3 Reasons To Have a Business Credit Card

5 Reasons To Have a Business Credit CardIf you have a business, then you might want to look into getting a credit card for it.

As I always say, only do this if you are actually good at managing credit cards though. Getting a credit card for any reason is not worth it if it just leads to credit card debt.

A business credit card has so many positives, and I only recently realized this. I should have done this years ago as it has helped me earn money and it has made life a little easier as well.

Below are three reasons to have a business credit card. If you are currently only using a personal credit card, cash, bank account, etc., then you should continuer reading!

1. The rewards points can be great.

For business credit cards, the rewards are usually a little bit better than with personal credit cards. I recently signed up for a business credit card and received $875 for signing up and using it just like how I normally would. That’s a decent amount of money, and I was even able to buy a new laptop with that!

I’ve personally noticed that business credit cards have much higher sign up bonuses. There are many business credit cards like the one that I mentioned above that offer great sign up bonuses.

Another great positive is that you may be able to get two of a similar credit card and earn double the bonus. For example, I have a personal Southwest credit card and I also have a business Southwest card. This way I can earn the great sign up bonus twice.

2. Small businesses can get credit cards.

There’s a myth out there that you have to have a big business in order to qualify for business credit cards. The truth is that for many business credit cards, they are not strict with what kind of business uses their card. Usually they do not require an EIN, proof of your business, and so on.

So, even if you just have a small business where you occasionally sell items from your home, you may in fact be able to get approved for a business credit card as well.

3. It can help you keep expenses separated.

By having a credit card dedicated to your business expenses, it can help you keep your business and personal expenses separate. You can use your credit card for strictly business purposes and that way you know exactly what is business-related. This means less to go through when tax time comes rolling around!

Do you have a business credit card? Why or why not?

 

10 Tips for Generating Money by Selling Crafts Offline

Everywhere you go, you find information on how to do everything online; craft sales are no exception.  Don’t make the mistake of overlooking traditional sales methods, however. Offline side hustles are important as well. Not only can you make money; you’ll enjoy traveling, getting to know your customers, and meeting people who love arts and crafts as much as you do. So before you upload another batch of photos, consider having your next sales event offline. Here are some tips on how to make the most of it!

1. Sell Quality Goods

We know, you’re doing this already. But it never hurts to reiterate that the key to a successful business is selling well-made products that people want. Plus, while you may be able to disguise poorly-made goods on the internet, you can’t do it when your customers can handle and examine your wares up close. Before you go on the road, make sure your product quality is the best you can achieve.

2. Market Research

Your art is no longer a hobby; it’s a business. To make it succeed, you must incorporate business skills, of which market research is one. The goal of market research is to discover if there is a demand for your product, what people expect to pay for it, what features they need, and what performance expectations they have. Do not invest huge amounts of time and money in a project until you determine that there is, in fact, a market for your money making ideas, and if you can satisfy that demand. Ask friends, family, and co-workers–everyone you know–for their honest opinions of your crafts. Attend events to determine what items are selling and which are not. As you conduct your research, be prepared to alter your craft, as well your expectations. This flexibility will serve you well in the business world. [Read more…]

How to Start Your Own Candle Making Business

Starting your own business can be an exciting endeavor, but in order for it to be both successful and sustainable, you need to have a product that people want to buy. Why not make and sell your own candles? Candle making is a great way to turn your waxy works of art into profit–and since they are consumable items, you’ll most likely have repeat customers if they’re happy with your products. Featured here are some simple steps to help you get started with your own candle making business.

Research and Planning

The success of your business is largely determined by a solid plan. If you’ve never made candles before, you will need to learn about the candle making process, and decide which types of candles you would like to make. The best place to start is with a good candle making book. A helpful book will list the supplies required for candle making, as well as explain the actual process. A wealth of information can be found online as well–you can gather tips and advice from a variety of candle makers, and find out the pros and cons of making certain types of candles. [Read more…]

All the Basics You Need for Selling on Etsy in One Simple, Easy-to-Read Article

Etsy is everywhere. If you’re a a crafty entrepreneur or a vintage specialist, Etsy is the online marketplace for your wares. However, building a profitable business out of your crafty  money making ideas entails more than just listing your wares on a popular site. You need to know how to present yourself, your business, and your products in a way which attracts customers, and then, keeps them coming back. While an exhaustive guide to Etsy success could (and does) fill many, many webpages, here you’ll find all the basics you need to start selling on etsy in once simple, easy-to-read article.

Your Products

Give careful thought to the products you’ll be offering for sale; on Etsy, you’ll have a lot of competition. Bring something unique to the table. This may require visiting other Etsy pages in your category to discover how you can add an original twist to, say, organic diaper covers. Your creativity will help customers remember you the next time they’re looking for similar items and designs. And while many online entrepreneurial guides counsel you to find a niche, make sure that your money making ideas also have wide appeal. Guitar picks, for example, will attract more customers than cat sweaters. [Read more…]

How to Make Money Growing and Selling Herbs (and Herbal Products)

If you’re a creative person and you don’t mind getting your hands dirty, you may want to consider the idea of starting your own business growing and selling herbs and herbal products. If you weren’t born with a green thumb, don’t worry! Herbs are easy and inexpensive to grow yourself, and whether you choose to sell the plants themselves or make your own fun and innovative products from them, the marketing possibilities are truly endless. Here are some tips and ideas to get you started growing and selling herbs for profit.

Come Up With a Plan

Like any other business endeavor, the best place to start is with a well thought out plan. Since herbs are very cheap to grow, you can plant a lot of them.

If you are able to have an outdoor herb garden, you will need to pick a location in your yard where your plants will thrive and then prepare the area for planting. Keep in mind that outdoor plants are [Read more…]

All You Ever Wanted To Know About Making Money From Your Hobbies

Have you ever spent the weekend sewing, painting, crafting, gardening, restoring old furniture or any other hobby for that matter, and thought to yourself, “Now this is fun. I wish I could do it for a living?”

Who hasn’t? Only 20 years ago, that may have been a pipe dream. But with the advent of the Internet and its numerous e-commerce opportunities, thousands of people are finding that generating cash from your hobbies is one of the best part time money making ideas.

With a little bit of know-how, you can, too!

Initial Investment

The crafting world is so varied, it’s impossible to provide one solid start-up figure. Yours will depend upon your materials cost–less for the knitter, more for the metal smith, for example. Other than materials, your primary cost will be for your online venue. Fortunately, these vary widely in price (see more information about this in our article 10 Sites for Selling Your Creative Masterpieces).

Some charge nothing for registration, but take a small transaction fee on every sale. Others charge for registration. If you choose a company which provides an e-commerce platform, be prepared to pay a monthly fee. Typically, you’ll choose from service packages, ranging in cost from $25 to $200, depending on the options you want. Depending on materials costs, therefore, you can begin your business for as little as a one time investment of less than $100 to as much as $500 (or more) per month. Time is also a factor. Some people don’t spend much time, but others spend tons of time on their money making hobbies.

You might also need to set up your own website as well, as sometimes new customers will want to see what your business looks like. You can set up your own website by starting with hosting, such as through Bluehost.

How Much Can You Make With This Money Making Idea?

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10 Sites for Selling Your Creative Masterpieces

Some people just have the knack. While other still can’t cut a straight line decades after kindergarten and struggle with pattern instructions, they’re knitting layettes, weaving rugs, making adorable stuffed owls, one of a kind candles, or recreating the Sistine Chapel ceiling in their dining room. And every time they complete another fabulous project, their friends say “You should sell these!” They smile and nod, but have no idea where to begin. The thought of websites, advertising, pricing and taxes makes their feet go cold and the dream grows cold with them. Sounds familiar?

Selling your crafts, or art, online isn’t nearly as difficult as you imagine. Unfortunately, this is one of the money making ideas that is not as well documented in the blogosphere as we’d like, and we hope to change that! Here are ten sites to get you started. Just casually browse through them to see if they will work for you. Some of them are easy to use. Others have great communities supporting the users. And some offer help to those that love the crafts, but fear the process of creating a site to market their crafts. (PS: If you know of other sites that should be added to this list, please feel free to add it in the comments below, so other readers just like you can benefit from your advice.) OK, here we go.

#1 Etsy (http://www.etsy.com)

[Read more…]