How to Qualify for Business Credit Lines

As a small business owner having access to cash continues to be a growing concern during these tough economic times. The majority of business owners prefer a line of credit because it allows a business to establish a significant amount of cash on demand to make purchases that are too large for a credit card and too small for a loan. However, when it comes to qualifying for a line of credit many small business owners are left in the dark.

First of all, the ideal time to apply for a business line of credit is during times of growth and cash flow. Banks are more likely to approve a credit line to a business when it doesn’t need the funds compared to one that is financially strapped. I would strongly encourage you to adopt a ‘dig your well before you get thirsty’ philosophy for your business.

If you think you’re business is just making it fine despite the current economic times and you don’t need the credit line think again! The reality is that your business will at one point require an influx of cash in order to cover unforeseen operating expenses, development, expansion, legal fees, inventory or a range of other items that a business may require in order to grow.

So when you apply for a line of credit and your business is coming from a position of financial strength such as having a strong bank rating, business credit scores, good cash flow and so on the risk is greatly reduced and your chances for getting approved are much greater compared to applying from a position of weakness.

Secondly, it’s much easier to get approved for a $50k line of credit compared to a $100k line of credit simply because of the documentation and amount of financials required on larger credit lines. Most banks only require a low 5 bank rating, a favorable business credit rating, and personal credit scores of 680 or greater to approve a $50k line of credit.

If you are applying for a credit line greater than $50k than you end up having to also provide 2 years of personal and business tax returns, profit & loss statements and financial statements. So you can see the difference in documentation is substantial when it comes to the amount of credit that you are applying for.

Here are my ‘Four Factors to Qualify for a Business Line of Credit’

1. The first factor is your bank balance rating. You will want to aim for a $10,000 balance which rates your business as a “Low 5″.

2. The second factor has to do with how you manage your business bank account. It’s important to avoid bouncing checks at all costs!

3. The third factor is your business credit reports -D&B report, Small Business Equifax, and Corporate Experian should reflect a solid business credit history and scores.

5. The fourth and final factor is having a personal credit score of 680 or greater.

These four factors can improve your chances for getting approved for a business line of credit. The important thing to remember is that banks are in the business to lend money and they make money from the interest they charge. So when they do lend or extend a line of credit to a business there is an amount of risk involved which they want to limit as much as possible.

Prior to applying for a line of credit you can minimize this risk by complying with the four factors I’ve outlined for you and have full confidence in knowing that qualifying for a business line of credit is just an application away.

Home Based Businesses – Business Or Hobby

Many people who engage in businesses run from home do so at what could really be called a hobby level. The various tax authorities of western countries all pretty much allow a certain latitude for activities run from home that also make some income, but not much. The US IRS and the Australian ATO amongst others have limits of how much can be earned and still remain in the hobby realm.

This is what the Australian Taxation Office says about whether you are a business or a hobby:

“How do I tell whether I am in business?

There is no simple answer to whether you are in business or not, it depends upon the facts in each case. However, you can use the following questions to help you determine whether your activity is actually a business:

Does your activity have a significant commercial purpose or character?

Do you have more than just an intention to engage in business?

Do you have a purpose of profit as well as a prospect of profit?

Is there repetition and regularity to your activity?

Is your activity carried on in a similar manner to other businesses in your industry?

Is your activity planned, organised and carried on in a business-like manner?

Does your activity have characteristics of size, scale and permanency?

Would it be true to say your activity is really better described as a business, rather than a hobby, recreation or sporting activity?

Each time you answered ‘yes’ to the questions above, it increases the probability that you are in business though no one indicator is decisive, they must be considered in combination and as a whole.”

Source: ATO Website 2009

The Internal Revenue Service of the USA says;

“Generally, an activity qualifies as a business if it is carried on with the reasonable expectation of earning a profit.
In order to make this determination, taxpayers should consider the following factors:

Does the time and effort put into the activity indicate an intention to make a profit?

Does the taxpayer depend on income from the activity?

If there are losses, are they due to circumstances beyond the taxpayer’s control or did they occur in the start-up phase of the business?

Has the taxpayer changed methods of operation to improve profitability?

Does the taxpayer or his/her advisors have the knowledge needed to carry on the activity as a successful business?

Has the taxpayer made a profit in similar activities in the past?

Does the activity make a profit in some years?

Can the taxpayer expect to make a profit in the future from the appreciation of assets used in the activity?

The IRS presumes that an activity is carried on for profit if it makes a profit during at least three of the last five tax years, including the current year – at least two of the last seven years for activities that consist primarily of breeding, showing, training or racing horses.”

Source: IRS Website 2009

As you can see, both tax authorities have very similar ideas of what is a business and what is a hobby. HM Revenue and Customs of the UK is a little more confusing and approaches the issue in several ways, including hobby trades, pet breeding and so on.

Basically though the same thinking prevails. If it is part time, done for fun and barely covers costs then it is most likely a hobby and income derived is not taxable. Of course in that case it often means the expenses incurred are not tax deductible, either.

One of the benefits of being in business is the deductions you can claim for legitimate business related expenses. You can also usually claim a lower rate of tax on profits than you would if that income was salary. A business can run at a loss for several years and depending on the business format, indefinitely in some cases.

Think hard whether your home based business is a true business or a paying hobby. Always get professional advice on all accountancy and tax matters and never, ever try to rip off the Taxman. You will get caught and it is never worth it. The system is there to be used but not abused and there are more than enough ways you can pay your share of tax and not a cent more. Be creative, not criminal.

Online Claims Management System – The Significance

In free exhibit, you ought to check all the working modules, undertakings and essential controls in the most sufficient way. Along these lines, you will have the capacity to distinguish any blemishes or mistakes promptly in the framework before buying.

When you need to choose specific practice administration program programming, it is extremely key to remember certain focuses to expand the general benefit and effectiveness. Case in point, whether the system is comprehensive or concentrates on a specific part of documentation must assume a part in choice method. Then again, you have to deliberately survey the program’s utility and adequacy also.
The chose project ought to be extremely adaptable and flexible. In the event that you have picked an extremely helpful and viable administration program framework, then your business will absolutely work in the most expert and proficient way. At the point when selecting specific project programming, you have to check all the peculiarities and use enough. It has been proposed to get thorough Catastrophe claims management software programming that has all the peculiarities and utilities.

You will unquestionably get all the included gimmicks and utilities if you get exhaustive programming. The online claims management system progressed programming will incorporate every day parts of charging, receipt, representative payroll, reports, medicinal protection cases, history and other critical components. The product is the best arrangement if you are dealing with a clinic, salon, center, spa, or some other kind of business.

This compelling and ingenious online practice administration framework is not difficult to introduce on your desktop or some other processing framework. You can undoubtedly diminish your working expenses if you introduce the product in your office. The point of interest of the product is that you needn’t bother with extra representatives and it truly diminishes the requirement for supplementary labor. Ease of use and adaptability are two viewpoints that ought to be given due significance while getting this sort of framework.

Get helpful project Casualty claims software programming that is not difficult to translate. Your specialists and managerial staff ought to have the capacity to utilize the product without any troubles or hiccups. If the product is difficult to see, then it nullifies the very idea of helpfulness and productivity. In this way, it is exceptionally fundamental to buy a capable framework that is simple and easy to utilize. The framework supplier ought to offer reinforcement and specialized help at whatever point required.

It is critical to choose an organization that gives different varieties of administrations. You will have the capacity to know all the peculiarities, working modules and deformities if there are any before acquiring.

Affiliate Marketing Business

how to start affiliate marketing

The number of companies with whom you can start your affiliate business is pretty near as large as the list of human interests. I am personally involved with four major programs and a number of minor ones and they are all worth being involved with if you promote them correctly. They range from the household names like General Motors all the way down to your local flower shop who might offer a cash override on future introductions for referring customers to them.

You need to structure your company such that you can profit from them all over time.

How Does Affiliate Marketing Work?

You refer new people to your individual link. When clients decide to buy through your link, they company sees it and pays you a commission ranging anywhere from 4% to 100%.

It is fairly straightforward, although the successful execution does have some amount of artistry to it:

Decide which affiliate programs you want to join.

Decide how you are going to market that program.

Create individual content that is relevant to that method or channel.

Drive traffic or folks to that content, which is to say promote that content.

Decide What Affiliate Programs You Want To Join

In order to determine what Internet affiliate marketing program you want to start your affiliate business with you have to decide what your goals are. Making money is so undefined that I am afraid it will not inspire you to get up and walk away from the great one-eyed mindsucker after you get home from 8+ hours at your place of employment.

You need well-defined goals to motivate you.

For instance, if you just want to earn a couple of extra bucks from time to time, you really don’t have to spend a lot of prep time. If you want a serious business that will cover your car payment this month, your car payment and utilities next month, and these plus your rent or mortgage in 3 to 6 months, you are going to need to invest a little more thinking and planning.

I want to strongly encourage you to consider regularly promoting subscription affiliate products, too. Why?

Subscription affiliate products pay you every month. In addition to getting paid for what you produced this month, you will get paid… again… for what you produced last month.

I hope this is starting to set some bells off in your head because if you get with and promote the correct, high quality subscription affiliate product or service you can be looking at a lifestyle change.

Decide How You Are Going to Promote

There are a ton of ways to market your affiliate link. They include:

Blogging about the services and products on your blog

Talking about it on other blogs or including it in your signature when you post on other blogs

Creating unique articles for posting on the article directories

Making videos about what you are promoting

… and this is just the tip of the iceberg on ways to promote your content.

Create Content Relevant to the Channel

Blog posts, especially those you post on your own blog, have a lot more leeway in the content you create and post. For instance, what you post on your own blog is really only subject to approval by you while that which you post on the article directories have an entirely different set of rules. Don’t get frustrated when they refuse what you wanted to post, just go edit it and follow their rules and you will get posted.

Likewise, you don’t create a blog post and post it to YouTube. You create a video of yourself discussing or instructing on the benefits of visiting your link. (Although that line is getting blurred by software that will create a video from your blog text and read it to your viewers like the lead in to the original Star Wars movies.)

Drive Traffic to that Content

Remember, the goal of articles and videos is to get people to view your original content on the products and services which you are promoting. Many, if not most, article services do not allow you to place links directly to your affiliate link. Some will let you slip by, but it is just frustrating your efforts when you have to edit an article so that it gets posted. Even in the affiliate marketing business time is money.

For an exceptionally effective primer on starting an affiliate marketing business and reaching profitability within 30 days, go here and watch this free instructional video.

Best Way to Make Money From Internet Marketing

Easy way to make money from internet marketing

The problem of traffic is the first thing that any affiliate marketing needs to consider. When starting
your own online affiliate business, just having the website usually isn’t enough. Sometimes even
having traffic isn’t enough, since sales are dependent on traffic quality which can be converted
into purchases.

Having enough traffic means advertising and we all are aware of the fact that advertising with
Google can be extremely expensive. In order to solve the problem of costs marketers are always in
search for new sources of cheap traffic. One of the places that can give you a really cheap traffic
is Breezeads.com.

What makes advertising with Google a tow on the budget is the fact that it’s based on the keywords,
so marketers have to compete with each other and this competition raises the price of particular
keywords. To make things even worse, Google has based the search results on keyword relevance also.

When advertising your website, the keywords you have selected are rated by the number of visitors –
the more the better. Once you have achieved high ratings your website will be placed on the first
page of Google search results.

This is the point at which things get easier for every affiliate marketer. The downside of this
whole process lies in the fact that you will have to spend a small fortune in order to achieve this.

There is of course another small fact that shouldn’t be forgotten either – Google doesn’t allow
direct affiliate links into its advertising campaigns – leaving affiliate marketers with only one
option, having their own websites. This little detail further increases the costs of operating
affiliate sales business.

It’s always a good thing to have an ace up your sleeve, which is exactly what Breezeads.com is. This
advertising network can be a solution for any affiliate salesman. First off it’s not based on any
keywords, therefore, there is no competition to increase the cost of advertising campaigns.

Secondly, there is no need to have a website that all. But probably the best thing with this
website is that it provides high quality traffic which can be easily turned into sales.

The whole idea of advertising in this network is based on publishers’ websites. This way of operating
eliminates first problem with Google – the need for your own website. Publishers are websites that
have already achieved high ratings with search engines and can provide heavy traffic to your ads.

They are well established and have high number of visits each day, in this way solving the second
problem of advertising with Google – high quality traffic generation. Visitors who have found all
the information they needed at the publishers websites are more likely to purchase a product.

All you need to do is place your banner and affiliate link on their page. This solves the third
problem which exists with Google – direct affiliate links advertising.

The only thing left to be explained is – how does BreezeAds find the best publisher website for
your ad? The answer is quite simple, first your ads category will be matched to the category of
publishers website.

In the next step, the text which you need to put when creating your ad is being analyzed and then
matched with the content of the publisher’s website. For example: if you are promoting a book about
dogs, thanks to the category and the text of your ad, it’s going to be placed on the website which
provides information about dogs. When visitors from that website are done reading its content,
they can click on your ad and make a purchase.

In conclusion, BreezeAds advertising is way cheaper than Google’s PPC (pay per click) system.
Although you will be paying for each click, same as with the search engine advertising, the traffic
you will be buying from BreezeAds publishers will always be easily converted into sales.

How To Make Money Online

Every day more people are looking to the internet to learn how to make money online. There are many different ways to earn income online. In this article I will give you 5 ideas you can use to start making money from home from the internet. By implementing one or more of these suggestions you could start adding to or maybe even replace your current income.

If you have a skill such as writing for example, you can become a freelance writer. There are several websites where you can market your services to others who need the service you can provide to them. Just do a search on your favorite search engine and you will be able to easily find them. This will work for many different types of skills. Web designers, programmers and app developers are also in great demand.
Whatever your skill is, check these site to see if you can find work there to earn extra money.

Another idea you might try is to become a virtual assistant. Many business owners need someone to answer email for them, make phone calls, schedule appointments, handle social media accounts, and various other tasks. If you have experience with these or any similar things, you could surely find work as a virtual assistant.

Blogging is a good way to make money online. If there is a subject you are interested in, you could probably write about it consistently, and your interest in the topic would help keep your motivation high. After your blog has enough visitors you could sell advertising space. Also, if you can find related products, you could link to them from your blog and
receive commission as an affiliate.

Which leads to my next suggestion, which is affiliate marketing. There are too any aspects to this business to cover in this article, but I’m including it because it can be very profitable. It’s free to sign up with most affiliate networks, and many have a wide variety of products
you can promote for a portion of the sale, which is your commission. As with blogging, it’s generally best to start with something you are interested in or passionate about, so you can be more motivated to succeed.

CPA marketing is another way to make money online. CPA marketing, or cost per action, is similar to affiliate marketing but different. With affiliate marketing, you are paid a commission when a customer purchases a product. With CPA marketing, you get your commission when the person takes the desired action, such as submitting his email address or zip code in exchange for a free product or a free trial offer. The commission is lower than with affiliate marketing, but it is much easier to get someone to submit their email address than it is to get them to buy a product. Therefore, a greater percentage of people will take the required action.