Debt Recovery Story: How I got out of debt

When my wife and I were newlywed back in 2001, we had zero savings and facing a debt of 170,000.
Both of us are working in one of the busiest capitals in the world – Sydney.
We have to pay for two cars, a house, and a start-up business.
It’s overwhelming, but both of us are determined to get out of this situation.
Now it’s 2019; we had many other cars that replaced those from our beginning, and our house is one of the prettiest in the neighbourhood.

Let me share you the steps we followed to get out of debt.

Plan your strategy to pay

From the day we committed into paying the debt, we consider it like an emergency.
We prioritise what to pay.
Food should be from the market and cooked in our house in batches (trust me its better for the health). We simply pack it for lunch to our business place or wherever we are even in hotels or meetings.
Dining out should be minimised as much as possible.

We only have one active credit card. I think it was from HSBC. Credit cards are a huge temptation for us. Stay far away from it as possible.

I remembered our dates; they were almost always only on big movies like Harry Potter, Lord of the Rings, Moulin Rouge, and Lantana. Not that we’re complaining, but we both set a goal. Luckily, my husband and I are die hard video game players, that are the best date nights for us (hurray for nerds).

You get what we mean; we lived as frugal as possible. All our additional income will go directly to paying our debt. And I’m glad we made it through and paid the debt around seven years.

Earn more money

This can be confusing for some of you and might even say, having no money got me in this debt in the first place. But listen, what I’m saying is think of simple things to add income.
If you have a 9-5 day job, you can add a 2 to 3-hour tutoring. If you’re not into lessons then maybe a part-time cashier, cleaner or waitress. Give extra effort on anything that can add to your income.

This generation is very blessed, a good place to earn additional income is through different platforms like YouTube, Instagram or Facebook.

Why not start your blog or vlog, buy and sell stuff online or if you have talent in writing, be a content writer and get paid?

If you love your current job and is very good at it, try and talk to your boss for a raise. Start to write down your achievements, things that you contributed to the company that makes sense. You don’t need to tell your debt, instead inform them why you deserve a raise and that you love working in the company. Just remember, be patient and polite.

Earning more money is the secret weapon for paying down your debt as fast as possible.

 

That is it, folks. I hope this can help you in getting the initiative to pay your debt. If you need help on the legal part of your debt, give time to sit and discuss it with professional debt collectors. Good luck!

Think Business Growth through Internet marketing

Why choose online marketing for your business?

The present world is information world.  Information travels faster than the light, and it will always shine. Therefore, it is best to start your business online. Many have earned millions through internet marketing.

Points to consider

  1. Competition is very high
  2. Your business coverage will be low without online marketing
  3. more customers
  4. Improved pricing
  5. More income
  6. Can save few direct taxes
  7. Popularity of brand increases if quality is good
  8. No hassle of setting up of shops in different cities
  9. Taxing will be easy
  10. because of banking system handling money will be easy

How to set up your business

Make sure that you have a very good website and list all the products properly. Contact a web developer so that he can design a better website and services for the customer as well as options for you. Set up process and key points to consider

  1. Very good website. Dot Com (.com) will definitely help you
  2. Beautiful looking website
  3. Categories for different products
  4. Listing of products should be proper
  5. Complete information, detailed specifications and high-resolution images to enhance look of the project
  6. Different payment options
  7. One standard shipping method which covers remote places
  8. Search engine optimisation and traffic routing
  9. Compatibility of website on all platforms
  10. Bandwidth and technical support

 

How to go online and spread the word

It is important to go online by doing all the necessary adjustments else; your business will crumble down. Some of the points to when you go online

  1. Social media and newspaper campaign to spread the word before going online
  2. Launch Coupons and offers
  3. Games to win products at free of cost or low cost
  4. Combo deals and cash back
  5. Welcome animation with your logo and websites name
  6. Listing objectives and plans

When you are online

After going online, you need to add new things to your internet marketing. New services, new products, and consumer satisfaction programs, etc. Some of the things and services to add for internet marketing

  1. Invite and earn program
  2. Affiliation program
  3. Click and pay per order program
  4. Lightning and flash deals
  5. Official accounts on social media sites like Facebook, Twitter and Instagram
  6. Customer care service depending on your business level
  7. Official headquarters even though you have just one shop
  8. Make a deal with banks to get card offers
  9. After sales service
  10. Return and replacement policy
  11. Android and IOS application
  12. Extension on for browsers
  13. Auto price optimiser
  14. Shipping methods

Luring more customers

Add new products from local manufacturers once your business is up and going. It will lure more customers. It will give you extra money, and you can arrange for better shipping and services. More product you list, more people you lure. This leads to more traffic. More traffic means more business.

 

Things to consider after success

The customer should never be cheated. Provide proper return and replacement policy along with shipping protections. A better and multi-form communication system will help customers. Quick resolutions to the problem, New offers, new schemes, festive offers, seasonal offers, know your customer services and anniversary bonanza will help in Business Growth through Internet marketing.