Month: April 2022

4 Consider the bitcoin option

With a cap of 10 10 billion, Bitcoin has been the central nerve of digital currencies for years. According to some recent statistics, the price reached a record-breaking high of $ 4500 in August. However, as Bitcoin gained momentum, numerous similar cryptocurrencies entered the market.

Moreover, most of these altcoins offer many advantages over bitcoins, which makes this market completely different. For example, they provide us with software development opportunities, social media platforms and many other options powered by blockchain.

Here are a few Bitcoin options that could become powerful players in such a turbulent cryptocurrency ecosystem.


With over 30% market share, Ethereum has become the second largest player in the digital currency landscape. Like Bitcoin, it is a decentralized payment network with its own currency. It is based on smart contracts, applications that run as programs without third party interference, censorship or fraud.

Ethereum is commonly used by developers to pay transaction fees. However, to understand how this process actually works, you need to know what an Etherium Virtual Machine is.

As such, Ethereum is not based on centralized computing. Thus, instead of running on a single server, Etherium is kept running by countless separate computers around the world. This means that any developer can pay Ether to run their code, which makes the development of blockchain apps much easier. That is, instead of creating a new blockchain for each new application, this practice allows you to create thousands of decentralized apps at once.

With the potential to change the world of digital currency forever, the Enterprise Etherium Alliance has teamed up with more than 150 banks, tech giants and other leading companies to help develop this cryptocurrency.

Ripple XRP

With a market cap of 220 million, Ripple is the world’s third largest digital currency and real-time gross settlement system. It was created in 2012 with financial institutions such as banks, payers and digital asset exchanges in mind. This enables them to transfer funds almost immediately to the existing numerous currencies. You can even ripple Bitcoin and convert it upside down.

For example, unlike Bitcoin and Ether, which is limited to 7 transactions per second, Ripple can process more than 1000 transactions. This is what makes it one of the most popular cross-border payment platforms. Due to the simplicity of transactions, the number of banks using XRP is constantly increasing. For example, a consortium of 47 Japanese banks has applied Ripple’s blockchain technology to conduct real-time domestic and international transactions at significantly lower costs.


Formerly known as Darkcoin or X Coin, DASH today refers to “digital cash”. It represents one of the largest and fastest growing open source, peer-to-peer cryptocurrencies. Most importantly, its decentralized governance and self-funding system made DASH the first decentralized autonomous organization. What sets it apart is its extensive features, including InstantSend (instant transactions), PrivateSend (private transactions) and DGBB (decentralized governance) that make it easy for us to trade cryptocurrencies.

These are Masternodes which play a fundamental role in DASH. They represent a level that is responsible for collecting and performing multiple transactions simultaneously. The best thing about such a decentralized MasterNode network is that it does not depend on a specific person, which means that any user can buy, transact DASH and join or leave the network whenever they want.


Founded in 2011, Litecoin is one of the oldest alternative digital currencies and the fourth largest in the world. Similarly in the case of Bitcoin there is no central authority, which means that coins are created through algorithm solutions. Of course, over time, these algorithms become more difficult to solve. What separates litecoin from bitcoin is that its overall cap limit is set at 84 million, compared to 21 million for bitcoin. Most importantly, litecoin blocks are created every 2.5 minutes compared to 10 minutes of bitcoin, which means it offers faster transactions.


Since it is 10 times larger than its nearest competitor, Bitcoin still has a huge lead over its competitors. However, as they gain popularity, the alternative digital payment systems mentioned above could steal its crown in the years to come. They are still low-value and their growth potential is high, so investing in them is always a good idea.

Why invest better than Ethereum Bitcoin?

There has never been a better time to invest in cryptocurrency. As fiat currencies face global challenges due to social, political and economic upheavals – digital and alternative currencies are not only losing their popularity, but their value is also increasing dramatically.

While some may blow their power to say nothing more than a passing phase, those who know are sure that cryptocurrencies like Bitcoin and Etherium will continue to be more popular and may one day be an effective alternative to standard, centralized money.

If you decide to venture into this new and exciting world, knowing which currency to choose can be a bit of a chore. Bitcoin and Etherium are undoubtedly the best performing and most well-known cryptocurrencies available, and as such, they offer a lot of potential for those who want to invest.

There is a lot of controversy about which one is better than the other and although Bitcoin is the most popular it is Etherium which is most likely to grow. So why invest better than Ethereum Bitcoin? Let’s find out.

What sets them apart?

Although Bitcoin has long been the dominant currency on the market, it is now facing some stiff competition from Etherium itself, due to the hype surrounding its additional features and applications.

The main difference between Ethereum and Bitcoin is that the former is not just a digital currency. It is a blockchain based platform that provides users with many features such as smart contracts, etherium virtual machines and of course, ether for its peer-to-peer contract. It is, in essence, digital technology, not just a form of currency.

Bitcoin, on the other hand, is essentially a “digital dollar.” It works in the same way as a Fiat currency, except that it is not centralized, physically real, or controlled by any formal entity like the bank. In other words, it’s your money but keep it in a digital form.

Advantages and disadvantages of etherium

Ethereum is a decentralized digital platform that offers smart contracts written in Turing computer programming languages ​​like Solidarity. Ethers is then created as a “cost” for programs that need to run Ethereum. As long as Ethereum runs, Ethers will always have to implement the code within the platform, and since most projects are now built on top of Ethereum – this means that it is a currency that demonstrates the best long-term potential overall.

The only problem with Ethereum is that the value of each ether is linked to the success of the platform so there is always a possibility that a competitor might come up with a similar project and gaze the Etherium network.

Advantages and disadvantages of Bitcoin

Bitcoin is by far the most well-known and well-established cryptocurrency in the world. It is anonymous, decentralized, and its value is increasing (except for a few blips) in a steady upward trajectory. It is by far the easiest to trade the most recognized and readily available cryptocurrency, and it benefits from ample online resources and support so that even newcomers can grasp it instantly. Due to its large community and following, this means it is unlikely to disappear or devalue quickly, overall, it is a pretty good investment.

When it comes to losses, Bitcoin suffers from a high transaction fee and scaling problems. Since the average mining time for each coin is about 10 minutes and blocks are limited to 1MB, this means you can only allow three transactions per second. This means you face a delay, or you pay a more significant transaction fee to prioritize your transaction.

Why Ethereum comes up

We have seen in recent news that the future of Bitcoin is a bit shaky. With China taking significant steps to reduce and possibly even ban the use of currency inside the country, who knows how many more states will follow suit.

Ethereum, on the other hand, has not (yet) received any such adverse response from the government or government agencies. The unlimited number of ethers available, as well as its tie with the Ethereum platform, means that it has grown significantly over time, as well as being in a much stronger position to maintain its status as a leading currency.

Although the future of Bitcoin may hang in the balance from certain angles, Ethereum seems to be in a much more stable long-term position. For those who are thinking of investing in cryptocurrencies, or even expanding their portfolios, ether is the way to go.

12 Ways to Get Startup Funding Like a Boss

All entrepreneurs need money to start their own small business. But most bank lenders will not approve you for a company loan. So are entrepreneurs like you stuck in a rocky and difficult place? No, here are 12 proven, unexpected and some new ways to start your own firm and finance your startup business.

Read about future business owners:

SBA and bank loansAlthough government bureaus, small business administrations guarantee such loans, startups are not eligible unless the owners have a credit rating that is excellent and willing to guarantee adequate security like your home. SBA loans are given to most companies for growth and crisis recovery.

Microfinance is unprofitableMost small lenders are foundations or banks that are socially-centric. Their responsibility is to stimulate the local market and help disadvantaged communities. Loans for startups are usually low or $ 50,000. The bonus from such lenders is training and company advice at no extra charge. These are small lenders for research Rural America, Lift Fund And Opportunity Fund

Grants Both private and public foundations are a source of funding for encouraging new innovations and technologies. You can view thousands of available national grant applications online

Friends and familyBusiness investors want to get investors from your friends or family to show your credibility. These professionals assume that if your friends and family members invest in your business, it probably deserves it. Early startups often receive launch capital in this way.

Credit cards and personal loans Although this method is simple, if you have a credit card and good credit, it has a lot of fees and high interest rates. The advantage is that you are not currently selling or trading the equity of your new firm. Make sure you have a large profit margin on your merchandise to have the ability to factor credit card charges with your value. When you start your new venture for a side gig, or part-time company, and show off your one-year business online, you may be able to get funding from my favorite creditor, Read my review of Cabbage Capital Loans

Mass financingIn 2016 The employment law facilitates the SEC Security Exchange Commission Rules to allow the issuance of securities (stocks) for marketing for startup funds during crowdfunding campaigns. Sites including Kickstarter enable innovators to keep their promises, which can be a contribution to business or pre-buy.

Barter trade equity or service A great solution for those entrepreneurs who have the skills they need to be able to “pre-sell” for either service or cash. A good example is renting office space free of charge to get office space. Professional lawyers and accountants have used this method for example.

Self-financingWith the advent of low cost labor and services, startup costs are at an all time low. You may have the ability to finance your own startup, known as bootstrapping. Think about selling some of your collectibles, automobiles, jewelry or your resources to get startup money. Once, I sold my car to start my own company. I guess a car can’t make more cash than my new product line. I was right and that $ 5,000 car sales product sales increased $ 50,000.

Business Investor GroupThere are groups of investors in many US regions who need to encourage startups and this is valuable. They formed a team with about a million bucks to get startups that were qualified. Find these on the Like site Damka As well as media both locally and in your own industry.

Venture Capital Firms Although not available for startup financing, some businesses have received seed funding. Companies like Excel Partners Guess the theory and startups for a few million or more large enterprises.

Startup Incubator and Accelerator – Seed Fund These Organization New businesses and technologies are created to nurture and develop. They relate to community development teams, universities and sometimes corporations. Training and resources are provided and seed financing can be obtained.

Royalty payment advanceBuy a complement to your organization or a customer who is new to paying you royalties in advance that you offer them. In addition, the initial licensing is called or White-labeling agreementWhich means it’s about to be the most delusional time of the year, as well.

About the author:

Marsha Kelly His first business sold more than a million dollars. She shares her hard work experience as a successful serial entrepreneur on her Best4Businesses blog Marsha regularly posts business tips, ideas and advice as well as product reviews for business readers. As a serial entrepreneur who has made “time” in corporate America, Marsha has learned that any product or service works really well in business today. You can learn from the experience of shopping the internet for tools, supplies and information to build your business and improve your life financially.

6 Ways to Increase Remote Team Productivity

There are so many great reasons to work with a remote team … access to a global talent pool, flexibility for team members, less office overhead, travel time savings – just to name a few. But despite these advantages, distant teams also have their challenges. Different time zones, lack of intercultural communication, visual and verbal communication signals can make productivity challenging.

With a remote team, you can not just call an immediate meeting in the boardroom, take someone over for coffee, or walk past their desk to get an idea of ​​what your team is doing. Remote team productivity depends on setting up the right system to allow everyone to work at their best.

Here are 6 ideas for increasing the productivity of remote teams

1) Agree to “Core Hours”

Flexibility is great, but a lot of time can be wasted if team members don’t work within the same hours. Everyone works without it 9 am-5pmFind a middle ground from which everyone agrees to work 11 a.m.-3 p.m. (Or whatever your team agrees with). Outside of this window their times may be flexible but this way you will always have a good time to collaborate with team members in real time.

2) Share daily action plans

When teams work together in the same office, it’s easy to feel good about what everyone is doing. But with distant teams, that’s not the case. Lack of transparency can easily create mistrust in the team and people can easily waste time working on things that are not top priority.

To avoid this, urge each team member to note down a few things they are going to work on for the day. (Writing it down and having a defined focus actually makes people much more productive.) You can do this with Action, Google Sheets, Trelo, Slack, or any other tool. Knowing what everyone else on the team is doing creates a high-performance environment and a better sense of working in a team towards a common goal.

3) Understand when to use a tool

There are plenty of online communication tools available but deciding when to use each one can make all the difference to the productivity of the remote team. Maybe you have a team video call once a week, hold a weekly one-on-one audio call with each team member and use chat to work 1: 1 on a project. You may also want to keep some guidelines so that if things go off-track and communication to one channel fails, switch to another channel. (Texts can often be misinterpreted and a voice or video discussion can eliminate any confusion.)

Use your regular team meetings to check in with your team and understand how communication is flowing. Maybe a transfer is needed for certain types of communication.

4) Simulate water cooling

Just because your team works remotely doesn’t mean it’s important to build a strong team culture. In fact, it is more important that you take deliberate steps than ever before! Teams that know and respect each other work more productively and achieve greater results. After all, no one wants to disappoint a friend.

To achieve this, you need people to share personal information about yourself and as a team leader, you need to set an example. Be sure to tell your team about your family, your holidays, your hobbies and talk about both good and bad.

This may sound fantastic, but you also need to create “water-cooler conversations” within your regular communication. For example, perhaps during your weekly meeting, each group member should share their weekend highlights. Or on a Wednesday afternoon, everyone shares what they are cooking / buying for dinner. Or you can use such random prompts to build group culture and change conversations. Little by little, these snippets of information create strong bonds between team members.

5) Share daily earnings

Don’t you hate it when members of the remote group disappear and leave for days? Instead, to make it happen, create a system where everyone checks in with the team before the clock is off.

But they just don’t say goodbye to everyone and leave! They should give a brief summary for the day and what they have accomplished and no problem should hold them back. This habit of “showing off your work” has a huge impact on the productivity of remote teams. Like the Daily Action Plan, these quick notes reveal a lot of information and really help a team to work together and be extremely productive.

6) Share business perspectives and goals

It’s easy to assume that your team members focus only on their specific roles, but most people find it even more motivating to understand how they fit into the big picture. In your regular meetings, share and discuss business perspectives – think about what the future might hold and how it will impact each department.

Also discuss business goals with your remote team. Share the win (and of course, miss), so everyone knows what they’re trying to do.


In place of such systems, and of course, with the right team members on board, it is easy to operate a highly productive remote team.


About the author

Fiona Adler is a writer and serial entrepreneur with an MBA. He recently created and sold the largest business review website in Australia. Fiona is currently building – a productivity tool for teams, and writes on while in France with her family.

6 Ways to Make Your DIY Marketing Strategy More Effective

Did you make it during the holiday season when you were better prepared for the festive crowd?

Maybe your sales weren’t as good as you expected, or maybe you’re reconsidering whether your social media marketing should be carried out by yourself or outsourced from an agency?

If you are a small business owner running your own marketing strategy, you already know how difficult it can be.

In addition to running your small business, managing employees, raising funds and running books like a boss – you have also decided to run your own marketing campaign.

If you’ve been a fan of the Mad Men TV show, you’ve probably already heard “Sell the Sizzle, not Steak.” That’s short marketing. But without the help of a large advertising agency, how do you increase sales and create a positive buzz around your brand – without losing your mind?

Keep reading to find 7 effective tips to take your marketing strategy to the next level in 2018.

1. Outsource what you can.

There is a reason why large advertising agencies are so expensive. A team of marketing professionals can turn a dad into a diamond. But again there is that word: expensive. If you don’t have the money to hire a marketing or advertising agency, the good news is that marketing can be a lot of fun, if you have the aptitude for creativity. But don’t fall prey to one of the simplest start-up rookie mistakes: try to do it all.

If you want to run your own Facebook ad, or social media marketing campaign, you can do it yourself with potentially stunning results. There is a reason that social media has given birth to new celebrities; Influential social media is great equality, and almost anyone can learn how to do it. Contrary to the law or something like your taxes.

But don’t underestimate how much time you can spend running a successful social media account or blog. Are you going to be an effective DIY marketer to outsource any other area of ​​your business to make up for a fraction of the time?

2. A planner is your best friend

Do you have a planner? Digital or paper, it doesn’t matter as long as you have one. If you’re looking to start your own DIY marketing campaign, it’s important to make sure you keep track of the plate you’re currently on.

The big downside of DIY marketing? Missing an important holiday or event that can be extremely beneficial for your business. Set aside an afternoon in January to meet your planners. Use different colored highlights to identify different projects, so you never get caught unawares again. The following marketing calendar, courtesy of AdEspresso, outlines the major retail holidays in 2018 to make it easier to manage your marketing schedule:

Marketing Calendar

3. Define your purpose

Before you plan your content calendar for 2018, determine what your marketing objectives are. Are you looking for new customers? Increase sign up for your newsletter? Perhaps you are looking to increase your website traffic instead. Maybe it’s all of the above.

Whatever your motives, it’s important to be crystal clear about what you want before you start pursuing it.

4. Don’t spread your social media campaigns too thin

Don’t get drunk on hashtag punches. By that I mean, if you’re a florist, go ahead and find all the stops for Valentine’s Day. But what if you are a chartered accountant? You probably don’t need to own that holiday with hashtags.

In the digital age, the market is completely soaked by competitors. The best way to stand out from the crowd? Do what you do and do it well. But don’t try to fill every vacation, including all the make-up, in an effort to expand your social media clout. Consumers are increasingly appreciating “thirsty” brands and this is not a good idea.

Choose a few major holidays that are directly related to your purpose and think about ways to maximize your chances of meeting your goals.

5. Don’t be afraid to test

When it comes to finding a successful marketing strategy, you need to try a few different formulas before you can find one that fits your brand. Split test Facebook ads, or try experimenting with a new theme on Instagram.

There are basically limitless options for finding inspiration for your next marketing campaign. Accept what works, skip the rest.

Over time, you’ll get a better idea of ​​what works best for your customers and how to use it to maximize sales and conversions.

6. Actively seek fresh inspiration

Any marketing, but especially social media marketing, is subject to change at the notice of one second. Intelligent trend hunters use social media to find the “next big thing” and the instant trend on Instagram survives and dies. Don’t be a slave to marketing trends, but at the same time, actively seek new inspiration from other marketers or brand strategists you admire.

Try and find those who have already won in what you want to do and test some of their successes yourself.

What will you do in 2018 to improve your DIY marketing skills? Share your story in the comments.

Here are 5 things to keep in mind before investing in real estate

People always tell us when it’s right to do something. There is always the right time to get married. The right time to eat. The right time to sleep. And of course, the right time to invest in real estate. Talking about the latter, yes it comes down to a few things when buying your real estate property. Things like the real estate market situation in that area, your personal situation and where you are in life. Before you make a decision and buy your own real estate, here are five things / questions you really need to ask yourself:

What is your goal in buying property?

We all have different reasons and goals for buying real estate assets that we do. Some of us want a place to live. Some of us want to go to good places. Some of us want to get closer to work so we can walk to the office. Some of us want to invest in a place that pays us really well in the future. Some of us are close to retiring and just want to settle down All we have to do is think ahead about these goals and decide if we need to buy real estate to achieve them. Also, make sure that the price is right within your budget, otherwise your financial life will become more stressful.

How is your current life situation?

There is actually no answer to this question that is directly related to buying real estate. This is because there are no one-size-fits-all situations that are suitable for everyone when buying real estate. It depends on various factors such as whether you are currently unmarried or in a long distance relationship or married and have a family or where you are working; Whether your employer offers to relocate you to another part of the country. So we all have different situations in life. The important thing is that you make sure that what you buy as part of real estate fits your current situation.

Is your income stable?

The first and foremost thing you need to look at is whether you can afford the real estate you want to invest in. Is your current income stable enough to support a monthly / quarterly or annual payment plan? It’s easy to get excited and decide to buy something in real estate when your business or job is doing really well and you get excited about making such a decision. But the questions you need to ask yourself seriously are: “How stable is my income? What is the probability that my income will remain the same or increase in the next one year? And what about next year? If you find yourself unsure about your future income status, just mortgaging is not the brightest idea right now. You should wait a little longer or until you get a clear picture of your future earnings or when you accumulate at least enough savings to carry part of the real estate easily.

What is your credit score?

This question will help you determine what interest rate you will get on your mortgage if approved. Just a few points more or less at your interest rate can make a huge difference of thousands of dollars over the duration of your mortgage. Before you even apply for a mortgage, make sure your credit score is what you want it to be. If not here’s a new product just for you!

When it comes to investing, if your goal with your property is to make money just by selling it because you get any good opportunity, this is not always a good idea. Only buy real estate with the intention of making a genuine investment if you are absolutely sure of the deal, which you can honestly never be. This is because it involves a lot of risk, so it should not be your only criterion.

How is the real estate market in that area?

Last but not least, before you get involved in any type of real estate deal, make sure you know all about the market in that area for real estate. Make sure you know how specific properties or similar features in that area have increased or decreased their value over time. You must track the price pattern very carefully and closely before closing any real estate deal. For example, if the price goes down and your financial situation is good enough, then investing in that particular property can be a wonderful opportunity for you. On the other hand, if the price of that or similar property is always high, you may want to be patient so that you can avoid buying a bubble that can burst very quickly.

A beginner’s guide to payment processing fees

If your company accepts payment, you are now paying the payment processing fee.

Most company owners ignore these fees and write them off as one of the costs of running a business.

When you start comparing payment processing deals, there is actually a lot of diversity in the industry. Although the difference in deals may seem small – maybe one or two percent – it can add up to thousands of pounds of lost revenue each year.

This may not surprise you, but I think business owners should pay more attention to their payment processing agreements. However, to do this, you need to understand what a payment processor will actually charge you.

And that’s clever.

You see, even though your supplier will send you a large bill, it’s not actually a big fee. Instead, it has a lot of little fees and charges, which bundle together and charge you in a big alley.

So for the rest of it, I’m going through the main payment processing costs, explaining what they are and how much. Should Stay.

# 1 Merchant Service Charge

The Merchant Service Charge (MSC) is the percentage you pay for each credit or debit card transaction you receive. If you are not a very low volume trader, MSC will make up a large portion of your payment processing costs.

How much is it usually?

  • Debit Card (0.25% to 0.35%)
  • Consumer Credit Cards (0.7% to 0.9%)
  • Commercial credit cards (1.6% to 1.8%)

Watch for what

If you contact a company for a payment processing quote, they Usually Only quote face-to-face transaction rates for your personal card. These rates are the lowest they offer so present an artificially low estimate.

For example, your cardholder-not-present (CNP) transactions will be charged at significantly higher rates. Online and over-the-phone payments also fall into a higher bracket.

Then there are company cards, purchase cards, fleet cards and other premium cards, all of which attract a high payment processing fee.

I recommend you Always Ask for a complete list of fees covering all the payment modes you plan to accept.

# 2 Terminal rental

If you want to accept card payments, you need to have your customers plug in their cards. That’s something called a Terminal And his To rent To merchants by providers.

Because terminals are expensive, rental agreements usually last for more than a year and come with a hefty closing cost if you want to get out early.

How much is it usually?

  • Countertop terminal: £ 14 to £ 16 per month
  • Portable terminal: £ 17 to £ 21
  • Mobile terminal: £ 20 to £ 24

Watch for what

Terminal rental agreements are long, usually lasting three or four years. If you want to exit your contract before the expiration of the contract or before the specified minimum period, you will usually be stunned by the cost of the initial termination.

The initial completion cost is usually only the terminal rental cost although there is a long contract or minimum term remaining.

While some providers will offer a discount for early payment of your contract, others will charge an additional fee.

# 4 Approval fee

Some providers will charge an additional fee for each transaction for the purpose of approval. Approval fees are usually a few bucks so don’t bother many traders.

However, if your transaction volume is low, certain approvals for free can really increase your costs.

For example, if your average transaction value is £ 5 and all your other processing fees fall to 5p, that approval fee increases your overall costs by 60%.

How much is it usually?

Average approval fee: 3p per transaction

Watch for what

Ask your provider if authorization charges are included or if you pay them separately. You don’t want to get your first bill and discover an amazing new charge.

# 5 PCI compliance fee

Let me be honest with you, PCI compliance fee is an administrative charge. Although PCI requirements have been in place for several years, the charges are fairly new.

How much is it usually?

Average PCI compliance fee: £ 30 to £ 50 per year

Watch for what

First of all, if you do not obtain PCI compliance, you will be charged a higher fee for non-compliance. Exactly how much the fee depends on your provider.

In addition to the physical PCI compliance charges, some providers will charge a separate fee for online PCI compliance so be aware.

# 6 Minimum monthly service charge

Suppliers invest a lot of cash in advance traders. There are terminal costs, installation and all related admin costs. So they want to know if they will (eventually) get their investment back.

Suppliers will set the standard of profitability of traders and there is a cutoff point, below which a trader is unprofitable. If a merchant falls below this level, a supplier probably does not want their company because they are spending their money.

MMSC is designed to ensure that all merchants make a profit above the minimum threshold.

If your monthly transaction charges are higher than MMSC, your supplier will not add any additional charges. If your transaction charges fall below the threshold, your supplier will add additional charges to bring your monthly bill up to MMSC.

How much is it usually?

Average MMSC: £ 20 to £ 25 per month

Watch for what

Although most suppliers will have an MMSC, you probably won’t see it because your volume is probably above the threshold.

Before agreeing to an agreement, I suggest you calculate your own monthly transaction amount and estimate what you will have to pay for the payment processing costs. If your volume is constantly falling below the threshold, it may be worth your while investigating other payment methods.

# 7 Set up the fee

The set up fee says exactly what on the tin. A fee for setting up your payment facility.

In all honesty, this is an arbitrary fee that some suppliers prefer to charge. The justification is that it costs them and takes time to process your application. I’ll let you decide if it’s fair.

The good news is that most suppliers do not charge a set up fee because the market is so competitive.

How much is it usually?

Average set up fee: £ 75 to £ 200

Watch for what

Set up fees are the easiest charge to negotiate. Before you talk to a salesperson, do your research and note which competitors charge a set up fee and which do not. When you are ready to buy, present the salesperson with all the competitors who do not charge a set up fee and are ready to leave.

# 8 Chargeback fee

A chargeback is a formally disputed transaction between you and a customer that is mediated by the acquiring and issuing bank. If the chargeback is successful, the transaction is reversed and the customer’s money is refunded to his account. If the chargeback fails, you keep the money.

Suppliers will charge a small (ish) fee for each chargeback you receive to cover administration costs.

How much is it usually?

Average chargeback fee: £ 15 per chargeback

Watch for what

It’s a standard fee and you don’t have to pay too much for it.

# 9 Annual admin charge

The annual admin charge is a fee that some providers have to cover the cost of maintaining an account.

How much is it usually?

Average annual admin charge: £ 5 per month

Watch for what

Most providers do not charge an annual admin charge. Among them, we advise you to try and discuss the reduction of charges. Most suppliers will if you kick up a noise.

6 Easy Ways to Finance Your Business

Starting a new business can be a daunting task, and it can be especially difficult when you do not have adequate funding for it. And we all know that starting a profitable business is almost impossible without a decent startup investment. Here’s a list of six easy ways to finance your business so you don’t have to give up on your dream:

Personal savings

Personal savings can be a great way to finance your business, but it requires a great deal of commitment. Personal savings can be achieved in many ways such as the convenience of retiring luxury assets such as cars or jewelry. You can also save funds from your personal income but it takes a lot of courage to use your own resources to finance your business. You have to believe in yourself and work hard to make your business successful.

Why do you expect banks and lenders to take risks when you are not willing to take chances on yourself?

Furthermore, if the high-interest rate of the loan is successful, the financing of the individual makes the business more profitable.


Sometimes personal financing is not enough to start a business. Partnerships can be a very effective way to improve your financial situation and adversity to success. Bring two or more people you can trust to work with you and share the risks and rewards. That way, one does not have to carry the hassle and burden of starting and running a business alone.

Where there is an advantage to forming a partnership, it can also create legal issues in the future. To avoid such problems, make sure you consult a lawyer and sign a legally binding document that specifies the role of all persons involved in the business.

Incubator and accelerator

If you value the advice and guidance of experienced entrepreneurs, the connections that come with them and the investment you need to start your business then you should consider joining an incubator. Incubator companies provide start-up capital for small businesses in exchange for a small portion of equity.

And they give you access to experienced and experienced entrepreneurs whose advice can be very helpful. YCombinator, 500startups, and Tech Stars are some of the top incubators and accelerators in the United States right now that offer a variety of services.

Of course, you need to show your business work and incubator companies to show you how profitable it will be before you invest. So be prepared for this.

Bank loan

Borrowing funds from a bank to finance your business should not be your priority, however, it can be a source of funds at short notice. But keep in mind that these loans have to be repaid with interest and if you cannot repay the loan then you have to keep some assets as collateral. The risks are high, and many people have closed their homes because they can’t repay their loans, and their business has failed. So, get a loan only when you are confident in your business and you are sure that you will be able to repay the loan.

Before you sign the document, make sure you understand the terms and conditions of the loan.

Mass financing

Crowdfunding can be a great way to finance your business, especially if you have a large network of friends and fans. Kickstarter is a website that lets you create campaigns for crowdfunding. This funding trend is popular among social media personalities and YouTubers.

For example, there are many channels on YouTube that have received significant funding from crowdfunding campaigns to fund their projects. Crowdfunding allows you to promote your vision online and enable you to take orders and pre-sell inventory before you create it. Crowdfunding is a low-risk approach that creates both exposure and funding for your business.


Raising funds from your friends and family members is a great way to raise some startup capital for your business. Your parents, siblings and close friends are the people who know you best and who understand your work habits and intentions. This makes it easier for them to relate to your cause and become a pillar of financial support for your business.

The downside to borrowing money from your relatives is that it can ruin your relationship with them. Wrong communication and failed business can break your friendship. Make sure you create a legally binding document and make sure everyone involved understands the terms of the agreement.

How To Successfully Sell Your Products On Amazon

If you’ve ever looked closely at the Amazon logo, you’ll see an arrow from A to Z. The message? It is a comprehensive service that allows anyone to access both buying and selling solutions. As a small business owner, you’ve probably bought a few items on Amazon, but what you haven’t considered is how easy it is to sell your trending products through the sales giant platform.

Fill in the red stag Has created a comprehensive step-by-step guideEasy to follow, it outlines how your product will receive through Amazon and quickly reach your audience. They outline three basic steps you can take to turn your Amazon sales goals into potential steps:

And fourth … get paid.

Start with a suitable product

Despite the ubiquitous nature of Amazon, some products are more suitable than others in terms of market effectiveness.

The most successful Amazon products have similar features:

– Price over $ 20 but less than $ 200 per item

  • Sold fast (ideally 10 or more per day)
  • Easy to use for ordinary people
  • There is a profit margin of more than 50%

How do you know what your profit margin will be?

Amazon is in the business of helping your business succeed. This is how they earn their income. So they have provided a lot of tools to help you when they join their platform. You can use the Amazon Seller App to determine your return on investment (ROI). It helps you calculate costs, keep track of costs, and estimate profits.

Download the Amazon Seller app (for Apples Or Android)

Once you have chosen your product you will want to calculate the return on investment (ROI) that you stand to earn. This will help you determine the cost and keep track of how much you want to earn

Be sure to research your similar products on the site. The mobile app will allow you to scan the barcode of any product and get price and fee information from Amazon.

You can set the price of any item as well as shipping. And even if you do not yet have an Amazon account, you can replenish it with the Amazon (FBA) Revenue Calculator. The Amazon FBA Calculator will calculate the profit margin for your product.

Once you know the effectiveness of your product in the market, it’s time to move on.

Make a list

There are still a few steps you need to take to properly prepare your product for the Amazon marketplace.

  • Provide high quality photographs of your products.
  • Order UPC Codes – Amazon requires all products to have a barcode, something you can easily purchase from vendors such as Barcode Talk.
  • Create a logo and branding.
  • Set up your bank account.

Now you are ready to participate in the marketplace with confidence. Getting Started: Just click the cell button at the top of the Amazon home page. Amazon will then take you through how to set up your seller account.

Should your sales department be individual or business?

If you plan to ship less than 40 items per month, selling as an individual is usually the best way. Amazon will charge বিক 1 per item to each seller. Selling as a business is $ 40 per month, so it’s not affordable unless you plan to move more than 40 units in a month.

The next step is to fill in relevant profile information such as your address, phone number, credit card and tax ID or social security number.

Set up vendor settings

In the settings section you will be able to customize how you get information like product news. It can be set up according to how you think it is most effective, but it is essential to turn on “List Notification” and “Report Notification”.

It is also a place to consider shipping settings. If you are shipping your own product, you can choose your own cost here, but keep in mind that the lower the shipping cost, the more desirable your product will be.

You can use Amazon to meet your needs, however, this is a good tip for contacting other fulfillment centers, as they may be less expensive than being covered by the Amazon (FBA) service.

Tax settings for your business are something you should discuss with a tax professional, especially if your business needs a wide range of supply and fulfillment chains across different states.

Finally, you can add personal information about your business. See examples on the site as a template for yourself, or add your logo here.

Set up the list

Amazon is now ready for you to sell on their site, but there are a few more considerations before customers begin shopping.

  • Make sure your product is not Restricted by Amazon.
  • If your product is not already on Amazon, you need to get an FNSKU number. It uses Amazon to track your products.
  • For those of you who are just starting out on Amazon, it is advisable to sell individually (instead of in bulk).

Sell ​​it

The best way to learn your way is to know the main features of the portal.

What is a buy box and how do you win it?

Amazon uses an algorithm to match customers with their standard product. When that match is complete the product is accessed by buy box which is how a sponsor puts your item in their cart. Your ultimate goal is to “win” your product.

You need to be eligible for the purchase box:

  • A seller account
  • New (unused) product
  • Available inventory

Winning the buy box is a game of negotiating algorithms Amazon account costs but also takes performance and other metrics related to your business, including response time to complaints and reviews. If you have a new product, you may initially have to pay less than the competitors to win your purchase box challenges.

Amazon also prioritizes products with shorter shipping times so keep this in mind when listing.

Advertising on Amazon

You can bid on specific keywords to increase sales and ads will appear at the top of search results and other placements. These ads tend to be cheaper than AdWords or Bing ads, and they give better returns because they connect with a specific audience ready to make a purchase.

How to optimize a list

While the subtleties of optimization are complex and there are many theories about which strategies to take, there are a few relatively simple rules to follow as you go through the elements of a list.

    • Title: Make it as specific as possible when creating a title. A long description is best because it can be used up to 500 characters. Keywords and detailed headlines are the most successful.
    • Content: It is good to have specific bullet points in your content section that use keywords.
  • Category: Defining your product very precisely will give you a good chance of gaining a “best seller” ranking for items in your category.
  • Review: These have a profound effect on the buyer’s habits Ask buyers to review and quickly resolve any negative comments.

It’s a ship

The best shipping options available are related to your product and how you market it.

Completion by Amazon (FBA)

Presumably, Amazon recommends using their perfection service and it has many advantages and disadvantages for your business.

Reasons to use FBA:

  • Amazon is fast shipping and has warehouses all over the country
  • They will handle any returns
  • The products will be eligible for Amazon Prime members

Reasons not to use FBA:

  • Inventory and supply chain errors are common with FBA
  • The tax question is as complex as the definitionSales tax relationship“Is developed

Seller perfection

You manage all the details but the shipping rate is determined by Amazon for each product. If your actual shipping rate is higher, you will pay the difference.

Third party perfection

If your business is starting to expand, it may be time to consider joining the right Perfect partner. Consider the kind of expansion you expect. Are you looking to move products abroad? Is Online Integration Important to You?

The Right Perfection Center will provide options that are tailored to your product needs, including return management, customer service for your product, and easy online communication for your business.

Consider global expansion?

Amazon has tools like FBA Export and Amazon Global Selling. Amazon takes care of packing, shipping and returns with FBA Exports but adds fees. Amazon Global Selling is more customizable and thus more efficient, but that means a longer time. Take a look at what’s best for your business.

Now you must get paid. But the last step to consider is to keep your customers happy so you can continue to do so.

Customer retention tips:

  • Quickly respond to new orders: Check the portal often – at least once a day
  • Send shipping confirmation: Communication with customers is important
  • Maintain inventory: Don’t accidentally sell a popular product
  • Keep pricing competitive: Stay up to date with pricing trends
  • Cultivate five star review: Ask customers to actively review
  • Service issues respond quickly: Amazon combines business health with fast customer feedback.
  • Keep returns below 8%: Amazon will close a list with a return of more than 8%

There are many more ways to successfully sell your products on Amazon, however, by following these steps you can start selling with confidence. It’s important to bring your product to market where your customers are and Amazon helps you reach people who have never wanted your product before.

How to sell on Amazon

Startup Marketing: How To Splash With A Zero Marketing Budget

When you start a business, it can be difficult to attract potential customers and bring people to your side.

Of course, marketing is the key to any successful business, but for startups and micro businesses, finding money to promote your products and services can be virtually impossible.

However, not all is lost.

Below, we’ve put together some of the best free methods to help you find more customers, improve brand awareness, and promote your products online to take your business to the top.

  • Write more content for your blog

Chances are you know a lot more about your niche than the next person, to use it to your advantage and to create valuable content that your readers will want to share and communicate with.

Content marketing has a wide range of benefits, at least it gives you the ability to position yourself as an authority in your industry and help you find more potential customers.

Get started with informative content like tutorials, how-to guides, reviews, case studies and product demonstrations and over time, as you build an audience you will be able to respond to user needs and post more personalized content for your specific target market. .

One way to find out what kind of content your customers want to read is to hold a focus group, or publish several blogs across different topics and see which one works best.

Keep experimenting with new ideas until you find a winning content marketing layout. The sooner you know what your audience wants to read, the sooner you’ll be able to connect with them and push them through your sales funnel, turning them into customers.

  • Run Basic On-Site SEO

All businesses want to rank well in search engines for competitive positions, as this can help drive organic traffic to their websites and introduce their brands to new visitors.

If you manage to rank high for competitive terms as a startup business, however, you can start from day one and open your business to hundreds of new customers.

Good SEO can be a really powerful tool for your website and business – you need to know what to do.

Although some search engine optimization strategies require skill and time, you can do a lot of small tweaks to your website to effectively increase your rank overnight.

  1. Install an SEO plugin: SEO plugins such as Yoast SEO are designed to reduce the stress of managing a website. Use the plugin’s functionality to add meta descriptions and keywords to posts, add social media metadata, and more.
  2. Decide on keywords: Don’t start typing until you have picked the right keywords. Ask for help or use a free keyword tool to find search terms that can be easily ranked and attract searches every month. Once you’ve decided, you can incorporate them into your content.
  3. Send a Sitemap to Google: Create a sitemap for your website using a WordPress plugin or tool and submit it to Google through the Search Console. This will give Google a clear map of your site and its internal pages so that it can rank higher.
  4. Content page bulk up: The more content you have on your pages, such as your product page and homepage, the better Try to bulk them up to at least 1,000 words of valuable text, and as a result you will see rankings improve over time.
  • Create links through guest blogging

If you love writing lots of content and want to take your SEO campaign to the next level, one way is to start guest blogging on other websites.

Guest blogging not only gives you the opportunity to build links to increase your site’s domain authority, but it also helps you become a better writer – and it puts your brand and your name in front of a new, established audience.

To start a guest blogging strategy, first, decide which websites you want to write for. Chances are you won’t find a contributing slot in the Daily Mail or The Huffington Post overnight, so keep your sights low and find respectable, genuine blogs in your niche that are taking content from others.

Once you’ve found a couple you think is appropriate, send a pitch and let the blogger know that you’re interested in writing for them. If they accept, work to write some great content for their website and promote it after it is published.

Guest blogging is a great way to build relationships with other bloggers and business owners in your niche and you can often make new friends in the comments section and on social media.

Guest blogging is a transactional exchange between a webmaster and a blogger, try to move away from that idea and instead think of big pictures and possibilities in each guest blogging placement. Even if you can’t find new clients, you’ll still make new contacts.

  • Create a buzz on social media

Social media is, without a doubt, one of the most effective marketing strategies for small business owners, so don’t delay in signing up for profiles on every major network. Once you’ve set up an account, written biography, and added your logo and a featured image, work on creating content that your audience wants to share with their friends. Put it this way: The more people who share your content and interact with your brand, the more reach you will have.

If you want to stand out from the competition, create your own social media content. Photoshop can be used to create attractive GIFs and graphics; Your blog posts can be retrieved and used in social media posts to encourage people to click on your website, and you can take pictures from your office while you work on new products to show the development.

Unwrapping the wrapper

There you have it – some ways you can promote your small business or startup online for free.

Remember that the more time and effort you put into your marketing campaign, the more you will come back from it, so find the time, be consistent, experiment with new ideas and don’t give up. Success is just around the corner! Good luck.