How to Get a Business Credit Card With No Credit History

Having a credit card purposely for your business is very useful but getting a business credit card with no credit history can at times be of a little challenge. Almost every successful small business owner would attest to the importance of keeping family and personal finances separate from the business’ finances.It is important not to mix purchases made for the business with those of the family or for yourself. This is the reason why it is important to get a business credit card that will be used solely for making purchases meant for the business’ daily operations.So why is that most small business or family business owners find it a lot more difficult to obtain credit card financing? The reason is quite simple indeed. When a bank for instance loans you or your business money in the form of a credit card, they must be sure that you can pay back the money, with any interests that accrue.And the only way they can make this decision correctly is from your credit score or rating. Now most small business owners do not have a credit history for their business. So it becomes difficult for lenders to approve a credit card in the name of your business. However, it does not mean you cannot get a business credit for your business – it is just a little more difficult. So follow these 4 steps to get a card for your business approved quickly and start building an excellent credit rating for your business.1. Start from the local bank or credit unionGo to the local bank or credit union where your business has an account at. Most small banks are willing to offer a business credit card to new businesses that have accounts with them, albeit without a credit history. If they approve the card for you, it is an excellent opportunity you can build on and get a good credit rating for your business. After that it will be a lot easier to get any card you want for your business.2. What if the first option fails?If it does not work out with the banks or credit union, you can turn to large online or e-commerce retailers such as PayPal or Amazon. If for instance you have a PayPal merchant account, you can apply for a card from them that will help you manage your business’ finances well. So if this applies to you, consider making an application with them and see if it will be approved.3. What about a secured credit card?A secured credit card, registered in your business’ name may your next and best option about getting a card for your business. Most banks will give you this card if you have a savings or checking account with them. You simply deposit money into the account. The bank will then give you a card secured on the account.Every purchase you make will come straight from the checking account. But the card has every feature and capability you would otherwise expect to have on a regular unsecured card. This way, like we stated in earlier, the bank is able to monitor your credit behavior or how you run the business’ finances. If over a period of 9 months, the bank feels your credit behavior is satisfactory, they may upgrade it to a normal credit card.This is one of the best ways many business owners have been able to get a credit card for their businesses and have built excellent credit ratings for their businesses, and you can do same.4. This is important and closely related to step 3 above. Ensure that any card you secure for your business is reported to the credit reference bureaus under your business name. Some credit card firms do not report secured business credit cards. And if it is not reported, you cannot build the good credit rating you need. This way you can begin to build a credit history for your business.If you follow these steps above, you can should be able to get a financial card for your business in no time at all.

Home Business Marketing – 3 Tips New Business Owners Can Use For Your Home Business Marketing Needs

Starting a home business can be a challenging undertaking but with the right support, training, and mental outlook, your efforts can be met with much success and lots of profit. It is important to note that you must promote yourself and your business with an effective method of home business marketing. Because without marketing your business, you will not receive customers and…without customers and clients, you will not generate income.Here are a few suggestions on home business marketing and its importance to sustaining growth, profit, and expansion:Utilize technology whenever possible. It is now easier than ever to learn basic technology skills that will propel your business faster than traditional methods of marketing. The benefits of learning and using internet marketing as your primary method of promotion are:
Speed at which you can begin generating leads
Reaching a larger customer base (on a national or even a global level)
Ability to attract potential distributor into your business (and generate income) 24 hours a day, 7 days a week
Ability to reach targeted prospects who want to know about your business
And more…Use proven systems of internet marketing. It is no secret that following a system or a blueprint that outlines actions steps is essential for reaching your business goals. The benefits of having structure when starting out in any business venture can outweigh the cons of wandering aimlessly to figure out everything on your own.Learn techniques/systems from top earners/mentors who have experienced success with current, cutting-edge methods of marketing and are able to teach others and deliver the information in a way that is easy to understand. Nothing is worse than learning overly-complicated techniques because you will be less likely to implement something that you cannot understand. Good teachers provide information in ways that are easy to grasp and simple to put into action.

Start a Child Care Business – Market Research

Before you can put together a business plan and start a child care business it is essential that you do some proper market research. This is essential as you won’t be able to prepare a marketing strategy if you don’t understand the customers in the market that you are targeting.Many businesses outsource their market research to large companies who specialize in the research field. These services are really too expensive for the budget of a typical daycare startup though.To understand the overall child care market in your area you need to approach your research by looking at demographic data, local competitors as well as some of your prospective customers.This article looks at how entrepreneurs can undertake their own independent market research for a child care or daycare business.General Market InformationStart off by making sure that the area has potential in terms of having a population of families with young children. If you intend to put a business plan together and seek funding from investors or a bank you may have to back up your assumptions with demographic data from a reliable information source such as a recent census.There are also numerous local organizations that you can contact for information such as schools, churches and government departments. You will be surprised at what you can learn just by getting out there and talking to people or by making a few phone calls.Research the CompetitionVisit as many child care centers as you can in your local area. Even if you don’t have your own child of a suitable age you can always pretend that you do or say that you are making enquiries for relatives who will soon be moving to the area. Try to find out as much as you can about their pricing, facilities, services, staff qualifications and the way that they market themselves. As you walk around their daycare premises, put yourself in the shoes of a customer and make a note of anything that you really liked or disliked for future reference.One great way of assessing local demand for daycare services is to enquire with local child care centers about their waiting lists. If many have large waiting lists then this could be one sign that there is good potential in the local market.Research the Child Care Market with SurveysTo understand your customers better you should try to set up some interviews with families that fit your profile of a typical customer. Interviewing people in person is best but you can always do some by mail or on the phone. Offer people a voucher for a free coffee to thank them for taking the time to provide you with such useful information. The questions in your form should help you to assess local demand, understand what kind of daycare services are in demand and to find out if people are satisfied with the care that their children are currently receiving. If possible you should also get an idea of what kind of marketing they would be responsive to.After you have interviewed people, ask them for their contact details and let them know that you will give them a call when your business is set up. These people may later become your first customers if you paid enough attention to the needs and desires that they expressed in your interview session.If you are planning to start a child care business, market research can help you a lot in determining whether your ideas are viable and whether you want to proceed to prepare a full business plan.