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What Does it Truly Cost to Become a Real Estate Agent

What Does it Truly Cost to Become a Real Estate Agent

Becoming a real estate agent can be an expensive endeavor. In addition to the standard licensing and examination fees, there are often high association and membership dues to consider. Some real estate associations have annual fees that exceed $1,000, and many require you to be a member of the National Association of Realtors, which has an annual fee of $120.

Recouping the Membership Costs: Prelicensing

In order to recoup these costs, most real estate agents charge a commission on sales. The commission rate can vary depending on the market, but it typically falls between five and six percent. This means that if a home is sold for $100,000, the real estate agent would earn $5,000 to $6,000 in commission.

While the costs of becoming a real estate agent can be high, the potential income is also considerable. With a strong work ethic and a little luck, you could make a very good living as a real estate agent.

A Capable CRM for Organization

A CRM can be a real estate agent’s best friend. A CRM, or customer relationship management system, is a software program that helps agents keep track of their customers and their interactions. A CRM can keep track of important data such as when a customer was last contacted, what type of contact was made, and any notes about the customer. This information is invaluable for real estate agents who want to keep in touch with their customers and nurture relationships.

You Need an Allotment for Marketing

In addition to these costs, you will also need to budget for marketing and advertising expenses. Many real estate agents find that it is necessary to purchase a personal website and post regular listings in order to generate leads. You may also need to purchase advertising space in local real estate publications or participate in real estate open houses.

Altogether, the cost of becoming a real estate agent can range from several hundred dollars to well over $1,000. However, the benefits of joining this lucrative profession can be considerable. With hard work and dedication, real estate agents can enjoy a successful career with plenty of earning potential.

If you are thinking of becoming a real estate agent, be sure to research the associated costs and budget accordingly. As part of your research, don’t hesitate to reach out to finance experts such as the professionals at WHW Capital for guidance. By doing so, you will be well on your way to a successful real estate career!

Step by Step Guide to Opening a Private Medical Practice

Step by Step Guide to Opening a Private Medical Practice

There are many benefits to opening your own private medical practice. Perhaps the most obvious benefit is that you can set your own hours and make your own schedule. This can be a huge perk if you have young children or other responsibilities that require a lot of your time. You can also choose your own patients and treat them as you see fit, which can be very rewarding.

Additionally, you will likely earn more money as a private practitioner than you would as an employee of a larger medical organization. Finally, owning your own business gives you a sense of control and ownership over your career that is often lacking in traditional medical settings.

1. Get A Medical License:

In order to practice medicine, you need to be licensed in the state where you will be working. The process for getting a medical license typically includes completing an accredited medical school, passing one or more licensing exams and being fingerprinted and/or background checked.

2. Choose A Specialty:

Once you have your medical license, you need to decide what type of doctor you want to be. Do you want to specialize in a certain area like pediatrics or cardiology? Or do you want to be a general practitioner?

3. Find Office Space:

Once you know what type of doctor you want to be and the specialty you would like to practice, it’s time to find an office space. You’ll need a place for patients to come see you and for all your necessary equipment.

4. Set Up Your Billing Process:

Before patients start coming in, make sure that you have processes in place for billing and insurance claims. You’ll likely need software specific to medical practices in order to submit insurance claims correctly.

5. Market Yourself:

Even with the best processes in place, if no one knows about your new private practice, patients won’t come see you! Make sure you let your community know that you’re open for business by advertising in local publications and online.

The above tips to opening your own medical practice are tried-and-true; however, for more in-depth understanding of the process, please contact the business experts at WHW Capital. Now that you have a few tips to get started, it’s time to get out there and open your very own private medical practice!

Effective Content Marketing Strategies

Effective Content Marketing Strategies

Content marketing is valuable to consumers because it zeros in on the information they find most useful while avoiding a direct sales pitch. It benefits your business by building loyalty to your brand and establishing you as a go-to source. These are some highly effective ways to market your business with relevant content.

Create a Blog

Blogging can be an extremely effective way to boost your business’s search engine ranking. When writing blog content, it is necessary to focus on topics that indirectly relate to your products and services. Choose subjects that have educational value and are specific to your target audience. It is necessary to update your blog content and keep it fresh to ensure that your audience always has something to read. Strategic use of keywords will also raise your ranking organically, giving you greater exposure to the appropriate audience searching for your products or services. 

Post on Social Media

Your marketing campaign is not complete without a presence on social media. The goal of this aspect of content marketing is to help your customers to engage with your brand. Analyzing your customers’ social media habits will give you a sense of which platforms they are most likely to use and help you create content that is most relatable to them. It is important to remember to respond to your customers’ comments and remember to provide a steady stream of fresh and concise content.

Create Videos

Video content provides a perfect way to engage customers and simultaneously offers helpful information. For example, videos that show how to do something can be highly effective teaching tools that clients may prefer over written instructions. Videos are also highly effective for showing off your products and allowing your customers to envision using them. They provide behind-the-scenes views of your business by helping your customers feel more intimately connected with it. Video production also allows you to present your content as podcasts, images, or transcriptions in written format.

Create Podcasts

Podcasts are excellent marketing tools because they create opportunities to partner with other industry players and allow you to expand your reach and audience. The increasing popularity of podcasts is due to their accessibility, allowing your audience to listen while multi-tasking. Podcasts also allow you to develop your niche audience of people who might share your content.

A carefully crafted content marketing strategy that involves multiple channels can help you develop brand awareness and grow your business. Reach out to the content experts at WHW Capital for more information on effective marketing strategies.

Could an Asset Based Loan Help You Grow?

Could an Asset Based Loan Help You Grow?

Business owners often require additional sources of funding to improve their cash flow and enable their companies to continue to thrive and grow. An effective solution to financing difficulties is an asset-based loan. A typical example of this type of funding is a mortgage, which involves the borrower using the real estate they are purchasing as collateral. Asset-based lending also sometimes takes the form of a revolving line of credit. Here is some important information about asset-based loans.

The Basics of Asset-Based Loans

The basis of an asset-based loan is the collateral that the borrower puts up to ensure that the loan will be repaid. Approval for these loans depends upon the value of the assets that the borrower has available to use for collateral. The lender calculates the loan’s amount as a percentage of the value of the assets. The borrower must make timely payments or the lender can claim the collateral.

Assets Commonly Considered as Collateral

As mentioned above, real estate is collateral for mortgages and also for bridge loans obtained for property development. If you need equipment, you can obtain financing for it using the equipment as collateral. If you are short of inventory, you can use an asset-based loan to purchase the goods you need, and the inventory you buy is the collateral for the loan. Another popular form of collateral for an asset-based loan is unpaid accounts receivable.

Benefits of an Asset-Based Loan

Because your assets become the collateral for an asset-based loan, there is less risk for lenders, and they are more willing to consider your application even if your credit score is not high. This makes them easier to obtain than loans from traditional banks. The approval and funding process is also significantly faster. This is an important consideration if you need financing quickly for upcoming projects.

For more advice on stabilizing and growing your business by means of an asset-based loan, contact WHW Capital.

Why Going Green Is a Good Move for Small Businesses

Why Going Green Is a Good Move for Small Businesses

Making progress to combat the climate crisis may fall heavily on the shoulders of private companies. Consumers across all types of industries want to see businesses accept this charge with accountability and ownership. Taking steps to go green helps growing businesses win favor with their target customer bases and blaze a trail as innovators. Here are some important things that businesses should consider about becoming more environmentally friendly.

Energy Conservation

One of the best small business tips for going green is to step up energy efficiency. This is a great starting place for small businesses because it may not necessarily involve any new big expenditures. Simply being more conscientious about power usage can add up to substantial savings.

Heating and cooling costs can represent one of the biggest chunks of commercial electric bills, so using tools like smart thermostats and staying on top of system maintenance tasks are surefire ways to lower monthly overhead. Other important facility management functions that can impact energy consumption include using energy-efficient lighting systems and replacing outmoded equipment that uses a lot more power than newer generations of equipment.

Renewable Energy

There are sizable incentives available to some small business owners who are willing to invest in renewable energy. These types of improvements could help certain companies qualify for tax savings or rebates.

A solar panel installation sends a message to customers that’s loud and clear. When a business can showcase its renewable energy system in its marketing materials or its system is going to be conspicuous to customers when they arrive at a business’ location, it can help make a great impression on eco-conscious consumers.


Partnering with a 3PL provider that boasts about its low emissions and commitment to sustainability could make logistics activities less harmful to the environment. These types of service providers can also facilitate reduced fulfillment costs, so this may be one of the best small business tips for merchants and manufacturers who are looking to ramp up operations affordably.

Sustainable Sourcing

Buying supplies that are made with minimal impact on the environment can be an effective means to make a small business more environmentally friendly. Using products that are made from recycled materials and purchasing supplies from eco-friendly vendors may not offer much cost savings, but it’s a smart way for businesses to do some smart sustainability marketing.

Of course, eco-friendly initiatives may take some smart resource management strategies. However, investments and expenditures geared towards sustainability may help businesses enhance their earning capacity while also lowering their overhead costs.

Using Equipment Financing for Working Capital

Using Equipment Financing for Working Capital

Most small business owners understand the way equipment financing works when it’s time to purchase new tools and machines. What many overlook is the opportunity for refinancing equipment they already own when they need working capital. This can fund upgrades and expansions without taking out a fresh loan on the new equipment, or it can take care of ongoing maintenance for your existing equipment so you do not need to tap into cash reserves to make repairs. There are two ways to use the equipment you own outright for capital. One of them is debt-based, and the other involves selling the equipment and leasing it back.

Refinancing Equipment with a Loan

Equipment financing works a lot like property financing, in that the value of the purchase serves as the collateral for a loan. That is why you can’t get more than the purchase value of your equipment out of a loan when you buy. In fact, it’s why you usually need a down payment. Just as you can refinance real estate to access the equity in it as working capital, you can do the same thing with equipment.

Most of the time, refinancing equipment involves pooling a few assets. Their value is based on the expected useful operating life remaining and their original values, and the LTV is lower than purchase loans. That being said, if you need money now, it is a way to access the capital you would otherwise be sitting on.

Using a Leaseback to Sell Equipment You’re Still Using

Another equipment financing option is the leaseback. This has a few advantages over refinancing with a loan when it is used under the right circumstances. If you are selling to someone looking to lease that equipment for investment income and you are also leasing it, you have a lot of negotiating power when it comes to costs and term lengths for the lease.

The best part is at the end of the lease. Having sold the equipment for working capital, all you need to do is let the lease expire and the investor will take care of its removal. That frees up floor space for your next equipment upgrade while saving you equipment disposal costs.

Why Use Equipment Financing for Working Capital?

There are a lot of ways to get access to capital when you need it, but financing your equipment is a way that helps you control your costs. Whether you choose a loan or a leaseback, the cost of capital is mitigated by the lowered risk that your assets’ values represent.

The Key Components of Starting a Small Business

The Key Components of Starting a Small Business

Starting a new business is a challenging process with many hurdles to cross. Many founders give up on their businesses before they even get off the ground because they don’t have a clear plan from the outset. To avoid this fate and increase your chance of success, here are some useful guidelines that can help you start your small business.

Do Market Research

You have to fully understand the market in which you plan to operate. Running market research at the beginning of your startup journey will help you gather all the data necessary for your business plan and give you a better idea of what your clients are looking for. You can choose between online surveys and focus groups, in-depth interviews, and even one-on-one surveys. Whichever method you choose, remember to gather as much data as possible to avoid overselling your product or service.

Create a Business Plan

After you’ve done your market research, you can move on to creating a business plan. This document will help you organize and prioritize your ideas and give you a clear vision of where you want to take your business. Your business plan should include information about your business model, your target audience, your unique selling proposition, your marketing strategy, and your financial projections. Your business plan doesn’t have to be long, but it should be clear and concise.

Hire the Right Team

An important part of starting a new business is finding the right people to work with you. If you’ve been an entrepreneur for a long time, you probably know that many tasks, such as marketing and sales, are best done by individuals with specific skills and expertise. If you’re not good at these tasks, hiring professionals in these areas will not only save you time but also allow you to focus on the core elements of your business. As an example, you might decide to hire a social media marketing agency to handle your marketing campaigns.

Launching a small business is a daunting task, and it’s important to keep up your spirits throughout the process. To avoid getting bogged down with unnecessary stress and pressure, you should do everything in your power to keep your expectations realistic. Sure, you want to achieve greatness with your company, but you must not forget that every journey begins with a single step. Keep these things in mind and you’ll have a much better chance at success.

Simple Steps to Obtain a Merchant Cash Advance

Simple Steps to Obtain a Merchant Cash Advance

Small businesses that require additional working capital have several options to get the financing they need. One option available to small businesses that make credit card sales is a cash advance.

Research Your Options

Before submitting any applications, do some homework and compare different cash advance companies. There are some simple things to consider when looking at different merchant cash advance companies.

Start by understanding the advance’s cost and the factor rate. When you have this information, you have a much better idea of determining the portion of your credit card sales you can utilize for your advance.

Find an Approved Credit Card Processor

If you already have a credit card processing company, ask them if they have any relationships with merchant funding companies. If you want to choose a specific business cash advance provider on your own, you can always switch credit card processing companies if needed.

Submit Your Application

A very nice feature of a cash advance is that the application process is far more straightforward than applying for a traditional bank loan. Companies with organized and accurate financial records will find applying for a merchant cash advance relatively easy.

Cash advance providers will want to look at your current business financial situation. This inspection can include your total income, the typical amount of credit card transactions, and any future performance projections.

Providers will also want to know information about your company’s structure and overall financial history. In some cases, a provider may also review your business’s credit score.

Take a Look at the Contract

Once you receive your financing approval, the cash advance provider will send you a financing contract. Any business owner needs to review these contracts in detail.

Pay close attention to the amount you will need to remit regularly. Also, take note of any penalties that may occur if you default on the requirements of a lender.

Make sure that if you have any questions or are unclear about any of the terms or conditions, you ask your provider for clarification. Your provider most certainly wants to make sure that you understand all the terms of your contract before signing up for an advance.

One of the best elements of a cash advance for a merchant is the simplicity of receiving this type of financing. Small businesses in need of quick capital should most certainly take advantage of this specific type of financing vehicle.

How Influencer Marketing Can Boost Your Business

How Influencer Marketing Can Boost Your Business

These days, it takes more than just a simple billboard to get attention for your company. With the advent of online advertising and the greatly accelerated amount of competition on the internet, turning to social media influencers is a vital marketing tactic. Here are a few key reasons why influencer marketing can be highly lucrative for your business growth, and what each influencer can bring to the table in terms of advertising for your company.

Your Business Needs an Audience, and an Influencer Brings Followers

There’s no denying that the real power behind social media stars is their presence with their followers. Every influencer has, to some degree, learned how to master his or her marketability and attract followers to his or her social pages. If they’ve built up a platform that speaks to thousands or even millions of people around the world, they have plenty of opportunities to share and promote advertisements for your business that can reach all of those customers in one fell swoop. 

Customer Loyalty is Essential, and an Influencer Can Maintain That Relationship

Influencers gain their popularity on social media not only by being famous or going viral in some way that has attracted a large audience but by holding onto and maintaining relationships with their followers based upon what they do. Whether they’re looking to sell their product, promote a certain lifestyle or simply share aspects of their daily lives that their followers can relate to and connect with, these individuals have gained the trust and loyalty of their audience through their brand — and brand loyalty is an essential component of your own company’s success. Hiring an influencer to highlight your company’s name and product as a marketing tool can be highly effective in retaining that same loyal audience for your own business for years to come.

Content is Still King, and an Influencer Can Easily Offer It

The driving force behind any marketing strategy, especially on social media, is to consistently engage customers by putting out informative or useful content. Content can be anything from blog posts to infographics to create video posts, and those in an influencer position can easily share and market your company’s content, as well as produce their own. 

Relying on social media influencers as part of your marketing platform is a smart and productive avenue for your company’s growth. Remembering these possibilities when it comes time to prepare a new advertising strategy can be a worthwhile endeavor for long-lasting success.

Preparing to Apply for an SBA Loan

Preparing to Apply for an SBA Loan

Applying for a loan can be a lot of work for small business owners. Good preparation will help you navigate the process strategically and present your business as a strong strong applicant to lenders. Familiarize yourself with some of the qualities that they’re looking for and what you’ll need to do to make a winning impression. Here are some key tips and tactics for getting a small business loan.

Know Where Your Credit Score Stands Before You Apply

Lending institutions look at creditworthiness as one of a business’ important qualities. Your credit score is a bright line representation of your company’s ability to meet its ongoing obligation to creditors and manage finances well. For many lenders, a problematic credit report and score may make even considering an SBA loan application a nonstarter.

Make it a point to check in on your business’ score and activity on your credit report on a regular basis. If you check your score regularly, you’ll be able to address mistakes instead of learning about them when a loan application or another credit inquiry is already underway.

Time Your Application Strategically

Businesses that haven’t been operating very long may have a tough time inspiring confidence in loan providers. New enterprises are a high-risk proposition for creditors because so many newly formed businesses encounter financial struggles in their early days. Getting through your growing pains before you try for an SBA loan may be a wise course of action. In general these types of lending opportunities are best suited for businesses that have already realized some initial success and need a loan to fuel growth instead of startup costs.

The steps that you take to afford your overhead costs can help you demonstrate your creditworthiness to prospective lenders. Making consistent payments on business credit cards, using a line of credit responsibly, or factoring receivables can show your company’s mettle in managing finances.

Organize Your Financial Information

When you apply for an SBA loan, you should have detailed financial statements on hand. Being able to prevent a comprehensive financial picture of all of your revenue and expenses in real time is essential when you’re trying to get an application through. With all of your financial data ready, you’ll be able to answer lenders’ questions completely and accurately.

The turnaround time for a small business loan approval can vary between lenders, but you should expect that it will be more than a few weeks. The process may take months. Be patient, be persistent, and stay organized to improve your chances of getting an approval.