Welcome to the next installment of the Monday small business series!
Here’s team member Meghan to share why those of you in one of the ever-so-popular network marketing skincare companies shouldn’t miss an opportunity to make the most of your business expenses.
Meghan: According to my social media feed (and yours too, I’d bet!), network marketing gigs are all the rage right now. Especially for folks interested in cosmetics and skincare! I have TONS of connections that sell products from lines like Rodan + Fields, Beautycounter, Arbonne, Mary Kay, etc.
If you’re involved in this type of side hustle, you can make use of certain reward credit cards to get Big Travel with Small Money…on top of the extra income you’re earning!
I’ll share why folks with these types of small businesses should consider getting into the miles & points hobby.
Use Your Network Marketing Small Business to Make Your Travel Dreams Come True
Owning a small business is a fantastic way to earn extra income And it can also help you earn valuable miles, points, and cash back! For example, you can charge business expenses to a rewards credit card, which can help you meet minimum spending requirements and unlock valuable new cardmember sign-up bonuses!
If you sell skincare products through companies like Arbonne, Rodan + Fields, Beautycounter, Mary Kay, etc., you’ll likely have ongoing business expenses for hosting product informational sessions, travel, buying samples, shipping, and more. This means you can continuously generate rewards and redeem them to get Big Travel with Small Money!
You can check out our interview with David from Wise Flys who takes his family all over the world by earning credit card rewards with his skincare business.
Plus, network marketing businesses are built off of advertising to your social media networks. And certain cards include advertising as a bonus spending category, like the Ink Business Preferred℠ Credit Card or The Business Gold Rewards Card from American Express OPEN.
You can read more about our top card picks for folks who pay for online advertising.
It’s Easier Than You Think to Qualify for a Small Business Card
Lots of folks actually qualify for small business credit cards without even realizing it! Having a small business card (or cards!) is a great way to keep personal and business expenses separate.
You can apply for small business cards as a sole proprietor by using your social security Number on the application instead of an EIN (Employer Identification Number). Check out these step-by-step guides to completing business card applications with AMEX and Chase.
Most banks do NOT have strict minimum business income requirements for opening business credit cards. And you do NOT need to officially register your business to qualify for these cards.
Banks look at your total income and credit score when evaluating your business credit card application. And you’re still personally responsible for the charges on a business credit card.
Folks who sell skincare and cosmetics products through popular network marketing companies like Mary Kay, Beautycounter, or Rodan + Fields can supplement their earnings with valuable miles, points, and cash back.
As an independent consultant for one of these companies, you can qualify for a small business credit card. Then, you can charge business expenses (like hosting events or purchasing samples) to the card to generate rewards! And certain cards have useful bonus spending categories, like advertising, which can help you earn rewards faster!
Are you a networking marketing entrepreneur? Tell me about your experience with small business cards in the comments!