Bad Credit Business Loan Repayments

One of the things that make a business cash advance an excellent type of bad credit business loan for merchants, is the fact that customers’ credit card purchases are actually accountable for advance repayments. The business cash advance repayment process can make a small business owner appreciate his/her customers so much more.

So how does this repayment process work? When a business owner receives a business cash advance, he/she does not have to make fixed monthly payments. The advance payments are deducted as a small percentage from customers’ credit card purchases.

With this type of process, the repayments go virtually unfelt, especially since the payments adjust according to the business’s sales volume. Therefore, if your business’s sales happen to be low, your business cash advance payments will also be low, and your business will not feel such a sting.

Knowing that your business is actually repaying your loan can cause you to put an extra emphasis on customer service, advertising, and anything that can result in an increase of sales. This is great for a small business owner because if sales increase, the business owner will not only see an increase in profit, but his/her advance will be paid off sooner, and the opportunity to renew the business cash advance will arrive in no time.

Besides the unique repayment process, there are many other reasons that make a business cash advance the perfect bad credit business loan for merchant business owners. They can be approved in as little as 48 hours, funded in as little as seven business days, and they can be obtained with no collateral, and less-than-perfect credit scores.

If you want your business to be responsible for your loan repayments, then a business cash advance is the route for you.

A holiday gift for mom: $100 on your customer’s credit card. Dinner for the family: $40 on your customer’s debit card. The satisfaction and contentment of knowing that these purchases are repaying your business cash advance…Priceless.

Six Ideas to Buy Businesses Well Suited to the New Decade

Knowing how to buy businesses headed for success includes an understanding of which industries have a bright future in this fast changing economic and social environment.

There are certain companies we know have a limited future: a vendor with candy bar dispensers in school lunchrooms, a photo house specializing in film processing, or a street map publisher.

But other trends deserve attention. Consider these ideas when evaluating the many kinds of businesses that are offered for sale.

1. Green companies — Ignore politically motivated cynics who claim our economy will remain fully dependent on petroleum, and on habits of the “throw-away” consumer for the foreseeable future. A recycling company, a firm that installs solar panels or one that converts auto engines to run on used cooking oil are businesses that ought to have a profitable present and future.

2. Serving seniors — The population bubble of baby boomers reaching the senior years means billions being spent on products and services specific for this market. And there is a broad range of businesses in this category, from care centers and at-home services to educational programs, travel and tour enterprises and, if you have the proper training, health facilities.

3. Personal services — Not only does the economy’s personal services sector offer numerous and varied opportunities, it also has this advantage: the competition can’t outsource to reduce costs and beat you on pricing. Companies offering massage therapy, beauty services, computer technical support, laundry, house cleaning, childcare and the many other functions on which people rely to manage their busy lives, command a significant dollar share of the economy. For many entrepreneurs planning to buy businesses, the search should involve a close look at this sector.

4. Catering to limited budgets — Whether it’s a dollar store, recycled clothing boutique or services for the DYI customer, companies marketing to budget-conscious consumers have a good future. Even in a rapid economic recovery, it will take a long time for most of the currently unemployed to get absorbed into the work force. And middle-class people with limited financial resources — much of the population — won’t be back to their overspending habits any time soon.

In the meantime, expect growth for companies catering to the budget conscious, and a desirable category for many business buyers.

5. Work-at-home opportunities — Searching for a worthy investment among Internet-based enterprises and other businesses you can operate from your kitchen table is like crossing a minefield to get to an oasis.

Yes, work-at-home opportunities are very appealing, but many offerings in this category are not worth anywhere near their asking prices. Sellers often promote companies that have yet to earn a dollar although based on what seem like good business plans.

When looking to buy businesses that can be run from home, seek those with a documented history of solid earnings, a base of customers, and a product or service to sell that has proved to be popular.

6. Buy local enterprises — The desire to support merchants near home rather than add to the profits of big chain stores, and to avoid imported merchandise of questionable quality, and to discourage the energy-burning practice of shipping goods to your table from across the globe–these consumer motivations are contributing to a growing trend of buying from local merchants. Business buyers interested in retail companies for sale are smart to search for those with a strong following in their neighborhoods. As customers realize the benefit to their cities and towns of keeping their money in local circulation, many retail merchants rooted on Main Street, rather than Wall Street, will have the opportunity to take back some of the market share they had been losing to the big box operators.

The successful plan to buy businesses should include, along with choosing competent advisors and conducting careful due diligence, the tactic of focusing on industries well positioned for 2010 and beyond.

Information Products: 7 Biggest Mistakes Info Marketers Make When Creating a Product

Creating an information product is the first thing most people want to do when they start an online business or transfer their offline business online. Why not? Information products have very low overhead, since they’re developed electronically, and other than time for product creation and formatting, they are pretty simple to create.

However, creating a product is NOT the first thing to do in your online business. Why? Because there is a foundation that needs to be constructed before the product creation process begins. You would never start with the roof when building a house, right? The foundation and support beams need to be in place before you can begin work on the roof. The same principle applies with information product development. Too many people develop a product without doing any of the research necessary to determine the need for their product.

Here are the 7 biggest mistakes information marketers make when creating a product:

1. Haven’t chosen a niche or a target market. Trying to sell a product to everyone will never work. It’s only when you target a specific market or a specific niche that you will find success online. It’s so much easier to market to a specific group of people or a specific industry than targeting everyone online. Pick a niche or a target market that is familiar to you, either because you’re passionate about it or because you have experience in that marketplace.

2. Failure to understand the major problems of your target market. What keeps your target market awake at night, either in fear or in joy? By getting a handle on the problems and interests of your target market, you get a much better understanding of what will cause them to buy. Typically, consumers are triggered by three emotions to make a purchase. Will your product save them time, money, or effort? If so, you’re headed in the right direction.

3. Have no traffic to your site. Just because you put up a web site doesn’t mean that visitors will show up en masse. You must have a traffic generation plan in place to ensure that people see what you are offering. How do you generate traffic? With your ezine, blog, article marketing, podcasting, video, radio show, strategic alliances, hosting teleclasses or webinars… and that’s only the tip of the marketing list. People won’t magically find your site — you have to create a strategy to drive them there.

4. Have no list and no email marketing system. The money is really in the list, provided the list contains members of your target market. When you engage in the traffic generation strategies described above, be sure that you have a way to capture your visitor’s contact info, thus creating your email marketing list. If you capture their mailing address as well, you can take your marketing offline to direct mail.

5. Lack of relationship with your list. People buy from those whom they like, know and trust, whether they’re doing business online or off. However, when you’re online, you don’t have the ability to get to know someone face-to-face at networking or association meetings. So, you have to create that relationship virtually. Put your headshot in your blog and ezine header. Write great content about your specialty in a conversational tone. Share what’s going on in your life in your ezine or on social networking sites. Be helpful and answer questions on industry discussion forums. Visit industry blogs and post relevant comments.

6. Inability to purchase what you’re selling. The worst thing you can do when you’re selling something online is to make it difficult for people to purchase from you. The cleanest and easiest way to make purchasing easy is to get a merchant account and a shopping cart system. You can use Paypal as your payment system, but you have to ensure that it is set up properly so that your customer is able to immediately access the info product she has purchased.

7. Lack of research on competitive products. I think it’s always helpful to research what your competitors are offering and the price points at which the products are being offered. This information can help you determine the market saturation for this info as well as give you pricing guidelines. In fact, you may discover a superior product that already exists, and instead of reinventing the wheel, you decide to become an affiliate marketer for that product rather than try and create it on your own.

Bonus tip: Lack of content. The #1 reason that info marketers don’t create products is because they lack content. When faced with the task of creating a product from scratch, the entire project becomes overwhelming and it falls through the cracks. However, if you’re in the habit of regularly creating new content via the articles you write for your ezine and the posts you submit to your blog, in just a few months you have enough content to easily begin repurposing into products.

Make sure your foundation is solid before proceeding with product creation. By creating a solid foundation first, you have just enhanced your possibility of success by a factor of 10.