When we say business, it doesn’t always mean having a huge team of people in an office set up. At times, there are independent and/or freelance contractors who outsource manpower to fulfill a project. Small Contracting Businesses land huge projects and continue to grow.
1. Best Practices
There are systems or “best practices” widely used in any industry, especially in the Contracting Business Industry. However, it doesn’t mean that one system which works for 40 other companies would work for you. What if their filing system isn’t efficient for you? What if the software they use only process payments and you have to buy another program to manage your inventory?
Go the extra mile and work efficiently and use MX Merchant. With MX, your Contracting Business can process payments, manage inventory, process one time and recurring invoices, process refunds, and generate reports .
After setting up MX Merchant in place, this allows you to focus more on the service you provide to your customers and less on the back end.
2. Competetive Marketing
Creating marketing campaigns for your business is not just to generate buzz but also to land new customers and profitable projects.
Having an online presence is crucial and targeting a specific market is now easier through social media. You can set up email campaigns, social media ads, blogs, and videos to serve as your portfolio that you can hand out to potential customers online.
3. Learn Which Customer to Serve
Being picky is a big NO but you also have to weigh in the profitability of a project. Sometimes, it’s hard to say no but not all projects can earn you big bucks. Some projects may even make a business lose money but it’s a risk they take in the hopes of landing even larger projects through a referral program.
Getting your ROI is the number one objective, especially when you have people on payroll. To avoid the stress you might endure from not very profitable clients, you might want to weed out possible bad ones before you sign on. This will save your company time, money, and effort.
Looking for a way to speed up transactions after each project? Talk to us and we’ll help you set up for your success.
