Modern card issuing platforms are changing the world of digital payments. As consumers and card issuers increasingly look for secure and frictionless payment methods to manage and distribute their virtual and physical cards, understanding the building blocks of modern card issuance platforms is essential to create your own. Of course, developing your own modern card issuance platform requires technical expertise, security measures and user-friendly design. If you’re looking to create your own platform but aren’t sure where to begin, consulting with experienced card issuance development services is an essential first step. Such investment ensures that you pre-empt potential roadblocks and time-to-market.

Feature Image by Gerd Altmann from Pixabay

This article introduces modern card issuance platforms and outlines the necessary considerations for developing your own platform.

The appeal of a modern card issuance platform

For banks, businesses, and card issuing providers, moving from legacy systems to modern card issuing systems is a challenging task. The shift involves new technology to optimize payment flows, build value-added ecosystems, and reduce production times. Unlike legacy systems that follow a ‘one-size-fits-all’ approach, modern card issuance systems require specificity. Modern card issuance relies on an open API platform—enabling unparalleled flexibility, customization, security and scale like never before. 

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Benefits of Modern Card Issuance Platforms

Consider the following remarkable benefits of a modern card issuance platform for business.

Businesses Primed for Innovation
Open API platforms easily communicate with external systems. Thus, card issuers access a range of collaborative and innovative opportunities. 

Branding and Customization
Card issuers can customize, fine-tune and brand their virtual and physical cards, controlling how and where they are used.

Card Management
Issue and configure cards with open API, easily manage users/customers, card inventory and card fulfillment.

Tokenization and Integration
Digital/virtual cards provisioned into digital wallets are a secure payment option. In fact, digital wallets help mitigate fraud through the use of additional layers of authentication. 

Efficiency, Control, and Data Insights
Card issuers can process transactions in large volumes. Therefore, issuers may collect essential metadata that will give them a clearer picture of the transaction in real time.

Satisfied Customers, Better Service
Customers, businesses and organizations have access to flexible, scalable and modern card programs. Such programs give them complete control over their banking and payment options. Also, modern card programs provide real-time access through mobile apps or web interfaces. 

Creating a Modern Card Issuance Platform

Whether customers rely on virtual, physical cards or a mix of both payment options, designing and building a modern card issuance platform requires precision focus and strategy. Here’s a checklist to help you structure your development journey. 

Understand and anticipate business and customer needs: start by determining your target audience, the types of cards to be issued, and the required features and functionality. For example, a card issuance platform aimed at businesses may require features such as bulk card ordering, custom branding and detailed reporting. Conversely, a card issuance platform aimed at individuals may require features such as instant card activation and the ability to set spending limits.

Card Issuing Platform Considerations

Technology
What hardware, software and communication infrastructure do you need? As a matter of fact, modern card issuance platforms may use cloud-based infrastructure, secure web services, and encrypted communications to ensure the safety and security of cardholder data. Consequently, you must figure out what works best with your business and customer needs.

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Security Measures
Protect the platform from hacking, identity theft, and data breaches with encryption and secure storage of cardholder data. In order to do so, make sure to conduct regular security audits and vulnerability assessments.

User Interface and UX
A user-friendly interface, clear prompts and intuitive processes for card order and activation, card usage and account management are essential to ensuring continued engagement and customer retention. Keep your user in mind as you design your modern card issuance platform—this has a higher likelihood of triggering the top-of-wallet effect, stimulating more transactions and increasing user engagement in the long run.

Test, Test, Test
Private sandboxes allow you to build, test and launch card products before you launch. In doing so, you place yourself in your end-users’ shoes. Control their card experience from the outset, analyze data, and create flexible, seamless and convenient card experiences.

Conclusion

Developing a modern card issuance platform for your business can be tricky if you don’t know what features, functionalities or requirements are needed. Experienced financial technology consulting services can help you navigate your development journey. 

Unlock a new world of digital payments with Star technology services. Their cross-industry teams of strategists, developers and designers will determine the right card issuance strategy that will give you the flexibility, support and tools to grow your business and run a successful card program.

Nobul offers a wide variety of innovative features, functionalities, tools and resources. The end-to-end marketplace isn’t kidding when it says “end-to-end”. In fact, one of its mission statements is to ensure that consumers feel empowered and supported throughout their real estate journey. Nobul isn’t afraid to leverage various technologies to get the job done.

Feature Image by whoisdanny Via Freepik

Among those cutting-edge technological tools is artificial intelligence. Better than any other proptech in the industry right now, Nobul wields its AI-enabled tools to help consumers.

Let’s dig deeper into the role of AI (and, to a lesser extent, ML) in the Nobul platform.

Nobul’s Real Estate Agent Match Scores

Real estate match scores make Nobul famous. Match scores functionality spurred Nobul’s success. Eventually, match scores became the core offering that helped shoot Nobul to the top of Deloitte’s Fast 50 list.

In short, the company innovated a way to match make real estate buyers and sellers with their ideal agents. To accomplish this, Nobul uses a proprietary AI algorithm. The algorithm combs through numerous data points on real estate agents. Data points include verified reviews, sales histories, location, commission rates, etc. Altogether, this data creates a “match score” with the consumer’s criteria.

Once the algorithm does its magic, the ball’s in the consumer’s hand. Consumers can require multiple agents to compete for their business by offering more attractive terms/rates. Potential customers may use this competition to choose an agent they like.

Home Valuations

Their agent matchmaking algorithm isn’t the only AI trick Nobul has up its sleep. Per their website, the platform also leverages a “proprietary algorithm (that) uses a combination of valuation methods based on sold and active listings to calculate an estimated value of your property.”

Again, this is part of Nobul’s end-to-end appeal as a one-stop hub for residential consumers. Before recruiting a listing agent, a seller can capitalize on various resources to determine the likely value of their asset, the market conditions in their area (i.e., is it a seller’s or buyer’s market), and more.

Artificial Intelligence Neighborhood Wizard

The platform also features a “neighborhood wizard” to help consumers pinpoint the right area for their home search. Prospective buyers input their city alongside the various criteria they value in a neighborhood. For instance, one buyer might appreciate walkability and proximity to schools, while another might want a vibrant area brimming with nightlife and restaurants.

The wizard combs through reams of data to determine the ideal neighborhood, thus starting the prospective buyer on the right foot in their search for a dream home.  

Nobul Championing the Benefits of Machine Learning

Beyond being a real-world demonstration of real estate technology in action, Nobul is also a champion of innovation. Because its mission is to ensure a fair, streamlined experience for real estate consumers, the company likes to highlight consumer-centric disruptive innovations elsewhere in the real estate industry.

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The company’s founder and CEO for one, Regan McGee, is quick to tout the advancements in machine learning he sees in real estate. “For so long, the real estate industry has been in the dark ages,” McGee told Digital Connect magazine. “But finally we’re stepping into the light and seeing that business can be conducted much faster and better using these digital tools and techniques that are commonplace in other industries.”

Conclusion

To summarize, the fast-growing real estate tech company uses AI in numerous ways. But it’s never simply “tech for tech’s sake.” Each use case above is in service of providing genuine value to real estate consumers.

Customer interaction is the backbone of any successful brand. They allow brands to understand customers’ needs and preferences while building solid relationships. Customer feedback regarding products, services, and the brand’s image is valuable and should be treated as such. To that end, this article highlights the importance of utilizing customer feedback. Additionally, the information below highlights innovative ways that feedback can be used.

Why Customer Interactions Are Vital

The importance of leveraging customer interactions cannot be overstated. Through these interactions, brands can gain insight into what their customers think and feel. This information is critical in shaping product development, marketing strategies, and overall business operations. Consequently, business owners may drive customer loyalty and retention, boosting sales and revenue.

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The Best Avenues of Customer Interaction

Numerous resources have been established for customer interaction. This is especially true for interactions via the internet. Consider these important innovations in customer interaction.

Customer Interaction via Surveys and Support

Customer surveys are among the most effective ways to leverage customer interactions. Surveys can be conducted online or in person. They allow brands to gather detailed feedback by asking about customer needs. Surveys such as a sales qualification checklist enable brands to obtain vital product and service data.

Brands also leverage customer interactions through efficient customer support. Customers appreciate prompt, helpful, and friendly support. Support teams are often the first contact point for customers with questions or concerns. Additionally, a good service experience often makes a more memorable experience than the actual assistance provided.

Social Media Networking 

Another valuable avenue for customer interactions is social media. The largest platforms have hundreds of millions of regular users. These platforms have become essential for brands to connect with their customers. Brand representatives can respond to their feedback and address their concerns. They can also provide valuable insights into the brand’s products and services.

Social media provides two unique benefits to a brand. The first benefit is that social media allows brand representatives to interact with customers in a less formal setting. Engagement with customers outside official complaints shows that a brand values its customers. Secondly, social media is a huge, untouched market of potential customers. Social media platforms are trendy among younger people who appreciate excellent customer service.

How Brands Can Leverage Customer Interaction

Customer interactions provide vast amounts of data to brands. In order to improve product quality, uch data must be analyzed. Here are some of the best ways a brand can use data collected from customer interactions:

Predictive Analytics

Brands can use customer data to forecast future behavior and trends. The software can be used to predict which products are likely to be popular in the future and which customers are most likely to respond to a specific promotion. For example, predictive analysis from customer interactions can be found in a sales forecast template. This is a pre-designed document that brands use to predict their future sales over a certain period. Therefore, it allows brands to estimate how much revenue they will generate from their products or services.

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By forecasting sales, brands can manage three vital parameters; inventory, employees, and marketing strategies. This is crucial in helping brands make informed decisions about their operations and investments.

Customer Personalization

Brands can create personalized customer experiences and recommend products or services that match their interests. Organizing customers based on data can help brands target specific groups with personalized campaigns and promotions. This segmentation can help brands target high-value customers with exclusive promotions and offers while focusing on increasing engagement with low-value customers.

Most automated tools need customer data to build marketing campaigns and processes. Developers can train programs to respond to customer behavior. This can help brands save time and resources while delivering a more personalized customer experience. These satisfied customers are more likely to return for more products and services.

Conclusion 

Undoubtedly, the data collected from customer interactions is a valuable asset for brands in today’s digital age. When brands use customer data to refine and improve business processes, the result is continuous improvement. Brands can increase engagement, build loyalty, and drive revenue growth. It takes time and conscious effort to accomplish this, but it is worth it in the long run.

Storage warehouses are essential to any supply chain. The right storage techniques can optimize warehouse space, maximize product organization and streamline operations.

However, many businesses lose money through slow warehouse processes. Misplaced inventory, theft, and stock damage can all wreak havoc on warehouse costs. Here are some ways to reduce those expenses:

Feature Image by Tiger Lily

Optimize Storage Space

Most storage warehouses for rent have much wasted space. Such wasted space is due to empty aisles, open areas above products on shelving, and other factors. These spaces can be used to improve warehouse storage capacity.

Start by calculating the square footage of your warehouse. Subtract out office space and restrooms. Then divide by your warehouse clear height (the distance from the floor to any overhead object).

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This number will give you a better idea of how much space is utilized. However, this metric does not accurately measure your warehouse’s capacity. For accuracy, calculations must account for the space needed to move items in and out of storage.

To maximize your warehouse space utilization, consider installing a mezzanine level to double your storage space without expanding the building. Also, a high-density storage system to store more items in the same footprint improves the utilization of space. Vertical carousels or lift modules accomplish this goal. Such storage systems can eliminate many rows of racking and reduce the need for wide aisles. Altogether, these strategies free up additional space for other uses.

Invest in Storage WarehouseTechnology

Save significant costs by investing in technology that automates warehouse processes. This reduces labor costs and the need to keep a large workforce on hand to handle manual operations. This also minimizes the time required for inventory tracking and management, reducing the risk of theft or misplacement.

Having the right storage equipment can also lower operational costs by decreasing the need for employees to move products. Choose a rack build that optimizes space dimensions to reduce the amount of aisle space needed. Additionally, consider storing frequently used items closer to the dock. An efficient warehouse storage system keeps rarely-shipped products farther back. In doing so, employees must take fewer steps throughout the day.

Another way to lower warehouse costs is by reducing energy usage. Use natural lighting in your facility to lower electricity bills. You may also opt for motion-sensitive light controls to decrease the energy used to keep empty rooms lit.

Reduce Waste

A well-stocked and organized warehouse for rent in Los Angeles can save time, money, and energy. Consider storage warehouse slotting. Slotting is a method of arranging items to maximize storage efficiency. This method ensures that your most popular products are positioned in an optimal location for efficient picking, shipping, and return processing. Less popular items can be stored out of the way in less-used areas.

Eliminate unnecessary steps in your workflow by putting frequently shipped items closer to the dock and rarely-shipped merchandise farther away. This reduces the number of steps employees must take, and the time wasted in transit.

Well-insulated warehouses lower heating and cooling costs. Additionally, insulation maintains the working environment for employees at comfortable temperatures. Keeping workstations neat and organized also helps reduce worker fatigue, which can lead to a productivity drop. Lastly, invest in high-quality tools and keep them properly labeled at each workstation. This enables workers to pick the right tool when needed.

Invest in Storage Automation

Labor costs consume a significant portion of every warehouse’s operating budget. Unstable work conditions and insufficient management systems lead to constant stress, errors, and high turnover, increasing staffing costs. Finding and recruiting workers to meet seasonal demands also requires more work. Warehouse automation technologies eliminate these problems and reduce overhead by reducing employees’ time on non-value-added tasks.

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The right warehouse automation system will depend on your operation. Those with minimal processing procedures such as distribution centers, wholesalers, and retail are the best candidates for automation solutions like conveyors or automated storage and retrieval systems (ASKS) that utilize smaller warehouse aisles and taller racks to improve cubic space utilization.

Larger retailers with deep pockets will likely opt for more advanced technology-intensive setups, ranging from individual picking robots to fully automated warehouse systems that manage the entire supply chain. Either way, the initial investment pays off quickly as client satisfaction rises and customer repeats business increases.

The primary decision-maker in a business has incredible influence on business success. Decision-making is an essential skill to have as a business leader because making the right ones can help you be professionally and personally successful. Making logical choices can positively impact your company and your career trajectory, especially when you evaluate your options and take your time during the process.

Decision-Makers Evaluate Money is Managed

Consider your decision-making at home or with your family, because this can impact all the other decisions you are making. For instance, before agreeing to be a co-signer on a student loan, it’s important to weigh the pros and cons instead of saying yes automatically. You’ll also want to ask yourself how your response could influence your credit score.

Collect Enough Information

You can collect information from industry experts, colleagues, family members, and close friends, depending on what you are deciding. Of course, even though these are all excellent ways of gathering evidence, decision-making is still ultimately up to you.

Decision-Makers Stay Open-Minded

As the decision-maker, you must take some time to imagine what might happen depending on different possible scenarios. Think about the way each decision might improve your life or the lives of people you are close with. This is often a better method than simply listing out all the pros and cons. Personalizing the potential outcome recognizes that not every pro or con carries the same weight.

It is also important to be open-minded in your decision-making. This will help you prevent confirmation bias and instead focus on what will truly bring the best outcome. Too many business leaders look for evidence to support the conclusion they have already reached. Instead, staying open-minded makes possible considering all pertinent information.

Evaluate the Options

It’s important to have enough options in the process of decision-making. However, too many choices for too long can get overwhelming quickly. You can focus on the most important options by reducing how many you have. When you learn a choice is not the right option for your company, rule it out. Know that some of your choices may have equal value. This means ranking the options might not be the best way to rule them out. You could spend weeks researching and still not understand what the best one is. This is why it’s so important to commit once you have an idea of the direction you want to go.

Take Your Time as a Decision-Maker

Rushing decisions is never advisable, especially if they’re important, such as investing in a new venture. Deciding too quickly may result in an uninformed decision. You should practice time management and use all the time at your disposal to evaluate everything. When asked to give a rapid reply, ask for additional time and provide a more reasonable deadline. Having enough time to gather the information you need allows you to reflect.

Buying likes in order to boost visibility in platforms like Instagram can make all the difference for social media reach. In today’s digital age, Instagram has become a powerful platform for individuals and businesses to showcase their talent, products, and services. To make the most of your Instagram experience and boost your online presence, it’s crucial to have a substantial number of likes on your posts. While organic growth takes time, there are websites that offer services to buy likes, accelerating your Instagram potential.

In this article, we will explore the top five websites that can help you unleash your Instagram potential by providing genuine and high-quality likes. These websites are GoRead.io, AutoMonkey.co, Followers Cart, Dopoid, and ViralLyft. 

GoRead.io 

GoRead.io is a reputable website that offers a range of Instagram services, including likes, followers, and comments. With a user-friendly interface, GoRead.io allows users to purchase likes for their Instagram posts, ensuring high-quality engagement from real accounts. Because they offer likes from genuine users, GoRead.io helps boost credibility, making your posts more likely to appear on the explore page and gain organic engagement.

Goread.io is the leading website to purchase Instagram likes, earning the accolade of being the best in the market. With its impeccable reputation and outstanding services, Goread.io offers a reliable solution to boost your Instagram engagement. Additionally, the platform delivers genuine likes from real users, ensuring authentic interaction and increased visibility for your posts. Its user-friendly interface and secure payment options make the purchasing process seamless and convenient. Moreover, Goread.io distinguishes itself with competitive pricing and swift delivery.

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One of the key advantages of GoRead.io is its emphasis on security and privacy. The platform ensures that all transactions and user information remain confidential, giving users peace of mind while purchasing likes. Additionally, GoRead.io provides reliable customer support, addressing any queries or concerns promptly. 

Whether you’re an influencer, brand, or aspiring content creator, Goread.io is the ultimate destination to buy Instagram likes and elevate your online presence. Trust Goread.io for exceptional results and unlock the full potential of your Instagram success. 

Buying Likes with AutoMonkey.io

AutoMonkey.io is a trusted website for buying likes as well as followers, and other engagement metrics for Instagram. With AutoMonkey.io, users can select from different packages tailored to their specific needs and preferences. Chiefly, this website prides itself on delivering authentic likes from real Instagram users, ensuring that your account grows organically. 

One notable feature of AutoMonkey.io is its advanced targeting options. Users can specify their desired audience based on location, interests, and demographics, allowing for more precise engagement. This targeted approach ensures that the purchased likes align with your target audience, increasing the chances of meaningful interactions and conversions. 

Followers Cart

Followers Cart is a well-established platform offering a wide range of Instagram services, including likes, followers, comments, and views. By purchasing likes from Followers Cart, users can enhance their online presence and gain the attention of a broader audience. The website guarantees genuine and high-quality likes, providing an instant boost to your Instagram posts. 

Followers Cart also offers customizable packages to meet individual requirements. Users can choose the number of likes they want, allowing for flexibility and scalability. Because of their affordable prices and quick delivery, Followers Cart is an ideal option for buying likes which will maximize their Instagram potential. 

Dopoid

Dopoid is a popular website known for its reliable Instagram services, including likes, followers, and views. With Dopoid, users can purchase likes that come from real and active Instagram accounts. By increasing the number of likes on your posts, Dopoid enhances your credibility and encourages organic engagement. 

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What sets Dopoid apart is its focus on the user experience. The website provides a seamless and hassle-free purchasing process, ensuring that users can quickly and effortlessly boost their Instagram potential. Additionally, Dopoid offers competitive prices and various package options, making it accessible to users with different budgets. 

ViralLyft for Buying Likes

ViralLyft is a reputable website that offers comprehensive Instagram services to elevate your online presence. With ViralLyft, users can buy likes, followers, comments, and views, all of which contribute to expanding their Instagram potential. The platform ensures that the purchased likes are from real accounts, providing genuine engagement and interaction. 

ViralLyft also provides users with valuable insights and analytics to track the performance of their Instagram accounts. By monitoring engagement metrics, users can make informed decisions to further optimize their content strategy and increase their reach. 

One of the notable features of ViralLyft is its commitment to customer satisfaction. The website offers 24/7 customer support, ensuring that users can seek assistance whenever needed. Additionally, ViralLyft prioritizes timely delivery of likes and other services, allowing users to see immediate results and maximize their Instagram potential. 

Conclusion

In today’s competitive Instagram landscape, buying likes can be a strategic move to unleash your Instagram potential and gain more visibility. The five websites mentioned above, GoRead.io, AutoMonkey.io, Followers Cart, Dopoid, and ViralLyft, are excellent options for purchasing genuine and high-quality likes. These websites not only provide a quick boost to your engagement but also ensure security, privacy, and excellent customer support. Remember, while buying likes can give you an initial boost, it’s essential to combine it with compelling content and organic growth strategies for long-term success on Instagram.

Business marketing is an essential part of success. Running a business is hard, but finding the right marketing strategy that actually works for your business is even harder. From digging through multiple strategies to spending endless hours on the internet looking for the perfect marketing strategy, running your business can feel nightmarish. It doesn’t always have to be that way. 

Marketing can be one of the most enjoyable parts of business, especially when you know what you’re doing. Come with us as we dig through the marketing maze and make it a lot easier than looking through the NFL odds. 

Business Marketing Core Concepts

First, we need to gain a fundamental understanding of two major core concepts within this space. These core concepts include your target market and marketing strategies. 

Target Market 

The products and services we offer our customers aren’t a one-size-fits-all deal. In fact, certain products and services are created with the intention of catering to a certain group of people. These people are called your target market and are the people who are most likely to buy your product. 

Marketing Strategy

The more we try to market our business, the more a marketing strategy gives us direction. A marketing strategy is a plan of action to help us promote our products as effectively as possible. When we think of a marketing strategy, we need to think of a blueprint that becomes more and more refined as time goes on. Always remember that your marketing strategy can always be adjusted, reworked, or scrapped if need be. 

Coming up with a Marketing Strategy

One of the major reasons why businesses don’t expand or reach their target profit is because they do not have an effective way of reaching their target market. This is why understanding your target market plays a vital role in your marketing strategy. 

Researching your target market and their habits can help you come up with an effective marketing strategy that is centered around your target audience and their needs. Always keep in mind that your research process will differ from before you started your business to after. This is because you have existing clients who you can always refer to when conducting research. 

Yes, target market research doesn’t stop when your business launches. In fact, this is an amazing way for your business to find out more information about its marketing strategy and whether or not it is working. 

Tools to Consider

Coming up with a marketing strategy can be simple, especially when you use the tools available to you, such as social media. Social media is one of the best and primary places to find your target audience. In fact, you can reach your target audience organically if you know exactly where to look. 

Coming up with an effective marketing strategy is a mesh of different things. You’ll need to consider your target market, where you’ll put up your ads, how your ads will look, and many more things. A major misconception about marketing is that it’s expensive. This could be because many do not have a realistic marketing budget, which leaves them without a proper starting point. 

Business Marketing Budget

When coming up with your marketing strategy, you’ll need to take a realistic look at your finances. By allocating funds towards a marketing strategy, you’ll know exactly what you’re working with, where you can save money and cut costs, and many more things. Always remember that finding affordable alternatives is always an option. Get creative and give yourself enough room to think and rethink. Some of the best things are born out of budget cuts and looking for affordable alternatives.

Have a Vision

Brainstorming can save you both time and money, especially in the business and marketing fields. Take some time out to think about your brand, products, and services and the vision you had when you first wanted to sell them. Ask yourself vital questions, such as how you want your products to be perceived. How do you want your target audience to come into contact with your product, and what would you like their first impressions of your product or brand to be? From here, you can start conceptualizing your ads. 

A pro tip when coming up with an ad is to ensure that people know what you’re selling. Take the time to ensure that your ads make sense and showcase not only your product but other key points as well. Keep this information in your marketing vision, as it helps to paint a clearer picture.

Deadlines and Spacing

When we think of marketing and business, one of the last things we think about is a deadline or spacing out our ads. By creating deadlines, we ensure that our ads are released in a timely fashion. Spacing out our ads allows us to keep our spaces alive and relevant. When you’re coming up with a marketing strategy, you’ll always have different ideas. These ideas can translate into different ways of marketing your business, but we will always need to space things out and plan accordingly. 

Business Marketing Trends 

Today’s world is forever changing, which is why it’s important to keep up with marketing trends. The core values or principles of marketing will always remain the same, but how those principles are applied in today’s world is ever-changing. Social media has taken over today’s trends and has become one of the pivotal points of marketing. In fact, millions find themselves creating social media platforms for their businesses every day. By staying on top of marketing trends, you can ensure that your business remains relevant.

Social Media and Marketing

If there’s anything that’s taking over marketing in business, it’s definitely social media. Social media has left a wide gap in the market for any business to thrive, as long as they know what they’re doing on social media. In fact, social media is one of the best places to showcase your business because of its diversity. It operates as a space to showcase your business and also allows your customers to reach you a lot easier. 

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These days, links can be displayed in bios, making it so much easier for your customers to jump from social media to your website in just a few clicks. Social media also allows customers to place calls, which makes connecting a lot easier than it already is. 

Business Marketing and SEO

Surfing the internet has become the new normal and has led so many of us to some of the businesses we know today. There are two different types of search results that pop up when we make our internet searches, which include organic and paid search results. 

Organic search results are the search results we get from our searches that haven’t been sponsored. This means that the business has not paid to show up in your search results. Paid search results are the search results we see that have been sponsored. This means that the business has paid to be included in your search results. 

How do search results affect your business and your marketing strategy? Understanding how search results work can affect your business in a major way, especially when you’re looking to reach major profit targets. Search results are influenced by something called SEO. 

SEO, also known as search engine optimization, operates through keywords or keyword phrases to help get the best results. When you understand how SEO works, you can use it to your advantage, especially when working with keywords or keyword phrases. SEO can help you get in touch with your desired target audience, making things easier for you and your business. 

Conclusion

Marketing in business is amazing and can help grow your business in a major way when done correctly. Coming up with marketing strategies requires you to know your target audience and continue to refine your marketing strategy.

Crypto business profits those who invest the time to learn its advantages. While cryptocurrency is still new to many individuals and organizations, its market continues to experience significant changes that attract the attention of prospective investors and businesses that are looking to develop and become more relatable. Since cryptocurrency is typically associated with exchange mechanisms, issuance, and accounting, it’s gradually becoming a business venture of its own that’s proving to be worthwhile and profitable in the long run.

Feature Image by Gerd Altmann from Pixabay

These days, cryptocurrency is more than just a digital currency that’s great for its decentralized systems, volatile nature, and blockchain technology. Like sites that offer information, like the most recent NHL predictions today, it’s a useful platform that many can use to create and develop countless business projects. So, as an individual who’s interested in exploring the crypto business, let’s look at this in further detail.

Crypto Business: How to Make It Profitable

Nowadays, cryptocurrency is being adopted by several countries across the globe, and because of the benefits that come with using digital currency, individuals and businesses are finding different ways to use it in their everyday lives. With society now transitioning from traditional money to virtual money, digitalization is taking the world by storm, and this has unlocked many opportunities relating to crypto assets, virtual reality, crypto processing, and more. Like e-commerce and gambling, the business of cryptocurrency can be broad and cover a vast variety of different options that one can pursue.

Essentially, a crypto business is centered around finding ways to buy and sell digital currencies through platforms that you establish. Here, you’ll derive revenue from transactional fees that you’ll collect for transfers, trades, deposits, and withdrawals. Many of us are limited in how much we know about crypto exchange platforms; however, the crypto market is made up of different types of crypto exchange platforms that any aspiring individual can explore to determine which option would work best for them. Here, examples would include options like:

• White-label crypto exchanges
• Decentralized exchanges
• Oder book exchanges
• Centralized exchanges
• Ads-based exchanges
• Hybrid exchanges
• Clone scrypt-based crypto exchanges
• Binary options exchanges

Overcoming Complexity

As with any business venture, stepping into a crypto business will seem rather complex at first, especially when you compare it to other crypto-related ideas. However, with enough knowledge and learning, things can change. In today’s world, crypto businesses can represent an extensive range of projects. Together, they work to promote creation, development, and revolution in financial systems, enhance business processes, and improve customer experiences.

In order to make the business profitable, find a valuable payment processor and exchange software provider. Also, business owners must raise enough capital to afford all the calculated risks that will be necessary. Also, owners must go through all the steps required to establish and sustain the business as a whole. 

The Benefits of Owning a Crypto Business 

The crypto market has grown tremendously in the last decade. Although many businesses still rely on fiat currency to initiate payments, more and more are beginning to accept various cryptocurrencies. This is especially true because many people have started taking an interest in digital assets. While most people would take an interest in running a crypto business primarily because of its profit potential, safety, and convenience, these may not be as obvious as what you’d find with conventional methods of payment. So, let’s discuss some of the most important benefits that come with running a crypto business. 

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Increasing Reach

Cryptocurrencies like Bitcoin are known for the seamless and convenient experiences they offer customers who are looking to purchase goods and services online. Thankfully, crypto exchanges provide beginners with resourceful information on how to buy, sell, and trade cryptocurrencies; therefore, getting started in this aspect isn’t as tedious as one would think. Over time, gaining more experience in the area of cryptocurrency will open you up to new markets, opportunities, and possibilities. This will gradually affect your business’s bottom line, revenue, and reputation in a positive way.

Reducing Transaction Costs

With a crypto business, you have the option to interact with your customers more directly, and since you won’t be involving a middleman, transaction costs will be exceptionally low. If you happen to be a small business that’s relatively sensitive to various cost differences, benefits like these will help adjust the price of your products, offering you an even greater competitive advantage.

Simplifying Cross-Border Transactions

The virtual space of crypto business allows owners to sell their goods to practically anyone, regardless of their physical location. While many business owners are considering the idea of taking full advantage of the digital era, many barriers still exist. This is especially true when considering geographical location and high costs that come with processing payments internationally. Fortunately, cryptocurrencies make it possible for businesses to trade across borders without having to worry about spending a large chunk of their profits. With simplified cross-border transactions, your business can price goods at competitive prices.

Avoid Chargeback Fraud

Chargebacks are a problem for all kinds of business. It’s not surprising to find customers who will purchase a product and later cancel their payment after they have had the product delivered to them. This will be a loss to any business, and if this continues, a business may collapse over time. Fortunately, chargebacks only apply to transactions done in fiat currency. Because cryptos use blockchain systems and technology, each transaction is irreversible and permanent, which means no customer can reverse any payment unless they contact the business directly if they wish to receive a refund on their purchase.

Protecting Customer Privacy

Unfortunately, one of the disadvantages of digitalization is cybersecurity. Every year, reports will go out on the many data breaches that happen, leaving hundreds of targeted individuals exposed to the loss of their personal finances and identity theft. As a business that accepts cryptocurrency, you allow your customers to maintain their anonymity because you limit the amount of information they can share regarding their personal and financial details. As a result, crypto businesses are ideal for individuals who value their data privacy and wouldn’t mind exploring alternative payment options to achieve this.

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Crypto Business Options

Because cryptocurrencies are the new technology, they offer a range of new development opportunities that anyone can explore. Regardless of your geographical location, you have the option to try any of these crypto business ideas since they use blockchain technology to initiate interesting and valuable solutions that will improve how the world operates in one way or another. These include starting a crypto business that involves:

• Exchanging
• Processing services
• Asset management solutions
• Crypto-analytical platforms
• Crypto mining platforms
• NFT marketplaces
• Proprietary blockchains and cryptocurrencies
• Crypto exchange software

How to Start a Crypto Business

With knowledge of what a crypto business is, how you can profit from it, and which options you can explore, it’s time we look at which steps you would have to follow to establish your crypto business:

• Make a decision on which crypto business you will follow.
• Do your market research and identify your target audience.
• Choose a legal structure.
• Secure your capital for funding.
• Open up a Business Bank account.
• Get the business licenses and permits that you’ll require to operate.
• Buy and set up the software your business will need to operate.
• Start advertising and promoting the goods and services that you’re selling.

In Conclusion

As with every other business venture, further knowledge and experience are crucial. Always remember that it’s not enough to simply rely on the basics. Fortunately, the virtual space doesn’t just allow for opportunities; it also offers individuals like yourself the resources and information they need to learn more about their interests and ventures.

Digital procurement (DP) is a process that enables organizations to streamline their purchasing operations and increase efficiency. It provides a platform for buyers and suppliers to communicate quickly and efficiently. As a result, businesses experience improved cost savings, better supplier relationships, and faster delivery times. With digital procurement, companies can manage their entire purchase process online from start to finish. Altogether, this includes everything from selecting the right vendors to tracking orders and payments. 

Feature Image by Karolina Grabowska

Moreover, DP also helps organizations automate tedious tasks associated with manual procurement processes. These include paperwork processing and contract management. By leveraging digital technology, companies can reduce costs, improve accuracy, and ensure compliance with industry regulations. 

Furthermore, users have recognized the benefits that digital procurement has to offer. The global procurement software market size is even projected to grow from USD 6.67 billion in 2022 to USD 13.80 billion by 2029. 

RELATED CONTENT: WHY YOUR BUSINESS NEEDS A GREEN PROCUREMENT STRATEGY

In the article below, we share six noteworthy benefits of digital procurement that can improve the procurement function of your business.

1. Digital Procurement Facilitates Business Processes

Digital procurement improves business processes. Such facilitation leads to drastic change and an improvement in gross productivity. Accordingly, the entire transition, from how employees communicate to the flow of information within the company, must be smooth and effective. Companies who utilize DP improve the customer experience; a good sign for any business. 

From eliminating routine tasks and silos to gaining better financial control, your organization can use digital procurement to its full advantage. This also means that digital procurement allows and facilitates the timely collection of comprehensive, reliable data. It also simplifies purchasing data management by streamlining the entire procurement process. 

Many companies today use Oracle EBS to manage CRM, ERP, and supply chain processes. If you’re relying on this platform to streamline your business operations, you’ll benefit from integrating other Oracle procurement solutions that can simplify business purchasing and boost user adoption. 

Such add-ons provide businesses with the ability to manage tasks more efficiently. Purchasing processes and streamlined procurement empower business success. When utilized, add-ons limit spending and reduce costs while ensuring compliance with supplier contracts. By using this type of eProcurement platform solution, businesses easily search for products and services from multiple suppliers, compare prices and features, and place orders quickly and securely. 

2. Transparent Operations 

It is possible to get a better pulse on the entire business by analyzing data. Maintaining transparency between teams is important. Latest technological advances and tools make it easier for different teams to work together. For instance, the accounting team can share real-time data with the customer service team about clients who have not paid their bills. Transparency between the teams helps them resolve issues sooner and improve overall operations.

3. Digital Procurement Enables Cost Savings

Digital procurement is a powerful tool for reducing the cost of operations. By automating the procurement process, companies reduce the time and effort spent on manual tasks like sourcing, negotiating, and managing contracts. 

Moreover, digital procurement also helps identify opportunities for cost savings by providing insights into pricing trends and supplier performance. The right software can empower organizations to save considerable amounts of money. Specifically, companies are able to reduce costs associated with inefficient processes and take advantage of better deals from suppliers. 

4. Agility 

Certainly, DP can help manage an enterprise-wide transformation. Companies will be able to respond more quickly to customer and market demands.

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In recent years, we’ve witnessed some of the biggest disruptions to traditional business practices. These challenges have brought to light the importance of agility in business. Therefore, it’s important to integrate the right software to ensure a smooth transition and make your business more flexible and adaptable.

5. No Invoice Delays or Duplicate Payments

Matching invoices and documents is a complex but necessary step in the procure-to-pay lifecycle. For example, the pricing and terms of an invoice should match those mentioned in the purchase order and receipt of the goods note. 

Moreover, invoices must have the same line-item quantities and product descriptions as the purchase order and match the received products. Manual matching is a thing of the past. eProcurement saves time and money while increasing accuracy. 

Final Words 

With digital procurement, businesses can access a wide range of suppliers in one place, compare prices easily, and get the best deals. Furthermore, digital procurement solutions provide better visibility into the entire supply chain process, reducing costs and improving efficiency. 

Ultimately, business owners should consider digital procurement solutions as a way to keep up with the increasing market volatility, improve your internal operations, maintain your competitive advantage, and upscale your business.

Featured image by Markus Winkler via Pixabay

As smartphones continue their development into ever-present consumer companions, marketing content must adapt to the seemingly limitless potential of modern devices and their capabilities, including the use of mobile video.

Today, mobile video has become a leading way to gain the attention of target audiences. This is particularly true if profiles match younger demographics.

Video content has historically been expensive and difficult for small businesses to master. These days, however, the barriers to entry are continuing to fall. Today, any attention-grabbing video campaign holds the potential to encourage users to stop scrolling. Often, they do. And when they do, they give valuable time to consuming video ads on social media.

As smartphones continue to grow in their power and capabilities, marketers have more opportunities than ever to resonate with the right audience at the right time.

Recognizing the Potential of Mobile Video

Mobile video marketing is fast becoming the gold standard for marketers. In fact, Social Shepherd statistics suggest that 71% of business-to-business marketers utilize video marketing. Meanwhile, 66% of business-to-consumer marketers have incorporated video into their campaigns.

This bodes well for the 96% of individuals who turn to video content in order to learn more about products or services.

In the coming years, mobile video marketing will continue to grow as 5G connectivity makes it far easier for consumers to stream content no matter where they are. Meanwhile, the processing power of smartphones will make it far easier to access multimedia marketing campaigns.

For instance, Apple’s iPhone 14 Pro Max utilizes significant computational power with its A16 Bionic chipset and 6GB of RAM. It’s a market leader today. However, more devices will soon feature the same ability to seamlessly load and play more complex content without subjecting consumers to bounceback-inducing loading times.

Attention-Grabbing Mobile Content

When it comes to the art of creating attention-grabbing content, there’s no better way to bring a campaign to life than with mobile video.

For millennials, as many as 98% of 18- to 34-year-olds use smartphones to watch video content in their product research. Crucially, the greatest perk of mobile video content actually revolves around winning higher levels of audience attention.

Video content in the form of TV advertising has been a marketing staple for some time. However, it only commands the uninterrupted attention of an audience for 28% of viewers. This means that 72% of those who see a TV ad may be distracted by other activities such as eating, using a computer, messaging friends, or cooking.

For mobile viewers, the percentage of users who are viewing content as their sole activity nearly doubles, to 53%.

Furthermore, mobile video has the power to reach consumers even when they’re out and about. In fact, 34% of mobile video minutes are watched on average outside of the house. Once again, this can be an opportunity for marketers. This is because users viewing video content outside of the house are 1.8 times more likely to be meaningfully engaged. In other words, people who are away from home are more likely to actively view content.

For businesses, this greater level of audience attention means that marketers will have more freedom to create engaging content. Rather than short snippets featuring a product or service in action, it’s possible to even encourage audience participation. The image above from McDonald’s on Instagram provides just one example.

Unlocking Opportunities of Mobile Video on Social Media

Social media platforms are increasingly moving to integrate video content. This can present excellent engagement opportunities for small businesses. For instance, Instagram added a shop button for users to purchase goods advertised in a more frictionless manner.

TikTok has also been a game-changing platform for matters relating to engagement rates. At present, the rapidly growing social platform has an influencer engagement rate of 15.99%. This is the highest of any social platform.

The influence of TikTok has been such that Instagram attempted to rival the platform’s approach with its own “Reels” feature. However, both have become great resources for delivering more authentic and tailored video content to users.

In terms of conversions, businesses creating video marketing content with social media in mind can see as much as 53% of consumers interacting with their brand after watching social media video content.

With 93% of those consumers watching videos on social platforms through mobile devices, creating video content that’s optimized for mobile browsing has become essential for businesses of all sizes.

Safeguarding Your ROI

Finally, the cost of creating video content optimized for mobile is becoming increasingly manageable for businesses. In fact, 83% of businesses claim that video generates a good ROI.

As online video editing tools continue to evolve over time, it may be possible for brands to generate content entirely internally. This means small businesses won’t have to outsource to agencies or skilled content creators.

What’s more, audiences don’t necessarily demand slick production quality and polished content. While a tidy and well-produced video can complement brand identity for luxury products, a functional and engaging how-to or promotional piece of content can become a social media hit even if the quality isn’t on-point.

Today, the age of the smartphone has prompted a revolution in how we consume video marketing content. Now, social media ads can reach audiences in a more powerful and cost-effective way than TV while offering consumers the chance to interact with brands in a way that traditional advertising simply couldn’t match.

As the technology for mobile video continues to evolve, we’ll see more consumers relying on video content to learn about products, engage with brands, and answer their questions. This will see a fast evolution in how brands choose to offer up their content. The low barriers to entry empower your small business to reach your target audience in a more ambitious and creative manner.

Learn to market your small business from other small-business owners who publish here on the Business Opportunities blog. Bookmark our site and come back often.