Rhemaranch Blog

If your questions is similar to “what does checking my credit have to do with marketing?” Then keep reading. Marketing as you all know is how you spend your money to make more money. Lets say you spend $100 on advertising for your product on television. What do you expect from that marketing plot? You expect to make $200 to even $1,000 in profit from selling that product. This is marketing. And if you are an individual, you have a credt score added to your name if you live in the United States. It goes up and down depending on how much money you spend and how you pay it back.

Now back to that advertising plot. You want to gain more than 100% in profit from advertising. And you want to spend $100 on that and when you spend that money with a credit card, your score will be affected. It won’t be affected by too much since you are just buying. Your next credit card bill comes at you for $10 for a monthly pay of paying it back. You pay it back and expect your credit score to go up, correct? Wrong! Your credit score will go down if that $100 came from a credit card that has a limit of $200 or less. Even if you pay all $100 back in one payment with that profit from marketing, your credit score will still go down.

I mentioned checking your credit score is a good thing because you can keep track of how much you can spend and where you can buy the products from. Remember that higher your credit score is, the more trusted you look to potential buyers and sellers and if you are an individual, you can use that as an advantage to getting customers as well as profiting from spending some extra money.

Filed under: Marketing