SAT Test Prep Sweepstakes

Posted by admin on Aug 23, 2011 2:31:00 AM

Enter your school to win one month of premium SAT test prep for the entire Junior class!

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Topics: Giveaways

How to Live Within Your Means

Posted by admin on Aug 23, 2011 1:41:53 AM

Many people find it hard to survive in a stunted economy while inflation flourishes, but that doesn't mean it's not impossible. It takes a lot of hard work and dedication to live within your means. You need to set up a budget and stick to it. This way, when you're in a bind, you won't be wondering how you're going to pay for that emergency car repair or medical bill.

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5 Things Business Owners Should Be Buying, But Aren't

Posted by admin on Aug 18, 2011 2:23:00 AM

This post was written by guest blogger Michael Dolen.

You've probably heard the quote "take care of the pennies and the dollars will take care of themselves". This especially holds true in business. Sometimes the difference between a failing business and one that's wildly successful is just a few percentage points of profit. Walmart is an example of this, with a net profit margin of only 3.77%.

Obviously though, none of us have a Walmart-sized company. Not even close. However the lesson still holds true whether you are a one-member LLC (like I currently have) or a corporation with hundreds of employees. If you don't seek out the absolute best deals on your inventory and supplies, even the slightest differences can add up to real money over time the difference between being in the red of not.

Are you buying enough online?

One simple way that just about any business can reduce their expenses is to buy online. Of course, the impact that will have on your bottom line will depend on your industry, but here are 5 examples to demonstrate how this approach is something all of us must consider.

#1. Toiletries

Toilet papers, seat covers, paper towels; they're not the most pleasant items to think about, but you should because you're probably overpaying big time if you buy them from a brick and mortar store. Take these wholesale Health Gard seat covers. At the time of writing, DollarDays is selling them for only $78.87 per case (that's 5,000 covers total) to Platinum Members. Compare that to the retail price of $219.80! Doctors’ offices, restaurants, and just about any business with a heavily-trafficked bathroom will save a lot of money here.

#2. Shipping/Packaging Supplies

Years ago I used to run an eBay business and as you can imagine, I was buying quite a bit of packing supplies (my Staple's credit card bill each month was quite high!). Doing that was a big mistake, because I can buy envelopes, bubble wrap and more for only a fraction of the price online. Compare DollarDays wholesale envelopes to what the office supply stores charge and you will be amazed at the difference!

#3. Electronics

It may be 2011, but fax machines are still a vital accessory for many businesses. When I started my website for credit card reviews, I assumed a fax machine would never be needed since it was an online business. However the credit card companies I work with like Chase, American Express, and Discover often ask for the advertising agreements to be signed and faxed back. All those trips to Fedex Office where I had to pay $1-2 per page for faxes really added up. Eventually I caved in and bought a cheap fax machine, but after checking out the ones on DollarDays it looks like I could have gotten it a lot cheaper. As I write this there are good, name brand wholesale fax machines for less than a hundred bucks.

#4. Food/Beverage

We all know how expensive coffee has gotten over the past couple years. If you provide free coffee to your employees, that increased cost really adds up. Of course, the solution is to not to do away with it, because that coffee can help invigorate employees (boosting productivity). A better solution would be to buy it online. Not only will you find it's a lot cheaper than the stores, but you can also snag additional savings with the closeouts found in DollarDays wholesale coffee and tea section.

#5. Hardware

A good friend of mine is a property manager for a fairly large complex of 80 or so apartments. Whenever light bulbs, tools, etc. are needed, the higher-ups at corporate tell him to go to Home Depot and charge it to the business credit card they provided him. This is a huge waste of money considering that many of the same items can be bought online for much, much less. Check out the wholesale hardware section and you will see just how significant the savings can be.

Michael Dolen is the founder of Category Media LLC, which is the parent company of He started this forum/blog in 2008 as a place for consumers and business to ask questions and get answers. Speaking of credit cards, he uses the Chase Ink and AmEx Business Gold for his company, but stresses that there's not a "one size fits all" answer when it comes credit cards.

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Topics: Small Business

We Are Forgetting About Our Kids

Posted by admin on Aug 17, 2011 1:51:00 AM

Marc Joseph, Author; CEO/President and Founder, DollarDays International, Inc. has created a new article on the Huffington Post. Below is a quick sample. Head over to the Huffington Post to read the full article.

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Topics: Giveaways

Save Money By Eliminating Food Waste

Posted by admin on Aug 16, 2011 1:41:34 AM

According to statistics, the average family of four throws about 14% of their food budget in the garbage can every year. That is a lot of wasted food and a lot of wasted money, up to $150 per month depending on your family's food budget. How can you cut down on food waste and the hemorrhage in your wallet at the same time? The following tips can give you some ideas to save your food and your money.

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5 Strategies For New Businesses To Build Credit

Posted by admin on Aug 11, 2011 11:11:00 PM

This post was written by guest blogger Michael Dolen.

Building credit for your small business can seem like the ultimate catch-22. You can't get credit without first having a credit history. So what are supposed to do? Well, here are 5 strategies you can use to establish and build credit for your new LLC or corporation.

Strategy #1: Open a business bank account

While this in and of itself won't build your credit, it is an important requirement for obtaining credit down the road. In order to apply for an unsecured business loan, typically you must have a bank account that has been open for 2+ years. However, if you demonstrate a strong history of deposits/cash flow into this account, then your bank may make an exception to the typical 2 year requirement.

Strategy #2: Obtain a secured loan

Even if your business has absolutely zero credit history, it still may be possible to get a loan. How so? By putting up your cash as collateral. For example, your bank may allow you to borrow $5k if you sign away a $5k CD for collateral. Since essentially you are borrowing your own money, obviously a loan secured by cash is useless for financing purposes. However what it does accomplish is kick-starting your credit history, now your business will have an installment loan on its record.

Strategy #3: Establish trade lines

Even with no credit history, it may be possible to obtain a trade line with some local suppliers, such as construction and lumber companies. These usually operate on a net-30 basis, which means your balance must be paid in full within 30 days. Because these are unsecured, the amount of credit you start out with will almost always be low. However if you use it responsibly over time, your credit limit should go up. The only drawback with trade lines is that in order to have these show up on your D&B credit profile, you may have to pay Dunn & Bradstreet for their "Credit Builder" program, unfortunately.

Strategy #4: Piggyback on your personal credit

In order to apply for a business credit card and get approved solely under your company's credit, your business typically must have 2+ years of solid cash flow (with solid bookkeeping to back it up) and often the requirements are quite high; $2M to $5M annually. Obviously that's an impossible feat for a new business! However you can apply for small business credit cards under your personal credit. If you do so, please note that AmEx business cards(as great as they are) will not be reported to your business credit file. However Chase and some other issuers will report, assuming you provide them with your business tax ID number.

Strategy #5: Keep Your Personal Credit In-Check

Even after you do all of the above, don't be surprised if down the road a lender asks to see your personal credit when you apply for a loan (typically this goes for anyone owning 20% or more of the business). Some people feel this is not appropriate, but it makes common sense when you think about it, a person good at managing their own credit will probably be a lower risk in managing business credit, right? Depending on the size and type of loan, the lender may also ask you to co-sign for it under your personal credit. Conclusion? As a small business owner, having good personal credit can be very useful, both now and in the future.

Michael Dolen is a small business owner himself, the founder of Category Media, LLC, which is the parent company of (a website which he built to offer the best credit card deals, or at least that's what he strives for it to be). On the site he has a section featuring credit Q&Aís for small businesses.

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Topics: Small Business

Easy Gift Buying Guide

Posted by admin on Aug 3, 2011 2:38:09 AM

Between duties at work and responsibilities at home, it is often hard to even remember special occasions, much less come up with a great gift idea for them. Often, if you have to come up with a gift in a hurry, you resort to boring old gift cards or an impersonal cash gift. Here is an easy gift-giving idea guide that can help you come up with the perfect present for any occasion.

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Tips For Saving Money On A Website

Posted by admin on Jul 29, 2011 2:20:00 AM

Many small businesses struggle with the idea of putting together a website. It might be for creative reasons, or perhaps they simply do not have the money to spend on something elaborate. However, no matter how big or small the budget, it is possible to create a good, working website.

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Topics: Small Business

6 Ways to Keep Your Kids Busy and Keep Yourself Sane This Summer

Posted by admin on Jul 27, 2011 2:32:00 AM

It’s summer time again which means that the sun is shining, the flowers are in full bloom, and your kids are home from school for the summer. While there are many activities that can be done in summer, like going to the pool or making a trip to an amusement park, budget and time prevents them from being a daily outing which means that most of the time your kids are at home, with you, complaining about how there is nothing to do. Save your sanity and cut off that endless chorus of how bored your children are by providing them with one of these projects to keep them entertained and out of your hair.

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Topics: Education and School

Using Social Media for Small Business Promotion

Posted by admin on Jul 26, 2011 2:46:00 AM

It's no longer satisfactory to simply have your business represented online by a lone website. In the age of social networking and quickly-spreading online trends, every business needs to be considering a presence on site like Twitter and Facebook. These websites present great opportunities for brand awareness, promotion and even hype. So, how is it done and what do you need to know before you experiment with social media?

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Topics: Small Business