Yes, it takes time to make money online I want to be completely honest with you about how long it takes to make money online with your blog. If you are looking for a business where you will be able to make some quick money within the next few months this might not be the business for you.You have to understand that the principles and work ethic for making money online is no different from working offline. You need to know that this business is not a get rich quick one therefore it takes time to make money onlineI will explain to you why making money online takes so much time before you start making some money. I think some people are under the impression that you can start a blog and within a few months, be able to quit your full-time job. It has happen in a few instances but for this to happen you have to be prepared to put in extra work and stay focus.When I started blogging five years ago I was of the illusion that I could work two hours per day and at the end of the month money would come rolling in abundantly. Well face it that was what I was told, almost all the bloggers made it felt like a Sunday evening stroll in the park. They failed to tell me that you can in fact work two hours per day and the money would come rolling HOWEVER I had to put in the initial work (sometimes 10-15 hours per day) to get the website off the ground. After you have established your blog and you start getting traffic then you can start relaxing a bit and reap the fruits of your labour.It takes time to make money online one of the prerequisite is patience and a lot of time. You will not become a millionaire overnight. So if you visit another site where they promise to make you rich within the next year believe me that is a load of crap. You need to realize that making money online takes time and you have to work for months and sometimes years, depending on how committed you are, before the money starts coming in.Here are some reasons why making money online takes time. There is No Right FormulaNo blogger or internet marketer has the “right formula” to make money on internet. There are some basic principles that you have to follow if you want to be successful however, every blogger has their own way of applying these principles.There are a lot of trials and errors that is why you have to be committed to the work. One formula might work for me and it does not work for you I think it is like parenting every parent have their own style but the end result could be well disciplined and productive adults. It is the same way with your blog you have to learn the principles and apply the one that works best for you.Anyway you don’t have to feel discouraged I have been there I will work with you sharing all that I have learn. Once you get the knock of it, its smooth sailing. Yes, you can strategize and make plans but there is no blueprint that you could replicate to make money. Lack of Understanding about the InternetAnother reason why it takes time to make money online is lack of understanding about the internet. New bloggers usually find out that there are so many things they need to know and how to find their way around.There is the risk of information overload absorbing so much content on the internet can be very difficult. So it could take months to figure out what you need to read and what to ignore. It is best to be specific in your research or you could end up spending an entire day on the internet without achieving your goal.Lack of SEO TechniquesI am sure you are going to ask what is SEO? Well SEO means Search Engine Optimization. In simple term it is the ability to give your articles excellent titles which will ensure that when someone is searching the internet for the subject matter you are writing about your website can be found in search engines.If you want to make money through blogging or affiliate marketing then you need to have an understanding of SEO techniques. SEO is a vast area and no one can completely understand it, even an expert. But SEO is very important if you want some traffic coming on to your blog or website.Adjusting to Technological ChangesAdjusting to technology changes can make it a bit difficult and be one of the reasons why it takes time to make money online. You have to become technology aware and understand about technology as soon as possible. Learning about Internet browser, gadgets, apps and other software takes time.Building a Brand so Your Blog or Website will Stand OutFinally you have to build a brand name for your blog online and building a brand takes a lot of time. You have to be committed and take the time out to careful set yourself apart from your competitor. You have market your brand so that visitors will be attracted to your website.Developing a brand takes time so you have to be patient.So as you can see these are a few of the factors, including many other which you will discover as you go along, that slow down the process and makes it take time to make money online. You have to be open to learning new things daily and this is definitely going to take time for you to put them into practice. All that being said it is not difficult and certainly not impossible for you to make a lot of money online.If you have not started your blog as yet it is now time for you to start. You just need a lot of patience before money starts coming.
The Key to Success: Access to Capital
For a business, access to capital is the determining factor to whether a business will survive or fail, expand or become stagnant or take advantage of opportunities or let game-changing chances just drift away. This is no exaggeration since statistics clearly show that most businesses fail because they simply run out of money, and sometimes, right when opportunities were starting to present themselves.In this discussion, I’m not talking about “start-up” capital; that’s the money you need when you are getting your business off the ground. Start-up money often comes from personal savings, pensions, investors and leveraging the personal assets of the owners and partners. If planned correctly, start-up capital should last y 1-2 years into the life of the business and many business textbooks indicate 5 years but in everyday reality we don’t see that as true; the question is what happens when you run short of cash. Owners will scramble, start begging family members and friends, try to add more partners or investors and begin a journey of attempting to get more cash from their bank or any resource possible.The limitations of going to outside parties are very clear and obvious. Family and friends will only go so far to help you and without a positive sales cash flow, commercial lenders will have to turn their back on you. But you still need capital to buy that new machine, hire more employees or try to fulfill that huge government contract you were just awarded. Here are a few realistic options you have when trying to access capital particularly when your business just hasn’t quite turned the corner toward sustained profitable sales.Where can you get cash? Here are some tips.1) Tool one: Sale leaseback; if you own equipment like machine shop tools, forklifts, heavy trucks, heavy machinery or real estate then you can refinance those assets and lease them back to yourself for cash. Only certain collateral types apply for this strategy and assets like computers, copiers, media and furniture will not work because they are considered “soft” assets. A lender wants assets which they can easily resell in case of default. A sales leaseback can normally go to 36 months and rates of 9-14% will apply; if you have the right equipment then you can get cash very quickly using this tool.2) Tool two: Merchant cash loan or short term business loan; both are synonymous for getting working capital based on your business cash flow with terms normally for 3-15 months. The lender will auto-debit the money out of your account each working day until the debt is repaid so repayment is automatic. To get approved you will need consistent bank deposits or merchant account deposits (credit card sales) and be in business for 2 years but you won’t need any specific assets. Approval is a fast process and rates of 18-25% will apply. These types of loans can be used only when needed and as revolving access to cash as well.3) Tool three: Factoring. If you have accounts receivables from solid clients with good credit then you can get cash advanced within one week instead of having to wait 30, 60 or 90 days that large customers can sometimes take to pay a vendor. The advance amount is normally 90% of the receivable and the balance minus fees is paid when the client pays the lender. Factoring does not rely on your credit status; it depends on your client’s credit and can get cash quickly into your hands so you can pay current debts and buy additional inventory as your business grows. Nice thing about factoring, like short term merchant loans, is you only use it as needed and you’re not locked into any specific term. Typical rates are 1-3% of the monthly amount factored.These are the 3 strongest solutions for getting working capital for your business. Both companies which are not bankable and those that are, use these tools frequently to make up short term cash requirements. Other more drastic alternatives include selling off unused equipment, getting hard money loans against your business or personal real estate or adding more partners but these are viewed as last ditch efforts for companies which are slowly sinking into closure. Understanding the options of where to get money quickly before you actually need it can help your business survive and flourish. You will be able to make better management decisions and jump on those business-changing opportunities that inevitably present themselves.
Business Financing Cash Flow On Auto Pilot?
Business cash flow financing for many firms in the SME sector involves the necessity to turn receivables into liquidity for the company, in effect we’re talking about ‘ invoice cash ‘, that is the sort of financing that clients here at 7 Park Avenue Financial are looking for – i.e. cash flow lending That term is synonymous with cash flow challenges that hit many firms all the time. How then does the use of an AR finance company assist in meeting that challenge?Sooner, rather than later is the need for business owners who want cash flow to support their company requirements. In many cases certain industries demand a lot more cash for companies that participate in the sector. That might mean more focus on capital assets or even research into new products and services.What happens though when you can’t get the credit financing you need from traditional banks / business-oriented credit unions, etc? That’s where an AR Finance company comes in.Your ability to quickly and efficiently set up a receivable discounting facility allows you to immediately remove the problem of waiting 30, 60 or even 90 days for receipt of client funds for your goods and services.To receive full funding for your receivables from a Canadian charted bank there is of course an extensive loan and business application, with a lot of emphasis spent on historical cash flow analysis, balance sheet analysis, income statement and operating ratios, etc! Invoice cash services eliminate 90-95% of that type of waiting and negotiation.So why then does ‘ factoring ‘, the more technical name for invoice cash work and in fact showing more popularity every day when it comes to ‘ cash lending ‘ solutions. The answer is simple, an immediate flow of funds based on your sales revenues. That becomes most of the solution to what the pros call your ‘ working capital cycle ‘. That cycle, simply speaking, is the amount of time it takes a dollar to journey through your company and makes it back onto the balance sheet as cash.When you finance through an invoice cashing – also called invoice discounting facility, you are not borrowing funds on a long term basis. Your balance sheet does not accumulate debt; you are simply liquidating current assets in a more efficient manner.Is there one type of facility in the area of ‘ invoice cash ‘ that works better than others? We’re glad you asked! We constantly recommend Confidential Receivable Financing, it’s the ‘non-notification’ part of this solution, allowing you to bill and collect your own accounts, bank your own funds, and choose how much financing you need on an ongoing basis. It’s classic ‘ pay for what you use ‘ financing when you’re working with the right partner.
What Is A Cash Flow Loan? What Are My Firm’s Options Financing Cash Flow?A/R Finance is not always the ‘ only ‘ way to fund cash flow needs. Other strategies might include:Working capital short term loansSale-leaseback strategiesInventory financeTax credit finance ( sr&ed refunds are financeable)Mezzanine Financing – (Unsecured cash flow loans)Longer term solutions of course involve scenarios such as new equity.To receive full funding for your receivables from a Canadian charted bank there is of course an extensive loan and business application, with a lot of emphasis spent on historical cash flow analysis, balance sheet analysis, income statement and operating ratios, etc! Invoice cash services eliminate 90-95% of that type of waiting and negotiation.Long term financing activities of course might involve scenarios such as new equity by owners.So let’s recap: Your business requires additional cash flow. You either have facilities in place and they aren’t working, or you are self-financing and need cash flow to pay suppliers, employees, etc. Seek out and speak to a trusted, credible and experienced Canadian business financing expert who can deliver on invoice cash for your firms need.