An Insight into Counterfeiting & Forgery: Tips on How to Protect Your Business


In the latter part of the 20th century the North Korean regime had become so prolific in forging US currency that at one point an estimated 1 in 2 $100 bills were estimated to be North Korean forgeries.

It isn’t just rogue states though that specialise in counterfeiting and forgeries. In 2005 a British criminal enterprise was found to have produced over $35 million in fake dollars that were significantly undermining both the American and British economies.

If global super powers like the USA are regularly falling victim to counterfeiting and forgery, so could you. Without the resources of the CIA and FBI behind you, how can you be expected to ward off this threat?

Below we outline the very real risks of counterfeiting and forgery to small businesses and tell you about the simple yet effective business checks you can utilise to protect your finances.


Counterfeiting & Forgery Trends

In the USA last year the levels of counterfeiting and forgery were up on the previous year with the most common complaint being check fraud. This accounted for an estimated $1.3 billion in industry losses and overtook debit card fraud as the number 1 method of fraud in the country.

Check fraud could be as simple as adding an extra 0 to a check you receive from a loved one for your birthday, or it could involve criminals ‘washing’ checks your checks to your suppliers and redirecting the funds to themselves.

In 2020 there was also a rise in the number of fraudsters producing counterfeit/forged communications. Typically a fraudster may hack your customer database and then contact your customers pretending to represent your organisation and offer refunds or rebates.

Once in possession of customer’s financial details, the fraudsters will then withdraw money from you customers’ accounts under the illusion that they are depositing refunds. Despite your company not being involved in these scams, these instances can nonetheless irrevocably change your reputation.


Combatting Counterfeiting & Forgery

There simply isn’t enough time to write an article that details all the ways in which you can guard against every type of counterfeiting and forgery threat. Instead we have compiled a number of tips on how to best protect yourself, your business and your clients from the risks of counterfeiting and forgery:

  1. Stay Informed: With every passing week there are new scams out there designed to take advantage of your company’s weak spots. Be sure to keep an eye out for the latest trends and scams in circulation. You can do things like the FBI’s Scam and Safety webpage.
  2. Train Staff: It’s not just you that needs to be informed of the latest scams out there and how to combat them. Your staff need to know what’s happening and what to look out for, make sure they are adequately trained.
  3. Safeguard Data: One of the most valuable things that your business is in possession of is the sensitive personal data of your customers and suppliers. Unsure as to what sensitive personal data is and how to protect it? Check out GDPR legislation from the EU, this provides guidance on the do’s and don’ts’ of data management.
  4. Smart Financial Systems: If you usually take control for your company’s finances or delegate it to someone else, maybe it’s time to start thinking about smart financial systems. This type of software adds an extra layer of protection to your operations and will help you to spot patterns or discrepancies.

In Summary

Counterfeiting and forgery is back on the rise in the US and you could fall victim to it if you are not adequately prepared.  Don’t take the risk of seeing your trading reputation going up in smoke or burning your profits, be clever and remain one step ahead of the threat.


Flourishing Providing In the Consumer’s Mindset

At the time of some of our gross sales workout sessions, people consentrate on the benefit with considering that providing period with both seller’s along with the consumer’s mindset. In truth, considering the shopper would make the choice approximately with certainty if to make use of ones products, their own mindset is usually vital. The majority sales staff discover the following with Gross sales info and people with ease fully understand the following, nonetheless they quite often fail.

In the primary issue with get hold of, prime sales staff take into consideration that the prospective client and site visitor might respond to these; take into consideration precisely what people claim; but will make an attempt to prepare for that prospect/customer’s goal list and must have. The lower conducting sales staff are generally primarily keen on precisely what they are able to distribute and how they may get their own plans the following 30 days.

It can be may be irritating for a prospective client and site visitor in the event the entire telephone call and assembly is related to owner. At the time of some of our times, once we consentrate on the main telephone call and the main voicemail message, people highlight that will there needs to be an issue inside for any prospect/customer to produce the following switch : may it be to pay in order to shop for.

Considering my own company together with As i are generally “prospects” to a lot stores, people are apt to hear sales staff which let us know with a few facets : for a possible client even though some sort of Gross sales Coach. Quite simply, people inquire by ouselves:

1) May well Taylor that product? 2) Might the following merchant furnish an example to make use of within our following work out?

We now have just claimed without a doubt to help these doubts several times. Quite often, that phones people get hold of are generally unexpected not concentrated on some of our must have. Allow me to share a few samples of message or calls with sales staff which don’t have more as compared to 26 a few seconds in our time period.

Case #1

Merchant : “Good day, may well As i meet with the one who would make that finance options? inch People : “That may be people. inch Merchant : “Okay, terrific. My organization is with ABC Corporation together with I want to arrange an occasion to pay following Wed to debate options we could help Taylor Effectiveness Options. People : “I’m not necessarily at work with that will morning; So i am with exercise. inch (I guessed I might allow him or her a try : he previously a superb telephone words. ) Merchant : “I are lost genital herpes virus treatments complete nevertheless ABC Corporation comes with available ways to several establishments inside Melville vicinity together with As i has been curious when 9 are is designed for people, considering I am in the market. inch People : (What has been your dog considering : Precisely what is their identity?… How come don’t your dog require my own identity?… Your dog fails to figure out what I?… Your dog didn’t take the time to travel to my own internet site in advance of phoning? ) Virtually no thanks a lot, So i am not necessarily serious together with Really easy to implement set off, So i am waiting around for some sort of national gathering telephone.

Case #2 : Take into account that As i talked to the current boyfriend again in earlier times.

Merchant : “Good day Linda, i am Kim together with My organization is with XYZ, Inc. People help establishments in the market together with As i need to get jointly to educate yourself precisely what Taylor Effectiveness Options will do together with propose options we could allow your enterprise. Is usually following Monday with 9 healthful? inch People : “We get talked in advance of together with people tend not to require any sort of office environment accessories today. inch Merchant : “Everyone must have some of our accessories. Now don’t get imitate devices, printing companies, fax devices, devices inside your office environment? inch People -(What I want to speak about : Without a doubt mister, My organization is a great fool together with don’t know that lifetime didn’t take without the need of people ending up in people. ) People : Precisely what As i really claimed : “Why do you consider I want these? inch (For a few purpose As i attempt to allow him or her a possibility. ) Merchant : “I are lost, which is the reason I want to pay. inch People : “Well, well then, i’ll help you slightly. Many of us have the device we’d like today. People outsource some of our producing has to a superb corporation termed Mimeo. Which means that, May possibly an individual fax product, a few printing companies together with a few devices. Many of us are arranged in the meantime. inch Merchant -“What does one create? inch People : (What As i has been considering : You may blew the idea. It’s best to at the least fully understand As i create exercise supplies. How come what’s present you with some of my own time period? ) People : Precisely what As i claimed : “You figure out what, As i need to set off. Thanks a lot with regard to phoning nevertheless people tend not to require ones solutions. inch

Footnote : The following merchant continuing to help telephone launched along with the exact same exact same sales pitch. The idea do not ever improved, your dog do not ever when pointed your dog was aware precisely what my own company managed together with As i do not ever witnessed benefits with ending up in him or her. Your dog additionally departed several voicemails, who were the identical, together with not any these voicemails forced people to pay using him or her. Yesterday morning, each of those with my own printing companies proceeded that fritz. As i decided on Costco!

Just lately, some sort of gross sales exercise player left a comment i ought to be a hard site visitor to accommodate since As i examine just about every get hold of. People layed out i imagine My organization is a hassle-free site visitor to cooperate with if you happen to look closely at precisely what My organization is declaring and get simple solution that can get my entire life far better and better. Additionally, I most certainly will pay for much more as compared to precisely what As i in the beginning budgeted in the event the merchant is usually accomplished at explaining people the worth health of their product together with with relating that will benefits to help my own must have. That stores As i help today, ensured with a few possibilities:

1) People studied my own corporation in advance of their own primary get hold of. 2) People took in (and pursue to listen) in my opinion together with get options which is to be great for my own company together with to do.

My organization is some sort of steadfast site visitor. As i send company to help my own stores and they’ll very likely get my own company with regard to a long time. Is not really that will genital herpes virus treatments just about all require?

3 Ways of Increase Ones Gross sales trading

1) Get hold of Allow in the Correct People End up heroic to help require allow. We should are up against your that you desire something/someone to help you out and unfortunately your company inside correct monitor ever again. Nevertheless, stay away from “experts” that will was aware practically nothing approximately your enterprise together with gross sales. Get hold of an gent who has some sort of good reputation for encounter with genital herpes virus treatments are generally experiencing. It would be some sort of discipline, it would be some sort of workshop, it would be a great sound DVD process, it would be some sort of booklet. The most important thing is usually the user gets started out.

2) Show up at Exercise Even though exercise is usually an additional version of “help” since referred to with issue virtually no. 1, We could not necessarily highlight even more. It would be people that will need exercise. It would be ones direction company that will need exercise. It would be ones sales force that will need exercise. At times, the proper exercise allows you to increase willingness, format that company to your correct guidance and find your enterprise inside correct monitor ever again!

3) End up Innovative together with Effective As soon as you fully understand you will be functioning using knowledge of increasing/ and at the least having that gross sales stage inside your company, you will be producing challenges. End up innovative. See ways to increase even more benefits to help clients without the need of negatively affecting your dollars move. See ways to job yourself/your corporation to your correct marketplace. These must have resourcefulness together with advancement in the process. That issue is usually: Do you want to associated risk?

If you’re not necessarily advancing, you will be going backward. Practically nothing stays the identical. That is the regulation in the galaxy. Hopefully you will be advancing.

That Purpose with Honesty For a Direction Product with Retail store Establishments

Stores hope their own people really on their transactions along with the company with their own co-workers. Clients hope the market and also its particular people really together with moral on their transactions with each other. People hope the market, it’s managers together with direction really with transactions with each other.

These are typically truthful anticipation for any.

Past what folks hope of each one many other, tone honesty are usually essential to help company correctly is just about tone together with known honesty that a lot of company tactics are generally well-known.

Negative honesty exhibited by way of the businessperson and senior citizen direction may well teach some others that company is usually wanting to slice aspects and come to terms with instances gray concerning precisely what is correct together with precisely what is mistaken. The following can result in people independently third , routines together with coming across as with company nevertheless working at virtually no more painful as compared to they also have witnessed a much more senior citizen people complete.

On a daily basis, company options are produced which often illustrate a posture with honesty. Get recycling where possible. When a company widely tells it’s invested in a particular recycling where possible approach nevertheless nowadays is usually wanting to use in different ways, people discover that will know the market takes dishonesty.

Just about every selection the place there does exist possibility to take action ethically and not necessarily is important to your company but not just with regard to precisely how the idea shows again to your general public nevertheless moreover with regard to precisely how the idea shows it’s honesty to help people.

Just one fashion to fulfill the moral test with company exactly may be to examine honesty using people. Generate a composition available which often moral doubts may be increased together with discussed. Set up a set : just by inbox and personally : wherein honesty may be layed out inside circumstance in the certain company. Take into consideration applying several examples to your set together with tempting dialogue to run a test that moral job in the company along with the people included.

Among the list of primary assignments on the set convened to debate honesty in the flooring buisingess is a progress with moral principles. The following doesn’t need being a longer page. An issue very simple which often commits the market and also its particular people to help confident routines probably will be more than enough to make helpful information to help every day options.

The most effective process, when honesty is extremely important back and unfortunately your company, may be to exist that within a fishbowl, thinking that will anything you claim together with and complete may be seen just by some others. The following means a good with treatment with probable moral challenges that is absolutely lost in any other case.

Establishments which often take time to examine together with ascertain composition available honesty are generally properly offered for some challenges experienced.

Gross sales Sales together with Potential customers Age bracket : Preferred together with Biggest Assortment of Recommendations

This informative article makes up the most effective together with biggest assortment of advise for gross sales sales together with potential customers age bracket. Additionally, that recommendations are generally battle-tested together with successful.

Get hold of recommendations recommendations with mates.
Propose you to ultimately guests: at the least 20 consistent with May well Girrard.
Inquire active clients with regard to even more gross sales.
Work with some sort of social networking set: irons, places of worship, organizations, Youtube, LinkedIn, Ning. Social networking, or anything else
Explore that probable agencies, the. Yahoo. LinkedIn: Personalized passions, deal connection subscriptions, friend associations, or anything else. See company intellect sites which include Hoovers.
Work ones own sites.
Keep an eye on sector: classifieds article content, world-wide-web boards, press announcements
Get chilly phones. Increase just about every chilly telephone.
Replace recommendations using associates, manufacturers.
Pay for associates, manufacturers, or anything else with regard to recommendations. i. grams. “Selling Sucks” suggests the following.
Work Stay workshops. Be described as a invitee audio. Coordinate Webinars.
Set off and play tradeshows.
Coordinate a gathering.
You are not selected with regard to neighborhood attempts.
Release video tutorials.
Distribute podcasts.
Distribute ezines, article content or anything else
Web site. Guest-blog.
Work and work with boards.
Inquire and provides reciprocal one-way links using many other sites managers.
Complete a few SEARCH ENGINE RANKING OPTIMIZATION (search algorithm optimization).
Complete creating of social bookmarks: delicious, reddit, or anything else.
Send ones press announcements.
Inbox Textbooks, Inbox Info Words.
Promotions: usual, world-wide-web
Replace promotions.
Special offers: issue process, bargains, merchandise,
Improve tactical alliances, three way partnership, or anything else.
Employ info exploration.
Get hold of head checklist with mktg data source agencies.
Ppc: seek and subject material.
100 % free software programs, blog, widgets, extensions,

Well-known Recommendations

Make time for two to help 8 a long time daily to undertake sales just.
Screenplay ones principles. Title/teaser and 4-sentence subject material and proactive approach
Screenplay ones words send principles.
Be equipped for well-known questions.
Furnish benefits with just about every issue with get hold of.

If you possibly can, additionally make an attempt to measure up ones prospective customers while doing so. Feel free to use these factors since: Corporation proportions, 12-monthly sales, yucky margins, doing work margins, sales grades, selection machines, selection time-frame, up-to-date company condition, their own spending plan together with finance circumstances, match ones products/services, or anything else.