11 Critical Google Ranking Factors That Will Drive More Traffic

The number one search result on Google receives more than 39 percent of all clicks. This means if someone searches for your targeted keyword phrase, four out of ten people will click the first result and ignore everything else.

Imagine what an impact it would have on your business if you could rank first for a few of your desired phrases.

The goal of this guide is to help you understand the most important Google ranking factors so you can implement them on your website and get more traffic.

What Are Google Ranking Factors?

Google ranking factors are the elements of your website that the Google search algorithm takes into consideration when deciding what webpages to show in the search results for a given search query.

When someone searches for a phrase relevant to your business or service, you want them to find you and not your competition, right?

To truly understand how to get your website ranked in Google search results, you need to understand Google ranking SEO. There are hundreds of ranking factors, some of which can have a significant impact, while others matter less.

In this guide, we’ll cover the factors that matter most, so you know which SEO strategies to spend the most time and money on.

Why It’s Important to Know the Google Ranking SEO Factors

While the ROI on SEO can be a bit fuzzy, a study by Intergrowth gives it a little more clarity.

The first five organic results amount to 67.60 percent of all clicks. After that, the percentage of clicks drops to 3.73.

Let’s say you rank number one for a keyword with 1,000 searches per month at a 30 percent click-through rate. That would drive 300 new visitors to your site each month. If you convert only one percent of those visitors, it would still mean three new customers every month for a year.

Simply ranking number one on Google for a single keyword can bring 36 new customers per year to your business.

Implementing some of the steps in this guide to rank for a handful of keywords can have a significant impact.

Top 11 Google Ranking SEO Factors

Let’s take a look at some of the most important Google ranking factors so you can learn how to increase your SEO ranking on Google.

1. Mobile-First Optimization

In the fourth quarter of 2021, mobile traffic accounted for 54.4 percent of global traffic. The majority of people surfing the web on their smartphone expect your site to work perfectly on their device, and if it doesn’t, they’ll likely bounce from your site.

This is why mobile friendliness is one of the most important Google ranking factors. If your site doesn’t function properly on mobile, Google is knocking you down a peg.

If you don’t believe me, you can read about it directly from Google. As of summer 2019, they began mobile-first indexing, which means your functionality on mobile is what determines your ranking. Desktop performance is second in importance.

To rank in the Google search results, you need to make sure your site functions the same on phones, tablets, and computers. Make sure the theme or template you select is mobile responsive. Next, ensure all your images are displayed clearly, check whether any words fall off the screen, and limit giant walls of text, which might look fine on desktop but on mobile can cover the entire screen.

Make sure the site loads properly by reducing the number of changing video URLs and limiting the amount of “lazy-load” content on your site.

2. Core Web Vitals

Top Google Ranking SEO Factors - Introducing Core Web Vitals

Google introduced Core Web Vitals as yet another important ranking factor in May 2020. These refer to the overall health of your website in terms of the experience it provides for users.

The vitals are broken down into three categories:

  • LCP (Largest Contentful Paint)
  • FID (First Input Delay)
  • CLS (Cumulative Layout Shift)

A 2021 study revealed only four percent of websites scored well in all three Core Web Vitals categories.

Let’s break each of these down so you can understand how they impact your rankings.

Largest Contentful Paint: Google expects your site to completely load its first page within 2.5 seconds. This reduces the number of people who will click away, and it impacts Google ranking SEO.

You can improve your overall page loading speed by reducing the number of complex elements on your site, shortening pages, limiting redirects, and fixing any broken external or video links.

First Input Delay: Google expects your site to react quickly to users when they interact with something. You have 100 milliseconds or less for a button or window on your website to respond to a user when they click it.

The best way to improve FID is to use Page Speed Insights. To give you an example, I ran a test on neilpatel.com.

Top Google Ranking SEO Factors - Testing Core Web Vitals

Cumulative Layout Shift: Google expects your site to load predictably and not change once it’s loaded. Have you ever clicked a link on a site as it’s loading, and then it jumps halfway down the page taking you to a different link? This factor plays into overall page experience, which is important for Google ranking SEO.

example of poor google ranking factors

This occurs when items on the page load at different speeds resulting in layout changes. The best way to prevent this is by ensuring all images are the same size, new content isn’t inserted above old content, and animations load at the same speed.

3. Value-Packed Content

According to SEMRush, 55 percent of brands experienced better results due to the improvements they made to their content.

There is no room on the internet for poor-quality content. I consider this one of the single most important Google ranking factors simply because it doesn’t require anything tricky or fancy. Write great, thorough, and value-rich content, and Google will work in your favor.

What do I mean by value-rich?

I mean write content people want to read, content that helps, and content that provides more than the competition. A great place to start is researching questions your customers have and creating content that provides the answers. To find common questions, use keyword research tools like Ubersuggest, question forums like Quora, and monitor chatter among your target audience on social media.

If you can create high-quality content that also incorporates the more technical elements we discuss in this guide, you have a great chance of improving your SEO and eventually, your bottom line.

4. Domain Age and Authority

Unfortunately, domain age is one of those Google ranking SEO factors you can’t necessarily control unless you’re purchasing seasoned domains.

Domain age refers to the amount of time your domain has been registered, and authority is essentially your reputation with Google.

Even though the “King of Search” John Mueller himself said domain age does nothing, I still have to believe it plays a role in your overall site authority.

john mueller on twitter talking about google ranking factors

If you want to improve your authority you need to focus on something called E-A-T, which stands for expertise, authoritativeness, and trustworthiness.

A few ways to improve your E-A-T score are involving subject matter experts and giving them bylines in your blog posts, including interviews and reviews by industry experts, leveraging social proof across your website, and increasing your website’s security.

Keep in mind that E-A-T isn’t a direct ranking factor, but it does impact SEO indirectly. In fact, after Google’s 2018 medic update, monthly traffic to YMYL sites with a lack of E-A-T dropped from 2 million to around 4,000 by 2020.

5. Links

More than 90 percent of web pages receive no traffic, often because they don’t have any backlinks.

And yes, links are still important for Google ranking SEO. Inbound links, outbound links, and internal links are all important ranking factors because they increase the overall authority of your site and help your site prove itself as a valuable resource.

Inbound or “backlinks” are links that come from someone else’s site to your content. These increase authority by showing Google your content is so great that someone wants to link to it.

Outbound links show authority by providing additional relevant resources to visitors to your site. For example, you should be including outbound links to help readers learn more about something or back up any facts and stats you include in your content.

Internal links are links within your own website that tie ideas together. Having a web of internal links is crucial to Google ranking SEO because it shows Google you are a complete A to Z resource on a subject.

6. On-Page Experience

Bounce rate is one Google ranking factor that can significantly impact where Google ranks you in search results. One study found the average bounce rate is around 49 percent. Most believe a 50 to 60 percent bounce rate is acceptable. If your bounce rate drops much below that, it signals to Google that your page probably doesn’t give users what they’re looking for, meaning your page is less likely to appear in search results.

Click-through rate and dwell time are other important on-page experience Google ranking factors. They tell Google whether someone likes what they see when they click to your site from the search results for their search query.

You can improve your on-page experience metrics by ensuring your content aligns with your target keywords, metadata, and title tag. This ensures that when someone clicks through to your site, they get what they’re looking for.

7. Technical SEO

Technical SEO is still an important Google ranking factor. Technical SEO includes things such as:

  • keywords in page titles and title tags
  • keyword-optimized header tags
  • properly optimized meta description at 110 to 150 characters
  • keyword-rich alt text and tags
  • proper schema markup

A study on technical SEO found the following:

  • every fourth website has link errors
  • 13 percent of websites have errors in their sitemaps
  • 63 percent of websites “abandon” meta descriptions
  • more than 20 percent of websites have a low site speed

Thankfully, technical SEO could be one of the easiest things to adjust on your website. Make sure you’re using relevant keywords in all headers and metadata. The key to doing this is having a quality keyword research tool that provides you with complex competitor data and keyword gaps. You can also run an SEO audit, and this guide explains how.

As for header tags, you want to ensure you’re using keywords in the headers of your articles whenever possible. When Google crawls your site, headers are a big indicator of what your article is about, and they’re important for overall Google ranking SEO.

Your meta description and title tag are what display in the SERPs when someone searches for a relevant keyword. You want to use keywords in both the meta and title tag—but make sure it’s natural and not forced.

8. Social Signals

Top Google Ranking SEO Factors - Social Signals

While this study may be a bit dated, it still provides context to the importance of social media in SEO.

The graph and study performed by cognitiveSEO show how the number of social shares impact the overall ranking of a web page. As the shares go down, the ranking goes down. Of course, this factor alone won’t make a tremendous impact on your ranking, but in the heat of competition, this can set you apart.

Keep in mind that a social presence is also a significant trust factor. If visitors can find you on social media and see that you’re active and present, they may feel more inclined to purchase from you.

9. Content Relevancy and Authority

This Google ranking factor can be separated into three main categories:

  • search intent
  • content hubs
  • topical relevance

These are three incredibly important factors going forward in Google ranking SEO. Google is paying much closer attention to the actual content that people are producing and putting a lot of weight on whether a website actually provides solutions to people or if they’re writing entirely for the search engine.

Surfer did an incredible case study and found that out of 37,000 keywords, about 12 percent of them changed intent, with many shopping-related keywords turning informational. This means that people who were once searching for something to buy are now searching for information to help them make a purchasing choice.

Think of content hubs as a destination where someone can come and find everything they need to know about a subject. If your site provides an exhaustive look into something, Google sees you as an authority. By creating these hubs on your website, you’re showing Google you can provide everything from A to Z.

10. Real Business Information

This Google ranking factor is one I would consider somewhat new but falls into the category of trust signals. As more and more people turn to the internet for nearly everything, you need to translate the in-store experience to your website.

What does this mean? It means people are expecting to be able to pick up the phone and call you, they want to see where you’re based, and they expect you to be there to answer their questions in real-time.

Getting a Google Voice number, creating an “About Us” page with real pictures, and even adding an address to your website can help increase authority and show Google you’re a real business.

11. Content Length

It’s been debated and tested time and time again, but it’s always proven that longer content performs better.

Top Google Ranking SEO Factors - Content Length

Longer content yields more social shares and more unique pageviews. Longer pieces of content also tend to hold their position longer.

Now, that doesn’t mean go and throw up a 15,000-word salad and expect it to rank. You still need to provide a ton of value, resources, and incredible information with those words. However, if you can put together a more comprehensive article that is longer than the competition, you have a better chance of ranking.

Possible Future Google Ranking Factors

Where do we see Google ranking SEO going in the future? Based on experience and research, I see five main factors as most important in the coming years (Google also tells us these factors are important):

  1. high-quality and highly relevant content
  2. honest and relevant keyword research and placement
  3. flawless user experience and site functionality
  4. mobile and voice optimization
  5. strong backlink profile

What do these five things tell us about what Google is looking for? Google wants you to provide users with a good experience when they land on your site.

This study performed by Content Science makes the importance of content relevancy clear as day. To sum it up, they state that while it’s great to have a lot of traffic on your site, and it looks good to Google, to actually generate goal completions, content relevance is key.

User experience and site functionality go hand-in-hand with content relevancy. No matter how great the content is on your site, you need to have a site that performs well and checks a lot of the technical boxes Google expects.

If you take a look at its mission statement page, it’s spelled out.

Our company mission is to organize the world’s information and make it universally accessible and useful. That’s why Search makes it easy to discover a broad range of information from a wide variety of sources.

Google Ranking Factors Frequently Asked Questions

What is the most important Google ranking factor? 

I will always think that the key to Google ranking SEO is high-quality and valuable content.

Does Google release a list of its ranking factors? 

While it’s not necessarily a list, it’s a solid explanation of what factors are most important. You can see the focus is primarily on user experience.

How do I improve my Google search ranking? 

Improve your ranking by implementing all of the Google ranking factors in this guide.

How many Google ranking factors are there? 

There are likely hundreds if not thousands of factors ranging from small to large. Google has a rigorous process to determine what factors are most important.

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Conclusion: Google Ranking Factors

While there aren’t any foolproof ways to rank your content, adding these Google ranking factors can certainly increase your chances of ranking for your chosen keywords. Of course, hiring a qualified agency is another great way to rank higher.

If you’re going at it alone, you don’t have to do everything at once. Start with the most important factors and work your way down. It may take a while, but Google is a merciful and honest leader who rewards those who put in the work.

What factors do you think are most important for Google ranking SEO in the coming 5 to 10 years?

Top Options for $20k Loans If Your Company Has Been In Business for 3 Years or More

When we talk about building business credit and fundability, we do so with an end in mind. If you start working the process from the beginning, by the time you have been in business for 3 years or more you will have access to all the business funding you’ll need. That includes $20k loans or even higher.

Options for $20k Loans

If you follow the steps in order and handle credit responsibly, by the time you have reached this point you will be eligible for the best rates and terms available.

What are these options available to companies that have been in business for 3 years or more?

Term Loans

Banks are often the first place we think of when we consider financing. Yet, big banks only sign off on about 25% of the small business loan applications that come their way. Term loans often have lower interest rates than many other funding options. They also tend to be for higher loan amounts.

Generally speaking, the companies banks end up funding have:

  • Very strong financials and
  • Near-perfect credit scores
  • Owners with good personal credit
  • Collateral

You are more likely to meet these qualifications if you have at least 3 years in business and have been working on fundability and building business credit during that time.

Bridge Loans

A bridge loan is a short-term loan that a business or individual can use until they secure more permanent financing or remove an existing obligation. It allows the user to meet current obligations by providing immediate cash flow. Bridge loans are short term, up to one year. They have relatively high interest rates. Collateral such as equipment or inventory is common as well.

SBA Loans

Three years or more time in business will help make SBA loans a real possibility. It’ll be easier to get an SBA loan the longer you’re in business. This is because you can more easily show your business is established and making money consistently.

If you can show profitability and responsible credit and bank account management, your chances of getting an approval for an SBA loan will improve drastically.

SBA loans have great terms, so it’s worth it to work toward building eligibility.

SBA 504

The SBA 504 loan program is an economic development loan program that offers small businesses an avenue for business financing, while promoting business growth, and job creation.

This program provides approved small businesses with long-term, fixed-rate financing used to acquire fixed assets for expansion or modernization. Use it to buy currently existing buildings, construct new buildings, and more.

For corporations, anyone with a 20% ownership stake (or more) must fill out the application. This includes swearing they are not under indictment for any criminal offense. In general, the SBA provides 40% of the total project costs,  a participating lender covers up to 50% of the total project costs and the borrower contributes 10% of the project costs.

Under certain circumstances, a borrower may have to contribute up to 20% of the total project costs.

SBA 7(a)

This is the SBA’s most popular loan. The SBA guarantees 85% for loans up to $150,000 and 75% for loans greater than $150,000. The SBA makes the lending decision, but qualified lenders may be given authority to make credit decisions without SBA review.

Businesses must provide Articles of Organization, business licenses, documentation of lawsuits, judgments, bankruptcy, or other pertinent documentation. Also, lenders do not have to take collateral for loans up to $25,000.

For loans in excess of $350,000, the SBA requires that the lender collateralize the loan to the maximum extent possible up to the loan amount.

Online Lending

Online lending works well for those with less time in business, or in situations where traditional lenders will not work. Still, they will offer better terms and rates to those companies in business longer and with strong fundability. That means, it is best to not discount them even after you reach this point.

Some of our favorite online lenders are listed here.

After 3 Years in Business, $20k Loans May Not Be An Issue

If you are here looking for options for $20k loans for your business, and you have been in business for 3 years or more, you are probably going to be okay.  This is especially true if you have been working to build strong fundability and business credit as part of that.

If you are struggling to find $20k loans, start now building fundability, including strong business credit, and you’ll get there in no time.

The post Top Options for $20k Loans If Your Company Has Been In Business for 3 Years or More appeared first on Credit Suite.

How to Get Business Funding for Your Side Hustle and Make More Money!

Millions of people work a side hustle these days. There are tons of options. Companies like Uber, Lyft, DoorDash, Instacart and more have blown the market wide open and helped create a gig economy of temp workers. However, many still choose to work on their own to make money on the side.

The Hustle and Bustle of a Side Hustle

People choose to make money on the side in all kinds of ways. Some examples include:

  • House cleaning
  • Washing and detailing automobiles
  • Making jewelry
  • T-shirt making
  • Baking
  • And more

The thing is, running a hustle on the side isn’t free. Even though often the overhead is relatively low, there are going to be costs. Selling online requires fees. Shipping costs are an issue if you sell a physical product. Even services oriented hustles like cleaning will require supplies.

How Do You Fund a Side Hustle?

There are a number of options when it comes to funding for this type of work.

Check out how our reliable process will help your business get the best business credit cards.

Bootstrapping

In the beginning, bootstrapping is the obvious choice. Basically, this is when you do it yourself. By definition, a side hustle is something you do in addition to your regular job. So, it can make sense to invest an initial amount to get started from funds already available to you. Then, continue to use most of your proceeds to purchase more of what you need for the hustle. Hopefully, eventually you break even and then produce a profit.

If you want to expand with newer or better equipment, say a new embroidery machine, baking molds, or a new vinyl cutting machine, consider asking friends and family.  They can make great birthday or holiday gifts. You could also ask them to borrow the money,  or even sell them equity so they become angel investors if it grows into more than just something you do on the side.

Personal Credit

If you have good personal credit, you may be able to find good terms on a credit card to fund what you need short-term. Still, financing a business with personal credit means using a high percentage of your credit limits. This is called high credit utilization, and it can lower your personal credit scores.

What if You Decide to Turn Your Side Hustle Into More?

If you decide your hustle is strong enough to take on a life of its own, consider setting it up as a separate business. Even if you keep your day job, doing this opens up many more funding opportunities.

How to Set Up Your Side Hustle to Be Eligible for Business Accounts

Once you see your side hustle taking off, go ahead and name it. Your state may require for every business name to be unique, so check with the Secretary of State’s office. Get a business phone number and list it in the 411 directory. Then, get an EIN using the business name, phone number, and a physical business address where you can receive mail. You can do this for free at IRS.gov. Note: Do not use a P.O. Box or an UPS box as your business address. You can use a virtual address, but some lenders will not accept those.

You also need a separate, dedicated business bank account. Even if you aren’t bringing in a lot yet, this is still a good idea. You will need to report the income to the IRS, and this will help you keep track. Beyond that, if you want to apply for vendor accounts and other forms of business credit, this is often a requirement.

Also, if you want to be able to take credit card payments, you will need a merchant account. You cannot get a merchant account, without a business bank account.

These are just the first steps in setting up a side hustle to be eligible for business funding.

Check out how our reliable process will help your business get the best business credit cards.

Pay Attention to Details

As you do this, don’t neglect the details. Small inconsistencies can cause big problems. For example, if you use an ampersand in your business name when you get your EIN, be sure to use the ampersand and not the word “and” when you open your business bank account.

This type of seemingly small detail can cause big problems when you apply for business funding later on.

Funding With the Big Dogs

Taking these simple steps in the beginning will ensure you are ready to roll when the time comes to expand and grow your hustle. It takes funding to do that, and these steps will help you qualify for funding in the name of the business.

One of the easiest ways to start is to apply for business vendor credit. But first, use the business information you set up to apply for a D-U-N-S number from Dun & Bradstreet. You can apply and get one for free on their website.

Then, you can apply for credit from vendors in the name of your business. This will allow you to  buy items needed to fill orders before you get paid. Items like jewelry-making supplies or tools and materials for handyman work can be bought ahead of time using vendor credit. You won’t have to wait to take orders. It can also make it possible to pay for advertising materials, like ad designs and banners, or even print ads.

You can’t just start applying for business accounts with any vendor you want right away and expect approval, however.  If there are vendors that offer personal accounts and sell what you need, that is fine. However, it’s wise to work with some vendors that will extend net accounts in your business’s name, and report them to the business credit reporting agencies like Dun & Bradstreet, Experian, or Equifax.

Then you build business credit for your hustle.  Business credit opens up many more funding opportunities for the future.

Business Vendor Accounts

There are a few vendors that will do this even if your business credit score isn’t great, or is currently non-existent. They use other factors to determine creditworthiness. This includes whether your business is set up the way described above, as well as time in business, and more.

These are not revolving accounts. Rather, they are net accounts, meaning you will have to pay off the total balance at the end of the net term period. However, this can be a way to get the materials you need to run your business before your customer pays you. You can expand and grow your side hustle without depleting cash reserves, or even if you have no cash reserves.

Building Business Credit

The fun part about doing it this way, instead of just funding your business with your personal credit, is that you can build on those initial vendor credit accounts and eventually have even stronger business credit. All you need is 3 to 5 initial accounts reporting to be able to apply for more advanced accounts.

Check out how our reliable process will help your business get the best business credit cards.

Other Funding Options

After you are bringing in money regularly, and your income is somewhat predictable, you may also be able to finance your new business with purchase order financing or a merchant cash advance.

For both of these kinds of financing, you get slightly less than the full value of any outstanding invoices, but you get it a lot faster!

If you have a business account with PayPal or Square, you may qualify for a loan from them that does not take credit score into account.

Another great option when it comes to funding a side hustle as it grows is the Credit Line Hybrid.

Credit Line Hybrid

A credit line hybrid is a form of unsecured funding. Our credit line hybrid has an even better interest rate than a secured loan. You can get 0% business credit cards with stated income, and many of these report to business CRAs. That means you can build business credit at the same time. You get access to even more cash, and with no personal guarantee. You need a good credit score or a guarantor with good credit to get an approval. In this case, that is a FICO score of at least 680. There are no financials required.

The Sky’s The Limit

Your side hustle can be as large or as small as you want to make it. You can keep your day job, or you can grow it into a full time gig and be your own boss. Regardless, you’ll need funding to make it happen.

The post How to Get Business Funding for Your Side Hustle and Make More Money! appeared first on Credit Suite.

How to Get Business Funding for Your Side Hustle and Make More Money!

Millions of people work a side hustle these days. There are tons of options. Companies like Uber, Lyft, DoorDash, Instacart and more have blown the market wide open and helped create a gig economy of temp workers. However, many still choose to work on their own to make money on the side.

The Hustle and Bustle of a Side Hustle

People choose to make money on the side in all kinds of ways. Some examples include:

  • House cleaning
  • Washing and detailing automobiles
  • Making jewelry
  • T-shirt making
  • Baking
  • And more

The thing is, running a hustle on the side isn’t free. Even though often the overhead is relatively low, there are going to be costs. Selling online requires fees. Shipping costs are an issue if you sell a physical product. Even services oriented hustles like cleaning will require supplies.

How Do You Fund a Side Hustle?

There are a number of options when it comes to funding for this type of work.

Check out how our reliable process will help your business get the best business credit cards.

Bootstrapping

In the beginning, bootstrapping is the obvious choice. Basically, this is when you do it yourself. By definition, a side hustle is something you do in addition to your regular job. So, it can make sense to invest an initial amount to get started from funds already available to you. Then, continue to use most of your proceeds to purchase more of what you need for the hustle. Hopefully, eventually you break even and then produce a profit.

If you want to expand with newer or better equipment, say a new embroidery machine, baking molds, or a new vinyl cutting machine, consider asking friends and family.  They can make great birthday or holiday gifts. You could also ask them to borrow the money,  or even sell them equity so they become angel investors if it grows into more than just something you do on the side.

Personal Credit

If you have good personal credit, you may be able to find good terms on a credit card to fund what you need short-term. Still, financing a business with personal credit means using a high percentage of your credit limits. This is called high credit utilization, and it can lower your personal credit scores.

What if You Decide to Turn Your Side Hustle Into More?

If you decide your hustle is strong enough to take on a life of its own, consider setting it up as a separate business. Even if you keep your day job, doing this opens up many more funding opportunities.

How to Set Up Your Side Hustle to Be Eligible for Business Accounts

Once you see your side hustle taking off, go ahead and name it. Your state may require for every business name to be unique, so check with the Secretary of State’s office. Get a business phone number and list it in the 411 directory. Then, get an EIN using the business name, phone number, and a physical business address where you can receive mail. You can do this for free at IRS.gov. Note: Do not use a P.O. Box or an UPS box as your business address. You can use a virtual address, but some lenders will not accept those.

You also need a separate, dedicated business bank account. Even if you aren’t bringing in a lot yet, this is still a good idea. You will need to report the income to the IRS, and this will help you keep track. Beyond that, if you want to apply for vendor accounts and other forms of business credit, this is often a requirement.

Also, if you want to be able to take credit card payments, you will need a merchant account. You cannot get a merchant account, without a business bank account.

These are just the first steps in setting up a side hustle to be eligible for business funding.

Check out how our reliable process will help your business get the best business credit cards.

Pay Attention to Details

As you do this, don’t neglect the details. Small inconsistencies can cause big problems. For example, if you use an ampersand in your business name when you get your EIN, be sure to use the ampersand and not the word “and” when you open your business bank account.

This type of seemingly small detail can cause big problems when you apply for business funding later on.

Funding With the Big Dogs

Taking these simple steps in the beginning will ensure you are ready to roll when the time comes to expand and grow your hustle. It takes funding to do that, and these steps will help you qualify for funding in the name of the business.

One of the easiest ways to start is to apply for business vendor credit. But first, use the business information you set up to apply for a D-U-N-S number from Dun & Bradstreet. You can apply and get one for free on their website.

Then, you can apply for credit from vendors in the name of your business. This will allow you to  buy items needed to fill orders before you get paid. Items like jewelry-making supplies or tools and materials for handyman work can be bought ahead of time using vendor credit. You won’t have to wait to take orders. It can also make it possible to pay for advertising materials, like ad designs and banners, or even print ads.

You can’t just start applying for business accounts with any vendor you want right away and expect approval, however.  If there are vendors that offer personal accounts and sell what you need, that is fine. However, it’s wise to work with some vendors that will extend net accounts in your business’s name, and report them to the business credit reporting agencies like Dun & Bradstreet, Experian, or Equifax.

Then you build business credit for your hustle.  Business credit opens up many more funding opportunities for the future.

Business Vendor Accounts

There are a few vendors that will do this even if your business credit score isn’t great, or is currently non-existent. They use other factors to determine creditworthiness. This includes whether your business is set up the way described above, as well as time in business, and more.

These are not revolving accounts. Rather, they are net accounts, meaning you will have to pay off the total balance at the end of the net term period. However, this can be a way to get the materials you need to run your business before your customer pays you. You can expand and grow your side hustle without depleting cash reserves, or even if you have no cash reserves.

Building Business Credit

The fun part about doing it this way, instead of just funding your business with your personal credit, is that you can build on those initial vendor credit accounts and eventually have even stronger business credit. All you need is 3 to 5 initial accounts reporting to be able to apply for more advanced accounts.

Check out how our reliable process will help your business get the best business credit cards.

Other Funding Options

After you are bringing in money regularly, and your income is somewhat predictable, you may also be able to finance your new business with purchase order financing or a merchant cash advance.

For both of these kinds of financing, you get slightly less than the full value of any outstanding invoices, but you get it a lot faster!

If you have a business account with PayPal or Square, you may qualify for a loan from them that does not take credit score into account.

Another great option when it comes to funding a side hustle as it grows is the Credit Line Hybrid.

Credit Line Hybrid

A credit line hybrid is a form of unsecured funding. Our credit line hybrid has an even better interest rate than a secured loan. You can get 0% business credit cards with stated income, and many of these report to business CRAs. That means you can build business credit at the same time. You get access to even more cash, and with no personal guarantee. You need a good credit score or a guarantor with good credit to get an approval. In this case, that is a FICO score of at least 680. There are no financials required.

The Sky’s The Limit

Your side hustle can be as large or as small as you want to make it. You can keep your day job, or you can grow it into a full time gig and be your own boss. Regardless, you’ll need funding to make it happen.

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