Category Archives: Business

How To Debt Management Services

unduhan-42The main aim of debt management is to make sure that people under the burden of heavy debts, who are finding it difficult to repay the ever mounting debts, due to reasons, such as insufficient domain expertise or defects in their credit management, get a well-planned and easy repayment schedule. The credit or debt counselors, who have recognized certifications, decide effective plans and strategies to clear the debts. Given below is the detail explanation of the process of debt management, which is carried out by the agency.

The Process of Debt Management

The two vital steps involved in the services are credit counseling and getting a proper program. Let us discuss these two steps one after the other to understand them better.

Credit Counseling

  • The first step taken by the team is credit counseling, which is imperative if you want to file for bankruptcy.
  • As a rule, you will have to approach the agency at least one hundred and eighty days before the day you actually file for the bankruptcy.
  • At times, though, when there are situations due to which you cannot file within the stipulated period, you are exempted from credit counseling sessions with the debt managers.
  • The suggestions about debt settlement given during the credit counseling sessions will help those who are planning to file for bankruptcy.
  • The bankruptcy court should be given all the details of the debt repayment suggestions given in the credit counseling.
  • Debt management services offer guidance on how to increase your savings for your own benefit, planning, and maintaining your daily household budget and other expenses, and on finding ways for debt repayment.

Getting a Program

  • The process of debt management cannot be complete unless a program is sanctioned as per the guidance and rules laid down during the credit counseling sessions.
  • The Equated Monthly Installments (EMI’s) are generally reduced to lessen the monthly payment obligations or burdens on the people who are finding it difficult to repay huge debts.
  • There is another procedure about debts, which may be implemented and that is the re-aging of the account as a current account.
  • This procedure does not cut the amount of debt to be paid by the person.
  • The re-aging can be done if the people, whose debt is to be managed, pay the EMI’s of three months, either one after the another or in a lump sum way.
  • However, due to this solution, you will not be eligible for getting new line of credit or loans.
  • The summary of this entire process is that a new line of credit, which can also be called debt consolidation of loan, is made available to the debt-ridden people.
  • Debt management by these services providers help to cut burden on people by forgiving the late fee charges and other fees.
  • The debt management service providers concentrate equally on re-aging and debt consolidation.
  • The re-aging, slowly and surely helps you in improving your credit scores.
  • The debt management facilities are available for people if they default on the payments of the monthly installments, for which is more than five months.
  • The credit rating received after consolidation of loan is R7 OR 17, which is better than that offered for the bad debts.

Debt Management Service Providers

  • The National Foundation for Credit Counseling (NFCC) and members of the NFCC such as Consumer Credit Counseling Services (CCCS), will help you solve your debt-related issues.
  • Debt settlement programs for help of common public are provided by the American Debt Enders.
  • This company will negotiate the interest rates on your behalf and will protect you financially in all possible ways.
  • There are some non-profit service providers as well as online facilities, which you could search surfing the internet.

You will be able to clear your debts early with the assistance provided by the debt management companies. Thus, in this uncertain financial world, debt management is a big boon.

Right Email Marketing Software Tips

unduhan-43There are two good reasons to adopt email marketing as a core component of your marketing campaign: It’s easy and inexpensive to create and it can deliver an impressive ROI ($44 for every $1 spent). Few marketing tools offer so much for so little.

To figure out if email marketing is right for your business, it’s critical to understand exactly what it is and how what your options are. Here’s what you need to know:

  • Email marketing is essentially the online version of direct mail. Instead of sending fliers and coupons to a customer’s home, email marketing sends those same items digitally to a customer’s inbox.
  • Whereas the impact of direct mail can be difficult to track, email marketing lets businesses see exactly who is opening their mail and which emails are leading to sales.
  • Businesses can use email marketing in a variety of ways, from building brand loyalty and finding new customers to encouraging loyalty and repeat business.
  • With email marketing, you have a choice of do-it-yourself software or full service agencies that do all of the work for you. You can read more about the differences between the two below.

What the experts say: “Email marketing is one of the most effective methods of direct communication between a brand and its customers,” said Seamas Egan, manager of revenue operations for Campaigner. “It is the leading generator of ROI over any other type of direct marketing and can be used for multiple use cases, including promotions, informational content, social sharing, relationship management and more.”


Tips to Long Term Business Success

unduhan-44If you want your business to succeed, a powerful marketing department is essential, new research finds.

Strong marketing departments help businesses thrive in both the short term and the long term, according to a study recently published in the Journal of Marketing.

“Structurally, the marketing department not only improves performance by increasing a firm’s capability to perform marketing activities, but also directly increases performance, because they influence the strategic decisions made by the top management team and direct their attention to marketplace issues,” Hui (Sophia) Feng, the study’s lead author and assistant professor of marketing at Iowa State University, said in a statement.

Researchers designed the study to measure marketing department power, and a company’s ability to build and leverage brand equity and customer relationships, by developing a new scale using publicly available data for more than 600 firms in the United States over a 16-year period.

To determine the marketing department’s power, researchers compared head count, compensation, number of responsibilities and rank of job titles of marketing executives to executives in each business’s top management team.

The study discovered that despite a worry that marketing departments have been losing influence in recent years, its power has actually increased. [5 Proven Marketing Tactics to Gain (and Keep) Local Customers ]

“Not only did it increase for firms that didn’t have a marketing department before and created one later, but also for firms that already have a marketing department,” Feng said.

To help measure whether specific company outcomes, such as sales, are a direct result of advertising or social media campaigns, researchers compared how well businesses used available resources to build brands and customer relationships, and their ability to turn those resources into cash flow. This allowed the study’s authors to estimate an organizations’ return on investment in building and leveraging its brand and customer relationships.

The research revealed that strong marketing department power is associated with strong short-term and long-term firm performance.

Feng said the study show that businesses should not be short-sighted and cut marketing budgets and staff because of a crisis or poor quarterly figures.

“Managers need to look beyond one quarter or one year and see marketing is important,” Feng said.

Although there are both short- and long-term benefits of strong marketing departments, company leaders need to keep in mind that it does take time and resources to build brands and customer relationships and that the return on that investment is not immediate. However, once the brand is established, businesses can leverage it to generate more cash flow, the research shows.

Feng said the study’s results have a clear message for businesses.

“It’s very straightforward — invest more in marketing and give marketing a stronger voice in the top management team,” she said. “It’s convincing evidence for marketing professionals to justify an increase in the budget and staff, request more seats and influence in the firm’s top management team, and show that powerful marketing departments create value both in the short-term profitability and long-term shareholder value.”