Many modern day entrepreneurs have to combine their ingenuity with salesmanship in order to be successful since it is very hard working freelance and also obtaining investments or support from third parties.
The best method for manifesting your innovative designs or services in todays competitive market is to completely go it alone, be sure to patent your ideas and obtain the relevant copyrights/trademarks since there are a lot of dishonest people out there that might spin off taking your original thoughts with them.
After you have thoroughly come up with your action plan you need to ensure that you have working prototypes to show potential customers, this way they know exactly what they will be purchasing and you can then invest your money in the manufacture of more products after you have taken lots of orders.
The latter strategy applies to a wide range of business opportunities not only inventions but also training facilities, small enterprises and even online projects, for example, you may invent an internet service which becomes popular and you will need to think about reserving domain names, your website branding and also need to organise a payment gateway which ensures you retain the maximum amount of revenue which comes as a result of your originality.
To summarize it is true to say that most of today’s entrepreneurs are freelance and also operate in the same manner as a salesman, therefore they usually need to market their products whilst on the move. The problem comes when these traveling businessmen make a sale and need to accept a card payment from their customers, however, modern day technology has advanced to provide them with devices known as mobile PDQ machine.
The only difficult part for freelance business owners when it comes to accepting payments is that they need to have a good credit rating when applying for the specialized merchant account. The need to prove that they are a legitimate business because the acquiring banks are reluctant to handle their payments if they think there could be a risk with one of the transactions.
After the entrepreneur has provided details of his/her average sale amount and the expected annual turnover he/she can talk with a a card processing broker such as Seymour Direct and they will advise he/she to use either a countertop or roaming Sim card PDQ device like the one pictured above if they are planning to take customer transactions at any location.
If you have been considering starting your own enterprise and do not know whether you will be suitable for a specialized merchant bank account then you should gather all of your documentation that you processed when registering your trademarks/copyright etc and this should suffice when it comes to winning over the acquiring bank.
Depending on the nature of your business/services, rates will fluctuate for the
small cost deducted from each of your transactions but as long as you do not
have high risk items you should get low fees.
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