Consolidate Debt and Avoid Bankruptcy
Sometimes a person may get in over their head and find that they have spent more money they their monthly income will allow them to pay back. This can put them in a scary place financially. Wanting to avoid having to sell their home or vehicle, or to go bankrupt the answer is often to consolidate debt. The most common way for this to be done is for the person, or the couple, to go to a service that will assist them to consolidate debt and find the best method to pay it off. These services will help to negotiate with the companies that are owed the money and to set up a program to pay the debt off. The client will no longer have to make individual payments to many different companies. They will instead make one payment to the service and these services will pay out the creditors. It is common for this monthly sum to be up to fifty percent less then when individual bills were being paid.
The key here is that the creditors want to be paid and so after a debt consolidation company contacts them with a payout plan they are usually willing to make concessions as long as in the long run they get paid. They are often able to lower the payment and lengthen the time available to pay the out the debt without any additional interest or penalties. Companies understand that if a person who owes them money has gone to the trouble to consolidate debt with a service it is because they are trying to pay off the monies they owe and so are likely to be more cooperative with the debtor. A sign of good faith goes a long way. They also realize that if they instead push the person into bankruptcy that they will get nothing and that defeats the purpose of trying to collect their money.
To have a service willing to help you there will be a few things that they will demand. Typically they include conditions like you must be employed; you must owe more than two thousand dollars and have been unable to make payments in over sixty days. The kind of debt you have incurred can be through over extending your credit cards, unsecured personal loans or medical bills.
Once arrangements are made the debtor will send one payment monthly to the service. This service to consolidate debt for the debtor makes the individual payments as agreed with the creditors. Once the debts are paid the service will get in writing statements from all creditors that the debtor has satisfactorily paid them off according to the agreed terms and nothing further is expected.
5 Biggest Niche Marketing Mistakes
The only thing you will want to understand better than the process of successful niche marketing is what precisely you should avoid as a niche marketer. In this article, I will summarize the five biggest things you should avoid when niche marketing.
1.Marketing to a broad audience. The purpose of niche marketing is to narrow down your potential buyers to a small, tightly-defined group of consumers, laser-target their preferences, and then contact them through the channels that define their interests. Many people, unfortunately, do not understand this; and they end up creating a niche marketing campaign that targets a large or generalist audience. They soon find out that there is simply too much competition and are forced to give up. They also find that their marketing campaigns yield pitiful responses, since they are untargeted and since the group in question is also untargeted. Don't make this mistake. Target your audience carefully.
2.Foregoing the beta testing phase. Most inexperienced niche marketers skip the beta testing phase. They don't like the idea of giving away their products for free, even if they will get something in return. Unfortunately for them, beta testing is a crucial part of a long term niche marketing strategy. In general, your customers, not you, will have the best ideas for what you can do within your given niche. Listen to them and you can only stand to benefit.
3.Failing to match the product benefits with the audience. Again, this is another serious problem: many niche marketers fail entirely in matching product benefits to audiences. On their sales pages, they write something that sounds mildly attractive, but it doesn't provide any concrete benefit for that specific audience. Again, if you're marketing to a niche audience, you have to pick your audience and then create a product for that audience. The last part is communicating to them that your product is in fact for them.
4.Underestimating the size of a given niche. Initially, you will want to narrow your focus in on your given target audience and their wants. Once you have done that, however, you will then want to penetrate further into your niche, marketing to customers who might not be as likely to purchase from you. The goal here is to make as many sales as possible; however, if you underestimate the size of your niche - and only market to those who seem most obvious - then you will never be able to maximize your profit in that given niche.
5.Monetizing a given niche site. In many cases, marketers will find a good niche and will capture a sizeable share of the traffic, but they wont ever be able to monetize it correctly. The end result is that they lose money or break even, when they could be earning money hand-over-fist. For this reason, it is always a good idea to look at a mix of monetization methods and what their revenue-generating potentials are.
Make sure that you understand each of these five tips well. Falling into any of these traps could be fatal to your niche marketing plans.