Technology
The 10 Best Small Business Budgeting Software for 2023
Published
6 months agoon
Managing a business means careful planning, from product development to budgeting finances. More so if you’re a small business. This is the reason you need a budgeting software made specifically for you. Here are ten of the best small business budgeting software to try out in 2023:
1. Google Sheets
Track and monitor your spending habits with Google Sheets. It is a favorite of many small business owners as you can use it completely free! It is flexible, robust, and has collaborative features that larger businesses can also appreciate. It has various templates and lets you link it to third-party applications to import your bank transactions automatically.
Google Sheets is free to use, all you need is to create a Gmail account. However, you can purchase Google Workspace if you need more features and larger storage space. It is an affordable option at just $12 per user per month.
2. Spendesk
Offering seven distinct budgeting solutions, Spendesk primarily provides debit and credit card services. They do this by partnering with an FDIC-insured state bank, making them seem more like a bank than a budgeting software. Its key features include integrated expenditure controls for tracking employee expenses and automated business cost expense approvals and payments.
Spendesk offers three subscription plans, Starter, Essentials, and Scale. You need to contact them directly for a quotation as the pricing is undisclosed on its website.
3. Xero
Working mainly as a cloud accounting software, Xero has built-in budgeting features that are useful for small businesses. It can help you generate and track budget and accounting reports. Xero can also manage fixed assets, which many budgeting and accounting software lack.
This small business budgeting software has three subscription plans. Its pricing ranges from $25 and can go up to $54 per month. Each plan lets you get add-ons depending on the features you need. You can get its 30-day free trial to see if it would be an excellent fit for your business.
4. Freshbooks
Create and view estimates and manage your budget easily with Freshbooks. Not only will it help you with budgeting, but it will also help you track income statements, expenses, balance sheets, and other financial statements. Its efficient expense tracking system lets you create and view estimates and manage your budget.
One of the more affordable budgeting apps, Freshbooks, can cost you $4.50 per month for its Lite plan. The other two plans, the Plus and Premium, cost $9 and $16.50, respectively.
5. QuickBooks
Cloud accounting software Quickbooks is one of the most popular budgeting software for accountants the world over. It is filled with useful features such as expense tracking, budget planning, and custom reporting, among many others. Simply put, it is an all-in-one budgeting and accounting app.
Quickbooks offers a free 30-day trial, but if you want to go ahead and use it, you can choose from its three cost-effective plans. Pricing starts at $5.10 up to $10.80 per month.
6. Tiller
If Google Sheets seem to be wanting, Tiller is your next best option. Once you enter your business information, such as bank accounts, credit cards, and investment accounts, Tiller will input them directly on a Google Sheet or Microsoft Excel file. You can then create your own spreadsheet to organize your budget and expenses.
Like most small business budgeting apps on this list, Tiller offers a free trial good for 30 days. Should you decide to use it, it will cost you just $79 per year, with no hidden costs, and is ads-free.
7. GnuCash
It’s only natural for small business owners to gravitate towards GnuCash. Not only is it entirely free to use, but it also offers a wide range of solutions, such as budgeting, financial statements, and accounting tools. It is powerful albeit its unappealing user interface.
GnuCash is developed, maintained, and updated by volunteers, which is why it is open-source. Thus, tracking bank accounts, income, stocks, and expenses is free for everyone, whatever business size you have. If aesthetics aren’t a priority, this is the app for you.
8. Relay
A business banking platform, Relay is a budgeting software with small businesses in mind. It allows you to create up to 20 free, no-fee checking accounts to help you organize your money into different categories. It gives you a glimpse of how much money you have in every expense category, among many other helpful features.
Relay offers two pricing plans that will suit any type and size of business. It has a free plan and the Relay Pro that will cost you $30 per business per month. Check out each to know what would suit your small business the best.
9. Budgeto
For small businesses that want to create annual budgets and financial projections, generate reports, and manage cash flow, Budgeto is a great option. The software will automatically perform all the necessary calculations when you fill out forms with your business information in the app.
Budgeto has four different plans with pricing that starts at $25 and can go up to $45 per month. It also has a 14-day free trial if you want to try it out before committing to a paid plan.
10. PlanGuru
If you’re looking for forecasting and strategic planning aside from budgeting capabilities, PlanGuru is the software you need. Its primary features include cash flow estimates, debt modeling, and financial ratios, which allow you to plan a budget a decade in advance effortlessly.
PlanGuru can be used as an app or on its website. Either way, the pricing plans cost a minimum of $99 per user per month and a maximum of $899 per year. You will need to pay extra fees for any additional user you will include.
Final Thoughts
Small business owners have a lot on their plate, and having software to make business management easier is always welcome. This list of budgeting software is explicitly designed with limited budgets in mind. They have already been filtered, and it’s up to you to choose the most suitable for your company.
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You’re missing out if you’re not using video content to promote your business. After all, posting content in a video format is a gold mine—especially when it goes viral. You’re essentially getting free marketing for such a small investment. Whether you’re a small business owner or a one-person enterprise, we have just the information you need. Video editing tools can also have a huge learning curve, so we’ve made sure to add options for every learner. Now, find the best video marketing platform for you.
1. Vimeo
When it comes to video platforms, there’s no beating Vimeo. The tool provides an end-to-end service that lets you create and publish videos all from their single platform. The UI of the platform is also tailored for beginners, so you won’t have to worry about a steep learning curve.
The best part about Vimeo is that you can learn how to edit and create marketing videos, even with their free plan. Aside from this, it also has basic analytical tools so you can see who is watching your videos and where it’s most watched.
These essential yet vital features can significantly strengthen your video marketing strategies.
2. wave.video
Without a doubt, wave.video is one of the best platforms for video marketing. Besides allowing users to create videos, it has a built-in social calendar to curate individual feeds.
With this software, you can also get free video templates and basic video editing features. Upgrade to their Business plan, and you can access up to 100 million royalty-free video clips and images, SEO tools, and custom domains.
3. Wistia
On the other hand, if your primary social media strategy is to grow, Wistia is the best option for you. They have many marketing features that are great for lead-generation initiatives. They have a Turnstiles feature where viewers get asked for their email addresses to continue watching a video.
In terms of video marketing analytics and reporting, Wistia has some basic but highly visual tools to help you with your online marketing. Plus, they have a heat map feature to inform you where your top viewers are.
4. Powtoon
Next, we have Powtoon. Powtoon is a beginner-friendly platform that is best for people who don’t know what kind of video they want yet. Intuitive is the best word to describe this software.
Along with that, you also get templates and stock footage libraries on the platform, so you can breeze through the video creation process. Apart from that, creators can also natively upload to Youtube. Powtoon doesn’t have a strong analytics feature as the other tools, but it’s a solid tool for beginners.
5. Vyond
If you’re looking to create animated videos, then Vyond is for you. It’s used mainly by teachers in the educational sector, but it’s also highly recommended for content marketers. After all, the videos you create with Vyond are quick, easy, and highly engaging for audiences.
Vyond makes it easier for users to create short animation videos. For one, it has an extensive library of characters and elements. Plus, you get tons of options for music tracks and sound effects. And finally, you can easily drag and drop elements to your video for ease of use.
6. Filmora
Don’t have solid editing skills but want to edit videos anyway? Meet Filmora – your new best friend. It’s great for people who need edited videos immediately. With their innovative features, you won’t have to go through a high learning curve to create high-quality videos.
Specifically, they offer functionalities to color-correct, mix audio, and add subtitles. Here, you get color grading presets, noise removal and audio support, and even on-screen text editing.
7. Vocal Video
Meanwhile, Vocal Video is our top pick for creating interview-based videos. Need promotional videos of your services from trusted clients and influencers? Vocal Video has specific features that can let you do just that.
Simply write down a list of questions you have from your ambassador, then send them a link to an interview. Wait for them to go through the questions, and you can edit the video as you wish. Optimize your video for SEO, add subtitles, and even music.
8. Vidgeos
Need a global video marketing platform for your global audience? We got you. Vidgeos is a content creation app with some powerful marketing features. We recommend this tool to businesses in affiliate marketing and email marketing niches.
Here, you can do live videos and edit them in real-time. You can also add interactive buttons for CTA and email opt-in forms. The most unique and powerful feature of Vidgeos, though, is it has an auto-translate feature.
9. Wideo
Next, if you want an online video marketing platform with tons of free templates, Wideo is for you. Like Vyond, Wideo specifically specializes in creating animated videos. Because of this, we recommend this tool for creating explainer videos and animated presentations.
Regarding features, Wideo has a pretty capable set of tools to help you execute your vision. For one, they have custom templates, a drag-and-drop interface, and embedding features. Plus, they also have free text-to-speech software that makes transcribing easier.
10. Vidyard
Finally, we have Vidyard. This video portal software offers powerful marketing tools to help you get leads, grow your business following, and run campaigns. For one, this software has a built-in CRM tool for companies to monitor data and trend analytics. Apart from that, it has all the basic video editing and creation features.
Vidyard stands out because you can customize and manage your campaigns per location to target your audience.
With such a visual generation, videos can help you convey tons of information easily. Product demos, client reviews, and even corporate content all translate well in the video format. To choose the perfect video marketing platform, weigh your needs and check the features thoroughly of every tool.
The platforms discussed in this article offer a range of features and benefits that can help businesses of all sizes and industries create and distribute high-quality video content. From video portal software like Vidyard to specialized video marketing tools like Wistia and Vimeo, there is a platform to suit every need and budget.
Business
Instagram Shopping: A Complete Guide to Boosting Your E-Commerce Sales
Published
2 months agoon
April 18, 2023The e-commerce industry is projected to grow by 10.4% this year and more in the coming years. This is a positive outlook for entrepreneurs and a sign to ramp up marketing strategies. If you’re looking to add another platform to use, you should try Instagram shopping. Here’s what you should know:
What is Instagram Shopping?
A powerful e-commerce tool, Instagram Shopping allows businesses to sell their products and services directly inside the Instagram app. You can create a digital storefront using your brand’s Instagram profile. It lets you list items for sale with descriptions, prices, and links to purchase.
This gives businesses the chance to be in front of more than 1.21 billion active Instagram users. They can discover your brand and buy from you without ever having to leave the platform. You can also use Instagram’s tools that can help you optimize your strategies, track and monitor your performance, and offer discounts and promos.
How to Set Up Your Instagram Shopping?
Follow these simple steps to set up Instagram Shopping for your business:
- Make sure that your business meets Instagram’s eligibility by clicking on this link. The platform has set certain requirements that your business should comply with to be able to start selling.
- Create a business account. If you haven’t done so yet, you need to create an Instagram business account. After which, you need to connect it to your Facebook business page.
- Set up your Facebook Catalog. You can create a Facebook Catalog using Facebook Business Manager or an e-commerce platform supporting Facebook integration.
- Link your catalog to your Instagram Business Account. Once you’ve created a Facebook Catalog, you can link it to your Instagram Business Account by visiting the “Shopping” section of your Instagram profile settings and following the on-screen instructions.
- Add your product tags. After linking the accounts, you can start adding product tags to your stories and posts. Once done, users can begin to click on your items and view details about them.
- Submit your account for review. After adding the tags, submit your account for review. The platform will check if you are eligible and that you meet the standards they have set.
- Once approved, you can start selling. Once your account has been approved, you may use Instagram Shopping to sell your goods within the app. Keep in mind recommended practices for refining your approach, such as producing aesthetically engaging material and monitoring results with Instagram analytics.
How to Create an Effective Instagram Shopping Strategy
Although the number of Instagram users is high, not everyone is on it. This is one of the many reasons your business should not be on all social media platforms. The first thing you should do is understand your audience if you haven’t already. Once you know who they are and what platform they mostly go to, you can start your Instagram Shopping journey by doing these:
- Choose the right products to showcase. Ensure that your products and services are relevant to your target market.
- Create visually appealing Instagram content. Visual content draws people in, so make sure to craft your best.
- Leverage Instagram features to boost your brand. Take advantage of Reels, Stories, and IGTV to showcase your offerings.
- Collaborate with Instagram influencers aligned with your brand identity. This will help you reach a broader audience and increase your brand’s visibility.
- Monitor and track your performance via Instagram insights. This way, you’ll know which strategies you should keep and improve and which ones you should ditch.
Remember to regularly analyze and refine your strategies based on your audience’s feedback and the data gathered from the insights.
How to Maximize Sales Through Instagram Shopping
Having an Instagram Shopping account does not end there. You also need to come up with ideas to boost your e-commerce store. Below are a few tips that can help you do this:
Optimize
Ensure that the products you list are optimized. You can do this by carefully checking the descriptions and ensuring they’re accurate. Use high-quality images that can help make your products more enticing than the competitors’.
Strategize with Product Tags
Offer the utmost convenience by adding product tags to your stories and reels. This will make it simple for customers to find and buy your items. Use creative and strategic product tagging to advertise new arrivals or highlight your best-selling items.
Leverage User-Generated Content
Ask your followers to share their experiences with your brand. Whether these are photos or videos, these will be excellent social proof that can entice more customers to try your brand.
Offer Discounts and Promos
Offer special discounts, promos, or early-bird access to attract potential customers and drive sales.
Use Instagram Ads
To reach an even wider audience, why not try Instagram Ads? You can use strategic targeting to place you where your target audience is.
Form Business Partnerships
Find Instagram businesses that complement your brand and work with them for collaborations. This way, you can reach more quickly and easily and show your products to more users.
Instagram Shopping Best Practices
Here are some best practices that can help you improve your brand’s Instagram Shopping journey:
- Use high-quality visuals. Crisp and clear images are vital to making your products more appealing.
- Be consistent with your branding. Keep one branding identity throughout your digital presence.
- Continually update your product listings. This will help avoid confusion, whether in pricing or other relevant information.
- Optimize your product descriptions. Write concise descriptions that help customers understand them better.
- Engage with your audience. Respond to comments and messages at every chance you can get to build a connection with your audience.
- Track your performance. This will help you gauge your strategies and determine what you need to do or don’t do.
Final Thoughts
Instagram Shopping is a great way to increase sales and establish your brand. While it may seem difficult at first, know that this is an excellent platform. Thanks to its broad reach and popularity.
Business
10 Personalized Video Marketing Campaigns that Drive Engagement
Published
2 months agoon
April 10, 2023Video content is growing its popularity and seems to show no signs of ever going down. Marketers have reported a 92% positive ROI, thanks to videos, the exact reason you should be doing it, too. And to get the most out of this strategy, you must check out personalized video marketing. Here are a few excellent examples to inspire you:
1. Coca-Cola’s “Share a Coke” Campaign
Launched in 2013 and 2014, Coca-Cola’s “Share a Coke” campaign is a highly successful personalized marketing campaign that started in Australia in 2011. It has since been launched in over 100 countries worldwide. Popular names were printed on Coca-Cola bottles, and invited customers to share pictures of themselves with the products on social media using the hashtag #ShareACoke.
Coca-Cola also created personalized videos with people’s names, encouraging them to share them with friends and family. The campaign was hugely successful, with a reported 2.5%
increase in sales volume in the US in the year following the campaign’s launch.
Image Source: The Coca-Cola Co.
2. Cadbury Glow
Launched in India to promote their premium chocolate brand “Cadbury Glow,” Cadbury released a campaign of the same name centered around the idea of “glowing from within.” It featured personalized video messages for customers with their names and unique flavors. It was promoted heavily on social media, with customers encouraged to share their customized videos with friends and family.
The campaign was successful in engaging customers and generating buzz around the brand. Cadbury reported a 70% increase in sales during the campaign period. The personalized videos had a more intimate and personal feel, and the idea of “glowing from within” resonated with customers.
Image Source: Cadbury Singapore
3. McDonald’s “My Burger” Campaign
A personalized marketing campaign launched in the UK, the McDonald’s “My Burger” campaign, allowed customers to create their burgers. Customers could use a digital platform to select their preferred burger ingredients, such as the type of bun, meat, cheese, and toppings.
Once the customer had designed their burger, they received a personalized video showcasing
their creation, which they could share on social media. The campaign successfully engaged customers and promoted the company’s menu options, with McDonald’s reporting a 9% increase in sales during the campaign period.
Image Source: McDonald’s UK
4. BMW’s “Ultimate Driver” Campaign
Another excellent personalized video marketing example to learn from is BMW’s “Ultimate Driver” campaign. They asked customers to create customized videos showcasing their driving skills. The campaign was launched in the US, encouraging customers to film themselves driving their BMW and upload the footage to a dedicated website.
BMW then created personalized videos for each participant, showcasing their driving skills and highlighting the features of their BMW model. The campaign was successful in engaging customers and promoting the company’s brand values, with BMW reporting a 7.4% increase in sales during the campaign period.
Image Source: BMW USA
5. Nike’s “Choose Your Winter” Campaign
Launched in 2014 and aimed to promote Nike’s winter sports gear, Nike’s “Choose Your Winter” campaign centered on customization and personalization. It involved customers being able to create their own unique winter sports experience. It included a digital platform where customers could create their “Choose Your Winter” video by selecting their preferred winter sports gear, location, and activities.
The videos were then personalized with the customer’s name and shared on social media using the hashtag #ChooseYourWinter. The campaign was successful in engaging customers and promoting the brand’s winter sports gear, with Nike reporting a 10% increase in sales during the campaign period.
Image Source: Ross Coscia
6. Facebook Faceversary Personalized Video
Launched to celebrate its users’ anniversary of joining the social media platform, the Facebook Faceversary Personalized Video campaign was one for the books. It featured a slideshow of the user’s most popular photos and posts, set to music and personalized with their name and profile picture.
The campaign was launched in 2017 to celebrate Facebook’s 13th anniversary and was well-received by users. The personalized videos were shared on users’ Facebook timelines, encouraging them to share the video. The campaign successfully engages users, promotes the Facebook brand, and reinforces users’ emotional connection to the platform by showcasing their memories and experiences.
Image Source: Cassie Edwards
7.Barclay’s Personalised Lending Video
London-based Barclay released their Personalised Lending Video to promote their loan offerings. It involved creating personalized videos for customers interested in personal loans, which were emailed to them. The videos featured a representative addressing the customer by name and discussing the benefits of a personal loan tailored to their needs.
The campaign increased customer engagement and loan applications, with customers reporting a positive experience and appreciation for the personalized approach. The personalized videos helped make the loan application process more human and approachable, which helped to increase customer trust and loyalty to the Barclays brand.
Image Source: RAPP
8. L’Oreal’s “Makeup Genius” App Video
An augmented reality mobile application, L’Oreal’s “Makeup Genius” allows users to virtually try on different makeup looks in real time. It was promoted through a video campaign showcasing its features and benefits, including its ability to create personalized makeup looks and its convenience in allowing users to try makeup virtually.
The personalized video marketing campaign targeted a wide range of users. It successfully generated buzz and interest in the app, increasing downloads and usage and brand awareness and loyalty for L’Oreal. The campaign demonstrated the power of video in promoting a new product and showcasing its technological innovation.
Image Source: McCann Paris
9. Doritos AR Quest
A digital campaign by Doritos, the Doritos Ar Quest video uses augmented reality to engage its audience and promote the brand. It involved a mobile app that allowed users to participate in an interactive treasure hunt to find virtual Doritos in the real world. The campaign successfully generated buzz, increased app downloads and usage, and raised brand awareness and loyalty for Doritos.
The campaign demonstrated the power of AR and video uniquely and innovatively. It created an immersive and interactive experience that combined the real and virtual worlds. It captured the audience’s interest, providing a memorable experience that resonated with them.
Image Source: Doritos Nederland
10. Heinz’s “Irresistible Posts” Campaign
The “Irresistible Posts” campaign released by Heinz involved using social listening to identify people who posted about cravings for certain foods, then surprising them with personalized videos featuring recipes made with Heinz products to satisfy their desires.
The videos were tailored to each individual’s taste preferences and featured their name and social media handle, making the campaign highly personalized and engaging. The campaign was successful in generating buzz and positive sentiment for Heinz. It showcased the power of personalized video in connecting with audiences and driving brand awareness.
Image Source: Campaigns of the world
Conclusion
Personalized video marketing campaigns showcase the power of personalization in driving engagement and building brand loyalty. When you tailor content to viewers’ individual interests and preferences, you can capture attention, generate buzz, and foster deeper connections with your audience.
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