XonMarketing.com | Blog of Experienced Marketer

Article marketing can be a big challenge if you don’t have all the necessary tools that help to produce high quality content with less effort and in minimum time. So read on to find out the best online tool that will help you save time while writing articles. 

Article Marketing Question # 1:

I hate Article Writing: How Can I Save Time While Writing Articles?

As you know, article writing and article promotion can take several hours every single day. This is routine that should be repeated on a daily basis if you want to generate steady traffic to your sites. Perhaps for this reasons, some marketers neglect article marketing which can seem very dull and exhausting. Especially those who don’t like writing articles, are away from article marketing which is the most important part of any website promotion. 

Fortunately, today there are all necessary tools at hand to easily implement article writing and promotion.  You can save a lot of time if you automate your article research and writing.

Article Marketing Question # 2:

How Can I Automate My Article Research and Writing?

The best software I know and use on a frequent basis is Instant Article Wizard which is actively applied by many popular internet marketers. Using this tool, you can write a top notch article literally in a few minutes, even if you know nothing about the subject.

As for automation of writing, you can use good article writing or rewriting tools to facilitate your job.

Conclusion:

Article marketing should be considered by every website owner. So you have to learn writing articles fast using special tools. It is really worth that!

If you have a well developed business plan, strong credit, and reasonable collateral then it should not be unrealistic for you to obtain a business line of credit or revolving credit facility. Once you have been accepted by a number of banks or finance companies for a business LOC then it is time to determine which company has offered you the best terms. Foremost, you should look at the interest rate offered by the financial institution. It is a fixed rate credit line or will the interest rate increase/decrease with changes in the general economy.

Other considerations to factor into your decision regard the covenants regarding the credit line. Is the business LOC unsecured or is it secured by a piece of property that you have put up as collateral? Will you be required to personally guarantee the credit line? Additionally, many banks/financing companies require that your business (or your income) maintain a certain minimum level during the time that you are granted access to the revolving credit facility.

One of the other considerations that you must take into account is the nature of the credit line itself. If you draw down the line, what will be the repayment term? Will the business line of credit convert to a normal loan after the terms of the credit facility has expired?

One of the final considerations that you should take into account is if the business credit line of credit secured by your personal guarantee – how will the use of the credit facility impact your personal credit score? This is especially important if you have ongoing personal credit needs (such as property loans, credit cards, or car loans).

Once accepted for a business LOC, these are all questions that you must carefully consider when entertaining offers from a bank or finance company. If you have having difficulty making the proper determination based on the offers that you have received then it may be in the best interest for you to bring the proposals to your accountant who can assist you in making the best determination for both you and your business.

The primary difference between a secured and an unsecured business LOC is that a secured credit facility has underlying collateral of which a bank or finance company can claim if you default on your credit line. As we have seen in previous articles, the collateral that can be used to secure a line of credit can vary greatly. Collateral can include but is not limited to:

Property owned by your business or personally
Equipment owned by the business
Accounts receivables
The general cash flow of your company (although this is semi-secured).

With an unsecured line of credit, there is no collateral involved. Again, this type of business LOC is highly akin to a credit card. Your income and your personal/business credit are the factors considered when applying for this type of credit line.

The primary benefit of using a secured line of credit is that the interest rate is typically far lower than that of an unsecured credit facility. Again, in the event of default, a secured line provides the bank/finance company with a great deal of security as you have pledged a tangible (and saleable) asset that the bank can use to recoup their debt investment. With an unsecured business line of credit, the granting financial institution has far less flexibility when attempting to require the funds that they originally lent to you.

As such, and if it is possible, you should try to obtain a secured business LOC. This will ensure that should something go wrong with your business – you have spelled out exactly what you stand to lose to the bank. However, it should be noted that if the collateral that you have pledged depreciates in value during the duration of the revolving credit facility then you will still owe the balance of what was recouped versus what was borrowed.

It should be noted that while obtaining an unsecured credit line is certainly possible, the current lending environment has caused almost all banks to now require substantial collateral for obtaining a business line of credit.

Unlike a business investment from a private investor, obtaining a business LOC requires that you have a good personal credit score. If you do not have a great personal credit score then it is still possible to obtain a business line of credit, but it will be more difficult. In the event that you credit is not “up-to-par” then there are a number of lenders available that can provide you with alternative forms of debt financing that are not wholly dependant on personal credit. However, these lines of credit often have very difficult terms and high interest rates.

As any good accountant will tell you, it is imperative that you have a good credit before applying for a business line of credit, business LOC, or any other type of credit facility. Contrary to popular belief, your credit score is not directly tied to your income. Your credit score is based on the number of accounts that you have open, your outstanding balances, and your history of making payments to your creditors in a timely manner. As such, any bank or finance company that may be providing you with a credit facility will want to know this type of information. If you have large outstanding balances, delinquencies, or if the amount of debt you owe is far above normal than a bank or finance company will be less inclined to provide you with a business LOC.

As was discussed in our of our main articles, it is important that you are well aware of your credit profile among the three major credit bureaus that monitor personal credit profiles (Experian, Equifax, and Trans Union). Each of these companies can provide you with a full credit report that showcases your entire credit history over the past seven years. If there are any errors on your credit report, you have the right to have them fixed or reviewed by the credit bureau. Additionally, you have the right to obtain a free credit report once a year.

As an alternative to obtaining a traditional business line of credit, there are two types of facilities that use your future earnings or current receivables. A credit card receivables LOC is linked to your merchant account. This type of lender typically refers to this type of credit facility as a “credit card receivables advance.” Typically, this lender provides an advance of up to 2 months of income based on your merchant account usage history. Each time a sale is made, a certain percentage of the sale is deducted from your balance owed to the lender. However, this type of lending is very expense. The interest rates for this type of business loc can range anywhere from 15% to 29% depending on the state’s lending laws.

An accounts receivable business loc is secured by the individuals or businesses that owe you money. In this scenario a lender will look at your receivables, who your customers are, and how long they have owed you money. Based on these factors, these lenders (often called factoring companies) will provide you with a capped line of credit. However, it should be noted that even if your client does not pay – you will still be liable for the money drawn down on the business loc.

As an alternative to this, some lenders will “purchase” your receivables for a discounted rate. For instance, if John Doe owes you $1,000 then the lender will buy that receivable from you for $850 to $900. If you decide to sell your receivables to a third party – you need to carefully consider whether or not you can afford to sell your receivables for a substantial discount.