The Consulting Business is Booming

Sep 29, 2015

The consulting industry was one of many casualties of the last economic crash. But as the economy has rebounded, so has the consultation business. In fact small, independent consulting firms are doing very well, according to trend followers like Due to advances in technology, small firms have found it easier to navigate the marketplace and gain access to data that was exclusive to large firms. If you have an expertise in a particular field, it may be time to consider opening your own independent consulting.

It is not unusual to find dozens of business consulting firms in small cities like Sioux Falls. During the past few years a total of 91 management, technical, and scientific consulting services have appeared in the two-county metropolitan area. Business consulting leaders in the community state that there is a huge need for consultation in the city, especially for small to medium sized businesses as many do not have staff to deal with complex operational challenges,

Individuals who want to enter the consulting business must consider the importance of experience, the area of expertise, the cost of marketing, and how to build and maintain name recognition. According to Bruce Katcher, author of “An Insider’s Guide to Building a Successful Consulting Practice,” if an independent consultant is willing to work hard, market and sell themselves then they’ll never need another job.

The business consulting industry is being reborn. If you have an expertise or talent to share with others, consider venturing into this profitable niche. But in order to be successful, you will need an experienced payment processor, with expertise in high risk industries, to handle the payments of your clients. The electronic payments industry has helped thousands of “hard to approve” merchants create profitable business consulting merchant accounts. EMB has a full suite of payment processing solutions. EMB solution provide:

  • No set up fees for most merchants.
  • Fast approvals in 24 – 48 hours.
  • High Risk merchants approved.
  • High volume solutions: load balancing gateways and multiple MIDS.
  • Chargeback protection & chargeback prevention programs available.
  • iCheck Check Processing service, featuring quick payments. is a full service provider that offers a wide selection of Business Funding, Check Processing solutions, Payment Gateways, POS Solutions, and a full support platform. The business consulting merchant account managers of EMB can get you the payment solutions that traditional payment processors often deny.

Let us help you get a high risk merchant account today!

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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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