Richard Bonner – A Super Affiliate In Progress! RSS

Overcoming Cash Flow Problems

  • Written by Richard 2 Comments
    Last Updated: January 27, 2009

    Following my recent growth in affiliate marketing I thought I’d put together a quick post to explain how I overcome my cash flow problems in order to get back on track and keep on growing. There are a number of methods you can overcome cash flow problems, you could even take out more than one option that will be mentioned below giving you more freedom when it comes to cash flow.

    Here’s a quick list of things you can/should do to overcome any problems, they are in no particular order and they may not all apply to you:

    Weekly wires – This is by far the biggest help and should be your initial aim with any network. Find out how much revenue you need to be making before you can get weekly wires, having to wait net 15 will restrict you a great deal unless you have a nice wad of cash to throw at this. If that’s the case then you won’t be having any cash flow problems anyway :) .

    Increase credit card limit – A quick easy way (providing a good credit history) of increasing the amount of cash you can spend is by increasing your credit card limit. Be aware that most banks will make you wait 6 months or something before you can increase it again so work out how much you need in order to solve your problem.

    Apply for more credit cards – Another easy method (not as quick) to increase the amount you can spend is to apply for more credit cards, it’s worth doing your research if you intend on using credit cards to fund your campaigns because if you pick up a nice reward card you can soon rack up those points and treat yourself along the way whether it be cash, gifts or air miles – it all helps.

    Increase overdraft – Depending on your bank it may be a good idea to increase your overdraft limit so that you can spend more on your campaigns until you get paid from the network. I wouldn’t really suggest this one as you may get charged for going into your overdraft which will eat away your profit and if anything goes wrong you may find it hard to get out of your overdraft.

    Reinvest your profit – This should be something you are doing anyway in the early stages because it’s unreal how quick you can grow. I remember writing about record breaking days of a couple of hundred last month and yesterday was actually a new record day breaking $1,700 in revenue :) . Try to avoid buying that new car or ps3 you’ve wanted until you have built a stable income with some funds ready to put into your business if needed – you won’t regret it.

    Switch to post pay on the PPC networks – If you have built a good account history with a PPC network you can often apply for credit with them. They will just invoice you when you spend $X with them, that should give you enough time to gather the funds, this combined with being on weekly wires should solve your problem if you are making a profit each week.

    Borrow money – If all else fails you can borrow the money off either a bank in the form of a loan or perhaps a family or friend.

    Just be careful if you decide to take out credit or switch to post pay, you don’t want to find out your campaigns are not stable and begin losing money leaving you with a debt to pay.

  1. Richard, I am now facing cash flow problem because of the initial investment for my offline business.

    I used the last method: borrowing from my relatives. It is not a good way because sometimes I feels stressful.

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  2. Hey Your Money Online,

    I can see where your coming from because it is stressful trying to get money to fund a business, personally to solve mine I used the first 2 methods I wrote about.

    I will be enquiring to increase my cc limit again next month as my spend has decided to double over the last few days.

    I’m also looking for some decent reward credit cards or something for UK citizens so I can take advantage of that – if anyone can recommend any feel free :)

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