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The Top Ecommerce Platforms to Grow your Business

Year-by-year, the advancement in the ecommerce technology make it clear that creating your identity over the World Wide Web is not enough. To match your steps with the high competition, you have to take one step further in the direction of attaining new heights in the business. If you sell your products directly to a customer, it might be they are not even in interested to hear you and therefore to explain your point of view to them you have acted smartly. To make a successful online store front there are so many Ecommerce Platforms out in the market that makes your work faster than ever before and give you high-end results. You don't need to confuse among its platforms, take a look on the top-best and choose the one that suits your business needs well.

                                           

Shopify: It is the first entrant to the list because of its huge popularity among the ecommerce developers. It is one of the simplest and most used platforms that allow setup an online store effortlessly. It's quick installation; functions, flexibility, fast loading speed and secure payment gateway stand it apart from others. Along with this, it automatically generates an XML sitemap and allows titles or Meta Tags to prevent duplicity to make an SEO-friendly website.

                                                    

Woo Commerce: It is a second best option for your ecommerce website, which is totally customizable and offers you a shopping cart and payment gateway, to make purchasing easier for buyers. It is one of the most used WordPress Plug ins, which is absolutely free to use and offer countless benefits for your online store front.

                                             

BigCommerce: It is a little bit similar to Shopify, besides that it has so many other features than that. It is a perfect ecommerce platform, especially for the startup companies. It allows you to add as many products as you want and also give a review and rating cards and basic marketing tools for the success of your e-store.
                                 

Magneto: It is the world's most popular ecommerce platform, which can easily get fit into the needs of small or large enterprises and make it the most scalable platform on this list. It is an open source platform and therefore, free to use, which increase its reputation among many developers around the world. Moreover, it will give you the best solution, which you are looking for your online store with its countless benefits.

So, which platform you want to switch for your online business? Choose any of the above and it will give you the countless benefits, which are even beyond your expectations. So, what are you waiting for? Choose the best one and allow your business to fly high. You can also take the help of a prominent Ecommerce Website Designing Company.


source:Gunjan Singh

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Top 6 Reasons to Trade Currency

As the currency market is the largest financial market, you can get a number of benefits by investing in this market. Some of the reasons to invest in this market are discussed in this article such as easy entry, trading hours, huge profits and many more.   

Many investors are turning towards investing in the global currency markets, since the big slide in the U.S dollar took place in 2002. As this market is always open at some place or the other trading in these markets is a round-the-clock affair. There are a number of advantages that trading in these markets have. Some of them are discussed below.

Size of the market

The currency market can be considered as the largest financial market in the whole world. Everyday, nearly 2 trillion dollar is traded in this market. The liquidity of this huge market allows you to enter and exit your positions easily and without any difficulty. So you don’t need to worry about the price jumping too far before your trade is executed. Because of the large size of the market, it is difficult for any single group to come in and manipulate the market. This suggests that your analysis of demand and supply will probably be more accurate. 

Easy entry

With an account as small as 250 dollars, you can get started in the currency market. In order to start making great returns on your investment, you don’t require having a lot of money. Anyone can take part in the currency market and take advantage of it. 

Potential of profit

The potential of profit is what every trader wants to hear, and this market has a lot of it. It does not matter whether your currencies are going up or down, you can make money no matter what. All you have to do is to place your bets on a currency pair, if you see that it is going up. And, you have to sell it, when you see that the currency pair is going down. It is not that difficult. 

Trading hours

The currency market is open 24 hours a day and 5 days a week. So, if you go to school during the day or work at night, you can still find time to trade currencies. Also, at different times throughout the day, different currencies are more active. So whenever you find time to trade, there is bound to be something that you can take advantage of. 

Tax benefits

Presently, it is your current tax rate that the short-term capital gains are taxed at. And, at only 15%, your long-term capital gains are taxed at. Obviously, it is an advantage to pay less in taxes. In the foreign exchange market, it does not matter whether you are taking you profits two minutes after you enter a trade, or two months after you enter a trade. This is because, the first 40% of your profits will be taxed at short-term capital gains rates, and the remaining 60% will be taxed at long term capital gains rates. 

No commissions

While trading currencies, you never have to pay a sales commission. You will be charged a commission by stock brokers and even discount stock brokers, for every trade you place – to get out of a position and also to get into a position.

So these are the advantages you will get if you trade currencies.



source:
Kamelina Cruise

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Have Success Working At Home With This Advice

Having a home business presents many unique challenges and rewards. Not only do you have to take care of the actual product or service that you offer, you also need to take care of the administrative and marketing duties as well. Here are some tips to help keep your home business going.

                                               

Make a plan for your home business before you just go jumping in. If you know what you're going to do and when you're going to do it, you'll be much more likely to meet your goals. Starting a business without a plan is like trying to drive to an unknown location without a map - even if you know where you'd like to end up, you probably won't get there in any reasonable time frame.

It is essential to know the cost of production for any products that you sell. To determine the wholesale price increase, multiply your cost by two. Businesses that purchase goods from wholesalers generally charge twice the amount they have spent on goods. Try and establish a price-point that benefits both you and the consumer.

                                               

When working from home, remember to keep on top of your personal appearance. Running a home business has the potential to be fulfilling, but if you prioritize work over yourself, your self esteem could surface. Continue to shower every morning, get regular exercise, and limit snacking. These tips can boost your view of yourself as well as how others see you!

Don't forget the paperwork. Make sure you have filled out all local and state requirements to operate your home business. All of these forms will ensure that you don't fall into trouble and you'll appreciate having done things the right way at tax time. Make sure to keep duplicates of everything.

                                                

Treat yourself like a professional. Have business cards made, sign your e-mails with a proper title, and go through your entire day making decisions as if you worked at a corporate building. Your business is run from your home, but you must still carry yourself as a professional so that potential customers and clients will regard you as such.

                                 

Seek out a mentor. A mentor is someone who has been where you are. A mentor can lend a kind ear or give you business advice. There are many organizations full of experienced people who would like to help people just starting out; all you have to do is ask.

                                         

Keep a record of your business related mileage. You can use this information to receive a tax break. They credit you per mile that you drive, which adds up to a nice sum at the end of the year. Create a spreadsheet to help you with this process and keep a copy in your car to remind you to write down your information at the end of a trip.

                                        

Use these tips to help keep your home business going. A home business can be frustrating at times, but the independence that you have to really make your business shine is something that no one else can replace. Just make sure you handle all parts of your business and your business will do well.

Article Source:

Kurt Tasche

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Don Peppers - Building Trust

Effective Tactics to Succeed in Online Marketing

                                                      

Online marketing industry is growing at a rapid pace in the world now. Companies are joining in online marketing to promote products in online media quickly. It is considered the safest of promoting the products in online media to increase traffic and sale of products. Website is required by the companies to promote the products online to reach to maximum audience in web. Consumers are using online media in getting essential items from market instead of going to physical stores. But, it is not easy to achieve success in online marketing without taking help of marketing experts. There is a stiff competition among companies to gain top spot in search result and achieve success. Special strategies are essential to deliver success in marketing immediately. Otherwise, it would be simply a waste of money for the companies without getting success in online media. 

                                                     

Let us look at the effective strategies helpful in achieving success in marketing immediately.

Everything is being sold online with easy access of internet these days. The whole world is going online to get information as well as purchasing essential products. Companies can’t ignore this field to survive in the future market. This is because marketing experts are predicting that future market will be dominated by online marketing instead of physical stores. Online business is being created by companies but need experts to optimize and deliver success immediately. Online marketing company helps should be taken to deliver services that accelerate growth and increase of sale. Marketing experts should be hired to make strategies essential to reach to potential customers and deliver success immediately. It is a special service that enables the businesses to achieve success in marketing immediately. But, it is essential for the companies to hire marketing expert to get desired result quickly.

                                                

Website is the prime requirement of companies to promote products in online media. Millions of websites are being created by companies to use for promoting the products. Normal websites are ignored by visitors and search for best sites to get their essential information. Apart from that, website need to be unique, attractive, informative, and even advanced to provide better using experience to visitors. Nobody loves to browse site creating obstacles in web. Website design is important for the companies to allure the consumers and convert into customers. A good designed site conveys the message of companies to potential customers and brings to converts. Research the market to find out preference of consumer to add in the design and allures nicely. Expert designers need to be hired to get the desired site and achieve success in marketing.

                                     

It is not easy to achieve success in marketing immediately without proper strategies. Even an attractive website can’t bring success in online business unless rank higher in search result. Top ranked website gets most traffic, visibility, engagement, credibility, and sale of products in market. Every company is trying hard to increase ranking of website but in vain. SEO services are required by the companies to achieve higher ranking in search result. Experts optimize the website according to latest guidelines to create signal for ranking in search result. Take help of our SEO experts in increasing the ranking of website and achieve success immediately.

 

 

 

 

 

source:
Rajat

Mindset

ways to protect your online business

This technology driven era is quite susceptible to potential security threats from hackers and cyber criminals. The one particular sector which obviously stands at greater risk is the eCommerce business.

 faster checkout systems plus easy buying and selling options facilitated online, people nowadays resort to greater amount of online shopping and transactions, thus creating significant chances of security breaches and attacks. Listed below are some ways to protect your eCommerce site from cyber criminals so that neither you nor your valuable customers face any sort of data or financial loss. Read them and adopt them as part of your Ecommerce site development strategy in order to keep your Ecommerce business fully safe and away from becoming a cybercrime victim.

• Opt For A Secure Platform

No doubt, there are a lot of open source platforms out there which make eCommerce website development and hosting easy. However, the risk involved in open source platform is that everyone has access to the strategic source code implementation. Hence it is highly advisable to resort to Object Oriented Programming based platforms for building your Ecommerce site in order to eliminate any chances of leaks and loopholes.

• Ensure Payment Card Industry (PCI) Compliance

Online shopping is primarily dependent on strong security measures, both for the eCommerce store and the customers who come to the store to shop for their desired products. PCI compliance provides for a better security option by enabling a secure checkout system. This helps protect the site from any potential sneak-in of cyber criminals into the payment details and transactions of the customers.

• Incorporation Of Strong Passwords

Most passwords employed by customers during the ‘Signup’ process are usually simple and quite easy to guess. Incorporation of better and stronger password often makes it difficult to crack. It is also considered that greater the length of the password and greater the complexity of characters used, lesser are the chances of security breaches into the system.

• Use End-to-End Encryption

Encryption means those algorithmic procedures which manipulate the data for complex restructuring using specific public and private keys. This ensures that even if the hacker attacks the line of communication, he /she would not be able to successfully decipher the encrypted data. Thus, one can easily avoid any security breach, by implementing such highly effective encryption codes for every channel of communication between the customer and the business-end accordingly.

• Discard Sensitive Data

There is absolutely no need of keeping any sensitive data like credit card information of the customers, their identification numbers if any, customer’s personal information, etc. in the database. This will keep off the cyber criminals from accessing your database. Moreover, even if they at all succeed in cracking up the database, they would not find any customer information relevant to their ‘ill-intentions’.

• Suspicious Activity Alerts

Implementation of a highly effective notification based system whenever the site detects any unauthorized or suspicious activity is crucial for the System Administrators to detect any threat or attack. Such notifications or suspicious activity alerts will help the administrators to immediately take anti-cyber attack steps. This will ultimately stop the particular cyber criminal from achieving his/her objective.

• Implement Penetration Testing

Penetration Testing refers to ethical hacking schemes wherein a set of white hat hackers are deployed to detect any gaping security holes in the system. Incorporation of such professional hackers also ensure that there is a complete ‘proofreading’ of your eCommerce website security standards. This paves way for better security features of your eCommerce business on the whole.

• Perform Constant Monitoring

Monitoring of your eCommerce website 24*7 helps in instant detection of any security breach. Constant monitoring also gives a better insight into the website performance levels, depending upon which the required corresponding statistics can be changed or modified for enhanced customer data security and customer satisfaction.

• Keep ‘Updating’

It is essential that your eCommerce website stands totally compliant to the latest software updates released by the eCommerce platform. This will help you in improving the performance levels of your eCommerce site. Moreover, installing the updates is also a foolproof way of making your eCommerce site more safe and secure, away from the clutches of cyber criminals.

• Provide Security Training

Employees, when empowered to deal with any security breach situations, can perform with the greatest efficiency to fight the situation to quite a great extent. Providing the necessary security training to the employees/staff of your eCommerce business guarantee that they will never fall prey to any fraud. Such a security training will also help the employees/staff to take emergency measures as soon as any hacking or attack is reported. This will give you time to rope in a Cyber Security Expert to clear the mess! 

With the latest technological advancement, there has been some significant rise in cybercrime activities, especially on online businesses. Such things can be dealt with successfully only when one is equipped with the foundational knowledge about such crimes and how to avoid them. You should also be aware of the latest eCommerce software solutions provider so that you can select the best for building your eCommerce site. For this you can visit the Best eCommerce Platform Software listing given on SoftwareSuggest. Thus, it is highly mandatory that every eCommerce business owner adopts the above mentioned security measures, so that they can safeguard their eCommerce business and thereby gain greater financial growth and success!!

Tom Hua on Making Internet Money

How to Get Sophisticated for Successful Email Marketing

Reach new audience & customers with an effective email marketing plan. Email Marketing can turn out to be another profitable source for your business. 

 

In the earlier times, marketing is the most challenging work in any business. People use to travel to different places and meet different people living around there to market their business. They use to make their business card to pass on to people, and some of them used other ways of passing flyers to the homes around the city or town. But in today’s world, the internet facility has changed the lives of the people; now the businessmen use to market their business online for better sales and advertisement. The term email marketing has changed the whole scenario of the world. Here, in this article, I will discuss some tips for getting sophisticated for successful email marketing.

Measure Everything

                                                 

When it comes to email marketing, you have to measure everything. With the help of an advanced email marketing model you can measure the possible financial impact of several improvements in the below-mentioned areas;

• Size of your email list
• Number of active subscribers
• Number of inactive subscribers
• Conversion rates
• Open rates
• Click-through rates
• Earnings
• ROI (Return on investment)

Develop an extensive email list

It’s a fact that, if you succeed in making a solid email list, then your blogging business will go a long way. Certainly, the best way to spread your content, attract quality traffic and generate more leads to your site or blog is via email marketing strategy. In addition to sending timely newsletters, you can also develop quality email content to reap more benefits.

You can build a larger email list by;

• Offering a freebie to draw new readers
• Add a “Join our Newsletter” box to your blog
• Use mass email tools, such as Send Blaster, Mailchimp, or SandGrid.

Increase Open Rate

Now the next step is to push subscribers to click on your email. Here are some of the primary drivers of open rates;

From and address lines – If you want to build a long-term relationship with your subscriber, you have to provide them valuable and relevant content on a regular basis. In this way, they’ll prefer to open up and read your email.

Subject line – Try to keep the subject line attractive as it gives the subscriber an excellent first impression. It should be catchy, which makes them think they’ll miss out something if they don’t read your email.

Preview pane – It is situated in the top inch of your email which gives the reader an idea of what your content is all about. You can also call it ‘marketing plan description.' You can increase the open rates by creating an attractive yet effective description of your promotion. You can also add photos or images and use ‘Alt’ to illustrate them.

Optimization Of Click-through Rates

Now comes the optimization of your click-through rates where you have to push the recipient to click through to your promotion. Even though there are a lot of factors that can impact click-through rates, I’ll mention some of them;

• Try to keep the content personal and relevant
• Give some incentive with the offer
• Try to communicate clearly instead of being persuasive
• Don’t copy too much
• Tell the reader why you’re better than your competitors

Avoid using reverse text when it comes to the design

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Art of Selling with Rich DeVos

Basic Plans For Your New Business

A good marketing objective follows a simple outline. 
One that we use is called SMART.
                   

Here are the basic principles:

Specific - Your objectives should be stated in a precise way.  What exactly are you trying to achieve?
Measurable - Each objective should be quantifiable.  This should include percentages, dollar amounts, new clients, or any other measurement that provides a benchmark that is measurable
Achievable - Are your objectives reasonable in terms of what you can actually achieve or are you setting your sights too high?
Realistic - Do you have sufficient employees and resources to achieve the objectives you have set, if you don’t then they are likely to be unrealistic
Time specific - This final point is critical to your success. Make sure that your objective states a date or time-frame that you would like to reach this objective.

                                

 
Like any other marketing, sales or business objective, social media should have its own set of tangibles.  Although there are many objectives that one can measure or reach for, below we have listed some of the most common.

• Establishing thought leadership
• Increased sales
• Building awareness
• Increased reach
• Launching  new services or products
• Research
• Insight
• Improved SEO (Search Engine Optimization) rankings
• Providing customer support
• Competitive analysis
• Improved client relations
• Generating leads Establishing Thought Leadership

People are more willing to buy product or use services offered by a company that presents itself as a leader in their industry or area of expertise.  Brand loyalty comes from building that trust.  Trust is built through transparency and information sharing.  Show your existing and potential clients that you are the expert.  Ways to create more influence can include: maintaining an active blog, contributing to guest blogs, speaking at conferences/events, launching a podcast or webinar series, or answering and engaging in social media questions and comment threads.Increased Sales

Do you want to measure growth in units, dollars or percentages?  Maybe you would like to measure the per customer spend or percentage of profits.  Another way to measure could be the close ratio of your sales force (i.e. number of sales obtained versus the number of offers or quotes tendered.)Building Awareness

Does your audience know what your brand stands for?  What is your value proposition? Brand awareness is the degree to which customers associate your brand with a particular product or service.  This goal is the cornerstone to influence and lead generation.Increased Reach

How far is your message spreading?  If you have a set group of clients that you maintain conversations with, make sure to target them in your communications.  You should also be trying to penetrate different markets and gain a loyal following, which will help your company generate new sales.  Remember,  you will not sell anything if no one knows about your offerings or you.
Launching New Products or Services

You have spent the entire year preparing for a new product launch.  Your sales, marketing, research and director level divisions have laboured endless days, months and hours to finalize this roll-out.  Why not create a marketing objective that measures how effective your various marketing and sales platforms are in launching this service or product?Research

With today’s information being so available, a viable objective could be to measure competition, strategies of similar companies, market changes or even a technical aspect of your business.  The options are endless.Insight

Companies might  want to understand how actions taken by the business affected their customer behaviour, the cost of acquisition, predicting future behaviour based on previous actions, or maybe you would like to see which are the most popular services or products you offer.Improved SEO

When a company is providing consistent content and using their social and marketing tools effectively, search engine optimization increases.  Why is this important?  If you are on the front page of search results, your chances of getting seen are better.  Most people don’t have the patience to sift through pages of search results.Providing Customer Support

Online customer service has taken a huge leap forward over the past year or two.  Not only do many of the younger generations like online chats and social engagement, customer service in this space can save you both time and money because of its immediacy.Competitive Analysis

Want to know more about that company in your industry, what your competitors are doing and how they are pricing their service, or their product lines and objectives?  A valid objective for your marketing plan can be to better understand the competitive landscape.Improved Client Relations

By embracing social media, you are also allowing for direct, immediate feedback from your clients.  Negative comments and input can show how your company handles issues and that you care about their experience with your brand.  Some of your clients may want to know more about one of your recent posts, they may want to give you positive feedback, or just like your stories.  These are all ways to engage them further.  Higher engagement equals repeat and new business!Generating Leads

By creating useful and engaging content and ideas, your company will generate leads.  
                                
The key to new business is your consistency and relevancy.

We wanted to generate a few objectives, using the SMART model and objective types from above, to give you some idea of how these come together to form the final target:
1.  Results

• Increase email list sign ups through social media channels by 500 names by December 30, 2016.
• Increase enrolment in classes and workshops by 50% by June 30, 2017.
• Acquire 100 new donors through Facebook Causes by August 30, 2017.
• Recruit 40 organizations to join our LinkedIn organization page by June 30, 2017.
• Identify top 25 influencers on Twitter to build relationships to help blog, repost, and spread the word about online program by September 30, 2017.
• Increase likes and comments with fans on Facebook to 3 comments per post by June 30, 2017.
• Create video trailers for all productions garnering an average of 100 views per trailer for the 2013-2017 programs.
• Conduct an audience survey to determine where to expand, grow, and diversify social media presence for 2017.
• Enhance visual storytelling capacity and diversify type of content shared with a goal increasing videos by 10%, photos by 20% photographic and text that stimulates comments by 20%  by August 1, 2017.

Once you have created your objectives, put the plan into action.  Make sure your entire organization is on board with your new social media plan, then start measuring its effectiveness.  Take the time to invest in a clear-cut methodology for measurement, as your strategy is only as good as the results you can see.  Now, what are you waiting for?  Make 2017 your best year ever!!

source: Syed Hassan Ali

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Mastering Your Money Thoughts with John Assaraf

How Google Apps For Work Makes The Working More Powerful in Cloud?

From this article, you will get information about benefits of powerful working of Google apps in collaboration with Cloud. You will also know about the better storage options, complete visibility and improved efficiency offered by Google tools. The innovative Google apps offer secured data guarantee with Cloud and represent next advanced stage in Google working collaborations.

                                            

A huge number of businesses are moving towards cloud storage for better mobile access, improved communication and collaboration tools. Google apps provide ample of benefits to the user in terms of business profits in the most organized way. The major advantage of using Google apps is ability to share data, collaboration and information securely in real time, no downtime, affordability, enough storage and low maintenance cost. Google apps for business provide improved productivity and ease of working from anywhere.

The future of Google apps in collaboration with Cloud appears very bright and many businesses are migrating towards it. Corporate countries are rolling out for Google apps for business as it is a great profit boosting method that sets a clear precedent for reputed organizations for adopting Google apps in collaboration with Cloud.

                                            

The benefits of Google apps for work partner are obvious. Cost saving, improved security and mobile working benefits are some of the advantages of using these advanced apps. All you need is to download apps on your device with internet access. The launch of advanced tools like Chromebook have revolutionized the functionality of web-based applications. The innovative Google apps offer secured data guarantee with Cloud and represent next advanced stage in Google working collaborations.

• With better storage facility, you can gain complete visibility into official activities on your domain easily.

• Lifecycle management workflows offer automated offboarding and onboarding to utilize, access data and Google tools.

• Google apps with Cloud storage offer improved efficiency in business practices. Many third parties are working for Google apps for work partner to offer customers better working in simple and organized way.

• With these collaborated apps, you can easily create and edit files.

• Users can easily find information and save it without the stress of full storage.

One of the other reasons for popularity of cloud computing is the tremendous growth of data. In the past decade, a four-fold increase in the amount of data has been observed that is being created and replicated. This means we need to store a huge amount of data securely so that end-users can utilize it efficiently. And, one could say that demand is what’s inserting a gold lining on the cloud.

You can also use Google apps for work partner to get huge business benefits in terms of money and success.

Source:Dev Nair

Solar Power Banks- Supporting you working anywhere

Solar chargers are recently available in the market,  Amazon has brought you a range of solar chargers which will help you in charging your gadgets easily, and have a stress free travel. 

SOLAR POWER BANKS 

Everyone is having rage with the energy conserving products these days as energy layer is also depleting and it is also hazardous to the society.  All over the world environment and energy conservation is on the highest priority and most common used gadget like the power banks have also been modified on the environment friendly mode. The alternative modes of using highly energy consuming products are usage of solar devices. This will help to reduce the pollution and also highly energy conservation so buy solar power banks online & start protecting the nature.

The first and foremost products in the league of energy conservation are power banks.

What is the first thing that comes to your mind when we thought of the solar devices?

Ummmh…first thought in the mind that huge solar panels will be installed on roof and they will only work when sun is going to be at the peak. Often this misconception turns off the customers and they keep on using the conventional mode. But we need to understand that the conservation of energy does not require the heavy electrical devices, in fact this is very easy to use. Now, we look at the configuration of the solar power bank. It is of the same size that of the electrical power bank. It makes them easy to carry just like the electrical power bank whether in the purse or in the car.

There are numerous benefits of the power bank as follows:

          1)   The first benefit of the solar power bank is that it can charge without any requirement of the electrical input. They are extremely portable and comfortable to carry. Usually, fossil fuels are burnt for the energy generation and the energy generated with that is converted to electrical energy where as in the case of solar energy it is directly used by the sun rays which further convert into kinetic energy that runs the solar power banks.

          2)   Another biggest advantage is that the solar energy is free to use as it is available all over the planet earth.

          3)   These solar chargers are really good as they can charge all types of gadgets not only the basic gadgets. It is the versatile charger so bringing the right charger is not a problem anymore.

 
                                                                      

There are few things that need to be noted when buying the charger:

          1)   First thing we have to know that which thing that which type of the battery will fit. Secondly, avoid flimsy panels and thirdly, long charge will take place.

          2)   One more thing you will have a greener lifestyle and more with the environment rather than finding plug ins.

          3)   It is extremely useful during travelling either we travel in mountains or in the plains, the roads does not offer electric power but the mighty sun is everywhere. So, just place your charger in the sun and the work is done. Next step is charge your mobile phone.

So buy solar power banks online from our trendy collection & we don't compromise with quality because all the product are checked by our quality team.

Source:Pinki Gupta

Willie Jolley is one of Americas top motivational Speakers.

Zero" Capital Business Start Up?

You have been thinking about starting your very own business one day. However, as we are well aware of, starting your business without zero capital is proof to be extremely tough.

The very first obstacle is where do you find the much needed capital for setup, and stock inventory? These are just the beginning for some other consecutive barriers you'll face. Let's explore together on few ideas that had helped me on my initial venture into business world.

                                                  

1. Re-Sell Other's Services and Products

Go out and find companies that offer complimentary services or products to your own. Work out some sort of reseller deal with them. Yes, it could be tough as you are new to them; you have no prior reputation in negotiating a deal with them. But nothing is impossible. Knock on 100 doors and you shall get 1.

Start with that, and build upon it. You just take care of the customer services part. The beauty of doing this is that you can offer a great service without having to invest a large amount of capital before profits kicks-in.

Your clients might not even know that it's not you providing the actual products or services at the end of the day. But do they really care? NO, they would prefer to have your excellent service even if they find out the actual provider.

                                                 

2. Get Deposits To Help Cover Your Initial Expenses

Crazy as it sound? But it's true; deposits do proof to be a great way to help finance your start up business without ever needs to approach bank or finance company.

Take the example of the service industry, it's a common practice to have a percentage of a job quote as deposit. Do make sure this hard earned initial deposit would be able to cover ALL of your required job costs, and it's paid well before any actual work is being carried out.

Job costs as the phrase said are costs that definitely got to be paid way before hand. For example, materials cost, and contractor engagement needed for the job. However, this might not be practical in some cases because it could be in a large portion of the entire project or purchase amount. Nevertheless, a small amount of deposit in these situations could still very well prove to be much useful.

                                                      

3. Offer Instalment Terms to help your Cash Flow

Take yourself as example, would you appreciate some form of flexible payment terms by vendor when you couldn't afford to put in large amount of capital needed initially? Same principal here, offering different payment methods could also help you in getting more sales as well as improving your business cashflow.

But beware, its up-most important that if you do finally decided in offering such payment terms. You ought to pre-amp and setup an effective Debt-collection strategy to be in place. Get your bookkeeper or company secretary to handle it. They are pretty good at sending effective letters of payment demand. Just try not to be nasty. It could ruin your reputation.

To also cover the expenses incurred in debt collection, it would also prove to be useful to add extra 5% to 10% onto the initial job quote if your client requests such payment terms. This is also a commonly understood and well accepted practice; it shouldn't have hurt your sales nor your business establishment. Don't be shy, you need to feed your stomach and your staffs cost too.

                                         

4. Hire Per-Contract Employee

In another word, get contractual staff. This is another great option in ensuring that you don't have to tie down with monthly payroll cost. It also helps to keep your employees feel motivated to perform what are expected of them and to perform them well. If they don't perform, the job will go to others.

The easiest or simplest way to this is by having some standard contract form pre-drawn before hand. You could change it as needed on different project requirements. Doing this will enable you to end the business relationship with your contractor if they are not performing up to your expectations. Protect your little baby company; you don't want it to get blown up right?

                                            

5. Bridging Capital

When you are facing extreme difficulty in securing initial capital, credit cards could also a good option to help financing a small business. Caution, you'll have to be very cautious in ensuring that you don't end up using them for personal or unnecessary expenses.

As long as you are able to keep them in watch and paid up, you should be able to enjoy following benefits available from this options: - Enjoying up to 30 days interest free period!

- The more credit cards you own, it is much easier to obtain more cards!

- Get points and bonus rewarded by using credit card.

Yes, the biggest problem associates with credit cards are their known high interest rate. However, if you do pay up the full amount used within specified Interest Free period, they're actually a much cheaper option than other financing options! Do your maths carefully.

Getting up a business with low or no capital proof to be hard but it is not wholly a Mission Impossible. Start spinning your brain, use these little ideas to help your business, and watch your new business grows!

Do Your Maths carefully, and you could reach up there too!

Source:James Little