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How to Make Money Blogging

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Is it actually possible to make a living out of blogging? Or is it just a myth?

Here’s the good news: You CAN make money from blogging. You just have to do it right.

Take my blog as an example.

Blogging played a crucial role in my success. But reaching this point did have its fair share of obstacles, mistakes, and lessons.

Currently, my revenue is $381,772 for 30 days. 

Now, that’s a LOT of money, especially for a blog.

But how am I able to pull this off?

I was completely dedicated and put in tons of hard work to create useful and detailed content and use relevant images to provide accurate and thorough information to my readers.

This helped me become an authoritative figure and thought leader in my niche.

And no, it doesn’t have to take you years to become a successful blogger. 

Knowing the art of consistently churning out top-quality content, driving search engine traffic, leveraging social media, and generating leads is great. But you also need to know how to make money from your blog.

The process is certainly challenging, especially with the internet painted with a lot of bad advice. 

But this isn’t one of those articles.

In this guide, I’ll show you the exact way to make money from blogging by avoiding the mistakes I’d made in my 10-year journey. So not only will your blogging success be easier, but it also is quicker.

Excited? Let’s begin. 

Your 2-Minute Cheat Sheet

The very first thing you need to start making money is to come up with an idea and the name for your blog. Think through the topics you’d want to write about often.

After that, sign up for the Basic plan with Bluehost. Even if you don’t have much of a budget, this is practically a steal at just $2.95 per month. 

Set up your account, taking care to skip all the add-ons except for domain privacy and protection. A few extra dollars for better privacy and security is an investment.

And with this, you’ll have your own blog domain. Hurrah!

The next steps will have you installing WordPress and then finally writing and publishing your first blog post.

Once you’ve posted a couple of blogs and have started to attract some traffic, you can work on monetizing it to make your first dollars.

For this, you’ll have to sign up for a Google AdSense and Amazon Associates account to make money through ads and affiliate marketing, respectively. You can also sell your own products and services after successfully driving high traffic to your site.

That was the basics. Let’s get into the details now.

Step 1: Figure Out Your Blog’s Niche

The first on the agenda is to decide what your blog is going to be about. Whether you want to talk about marketing, CBD, veganism, or just random life stories, figure it out.

Remember, your idea doesn’t have to be revolutionary, but you do need a unique voice.

Here are two tips for deciding on a blog niche:

Choose Something That You Enjoy

I know that this sounds like a cliche, but it makes no sense to blog about it if you don’t love the topic.

Never start blogging about something that you don’t love–it will show in your writing and your readers will know. Moreover, you won’t be able to consistently produce top-notch content to build your audience and later monetize from it.

Make a list of things that get you naturally curious and that you enjoy learning about. Or think about what your friends and family come to you when seeking advice.

Find Out Whether a Prospective Niche Has a Readership

The only way you can earn money through your blog is if you have enough site visitors. 

Let’s assume you’ve already figured out your blog niche and want to write about arts and crafts.

You make a smart decision to niche down further and develop a blog exclusively dedicated to either paper art or scrapbooking. While you enjoy writing about both topics, you prefer to focus on one primarily.

But how do you choose between the two options? 

Answer: Do a quick Google search.

As you can see, there are far more results related to paper art as opposed to scrapbooking. Therefore, it makes more sense to write about paper art, which is what audiences are searching for. 

I would also like to add that it’s better to avoid broad or generic topics. Don’t be afraid to get specific as long as you have takers for it. 

For instance, if you want to create a food blog, don’t use words like “food.” Instead, use “barbecue” or “vegan.”

Get my point?

Step 2: Name Your Blog

Once an idea is in place, you need to work on naming your blog.

Does the name Stefani Joanne Angelina Germanotta ring a bell? Thought so.

But I bet Lady Gaga does.

Stefani Joanne Angelina Germanotta is Lady Gaga’s real name. She decided to go with a catchier and easier-to-remember alternative that aligns better with her music. 

That’s the power of the right name.

Choosing a blog name is equal parts exciting and daunting. After all, this will be your brand name and dictate how people will remember you.

Don’t overthink it, and don’t name your blog something random or offensive.

Keep in mind the following questions when deciding on a name:

  • Does it reflect what your blog is going to be about?
  • Would your target audience like it?
  • Is the name easy to say and spell?
  • Is it short and concise?

I chose my own name as my domain (NeilPatel.com) simply because Neil Patel is who I am, and it’s also my brand. You could do what I did or come up with something entirely different.

Whatever name you come up with, make sure it’s available as website domains. 

You can use Bluehost’s domain name checker for this purpose. Type in each potential name in the search bar, and click Check Availability to know.

I’d recommend opting for a .com whenever possible.

Don’t buy an available domain at this point. I have something up my sleeve to help you get it for free.

Step 3: Sign up With a Web Host Like Bluehost

You need to sign up for a web hosting service to get your blog live, along with a registered domain name that will serve as your blog’s address.

I recommend Bluehost as its hands down one of the best web hosting companies—not to mention affordable—that assures excellent service and a free domain.

And did I mention that as a NeilPatel.com reader, you get an additional discount?

You’re welcome.

Head over to Bluehost.com, and click on the green Get Started Now button. 

Next, sign up for the Basic plan. You can always upgrade later, but since you’re just starting a blog, it’s better to stick to the Basic plan.

Register the domain name you came up with without having to pay anything extra. Just make sure the drop-down is set to .com before you click Next.

Following this, you need to sign in using your Google account. You can also manually enter your personal credentials. 

Scroll down to choose your registration term, which can either be a 36-month, a 24-month, or a 12-month agreement. To get the best deal ($2.95 per month), you’ll have to sign up for a three-year contract.

It still isn’t over yet.

You’ll find package options like Domain Privacy + Protection, Codeguard Basic, Bluehost SEO Tools, Microsoft 365 Mailbox Trial, and SiteLock Security Essentials.

In my opinion, you only need Domain Privacy + Protection to protect your contact information against scam callers and unsolicited emails. Ignore the others.

Finally, enter your payment information, read the terms and conditions, and hit submit.

This is the point where you’ll have your blog! 

Complete all the remaining instructions to set up your account, and then move onto the next step.

Step 4: Install WordPress CMS

You have your web host, next you need blogging software.

I trust WordPress to run all my blogs as it is user-friendly, feature-rich, and free. Plus, you can install thousands of free plugins to make your blog more functional and customize it however you want.

After signing up for Bluehost, you will have a free domain and hosting account. Log in by filling in your credentials and then click on Install WordPress

Next, select Do it yourself (FREE) and hit Install, followed by Check Domain. Lastly, acknowledge WordPress’s terms of service and finalize your install.

Ta-Da! You now have a fully functional WordPress blog ready to roll.

Step 5: Design Your WordPress Blog

To design a blog, you need to select an attractive and affordable WordPress theme.

Why do you need this? Well, after signing up for WordPress, your blog will look something like this:

Not exactly what you’d call sleek and welcoming, right? The way your website looks can help drive more website traffic, which, in turn, will enable you to make more money.

Luckily, WordPress has thousands and thousands of themes for you to choose from. I’ve even done a roundup of some of the best ones. Here’s how you can select a WordPress theme:

  1. Log into your WordPress account.
  2. Click on Appearance in the sidebar menu on your dashboard. 
  3. From the drop-down options, select Themes.
  1. Go to Add New, located at the very top of the screen, to gain access to thousands of fancy WordPress themes. You can also click on Feature Filter to filter your search to see options more suited to your tastes.

You should choose a theme that fits your personal style, but at the same time, it should also be in sync with your blog niche.

  1. Preview the theme to see what it will look like. 
  2. If you like the sneak peek of a specific theme, click on Install and then Activate.

With a nice new theme, your website will get a much-needed upgrade that makes it look appealing to visitors.

Step 6: Come up With Interesting Blog Topics

If you want to increase your website traffic or encourage more email signups, you need to offer your readers interesting content. 

My tip is to make a list of questions you get often. Trust me, within just 30 minutes, you’ll be able to come up with a bunch of potential blog topics. Your priority should be to look at things from your reader’s viewpoint.

You can also focus on higher-level questions.

Suppose you want to start a parenting blog for stay-at-home moms. Below, I’ve created a list of questions to ask yourself, along with a list of answers concerning the mom blog.

Q1) What could be an intriguing or exciting talking point for your readers?

For stay-at-home moms, topics related to sleep training, homeschooling, and budget-friendly meal ideas could be a great place to start.

Q2) What are your reader’s pain points and challenges?

Common household challenges for stay-at-home moms could be meal planning, understanding developmental milestones, and so on.

Q3) What are your readers’ character traits?

Moms are typically patient and caring and appreciate a sense of humor.

Q4) What niche topics would appeal the most to your readers?

A child’s mental, physical, and emotional development could be attractive talk points for stay-at-home moms.

Q5) What topics would your readers hate about my niche?

Stay-at-home moms don’t like to be looked down on by others. So, you could write blogs about how society views them and their impact.

Similarly, you can use the above questions to come up with ideas according to your niche. While you’re at it, don’t forget to work out a catchy headline that will make the reader instantly click on your blog.

Step 7: Optimize Your Blogs for the SERPs

Search engine optimization or SEO is a crucial step to earn money via blogging. Here, you will optimize your website to rank higher in search engines for specific keywords and phrases.

If you’ve been following me for a long time, you may already know how SEO is my trump card.

By incorporating particular keywords and phrases, I’ve successfully driven more than 30 million visitors to my website. Shocked?

That’s the power of SEO.

On WordPress, you can optimize your content and blog by downloading a plugin called Yoast SEO. 

Go to the Plugins menu, and click on Add New. Search for Yoast SEO in the search bar, and then install the plugin. 

Don’t forget to activate it to complete the installation process.

You’ll find that this plugin will give you all kinds of improvement tips and suggestions based on the keyword you select to help you optimize your content. I’d recommend incorporating as many suggestions as you can to improve SEO and content readability.

Step 8: Sign up for Google AdSense

Setting up ads is the best way to monetize your blog. But you need to be smart about it.

The biggest mistake people make is to bombard their sites with blinking ads. Avoid this at all costs. 

Instead, focus on using targeted ads that appeal to your customers without annoying them.

To start earning money through ads, you need a Google AdSense account. Head over to the AdSense page, and click on Sign Up Now. If you don’t have an existing Google account, you have to set up a new one. If you already have a Google account, simply sign in.

Fill out all the relevant information before submitting your application. The AdSense team reviews every application, and if everything goes well, you’ll be in!

Next, follow the below steps to set up your account:

  1. Go to your AdSense dashboard and click on My Ads > New ad unit.
  2. Select the size of your ad and the type of ad. Once you’re done, select Save and get code
  1. You’ll get a bit of code that you’ll then have to copy and paste between your page’s <body> tags. Here’s how it’ll look.
  1. Once you’ve pasted the code, your ad will be live. Your AdSense dashboard will have all information about your earnings, so check it regularly.

While you can use ads on as many as you want, I would recommend starting with just one–maybe two max–to get an idea of how your audience responds to them. 

If you see a higher bounce rate on your dashboard, you should consider repositioning your current ads for better results.

Step 9: Create an Amazon Associates Account

You might have already heard of affiliate marketing. If your goal is to earn passive income, leveraging the power of affiliates is your best bet.

You can start by signing up for Amazon Associates, which allows you to start earning right away through referral links, display ads, or Amazon-based shopping carts. 

If your visitors decide to use your referral link or click on the display ads, you’ll get a small commission.

To sign up for Amazon Associates, all you need to do is visit the website and click on Join Now for Free.

This can be pretty effective. Just check out these earnings of Brendan Mace for definitive proof.

Amazon Associates isn’t the only affiliate program. 

You’ll be happy to know that there are plenty of companies with their own affiliate programs, some of which pay higher commissions than Amazon. Just make sure to research before signing up to be an affiliate for a brand.

That said, I’d also like to emphasize the importance of advertising only those products or services that you’ve used yourself or genuinely believe can help your audience.

Step 10: Offer a Product or Service for Sale (Optional)

Many people think that advertisements are the only source of income for bloggers. This might be true for a few, but you’ll also find many bloggers make quite a bit of money by selling a product or service.

Of course, this will only work when you already have a loyal readership with steady website traffic like Nomadic Matt. Once you’re at this stage, you shouldn’t be afraid to take the leap.

Here are a few things that you can consider selling:

  • Training courses
  • Books
  • Video courses/webinars
  • Coaching services
  • Consulting services

Next, you have to figure out how you want to sell your product. Services like Shopify or WooCommerce plugins on WordPress, Amazon, or Etsy are great options for digital products. If you’re selling a physical product (like phone cases or clothes), you’ll have to set up a more comprehensive ecommerce store. 

Finally, let your audience know about your product or service by sending them emails. You can also consider developing lead magnets like pre-recorded webinars, PDFs, and whitepapers to build your email list.

Conclusion

There’s a difference between simply having a blog and monetizing a blog. To make this transition successful, you’ll need to adopt a more proactive and focused approach.

You’ve got this! 

Just remain focused and work consistently to keep improving your blog and build trust between you and your audience. And follow my steps above to get things started on the right track.

Remember to stick with what works, and you’ll have a successful formula.

Have you tried blogging yet? Let me know about your experience.

The post How to Make Money Blogging appeared first on Neil Patel.

Trump riots: Democrats plan to introduce article of impeachment

The charge of “incitement of insurrection” is set to be tabled on Monday after riots at the Capitol.

The post Trump riots: Democrats plan to introduce article of impeachment appeared first on Buy It At A Bargain – Deals And Reviews.

U.S.-Stock Funds Rose 19.1% in a Grueling 2020

Quarterly Monitor: The average is less than it was in 2019, but it could be seen as more impressive considering what the economy and markets had to overcome last year.

The post U.S.-Stock Funds Rose 19.1% in a Grueling 2020 first appeared on Online Web Store Site.

The post U.S.-Stock Funds Rose 19.1% in a Grueling 2020 appeared first on Buy It At A Bargain – Deals And Reviews.

Get the Best LLC Credit Card

Need an LLC credit card? You’ve come to the right place. And they are still available, despite the COVID-19 situation.

The Very Best LLC Credit Card

We researched just about every LLC credit card for you. So, here are our top picks.

Per the SBA, company credit card limits are a whopping 10 – 100 times that of personal credit cards!

This shows you can get a lot more cash with business credit. And it also means you can have personal credit cards at retail stores. So, you would now have an additional card at the same retailers for your small business.

And you will not need collateral, cash flow, or financials to get company credit.

LLC Credit Card Benefits

Perks vary. So, make certain to choose the perk you would prefer from this selection of options.

Get a Secure LLC Credit Card for Fair Credit Scores

Capital One® Spark® Classic for Business

Check out the Capital One® Spark® Classic for Business. It has no annual fee. There is no introductory APR offer. The regular APR is a variable 24.49%. You can earn unlimited 1% cash back on every purchase for your company, without any minimum to redeem.

While this card is within reach if you have average credit scores, beware of the APR. Yet if you can pay promptly, and in full, then it’s a bargain.

Find it here: https://www.capitalone.com/small-business/credit-cards/spark-classic/

Get a Trustworthy LLC Credit Card for Fair to Poor Credit, Not Calling for a Personal Guarantee

Brex Card for Startups

Take a look at the Brex Card for Startups. It has no annual fee.

You will not need to provide your Social Security number to apply. And you will not need to provide a personal guarantee. They will take your EIN.

However, they do not accept every industry.

Also, there are some industries they will not work with, and others where they want added documentation. For a list, go here: https://brex.com/legal/prohibited_activities/.

To determine creditworthiness, Brex checks a business’s cash balance, spending patterns, and investors.

You can get 7x points on rideshare. Get 4x on Brex Travel. Also, get triple points on restaurants. And get double points on recurring software payments. Get 1x points on everything else.

So you can have bad credit (even a 300 FICO) to qualify.

Find it here: https://brex.com/lp/startups-higher-limits/

Establish business credit fast with our research-backed guide to 12 business credit cards and lines.

Get an LLC Credit Card with No Annual Fee

No Annual Fee/Flat Rate Cash Back

Ink Business Unlimited℠ Credit Card

Take a look at the Ink Business Unlimited℠ Credit Card. Beyond no annual fee, get an introductory 0% APR for the first year. Afterwards, the APR is a variable 14.74 – 20.74%.

You can earn unlimited 1.5% Cash Back rewards on every purchase made for your business. And get $500 bonus cash back after spending $3,000 in the first three months from account opening. You can redeem your rewards for cash back, gift cards, travel and more using Chase Ultimate Rewards®. But you will need excellent credit scores to receive this card.

Find it here: https://creditcards.chase.com/business-credit-cards/ink/unlimited

Get an LLC Credit Card for Luxurious Travel Points

Flat-rate Travel Rewards

Capital One® Spark® Miles for Business

Take a look at the Capital One® Spark® Miles for Business. It has an introductory yearly fee of $0 for the first year, which then rises to $95. The regular APR is 18.49%, variable due to the prime rate. There is no introductory annual percentage rate. Pay no transfer fees. So late fees go up to $39.

This card is terrific for travel if your expenses do not fall into typical bonus categories. You can get unlimited double miles on all purchases, without any limits. Get 5x miles on rental cars and hotels if you book through Capital One Travel.

Get an initial bonus of 50,000 miles. That’s the same as $500 in travel. However you just get it if you spend $4,500 in the initial 3 months from account opening. There is no foreign transaction fee. But you will need a good to superb FICO score to qualify.

Find it here: https://www.capitalone.com/small-business/credit-cards/spark-miles/

Bonus Travel Categories with a Sign-Up Offer

Ink Business Preferred℠ Credit Card

For a wonderful sign-up offer and bonus categories, check out the Ink Business Preferred℠ Credit Card.

Pay an annual fee of $95. Regular APR is 17.49 – 22.49%, variable. There is no introductory APR offer.

Get 100,000 bonus points after spending $15,000 in the initial 3 months after account opening. This works out to $1,250 towards travel rewards if you redeem via Chase Ultimate Rewards.

Get three points per dollar of the first $150,000 you spend with this card. So this is for purchases on travel, shipping, internet, cable, and phone services. Plus it includes advertising purchases made with social media sites and search engines each account anniversary year.

You can get 25% more in travel redemption when you redeem for travel with Chase Ultimate Rewards. But you will need a good to superb FICO score to qualify.

Find it here: https://creditcards.chase.com/business-credit-cards/ink/business-preferred

No Yearly Fee

Bank of America® Business Advantage Travel Rewards World MasterCard® credit card

For no yearly fee while still getting travel rewards, have a look at this card from Bank of America. It has no annual fee and a 0% introductory APR for purchases during the first nine billing cycles. After that, its regular APR is 13.74 – 23.74% variable.

You can get 30,000 bonus points when you make a minimum of $3,000 in net purchases. So this is within 90 days of your account opening. You can redeem these points for a $300 statement credit towards travel purchases.

Earn unlimited 1.5 points for every $1 you spend on all purchases, everywhere, every time. And this is despite how much you spend.

Also earn 3 points per every dollar spent when you schedule your travel (car, hotel, airline) through the Bank of America® Travel Center. There is no limit to the number of points you can get and points don’t expire.

But note you will need superb credit to get this one (as in, 700s or better).

Find it here: https://www.bankofamerica.com/smallbusiness/credit-cards/products/travel-rewards-business-credit-card/

Hotel Credit Card

Marriott Bonvoy Business™ American Express® Card

Check out the Marriott Bonvoy Business™ Card from American Express. It has an annual fee of $125. There is no introductory APR offer. The regular APR is a variable 17.24 – 26.24%.  But you will need good to exceptional credit scores to get this card.

Points

You can get 75,000 Marriott Bonvoy points after using your card to make purchases of $3,000 in the initial three months. Get 6x the points for qualified purchases at participating Marriott Bonvoy hotels. You can get 4x the points at US restaurants and gasoline stations. And you can get 4x the points on wireless telephone services bought straight from American service providers and on US purchases for shipping.

Get double points on all other eligible purchases.

Rewards

Also, you get a free night every year after your card anniversary. And you can earn one more free night after you spend $60,000 on your card in a calendar year.

You get free Marriott Bonvoy Silver Elite status with your Card. Also, spend $35,000 on qualified purchases in a calendar year and get an upgrade to Marriott Bonvoy Gold Elite status through the end of the next calendar year.

Plus, each calendar year you can get credit for 15 nights towards the next level of Marriott Bonvoy Elite status.

Find it here: https://creditcard.americanexpress.com/d/bonvoy-business/

Business Credit Cards with a 0% Introductory APR – Pay Zero!

Blue Business® Plus Credit Card from American Express

Take a look at the Blue Business® Plus Credit Card from American Express. It has no annual fee. There is a 0% introductory APR for the first 12 months. Afterwards, the APR is a variable 14.74 – 20.74%.

Get double Membership Rewards® points on everyday business purchases like office supplies or client dinners for the initial $50,000 spent per year. Get 1 point per dollar afterwards.

But you will need great to outstanding credit to qualify.

Find it here: https://creditcard.americanexpress.com/d/bluebusinessplus-credit-card/

American Express® Blue Business Cash Card

Also take a look at the American Express® Blue Business Cash Card. Note: the American Express® Blue Business Cash Card is identical to the Blue Business® Plus Credit Card from American Express. But its rewards are in cash as opposed to points.

Get 2% cash back on all eligible purchases on up to $50,000 per calendar year. Then get 1%.

So it has no yearly fee. There is a 0% introductory APR for the initial year. After that, the APR is a variable 14.74 – 20.74%.

But you will need great to excellent credit scores to qualify.

Find it here: https://creditcard.americanexpress.com/d/business-bluecash-credit-card/

Establish business credit fast with our research-backed guide to 12 business credit cards and lines.

Get a Flexible Financing LLC Credit Card – Have A Look at Your Options!

The Plum Card® from American Express

Have a look at the Plum Card® from American Express. It has an introductory annual fee of $0 for the first year. After that, pay $250 per year.

Get a 1.5% early pay discount cash back bonus when you pay within 10 days. You can take up to 60 days to pay without interest when you pay the minimum due by the payment due date.

However, you will need great to excellent credit to qualify.

Find it here: https://creditcard.americanexpress.com/d/the-plum-card-business-charge-card/

Get an LLC Credit Card for Cash Back

Flat-Rate Rewards

Capital One ® Spark® Cash for Business

Take a look at the Capital One® Spark® Cash for Business. It has an introductory $0 annual fee for the first year. After that, this card costs $95 per year. There is no introductory APR offer. The regular APR is a variable 18.49%.

You can get a $500 one-time cash bonus after spending $4,000 in the initial three months from account opening. So you can get unlimited 2% cash back. Redeem at any time without any minimums.

But you will need great to exceptional credit to qualify.

Find it here: https://www.capitalone.com/small-business/credit-cards/spark-cash/

Flat-Rate Rewards and No Annual Fee

Discover it® Business Card

Check out the Discover it® Business Card. It has no yearly fee. There is an introductory APR of 0% on purchases for one year. After that the regular APR is a variable 14.49 – 22.49%.

Get unlimited 1.5% cash back on all purchases, with no category restrictions or bonuses. So they double the 1.5% Cashback Match™ at the end of the first year. There is no minimum spend requirement.

You can download transactions quickly to Quicken, QuickBooks, and Excel. But note: you will need good to outstanding credit to qualify for this card.

So you can get it here: https://www.discover.com/credit-cards/business/

Bonus Categories

Ink Business Cash℠ Credit Card

Take a look at the Ink Business Cash℠ Credit Card. It has no yearly fee. There is a 0% introductory APR for the initial year. After that, the APR is a variable 14.74 – 20.74%. You can get a $500 one-time cash bonus after spending $3,000 in the first three months from account opening.

You can get 5% cash back on the initial $25,000 spent in combined purchases at office supply stores and on net, cable and phone services each account anniversary year.

Get 2% cash back on the initial $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases. There is no restriction to the amount you can earn.

But you will need outstanding credit scores to receive this card.

Find it here: https://creditcards.chase.com/business-credit-cards/ink/cash?iCELL=61GF

Boosted Cash Back Categories

Bank of America® Business Advantage Cash Rewards MasterCard® credit card

Take a look at the Bank of America® Business Advantage Cash Rewards MasterCard® credit card. Get an 0% introductory APR for the initial 9 billing cycles of the account. Afterwards, the APR is 13.74% – 23.74% variable. There is no yearly fee. You can get a $300 statement credit offer.

Get 3% cash back in the category of your choice. So these are filling stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services. Get 2% cash back on dining. So this is for the first $50,000 in combined choice category/dining purchases each calendar year. Then earn 1% after, with no limits.

But you will need exceptional credit to qualify.

And then you can find it here: https://promo.bankofamerica.com/smallbusinesscards2/

The Best LLC Credit Card for YouGet cards for your Limited Liability Corporation Credit Suite

Get an Irresistible LLC Credit Card for Jackpot Rewards That Never Expire

Capital One® Spark® Cash Select for Business

Check out the Capital One® Spark® Cash Select for Business. It has no annual fee. You can get 1.5% cash back on every purchase. There is no limit on the cash back you can earn. Also get a one-time $200 cash bonus when you spend $3,000 on purchases in the initial three months. Rewards never expire.

So pay a 0% introductory APR for 9 months. Then pay 14.49% – 22.49% variable APR afterwards.

But you will need great to superb credit scores to qualify.

And then you can find it here: https://www.capitalone.com/small-business/credit-cards/spark-cash-select/

The Best LLC Credit Card for You

Your outright best company credit cards hinge on your credit history and scores.

Only you can select which features you want and need. So, make sure to do your homework. Because what is excellent for you could be disastrous for somebody else.

And, as always, be sure to build credit in the recommended order for the best, speediest benefits. The COVID-19 situation cannot last forever.

The post Get the Best LLC Credit Card appeared first on Credit Suite.

Mystery or Myth? Bad Credit Recession Startup Business Loans

In this post COVID-19 economy, funding has become a huge issue for businesses.  If you have bad credit, it may seem hopeless. Can you get bad credit recession startup business loans?  Probably not, but there is hope.  There are other options.

Bad Credit Recession Startup Business Loans: Do They Really Exist?

This is a question for the ages. Everyone had heard of them, these elusive loans that anyone can get, even with bad credit. Are they for real? Do they exist? Are they a hoax straight from Bigfoot’s mouth, or are the same as the stories of golden cities in the jungle and fountains that make you forever young? The answer is not as simple as you might think. It is pretty gray actually. But bad credit startup business loans with guaranteed approval are maybe a misnomer.

In the strictest sense, no, they do not exist. This is because there are no guarantees, ever. There are so many variables that go into the term “guarantee.”

That doesn’t mean you should lose all hope however. There are some loans available to those with bad credit. You just can’t say that there is a guarantee of approval because in most cases, there is other criteria a business must meet to eligible if credit is bad.

Bad Credit Recession Startup Business Loans: Why Does Credit Even Matter?

Startups are a big risk, and few lenders are willing to take such risks, especially during a recession.  Lenders check credit to help determine whether or not a borrower is likely to repay the loan. It is an effort to reduce risk. Like anything else, overuse can render it useless. Credit is a good indicator, but it is not a perfect indicator, of a likelihood to repay.

Bad Credit Recession Startup Business Loans: What Else Can They Look At?

There are a ton of potential borrowers out there that could be great for lenders. Unfortunately, they will never get a second look because of a poor credit score. They may be excellent bill payers that hit a rough patch in the past.

Those lenders then that offer bad credit recession startup business loans look at other factors. They may peruse credit, but they look at income, current debt, and length of time in business as well.

With some bad credit startup loans, guaranteed approval comes with length of time in business and annual revenue. It is important to remember that startup can be as young as a couple of years. It does not have to be a brand new business to qualify as a startup.

Most loans that do not require a great credit score require at least 6 months in business. Some will go with 3 months. Few and far between are the loans that do not have a minimum time in business requirement. But they do exist.

Some lenders will get as personal as to ask what happened with the credit score. If there is a personal situation that caused a decline in credit, letting them know may help. Also, if you are still low but have increased your score significantly, bringing that to their attention may work in your favor.

Say you are asked why your score is so low, and your answer is that you had a health issue that caused you struggle with on time payments.  If you can show them that in the time since your issue became a non-issue you have been able to increase your score by 100 points and it is still rising, the lender may take that into consideration.

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Bad Credit Recession Startup Business Loans: Are These Lenders Mythical, or Simply a Mystery?

Bad credit startup business loans, guaranteed approval or otherwise, are hard to come by. The whole search is similar to that of a large hairy creature with big feet or the jungle for a city of gold. There is no shortage of claims that they have been found. When it gets down to the nitty gritty however, that is not what they found. Most likely, they have found one of these next options. Still impressive, but not what others claim they are.

Alternative Lenders

Alternative lenders carry the closest product probably.  Most of them are more similar to a very ancient city, but not one made of gold. These lenders are alternatives to the standard banks and credit unions. Many operate solely online. They often process applications in just a few days, and borrowers receive funds quickly.

The main difference is that there are many occasions where they may not even do a credit check. It is quite often that you simply must show that you are generating sufficient revenue to repay the loan and interest.

You do have to do your research still.  Do not assume every loan an alternative lender offers is what you are looking for.

The interest rates with alternative lenders are generally higher, and the repayment terms are less liberal. They may also require a personal guarantee or collateral of some sort.

Despite the often less favorable interest rates and terms, these are a great option for those looking for bad credit startup business loans guaranteed approval.

Crowdfunding

Crowdfunding is not technically a loan, though some crowdfunding sites offer a lending option. These are more in line with investments. This means you do not have to pay them back. As far as bad credit startup business loans, guaranteed approval is not technically possible here.

The reason is that you must set a goal for the amount of investment you want. With some sites, if you do not reach that amount, you do not get your funds. Other crowdfunding sites are more flexible, allowing you to take whatever you can get.

The main reason this doesn’t technically fall into the category of bad credit business loans is that they majority product is not a loan. You do have to provide in depth information however, and most sites require you to offer backers a reward for their investment.

Angel Investors

Again, this isn’t a loan, but it is an option if credit is problem. Though not technically bad credit startup business loans guaranteed approval, they are a bad credit startup funding option. The idea is very similar to that of crowdfunding, except you replace the crowd with one investor.  Sometimes it is two or three investors. It is a few, and not a crowd, that provide the bulk of the funding.

It’s important to note that angel investing in your endeavor can be really informal.  Even your mother can be an angel investor.

Invoice Factoring

If you have been in business long enough to have open invoices, invoice factoring could be an option. The option could qualify as bad credit startup business loans, guaranteed approval with open invoices. The lender is not concerned with your credit, because they will not be collecting from you.

They will pay you a discounted value for your open invoices and then attempt to collect the full amount from your customers. This is an excellent funding option, but truly doesn’t truly operate like a true loan.

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Hit the jackpot and weather any recession with our best webinar and its trustworthy list of seven vendors who can help you build business credit.

Merchant Cash Advance

This works similar to invoice factoring, but it isn’t exactly the same. You do have to be generating sufficient credit card sales to qualify. However, they are not interested in your credit because they will collect from your credit card sales automatically.

Here is how it works. The lender determines an amount you are eligible for based on your average daily credit card sales. They then lend you the money, and collect repayment as a percentage of daily credit card sales. Most often, this happens automatically, electronically.

So, though not actually bad credit startup business loans, guaranteed approval is possible if you have the required credit card sales. It is a funding option that works for many.

Self-Funding and Friends and Family

Your friends and family are often your best source for bad credit startup business loans, guaranteed approval because they love you. If they believe in your cause and have the funds, they may be willing despite bad credit. They may also be more flexible and generous in terms of interest rates and repayment terms. It never hurts to ask.

If you have savings or retirement funds available, there is no doubt you will have guaranteed approval with what’s called securities-based financing. An added bonus is that you can repay yourself, and if you choose to do so with interest, even a little, you could end up better off. If you need to take it more slowly, you can do that too. You can be as flexible as you want with yourself.

Avoid the Search

If you are weary of searching for mythical creatures, start now working to establish and build business credit. Many times, this is an issue for the simple reason that business owners do not understand business credit and personal credit are not one and the same.

By working to establish a credit score for your business separate from your own, you make it easier to fund your business endeavors in the future.

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Hit the jackpot and weather any recession with our best webinar and its trustworthy list of seven vendors who can help you build business credit.

The First Step

If you do not currently have business credit and need to get it established, there are some simple steps you can take to get started.

  • Incorporate your business
  • Get your business its own phone number and address
  • List this information under your business name in all the directories.

These steps establish your business as its own entity separate from you and your finances. This is the essential first step to establishing business credit.

Build Legendary Business Credit

This should be the ultimate goal.  Once your business its own entity, you can work on building, or repairing, bad credit. When that part is complete, you no longer have to worry about bad credit startup business loans, guaranteed approval or otherwise. You will just be able to apply for a loan and negotiate for the best terms and rates.

How do you get there? First, make sure you are doing business with vendors that report to the credit agencies. Then, get whatever credit you are eligible for. Whether it is a bad credit startup business loan guaranteed approval, or a small business credit card with a low limit.

Even if you don’t need credit at the moment, get something. Then make your payments on time, consistently. This builds a credit score where there was none before, and can begin to repair a poor credit score.

What Makes a Legend?

Remember, legends are not made of nothing but once upon a times and happy endings. There is always an obstacle to overcome. There is always distress of some sort. Don’t let the hard to find bad credit startup business loans, guaranteed approval or those that require a little extra work, be the thing that keeps you from your happy ending.

Either find one of the few in existence, or take advantage of one the alternatives. There is more than one way to win a battle. If the regular weapons are not available for whatever reason, find another way.

The key is to put yourself in a better situation so that once you survive the battle, you can win the war. Then you can go down in history as your own business legendary beast. The Bigfoot of the business world!

Discover this new way to find bad credit startup business loans – guaranteed approval.

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New comment by connie-unify in "Ask HN: Who is hiring? (January 2021)"

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