Category: My Blog

The Impact of Electronic Commerce on Business in Modern Era

Nowadays the internet and virtual companies have dramatically changed the traditional economic markets and have brought about a healthy competition that has been never seeing in the past. The internet opens up a lot of ways to make a flexible competition in the market, most of them offering the better-priced offers to sustain in the market.

Before going in deep into the E-commerce let’s first understand the meaning of E-commerce. It is a process of buying and selling products or services through electronic systems such as computer networks or the internet. It simply means whatever you buy or sell through the internet, you become part of E-commerce.

What are theE-commerce Models?

Depending on the investors involved in the business transaction the E-commerce can be divided into four main models such as

  1. Consumer to Consumer (C2C)

In this model the consumers directly involved to sell their products to other consumers. This process is done through an online auction website which brings buyer and seller together to make deals. For example, through ebay.com you can search items which are interested in.

  1. Consumer to Business Model (C2B)

This transaction conducted between the consumer and a business enterprise. In simple the consumer is the seller and the business is the buyer.

  1. Business to Business Model (B2B)

It is considered one of the fastest growing sectors in the E-commerce industry. In this model the exchange of products or services between the businesses at the wholesale level.

  1. Business to Consumer Model (B2B)

It involves the trading is conducted between business organizations and consumers. The business firm sells their products to its customers through the internet. The official website provides all information regarding the product through an online catalog and store in a database.

Impacts of E-commerce

The impacts of E-commerce mainly affect three major stakeholders; business organizations, consumers and society. E-commerce reduces the cost of marketing and promotions such as advertisements and so on. For instance now some multinational companies like DELL, LG upload information on their new products on different websites thus saving advertisement cost and invest more in boosting business. The consumers can use the interactive web stores in E-commerce system that helps to see the products their descriptions, reviews and can purchase through online by credit cards, digital wallets and so on. This would reduce the labor cost and get the branded products at lowest rates. These online marketing strategies reduce the time of both vendors and customers in a way that the vendor needs only a well-developed website where he can upload his products. Therefore, the consumer can browse their products according to their real need and just then order directly from vendor sites, to learn more about it. The multiple payment systems bring E-commerce to our hands and improve the business standards in this modern world.

Online Trading – A Basic Understanding

Today is a universe of innovation. The people who adopt with this innovative technology become successful in their life. Nowadays online trading has become popular for all age groups. The trading which is done through electronic means is known as online trading. The trading process can be done by any person with basic knowledge of internet and computer through which one can invest their money in the stock market. The trade can be done at any time, at any place when the stock market is open. The transaction cost is reduced with time. A large number of options is available for investors. The online trading is a paperless exchange so it lessens the expense of the company. The vast majority of the trading portals charge a basic registration fee and brokerage on different conditions however it is essential for the organization to keep focused on client-centered activities it helps to be in attendance.

 

Characteristics of Online Trading

  • The product cost would be less by reducing the supply chain network.
  • Enhance better customer service.
  • Customer service is available for twenty for hours a day, seven days in a week and moreover three sixty-five days in a week.
  • It is easily accessible than the traditional
  • It always gives the latest up-to-date on products.
  • It identifies the market trends and produces new products depending on the customer’s

 What is the Process Involved in Online Trading

The online trading activity is only done through the internet without physical inclusion. The investor should register in an online portal. By this, the investor makes an agreement with the firm and the terms and conditions included in the agreement. After registration, the online trading portal servers are connected at any time with the stock exchanges and selected banks for processing the order at a time. The investor always gets the current status of orders and updates via e-mail or through the interface. The important thing is that the system should interface directly with the exchange without any issues. The data which transferred must be safe and cannot be accessed by any other person. Nowadays the private bank sectors offer three in one accounts which link your trading account to savings banks and demand accounts for an easy transaction. And also provides a single window system for all transactions and a single screen for the completion of the order process. It gives an offline-storage facility which backed up periodically.

Online Transaction – The Future

Online trading allows more and more investors and sellers to carry out transactions which in turn help the financial institutions by helping the stock market to reach its goal. Although market fragmentation may occur due to entering of too many competitive suppliers, its effect may not be long-lasting as more and more people start using the internet to trade, the number of suppliers and consumers would even out. The future trend shows that the number of inexperienced investors using online trading will increase due to ease of convenience and publicity. Such new entrants would require knowledge and advice from e-brokers and learn more about it, online investing firms will have to provide more personalized service.

Run A Successful Business

Run A Successful Business

Do you have plans to take over an existing business? Then there are a few factors mainly one need to consider while taking over an existing business. You would be dreaming to change that business into money-making the machine. In order for your dream to come to reality, you need to sit down with the business partner, advisor or mentor along with the top management team to discuss the below-mentioned factors which have to be given immediate attention. As you are trying to turn around the existing business into a successful one, you could use the help of an automated trading robot to generate few additional bucks. Read the review here to know about the benefits of opting for an automated trading robot.

Factors that need attention

Lower the direct cost by at least by 3%- You could visit all the suppliers and try to negotiate on the pricing. If you are able to convince and get a better a price, then you would make more profit on each sale.

Terminate the underperforming staffs and suppliers- You don’t have to put up with this employee who is not performing up to the standard or continue with a supplier who is been always creating a problem for the business like making delay in supplying the products, not giving quality product and so on. You can ask them to leave and replace them with better efficient people.

Work upon the marketing area- You need to go out and do networking to find what it takes to own the market.  You should learn about low-cost marketing and social selling which will be quite helpful for your business.

Find different ways to increase sales- You need to find new ways which will make customers buy more than they are currently buying. One way you can do this is by going for upselling in store.

Encourage customers to buy often- You should find ways to encourage the customers to visit the shop more often. You can start sending out newsletters or do social media campaign which compels the customers to visit more often and buy the products.

Rethink about pricing- You can sit with your financial and product team to find how much you can increase the price of your product so that the profit will go up by each sale.  But you need to take care that the pricing should not push away the existing customer.

 

Make Your Own Trading Model

Make Your Own Trading Model

A step-by-step, clearly defined, rule-based structure to govern the trading activities is known as a trading model.  There are many benefits associated with using a trading model to conduct transactions. If you don’t have spare time to invest in to come up with your trading model then you can use auto-robots to do the trading for you. Go through the review here to learn all about auto robots.

To build the trading model on your own, you need not possess advanced-level knowledge in trading. However, you need to have an understanding about the why and how prices move, how to capitalize the opportunities practically and where does the profit opportunities exist.

Basic steps in formulating the trading model

Step 1- Conceptualizing the trading model- As the first step, the trader has to study the historical movements of the stocks in order to identify the trends so that the concept could be created. Concepts are the result of extensive analysis of data.

Step 2- Identify the opportunities- You should identify the opportunities that are right for you or the stocks to trade. This step involves verifying concept against the historical data. You can easily download the data of stocks from different finance portals or exchange websites. After the analysis, you will be able to find the stocks that give a positive trend for a particular duration. If the positive results are more than the negative results, then you can go ahead with the concept or else you need to discard the concept and begin from step 1.

Step 3-Develop trading model- In this step, the trading model is fine-tuned and necessary variations are introduced which are based on the concept’s assessment results. You should continue verifying across the large datasets and look for more variations. Also, you can use the computer programming to help you identify the profitable trends. Your main aim should be to improve positive outcomes that will lead to more profitability. Remember that there is no such thing as a perfect trading model.

Step 4- Go live- After considering the above testing’s results and analysis you need to make the decision as to whether to go live or not by investing the real money. Once you go live using real money, it is very much important that you continue to track and assess the result. Also, you need to have a backup plan in case if things don’t go as well as planned.

This Is One Software That I Can Trust Even With My Eyes Closed

This Is One Software That I Can Trust Even With My Eyes Closed

 

I have been scammed enough!

I began trading two years ago when I lost my day job. Ever since I have been looking for a new job but without much success, I came to know about online trading from a friend who was studying with me at the university. Apparently and he also told me that his luxurious lifestyle and fancy living was all due to online trading.

Obviously, I got interested and I asked him to explain to me. Too many unsuccessful attempts later and having been robbed of precious savings, I was almost about to call it quits with online trading when another friend of mine told me about uTrader SpotOption trading software. I had only $300 left in my account then.

I decided to test my lady luck!

That moment of dilly-dallying actually tested my faith. I finally decided to put my money into this new software expecting nothing biog to come out of it. My mindset was that if I were even able to recover my own balance I would be very grateful.

Wait, but something amazing was waiting to happen in the wings!

This software which touts its return to be pegged at eighty-five percent was a god sent for me. In only a couple of hours, I had made about $100 in profit. I could never have believed my eyes. I double checked all the charts and made sure that I was seeing and clarifying the right thing!

Yes, the software was a completely legit one.

I could sense that excitement going up and down in my body. This euphoric feeling was something that I had never ever encountered because I had never been able to make any profits at all in my two years of the trading stint.

But here was mind-blowing software that almost blew me over with its integrity and professionalism. It has been more than a year since I have opened my account and I must tell you that I have been able to make quite a lot of savings.

My wife believes in karma:

She tells me that all the money that we are able to earn through this superb software is God’s own way of returning all the money that we lost to the spineless fraudsters who never bat an eyelid even after looting thousands of dollars from gullible traders. Sometimes, she wonders aloud if they even get sleep or if they will ever be ridden of their guilt of cheating so many people!

 

Best Tips To Earn More Profits Trading Cryptocurrencies

Best Tips To Earn More Profits Trading Cryptocurrencies

Trading is one type of investment that comes with no rule book. You get to set your own rules and you get to decide how much profits you want to make. With the freedom to extend your investment at any point and with the freedom to start or stop at any time, this is one of the most flexible investments out there. Trading can be done either after a deep study about the various instruments and the types of trading strategies or with the easy trading bots like uTrader.  When you choose cryptocurrencies you are in luck because there are not many regulations at the moment. But even if the regulations are brought in place it would only make things better for the crypto traders. The factors that affect the price changes of cryptocurrencies are very much different from the factors that affect the other markets. With many countries actively coming forward to introduce laws governing cryptocurrency trading, there is a severe tension in the market. There are many investors who are waiting for the prices to settle down and for the volatility to reduce. But there are many others who are proactively making use of the volatility and making quick profits.

Here are some tips that would help you maximize the profits made as a crypto trader-

Do not ignore bitcoin

You might find a lot of variety when you invest in altcoins but bitcoins are still considered to be profitable. Though this coin has seen a lot of growth there is still space for growth. So if you have the capital to afford bitcoin investments it is a strong choice to have as a backup.

The top crypto assets would talk a lot about the market

There are numerous altcoins but there have been many that have grown nearly as big as the bitcoins. Look for the top ten crypto assets in the market. An observation of the performance of these assets would help you understand the performance of the crypto market in general.

Buying the dip might be clichéd but it is still a valid option

When there are some major political events there tends to be a dip in the crypto market. While many do not buy the dips anymore, this is still an easy to follow strategy for the new investors.

The choice of crypto assets and the choice of exchanges also influence the profits you make. So take careful decisions to become a better crypto trader.

Perks Of Side Businesses

Perks Of Side Businesses

Owning a side business not only helps you with some extra income but can also benefit in many ways.  Starting a business needs a lot of efforts and struggles until it is well settled. It has many risks involved and not many dares to undergo this tedious process. But once the business is set one can find a lot of benefits. Business can be simple as trading in various financial assets using the trading software QProfit System, check this to learn more about it.

1) Control over your finances: You can have a small side business while working on your job. So in case, one day you suddenly lose your job or are not able to continue with it for some reasons, you still have a backup plan to rely on. You can keep working on getting back to your job or finding a new one and in meantime; your side business can support you.

2) Experience: Starting a business, no matter how small or big it is, needs a lot of skills and efforts. It requires you to work on many areas at the same time, adding a lot of experience in your work profile. You can use these skills in your full-time job to accomplish your tasks faster and with great efficiency.

3) Side Business to full-time business: Many people who started their side business, maybe just as an additional source of income, ended up working with it full time. You never know what works in your favor, a small idea can grow into a very huge business that no one had imagined. Starting a side business allows you to work on it at your pace and it is not the only income. Learning from the mistakes can help you settle in the business slowly but surely.

4) Repay your debts: You can do a lot of things with the extra income that you get from your side business, an important one to repay your debts sooner. Loans always come with a lot of additional expenses that can keep on increasing. Hence it is important to get out of these debts as soon as possible. A side business can definitely help to reduce the load on your salary.

5) Pursue your passion: It is true that not everyone loves the job they do. Sometimes you have to do the work so can earn a stable income to support your family. A side business, on the other hand, is something you can do to pursue your passion. Some may have the skill of creating beautiful paintings and also earn some cash by selling them.

How to ascertain at which stage of life cycle is your product??

How to ascertain at which stage of life cycle is your product??

Like we Human beings, the products also have a life cycle.  Sales and profit of a product will be according to its life cycle.  Also, marketing cost has to be planned according to the stage of the life cycle.  Let us see the stages of the product lifecycle:

Introduction stage:

When a product is introduced in the market, the buyer will not be confident about its quality or features.  Hence more promotion is needed in such a way to increase the curiosity amongst buyers.  The prices have to be naturally kept low and introductory offers and freebies are needed to promote the sale.

Growth stage:  Once the product gets acceptance and gains confidence the buyer will choose to repurchase and use more and more.  For example initially when cryptocurrency trading has introduced the investors were reluctant to try.  Now that everyone realizes the profit-making potential of cryptocurrency trading there is an increase in the usage of apps like Qprofit.

 

Maturity stage:

If the sale of your product grows at a diminishing rate, it has reached the maturity stage.  At this stage beware of competitors entering with similar products.   Keep the promotion efforts highlighting the unique features of your product.  Ensure a distinctive package of the product and use a competitive pricing strategy.

 

Decline stage:

In the decline stage, if your business has sufficient funds, invest in research and start upgrading the features of your product.

If that is not possible, it is better to stop incurring further costs on production and marketing.  You can opt to discontinue this and concentrate on your other products.

In this stage, much the sales and profit will clearly decline.  Hence any of the above ‘stop-loss’ initiatives have to be critically made.  Any delay in such decision will even result in winding up of your business.

At times high inventory balance may force you to produce further.  Be alert and avoid such unwise decisions.  It is better to liquidate the inventory as such and concentrate on other lines of the business.

Please note that just like introduction and growth, decline stage is also inevitable.  It is prudent to accept this stage and try to make timely decisions to move on profitably.

Sometimes when your business offers multiple products, each product may be in a different stage of life cycle.  Hence uniform price and marketing strategy does not work for all the products.

Taking into above all the above factors, plan your business accordingly.

 

Simple Ways To Use Automation In Finances

Simple Ways To Use Automation In Finances

Today if you wish to automate your trading activities there are bots like QProfit System to help you in this process. If you wish to learn more about it there are plenty of reviews you would find on the internet about trading bots like this one.

Budgeting automation

Automation is useful not just in trading but also in the overall management of your personal finances. You would find many budgeting apps and personal finance tools gaining a lot of popularity these days. This is because these tools allow users to track and control their finances on the go. Most of these tools also work on various devices like smartphones and laptops. Look for tools that also allow presentation of the gathered data as graphs and charts which are easy to interpret. There are tools that automatically classify your expenses into various categories. This helps you understand your expenses better to be able to budget better.

Investment automation

Automation of investments would also mean that besides setting aside money for your savings each month you are taking out some amount for your future financial needs. Here automation ensures that you only spend money after you have saved for the future. There are some investment plans that call for regular monthly payments and these can be easily automated by linking the investment account with your bank account.

Payment of bills

Bill payment, as well as repayment of the loan installments, are the best things to be automated. This ensures that you do not have to face any type of penalties due to late payments. And with the timely payment of the bills and loan installments, you can also boost your credit score and build your financial credibility in the eyes of the lenders.

Automation of the emergency fund accumulation

Most people have a separate savings account and separate funds for investments. A savings account is known to be liquid. Investments are known to fetch good interests. But there is one other type of fund to gather constantly and that is your emergency funds. These should be funds that are liquid. There are even some high-interest high liquidity investments which people choose as a source of emergency funds.

Automation might sound like a sophisticated thing to do. But today most of the banks have their own banking apps for the smartphones. If you explore the features of the app you are sure to find one or more feature that allows automation in some form.

 

 

Management Of Business Risk

Management Of Business Risk

The organization potentially encounters varied problems during the daily operations of the business and it is known as business risk.  Assessing and reducing the risk is all about making use of technology to monitor, understand and control risk.  Changes in legal liabilities, financial markets, man-made or natural disasters cause disruptions to the business operations.  Once you are able to identify the risk and prioritize it, you need to look for various techniques to handle them so its impact on the business is reduced.

Management of risk should be given your full attention or else the businesses will incur a loss. Hence if you are into trading, it is ideal that you opt for the service of trader as it could work on auto-pilot mode on your behalf on the basis of the preference set by you.

Dealing with the business risk

  • The first thing you need to do is to analyze the potential external or internal source of trigger points which can cause problems. You need to learn and be aware of the risks which that will affect the business.
  • Analyze the problems which you feel it as a threat to the business. You need to prioritize the risks with your leadership team. You need to conduct a technique of what-if analysis to get a better idea about different situations that might arise in future which would disrupt the business and prevent it from achieving the goals.  You need to conduct brainstorming sessions to work through the possible scenarios and questions.  Encourage the employees to give inputs from their early experiences.
  • Determine those events which would adversely affect the project and prevent the organization from attaining the strategic objective. You should train your employees so that they would be able to recognize and handle those events efficiently.
  • You need to examine different types of scenarios that would occur in business. Also, you should be able to identify those events which trigger undesirable occurrences.
  • After you have been able to identify the business risk, you need to create a contingency plan which defines the scope of the problem. The plan should also mention when it should be implemented, the series of activities to perform each task and who will perform those tasks.
  • Also, you could list down the common risks that are associated with all the business in the industry. You could also get information from the various website about the contingency plans to adapt to overcome these common risks.