February 25, 2010

Factoring Basics

Most sales to commercial clients usually carry 30 to 60 day payment terms. This means that as a supplier, you must deliver your products or services now. However, your client has between 30 to 60 days to pay you.

This creates a significant challenge for owners of small and midsize businesses. The problem is simple. Your clients want to pay you in 30 to 60 days, but you must pay rent, payroll and your suppliers now. As you can see, the math does not work. Unless you have a substantial bank account, this leads to an almost impossible situation.

If you are in this situation, it is also very likely that the bank will not be able to help you. As you well know, banks only lend to businesses that have three years of profitable operations and significant hard collateral. If you do not qualify for bank financing, your best bet may be to consider factoring.

Factoring is a business financing tool that helps business owners who cannot afford to wait 30 to 60 days to get paid by their commercial customers. Factoring provides you with the necessary funds to meet payroll, make rent and pay your suppliers on time.

As opposed to bank financing, factoring is easy to qualify for. The main requirements are that you have a profitable business with a strong roster of commercial clients. For the factoring company, your best collateral is the invoices from your strong customers.

Factoring is also easy to use. It enables you receive a substantial portion of your billings within a day of invoicing. It reduces the time you wait to get paid from 60 days to 2 days. The transaction is usually structured as a two installment sale of an invoice. The first installment, called the advance, is paid to you immediately. The advance can be anywhere between 70% and 90% of the gross value of the invoice. The remaining portion (10% - 30%) is held as a reserve to cover disputes and charge backs. The reserve is rebated as soon as the invoice is paid in full. The factoring company will charge a small fee for this service.

Factoring financing is an ideal tool for companies that are growing and that cannot afford to wait to get paid by the clients. It helps you to stabilize your financial situation and positions you for growth.

Success in Business!

Here is a secret that may be difficult for you to believe, so prepare yourself. It is an extremely important secret that can have a most profound impact on your small business success, or it's failure.

Let's start by asking a simple question...Do you enjoy sales?

The truth of the matter is that when many small business owners are asked this question, they respond with answers like, "No way" or "I can't stand sales, let someone else do it."

Why is your answer to the above question so important? No doubt you have seen headlines like the following, which glorify how easy and simple it is to succeed in business:

"The Ultimate Lazy Way To Start Your Own Business"

"Cash In On A Multi-Billion Dollar Industry In Your Underwear"

"Easily Generate A Lucrative Income While Sleeping"

We are constantly being bombarded with these "easy ways" to make a million bucks. Does success in business actually work this way? Not in reality! Is it realistic? Not even close!

The bottom line in operating a successful long-term business comes down to your ability to sell your product...period. It doesn't get any simpler than that. You can either sell your own product or resell somebody's else's product. Either way, your success or failure will ultimately depend on your ability to market it. If you don't enjoy sales, you have very little chance to succeed in business for yourself.

The most prevalent attitude of many new business owners is that their product, once launched, will miraculously sell itself. After all, the product is awesome and everybody will absolutely, positively want one. People should be lining up to buy it, right?

Here is another truth about sales. It will take 5-7 sales attempts to close 80% of your sales. Yes, you read that correctly. That's 5-7 attempts before people will say "Yes, I want to buy your product." Running an advertisement one-time or making a sales pitch to a potential customer once in a while does not qualify as effort. Hearing that first "no" and subsequently giving up means the demise of your business and gives someone else an opportunity to turn that NO into a YES.

What most people don't realize or fail to accept is that it may take weeks, months or even years to get a product to sell according to your expectations. You may have to frequently change your sales pitch, web site, advertisement or even the product until you get it right. This dedication and determination is what separates the very few successful business owners from the many "wannabes" and fly-by-night hopefuls.

The bottom line is that to be successful in ANY business you will need talent and the ability to sell, sell, sell.

Online Businesses that Provide Residual Income and Direct Daily Payments

With the cost of living on the rise, it's crucial to find ways to earn a residual income. A residual income is an income that you can receive multiple times for a one-time effort. There are many opportunities on the Internet to earn a residual income by direct daily payments or monthly payments.

Why You Need a Residual Income from Home

Jobs are no longer secure as more and more companies find ways to run their factories and businesses with fewer employees or send their jobs to other nations. Earning a residual income from home even on a part-time basis will help ease the burden of monthly bills, medical bills, credit card debt, mortgage debt, and other obligations. It might also give you the extra money needed for your child's college tuition, a new home or vehicle, or a much-needed vacation!

The key is to find a home business opportunity that pays again and again, perhaps monthly, weekly, or yearly. Some home businesses that work like this include ongoing services such as web hosting, website design, subscription sites, consulting, or any number of turn key Web businesses.

MLM Opportunities for Residual Income

A residual income can also be earned through many online MLM opportunities. These involve forming a downline with people under you who are selling for you. You'll not only earn money when you initially sell a package, product, or service to someone, but you might also receive commissions from their efforts for years to come.

This business model can be very advantageous online because you're able to target your promotional efforts. In the past, MLM prospects were difficult to target because you would have to rely on network marketing in your community with people who may or may not be interested. On the Internet, however, you can advertise to specific groups of people for more targeted campaigns. This can enable you to make money daily, monthly, or yearly from your efforts without cold calling.

Internet Home Business Benefits

Owning an Internet home business offers much freedom and opportunity for residual income, whether selling your own products and services or working with an MLM company. You can still hold a day job while working on your business and work flexible hours. You can promote any time of the day or night, and even receive direct daily payments while you sleep. If you're a parent, you might want to stay home with your children or have more flexibility in your schedule so you can spend more time with them. A home business allows you to do this.

With an Internet home business, you're not limited to only the residents who live or work near your business. You can receive thousands of visitors to your website if you promote it consistently. This can result in amazing daily money when building an MLM downline! There are millions of people online, so maybe just a few of these will be interested in your product or service. Your goal is to target your promotions and find these individuals so you can get paid daily for your efforts.

You can also place your Internet business on autopilot and allow your website and marketing team to sell for you. Many Internet MLM businesses offer turnkey websites that have already been tested for results. They also provide a sales team and call center so you won't have to do the selling. All you'll have to do is promote your website to start earning a residual income.

Other benefits of an Internet home business include savings on gasoline, reduced car wear and tear, and low business operation expenses. If you're ready to start earning daily cash through a residual income, go online today to find the perfect business model for you!

February 21, 2010

Work At Home Based Business Opportunities – The Possibilities Are Endless

When you look at work at home based business opportunities, you realize that you can make a lot of money supplying customers with products and services they really need. You don’t always have to deal with the Internet to find a great work at home opportunity. You can get started with a work at home based business opportunity for a relatively small investment. Operating out of your garage or basement and running the business yourself will help you stay at home and still make money. There are very many work at home based business opportunities around.

One thing you can use the Internet for is to find a business opportunity at home. You will find that many companies are always looking for home workers because it saves them time and money in setting up offices. Maybe you have a flair for creative writing. There are companies with work at home based business opportunities looking for people to write articles for them, create advertising slogans or even write brief descriptions of items that they sell in a catalog.

The need of the working population for sewing skills gives rise to many work at home based business opportunities. Do you like to sew? Doing alterations on clothing or making clothing are fantastic opportunities for a skilled seamstress to find a business opportunity at home. If you like this type of work, then chances are you already have a sewing machine and all you need to do is advertise your business in places where people will see and remember your name.

Do you enjoy baking? This is one example of work at home based business opportunities where you can have customers flocking to your door. Baking and decorating wedding cakes or birthday cakes is big business and best of all you can stay at home. When you find a business opportunity at home, such as this one, you can take on as many jobs as you can handle on your own or you can hire another person who also wants to work at home to help you out.

Dietary consulting, hairdressing, being a wedding consultant or a financial planner – these are also examples of work at home based business opportunities that let you be your own boss and choose your own hours. You don’t have to invest large amounts of

Your New Career is Just 1 Click Away.

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From: Your New CareerEverybody would love to make lots of money quickly, working from home, and only doing a few hours of work per week. I've spent the past two years trying to find a great way of doing this. Only over the course of the past few months have I found any "get rich quick" programs worth buying. I've been trying to make money online for a long time. I had a few small websites, but they never made much more than a few hundred per month. It was easy money and didn't require much work on my part, but I knew there were people out there doing better than I was and I knew I could do as well as them. Now, I've seen a lot of "get rich quick" programs. Most of these people make claims about earning $2000/day with Google or something similarly insane. Almost all of these people are complete liars. Even if they were making $2000/day with Google AdSense, it'd be because they had high- traffic websites with a lot of quality content. I'd know, because in one whole month, I never even made half of what they promised I'd make daily with their programs. Maybe you've already been scammed by one of these fraudsters. Anyway, I finally got sick of what was being offered. I decided I'd look through the all of the "get rich quick" programs I could find and see if there were any that were actually legitimate. I found that there were owners selling their programs for well over $100, but the information in them could be found almost anywhere online for free. Additionally, they all contained out-of-date information, had no e-mail support, no money back guarantees, and broken links in the downloads section. In conclusion, almost all of the programs I found were completely useless. The owners knew it, but they couldn't care less about their customers since they didn't offer refund policies! Amazingly, while looking through all of the programs, I actually did find a few legitimate programs. They were run by ordinary people like you and me, and they had found some great methods of making money from their home by doing very little work. I spent some time working with those programs, and my income is now ten times what it used to be. These programs provided a large amount of great information on how to make extra money on your computer doing very little work. Numerous customers had provided great feedback and reviews for their products. Many of them have started to make money just days after buying! Their programs have excellent prices, and the authors have a group of paid staff who are dedicating to helping you or providing assistance if you need any. I must say I was amazed! If you do decide to purchase any of the programs listed below, I recommend you join quickly. Most of the owners tell me they are getting an overwhelming number of sales and plan on raising prices in the near future, so order while prices are still low! To Your Online Success,Your New Career