The Rich Blog

Factoring is a great way to maintain a positive cash flow when building your business. Accounts receivables financing also known as invoice factoring is the practice of selling your invoices at a discount to a factoring company. It is a quick way for small business to raise working capital when needed. The factoring company buys your accounts and advance you up to 90% of the face value of your invoices. They then collect payment from your customers and return the remaining 10% minus there fee after the customer pays in full.

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Written by Guest Author: J. Scott

It seems like getting out of debt is a hot topic for 2010. News sites seem to be highlighting folks that have worked hard to become debt free. I have had many emails from people asking me the best way to eliminate their debts and how to stay debt free, but there is no simple answer. Becoming debt free is a process and requires much self control and knowledge. The best way to achieve these goals is to educate yourself about the subject and practice what you have learned. Starting an emergency fund and using the debt snowball method to pay off your debts are great places to start your journey. I will give a short description of both below.

1) Emergency fund: We all fall into bad times where we have problems paying our bills, this maybe the reason you are in debt in the first place. With an emergency fund you will be able to still pay your bills on time, when you do fall into these slumps. The goal is to save up at least 3 months of living expenses, but 6 months is highly recommended. Simply add up all your expenses like rent, food, phone, entertainment and what ever else you spend money on now and multiply your total by 3. Save up that much for when hard times hit and you will be able to maintain the same lifestyle until you get back on your feet.

2) Debt snowball method: If you have multiple outstanding debts you want to pay off, this is one of the best methods out there. You basically list your debts in order of highest interest first. You start paying the minimum on all your debts except the first one on the list. Put all the cash you have saved from paying the minimum and any extra you can come up with each month towards to first bill on the list. After this bill is paid, put all the money you were paying on the first bill towards the next debt on your list and continue the process until you have finished paying off all your debts. The debt snowball method is designed to keep you motivated to pay off your bills and motivation is the key to managing personal finances.

Learn as much as you can about these and you will be well on your way to financial freedom.

Clickbank is a marketplace for digital products like e-books and software. If you are wondering how to make money with Clickbank, basically there are two ways after you sign up for an account:

The first way is to use Clickbank to promote your own product. If you have created an e-Book or software, Clickbank serves as your affiliate program manager and helps you recruit affiliates to promote your product. All you have to do is to determine what percentage of the sale you are willing to pay the affiliates. Clickbank handles the rest.

The second way to make money with ClickBank is to promote other peoples products. The Clickbank Marketplace list thousands of products to be promoted which range anywhere from dog training to computer programming. You can get a copy of the product before deciding on whether to promote it. All Clickbank products are covered by a 60 day money back policy.

Once you are done with your product selections, the next step is to promote your new products. There are two popular ways: You can create a web page to advertise your product or integrate your Clickbank products into your emails or newsletters to be sent to the subscribers.

If you decide to create a page to sell your item, write a good sales statement that accurately describes the product and the benefits it provides for the buyers. Use highly-searched keywords in order to get search engine traffic to your page.

If you prefer to promote your product through e-mails, you can use auto responders to create follow up messages to be sent to your subscribers to promote your Clickbank products. By the way, if you don’t have enough subscribers, the best way to make people give you their email address is to offer them something they find valuable for free. You can write an eBook and give it away for free to those who give you their email address or subscribe to your newsletter. Make sure your free eBook covers the same niche as the Clickbank products you plan to promote.

If you are having difficulty with selling your products, here are some tips to help you make more money with ClickBank:

- Choose your target audience. Do not waste your time trying to convince someone to buy something they have no interest in.

- Choose products with a good commission rate. Spend your time and money on marketing a product that will convert and provide you with a healthy commission at the same time.

- Know your Product. Make sure your sales copy is clean, easy to read, and free of any errors. Don’t forget that you can get a copy of the product before deciding on whether to promote it or not.

Good Luck!

If you own a small business, you don’t want to pay a web developer thousands of dollars to build a website for your business. All you need is a basic, professional looking website that is inexpensive and easy to maintain. And WordPress offers you such an option.

WordPress has become an amazingly popular publishing platform that anyone can use to create professional looking websites. There are a lot of people who think that WordPress is just blogging software, but it’s much more than that. It can be a website’s entire content management system.

Here are 5 main reasons why you should consider WordPress when building your small business’ website:

1. It’s FREE

First, you need to choose a domain name and a hosting provider. There are a number of quality hosting companies like GoDaddy where you can host your WordPress site. Most hosting providers offer an option that allows you to install WordPress in just a few clicks. That’s how I created this blog. The only thing you’ll have to pay for is the domain name which costs about $10 and the hosting plan which costs as low as $5 per month. After you install WordPress, you can just log into the admin area and start building your website.

2. Ease of Use

WordPress is very easy to use. You don’t need to have any programming skills or anything like that. When you log into your WordPress account, you will see that you can easily create a great content and establish a fully functional website in less than an hour. There are also plenty of tutorials on the web to help you.

3. Themes

A theme is basically a template that changes the look of your WordPress site. There are hundreds of free themes available for your WordPress account. Some of them are even customizable!

4. Plug-ins

A plug-in is basically a tool you can add to your WordPress site that enhances the functionality of the website. There are plug-ins that help you with accepting payments, designing contact forms, building photo galleries and even optimizing your site’s search engine rankings. If you go to the administration panel, you will see a list of plug-ins available for your website. And the best part is most of these plug-ins are free!

5. Support

WordPress is an extremely popular and commonly used piece of software. There are over 15 million WordPress publishers worldwide. If you have any problems, there are thousands of people available to help you on the WordPress forums. So they have got you covered!

If you are a small business owner who wants to provide your customers with online business services like marketing and e-commerce, I would highly recommend WordPress. It’s free, customizable and an all-in-one solution for all your needs.

Good luck!