Hispanic businesses are not accustomed to on-line financial systems. Traditionally speaking, Hispanic business owner are used to doing business face to face. If you are a Hispanic business owner this is how business has been done in your country for decades and centuries. However, the world is changing. If you have a teenage son or daughter you will notice that most of the time they are on their I-phone, facebook.com or some sort of other on-line application. Just because you don’t see the person that you are doing business face to face does not mean that you cannot do business.
There are certain things you need to know before you do business on-line. Ebay.com and amazon.com are the two largest retailers of products on-line today. They probably sell more than any large retailer in Mexico, Central America, or South America. If you call eBay or amazon you will have a hard time speaking to a customer service representative because everything is done online. Not every company is as large as eBay or amazon. There are small companies across different industries doing business online. Today, insurance companies, personal loans, business loans, and other products and services are being done online. There are many reasons for this. As a Hispanic business owner you need to understand the benefits of doing business online.
1) These companies can provide you faster service
Example: A bank may take 2 to 3 months to provide you a credit decision and an on-line lender can provide you a credit decision de same day.
2) Saves You Time and Money
You want to obtain auto insurance. You get in your car drive 20 to 30 minutes to go see your insurance agent. You sit in their office waiting or talking to the agent and another 30 minutes went by. In the end you obtained a quote and you are not sure if you are going to buy the auto insurance. Than you walk out of the insurance agent’s office and drive another 30 minutes to an hour back to your office. You just wasted 1 to 2 hours of your day. Esurance.com can provide you a quote within 5 to 15 minutes online. As a Hispanic business owner you need to understand that your time is valuable and that time is money. You can utilize online systems to have more time to sell or spend with your family.
3) How to Protect Yourself
Since you are not accustomed to doing business on-line it is very easy to determine the credibility and reputation of a company that does business on-line or over the phone.
- Google The Company
You need to google the company and check for any negative reviews. Any company that has a negative review or complaints from clients will appear immediately. A negative comment or review on-line will appear much faster than any positive review.
Go to ripoffreport.com and see if there are negative reviews about the company
- Department of Business Regulation or Regulatory Agencies
Every single state in the United States has regulatory agencies for specific industries. You can visit those websites or call directly and ask them about the company you are thinking of doing business with. In the U.S. you can run but you can’t hide.
While doing business online or over the phone can be scary for you as a Hispanic business owner, once you understand how to do business online you can reduce your costs and increase your earnings.