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Anyone Using Credit to Scale Up??

Discussion in 'Adwords' started by KHMNTCPR8, Feb 27, 2013.

  1. KHMNTCPR8

    KHMNTCPR8 Regular Member

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    I have a 47% average ROI profitable campaign and I've scaled it up to spending $250 per day, but I cannot afford anymore than that. So basically I'm being limited with my available cash flow. I asked my AM about weekly payments but I'm still not qualifying for it yet (I'm good friends with her though and she bumped up my earnings) on this particular network.

    Anyone got some credit line/credit card recommendations? I was thinking about getting a Plum Card, but I would like to earn rewards points simultaneously, but thats not as important as having the cash flow to scale with.

    Does the Plum Card have a credit limit? From what it seems, there is NO limit which is perfect as I'm trying to scale up and expand over the next couple of months.
     
  2. burnett4congress

    burnett4congress Jr. VIP Jr. VIP Premium Member

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    How long is your pipeline? If you are growing 47% a month, just be patient and scale as your cash flow allows.
     
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  3. infoasian

    infoasian Supreme Member

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    Avoid taking up credit. Just wait a bit longer.
     
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  4. pixelgrinder

    pixelgrinder Jr. VIP Jr. VIP

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    I would suggest being patient. I was in a similar situation, started to scale up and risked a relatively substantial amount of money. The advertiser didn't pay and I was stuck with the loss. I luckily didn't charge anything to credit (I was considering it at the time).
     
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  5. AC924

    AC924 Newbie

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    dont do it on credit ......... it can bring you in deep problems.
    grow steady
     
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  6. GiorgioB

    GiorgioB Supreme Member

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    I would avoid credit too. If you have a LLC company registered, then you can apply for proper business loans from banks or investors.

    However, in your case, imagine your network bans your account tomorrow and this campaign is fucked.. what then? Its a little dangerous... at the end of the day its your gut feeling.. maybe you can scale up and hit the jackpot, but well.. seen from our (outside) point of view, I think we'll all advise against it if you can.
     
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  7. somebodysomewhere

    somebodysomewhere Junior Member

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    Going with the flow on this one, credit can be a great tool but IM is a lot like gambling in this sense. If you don't have the money to loose, don't bet it.
     
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  8. KHMNTCPR8

    KHMNTCPR8 Regular Member

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    Well, that definitely makes a lot of sense. I'm not really the type to take things on credit either. I got this idea because I heard this PPC mentoring program say that you can do PPC with credit lines and only focus on total profit (since you have a virtually unlimited budget). But they were talking about Google credit lines or something where they had a $1.5 million credit line.

    I agree with what you guys have said. Its way better to play it safe and avoid problems that can cost thousands and possibly years worth of time in set backs.


    Guess this thread is done, unless someone can make a case for using credit.
     
  9. Furious George

    Furious George Supreme Member Premium Member

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    Only use credit when there is no risk to you to lose it.

    Also consider the interest rate..
     
  10. johnny908

    johnny908 Newbie

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    "I have a 47% average ROI profitable campaign and I've scaled it up to spending $250 per day"
    Sometimes it cost money to make money. It seems like you have a good realationship and your campaign is stable. Do it for 1 month, and use that monthly profit to continue your campaign and then stop using credit and just use the profits to fund your campaign to continue?