Categorised | Business & Finance

5 Must-Have Business Tools For Online Entrepreneurs

No matter what sector of business you are involved in, your main goal as a small business owner is to be able to expand your operations and reach out to a larger number of potential clients across the world. The same goal applies to online businesses. Online businesses usually face the challenge of finding online tools or solutions that are alternatives to traditional office solutions. In this article, we will look at the business tools that online entrepreneurs should have to run their businesses with more efficiency. 

  1. Communication And Meeting Tools

Communication is essential to the running of businesses, whether online or in physical space. Online businesses may not have the advantage of a traditional physical space for meetings. However, there are several communication tools available for online businesses to use, with Skype and Zoom being the most popular currently. Online or virtual communication tools make it possible to conduct business meetings with several other people in different locations at the same time. Most of them are free to use and only require a simple signing-up process. These communication tools cover both online video conferencing as well as online call meetings. 

  1. Customer Relation Management Tools

One of the most effective tools that can affect your bottom line as an online business owner is a customer relationship tool (CRM). CRM makes it possible for small business owners to properly tackle important operational challenges, such as a decline in sales, high attrition, etc. CRM also allows businesses to have more visibility and insight into their client base. This enables them to better plan and make business decisions that will prove profitable long term. This tool works very well with accounting tools in terms of tracking revenue, sales, production cost, as well as losses. It also helps to support the bookkeeping system of accounting tools. CRMs also help to improve customer service as it helps the business owners to respond to complaints and queries from customers in a fast and efficient way.

  1. Virtual Office Assistants

You can get yourself a virtual office assistant to handle certain responsibilities and ease the strain on yourself or your business. Virtual office assistants are excellent for online businesses that do not have enough man-power or that are being managed by one person. The assistance comes in various forms. For example, a business owner can sign up for the services of professional phone answering services and receptionists for their business. This is also ideal as most online businesses do not necessarily have physical office spaces. Thus, with virtual office assistance, all your traditional office assistant duties will be handled online by professionals. All you need to do is provide them with the kind of information you want to use, and you’re good to go. Plus, most of these services come at very affordable prices.

  1. Accounting Tools

Having to deal with large numbers on a daily basis may not be the most exciting part of running a business. And employing the services of professional accounts when you have no physical office is one thing most online small business owners are hesitant to consider – although it is not a bad idea if your business can afford it. Fortunately, there are online accounting tools that online businesses can take advantage of. Most of these tools offer professional accounting solutions at very cheap or no cost at all. Plus, you do not need a degree in accounting to be able to use them. These accounting tools have been designed to handle all your bookkeeping records and ensure that you run ‘clean’ online business.

  1. Content Creation Tools

Content is everything. The right content will have the desired effect on a targeted audience – whether it is meant to provide more information or drive sales. Fortunately, there are several content creation tools available for online small businesses to take advantage of. 

As an online business, more than half of the work you do involves the creation of content. Whether it is email marketing, online presentations, social media marketing, webinars, podcasts, blogs, newsletters, infographics, and so on, it all boils down to quality content creation.

The great thing about most of these content creation tools is the fact that you do not necessarily need to have a lot of experience in content creation to be able to use them. Most of them have been designed to be both user-friendly and produce high-quality results at the same time. For a lot of online businesses, the actual production of content can be one of the biggest challenges. Taking advantage of content creation tools will help to ease that challenge.

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