Showing posts with label Entrepreneur. Show all posts
Showing posts with label Entrepreneur. Show all posts

Tuesday, 25 February 2020

Here Are 4 Reasons You Are in Sales and it’s a Good Thing!


No matter what your job title is, you're in sales. And even though nobody likes the idea of being "sold," everyone does it. Here are four tips to help you embrace your inner salesperson. 


A firefighter, a professor, a computer repair technician and a lawyer are having dinner together. Which one is the salesperson?

None, right? One is in the business of saving lives; another teaches; one fixes stuff; and the last one keeps people out of jail.

They’re not in sales. Or are they?

The fact is that every job is a sales job. Even yours.

What do you think the firefighter is doing when he visits an elementary school classroom to talk about the dangers of playing with matches or setting off fireworks? He’s selling children on staying safe.

What skills does the professor use when she tries to convince her students to power down their phones and take notes during her lectures? Sales skills.

If a computer tech does a good job and treats his clients—who usually come to him in distress—with kindness and patience, will those customers choose him again next time they need service? If so, he’s made a sale.

And the lawyer spends all day selling juries on finding her clients “not guilty” and judges on ruling in their favor.

No matter what kind of job you can think of, it’s got a sales component, at least unofficially.

That means your job is, in part, a sales job.

If you’re like most people who haven’t chosen sales as a career, your reaction is probably something like, “Ick.”

Sales does have a bad reputation. But the fact is that we are surrounded by salespeople who are ethical and honest. Most salespeople do not practice the dishonest, manipulative, pushy brand of sales that created that bad rep.

You don’t have to sell that way when you make those unofficial sales at work that you inevitably make, even though your job title doesn’t say anything about “sales.”

Most of today’s sales professionals practice “consultative” sales. That means they try to sell only what their clients need. They look for products and services that will solve a problem for the client or make the client happy.

They don’t pressure or trick or lie to their clients. They figure out how they can get what they want—the sale—while giving the client what he or she wants and needs.


They know that nobody likes to be sold. But they also know that everybody likes to buy. So they figure out what each person they meet really wants to buy. That’s what they sell.

For people who aren’t sales professionals—but have lots of opportunities to make unofficial sales at work—the same strategy can work.

But going from a mindset of “ick” to one that embraces selling as the most-effective way to get a raise, a promotion, a thumbs-up for your business on social media or another contract from someone you already work with might not be easy.

So ease into it. Here are four points that could help you embrace your inner salesperson:

1. Realize that you already know how to sell. 


Child completing maths homework
In fact, you’ve known how since you were a kid. Children seem to innately understand how to get what they want from their parents. They figure out at a young age that being nice and helpful—not demanding and stomping their feet—will get them that special toy or a later bedtime. They also know that they need to ask for what they want, because Mom and Dad aren’t going to volunteer it. Those strategies can still work for you. Follow the Golden Rule when you ask for anything: Treat people as you would like them to treat you. Be kind. Don’t push. Ask nicely.

2. Not only do you already know how to sell, you already do it every day. 


Every time you encourage your child to pick up his toys, your partner to pick up the dry cleaning or a co-worker to pick up the slack, you’re selling. Every time they do what you asked, you’ve made a “sale.” It doesn’t matter that the transaction did not involve money.

3. Think of selling as a way to help people.

 Everybody wants something. Once you identify the person who can help you get what you want, figure out not how you can “sell” that person, but what you have that can help that person. A professional who sells gutter shields, for example, has a product that can solve a huge problem for a homeowner with clogged gutters. A non-salesperson who asks the boss for a big raise can offer to take on more responsibility in exchange for more money. A sale—official or unofficial—should create a win for the “seller” and a win for the “buyer” so both of you get what you need.

4. You could be a superstar at work if you bring in business, even though that’s not your official job. Opportunities to do that are everywhere:

Whenever you work with clients, find out what else they need. Ask what else you can do to help. Then, figure out if your company has a product or service that would fill that need, and offer it.
Before you say “goodbye” to a client after a satisfying work experience, ask that customer to refer your company to friends and colleagues, and to write a positive social media review.
Be a walking commercial for your company, on and off the job. Employees who tell positive stories about their workplace spread goodwill not only for the business but for themselves. The people who notice your pride in your company are more likely to contact you when they need its services than those who observe an employee bad-mouthing the boss.

Making a “sale” can and should be a positive experience for both you and the person you’re “selling.” There’s really nothing “icky” at all about trying to strike a deal that benefits everyone involved.

Original Source: https://www.businessknowhow.com/marketing/everyone-sells.htm

Have a great day!  😃

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Monday, 24 February 2020

How to Buy a Business to Expand Your Current Business




When you buy a business that's related to your own, it can fast-track your business expansion. But buying a business doesn't come without risks and challenges. 

Are you a small business owner considering ways to expand your business? Chances are, you’re already looking into obvious paths to growth, such as more and better lead generation, more networking, providing incentives to current customers for referrals, and all of the other growth hacks that you read about in how-to articles on the Internet.


But, there’s another path to business expansion that’s less talked about: buy a business that’s related to the one you already own. Doing so is arguably easier, and much faster than traveling down the road of traditional growth. It comes with risks but I found it to be my preferred path to expansion. Below is what I’ve learned after going through this process a few times in my own business. I hope hit helps you take the first few steps towards expansion.

How to Buy a Business – A Step-by-Step Playbook


Let’s not fool ourselves. Acquiring another business isn’t as easy as getting on some website that lists businesses for sale, picking a business you want to buy, and clicking the “buy now” button. The process is slightly different in each situation but here’s a sample playbook:
Laptop glasses notebook desk
1.Research- Figure out what people are paying for a business in your industry and your region. It’s different for each business type. There are a lot of articles on valuing a business so let’s not dive into that here. Once you figure that out, decide if you can afford the financial risk of buying a business.

2.Save Up- Don’t waste your time or the prospective seller’s time by having conversations before you know how you will pay for the business. This may be through a loan, cash, royalty payments or often a combination of numerous ways. Get this squared away before going much further.
five person by table watching turned on white iMac
3.Identify- Find a business that could be a possible fit with your current business. In most cases, what you will be looking to buy is a business you can absorb into your current business. You’re not looking to try and operate separate businesses. There are websites that list businesses for sale. You could look there as well.
4. Approach- Start a conversation with the owner. Sometimes they’re looking to sell and sometimes they’ll entertain the idea of selling if they know you’re serious. Don’t only look for “For Sale” signs. Approach owners that haven’t thought of selling as well. If the business is selling through a broker, you would start conversations with the broker.
5. Due Diligence- We’re now into the section where you may need to call in experts. Due diligence involves combing through the entire business including financials, examining the location, talking to employees, talking to customers, and analyzing the market. You will likely need an accountant to look over the books, an attorney to examine the contracts the business is under, and other experts as things come up that are outside of your expertise. Most important, don’t be afraid to walk away. If the due diligence process makes you feel uneasy about acquiring the business, walk away. There will be other opportunities that come along.

two men in suit sitting on sofa6. Make an Offer- If you like what you see, it’s time to make an offer to purchase the company. You already figured out your personal finances and budget so start the negotiation process. Almost all business owners believe their business is worth more than it actually is. That’s a hurdle that can be hard to overcome but stay disciplined. You know what your due diligence told you. Hopefully the deal works out. If not, you’ll be starting this process again with another business before you know it.



7. Assimilation- Assuming you bought a business that is in the same industry as your own, you will likely absorb it into your own. This makes accounting, HR, and general management much easier. Most local small businesses don’t have the brand recognition that would make you want to keep it under its old name but don’t rule out that possibility.

8. Weed Out- Businesses don’t grow when they try to be all things to all people. Know your mission, know who you service, how you service, what you charge, and your geographic boundaries. For any current customers that don’t fit into this, refer them to somebody else. Serving customers outside of who you are might be attractive from a money standpoint, but they take too many resources. Do the same with employees. If they don’t fit into the mission of your business, they probably need to be let go. Please, treat them well. Offer them a severance package so they have money coming in while they look for another job.

Pro Tips

Although the process laid out above appears very scripted, objective, and straightforward, the reality is that buying a business comes with a lot of emotion. You’re purchasing something that’s very personal to the owner. The owner may try and hold on tightly, they might be mad when you question why parts of the their business aren’t running as well as they should, they might be in denial as to the state of their business, and they might be worried that you won’t treat their employees well once you purchase. Put on your patience hat. If you’re truly interested in buying the business, some coddling of the owner will be necessary. Always remember that you would likely be the same way if you were selling something that took you years to build.



people sitting near window having conversationsNext, if you’re purchasing a business for the first time, look for the one or two-person operation that isn’t so much a business. Many people get into an industry but find they can’t grow enough to really make it a long-term career. In this case, you’re simply buying their customers. This is a much easier process than buying an established business with complicated financials. Related, look for somebody who is close to retirement who built a heathy side hustle.

Again, you’re buying the customers versus buying a thriving business that can stand alone outside of the owner. The “business” that isn’t actually a business is a prime target for acquisition.

Finally, know the attrition rate in your industry. Any time you purchase a business you will lose some percentage of the customers. They might see you as the bad guy who bought out their best friend or they may use this as a time to re-evaluate their vendors. You can find attrition rates for every industry. Look for trade organizations you can reach out to. When you make your offer, valuation should be based on some multiple of revenue minus the expected attrition rate.

Bottom Line

Finding new customers is a long, hard, frustrating, and expensive experience. You may have to hire a sales team, create media for advertising, and comb through the Internet looking for possible leads. Purchasing an existing business takes care of all of that headache and brings you a lot more business very rapidly.
But don’t be fooled. Purchasing a business comes with risks and your current business must be prepared for the influx of new customers. The last thing you want is to bring more customers through the door but lose them because you weren’t prepared to service them well.



Original Source: https://www.businessknowhow.com/money/how-to-buy-business.htm

Have a great day!  😃

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Sunday, 2 February 2020

A Good Trick That Helps Attract Customers To Your Products

By aheadWorks

With so much competition in today’s constantly growing business world, you should try your best to catch your customers’ attention. If you want to be successful, you’ll have to restlessly look for the new ways to attract your customers to your business. So when we talk about getting customers’ attention, we talk about a process that never ends. Additionally, it is even harder to keep customers, anyway.


person-preparing-to-pay-for-items-bought-online


Taking in consideration your type of business and your goals, you may find a way or two that work best for you. However, if your primary task is to get a customer’s attention for any specific, special or time sensitive products, you can rely on the efficiency of the pop-up. When an unaware client visits your online store, the pop-up is a great tool for setting this visitor’s eyes to a number of goods. The Pop-up+ module brings you an opportunity to inform your clients about all important events by various features of a popup window.

Let’s have a look at your business needs. Do you have a sale for certain period? Or maybe you have a brand new merchandize coming? Or, perhaps, you’d like to promote a newsletter or an event? No matter your reasons are, the Pop-Up + extension is a great solution for your online business.


person-reading-book-during-daytime


If you pursue these goals, you can attach this module to your Magento store. With the help of this extension, you can easily include this type of advertisement to your site. Forget about hiring a programmer with a high level of web programming knowledge. Instead, all you have to do is fill a simple form with the information you need. You can use any text, pictures and colors you wish. You can also adjust the size of your pop-up and set the time of this pop-up’s display duration.

The pop-ups can be placed on your home page, product page, CMS, checkout and customer account pages. With the Pop-up module you’ll reach the wide group of your visitors with no problem. If you aspire to catch your customers’ attention, it is crucial to do your best to let them know about news, promotions, merchandize in an attractive and catchy way that is impossible to pass by.

Using the Pop-Up + extension you’ll don’t have to worry about your products’ display - with the help of this module you’ll be sure that your promotional information is available to your clients as quick as thought.

Original Source: http://www.streetarticles.com/ecommerce/a-good-trick-that-helps-attract-customers-to-your-products

Have a great day!  😃

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Saturday, 21 December 2019

Monday, 9 December 2019

Checkpoints to Convert Your Web Site into a Marketplace?

by Jijitia Juby

When it comes to the online shopping world, eBay and Amazon seem to be the most reliable eCommerce marketplaces with millions of products and brands out on sale. eBay, Alibaba, Amazon, and other such marketplaces are the multi-vendor eCommerce platforms that allow different land-based sellers to create an account with the website and start selling their product easily and quickly. 


Checkpoints to Convert Your Web Site into a Marketplace?



In return, the vendors are supposed to pay a small percentage of commission on every sale they make through the marketplace to the website owner and operator.

The Significance of Marketplace


Nowadays, people consider selling their products through marketplaces rather than creating their own website. After all, they don't have to look after their website's management and SEO work. Everything is handled by the marketplace owner.
Online marketplaces are specifically known for drawing the attention of millions of users across the world. 


Checkpoints to Convert Your Web Site into a Marketplace?


On the other hand, a single-selling website receives only a handful of views and that too when the website operator invests in proper on-page and off-page SEO strategies. The question is why should you consider turning your eCommerce website into a marketplace? How can this strategy benefit your business in the long run? Let's find the answers.

Why Turn Your Website into a Marketplace?


When you run a Marketplace, you are inviting other vendors to create an account with you and use your platform to catch the attention of their target audience.


Checkpoints to Convert Your Web Site into a Marketplace?


Not only does this help the marketplace owner to reach out to a wider audience, but it also boosts your revenue. Let’s have a look at the benefits of turning your website into an eCommerce marketplace.

Sell a Wide Range of Products


Checkpoints to Convert Your Web Site into a Marketplace?


If you don't have many products and services to sell, the marketplace can turn out super beneficial for your business as it allows others to sell their products through your website. Now that you have different vendors selling a wide range of products, your website will attract customers with different interests. Rather than selling limited products, why don't you offer an array of brands and increase the popularity of your website?

Control the Commission Rates


One of the best advantages of the eCommerce marketplace is its ability to generate significant revenues for you. All you got to do is allow vendors to access your platform and sell their products through your marketplace. That's it!


Checkpoints to Convert Your Web Site into a Marketplace?


They will manage shipping, product packaging, and delivery. The more products they sell through your platform, the higher the revenues you earn. You can adjust the commission rates according to your suitability. Marketplaces are the best eCommerce platforms for people who don't have their own website to sell. You only need to manage the marketplace, payment, and commission rates.

Install the Extension to Convert Your Website into Marketplace


In order to convert your regular website into the marketplace, you can install extension or plugins. These extensions will convert your place into the eCommerce marketplace, and enable all the options that allow vendors to sign up with your website and start their selling services.


Checkpoints to Convert Your Web Site into a Marketplace?


Once you install the extension, you will notice an increase in the traffic and revenues as more people will come to your marketplace. The more products you offer, the more traffic your marketplace will receive and the higher revenues you will earn.


Original Source: http://www.articlebiz.com/article/1051652490-1-checkpoints-to-convert-your-web-site-into-a-marketplace/

Have a great day!  😃

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Tuesday, 3 December 2019

10 Crucial Reasons For Using Sales Funnels in Your Amazon Business

You might already be thinking about using sales funnels in your Amazon business or are maybe already researching to find out how you can set one up? Perhaps you have no idea what a sales funnel is, but have been looking for ways to grow your sales, your customer base and increase your income.



11 Crucial Reasons For Using Sales Funnels in Your Amazon Business


Whatever your situation or reason for being here, we wanted to explain to you why it’s the right decision and why Sales Funnels are SO IMPORTANT for your Amazon business and the e-commerce world in general.

(If you have no ideas what a sales funnel is - please check out this post: Funnel Basics! What is a Sales Funnel and Why do You Need One? )

10 Reasons to Use Sales Funnels for your Amazon Business


11 Crucial Reasons For Using Sales Funnels in Your Amazon Business



First and foremost, by using sales funnels you will build your own email list!



As much as we all love Amazon and respect it as the huge selling platform it is,selling on Amazon does come at a price. Amazon owns your customers.


11 Crucial Reasons For Using Sales Funnels in Your Amazon Business


You can’t continue the relationship with these customers after they have made a purchase; there are restrictions on what you can say to them and how you communicate and you are not given their email addresses and so can’t use email marketing to continue to market to them after their initial purchase.

Without an email list you are at Amazon’s mercy.


Should Amazon decide to block your listings or even your account (which they do… speaking from experience!) you will suffer significant losses of income and unless you have a way of reaching potential customers outside of Amazon, this could be detrimental to your business and livelihood. 


11 Crucial Reasons For Using Sales Funnels in Your Amazon Business


If the worst happened, but you had a list of customers - you are still in business and still have an audience to sell to!

You can sell to your customers on a regular basis.


With an email list, you can continue to sell to your customers on a regular basis. You can use your list to launch new products and market promotions and offers throughout the year. You will have already paid to acquire these customers and so any future marketing is effectively free (no advertising costs!).
 


11 Crucial Reasons For Using Sales Funnels in Your Amazon Business


An email list is an asset that should not be overlooked. Your list will dictate the value of your business. 


Easy Retargeting on Facebook


You can use your customer email listing for retargeting on Facebook which is a really powerful and cost effective way of advertising, that will encourage your customers to come back and complete the purchase. 


11 Crucial Reasons For Using Sales Funnels in Your Amazon Business


When a customer views your product page on Amazon but doesn’t complete the purchase, you have no way of reaching back out to them. You have lost them.

Separates you from Competition


11 Crucial Reasons For Using Sales Funnels in Your Amazon Business


A sales funnel will separate you from the competition. You will be driving traffic to a product page that isn’t surrounded by 10 other sellers, selling the same or similar item. Instead you will be delivering a customer experience by considering what else your customer might need and offering a solution through cross-sell and up-sell - enhancing the overall experience rather than being played off against other sellers and competing products.

Increase Brand Awareness


Using a sales funnel will help you increase brand awareness and create an army of raving fans and customers. When people buy through Amazon, they are buying ‘from’ Amazon - it is Amazon that they know and trust and that is why they are choosing to purchase from the platform.


11 Crucial Reasons For Using Sales Funnels in Your Amazon Business


Shoppers are fickle and won’t necessarily care which seller they are purchasing from, so long as they find the product that meets their needs.They don’t tend to go on Amazon to look for individual sellers’ and visit at their store fronts. They go to Amazon for the convenience of having a complete product range presented to them and will select a product based on price and reviews.

Connects you with Customers


Sales funnels help you connect with your customer. You have complete control over your sales copy and you can use video, images, descriptions, testimonials and more to help you engage and connect to your customer. 


11 Crucial Reasons For Using Sales Funnels in Your Amazon Business


The customer can learn about you, your business and your products. This helps with conversion, brand awareness and loyalty.

Increase Cart Value


A sales funnel will allow you to increase the average cart value of your customers, through up-sell and cross-sell products. 


11 Crucial Reasons For Using Sales Funnels in Your Amazon Business


So long as you strategically place these products at the point of purchase and create a selling sequence that make sense to the customer and the product that they are purchasing, a percentage of your customers will take these up-sells.

Gives Irresistible offer for your Customer


11 Crucial Reasons For Using Sales Funnels in Your Amazon Business



Sales funnels are not price driven, they are offer driven. Sales funnels give you the opportunity to create an irresistible offer for your customer. The great thing about this is that you can add value through informational products (e.g. free email or video training, cheatsheets and guides) that would be valuable to them but free for you to create and deliver. Anything that you can think to improve the purchase and post-purchase experience will see your conversion rates going through the roof!

Scale your Business


Sales funnels will allow you to scale your business at a rate far beyond Amazon. Not only will you ‘own’ your customers and be constantly building and marketing to your list, your targeting potential through Facebook advertising is unlimited. 


11 Crucial Reasons For Using Sales Funnels in Your Amazon Business


Facebook can help you expand your audience globally and reach out to potential customers that are the most likely to be interested in your products (and purchase your products) based on their interests and behaviour online.

Ad Cost can be Liquidated Easily


Advertising costs can be liquidated through the sales funnel and email marketing. Advertising costs can be quite significant both on and off Amazon. These costs can be paid for through upsells in your sales funnel or through email marketing and follow up sequences. 


11 Crucial Reasons For Using Sales Funnels in Your Amazon Business


Advertising costs on Amazon however, need to be considered a cost of sale. Unlike sales funnels and facebook advertising, you can not remarket or email market to the people who showed interest in your products by visiting the page or even initiating check out. You will have lost these people and the advertising cost has to be accounted for at the point of sale.

So you see, Sales Funnels are an extremely important, valuable and profitable part of any eCommerce business. If you are looking to scale your business and take it to the next level - you need a Sales Funnel and you need it now.

Check out this Case Study to see how Jaime Cross has generated over 7 figures selling physical products through her E-commerce sales funnel.







Related Blog Posts:

- How to Build Your Own Sales Funnel - With Click Funnels

- Click Funnels - One Funnel Away Challenge [OFA] Review 2019 (And My Extra Affiliate Bonuses!)

- Funnel Hacking LIVE - FREE Brand New Documentary 



Have a great day!  😃

Laptop Lifestyle Living
Design A Life You Love!

Watch us on YouTube | Find us on Facebook Follow us on Twitter  

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 ==> 7 Ways to Explode Your Business Online <==
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Wednesday, 27 November 2019

Funnel Hacking LIVE - FREE Brand New Documentary

I’m so excited right now... Just found out that ClickFunnels is dropping their brand new full-length documentary about Funnel Hacking LIVE!

It’s going to premiere on Wednesday, Nov. 27th, just in time for Thanksgiving weekend!

You can watch it for FREE!

Based on the trailer I saw, it’s going to be AMAZING ... 🤩 → Watch Funnel Hacking LIVE Now

 Watch Funnel Hacking LIVE Now


If you’ve followed me for a little while now, you know how much I love Click Funnels and that I'm really excited to be going to Funnel Hacking LIVE 2020. It's a powerful event to attend if you want to up-level your business and take it and yourself to the next level.

As a business owner, it’s one of the most important events of the year for my business.

But it can be hard for me to describe the level of awesomeness that happens there. Soooo much goes on during the event, it’s hard to capture in words...

That’s why I’m super pumped that they are coming out with this film, so you can actually SEE for yourself why I love FHL so much, and what the event is all about.

If I know ClickFunnels, it will be an incredible, emotional, inspiring film.

So don’t forget to check it out on Wednesday, (it will be available to watch throughout the weekend until Monday, Dec. 2nd).

Check out the cool trailer! (They are releasing a new Trailer each day until the Documentary drops on Wednesday here). → Watch Funnel Hacking LIVE Now 

If you want to know why Funnel Hacking Live is such an Amazing Event - here's just a few reasons...

  • It's a 4 day event PACKED full of education, inspiration, motivation
  • You will be walked through cutting-edge strategies and funnels
  • You will listen to experts on mindset and personal development
  • You will learn the steps to get from where you are right now, to the NEXT level

3 years ago Russel Brunson introduced the "Two Comma Club" - a prestige award that was presented to Click Funnels members that had achieved $1m worth of sales through a single funnel. 

At FHL 2017, they gave away 85 Two Comma Club awards. At FHL 2018, more than DOUBLE that number walked across the stage to receive their award. And this year, they presented 116 more Two Comma Club awards! 

I'm sure you'll agree that achieving $1m worth of revenue through a single funnel will be life changing, for you and your business. If you want to make this a reality - you need to start with Funnel Hacking Live! 

Happy Thanksgiving - and have an AMAZING Day! 😄

Laptop Lifestyle Living
Design A Life You Love!

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STOP Using Facebook Ads - The Best Alternative Ad Platforms

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