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You are here: Home / Archives for 2020

Archives for 2020

How Information Architecture Affects Usability – Technology

March 17, 2020 by Asif Nazeer Leave a Comment

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When it comes to digital design, information architecture is all about enhancing the user experience (UX). Your website, software, and app must be designed in a way that is easy for your users to navigate.

The information must be divided into small parts. Also, information should be communicated concisely so the user can find the content they are looking for without any hassle. The process requires you to study your target audience thoroughly, define the context of your business, and provide valuable content.

Just like at the time of building a house, an architect needs a blueprint that has all the details. This includes floor plans and position of doors and windows. Information architecture gives the designer a blueprint for the users’ experience of the website. 

The elements of information architecture include search systems, navigation systems, organization structuring, tags, and labeling systems. Information architecture allows you to build a website that is optimized for maximum conversion. Let’s have a look at a few ways in which information architecture affects the usability of your site.

Information Architecture Improves the User’s Experience

The toughest part of redesigning or improving a user interface is to figure out which features are most vital. By developing infrastructure, designers must involve the stakeholders. Usually, however, stakeholders are not familiar with the process of designing.

information architecture

Still, they can provide you valuable information on how to communicate the content. This allows you to figure out the highlights of the project and lets you prioritize it accordingly as a designer. Information architecture (IA) will enable you to save valuable time while you build an improved product. That is what information architecture is all about.

IA Helps Correct Content Gaps

A designer may not have excellent command over the content he or she is integrating into the website. Still, they still must make sure that there are no gaps in the content. This is where information architecture comes in extremely handy for design professionals.

It provides you with a blueprint that projects content grouping, intuitive control, decision-congestion, recursive paths, and unused areas. According to designers, “IA has a tremendous impact on product design by making it easier for users to find important information.”

RELATED CONTENT: CREATING FOR INSTAGRAM: HOW TO OFFER CONSISTENT AND INSPIRED CONTENT

IA also differentiates between main content and extra information. This helps fill content gaps suitably. Additionally, IA helps enhance the overall quality of your website and improves SEO.

Information Architecture Mental Models and Improved Design

The mental model refers to the intuitive perception of an individual or a group of people. It explains a person’s thought process and how they think something works in the real world.

In simple terms, it is how an individual perceives their surroundings to deduce conclusions. Information architecture helps you understand your target audience’s mental model. This not only expands the designer’s knowledge, but it also allows them to customize a successful user experience.

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14 Ways You Can Transform Your In-Store Experience

March 16, 2020 by Asif Nazeer Leave a Comment

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How to Transform Your In-Store Experience
As online and mobile shopping become ever more prevalent, many brick-and-mortar stores are seeking to offer a truly unique, stand-out experience in order to entice shoppers to make their purchase in-store, as well as ensure they stay satisfied and loyal. To help highlight some of the approaches you can use, we asked members of Young Entrepreneur Council the following question:

“What is one way a company can transform their in-store experience? Why does doing this help?”

How to Transform Your In-Store Experience

Here’s what YEC community members had to say:

1. AR/VR Experiences

“Adding an AR/VR experience wherever possible can be a powerful way to improve customer in-store experience. You can use these technologies to educate customers, entertain them or show them how your product works. You’ll create a memorable experience and help them in their purchasing decisions at the same time.” ~ Blair Williams, MemberPress

2. Loyalty Programs

“Loyalty programs are used by virtually every industry across the board. Depending on the price and products you’re offering, there are several approaches to this strategy. If you sell small-ticket items, consider offering a buy four items, get one free on your loyalty card. If your products are on the high-end, you may want to consider a cashback program per dollar spent.” ~ Chris Christoff, MonsterInsights

3. A Navigable Layout

“You use design to enhance your online visitors’ user experience on your website, so why not do the same for your physical store? Knowing what your customers want and will look for once they enter your store is likelier to lead them where they want to go to increase sales. You can look at your current high sales and place those products at the front of the store, for example.” ~ Stephanie Wells, Formidable Forms

4. Personalized Interactions

“If you’ve visited a Starbucks enough number of times, you’ll find that the baristas remember your name and your frequent orders. This makes for a memorable experience and you can apply this to your own store experience. Train your staff to personalize their interactions with a customer and to remember their preferences. Doing so will make for great in-store experiences.” ~ Syed Balkhi, WPBeginner

5. An Integrated Online And Offline Experience

“Most retail customers research businesses online before stopping in. For some businesses, they book appointments or reservations using an app or visiting the website. Do everything possible to make the online and offline experience seamless. One example is letting people buy an item online and then pick it up in person. This saves time for the customer as well as the business and in-store staff.” ~ Kalin Kassabov, ProTexting

6. Prioritizing Customer Service

“Keep your employees happy. It’s absolutely wonderful to enter a store and be welcomed by people smiling and ready to help you. The energy of people changes the mood of any place completely. In order to achieve this, you must be monitoring your employee satisfaction closely. If they’re happy coming to work, then they will show it and portray it to your customers.” ~ Alfredo Atanacio, Uassist.ME

7. ‘Retailtainment’

“Retailtainment is just what it sounds like: the combination of retail and entertainment. Offering retailtainment to your in-store customers is a great way to bring more excitement to the shopping experience. For example, book stores can bring in authors to sign autographs and talk to readers. Or, a clothing store can hold a live in-store fashion show for shoppers.” ~ Thomas Griffin, OptinMonster

8. Online Coupon Clipping

“Online coupons are great for e-commerce storefronts, but they are just as effective for in-store customers. For instance, Bath & Body Works employees encourage customers that walk into their store to check out their app for some great coupons they can use in-store today. If you want to ensure this strategy, offer first-time customers to download the app for a free gift at checkout.” ~ John Turner, SeedProd LLC

9. Incentives To Keep Coming In

“The coffee shops I frequent all have loyalty programs, the typical buy 10, get one free. It seems so insignificant, but I find myself pleasantly surprised when my drink is on the house. This same approach can be put into other retail settings. For your die-hard regulars give them an incentive to continue coming in by offering them discounts, special events or a birthday reward.” ~ Zach Binder, Bell + Ivy

10. Being Personable

“One benefit in-store shopping will always have over online shopping is representatives who can help customers. Make sure your employees are personable and helpful when working with customers. If you have regulars, make sure you learn their names and their needs if possible. Customers will come back if they can build trust in your employees.” ~ Anthony Saladino, Kitchen Cabinet Kings

11. Adding Offline-Only Value

“Online shopping is becoming more popular and more convenient than ever. One way to enhance your in-store experience is to offer things that cannot be delivered online. If you have a supplement store, offer related services for free in the store such as a free body scan or a dietary consultation. A clothing store may offer free alterations and tailoring. Get creative.” ~ Karl Kangur, Above House

12. Speedy Service

“Thanks to e-commerce and the demand it has created for increasingly fast shipping and services, speed is everything. To make sure your in-store experience can keep up with online shopping, focus on offering fast service. In many cases, making a sale and losing the customer comes down to speed. Designing your store and services around speed is the first step in improving customer service.” ~ Blair Thomas, eMerchantBroker

13. A Shareable, Tech-Driven Experience

“People can now go online and buy products cheaper and with more options than you can have in-store. In an age of endless options, people are starved for unique experiences. If you design a compelling (and shareable) experience of walking into your store and interacting with your products via technology or service design, you’ll have people coming back and bringing their friends.” ~ Tony Scherba, Yeti

14. In-Store-Only Promotional Deals And Demos

“Offer a product or service that is only available in stores. In order to pull people away from online shopping exclusively, you must provide the value they can’t get anywhere else. Look at having promotional deals in stores only or offer a service or demo that comes with each product sold. When you make a product and experience, you expand its value and memory with the customer.” ~ Jared Weitz, United Capital Source Inc.
Image: Depositphotos.com

This article, “14 Ways You Can Transform Your In-Store Experience” was first published on Small Business Trends



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4 Tips to Manage Sales During the Coronavirus Outbreak

March 15, 2020 by Asif Nazeer Leave a Comment

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4 Sales Strategies to Use During the Coronavirus Outbreak

One of the biggest business news stories in the world right now is the coronavirus pandemic, and it’s affecting all kinds of industries from travel to industry events to global supply chains. The stock market has entered a new wave of volatility, prominent business networking events have been canceled or postponed, cross-border travel restrictions are complicating or canceling people’s international travel plans, and the entire country of Italy has shut down because of coronavirus.   

In times of crisis, when the news is full of shocking and ominous headlines, it’s important to keep calm and remember that there are still a lot of things that we can control and a lot of ways that we can make a difference. Just like we are all learning how to deal with the virus in everyday life by taking additional precautions like frequent handwashing, disinfecting frequently touched surfaces (like phones, keyboards and doorknobs), and being vigilant about properly covering coughs or sneezes, there are several strategies that sales teams should employ now to cope with the business impact of coronavirus. 

Maintaining Sales During the Coronavirus Outbreak

Here are a few key strategies that sales teams should use now to make sure you keep your sales pipelines functioning properly.

1. “Stock Up” on New Business Leads Now

Just like stocking up on supplies that you think your house may need in case of a quarantine, you also need to “stock up” on sales prospects. You should be doing that now rather than later. Devote extra time, effort and resources to prospecting and lead generation, right now, even if you’re currently busy. Even if you’re not in an industry that has been directly impacted by coronavirus so far, there is the possibility that this outbreak could lead to wider and more severe economic impacts. Your business will be well-served by having a deeper pool of prospective clients to work with over the long term. Even if the coronavirus turns out to be a short-term panic, or if it’s worse than expected and the U.S. economy goes into a recession, it’s never a bad idea to invest in a well-stocked pipeline of sales prospects.  

2. Reengineer your Solutions to Help with Coronavirus Concerns

Depending on what types of B2B solutions you sell, your prospects might already be having significant pain points and concerns about the coronavirus. Spend some time re-thinking and changing the angle on what are the key benefits of your products and services in a way that is relevant to coronavirus concerns. Is there a relevant sales pitch that you can make about how your B2B solutions can help your clients adapt to coronavirus and key benefits to help them get through the crisis? 

For example, many companies are already announcing an aggressive shift toward remote working and encouraging people to work from home. If you sell cloud colocation solutions, refocus your marketing efforts to sell remote access to companies who can keep their offices functioning by having employees work from home. 

Lots of other companies are having to cancel travel plans as big industry conferences and trade shows are getting postponed or canceled. If you sell a virtual event platform or collaboration software, this could be a great chance to show your prospects the value of being able to have their most important business conversations online, even if real-life meetings are currently not possible.  

The same selling points for your product that already were relevant before the coronavirus might still work, but you might need to slightly adjust your sales pitch to frame your solutions for people’s most urgent concerns. Your prospects might be dealing with several coronavirus pain points, such as… 

  • Worried about possible coronavirus-related disruptions to their business 
  • Adapting to new travel restrictions or coronavirus-related shutdowns in their supply chain 
  • Figuring out how to collaborate with remote workers in new ways
  • Enhancing their cloud security or business insurance to cope with emerging potential threats 

Do any of these pain points sound familiar to you, based on your clients and industry? If so, adapt these angles into your sales pitch. These are all possible angles to show how your solutions can help – during times of coronavirus and once life goes back to normal.  

3. Get Creative with Sales Presentations 

Coronavirus is forcing lots of businesses to cut back on travel and in-person meetings. That means web-based presentations are more important than ever. Start repackaging your sales pitch into a full-blown virtual presentation. Be prepared to do more of your pitch over the web instead of on-site meetings. 

This might require a change in your sales process. Perhaps you are used to doing an initial discovery-type phone call as stage one of your sales cycle, and then your next call would be an on-site meeting. On-site meetings may not be an option, as your potential new client may be working exclusively from home, or just not meeting face to face with anyone until the crisis settles down. 

Be ready to get creative and keep your sales advancing by doing things that you never thought possible. Such as…

  • Taking your client on a virtual factory floor tour (using FaceTime or mobile conferencing apps) 
  • Doing an in-depth product demo that includes your technical team who typically don’t get involved until later in the sale
  • Sending your client a YouTube video of your product or solution in action, and then talking through it via web conference while watching the video together

Think creatively. Use various collaboration tools. And look for communication apps to talk with your clients. Don’t worry if you can’t be there in real life. 

4. Don’t Panic, Don’t Stop Selling 

Avoid panic. And stop assuming the sky is falling. Keep selling and prospecting. Lots of people right now seem on the verge of panic about coronavirus. They have stocked up on toilet paper and canned goods. They seem to believe the economy will shut down. I don’t claim to be an expert. But I think the worst fears are overblown. (This article features interviews with actual disease experts. It shares some helpful and calm perspectives on the myths and realities of coronavirus.) Look out for some short-term economic pain. But I believe that we are going to get through this public health crisis without a 2009-style economic crisis. 

The stock market reacts to possible risks and uncertainty. Business travel gets canceled. Do you work on Wall Street or in the airline industry or hospitality industry? Then you feel understandably concerned. But the rest of us need to avoid panic. Life may not totally go back to normal right away. So look for ways you can adapt and keep doing business. 

Deals may get stalled in your pipeline. But make sure you keep them warm. And keep checking in with your leads. Some companies may hold back on investment until the uncertainty resolves. But look for the first sign that the crisis is ending. You should make up for some temporary losses very quickly.

Image: Depositphotos.com

This article, “4 Tips to Manage Sales During the Coronavirus Outbreak” was first published on Small Business Trends



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Handwritten Notes Will Make Your Business Stand Out – Ideas

March 14, 2020 by Asif Nazeer Leave a Comment

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Photo by Álvaro Serrano on Unsplash

If you want your business to stand out from the crowd, consider the effect handwritten notes will have on business-customer relations. Here are some easy ideas to get you started.

There is nothing more important for a business than
how it treats its customers, from the way it designs its products and services
for their use, to the manner in which it interacts with them in good times and
in bad.

There are many ways to engage with your customers. For example, there are in-person meetings and ever-increasing online communications, to name just two. However, if you want to stand out from the crowd, you should consider the effect handwritten notes have on business-customer relations.

Take a look at these easy ideas you can use to personalize your business-to-consumer relationship with the maximum effectiveness of handwritten notes.

Why Handwritten Notes Work

While modern technology has grown in leaps and bounds in recent decades, it is often used as an excuse to ignore the personal touch a business should have with its customers. For this reason, it is easy for a business to get lost in the white noise of email marketing and social media strategies that have become all too familiar with customers in this day and age.

What customers want most is to know you are going to be available to meet their needs. Writing a handwritten note will help you engage with your customers in a way your competitors are overlooking. Moreover, it will inspire loyalty in a way that mass communications or printed letters will never be able to accomplish.

Add Flair to Direct Mail

There are few challenges more difficult for a business than attaining new customers. However, when you have the opportunity to do so, you need to seize it immediately. To this end, crafting a handwritten note to a new or potential customer on a piece of direct mail is a great way to let them know that doing business with you is personal. What’s more, they will know right away that attention to detail is a high priority to you.

RELATED ARTICLE: SELL MORE WITH A MARKETING CAMPAIGN THAT INCLUDES DIRECT MAIL

When sending out a letter to a prospective client, make sure you make it easy to read. Therefore, write in short paragraphs and use bullet points when applicable. What’s more, stay focused on the main thing you want your customers to know about your business. Recalling a story about them or a customer in a similar situation will help them pay proper attention to what you have to say.

Photo by Giftpundits.com from Pexels

Send Handwritten Thank You Notes to Customers

Although getting new clients is essential to any growing business, it is just as valuable to ensure your current customers are satisfied. One big part of customer satisfaction is reaching out and letting them know they are important.

A benefit of a handwritten thank you note is it can be sent at any time, whether a special holiday is coming up or after you’ve had a recent meeting and you would like to have a follow-up.

When sending a thank you card to a current customer, keep it simple. Still, you can add a personal touch. Include a handwritten note to let them know you are thinking about them and that your relationship with them is meaningful. Don’t forget to start with a warm greeting. Then mention why you are thankful for their business and close with warm wishes.

Customers Will Remember Your Handwritten notes

No matter the occasion, sending a handwritten note can help your business make an impression. Importantly, it personalizes your interactions with customers. Make the most of your opportunities by taking these examples and making them your own.

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The Most Common Workplace Lie and Reasons Employees Fib at Work

March 13, 2020 by Asif Nazeer Leave a Comment

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Reasons Behind Fibbing in the Workplace

A recent survey has found that fibbing in the workplace is much more prevalent. Some 83% of people working in HR say they lie in the workplace according to Viking. This suggests HR staff are more likely to lie at work, outstripping other professionals.

Reasons Behind Fibbing in the Workplace

HR professionals would tell white lies to avoid socializing (25%) with fellow colleagues to avoid awkward conversations. Additionally, they would make up false excuses for not answering phone calls (22.5%).

IT and Telecoms workers (76%) come in second among those who lie in the workplace followed closely by those working in Arts and Culture coming third with 72%.

The survey of UK based employees cites that overall, 69% of workers have lied at work before. The most common fib told was lying about the reasons for taking time off (26%). Some have attributed to using the time off for job interviews that they did not want their employers to know about. Others have lied to avoid disclosing about sensitive appointments they did not wish to make known.

Though lying is frowned upon, some come with good intentions. Across the board lying to make a colleague to feel better (58%) is the most common lie in the workplace. Others include lying about liking the employer (58%); liking the company (54%); lying to a client (30%); or lying on their CVs (29%).

Who Fibs the Most

Younger generations seem to lie relative to others. Over three quarters (76%) of Millennials (25-35 year olds) have lied at work. While only 56% of over-55s, or Baby Boomers have said they previously told a lie in the workplace. Surprisingly enough 38% of HR staff say they think lying on a CV is acceptable and 30% of them admit to lying on their own applications.

In order to snag jobs in a competitive market lying has become a recourse. Gen Zs (30%) and Millennials (33%) have embellished their CVs, compared to just 18% of Baby Boomers.

Furthermore, asked whether they’d take the blame for a manager’s mistake, the generational gap persists. With 32% of Gen Z and 28% of Millennials saying that they would accept fault, compared to just 11% of Baby Boomers.

Here too HR professionals have some surprises in store for us with 48% of them saying it’s acceptable to take the blame for a manager’s mistake

“As flag bearers of honesty and morality in the workplace, we certainly didn’t expect to see HR professionals leading the way when it comes to lying at work”, said Bob Huibers, Viking’s Marketing Executive, in the emailed release.

Huibers noted against the background of increased focus on mental health and wellbeing HR staff should not compound the problem by being complacent. He advises the tradition of toeing the line needs to change so that employees can feel supported and protected by their HR department.

Huibers puts forwards three remedies to instill in the work place to drive our deceit: management to lead by example; call out liars; and encourage honesty.

The Value of Having an Honest and Transparent Workplace

Having an honest and transparent workplace helps provide trust, provide a higher level of ethics and more employee engagement in the workplace. These help in bringing about better workplace engagement. Businesses with highly levels of employee engagement experience several positive outcomes. This includes a motivated and productive staff.

Health wise an engaged workforce will not struggle with depression and anxiety that come with low engagement. This in turn will lower turnover for the organization. This means less absenteeism and less sick days taken.

Engaged staff will also work towards meeting customer satisfactions by being more assertive in their tasks and work towards fulfilling the strategic goals of the business.

Ultimately it will translate to higher levels of productivity and profitability. Low employee engagement on the other hand can spell disaster for your business. Staff might be less motivated to do their job which in return affects productivity as well as drive away clients.

Creating an Honest Business Culture

Irrespective the size of your business or the line of business you are in honesty in your work culture should be a key pillar. The culture of your business is all about the values and beliefs that drive everything you do. Starting from what products or services you offer to how you treat your customers.

As a business owner and as a leader it is important you place honesty as part of your culture. Honesty can create the kind of work culture in which your employees feel empowered and validated.

A culture built on honesty helps foster workplace behavior and activity that is consistent regardless of external influences. In other words, your employees will behave with a consistent code of ethics regardless of the circumstances evolving outside their purview. Your human capital which is your staff will remain respectful and attentive even when faced with a rude customer that is in the wrong. This will help engender loyalty among your customers and help you remain profitable.

Image: Depositphotos.com

This article, “The Most Common Workplace Lie and Reasons Employees Fib at Work” was first published on Small Business Trends



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A Pattern to Guide Your Trades – Opportunity

March 12, 2020 by Asif Nazeer Leave a Comment

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Photo by Bash Fish on Unsplash

Did you know there’s a technical signal that can alert you to a dramatic change in the markets? If you’re a Forex trader you really need to know about this signal. It’s called “head and shoulders,” and you can use it to better forecast the markets and improve the success of your trades.

RELATED ARTICLE: WHY DOES TECHNICAL ANALYSIS WORK?

What Causes a Change in the Markets?

If you’ve been trading Forex for a while, then you know that a change in the market in either direction represents an opportunity for you. If you’re smart about it, you have learned to stay alert for such changes, and you use a variety of technical signals to do so. In this post, we take a look at one of those signals, called head and shoulders.

Generally speaking, the markets change direction when governments make changes to their monetary policies. More rarely, changes in the markets happen when an unexpected world event happens. For example, this might be a sudden outbreak of violence in a sensitive area of the world, or it might be the onset of a pandemic.

How Can This Signal Help a Trader Remain Vigilant?

The head and shoulders signal can be a valuable tool when you’re trying to stay on top of a rapidly changing market.

For example, if you see a head and shoulders signal such as the one shown here, you can predict with a good deal of confidence that the market is headed for a bearish reversal. In other words, the trend has been moving in an upward direction, but it is about to reverse course. This might mean a short-term change, or it could mean a long-term change.

An Inverse Head and Shoulders Signal Means the Opposite

On the other hand, if you see a signal that looks like the reverse of the one above, as shown below, it means that the market is likely headed for a bullish reversal. This pattern is called an inverse head and shoulders signal.

inverse head and shoulders

An inverse head and shoulders signal always forms at the bottom of the chart, while the standard head and shoulders signal forms at the top. Both patterns signal a dramatic shift in pricing.

Characteristics of Head and Shoulders Patterns

When a reversal is taking place, prices tend to correct in the opposite direction for a short time. This leads to a zig-zag pattern that is easily recognizable if you know what to look for. For example, the head and shoulders pattern has three visual characteristics that you can learn to recognize:

  1. When the price is trending higher, the signal forms a peak. Then it declines to where it was before. This forms the left shoulder of the pattern.
  2. Next, the price surges up again. Here, it becomes more elevated than before and forms a new, higher peak. Then it falls back to its previous base, forming the head.
  3. The price goes up yet again. However, this time it only comes up to roughly the same level as the left shoulder. Finally, the price reverses again and falls back to the level of the base support. This forms the right shoulder.

Experienced Forex traders refer to the base support of the shoulders as the neckline. When a bearish break occurs after the right shoulder shows up, this is called a neckline break.

How to Trade the Head and Shoulders Pattern

You can choose to trade this pattern either conservatively or aggressively. If you’re a conservative trader, you will probably wait for confirmation that you have seen a neckline break. Then you would open a trade in the same direction as that break.

On the other hand, if you want to address your trade aggressively, you might get into a trade while you believe the neckline break is occurring. However, this can be risky. This is because you might be misreading the charts, and a neckline break might not be occurring at all.

To be clear, a neckline break will only happen if prices are moving in a bearish direction just after the completion of the right shoulder. In other words, this will only happen in the case of a standard head and shoulders pattern.

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How to Accept Bitcoin in Your Online Business – Online Businesses

March 12, 2020 by Asif Nazeer Leave a Comment

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Photo by Aleksi Räisä on Unsplash

Bitcoin is growing more popular by the day, and its future is brighter than ever. Moreover, it holds significant benefits for businesses. For example, the cryptocurrency can cut costs linked to transactions. Have you been thinking it’s time for your online business to accept Bitcoin? This article sheds light on moving your online enterprise toward accepting this cryptocurrency.

Why
Businesses Accept Bitcoin

One of the primary reasons that businesses begin assimilating Bitcoin into their payment means is that it reduces transaction charges. For example, Bitcoin can decrease the fee for credit card processes to less than one percent.

Another factor is that this cryptocurrency does not have charge backs. Instead, it has irreversible transactions. As such, it automatically shuts out the returns or charge backs that occur with bank dealings and credit cards. In short, there are no disputes about accepted Bitcoin payments.

Worldwide Transfers and Faster Access to Funds

Also, Bitcoin enhances worldwide transfers. This comes at a time when small e-commerce retailers, as well as other enterprises, are refraining from putting their services and products in the international market due to costly fees in transnational transactions.

However, Bitcoin lessens the high cost of global operations through facilitating faster, cheaper, and easier cross-border payments. Bitcoin further offers some protection from identity theft that banking services and credit cards fail to provide.

Lastly, having finances available at once is crucial to the existence of most small enterprises. Compared to credit card payments, Bitcoin payments make funds available to your business in a shorter time.

Regulations Linked to Accepting Bitcoin

If you have a standard business and wish to begin accepting electronic currencies like Bitcoin or other cryptocurrencies, you have to think about the legal side of this decision. Therefore, before starting the process, gather all relevant data regarding Bitcoin legalities.

Additionally, learn about the lawfulness of Bitcoin by state. To this end, it will be important to get assistance from an accountant or attorney and involve them in your decision.

How to Start Accepting Bitcoin

To begin accepting Bitcoin in your small enterprise, look for the most viable option for the kind of enterprise you own. At the moment, there are many methods with which businesses can begin accepting Bitcoin. The most straightforward options will simplify your accounting process.

For example, payment processors such as Multibit will let you begin accepting Bitcoin right away. Alternatively, open an account at Blockchain.info, where you can initiate accepting Bitcoin on your own.

However, most experts recommend starting with payment processors when you’re new to accepting Bitcoin. This is because a payment processor will help to shield you from Bitcoin’s volatile fluctuations.

Taking Bitcoin as an Individual

If you are uncertain about the suitability of accepting Bitcoin for your business, set up an account as yourself with a reputable site that handles Bitcoin exchanges. Among the well-known exchanges are Huobi, Bitfinex, BTC-E, BitStamp, and Kraken.

Next, download wallet software such as MultiBit. This is among the most popular of the desktop Bitcoin wallets. Others include Armory and Electrum. All three desktop Bitcoin wallets have a similar process.

RELATED ARTICLE: THE BEST CRYPTOCURRENCY WALLETS FOR BUSINESS

For instance, MultiBit is a Bitcoin wallet that is simple to use and enhances sending or receiving payments in the form of this virtual currency. The main benefit of MultiBit is that it can operate without downloading the whole Bitcoin blockchain.

It takes a few minutes to install MultiBit. After that, you can transfer Bitcoin payments from any person who has a Bitcoin address. It is always essential to consider security as a top priority and always lean on the side of caution. So adopt strong passwords for encrypting your Bitcoin wallet.

Making Use of Payment Processors

If your selling process is too complex to allow the direct payments of Bitcoin into a wallet, or if you run multiple dealings within your business hours, you can opt for a payment processor. Some of the popular ones include Coinbase and BitPay. Keep in mind, though, that services rendered by payment processors come with percentage fees or monthly charges.

On the other hand, when compared to PayPal or credit card charges, the prices from payment processors are by far less expensive. Besides, payment processors apply their technology, which makes it possible for you to send invoices via email, establish a point-of-sale system, or even add a shopping cart plugin to your online store. Payment processors also come in handy when looking to change Bitcoin earning into fiat currencies instantly.

Tell Your Customers You’re Now Accepting Bitcoin

Whether you are running an online platform or a bricks-and-mortar enterprise, you must tell your clients about the new payment method you are now accepting. For instance, in your business blog, you could explain the reason for the recent move to accept Bitcoin as well as its effect on your enterprise. If you have a physical location, you could put up a noticeable signboard close to the entrance as well.

Bitcoin as the Future of Online Gambling

In the coming years, you may be paying for online casino games with Bitcoin, provided the sites continue assimilating this payment method. With the excellent value for Bitcoin, a famous online booker, Betway, has not been left behind. For example, it provided odds on events linked to Bitcoin around the likelihood of McDonald’s accepting this virtual currency.

As soon as you assimilate the new payment means to your business, it would be best to put the word out to your clients that you now accept Bitcoin. You can include this information in your blog posts as well as on your website.

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Boost Employee Morale in 5 Easy Steps – Running Your Business

March 12, 2020 by Asif Nazeer Leave a Comment

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Happiness in the workplace has become one of the most talked-about topics since Millennials began infiltrating corporate working spaces. Employee happiness is one of the most important facets of running a business. Moreover, it’s an essential piece of a company’s health and long-term success. So boosting employee morale must be a part of a business owner’s focus.

RELATED ARTICLE: 4 WAYS TO MAKE YOUR EMPLOYEES HAPPIER AND HEALTHIER

Studies have shown that happy employees are productive employees. Therefore, it’s truly no wonder that so many modern companies are making efforts toward boosting employee morale. In fact, higher levels of contentment can increase productivity by as much as 20%.

employee morale

With these statistics in mind, it’s probably time for your company to invest in its employees’ health and happiness in the office. Therefore, let’s take a deep dive into a few ways you can begin increasing employee morale today.

Offer More Vacation Time and Sick Days

As an executive, you likely never consider what your employees do outside of the office. However, it’s common for employees to look forward to the weekends and time away from the office. This free time gives way to embracing other passions away from the nine-to-five grind. Moreover, it allows the mind and body to recover from the stress of the work week.

Every kind of job requires some form of physical or mental power. Therefore, after long hours of productivity, your employees deserve a break. In order to avoid the negative effects of burnout and disillusionment, consider rewarding your employees with vacation days.

RELATED ARTICLE: CREATING AN EMPOWERING WORKPLACE ENVIRONMENT

Starting with at least 14 paid vacation days is a great way to ensure your employees know they’re able to take time off when they need it. For even greater incentive, offer a generous amount of personal time off (PTO) as well.

Promote a Positive Work Environment

A happy company is a place where people enjoy going to work. A positive work environment is an essential piece of the puzzle.

Therefore, business owners should boost employee morale with the following: 

  • Recognize hard work: Each and every one of your employees works hard at their job. While it may seem difficult to recognize the accomplishments of each individual, there are plenty of ways you can let them know their hard work does not go unappreciated. 

    Whether it’s encouraging managers to reward their direct reports’ accomplishments or putting an Employee of the Month program in place, don’t be afraid to experiment with different recognition methods.

  • Develop genuine relationships: Fostering healthy work relationships is the first step toward creating true camaraderie in the workplace. This begins with getting to know your colleagues and employees. Happy hours, in-office networking events, and company outings are fun and inviting ways to encourage the development of those relationships.

Boost Employee Morale with Perks

An enjoyable workplace doesn’t just create itself. As an employer, it’s your responsibility to think about how to make your company stand out from the rest. Standard benefits like healthcare, sick pay, and paid time off are essential basics. However, there are many other perks that draw in more talent and interest.

RELATED ARTICLE: RECRUIT TOP TALENT WITH GROOVY OFFICE DESIGN

These include:

  • A stocked fridge and snacks
    • Consider signing up for a snack subscription service like Love with Food or SnackNation
  • Unlimited PTO
    • Endless freedom makes a productive mind!
  • Student-loan debt reimbursement
  • Corporate gifts
  • Remote options
  • Paid gym memberships
  • Regular bonding events
  • 401k match
  • Learning stipend
boost employee morale

Make Work-Life Balance a Top Priority to Boost Employee Morale

If you have a sense that your employees have experienced ongoing difficulty with keeping up with their workload, then it’s probably time that you revisited their work-life balance capacity. Are their hours stocked to the brim with assignments? Do they have any breathing room? If you’re unsure of the questions to these answers, the answer is probably no.

RELATED ARTICLE: HEALTH-LIFE BALANCE FOR PEACE OF MIND

According to David Ballard, assistant executive director at the American Psychological Association, “Top employers create an environment where employees feel connected to the organization and have a positive work experience that’s part of a rich, fulfilling life.” In short, without that balance, your company is, well, doomed.

Get Some Greenery

Believe it or not, plants are an important investment for any office space. Functioning as so much more than mere decorative items, plants help reduce stress levels, purify the air, and create a more inviting environment. 

Here are our favorite low-maintenance plants that are perfect for the workplace:

  • Spider plant
  • Dracaena
  • Pothos
  • Devil’s Ivy
  • Dragon Tree

So, how do you plan on boosting employee morale in 2020? Try one or more of the suggestions here and enjoy the benefits of having a happier, healthier workforce.

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Product Page Video Boosts Your eCommerce Sales – Ecommerce

March 12, 2020 by Asif Nazeer Leave a Comment

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How do you stand out in a saturated eCommerce market? Product page videos make the difference. Learn here about incorporating video.

Everyone’s used to online shopping by now. Most of us prefer online shopping instead of visiting the stores, especially during busy periods of the year like Christmas. You don’t have to battle the crowds or worry about traveling there only to find that the items you need aren’t in stock. Also, customers can avoid long walks between different stores to get everything that you need. You can shop around for the best prices. Customers get voucher codes. All of this from the comfort of your sofa. 

So, it’s no surprise that you decided to start an eCommerce store. Who wouldn’t? Everybody loves online shopping and with platforms like Shopify, it’s easier than ever to get started with this business idea. Heck, you can even drop ship your items. No need to worry about paying for somewhere to hold stock. Yep, you can start an eCommerce store from your bedroom if you want to. 

But how do you stand out in such a saturated market? Well, for starters, make sure product photos and written descriptions are information-rich. After all, customers don’t know exactly what they’re getting until it arrives. (This is pretty much the only downfall of online shopping.)

But you can do better. You can use a product page video. Here’s why you should:

Videos Boost Sales

There’s absolutely no denying that video helps increase conversion rates, even if you’re not using it on your product pages. Over 60% of customers will watch a product review video before deciding to make a purchase. Nearly 100% of video marketers say that video increases user understanding of a product or service, with almost 80% reporting a positive impact on sales. Including a product page video on a landing page can increase conversions by over 80%, so imagine what a product video is going to do for your sales? Get started now with these film production companies in Miami. 

Everybody Loves Videos

From funny cat videos to tutorials for anything and everything, video content has taken over the internet and everybody is here for it. People spend one-third of their online activity today watching videos, and it’s a number that’s growing rapidly as the Internet becomes absolutely saturated with video material. And it’s easy to understand why people love videos so much; they’re much easier to consume compared with long articles, for example. They’re more interactive, and they’re enjoyable!

RELATED ARTICLE: WHY YOUR BUSINESS NEEDS PROFESSIONAL VIDEO CONTENT

So, it should come as no surprise that 1 in 4 of online shoppers will probably lose interest. Much more so when shopping with a company that doesn’t have any product page videos on its website.

Product Page Videos Answer User Questions

Have you got a product that tends to get a lot of questions from people who want to know a little bit more about it before they buy? A product page video can address all of those questions, giving your prospective customers a chance to get all the information they need. Having the video right there on the product page, you cut out all the time it takes them to email you a question and then wait for your answer. As a result, you’ll see faster conversions and less abandoned carts. 

product page videos

Online videos play an important part in the buying process. If you’re not using video on your product pages, you’re missing out.

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23% Feel Unsafe at Their Coworking Space

March 11, 2020 by Asif Nazeer Leave a Comment

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Top 6 Coworking Challenges

As more people work remotely, they are doing so from different places. And one of those places is a coworking space. So, what are the challenges users of these spaces face when they work there?

According to a new survey from Clutch, safety is one of the issues. Almost a quarter or 23% of the respondents in the survey say they don’t feel safe. Moreover, 88% experience different types of challenges.

In the report, Clutch says there are more than 20,000 coworking spaces in the world. And as more companies send their workforce to work in these spaces, they should address the challenges they are facing.

Titled, “6 Challenges of Coworking Spaces” the report looks at each issue with a workaround for the problem.

Coworking Challenges Survey Results

The survey for the report asked 500 coworking employees across the U.S. to find out challenges they experience in coworking spaces.

When it comes to where they prefer to work, only one-third of coworking employees (33%) would prefer to work in their coworking space. Another 39% prefer to work remotely and 28% want to do so in a traditional office. The data points out the growing trend is heading towards working outside of the office.

Coworking Challenges Survey Results

image: ClutchWhile this doesn’t necessarily mean a coworking space, it is one of the growing options for people who want an alternative option to just working from home. After all, working from home all the time has been associated with loneliness and other mental issues.

Top 6 Coworking Challenges

  1. Distractions and noise (48%)
  2. Lack of privacy (48%)
  3. Limited space (39%)
  4. Insufficient equipment (31%)
  5. Inability to personalize workspace (31%)
  6. Security/safety issues (23%)

Distraction and Noise

Almost half of the respondents (48%) say distraction and noise are a problem. As with any open space with a number of people, the noise will be a distraction.

Clutch suggests for businesses who send their employees into such a space to invest in noise-canceling headphones. Finding companies that offer quiet spaces is also a great option.

Limited Privacy

The issue of privacy comes in with the same 48% of respondents as distraction and noise. According to the report, employees need privacy to succeed even when they’re working as teams.

The suggestion is to add privacy screens between desks if it is allowed. Some coworking spaces also have single-person booths for people who want to be alone for some time.

Small Space

The goal of a coworking space is to have as many people working there as possible. With 39% of the respondents saying space is an issue, this can be a real challenge.

The only solution to this problem is finding an operator with a large enough space to accommodate the needs of your employee.

Not Enough Equipment

If a coworking space is not adequately equipped, it makes it that much more difficult to be efficient. Thirty-one percent of the respondents say insufficient equipment is a reality.

Before you sign your contract with an operator make sure to look at the number of outlets they have, the quality of the chairs, internet speed, copy machines, printers, cleaning service and more.

Not Able to Personalize Workspace

Many individuals and businesses use coworking spaces. This means most companies have strict policies when it comes to personalizing the space. However, with a long enough contract, it is possible to make some arrangements.

With enough desks as part of your unit, you can assign desks to your employees and allow them to personalize them with pictures, memorabilia and other trinkets.

Security and Safety

The security and safety issue affects both personal and physical things as well as intellectual property. The 23% who say security and safety are a concern points out a number of issues.

They worry about Wi-Fi and shared connectivity, leaving computers in the office overnight, and working late at night. With many coworking spaces running 24/7, the problem is very real.

Inspect the space to make sure it has surveillance cameras, alarms, and security guards to make your employees safer.

Bottom Line On Coworking Challenges

Clutch ends the report by saying you shouldn’t avoid coworking spaces because of the above challenges. With enough research, you can find a space that can solve all of these and other problems.

According to Coworking Resources, there will be 25,968 spaces around the world by 2022. This is a jump of almost 6,000 units in just two years. So, operators will get better by providing more space, privacy, security and equipment.

In the meantime, if you don’t find a location near you with all the features you want, ask the operator if they can add them for you.

Image: Depositphotos.com

This article, “23% Feel Unsafe at Their Coworking Space” was first published on Small Business Trends



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