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Business – Reginald Chan

Reginald Chan

Category: Business

  • Reasons Why You Might Want to Invest in Cryptocurrency

    Reasons Why You Might Want to Invest in Cryptocurrency

    Do you know how people repeatedly say change is constant? It is more difficult to adjust and adapt to change even when it is staring you in the face, and this is where a lot of people have challenges. One big change that has come to stay would be how cryptocurrency is changing the narrative when it comes to the legal tender that people use in their everyday transactions. Admittedly, it must have been pretty difficult for people to adapt to internet banking and the likes. 

    However, changing the modalities of payment that everyone knows may still be herculean even in the minds of people who are not regressive in their thinking. Here are some reasons why investing in cryptocurrency may be your best decision yet.

    Dynamism 

    Many people test the versatility of a business by their dynamism in challenging times and the ability to remain relevant with every passing phase of life, and they are right. Cryptocurrency has come to replace the traditional ways of banking that we have grown accustomed to, and like every investment opportunity, there are risks to it. One thing to note here is that cryptocurrencies have decentralized systems, making it incredibly easy to carry out transactions even across borders. 

    It also takes away the need for physical banks, and although this may sound like it’s putting a lot of people out of their jobs, it is for the best and will foster smart work instead of hard work. Moreover, on www.nomadinvestor.com you can see in detail why cryptocurrency may be the future, and how simple are all the transactions and other processes. Another aspect is that it gives the investor freedom to deal with their money the way they please and control it. Cryptocurrency is fast becoming a legal tender across continents and gradually the globe, and it would be a swell thing to do to jump on this train.

    Return on Investment (ROI)

    Well, this is probably the oldest trick in the book. People invest in businesses because of the possible return on investment guaranteed. Cryptocurrency is one of those ventures that guarantees a high return on investment, which is a strong reason to plunge in. Let’s use Bitcoin, which is a type of cryptocurrency, as an example. People and investors have learned the art of trading with bitcoins and have made a lot more profit than they could have with other stocks. 

    An aspect that any investor should understand is the volatile nature of cryptocurrencies. This suggests that you could make millions within seconds, and you could lose a lot of money in the same manner. This is where risk evaluation is pertinent. 

    Simple Nature

    Cryptocurrency transactions have come to take away the tedious nature of banking. Investments in cryptocurrency do not require any filling of forms or frequenting banking halls, all to your detriment. With this new age investment platform, you get to control whatever form of investment you require from the comfort of your home. You could buy and sell with ease because the liquidity of cryptocurrencies is high. You can also invest with whatever amount of money you have as there is no threshold for such investments.

    Futuristic

    The invention of cryptocurrency has opened up the possibility of much more, and this is what people are keying into. Eventually, the value of cryptocurrencies will skyrocket as it is steadily building, and this is the prayer of every investor just so they can make a larger profit. Cryptocurrency is innovative, and several countries are gradually getting the hang of crypto trading by making it legal. The world will become one big trading pool shortly, which is one reason you should invest in any cryptocurrency of your choice. 

    One other reason to invest in cryptocurrency is the popular saying which goes thus “one should never put all their eggs in one basket.” Speaking, it is a better idea to have more than one investment in more than one place. We all know investments are a risk, but it might just be better to spread out your investments to not fall into crisis if one does not pan out. Cryptocurrency may just be the future of the conventional banking systems we know. There are different types of cryptocurrencies out there, and there’s no debating that the sky will be the limit.

  • 6 Ways to Streamline Your Digital Marketing Efforts

    6 Ways to Streamline Your Digital Marketing Efforts

    Marketing is more complicated than it used to be thanks to the introduction to social media and internet advertising. With so many avenues to market a single product or business, it’s more important than ever for your team to establish a workflow that increases overall efficiency. To reduce deadline stress, use these 6 methods to streamline your digital marketing efforts.

    1. Use the Right Tools to Stay Productive

    Reducing the amount of software you use can instantly make your team more productive. For example, if the bulk of your digital marketing force switched to one social scheduling tool, they could drag and drop each piece of content inside of this program. It can be difficult for each member of your team to stay up-to-date with all of their business clients if they’re switching back and forth, so ask your clients to conform to your methods, not the other way around. Plus, your team won’t have to be trained on a new scheduling tool every time you sign a new contract.

    2. Create a Shared Workspace

    Keep a schedule for your team to keep track of, whether you’re by yourself or have a small marketing team. There are multiple calendar programs available to suit your needs. Even something as simple as Google Calendar can keep everyone on track for each promotion. With a schedule, it will be easier to adjust changes on the fly, which will result in fewer missed deadlines. It may also be necessary to store marketing content as it’s being created on a shared online workspace, like on Trello, to brainstorm ideas before they’re concrete and ready to post.

    3. Establish a Digital Marketing Guideline

    Define your marketing process with your team to reduce the number of questions or internal conflicts that could arise between clients or project heads. Consider creating a shared resource on Google Docs or via the Cloud to establish what brand voice you want to make. For example, your branding’s tone and voice should all be the same across each marketing platform, so customers immediately recognize your products. You may also want to jot down grammar and punctuation rules, continent creation guidelines, and the approval process for editors.

    4. Choose the Appropriate Marketing Channels

    Sometimes streamlining your digital marketing efforts can come from reducing the number of places you post advertisements. For example, traditional marketing (billboards, radio, television) should be reduced where necessary because it’s expensive and only reaches local customers. Spreading yourself too thin on social media platforms could also cause chaos and increase the urge to cut corners. Email marketing may be appropriate if you have a website because it gives direct access to your customer base. Adjust so you only hit the platforms that will benefit you.

    5. Set Goals for Your Team Members 

    All businesses should create an atmosphere that’s goal and achievement base to know what they want to accomplish. Try not to set a goal that is difficult to obtain, like hitting 100k followers on Instagram in the next month when your business only has 5K. Instead, ask your team to reach 10K in 2 months or after a month-long campaign, as that is less overwhelming and achievable. Create goals associated with boosting brand recognition, driving traffic, promotion, conversion, and engagement because they will get you to that follower milestone.

    6. Choose Whether to Outsource, Automate, or Hire

    As a new business, you may not have a full team of employees. If you do, you may start questioning whether certain aspects of your digital marketing workflow can improve through automation, outsourcing, or with new hires. Hiring may be the option if you need someone in-house to form several duties, but outsourcing will come in handy if some aspects of digital marketing, like content creation, are possible remotely. Automation, especially in customer service, can free up time for your digital marketers to perform more tasks without distractions.

  • Planning to Start a Subscription Business? Learn From These 5 Companies in the Big Leagues

    Planning to Start a Subscription Business? Learn From These 5 Companies in the Big Leagues

    Starting any business is intimidating. There’s a lot to learn about the items you’re selling, the market you’re selling to, and how to market your product. However, plenty of other companies have been precisely where you are now: wondering how to bundle and sell items at a low cost. In fact, these industry giants know how to create and maintain a thriving subscription box service!

    Let’s take a look at 5 of some of the most popular subscription boxes and why they work.

    Bouq Co.: From Shark Tank to Flower Selling Moguls 

    Bouq Co. founders John Tabis and Juan Pablo Montufar noticed an issue in the quality of flowers being sold in the industry and the shady marketing tactics online retailers would use. The Bouq Co. delivered farm fresh flowers directly to your door and didn’t hide the price until checkout. Through Montufars’ hydration process, flowers typically lasted 2 to 3 weeks.

    Tabis and Montufar rolled out overnight shipping after receiving criticism from Shark Tank that your average consumer typically forgets birthdays and holidays. Now, you can purchase flower delivery for Mother’s Day and still ensure your mother gets her present! Plus, as a subscriber, you get 30% free shipping, flexible delivery days, and beautiful floras! 

    Bark Box: Gifts and Treats for our Furry Friend

    Over 63 million households own at least one dog in the United States. With that many dog owners, it was easy for founders Carly Strife, Matt Meeker, and Henrik Werdelin to come up with a solution to a problem dog owners didn’t know they had: finding the best toys. BarkBox services over 1 million dogs monthly and can attribute that number to clever marketing. BarkBox uses Instagram to promote their business. With plenty of cute dog photos, well-crafted dog memes, and pictures of happy dog customers, it’s no wonder people choose to follow!

    Candy Club: Their Success Speaks for Itself

    Who doesn’t love candy? Candy Club founder and CEO Keith Cohn likely asked himself that question when he started a candy subscription service in 2015. While candy doesn’t come in short supply, the variety can sometimes be scarce unless you go to a specialty store. Even then, there’s still the issue of geographic location, shipping costs, or rare snacks.

    Candy Club has all of your favorites: gummy bears, chocolate-covered almonds and taffy but adds a unique spin. Plus, the monthly rotation of six 6-ounce candy cups keeps the box exciting and new. Candy Club’s secret isn’t the product: it’s the marketing. Through affiliate marketing, Cand Club has successfully garnered over 50,000 members and counting!

    Itpy: Quality Deluxe Cosmetic Samples

    YouTube beauty vlogger Michelle Phan started her own subscription service on the back of her already large fanbase and social media following. Their growth model focuses on driving subscriptions through Michelle Phan and other popular beauty Vloggers. However, their collaborative efforts with other beauty companies is what makes this box unique because they feature both small and large makeup brands. They have spent virtually no money on advertising and instead offers mentorship, access to studio space, and a larger platform.

    Dollar Shave Club: Cheap, Yet Powerful Razors

    While skimming this list, you probably said, “I know this brand,” which is a great sign for their marketing efforts. Dollar Shave Club, created by founder Michael Dublin and Mark Levine, came together over their frustration over the cost of razor blades, and who could blame them? With over 2 billion tossed razor blades per year in the U.S. alone, that cost really starts to add up.

    Although they started their company in 2011, they didn’t see any real growth until March 6, 2012, when their YouTube video entitled “Our Blades Are F***ing Great” went viral, garnering 27 million views as of 2021 and 12,000 subscription orders. Through YouTube advertisements, they’ve continued to see massive success. Plus, their razors are actually “F***ing Great.”

  • The Ultimate Silver Buying Guide In 2021

    The Ultimate Silver Buying Guide In 2021

    Investment in precious metals such as gold and platinum is gaining much popularity. Investors are continuously diving into silver buying. This is because of the high demand it has in the market. The high volatility associated with silver makes it catch the attention of many. There are different forms in which you can buy silver. The common ones are bullion, coins, and rounds.

    The demand and supply curve regarding this precious metal affects its status. It normally has a wide application in many industries from jewelry to the battery. This makes it even more relevant in commercial settings. It is considered a safer investment than a fiat currency. Silver is typically rarer than other industrial metals hence it’s able to maintain its value. It is a great idea to buy this precious metal. Here is an easy and practical guide to follow for your 2021 silver-buying mission.

    Why Is Investing in Silver Important?

    Many people focus on the more expensive options of rare metals when doing investments. This leaves more gaps in the silver investment world. It may bring about more profits than you ever thought of. In comparison to others, it has higher volatility in the market. Despite the intrinsic value being on the lower side, it beats all when it comes to value increment.

    With high volatility comes the issue of more gains. This is mostly in the bullish markets whereby the prices are expected to keep rising. 

    With few silver investors, it means less competitiveness hence safer investment opportunities. It caters also to the liquidity aspect. Many manufacturers use silver as a major raw material for production thus you can be sure of unending demand.

    The Pricing of Silver Bullion

    Even as there are options of silver investment options, bullion ranks high on the list. It is liked for the simplicity which comes with it. As an investor, straight-forward approaches make you save money and time as well. There are three forms in which one can buy silver bullion. This can be in coins, rounds, or bars.

    When purchasing silver coins, consider going online. The relevant site makes the process of ordering effortless. Most of the payment methods are also straightforward. Knowing the prices for silver is the right way to start and the price of silver is influenced by many things so, sometimes the variance comes from the method of payment you use. For instance, when using credit cards. This is mostly since the dealerships need to maintain profitability after paying the credit card companies.

    The cost of silver coins is relatively higher as compared to the total price per ounce. The main reason for this is the additional costs incurred during the minting process. It also comes from the artistry and additional quality incorporated. The manufacturing costs for the bars and rounds are relatively lower.

    The coins also have a historical value which makes them more valuable. This refers mostly to the older coins as opposed to the newly minted ones. Most stores classify the different coins under several criteria such as based on historical significance.

    Best Time to Buy

    It is necessary to keep a good track of the fluctuations in the market value of silver. There are key reasons which bring about the rise and fall of cost. The minting rate by the government has a great impact on demand. This means the lesser the minting the higher the demand in the market. Focus on the supply-demand curve before you proceed to make a purchase.

    Going to different markets can be another worthy option. The online research again allows you to identify the variance in the pricing for silver in the different markets globally. With the online stores offering shipment options, it is possible to place an order from a different region and receive your package at your doorstep. This may take longer sometimes depending on the distance your shipment will cover.

    Find Reliable Bullion Dealers

    In the precious metal industry, there are many dealers ready to offer you the silver bullions. It is for you to use the right strategies for narrowing down for the best. The best way is to check how they conduct sales. For the deliveries, for instance, look at the efficiency and confidentiality in the process.

    The packages should not tamper with the quality of the products in any way. Look at the policies attached to the purchase. Check whether they have the guaranteed buy-back options. They need to be fast with the deliveries.

    Investing in precious metals is a worthy choice. Silver may not have a high value like gold and platinum but a profitable option for investors. This is partly from the high volatility associated with it. When buying silver bullion, consider knowing the issue of price well. Know the aspects which influence the pricing. Never forget to find the right dealerships.

  • How To Be A Fruitful and Successful Forex Trader Using These Practical Tips?

    How To Be A Fruitful and Successful Forex Trader Using These Practical Tips?

    A forex trader is someone whose business or occupation is forex trading. Forex trading refers to the act and business of trading the currencies of various countries. The forex market is a very dynamic market because the value of the foreign exchange of various countries’ currencies keeps on changing daily (sometimes hourly). As a result, if you want to be a successful forex trader, you need to be highly proactive and analytical so as to make smart decisions. To enable you to do this, you should consider the following tips:

    Don’t Stop Learning 

    Just as in any other field, it is important for anyone who is planning to be successful in forex trading to thoroughly know his craft. This is because it is only someone who understands the nuances of forex trading that can navigate through the various situations and circumstances that might come up while making a trade and be able to steer them into profitable outcomes.

    Some traders have paid the price when it comes to studying how to make successful trades in forex and as such have begun to experience some form of success in their trades. This makes them quite confident that they believe that they have known or seen it all and stop learning because they feel that the level of knowledge they have is more than sufficient enough to make them successful forex traders. This sort of attitude sets them up for failure because the world of forex trading keeps on evolving and the only way you can keep up and ensure your methods or strategies do not become obsolete is to always feed your mind with new material and continually learn new things about forex trading. 

    Additionally, Traders can benefit greatly from reading reviews, as they provide valuable insights into the Forex market. For example, reviews can help to find out the best no deposit Forex brokers or provide successful trading tips, as well as insights into trading platforms and customer support. To make informed decisions, it’s important for traders to conduct thorough research and be open to adapting to market changes. By staying informed and up-to-date with market trends, traders can increase their chances of success.

    Attract Enough Investors 

    The reality concerning forex trading is that the amount of profit you would make depends largely on the amount of capital you are investing in the trade.

    No matter what you know about forex trading, it is almost impossible to make profitable trades on a level that can be regarded as successful if you do not have a high amount of capital. Thus the importance of capital to forex trading cannot be overemphasized, especially on trading platforms such as plus500. If you are a forex trader who is serious about making successful trades you need to be able to raise a high amount of capital to put into the trade. One of the most effective ways to do this is to attract investors. 

    Investors are individuals who are convinced about the profitability of your forex trading and as such commit financially to your trading business with the aim of getting profitable returns from your trades. Investors are highly important in any business because the more investors you have, the wider the range of your trade and the larger your profit.

    Thus, any forex trader who is intentional about being successful must be intentional in attracting investors by reaching out, preparing proposals, and many more. 

    Surround Yourself With Like-Minded Forex Traders 

    Birds of the same feather flock together, they say. Show me your friend and I will tell you who you are, they also say.

    Association is a very important factor in the life and success of any individual and whatever he finds himself doing. This is because the people around you can through their beliefs, character, and mindset have an influence on you positively or negatively. This influence can affect the things you lay your hands to do including forex trading. 

    It is true that the more successful forex traders are surrounded by several other successful traders. They do this to receive motivation to work harder, get hot tips that will enable them to make smarter trading decisions, and also discover new skills, knowledge, or techniques about forex trading that they can employ and incorporate into their trade. 

    For these reasons listed above, it is better for a forex trader who wants to be successful to surround himself with other forex traders who also want to be successful. This would greatly increase a forex trader’s chances of becoming successful, especially when compared to what his chances would be if he was on his own and isolated from other traders. 

    As a forex trader you need to be very sharp and sensitive because the forex market can be very dynamic and as such, sizable profits can be found in making smart decisions and seizing the right moment. The more you do this, the closer you are to being a successful and fruitful forex trader. In order for you to do this, you need to ensure you continue learning more about forex trading, attract several investors, and surround yourself with like-minded traders.

  • The Student’s Guide to Effective Online Research

    The Student’s Guide to Effective Online Research

    Research can be grueling and time-consuming. Thanks to the internet, you can access an endless pool of information with a few clicks to get you started. People engage in research for various reasons. Whatever the case, knowing how to achieve your research goals is a necessary skill in the digital space. With the steps below, you can hone your skills and become an expert researcher.

    Incorporate Appropriate Search Tools

    When browsing the web, you can either use search tools or select credible websites. There are various web portals to use for your tasks. Currently, the most popular search engines include Google, Yahoo, and Bing. Google owns the largest database and provides an extensive selection of results. Using Google Scholar, you can easily find academic articles which rarely appear on general search results.

    Getting the Most Out of Search Tools

    Finding a reliable search tool is just a small step in the research process. To ensure that your search engine gives rich results, here are some tips:

    • Be Specific

    To sift your search, try to be as specific as possible. For example, typing “rocking chair” will give more general information than typing “wooden rocking chair.”

    • Use Simple Words

    Using the simplest form of the keyword for your search yields better outcomes. Avoid adding prefixes or suffixes to your words. For example, use “luxury” instead of “luxurious.”

    • Take Your Time

    The results appearing first might not match your expectations quality-wise. It is better to take some time and skim through the bottom results or those on subsequent pages.

    • Incorporate Quotation Marks

    When you enclose a word with quotation marks, search engines can generate more specific results.

    • Omit Unnecessary Words

    By placing a minus sign before a word, you can find higher quality information as such words will not feature on your results page.

    Identify Your Research Topic

    When scouring the internet, it is easy to get overwhelmed by the numerous sources of data. Having a well-defined research topic is the first step to an effective research process. If you find it challenging to pick a topic, consider using https://essayservice.com/essay-topic-generator for interesting essay headlines. It is advisable to identify the main keywords to give direction to your search and avoid distractions. Experimenting with different keywords ensures access to detailed information specific to your headline.

    Use Reputable Sources

    There is a vast collection of online materials to use; some are factual, while many contain falsehoods. Using credible sources in your work helps build trust and strengthens your findings. Finding reputable sources involves identifying these sources and knowing how to evaluate them for possible bias. There are two main sources of research material: primary and secondary sources.

    Primary sources include interviews, speeches, case studies, clinical reports, autobiographies, and dissertations, while secondary sources present content from a different source, whose author may not have participated. They include publications such as journal articles, e-books, literature reviews, and bibliographies. Combining both primary and secondary sources is necessary for a balanced paper.

    Qualities of Reputable Sites

    Whether you opt for primary or secondary sources for your work, it is imperative to identify reputable sites for your online research. Here are some pointers to a site’s credibility:

    • Relevance

    Generally, content is relevant when the date of publishing does not exceed ten years. Older articles tend to have outdated information that may have been proven wrong by new studies.

    • Availability of Proof

    Various elements like charts and result findings go a long way to validate a source, as long as they are a true representation.

    • Author

    Established authors have a large following and a name to protect. They put a lot of work into their projects to provide credible information.

    • Origin

    You can determine a site’s reputation by identifying its origin. Government websites, denoted by .gov, are reliable resources for your research.

    • Purpose

    What purpose does the content serve? Is it promotional in nature, or is it educational? Anyone can create a website and share one-sided information with the public.

    • Target Audience

    Establishing the audience can help you identify a reliable source. For instance, scholarly articles published for academic audiences are the result of extensive research and are a reliable source.

    • Scope

    Reliable sources like books are comprehensive enough to guarantee credibility in comparison to magazine articles, which contain limited information.

    Prepare a Rough Draft

    Once you have gathered enough material to start working, it is always advisable to prepare a rough draft. Apart from ensuring your ideas flow seamlessly, a rough draft ensures that you do not omit vital points as you write. A draft needs brevity and clarity to avoid doing double work and disorganizing your ideas.

    Conclusion

    Developing research skills takes time and effort but goes a long way to ensure you deliver quality academic papers and earn good grades. By following these guidelines, it is just a matter of time for any student to move from average performance to an excellent one.

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