Category: Business Website

Spirides Hotel Finance Company Provides Hotel Financing

Posted on By Rihanna

Hotel FinancingTampa-based Spirides Hotel Finance Company provides hotel financing for hotel owners and developers throughout the United States. This family-owned and operated business arranges mortgages and loans for ground-up construction, acquisitions, debt refinancing, renovations, and other capital projects.

Tampa-based Spirides was introduced to the development team behind the Dunedin hotel project by a local developer and general contractor. As a result, Spirides provided $14 million in construction-to-permanent mortgage financing.

Hotel Construction Loans

Whether you are buying an existing hotel or building one from the ground up, Spirides Hotel Finance Company can arrange mortgages and loans for you. Our professionals have successfully placed mortgages for new ground-up construction, acquisition, debt refinancing, renovation, and other hotel capital projects.

Spirides Hospitality Finance is a Florida-based company that provides hotel financing for hotels throughout the United States. We work with hotel owners nationwide to arrange hotel construction, acquisition, debt refinancing, renovation loans, PIP funding, and mezzanine loan programs.

Commercial mortgage bridge loans are a great way to fund hotel construction and renovation projects. They are typically interest-only for up to three years, have an LTC ratio of up to 85%, and have a lender loan fee of 1% to 2% on a recourse or non-recourse basis.

Hotel Acquisition Loans

Based in Tampa, Florida, Spirides Hotel Finance Company provides mortgages and loans to hotel owners for ground-up construction, acquisition, debt refinancing, and renovation projects. They charge no up-front fees and provide fast execution and excellent terms in the marketplace.

Hotel acquisition loans are generally for purchasing hotels or other hospitality businesses. They typically have favorable rates and terms and no prepayment penalties.

You must submit a complete financial package to the lender when looking for a hotel loan. This includes a business plan, financial statements, and a hospitality resume.

You may also need to present your hotel’s debt service coverage ratio (DSCR), which compares your cash flow to your debt payments. A high DSCR will help your lender understand how much money you can afford to borrow. Conversely, a low DSCR will make qualifying for a hotel loan more challenging.

Hotel Refinancing

Spirides Hotel Finance Company provides mortgages and loans to hotel owners and developers across the United States for ground-up construction, acquisition, debt refinancing, and renovation projects. We have loan amounts ranging from $500,000 to $200 million.

Tampa, Florida-based Spirides Hotel Finance Company provided financing for a $14 million hotel development project in Dunedin, Florida, for a local developer and general contractor. The project includes two phases.

Phase 1, a smaller lodging facility known as Grant Street Inn, began construction in April and will be completed this summer. The second phase, 68 units located on Causeway Boulevard, will start construction immediately.

This hotel development enables a Toronto Blue Jays Baseball Club team to have consolidated, quality housing for its players year-round while in Dunedin training at the newly opened Player Development Complex (PDC). The relationship between the Blue Jays and Anderson is similar to the relationship airlines have with hotels near airports, where crews can be guaranteed blocks of rooms that they will need for years.

Hotel Bridge Loans

A hotel bridge loan is a short-term loan that allows you to finance the purchase or development of a hotel without having to pay a sizeable down payment. They are often used to pay for renovations and process improvement plans (PIP) while waiting for long-term financing to become available.

At Spirides Hotel Finance Company, we provide mortgages and loans for hotel owners for ground-up construction, acquisition, debt refinancing, and renovation projects nationwide. Founded by members of the Spirides family, who have owned and operated hotels for 100 years since the 1920s, Spirides provides mortgages to investors in hotel properties with low-interest rates, extended amortization periods, and non-recourse financing.

Spirides Hotel Finance Company also provides mezzanine loans for borrowers seeking capital to fund a hotel’s acquisition, renovation, or refinancing. These mezzanine loan structures can be structured as permanent, non-recourse, or joint venture debt and are backed by limited- or select-service and compact full-service hotel assets.…

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What You Need to Know About VoIP Video Conferencing

Posted on By Rihanna

Video ConferencingVoIP video conferencing

VoIP video conferencing can be a great way to communicate from different locations. This technology allows you to call multiple people at once without worrying about long-distance charges. The cost of VoIP video conferencing is based on a monthly subscription fee, which is cheaper than traditional phone service.

VoIP is becoming increasingly popular in business. The technology is easy to set up and expand, as you don’t need to invest in hardware or office space. You can add more members easily. In addition to its ease of use, VoIP is secure. Some providers offer encryption, which ensures sensitive data cannot be intercepted.

Features

Video conferencing is a great way to enhance VoIP calls by making them more interactive. Almost any device dialed into a VoIP network can be used to participate in a video conference. If your business has multiple locations or many employees working remotely, video conferencing is a great way to bring everyone closer together.

One of the most significant advantages of VoIP video conferencing is its ability to provide a reliable, secure, and convenient means of communication. Businesses can use it to collaborate with employees and conduct business, allowing them to dial in directly from their phone system dashboard. It also allows employees to access files, chat, and screen-sharing. Other benefits of VoIP video conferencing include that it is a flexible service that can grow with your business.

Cost

A traditional on-premise system requires maintenance and expert help, costing thousands of dollars annually. A VoIP provider takes care of all these issues, automatically rolling out updates for customers. Plus, VoIP providers provide free technical support.

Video conferencing is an excellent way to increase the quality of VoIP calls. You can use this technology on compatible devices, such as smartphones and tablets. It also provides a unified communication solution for teams that work in different locations. It’s excellent for multi-office businesses and freelancers who need to be accessible wherever they are.

Requirements

Setting up video conferencing can be challenging, but following a few basic guidelines can ensure high-quality audio and video. First, you need a fast internet connection. This is necessary because video calls use more bandwidth than audio calls. Typically, experts recommend a minimum of 300 kbps for simple video calling and two Mbps for high-definition video calling. You also need a high-quality video conferencing service.

You must test your connection. Check your internet connection’s upload and download speeds. If they aren’t adequate, your call quality will be affected, and customers and employees may become frustrated. If the connection is slow, it may affect other workflows, including team collaboration.

If you should use it

If you’re trying to make a business decision, one of the first questions you should ask yourself is, “If you should use VoIP video conferencing?” VoIP video conferencing is becoming increasingly popular with businesses as a cost-effective way to communicate with other people. VoIP conferencing is similar to traditional VoIP but has some specific benefits over traditional phone services. For example, it’s compatible with most VoIP-compatible devices, which is essential if you’re trying to make video calls.

One of the essential features of a video conferencing service is its ability to reduce jitter. Because VoIP relies on IP addresses and not cell tower information, calls are made with minimal jitter. Another significant benefit is that the technology has no location tracking, unlike other methods of communicating with other people. Finally, unlike traditional phone systems, video conferencing platforms are inexpensive, easy to use, and allow you to share with an unlimited number of people.…

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Tips for Creative Laundry Business Marketing Strategies

Posted on By Rihanna

Business MarketingOpening a laundry business can be quite profitable. To increase the chances of this business, you must have a strong business marketing plan. And within any of these business plans, it is important to include an effective marketing strategy.

The laundry business in Indonesia began to be loved in the early 2000s and is growing until now. Given the increasing consumer needs among workers or students, this business seems to never die.

With the increasing number of competitors in this business, you have to be creative. Especially in designing your laundry business marketing strategy.

Determine Your Laundry Business Type

Along with the development of the laundry business, this type of business itself also develops. Therefore you also need a marketing strategy, a creative, strong, and effective laundry business marketing strategy. In general, the type of laundry business that is widely used is the conventional laundry business.

This business is engaged in offering laundry services to consumers. The customer hands over the clothes they want to wash and your employees work on them until the laundry is clean, dry, and neatly folded.

However, nowadays there are modern types of laundry businesses that provide self-service options to consumers and apply a special currency of exchange in the form of coins or cards.

This type of laundry business is commonly called Laundry Coin or Laundry Self-Service. Of course, the choice of the type of laundry business is also closely related to determining the marketing strategy. You can make packages at different prices based on the type of clothing.

Or if you choose a modern laundry business, for example:

Laundry Self-Service, where you can create laundry packages based on the size or type of the washing machine. The use of the dryer and the use of the hot water feature when consumers use the washing machine.

Don’t forget to also give discounts at certain periods to attract your customers as a marketing strategy implementation, a creative, strong, and effective laundry business marketing strategy.

Promote and package them attractively on social media or your website.

Define Target Customers More Specifically When Creating Marketing Strategies, Creative, Strong,, and Effective Laundry Business Marketing Strategies

Unlike other businesses, the scope of the laundry business’s target customers is somewhat narrower. People who do not have a set of washing machines and time to wash their clothes are easy targets for laundry business marketing targets.

Usually, these characteristics or characteristics fall on employees or students who tend to live in temporary housing. Like boarding houses or rented houses, where most people who live there don’t have much free time because of their various activities.

This is important for determining the price that you will promote to your target customers as a marketing strategy implementation, a creative, strong, and effective laundry marketing strategy.

For example, you could give special discounts to students whose income levels are less likely to be as high as the employees in your marketing efforts.

Promote Additional Services at the Laundry

Make sure your laundry business looks different from its competitors. Especially if you run a modern laundry business. You can add features that pamper your customers while they wait for the clothes to finish washing.

Features such as WiFi, modern massage equipment, or TV with premium programming can be unique and interesting to include in your marketing materials.

This is a marketing strategy, a creative, strong,g and effective laundry business marketing strategy to be implemented. So it is hoped that prospective customers will feel comfortable and flock to your modern laundry place. However, these features will certainly increase your fixed costs such as electricity and internet costs.

It is necessary to adjust the budget with your sales package so that you can still get a profit. In the end, by implementing a marketing strategy, this creative, strong, and effective laundry business marketing strategy is expected to bring in more customers.

Always upload and update various packages and additional features that you will offer to customers through social media. Or other media that you use as a marketing instrument to maintain the existence of your laundry business.

Furthermore, don’t forget to always monitor the recording of transactions and financial reporting of your laundry business, which of course you can do online and in real-time.…

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Things In Creating Product Marketing Strategies for Children

Posted on By Rihanna

Marketing Here are some things to avoid in a marketing strategy targeting children. First, you must ensure the quality of the material from the product. Of course, children will not pay attention at all to the quality of the product they are going to buy but for their parents, this is an important thing.

Therefore, you should avoid hazardous materials. Usually, entrepreneurs use hazardous materials so that the cost of their raw materials is low so that their profits will be even greater. These conditions may be achieved and run smoothly in the short term but in the long term, it will be a problem.

So that later you don’t experience problems related to the quality of your product’s raw materials, then you don’t use hazardous raw materials that you must include in your marketing strategy.

That way if children want your product then their parents will obey their children to buy it without a second thought.

Has No Value & Benefits

As it is known that parents have an important role in purchasing children’s products.

This is because their parents will pay for the product. Therefore, don’t just make products that are unique, interesting, and funny, but also have value or benefits.

You can provide educational value for example. So that parents of children will not feel a loss because they buy products that have no benefits. Avoiding products that have no benefits is also a pretty good opportunity in today’s business world.

Considering that products for children that have educational value are still minimal, so creating useful products is a very good marketing strategy.

Lack of Market Trial Before Implementation of Children’s Product Marketing Strategy

As we know that research is part of advertising. Without doing research you cannot understand the market needs. Therefore, you should do a trial or market research first before making a marketing strategy.

Do not let you ignore let alone do not do research. Maybe in the beginning you will feel burdened because the research costs are quite expensive. However, gradually you will understand that research is a form of corporate investment.

Mimicking Competitor Marketing

Another important thing that you need to avoid in making a marketing strategy is imitating the advertising concept of competitors or competitors.

This copying of competitors’ marketing is not only shown in terms of children’s marketing but also in marketing in general. Having originality and creativity is a must, don’t let the advertising you do imitate your competitors.

Consumers, both adults, and children will not appreciate your business. Even if they can compare it, of course, it’s not good for your business image. Those are some things that need to be avoided in making a marketing strategy with children targeting.

Now is the time for you to evaluate the marketing strategy that you have created. Is it good? Having a good marketing strategy targeting children will certainly be easier to do if you have good calculations and financial management.…

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Tips for Choosing the Right Influencers as a Marketing Strategy

Posted on By Rihanna

Marketing Do you know that Indonesia is among the creating nations that have probably the most social media customers on the earth? Name it like Instagram, Fb, Twitter, Line, BBM, Youtube, and different social media are very acquainted in Indonesian society. The presence of assorted sorts of social media platforms is after all utilized by corporations. Up to now, producers or corporations traditionally promoted their services or products. In the meantime, now many corporations are utilizing social media for their marketing actions. One technique that’s thought of as efficient for marketing services or products on social media is utilizing influencers.

What are Influencers?

Influencers are individuals who have numerous followers or audiences on social media. So they’re thought to have a robust effect on their followers. These so-called influencers, for instance, similar to artists, celebrities, YouTubers, bloggers, and so forth, are chosen primarily based on their reputation, experience, or popularity.

Ideas for Selecting the Proper Influencer For Good Marketing

As a result of marketing utilizing these influencers has a big influence, you possibly can’t go incorrect. Then the query is the best way to decide the precise influencer. Listed here are suggestions for selecting it.

View Followers

A crucial and most necessary factor in selecting an influencer is the followers. The extra followers may affect the variety of audiences who see the marketing of your services or products. Subsequently, select influencers who’ve many followers. Along with the variety of followers, you even have to concentrate on the followers, are they actual or fictitious followers? It’s because currently many individuals are utilizing the providers of “shopping for and promoting” followers. If followers of influencers that you select fictitiously, after all, won’t affect your marketing technique.

Engagement Share

Engagement or the connection of an influencer with followers additionally must be thought of. An influencer is the mouthpiece of your model to shoppers and potential clients. To see how this relationship works, you possibly can see the comparability of the variety of likes and feedback on every influencer’s put up. If an influencer has multiple million followers however solely will get lower than 100 likes or solely 5 feedback, then it is advisable to query this.

Take note of Model Relevance

The third tip for selecting the best influencer is model relevance. How one can select influencers who’re engaged in the identical business? Simply take a look at the content material they add regularly, at the very least the final 7 days. For instance, your organization is engaged in halal make-up, so it is advisable to search for influencers who’re engaged in da’wah or at the very least put on a scarf or headband. Do not select influencers whose hair is dyed or mini-dressed, as a result in any other case it is much less related.

Owned Social Media Accounts

Subsequent, take note of the social media accounts of the influencers you select. Typically, individuals have greater than social media similar to Instagram, Fb, and Twitter. Then search for influencers who’ve affected many social media. As well as, you additionally have to create an acceptable marketing technique to convey the precise message from every influencer’s social media account. Its goal is to attain the desired goal market.

Verify Influencer Feed Historical past

Along with engagement, you additionally have to know what manufacturers have labored along with your potential influencers. That is necessary, in that manner you may make certain there aren’t any opponents from the model. You additionally want to concentrate on their private feeds as a result of too many personal feeds will be thought of as spam. So it will be significant that you simply verify the influencer feed’s historical past fastidiously.

Advantages of Utilizing Influencer Marketing and Advertising

After realizing about influencers and the way to decide on them, then it is advisable to know the advantages of influencer marketing. In that manner, you’ll perceive extra about influencers in your small business marketing technique. The advantages are similar:

Construct belief

One of the many advantages of utilizing influencers in marketing actions is that it may well construct client belief. The presence of content material shared by influencers makes your small business seem to have good credibility and worth through their testimonials. Then followers may have a brand new view of your product. In different phrases, shoppers can see the standard of your product by their idol. So that not directly, influencers additionally assist construct public belief in your model.

Outline goal market

Influencers have completely different social media platforms, so you may as well benefit from this benefit by creating completely different goal markets. Nonetheless, modify the kind of social media to your model’s goal market. In that manner, the marketing technique that has been made is correct for the supposed market share.

Get suggestions rapidly

One other advantage of influencers …

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Important Elements in Marketing, What Are?

Posted on By Rihanna

MarketingBusinesses or companies tend to exert more effort to market their products through various marketing elements. They design fancy logos, set up email marketing automation programs, and launch attractive websites. But without a strong product, efforts to build your business brand will be in vain.

It is often heard from several businesses that launch new products and end up failing. Why? The failure can be caused by the following factors:

  • Lack of understanding of market conditions.
  • Lack of understanding about customers.
  • Ineffective communication.
  • Ineffective product marketing strategy.

It’s important to focus on fixing those failures given the many parties involved and so much time and money you’ve invested in a new product in your business.

Of course, you don’t want to spend all your time and energy focused on building a business brand that ends up being wasted.

A successful product requires a successful product marketing strategy. That means you need to make sure your business products meet customer needs and satisfaction and position them in the right market.

Product

The first step to developing a Product Marketing Strategy is to make sure you have a strong product.

Before you even strategize, you need to make sure the product is made with your target customer in mind and whether it aligns with their needs.

People tend not to want to just buy things, but they want the things they buy to solve their problems.

So ask yourself what problem can your product solve for the customer.

How will the product make the customer’s life better? Answering these questions will help you determine the right message for your product marketing campaign.

The value embedded in your product is more important than the capabilities of the product itself. In other words, you should focus on the benefits of your product instead of its features.

Later, each feature must be developed for a purpose that will provide benefits for customers.

Customers

Just like products, you also need to focus on the customer or potential customer element of your business in planning a marketing strategy.

To do that, you have to understand them. Characteristics, traits, behaviors, and more are key to understanding customers.

Start by doing research and gathering any information about your intended target customers, such as:

  • Age
  • Gender
  • Marital status
  • Education
  • Profession
  • Hobby

Better yet, interview your customers. Arrange phone calls or meetings with customers and ask about their preferences for your product.

Listen to the way they speak and the language they use, this can help to shape the narrative of your Product Marketing Strategy later.

Any information that comes from customers can help in uncovering your customers’ preferences and the best way to market your products to them.

Once all the information is gathered, start building a buyer persona in the product you are going to market.

In your research, you may find some common patterns among customers.

These similarities can be grouped to help create a buyer persona or archetype of what your ideal customer looks like and how they behave.

Order

You certainly need to communicate with your customers. Because according to several research results related to product marketing, 57% of consumers feel confident when they are emotionally connected to a brand.

And of course, the emotional connection is built through the message you convey regarding the product you are marketing.

Your product message should be narrative. Because the narrative is the easiest way to get your customers connected to your product.

You can write articles on blogs and take advantage of the Search Engine Optimization (SEO) feature so that inspiring articles related to your business products can be found easily on the internet.

Marketing Team

Developing and promoting a product requires effort and teamwork in a team.

However, keeping multiple teams on the same track consistently is no easy task.

The product marketing team must be the bridge between sales, marketing, methods, and development.

With so many elements in a team working on a single project, it is easy to miscommunicate and disorganize which will derail the progress of your Product Marketing Strategy.

Make product plans and roadmaps so that all parties involved in the team can work in rhythm and synergize.

The product roadmap provides a summary of the entire product marketing plan and guides the team on what to do and the results at each step of the process.

Promotion

Having a solid product and a solid strategy is not the end of your job.

You can’t expect customers to flock to your product if they don’t know anything about your product.

Therefore, you need to convey the news through strategic promotion.

Your promotional plan should elaborate and deliver your product message to customers promptly.

If you’ve done your research and built your buyer persona, you should have no problem identifying your target customers.

Timing …

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Contribution Margin Benefits to Marketing Strategy

Posted on By Rihanna

Marketing StrategyMaybe you’ve heard the old saying: “Our sales volume goes up, but why don’t we make a profit?”. The main cause is most likely the ineffectiveness of the business’s marketing strategy and efforts. A business or company that experiences such a thing may not knowingly invest its money in a wasted marketing effort. But more to their ignorance of how to take advantage of effective marketing efforts. One way for your business marketing strategy or effort to be effective is to take advantage of the Contribution Margin.

Not only as a Financial Statement Analysis tool but the Contribution Margin concept can also be effectively used in business marketing strategies. By utilizing the Contribution Margin concept appropriately, you can be sure that this adage will not be experienced by your business.

Overview of Contribution Margin

The contribution Margin is the difference between the revenue you generate from sales and the variable costs of your business. And the difference is used as an indicator of your business’s ability to cover fixed costs.

Fixed costs are costs that the company pays to stay alive even if your company is carrying out production activities or not. While variable costs are costs that change depending on how much you sell your product. In particular, marketing costs can be included in the category of variable costs.

Contribution margin equals total revenue minus variable costs. So, if you made $5000 on sales and spent $1000 on variable costs to make it happen, your Contribution Margin would be $4,000.

This article focuses on how you can streamline your marketing costs, which include variable costs. Because marketing efficiency can be a determining factor in whether your company is in a “green” or “red” state.

How to Increase Your Business Contribution Margin?

Regarding the previous explanation, it is clear that a high Contribution Margin is a key to the success of marketing strategies and efforts. But how can you improve it?

The key is to identify which aspects are contributing and which are not in your business marketing strategy and efforts. Get rid of things that don’t contribute to your marketing strategy. And your Contribution Margin will increase.

For example, you are running an SEO (Search Engine Optimization ) marketing strategy. And you may be wasting 76% of your budget to produce articles with keywords that will not lead to your business sales.

Simply cut a percentage of your budget towards an SEO strategy and redirect articles created with more effective keywords. Then you can dramatically increase your Contribution Margin without increasing your marketing spend.

Once you know how to increase your marketing Contribution Margin to 5x or better, your marketing efforts will become the “growth engine” for your company.

While not every business can achieve great results, achieving a Contribution Margin of 5x makes sense for most marketing efforts. You only need time, effort, and precision.

Conclusion

There are many more ways to calculate Contribution Margin related to your marketing strategy and efforts. In this article, we only provide an overview and basic knowledge of how vital the Contribution Margin value is to a business marketing strategy. And finding the Contribution Margin value takes extra time and effort. But if you can do it, you can break the adage mentioned at the beginning of this article. And you will take your company or business to an amazing development.…

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