The Lucrative World of Airline Miles

The following article will shed light on what airline miles are and how they can be best utilized. Without further ado let’s carry on.Airline miles are normally gained either through your airline’s loyalty program or through the use of credit cards that are affiliated with your airline of choice. These might also be called frequent flier points or frequent flier miles.Typically, if you are part of a reward/loyalty program within your airline then you will get miles for either the distance you fly, the type of ticket you bought (i.e. whether it’s economy, business etc.) or the price of the ticket. As for the latter method if you have a credit card of a company affiliated with your airline then any purchases you make through it will also give you some airline miles. A small percentage of your purchase price will be converted into airline miles which will be deposited into your account. So in essence if you have a credit card which is affiliated with your airline then you’ll be making miles all year long on your daily mundane purchases.

If you were therefore to exercise this option you could easily fund your next vacation by just buying groceries!These miles or points can later be redeemed later but it’s worth pointing out that these miles aren’t exactly miles in the literal sense. If on a typical flight you gain 500 miles that doesn’t mean you can use them to pay for a flight that has a distance of 500 miles. Their actual worth therefore is different but with enough miles you can redeem them for actual tickets, first class tickets, speedy bookings etc.You can do all of this through the reward page of your airline.At this point, it’s worth noting that there are normally only a small number of seats available for frequent flyers so if you intend to use them then do so early.The following are the best ways you can use airline miles.1-Book a Flight:The simplest way to use your miles it to pay for your next flight. Here it’s important to note that there are a small number of flight seats reserved for FPP users so if you intend to book a flight with your points then do book one early.

The other best use is to upgrade your current seat to one of a higher grade. You can for instance, upgrade your current economy class to business class with your points.3-Gift Someone:
You can also gift your miles to relatives so that they can easily finance their travels. You’re basically gifting them a vacation if you do gift them miles.4-Shop:
Most reward programs also have associated shopping catalogues that allow you to use your miles for actual products.

Are Inventory Financing Lenders and P O Factoring Solutions Your Best Business Financing Bet?

Your worst business nightmare has just come true – you got the order and contract! Now what though? How can Canadian business survive financing adversity when your firm is unable to traditionally finance large new orders and ongoing growth?

The answer is P O factoring and the ability to access inventory financing lenders when you need them! Let’s look at real world examples of how our clients achieve business financing success, getting the type of financing need to acquire new orders and the products to fulfill them.

Here’s your best solution – call your banker and let him know you need immediate bulge financing that quadruples your current financing requirements, because you have to satisfy new large orders. Ok… we’ll give you time to pick yourself up off the chair and stop laughing.

Seriously though…we all know that the majority of small and medium sized corporations in Canada can’t access the business credit they need to solve the dilemma of acquiring and financing inventory to fulfill customer demand.

So is all lost – definitely not. You can access purchase order financing through independent finance firms in Canada – you just need to get some assistance in navigating the minefield of whom, how, where, and when.

Large new orders challenge your ability to satisfy them based on how your company is financed. That’s why P O factoring is a probably solution. It’s a transaction solution that can be one time or ongoing, allowing you to finance purchase orders for large or sudden sales opportunities. Funds are used to finance the cost of buying or manufacturing inventory until you can generate product and invoice your clients.

Are inventory financing lenders the perfect solution for every firm. No financing ever is, but more often than not it will get you the cash flow and working capital you need.

P O factoring is a very stand alone and defined process. Let’s examine how it works and how you can take advantage of it.

The key aspects of such a financing are a clean defined purchase order from your customer who must be a credit worthy type customer. P O Factoring can be done with your Canadian customers, U.S. customers, or foreign customers.

PO financing has your supplier being paid in advance for the product you need. The inventory and receivable that comes out of that transaction are collateralized by the finance firm. When your invoice is generated the invoice is financed, thereby clearing the transaction. So you have essentially had your inventory paid for, billed your product, and when your customer pays, the transaction is closed.

P O factoring and inventory financing in Canada is a more expensive form of financing. You need to demonstrate that you have solid gross margins that will absorb an additional 2-3% per month of financing cost. If your cost structure allows you to do that and you have good marketable product and good orders you’re a perfect candidate for p o factoring from inventory financing lenders in Canada.

Don’t want to navigate that maze by yourself? Speak to a trusted, credible and experienced Canadian business financing advisor who can ensure you maximize the benefits of this growing and more popular business credit financing model.