Sales - Growegy

Social Media Stress Keeping You From Success?

Marie Twist — Wed, 21 Jan 2026 00:06:04 +0000

Social Media Stress Keeping You From Success?

In the fast-paced world of business development, consistency is the unsung hero. Whether you’re a startup looking to make your mark or an established company aiming to maintain its presence, a well-structured social media strategy is crucial to your success. We understand that social media can be both a powerful tool for growth and a source of overwhelm for busy entrepreneurs. But fear not—creating and sticking to a posting schedule is more manageable than it seems, especially with our suite of productivity tools designed to accelerate your business growth.

Why a Posting Schedule Matters

When you maintain a consistent posting schedule, you build reliability, trust, and familiarity with your audience. Your activity is an early indicator that you are an active and responsive business. Through regular engagement, you instill confidence in your brand, making it more appealing for investors and customers alike. As a bonus, if you are running paid ads on that platform, your dollars go a litter further when your page is active and some platforms won’t allow you to advertise at all until you hit a certain posting benchmark with your business page.

The Art of Varied Content

Diversifying your content is like offering different flavors of ice cream in your shop—you cater to a broader audience. More importantly, it keeps your content fresh and engaging, allowing you to push more value by publishing more than the occasional sales post. Only about 20-30% of your content should be geared towards sales, the rest should be focused on providing educational value, entertainment and building community. Here’s a basic structure you can adopt:

Mondays – Educational Posts: Share useful tips, industry insights, current events or how-to guides. Position yourself as an authority in your niche, showing that you’re not just selling but also enriching your community’s knowledge. This is a great time to write a blog post for your website that you can feature as a post, showing off your expertise. This should help drive more traffic to your website and hopefully increase your conversions.
Wednesdays – Sales Promotions: Highlight product features, services, or special promotions. This is your moment to showcase your value proposition and prompt action.
Fridays – Inspirational or Review Highlights: Everyone loves a feel-good story. Post customer testimonials, showcase success stories, or share inspirational quotes that align with your brand philosophy.

How Often Should You Post?

Finding the sweet spot in frequency is essential; posting too little can make you forgettable or seem like an inactive page, while too much can overwhelm your audience. As a general guideline, aim to post at least 2-4 times a week. This ensures that your content stays visible and keeps you actively engaged with your audience.

Overcoming the Overwhelm

We get it—managing social media can be intimidating, especially for small business owners juggling multiple roles and responsibilities. The first step is often the hardest, but embracing social media shouldn’t be feared. With Growegy’s tools, it’s easier than ever to conquer that anxiety and transform it into excitement.

Worried it’s too Soon?

Visibility is one of the biggest roadblocks for any business. Starting early and starting right can help you to establish good habits and begin building your audience early. Start off by posting about your story, how your business came to be and why you are passionate about your industry. Create engaging posts that go over the issues your business will be solving. Introduce your team and yourself to your audience and allow them to connect with you. Start educating and showing off your experience and then create coming soon posts for future products and services to build excitement for your brand. This is also a great time to join groups and other online communities where you can interact with potential customers.

Streamlining with Growegy’s Solutions

Our Automated Social Media Posting feature takes the hassle out of maintaining a presence on Instagram, Facebook, and YouTube. Schedule your posts, whether they are carousels, reels, stories, shorts, or longer videos, directly from the Growegy App. Choose the platforms you want and let it run—set it and forget it!

Moreover, with our Content AI Generation tool is accessible from the scheduling tool, drafting and scheduling out engaging posts has never been quicker or more efficient. Our AI assists you by generating initial drafts, seeking out the information you may need, or even crafting entire promotional campaigns. This way, you can dedicate more of your valuable time to advancing higher-level tasks.

Start Posting Today!

Don’t let daunting or complicated social media plans stand in the way of your business success. With structured planning and the right tools from Growegy, managing social media is far from a chore—it’s an empowering aspect of your business strategy. Embrace the possibilities. Reap the returns. Let Growegy be your partner in building and maintaining a vibrant online presence, one post at a time.

The post Social Media Stress Keeping You From Success? first appeared on Growegy.

Maximizing Sales Through Effective Product Descriptions

Marie Twist — Tue, 18 Nov 2025 06:30:55 +0000

Maximizing Sales and Visibility Through Effective Product Descriptions

If you are a business owner, you know that your website serves as your digital storefront, a place where potential customers come to learn more about your products or services. In this digital age, your product descriptions are not just explanatory text; they are a critical component of your marketing strategy. At Growegy, we understand the importance of crafting compelling, informative, and keyword-rich product descriptions that drive sales and improve your website’s visibility.

The Value of Good Product Descriptions

Boosting Sales

Your product descriptions are key to persuading potential customers to make a purchase. A clear, engaging description helps paint a picture of the benefits and features of your product, making it easier for customers to understand why they need it. An effective product description not only informs but also evokes an emotional response that aligns with your brand’s voice and appeals to your target audience’s needs or desires.

Enhancing Website Visibility

In addition to engaging your audience, well-crafted product descriptions can significantly boost your website’s visibility. Search engines like Google use keywords to determine the relevance of your pages in response to search queries. By integrating strategic keywords into your product descriptions, you optimize your content for search engines, increasing your chances of appearing in search results and attracting more organic traffic to your site.

Keyword-Rich Descriptions: Making Every Word Count

When creating product descriptions, it’s essential to use keyword-rich language that is both natural and meaningful. Keyword stuffing—cramming as many keywords as possible into your descriptions—can harm readability and reduce the quality of your content, ultimately leading to poor user experience and lower search rankings. Remember that your descriptions should be between 150 to 300 words but your first 145 to 180 characters are going to have the most impact. Platforms like Google will only show up to 180 characters of your description when showing in search results. It’s important to put the most important information at the beginning of your descriptions so the customer’s first impression is accurate. You can also update your meta descriptions and be in control of what shows up under your URL in search results.

A Poor Product Description VS A Great One

“Shoes. Sandals. Beach wear. Comfortable Sandals.”
Vs.
“Step into comfort with our eco-friendly walking shoes. Made with breathable, recyclable materials, these shoes provide unparalleled support for your daily adventures. Available in a range of sizes and colors, they combine style and sustainability at an affordable price to fit any budget. Perfect for the conscious consumer looking to reduce their carbon footprint without compromising on quality.”

The first description lacks detail, does not engage or inform the reader, and is blatantly repetitive. It fails to explain why the shoes are valuable to the customer. The second description is rich in detail, engaging, and uses keywords like “eco-friendly walking shoes,” “breathable,” “recyclable materials,” and “sustainability.” It provides valuable information, appeals to the target market, and efficiently integrates keywords that enhance SEO.

Growegy’s Solutions for Crafting Impactful Descriptions

At Growegy, we are committed to accelerating your productivity and achieving your business goals. Our Content AI Generation tools are designed to help you craft impactful product descriptions effortlessly. Here’s how our AI-driven solutions can revolutionize your content creation process:

Time and Cost Efficiency: Save time and money by allowing our AI to write your first drafts. This enables you to focus on higher-level tasks, such as strategy and growth planning and keeps you from writer’s block!
Ready to Go: Our AI is always at your service and in the palm of your hand with our mobile app. Delivering high-quality content, gathering relevant information, and creating promotional campaigns to enhance your marketing efforts is a breeze.
Keyword Optimization: With advanced algorithms, our AI analyzes market and industry trends to suggest the most effective keyword strategies, ensuring that your product descriptions boost your site’s search engine visibility. Simply ask the AI to integrate your keywords into your product description and watch the magic happen as it curates effective, keyword rich descriptions.

Effective product descriptions are vital to both attracting and retaining customers and improving your digital footprint. By leveraging Growegy’s Content AI Generation tools, you can create descriptions that not only showcase your products but also improve your website’s SEO, paving the way for business growth and added visibility. Let us empower your journey by taking charge of your content needs and accelerating productivity for your small business success.

The post Maximizing Sales Through Effective Product Descriptions first appeared on Growegy.

Why Ignoring SEO Could Be Costing You Sales

Marie Twist — Sun, 16 Nov 2025 03:07:05 +0000

Unlocking Your Business Potential: Why Ignoring SEO Could Be Costing You Sales

In today’s digital landscape, there is a competitive advantage that many small business owners overlook: Search Engine Optimization (SEO). Ignoring your SEO strategy might be silently costing you sales and visibility, limiting your business’s growth potential. At Growegy, we recognize the transformative power of a robust SEO strategy, and we’re here to help small business owners harness it to accelerate their productivity and position themselves for better funding opportunities.

The Pillars of Effective SEO

Meta Descriptions | Your Business’s First Impression: Meta descriptions are short snippets that summarize your page content, appearing under the page title in search engine results. While meta descriptions don’t directly impact rankings, they strongly influence click-through rates. Crafting compelling and precise meta descriptions that echo your brand’s voice can entice users to visit your website, thereby increasing traffic. If you skip creating your meta description search engines often create one for you, often creating a snip that isn’t as impactful as it could be.
The Importance of Image Sizes and Alt Text: Large, unoptimized images can slow down your website, degrading user experience and search engine rankings. Always resize and optimize images to ensure fast loading times. Additionally, alt text enhances accessibility and provides search engines with context about the image content, augmenting your page’s search performance.
Strategic Use of H1 and H2 Descriptions: H1 and H2 tags are crucial for structuring your web pages and signaling to search engines what your content is about. Each page should have one H1 tag that represents the main topic. Utilize H2 tags for subtopics, broadening your reach with additional keywords. Diversifying descriptions across these tags can capture a wider audience and improve search relevance.
Crafting Page Titles Mindfully: Page titles are critical; they should be descriptive yet concise, ideally under 60 characters. A strong page title not only helps search engines understand your content but also acts as an immediate call to action for potential visitors.
Content Depth | The Antidote to Low Content Pages: Low content pages are missed opportunities. Search engines use content to understand your page’s relevance, so if your pages lack depth, you risk not appearing in relevant search results. Focus on creating content that is relevant, engaging, and informative. Avoid filler content, as it can cause confusion, loss of interest and deter potential customers.

Avoiding Pitfalls: The Cost of Filler Content

Adding filler content might seem like a quick fix to bulk up your web pages, but it can dilute the message and frustrate visitors, leading to high bounce rates. Each piece of content should have a clear purpose and enhance the user’s understanding or experience.

Growegy’s Commitment to Your SEO Success

At Growegy, we are committed to empowering small business owners with the tools they need to succeed. As part of our annual plan, we offer complimentary SEO Technical Review and SEO Content Review with Keyword Suggestions as loyalty benefits during the first three months of service. For those on our monthly plan, these benefits are available on months 6 and 10.

Our in-depth reviews address any blind spots in your current SEO strategy and provide actionable insights to increase your online visibility. By choosing Growegy, you’re not just prioritizing your business’s immediate needs—you’re strategically positioning it for sustainable growth and increased funding potential. Let’s start growing today!

The post Why Ignoring SEO Could Be Costing You Sales first appeared on Growegy.

What is a Meta Description and Why You Shouldn’t Ignore It for SEO Success

Marie Twist — Wed, 05 Nov 2025 02:13:34 +0000

What is a Meta Description and Why You Shouldn’t Ignore It for SEO Success

In the bustling world of digital marketing, every small business owner aspires to increase online visibility and attract potential customers. Let’s dive into an often overlooked yet critical element of website optimization: meta descriptions.

What Are Meta Descriptions?

Meta descriptions are brief, HTML attributes that provide concise summaries of web pages. They’re designed to give internet users a snapshot of your page’s content through search engines like Google or Bing. Typically displayed beneath the page’s URL in search results, meta descriptions are crucial in driving traffic to your site.

Example of a Meta Description on the Search Engine Results Page.

Why Meta Descriptions Matter

A well-crafted meta description can significantly impact your website’s performance by:

Increasing Click-Through Rates (CTR): An engaging meta description captures the attention of users scrolling through search results, encouraging them to click on your link over others.
Improving SEO Performance: While meta descriptions don’t directly influence search rankings, they play a pivotal role in enhancing user engagement, which can positively affect your SEO.
Enhancing Visibility: Including relevant keywords in your meta descriptions increases the likelihood of search engines displaying your page, thereby improving your site’s visibility.

The Cost of Ignoring Meta Descriptions

If your website lacks meta descriptions, you miss vital opportunities to engage potential customers. Without them, search engines might generate automatic snippets from your site content, which may not reflect your business effectively or motivate users to click through. Adding in your custom meta description allows you to control the customer’s first impression of your company.

Optimizing Your Meta Descriptions

Crafting effective meta descriptions is easy with a few simple guidelines. Make the most of your meta descriptions:

Character Count: Aim for a length of 150-160 characters. This range prevents truncation while allowing sufficient space to convey key information.
Keywords: Include primary keywords that are relevant to the page content and search intent. This strategic use of keywords helps align with what users might be searching for. Think of the problem you are solving for your customer and what search terms they may be using when looking for a solution.
Where to Update Meta Descriptions: You can usually find the option to add or edit meta descriptions in your website’s CMS (Content Management System) under the SEO settings or directly within your HTML code. Many services, like Shopify and WordPress, have a specific section just for SEO and that is where you will find your options for meta descriptions.

Examples of Meta Descriptions

Poor Meta Description Example: “Great products, great prices, great service.”

Why it’s poor: It’s generic and lacks specifics or keywords that differentiate the page from competitors. No specific product, service or even industry indicated.

Excellent Meta Description Example: “Discover innovative promotional products tailored for small businesses. Boost your brand with custom designs. Free consultations available.”

Why it’s excellent: It’s engaging, highlights unique selling points, includes keywords, and encourages action with a call-to-action.

Harnessing Meta Descriptions with Growegy, Inc.

At Growegy, we understand the complexities of content creation and the importance of crafting effective marketing strategies. By utilizing our comprehensive suite of tools and expert guidance, you can refine your meta descriptions, thereby enhancing your website’s performance and visibility.

Boost your business by investing time in optimizing your meta descriptions—capitalize on the simple yet powerful tool today!

The post What is a Meta Description and Why You Shouldn’t Ignore It for SEO Success first appeared on Growegy.

Elevating Your Small Business: The Critical Role of Visibility and Online Presence

Marie Twist — Sun, 05 Oct 2025 04:34:54 +0000

Elevating Your Small Business: The Critical Role of Visibility and Online Presence

In today’s fast-paced digital marketplace, a strong online presence isn’t just a nice-to-have for small businesses, it’s a necessity. For business owners seeking to enhance their marketing strategy and content creation efforts, understanding the importance of visibility can mean the difference between clicks and conversions. We will explore the elements that contribute to a thriving online presence and highlight how they can significantly impact your business’s growth.

The Power of Being Seen: Visibility’s Role in Business Success

When potential customers search for products or services, there are often hundreds of options available. Visibility ensures that your business stands out among the competition, ultimately driving traffic and, more importantly, sales. Let’s dive into the components that enhance your brand’s visibility.

A Professional Website

Your website serves as the digital storefront of your business. It is often the first impression a potential customer has, and you want it to be positive. Ensure your website is:

Mobile-friendly and easy to navigate
Equipped with clear calls to action
Loading quickly for optimal user experience
Clear and concise, ensuring that your products and services identified and easy to understand immediately
Optimized for search engines (SEO) to improve your search rankings

Active Social Media Presence

Social media platforms are powerful tools for engaging with your audience and building brand recognition. Establishing an active presence on platforms like Facebook, Instagram, LinkedIn, and TikTok can:

Humanize your brand through direct interaction
Showcase your products and services creatively
Provide channels for customer feedback and reviews
Give your paid advertisements on that platform a leg up

Ready to launch social media profiles? Check The Right Time to Launch Your Social Media Presence.

The Influence of Social Proof

Customers are more likely to trust businesses that others recommend. Gathering and displaying customer reviews and testimonials on your website and social media can build trust and authenticity. Platforms like Yelp, Facebook reviews, and Google My Business reviews are integral in shaping public perception and influencing buying decisions. Successfully leverage social proof by:

Including a section on your website for social proof, a carousel of reviews from happy customers can be a massive leap forward to establishing trust with new visitors
Prioritizing your social proof on your website by bringing it right under your Product/Services section
Keeping it updated, when you receive a stellar new review put it on the website
Creating a highlight post on social media when you receive a new review, allowing you to share that review with your audience on other platforms

Claiming Your Business Listings

Visibility is not limited to social media and websites. One of the fastest and easiest ways to gain some additional visibility is by claiming your free business listings online. Ensuring your business appears in local search results involves:

Claiming and updating business profiles on Google Maps, Apple Maps, Yelp, and Yellow Pages
Including accurate and up-to-date contact information, business hours, and location
Keeping your offered services and your service area up to date
Including links to your website and social media pages (if applicable)

Engaging the Local Community

Don’t overlook the value of local visibility. Are there region-specific opportunities for networking in your community? Is there a farmers’ market or real estate networking event you can attend? Are you doing volunteer work? Is there a community center, local theatre or an app your neighborhood uses? Here are some places you can get started:

Use apps like Nextdoor and Alignable to engage community members and promote local services
Participate in local events or sponsorships to increase brand awareness. Craft fairs, farmers markets, networking events, conventions and meetup groups can all be found through a quick web search
Use flyers and brochures in strategic locations within the community to capture the attention of nearby prospects, you can take those same flyers and brochures with you to any in person event you do

Turning Clicks into Customers: The Journey to Conversions

Visibility is crucial, but converting a click into a sale requires seamless customer experiences and strategic touchpoints:

Streamlined Purchasing: An optimized checkout process on your website reduces cart abandonment rates.
Personalized Engagement: Tailored offers and content keep potential buyers interested and nurture them through the sales funnel.
Follow-Up: Effective follow-up via email or retargeting campaigns can convert interest into purchase decisions.

The Long-Term Benefits of Visibility

Establishing a solid online presence doesn’t always and immediate boost sales—it also paves the way for sustainable growth. Building brand loyalty through consistent engagement fosters lasting relationships with your customers. Visibility expands your reach, creating a strong online platform, generating scalability locally and beyond. Additionally, tracking online interactions provides valuable data to refine your marketing strategies.

Takeaway

For small business owners striving to amplify their marketing efforts and drive sales, prioritizing visibility and an online presence is key. Often, the first thing a consumer does before buying from a new business is conduct an internet search. What will your audience find when searching for your business name? By harnessing the power of a professional website, active social media engagement, local business listings, and stellar customer reviews, you can elevate your brand above the competition. Remember, in today’s market, it’s not just about being seen, it’s about making meaningful connections that convert clicks into loyal customers. As you build your online presence, you’ll establish trust with your audience and unlock new opportunities for growth and success.

Want more free visibility tactics? Explore Boost Your Business Visibility.

The post Elevating Your Small Business: The Critical Role of Visibility and Online Presence first appeared on Growegy.

Boost Your Business Visibility: Free Strategies for Small Business Owners

Marie Twist — Thu, 02 Oct 2025 23:05:41 +0000

Boost Your Business Visibility: Free Strategies for Small Business Owners

In today’s fast-paced digital world, visibility is crucial to the growth and success of any small business. If potential consumers and clients cannot find or validate you as a credible company, it might make the difference between securing a sale and losing a customer to a competitor. This is even more critical when you’re selling through a lesser-known platform or directly from your website, where trust and legitimacy can make or break the deal.

At Growegy, Inc., we empower small business owners with the knowledge they need to succeed. One of the simplest, yet often overlooked, strategies is leveraging free online resources to increase your business’s visibility and build that essential trust. Here’s how you can do it.

Prioritize Your Online Presence

The first step to gaining visibility is establishing a strong online presence. This is not limited to creating a website or being active on social media, it includes adopting a comprehensive digital strategy.

Create a Website and Blog: Your website serves as the digital storefront of your business. Ensure it’s optimized for search engines (SEO) and regularly updated so that your business and products/services can be found. Adding a blog with valuable content can also drive traffic to your site, creating additional opportunities for SEO and keywords, while allowing you to establish yourself as an expert.
Social Media Engagement: Be present on platforms where your target audience spends time. Use social media to share content, engage with followers, and participate in conversations related to your industry. Posting at least twice a week is recommended and make sure you are responsive to those who engage with your posts.
Claim and Optimize Free Business Listings: Platforms like Google Maps, Bing Places, Apple Maps, Yellow Pages and Yelp provide free business listings. By claiming and optimizing these listings, you not only increase your visibility but also add credibility to your brand.

Strategies for Nationwide Businesses

If your business serves a national audience, focus on strategies that amplify your reach across the country.

SEO Optimize your content with keywords that align with search intent across various regions. There are lots of free courses out there like this one from Google’s Skillshop on visibility to teach you the finer points of SEO and SEM.
Online Marketplaces: List your products or services on sites like Amazon, Etsy, or eBay. These platforms provide access to a wider audience and enhance your national visibility.
Public Relations: Engage with national media outlets, influencers, trusted brands that are complimentary to yours and blogs relevant to your industry to share news, guest articles, or features about your business.

Strategies for Local Businesses

Local businesses should focus on dominating their immediate area before expanding their horizons.

Local SEO: Ensure your business is featured on local searches by optimizing your Google My Business profile and encouraging customer reviews.
Community Engagement: Participate in local events, sponsor community activities, or join regional business groups to increase your visibility in the local scene.
Geo-Targeted Advertising: Utilize geo-targeted ads on platforms like Google Ads and Facebook to reach potential customers in your area.
Online Localized Marketplaces: List your products or services on sites like Facebook Marketplace and Nextdoor. These platforms connect you with potential customers local to your area who may already be seeking your products and services.

Mitigating Spam and Unwanted Calls

While increasing your business’s visibility, you might face an influx of spam calls. Here’s how you can mitigate that:

National Do Not Call List: Register your business number on the National Do Not Call Registry. This free service allows you to reduce the number of telemarketing calls you receive.
Call-Blocking Apps: Use apps designed to filter out spam calls. These apps identify spam numbers and prevent them from interrupting your day-to-day operations.
Phone System Features Consider using phone systems that offer call filtering and blocking features, allowing you to screen calls effectively.

Take Your First Steps Today!

Small business owners don’t need a large budget to enhance their visibility. With a strategic approach to online presence and a firm understanding of free tools and resources, you can increase your reach, attract new clients, and lay a solid foundation for growth. At Growegy, Inc., we specialize in helping small business owners develop effective marketing strategies and content, setting you on the path to success while aiming for funding opportunities. Take the first step toward boosting your business visibility today and watch as your small business begins to flourish.

If you are a Growegy Net 30 Account holder, reach out to your account manager today and request instructions for claiming your free business listings. You can also schedule your monthly consultation to gain help and insights into the best strategy to gain visibility for your company.

For more insights and personalized strategies, contact us at Growegy, Inc. Let’s grow your business together!

The post Boost Your Business Visibility: Free Strategies for Small Business Owners first appeared on Growegy.

Growegy Net 30 Business Suite Account Overview

Iana Ishchuk — Fri, 11 Apr 2025 23:17:51 +0000

Growegy Net 30 Business Suite Account Overview

About Company

Growegy offers a suite of AI-powered business tools designed to help small businesses plan marketing campaigns, create promotional content, build business plans, find the right funding, manage tasks and workflows, all while building their business credit with net 30 terms. Customers receive access to a dedicated account manager with included monthly one-on-one consultations and additional complimentary agency services as a part of the loyalty benefits program.

Is a Growegy Net 30 Account Worth It?

Growegy is here to help you with growth and strategy for small and medium business owners. Our account managers help companies integrate their business into the software platform to get the most out of it. During consultations they can go over software demos and help you with your business strategy!

The Small Business Administration reports the most common reasons small businesses fail include a lack of capital or funding, retaining an inadequate management team, a faulty infrastructure or business model, and unsuccessful marketing initiatives.

Growegy addresses 3 of the 4 reasons that businesses fail.

Business Credit Building: With Growegy net 30 terms, we help small businesses build the transaction history needed to show legitimacy. Paying your invoicing on time or a bit early sets you up for continued success in obtaining lending. We work with Experian Business and Equifax Business credit bureaus to automatically report transaction history, building out your credit profile for future lenders. With the use of our funding feature we can help you identify which funding you may qualify for and a path forward for the ones you don’t qualify for yet.
Tailored Content AI Generation: AI saves your business time and money, it is always ready to write your first drafts, find information, or create promotional campaigns, so you can spend time on higher level tasks. Many of the business owners we work with don’t know how to get started with social media and struggle to keep their accounts active. Between our AI and the Account Manager’s guidance, we have you covered! Our AI is unique, adding in your personalized business details to share with our AI so content is always on brand and using the right tone for your audience.

Business Management: Growegy provides a Business Plan AI generation, project management calendar, a dedicated account manager, and marketing agency services to ensure your business can launch promotions and get discovered. Additionally, we offer built in analytics for your marketing campaigns to help you identify what’s working for your company and where you are wasting time and money.

Growegy automatically reports business credit to Equifax Business and Experian Business on a monthly basis.

Growegy has been featured in the NET 30 guides of several industry leaders, including Nav, TRUiC, Startup Savant, and FairFigure. Since 2020, we have proudly served over 5,000 businesses.

Growegy Net 30 Account Pros

Available to New and Established Businesses. Growegy has a quick and easy approval process for net 30 applications. Growegy will complete the review and account creation within 2 business days (48 hours) from application submission. There is no personal guarantee or personal credit check involved. Automatic credit reporting commences as soon as you provide your Tax ID or EIN Number.

Growegy offers All-In-One product (Net 30 Business Suite) that includes:

1. Business Credit: Growegy issues invoices on net 30 terms and reports monthly to Experian and Equifax.

2. Business Plans: Business credit scores are a start, but obtaining a loan requires more than making payments on time. Our customizable business plans, complete with financial analysis and projections, help ensure you are better positioned for future funding opportunities and keep your team aligned with your company’s goals.

3. Content AI Generation: Growegy’s AI is unique, offering personalization for your specific business, allowing AI to get a better understanding of your business and provide you with more comprehensive results. If you don’t know how to use AI for your business, Growegy has you covered with the library of preset prompts to get you started and access to a dedicated Account Manager that can meet with you so you can do it together. Use it to create your first draft for your content, look up best practices, create marketing schedules and even to help you optimize your SEO.

4. Business Management: We offer a project management calendar, a dedicated account manager providing one on one consultations, and marketing agency services, in the form of free loyalty benefits as well as add on services,to ensure your business can launch promotions and get discovered. Your account manager can help you to set and maintain goals within our system, ensuring that your business continues to move forward.

5. Funding: Growegy’s Funding feature allows you to answer a few quick questions and get matched with potential funding opportunities without any impact to your credit scores. Each match provided gives you details about other qualifications you may need to meet, shows you which qualifications you did meet, and provides you with some information about the lender. From traditional SBA loans to more creative financing, allow us to help you find the funding your business deserves. Not sure what to do with your results? Schedule a free funding consultation to go over the results together and plan a path forward with your account manager.

6. Marketplace: Growegy offers a curated selection of partner services tailored specifically for small businesses, featuring exclusive bonuses and discounts for Growegy users, to enhance your experience.

7. Growegy on the Go! Growegy has launched a mobile application designed to enhance your experience! Additionally, you can sign up for text reminders about the due dates for net 30 invoices, ensuring you never miss a payment.

Additional Purchases:

Growegy also provides you with the option to purchase additional agency services, helping you with your company’s SEO, content creation, social media management and more! All purchases are invoiced on Net 30 terms and help to increase your reported credit limit.

Growegy Net 30 Account Credit Reporting

Growegy automatically reports every month to the following credit bureaus:

Experian Business
Equifax Business

Growegy reports data to the bureaus regardless of when you pay (early, on-time, late) but only begins positive reporting once you have provided your EIN. The minimum monthly cost is $55 for access to the software and account manager. You can save money on an annual plan which is $600 in total, spread over three payments in consecutive months.

Growegy sends the report to the bureaus the next business day after 14th each month, however, the close date for the reports is on the 14th. If you have an open invoice on your account at 11:59 PM PACIFIC TIME on the 14th of the month it will report as a balance on the account. Having a balance on your account at the time of reporting can increase your credit utilization and temporarily lower your business credit score.

To avoid increased credit utilization, please make sure you login to your account on the 14th of each month before 11:59 PM PACIFIC TIME and pay all outstanding invoices.

It is ok to pay your account with Growegy early, we will still send out the reports on your account.

For long-term strategy, explore The Best Net 30 Account for Long Term Success to see how vendors report to bureaus.

Growegy Net 30 Account Loyalty Benefits

Growegy Net 30 account has a great loyalty program that every user is automatically enrolled in at no additional cost. It is designed to support Small Business Owners. Whether you opt for the annual or monthly subscription, benefits are tailored to elevate your brand and win more customers.

𝗟𝗼𝘆𝗮𝗹𝘁𝘆 𝗣𝗿𝗼𝗴𝗿𝗮𝗺 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀:

Ready-to-use social/paid ad copy & eye-catching images providing you with all the content you’ll need to upload and run your ad on the platform of your choice
Comprehensive SEO Technical Review to optimize your site and improve visibility
Choose 5 engraved bottle openers or metal business cards—perfect for networking events
In-depth website design review & recommendations – ensure that your visitors have an optimized experience and that your website is sending the right message to your potential clients
SEO content review with keyword suggestions to boost your search rankings; compare your keywords to your top competitors and increase your ranking on keyword search results
Advertising account setup to kickstart your marketing campaigns. Google Advertising accounts can be difficult to get set up and approved, let us do the hard work for you!

𝗛𝗲𝗿𝗲’𝘀 𝘄𝗵𝗲𝗻 𝘆𝗼𝘂 𝗴𝗲𝘁 𝘁𝗵𝗲𝗺:

Annual Net 30 P𝗹𝗮𝗻: Instant access to several benefits, with access to ALL benefits by month three!
Monthly Net 30 P𝗹𝗮𝗻: Start enjoying benefits from the 5th month of subscription.

You can find more information in the Loyalty Benefits overview.

Growegy Net 30 Approval Requirements

To qualify for a net 30 account with Growegy you will need to provide a valid phone number, email address, registered business name, business address, and principal name. In addition to this, Growegy will verify the business EIN for regular business credit reporting, although it is not a prerequisite to opening the account itself.

There is no personal guarantee or personal credit check involved.

Net 30 Application link – https://growegy.com/small-business/net30-application/

You can choose from two different net 30 plans – Annual Plan and Monthly Plan.

MONTHLY. $55 / month. Monthly Billing, cancel any time.
ANNUAL. Make 3 interest-free payments (invoiced over 3 months). $200 per payment, then $0 for the rest of the year. Annual contract, cancellations will go into effect at the end of your contractual year.

Monthly or Annual: Which Should You Choose?

Growegy’s monthly plan is billed on a month to month basis, meaning you can cancel this plan any time and are only in a monthly contract with us and the account will cancel on the following billing cycle. Our monthly account is $55 per month and the account is automatically billed each month until you cancel. You receive access to all the features and benefits of the account but loyalty benefits do not begin to accrue until months five through twelve. When it comes to Growegy’s AI, a lighter version of the AI is available to monthly subscribers. The reported credit limit on Growegy’s monthly account is $220.

Growegy’s annual plan is billed on an annual contract and split into three invoiced payments of $200 each, making the total cost for the year $600 – making this plan cheaper than our monthly option. These invoices are sent once per month in the first three months of service and then the account is paid in full. Growegy allows a one cancellation period in which you may request to cancel this contract and void the invoices, after that you are in contract with Growegy for the duration of the 12 months you signed up for. The annual account provides a more advanced version of our AI, processing results much faster. Loyalty benefits start becoming available after the first payment is made and by the time you make your third payment all benefits are available. The annual account reports a credit limit of $600 and even though you only make three payments, we send credit reports for all twelve months that you are a client with Growegy.

Apply today—no personal guarantee or credit check required.

The post Growegy Net 30 Business Suite Account Overview first appeared on Growegy.

Beneficial Ownership Information Reporting Requirements

Danny Williams — Fri, 29 Mar 2024 15:00:36 +0000

Beneficial Ownership Information Reporting Requirements

Small entity compliance guide FAQs

Effective January 1, 2024, the US government (along with partner foreign goverments), require most businesses to provide identifying information for who owns or indirectly or directly controls a business.

This intro article will focus on US companies that have filed entity documents with a secretary of state. The official published guides are more detailed and linked to at the bottom of the article. It is strongly recommended that you reference these documents for definitions and a deeper understanding.

Please note that there is no fee for filing. And the form is hosted online.

Which companies need to report?

If you are a corporation, limited liability company (LLC), or if the entity was created by filing a document with a secretary of state, similar office, or Indian tribe then you may be a domestic reporting company.

There are excluded entities as follows:

Exemption No.	Exemption Short Title
1	Securities reporting issuer
2	Governmental authority
3	Bank
4	Credit union
5	Depository institution holding company
6	Money services business
7	Broker or dealer in securities
8	Securities exchange or clearing agency
9	Other Exchange Act registered entity
10	Investment company or investment adviser
11	Venture capital fund adviser
12	Insurance company
13	State-licensed insurance producer
14	Commodity Exchange Act registered entity
15	Accounting firm
16	Public utility
17	Financial market utility
18	Pooled investment vehicle
19	Tax-exempt entity
20	Entity assisting a tax-exempt entity
21	Large operating company
22	Subsidiary of certain exempt entities
23	Inactive entity

Which people in a company need to be identified?

There are two categories of individuals that need to report for qualifying companies.

Beneficial owners
Company applicants (please refer to the exclusions in the official documentation)

“A beneficial owner is an individual who either directly or indirectly: (1) exercises substantial control … over the reporting company, or (2) owns or controls at least 25% of the reporting company’s ownership interests…”, as reported in the official BOI FAQs Q&A.

Which company information is required to be submitted?

“For each individual who is a beneficial owner, a reporting company will have to provide:

The individual’s name;
Date of birth;
Residential address; and
An identifying number from an acceptable identification document
such as a passport or U.S. driver’s license, and the name of the
issuing state or jurisdiction of identification document…

The reporting company will also have to report an image of the identification
document used to obtain the identifying number in item 4.”, as reported in section F.3. of the official BOI FAQs Q&A

When do I need to file by?

Companies created in the United States after January 1, 2024 have 30 calendar days to file from the date of approval/creation. Companies in existance prior to January 1, 2024 have until January 1, 2025 to complete the report.

Where do I file?

Companies will file online at the Financial Crimes Enforcement Network (FCEN) website; https://boiefiling.fincen.gov/ for more information you can visit the FCEN overview page at: https://www.fincen.gov/boi

The content provided here is informational in nature and does not constitute advice on whether you are exempt. Please check the provided documents to make the determination and consult with your legal and financial teams to make such a determination.

The post Beneficial Ownership Information Reporting Requirements first appeared on Growegy.

Boosting Revenue and ROI: Crafting an Effective Marketing Plan to Achieve Growth (Part 1)

Iana Ishchuk — Tue, 14 Nov 2023 23:38:33 +0000

Boosting Revenue and ROI: Crafting an Effective Marketing Plan to Achieve Growth (Part 1)

Imagine a scenario where we find ourselves midway through the first month of the 2nd half of the year. In most cases, the C-suite is concerned about making their number given the current economic conditions. You might be tempted, due to instinct, to add new programs to the mix or exhaust your existing programs. Yes, plans need to be changed to hit the targets. But maybe the planning process itself needs to be rebuilt too?

Another possible scenario is getting to the end of the year and not hitting your revenue goals. Everyone is trying to do everything possible and looking for bluebirds, but you also need to think about a marketing plan for the next year (the earlier, the better).

In this series, we will walk you through the necessary steps for building an effective and revenue-generating marketing plan. You need to make sure you:

Reverse engineer your goals. Have a clear understanding of your targets before you hop into executing your tactics.
Take a deep dive into your pipeline and review what is closing next quarters. Additionally, review the historical percentage of the pipeline that has been pushed to future quarters.
Understand the stages’ velocity.
Identify the needed pipeline coverage target.
Align your marketing programs and campaigns with your revenue goals and budget.
Monitor performance. It’ll help to have transparency on how your programs perform and fix things that don’t work as soon as possible.

Let’s look at each step closely.

To head off this dreaded question marketers must pivot to understanding and speaking more sales-based metrics. Preventing it is wonderful but what happens if you have this problem now?

In this article, we are going to offer a cheat sheet to try and help the marketer with short-term bluebirds. Before we do, we will explore how our clients have tackled the issue. We will start with how to see the need for bluebirds forming, where to find bluebirds, and preventing the need for bluebird revenue.

REVERSE ENGINEER YOUR GOALS

Let’s dive into the first step, reverse engineering your goals. What’s the reverse engineering of marketing goals about? In this post we define it as the process of deconstructing and analyzing the desired outcomes or objectives of a marketing team, revenue in our case, and working backward to determine the steps and strategies needed to achieve the desired revenue outcomes.

Here are six things to get you started:

Begin with your revenue goal and divide by your average selling price to determine how many deals your company needs to win.

Calculate your conversion rates between each sales and marketing stage. As an example, if your company had 3 stages MQL-Demo-Won and the conversion rate between each stage is 20%. We want to get 20 Won Deals, therefore we need 20*5 = 100 Demo, and number of MQLs is going to be 100*5 = 500.

Now calculate how long it takes MQLs to become Demos and Demos to become Won Deals.

With these metrics you can assemble your marketing strategy. Answer questions such as:
- In order to win deals in Q4, when do you need to produce the MQLs?
- Which campaigns, programs, and channels can produce these MQLs?

Compare the available budget and bandwidth to the needed production. Use these constraints to align the marketing team around a plan of action.

Review outputs and outcomes weekly to ensure your calculated conversion rates are on track and adjust as needed.

Once you are done with reverse engineering of your marketing goals, you will have a clear understanding of the KPIs that you have to hit on each stage. These metrics will facilitate effective communication across departments, foster transparency, clarify the goals and ensure that everyone is aligned.

REVIEW YOUR PIPELINE

How do you take a deep dive into the sales pipeline coverage? We start with gathering information about each quarter so we can determine which quarters need the most focus.

Starting with the pipeline for this quarter, which we’ll conveniently call “Q1”, run a report that shows all Open Opportunities with a Close Date set for this quarter. Next you want to filter out early stage opportunities that don’t typically close within 90 days. This is unique for each company and you can find your average by running a closed won report with average stage duration shown. As an example, your company has 6 stages, and it takes closed-won deals on average 80 days to get to closed-won then you’ll want to filter out the first three stages.

This will give you a clearer understanding of where the company stands and how close you are to reaching your coverage goals for Q1. For each successive quarter you run the same exercise adjusting which stages are allowed in the coverage calculations based on stage velocity. So for Q2, we may only filter out the first two stages, Q3 we would filter out 1 stage.

This enables the savvy marketer to think ahead! By analyzing your pipeline several quarters in advance, you can examine pipeline coverage gaps while you still have time to address them.

To help keep your pipeline coverage model realistic, calculate the average percentage of your pipeline that has been pushed in the past. Use this percentage in your projections to account for any potential delays or push from previous quarters. Now you have a better idea of pipeline coverage gaps, you are ready to consider marketing channels and tactics.

This is a meticulous approach to planning marketing, but one that enables the rest of the company (particularly finance and sales) to see you are a strategic partner helping them win. Each marketing program takes time to mature (to move through sales stages at your company’s unique conversion rates). By choosing marketing programs today or planning when they launch based on when they mature, you are providing the company with the best chance to succeed.

This isn’t a traditional marketing practice or activity. We challenge marketers to elevate their understanding of all the tools and data available to them today. Traditionally marketers would pick whatever is converting best, has the best top-of-funnel ROI, and would completely miss revenue goals. By taking the time to review your pipeline coverage, marketers can bridge a top-of-funnel perspective with a revenue-minded perspective. Walk this non-traditional path and you’ll be well-equipped to drive success and achieve your revenue targets.

UNDERSTAND STAGE VELOCITY

Understanding the stages’ velocity is a crucial step in planning and executing your marketing tactics effectively. It involves analyzing and tracking the time it takes for leads to move through each stage of your sales pipeline. By understanding the stages’ velocity, you can identify bottlenecks or areas of inefficiency in your pipeline and take appropriate action to improve them.

Here are some steps you can take to optimize the stages velocity:

1️. Define your sales stages: Start by clearly defining the different stages of your sales process, from lead generation to closed deal. This may include stages such as lead qualification, discovery, demo, proposal, negotiation, and close.

2️. Measure the average time spent in each stage: Track the time it takes for leads to move from one stage to the next. This will help you identify areas where leads are getting stuck or taking longer than expected to progress. If you don’t have this data, start tracking it by adding timestamps fields in your CRM.

3️. Identify bottlenecks: Analyze your data to identify any stages where leads are spending an unusually long time or getting stuck. This could indicate a problem with your sales process, such as a lack of follow-up or resources, or a need for additional training or support.

4️. Improve efficiency: Once you’ve identified bottlenecks, brainstorm and implement strategies to improve the speed and efficiency of each stage. This could include streamlining processes, providing additional training or resources, or implementing automation tools to speed up manual tasks.

5️. Test and iterate: As you make changes, track their impact on stages velocity and overall pipeline performance. Continuously test and iterate your strategies to find the most effective ways to move leads through the pipeline quickly and efficiently. You also can find patterns that would work with specific markets, locations, personas that can be used to improve the process.

6️. Review different statuses: All the groups are important, so remember to regularly review the Stuck group. “Maybe” is worse than “No” because when you receive a “No,” you can move on and focus your energy elsewhere. However, if you are constantly encountering “Maybe,” you may be getting stuck and wasting your team’s time. Hence, it is crucial to ensure that the BANT (Budget, Authority, Need, Timing) criteria are met before pursuing a potential customer.

Stage Velocity Analytics is a critical component of effective marketing planning and execution. By optimizing the time it takes for leads to move through each stage of your sales process, you can increase conversion rates, shorten sales cycles, improve ROI, and ultimately achieve your revenue goals.

CALCULATE NEEDED PIPELINE COVERAGE

Are you grappling with the elusive quest to pinpoint the perfect pipeline coverage target? Let’s endeavor to uncover the precise pipeline coverage target you need.

What exactly does pipeline coverage mean? It’s a straightforward equation: Total Pipeline Size divided by Total Sales Target Value. Picture this: your quarterly sales goal is set at $1M. To compute the Total Pipeline Size, you need to generate a qualified opportunity report, focusing on close dates for the upcoming quarter. Let’s assume this tally comes to an impressive $3M. In this scenario, you already have a 3X pipeline coverage – the question is, is that enough to guarantee success?

To unravel this conundrum, let’s look at the closed/won rate. Suppose you manage to secure 20 deals out of 80 Qualified Demos; your close rate stands at 25%. Most companies would settle for this & conclude that a 4x pipeline coverage target is sufficient. But, here’s where the plot thickens – we must factor in the Push rate.

The Push rate is the percentage of opportunities that inevitably get pushed to later quarters. It’s a variable that changes from one company to another, but it’s no mystery; there are strategies to monitor & enhance it. Since we can’t rely on bluebirds or sudden shifts in behavior to make our number, let’s refine our calculations. Let’s assume the Push rate is 35%. In our context that means that 35% of our identified opportunities won’t close this quarter.

Let’s take stock of our position:

Our overarching goal is a $1 million.
The close rate stands at a 25%.
The push rate hovers at 35%.
The average sales price (ASP) is a $50,000.

So, what’s the magic number for our needed pipeline coverage?

To achieve to our hefty $1M quarter, we must successfully close 20 deals (simple math: $1M / $50k = 20). Achieving this means we need to have 80 Qualified Demos in the pipeline, all poised to close within the quarter (calculation: 20 * 100% / 25%), translating to a $4M pipeline (let’s call it Mid Pipeline). Now, let’s layer in the 35% pushed rate – the result? We arrive at a more precise figure of $5.4M ($4M*35% + $4M = $5.4M). The true pipeline coverage needed isn’t just 4x; it’s an agile 5.4x. By factoring in the potential Push rate, we paint a more realistic picture of the pipeline coverage required to reach our goals.

It’s crucial to acknowledge that finding the ideal pipeline coverage target isn’t a one-size-fits-all project. Luckily, tools like Growegy are here to lend a helping hand. The tools harness historical & real-time pipeline data to pinpoint a more accurate Pipeline Coverage Ratio, offering your team invaluable insights into the ever-evolving pipeline landscape. Take control of your pipeline coverage strategy for guaranteed wins! Schedule a demo with us and we will help you to find success.

In the next part, we will go over aligning your marketing programs and campaigns with your revenue goals and budget and monitoring performance.

The post Boosting Revenue and ROI: Crafting an Effective Marketing Plan to Achieve Growth (Part 1) first appeared on Growegy.

The Best Net 30 Account For Long Term Success

Danny Williams — Fri, 08 Mar 2024 19:49:10 +0000

The Best Net 30 Account For Long Term Success

What Is Net 30? Easy Approval For New Businesses.

Net terms (like Net30) simply mean an agreement between you and another business for when your payment is due. The number following “Net” are the days you have to remit payment on the invoice that is sent. Common terms for Net accounts are 30, 60, and 90 depending on the industry you work in. There are other Net terms such as 10 or even 120 that are also common.

Net30 terms differ from subscription models.

Net30 are not automatic subscriptions where your credit card is automatically charged. Monthly subscriptions like Netflix, Apple Storage, or Google Services operate as a cash account or pay in advance account and don’t constitute Net30 terms — the service isn’t provided on credit, there’s limited risk involved.

Net30 terms typically revolve around invoices. Access to the software, service, or goods are provided in an immediate manner, an invoice is sent, and due within 30 days. The monthly dollar value of service and retail Net30 accounts are typically low, so while there is some risk involved it is a limited extension of credit by the offering business. This is great for new and small businesses as the lower limit of credit extended means more lenient approvals; for example no personal credit check. This low limit of credit extended isn’t true for all industries, manufacturing and supply-chain vendors will typically offer higher limits for extended periods of time but they may require more documentation or guarantees..

How Net30 accounts create business credit history; tradeline data and scores.

Business/corporate credit are evaluated differently than personal credit, even by the same credit bureaus. The scores are called different things (Payment Index as an example) and are calculated uniquely. Business credit is not uniformly regulated like personal credit is. So while bureaus may have similar named scores it is important to understand what goes into creating them.

Most business credit bureaus create three different scores for each business. They do this because all credit bureaus are in the business of selling data or the analysis of that data to guide lending decisions. So major retailers, suppliers, and lenders rely on bureaus like Experian Business, Equifax Business, Credit Safe, and Dun & Bradstreet (and others like SBFE run by LexisNexis) to provide risk modeling for credit decisions.

For small businesses there is one score you have direct control over, the payment index. Which is exactly what it sounds like, it is an index of the payment history with qualified vendors. This score ignores things like how long you have been in business, what industry you operate in, or what the owner’s personal credit score is. It only evaluates your actual performance on paying your business bills on time and is a strong indicator that your business is a less risky business to lend to.

Best Net 30 Vendor Qualifications For Credit Building.

Where do you start as a small business looking for the right partner to build your business credit and also utilize something that will grow your business? Start by understanding what the relationship is between the “Net30 Vendor” and the credit bureaus.

Before providing an example of how Growegy works with specific bureaus, it may be helpful to understand that working with credit bureaus is very restrictive. And some bureaus are difficult to work with as a vendor and as a small business owner. There are very stringent requirements (for good reason) to get approved as a credit bureau partner. These include having integrity in the reporting, operating your invoice issuing business in specific ways, data formatting, and reviews. Not all credit bureaus are forthcoming in how they evaluate partners. Credit bureaus also ask for data to be formatted differently.

All that said, some credit bureaus are wonderful to work with and are responsive to partner inquiries. They also don’t try to gouge small businesses by requiring them to pay for everything. They don’t use high-pressure sales tactics for you to see your scores.

Look at each Net30 vendor and who they advertise they work with. Understand that the relationship with a bureau is an active one, while reports may be sent in regularly, there is still data validation, or even the possibility of an audit. The terms of the Net30 account (also known as a tradeline account) are — at least in part — determined by the reporting requirements.

Growegy as an example, has regular communication with Experian Business and Equifax Business. We provide monthly reporting to these bureaus and know they carry a lot of weight in the business lending world.

Check out this list of potential vendors (no affiliation, external link)

Personal Guarantees And Credit Checks.

Saving the owner’s personal credit from unnecessary hard inquiries is important for most new and small businesses. Many start an LLC — among other reasons — to separate personal and business credit. In order to maintain an LLC and the protections afforded under an LLC you must be careful not to pierce the corporate veil by commingling funds or other such practices.

Lending in general is all about managing risk. Many vendors ask themselves: Who are you lending to? Are they a registered and verifiable business? How much are we lending? Should we pull someone’s personal credit? And therein lies the rub, you started a business venture and want to keep things separate but you can’t fully get away from the owner’s history. In particular there are Know Your Customer (KYC) laws in place that require customers to be verifiable.

The higher the credit limit and the type of credit typically determine a hard inquiry. For example, a universal line of credit or credit card, even in the business name, often comes with a hard inquiry. Get too many inquiries in a year and you are almost guaranteed to be denied regardless of payment history and scores. So protecting your personal credit is a must.

This is why businesses that offer Net30 terms (aka Net30 Vendors, Vendor Credit, Tradelines) are so critical. We bridge the gap between no credit history and future goals in acquiring lending. We are taking you at your word, as the owner, or managing member of the business, that you will abide by the terms set forth in the application.

We do not ask for a personal guarantee, forcing you to collateralize our products and services, meaning:

We do not have a guaranteed way to recover our losses
We do not report violations of the agreement to personal credit bureaus

We do however report positive and negative interactions of your payment history to the bureaus listed above. So the downside to your businesses poor performance means it will be harder for you to get funding later from those that will reference our reports via a credit bureau.

We do not check your personal credit — soft or hard inquiries — before approving your application. We validate your business identity and your registration to act on behalf of the business in our approval process (again KYC and Bureau requirements). This is the second way that a Net30 Tradeline Vendor like Growegy benefits your business; we take the risk of doing business with you regardless of your personal credit history.

Check out Growegy’s net30 application.

How Long Should You Use Net 30 Accounts?

We mentioned earlier that most business credit bureaus have scores like a “payment index” and most are on a scale of 1 -100. Essentially the higher your score the better. It is a numerical representation of whether you pay on time, early, or late. 80-90 typically means “on time”. Most credit bureaus establish their scores after 4-6 months and the scores stay in place until there is a reason for them to change.

After 12 months, most payment history isn’t seen as relevant, so scores are calculated on a rolling 12-month basis. The average of your tradeline payment history from 13 months ago doesn’t matter as much or in some cases at all. There is another way that your credit history matters beyond the score, it shows you are active, have a longer history of paying on time, and that affects multiple scores and calculations of approval on more advanced lines of credit.

Ideally, you should create and maintain credit history so that you have positive activity to show in any rolling time frame. Especially if you are seeking to obtain lines of credit, loans, or other forms of lending matter to the future of your business. You can do this with monthly accounts offered by vendors, or on an annual basis (like Growegy’s annual plan) where you get accelerated benefits, account management, and the latest in AI technology to grow your business.

Lack of capital, funding, revenue or access to capital is one of the four major reasons why companies fail within 2 years. Credit history and credit scores are the beginning of access to capital. We are proud to support the small business community by getting you started on the journey. Want to see what the other three reasons that businesses fail are? We regularly post about these issues on our blog, but you can also check the SBA’s report.

Why Do Businesses Fail? Read The SBA’s Top 4 Reasons (external link to the SBA’s report).

If you’re not sure where to apply, our Growegy Net 30 Business Suite Overview breaks it down step-by-step.

Get started today — Net 30 approval in 48 hours, no personal credit check and guarantee.

The post The Best Net 30 Account For Long Term Success first appeared on Growegy.