Archives 2023

LOCs vs Factoring
L.O.C.s versus Factoring

The main difference between LOCs (Lines of Credit) and Factoring is the purpose of the financing. LOCs are mainly used to provide long-term financing for things like working capital, while Factoring is used to convert accounts receivable into short-term financing.

LOCs usually require a certain amount of collateral to be set up to secure against the value, while Factoring does not require collateral. With LOCs, borrowers can draw funds as needed, up to the maximum approved amount, while with Factoring, the borrower only receives the amount of the invoice, but that money is debt free unlike with the LOC for which the money must be repaid.

LOCs can have lower interest rates and fees than Factoring, but with an experienced Factoring Consultant representing your business, these Factoring fees are often dramatically reduced and Factoring is typically more flexible to be used in situations where LOCs are not available. Ultimately, the decision of which financing option to use depends on the borrower’s specific needs and financial situation.

What makes factoring a better choice for your business?

If your business is doing B2B sales on terms, such as Net 30 as an example, Factoring is a great alternative to using a line of credit (LOC) to finance business operations because it provides businesses with faster access to funding. Unlike an LOC, which requires businesses to wait for approval and to pay back the money over time, factoring allows businesses to receive funds almost immediately, and without incurring any debt to the business. Factoring also provides more flexibility in terms of repayment, as businesses can choose when and how much to pay back, depending on their current cash flow. Additionally, there are no restrictions on the types of invoices that can be factored, so businesses can use it to finance a variety of expenses, making it a more versatile financing option than an LOC.

Moreover, depending on certain key factors when applying to the bank, you might find that you business does not qualify for an LOC, or any type of Business Loan product for that matter, without pledging a significant asset, such as the business owner’s home as an example, as security against the funding’s potential for loss. With Invoice Financing setup through a Factoring program, the lender does not incur any debt because the value funded is already secured by the invoice of money already owed to the business for sales made that have not yet been paid for. This relieves a lot of pressure against the threat of potential loss that an LOC or other business loan might have, thereby removing many barriers to funding through the right Factoring program that the LOC cannot look past.

A great example is a startup business.

Startups are often unable to secure an LOC for their business, choking them off from the needed funding when they need it the most. Factoring does not bar against new startups because the business is already producing an owed the money prior to the amount being funded. For this reason, we believe Factoring to be a better option than an LOC when looking for business funding for startups.

For more information and to hire an experienced Factoring Consultant, contact us at Rocket Business Finance today.

At Rocket Business Finance, we provide experienced Factoring Consultants who can help you understand and get the most out of your factoring services. Our team of experts will assist you in understanding the details of the process, and answer any questions you may have. Whether you are just starting out, or are an experienced business owner, our team can help you make the most of your factoring services, help you identify the right deal and Factor to work with, and most importantly, save you money.

Our Clients save an average of $70,000 in fees they would have paid without having had our representation to back them up.

Contact us today to learn more and to hire an experienced Factoring Consultant to represent your Business against the Big Banks. We offer Free, No Obligation, Consultations and charge no service fees unless we find you the right deal. Fill out our Business Questionnaire Form to get started today.

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Say Goodbye to Cold Calling
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I’ve been doing this sales thing for roughly 30 years or so now, and in all that time there is really only one piece of advice that I can tell you that is guaranteed to keep you at the top.

Always expect that the process will change and be ready to adapt. This simple little concept has served me well, year after precious year, for 3 decades now.

For example, back in the day, I had to buy a new pair of shoes every couple of months because I would wear them out walking door to door to find my prospects and get my sales made. Fast forward to today, with all of the new technologies available to us in the sales field. Over the past couple of weeks, one of my close friends and business associates and I have been secretly working on a new lead generation/sales automation process that takes cold calling for sales (dialing for dollars as we used to call it) and puts the process on steroids for us. Just check out these results from his first test run:

  • 1,000 calls made (on autopilot)
  • 8 Hot Leads generated (on autopilot)
  • 1 sale worth $1,650 generated (mostly automated but slightly manually at the end)
  • Total investment: $67
  • Total ROI after the first day was complete: 2,363%

These results are phenomenal!!! (And this campaign is still just getting started)

Imagine, having to do 1/10th of the work you normally have to do, never have a zero sale day again, and put 80% of your time back into your day to enjoy your success without compromising on results. That is the power of the tools and system we have developed here at the TW3 System. Our system puts the power of the internet into your sales process in a way like never before (from one simple interface). CRM, Email and Text Marketing, Live Chat and Chat Bot, Sales Funnels, Lead Targeting System, On-line Auto-Scheduler, In/Outbound Multi-line Call Center, easy Web-Builder Interface, and even a fully customizable platform to build/sell online courses, or conduct training programs for your team.

Sure, you can go out and find these out there on your own, but here’s the best part. The TW3 System puts all of that into one simplified and completely integrated platform. No more accounts and passwords all over the world to remember and setup, and update repeatedly. No more monthly fees here, and monthly fees there, adding up to hundreds if not thousands per month. Everything can now be available to you (and your ENTIRE sales team) for one low monthly fee of just $150 after setup.

$150/month!!! Just imagine how much you will be saving. Our members tell us that, on the average, becoming a TW3 Systems Member and putting all of these tools under one integrated system saves them about $400-$900 monthly. That comes to a cost benefit for their businesses of $4,800 – $10,800 per year!

So there it is in black and white folks.

  • More sales with less effort
  • Cut business costs by $4,800 – $10,800 per year (on the average)
  • Increase lead traffic and work the leads (on autopilot)
  • Put more power into you lead generation and sales process than you currently have right now for less money that you are currently paying monthly right now.
  • Don’t waste time, and energy having to update multiple accounts all around the world. Our system can even manage all of your social platforms from one simple interface.
  • Weekly Q&A and Training Meetings are available for you (and your Entire Team) to join.
  • Dedicated support staff, and the benefit of a dedicated system trainer specifically assigned to your account so you never get caught in the typical automated system loop of death.
  • 80% more time added back into your schedule while the system works on your behalf

If you think this sounds too good to be true, I hear you my friend. I would too honestly if I haven’t witnessed it working in action myself. Don’t just take my word on it though. Call us up, or just text the word demo to (321) 248-1035 and set an appointment to view a walkthrough of the TW3 System for yourself. IT will be the best decision you will ever make for your business. Trust me!

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Can my business be sued for A.D.A. disability compliance on my website
Can my Business be Sued for My Website?

Can my business be sued for A.D.A. disability compliance on my website?

Yes, businesses can be sued for not being compliant with the Americans with Disabilities Act (A.D.A.). If a website does not comply with the A.D.A., a user may be able to file a lawsuit against the business. It is important to make sure that your website is A.D.A. compliant to avoid potential legal issues. There are a number of steps you can take to ensure that your website is accessible to all users, including making sure the text is readable and the colors used on the website do not interfere with a user’s ability to read the text. Additionally, make sure the coding used on the website is up to date and provides the necessary accessibility features for all users.

The Rocket ADA encoder can make your website compliant with the ADA, WCAG, and W3C.

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Pay attention to your local area today and you may just find gold there tomorrow.

One of the things people ask me all the time is “How do your find leads?” Truthfully, finding leads isn’t that difficult, and in many cases you can find them in your own back yard.

In today’s internet-based world, more and more small and home-based businesses are popping up on a daily basis. This means that their is a ton of business turnover in any town or city you are in. All you need to do is have a look at your local mall or shopping plaza to confirm what I’m saying. The point is that businesses continually refresh the marketplace by losses of old business and entrance of new business.

This provides a distinct advantage for the savvy marketer out there. By focusing on local community campaigns, your ads and community presence will become easily and well established within the community. As current businesses need services you provide, your business will be right in front of them. Moreover, as new businesses emerge, they will do so having seen your well established presence as the authority regarding their needs for your services. These alone make for a much easier lead flow. But don’t just stop there.

With a little well-thought planning, and the right tools at your disposal, you could actually create, run, manage, and grow business relationships on autopilot, without ever picking up the phone. Tools your business needs, and uses every day, such as: Autoresponders, Customer Relationship Managers, Social Media Management Systems, Call Center Software, Payment and Accounting Systems, Employee Training Systems, and more are all available to you in today’s busy marketplace.

Personally, I love the service provided by Rocket Business Tools. All of the systems and tools I need to help my business run and thrive are available to me and my business from one simple interface that can even be integrated with my company website and our available for me to fully control from the app on my phone. I used to have Getresponse for my email autoresponder, and RingCentral for my phone system, and even Hootsuite and Call Loop to run my social media and marketing campaigns. Each of them had their own systems to learn (which takes forever), their own logins to remember, their own service plans to buy, and never really spoke to one another like I thought they should, which created double and triple work for me. Now, I have Rocket Business Tools, and it’s wonderful.

With Rocket Business Tools, all you need to do is pick a plan based on what software systems and tools you are going to need for your business. Everything in that plan works together as if it were all one software system, not individual parts. This cuts down on the workload you have to do, and the time needed to do it. They can even help you integrate the tools right into your company website. Its all run on the TW3 Systems platform which has been around for roughly 15yrs, so you know you’re safe that all your work won’t just be lost one day. During the pandemic, when most business were forced to close, TW3 Systems actually grew. I don’t think they’re going anywhere anytime soon. That said, I still recommend frequent backups of your data as a general rule.

The Rocket Business Tools team also, works closely with the design department at Webhost Rocket which is my company. Because of this though, if you need a website designed to be great looking, and fully functional as well, that’s a terrific situation. They’ll work together with us to build you a perfect website with all the integrations needed to take charge of the marketspace you are in. Webhost Rocket is no slouch either though. I’ve been with a bunch of webhosting providers over the years and I will say this one is by far the best I’ve seen out there. I designed it that way. If you’re a techy person, check out the specs below.

WebHost Rocket Hosting Specs:

  • 80,000 US Based Servers
  • Lightning Fast, 20GB/s webpage load speeds
  • NVMe Rade 1 Storage
  • Unlimited Bandwidth
  • Always On DDOS Protection
  • Modification Protection
  • Weekly Anti-Virus / Anti-Malware Sweeps
  • Nightly Backups
  • Can be seamlessly integrated with Rocket Business Tools
  • Can be integrated with ADA Violation Compliance Protection

So as you can see, having the Rocket Business Tools integrate with a new website hosted by Webhost Rocket is a pretty awesome combination. And when you put these two systems together, and launch your local marketing campaigns, you are going to find amazing results. They can even setup financing for you with their lending program at Rocket Business Finance. You can finance the entire project, including the web-design and hosting from us at Webhost Rocket as well. If you check them out and decide to sign up, let them know I sent you and I’ll make a few bucks as well. If not, that’s ok too.

Happy marketing!