Revolutionise Your Small Business Finances: Cut Costs and Increase Profits with Lamp

Running a small business comes with its unique set of challenges, especially when it comes to managing costs and profits. Did you know that small businesses often spend the majority of their revenue on operational costs? Entrepreneurs shouldn’t have to sacrifice a lion’s share of their profits to stay afloat.

With Lamp, you can enjoy a fee-free selling experience in our marketplace that reduces costs and helps you earn more. Explore Lamp’s features and tools that will help you transform your business finances.

Earn More Money with Lamp

1. No Fees for Marketplace

With Lamp, you don’t need to pay any seller, subscription or listing fees to sell on our marketplace. How is it possible, you may ask? Lamp cuts out intermediaries by using open banking technology as the payment system, combined with QR codes and account to account transfers. As a result, you can lower your costs, reward your customers, and increase your profits.

2. Financial Account and Instant Payments

Managing your earnings is easy with Lamp’s financial account. A wide range of AI tools can help you manage transactions, analyse spending, manage savings and more.

Moreover, Lamp’s direct payment model cuts out unnecessary costs, allowing you to receive instant payments and have more control over your cashflow.

3. Free Advertising

Advertising can be a substantial expense for small businesses. With Lamp, you have a unique opportunity to promote your business for free. How? Lamp sellers can offer discounts to their customers, loyalty rewards and exclusive offers by creating a rewards program. So when you reward Lamp members, you can enjoy free advertisements!

4. AI-Powered Insights and Efficient Advertising

Using AI, Lamp provides detailed insights into customer behaviour. It allows you to understand your customers’ preferences, purchase patterns and needs better. This way, you ensure that your promotions reach the right audience. You can save valuable time and resources by targeting specific customers who are interested in your product, and avoid those who are not likely to be interested, increasing the effectiveness of your marketing efforts.

5. Ownership Benefits

With Lamp’s exceptional user-owner model, merchants gain rewards with every payment they receive via Lamp. These rewards provide you with a life-changing advantage - a share of 10% of the company’s future profits. Your ownership benefits will increase as Lamp grows and becomes more profitable.

6. Cost Calculator

In most cases, compared with alternatives, Lamp is 50-75% cheaper. Modern technology helps the company eliminate unnecessary payment intermediaries, so you save money.

In the short term, saving a little bit on your total costs doesn’t seem like much, but over time, it adds up to a lot more profits for you. Using Lamp’s cost calculator, you can estimate the amount of your potential savings and earnings. Just input the necessary data in the calculator as shown in the example below:

Try it yourself, here: https://www.lampaccount.com/merchants.

Conclusion

Small businesses often face financial challenges. Minimising costs and maximising profits doesn’t have to be a daunting task. With Lamp’s comprehensive AI-driven tools and features, small merchants can achieve the financial efficiency and success usually only available to much larger businesses.

Join the growing community of sellers transforming their businesses with Lamp and take your small business management to the next level. You can read more articles about enhancing your small business in our blog.