You have questions, we have answers.
We try to answer our most common questions here and if there is something you need help with just reach out and we'd be happy to help out.
Frequently Asked Questions
Virtual Assistants
What is a virtual assistant and how can it help me?
A virtual assistant is an online service provider that helps you manage various tasks, such as scheduling appointments, organizing data, and communicating with clients. It can save you time and allow you to focus on more important aspects of your business
How do I ensure the quality of work from my virtual assistant?
Setting clear expectations and providing detailed feedback can help you ensure that the work done by your virtual assistant meets your standards. It is also important to have a good communication flow to avoid any misunderstandings.
How do I ensure that my virtual assistant understands my business needs?
It is important to communicate clearly and provide detailed instructions to your virtual assistant. Regular check-ins and feedback sessions can help you both stay on the same page.
What tasks can I assign to a virtual assistant?
Virtual assistants can help with various tasks such as bookkeeping, social media management, email management, research, and data entry. You can also assign them more specialized tasks depending on their skills and experience.
Business Credit
What is Business Credit?
Business credit refers to the creditworthiness of a business. It is a measure of the ability of a business to borrow money, pay back loans, and meet its financial obligations.
How is business credit different from personal credit?
Business credit is based on the creditworthiness of a business, while personal credit is based on the creditworthiness of an individual. Business credit is separate from personal credit, and lenders use different criteria to evaluate the creditworthiness of a business.
How is business credit scored?
Business credit scores are typically calculated by credit reporting agencies, such as Dun & Bradstreet and Experian. The scores are based on factors such as payment history, credit utilization, length of credit history, and business size.
Why is business credit important?
Business credit is important because it can affect your ability to borrow money, obtain financing, and access business resources. A strong business credit profile can help you secure lower interest rates, favorable loan terms, and better financing options.
Business Funding
What types of businesses are eligible for business loans?
Small businesses, startups, and established companies are all eligible for business loans.
How much can I borrow for my business?
The amount you can borrow for your business depends on a number of factors, including your credit score, business revenue, and the lender's lending criteria.
What are the interest rates on business loans?
The interest rates on business loans vary depending on the lender, the loan amount, and the borrower's creditworthiness.
What documents do I need to apply for a business loan?
Generally, you will need to provide your business plan, financial statements, tax returns, and other documents that demonstrate your ability to repay the loan.
How long does it take to get approved for a business loan?
The time it takes to get approved for a business loan varies depending on the lender and the amount of information you provide in your application.
What are the repayment terms for business loans?
The repayment terms for business loans vary depending on the lender and the loan amount. Some lenders offer flexible repayment terms, while others require fixed payments over a set period of time.
Can I use a business loan to pay for anything?
You can use a business loan to pay for a variety of business expenses, including inventory, equipment, payroll, and marketing
What happens if I can't repay my business loan?
If you are unable to repay your business loan, you may face penalties, interest charges, and damage to your credit score. In some cases, the lender may also take legal action to collect the debt.
Merchant Services
What are merchant services?
Merchant services are financial services provided to businesses to allow them to accept debit and credit card payments from customers.
What is the cost of merchant services?
The cost of merchant services varies depending on the provider, type of service, and the volume of transactions processed. The fees can include transaction fees, monthly fees, and setup fees.
How long does it take to set up merchant services?
The setup time for merchant services can vary depending on the provider and the complexity of the business. It can take anywhere from a few days to a few weeks.
What types of businesses can benefit from merchant services?
Any business that accepts debit and credit card payments can benefit from merchant services, including retail stores, restaurants, online businesses, and service providers.
How secure are merchant services?
Merchant services are highly secure and use encryption to protect customer data. The providers are also required to comply with strict security regulations.
How secure are merchant services?
Merchant services are highly secure and use encryption to protect customer data. The providers are also required to comply with strict security regulations.
What happens if there is a dispute or chargeback?
Merchant service providers offer dispute resolution services to help resolve any issues that arise. In the case of a chargeback, the provider will work with the merchant to investigate the claim and take appropriate action.
Can I accept payments from international customers with merchant services?
Yes, many merchant service providers offer international payment processing, allowing businesses to accept payments from customers around the world.
Partner Programs
What is your Affiliate Program?
An affiliate program is a marketing strategy where individuals or businesses promote a company's products or services in exchange for a commission on sales generated through their unique referral link.
What is your Partner Program?
A partner program is a marketing strategy where individuals or businesses promote a company's products or services on their website in exchange for a commission on sales generated through referrals sent to us via our partner portal.
What is your VIP Partner Program?
A VIP partner program is us working closely to launch a new white labeled brand to promote our businesses solutions to a focused audience where you are a trusted and valued contributor. We build a custom website, CRM and marketing strategy and we handle all the back end operations.
How do I become a Partner of MB305?
To become a partner for our website, simply submit the completed application program by filling out the registration form on our partner page. Once you are approved, you will receive a unique referral link to use when promoting our products.
Who should apply to partner with MB305?
Anyone with a strong network and a passion for our business solutions can apply to become an affiliate. Whether you're a blogger, social media influencer, or business consultant, our affiliate program can help you earn commissions by referring new customers to our products and services.
Is there a cost to partner with MB305?
There is no cost to partner with us and in fact we're even open to partnering with you on a joint marketing campaign.
Do I need to be a MB305 client?
Heck no, but we think we're pretty great at helping businesses grow and we'd love to help you with yours.
How much commission can I earn as a partner?
Our commission rate varies depending on the program your accepted into as well as the product or service being sold. However, we offer competitive commission rates and you will be able to see the commission rate for each product in your affiliate dashboard.
How often are commissions paid out?
We pay our affiliates on a monthly basis for all commissions earned in the previous month. Payments are made via PayPal or direct deposit, depending on your preference.
How do I keep track of my referrals, sales and commissions?
You can track your sales and commissions in real-time through your affiliate dashboard. The dashboard will show you detailed reports on the number of clicks, leads, and sales generated through your referral link.
Can I promote your services through paid marketing?
Yes, you are allowed to promote our products through paid advertising methods such as Google Adwords or Facebook Ads. However, please make sure to comply with our advertising guidelines and policies.
Are there any restrictions on who can become a partner?
We welcome affiliates from all over the world, as long as they comply with our affiliate terms and conditions. However, we reserve the right to reject any application or terminate an affiliate's account if they violate our policies.
Can I promote your services through paid marketing?
Yes, we provide a variety of marketing materials such as banners, email templates, and social media posts that you can use to promote our products. You can access these materials in your affiliate dashboard.
How do I get my application approved?
We are looking for the right partners and when you give us as much information as possible we are able to come to a decision in a timely fashion.