in front of your customers. Promotional products are a unique way to remind your clients of your business and what you do for them. Here are reasons you should invest in these items.

Promotional items

Customers Love Free Things

The promotional products industry has grown over the past years because clients enjoy getting items they can use. While they can throw out paper advertisements, they will hold tight to something that is useful to them. They also note the genuine care you have for them through a gift versus a flier. When you are planning this type of marketing, think of what you would utilize in your professional and personal life such as electronic devices, umbrellas, and household items. Research these ideas and where you would give them away. See if they fit in your budget then place an order for them. If you are unsure if what you have selected will be successful, ask your staff or your family and friends to find out what they would find interesting to receive from your company. 

Choosing the Right Product

Identifying which promotional items will relate to your business will help this marketing be successful. Reach out to an online print designer Sacramento CA to determine what your company logo will look the best on. Compare the objects available with what your company does and consider ones that are similar to what you do. If you have a storefront, a reusable bag might be the best investment. If you build websites or repair computers, a USB stick or mouse pad could be a great idea.  When designing a graphic for a clothing item, come up with more than just your logo. A fun and creative illustration reflecting your business will lead your client to wear it over your logo alone. 

3 Types of Insurance Your Business Needs

Running a business comes with many of the same risks individuals need insurance for, but also adds additional insurance needs unique to business ownership. These are three of the types of business insurance you may need to purchase for your business. 

1. Workers’ Compensation 

If an employee gets injured while performing work for you, their medical bills, lost wages and other injury-related expenses will probably be covered by workers’ compensation laws. Most businesses are required by law to purchase workers’ compensation insurance Maitland FL, but even if it is not required, it is a good idea to have it. Even employees in low-risk work environments, such as offices, can experience slip and fall or repetitive motion injures that your business may be liable for. 

2. Property 

Whether you own your buildings or lease them, you will need property insurance to protect you from property damage caused by fires, storms, water, theft and other perils. While some types of water damage are covered by standard property insurance, flooding caused by hurricanes and other storms usually is not. You may need a separate flood policy if you are located in a high-risk area. Other perils, such as earthquakes, may also be excluded. If you are at a high-risk for excluded perils, you may need to seek specialty insurance for those risks.

3. Commercial Auto

Businesses are usually liable for damage caused by their employees when operating company vehicles while working. Additionally, you may wish to purchase comprehensive coverage that will cover damage done to your vehicles in an accident. Employees who drive their own vehicles are usually covered by their own insurance; however, you may need to purchase coverage for employees who use their own vehicles to deliver goods or services. 

Accidents and disasters can create substantial financial risks for business owners. These three types of insurance can help protect you against these risks. 

A Few Things You Need To Consider Before Buying an Investment Property

For centuries, real estate has been an excellent way to invest money and grow wealth. Some of the wealthiest members of our societies made their fortunes by investing in real estate. If you are considering following their example and buying an investment property, there are several things you need to consider before signing the paperwork.

Photo by fran hogan on Unsplash

Do You Have Enough Saved Up?

Evaluating your finances is the first thing to do when determining if you are ready to move into property investment. Buying an investment property is different than buying a primary residence. For one, you must have a 20% down payment because mortgage insurance is not available for investment properties. You should also make sure that you have enough money readily available to cover any problems you may encounter before you begin to get rent payments. If you don’t think you do, you should make a savings plan.

Who Will Be Managing the Property?

It’s also important to consider the day to day running of the property. If you are not sure about being a landlord, you should investigate rental management Tacoma WA. Rental managers can do the hard work of property management for a fee and are worth hiring if you feel like you won’t have the time to devote to being a landlord.

What’s the Right Location?

When researching where to buy an investment property, you should think about who your prospective tenant is and what they are looking for. Maybe you live in a university town and want to rent to students. You should look for properties that are close to campus and near shops and restaurants that appeal to students. Do you want to rent your property to a family? Then you should consider homes close to good schools.

If you feel like you have the right answers to these questions, you are probably ready to buy your first investment property. The next step is to contact a local realtor and start visiting properties. You are on your way to investing your money and getting great returns.