Saturday, February 03, 2007

Business Credit

Tip! Establish creditability. You cant expect to walk into a bank and ask for a business loan with no business credit or business history.

Adequate finance is required to meet the various commitments arising out of business transactions. The financial requirements of business can be broadly classified into two categories, viz., short-term sources and long-term sources.

Short-term finance is required to meet the working capital requirements of a business firm. These are the funds required for a period up to one year. The sources of short-term finance are trade credit and bank borrowings.

Trade credit refers to the type of credit provided to customers by suppliers of goods in the normal course of business transactions. This is a kind of deferral payments on the part of buyer. It is the most popular type of credit among the traders. Small firms depend on this type of credit heavily as they find it difficult to obtain bank finance. Trade credit is usually granted on an open account basis. This implies suppliers sending goods to the buyers on credit and buyers accepting the same and agreeing to make payment as per the terms and conditions.

Tip! Employee-wise -- With the use of business credit cards, you can actually provide credit cards for your workers. This card can be used by your employees for their business expenditures.

Trade credit becomes a routine activity between the suppliers and the buyers. Trade links are established between them. The open account credit appears on the buyer's balance sheet as sundry creditors. Trade credit also takes the form of bill payables. This happens when the buyer signs and accepts a bill of exchange to evidence the credit sale transaction. A Bill of Exchange recognizes an obligation on the part of buyer.

Banks constitute an important institutional source of financing the working capital requirements. Banks consider various aspects such as production and marketing plans of the customer while determining the credit requirements. The amount so determined by the bank is known as credit limit. Bankers are required to fix separate credit limits for various types of credit facilities to be extended to various types of borrowers.

Business Credit provides detailed information on Business Credit Cards, Business Credit, Small Business Credit Cards, Business Lines Of Credit and more. Business Credit is affiliated with Secured Business Credit Cards.

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How To Start An Online Business Without A Website

F.Y.I. Your business website gives your customers access to your business 24/7 with very little or no increase in overhead costs. Even if you don't have an online catalog, having your information available allows the customer to at least look at their convenience.

If you are new to Internet Marketing and finding it difficult to get started, you're not alone. You probably search the Internet for so long that you found yourself back at the same starting point, but with a lot of hype and information overload. Odds are your asking the same question, "How Do I Get Started?" Fortunately there is an easy way, and best of all you don't need a web site.

F.Y.I. The successful marketing of your business website should NOT be taken lightly.

Many people think in order to start a business or sell a product they need a web site. The typical process would be:

- Find a product that can be sold or promoted. This can be anything from an affiliate program to buying resell rights or private label rights for ebooks or software.

- Build a website that requires finding a web hosting provider, design the site, and creating content.

- Promote the website and product by advertising, link exchanges and any other method that will drive traffic to your site.

If you take one part from each of the three processes above you will have: a product from joining an affiliate program, creating content for distribution, and promoting it.

The process now looks like this:

- Join a good affiliate program. This can be any kind of service or digital goods such as ebooks or software. After signing up for an affiliate program you will receive a link that will include your affiliate ID.

F.Y.I. A business blog can do the SEO magic when it is embedded to your business website. Business blogging needs discipline to write every other day to bring potential customers to your business website.

- Create informative quality content about the product.

- Promote the product.

The last step is the key on how to promote the product without a website. Instead of creating the content for a website, create it in the form of articles, blogs, ezines, or even an eBook. Here's how:

Articles - Write an article by creating content which is relevant to the product. The most important part of the article is the resource box at the bottom (see below), or sometimes shown as 'About the Author". This should include a short description of how to find more information for the product and include the link that points to the site selling the product or service. Once you submit the article, it will be picked up by web site owners looking for fresh content. Finding article sites are not hard since there are hundreds to choose from on the Internet.

F.Y.I. If you're seriously looking to grow your small business, remember that your business website is not built for your personal enjoyment. That's what personal websites are for.

Blogs - One of the hottest and effective method for selling. Best of all a website is not needed and it's free. Just create content similar to writing articles and naturally weave your links in the blog. Update the blog once a week and keep using your important keywords. Your blog will be distributed through feeds and will also be crawled by the search engines. If you do your homework, you may end up on the first page of Google by using good keywords!

F.Y.I. Wishing you success in advertising your Internet Business Website.

Advertise - Many people may opt not to advertise because of the costs, but if you plan your advertising campaigns carefully, they will pay for themselves quickly. If your budget is tight, look for free classifieds ads.

Forums - Visit the online discussion forums where people in your target market like to gather. Post useful responses to people's questions, and include any links that you want to promote at the end of your post next to your name. You may be surprise at the results.

F.Y.I. Your business website represents your business. If your site looks amateurish, people will think you're an amateur.

E-Mail Signatures - Create an e-mail signature with your name, link, and a short tagline describing the main benefit of your product. Set your e-mail program to automatically add your signature to every e-mail that you send.

These are just some methods you can use to market products with out a website. Start out with the examples above and learn how to create quality content and effectively distribute them around the Internet. Based on this knowledge, you can begin to build a solid foundation for your business which will help you make money instead of ending up at the beginning from where you started!

F.Y.I. Owning your own small business website also makes it possible to sell your goods and services online.

Do you want to learn how to make money online with the most basic internet skills, even if you have no product to sell and no experience? Find out more at http://www.2clixs.com/learnmore.html

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