Since we all know that the first step toward realising our goals is setting them, the new year offers the perfect opportunity to review your successes and failures this year and create new resolutions for the future. Here are our top 5 new year’s resolutions that every online business owner should strive to succeed in 2018.
1. Plan for The Year
No matter how successful you were this year, it’s important to review your business plan and make adjustments. Business owners always benefit from having a clear and precise plan to help prioritise time and money and set realistic goals. It should also be noted that a business plan is required when applying for business financing and payment solutions.
If you haven’t already made a plan, you should take this opportunity to make one now. When constructing it, you should consider aspects such as:
- Who your target audience is
- Your style and tone
- Marketing strategies
- Your shipping needs
- Your budget
- Specials or promotions you might offer in the future
Try to make it as detailed as possible with your target audience in mind at every turn. It doesn’t matter if things change you can always go back and modify it.
2. learn How to Manage Your Cash Flow Productively
It’ll be beneficial for you to measure your projected Cash flow for next year. By, this we mean assessing the standard time between paying suppliers and employees, till collecting payments from your customers. You want to make sure this transition runs smoothly.
Having a reliable payment gateway such as Safe2Pay can help make your transactions quicker and therefore allow money to be deposited into your Business bank account when you need it. On time transactions will help ensure you never find yourself in a sticky situation.
3. Take your Website Security Seriously
If your customer’s payment information is hacked and taken, it will be your business that is held accountable. Instances of internet fraud and data theft are only on the rise, and multiple chargeback claims can be devastating to any business.
Your customers will want to do business with someone they know they can trust. You should make sure you’re PCI- DSS compliant at the very least.
PCI stands for Payment Card Industry Security Standards and refers to a set of global practices that are created to make sure you consumers data is secure.
Your payment gateway should be able to help you with following these standards and in some cases, handle the whole process. Like Safe2Pay who is fully PCI compliant and can build PCI solutions into your business.
But not only are they just PCI compliant, they also go a whole step further by masking card details with randomly generated numbers from your website for every transaction.
The unique tokenisation created, reduces the risk of fraud and protects not only your business but also your valued customers.
4. Re-think Payment Options
Now is a great time to evaluate the payment options you offer your customers and determine whether you are providing them with the highest level of convenience and ease. Ideally, you want to be able to accept all major credit cards. After all, the more comfortable you make it for your customer to pay with their preferred method the more likely they are to follow through with a purchase.
If you not already, make sure you’re signed up with Safe2pay for a flexible payment gateway that allows you to offer all the latest payments options to your customers with Multi-currency support and the ability to accept all major credit cards.
5. Sign Up with Safe2Pay
Safe2Pay wants to make your New Year’s resolutions easier for you. So, we’ve gone ahead and made sure our payment gateway solves all of your new year needs. We put your businesses needs first.