Friday, October 21, 2005

Avoiding Common Work at Home Business Pitfalls

First, understand that how and where you advertise make a difference in how effective it will be for your business. One of the most common work at home business pitfalls is to assume that any advertising will work for your business. However, you need to target your advertising to bring in the right consumers. Define your market, and create advertising to target that market.
Another one of the common work at home business pitfalls is to believe if you start a business people will flock to it. Starting and maintaining a business takes a lot of work. You will need to advertise and network to build your work at home business. Making personal contact with potential clients will bring in significantly more business than advertising alone.
Customer service is key to building and maintaining your business. So you want to make sure you treat your clients well. However, another one of the most common work at home business pitfalls is believing that you need to hold onto every business relationship, no matter what. Make sure you weigh out some of your problematic clients with what they are costing you and your business. It is not all about the bottom line, either. If you have a client that is keeping you up at night, you may want to consider breaking off the relationship.
Of the common work at home business pitfalls, believing that if something works, it works for everyone or in every situation will cause your business to have slow to little growth. Yes, you may have done it that way since you started your work at home business, but the method may need to change for your growing business. It is always good to keep an open mind.
You can try, but as your business grows you won’t be able to do it all anymore. Starting your business from your home may have been a way to get away from the rat race, another of the common work at home business pitfalls is to try to do it all alone. If something is not your strength or you no longer have the time to complete common tasks, you need to see if it is within your budget to get someone to help you out.
Read the rest of the article here: Avoiding Common Work at Home Business Pitfalls.
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Copyright © Charles Fuchs is an established online marketer who specializes in helping people start their very own Home Based Business. He specializes in showing people the best way to Make Money at Home.
I grant permission to publish this article, electronically or in print, as long as the bylines are included, with a live link, and the article is not changed in any way.
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Avoiding Credit Card Secret Traps

Credit card secret traps are the hidden side of plastic that keeps you in debt that is difficult to pay off. The main objective of credit card companies is for you to carry the largest balance you can possibly repay.
Trying to avoid these credit card secret traps is tricky because credit card companies constantly raise your credit limit, and offer you perks to get you to charge even more.
Credit card companies can get very creative with fees and interest rates and that's where you can get into financial trouble. To avoid this from happening here are some common credit card secret traps to be aware of when you compare credit card company terms.
Two Cycle Billing
The two cycle balance method is where the interest on your average daily balance is computed using both your purchases from that billing cycle and charges from the month before.
Even if you paid off your entire balance from the month before, that figure is still used along with your current month purchases to calculate your average daily balance. This credit card secret trap can keep you in deep debt for decades.
Credit Card Grace Period
A credit card grace period is the number of days before the credit card company starts charging you interest on new purchases. Most cards have a grace period but beware of the cards that don't.
If you have a card with no grace period, you always pay interest on new purchases from the day you make the purchase, even if you pay your bill in full.
Cash Advances
You almost never get a grace period for cash advances, which means you begin paying interest on that advance right away. Also, the interest rates on cash advances are typically higher than the ordinary rate on card purchases. A cash advance is costly and one of the most common credit card secret traps.
Credit Card Late Fees
Credit card companies can impose hefty penalties on any balance that you pay late or balances that exceed your limit. But the penalties of credit card late fees don't end there.
If you violate even one of your credit cards terms, other credit card companies may also punish you with penalty rates even if you have never missed payments on them.
Interest Rate Changes
Credit card companies are allowed to change your interest rate anytime, provided they give you 15 days notice. So read what your credit card company mails you because some companies will sneak this by hoping you won't catch it.
The bottom line is read the small print in the credit card terms provided by the card issuer regarding the credit card company rules concerning the billing method, grace period as well as the interest rates and fees.
Also, think about how you will use the card, especially if you expect to carry a balance. Then, compare credit card company terms and try to choose the card that keeps you from falling into these credit card secret traps.
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