#businesses risk making pricing decisions that are out of sync with market realities.

[chloedecker0]

Maximizing Retail Profits: Harnessing B2B Price Optimization Software

In the ever-evolving world of retail and e-commerce, businesses are constantly seeking ways to gain a competitive edge. Among the many strategies employed, B2B Price Optimization and Management Software stands out as a game-changer. Price optimisation and management (PO&M) software solutions enable businesses to oversee and optimize the prices of their goods and services. These services also provide a growing range of sales intelligence advice, such as best-next-action suggestions and customer churn warnings. In the industry, vendors either focus on back-office price management and product management roles, or they focus on providing real-time sales intelligence to sales representatives and B2B digital commerce websites, or both. Quadrant Knowledge Solutions, a leading global advisory and consulting firm, has recognized the significance of this technology in their report, “B2B Price Optimization and Management Applications, 2023”. Quadrant Knowledge Solutions focuses on helping clients in achieving business transformation goals with Strategic Business, and Growth Advisory Services. 

Download the sample report of Market Share: B2B Price Optimization and Management Software

Understanding the Retail and E-commerce Landscape 

The retail and e-commerce industry is a highly dynamic and competitive space. Companies within this domain face the continuous challenge of pricing their products right to maximize profitability while staying attractive to their customers. In this context, pricing becomes a critical element of their strategy. Let's delve into some of these challenges: 

Rapidly Changing Market Dynamics: Retail and e-commerce markets are highly volatile, with ever-shifting consumer preferences and market trends. Adapting to these changes in real-time is essential to stay competitive. Without the right tools, businesses risk making pricing decisions that are out of sync with market realities. 

Intense Competition: In retail and e-commerce, competition is fierce. With numerous players offering similar products or services, pricing becomes a key differentiator. Setting prices too high can drive customers away, while pricing too low can erode profit margins. 

Complex Supply Chain and Cost Structures: The retail and e-commerce sector often deals with complex supply chain operations and cost structures. Understanding the true costs associated with a product or service is essential for setting optimal prices. Traditional methods of cost calculation can be time-consuming and error-prone. 

Customer Behaviour and Expectations: Today's consumers are more informed and price-sensitive than ever before. Their buying behaviour can change rapidly in response to various factors, including promotions, discounts, and market trends. Retailers must be agile in responding to these changes. 

Competitor Pricing Strategies: Keeping a constant eye on competitor pricing is crucial. Businesses need to respond promptly to pricing moves made by competitors to remain competitive. Manual tracking and analysis of competitor pricing are arduous and inefficient processes. 

Download the sample report of Market Forecast: B2B Price Optimization and Management Software

B2B Price Optimization and Management Software: A Necessity 

B2B Price Optimization and Management Software is the solution to these challenges. This technology leverages advanced algorithms, data analytics, and real-time market insights to help businesses make data-driven pricing decisions. It empowers retail and e-commerce companies to optimize their prices efficiently while taking into account factors like demand fluctuations, competitor pricing, and customer behaviour.

Talk To Analyst: https://quadrant-solutions.com/talk-to-analyst

#In the ever-evolving world of retail and e-commerce #businesses are constantly seeking ways to gain a competitive edge. Among the many strategies employed #B2B Price Optimization and Management Software stands out as a game-changer. Price optimisation and management (PO&M) software solutions en #such as best-next-action suggestions and customer churn warnings. In the industry #vendors either focus on back-office price management and product management roles #or they focus on providing real-time sales intelligence to sales representatives and B2B digital commerce websites #or both. Quadrant Knowledge Solutions #a leading global advisory and consulting firm #has recognized the significance of this technology in their report #“B2B Price Optimization and Management Applications #2023”. Quadrant Knowledge Solutions focuses on helping clients in achieving business transformation goals with Strategic Business #and Growth Advisory Services. #Download the sample report of Market Share: B2B Price Optimization and Management Software #Understanding the Retail and E-commerce Landscape #The retail and e-commerce industry is a highly dynamic and competitive space. Companies within this domain face the continuous challenge of #pricing becomes a critical element of their strategy. Let's delve into some of these challenges: #Rapidly Changing Market Dynamics: Retail and e-commerce markets are highly volatile #with ever-shifting consumer preferences and market trends. Adapting to these changes in real-time is essential to stay competitive. Without #businesses risk making pricing decisions that are out of sync with market realities. #Intense Competition: In retail and e-commerce #competition is fierce. With numerous players offering similar products or services #pricing becomes a key differentiator. Setting prices too high can drive customers away #while pricing too low can erode profit margins. #Complex Supply Chain and Cost Structures: The retail and e-commerce sector often deals with complex supply chain operations and cost struct #Customer Behaviour and Expectations: Today's consumers are more informed and price-sensitive than ever before. Their buying behaviour can c #including promotions #discounts #and market trends. Retailers must be agile in responding to these changes. #Competitor Pricing Strategies: Keeping a constant eye on competitor pricing is crucial. Businesses need to respond promptly to pricing move #Download the sample report of Market Forecast: B2B Price Optimization and Management Software

[bodycarp3]

Tax Management, Tax Planning And Tax Preparation Providers

But when occasions are tough and suppliers are hungry for enterprise , you'll be stunned at how many will decrease prices, when you ask and do not take no for an answer. Don't overlook fundamental expenditures, corresponding to phone service, electricity, copying, janitorial companies, and payments to unbiased contractors. With our skilled recommendation, you can make the best enterprise decisions for your corporation for optimum success. Compilations are often requested for inner purposes and are based upon data offered by an organization's management. On the flip side, if your credit standing is already dangerous, a private bankruptcy could cut back your debt enough to allow you to revive your credit standing rather than attempting to pay back every thing that is owed. Enlisting the assistance of knowledgeable debt-restructuring firm is but another option if earlier efforts to climb out of business debt have failed. Debt-restructuring professionals negotiate with creditors and assortment companies in your behalf to formally lengthen, renew or change current credit score agreements. Depending on your monetary situation, any financial savings you get from debt reduction services could be thought of revenue and taxable. 會計師事務所 and others could report settled debt to the IRS, which the IRS considers income, unless you're "insolvent." Insolvency is when your whole money owed are greater than the honest market worth of your whole belongings. Talk to a tax skilled if are not certain whether or not you qualify for this exception. Download our debt discount worksheet to put together a method that’s right for you. Explanation Of Bank Reconciliation On the opposite hand, a small online store—one that has days when there aren't any new transactions at all—could reconcile on a weekly or monthly foundation. Reconciling your financial institution statements lets you see the relationship between when money enters your corporation and when it enters your bank account, and plan the way you collect and spend cash accordingly. If, on the other hand, you utilize money foundation accounting, then you record each transaction on the similar time the bank does; there ought to be no discrepancy between your stability sheet and your bank statement. In reality, with more knowledge and transactions occurring digitally, the necessity for correct and real-time updates is much more essential. Once you’ve made the necessary adjustments to both the cash account and bank statement, you'll be able to examine that the account balances match. Keep in mind variations like NSF checks, bank charges, and money account errors. When you do a bank reconciliation, you first find the financial institution transactions which are answerable for your books and your checking account being out of sync. To reconcile your data, you'll need access to a list of your transactions. Although this course of may be fairly simple for some firms, there’s no purpose to depart a high-risk and typicallyhigh-volume account reconciliationto a manual, spreadsheet-driven process. Next, add or deduct any other gadgets together with their amounts that were not recorded appropriately by your organization. Next, add or deduct another items along with their quantities that were not recorded correctly by your bank. As a end result, the financial institution debits the amount towards such dishonored checks or payments of change to your bank account. As mentioned above, bank overdraft is a situation the place a checking account turns into adverse because of excess withdrawals over deposits. Tax Providers Our professional help can help you consider entities that you are interested in and information you towards making enterprise choices that you just feel confident with. No one can predict the future perfectly, however we are in a position to all benefit from planning for it. Bahoura Barringer, PLC combines experience and experience with a gained understanding of your business to supply monetary projections that can allow you to manage your marketing strategy and spending. Whether you’re negotiating the sale or buy of a enterprise, settling a authorized dispute, or implementing gift and estate planning, Condley & Company can present an goal analysis of your small business. We notice your business has unique qualities, and our professionals are prepared to assist in determining its honest worth. AFS does it to help businesses and corporations improve their effectivity and efficiency. Using the data collected, we level to areas that you can enhance on to extend efficiency. We also advise you on the practices that might assist you to get to your targets faster. 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Goldberg Advisory Services, LLC can help you develop, implement, and administer your profit, retirement, and profit-sharing plans with a watch toward rewarding your workers and reaching your company's monetary and business targets. David A. Glucksman, CPA employs careful analysis and due diligence to find out a fair asking value, pinpoint probably the most favorable tax constructions, evaluate monetary and cash move impact, and assess suitable business features and tactics. From your organization's inception via its growth and growth, David A. Glucksman, CPA can advise you on choosing an entity sort and later restructuring if advantageous. Timely, efficient bookkeeping companies are available for businesses of all sizes. We support all main accounting applications together with Quickbooks and Peachtree. Burds Reed & Mercer, PC employs careful evaluation and due diligence to determine a good asking price, pinpoint the most favorable tax buildings, evaluate monetary and cash move impact, and assess suitable business functions and ways. What's Gl Reconciliation? Advanced Ideas For Cfos With automation options likeSolveXia,you'll be able to perform correct and well timed reconciliation processes very quickly. From data integrations to safe knowledge storage and easy-to-read reviews, there’s nothing you’ll be lacking when it comes to GL reconciliation. As you know, the GL reconciliation process can take up a lot of priceless time. Since information is stored across multiple sources and must be compared side-by-side, guide reconciliation is lower than optimum. Without software program, it implies that your group is spending time to each find source documentation and then go through it line by line. Luckily, GL reconciliation makes use of the facility of know-how and automation to make the method efficient. If the ending balances don’t match, accountants examine the reason for the discrepancies and make adjusting entries required to resolve variations from errors or missing transactions. Cash reconciliations are typically thought to be probably the most essential of the account reconciliations as a outcome of catch-all nature of cash accounts. By reconciling money accounts to financial institution statements, all day-to-day transactions paid by debit card, check or digital fund switch are captured. Another cause cash reconciliation is taken into account a excessive priority is cash’s excessive propensity for theft. As such, some consultants suggest weekly reconciliations rather than monthly, and most accounting software program packages can facilitate day by day money reconciliations. BlackLine Transaction Matchingworks along with the Account Reconciliation product when there is a need for automated high-speed analysis of transaction details within an account. This works by figuring out transactions that do not match between methods, simplifying the reconciliation of accounts with excessive numbers of transactions. This product is able to importing information from virtually any supply, and is compatible with all main ERP systems. Rules for account balance certification are configurable and could be set based on account risk-profile. Small businesses that don’t problem inventory use an account known as owner’s equity, as an alternative of frequent stock. Make a note of the closing balance (i.e. month-end) on the exterior doc and compare its value to the closing stability of the corresponding account in your accounting software. The distinction represents the value wanted to fully reconcile this account. SMBs which produce monthly management accounts will need to reconcile their bank, receivables and payables at a minimum of as soon as per month for the right data to be presented in their accounts. The reconciliation has been profitable if the identical stability appears in the accounts of both companies, with it being a debtor in a single company's books and a creditor within the other’s. This, in essence, ensures that the consolidated accounts get rid of any artificial profit/loss from intercompany transactions. This step is in all probability not needed for smaller businesses with limited activity. The Distinction Between Bookkeeping And Accounting In 1993, the IASC completed a project to improve the comparability and usefulness of financial statements prepared in accordance with its standards. Prior to this project, numerous IASC requirements codified existing apply in multiple jurisdictions, allowing several various therapies for a single sort of transaction. As a result of this enchancment project, many alternatives have been eradicated, although, in a quantity of areas, the IASC standard retained multiple approaches, with one designated as a "benchmark" therapy and the opposite as an "allowed different." Q.21 What has been your experience with the standard and usefulness of the information included in U.S. Please clarify, out of your viewpoint as a preparer, user, or auditor of non-U.S. GAAP financial statements, whether or not the reconciliation process has enhanced the usefulness or reliability of the financial information and the way you have used the information offered by the reconciliation. In many techniques, entry to computerized data (e.g., transport requests) can lead to improper access to property; therefore, procedures should be designed to restrict entry to computerized information. Both standards have to be met in the same factor (assets, liabilities, and so on.) for both the ten percent and 5 percent exams for a fund to be defined as main. However, Statement 34 permits a government to designate a specific fund that's of interest to customers as a serious fund and to individually current its info within the primary monetary statements, even when it does not meet the criteria. However, a authorities does not have the option to NOT report a fund as main if it meets the factors above. Information methods support contains such capabilities as system software upkeep, database administration, communications and community administration, end-user computing, and different groups with technical and administrative assist duties. Senior management ought to deliver a transparent message to workers about their obligations and role in the inside management system. Employees should also have a means for speaking the effectiveness and effectivity of these techniques to higher ranges of administration. Permanent funds are required for use to report sources which are legally restricted to the extent that only earnings could also be used for purposes that assist the reporting government packages. The appropriateness of different accounting literature is dependent upon its relevance to explicit circumstances, the specificity of the steering, and the final recognition of the issuer or creator as an authority. Stability Sheet The company plans to settle this quantity over a interval of 14 years. The company has three forms of non-current liabilities; allow us to inspect every considered one of them. The upper acceptable restrict is 2.00 with not extra than 1/3 of debt in long-term liabilities. $1,724,000As you probably can see, Acme Manufacturing’s 2020 assets usually are not financed equally. After enrolling in a program, you could request a withdrawal with refund (minus a $100 nonrefundable enrollment fee) up till 24 hours after the start of your program. Please review the Program Policies page for extra particulars on refunds and deferrals. In all circumstances, web Program Fees must be paid in full to finish registration. We also permit you to break up your fee across 2 separate bank card transactions or ship a cost link email to a different individual on your behalf. If splitting your fee into 2 transactions, a minimum cost of $350 is required for the primary transaction. In particular, the stability sheet can be used to examine 4 forms of metrics, which are noted beneath. As an example of how the accounting equation works, a store owner wants to purchase new cabinets, at a cost of $1,000. To achieve this, he purchases the cabinets on credit for $1,000 from an office provide retailer. This leads to a $1,000 enhance in the store owner’s assets , in addition to an offsetting $1,000 in liabilities . This represents a balanced transaction, the place property increased by $1,000 and liabilities also increased by $1,000. Variations Between Cfo Providers And Accounting Providers Once synced, transactions will circulate into the accounting software, the place they can be categorized into varied accounts. While most accounting software is straightforward to use, a basic understanding of accounting principles is required to make sure that financial reviews are prepared accurately. For this cause, many businesses rent bookkeepers or accountants to take care of or review their books. For a enterprise to proceed to grow and increase, they need a better degree of assist that comes from skilled accountants and CFOs. Hiring a full-time experienced accountant or CFO is an choice, but it’s one that would be a significant time and value investment. The national common salary is $104,000 for an skilled accountant and $390,000 for an skilled CFO. For all of her customers, Marcus stresses the importance of timely evaluations and consultation classes. Accounting/clerical positions May 1994 to April 1995 June 1996 to May 1997 Proofread stories, assisted customers in setting up new accounts or errors in accounts, tackle modifications, and so on. Assisted in tax preparation/closing entries, financial institution reconciliation, accounts payable/receivables, payroll information entry, and processing of presidency types. U S Agency For International Growth Receive well timed tax developments, up-to-date audit and accounting regulatory changes, and different news impacting your business. The online program delves into the foundations of enterprise advisory, tips on how to conduct a needs assessment in your shoppers, formulate a consultative solution and continue to review that resolution. Firms offering advisory providers earn extra revenue and have a tendency to retain shoppers longer, he says. 2 See paragraph .06 of AS 1105, Audit Evidence, which states that appropriateness is the measure of the standard of audit proof, i.e., its relevance and reliability. To be appropriate, audit evidence should be both relevant and dependable in providing help for the conclusions on which the auditor's opinion relies. Marketing analysis, promoting campaigns, gross sales funnels, service funnels and all the data essential in offering prospects with the user experience that the Omni Channel Customer Experience demands. Coordinating financial and non-financial information methods so as to provide the results our purchasers require includes an inter-disciplined method. Accountants are better ready to work with marketing knowledge than marketing govt could be to work with accounting knowledge. Give accountants the best cloud based mostly software tools for the job and that opens a wholly new realm of client service prospects. What lies ahead might be the transition of accounting from the normal pipeline enterprise model to the model new digital platform business model that Sangeet Paul Choudary retains talking about. Trolley is a payment automation software that may help streamline accounts payable workflows for companies. It lets users ship mass payments to over 200 countries and areas all over the world and validates recipients’ bank accounts and personal data. Aside from streamlining payout processing, Trolley helps businesses remain compliant with tax rules by providing the right tax forms based on IRS requirements.

#會計師事務所

[real-estate-virtual-assistants]

Outsourcing, Offshoring & Virtual Staffing Trends in the 21st Century

Less than two decades ago, only the biggest companies could afford to offshore their work force. Call-centers and BPO companies that provide outsourcing to manage technical, customer support and administrative tasks were only available to multi-billion, Fortune-500 companies who could afford the massive up-front investment.

Times have changed, though, and a new generation of online outsourcing companies are making it possible for smaller businesses to outsource anything from small part time projects to major administrative roles — just like big business, but with much smaller budgets. These new outsourcing companies are able to provide lower prices & more flexible staffing solutions by leveraging modern virtual presence technologies –outsource staff to work independently or in small groups from any location, not just overseas call-centers as they have in the past. A growing number of these virtual assistants even work from home — a trend that echoes a shift to homebased business in the workforce in general.

Studies such as the Freelancing in America Survey have projected that by the year 2027, at least 50% of jobs will be homebased. This is partly because of the rising costs of renting or owning and maintaining brick and mortar spaces, not to mention the upkeep and other facets that having a physical office presents. According to statistics the number of employers offering a work from home option has grown by 40% in the past 5 years.

Business owners and entrepreneurs have been more open to alternative solutions that will not only save them money but will make their employees happier, thus increasing retention. Retention is a big problem for many businesses, studies show that replacing an employee, can cost a business anywhere around $46,000, from recruitment to hiring and training, the entire process dealing with defection is costly and time consuming. A study by Stanford University study found that employers who offered a work from home option had employee turnover rates fall by over 50%.

Not only do virtual work environments increase retention, but they increase productivity as well. Two-thirds of managers who offer telecommuting flexibility report that employees who work from home are overall more productive. Furthermore, 86% of employees report that they are more productive working from home, alone. Far from normal distractions like office small talk and gossip, loud office environments and pointless “meetings”, they find that they are more focused on their assigned tasks and are able to produce higher quality work.

Virtual Staffing & Outsourcing Provides Leverage for Small Businesses

Around 99% of the businesses in America are considered small businesses, 80% of which are run by lone operators. Did you know that out of those small businesses that do have employees, the Small Business & Entrepreneurship Council reports that only 4% manage to net $1 million a year while around 70% declare that they don’t make ANY profit? As Entrepreneurs, being able to shift with the ever changing horizons is a must in order to not just survive but thrive and grow. Embracing the reality of a virtual future and looking at how you can mold your business to adapt to it is essential.

Over the past few years, outsourcing and virtual staffing have become a practice that many smaller businesses have adapted, with much success. There are many benefits to going this route, for example, lower overhead and operational costs. By globalizing employment, a whole new world of talent becomes available, thus increasing the chances of finding the best people to take over specific responsibilities within the business. It isn’t simply looking for a more cost-efficient option but for talent that gives the most value and leverage that you need so you can focus on working on your business instead of in it.

Most of the consumer products you buy these days are built by blended teams, where different parts of the team reside in different countries to take advantage of labor cost & trade specialization. Less specialized roles are moved to locations with a lower cost of living & different wage scale to take advantage of the global trade economy — and end result is actually better consumer products for you at lower prices.

Offshore virtual assistants have all the qualifications (and often more) than local labor, but at 1/3 the cost — which means you can afford to hire better help for a lower price, and you can afford to employ MORE of that help to grow your business. They’re high quality labor, with great education and an outstanding work ethic, and available for prices that similarly qualified Americans typically won’t work for.

Blended teams are exciting, because it finally means that business professionals can employ a competitive advantage in their business formerly reserved only for top-tier manufacturing companies — like the folks who made your iPhone. Just like them, you’re able to delegate repetitive, non-dollar productive “cost center” tasks to a virtual assistant, which in turn helps you focus your time & energy on what actually makes you money.

Altogether, this helps to level the business playing field by allowing small & medium sized businesses offshore like the big boys have for years. It doesn’t mean that jobs are going away, but it does mean that more work is available & more income is generated because companies of all sizes finally have the affordable help they need to rapidly scale to meet demand.

Do The Benefits Of Outsourcing Outweigh The Costs?

Thinking about outsourcing positions in your business? From marketing to administrative tasks and even sales, it offers a ton of benefits — which is why demand for outsourcing is growing so rapidly. You want to be educated about all the benefits & risks associated with outsourcing before you get started, however, so let’s review the pros and cons to help you make the best decision for your business!

- Pros Of Outsourcing

Better Return On Investment. While many believe that reducing costs is the ultimate goal, outsourcing offers more than just a better return on investment (ROI). You get a better return on your investment. The lowered costs and higher efficiency allow you to serve your clients better, therefore allowing you to see higher returns.

Better Management. When everything is done in-house, there is a huge possibility that some core competencies are not given as much attention as needed. But if you outsource activities that are routine, administrative or require specialized skills, you can focus more on core functions and ensure that your company thrives and succeeds.

Improved Efficiency. When you outsource, you can find someone that specializes in what you need to be done; therefore, you can ensure efficiency to rise. If the tasks you need to be completed are itemized and you have built processes and have systems, you can find someone who can focus on the different areas you need them to. For example, a MyOutDesk Virtual Inside Sales Agent (ISA) can focus on appointment setting and lead follow-up, ensuring that you have that area of your business consistently moving forward.

- Cons Of Outsourcing

Culture Conflicts. If you don’t take the time to integrate outsourcing and make sure that your in-house team is on board, you could potentially harm your company culture. However, steps can be taken to make sure that everyone understands what outsourcing is doing for the business. Integrating is essential. For example, many of our clients include their Virtual Assistants in daily huddles and weekly meetings to ensure that they are in sync with the rest of the team.

Lack of control. The fact that you are not physically present in an office with someone working for you can be daunting for many people. This is one major misgiving we initially hear from our clients. Hiring the right company with things in place to give you peace of mind in this matter is a solution for that. There are several types of software/programs that can be used to monitor work as well as protocols that can solve this issue.

Communication Issues. Communication is extremely important especially when you outsource. Failure in this area can lead to a lot of frustration and even worse, lost business. Finding the right resources to improve communication is important, as well as delivery. Using proper resources that will work for both parties as well as clarity is essential to avoid problems.

There are many pros and cons of outsourcing, all of which you should carefully consider before deciding for or against this strategy. With the ability to affect company culture, this isn’t something to take lightly. It all begins with a clear picture of what you want and need and thorough research to ultimately find the kind of people you need to benefit your business.

Embracing A Blended Model

We are in an age where traditional business models may no longer be enough to scale and grow your business. The ability to be flexible and adapt to ever-changing horizons is key to not only survival but to flourish. One specific model that has been gaining traction over the past few years is the blended business model. Basically, it is engineering a blended org chart with part of an organization being in-house and another part working virtually.

If you are in any of the following scenarios, it might be time for you to consider adopting the blended business model:

· Your workload is starting to get overwhelming and the quality of your life is suffering.

· Company revenue productivity is suffering because your time is spent on on-revenue efforts.

· Your growth curve is flat because you’re stuck with administrative work.

· You know you need support but do not want to go through the tedious process of hiring, only to have your hires leave after a period of time, thus putting you in a vicious cycle.

Hiring Virtual Assistants solve a lot of problems and actually bring many benefits. For example, a full-time Virtual Assistant will cost you 25%-30% the cost of an in-house employee. A Virtual Assistant will have their own equipment and software, and will not take up any precious office space, so overhead costs are cut-down as well. Organizations like MyOutDesk cover HR concerns, benefits and even things like paid time off; while all you do is pay your monthly subscription.

Building a blended org chart with Virtual Assistants is an extremely cost-effective way to grow your business!

Stanford Studies have shown that remote workers show increased productivity by 16%. Those who work from home seem to be more focused with fewer distractions. They also found that employees working in open offices took 62% more sick days than virtual employees.

Deloitte’s Millennial Survey 2017 found that remote work arrangements are “strongly linked to improved performance and employee retention.” Furthermore, 38% of respondents reported they were likely to leave their current employer within the next two years, with many citing work/life balance and flexibility as major contributing factors.

Large companies are benefitting from using a blended employment model. In fact, a new regulation stemming from the Dodd-Frank Wall Street Reform and Consumer Protection Act has given us a clearer picture of the extent to which some of the largest U.S. companies employ global talent. As part of this act, publicly traded companies are now required to disclose how many foreign employees they employ. While this act was passed back in 2010 in response to the 2008 global financial crisis, the SEC only approved guidance for companies outlining how to implement and comply with the mandate in September 2017. Therefore, data regarding the degree to which these major corporations use global talent is only just beginning to emerge. Even after just one quarter of such reporting, it is clear that many of the most recognizable U.S. brands hire workers in lower-cost countries as a means of leveraging their businesses.

You might be surprised at the high percentages of global talent that successful companies have reported so far:

· Kelloggs: 80%

· General Electric: 66%

· United Technologies: 68% Whirlpool: 80%

· Merck: 55%

· Honeywell: 58%

· Hanes: 80%

· Mattel: 78%

· Wal-Mart: 35%

If these major companies employ this strategy, there is no reason that you cannot for your own business as well.

The fact that the Internet and other modernizations have globalized our economy gives you a chance to scale your business faster and further than ever before, using Virtual Assistants. Demand for virtual talent is increasing because it works for most business owners. Simply put: it is good for business.

Here’s a link to read more comprehensively about the blended business model and how it’s leveraging real estate virtual assistants in the services sector.

Virtual Staff Are Happier & More Productive

In survey after survey, it has been shown that remote workers are happier when compared to all employees across all working arrangements. In turn, this directly impacts productivity.

One survey questioned 14,000 people regarding their personality and whether or not they are suited for remote work. It was found that only 24 percent of individuals who worked in an office loved their jobs, compared to 38 percent of mobile workers and 45 percent of telecommuting workers.

Similar results have been reported time and time again, leading to new insights, particularly in regard to productivity — but what does this mean for your business?

There are a number of studies available that show the association between happier employees and a more productive workplace. This includes a study from the University of Warwick, which found that greater happiness led to a 12 percent increase in productivity. In comparison, unhappy workers were 10 percent less productive.

There are a number of theories available. However, one core theory is that the human brain performs better when it is feeling positive. During these periods of happiness, individuals tend to be more creative and are better at problem-solving. These types of findings are making many managers rethink their approach.

Although you could certainly hire someone in-house, hoping that they are happy in their new role, this will end up costing you more. In addition, this approach tends to be less flexible and in turn, less productive.

In contrast, remote workers are already known to be happier workers, and on average, are 10 to 15 percent more productive than their office-working counterparts — but why is this?

Once again, the reasons are vast. Just some of the reasons why remote workers are happier include:

They benefit from a decrease in work-related stress and an increase in overall morale.

They develop greater work-life balance, helping employees balance their career and personal priorities.

They experience an increase in focus and productivity. They also report fewer sick days, likely based on lower stress levels.

They are able to save money, especially in relation to transportation costs.

The bottom line is this: studies show that by reducing stress and improving work-life balance, remote workers are able to achieve greater productivity. In turn, workers are happier, and employers directly benefit.

Outsourcing Made Easy: Hiring Your First Virtual Assistant

We’ve established that virtual staff are happier & more productive — but what does this do for you? Not surprisingly, outsourcing repetitive, time-consuming tasks offers many benefits to small business owners, who often begin their foray into outsourcing with as little as adding a single virtual assistant.

Small-scale outsourcing like virtual assistants don’t require the large scale involvement that a major outsourcing operation does, and are typically much more affordable than hiring in-house while providing the skills and flexibility to support several aspects of your business. The virtual professionals at MyOutDesk are a step above the average virtual assistant with only 2% of applicants making the final grade.

Here are the top six reasons why successful companies hire a virtual assistant.

· Time is your most important resource: Successful businesses and entrepreneurs know the value of being economic with the use of their time. Low-level tasks like email management and customer support can clutter up your schedule, restricting the amount of time you can spend on the more profitable tasks of your business, like dealing with leads and strategizing for future growth. A virtual professional enables you to free your schedule of non-revenue generating tasks and expand your business without blowing up your budget.

· Affordable Business Growth: Business growth requires investment. By hiring a virtual professional you expand your operations without drastically increasing your wage bill and the amount of investment needed to grow your business. A virtual professional is not only substantially more affordable than hiring in-house, the continual management and training costs are also far less.

· Free Yourself from Administrative Busy-Work: Responding to emails, managing meeting times and appointments, and data entry are all necessary daily administrative tasks, but they can easily eat into your schedule. A virtual professional can ensure these tasks are completed on time, enabling you to focus on the more productive aspects of your business. While it’s important to provide clear instruction on what you want your virtual professional to achieve, having these recurring admin tasks taken off your plate will help you focus your time on growing your business.

· Gain valuable customer feedback and market data: Knowing the needs of your customers and potential clients is crucial to sustaining the growth of your business While monitoring the industry you operate in, keeping informed on what your competitors are up to, and collating customer feedback are all important to help grow your business, they also require an investment of time and energy. A virtual professional can collate all of this data for you, providing a valuable resource for your business. Having up to date access to this important data could prove a game changer for the growth of your business.

· Maintain Your Online Presence: In the age of social media, businesses are expected to have a strong online presence. However, while the benefits of maintaining the presence of your business across social media and consistently producing content are well known, the work involved can stretch your budget and consume time that should be spent on the more profitable tasks of your business. A virtual professional can help you manage your online presence, responding to customers and prospects on social media and producing and repurposing content so you can keep your social media posts fresh and engaging.

· Avoid Burnout: Every professional can suffer from burnout during their career. Hiring a virtual professional to assist in managing elements of your workload can help relieve the stress that a hectic work schedule can cause. Having someone there to help organize your schedule and deal with tasks frees up your work schedule to focus on more productive aspects of your business and also helps to avoid your work leaking into your personal life. A virtual professional can help you maintain a work-life balance that is crucial to optimizing your productivity and general well-being.

So What Tasks Should I Outsource To A Virtual Assistant?

You need to be able to focus on the activities that generate revenue and not get bogged down by time-sucking, non-dollar productive activities That’s why it’s essential to have others in your team take care of other aspects in your business.

A virtual assistant can be a valuable resource for you to reclaim your time and grow your business. Here are tasks that you can immediately outsource to your virtual assistant:

· Email Management: A recent study by the McKinsey Global Institute showed that the average person spends nearly 30% of their time at work reading and responding to emails. How much time are you spending on this? Your virtual assistant can sift through these emails and ensure that only the most vital ones reach you whilst they take care of the rest. This saves you valuable time and ensuring you only deal with the important emails that require your attention.

· Calendar and Appointment Scheduling: Organize and plan your week to optimize how you spend your time. A virtual assistant can manage your schedule, ensuring you spend your time at appointments with clients, not scheduling them.

· Filing documents: How much time have you wasted searching for a report? A virtual assistant can create an easy to navigate system to file your documents. Have them go through your files and archive old client records, search for outdated information, or look for opportunities to correct partial information doing data-append tasks.

· Data entry: A virtual assistant can enter lead information into your CRM and update your databases. This is a very general task well suited to a virtual assistant and depending on the company & even your industry may involve literally hundreds of online and/or legacy software applications.

· Social Media: We are sure that you are aware of how important social media can be in promoting your business. However, we know that to really make an impact takes a lot of time. Your virtual assistant could take care of all your social media accounts. Creating posts, engagement, and keeping an eye out for new opportunities can take up a lot of your time. However, a dedicated marketing virtual assistant can ensure that you don’t miss out on possible business and build your brand.

· Lead Follow-up: Studies have shown that businesses that follow up within five minutes of an inquiry usually close the deal — and those that take longer show lower conversion rates. This is why lead follow-up is essential to any business, especially in sales & service industries. With everything that you have to do, immediate follow-up may not be a possibility for you all the time. This is why a virtual assistant can be instrumental in ensuring that your lead follow-up is excellent.

· Inside Sales & Prospecting: In order to ensure that your sales pipeline keeps flowing, you need to be prospecting daily. Equipped with a script of your choosing, a virtual assistant could focus on your prospecting and make sure to keep those leads coming in.

· Transaction Coordination: The process involved with any business transaction can be long and tedious. A virtual assistant can coordinate the tasks needed to be completed: from contract to close, making calls and filling up the necessary paperwork.

· Print Advertising and Signage: Traditional forms of marketing are still relevant in modern business, especially for smaller local firms. A virtual assistant can help you create flyers, signs, and print ads, and then take care of the communication with advertising vendors.

· Online Content Creation: Keep your company blog updated with regular posts. A virtual assistant can work with you to produce content ideas and then create the posts for your blog.

· Testimonial Gathering: Testimonials are a brilliant way to gain the trust of potential clients. A virtual assistant can research and communicate with previous clients to create glowing testimonials for your business.

· Client Follow-Up: Keeping in touch with prospects is crucial to enhancing your customer satisfaction & generating repeat business. A virtual assistant can maintain regular contact with prospects to ensure your leads are kept warm and not left to go cold.

· Generating Referral Business: According to a recent report, real estate agents gain 21% of their clients from referrals — but word of mouth & referral based business is a large part of many industries, and requires leveraging your existing contacts to generate new clients. A virtual assistant can keep in regular contact with your current clients to maintain a relationship that could be the source of new clients.

· Communicating With Partners & Officials: For mortgage brokers, surveyors, conveyancers and a host of other professionals, a virtual assistant can communicate with all the parties involved to ensure that everything that needs to be done is completed. Many professions have regular communications & paperwork flowing between their office and partners, city officials, even state or Federal agencies — a virtual assistant can assist in coordinating all of that.

These are just a few things that a virtual assistant can handle for you. However, the possibilities can be endless depending on what you need. Just remember that delegation is crucial — you need to make sure you spend as much time as possible on the dollar productive tasks of your business and delegate the tasks that eat into your busy schedule.

Chances are, you spend a lot of time doing specific tasks in your business that are taking you away from your revenue producing activities. You should be empowered to delegate these tasks and focus on the things that you do best, making connections and closing deals.

Choosing the Right Virtual Assistant Company

At this point, if you’re thinking about hiring a Virtual Assistant, then your next question is probably going to be “where do I find one?” There are literally dozens virtual assistant firms out there offering competitive services — how should you determine which one to go with?

First of all, determine what your needs are. Do you need someone full time or part-time? Or do you simply need someone to help you out with a few projects? What do you need help with? Do you need someone to help you with your marketing, or perhaps your Administrative tasks? What about call-answering, or even prospecting or telemarketing? Perhaps you just need someone to create a flier or a logo, or maybe just to manage your website? Once you determine your needs, you can narrow down your research and make it easier to find the right person to be your Virtual Assistant.

If you need project-based help, like for example some graphics or a logo, a firm like Fiverr, DesignCrowd or Toptal might be what you need. These sites are a great place to find talented creators to work on projects for you on things such as graphic design, video editing, and even animation. If you can’t afford to hire a design company this is a great alternative.

If you need someone to do data entry, write articles/blogs or even data mining but do not want to take someone on full-time, firms such as UpWork, PeoplePerHour, and Freelancer.com are great places to look for talent. You can find a plethora of different specialties and experts for each. Job seekers are not limited to the tasks aforementioned. You can also find people looking to work part-time or full-time as well, all you have to do is be specific and clear when you create a job posting in order to attract the best candidates.

One thing to remember is that there is no guarantee; it may take several tries to find people who will get your vision and deliver what you need. One downside when you go through firms such as those mentioned above is that these firms have guidelines and restrictions that can prove to be a great risk. Being that you are dealing with Freelancers, you may face issues such as poorly delivered work, delays, etc. These firms will offer you some protection, but it is still a high risk.

If you want someone more permanent or higher level, you may want to explore options such as my company — MyOutDesk . Premier virtual assistant services like ours can help you gain more leverage and time to focus on your revenue productive activities, more than that, they will provide you with value for your business. From the very beginning, organizations on this level will have candidates ready for you, already screened vetted, and those that pass are trained in the foundations of your industry. After final selection, they’re typically also prepped on the specifics of your company to help them come up to speed as rapidly as possible.

There are many additional advantages to a virtual staffing agency over trying to recruit, train & manage a virtual assistant on your own through a job portal. For instance, after you hire someone, MyOutDesk has a support team that in place you can reach out to whenever you or your Virtual Assistant needs help or to address any performance, human resources, health, or other concerns.

Give it some thought and consider exactly how involved you want to be in the hiring, screening and management of your virtual assistant. It’s important consider every aspect of what each service provides when looking at different Virtual Assistant Services.

#real estate #virtual assistants #outsourcing

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What Is The Best eCommerce Platform For Your Business?

A mountainous eCommerce platform can totally grow to be your trade.

A swiftly, versatile, and straightforward to make expend of on-line platform makes a great deal of issues masses easier. However discovering the decision that matches your trade essentially the most could be severely worrying – there are so worthy of options to take from!

Efficiently, here’s what I’m right here for. I are fascinating to allow you to see the suitable eCommerce platform in your on-line retailer. Confidently, by the keep of this put up, you are going to be nicely suggested, as to which platform is supreme in your trade.

And right here is the listing of the suitable eCommerce platform options:

shopify (Easiest all-around eCommerce platform)

BigCommerce (eCommerce platform obliging to mountainous world firms)

Volusion (low cost, simple to make expend of eCommerce decision)

Etsy (on-line product sales decision for crafting specialists)

BigCartel (free eCommerce scheme available)

Let’s have a examine at them intimately.

1. shopify

The best all-around eCommerce platform initiating at $29/month.

shopify is believed to be one of the crucial standard eCommerce options throughout the world. It presents an effortless-to-expend internet house builder and lots extraordinarily environment friendly instruments to allow you to assemble a web-based retailer of your goals, promote nicely, and track your knowledge. Complete, or not it’s a mountainous risk for a lot of miniature firms – as a result of there’s additionally loads of room to develop need to that miniature trade all immediately change right into a extreme firm.

shopify is being ragged by loads of large firms, equal to Pepsi, Nestle, or Kylie Jenner cosmetics – so it will have enough room for you and your trade.

And it obtained’t finish on the net, too – shopify has launched a bodily card reader, which allows to sync retailer purchases with a web-based retailer!

The inventory mannequin of shopify wouldn’t have worthy occurring for it – nonetheless there’s an in-dwelling utility retailer that may succor the customers create the shop the mannequin they want it to be. These sorts of apps are paid – be cautious of that, as a supreme on-line retailer of your goals might perchance seemingly additionally merely mark you fairly further.

As a minimum need to you ultimately accumulate what it is best to have, making a retailer goes to be a trot – shopify internet house builder has loads of mountainous themes and is inconspicuous to make expend of. It in degree of reality appears identical to the suitable eCommerce internet house builder out there. Little doubt certainly one of my well-liked issues is the reality what variety of dropshipping options there are.

Including merchandise and testing analytics can also be fairly simple, every and every on a desktop and a extremely-rated cell utility. Additionally, shops hosted on shopify servers have impressed us with their speeds.

The most convenient apt drawback of shopify is its mark. With plans ranging from $29 a month and barely mountainous bank card fees, you would possibly nicely perchance seemingly additionally merely see your earnings margins lowering by fairly masses. However even then – or not it’s peaceable an supreme risk, all in favour of how worthy you accumulate on you cash.

Execs

 A in actuality though-provoking app retailer, together with loads of functions to take from.  Applicable efficiency and internet clarify on-line positioning optimization.  An legitimate internet house builder.  A extremely-rated cell utility (4.5 out of 5 ranking on Apple App Retailer).

Cons

 Noble eCommerce scheme begins at $29 a month.  Fairly mountainous financial institution playing cards fees and transaction prices. They’re going to even merely vastly lower your earnings margins.  Add-ons throughout the utility might perchance seemingly additionally merely mark you much more.

2. BigCommerce

The eCommerce decision for extreme firms initiating at $29.95/month.

BigCommerce goals to be the suitable eCommerce decision for mountainous firms. Trusted by Ford, Toyota, Motorola, and lots extra, BigCommerce is a customized eCommerce decision, prepared to assemble your internet house the mannequin it is best to have it.

How will you be part of this elite membership?

Efficiently – you are going to be in a quandary to position a question to a demo from the agency, challenge your trade, they usually shall return with the present – which works to be fairly mountainous.

Or alternatively, you are going to be in a quandary to expend BigCommerce Necessities – a decision constructed for smaller firms.

And its most rate-efficient scheme at $29.95 presents wonderful mark.

Limitless bandwidth, limitless objects, skilled reporting, reward playing cards, and checkout codes are all available with the ‘Original’ scheme which is completely fairly acceptable.

The most convenient stumbling block is the annual product sales you would possibly nicely perchance seemingly additionally very nicely be allowed – with essentially the most rate-efficient scheme, you would possibly nicely perchance seemingly additionally merely not exceed $50,000 a yr. Whereas you attain that – you are going to should strengthen.

The true demand is, whether or not or not it is best to have all of BigCommerce sides on the identical time. On the totally different hand or not it’s acceptable to have them – and on excessive of that, there are no transaction prices, so each buck you create is yours.

Whereas you recommend to promote masses, chances are high you additionally scheme to promote worldwide. BigCommerce has your again – with greater than 60 price gateways, it provides world options to 30 nations. Amongst the options, there’s Skrill, WorldPay, 2CheckOut and lots, loads of others.

For positive, some issues need to be clarified. As an illustration, wanting on the consumer tales of BigCommerce, I seen a great deal of of us disgruntled with this platform. Amongst the most well-liked complaints, there are exAMPles of unusual mark adjustments and sporadic replies to reinforce tickets. We have now completed some attempting out ourselves – and purchaser strengthen seems to be acceptable

Execs

 Whereas expensive, BigCommerce Original scheme in degree of reality presents a great deal of mountainous sides.  Lots of price gateways.  Free trial scheme for 15 days.

Cons

 Lackluster purchaser strengthen.  No free/low-mark scheme.

3. Volusion

Straightforward to make expend {of professional} eCommerce platform initiating at $15/month.

Volusion is the suitable eCommerce platform for of us which might be fascinating to have an enormous amount of internet house developing sides blended with excessive class strengthen.

Whereas a customary eCommerce platform equal to shopify has an utility retailer, Volusion intends on making their software as essential as that you just simply’re going to be in a quandary to mediate of obedient from the beginning – the entire add-ons are available from the very initiating. Proper right here is an legitimate on-line retailer decision for the of us which might be fascinating to decide on issues into their like fingers, and likewise steal to have ultimate simplicity, not altered by third-party functions and their diverse consumer journey.

The initiating mark can also be fairly acceptable – from $15 a month, or not it’s cheaper than most of its opponents. And regardless of the reality that the mark is low, efficiency seems to be high cost: internet sites hosted on Volusion are very swiftly, which is in the slightest degree instances a mountainous bonus.

Execs

 Noble 24/7 Toughen. Chat response events are round 10 minutes and you’ll be in a quandary to additionally expend the telephone service. Buyer consultant brokers are a knowledgeable and worthwhile.  Lots of sides, all readily available – no want for an app retailer.  First cost mark – from $15 a month ($13.50 with a yearly scheme).

Cons

 Points equal to newsletters or eBay/Amazon integration require extra advanced plans.  Web house builder might perchance seemingly additionally put with extra templates.

4. Etsy

An eCommerce risk for crafters – for handiest a $0.20 file price.

Etsy is an area for artists and crafts lovers who create handcrafted objects and are fascinating to promote them on-line. It is recognized as a preferred house for DIY geeks who’re fascinating to vend issues to of us all the world over.

And the suitable portion is – this eCommerce platform obtained’t require worthy of your time. It is completely that you just simply’re going to be in a quandary to mediate of to commit your self fully to crafting, hunch a retailer, and peaceable stay a one-individual operation.

By changing into a member of Etsy, you be part of one mountainous world household. Etsy is a world inside a world and has a strong neighborhood. In truth, you would possibly nicely perchance seemingly additionally merely not even want a great deal of advertising and marketing and advertising and marketing to build up your first potentialities.

Whereas you place nicely, you would possibly nicely perchance seemingly additionally merely accumulate enough consideration to finish afloat and create a extreme choice of product sales! If Etsy deems your objects though-provoking, you would possibly nicely perchance seemingly additionally merely accumulate featured on its homepage or newsletters they ship to the customers.

On excessive of that, initiating on Etsy is completely fairly low cost. There are no month-to-month prices. Etsy handiest takes a portion of what you place. Whereas you could have a spoiled month, you don’t lose cash!

On the totally different hand, this model should not be in the slightest degree instances acceptable. No subject not charging month-to-month prices, Etsy takes a strong chunk out of you cash. $0.20 merchandise file price, 3.5% transaction price, and three% $0.25 price processing price create issues fairly expensive.

For positive, there is a candy place the place this maintain of price is financially viable. On the totally different hand, need to you promote extra, it will presumably more than likely perchance seemingly additionally merely not be an legitimate risk as you are going to accumulate charged method greater than a customary month-to-month price with another supplier would have an effect on you. Be cautious of that – and put some counting to grasp that.

By changing into a member of Etsy and altering correct right into a part of the household, you additionally give your self as quite a bit as its ecosystem. You cannot create your internet house examine quite a few and you’ll be in a quandary to’t have your like separate area – or not it’s in the slightest degree instances going to be etsy.com/retailer/yourshop.

Being a part of the closed neighborhood is appropriate for the beginning nonetheless later you would possibly nicely perchance seemingly additionally merely accumulate severely miniature by it.

On excessive of that, neighborhood tips are very strict. The Web is suffering from responses and weblog posts from disgruntled Etsy retailer homeowners who had their tasks eliminated. Etsy has a in actuality strict protection of dos and donts. Whereas you mediate your retailer might perchance seemingly additionally merely certain controversy, it is not an supreme risk.

Execs

 No should have any roughly advertising and marketing and advertising and marketing capability – in case your objects examine though-provoking, that you just simply would possibly nicely accumulate enough publicity to promote nicely.  No month-to-month prices – you don’t risk something expansive.

Cons

 You are totally managed by Etsy. No retailer customization, URL or plan-sparkling. A retailer might perchance seemingly additionally merely accumulate eliminated if it will not match the Neighborhood Pointers.  No month-to-month prices imply elevated prices for every and every product and sale – need to you promote a great deal of quite a few merchandise, it will presumably more than likely perchance seemingly additionally merely turn into an enterprise.

5. BigCartel

An eCommerce platform for designers and types – ranging from free.

A favored house for designers and artists to promote issues on-line, BigCartel is an eCommerce decision which makes an attempt to empower the of us with miniature budgets – nonetheless mountainous goals. Proper here’s a mountainous platform for graphic designers, and aspiring manufacturers. How close to?

Efficiently, this might perchance seemingly additionally very nicely be very clearly seen from considered one of the crucial issues – BigCartel is the supreme eCommerce decision on this complete listing which presents a ideally obliging free scheme. That method no bank card particulars, no trial time. Noble apt, free hosted eCommerce.

On excessive of that, you would possibly nicely perchance seemingly additionally merely expend a drop transport service, like Printful. Noble like that, a designer might perchance seemingly additionally merely promote customized prints, garments, garments or dishes – with out having to make investments into loads of stocked merchandise.

For positive, the free scheme is very miniature – you’re restricted to a customized BigCartel URL and might perchance seemingly handiest retailer as quite a bit as 5 merchandise. Additionally, there’s not any analytics software and there are many various extreme obstacles. On the totally different hand, with a free scheme that’s handiest anticipated. Whereas you steal to reinforce, the plans are additionally fairly low cost.

Additionally, not like on Etsy, right here you are not miniature to your success, as you handiest accumulate charged for a transaction and might perchance seemingly retailer as many merchandise as your scheme allows.

Within the case of instruments – a few of us point out that the analytics or transport calculator instruments aren’t very extraordinarily environment friendly. Additionally, not like in Etsy, the neighborhood half is normally fairly miniature. For numerous of the portion, it method it is best to have to position lots of the advertising and marketing and advertising and marketing your self and need to you modify right into a expansive title, you would possibly nicely perchance seemingly additionally should circulation a ways from BigCartel to build up further instruments.

However for a lot of, nicely…All of us have to start out someplace and for a lot of, BigCartel presents a mountainous floor zero with a free hosted eCommerce scheme. Seamless integration with drop transport platforms successfully method that your outlandish plan will turn into an supreme wanting product and ship to your potentialities with out you though-provoking a finger. Although this platform lacks a great deal of important analytics instruments, you accumulate completely the basics – a webshop and a customized URL.

Is that this an legitimate initiating degree earlier than you strike gold?

Would possibly merely along with be. It obtained’t offer you a extraordinarily environment friendly internet house builder or a whole lot of freedom, nonetheless might perchance seemingly additionally totally be the suitable risk.

Execs

 Free scheme available.  Straightforward to make expend of for inexperienced individuals.  Month-to-month scheme method you are not miniature by your success.

Cons

 Devices aren’t very advanced.  Lack of neighborhood strengthen.

How To Use eCommerce Platforms To Type You Cash

So – all 5 of the eCommerce platforms talked about on this listing are mountainous. Noble expend one which works your needs essentially the most, presents the suitable sides for the suitable pricing, and also you would possibly nicely perchance seemingly additionally very nicely be acceptable to wander!

Efficiently...Practically.

An eCommerce platform itself obtained’t create you any cash. It is merely a software in your fingers that you just simply’re going to be in a quandary to expend to type masterpieces. However there are peaceable many issues that need to be completed in expose for a retailer to create cash.

So – what issues whilst you put to maximise your earnings?

Let’s have a examine at a few of the techniques that you just simply should implement to reinforce your on-line retailer.

Take into delusion your clients – not about your self

On the internet, there are many lists telling, how you could make stronger your on-line retailer, and the way you can expend advertising and marketing, internet clarify on-line positioning, lope optimization, and lots different issues, that be distinct your on-line retailer is as wonderful as you want it to be.

You, you, you – or not it’s in the slightest degree instances about you. However right here is the factor – the purchasers care tiny or no referring to the particular person or the agency they’re looking for from. An internet retailer has to offer an supreme wanting, seamless journey, that makes all of it about them.

So, what put your clients in degree of reality choose out of their on-line procuring journey?

You would possibly nicely perchance seemingly seemingly additionally merely entice your internet clarify on-line guests to the shop! However what is going on to they put after they accumulate there?

Of us are in the slightest degree instances very swiftly to create adjustments by bettering software or imposing technical updates. On the totally different hand, by taking the suitable eCommerce websites and evaluating them to their underperforming opponents, I came across 5 tips that every and every physique profitable firms shared with one however one other.

The outcomes might perchance seemingly additionally merely shock you – it’s not referring to the plan elements, social media, internet clarify on-line positioning, or on-line web page loading lope. As an totally different, it’s all about efficiency. Let’s see what in degree of reality drives success.

Be distinct Search button in degree of reality works!

Potentialities are fascinating to build up each factor as with out effort as that you just simply’re going to be in a quandary to mediate of. Refine their searches so of us can see precisely what they’re looking for. Advanced wanting options give clients the vitality to build up garments throughout the acceptable dimension, merchandise throughout the acceptable coloration, and gear with the suitable specs.

Firm generally tend to go looking suggestion from dozens of internet sites with out bear in mind. Ensuing from this reality, they usually additionally generally tend to journey very quickly – the extra intuitive and acceptable your search risk may be, the less of us will journey with out looking for something.

For numerous customers, a damaged search plan is a dealbreaker. So – capitalize on that, accumulate this portion of your internet house obedient!

Remember to arrange these outcomes, too.

Refinement doesn’t finish with search options! Allow clients to refine their search outcomes along with. This might perchance seemingly additionally merely succor the entire journey by masses. The options might perchance seemingly additionally merely include “Ticket – low to excessive”, “Ticket – excessive to low,” “Reputation,” aka “Easiest Promoting,” “Featured,” “Particular person Ranking” (or “Editor Ranking” need to you’ve got not acquired customers cost merchandise), and “Trendy” or “Most simple.”

With these sorts of refinement options available, clients will have no points discovering obedient the suitable merchandise – or browse your complete choice with the filters they care referring to essentially the most.

Hint clients the merchandise they usually’ll current you their cash

Hint clients as many merchandise on one on-line web page as you are going to be in a quandary to with out slowing down on-line web page loading events vastly. Usually, right here is as quite a bit as round 50 merchandise per on-line web page.

Allow the customers to scroll free! Of us examine at a complete bunch of merchandise at any time once they window store, so mountainous product pages will succor replicate the feeling of “window procuring” – or not it’s like they might in the event that they have been procuring in a brick and mortar retailer.

Most clients can’t stand procuring in shops that don’t allow them to see the merchandise as they browse, or that current totally a few merchandise per on-line web page. The much less clicks it takes to build up the specified product, the bigger. If on the least considered certainly one of your lessons has greater than 5 pages value of merchandise, you each have a expansive retailer in any other case you place one thing very circulation.

Visuals and photographs will take the day.

There’s however one other factor you are going to be in a quandary to position to be as precise as that you just simply’re going to be in a quandary to mediate of. Hint a complete bunch up-shut photographs of the product from many quite a few angles, in order that clients can accumulate a precise in degree of reality really feel for what the merchandise seems like in precise existence. Potentialities steal to build up a way of what they’re looking for earlier than they resolve it. Love, 3D interfaces or video tales are even higher! Use each factor you are going to be in a quandary to to offer your potentialities the suitable seen examine and essentially the most data referring to the product with out bear in mind.

Visuals in every single place. supply: nike.com

Mustn’t have the mannequin or the capability to include gorgeous photographs? There are many product pictures firms that may allow you to out. Weebly presents a “{Photograph} Studio” attribute that may put Three skilled photographs of your product for obedient $9.95. There are additionally options on Fiverr and different the identical platforms – when there is a will, there is a method.

And naturally, every and every your internet house and your photographs should be simple to examine via most web-suitable gadgets, equal to smartphones. A well-optimized internet house will give your clients the liberty to retailer from any instrument, at any time.

The cell market is expansive and little doubt should not be a demographic that that you just simply should push aside. Certain – some gurus might perchance seemingly additionally merely uncover you that folk handiest browse the utilization of their telephones and every now and then ever ever ever seize. To that, I’ll acknowledge very merely – 10% is healthier than Zero and that you just simply should be distinct your internet clarify on-line guests in degree of reality really feel joyful on each instrument that’s that you just simply’re going to be in a quandary to mediate of.

An legitimate deal of eCommerce administration platforms makes it simple to transform your internet house to a cell mannequin merely by turning on a plan of their settings. Be decided you don’t fail to mark this essential portion of your market.

Be decided looking for and sharing is supreme

Assure that clients can fragment their well-liked merchandise and purchases via social media by including social media sharing capabilities to your eCommerce internet house.

This equals free advertising and marketing and advertising and marketing in your internet house at any time when a purchaser shares them! That is little doubt not one thing that you just simply should circulation over of your internet house’s plan. Many platforms attribute this as portion of their plan or have plugins available that assist you add this. You don’t even should glimpse a specific eCommerce internet house builder to position so. A number of right here is within the current day out there to build up as a separate code, so little doubt see out this chance.

Additionally – be distinct you place a great deal of emphasis on social media yourselves. A customer obtained’t obedient randomly begin sharing each product they see. By including your social media feeds on the net house and filling them with though-provoking data, tales or competitions, you are going to create your eCommerce internet house a attention-grabbing mark to comply with. By being social and though-provoking you are going to give one thing again to your internet clarify on-line guests.

Potentialities are, your retailer should not be in the slightest degree instances though-provoking enough by itself. You would all the time present one thing further.

Enjoyment of to start out a dialog or protect up with the heart beat of your customers? Encompass a spot for tales and even possibly a requirement maintain. The scheme of your potentialities is as important as a result of it should get.

Noble add a Captcha maintain or overview the suggestions earlier than publishing to guide positive of spam and/or different points.

Transparency wins hearts!

Be decided clients can see the entire transport options earlier than they originate procuring. Many customers obtained’t even retailer if they’re going to’t see this data. Rightly so, too!

Some areas might perchance seemingly additionally merely have prolonged transport events and mountainous prices. Whereas that’s disappointing, it’s important to be clear about it. Do not attempt to trick your internet clarify on-line guests, it merely obtained’t work.

Additionally, be distinct clients can see if an merchandise is in inventory earlier than they attain the checkout. There may be nothing extra disappointing than going to checkout handiest to see an merchandise is out of inventory! This roughly journey can fully lose clients and stain your recognition.

Some firms additionally generally tend to neglect that the work wouldn’t finish when the cash is acquired. By caring for the entire important particulars you are going to create larger the entire journey and create the potentialities legitimate to your mark. Additionally, be distinct – need to you ship out an expose affirmation, the entire particulars of the expose need to be integrated. Allow any errors to be corrected earlier than the expose ships.

Protect the patron up so far on the plan of their expose by electronic message in suppose that they know you haven’t forgotten them! This includes not handiest affirmation of the expose nonetheless additionally when the expose is prepared to ship and when it ships.

An excellent wanting closing contact is an electronic message letting the patron know that the package deal deal is predicted to close quickly. Place a further contact of consideration each step of the mannequin – it will most little doubt repay.

Check out, develop, evolve, alternate

Proper right here is one important step that’s inconspicuous to neglect nonetheless is completely essential to the success of your on-line web page. TEST IT OUT. Enact a full hunch via of your eCommerce internet house as a purchaser to be distinct EVERY portion of the net house is functioning as a result of it should be BEFORE you begin it. Purchase or not it’s already supreme?

Large!

Now combat via it as soon as extra.

Check out each nook and cranny, check out unparalleled motion combos and click on on random buttons in quite a few eventualities. This kind you don’t hunch the specter of shedding any new clients the day it launches obedient because of stray errors on the net house. First impressions are important, you notice.

By no means finish including new sides and merchandise to your eCommerce internet house that may proceed to plan new clients and protect newest clients coming again for extra. Too many not seemingly eCommerce internet sites allow themselves to alter into stagnant by not including something new to protect clients returning to their websites. Don’t turn into considered this sort of internet sites. Continually see new packages to develop, evolve, and alternate. You would all the time encourage pleasure.

Easiest eCommerce Platform – Conclusion

An legitimate eCommerce platform is an supreme begin as quite a bit as your internet house. nonetheless do not forget two issues.

First, take into accout that there is not any supreme acknowledge as to which platform is correct. To each their like – the listing I’ve made includes all types of eCommerce platforms obedient for this sole purpose.

For instance, BigCommerce and shopify are mountainous eCommerce platforms for trade. In the meantime, BigCartel and Etsy are extra fascinating particularly particular person customers, whereas Volusion falls someplace in between.

Whereas you would possibly nicely perchance seemingly additionally very nicely have an curiosity in your success, check out on the least a few your hottest options. This kind, you are going to want extra data earlier than correctly diving in.

And naturally, take into accout that an eCommerce platform on my own obtained’t begin you into success. It would be best to be distinct customers fully be happy your internet house and the procuring journey.

That should close to as no shock. Whereas you are going to mix the suitable eCommerce platform platform and heaps of laborious work, there’s not any stopping you and your agency.

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Become a Successful Solopreneur With These Essential Tools

Has there ever been a better time to be an entrepreneur? Between the strong economy, a growing number of sales outlets, and “side hustle” culture abounding, it’s really no wonder that small business optimism reached record levels last year. Speaking of side hustles, a recent development is the the rise of the “solopreneur” who are running businesses in their spare time before potentially turning them into full-time operations.

Of course, even if you’re a solopreneur and running the show by yourself, you may still need some help in the form of software, apps, and other tools. From legal and accounting assistance to time tracking and project management, there’s no shortage of free and paid services that lift a huge burden from business owners. With that, let’s dive into some essential tools for solopreneurs, side hustlers, and other self-employed individuals.

Legal Help and Business Filing

When you first start a side hustle, you may not have put much thought into formalizing business by creating a limited liability corporation (LLC) or other corporate structure. However, as your business grows, you’ll likely want to look into such options to help protect your personal assets from business litigation. If that sounds like a tall task, rest assured that there are now several resources entrepreneurs can utilize to not only help make them make decisions about what type of corporation they should register as but also walk them through the required processes.

Small Business Administration

First off, the U. S. Small Business Administration (SBA) can be a great resource for entrepreneurs looking for some additional advice and guidance. Not only does their website offer short, online courses about various small business topics — including what legal requirement your business will need to meet — but there may also be opportunities to seek assistance at one of their district or regional offices. All in all, the SBA is a great place to start when you’re looking to have your questions answered.

BizFilings

Whether you’ve already decided what legal structure you think is best or are still exploring your options, BizFilings is another resource and tool that can help. As its name would imply, this site assists entrepreneurs in registering their businesses as LLCs, C-Corporations, S-Corporations, and more. While basic services start at $99 plus state fees, BizFilings also offers additional services and resources available a la carte or as part of a complete package.

LegalZoom

LegalZoom has become a popular destination for all kinds of legal needs for both businesses and individuals. Like BizFilings, among the legal services that LegalZoom provides is the ability to register your business. In fact, a landing page on the site says that they’ve helped launch over 1 million LLCs. However, in addition to these offerings, LegalZoom can also help business owners protect their intellectual property with trademark registration, utility and design patent filing, and more.

Accounting Needs

Just as the matter of registering your business can seem daunting, accounting is another common area where newbie entrepreneurs (and especially side hustlers) may struggle. In fact, some gig workers may not even realize that they may need to make quarterly tax payments or that there are certain business expenses they could be deducting. Luckily, do-it-yourself accounting software is now more prevalent and affordable than ever thanks to some increased competition in the space. As a result, from bookkeeping to tax filings, self-employed individuals now have their choice of several different tools they can explore as they determine which option best fits their needs.

Quickbooks Self-Employed

Perhaps the most popular small business bookkeeping software on the market is Quickbooks, which now offers online plans in addition to their traditional desktop download software. However, with the rise of side hustles and the gig economy, Quickbooks also offers a scaled-down, lower-priced version of their online product aptly title Quickbooks Self-Employed. The Self-Employed edition offers both web and mobile app access to features that include mileage tracking, business transactions labeling, invoice generation, quarterly tax payment estimates, and more. Speaking of taxes, users can also upgrade to a tax bundle that will allow them to make quarterly payments estimated through Quickbooks and entitle them to a free annual filing via TurboTax.

Xero

Given the dominance of Quickbooks, Xero has found clever ways to lure users away. For example, the service offers Quickbooks conversion, which they say will bring your QuickBooks data into Xero within three hours. Of course, beyond that sales pitch, Xero has several other features to offer from invoicing to inventory while also being easy to use. Ultimately, the choice between the two (and our third tool below) may come down to price and preference.

Freshbooks

Last but not least is Freshbooks, which has also been growing in recent years. In addition to some of the basic features offered by Quickbooks and Xero, Freshbooks includes time tracking tools that may come in handy. Also notable is that Freshbooks boasts a number of integrations ranging from payments through Stripe to project management tools like Trello (which we’ll talk more about later). Once again, it’s worth comparing the features of Freshbooks to other options to determine which one best meets your needs.

Time Trackers

One of the best things about being self-employed is the ability to manage your own work time and create your own schedule. On the flip side of that, this freedom can lead some owners to use their time inefficiently or underestimate how much time a certain task takes — perhaps even undervaluing their services as a result. That’s why it can behoove many business owners and side hustlers to keep track of their time regardless of whether they’re reporting such figures to their clients. In addition to some services that include time tracking such as Freshbooks, here are some standalone solutions to look into.

Clockify

One easy-to-use time tracking option is Clockify. Designed to be used solo or with a team, Clockify allows you to track billable and non-billable time you spend on a project and export reports on where your time is being spent. The service also offers a desktop app, mobile app, and browser extension, giving you multiple access options. Plus, all of these features are free, while additional features (mostly for teams) can be unlocked for a monthly fee.

Rescue Time

The premise of Rescue Time is a bit different from Clockify and others in that it helps you to be more productive by tracking how much time you spend actually working compared to, well, not. With this tool, you can set productivity goals, block sites that are proving to be a distraction, and more. While some of these features are included with the free version of Rescue Time, the ability to block sites and track offline time are only available in the $9/month or $74/year plan — although there is a free 14-day trial if you want to test it out first.

Toggl

Toggl is another option for keeping track of your time, exporting reports, and more. One of the more interesting features specific to this tool is the built-in Pomodoro timer, which — if you’re not familiar — refers to a productivity method that features a rigid schedule of working and breaking. Plus, with the paid Toggl subscriptions, the tool will integrate with more than 100 other tools, including some that are on this list.

Project Management

Similar to how tracking your labor can help lead you toward more efficient operations, project management tools allow entrepreneurs of all stripes to stay organized while managing several different tasks. From keeping tracking of ideas and thoughts to collaborating with clients, these tools can often be customized to meet a number of different needs. Best of all, many of these services have free versions, enabling business owners to explore their options risk-free and/or utilize multiple tools at once to determine preference.

Airtable

Airtable is a highly customizable project management tool that can serve several different needs. Describable as superpowered spreadsheets, Airtable offers a host of templates you build from or you can start from scratch, creating sheets that will help you track projects, attach images and documents, and set due dates. You can also view this data in different forms, including a useful calendar view. Like several other tools on this list, Airtable also allows you to invite others to your sheets and syncs in real time.

Toodledo

At first glance, Toodledo might look like an email inbox. In reality, it’s a straightforward project management tool that lets you track and organize multiple tasks, share them with others, and prioritize them. Toodledo also makes it easy to back up of export your data as a CSV, XML, send to iCal, and more.

Evernote

Have you ever had a brilliant idea but didn’t have a good place to jot it down? Evernote seeks to prevent such tragedies by offering several note-taking options on multiple devices, all ending up in the same place. Moreover, Evernote allows you to add all kinds of media to your notes, such as snapping webpage content or uploading your own images. Lastly, you can create to-do lists that will hopefully help you turn your notes into a finished project.

Todoist

Like Evernote, the idea of Todoist is allowing users to create tasks even when they’re on the go. Available across several devices, Todoist makes it simple to add new items and utilizes smart word recognition tools to automatically set due dates and reminders. The service also integrates with certain digital assistants, cloud services, and other tools to boost your productivity that much more.

Trello

In my opinion, Trello can best be described as a digital corkboard, allowing you to pin up notecards and organize ideas. With the option to create multiple boards, columns, and cards, the service enables users to get as granular or as big picture as they’d like. On top of that, Trello can be great for collaboration as you can invite additional users to various boards. Also helpful is the ability to attach files to each card, making it easy to keep all of your relevant project documents in one place instead of letting them be strewn across multiple e-mails.

Automation Tools

Last but not least, one way entrepreneurs can save themselves time is by leveraging automation. No, we’re not talking about robot employees — just algorithms. You may actually be surprised how many helpful tools services such as IFTTT and Zapier have to offer. Additionally, these platforms and others may make it easier to manage your social media accounts without spending all day online.

IFTTT

Short for “If This, Then That,” IFTTT allows users to create a number of applets (formerly called “recipes”) to automate different tasks. While some of these applets may be somewhat silly — like updating your smartphone wallpaper to NASA’s photo of the day — others could potentially help you score gigs or streamline your workflow. For example one applet will e-mail you whenever a Craigslist post matches your specified search terms. IFTTT also integrates with several of the project management tools we discussed, providing even more tools and options beyond what each of these services offers on their own.

Zapier

Zapier is remarkably similar to IFTTT but does feature some additional tools. This includes the ability to create more customized automations that can perform multiple steps from one trigger. However, these added abilities come at a cost as, although Zapier does have a free service tier, more advanced Zaps (as their called) are only available with paid subscriptions. That said, there is a two-week free trial so I’d recommend trying out some potential Zaps, ensuring that they operate as intended, and then determining if it’s worth the monthly fee to keep it around.

Buffer/Hootsuite/Viraltag/etc.

Finally, one of the most common uses of automation used by entrepreneurs involves social media. As you surely know, platforms like Facebook, Twitter, Instagram, and Pinterest can all assist entrepreneurs in reaching and engaging with their customers. Unfortunately, managing all of these accounts can be a full-time job. Because of this, there are now several different social scheduling tools to be found, each with their own set of pros, cons, and features. While IFTTT and Zapier do offer some forms of social media automation — such as the ability to syndicate one post across multiple platforms — it may be worth investing in one of these scheduling tools to ensure that you’re optimizing your content for each outlet and getting the most out of social media.

Running a business on your own doesn’t mean you have to do everything by yourself! Instead, utilizing some of these various tools to help you manage your business finances, track your productivity, and organize your tasks can help you accomplish more and allow you to grow your business. As a result, you may even be able to turn your side hustle into a full-time business and go from being a solopreneur to a big time business owner.

The post Become a Successful Solopreneur With These Essential Tools appeared first on Dyer News.

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Predicting The Movement Of The Market Using Technical Analysis

Do not invest loan you can not pay for to lose. Make intelligent decisions about what you can pay for to invest, and start gradually.

Youtube Stock Trading Education

The market can be unreliable at times. Consider buying different types of stocks and in different fields. A part of the cash ought to be put into electronically traded index funds. If one sector is not doing well a person might be able to generate income in another sector and lessen the amount of cash they have actually lost.

Stock Trading Education

"This is one of the must have books for any type of investors. This book target market from amateur to expert traders. If you are skilled trader, this definitely will fill the space's in your understanding, if you are amateur trader it offers very excellent structure".

Imagine understanding exactly what the specialists know, this will give you the self-confidence to be able to make your own decisions and bring them through. They say "understanding is power" this training course will offer you the understanding you actually require.

Even skilled investors can benefit from the instructional resources used by each of these brokers. All the sites we reviewed provided some combination of blogs, webinars, short articles and courses about investing. This type of info is important in teaching you how to purchase stocks online. The very best brokers had searchable archives and updated continuously. Fidelity and E * TRADE are 2 of the brokers that impressed us the most with the details they supplied to financiers.

Stocks For Beginners

Why does the market lurch from boom to bust and regularly wipe out peoples pension funds? Knowing why the marketplace moves in the way it does and how to anticipate its relocations is really powerful. You will discover the special methods master over the last 50 years to help you achieve this.

Stock Trading Education

We consisted of margin rates however did not factor them into our scoring. The interest you'll pay on a margin account varies depending upon how much loan you have in your account. Margin rates fluctuate depending on a range of external financial factors.

There is also the technical analysis report. This will reveal patterns in the stock exchange and how the rate change. These two reports must be utilized together to make informed trade choices. Also prior to purchasing stock from a business make certain to look into the business to make sure they are steady. This is even real with online stock trading.

Before trading, think about the funds financial investment goals, expenses, risks, and expenditures. Contact Fidelity for a prospectus or, if used, a run-through prospectus containing this info. See clearly carefully. The Equity Overview Score is provided to informational purposes only, doesn t represent advice or assistance, and it is perhaps not a recommendation or ...

Stock Options Trading Education

Discovering how to trade begins with education. Reading the news and financial sites, listening to podcasts and watching investing courses are all exceptional ways to collect info. Joining a local financial investment club will give you the chance to discuss your education with more experienced traders. A list of some suggested resources is offered at the end of this article.

We searched for online brokers with an identifiable brand name, a mobile app and an online platform. We https://en.search.wordpress.com/?src=organic&q=stock market trading workshops just compared trading platforms that consist of analytic tools and alternatives trading. For this factor, we did not assess less versatile brokers such as Robin Hood and Motif. We got in touch with each broker in our contrast to obtain access to their trading platform so our customers could test all the functions and not a scaled-down demo.

If cost is among your main issues when trying to find an online broker, Fidelity, our Top Ten Reviews Silver Award winner, is one of the standouts. Basic trades of stocks cost $4.95. Fidelity offers a range of commission-free ETFs handled by Fidelity or iShares if you are interested in trading ETFs. Other ETFs will cost $4.95 to trade. Alternatives traders will pay $4.95 per trade plus $0.65 per contract. One drawback is that Fidelity needs an initial financial investment of a minimum of $2,500, which is much greater than other brokers we evaluated.

Like all services, the stock exchange runs on a system of supply and demand. Your hope is that other traders end up being more excited to own a share of that company over time when you acquire stock. When the stock's popularity boosts, traders will complete to own it and bid up the list price. In theory, a rising share cost is the outcome of improvements in the company's worth and capacity, likewise called its principles. In reality, stock rates alter for any number of reasons, just a few of which financiers are able to predict. [What is NASDAQ?]

Stock trading and online investing deal fantastic prospective for making money. Selecting the ideal broker can be a challenge. We've tested each of these 12 brokers, utilizing their online and mobile platforms, examining their tools and comparing prices to come up with this ranking of the very best online stock trading brokers.

Stock Trading Education Programs

"My girlfriends dad advised me about Barry's book which I will have a look at it. All I ever considered trading has actually altered immedialy when I began reading the book and I was stunned how easy it was for me to check out and more notably, likewise to comprehend! It's the handbook every succesful trader ought to have!"

You will discover how the analysts believe and likewise what the other market individuals think. Understanding the madness of crowds and market sentiment will give you your own unique perspective on the markets.

Finest Online Stock Trading Education

Title: 1897 farmers brochure of berry plants Identifier: CAT31282618 Year: 1897 (1890s) Authors: L. J. Farmer (Firm); Farmer, L. J; Maplewood Fruit Farm; Henry G. Gilbert Nursery and Seed Trade Catalog Collection Subjects: Nursery stock New York (State) Catalogs; Fruit Catalogs Publisher: Pulaski, Oswego County, N. Y.: L. J. Farmer Contributing Library: U.S.

Stock Market Trading Education Reviews

Mobile Apps: Mobile stock trading is ending up being more and more popular, so an excellent app is very important to search for. Quality apps offer portable variations of the primary platform, permitting you to trade, set alerts and fund accounts on the go. Mobile apps that scored low https://www.washingtonpost.com/newssearch/?query=stock market trading workshops typically didn't allow us to set notifies or add funds to our trading accounts.

Finest Mobile Trading App E * TRADE offers a mobile app that ranks among the very best we evaluated. The app offers you much of the features of the main platform, including advanced quotes, watch lists and stock screeners. Alerts can be created and customized through the app, and E * TRADE's mobile app syncs with the online platform, so any watch lists you've made on one platform shows up on the other.

To check online trading services, our reviewers utilized the desktop platform and mobile app from each broker. Our reviewers varied substantially in trading experience. Each reviewer started by making a basic trade then establishing watch lists and alerts. Next the customers moved to innovative trades and established choice chains. They analyzed the charting tools then wanted to see how easy it was to connect to a bank and to tax programs. They followed that same treatment with the mobile apps.

Consider investing in different types of stocks and in different fields. Standard trades of stocks cost $4.95. Stock trading and online investing offer terrific potential for earning money. Mobile Apps: Mobile stock trading is ending up being linkedin.com/in/todd-h-rampe-06255842 more and more popular, so a good app is important to look for. The app offers you many of the features of the main platform, consisting of sophisticated quotes, watch lists and stock screeners.

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If You Don’t Want to Be Fired From Your Startup, Founders Should Remember These 3 Things

It’s a sad reality, but many chief executives and company founders get fired. Even the great ones like Apple’s Steve Jobs and JetBlue’s David Neeleman get pushed out.

However, for any founder who wants to beat the odds and keep his or her position through the initial public offering and beyond, the best route to success is having a strong relationship with their board of directors.

It’s tough for any chief executive to enjoy an extended tenure leading a high-potential venture, according to Harvard Business School Professor Noam Wasserman. Indeed, he says, “People like Bill Gates and Larry Ellison, who are able to lead their companies for quite a while, get all the attention because they are rare, not because they are typical.”

Most chief executives, especially those running startups, think that managing relations with their board is as simple as hitting their numbers, whether that’s growing the firm’s valuation, increasing profit, revenue or market share. However, even a gifted leader who is beating performance targets can still get fired if she isn’t in sync with the board on three things — trust, risk and alignment. That’s something I learned from Dave Strohm, who’s seen it all while sitting on boards as a Greylock Partners venture capitalist.

Trust

Chief executives often miscalculate who on the board will trust them in different circumstances and, therefore, which board member needs the most attention. Imagine the case of a former engineer turned CEO with a board including a VC with a business background and a former boss who runs the engineering group at a major technology company. When making the decision to fire the startup’s vice president of engineering, the CEO might think the VC would need more attention than her old boss. However, her old boss is more likely to have strong points of view on managing engineering teams and may even share a professional network with the VP. Therefore, the old boss may not “trust” the decision without being consulted in advance. The VC, on the other hand, is unlikely to have firmly-held engineering opinions and so is more likely to trust the CEO on this issue.

Risk

Incorrectly assessing which actions are risky enough to bring to the board’s attention can also cost CEOs their role. In the case of firing the VP of engineering, a CEO has three choices: Fire the VP and inform the board later, consult with board members individually in advance, or take the issue to the entire board to seek its input and approval in advance. The smart approach depends on the board’s view of the risk entailed in this decision. For example, if engineering is not central to a startup’s competitive advantage, board members are likely to view this as strictly a management decision that the CEO can make without board input. However, if the startup’s edge comes from technology innovation, then firing the VP of engineering could threaten the company’s existence and the board will likely want the opportunity to review the decision before it is executed.

Alignment

When the CEO and board are not aligned on a decision, extra coordination becomes crucial. First, a CEO should work to have substantially similar goals as the board. However, this is not always possible. For example, entrepreneurs and VCs may have different views of what constitutes an acceptable financial “exit.” A $40 million sale of a startup might be a life changing outcome for the CEO, but inconsequential to a VC’s fund returns. Likewise, when it comes to raising an inside round — new funds come from existing investors — VC board members and CEOs often have different agendas. Simply stated, CEOs often want a higher price and existing investors want a lower price. The most amicable way to resolve this difference is to find a new investor to price the round, but inside rounds often occur when no new investor can be found.

Smart entrepreneurs create alignment by design before taking an investment. When Tom Chavez founded Krux, he was concerned he would have trouble convincing top tier venture firms to offer term sheets. His entrepreneur-in-residence status at renowned Accel Partners made them the “heir apparent.” This status ran the risk of scaring off potential investors who viewed Accel as being in a privileged position to match any offer and win the Krux investment opportunity. Worse, if a top tier fund like Accel leads a seed round, the market expects it to lead the Series A if the startup is doing well. Yet again, Krux would run the risk of scaring off potential investors and face a Series A valuation set by an existing board member.

To avoid this misalignment, Chavez sought financing outside the “usual suspect” large venture firms in Accel’s competitive ambit. Instead, he worked with my firm, seed stage-focused Ulu Ventures, and angel investors to raise a $2-million seed round to ensure early investors were aligned with his goals. The market would not expect any of these seed investors to lead Krux’s Series A. Accel did eventually lead the Series A round, but through a competitive process allowing Chavez to assess the market price for his startup with the full support of his prior investors. By carefully managing alignment with both current and future board members, Chavez was able to stay the course through the firm’s eventual sale to Safesforce for over $800 million.

Most CEOs are fired or leave their position between raising VC money and the eventual IPO of the firm. Research by Harvard’s Wasserman reveals that by the time startups are 3 years old, 50 percent of founders are no longer CEO and by the IPO fewer than 25 percent still lead their company.

CEOs who want to avoid that fate should ask themselves when making all major decisions:

Will board members trust my expertise and experience in making this decision?

Will board members view this decision as posing great risk to the company?

Are my interests in this decision aligned with the interests of board members?

  Source: entrepreneur.com

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Explaining a Paradox: Why Good (Bad) Companies can be Bad (Good) Investments!

In nine posts, stretched out over almost two months, I have tried to describe how companies around the world make investments, finance them and decide how much cash to return to shareholders. Along the way, I have argued that a preponderance of publicly traded companies, across all regions, have trouble generating returns on the capital invested in them that exceeds the cost of capital. I have also presented evidence that there are entire sectors and regions that are characterized by financing and dividend policies that can be best described as dysfunctional, reflecting management inertia or ineptitude. The bottom line is that there are a lot more bad companies with bad managers than good companies with good ones in the public market place. In this, the last of my posts, I want to draw a distinction between good companies and good investments, arguing that a good company can often be a bad investment and a bad company can just as easily be a good investment. I am also going argue that not all good companies are well managed and that many bad companies have competent management.

Good Businesses, Managers and investments Investment advice often blurs the line between good companies, good management and good investments, using the argument that for a company to be a "good" company, it has to have good management, and if a company has good management, it should be a good investment. That is not true, but to see why, we have to be explicit about what makes for a good company, how we determine that it has good management and finally, the ingredients for a good investment.

Good and Bad Companies There are various criteria that get used to determine whether a company is a good one, but every one of them comes with a catch. You could start with profitability, arguing that a company that generates more in profits is better than generates less, but that statement may not be true if the company is capital intensive (and the profits generated are small relative to the capital invested) and/or a risky business, where you need to make a higher return to just break even. You could look at growth, but growth, as I noted in this post, can be good, bad or neutral for value and a company can have high growth, while destroying value. The best measure of corporate quality, for me, is a high excess return, i.e., a return on capital that is vastly higher than its cost of capital, though I have noted my caveats about how return on capital is measured. Reproducing my cross sectional distribution of excess returns across all global companies in January 2017, here is what I get:

Blog Post on Excess Returns

To the extent that you want the capital that you have invested in companies to generate excess returns, you could argue that the good companies in this graph as the value creators and the bad ones are the value destroyers. At least in 2017, there were a lot more value destroyers (19,960) than value creators (10,947) listed globally!

Good and Bad Management

If a company generates returns greater (less) than its opportunity cost (cost of capital), can we safely conclude that it is a well (badly) managed company?  Not really! The “goodness” or “badness” of a company might just reflect the ageing of the company, its endowed barriers to entry or macro factors (exchange rate movements, country risk or commodity price volatility). The essence of good management is being realistic about where a company is in the life cycle and adapting decision making to reflect reality. If the value of a business is determined by its investment decisions (where it invests scarce resources), financing decisions (the amount and type of debt utilized) and dividend decisions (how much cash to return and in what form to the owners of the business), good management will try to optimize these decisions at their company. For a young growth company, this will translate into  making investments that deliver growth and not over using debt or paying much in dividends. As the company matures, good management will shift to playing defense, protecting brand name and franchise value from competitive assault, using more debt and returning more cash to stockholders. At a declining company, the essence of “good” management is to not just avoid taking  more investments in a bad business, but to extricate the company from its existing investments and to return cash to the business owners. My way of capturing the quality of a management is to value a company twice, once with the management in place (status quo) and once with new (and "optimal" management).

I term the difference between the optimal value and the status quo value to be the “value of control” but I would argue it is also just as much a measure of management quality, with the value of control shrinking towards zero for “good” managers and increasing for bad ones.

Good and Bad Investments Now that we have working definitions of good companies and good managers, let’s think about good investments. For a company to be a good investment, you have to bring price into consideration. After all, the greatest company in the world with superb managers can be a bad investment, if it is priced too high. Conversely, the worst company in the management with inept management may be a good investment is the price is low enough. In investing therefore, the comparison is between the value that you attach to a company, given its fundamentals, and the price at which it trades.

As you can see at the bottom, investing becomes a search for mismatches, where the market's assessment of a company (and it's management) quality is out of sync with reality. 

Screening for Mismatches If you take the last section to heart, you can see why picking stocks to invest in by looking at only one side of the price/value divide can lead you astray. Thus, if your investment strategy is to buy low PE stocks, you may end up with stocks that look cheap but are not good investments, if these are companies that deserve to be cheap (because they have made awful investments,  borrowed too much money or adopted cash return policies that destroy value). Conversely, if your investment strategy is focused on finding good companies (strong moats, low risk), you can easily end up with bad investments, if the price already more than reflects these good qualities. In effect, to be a successful investor, you have to find market mismatches, a very good company in terms of business and management that is being priced as a bad company will be your “buy”. With that mission in hand, let’s consider how you can use multiples in screening, using the PE ratio to illustrate the process. To start, here is what we will do. Starting with a very basic dividend discount model, you can back out the fundamentals drivers of the PE ratio:

Now what? This equation links PE to three variables, growth, risk (through the cost of equity) and the quality of growth (in the payout ratio or return on equity). Plugging in values for these variables into this equation, you will quickly find that companies that have low growth, high risk and abysmally low returns on equity should trade at low PE ratios and those with higher growth, lower risk and sold returns on equity, should trade at high PE ratios. If you are looking to screen for good investments, you therefore need to find stocks with low PE, high growth, a low cost of equity and a high return on equity. Using this approach, I list multiples and the screening mismatches that characterize cheap and expensive companies.

Multiple Cheap Company Expensive Company PE Low PE, High growth, Low Equity Risk, High Payout High PE, Low growth, High Equity Risk, Low Payout PEG Low PEG, Low Growth, Low Equity Risk, High Payout High PEG, High Growth, High Equity Risk, Low Payout PBV Low PBV, High Growth, Low Equity Risk, High ROE High PBV, Low Growth, High Equity Risk, Low ROE EV/Invested Capital Low EV/IC, High Growth, Low Operating Risk, High ROIC High EV/IC, Low Growth, High Operating Risk, Low ROIC EV/Sales Low EV/Sales, High Growth, Low Operating Risk, High Operating Margin High EV/Sales, Low Growth, High Operating Risk, High Operating Margin EV/EBITDA Low EV/EBITDA, High Growth, Low Operating Risk, Low Tax Rate High EV/EBITDA, Low Growth, High Operating Risk, High Tax Rate

If you are wondering about the contrast between equity risk and operating risk, the answer is simple. Operating risk reflects the risk of the businesses that you operate in, whereas equity risk reflects operating risk magnified by financial leverage; the former is measured with the cost of capital whereas the latter is captured in the cost of equity. 

The Bottom Line 

If the length of this post has led you to completely forget what the point of it was, I don’t blame you. So, let me summarize. Separating good companies from bad ones is easy, determining whether companies are well or badly managed is slightly more complicated but defining which companies are good investments is the biggest challenge. Good companies bring strong competitive advantages to a growing market and their results (high margins, high returns on capital) reflect these advantages. In well managed companies, the investing, financing and dividend decisions reflect what will maximize value for the company, thus allowing for the possibility that you can have good companies that are sub-optimally managed and bad companies that are well managed. Good investments require that you be able to buy at a price that is less than the value of the company, given its business and management. Thus, you can have good companies become bad investments, if they trade at too high a price, and bad companies become good investments, at a low enough price.    Given a choice, I would like to buy great companies with great managers at a great price, but greatness on all fronts is hard to find. So. I’ll settle for a more pragmatic end game. At the right price, I will buy a company in a bad business, run by indifferent managers. At the wrong price, I will avoid even superstar companies. At the risk of over simplifying, here is my buy/sell template:

Company's Business Company's Managers Company Pricing Investment Decision Good (Strong competitive advantages, Growing market) Good (Optimize investment, financing, dividend decisions) Good (Price < Value) Emphatic Buy Good (Strong competitive advantages, Growing market) Bad (Sub-optimal investment, financing, dividend decisions) Good (Price < Value) Buy & hope for management change Bad (No competitive advantages, Stagnant or shrinking market) Good (Optimize investment, financing, dividend decisions) Good (Price < Value) Buy & hope that management does not change Bad (No competitive advantages, Stagnant or shrinking market) Bad (Sub-optimal investment, financing, dividend decisions) Good (Price < Value) Buy, hope for management change & pray company survives Good (Strong competitive advantages, Growing market) Good (Optimize investment, financing, dividend decisions) Bad (Price > Value) Admire, but don't buy Good (Strong competitive advantages, Growing market) Bad (Sub-optimal investment, financing, dividend decisions) Bad (Price > Value) Wait for management change Bad (No competitive advantages, Stagnant or shrinking market) Good (Optimize investment, financing, dividend decisions) Bad (Price > Value) Sell Bad (No competitive advantages, Stagnant or shrinking market) Bad (Sub-optimal investment, financing, dividend decisions) Bad (Price > Value) Emphatic Sell

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The retail and e-commerce industry is a highly dynamic and competitive space. Companies within this domain face the continuous challenge of pricing their products right to maximize profitability while staying attractive to their customers. In this context, pricing becomes a critical element of their strategy. Let's delve into some of these challenges: 

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Customer Behaviour and Expectations: Today's consumers are more informed and price-sensitive than ever before. Their buying behaviour can change rapidly in response to various factors, including promotions, discounts, and market trends. Retailers must be agile in responding to these changes. 

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B2B Price Optimization and Management Software: A Necessity 

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