Category Archives: Uncategorized

Online Ads: Top Platforms to Grow Your Business – Business Loans

If you have a Gas Station, for example, you can create an ad so that everyone passing by gets an alert on their mobile phone informing them of the Gas Station, the price of the fuel, the distance and even creating a route on the phone. gps that will take the customer directly to your establishment. granlogiacostarica.org for an assessment

Putting it all together…

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You have seen that there are countless ways to invest in marketing your business and you may be wondering: but how do I invest in all this without compromising my cash flow?

Did you notice that throughout the text the term “marketing investment” was used instead of “marketing expenses”? We use the term “investment” because each topic in this article has an expected return. That is, for every marketing campaign you make for your business, a gain is expected.

Which in free translation means Return on Investment

Which in free translation means Return on Investment

The account is relatively easy, in general, for every $ 1 invested in marketing, a $ X return is expected.

This amount varies by business, but generally the return must be greater than the investment to be profitable.

For example, if you invest $ 5,000 in marketing and receive a return of $ 7,500, your return will be on Return on Investment, which is $ 2,500.

The ROI is a percentage result, so it is calculated as: Return / Investment. In that case you would have a 1.5% ROI.

Understanding which ones are applicable to your business

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After reading the tips and understanding which ones are applicable to your business, a serious study of your Cash Flow is recommended to understand how much money you would be willing to invest at this time and a good planning for how this money will be spent on your stock. marketing.

In addition, for specific marketing actions, you can even get a loan for your company to make your project viable.

So, did you like it? We at Good Finance are here to help business owners who want to see their business take off! To check out other tips on the world of entrepreneurship, follow our social networks: Facebook , LinkedIn and Instagram .

How to choose the best loan?

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When you go to the bank or a financial institution to ask for a loan there are two terms that have to help you decide for the best offer. it is about the ASD and the ECA. In this note I tell you more about each one to help you choose the bank that offers you the lowest interest rate.

Both the TEA and the TCEA refer to the interest rate. The first term stands for the Annual Effective Rate, while the second refers to the Annual Effective Cost Rate.

How are both interest rates different?

How are both interest rates different?

The TEA is the interest a bank will charge you for the credit you ask. So if you request 1,000 soles and the bank charges 10% the TEA will be 100 soles.

But in your monthly statement you will not only have to pay the TEA, but other bank commissions . The set of these other commissions, among other additional charges is known as the TCEA.

TEA and TCEA is always important

TEA and TCEA is always important

Knowing and comparing the TEA and the TCEA is not only important when you ask for a money loan. It is also necessary that you compare the TCEA, in the case of a vehicle credit, mortgage credit , loans for studies, etc. 

Some conclusions

Some conclusions

You must consider both the TEA and the TCEA when requesting a loan. If you have to prioritize any, I recommend that you look at the bank that charges you the lowest Annual Effective Cost Rate. Comparing is the key to access the best money or credit loan.