Keeping Your Commercial Drivers Safe Will Save Your Business Money in the Long Term

As a business owner, you most likely already know that one way of growing your business is lowering your overhead costs. One area in which you can lower costs and save money is with commercial drivers. Read on to see how you can make savings by keeping your commercial drivers safe whenever they’re out and about.

Fewer Accidents Mean Fewer Garage Costs

Apart from the more serious case of having a driver getting injured or suffering a fatality while on the road, damage to your vehicles is also a concern if an accident occurs. It goes without saying that if your commercial drivers know how to stay safe while on the road, there’s a lower chance of winding up with auto garage expenses.

One of the easiest ways to ensure that your drivers are able to stay alert and drive safely is to give them enough time to rest well. Hire enough drivers so that they can split shifts and get enough time to rest and come back to duty fresh and ready to get behind the wheel. After all, 30% of all commercial vehicle accidents are due to driver fatigue.

There’s a Lower Chance of Damaging Property

When your commercial drivers strive to stay safe on the road and succeed in doing it, they have a lower chance of damaging other people’s vehicles and property in an accident. This saves you from having to spend money on paying people who have had their property damaged by an accident involving one of your drivers. This includes vehicles and more that may not be covered by your insurance coverage, whose premiums may go up if your commercial vehicles are labeled as prone to accidents.

You Avoid Costly Lawsuits

Road accidents often result in lawsuits, which, apart from being very time-consuming, can also cost a lot to see through to the end. It, therefore, goes without saying that you will make considerable savings by staying out of court. If you put your drivers’ lives at risk, a lawsuit could also come from them and this won’t make things any better. Prevention is better than cure, so training your drivers regularly and ensuring that they are operating under safe conditions is well worth the time and money you spend on it.

Throughout the transportation network, almost 12 million trucks, vessels, rail cars, and locomotives are used to move goods. With so many vehicles operating on the network at any given time, it’s all too easy to have accidents and incidents that range from moderate to serious. Minimize the chances of any of them involving your drivers and you may not have to suffer through a lawsuit.

You Improve the Reputation of Your Business

Finally, when you have a low accident rate and your commercial drivers don’t make the headlines for negative reasons, this is a plus for the reputation of your business. Remember that it’s not always a driver’s fault when an accident occurs, but this detail may not matter much to third parties who hear about your drivers getting involved in car accidents.

For example, according to a study by Knott Laboratory on commercial vehicle towing accidents, a 35-mph crosswind can put a whopping 3,440 pounds of force that pushes against the side of a large trailer. This is enough to make a capable driver lose control of the vehicle. To avoid scenarios like these, you should desist from putting your drivers on the roads in severe weather. With a lower accident score, your business may enjoy a stellar reputation that sees more people eager to do business with you.

In these ways, keeping your commercial drivers safe can help you save a lot of money in your business. This should motivate you to do your part to make sure that your drivers are safe from the moment they set out to when they get back and call it a day.

50+ Items You Can Quickly Resell for Profit

Items You Can Quickly Resell for Profit

I spend a lot of time looking through items listed in local online marketplaces. There are some great deals out there. Sometimes I come across things that are practically being given away because they need repairs. I have often thought, “That’s an easy fix,” or “I could make money off that.” As it turns out, I’m not the only one. Reselling, or flipping, items for a profit has become a popular side hustle in the gig economy. If you know where to find items you can quickly resell, here’s how you could turn them into supplemental income.

Why Reselling Is Profitable

Anytime you find a low-cost supplier for high-demand goods, there is potential for a huge profit margin. Depending on the products you sell, it doesn’t necessarily require a ton of startup capital either. So, if you find your niche market, you could begin seeing profits right away.

However, not everyone is successful when choosing items you can quickly resell. You must be in tune with consumer trends to know what people are buying. Furthermore, you need to know which products offer the biggest return on your investment.

50+ Items You Can Quickly Resell for a Profit

The truth is that you can sell just about anything if you know how to market it. Believe it or not, people are literally turning trash into treasure by selling empty toilet paper rolls online.

So, if you are looking to get into the flipping game, here are 50+ items that are bringing resellers good returns.

Tech and Gadgets

Living in the digital age means that high-tech gadgets and products are in high demand. And, by association, so are the accessories that go with them. With a growing market, these are some of the easiest items you can quickly resell for a profit.

  • phone cases
  • phone tripods
  • wireless charging stations
  • screen protectors
  • wearable devices
  • microphones
  • Bluetooth earphones
  • TWS earphones
  • drones
  • watches (smart and vintage)
  • website domains
  • ink cartridges

Car Accessories

Since we spend so much time in transit, many people want to have comfort and convenience in their vehicles as well. Therefore, people buy accessories to equip them with the necessary functions and compatible tech. With the right supplier and quality merchandise, car accessories could be very good for your bank account.

  • LED lights
  • USB chargers
  • rear cameras
  • car phone holders
  • seat covers
  • interior organizers
  • air fresheners
  • wireless vacuums

Home Goods

Over the last two years, more people are working remotely and spending time at home. So, it makes sense that they want to improve the spaces around them. From home decor items to smart home appliances, finding a source for low-cost home goods to flip is a great way to supplement your income.

  • smart home items (plugs, temperature sensors, bulbs, wall switches, wireless chargers)
  • kitchen utensils and appliances
  • furniture
  • area rugs
  • vintage picture frames
  • vintage electronics
  • collectibles
  • vintage cabinet knobs
  • shower heads
  • hands-free soap dispensers
  • toothbrush holders
  • toilet brushes
  • candles
  • yard equipment
  • power tools

Health and Beauty Products

No matter how markets fluctuate, there will always be a steady demand for health and beauty products. And since many of these items are small and lightweight, it saves the reseller on shipping costs which is great for your bottom line.

  • reusable water bottles
  • yoga mats
  • resistance bands
  • bicycles
  • kerchiefs
  • hair pins and clips
  • high-end hair products
  • nail decor
  • makeup jewels
  • jewelry

Clothing

If you have an eye for fashion and a nose for sniffing out good deals, clothing could be the perfect product for you. Whether you are a new designer or a thrifter with a head for numbers, reselling clothing is currently one of the hottest online trends.

  • second-hand items from name brands
  • snow gear
  • vintage jerseys
  • sports caps and hats
  • vintage trucker hats
  • concert tees
  • fashion with puffy sleeves or classic blue items
  • strapless bras
  • baby items
  • vintage swimwear
  • vintage sewing patterns

Entertainment Items

Those who held on to their childhood toys or have accumulated lots of equipment from their hobbies could be in for a big payday. With fewer public entertainment options, people are looking for hobbies, games, and collectibles that bring back the nostalgia of simpler times. And, they are willing to pay good money for it.

  • baseball cards
  • video games and consoles
  • books
  • Legos
  • board games
  • plush toys
  • vintage toys
  • vinyl records
  • cameras and lenses
  • sporting goods

Where Do You Find Items You Can Quickly Resell?

Once you have an idea, the next step is to find items to sell. You can start with unwanted items around your house or hand-me-downs from your family and friends. If you still need more inventory, be sure to check out yard sales and estate sales for cheap merchandise. Thrift stores and flea markets can also produce quality items.

The other option is to find good deals online. You can scour clearance sales from retailers, wholesale venders, and online outlet stores for deep discounts.

How Much Can You Expect to Make Reselling?

When it comes to reselling for profit, your earning potential is only limited by your own ambition. Therefore, you need to determine how much time, effort, and capital you want to invest in the venture. And, you should also know what kind of returns you expect from it.

Although most people only see it as a side hustle, others have turned it into a primary source of income. In fact, some resellers claim to make six-figure salaries. However, you have to be realistic. If you are putting in part-time hours, you can probably expect to bring home between $500 and $2,000 each month. But, it’s not unreasonable to double this figure if you find the right product and audience.

What Are the Best Places for Reselling?

The first place people start posting items for resale is local marketplaces like Facebook and Craigslist. However, auction sites like eBay can help you reach a larger audience if you don’t mind shipping the products.

For those who want to earn more than just supplemental income, it’s a good idea to set up your own online shop. Depending on the products you sell, you could host a shop on Amazon, Etsy, Depop, Poshmark, or any other of the popular online marketplaces. Having your own dedicated store will attract more customers and get more eyes on your products.

Tips for Getting Started

As with any new business venture, do your research and know the value and profit margins for the items you are selling. Also, make sure you are up-to-date with the latest tax codes as well.

There is bound to be some trial and error. But, it could prove profitable with the right product and marketing strategy. You’ll need to set clear financial goals you hope to achieve with items that you can quickly resell for a profit. But, as any decent writer will tell you, stick to what you know. And when in doubt, seek expert advice to help you turn your ideas into cold, hard cash.

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What Russian Oil Really Means for Global Energy

The Effects of a Russian Oil Embargo

After more than two weeks, Russian troops continue their assault on Kyiv and the Ukrainian people. And, international leaders and organizations continue to lay sanctions against them. Some have gone as far as banning Russian ships from their ports and ostracizing them from the global community. However, many people fear this will send the economy into a tailspin. No one can be certain what lies ahead or how the markets will react to unforeseen political events. But, here are the facts on Russian oil and energy production, and what it really means for the entire sector.

Fear of War and Market Turmoil

A trip to the local gas station will paint a pretty clear picture of how Russia’s invasion of Ukraine is affecting global markets. Crude oil prices are the highest they’ve been since 2008. On March 7, they reached almost $140 per barrel before closing at $123.70. As of today, it’s down slightly. But, the national average price for gas is $4.33 a gallon, and well above $5 in some areas of the country. And with no end in sight, the hike in energy prices will go even higher as the conflict continues.

Many conspiracy theorists say it’s just a ploy by the oil companies to drive up profits or to push the liberal agenda on climate change. While both may hold some truth, energy costs already were already elevated from Covid-19 shutdowns and disruptions in the supply chain. However, further sanctions and an embargo on Russian oil and gas imports could cause fuel prices to spike even higher. NATO has already revoked its trading status and international ports are refusing Russian ships entry. But, its members hope to avoid further escalation through an economic stranglehold.

However, if Putin is backed into a corner, he may cut the supply lines completely. This move would cause prices to skyrocket. A Russian economic blackout could wreak havoc on the global community, driving up the price of fuel, food, and other commodities. It also forces NATO members to reconsider their foreign policy with other oil-producing nations and lift sanctions to meet global energy demands.

European Dependence on Russian Oil

In recent years, many European countries have enacted plans to decrease dependence on Russian fossil fuels. But, many are still reliant on Russia for coal, oil, and natural gas. Once a major supplier, Europe now receives 41% of its natural gas from Russia. Due to their dependency, German Chancellor, Olaf Scholz, confirmed that Europe had deliberately exempted Russian fuel from sanctions until now.

Simply stated, there isn’t enough supply to fill the void left by cutting off trade with Russia. As Scholz said, there isn’t “any other way” to secure the country’s energy needs right now. If Germany enacts a trade embargo, he assured the “lights will go out.”

Boycotting Russian oil and gas could be a crushing economic both for both Russia and Europe. While the EU is transitioning to more renewable energy sources like wind, solar, and hydro, it will take time. Renewables only account for less than a fifth of Europe’s energy demands. The EU unveiled its plan for complete energy independence, but it is still a long way from its goal.

Current U.S. Energy Production

The other factor to consider is what’s going on across the Atlantic. The U.S. is one of the world’s leading oil producers. But, it’s also the largest consumer. What’s more, is that our energy consumption outpaces domestic production. While the U.S. does import a significant amount of fossil fuels from other countries, only 3% comes from Russia.

To keep up with current demands, the U.S. either needs to produce more, turn to alternative energy resources, or rely more heavily on other oil-rich countries like Saudi Arabia, Iran, and Venezuela. However, each of these options causes issues:

  1.  While President Biden’s climate policies have limited oil production, so have the big energy companies’ reluctance to produce more because they are seeing record-breaking profits.
  2. Many politicians have resisted legislation to explore and utilize alternative energy options.
  3. Finding more trading partners means lifting sanctions against Venezuela and Iran, overlooking important foreign policy issues including human rights violations and nuclear deals. There are also strained relations with Saudi Arabia right now over the death of journalist Jamal Khashoggi.

While none of these are ideal, it will likely require a combination of all three solutions to help curb rising energy costs.

Global Demands for Energy

The world is more interconnected today than at any other time in human history. Therefore, the invasion of Ukraine has had rippling effects across the global economy and within the energy sector.

Although NATO and the western world hope it will stop Russian aggression, there is no doubt that an economic blackout will exacerbate supply shortages. Revenue from crude oil, natural gas, and petroleum products accounts for half of Russia’s federal budget. Blocking trade would cripple their economy, but also global supply.

The only way to completely eliminate foreign reliance is for each country to strive for energy independence. This is achieved when countries produce enough fuel to meet their own needs. Not only does it create a more sustainable economy, but also eliminates trade considerations with less-than-desirable partners during times of political upheaval. Having secure energy sources allows nations greater autonomy and a stronger bargaining position in global markets.

If we have learned nothing else over the last two years, it’s that crisis accelerates change. The pandemic unveiled deep flaws in our healthcare and economic systems. Now, we are seeing how tenuous our global supply chains are.

Although it will further delay any hopes for some return to normalcy, Russia’s military aggression has forced every government to assess its energy demands and policies. Some are deciding that energy independence is imperative to their national security and the highest priority. If more governments adopt this same stance, it will likely accelerate the energy revolution. Even with recent advancements, were are still years away from breaking our dependency on fossil fuels

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Did I Qualify for Self-Employment Tax Deductions?

Did I Qualify for Self-Employment Tax Deductions?

Although I have been working for myself, I still feel like a dunce when it comes to taxes. Everyone knows the American tax code is one of the most complex systems in the world. So, you can understand why it ratchets up my anxiety every year as I prepare to file. Now that I’m managing my business’ accounts as well, it’s even more panic-inducing. I have spent countless hours reading up on what the self-employed should know. However, I still continually ask myself “Did I qualify for other self-employment tax deductions?” or “Did I miss something important?”

Whenever I have basic finance questions, I find it hard to ask my peers. So, I hold my tongue for fear of looking stupid. As much as I’d like to avoid the subject altogether, I know I can’t. Therefore, I turn to online resources and libraries to learn what I need to know. Then, I ask my financial advisor more questions after I have a basic grasp of things. Here’s what I’ve learned about self-employment taxes so far.

What is the Self-Employment Tax?

When I started my own business, I went straight to Investopedia to read up on all the tax codes and deductions that applied to me. Now that I was working for myself, my federal taxes would no longer be deducted from my paycheck. Although I expected to pay a decent amount of money in taxes, I wasn’t sure how much it would undercut my earnings.

As a freelancer, the IRS views me as both the company and the employee. Unfortunately, that means I am responsible for paying both portions of Medicaid and Social Security taxes. When combined, the self-employment tax is 15.3%. While this seems like a shocking number, I discovered that there were self-employment tax deductions that I qualified for.

However, there were also a few restrictions and rules about Covid relief measures that you should also know if you are self-employed:

  1. Anyone who earns more than $400 in earnings from self-employment must pay the tax.
  2. For the Social Security tax, this rate only applies to the first $142,800 of your net income. However, there is no income limit for the Medicare tax.
  3. Half the self-employment tax is deductible. Although the full 15.3% is charged on the business’ profits, the “employee” portion qualifies as a deductible expense.
  4. If you deferred paying the “employer” portion under the CAREs Act, 50% of those taxes were due December 31, 2021. The additional 50% must be paid by December 31, 2022.
  5. Even though you don’t have a withholding tax, you must schedule quarterly estimated payments. Otherwise, you’ll be facing a hefty bill when you file your tax return.

Do I Qualify for Self-Employment Tax Deductions?

The short answer is yes. However, it was up to me to find out exactly which deductions I could claim. What’s included in the list of “business expenses” is wide open to interpretation. While some things are clear, other expenses fall into gray areas.  So, I took some time to review the most common deductions and speak with people I know who are also self-employed.

Based on all my usual sources, I came up with a lengthy list of the most common deductions. They included:

  • the self-employment tax deduction
  • home office
  • office supplies
  • utilities, internet, and phone bills
  • health  and business insurance premiums
  • travel
  • vehicle use
  • meals
  • interest from your loans
  • subscriptions and publications
  • education
  • rent
  • start-up costs
  • advertising
  • retirement contributions

As you can see, some of these categories can lead to more questions. Differentiating your personal and business expenses could become quite complicated. However, I usually revert to the KISS method and keep it simple. Based on my initial assessment, these are the self-employment tax deductions I will qualify for this year.

My Self-Employment Tax Deductions for 2021

Social Security and Medicare Tax

The most common deduction is the “employer” portion of the self-employment tax that you must pay. Although I paid the full 15.3% of the business’ profits, I can claim half of it as a business expense. So, even though you pay a higher percentage in taxes if you work for yourself, this deduction means it will cost less than I initially thought. And, I won’t have to itemize to claim it either.

Office Supplies/Equipment

The next largest deduction would qualify under offices supplies or equipment. My beloved laptop finally gave up the ghost this year. After taking it to a computer repair shop and paying for the diagnostic, I broke down and finally bought myself a new one.

Since my laptop is the lifeline of my business, I knew I couldn’t skimp on this business expense. Fortunately, it happened just before Black Friday. I found some great deals and saved about $250. However, it still set me back about $750 with all the programs and licenses I needed to purchase as well. But you can be certain I saved all my receipts!

Home Office

Although I never claimed this deduction in the past, my living situation has changed. Rather than working as a digital nomad, I now have a home office. Not only do I regularly use this space for business purposes, but it is also my primary workspace. Since it qualifies under the IRS definition, I plan to include it on this year’s return.

However, I have to calculate the percentage of our house’s total square footage to determine how much I can deduct. Since it accounts for approximately 5% of the home’s total square footage, we can deduct 5% of housing expenses for the year.

Phone and Internet Bills

In the same line of thought, if you use your cell phone or internet connection for business, you can also claim it as a self-employment tax deduction. If the line is dedicated for business only, you can claim the full amount. Otherwise, you would need to calculate the percentage of usage that you use for business. In my case, it is split between my personal use as well. Only about 25% of my bill will qualify for the deduction.

Qualified Business Income (QBI)

This last deduction is new to me. So, I still plan to discuss it with my CPA to determine if I can claim the qualified business income deduction. It’s relatively new and set to expire in 2025, so I’d like to take advantage while I can. Under this deduction, single filers with total taxable income less than $164,900 and joint filers under $329,800 qualify for a 20% deduction on your taxable business income. Since most of my earnings are “pass-through income,” I should be eligible for this huge deduction.

As a new business owner, I’ve realized why it’s important to review what qualifies for self-employment tax deductions to maximize your profits. You may find unexpected deductions that can help you keep more of your hard-earned money.

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The Biggest Lies About Growing Wealth

 

The Biggest Lies About Growing Wealth

From an early age, there are several myths and lies about growing wealth that are drilled into our memory. It can be difficult to break free from this way of thinking. However, some of these misconceptions are based on outdated ideas and limited perspectives. Here is a look at some of the most common lies still being circulated.

5 Common Lies About Growing Wealth

1. Businesses Break Even in the First Year.

There is a common misconception among new business owners that you will be an instant success. However, in reality, plans get delayed, unexpected expenses arise, and it takes time to create a market presence.  According to Forbes, the timeline to achieve profitability is closer to 18-24 months. Furthermore, 25% of new business ventures fail in their first year.

The truth is that instant success is very rare. While entrepreneurs are waiting for their breakthrough moment, you must be willing to wait it out, lose money, or even walk away from a failed venture. Many successful businessmen will tell you that had several failures before they finally prospered.

2. All You Need Is a Good Idea.

This mantra lies at the heart of the American Dream that anyone can get rich with the right idea. This is one of those lies about growing wealth that perpetuates itself because there is some truth in it. Unfortunately, not every great idea meets a market need or consumer demand. Not only must the idea be feasible and practical, but most importantly it must be profitable. If no one wants to buy your product, then it will never be successful.

The execution and timing of your business’s launch are also crucial. When you are first finding your legs, expect to invest a ton of man-hours to get it off the ground. You should also make sure you have enough savings to cover your bills and give yourself a cushion. This will allow you to breathe a little as you wait to gain a foothold and break even.

3. You Need High Returns and Savings to Grow Money.

Another myth about growing wealth is that you need high returns and savings to grow your wealth. However, most financial planners will tell you that making steady contributions is a more efficient strategy. Consistent savings is more important than stumbling upon a good investment opportunity. But, don’t ignore a good opportunity when it comes around.

This is also a great lesson to pass on to the next generation. Remember, it is never too early to begin saving and investing. Time is a valuable asset; the sooner you begin, the more money you earn from compounding interest. Even if you start small, you can let your money begin working for you.

4. You Need a Loan to Start a Business.

One of the greatest pitfalls for potential business ideas is the idea that you need a loan to start a business. While some entrepreneurs have a significant amount of startup capital, most just start where they are at and build from there. Instead of quitting your job and focusing solely on the new business, perhaps it is wiser to keep your day job. This will provide a safety net while you establish yourself. Once your business can sustain itself, then it may be time to consider making it your sole source of income.

5. You Can’t Get Rich Off Your Salary.

Another lie about growing wealth is that you will never get rich just off your salary. Although it may be difficult to build enough savings for retirement on your salary alone, you can begin using it for steady investments from an early age. If you invest small portions of your salary, over time it will grow exponentially. The key is to make consistent contributions at regular intervals to ensure steady, continued growth. Diversification will also protect your nest egg and mitigate long-term risks.

The Secret to Growing Wealth

The truth about growing wealth is that there are many roads that can lead you to the same goal. There is no carefully guarded secret among the wealthy about how to get rich. Yet, increasing your wealth begins with the same fundamental lessons. Unfortunately, most people are not willing to take the necessary steps to get there. Instead, they choose to ignore their finances and bad habits rather than take control of them. Growing your personal net worth doesn’t need to be complicated. But, it does require you to take action.

The first step is to determine what your financial situation is. Once you know where you are at, it makes it easier to determine where you want to go. You can start by tracking your spending and sticking to a budget. This basic exercise can help you identify areas for improvement. If you aren’t living below your means, you will never add to your net worth.

Although this is the first step in building wealth, it is not enough to merely break even. Once you learn to live below your means, the next step is to start saving and investing your money. Every extra dollar you have at the end of the month should be put to work for you. Budgeting apps and tools can help you determine how much you need to set aside each to achieve your financial goals.

The final and most critical key to financial success is consistency. It’s started by creating healthy spending and savings habits. Then, it requires you to continue prioritizing them over large, unnecessary expenditures. Making regular contributions to your savings account and investment portfolio will ensure steady and long-term financial growth.

Final Thought About Growing Wealth

When you are making important decisions about your finances, consider your sources. Advice is freely offered with the best of intentions. However, you should take time to do your research and learn to decipher fact from fiction. Identifying lies about growing wealth is a good place to start. And remember, when in doubt you can always seek out professional advice to find the best ways to grow your personal wealth.

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How Artificial Intelligence Can Benefit Your Business

It’s no secret that handling customer inquiries and answering their questions day after day can become incredibly taxing, especially for a small business owner. You want to spend your time focusing on developing new products or improving your existing services, but you also want your customers to get the answers they need quickly so they stay happy with your company. Many small businesses don’t realize that they can harness the power of artificial intelligence by investing in a toll free number for business, but this technology is now available at very reasonable prices.

Learn more about how artificial intelligence can help your business below!

What is Artificial Intelligence?

Some people think about complicated robots or a dystopian future when they hear the term “artificial intelligence”, but artificial intelligence simply alludes to the use of algorithms and machine learning to perform tasks that have typically been done by humans in the past. AI can look at an unimaginable amount of data in seconds and make decisions based on that data in a way humans could never begin to attempt.

So far, artificial intelligence is being used in the medical field to diagnose diseases, improve search engine results, or recognize handwriting for data entry. Some programmers have even used artificial intelligence to create chess-playing robots!

For small businesses, using artificial intelligence often means paying a subscription service to have customer service bots answer common questions. This may seem like a silly investment, especially for those just getting started, but AI can bring major benefits to businesses of all sizes when it comes to customer service.

1. Your Customers Will Get Quick Replies to FAQs

Many business owners and employees will get the same, or similar, questions on a frequent basis. You can have an FAQ page on your website that answers these inquiries, but many customers may instead seek out a customer support chatbox.

When this happens, your customers can ask away, and an artificial intelligence bot can supply a high-quality answer that you have already provided. This is especially helpful when you get tons of calls and texts about your operation’s hours or where you are located.

2. AI Can Keep Track of Data to Help You Improve Your Business

Although it may seem like AI only handles auto-replies, it can simultaneously collect plenty of data about your customers’ communication habits, like call history and tracking, allowing you to understand more about who your customers are and how you can better suit their needs.

Plus, some AI services can provide helpful advice based on the data it collects, potentially giving you money- or time-saving strategies that can improve your workflow and business overall.

3. You Can Customize the Messages Sent Through AI

AI can help to provide the right message for a given question, but you can choose how a question is answered to give it a more personal touch. If your business is known for being witty or fun, you can play around with your pre-determined responses to give them your own special touch.

From there, AI will deliver your messages when you get an inquiry. Your voice will shine through, but you won’t have to be the one to type out the answers every time.

4. AI Can Allow You to Focus on More Important Tasks

Because AI can eliminate the need for you, or any of your staff, to take time out of your day to answer the same questions over and over again, it frees up your schedule to focus on doing what you do best: running your business.

AI can give you more uninterrupted time to think critically about the problems you need to solve within your business, and it can even allow you to spend less time working in general, allowing you to catch up on much-needed rest and time with family.

In Conclusion

It may feel scary to enlist the help of artificial intelligence in your small business thanks to how AI is often portrayed in the media. AI, however, can provide incredible customer service and free up your time and mental space at a highly affordable rate.

If you find yourself struggling to keep up with all of the tasks you have on your to-do list, it might be time to give AI a try.

Can You Save Money On An Online Masters Degree?

Access to education has now expanded globally and is available to anyone who has access to the internet and prepared resources for it. Indeed, distance learning has several conveniences, foremost of which is financial savings. The fact that you can obtain any undergraduate or postgraduate degree from any institution in the world gives you access to opportunities you may have otherwise thought you couldn’t get.  Continue reading