How to avoid taking huge loans while starting your online business

Credit cards can be a great thing for new independent online business owners who have just started their online adventure. They are convenient, easy to use and are very useful when it comes to taking those little steps that a newbie needs to start online.

Here are 5 basic and very important tools
1. Web hosting
2. Registration of the website name
3. Auto responder
4. Drive
5. Join an affiliate program

Once everything is set up and completed, the excitement begins to grow and they think about advertising and making money.

A few days pass. They reach their credit card and start spending money on all those tempting and juicy ads that promise them "sales that skyrocket", with no idea what they are spending on. They do not have an established plan. They never thought about setting a budget.

Once they maximize 1 credit card, they are tempted to try other marketing things, which leads them to the point of requesting more cards or using their other cards they own.

How do I know this? Well, my story began 2 years ago, when I started my online commercial adventure. I listened to everyone about how I should promote my current website and the affiliate programs I was in and still am. I went out and spent a lot of money without planning my effort.

Individual ads, pay per click, purchase of leads, membership in this and that. The list goes on .....

To summarize, I have maximized some credit cards because I was stupid enough to spend money on ads without planning my budget. My biggest mistake was that I didn't have an established plan. I made that mistake and I am very happy because now I can teach you not to make the same mistakes that break your heart.


Therefore, do not spend money that is not really yours. It is important to spend money that is yours and is within your budget.


You should plan a monthly budget so that you know what your plan is and not exceed it. Remember, if you don't draw a monthly game plan, you may feel tempted to spend on many things that can make you go into a huge and endless debt.

The problem with excessive spending on your card or credit cards is that once it is late, it can take a long time to catch up. Knowing that you spent a lot of money and borrowed more, this can be very scary, frustrating and can make you feel like quitting very fast.

But somehow, others do not because they find it difficult to ignore those juicy advertising words that allow them to think that it will give them an excellent effort or some result.

Now, I am not saying that a credit card is bad for you. You MUST know how to use it intelligently. If you use it the wrong way as I described earlier, it can mean the difference between success and failure.

So here are 4 simple steps that you can use at this time to go in the right direction with your online business and not incur BIG debts.

1. Here is an appointment I use daily. "If you don't plan, plan to fail." In other words, you should plan what you will do and what you plan to spend each month. If you don't have a plan, you can lose a lot of money.

2. Know when to say "NO". It is tempting and easy to obtain a credit card, enter your card number and click on the "Pay here" button. I know all about it. Set a monthly budget and keep it. Period.

3. If your advertising action plan does not give you the results you expected, review or change that plan, but comply with your budget.

4. And finally, give your business time to grow and never give up no matter what.