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Roman gladiators earned money for endorsing olive oils and wines that promised (presumably) that gladiator glow, and Leonardo da Vinci reportedly earned the contemporary equivalent of several million dollars a year for art sales and commissions.","squaredImage":{"altText":"How To Get Paid To Create Content Online: Guide for Creators","localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"fullWidth","backgroundColor":"#78d8c8","images":{"fallback":{"src":"/static/27cb6a1c10221eedc285bbb74c862152/b956e/get_20paid_20to_20create_20content.webp","srcSet":"/static/27cb6a1c10221eedc285bbb74c862152/d1fa5/get_20paid_20to_20create_20content.webp 750w,\n/static/27cb6a1c10221eedc285bbb74c862152/b956e/get_20paid_20to_20create_20content.webp 1024w","sizes":"100vw"},"sources":[]},"width":1,"height":0.4228515625}}}},"metaData":{"title":null,"description":"Discover the world of the creator economy and learn how artists and entrepreneurs can earn money through digital content creation. From influencers to writers, musicians to videographers, explore the various ways content creators monetize their work. Find out how to become a social media influencer, secure brand sponsorships, start an online store, earn from platforms, sell ad space, become an affiliate marketer, create subscription content, and offer online courses. Explore the potential income opportunities and learn about the factors that influence content creator pay. Start generating revenue from your creative endeavors today"},"banner":{"title":"How To Get Paid To Create Content Online: Guide for Creators","showTitle":true,"image":{"altText":"How To Get Paid To Create Content Online: Guide for Creators","localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"fullWidth","backgroundColor":"#78d8c8","images":{"fallback":{"src":"/static/27cb6a1c10221eedc285bbb74c862152/b956e/get_20paid_20to_20create_20content.webp","srcSet":"/static/27cb6a1c10221eedc285bbb74c862152/d1fa5/get_20paid_20to_20create_20content.webp 750w,\n/static/27cb6a1c10221eedc285bbb74c862152/b956e/get_20paid_20to_20create_20content.webp 1024w","sizes":"100vw"},"sources":[]},"width":1,"height":0.4228515625}}}}},"timeToRead":null,"sections":[{"fieldGroupName":"post_Acfpost_Sections_ArticleRichTextContent","content":"<p>What we now call members of the creator economy, we also call artists and entrepreneurs. Roman gladiators earned money for endorsing olive oils and wines that promised (presumably) that gladiator glow, and Leonardo da Vinci reportedly earned the contemporary equivalent of several million dollars a year for art sales and commissions.</p>\n<p>The 21st-century creator economy operates on many of the same principles: Influencers and creators can earn money through paid brand partnerships or by selling products. The key difference is that today’s content creators don’t need to reach celebrity status to generate income. Anyone can use digital content distribution and monetization tools to earn money online.</p>\n<div class=\"marketing-block marketing-block--light marketing-block--padded\">\n<p class=\"heading--2\">Shortcuts</p>\n<ul>\n<li>What is a content creator?</li>\n<li>How much money do content creators make?</li>\n<li>How to get paid to create content</li>\n<li>Get paid to create content FAQ</li>\n</ul>\n</div>\n<h2 id=\"1\">What is a content creator?</h2>\n<p>A content creator is a person who makes and distributes content. It’s a broad category—journalists, musicians, poets, videographers, and painters are all technically content creators.</p>\n<p>Digital content creators represent a subset of this group. Digital creators make and publish content online, and many earn money selling work to brands or agencies or through paid brand partnerships.</p>\n<p>Common digital content types include the following:</p>\n<ul>\n<li><strong>Audio content. </strong>Audio content can include podcasts, audio blogs, and audiobooks.<strong> </strong></li>\n<li><strong>Video content.</strong> Video content includes video blogs, TikTok and YouTube Videos, Instagram reels, and livestreams.</li>\n<li><strong>Written content.</strong> Written content includes blogs, ebooks, whitepapers, and reviews.</li>\n<li><strong>Visual content.</strong> Visual content can include stock photos, digital art, and custom-branded graphics.</li>\n<li><strong>Hybrid content.</strong> Hybrid content includes social media posts and online courses. Both content types may contain visuals, audio, video, and written content.</li>\n</ul>\n<div class=\"marketing-block marketing-block--light marketing-block--padded\">\n<p><strong>Create a simple store in minutes</strong></p>\n<p>The Shopify Starter Plan offers an easy, no-code setup. It’s perfect for sharing products across social.</p>\n<p><img decoding=\"async\" class=\" lazyloaded\" src=\"https://cdn.shopify.com/s/files/1/0070/7032/files/starter_plan.jpg?v=1668796822\" alt=\"Graphic of a phone showing an online store\" data-src=\"https://cdn.shopify.com/s/files/1/0070/7032/files/starter_plan.jpg?v=1668796822\" /></p>\n<p>&nbsp;</p>\n</div>\n<h2 id=\"2\">How much money do content creators make?</h2>\n<p>Content creator pay varies widely. Creators with celebrity status can earn millions of dollars per partnership, while a nano-influencer might earn less than $100 for a Facebook post. In general, brands expect to pay influencers around $100 per 10,000 followers, plus content creation costs—though some creators can command more.</p>\n<figure><img decoding=\"async\" class=\" lazyloaded\" src=\"https://cdn.shopify.com/s/files/1/0070/7032/files/image1_a7b8f0bf-badf-4871-b9ad-3817f18f04a1.png?format=webp&amp;v=1683838375\" alt=\"Circular graphic of instagram influencer tiers measured by follower count\" data-src=\"https://cdn.shopify.com/s/files/1/0070/7032/files/image1_a7b8f0bf-badf-4871-b9ad-3817f18f04a1.png?format=webp&amp;v=1683838375\" /><figcaption><em>Instagram influencer tiers by follower count</em></figcaption></figure>\n<p>Generally speaking, rates depend on content type, audience segment, and the value of the content creator’s personal brand. The major factors at play include:</p>\n<ul>\n<li><strong>Content type. </strong>Content creators can often charge more for content types that are in high demand, require a specific skill set to produce, or entail a time-intensive content creation process.<strong> </strong></li>\n<li><strong>Platform.</strong> Creators also earn different amounts on different platforms. A sponsored YouTube video costs an average of $4,491, for example, while the average cost of a sponsored Twitter post is only $284.</li>\n<li><b>Follower count. </b>Influencers with large audiences are typically able to charge more than those with fewer followers. In 2021, according to the State of Influencer Earnings, influencers with more than 500,000 followers earned an average of $6,786 per post across all platforms, while those with between 1,000 and 9,999 followers earned an average of $901.</li>\n<li><strong>Engagement rate.</strong> Influencers with engaged followers can also command higher rates. Some influencers even charge based on engagements, using a formula such as<em> cost per post = average recent engagements x .14 </em>to calculate fees.</li>\n<li><strong>Audience segment. </strong>Popularity with a niche <a href=\"https://www.shopify.com/blog/target-audience\" target=\"_blank\" rel=\"noopener\">target audience</a> can also increase influencer pay. Costs tend to be lower in popular areas (like beauty and travel) and higher in niches with less influencer competition (like personal finance).</li>\n</ul>\n<h2 id=\"3\">How to get paid to create content</h2>\n<p>Creating digital content can be a full-time job, a lucrative side hustle, or even a source of passive income. Here’s a list of eight ways content creators earn money online.</p>\n<h3>Become a social media influencer</h3>\n<p>Building your social media audience and personal brand can help you earn paid brand partnerships. Once your social media accounts reach a certain size, you can charge for sponsored social media posts. Typically, you’ll create content featuring a brand’s products or services and post it to your personal social media accounts in exchange for a fee.</p>\n<div class=\"marketing-block marketing-block--light marketing-block--padded\">\n<p><strong>Find influencers who drive sales</strong></p>\n<p>Shopify Collabs: Collaborate with creators to promote your products to new audiences.</p>\n<p><center>Use Collabs</center></div>\n<h3>Become a blog or email influencer</h3>\n<p>Influential writers can also secure brand sponsorships. Once you’ve reached a certain level of notoriety and website traffic or a certain number of email newsletter subscriptions, brands might pay you for sponsored content in which you feature or review their products or services.</p>\n<p>You can also generate money by accepting guest authors. Typically, brands write content and pay for the privilege of publishing on your blog or in your newsletter under a company byline.</p>\n<h3>Become a brand ambassador</h3>\n<p>Many top brands establish long-term partnerships with influencers, known, in this case, as brand ambassadors. Brand ambassadors may create and publish branded content on multiple channels, explicitly endorse a company’s products, and host or attend events on behalf of their sponsor.</p>\n<div class=\"responsive-video-wrapper gutter-bottom\"><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https://www.youtube.com/embed/3tBb3SPEU94\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"></iframe></div>\n<h3>Start an online store</h3>\n<p>Many influencers and creators use online stores to generate additional revenue streams. You can sell merchandise featuring your brand (like TikTok star Charli D’Amelio’s hoodies) or use your personal platform to launch an associated line of products—for example, a yoga influencer might develop and sell fitness apparel, and a child development expert might create a line of educational toys. If you sell digital art or stock photography, you can use an online store to display and sell your products.</p>\n<p>Shopify’s starter plan is designed to help influencers and content creators quickly set up an online store and start selling products on social media channels.</p>\n<h3>Earn money from platforms</h3>\n<p>Some platforms pay qualified content creators directly out of creator funds, which are resources set aside to support promising creators and encourage more production on the platform. To receive creator funds, you need to meet the platform’s eligibility standards, and, in most cases, submit an application. TikTok, for example, requires influencers to have at least 100,000 video views in the previous 30 days to apply.</p>\n<p>Popular social media platforms with creator funds include TikTok, Instagram, Facebook, Snapchat, LinkedIn, Pinterest, Twitter, and YouTube. Platforms base compensation on metrics including follower activities, views, and ad proceeds—so the most lucrative platform for you will depend on your audience size, engagement rates, and specific activities on a platform.</p>\n<h3>Sell your own ad space</h3>\n<p>Some influencers with websites or newsletters earn money through direct advertising. Essentially, you’ll sell ad space directly to a brand (instead of to an ad network) and display ads on your website or read ads on your podcast, livestream, or video blog.</p>\n<h3>Become an affiliate marketer</h3>\n<p>Affiliate marketing programs are a specific type of commission-based brand partnership. You’ll request an affiliate link from a brand and distribute it to your audiences—for example, by posting it to your social media accounts, including it in a newsletter, or incorporating it in a blog. When a consumer uses your unique affiliate link to make a purchase, you’ll earn a percentage of the revenue.</p>\n<p>Affiliate marketing programs can generate a passive income stream: Once an affiliate link is live, you won’t need to take any additional actions to continue earning money.</p>\n<h3>Create subscription content</h3>\n<p>Some influencers create both free and paid content—the free content elevates your personal brand and allows you to leverage influencer marketing revenue streams, and the premium content generates money through paid memberships. You might distribute a paid newsletter, release members-only podcast episodes, or use a membership site  to run a subscription service.</p>\n<p>Consider using your personal social media accounts or social media advertising to promote exclusive content to potential customers.</p>\n<h3>Create online courses</h3>\n<p>Creators with particular areas of subject matter expertise or knowledge of a craft can use online learning platforms like Udemy or Skillshare to create and distribute free or paid online courses. Free options can elevate your personal brand and help you build your following, and paid courses generate revenue by monetizing an existing audience or meeting a market need.</p>\n<p>When it comes to content, the sky’s the limit—a business owner might design an intro to small-business finance, and the king or queen of cupcake decoration might offer a six-module course in cutting-edge techniques.</p>\n<div class=\"marketing-block marketing-block--light marketing-block--padded\">\n<div>\n<h2 id=\"4\">Get paid to create content FAQ</h2>\n<div>\n<h3>Can I make a full-time income as a content creator?</h3>\n<div>\n<div>\n<p>Yes. A 2022 survey found that 21% of all content creators make over $50,000 a year, and more than 35% of content creators with four or more years of experience make $50,000 a year or more.</p>\n</div>\n</div>\n</div>\n<div>\n<h3>How can I measure the success of my content?</h3>\n<div>\n<div>\n<p>Content creators define success based on content type and individual creator goals. Common digital content metrics include the following:</p>\n<ul>\n<li>Reach</li>\n<li>Engagements</li>\n<li>Page views</li>\n<li>Clicks</li>\n<li>Conversions</li>\n</ul>\n</div>\n</div>\n</div>\n<div>\n<h3>What platform pays content creators the most?</h3>\n<div>\n<div>\n<p>TikTok, Instagram, Facebook, Snapchat, LinkedIn, Pinterest, Twitter, and YouTube all pay qualified content creators directly out of established creator funds. Platforms base compensation on metrics including follower activities, views, and ad proceeds—so the most lucrative platform for you will depend on your audience size, engagement rates, and specific activities on a platform. /p&gt;</p>\n</div>\n</div>\n</div>\n<div>\n<h3>How do I determine my rates as a content creator?</h3>\n<div>\n<div>\n<p>Content creators set rates based on follower counts, engagement rates, content type, and audience segment. Consider using an influencer platform or conducting research to determine the going rate for content from similar creators. Once you’ve set your starting rates, experiment with what the market will bear, keeping in mind that you can always raise your rates over time.</p>\n<p>https://www.shopify.com/blog/get-paid-to-create-content</p>\n</div>\n</div>\n</div>\n</div>\n</div>\n"}]},"page_header":{"background":null,"backgroundOpacity":100,"color":null,"fieldGroupName":"page_header","title":"Monetizing Content Creation","opacity":100,"position":"on","size":{"desktop":64,"tablet":null,"mobile":null},"spaces":{"top":null,"bottom":null,"leftright":null,"units":"em"}},"link":"/blog/how-to-get-paid-to-create-content-online-guide-for-creators"},{"id":"cG9zdDo1Mzk5","title":"Balance Sheet: Purpose, How To Read, Examples (2023)","date":"24.05.2023","schemaDate":"2023-05-24","modifiedGmt":"2023-07-28T07:50:50","slug":"balance-sheet-purpose-how-to-read-examples-2023","acfSchemaPost":{"blogPostingImage":null},"categories":{"nodes":[{"id":"dGVybTox","name":"General Articles"}]},"levels":{"nodes":[]},"acfPost":{"fieldGroupName":"acfPost","excerpt":"A clear snapshot of your business’s financial performance can help you secure funding, obtain loans, and, for so many reasons, reduce headaches.\r\nFor that, your balance sheet is crucial. After all, scrambling through piles of receipts or scrolling for emails is stressful with a deadline looming or an auditor watching over you. You don’t want to miss an opportunity for an acquisition, investment, or loan because your financial records are unorganized or unbalanced.","squaredImage":{"altText":"Balance Sheet: Purpose, How To Read, Examples (2023)","localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"fullWidth","backgroundColor":"#88b888","images":{"fallback":{"src":"/static/720c0e77fd0a6bcf6da918eef28374e2/b956e/balance_sheet.webp","srcSet":"/static/720c0e77fd0a6bcf6da918eef28374e2/d1fa5/balance_sheet.webp 750w,\n/static/720c0e77fd0a6bcf6da918eef28374e2/b956e/balance_sheet.webp 1024w","sizes":"100vw"},"sources":[]},"width":1,"height":0.4228515625}}}},"metaData":{"title":null,"description":"Learn how to create a balance sheet for your business to secure funding, obtain loans, and keep your financial records organized. Understand the importance of balance sheets, their components, and how to read and analyze them. Download a free balance sheet template and get your financial records up to date quickly"},"banner":{"title":"Balance Sheet: Purpose, How To Read, Examples (2023)","showTitle":true,"image":{"altText":"Balance Sheet: Purpose, How To Read, Examples (2023)","localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"fullWidth","backgroundColor":"#88b888","images":{"fallback":{"src":"/static/720c0e77fd0a6bcf6da918eef28374e2/b956e/balance_sheet.webp","srcSet":"/static/720c0e77fd0a6bcf6da918eef28374e2/d1fa5/balance_sheet.webp 750w,\n/static/720c0e77fd0a6bcf6da918eef28374e2/b956e/balance_sheet.webp 1024w","sizes":"100vw"},"sources":[]},"width":1,"height":0.4228515625}}}}},"timeToRead":null,"sections":[{"fieldGroupName":"post_Acfpost_Sections_ArticleRichTextContent","content":"<p>A clear snapshot of your business’s financial performance can help you secure funding, obtain loans, and, for so many reasons, reduce headaches.</p>\n<p>For that, your balance sheet is crucial. After all, scrambling through piles of receipts or scrolling for emails is stressful with a deadline looming or an auditor watching over you. You don’t want to miss an opportunity for an acquisition, investment, or loan because your financial records are unorganized or unbalanced.</p>\n<p>If you’re in a time crunch to create a balance sheet, don’t worry. We’ll walk you through all the important steps, share balance sheet examples, and show you the balance sheet format to follow so you can get your financial records up to date—fast.</p>\n<div class=\"marketing-block marketing-block--light marketing-block--padded\">\n<p class=\"heading--2\">Table of Contents</p>\n<ul>\n<li>What is a balance sheet?</li>\n<li>Importance of balance sheets</li>\n<li>Components of the balance sheet</li>\n<li>Balance sheet example</li>\n<li>Download your free balance sheet template</li>\n<li>How to create a balance sheet in a spreadsheet</li>\n<li>How to read a balance sheet</li>\n</ul>\n</div>\n<h2 id=\"1\">What is a balance sheet?</h2>\n<p>A balance sheet is a financial statement that shows a business’s assets, liabilities, and stockholder equity, and is shared either on a monthly or quarterly basis. The main benefit of a balance sheet is to know what a business is worth.</p>\n<h2 id=\"2\">Importance of balance sheets</h2>\n<p>A balance sheet can help you obtain a loan, establish a value for your business, and keep financial records organized for tax agencies.</p>\n<h3>1. Obtain credit/debt from a lender</h3>\n<p>When a lender or bank is deciding whether to provide credit to a business, a balance sheet helps them estimate risk. Lenders typically look at liabilities to ensure a business isn’t overextending itself financially—lenders want to make their money back. If existing debts (i.e., liabilities) are much higher than assets, a lender may hesitate to extend further credit.</p>\n<p>While lenders may look at your income statement to assess profitability (i.e., do you have more revenue than expenses), a balance sheet helps identify assets such as real estate, machinery, and inventory that could be used to recoup their money if you’re unable to pay back the loan.</p>\n<p>Alternatively, Shopify store owners can obtain cash advances and loans through Shopify Capital. In lieu of a balance sheet, Shopify uses data from previous sales to see how much money the merchant is qualified to borrow. Shopify then takes a percentage of the merchant’s future sales to pay back the loan.</p>\n<h3>2. To set a business valuation</h3>\n<p>If someone is looking to acquire your business, they’ll request a balance sheet to help understand your financial position.</p>\n<p>Other aspects involved in setting a business valuation include the size of your customer base relative to the industry, competitive advantages, the employees and executives of your company (particularly during “acquihire” valuations), year-over-year growth, and revenue and profit.</p>\n<h3>3. Detail a business’s financial position over time</h3>\n<p>A balance sheet can help you understand whether your business has more assets or liabilities at a moment in time.</p>\n<p>Over the years, your balance sheet will also include historical data, which can help you—or your lenders or your investors—evaluate your financial strengths and weaknesses, and how they’ve changed over time.</p>\n<h2 id=\"3\">Components of the balance sheet</h2>\n<p>Small businesses may list only a handful of the items below. As with most financial documents, complexity scales with your business. Starting with a balance sheet template can make things easier.</p>\n<h3>1. Assets</h3>\n<p>An asset is an item of economic value that a company owns. Most assets are tangible assets, but there are also intangible assets.</p>\n<p>New businesses typically have assets such as inventory, cash, equipment, or machinery—all tangible—and, in some cases, intangible assets like patents or trademarks. Enterprise assets may also include things like investments, accounts receivable, land, transportation, logos, brand recognition, and marketing assets, such as an email list or social media account.</p>\n<p>The balance sheet equation for assets is:</p>\n<p><strong>Liabilities + Stockholder equity = Assets</strong></p>\n<p>There are two types of assets on a balance sheet:</p>\n<ul>\n<li>Current assets</li>\n<li>Non-current assets</li>\n</ul>\n<p>Current assets are short-term resources, typically convertible into cash or used up within a year. Examples include:</p>\n<ul>\n<li>Cash and cash equivalents</li>\n<li>Accounts receivable</li>\n<li>Inventory</li>\n<li>Marketable securities</li>\n<li>Prepaid expenses</li>\n</ul>\n<p>Non-current, or long-term assets, are investments that are not expected to be converted into cash or used up within a year. Examples include:</p>\n<ul>\n<li>Property, plant, and equipment (PPE)</li>\n<li>Long-term investments</li>\n<li>Intangible assets (patents, copyrights, etc.)</li>\n<li>Goodwill</li>\n</ul>\n<h3>2. Liabilities</h3>\n<p>A company’s liabilities refers to the debt it owes. It costs the business money over time and decreases the value of the business.</p>\n<p>For example, if you’ve invested your own money in a business, that’s called a shareholder loan. A shareholder loan is a debt that the business owes you, the shareholder. Many new businesses typically have liabilities, such as credit card debt and shareholder loans.</p>\n<p>Enterprise-level businesses may have liabilities like accounts payable, lease contracts, payroll, bank loans, and deferred taxes.</p>\n<p>There are also current and non-current liabilities.</p>\n<p>Current liabilities are short-term obligations due within one year. Examples include:</p>\n<ul>\n<li>Accounts payable</li>\n<li>Short-term debt</li>\n<li>Accrued expenses</li>\n<li>Unearned revenue</li>\n<li>Current portion of long-term debt</li>\n</ul>\n<p>Non-current, or long term liabilities, are obligations that extend beyond one year. Examples include:</p>\n<ul>\n<li>Long-term debt</li>\n<li>Deferred tax liabilities</li>\n<li>Pension liabilities</li>\n<li>Lease liabilities</li>\n</ul>\n<h3>3. Shareholders equity</h3>\n<p>Stockholder (or shareholder) equity is the value of the business after all debts and liabilities have been settled. It will always equal assets minus liabilities.</p>\n<p>The accounting equation to calculate shareholder’s equity is:</p>\n<p><strong>Total net assets &#8211; Total liabilities = Stockholder’s equity</strong></p>\n<p>The terms “stockholder equity,” &#8220;shareholder equity,&#8221; and “owner’s equity” essentially mean the same thing. Stockholder or shareholder equity is typically the term assigned to corporations, whereas owner’s equity is reserved for sole proprietorships.</p>\n<p>For example, if you have $20,000 in assets and $10,000 in liabilities, then you have $10,000 in stockholder equity. As your company’s total assets grow and liabilities shrink, you’ll have more stockholder equity.</p>\n<p>In the early stages, it’s normal to have a negative balance in stockholder equity—liabilities (i.e., your startup costs) are higher than your assets. You may invest $50,000 in your business before you ever launch to the public. You could be in the early stages of buying product inventory, building an app, or designing a website. However, you have no assets and no cash.</p>\n<p>Examples include:</p>\n<ul>\n<li>Equity capital</li>\n<li>Retained earnings</li>\n<li>Common stock</li>\n<li>Treasury stock</li>\n</ul>\n<h2 id=\"4\">Balance sheet example</h2>\n<p>Several key stakeholders could request a balance sheet from you. For example, your local tax agency might randomly select your business for an audit. A balance sheet with a list of assets and liabilities can help an auditor get a clear picture of your business’s financial position.</p>\n<p>Here’s what those assets and liabilities might look like for a new business:</p>\n<p><img decoding=\"async\" class=\" lazyloaded\" src=\"https://cdn.shopify.com/s/files/1/0070/7032/files/balance-sheet-example_7d40f86a-68ca-4dad-b073-5201f8d0fbcc.png?format=webp&amp;v=1682808155\" alt=\"balance sheet example\" data-src=\"https://cdn.shopify.com/s/files/1/0070/7032/files/balance-sheet-example_7d40f86a-68ca-4dad-b073-5201f8d0fbcc.png?format=webp&amp;v=1682808155\" /></p>\n<h2 id=\"5\">Download your free balance sheet template</h2>\n<p>Simply make a copy of our balance sheet template to get yours now.</p>\n<p>You can use this Google Sheet to enter the numbers for your company and get a better idea of how a balance sheet works. It also includes other financial statements, like an income statement and cash flow statement to improve your bookkeeping as a business owner.</p>\n<p><img decoding=\"async\" class=\" lazyloaded\" src=\"https://cdn.shopify.com/s/files/1/0070/7032/files/free_balance_sheet_template.png?format=webp&amp;v=1682808186\" alt=\"free balance sheet template\" data-src=\"https://cdn.shopify.com/s/files/1/0070/7032/files/free_balance_sheet_template.png?format=webp&amp;v=1682808186\" /></p>\n<h2 id=\"6\">How to create a balance sheet in a spreadsheet</h2>\n<ol>\n<li>Set a regular timeframe</li>\n<li>Create a balance sheet format</li>\n<li>Set a value for intangible assets</li>\n</ol>\n<h3>1. Set a regular timeframe</h3>\n<p>Large enterprises are likely to update their balance sheets on a daily basis, whereas smaller businesses typically update their balance sheets every month.</p>\n<h3>2. Create a balance sheet format</h3>\n<p>You can find balance sheet formats and templates with a quick Google search. Here’s one from Microsoft and another in Google Docs. You can also use small business accounting software to auto-create a quick PDF balance sheet based on numbers you input, credit card information, and bank account information.</p>\n<p>Typically, assets are listed first, then liabilities, and, finally, shareholder’s equity. In the early stages of your business, you might not have many assets. It’s perfectly fine to include $0 for certain lines if that’s true for you.</p>\n<h3>3. Set a value for intangible assets</h3>\n<p>Typically, people hire a legal team to assess and calculate the value of intangible assets. However, other methods can estimate the value of an intangible asset.</p>\n<p>In a market approach, you determine the market value of an intangible asset by comparing it to the value of the same asset sold by a comparable business. For example, if your business has a patent for a production process, and a similar business recently sold its patent for $67,000, you would value your patent at $67,000.</p>\n<p>Not every intangible asset needs a value. For example, if you used an external designer to develop your logo, you could use a market approach to help determine what your logo might sell for in an open market. On the other hand, if your logo is simple text, it may not reach a threshold of creativity to be protected and, therefore, saleable.</p>\n<h2 id=\"7\">How to read a balance sheet</h2>\n<p>When reading a balance sheet, a higher stockholder equity is better. It means your assets are higher than your liabilities.</p>\n<p>Balance sheets are used primarily to assess equity in a specific moment, but you can also compare year-over-year changes to assets and liabilities to see how your business value has changed over time—and why.</p>\n<p>For example, in 2021, say a business’ assets increased by $15,000, from $235,000 to $250,000. Also in 2021, the same business paid off a loan, reducing its liabilities by $20,000, from $70,000 down to $50,000.</p>\n<p>Previously, the stakeholder equity would’ve been $165,000 ($235,000 less $70,000). The new equity would be $200,000, an increase of $35,000—helped by a growth in assets <em>and</em> a reduction in liabilities.</p>\n<p>That kind of increase would make your business a more attractive candidate for a loan or investment. But it may take time to get there. Even if you’re a new company and your balance sheet is in the red for stockholder equity, you need to know where you stand. It’s your best chance to get into the black—and stay there.</p>\n<p>Analyzing a balance sheet involves assessing a company’s financial health using various ratios and metrics. Some of the key financial ratios include:</p>\n<ul>\n<li><strong>Current ratio: </strong>Current assets / Current liabilities</li>\n<li><strong>Quick ratio:</strong> (Current assets &#8211; Inventory) / Current liabilities</li>\n<li><strong>Debt-to-equity ratio:</strong> Total liabilities / Shareholders’ equity</li>\n<li><strong>Return on equity:</strong> Net Income / Shareholders’ equity</li>\n<li><strong>Asset turnover ratio:</strong> Net sales / Average total assets</li>\n</ul>\n<p>These ratios help evaluate a company’s liquidity, solvency, and efficiency. For a detailed understanding, compare these ratios with industry benchmarks or historical data to identify trends and potential risks.</p>\n<h3>Limitations</h3>\n<p>There are some limitations to be aware of when analyzing a balance sheet:</p>\n<ul>\n<li><strong>Historical cost: </strong>Balance sheets report assets at their historical cost, which may not represent their current market value. This can lead to an over- or underestimation of your company’s financial position.</li>\n<li><strong>Depreciation:</strong> Depreciation is the process of allocating the cost of a tangible asset over its useful life. While depreciation attempts to account for the wear and tear of assets over time, it’s based on estimates and may not accurately reflect the actual decline in the asset’s value.</li>\n<li><strong>Intangible assets:</strong> Intangible assets, such as goodwill and intellectual property, can be difficult to value accurately. Their value on the balance sheet may not reflect their true worth to the company.</li>\n<li><strong>Off-balance-sheet items: </strong>Some financial transactions, such as operating leases and certain derivatives, may not appear on the balance sheet. This can lead to an incomplete understanding of your company’s balance sheet, as off-balance-sheet items can impact a company’s financial health and risk profile.</li>\n<li><strong>Static snapshot: </strong>The balance sheet provides a snapshot of a company’s financial position at a specific point in time. While it can reveal essential information about the company’s assets, liabilities, and equity, it doesn’t provide insights into the company’s performance over time.</li>\n</ul>\n<div class=\"marketing-block marketing-block--light marketing-block--padded\">\n<p class=\"heading--4\">Manage your money where you make it with Shopify Balance</p>\n<p>Shopify Balance is a free financial account that lets you manage your business’ money from Shopify admin. Pay no monthly fees, get payouts up to 4 days earlier, and earn cash back on eligible purchases.</p>\n</div>\n<div class=\"clear\"></div>\n<div class=\"marketing-block marketing-block--light marketing-block--padded\">\n<div>\n<h2>Balance sheet FAQ</h2>\n<div>\n<h3>What are the 3 main things found on a balance sheet?</h3>\n<div>\n<div>\n<ul>\n<li><strong>Assets: </strong>All the resources a company owns, such as cash, accounts receivable, inventory, and fixed assets.</li>\n<li><strong>Liabilities:</strong> All the money the company owes to others, such as accounts payable, loans, and accrued expenses.</li>\n<li><strong>Equity:</strong> The difference between assets and liabilities. It represents the net worth of the company.</li>\n</ul>\n</div>\n</div>\n</div>\n<div>\n<h3>What is the purpose of a balance sheet?</h3>\n<div>\n<div>A balance sheet shows a company’s assets, liabilities, and owner equity. It’s a statement of financial position that allows you to assess a company’s financial health, liquidity, and stability, which is crucial for making informed decisions.</div>\n</div>\n</div>\n<div>\n<h3>What does the balance sheet tell us?</h3>\n<div>\n<div>The balance sheet provides a snapshot of a company’s financial position at a specific point in time. It shows the company’s assets, liabilities, and equity, illustrating the resources it has available, working capital, the financial obligations it must fulfill, and the net worth or residual interest of its owners.</div>\n</div>\n</div>\n<div>\n<h3>What are the 3 types of balance sheets?</h3>\n<div>\n<div>\n<ul>\n<li>Comparative balance sheets</li>\n<li>Vertical balance sheets</li>\n<li>Horizontal balance sheetshttps://www.shopify.com/blog/balance-sheet</li>\n</ul>\n</div>\n</div>\n</div>\n</div>\n</div>\n"}]},"page_header":{"background":null,"backgroundOpacity":100,"color":null,"fieldGroupName":"page_header","title":"Understanding Balance Sheets","opacity":100,"position":"on","size":{"desktop":64,"tablet":null,"mobile":null},"spaces":{"top":null,"bottom":null,"leftright":null,"units":"em"}},"link":"/blog/balance-sheet-purpose-how-to-read-examples-2023"},{"id":"cG9zdDo1Mzkz","title":"How To Build a 7-Step Sales Process","date":"24.05.2023","schemaDate":"2023-05-24","modifiedGmt":"2023-07-28T07:51:22","slug":"how-to-build-a-7-step-sales-process","acfSchemaPost":{"blogPostingImage":null},"categories":{"nodes":[{"id":"dGVybTox","name":"General Articles"}]},"levels":{"nodes":[]},"acfPost":{"fieldGroupName":"acfPost","excerpt":"Wouldn’t it be great if you could recite a sales pitch to a stranger and within minutes they become a paying customer? Unfortunately, selling is rarely so simple. As seasoned sales managers know well, courting potential customers takes time and effort. The good news is customer conversions can happen when you follow a proven and standardized sales process","squaredImage":{"altText":"How To Build a 7-Step Sales Process","localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"fullWidth","backgroundColor":"#f8c8c8","images":{"fallback":{"src":"/static/5150161a756bdb07f6fbe2d6a5c40ea3/b956e/sales_20process.webp","srcSet":"/static/5150161a756bdb07f6fbe2d6a5c40ea3/d1fa5/sales_20process.webp 750w,\n/static/5150161a756bdb07f6fbe2d6a5c40ea3/b956e/sales_20process.webp 1024w","sizes":"100vw"},"sources":[]},"width":1,"height":0.4228515625}}}},"metaData":{"title":null,"description":"Learn how to effectively convert potential customers into paying clients by implementing a proven sales process. Explore the seven stages of the sales process, best practices for sales process management, common challenges to avoid, and how training and technology can streamline your sales efforts"},"banner":{"title":"How To Build a 7-Step Sales Process","showTitle":true,"image":{"altText":"How To Build a 7-Step Sales Process","localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"fullWidth","backgroundColor":"#f8c8c8","images":{"fallback":{"src":"/static/5150161a756bdb07f6fbe2d6a5c40ea3/b956e/sales_20process.webp","srcSet":"/static/5150161a756bdb07f6fbe2d6a5c40ea3/d1fa5/sales_20process.webp 750w,\n/static/5150161a756bdb07f6fbe2d6a5c40ea3/b956e/sales_20process.webp 1024w","sizes":"100vw"},"sources":[]},"width":1,"height":0.4228515625}}}}},"timeToRead":null,"sections":[{"fieldGroupName":"post_Acfpost_Sections_ArticleRichTextContent","content":"<p>Wouldn’t it be great if you could recite a sales pitch to a stranger and within minutes they become a paying customer? Unfortunately, selling is rarely so simple. As seasoned sales managers know well, courting potential customers takes time and effort. The good news is customer conversions can happen when you follow a proven and standardized sales process.</p>\n<p>Here’s an overview of this structured sales process and some of the tactics you and your sales team can use.</p>\n<div class=\"marketing-block marketing-block--light marketing-block--padded\">\n<p class=\"heading--2\">Table of Contents</p>\n<ul>\n<li>What is a sales process?</li>\n<li>7 stages of a sales process</li>\n<li>Best practices for sales process management</li>\n<li>Common challenges in the sales process</li>\n<li>Sales process FAQ</li>\n</ul>\n</div>\n<h2 id=\"1\">What is a sales process?</h2>\n<p>A sales process is a sequence of seven stages that convert would-be buyers into paying customers. Understanding these sales stages—which include finding qualified leads, directing them into your sales funnel, closing deals, and following up—provides a road map for your sales reps as they pursue potential customers.</p>\n<div class=\"responsive-video-wrapper gutter-bottom\"><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https://www.youtube.com/embed/cnN8WSrnmjk\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"></iframe></div>\n<p>Sales processes hinge on a symbiotic relationship between a seller and a customer. As a seller goes through the sales process, the customer experiences their own buying process, weighing whether they want to purchase a product. The burden, however, is on you, the seller, to gently lead a potential customer through the various stages of the sales process. This means showing knowledge of their needs, addressing their doubts, offering information about your products, and pitching solutions to their problems.</p>\n<h3>Why do businesses need a sales process?</h3>\n<p>When you arm your sales team with a clearly defined sales process map, you help them work as efficiently as possible over the course of a sales cycle. They can recognize what a potential customer needs at any given point—whether that’s product information, a price quote, or just a friendly nudge to complete their purchase. Equipping your team with a defined sales methodology can make their work more efficient and potentially speed up your sales cycle.</p>\n<h2 id=\"2\">7 stages of a sales process</h2>\n<p>In the business world, the sales process is often broken into stages that indicate the flow of the seller-customer relationship. The seven-step sales process is as follows:</p>\n<ol>\n<li>Prospecting</li>\n<li>Researching and preparing</li>\n<li>Approaching a prospect</li>\n<li>Pitching</li>\n<li>Handling objections</li>\n<li>Closing the sale</li>\n<li>Following up</li>\n</ol>\n<h3 id=\"6\">1. Prospecting</h3>\n<p>A successful sales process begins with prospecting, which involves seeking potential customers (sometimes called leads) for your business’s sales pipeline. Potential sales prospects include the target audience identified in your marketing campaign, people referred to you by existing clients, and people who found your website in an online search.</p>\n<h3 id=\"7\">2. Researching and preparing</h3>\n<p>Seller preparation starts with examining the potential customers entering the sales pipeline. For maximum customer success, you’re looking for so-called sales-qualified leads (SQL) who seem well-informed about your offerings and are inclined to make a purchase. It’s also worth pursuing marketing-qualified leads (MQL), who may not yet be ready to buy but have some familiarity with your company. Sales reps use this stage, typically identified in a sales process flowchart, to research customers, understand their interests and pain points, and estimate their spending budgets.</p>\n<h3 id=\"8\">3. Approaching a prospect</h3>\n<p>The approach is where you contact your prospective customer. This can be in person, over the phone, over video chat, or by email. Sales reps at this point tend to use one of three approaches:</p>\n<ul>\n<li><strong>Question approach. </strong>Approaching a prospect by asking a question.</li>\n<li><strong>Product approach.</strong> Approaching a prospect by offering a small sample of your product, or perhaps a short free trial.</li>\n<li><strong>Premium approach.</strong> Approaching a prospect by offering a special incentive, such as reward points good for future purchases or a discount code.</li>\n</ul>\n<h3 id=\"9\">4. Pitching</h3>\n<p>The next stage involves presenting your product to your prospective customer. If you’ve made it this far, the person across from you has enough interest that they’re willing to hear a sales pitch. This is where your research can pay off, helping you tailor your presentation to the client’s known desires and skepticism. Your goal is to present your product as the solution to the prospect’s needs.</p>\n<h3 id=\"10\">5. Handling objections</h3>\n<p>If you’re lucky, you may have a client who’s ready to buy the moment they hear your presentation. Otherwise, you’ll need to field questions and objections from your potential customer. Sometimes all the client needs is more information about your product or services. In other cases, you may need to negotiate to win a sale. This could mean offering discounts, including freebies, or adjusting the terms of a service or maintenance agreement.</p>\n<h3 id=\"11\">6. Closing the sale</h3>\n<p>At this point, the entire sales process reaches a critical juncture, when the current sales process results in a deal or in both parties walking away. Your client may ask for a few more concessions before they’re willing to buy, and you’ll need to decide what you can afford to offer. You can also nudge the customer forward, perhaps by suggesting that a price increase is coming or supplies are limited. If you and your customer are on the same page, you’ll end up with a sale.</p>\n<h3 id=\"12\">7. Following up</h3>\n<p>An effective sales process continues past the moment when money changes hands. As a seller, you’ll follow up with the customer over time, making sure they’re enjoying their purchase, answering further questions, and troubleshooting any problems. This kind of customer service can result in long-term goodwill and the prospect for future business with the client, or with others in their network.</p>\n<h2 id=\"3\">Best practices for sales process management</h2>\n<p>Use the following best practices to make each stage of the sales process as effective as possible:</p>\n<ul>\n<li><strong>Create buyer personas.</strong> You can start off with better odds when you create a buyer persona that profiles the types of customers likely to purchase your product or services. Pursue the customers matching your buyer personas, and move past the others.</li>\n<li><strong>Understand your product inside and out.</strong> The most effective sales reps can quickly respond to customer questions about a product. They may also suggest alternative products that better align with a customer’s needs.</li>\n<li><strong>Remain persistent. </strong>You may have to work hard to get customers to reply to your messages and phone calls. Don’t mistake slow responses for a lack of interest. Ask directly if the customer is still interested and consider using incentives (such as a discount) or warnings (perhaps a pending price hike) to spur them into action.</li>\n<li><strong>Continue the relationship beyond a sale.</strong> Often a business’s best sales leads are existing customers. You already know these individuals fit your target audience and are willing to buy from you. Tend to those relationships, and they may lead to future sales.</li>\n</ul>\n<h2 id=\"4\">Common challenges in the sales process</h2>\n<p>Some sales cycles go more smoothly than others. Here are some well-known challenges and some common sales process mistakes to avoid:</p>\n<ul>\n<li><strong>A rival picks off your customer. </strong>Chances are you aren’t the only one competing for a customer’s business. Work hard to make sure your unique selling proposition (USP) is superior. Whether you’re working to close a specific deal or simply fulfill a sales quota, you can’t assume you’ve made a sale until contracts are signed and money changes hands.</li>\n<li><strong>A lead goes silent.</strong> Sometimes a customer stops returning your messages. Or they say they need time to think but don’t offer a firm date for making a decision. Seasoned sales managers stick with these kinds of clients and follow up periodically. At the same time, they pivot to more promising sales leads, nurturing multiple clients simultaneously.</li>\n<li><strong>Bureaucracy gets in the way. </strong>In the business-to-business (B2B) market, clients may need to get several levels of approval before they can buy. It helps, whenever it’s feasible and tactful, to ask to deal with someone with purchasing authority. This way, you’re directing your sales presentation toward someone who can actually close a deal if they like your product.</li>\n</ul>\n<div class=\"marketing-block marketing-block--light marketing-block--padded\">\n<div>\n<h2 id=\"5\">Sales process FAQ</h2>\n<div>\n<h3>How do you measure the success of a sales process?</h3>\n<div>\n<div>\n<p>You measure the success of a sales process based on two metrics: the number of leads that convert into paying customers and the amount of money generated in a sales cycle. Some companies prioritize getting as many customers as possible, even if many of them don’t spend very much. Others place a higher value on total revenue, even if the money comes from a comparatively small set of clients. Set business goals that clarify which of these to prioritize.</p>\n</div>\n</div>\n</div>\n<div>\n<h3>Can businesses customize their sales process to fit their industry?</h3>\n<div>\n<div>\n<p>Yes. It’s always wise to align your sales process with the expectations of customers in your industry. If it’s common for customers to pay less than the sticker price of an item, empower your sales reps to offer discounts. If most customers expect face-to-face meetings, make time for those. You can assume your competitors will be accommodating customers in this way, so you’ll want to keep pace.</p>\n</div>\n</div>\n</div>\n<div>\n<h3>How do you qualify a lead?</h3>\n<div>\n<div>\n<p>Businesses qualify leads using criteria such as budget, decision-making power, location, and need. When your lead aligns with all or most of these criteria, they typically count as a sales-qualified lead (SQL) and warrant the effort that goes into the sale process. A prospect may also profile as an SQL if they know the salesperson directly or found your company via a strong personal referral.</p>\n</div>\n</div>\n</div>\n<div>\n<h3>How can you use technology to streamline the sales process?</h3>\n<div>\n<div>\n<p>You can organize and streamline the sales process by using client relationship management (CRM) software. CRMs collect and store customer information, activity, and communications in a centralized and accessible database. You can use CRM data to track leads as they progress through your company’s sales funnel.</p>\n</div>\n</div>\n</div>\n<div>\n<h3>Does training play a role in the success of a sales process?</h3>\n<div>\n<div>\n<p>Training is critical to a successful sales process. Sales managers train sales reps to learn about the business’s products and services. This lets them tailor their sales pitches and deftly answer questions from clients. Managers also train their sales teams on price negotiations, so they can offer discounts while preserving the company’s profit margins. Finally, but equally important, managers train their teams on the nuances of client interactions, including how to pursue a lead and entice them with carrots (such as discounts) and sticks (an impending price hike).</p>\n<p>https://www.shopify.com/blog/sales-process</p>\n</div>\n</div>\n</div>\n</div>\n</div>\n"}]},"page_header":{"background":null,"backgroundOpacity":100,"color":null,"fieldGroupName":"page_header","title":"7-Step Sales Process 2023","opacity":100,"position":"on","size":{"desktop":64,"tablet":null,"mobile":null},"spaces":{"top":null,"bottom":null,"leftright":null,"units":"em"}},"link":"/blog/how-to-build-a-7-step-sales-process"},{"id":"cG9zdDo1Mzg3","title":"8 Networking Tips for Entrepreneurs and Small Business Owners","date":"24.05.2023","schemaDate":"2023-05-24","modifiedGmt":"2023-07-28T07:52:14","slug":"8-networking-tips-for-entrepreneurs-and-small-business-owners","acfSchemaPost":{"blogPostingImage":null},"categories":{"nodes":[{"id":"dGVybTox","name":"General Articles"}]},"levels":{"nodes":[]},"acfPost":{"fieldGroupName":"acfPost","excerpt":"For some small business owners, networking comes naturally. Maybe you started your business in part to expand your personal network, or maybe you just identify as a social butterfly. Other business owners fall firmly into a different camp—after all, a passion for your products or services doesn’t necessarily translate into a desire to spend social energy at conferences and cocktail hours. ","squaredImage":{"altText":"8 Networking Tips for Entrepreneurs and Small Business Owners","localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"fullWidth","backgroundColor":"#684888","images":{"fallback":{"src":"/static/eb170c20dc67aae6b4a9c982016cdbe6/b956e/networking_20tips.webp","srcSet":"/static/eb170c20dc67aae6b4a9c982016cdbe6/d1fa5/networking_20tips.webp 750w,\n/static/eb170c20dc67aae6b4a9c982016cdbe6/b956e/networking_20tips.webp 1024w","sizes":"100vw"},"sources":[]},"width":1,"height":0.4228515625}}}},"metaData":{"title":null,"description":"Learn how to network effectively as a small business owner. Discover the benefits of networking, such as increased brand awareness, new customers, industry insights, and peer support. Follow these 8 networking tips, including being prepared, arriving early, building your personal brand, and following up to maximize your networking efforts and grow your business"},"banner":{"title":"8 Networking Tips for Entrepreneurs and Small Business Owners","showTitle":true,"image":{"altText":"8 Networking Tips for Entrepreneurs and Small Business Owners","localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"fullWidth","backgroundColor":"#684888","images":{"fallback":{"src":"/static/eb170c20dc67aae6b4a9c982016cdbe6/b956e/networking_20tips.webp","srcSet":"/static/eb170c20dc67aae6b4a9c982016cdbe6/d1fa5/networking_20tips.webp 750w,\n/static/eb170c20dc67aae6b4a9c982016cdbe6/b956e/networking_20tips.webp 1024w","sizes":"100vw"},"sources":[]},"width":1,"height":0.4228515625}}}}},"timeToRead":null,"sections":[{"fieldGroupName":"post_Acfpost_Sections_ArticleRichTextContent","content":"<p>For some small business owners, networking comes naturally. Maybe you started your business in part to expand your personal network, or maybe you just identify as a social butterfly. Other business owners fall firmly into a different camp—after all, a passion for your products or services doesn’t necessarily translate into a desire to spend social energy at conferences and cocktail hours.</p>\n<p>The good news is that effective networking isn’t an inborn personality trait—it’s a set of skills that can be learned. With a bit of practice, anyone can become an engaging, competent networker—and small business owners can use those skills to attract customers, stay up to date with industry trends, and generate peer support.</p>\n<div class=\"responsive-video-wrapper gutter-bottom\"><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https://www.youtube.com/embed/cUhk8rPQ37E\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"></iframe></div>\n<h2>What is networking?</h2>\n<p>Networking is the process of building relationships and making connections for the purpose of social or professional advancement. It can be informal and organic, like a water-cooler chat with the new intern, or structured, like an industry conference or a local young professionals meet-up.</p>\n<h3>Why should you network?</h3>\n<p>Networking can help professionals of all stripes land a job and elevate their personal brands.</p>\n<p>For small business owners and entrepreneurs, building a strong professional network is particularly critical. While some professionals might only network periodically (e.g., during a job search), business owners face an ongoing need to raise brand awareness, reach new audiences, and stay up-to-date with industry trends.</p>\n<p>Here’s how networking can help:</p>\n<ul>\n<li><strong>Increased brand awareness</strong>. Making new connections increases your audience size and can help you gain recognition and support with key demographics.</li>\n<li><strong>New customers. </strong>Your new connections can represent potential clients or referral sources for your business. You might even create a prospect list and let that guide the networking opportunities you seek out.</li>\n<li><strong>A larger talent network. </strong>Forming new relationships can also support the hiring process. Next time you need to add to your team, you may be able to skip the lengthy recruiting process and approach somebody in your network with a job opportunity that matches their skill sets and career goals.</li>\n<li><strong>Industry insights. </strong>Building connections in your industry can help you stay up to date with changes or trends and leverage the expertise of industry leaders to gain a competitive advantage.<strong> </strong></li>\n<li><strong>Peer support.</strong> Running a small business is hard, and entrepreneurship can be lonely—especially if you’re a solopreneur. Building relationships with other business owners allows you to seek guidance on specific issues. When times are tough, you can also turn to key confidants for validation and support.</li>\n</ul>\n<h2>8 networking tips</h2>\n<ol>\n<li>Be prepared</li>\n<li>Arrive early</li>\n<li>Always be networking</li>\n<li>Build your personal brand</li>\n<li>Be a giver</li>\n<li>Ask for help</li>\n<li>Be yourself</li>\n<li>Follow up</li>\n</ol>\n<p>Anybody can learn how to network effectively. Consult these networking tips to boost your skills and maximize returns on your efforts:</p>\n<h3 id=\"1\">1. Be prepared</h3>\n<p>Most clichés contain a fundamental truth—and preparation really is the key to success. Here’s what to consider before you start networking:</p>\n<ul>\n<li><strong>Talking points. </strong>Prepare talking points including a few key questions, some interesting small-talk fodder, and your elevator pitch, which is a brief introduction to you and your company. Workshopping a concise description of your experience and objectives can help you make a strong first impression.<strong> </strong></li>\n<li><strong>Goals.</strong> Take some time to list a few goals. Are you hoping to meet vendors, connect with key people in your industry, or solve a specific problem? Remembering why you’re there can help you maximize your networking efforts.</li>\n<li><strong>Reconnaissance.</strong> If your event publishes information about attendees, do a little bit of internet sleuthing on the front end. Identify potentially valuable connections, note company name and job title, and dig deeper into those individuals’ career histories and other interests. You might find that you have a mutual connection or uncover other information that will help you shape the conversation.</li>\n<li><strong>Practice.</strong> Becoming comfortable with the networking process takes time. Practice networking by working your talking points into conversations with friends and family and attending frequent low-stakes networking events.</li>\n</ul>\n<h3 id=\"2\">2. Arrive early</h3>\n<p>Being fashionably late isn’t helpful for professional purposes. When it comes to networking events, you want to be one of the first people at the party. You can ease into the environment and casually chat with other early birds in a small group setting.</p>\n<h3 id=\"3\">3. Always be networking</h3>\n<p>Attending events is a great way to network—but so is waiting in line at your local coffee shop, taking a flight, and catching up with old friends.</p>\n<p>Skilled networkers are good at building relationships in every context—and research shows that this personality trait is correlated with business success. You never know when you might have the chance to help somebody (or when they might be able to help you).</p>\n<h3 id=\"4\">4. Build your personal brand</h3>\n<p>People rarely buy the first time they hear of you; rather, it takes multiple touchpoints to reach a new customer or make a sale. The same is true for building a new relationship. An in-person conversation represents one powerful touchpoint, and elevating your personal and professional profile can increase the likelihood that your new connections will encounter your name a second (or third) time.</p>\n<p>You might post on your small business’s blog, start a newsletter, or seek out opportunities to appear on podcasts or panels. These strategies can help you refine your talking points and improve the chance people will reach out to you as a networking target.</p>\n<h3 id=\"5\">5. Be a giver</h3>\n<p>Seek opportunities to help people. You’ll build relationships, generate goodwill, and activate what psychologists call the reciprocity principle—when people receive help, they’re inclined to return the favor. For example, if you’re chatting with somebody at a networking event, you might offer to make helpful introductions or schedule a follow-up call to offer advice on a specific situation.</p>\n<h3 id=\"6\">6. Ask for help</h3>\n<p>Don’t be afraid to make requests. Research shows people tend to underestimate others’ desire to help. Asking for help can also build relationships—when you seek help from somebody, you’re making yourself vulnerable and implicitly complimenting their expertise, both of which create trust. Studies also suggest that somebody who rejects a request for help will seek ways to help you in the future, which means that even if your new connection can’t help you now, making the request can pay off down the road.</p>\n<h3 id=\"7\">7. Be yourself</h3>\n<p>Old networking strategies are prescriptive: use somebody’s name frequently in conversation, wear a suit, hide your quirks. But today’s professional environment is more welcoming of diversity and prioritizes authenticity in relationships. So, go ahead, let your quirks show.</p>\n<p>Your professional persona might be a more polished version of you, but it will still reflect who you are. If you love to crack jokes, don’t stifle your instincts. If you dress in bright colors, work some into your professional outfits. If you’re naturally soft-spoken, that’s absolutely fine. You don’t need to imitate somebody else to build authentic connections—you just need to develop a professional persona that leverages your innate talents and personality characteristics. A recent Harvard study found that this strategy can decrease anxiety, improve performance, and increase your odds of making a lasting impression.</p>\n<h3 id=\"8\">8. Follow up</h3>\n<p>Make sure to follow up after every connection. Request a business card when you meet, and send an email or LinkedIn message after the event. If applicable, include some reflection on your conversation, a link to a relevant interesting article, or an invitation for future connection. You can also follow your new connection on social media platforms to stay in touch.</p>\n<h3>Bonus tip: The firm handshake</h3>\n<p>The firm handshake is one piece of old-school advice that still applies in most cases. While you don’t need to have the world’s strongest grip or use a handshake to express dominance, offering a completely limp hand can be disconcerting for your new connection. Stand, smile, make eye contact, and match your partner’s level of pressure.</p>\n<div class=\"marketing-block marketing-block--light marketing-block--padded\">\n<div>\n<h2>Networking tips FAQ</h2>\n<div>\n<h3>What should you bring to a networking event?</h3>\n<div>\n<div>\n<p>Here are a few key items to bring to a networking event:</p>\n<ul>\n<li>Business cards</li>\n<li>A brochure or one-pager, if applicable</li>\n<li>Breath mints</li>\n<li>A pen and a small notepad</li>\n<li>Your elevator pitch</li>\n<li>Curated small talk</li>\n<li>A list of questions</li>\n</ul>\n</div>\n</div>\n</div>\n<div>\n<h3>How do you listen actively during a conversation?</h3>\n<div>\n<div>\n<p>Actively listening is the process of attending to a speaker’s words, using non-verbal cues to gauge intent, and communicating attentiveness through verbal signals and body language. Here are a few tips:</p>\n<ul>\n<li>Make periodic eye contact with the speaker.</li>\n<li>Listen without planning what you’ll say next.</li>\n<li>Nod, smile, and interject short agreements, like “Yes.”</li>\n<li>Resist the urge to interrupt.</li>\n<li>Ask questions during natural pauses in the conversation.</li>\n<li>Demonstrate and check comprehension by paraphrasing or summarizing what you heard.</li>\n</ul>\n</div>\n</div>\n</div>\n<div>\n<h3>Should you only attend networking events within your industry?</h3>\n<div>\n<div>\n<p>No. Attending networking events outside your industry can help you build connections with other business leaders, raise your brand profile, and stay up to date with trends in other industries that could affect your business.</p>\n<p>https://www.shopify.com/blog/networking-tips</p>\n</div>\n</div>\n</div>\n</div>\n</div>\n"}]},"page_header":{"background":null,"backgroundOpacity":100,"color":null,"fieldGroupName":"page_header","title":"Networking Tips 2023","opacity":100,"position":"on","size":{"desktop":64,"tablet":null,"mobile":null},"spaces":{"top":null,"bottom":null,"leftright":null,"units":"em"}},"link":"/blog/8-networking-tips-for-entrepreneurs-and-small-business-owners"},{"id":"cG9zdDo1Mzgx","title":"Content Syndication: Definition, Benefits, and How It Works","date":"24.05.2023","schemaDate":"2023-05-24","modifiedGmt":"2023-07-28T07:52:52","slug":"content-syndication-definition-benefits-and-how-it-works","acfSchemaPost":{"blogPostingImage":null},"categories":{"nodes":[{"id":"dGVybTox","name":"General Articles"}]},"levels":{"nodes":[]},"acfPost":{"fieldGroupName":"acfPost","excerpt":"In 1846, a group (or syndicate) of five New York City newspapers found covering the Mexican-American war too expensive and too slow to do individually. So they funded a private mail service to bring back dispatches from reporters in Texas, sharing both the content and the cost. Thus was born the Associated Press—and content syndication.","squaredImage":{"altText":"Content Syndication: Definition, Benefits, and How It Works","localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"fullWidth","backgroundColor":"#a878d8","images":{"fallback":{"src":"/static/9103d9b2b2f0966090918b695ecf39db/b956e/content_20syndication.webp","srcSet":"/static/9103d9b2b2f0966090918b695ecf39db/d1fa5/content_20syndication.webp 750w,\n/static/9103d9b2b2f0966090918b695ecf39db/b956e/content_20syndication.webp 1024w","sizes":"100vw"},"sources":[]},"width":1,"height":0.4228515625}}}},"metaData":{"title":null,"description":"Learn about content syndication and how it can help maximize your content's reach in a cost-efficient way. Discover what it is, how it works, and the benefits it offers. Find out how to create a syndication strategy and choose between free and paid options for syndicating your content"},"banner":{"title":"Content Syndication: Definition, Benefits, and How It Works","showTitle":true,"image":{"altText":"Content Syndication: Definition, Benefits, and How It Works","localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"fullWidth","backgroundColor":"#a878d8","images":{"fallback":{"src":"/static/9103d9b2b2f0966090918b695ecf39db/b956e/content_20syndication.webp","srcSet":"/static/9103d9b2b2f0966090918b695ecf39db/d1fa5/content_20syndication.webp 750w,\n/static/9103d9b2b2f0966090918b695ecf39db/b956e/content_20syndication.webp 1024w","sizes":"100vw"},"sources":[]},"width":1,"height":0.4228515625}}}}},"timeToRead":null,"sections":[{"fieldGroupName":"post_Acfpost_Sections_ArticleRichTextContent","content":"<p>In 1846, a group (or syndicate) of five New York City newspapers found covering the Mexican-American war too expensive and too slow to do individually. So they funded a private mail service to bring back dispatches from reporters in Texas, sharing both the content and the cost. Thus was born the Associated Press—and content syndication.</p>\n<p>Today, content syndication is still a tactic many businesses use to maximize their content’s reach in a cost-efficient way. Sharing one piece of content across multiple publications can help you make the most of the content you work hard to create by disseminating it to a wider audience. Here’s what content syndication is and how you can get started doing it.</p>\n<div class=\"marketing-block marketing-block--light marketing-block--padded\">\n<p class=\"heading--2\">Table of Contents</p>\n<ul>\n<li>What is content syndication?</li>\n<li>How does content syndication work?</li>\n<li>Free vs. paid content syndication</li>\n<li>Benefits of content syndication</li>\n<li>How to create a syndication strategy</li>\n</ul>\n</div>\n<h2 id=\"1\">What is content syndication?</h2>\n<p>Content syndication is the practice of republishing web content, including blog posts, videos, audio content and podcasts, and graphics, on other websites—with permission, of course. The main reason businesses engage in content syndication is to reach a broader audience than they otherwise would have publishing on their website alone.</p>\n<p>When you repurpose content originally published on your site to other sites, that grows your audience, improves brand recognition, and drives traffic back to you, without damaging your SEO performance. As such, it’s considered a form of content marketing.</p>\n<p>Take BestSelf Co., for example. Via content syndication, it was able to build an audience large enough (more than 3,000 subscribers in three weeks) to launch a Kickstarter that ultimately raised over $300,000.</p>\n<h2 id=\"2\">How does content syndication work?</h2>\n<p>Syndicated content is clearly marked and always links back to where it originally appeared. The content being syndicated can appear in full or in part on other sites; sometimes it may only appear with a headline and a link. Syndicating content to a partner website can also be reciprocal: you might also agree to republish content from their blog, which gives your own blog additional content.</p>\n<p>When it comes to search engine optimization (SEO<a href=\"https://www.shopify.com/blog/seo-checklist-online-store\" target=\"_blank\" rel=\"noopener\">)</a>, Google’s algorithm punishes duplicate content, but syndicated content isn’t considered duplicate when it’s correctly attributed. That means syndicated content should be clearly labeled as having appeared somewhere else first and should link back to where you originally published it on your website.</p>\n<div class=\"responsive-video-wrapper gutter-bottom\"><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https://www.youtube.com/embed/x8kSE70o_qE\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"></iframe></div>\n<h2 id=\"3\">Free vs. paid content syndication</h2>\n<p>Like most business marketing strategies, content syndication entails free and paid options. When choosing where to syndicate content, take a look at your budget as well as the target audience of the outlet, making sure it matches or complements your own.</p>\n<p>Free content syndication involves republishing content that appears on your website on another platform or publication. A content creator could do this on:</p>\n<ul>\n<li><strong>A free, public website. </strong>Anyone can freely repost content that has originally been published elsewhere (with credit, of course) on a website such as Medium or LinkedIn. These websites can host entire articles, rather than just an excerpt or link like social media platforms do.</li>\n<li><strong>Industry or special-interest blogs. </strong>Industry and special interest blogs will often be open to running your relevant content, as long as they believe it fits the needs and interests of their audience. An industry blog about shoes, for instance, might be interested in your shoe business’s blog post about the benefits of running in barefoot sneakers.</li>\n<li><strong>A large media outlet. </strong>Perhaps the holy grail of content syndication is if a media outlet like HuffPost or <em>Forbes</em> approaches you directly, asking to repost your content. This isn’t easy to do, since media companies have their own journalistic standards about what they publish. Your content has to be good enough to attract their attention organically.</li>\n</ul>\n<p>Other free platforms include community-specific forums like Reddit and niche Facebook groups. Allen Brouwer and Cathryn Lavery, co-founders of BestSelf Co<a href=\"https://www.shopify.com/blog/bestself-co-content-syndication\" target=\"_blank\" rel=\"noopener\">.</a>, tried both. During a podcast conversation these co-founders shared their opinions on:</p>\n<ul>\n<li><strong>Facebook groups:</strong> “We’d go into Facebook groups and we’d write a specific post targeted to that Facebook group that isn’t spamming, it’s there to provide value. If you go into Facebook groups and start copying and pasting into a hundred different groups, it’s not going to work out well for you. It’s a very manual process, but it works, it has worked for us. The problem is not many people do it because it does take effort. You need to go in, you need to create a post that’s specific to that group that talks the language inside that group.”</li>\n<li><strong>Reddit:</strong> “Another example is Reddit. If you’re not speaking Reddit’s language you are going to get destroyed. I recommend going into Reddit and actually participating there before you start syndicating. Just so you can understand the lingo, understand how it works, understand how you format a written post in there. A lot of subreddits don’t even let you post until you’ve been vetted almost. It’s getting in there and understanding that target market and understanding how they talk, how they communicate, and communicating to them via value. Then they’ll reciprocate, come to your site. Hopefully if you’ve done everything correctly they’ll opt in and you’ll grow that list.”</li>\n</ul>\n<p>Paid content syndication is, as its name suggests, syndication you pay for. It generally refers to two distinct forms of distribution:</p>\n<ul>\n<li><strong>Wire services. </strong>Services such as PR Newswire and GlobeNewswire distribute content, usually press releases, publicly. The press releases, which range from a new product announcement to how a major car manufacturer is observing Earth Day, first appear on a company’s website, and the syndicate content appears on these third-party sites. These syndication services can cost hundreds or even thousands of dollars per release, so it’s usually medium to large companies that pay for them.</li>\n<li><strong>Native advertising services.</strong> These content syndication platforms, also called “content discovery services” include companies such as Taboola and Outbrain. They function more similarly to Google Ads in that a company pays them to distribute articles at the bottom of the page of third-party sites. The articles you see are targeted to you based on your browsing history. Notably, while marketers do consider native advertising to be paid syndication, it works differently than other types of content syndication because the article does not appear in full on another website. Instead, just the headline and image are posted on the third-party website, and the link directs traffic back to the original site. Both Taboola and Outbrain use a pay-per-click model.</li>\n</ul>\n<h2 id=\"4\">Benefits of content syndication</h2>\n<p>The goal of content syndication is to increase how often your brand appears online and how many people see your content. The benefits of coming up with a content syndication strategy can include:</p>\n<ul>\n<li><strong>Higher</strong> <strong>brand awareness.</strong> The more often your name appears online attached to a piece of content, and the more people consuming it, the more those readers will be thinking about and (hopefully) talking about your brand.</li>\n<li><strong>Better website presence.</strong> Since publishing your article on other sites links back to your website, it can increase traffic to your website as users follow those links. The backlinks on third-party sites may also improve your site’s SEO.</li>\n<li><strong>More sales.</strong> Content syndication can increase the amount of people who see your brand, which may encourage them to take a look at your product offerings and maybe even (one day down the line) make a purchase.</li>\n</ul>\n<div class=\"responsive-video-wrapper gutter-bottom\"><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https://www.youtube.com/embed/X4lXu4TaS-A\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"></iframe></div>\n<h2 id=\"5\">How to create a syndication strategy</h2>\n<p>Whether your site is large or small, identifying the right syndication strategy will ensure your valuable content doesn’t go to waste.</p>\n<ol>\n<li>Set goals</li>\n<li>Set a budget</li>\n<li>Create engaging content</li>\n<li>Set your site up for success</li>\n<li>Target relevant partners</li>\n<li>Evaluate the results</li>\n</ol>\n<h3 id=\"11\">1. Set goals</h3>\n<p>What you are trying to accomplish with content syndication will call for different tactics, so it’s important to identify what you want to get out of it. A goal could be to increase brand awareness or generate new leads. An online craft store might want to get more knitting fans to sign up for its newsletter, so it would repurpose its how-to knit blog posts on Medium.</p>\n<h3 id=\"12\">2. Set a budget</h3>\n<p>Next, decide if you want to pursue paid or stick to free syndication. If your budget is zero, you can use the free options listed above. If you have a budget, content discovery services such as Taboola can be effective for driving leads, as they refer directly to your site. Wire services can help drive investor interest, improve brand recognition, or even support organic media coverage.</p>\n<h3 id=\"13\">3. Create engaging content</h3>\n<p>Your most valuable tool in content syndication is creating content that people want to consume. Audiences tend to connect with specific, personal stories. Make sure to edit any articles you write thoroughly so it’s clear and free of typos and other errors. If your idea lends itself to a graphic, those can also help make your article more engaging.</p>\n<h3 id=\"14\">4. Set your site up for success</h3>\n<p>Before your content is syndicated, it needs to be housed on your website. Make sure you optimize your website for syndication. Your blog needs to use the “rel=canonical” tag for original content. This tag, located in the html code of your site, ensures that Google and other search engines identify your site as the original location of the content, which will push your site higher in the search rankings. Whether you use WordPress, Squarespace, Wix, or another website builder, you should be able to find a how-to on including this piece of code in the right place.</p>\n<h3 id=\"15\">5. Target relevant partners</h3>\n<p>For free content syndication, look for similarly sized or larger outlets that have a similar target audience as you. Approach them with a highly customized outreach message about why your content is a good match for their audience. Persistence is key, so don’t be afraid to reach out multiple times.</p>\n<p>For paid content syndication platforms, research your options and find a reputable partner who works with sites that are already serving your target audience.</p>\n<h3 id=\"16\">6. Evaluate the results</h3>\n<p>Track your content’s performance against the goals you set in the beginning. Did you drive the amount of web traffic, social media follows, or leads that you set out to? Analyze what you achieved and compare it to the money (and time) you spent on it to determine if the syndication effort had a positive return on investment.</p>\n<div class=\"marketing-block marketing-block--light marketing-block--padded\">\n<div>\n<h2>Content syndication FAQ</h2>\n<div>\n<h3>Can syndicating my content hurt my website&#8217;s SEO?</h3>\n<div>\n<div>\n<p>Content syndication can hurt your site’s SEO, but it doesn’t have to. In fact, valuable backlinks and consistent traffic from syndication can even help boost your SEO. Google’s algorithm punishes duplicate content, but syndicated content—when correctly attributed—isn’t considered duplicate. Content syndicated on your partners’ sites should be labeled as having appeared somewhere else first (on your site) and should link back to where you originally published it.</p>\n</div>\n</div>\n</div>\n<div>\n<h3>How do I ensure that my syndicated content is properly attributed to me?</h3>\n<div>\n<div>\n<p>Well-established, reputable media outlets do not run unattributed content—so pick syndication partners carefully. It’s also important that you do the work to send the appropriate links to the original piece of content and attribution information. If you find your content on another site unattributed, that’s not content syndication, that’s content duplication, or may even be plagiarism.</p>\n</div>\n</div>\n</div>\n<div>\n<h3>What is an example of syndication?</h3>\n<div>\n<div>\n<p>Anything that has been published before and is being reposted or rebroadcast by a new outlet is in syndication. Classic ’90s sitcoms appear on Netflix via syndication. An AP article in The New York Times has been syndicated, as has a shoe company’s blog post that is republished on Medium.</p>\n</div>\n</div>\n</div>\n<div>\n<h3>Is content syndication the same as guest blogging?</h3>\n<div>\n<div>\n<p>Content syndication is not the same as guest blogging. Guest blog posts are original content created by someone outside the blog where they are published. If you have an idea for a guest blog post for a site like Forbes or Business Insider, you can pitch those publications directly. Keep in mind, though, the article must be original.</p>\n<p>https://www.shopify.com/blog/content-syndication</p>\n</div>\n</div>\n</div>\n</div>\n</div>\n"}]},"page_header":{"background":null,"backgroundOpacity":100,"color":null,"fieldGroupName":"page_header","title":"Content Syndication 2023","opacity":100,"position":"on","size":{"desktop":64,"tablet":null,"mobile":null},"spaces":{"top":null,"bottom":null,"leftright":null,"units":"em"}},"link":"/blog/content-syndication-definition-benefits-and-how-it-works"},{"id":"cG9zdDo1Mzc1","title":"Articles of Organization: Definition, Templates & Examples (2023)","date":"24.05.2023","schemaDate":"2023-05-24","modifiedGmt":"2023-07-28T07:53:43","slug":"articles-of-organization-definition-templates-examples-2023","acfSchemaPost":{"blogPostingImage":null},"categories":{"nodes":[{"id":"dGVybTox","name":"General Articles"}]},"levels":{"nodes":[]},"acfPost":{"fieldGroupName":"acfPost","excerpt":"If you’re looking to start a new business, you may opt to form an LLC, or limited liability company, which is one of the more common options for a small company. In order to establish an LLC, you’ll need to file articles of organization.\r\nArticles of organization are foundational legal documents for establishing a business entity in the form of an LLC in any given state in the US.","squaredImage":{"altText":"Articles of Organization: Definition, Templates & Examples (2023)","localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"fullWidth","backgroundColor":"#f8c8c8","images":{"fallback":{"src":"/static/42bc6e64d2014aeba0436b1d903aed77/b956e/articles_20of_20organization.webp","srcSet":"/static/42bc6e64d2014aeba0436b1d903aed77/d1fa5/articles_20of_20organization.webp 750w,\n/static/42bc6e64d2014aeba0436b1d903aed77/b956e/articles_20of_20organization.webp 1024w","sizes":"100vw"},"sources":[]},"width":1,"height":0.4228515625}}}},"metaData":{"title":null,"description":"Learn how to start a new business by forming an LLC through the filing of articles of organization. This comprehensive guide explains what articles of organization are, why they are necessary, and provides step-by-step instructions on how to file and structure them. Find templates, examples, and state-specific information to help you navigate the process and establish your LLC successfully"},"banner":{"title":"Articles of Organization: Definition, Templates & Examples (2023)","showTitle":true,"image":{"altText":"Articles of Organization: Definition, Templates & Examples (2023)","localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"fullWidth","backgroundColor":"#f8c8c8","images":{"fallback":{"src":"/static/42bc6e64d2014aeba0436b1d903aed77/b956e/articles_20of_20organization.webp","srcSet":"/static/42bc6e64d2014aeba0436b1d903aed77/d1fa5/articles_20of_20organization.webp 750w,\n/static/42bc6e64d2014aeba0436b1d903aed77/b956e/articles_20of_20organization.webp 1024w","sizes":"100vw"},"sources":[]},"width":1,"height":0.4228515625}}}}},"timeToRead":null,"sections":[{"fieldGroupName":"post_Acfpost_Sections_ArticleRichTextContent","content":"<p>If you’re looking to start a new business, you may opt to form an LLC, or limited liability company, which is one of the more common options for a small company. In order to establish an LLC, you’ll need to file articles of organization.</p>\n<p>Articles of organization are foundational legal documents for establishing a business entity in the form of an LLC in any given state in the US.</p>\n<p>In this article, you’ll learn more about what articles of organization are, why you need to submit them, and how to get started filing them to create your LLC and new business.</p>\n<div class=\"marketing-block marketing-block--light marketing-block--padded\">\n<p class=\"heading--2\">Table of Contents</p>\n<ul>\n<li>What are articles of organization?</li>\n<li>Why are articles of organization needed?</li>\n<li>How to file and structure your LLC’s articles of organization</li>\n<li>LLC articles of organization templates and examples</li>\n<li>Articles of organization FAQ</li>\n</ul>\n</div>\n<h2 id=\"1\">What are articles of organization?</h2>\n<p>Articles of organization are legal documents involved with setting up an LLC within a US state. They set out legal rights, capabilities, fiduciary duties, potential liabilities, and other official aspects of the relationship between each member of an LLC, as well as between members and the LLC itself.</p>\n<p>Articles of organization also include the operating agreement and the corporate statutes in the state where they are filed.</p>\n<p>You file articles of organization with your state government. An LLC must meet specific requirements set forth by the individual state authority in the area where it will do business. The state also typically requires businesses to pay a fee when filing articles of organization. Some states may refer to these as a certificate of formation or certificate of organization instead.</p>\n<p>Articles of organization are LLC-specific, but are very similar to the articles of incorporation that are filed when setting up a corporation.</p>\n<h2 id=\"2\">Why are articles of organization needed?</h2>\n<p>Without articles of organization, your limited liability company doesn’t legally exist.</p>\n<p>The document helps to create a public record of your business information and existence, including the business name, your name and contact information, and other information about where to send lawsuits and legal notices.</p>\n<p>If you’re running your business from home and don’t want your personal address to be listed publicly as a place to send official notices, you can work with a registered agent.</p>\n<p>A registered agent provides their address for this type of communication. Some companies exist solely to provide registered agent services; however, small-business lawyers often offer their offices as your registered agent for an annual fee.</p>\n<p>If you choose to work with a small business lawyer to help set up your LLC or file your articles of organization, check to see if they can serve as your registered agent as well.</p>\n<h2 id=\"3\">How to file and structure your LLC&#8217;s articles of organization</h2>\n<p>When you’re ready to get your LLC going, follow these four steps to properly file and structure your articles of organization. As the guide goes into, the details required can be vastly different state by state.</p>\n<h3>1. Go to your state’s filing website</h3>\n<p>Start by going to your state’s filing website—typically the secretary of state website. Learn more about where to find and file your state’s articles of organization forms below:</p>\n<table>\n<tbody>\n<tr>\n<td>Alabama</td>\n<td>Alaska</td>\n<td>Arizona</td>\n</tr>\n<tr>\n<td>Arkansas</td>\n<td>California</td>\n<td>Colorado</td>\n</tr>\n<tr>\n<td>Connecticut</td>\n<td>Delaware</td>\n<td>Florida</td>\n</tr>\n<tr>\n<td>Georgia</td>\n<td>Hawaii</td>\n<td>Idaho</td>\n</tr>\n<tr>\n<td>Illinois</td>\n<td>Indiana</td>\n<td>Iowa</td>\n</tr>\n<tr>\n<td>Kansas</td>\n<td>Kentucky</td>\n<td>Louisiana</td>\n</tr>\n<tr>\n<td>Maine</td>\n<td>Maryland</td>\n<td>Massachusetts</td>\n</tr>\n<tr>\n<td>Michigan</td>\n<td>Minnesota</td>\n<td>Mississippi</td>\n</tr>\n<tr>\n<td>Missouri</td>\n<td>Montana</td>\n<td>Nebraska</td>\n</tr>\n<tr>\n<td>Nevada</td>\n<td>New Hampshire</td>\n<td>New Jersey</td>\n</tr>\n<tr>\n<td>New Mexico</td>\n<td>New York</td>\n<td>North Carolina</td>\n</tr>\n<tr>\n<td>North Dakota</td>\n<td>Ohio</td>\n<td>Oklahoma</td>\n</tr>\n<tr>\n<td>Oregon</td>\n<td>Pennsylvania</td>\n<td>Rhode Island</td>\n</tr>\n<tr>\n<td>South Carolina</td>\n<td>South Dakota</td>\n<td>Tennessee</td>\n</tr>\n<tr>\n<td>Texas</td>\n<td>Utah</td>\n<td>Vermont</td>\n</tr>\n<tr>\n<td>Virginia</td>\n<td>Washington</td>\n<td>West Virginia</td>\n</tr>\n<tr>\n<td>Wisconsin</td>\n<td>Wyoming</td>\n</tr>\n</tbody>\n</table>\n<p>Pay attention to whether your state calls them articles of organization, certificate of formation, or certificate of organization so you know how to find your document.</p>\n<p>Each article above tells you where to find your articles of organization document, how to file it (i.e., by mail, or if you can submit it online), what the filing fee is (anywhere from $50 to $200), and any additional information you need.</p>\n<h3>2. Gather the information needed by your state</h3>\n<p>Next, gather the information you’re going to need to file your articles of organization and fully form your LLC. Again, pay attention to the specific requirements of your state. The form will be reviewed by the filing state’s secretary of state or corporate registrar, so it’s important to stick to your state’s guidelines.</p>\n<p>Here are a few examples of just how particular state authorities can get, highlighting why it’s important you carefully review your local rules before filing:</p>\n<ul>\n<li><strong>Naming.</strong> In most states, the company name must indicate that it is an LLC—but there are state-by-state distinctions. In Oklahoma, for example, the LLC identifier can be abbreviated (“LLC” at the end of the name); in Kentucky, it must be fully spelled out (“Limited Liability Company”).</li>\n<li><strong>Periodic reports.</strong> Most states require LLCs to file periodic reports with the appropriate regulatory agency. But requirements vary by location. California, Iowa, and Indiana require biennial reporting, for example; Pennsylvania requires a report only once per decade.</li>\n<li><strong>Filing fee.</strong> Some states require special fees, in addition to overall filing fees, paid to certain agencies when filing articles of organization. For example, in California, you must pay the franchise tax fee; in West Virginia, you must pay the state tax department; Connecticut LLCs must pay a biennial business entity tax in years ending with an odd number.</li>\n<li><strong>Management.</strong> Who will manage your LLC? Some states require you to clarify in your filing whether your LLC is “member managed” (managed by all or some of the LLC members) or “manager managed” (managed by a third party hired by the members). Rhode Island and New Mexico are two such states. In most states, LLCs are designated member-managed by default.</li>\n<li><strong>Notice.</strong> A little pomp and circumstance is sometimes necessary. In Nebraska, filers of articles of organization must publish a “notice of formation” in one newspaper for three consecutive weeks.</li>\n<li><strong>Certification.</strong> Some states—like Massachusetts, New Jersey, Iowa, and Mississippi—require that you file a “certificate of organization” prior to or in lieu of filing articles of organization.</li>\n<li><strong>Operating agreements.</strong> New Hampshire, North Carolina, Idaho, and South Dakota do not require you to create an operating agreement—a document reflecting the functional and financial operations of the company—with your articles. States that require filing an operating agreement include New York, California, and Missouri.</li>\n</ul>\n<h3>3. Fill out the form with the proper structure</h3>\n<p>Once you have the information you need in order to fill out your form, it’s time to input the proper information. Here’s a sample form from South Carolina:</p>\n<div>\n<figure><img decoding=\"async\" class=\" lazyloaded\" src=\"https://cdn.shopify.com/s/files/1/0070/7032/files/Articles_of_Org1.png?format=webp&amp;v=1683157500\" alt=\"Example of South Carolina's Article of Organization\" data-src=\"https://cdn.shopify.com/s/files/1/0070/7032/files/Articles_of_Org1.png?format=webp&amp;v=1683157500\" /><figcaption><em>South Carolina Secretary of State</em></figcaption></figure>\n<p>The information you need to fill out on your form will vary from state to state. Some of the fields you could expect to see on your own articles of organization form include:</p>\n<ul>\n<li><strong>Business/LLC name.</strong> Input the name of your business, along with one of the “LLC” notations behind it. This is also the point where you decide whether you want to have a comma between your business name and LLC or not. Make sure your business name is available and not in use by another company or your form may be rejected.</li>\n</ul>\n<ul>\n<li><strong>LLC address.</strong> This will need to be the street address of either your home office or place of business. A P.O. box is typically not accepted for this particular need.</li>\n</ul>\n<ul>\n<li><strong>Mailing address.</strong> If this is different from the street address (i.e., a P.O. box), you can fill this field out.</li>\n</ul>\n<ul>\n<li><strong>State date.</strong> The date you’re starting your business. This is often the date that you file your articles of organization. However, you can choose a date in the future if you don’t plan to start business operations yet.</li>\n</ul>\n<ul>\n<li><strong>Business/LLC purpose.</strong> You can list anything from “business services” to a more specific “ecommerce craft store” for your business’s purpose.</li>\n</ul>\n<ul>\n<li><strong>LLC members/managers.</strong> This relates back to who is managing the LLC—members or managers. You’ll need to list all of the members if member-managed or the management company/manager if manager-managed.</li>\n</ul>\n<ul>\n<li><strong>Registered agent.</strong> The registered agent (also called resident agent or statutory agent in some states) is in charge of receiving legal paperwork for your business. You can act as your own registered agent in some states, or you can hire an entity to act as your registered agent for you. You’ll input their information here.</li>\n</ul>\n<ul>\n<li><strong>Period of duration.</strong> You can choose to have a perpetual LLC, which means it will continue to exist until manually dissolved. Or you can choose a time period for your LLC to be active.</li>\n</ul>\n<h3>4. File your articles of organization</h3>\n<p>Once you’ve filled out the fields in your articles of organization form, it’s time to file them. These requirements will also vary state by state.</p>\n<p>In some states, you can simply submit your form and filing fee online. Others require you to mail it in alongside a check. Look into your state’s requirements so you can get your form submitted and be on your way to forming your LLC.</p>\n<h2 id=\"4\">LLC articles of organization templates and examples</h2>\n<p>To make the process easier on you, here are some articles of organization templates and examples.</p>\n<h3>Free articles of organization template</h3>\n<figure><img decoding=\"async\" class=\" lazyloaded\" src=\"https://cdn.shopify.com/s/files/1/0070/7032/files/aoo2.png?format=webp&amp;v=1683157747\" alt=\"An article of organization template\" data-src=\"https://cdn.shopify.com/s/files/1/0070/7032/files/aoo2.png?format=webp&amp;v=1683157747\" /><figcaption><em>North West Registered Agent</em></figcaption></figure>\n<p>The above template is available as a free articles of organization template that includes most of the information your state will need. You can fill this out and file it if your state allows. However, you may need to download your state’s specific form.</p>\n<h3>California articles of organization example</h3>\n<p>&nbsp;</p>\n<figure><strong><img decoding=\"async\" class=\" lazyloaded\" src=\"https://cdn.shopify.com/s/files/1/0070/7032/files/aoo3.png?format=webp&amp;v=1683157739\" alt=\"Example of an article of organization from California\" data-src=\"https://cdn.shopify.com/s/files/1/0070/7032/files/aoo3.png?format=webp&amp;v=1683157739\" /></strong><figcaption>Suzie Q works on Shopify Scripts from her New Zealand office. <em>California Secretary of State</em></figcaption></figure>\n<p>Here’s an example of California’s articles of organization form. This state allows online filing, making it easy to fill out and submit within minutes. It’s a simple one-page form that requires information like your business name, designated office address, mailing address (if different), purpose statement, and more.</p>\n<h3>New York articles of organization example</h3>\n<figure><img decoding=\"async\" class=\" lazyloaded\" src=\"https://cdn.shopify.com/s/files/1/0070/7032/files/aoo4.png?format=webp&amp;v=1683157799\" alt=\"Example of an article of organization from New York\" data-src=\"https://cdn.shopify.com/s/files/1/0070/7032/files/aoo4.png?format=webp&amp;v=1683157799\" /></figure>\n<figure><figcaption><em>New York Department of State</em></figcaption></figure>\n<p>New York state also allows articles of organization to be filed completely online, but you can still download the form above to fill out and mail if you choose. Input your LLC’s name, county, and more to fulfill the requirements and get your New York business up and running.</p>\n<h2>File your articles of organization based on your state requirements</h2>\n<p>If you’re ready to file your articles of organization, there are a few final details to note. First, while it’s not required to retain an attorney to file your articles, an attorney licensed in your place of business will have a good understanding of any unique requirements.</p>\n<p>Keep in mind that articles of organization do not suffice as a business license, and you will need to apply for this separately. Finally, articles of organization are public record in all states. Be aware of this, and don’t include anything in your filing that you don’t wish to be public knowledge.Articles of organization FAQ</p>\n<div class=\"marketing-block marketing-block--light marketing-block--padded\">\n<div>\n<h3>What do articles of organization do?</h3>\n<div>\n<div>\n<p>Articles of organization create a public record of your business information with your state’s officials.</p>\n</div>\n</div>\n</div>\n<div>\n<h3>How do you write articles of organization?</h3>\n<div>\n<div>\n<p>Articles of organization are a document that is used to form a limited liability company (LLC) in the United States. It must be filed with the state government in order to legally form the LLC. The document includes information about the LLC, such as its name, purpose, and members. The article of organization also includes the name and address of the LLC’s registered agent and must be written in accordance with the laws of the state in which the LLC is being formed.</p>\n</div>\n</div>\n</div>\n<div>\n<h3>Do I need articles of organization?</h3>\n<div>\n<div>\n<p>If you plan to form an LLC within your state, yes, you need articles of organization, or your state’s equivalent, on file.</p>\n</div>\n</div>\n</div>\n<div>\n<h3>Can my articles of organization be rejected?</h3>\n<div>\n<div>\n<p>Yes, your articles of organization can be rejected. This can be due to not following the proper filing process, information being filled out incorrectly, or your business name already being taken.</p>\n</div>\n</div>\n</div>\n<div>\n<h3>What happens after I file my articles of organization?</h3>\n<div>\n<div>\n<p>If approved, your business will be established as a separate legal entity. This is a key part in legally forming your LLC. Make sure to complete the other forms and requirements to finalize your LLC before you can begin business operations. These other tasks include:</p>\n<p>&#8211; Creating your operating agreement<br />\n&#8211; Getting an EIN (employer identification number)<br />\n&#8211; Opening a business bank account<br />\n&#8211; Getting a business license</p>\n</div>\n</div>\n</div>\n<div>\n<h3>Where do you file articles of organization?</h3>\n<div>\n<div>\n<p>Most states require you to file articles of organization with your secretary of state. You can do this either online or by mail, depending on your state’s requirements.</p>\n<p>https://www.shopify.com/blog/articles-of-organization</p>\n</div>\n</div>\n</div>\n</div>\n</div>\n"}]},"page_header":{"background":null,"backgroundOpacity":100,"color":null,"fieldGroupName":"page_header","title":"Articles of Organization 2023","opacity":100,"position":"on","size":{"desktop":64,"tablet":null,"mobile":null},"spaces":{"top":null,"bottom":null,"leftright":null,"units":"em"}},"link":"/blog/articles-of-organization-definition-templates-examples-2023"}],"totalCount":136,"currentCategorySlug":"","pageTitle":"Blog","lastmod":"2026-09-29"}},
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