Monthly Archives: November 2020

No high street banks are accepting fresh Bounce Back Loan applications

Originally written by Anna Jordan on Small Business
Despite the Bounce Back Loan scheme being extended until the end of January, no high street banks are open to BBL applications from new customers.
As of today (November 3), Starling Bank remains the only accredited lender out of 28 which is open to Bounce Back Loan applications from those who bank elsewhere.
A Starling Bank spokesman said: “There is currently a waitlist and we are prioritising established business and sole traders who use Starling as their primary account. Eligible customers will be sent an email inviting them to apply, but we can’t guarantee that everyone on the waitlist will receive a loan.”
>See also: Most banks not allowing small businesses to open bank accounts
All-Party Parliamentary Group on Fair Business Banking research has suggested that up to 250,000 small businesses “are effectively locked out of the market”, given they do not bank with accredited lenders.
Kevin Hollinrake, the Conservative MP and co-chair of the APPGFG, said: “We welcome the extension to Bounce Back Loans [BBLS] and the ability to top up, but it is critical that banks are open for new business including from new customers.
“Over the last few weeks the handful of lenders who were open

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Getting started and making money in affiliate marketing

Originally written by lauradodes on Small Business
What is affiliate marketing?
Affiliate marketing is where you can earn a commission for marketing someone else’s product. Revenue driven through the affiliate marketing channel has grown 10 per cent annually since 2015. More and more brands are recognising its value as a low-cost performance marketing strategy. But what exactly does it entail?
#1 – First, a brand needs to create an affiliate programme. This will typically be done through a network. Networks allow the brand to create trackable affiliate links and approve third-party websites (aka affiliates, publishers, partners, associates) to promote their company.
#2 – The approved affiliates use the link on their own platform and create content that encourages their audience to shop through their platform. When a customer clicks on their link to the brand and makes a purchase, the affiliate receives a commission.
Creating an affiliate site can be an easy way to earn some extra cash on the side, but it also has the potential to blossom into your full-time business.
>See also: How a social media platform can enhance affiliate marketing
I’m sold – how do I create an affiliate site?
Before beginning your journey as an affiliate marketer, you need to determine how your

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