Credit Score

      All I remember about grades and score is my high school days when we used to track the score of exams, little did I know this word would again come into picture later in my life. Credit Score is essentially your score that is maintained by a governing body, and most of the lenders like banks, credit cards companies or any other basically checks an individual's credit score before sanctioning any form of loan. 

     Credit score is essentially calculated based on your lending and paying back activities. Normally any default on your existing loan, excess dues kept for long period of time, failure to pay EMIs on time, also sometimes the number of times you have actually applied for a loan or from many different financial institutions also determine this factor. Credit score actually determines your credit worthiness, means whether a financial institution would consider giving you a home loan, car loan, personal loan, or even a credit card or any other form of financial lending. Credit scores are essentially a three digit number ranging between 300 and 900. Depending on this figure your chances of getting a loan are determined, normally a figure greater than 800 has high chances of approval and a figure less than 660 has lower chances. Also for high credit scores you can also actually get more competitive lending rates. 
Now, credit worthiness is not the only factor for getting your loan approved, you need to fulfill certain income requirements as well, means you have the means to payback the loan as well. Credit Scores are usually the first stop check for the finance institutions, and then they move to other frivolities.

There is a certain mathematical equation that goes into place while calculating your credit score. There are certain credit scoring companies which calculate a score based on different parameters, by retrieving data from all your previous lending sources. Whenever you apply for a loan then those lenders check for your credit score from one of these companies, so it might be a good idea to ask for your credit score report and analyse it for any discrepancies, for example, you might have closed that car loan of yours, but it was not reported and as a result your credit rating went down, or that EMI which bounced on your home loan, was actually paid off but your name hasn't been removed from the defaulters list. Regular in paying bills is a habit that goes a long way in maintaining your credit worthiness. In fact foreclosures and settlement of loan accounts also impact the calculation of your score. Over draft and exceeding your credit limits bring down the credit score.

If you happen to have a low credit score, then be sure to monitor your credit report and start paying attention to correct those anomalies. There are a lot of online services which help in helping you correct your credit score. I also faced some bad experiences because of bad spending habits and habitually missing out on my payments, without keeping a focus on long term goals. I learned from my mistakes and since then have taken steps to correct it. The first step of course is to check your credit score and a free report can be obtained from www.cibil.com

Online Business

          
        If you are fed up of a Boss upon you and a 9 to 5 hectic schedule where you work hard, but not get appreciated, then you should think about starting your own Business. It is the most suitable option for you, and working for yourself according to your choice is an exceptionally pleasant feeling. Now the thinking has changed a lot and many people are coming towards business. There are a plenty of options. It is not necessary to start from a high level and finance heavy money. Starting from a little money is also possible, only your unique ideas can transform small business into large.

When you are starting your own Business, online business is a brilliant pick. Some advantageous facts about online business are:

• You don’t need a hefty sum of money to start.
• It takes nearly 3-6 months to settle down, but starts giving results in a short time.
• It requires hard work in starting, but everything is always in your hands.
• You don’t need to go somewhere outside, and a room of your home can play the role of your office.
• You can take many people under your supervision.

Before starting Business, proper planning is compulsory, and it is similar for online business. The risk of failure and shoddy performance of your websites can ruin your dream of personal business. First organize your finances. For online business always target the visitors towards your website, compile all the work in an organized way to avoid any confusion. In this business, there is a high-competition rate and a lot of options in the market. So being persistent and attentive is the key for its success.

Starting your Online Business is not terribly hard. The only thing you should have an idea of what is happening in the market, so you can provide your readers a reliable and factual content. Knowledge of keyword phrases is required through which you can attract a goodly crowd. Learning SEO strategies is a neat option before going ahead. Online business is the best way to earn money- full time but its’ success demands patience and proficient skills.

Online business, Sales & Marketing

           Sales & Marketing is the most vital part of a business, like respiration. It is imperative for a successful business that how you upgrade your business idea or product through Marketing & Sales. The time has been changing, and Marketing & Sales of things are also shifting to a different aspect. Nowadays online business opportunities provide a safe style of Marketing & Sales.

Affiliation of the product, to other websites is also a striking option to gather a crowd. It is supremely easy to boost up your Marketing & Sales through online business. By affiliating the product to those websites, you can increase the productivity as well as its sale. According to the business-experts some points are considered pivotal in this business. First of all the new product is always attractive and popular, so it is the best way to affiliate a brand new product to grasp peoples’ focus at a high level. Gravity Score of product increases its sale, as higher the gravity score the more websites will try to endorse it. Online business has been proved a prominent structure in the rise of Marketing & Sales.

Many e-books sand websites launch the review websites through which people share their opinions on the product. A positive review of the product is always gets highlighted, and crowd tends to buy it. More traffic to your affiliated site, more growth to online business of Marketing & Sales. So concentrate on the ideas of generating traffic on your page. In the online business, there are many providers who lure the customer with tempting ideas, but actually they are not true. Choose a reliable provider who can enhance the sale of your product, giving you a good ranking. As the ranking goes high, chance of sale is increased.

Make sure that you have chosen an experienced online business provider that is worth of your money. A wise decision not only helps in accessing positive rating, it also provides you additional benefits. The way of communication can never be overlooked, as it can trap your customer and he might become impressed and like to visit again and again.

Cash Flow!

           Cash flow is the word which denotes the input and output of money in any financial project or business. The care and control of cash flow is the most essential part for a successful business. Someone had said that the management of wealth is as necessary as the creation of it.

Cash flow of a business clarifies the percentage of profit or the actual value of finance at present. A financial project might be containing the three types of cash flow: the operational, financing and investment. In the operational stream, the coming or received money is used in the internal business activities. For a prosperous and stable business, the operational cash flow should always come in positive.

Observation of cash flow, whether it is in a business or a domestic finance is must for stabilizing a financially secure position. First of all, before starting or even thinking to start, it is compulsory to know the current finance situation. If you are going to initiate your own small business, first you should make a budget, so you can distribute your money accordingly. Before taking a loan, the present account and the future possibilities of money income should be cleared. Through taking these precautions, you can never be empty. On relying on the future profits, taking a hefty loan is a big no-no; it can push you in depth of financial crisis. Money flows like water, so always take safety measures. For long term financial planning’s one can hire an accountant or discuss it with an experienced business person. Positive cash flow can be further invested in properties, assets etc. In that way, you can at least protect yourself from being penniless anytime. These invested assets are like back supporters, so use your positive earnings thoughtfully.

If there seems any problem and you think that you are getting emptied, then have a look at your expenses and try to control them. This is the primary key to monitor your cash flow.

Must read Robert Kiyosaki’s “Rich Dad Poor Dad”series. 

Robert Kiyosaki: Becoming an Entrepreneur

            To do something of your own is a truly sensational feeling. Suppose you are free of rude bosses, and you have not to answer anybody, but you will take people under. Yes, this is most happening idea of the current time: Becoming an Entrepreneur. You can start something new, and it is not necessary to look for big, you can initiate from a small level. 

It depends on you how much you are anxious and hard working. In how much time you want to touch the top point?

If, you have the stamina to withstand risk factors then becoming an Entrepreneur is one of the most advantageous facts. Generally people are scared of taking risks, and many of them don't have enough resources to start with. Famous entrepreneur Robert Kiyosaki quoted- “Your future is created by what you do today, not tomorrow.” A powerful and unique concept is sufficient to make it large. Find your ambition today. As soon as you’ll begin, you will get the results. Of course, there are some risks in becoming an Entrepreneur, but in an early age, you have more stamina and lesser responsibilities. Once you get trapped in traditional nine to five hectic jobs etc, and get loaded with EMIs, the choice gets weaker.

According to the Robert Kiyosaki that doing something different is better rather than being a runner in rat races. Build your purpose and mission. Lot of motivational thoughts you can experience in the way of Robert Kiyosaki, a revolutionary businessman. He encourages populace to achieve independent financial stability. He has written a lot on the idea of becoming an entrepreneur, in which his cash flow quadrants concept has been remarkably inspirational and motivational.

Employee, small business owner, investor and business owner, are the main four types around which the cash flow quadrant moves. Robert Kiyosaki says that in financial stability four categories lie, and they are indirectly or directly linked together, but the main difference is of thinking. The biggest benefit of becoming an entrepreneur is the income and secondly the time freedom.

If you are ready and going to do poles apart, must read motivational quotes from Robert Kiyosaki, they will help to keep it on even in critical situations.

Referral marketing - Emergence of a new way of doing business

        Often relations work better than your unique business idea. Yes, I am talking about Referral marketing. It’s a very primitive thing which came into the limelight through a new concept. Generally it is called Words-of-Mouth. According to some rich entrepreneur that for a successful business, having a secure network is essential, this might be helpful in generating revenue for your business.

Actually, what is Referral marketing? It is the ideal practiced marketing system or tool which can be integrated in to your business to draw your bosom and genuine prospects. Everything in referral marketing is based on the trust, others trust on you and your company and your care for them. Referral marketing is the easiest and cheapest thing in the business, which protects you from cold-calling etc, and provides a good some revenue without spending too much time and money. Without using referral network you are gaining nothing, and it is impossible to produce remarkable profits.

Now the question arise that how to engender theses prospects for referrals. The best way to make new referral partners is to plan a coffee appointment or call him for lunch or dinner. Through this way, you can know that person, his choice, preferences, thinking etc, which might be used later. Regular contacts through messaging and mailing can win his trust. Manners and etiquette of the language does matter while asking someone to join you. Always ask with a warm and positive attitude but after a relationship of at least a month. Often your first referral becomes more productive and able to provide new sources, so you should keep an eye on the web and all the possibilities of networking. Some points should be kept in mind for choosing referral partners that you both must have a strong bonding. He must be intellectual enough to get your point and ideas easily. Your referral should have a sterling reputation in the society that he can motivate others too.

Referral marketing for professional is possible in two ways, online and offline. In Online referral marketing, your customers come on their faith on you, what you have delivered them previously matters in the future. Through websites ad and words-of-mouth, you can collect an immense crowd. In the case of offline referral marketing, to boost the customer and client base a third party endorsement is needed, which might be a person of society or someone loyal to you.

The benefits of referral Marketing Systems are countless. Customers generated through referral marketing are more lucrative and devoted source of business. They tend to buy and refer more products. And, obviously you are saved from spending hefty money on commercials, presentation etc.

But, being consistent and committed is the key of any successful business, so always stay behind the clients for updates, response and support.

E-commerce!

             This era of technology and net, an era of hectic life schedules too, brought a new concept of business. This option not only provides a business start with a contemptible expenditure, also gives shopaholics a choice to fulfill their shopping desires from home.

Here comes an opportunity of E-commerce, a rapidly increasing concept, crawling through internet. A fast and convenient way of trading your goods, maintaining professional network and providing services globally or internationally, E-commerce has boomed on the globe.

Today many E-commerce based companies have conquered the souk, which used to be starter companies in earlier periods. The main perception that drives it up is the low maintenance and possibility of superior inventory management. Now companies are investing big amount in this market and initiated the marketing of big things like machinery and automobiles etc. Financial Transaction Services and travel industry is also following this track.

Let’s see what the future of this tech-based market is, according to the market analysts it is a good opportunity for investment and there’s a lot to come.