Branding Ideas for Your Consulting Firm

Jul 23, 2015

Every business is tough starting out; however finding your niche is one of the tougher aspects of being a new business owner. Every firm – every business – creates a brand.  This usually starts with the name, with the content, with the staff, and with its overall product. While some have an easy time putting everything in place, most do not, and it is helpful to see guidelines for putting your brand in place.

First off, you need to understand the challenges that will hit your industry. Every industry has its own unique challenges. For e-cig merchants, they have to deal with ever-changing regulations. With management consulting firms, your main challenge is that many who need your services do not know that you exist, or are not sure what you do. You need to be clear, and you need to educate your staff to be clear when it comes to services rendered.

You also need to be realistic. While every firm wants to represent and work with multi-million dollar companies, no one does off the bat. Be sure that you are realistic with yourself – and your clients – when it comes to who you are, what your services are, and give them what they deserve. Be sure to do your research as well. You need make sure that you know who your competitors are, and what they do. What do they specialize in? It is usually a good idea to get into an untouched, or underserved, area of the market.

You also need to make sure that you have good, reliable, and up to date communication tools. From email to apps to websites and social media accounts, you need to make sure that everything is professional and up to date. Results will take time, but social media is where many are finding their new businesses, and new business helpers. This is where you come in. It is okay to add a bit of “clean” or business-related humor to your social media accounts, but keep the majority geared toward you and the business.

Likewise, be sure that you employ a good consulting merchant account. There are many around, yet few are established and educated to the ins and outs of their challenging field. Be sure to do your research before signing on the dotted line.

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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