Staying Motivated When You’re Internet Business Is Slow (entrepreneurs)
No commentsBy Chris Simpson
It’s a wonderful thing to be able to go to work in your pajamas - that’s something that a person with an internet based home business is grateful for each and every day as they sit down to begin the day’s work. There is the freedom of setting your own schedule, avoiding that awful daily commute on clogged highways and crowded subways, working for yourself, and being accountable to no one but you!
However, to succeed in an internet business you do need to have a lot of discipline and a positive “can do” attitude, no matter how business is looking at the moment. All of us, whether or not our business is home based have slow periods. The problem is staying motivated when your internet business is slow.
There are some ways which can help you cope and reduce the worries that can come with a time of slower business. First of all, remember that all business is cyclical. This is equally true of the construction business as it is of a home based internet business. There will simply be times when things are a little slow.
By setting aside a little for a rainy day when business is booming, you will be able to ride out a stretch when your business isn’t bringing in as much as you may have been previously. Things will look up, remember this and above all, stay positive! A turnaround is just around the corner for your business.
When you’re feeling down, repeat to yourself “I have no boss”. This will surely bring a smile to your face in no time. You can also go for a walk or bike ride; physical activity relieves stress and helps you think clearer - this can be one of the best times to brainstorm new business strategies.
Another thing you can do, especially if your business is affiliate marketing is to expand the reach of your business by redoubling your article marketing efforts. Write short, informative yet entertaining articles which are relevant to your niche. Place these on your website and submit them to article directories.
When these articles are picked up, the links which each contains in its resource box will give you more opportunities to create traffic and thus, commissions for your site. Throwing yourself into marketing efforts is a proactive solution which will take your mind off of your business being slow and also help out your business at the same time. This tactic can work for you even if yours is not an affiliate marketing business.
Just create content that will make people want to visit your site and things will be looking up before you know it. I’ve said it before, but the most important thing is to not let a little slump get you down. Staying positive will help, while getting depressed about a slide in profits will likely result in your becoming less motivated - a self-perpetuating cycle.
Don’t fall into this trap. Instead, believe in yourself and your business. You’ll find that this will make things happen for you and be a great help in keeping you motivated when your internet business is slow.
Chris Simpson is dedicated to helping people find honest and legitimate work at home and home based business opportunities. Find a legitimate work from home today at: www.HomeNetPro.com
How To Know If You Could Use A Bad Credit Business Loan
By David Castro
Having bad credit is one of the main reasons why small business owners are so often denied small business loans. This is unfortunate, and at times can seem unfair.
From a business owner’s point of view, one’s personal financial history and his/her business are two completely different and separate entities. And an inability to make timely credit payments in the past is not a harbinger of a business that will certainly flop, and hence, does not render a person incapable of developing an amazing business idea and producing a profiting business.
But from the bank’s perspective, lending is a very risky venture, and the assurance of getting money back is very important. A bank can not predict how well a business will do, leaving the bank to rely solely on the business owner for loan repayment. A borrower’s credit score helps banks to determine whether or not the owner is likely to return the money lent in a timely matter.
Faced with this predicament, many business owners seek out a business loan that can be attained even with bad credit. But quite often, this type of loan has even tighter and higher restrictions in other areas, requiring extensive collateral, high interest, etc.
When this happens, it may be time to look past banks and other traditionally used lending institutions.
Business cash advance lenders can offer a business cash advance to business owners even if they have bad credit and no collateral.
A business cash advance is ideal for merchants who process at least $2,500 in monthly credit card sales and need money to put into their businesses.
If the following points describe you, you could probably use a bad credit business loan through a business cash advance.
1. You Own a Merchant Business
A business cash advance can benefit a merchant business owner in so many ways. Working capital is one of the key ingredients of a successful business. Business cash advances can be used in one or more of the many ways that can eventually improve your business. Business cash advances are perfect for purchasing inventory, expanding businesses, or simply keeping a business on its feet.
2. Your Credit Score Isn’t Great
A business cash advance is probably one of the best options for a business owner whose credit is not the best, mainly because approval is not based on the applicant’s credit score. Since the repayment of a business cash advance is deducted as a small percentage from the business’ credit card sales, the applicant’s credit history is almost irrelevant. Business cash advance lenders rely on the business rather than the lender to get their money back.
3. You Have Little to No Collateral
There is no collateral required to receive a business cash advance. That means you can get the money you need without having the stress of worrying about your property. A business cash advance keeps your personal life and your business life separate. Therefore, your family won’t have to suffer because you’ve lost your house due to inability to repay a loan. A business cash advance also takes the stress of having to remember to make monthly loan payments off of the borrower, and is a virtually stress-free process from beginning to end.
4. You’ve Tried Other Options to No Avail
If you are one of the many business owners who have attempted to receive financing for their businesses only to be turned down time and time again for one reason or another, a business cash advance lender should be your next and final stop. After so many “No’s” it’s time to hear a “Yes” and get the money that your business has always deserved.
David Castro often writes articles about Bad Credit Business Loans and Small Business Loans for Merchant Resources International - To Learn more Visit Us at http://www.cashprior.com.
Start up Funding: Tips to Get Your Business Going
By Dee Power
Start up funding is critical to the success of any business. While some companies can be started on a shoestring budget, most require some investment by the owners. There are several kinds of start up funding available.
The most common is the entrepreneur using their own savings to get their business going. Or using cash from their credit cards or from a home equity loan. The benefit is that the entrepreneur doesn’t have to worry about investors looking over their shoulder or disappointing friends and family who may have provided the funds. The disadvantage is that if the business fails, the entrepreneur’s home may be at risk or savings lost.
A small business loan is often used to purchase equipment, supplies, and inventory to get the company going. If the entrepreneur has a good credit history and a relationship with a bank that does business loans, the money can often be obtained with a simple application form. Unfortunately most banks require that unless the loan is personally guaranteed the business has to have been operating profitably for at least two years. Banks look at two factors: the risk in not getting the principal paid back and whether the company can generate enough funds to pay the monthly interest. Bankers are not interested in the growth potential of the company.
Venture capital is glamorous and gets lots of press. The reality is that it is difficult to obtain and very few start up businesses actually are successful in obtaining venture capital. Less than 20% of the venture capital invested is invested in early stage companies. The average venture capital funds invested per company per investment is nearly $10 million. Very few of the 600,000 businesses started in the United States and 400,000 in the United Kingdom each year qualify for venture capital. Less than 1% are appropriate for venture capital.
Angel investors or private individuals who invest in start ups, is another alternative. Angel investors usually invest in high tech companies that have the potential to quickly grow and return that investment at the end of a three to five year period with at least a ten fold return. In other words if the angel invests $100,000 in year one they expect to get $1,000,000 at the end of three years. Private investors sometimes work together in groups called Angel Networks. You can find Angel Networks in your area by talking to your local Small Business Development Center Office, local chamber of commerce, or searching through local newspapers, and of course through search engines.
Vendor financing and store credit are two more ways to find money for a start up company. Vendor financing is when the vendor you buy your supplies from gives you from 30 to 90 days to pay. Even if the vendor doesn’t offer payment terms you can ask for them and in return offer a 1% or 2% premium. You might be able to stretch out the payments for up to six months, with the vendor’s permission of course. Store credit is available for most businesses, even new ones by completing a store application. This can be helpful to buy office supplies and even computer systems.
Start up funding is available to start a business but it isn’t always easy to find.
Dee Power is the author of several nonfiction business books. Find out more about startup funding or visit the Capital-Connection website, the entrepreneurs resource for success. Additional financing resources
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Sunday, August 31st, 2008 at 2:35 pm and is filed under business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
