That’s a frightening statistic, isn’t it? I mean, you work and invest your money for months on end, and you only have a 30% chance of making ANYTHING?Actually, there are good reasons for this, which is my reason for outlining a “making money online review”.First of all, the average personal actually isn’t even interested in “real ways to earn money online”…Why?Well, I heard an interesting quote today…”The second half of a man’s life is made up of nothing but the habits he has acquired during the first half.” – Feodor Dostoevski: Russian novelist, short story writer, essayist, journalist and philosopherThe thing is, we’re all creatures of habit; and, if you haven’t been REALLY DETERMINED to change your habits into power habits, then it’s way too easy to fall into the idea of “this isn’t for me”, or “I could never learn this stuff”.As frightening as that quote might be, it’s actually true. People who make money online from blogging are EXTREMELY PERSISTENT – and, they have a STRONG BELIEF in outcome.This is why personal development is really number one in discovering real ways to earn money online.But it’s really not all YOUR fault – there’s also a real failure among the industry in general.Here’s the thing about real ways to earn money online…Learning how to make money from blogging is fairly new in the industry – and well, you know, anything that’s new is bound to start off on the wrong foot.We all heard a couple of years ago that the way to make more money online is to simply “become the expert”.”Become the expert”? Yeah, right, like that’s gonna happen among the 99% of the people out there trying their best to learn how to make money blogging.We all heard about attraction marketing and when you become the expert, people from all over the globe will want to follow you and buy stuff from you.And, of course, that’s true. But think about it. When you are looking into real ways to earn money online, how willing are YOU to spend four years investing in your products while you’re learning to “become the expert”?Hence, this has created a generation of internet liars. Everyone out there is PRETENDING that THEY are the expert!But wait! There’s more…To add insult to injury, most of us were taught to follow up with our email list and just BLAST THE CRAP out of them with the SAME “compelling” sales video – over and over and over and over – until, well… EVENTUALLY they either unsubscribe or BUY!And, while that may have worked a couple of years ago, buy now people are just numb to that same old crap they’re seeing on the internet.Aren’t YOU just sick and tired of all those pop-over sales gimmick pages?So the result is that your open rates on your email blasts go down to about 1-2%.This means that, if you have 1000 people on your list, then you might get 20 people opening, and out of those 20, you’ll get maybe one person to click on your offer.And what do you think the chances are that one guy will BUY from YOU? Exactly!So, having said all that, the internet marketing industry is now making a real come-back with REAL ways to earn money online…Today’s message is to be yourself, and allow people be become attracted to you NATURALLY, while you leverage the success of other until you build your own.
Working Capital Loan For Your Business – What Happens When the Bank Says “No”?
Many small and medium sized retailers have found themselves in a difficult squeeze of circumstances when it comes to finding a working capital loan to fund expansion, purchase advertising, or merely continue funding day to day operations and payroll.According to the SBA (Small Business Administration), small businesses in need of capital can always go directly to the agency, or apply for a loan through one of the major banks that the agency guarantees loans with. An SBA backed loan is tailored for small business and will usually feature the most advantageous rates and terms. However, a business owner needs to remember that this type of loan is not a quick solution, as the process of underwriting and securing funds can often take longer than 3 months. Approvals in this restricted credit environment are also hard to come by and usually reserved for the most credit worthy businessesBusinesses that have made an investment in large amounts of physical assets such as office furniture, computers, or industrial equipment may be able to get a secured loan using these assets as collateral. Because the loan is secured, credit of the business and/or owner may not be as much of a factor as it would’ve been with an SBA type of loan.Typically, these types of loans are structured for longer terms, similar to an auto loan of 3, 5 or 7 years. Interest rates can also vary widely depending on the business, type of equipment the loan is secured against, and other factors. This type of loan also means the lender can take the equipment if the business defaults on the loan or is liquidated prior to full repayment. Contact a business loan broker to access this type of funding.For a business, especially retailers, that accept credit cards and have been unable to obtain financing through a traditional bank, a credit card receivable loan may be an answer. These loans are based off the businesses historical credit card receipts and are similar to a merchant cash advance. While the interest rates are not as low as an SBA type loan, that rates overall are generally 50-80% less than a merchant cash advance with no additional requirements to switch credit card processors or buy equipment. There are also no upfront fees or points, and businesses with owner credit as low as 550 can be approved.Businesses need to examine every avenue available to them in this historically bad economy when searching for a working capital loan. The above recommendations give at least a few different options that are out there for various business situations. If you are a retailer who needs a business loan and has a situation that couldn’t get approved by a bank, click here for more information.
Pick The Best Canadian Receivables Factoring and Financing! Cost and Rates Of Invoice Finance
We encountered a great term the other day when it comes to business financing – the term was ‘ expansionary finance ‘. Is it just us or does this term seem to perfectly cover off factoring and receivables financing.Often though three key issues come up when Canadian business owners and financial managers consider this type of financing. What are those 3 issues? They are the total cost of this type of financing, the rates associated with this facility, and probably most importantly what type of firm offers the best facility to match your company’s own specific needs.Let’s learn and cover off those issues, which will allow you to get more comfortable we think with this type of Canadian business financing.So, why should you even be considering receivables factoring? Simply because it has become a common way for Canadian business to cash flow their accounts receivable and generate working capital based on your own policy of extending credit terms to your customers.And, as most business owners know, sales does not equal cash flow and when business financing of your A/R is not available from your bank a logical place to turn to is to an independent finance firm that offers invoice financing.But, what does this type of financing cost, and who offers it, and an even better question… ‘How do you pick the best factoring partner?In Canada the financing and factoring of A/R varies widely. As a general rule we can say the cost is between 1-3% per month based on the size of the facility, your overall financial condition, and most importantly, whether you have sought out and picked the finance firm that best suits your needs.Let’s clarify our comment on your overall financial condition. Receivable financing places much less emphasis on your firms overall financial health – in fact a huge amount of Canadian firms that utilize this type of financing are in stages of turn around, high growth, experiencing temporary financial losses, etc. So don’t despair that your firm isn’t eligible. But, as we said, your client base, the size of your A/R portfolio on a monthly basis and some other factors will dictate your overall pricing.Frankly the best costs in factoring finance in Canada start to be achieved when your monthly financing capability for A/R is greater than 250k. Is there a ceiling on the amount of facility? Absolutely not, and facilities that go into the several millions of dollars on a monthly basis happen everyday in Canada.Clients often ask our favorite most recommended type of facility. That’s a simple one – its called C I D – which stands for confidential invoice discounting, allowing you to be in total control of billing and collecting your own a/r without any notification to clients that comes with the U.S. and U.K.versions of a/r finance.Remember also that when you are addressing the always top of the list issue with firms such as yourself, ‘ Cost ‘ that you need to factor in things you might never have thought about. They include your ability to grow your business and generate more profits simply because you now have the capital to do so, albeit at a higher cost. And couldn’t you offset some of the cost of factoring by taking discounts with your own suppliers (and improving relations with them along the way!), as well as purchasing more effectively with your new found working capital?So, in summary, if you need a financing partner when you are considering a receivable management and financing solution seek out and speak to a trusted, credible and experienced Canadian business financing advisor who will ensure your cost and partnership with your factoring firm is focused on a mutually beneficial relationship for financing success.