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Saturday, January 19, 2019

Direct Sales Team Vs Distributor - Which is Better For an International Market?

If you're looking to expand your sales to new markets, then there's one big question you must ask: do I build a direct sales presence or use a distributor? Each method has its benefits and drawbacks, but we're going to make a strong case to use one method over the other in almost every instance.

What's the difference between direct sales and distributors?
A direct sales presence means that your company establishes, manages, and pays a sales team of one or more people in the target market.

An outside agent is any entity that will sell your product in exchange for a service fee. One example is a sales rep, who sells your product in exchange for a percentage of the sale. A distributor is similar to a rep, except they would buy product from your company and sell it directly to the end customer.

Is Direct Sales Better?
For most businesses expanding into new markets, especially international markets, hiring a distributor is a better decision-at least until there is enough return from the market to justify building a direct sales presence.

Sure, there is one major advantage to having a direct sales presence-control. Control over the day to day activities of your sales personnel is appealing to most business owners. But this control comes at a heavy price. To start, you'll need to spend the time to hire someone in that market, then train them, then equip them with sales material and management, if not office space and equipment. These costs are prohibitive for most small businesses looking to expand internationally.

And there are even more costs that we have not mentioned yet. Each market has it's own unique laws, cultures and customs that are essential to master if your company wants to establish a successful sales presence. Japan is a classic example of a marketplace with unique legal structures and business customs that, if not followed, guarantee the failure of any sales efforts. It's hard to pin down an exact monetary value to this learning, but ask yourself this: Can you afford to establish, manage, and pay a sales force in a foreign country for at least a year while they learn the routes and generate no revenue?

What about a Distributor? Is a distributor better for new markets?
Distributors are a cost effective means to enter a new marketplace successfully. Here are just a few of the reasons:

  • No Overhead: Unlike running your own sales team, a distributor will take care of the hiring, managing, payment, and optimization of its channel. You're just borrowing their distribution, while they handle the maintenance.
  • Established Channel with Local Knowledge: A good distributor will already know all the laws and customs of the market you're entering. You do not need to reinvent the wheel-you can use someone who already has local local knowledge.
  • Understanding Pricing and Purchasing Power of Market: Along with knowledge of the laws and customs comes knowledge about the most successful ways to price and market your product locally.
  • Cost Effective: Since you will not be paying for the above items, distributor relationships are much more within reach of a small business trying to enter a new market.

Using a distributor has some downsides as well, but they can be minimized by building a good relationship with a distributor.

  • Not your own people: You will not be able to directly manage every step of the process. While it may make you nervous to lose some control over the sales process, you can manage the risk by building a transparent relationship with your distributor with constant updates and feedback from both ends.
  • Distributor has many products to represent: You may not be the distributor's top priority at any given time, and you want to be sure your product is not getting shuffled to the back of the line. Once again, a well-established relationship with constant contact will ensure that your product is getting the attention it describes.
  • Not a "turn key" solution: You can not just give the distributor your products and expect success. You'll have to manage the relationship. This takes time, but it's still less costly than trying to install a direct sales team from scratch.

So what do I do next?
If you are not convinced that a distributor would be better for your organization than acquiring a direct sales team, seek help from a consultant who has experience establishing a presence in new markets. A consultant can use his or her experience to analyze your opportunity and recommend the best course of action.

Before you choose a distributor, you need to know ....
Choosing the wrong distributor will set you up for failure. The wrong distributor simply will not generate sales, and you'll have wasted at least a year finding and setting up an unprofitable relationship.

There are certain things to look for in a distributor, and they are different for every market. The best thing to do is to find a professional, one with experience in distributor relationships, and hire that professional to help you search for and identify the right distributor.














Saturday, January 12, 2019

Make Money and Love It

Someone once told me that play is work that we enjoy. I began to wonder why people do not play at work. There is a stigma that surrounds the word work. It is a necessary evil; it forces you to work for your weekend - the time you enjoy; it is just to be endured. But I do not believe it. Work can be fun, sure there will still be tough days, but there is nothing wrong with looking forward to going to work on Monday. Many things factor into whether you will enjoy your work: the people, the environment, and the work itself. These factors can keep you from enjoying work, but when used to your benefit, they can also help you find and retain enjoyment at your work.

What you excel in doing will affect if you enjoy the work you do. This is because individuals find satisfaction in accomplishes. I am a great goal-setter, planner and executor. I worked for a company where I severely got to use any of those skills. Instead, my time was focused on encouraging people to do things that did not want to do, which required skills in reading people, customizing messages to each individual person, and being a cheerleader; none of which are my strengths. Knowing this, each day I would try to improve how I talked to people and to influence them to smile at customers, and each day when my goals were not reached I went home feeling like a failure. Being in an environment where you can use your strengths allows you to go home with a sense of accomplishment. Spending your day toiling in areas where you struggle, leaves you feeling empty.

Many books have been written that will help you discover your strengths and weaknesses. Some go so deep as to help you find your undering motivators. These are fantastic resources which I recommend. For now, however, I want to focus on a quick analysis.

Think of your best day at work where you felt a sense of accomplishment. What happened? What activities were you doing? Did you land a tough deal? Did you overt a crisis? Did you create a successful plan? What attributes did that day's activities have? By boiling it down you will find the basics of what you enjoy doing.

What do people say you are good at? Does your boss ever refer co-workers to you for advice because you do something well? Do people seek you out as the expert in certain activities? What do you get recognized for? These are all great indicators of your strengths.

What do you find yourself doing when you do not have to? Are there activities at work or home you find yourself participating in even though you do not have (are not required) to? I am constantly creating plans and setting milestones for projects I do outside of life. My friend will sit down and pound out a book in a day. My husband will design and build things, not because it needs to be done, but because he enjoys the process. Figure out what you enjoy that can be translated to work.

Just knowing what you are good at is not enough, it is important to understand what you do not do well. What do you dread doing at work? Do you avoid paperwork like it is the plague? Do you make as few client calls as possible? What activities do you do that never seem to measure up to the status quo? My first internship I asked to cold call potential investors to see if they would be interested in speaking with a broker. After four hours of cold calling I went home crying. Each time I made a call that day, I would feel apprehension: afraid they would ask a question I would not have the answer to; afraid they would be rude to me; afraid I would get yelled at. Talking to strangers and trying to sell a product was not my strength.

After you know what you do not do well, there are two things to do: either manage those weaknesses or avoid situations that require them. To manage a weakness you need to leakage other skills to help you do that activity to the (level of the) status quo. Do not expect to ever make your weaknesses a strength. That same time you could use practicing and improving your current strengths and yield a much higher return on investment. Look at the activities you do not do well and see if there are ways for you to do that activity a little differently and still achieve it. Some things you can avoid absolutely. Is there someone at work whose strengths compliment your weaknesses? Maybe you can share the work. Do you have the authority to hire someone to take on the work you do not do well so you can focus on your strengths? In my business I am good at the organizational management piece where my partner is better at the sales piece (remember my cold-calling experience). I focus on directing the vision of our organization while he brings in the business. Would this work for you?

By understanding your strengths versus your weaknesses, you can begin shaping your job to fit you (or finding a different career). You will find you have much more satisfaction after spending your day being successful versus struggling through a workday by trying to rely on weaknesses. And go ahead, play at work.














Thursday, January 10, 2019

Sales Force Software Benefits Employees and Owners

The Commission is one form of incentive. Employees who are involved in sales receive their monthly salary plus commission per month as part of their compensation. In a large organization that has many sales employees, it is quite difficult to monitor sales amount with their respective quota of each employee which is the reason why managers hire more employees to do the administrative work of their sales people. More employees mean more manpower cost to the company.

One way by which a company can cut cost is through the use of Sales Force Software. Aside from no longer needing more employees to do the administrative work and monitoring work of people who focus on closing the deals, it will be able to enable the sales people to do what they are supposed to do but more effectively and more efficiently. It also enables managers to monitor the sales of their people and give what is due them. Thus, employees no longer waste time checking and rechecking what has been given them which will enable them to focus more on their work. There are many kinds of versions of the software available. All you need to do is find the one that will fit you and the type of industry that you are in. That is one way by which you can determine which sales software to get.

From an owner's point of view, a sales force software is a necessity. It will be able to give accurate numbers on the performance of the sales employees which will enable them to manage their people well. Aside from giving proper incentives, they will be able to give other forms of motivation to inspire their workers to work well or if the numbers show that there is a dip in the performance, the owners will be able to nip it in the bud which is why this software is considered as an effective tool for sales management.














Wednesday, January 9, 2019

Stock Market Guide to Investing For Beginners

As a general guide to investing: the stock market and investing for beginners is a bit like a riddle. All investors should understand the stock market because stock investing is the key to higher investment profits. At the same time, investing DIRECTLY in the stock market is not smart investing for beginners, because it often leads to unnecessary losses. So, here's a basic guide to investing in stocks without playing the stock market, so you can make money and sleep at night.

No matter what anyone tells you, the stock market is not predictable over the short term. For example, not one person on the face of this earth predicted that in early May of 2010 that the US stock market would fall 999 points within one trading day. Most people do not even know what 999 points means. The good news is that you do not need to understand the day to day rhetoric of the market to make money investing in stocks. But you should understand how the stock market works; and how investing for beginners can be simplified.

Stock prices fluctuate based on only one thing: buying and selling activity. Every second the market is open, some people are placing BUY orders and others are placing SELL orders. If these orders are in balance prices change little. If buy orders far outweigh sell orders prices soar; and if sell orders swamp buy orders prices fall like a rock. The stock market is simply an auction where buyers and sellers (buy and sell orders) are hooked up with each other. What prompts investors to buy or sell? More than anything else, the news events of the day influence investment decisions.

For example, there was bad news on debt problems in Europe the day the Dow Jones Average dropped nearly 1000 points before recovering most of the loss before the market closed. Why the move was so extreme was a bit of a mystery, but one thing is for sure. Big sell orders swamped buy orders and prices took a dive. The Dow Jones Average started the day at about 10,000 (it was actually a few hundred points higher), so a 1000 point move translates to about a 10% drop in stock prices in one day. Now, let's move on to our guide to investing for beginners.

You do not need to play the stock market game of outguessing the market on a daily basis in order to make money in stocks. The good news is that over the long term stocks have been good long term investments, with average annual returns of about 10% over the last 80 years or so. There have been years when the stock market and stock investors on average lost 50%, and years when it gained 50% or more; but these are the exception.

Stock investing for beginners should focus on long term investing in stock mutual funds. As a basic guide to investing ... if you own stock funds, bond funds and money market funds in about equal amounts ... you should do just fine over the years without wild swings in the value of your total investment portfolio.

In mutual funds professionals do the management for you. By owning all three basic fund types (stock, bond and money market funds) your overall risk is lowered. When the stock market has a bad day or year, you've got money in safer investments to cushion the blow. The real secret to investing for beginners is this: allocate your assets to stocks, bonds and the money market by investing in mutual funds. Decide how much (what percent) to invest in each, and keep your money invested that way. Let's say you go with 50% in stock funds and 25% in each of the other two categories. Once a year review your results, and move money if your percentages have changed. For example, if your stock fund (s) is now only 40% of your total investment, move money from the others to bring it back to 50% ... ditto to keep your other funds in line with your original allocation.

If you keep your money invested across all three asset classes (like above) the stock market and its unpredictability should not longer be a major concern.














Tuesday, January 8, 2019

Fleet Managers Using Geofencing to Monitor and Track Company Assets

Asset monitoring using geofencing is a cost effective way for businesses to track inventory and high valued content.

Asset monitoring and protection is an important part of fleet management.

An essential part of monitoring and protecting your company's equipment, fleet, or high valued content is being able to know where they are and what they are doing at all times.

This is what makes geofencing so valuable.

Geofencing or geo-fencing, is the process of using GPS tracking software to create a virtual boundary around a specific geographic location to be tracked using GPS tracking hardware.

Aside from just being a way to track activity within a specific geographic location, geofencing is a powerful tool used in establishing driver accountability, improving daily operations, and increasing overall company productivity.

Creating geofences to efficiently begin monitoring activity into and out of a specific location is very simple.

Step One: To begin creating your geofence, select the polygon radio button. Then give your geofence a name.geofencing

Step Two: Draw a polygon around the geographical location you want your geofence to encompass.

Step Three: After completing the polygon shape, type in a contact name and email for the geofence alert to be sent to. Click 'Set Geofence' go create.

NOTE: When creating a geofence, you want to make sure to create an entry / exit point to be used to trigger incoming and outgoing geofence alerts. If the location you are creating a geofence for contains a wash area, make sure to create an entry / exit point for it to trigger it's own event when trucks / vehicles are done unloading and need washing before being reloaded. Geofence alerts can help businesses to further manage a positive customer experience with real-time data about a drivers current location and whether they are loading, unloading, or even in a washing event.

Once a geofence is established, anytime traffic enters or leaves that specified area, alerts will be sent to fleet management specifying either an entry into or an exit out of the location.

Geofence alerts and reports allow dispatch to not only know where their fleets are, but also gives them the ability to know if their fleet, whether it is a vehicle, loaded trailer, or a piece of equipment, is moving or not.

This is especially important in cases where construction equipment left on a site sets off a geofence alert after-hours.

It may also indicate a possible theft or off-hours use of company equipment by an employee or someone else.

Either way, asset monitoring using geofencing means being able to catch both instances of activity and could mean a savings to the company bottom-line.














Monday, January 7, 2019

How To Play Time Management Games Online For Free

1. First a warning, playing games can be addicting so remember to manage your playing time. Also be sure to download time management games from sites that you trust and always keep your anti-virus program up to date.

2. Check your browser some time management games require the Internet Explorer browser and will not work with Firefox and some other browsers.

3. Decide if you want to play time management games online or download them and then play. Please check our "Times Management Games" section for resources that is updated regularly.

4. Let us look at some of the games that you can play for free online. As you will see there are many time management games to choose from so take the time and try several of them, you will soon find out which one you like the most.

Belle's Beauty Boutique:

'Belle's Beauty Boutique' you must help run a beauty parlor single-handedly. The owner, Belle, needs your help to give all of her customers the treatments they want. Help her wash, cut, shampoo and color a crazy cast of characters. Watch them gossip, flirt, and help Belle realize her dream of creating the ultimate beauty salon.

Big Island Blends:

After arriving on Big Island you discover that the "fortune" you've just inherited is an orchard? Well, what better way to turn your fields into a real fortune than opening a smoothie stand Serve your delicious fruit concoctions to the thirsty inhabitants of Big Island in level after level of fast-paced fun. Then, use your hard-earned money to purchase a wide variety of sparkling upgrades to make your smoothie stand the best on Big Island! Colorful, fast, and fun, try Big Island Blends for a unique taste of the tropics.

Burger Island:

Help our heroine Patty turn around a run-down burger stand located on deserted Mount Tikikola Beach in 'Burger Island'. Juggle orders from demanding customers, purchase over 30 exotic mouth-watering recipes, unlock more than 40 delicious ingredients, combining up to 9 per order, all while keeping an ever-watchful eye on the clock. With 60 increasingly challenging levels, see if you have what it takes to help Patty build the best burger stand on the island!

Burger Shop:

After receiving a set of strange blueprints in the mail, you build an extraordinary food-making contraption and open a restaurant. Your goal? Make food and satisfy customers until you discover the truth behind the mysterious blueprints. Burger Shop is a fun and addicting time-management game with several play modes including: Story Mode, Challenge Mode, Relax Mode and Expert Story Mode, each with different trophies you can collect. Utilize unique food making devices to make over fifty different food items during your quest. With four play modes, over sixty upgrade items and ninety-six trophies, you can play Burger Shop forever!

Cake Mania:

Baking runs in Jill's family. Help Jill upgrade her kitchen with state-of-the-art baking tools, while serving her ever-increasingly difficult customers. Help Jill earn enough to reopen her grandparents' bakery in this fast-paced culinary crisis.

Cake Mania 2:

After re-opening the Evans Bakery, and sending her grandparents on an exotic Hawaiian cruise, Jill is back in an all-new, out-of-this-world adventure! Explore six far-flung bakery locations; serve up deliciously original creations to 18 quirky customers, ranging from Federal Agents to mysterious Aliens, and choose the path Jill will take in 'Cake Mania 22!

Delicious 2:

Uncle Antonio needs Emily's help to get out of a financial fix. Help Emily rescue her family's finances in five all-new restaurants, each with a unique menu and theme. Use your earnings to purchase decorations sure to make your customers smile. Emily's friends and family are on hand to help, but it's going to take your serving savvy to get Uncle Antonio back on track. Featuring two game modes, all-new customers, and hours of fast family fun, 'Delicious 2 Deluxe' is just the thing to satisfy your craving for fun.

Features:

* Two Game Modes

* Five All-New Restaurants

* 60 Challenging Levels Featuring New Customers

* Decorate Your Restaurant Your Way

Delicious Deluxe:

Join Emily on her quest to make her dreams come true in two game modes and seven different restaurants. Success means more tables, bigger restaurants, and a menu full of uniquely delectable items. Tasty treats may keep your customers happy, but it's going to take quick clicks and careful timing to get Emily's ambitions off the ground. Take a bite out of Delicious today!

Features:

* Two Game Modes

* Seven Different Restaurants

* Bonuses Like Bigger Trays, Chocolate, and Stars

* Five Types of Customer

Diner Dash:

Diner Dash is the action-puzzle that brings out the entrepreneur in all of us. Poor Flo! Sick and tired of pushing paper in the world of finance, she ditched her desk job and is setting out to build her very own restaurant empire. Flo's on her own now and heading for the top! It won't be easy, though. To get there she'll have to start on the ground floor and she needs your help to survive and thrive. Diner Dash combines fast-paced puzzle action with a build-your-restaurant-empire theme. You'll start with a run-of-the-mill greasy spoon and end up in a dream restaurant that will take your breath away!

Features:

* 40 challenging levels of addictive, skill-based game play that allows you to grow your restaurant through 4 complete re-models

* Five different types of customers, each with different behaviors

* Two modes of play: Career and Endless Shift

* Fun sounds, cool visual style, flashy effects, and humorous animations

* High score tracking and automatic game save

Diner Dash®: Flo on the Go:

Flo trades in her apron for a passport to paradise! But will our hard-working waitress get a chance to relax? Seat customers, take orders, collect tips and dress up Flo in hundreds of vacation outfits in the all-new Flo's Closet".

Wedding Dash":

Help Quinn, a hopeful wedding planner, make wedding bells ring! Featuring the hilarious ups and downs of wedding day drama, 'Wedding Dash"' incorporates the plate-spinning fun from the 'Diner Dash®' series with the added challenge of pulling off the perfect wedding reception. Can you keep the bride and groom happy and Quinn's business afloat? Help couples select all the details - from tasty cakes to gorgeous flowers - but once they've tied the knot, lookout for obstacles preventing the perfect party, such as tipsy guests, falling cakes, and catty bridesmaids. When the going gets tough, keep an eye out for extra help from everyone's favorite server, Flo! It's a fast-paced challenge to execute a flawless event, but for the determined Quinn, it's all in a day's work!

5. There are several types of games available, some give you resources that you have use or spend to advance to the next level. Some time management games you must complete a number of tasks within a fixed period of time while in other games you have a certain number of lives, when you have lost them the games are over. Also there are games where you can continue to play until you figure out how to advance to the next level.

6. By now you have decided what time management game you want to play. Before you start the game check the game options, select the easiest level or story mode (where available) first time so you time to become familiar with the game.

7. As you become more experienced move through the different levels or game modes. Remember one of the advantages of playing time management games online is that you can communicate with other people playing the same game, so you can always ask for help.

8. Have fun but remember playing time management games can be addictive so take a break away from your PC every now and then.

Shortly we will look at time management games that you can download and play for free, so please re-visit or subscribe to our blog.

Warm regards,

Henrik

PS. Where can you find the games mentioned above? Please go to: http://games.aol.com/browse-games/arcade/time-management/














How Much Does It Cost To Invest In The Stock Market?

The answer to "how much does it cost to invest in the stock market?" depends on a number of factors including but not limited to the kind of investor you are, the type of stock you buy and the company you choose to invest in. The stock market is risky business because the probability of you losing money is high. That is the reason why you need to understand the fundamentals of the business before you invest. Before you can determine the cost of investing in the stock market, you will have to understand how it works.

What Is the Stock Market?

Stock market is the buying and selling of stock (shares) of a company. The shares are securities that are listed on the stock exchange. Once you buy the stocks of a company you automatically become a shareholder in the company. You will earn from the stock you bought in two ways; first through the dividends that are paid by the company to the shareholders. The second way you earn money is through the appreciation of the company. Depending on the type of stocks you bought, the dividends are usually calculated on a fixed rate or variable rate.

The Different Types Of Stocks Can Affect How Much It Costs

When it comes to calculating how much it costs to invest in the stock market, you will have to determine the type of stocks you are buying. There are different types of stocks and they all have different market value.

Common Stocks; These are securities that represent ownership of a company. Once you buy these stocks you will have a right to vote at any shareholder meeting. The common stock shareholders however, are usually at the bottom of the priority ladder. This means if the corporation goes bankrupt, the common shareholders will only receive their money after the creditors and the preferred shareholders. In terms of cost these stocks have a less yield.
Preferred Stocks; These stocks give you a little ownership of the company but you do not get any voting rights. The preferred stock shareholders usually receive dividends that are calculated on a fixed rate. The preferred stocks have a higher yield per stock as compared to the common stocks.
Penny Stocks; These are usually referred to as common stocks of the small public companies. The penny stocks are usually priced at $ 5 and below.
Factors That Affect Stock Prices

The price of a stock effects how much it will cost to invest in the stock market. It is thus important to understand the factors that affect the stock prices.

Company Performance

This is the major factor that impacts the stock prices. The company performance, returns to the company earnings, both current and future earnings. The performance of the company may be affected by factors like employees' layoff, change in company management, a new service or product, scandals and many more. These internal factors directly influence the price of a stock.

Inflation And Deflation

Both of these factors directly affect the stock market. Inflation is where the prices of goods and services rapidly go up. This causes the cost of manufacturing and transporting of goods to go up. In an event of inflation, the stock market drops due to the decrease in revenue. Deflation on the other hand is usually the drop in the prices of goods and services. While deflation is supposed to be a good relief, most investors do not invest in the stock market. This is because they believe that the economy is weak. This causes the stock market to drop.

Interest Rates And Foreign Markets

The interest rates that are imposed on a company while borrowing money from the financial institutions usually affect the prices of the stocks. Higher interest rates typically affect the company borrowing which will in turn reduce their profits and dividends. Foreign markets on the other hand affect the stock prices indirectly. When the economic status of the countries goes down, it affects the stock market negatively. Once the economic status changes, it influences how the foreign countries will trade with the said countries. This will in turn affect the stock market of the foreign countries.

Tips Of Determining the Cost Of Investing In the Stock Market

Time to invest; when it comes to the cost of investing in stock market, it is not only money that matters. The time you invest in financial market is also important. You need to determine the amount of time that you are willing to invest in the stock market.

The number of shares you are willing to buy; the number of shares that you are going to buy will determine the total amount of money you will use. If you are new to the business is advised you buy a few stocks as you learn about the business. Also remember not to buy all your stocks from one company, diversification is very important.














Making Money With the Eminis

Experienced traders are familiar with emini futures or eminis as they call them. Eminis have been in the market for a long time. They are not as large as 'full-grown' futures that are traded on at stock exchanges. Eminis, on the other hand are traded on the internet.

This permits retail traders to compete against professional traders at the stock exchange, without having to leave the comfort of their homes. Only forex trading can give a trader more benefits than futures trading. Of course, inexperienced traders are at greater risk of losing heavily when dealing with futures or forex trading. But this has not deterred people from trading in either of these markets.

Though trading eminis is not a simple and easy process, a dedicated trader can acquire the skill with experience. Trading rules which apply to stocks and bonds also apply to eminis. Following these basic rules is extremely important when trading with eminis because of the enormous leverage it offers.

Failure to do this will certainly result in wiping away one's trading account within a short time. One of these rules is that you should 'let your profits run'. Another rule insists that you must 'cut your losses short'. This pair of rules makes a very sensible combination and provides for sensible trading.

The second rule, asking you to cut your losses short is of greater importance than the first which demands that you let your profits run. You may wonder why this should be so. It is so because if you do not cut your losses you will certainly deplete your trading account very quickly when you are dealing with eminis. Sadly, people do not pay enough attention to this golden rule and end up facing enormous losses.

We shall now look at this aspect of the trade since it is usually not given the attention it deserves. One knows fully well that the trader, like any of us, would not want to admit even to himself that he has made an erroneous decision. Being reluctant to acknowledge his mistake, the trader's ego will push him into waiting for a favorable change. All this time the trader will be accumulating losses.

While optimism has its own role to play in trading, it is also necessary to use one's common sense and be realistic and disciplined in money management. Breaking basic trading rules is not a sign good money management. Another reason why this 'cut your losses short' rule is violated is that traders lack confidence in the methods that they use to trade.

Because the trader who is chalking up losses feels that he has no better trading option, he holds on to his trading even when he keeps losing. He should bring himself to believe that it would be better to quit the losing trade because other, and better, opportunities would come his way in time.

The lesson one must take home from this is that when trading emini futures or any other market it is essential to have a sound strategy that one can depend on to cut one's losses before they become disastrous.














Friday, January 4, 2019

Choosing a Web Designer

Many small business owners struggle with deciding on how to make the right choice for designing their website. They search the web for help with their website and find that the choice is harder than they thought. Currently there are (literally) millions of websites who claim to be professional web designers. However, one must be careful in choosing the right person or people in which to trust their company image. In this article, I will attempt to categorize web designers into manageable groups, and teach the reader the difference between the types.

Web designers fall into four general categories: freelance amateur, freelance professional, Web Design Company, Web Development Firm.

Freelance Amateur

The majority of web designers you will come across, especially searching the Internet, are freelancers. That is, individuals who do web design but are not employed by a web design company. Some are self-employed professionals but most of these freelancers are amateur-hobbyist types. They find a copy of FrontPage™ came with their MS Office™ Suite. They discovered how fun it could be to make web pages so they started telling their friends that they could "design" web pages.

The "pros" of using an amateur is that they are very cheap. The "cons" are too numerous to mention, but I'll point out a few. They have no training; they have little knowledge of what makes a good website work; they do not understand HTML code or CSS but only FrontPage point and click; they do not understand general design and layout concepts and they have little real experience. The biggest reason they should be avoided for the serious businessperson, is that their work looks amateurish, which makes your company look amateurish. Who wants that?

Freelance Professional

A professional is often defined by simply being paid. People think that if you are paid for something, then you are professional. Maybe that's true in the Olympics, but for the business services world, you are not a professional until you are established and respected as one by your clients and peers. Freelancer professional web designers are a giant leap from the amateur in that they have established a portfolio of respectable work. They have some sort of qualified training and experience and they have credentials that can be verified by contacting references. They have a good reputation with their clients and other professionals. In general, a good freelance professional web designer can be good person to have doing your site. But they are hard to distinguish from the amateur when you are just searching the web.

The upside is, if you find a good one they are significantly cheaper than a web design company. But that is usually the only upside. If the budget limits you, then a freelancer will do for a small project. But anything seriously important should be left to a professional company.

Some downsides to using a freelance pro are that they are usually part-time, meaning they are limited in how much time they can devote to your project. They are also limited in what they can do for you. Most freelancers are specialists in one area and generalists in everything else. Some have no skills in anything except their one specialty and often you will have to find others to fill roles. In addition, freelancers are not always cheap although many of them are aspiring to create their own company; some are highly sought after and charge $100 per hour or more for their work. My advice here is, if you have that much to spend, go with a company that has a team of professionals to get the job done in a timelier manner.

Web Design Company

This is the next step beyond a freelance professional. The web design company offers the "whole show". They provide real project management and have pulled together a team of web experts to get a wider range of jobs done. A company can provide a much higher level of expertise in web design, programming, content development and more.

Such a company is usually very small, yet large enough to handle larger scale projects. Compared to the most highly qualified freelancer, a company has a diversity of talent and collaboration working for them. The end-result is usually a much higher quality product.

The only real drawbacks are on the one hand, the web design company is more expensive than a freelancer because there are many more people on the job. However, you get what you pay for rings true. On the other hand, for very large projects or long term development, web design companies may be too small and usually do not have the human recourses to accommodate that $500,000 contract. In the end, for serious business people looking for quality and professionalism and who can't afford the big firm, this is the way to go.

Web Development Firm

As the title implies, a web development firm is like any traditional company. They have a staff of office workers, they have owners and officers, and they have a team of talented professionals who are paid a good salary for their work. They often have a sales force that do inside and outside sales. The quality of their work goes without saying, as you could not be so well-established by doing shoddy work. These firms offer teams of very talented professionals who work on your project and get the job done in a timely and extremely efficient manner. Additionally, they usually cover all aspects of website development including marketing and advertising. They may have teams of specialists that they can deploy to your location and work in-house under a temporary contract. The possibilities are endless.

If price is not an issue and the highest quality work is necessary, then this is who you want to do the job. For smaller budget businesses, a quote from an established web development firm might knock you off your chair, but know that companies who have project requirements that reach hundreds of thousands of dollars know the score. Thus, the only real drawback for a web development firm is that they are usually very expensive. Then again, cost is relative and bigger companies like to work with bigger companies.

In summary, the choice is yours. I would recommend for the serious businessperson, that you budget a decent amount of dollars to properly design and execute a professional website. I would avoid the amateur and outsource to an individual or company with good experience and reasonable rates to create my web presence. If money were no object, then I would only deal with established firms and pay the big bucks to get the job done right and done well.














Tuesday, January 1, 2019

LED Headlight Bulb Conversion Kit Upgrades for Car Headlamps

In 2015 there are quite a few companies selling LED headlight kits.

The things that you need to look for are Heat Dissipation, Beam cut-offs, and the type of light emitting diodes that are being used. With LED headlight technology, you can't have one without the other, and in the end, the same old adage, "you get what you pay for", still rings true.

If you have great Philips or CREE LEDs in the product, but don't have the technology and thermal management systems to properly interact with these LEDs, you are simply wasting your money.

Thermal management is key in getting the longest life out of the LEDs.

You want the LEDs to be bright, but you also want them to last the distance.

Beam cut-offs are also important so as to give the best beam of light possible out the front of your car, truck, motorcycle, or driving light.

A lot of companies simply do not have the depth of technology to be able to get these three elements working together, to maintain brightness, beam direction, and longevity.

Thermal management systems have come a long way since the "bad old days" when people started pumping more power through light emitting diodes.

The main issue was that light emitting diodes burnt out very quickly in high temperature environments.

LED headlamp bulb manufacturers are now using either the "Fan" type system coupled with copper pipe tubing technologies to dissipate the heat away from the light emitting diodes to prolong their life.

This in itself is a definite science, and without the right people, money, and equipment, you will not go far.

Luckily, a few companies are emerging as leaders in this industry and so providing the market with an affordable alternative to old halogen technology, and even HID technology.

There are many types of bulbs available that you can retro-fit into your car, but make sure you check the size of the LED bulb before you buy them.

Each car, or application, can have specific limitations on how much room is available in the headlights housing so make sure you check that the LED bulb is going to fit your specific application.

LED bulbs for cars are now becoming a lot brighter, but remember that they are still not as bright as HID.

They key to buying high performance LED headlight bulbs is to go with the leaders in the industry and pay the little extra for the best products on the market.

Look for companies who have been dealing in this technology from its conception and you will be well on your way to finding a solution that stands the test of time.














Saturday, December 29, 2018

How to Upgrade WordPress!

WordPress is a widely accepted and extremely preferred content management system which offers a simplified and user-friendly operations and a lot more to look upon. Any software or application, when used in the latest version, offers the best of services and functions so possible and so does WordPress. The procedure of updating can be transported out in two ways namely Automatic and Manual.

• Automatic Updates: You may often get infurated with the update notifications of various kinds. WordPress relieves you with the automatic update option. For the version 3.7+, the user needs not to imprise an even bit of efforts. If the site is designed to install updates without the use of FTP credentials, the updates will itself run in the background allowing the version to update from 3.7 to 3.7.1, 3.7.2 etc. This is facilitated for minor and security updates however even for the purpose of major updates, the user just needs to click 'Update Now'.

WordPress provides the users with minor bug fixes with the minor latest versions as available. Therefore, a user is suggested to adopt minor fixes as and when available. Automatic updates are so very useful and valuable. Neverheless, if one wants to disable the option serving automatic updates, he can do it too.

If the notification conveys 'failed updates', the way out is to delete the file named .maintenance which is present in the WordPress directory. This will eliminate the message. If all the efforts of automatic updates go in vain, the user can turn up to Manual Updates.

• Manual Updates: Manual Updates can be time-consuming and tiring, however, the sense of accomplishment is satisfactory. The Manual Updates option can be exercised if the blog's URL is in the form [http://example.com/wordpress/].

The procedure involves few steps that are mentioned below.

1. The User needs to download the latest available version of WordPress.

2. All the plugins are to be deactivated which can be done by using the deactivate button in the drop-down list after selecting all the plugins.

3. Replace the previously annexed WP-includes and WP-admin directories with the latest installed ones. This can be done using the FTP or Shell Access)

4. The users without deleting any WP-content folder or directory are required to overwrite the existing WP-content folder's individual files with the new files. This can be done using FTP, file manager or shell SSH.

5. The same process needs to be followed by the rest of the files. All new files available in the root directory of the new version must overtake the old files in the existing directory.

6. The default files so customized must not be overwritten or else you will lose access to the preset ones.

7. Try the WP-config-sample.php as it might have certain new settings that could attract you and fascinate you to implicate your own WP-config.php.

8. Just in case, you hired the manual procedure after the auto-upgrade failure, a file named .maintenance will hamper you. This needs to be deleted from the directory through the FTP.

9. Log in to your database and further follow the database update instructions which are offered with an update link to assure compatibility. Also, reactivate the plugins and at this note, the task is accomplished.














Saturday, December 22, 2018

Be All That You Can Be: The Company Persona and Language Alignment

It's not just CEOs and corporate spokespeople who need effective language to be the message. The most successful advertising taglines are not seen as slogans for a product. They are the product. From M & M's "melts in your mouth, not in your hand" to "Please do not squeeze the Charmin" bathroom tissue, from the "plop, plop, fizz, fizz" of Alka-Seltzer to "Fly the friendly skies of United, "There is no light space between the product and its marketing. Words that work reflect "not only the soul of the brand, but the company itself and its reason for being in business," according to Publicis worldwide executive director director David Droga.

In the same vein, advertising experts identify a common quality among the most popular and long-lasting corporate icons: Rather than selling for their companies, these characters personify them. Ronald McDonald, the Marlboro Man, Betty Crocker, the Energizer Bunny - they are not shills trying to talk us into buying a Big Mac, a pack of smokers, a box of cake mix, a package of batteries; they do not even personalize the product. Just like the most celebrated logos, they are the product.

Walk through any bookstore and you'll find dozens of books about the marketing and branding efforts of corporate America. The process of corporate communication has been thinly sliced ​​and diced over and over, but what you will not find is a book about the one really essential characteristic in our twenty-first-century world: the company persona and how words that work are used to create and sustain it.

The company persona is the sum of the corporate leadership, the corporate ethos, the products and services offered, interaction with the customer, and, most importantly, the language that ties it all together. A majority of large companies do not have a company persona, but those that do benefit significantly. Ben & Jerry's associates in part because of the funky names that theyave to the conventional (and unconventional) flavors they offer, but the positive relationship between corporate management and their employees also plays a role, even after Ben and Jerry sold the company. McDonald's in the 1970s and Starbucks over the past decade became an integral part of the American culture as much for the lifestyle that they reflected as the food and beverages they offered, but the in-store lexicon helped by setting them apart from their competition. (Did any customers ever call the person who served them a cup of coffee a "barista" before Starbucks made the term popular?) Language is never the sole determinant in creating a company persona, but you'll find words that work associated with all companies that have one.

And when the message, messenger, and recipient are all on the same page, I call this rare phenomenon "language alignment," and it happens far less frequently than you might expect. In fact, all of the companies that have hired my firm for communication guidance have found themselves linguistically unaligned.

This manifests itself in two ways. First, in service-oriented businesses, the sales force is too often selling with a different language than the marketing people are using. There's nothing wrong with individualizing the sales approach to each customer, but when you have your sales force promoting a message that has no similarity with the advertising campaign, it undermines both efforts. The language in the ads and promotions must match the language on the street, in the shop, and on the floor. For example, Boost Mobile, which caters to an inner city youth demographic, uses the slogan "Where you at?" Not grammatically (or politically) correct - but it's the language of their consumer.

And second, corporations with multiple products in the same space too often allow the language of those products to blur and bleed into each other. Procter & Gamble may sell a hundred different items, but even though each one fills a different need, a different space, and / or a different category, it is perfectly fine for them to share similar language. You can use some of the same verbiage to sell soap as you would to sell towels, because no consumer will confuse the products and what they do.

Not so for a company that is in a single line of work, say selling cars or selling beer, where companies use the exact same adjectives to describe very different products. In this instance, achieving linguistic alignment requires a much more disciplined linguistic segmentation. It is almost always a more effective sales strategy to divvy up the appropriate adjectives and create a unique lexicon for each individual brand.

An example of a major corporation that has betrayed both of these challenges and still managed to achieve linguistic alignment, even as they are laying off thousands of workers, is the Ford Motor Company - which manages a surprisingly diverse group of brands ranging from Mazda to Aston Martin. The Ford corporate leadership recognized that it was impossible to separate the Ford name, corporate history, heritage, and range of vehicles - so why bother. They came as a package. Sure, Ford serves an individual brand identity, through national and local ad campaigns and by creating and maintaining a separate image and language for each brand. For example, "exceptionally sensual styling" certainly applies when one is talking about a Jaguar S Type, but would probably not be pertinent for a Ford F 250 pickup truck. But the fact that the CEO carries the Ford name communicates continuity to the company's customers, and Bill Ford sitting in front of an assembly line talking about leadership and innovation in all of Ford's vehicles effectively puts all the individual brands into alignment.

The words he uses - "innovation," "driven," "re-committed," "dramatically," "dedicated" - represent the simplicity and brevity of effective communications, and they are wrapped around the CEO who is the fourth- generation Ford to lead the company - hence credibility. The cars are the message, Bill Ford is the messenger, the language is dead-on, and Ford is weathering the American automotive crisis far better than its larger rival General Motors. Again, the language of Ford is not the only driver of corporate image and sales - but it certainly is a factor.

In fact, the brand-building campaign was so successful that GM jumped on board. But Ford quickly took it a step further. In early 2006, they began to leverage their ownership of Volvo (I wonder how many readers did not know that Ford bought Volvo in 1999 and purchased Jaguar a decade earlier) to communicate a corporate-wide commitment to automated safety, across all of its individual brands and vehicles. Volvo is one of the most respected cars on the road today, and aligning all of Ford behind an industry leader is a very smart strategy indeed.

So what about the competition?

General Motors, once the automotive powerhouse of the world, has an equally diverse product line and arguably a richer history of technology and innovation, but their public message of cutbacks, buy-backs, and layoffs was designed to appeal to Wall Street, not Main Street, and it crushed new car sales. At the time of this writing, GM is suffering through record losses, record job layoffs, and a record number of bad stories about its failing marketing efforts.

It did not have to be this way.

The actual attributes of many of the GM product lines are more appealing than the competition, but the product image itself is not. To own a GM car is to tell the world that you're so 1970s, and since what you drive is considered an extension and expression of yourself to others, people end up buying cars they actually like less because they feel the cars will say something more about them.

Think about it. Here's a company that was the first to develop a catalytic converter, the first to develop an advanced anti-tipping stabilization technology, the first to develop engines that could use all sorts of blended gasolines, and most importantly in today's market, the creator of OnStar - an incredible new-age computerized safety and tracking device. Yet most American consumers have no idea that any of these valuable innovations came from General Motors, simply because GM decided not to tell them. So instead of using its latest and greatest emerging technology to align itself with its customers, GM finds itself in a deteriorating dialogue with shareholders. No alignment = no sales.

Another problem with GM: No one knew that the various brands under the GM moniker were in fact. . . GM. Even such well-known brands as Corvette and Cadillac had become disconnected from the parent company. Worse yet, all the different brands (with the exception of Hummer, which could not get lost in a crowd even if the brand manager wanted it to) were using similar language, similar visuals, and a similar message - blurring the distinction between brands and turning GM vehicles into nothing more than generic American cars. Repeated marketing failures were just part of GM's recurring problems, but as that issue was completely within their control, it should have been the easiest to address.

When products, services, and language are aligned, they gain another essential attribute: authenticity. In my own market research for dozens of Fortune 500 companies, I have found that the best way to communicate authenticity is to trigger personalization: Do audience members see themselves in the slogan. . . and therefore in the product? Unfortunately, achieving personalization is by no means easy.

To illustrate how companies and brands in a competitive space create compelling personas for them while addressing the needs of different consumer groups, let's take a look at cereals. Anyone can go out and buy a box of cereal. But different cereals offer different experiences. Watch and listen carefully to their marketing approach and the words they use.

Most cereals geared towards children sell energy, excitement, adventure, and the potential for fun - even more than the actual taste of the sugar-coated rice or wheat puffs in the cardboard box. On the other hand, cereal aimed at grown-ups is sold based on its utility to the maintenance and enhancement of health - with taste once again secondary.

Children's cereals are pitched by nonthreatening cartoon characters - tigers, parrots, chocolate-loving vampires, Cap'ns, and a tiny trio in stocking caps - never an adult or authority figure. Adult cereals come at you head-on with a not-so-subtle Food Police message, wrapped in saccharine-sweet smiles, exclaiming that this cereal is a favorite of healthy and cholesterol-conscious adults who do not want to get colon cancer! Ugghhh. Kids buy Frosted Flakes because "They're grrrreat!" Adults buy Special K because we want to be as attractive and generous as the actors who promote it. When it comes to cereal, about the only thing parents and kids have in common is that the taste matters only slightly more than the image, experience, and product association - and if the communication appears authentic, they'll buy.

And cereal certainly sells. From Cheerios to Cinnamon Toast Crunch, more than $ 6 billion worth of cold cereal was sold in the United States alone in 2005. If you were to look at the five top-selling brands, you would see a diverse list targeted to a variety set of customers. The language used for each of these five brands is noticeably different, but in all cases totally essential.

In looking at the first and third best-selling brands of cereal, one might initially think that only a slight variation in ingredients mark their distinctions. Cheerios and Honey Nut Cheerios are both based around the same whole-grain O shaped cereal, but are in fact two very different products, beyond the addition of honey and a nut-like crunch.

The language behind Cheerios is remarkably simple and all-encompassing - "The one and only Cheerios." Could be for kids. . . could be for young adults. . . could be for parents. Actually, Cheerios wants to sell to all of them. As its Web site states, Cheerios is the right cereal for "toddlers to adults and everyone in between." The mixture heart-shaped bowl on each box suggests to the older consumer that the "whole-grain" cereal is a healthy start to a healthy day. But the web site also has a section devotedly to younger adults, complete with testimonials and "tips from new parents" talking about how Cheerios has helped them to raise happy, healthy children. The language behind Cheerios works because it transcends the traditional societal boundaries of age and adds a sense of authenticity to the product.

While you could probably live a happy and healthy existence with Cheerios as your sole cereal choice, there is a fundamental segment of the cereal market that demands more. For the cereal-consuming public roughly between the ages of four and fourteen, a different taste and linguistic approach is required. Buzz the Bee, the kid-friendly mascot of Honey Nut Cheerios, pitches the "irresistible taste of golden honey," selling the sweetness of the product to a demographic that craves sweet foods. While the parent knows that his or her child desires the cereal because of its sweet taste (as conveyed through the packaging), Honey Nut Cheerios must still pass the parent test. By putting such statements as "whole-grain" and "13 essential vitamins and minerals" on the box, the product gains authenticity, credibility, and the approval of the parent.

Two different messages on one common box effectively markets the same product to both children and parents alike, helping to make Honey Nut Cheerios the number three top-selling Cereal in 2004. So with the addition of honey and nuts, General Mills, the producer of the Cheerios line, has filled the gap between toddlers and young adults, and completed the Cheerios cradle-to-grave lifetime hold on the consumer.

To take another example, if you want people to think you're hip and healthy, you make sure they see drinking bottled water - and the fancier the better. No one walking around with a diet Dr Pepper in hand is looking to impress anyone. These days, there's almost a feeling that soft drinks are exclusively for kids and the uneducated masses. There's a cache to the consumption of water, and expensive and exclusive brands are all the rage. Now, there may be a few people who have such extremely refined, educated taste buds that they can taste the difference between Dasani and Aquafina (I certainly can not), but the connoisseurs of modish waters are more likely than not posers (or, to continue the snobbery theme, poseurs). You will not see many people walking around Cincinnati or Syracuse clutching fancy bottled water. Hollywood, South Beach, and the Upper East Side of New York City are, as usual, another story.

There's one final aspect of being the message that affects what we hear and how we hear it. How our language is delivered can be as important as the words themselves, and no one understands this principle better than Hollywood.

At a small table tucked away in the corner of a boutique Italian restaurant on the outskirts of Beverly Hills, I had the opportunity to dine with legendary actors Charles Durning, Jack Klugman, and Dom DeLuise. The entire dinner was a litany of stories of actors, writers, and the most memorable movie lines ever delivered. (Says Klugman, an Emmy Award winner, "A great line is not spoken, it is delivered.") Best known for his roles in The Odd Couple and Quincy, Klugman told a story about how Spencer Tracy was practicing his lines for a movie late in his career in the presence of the film's screenwriter. Notably pleased with the reading, the writer said to Tracy, "Would you please pay more attention to how you are reading that line? It took me six months to write it," to which Tracy shot back, "It took me thirty years to learn how to say Correctly the line that took you only six months to write. "

Spencer Tracy knew how to be the message - and his shelf of Academy Awards proved it.

Excerpted from WORDS THAT WORK by Dr. Frank Luntz. Copyright 2007 Dr. Frank Luntz. All rights reserved. Published by Hyperion. Available where books are sold.














Online Bill Pay and How It Works

Online bill pay is fast becoming a popular means of payment among people who want to practice good debt management skills, and save on both time and money in the process.

What exactly is online bill pay?

Generally, it is a payment method that lets an individual carry out payment instructions to creditors electronically through a computer program. This can actually get rid of errors, making it easier to manage debt. In addition, it is faster than mailing checks.

Online bill payment methods come in two basic categories: those being offered via a bank, and those offered via a service provider- like a credit card or phone company.

In general, online bill pay is designed to be fast and simple to use. Majority of major banking institutions, as well as businesses, provide this service without any charge. Individuals can choose to manually enter their payments every month, or arrange for an automatic withdrawal from their account. Automatic withdrawal allows them to set up their payments before their due date without worrying about giving manual instructions to make a monthly payment. The creditor will transfer funds straight from the bank, and enter these funds into their account with no action needed whatever.

Advantages of Choosing Online Bill Pay

The following information will help you consider the different advantages of using online bill pay:

Hassle-free

Individuals can save on time when using the online bill pay platform. Instead of writing out checks, wetting stamps and filing lots of papers, they can set up an online account to get rid of all these steps. It will also be easier and faster to manage their debt.

When they need to go over past bills, they do not have to waste time in looking for them - because all of their account information can be seen in one centralized location.

Cost Efficient

They can save on the stamping costs, which can add up. The average household gets 15 bills every month, which could amount to $ 70 a year in just postage costs.

They can avoid late payment fees that are incurred every time a payment is received after the due date. Missed payments could lead to the following:

  • Increase in interest rates;
  • Late payment charges and over limit fees.
When the payment is past due, their account could probably go to collection status.

Convenient

What is a more convenient solution to managing debt? Individuals could create their own automatic online bill account, so they can set up recurring payments that are to be regularly withdrawn from their account. This decreases the chance of late / lost payments, saving time in the process.

When they find out that one of their bills is due for payment on the next day, the best way to make sure that their payment will be posted on time is through online bill pay.














Thursday, December 20, 2018

Drive Your Business With the Automotive CRM Tool

If you are always scrambling for active leads, future leads, dropped leads, or sold cars, then your CRM data management is up for a drastic overhaul. You can not give the lame excuse that you're not computer savvy that's why you can not make use of the automated CRM tool. This is suicide if you're in business.

Car Dealers, Sit Up!

A sale a day keeps the bankruptcy at bay. Car dealers have to reach a target sales quota monthly to reap their rewards from the wholesale purchase of cars. That's how they make a living. If you're in the car business, you know how important it is to keep your customer information updated and manageable. The automated CRM tool saves all the trouble of wading through messy files.

If you are not computer savvy, or if your CRM staff is not that clever with computers, you still can not give the reason that the technology is beyond your ken. Software architects had this in mind when designing the software. They have made the features easy to use, and they did not design a rubic-like puzzle just to confound users of the software.

The screen layout of the software has recognizable buttons and have different color codes for different files. You can even keep track of the weekly appointments you have scheduled, so there's no time wasted; you have the customers well within your speed and mileage meter. You can also send your customers emails or chat them up.

You can even do a quick inventory of supplies and spare parts in just one go. You do not have to get up and rifle through old files to update anything needing a quick touch up. This expediency is not limited to your customer databank, but also extends to your suppliers' info tank.

Easy collaboration with suppliers from all over the globe makes it effortless for you to be updated about their latest products and stocks. You can always have first hand and consistent information to share with customers and target leads. This improves your customer care and services, helping your business pick up speed.

Efficient Collaboration

The automated CRM tool enhances your accounting methods. It becomes easy for you to track customer accounts and company expenses. You do not need many workers to manage your CRM databank. A fully trained employee can do the job of three persons efficiently with the CRM tool for automotive dealership.

You still have the option to let a third party manage your system. This comes cheaper because you do not have to pay for add-ons that may be required later or measures for your data security. Instead of paying the wages for a worker to manage your CRM, the service provider does this competently and costs much less when expenses are summed up.

The technology gives you the edge in sharing information with different departments in the business and with the car makers, gives better communication links with customers and suppliers, and helps personalize customer interaction.

Improved Sales

When there is a ready and updated file on customer information, it is easy to track leads and consistently follow them up, especially when there are new car models or spare-parts that have become available.

The automated CRM tool contains modules for sales force computerization and customer communications administration. Collection of customer data becomes efficient and the information that is collected is organized for easy analysis, which determinates consequent action.

With prompt action on leads and better customer service, sales is improved. Automotive CRM tool gives the business the better drive.














Wednesday, December 19, 2018

Money Savings Techniques

How to save more money is a simple question that often begets a simple answer, make more and spend less. This is certainly a case of easier said than done. Just like losing weight, all you have to do is just move more and eat less. I wish it was that simple. However, it's always harder to do because it involves changing our behavior.

More specifically, I'm talking about habitual behavior that we all rely upon. All of us have our own patterns of behavior at work, home, with friends, family, and even in money management. These behaviors allow us to rely on prior adjustments to maintain a sense of control over our environment. Its human nature to want consistency, reliability, and even predictability in life. Otherwise, life seems chaotic and we feel out of control. This can lead to stress and anxiety.

We can all agree that habitual behaviors help make life easier, but what if some products? A common example is someone who makes a good wage, but does not save. We do not want to alter the habitual behavior of approaching a good wage, but we want to change our behavior to be a saver.

Our saving habits most likely started in childhood. Our parents were our role models, but our socioeconomic status matters too. Many of those from a lower income family are very cost conscious even as they move into the middle class. They often keep frugal habits continuous learning more. These patterns from childhood can become deeply ingrained. Occidentally, the news reports a homeless man who has a million in the bank. He lives that way due to these deeply ingrained frugal habits from childhood.

If you were raised middle class or higher, you are likely to have less anxiety about money. But, you may end up saving less and spending more due to this complacency. I'm not saying you need to feel anxiety to save, but you do need a plan . It seems that the middle class, most of America, has fallen into this pattern of not saving enough for retirement.

By the time you are near retirement, your behavior patterns are well developed as a result of the many years of use. Changing these long term patterns is very difficult and often fails. It's natural to return to behaviors we are comfortable with. So, if we involve automatic savings before we receive the money , we do not have the nagging pressure of saving.

I like automatic savings because you often forget about it. There is no requirement to monitor or change your behavior as the amount to save is pre-arranged. The best automatic savings are the many retirement plans that invest your money pre-taxed, IRA, SEP-IRA, 401k, 403b, etc. You must maximize these plans whether there is matching or not . However, it's a mistake to stop there since we are still not saving enough even with these plans.

Because saving does not come naturally, we must have an after-tax plan like a Roth IRA or an investment account as well. Since this is after tax, you'll need to set up an automatic deposit yourself. The best method for all our savings is pre-arranged because we do not have to consciously decide to save each payday, we do not feel stressed or deprived, and are more likely to continue the saving program as a result. After all, Social Security is pre-arranged and its been successfully paying out benefits for a long time. We're just extending this model.

How much to save for leading up to retirement? Of course, this answer is different for each person. Some say 10% or 15% is good, but they are not retired. I'm retired and I can certainly tell you the more you save, the better. I forget percentages and save as much as I can . I notice that people adjust their lifestyle to accommodate whatever their income tend to be. Getting used to living modestly is a good idea and a prelude to retirement sustainability.

Many writers claim you'll need a huge nest egg of millions to last 30+ years in retirement. I see this as a narrow tactic to get you to buy their product. The truth is that income streams are the foundation of retirement for most of us , not a huge savings. Social Security, annuities, dividends and interest, and any work income are distributed to us over time. So, it's a continuous income stream that provides us with security and sustainability in retirement. In other words, do not panic if your savings are low, just work on maximizing the income streams.

A great method for reducing day to day spending is to use cash. When we pay with plastic cards, we become detached to the amount spent. Counting out the amount with cash heightens our awareness and reduces our spending (1). There are certain times when credit card protection is needed, but for day to day spending, cash can help balance your budget.

A realistic attitude is also needed to accept some economizing leading up to retirement. We know we have to spend less, but we do not want to feel deprived. So, our retirement identity is a successful person who creatively manages their money and lifestyle to adapt to the ever changing economic conditions of our time.

Money Saving Techniques:

1. Maximize your contributions to your pretax retirement plan

2. Set up additional automatic contribution to an after-tax retirement plan

3. Contribute as much as possible in the above plans

4. Use cash instead of plastic cards for daily purchases

5. Learn to economize and view yourself as someone who successfully adapts to the ever changing economic conditions

6. Increase you financial education with classes and investment clubs

1. Chatterjee, P., Rose, RL (Vol. 38; 2012) "Do payment mechanisms change the way consumers perceive products"; ideas.repec.org; Retrieved on 2-5-2014 from: ideas.reped.org/a/ucp/jconrs/doi10.1086-661730.HTML














Friday, December 7, 2018

What Business to Buy

There's a twofold answer to the question 'What Business to Buy' simply because in its' core it involves two aspects: You and The Business.

At first it is all about Your Skills, Knowledge, Experience and Interests. When looking for Opportunities in Business You are a fundamental part of the Process. Make list to narrow down personal interests, traits and characteristics and look for a Business that suits these exercises. Most of the time when entrepreneurs buy businesses that do not match their Temperament, they end up unsuccessful, unhappy and selling the Business.

Ask yourself the following questions to get Your Ideas for Businesses:

  • What are my 5 Strongest Personality Traits? You can also opt to ask your friends and family to send you lists with their observations (can be very revealing).
  • What are my 5 Strongest Skills when it comes to doing my current or previous jobs?
  • What Role do I want to Play in the Business?
  • What Destination and Location do I want my Business to have or can it be a Business without a fixed Location (such as internet based).
  • Do I prefer a large-scale business with many contacts and customers or do I prefer to focus on a niche market, dealing with a smaller number of contacts and clients?
  • Do I want a Product Supply Type of Business or a Service oriented business?
  • What is my Business Investment Budget?

When going over all the answers to these questions, you will have a Clear Picture What Type of Business you want to Buy.

Find a Business to Buy

After having identified What Type of Business you want to Buy it is time to Find a Business to Buy. You will want to opt for a Business that offers Value for Money. Its Valuations have to be backed up by Reliable and Detailed Financial Data.

Some Investors are Buying Businesses because they are Cheap compared to their core Value. They believe that as long as the market undervalues ​​the business relative to the core value, they are making a Solid Investment. This way of Investing fully depends on the reasoning that the market will eventually realize it has undervalued the Business and will correct its Course.

Below some questions you can ask yourself when determining What Business to Buy:

  • Does the Business Match my Personal Characteristics and Expectations?
  • Is there a Solid Business Plan available?
  • What are the Top-5 Competitors of the Business?
  • Do I have access to all Detailed Financial Data?
  • What is the Trend in Profits over the last 5 years?
  • Does the business show healthy and consistent cost margins?
  • What is the expected Return on Investment?

How much you will always profit from your Business depends on the level of Original Investment and Your Management and Marketing Skills.














Sunday, December 2, 2018

Dangers Of Lacking Financial Education And Giving Value To Others

In this article, I am going to talk about the dangers of lacking financial and values education which are just as important as our school education which mainly and still focuses on theory and academic score having read and understood the books by Robert Kiyosaki like Rich Dad Poor Dad as well as watching all videos of Eben Pagan on what it takes to succeed in business, relationships, wealth and improving all areas of life as his subscriber and customer which are in contrary to what we have been taught and conditioned to think and do by our parents, grandparents and teachers.

Truth being said, most of us only think of making money for ourselves, families and loved ones if we are married and have kids without understanding that in order to make money, we need to give and deliver value to others which is just as important. That also ties in with what Zig Ziglar said that you can have everything you want in life if you give enough people what they want in life. The only knowledge we have is that we have to study hard to get good grades and qualification so that we can get great jobs with high pay in order to have our homes, marry, retire, and live happily ever after. While our parents - especially those from low and middle-income families - told us this out of concern, this sort of mentality is sadly outdated in the current 21st century. And even more so with digital technology looking to shape and change the way we live, study and work.

A rich parent - for instance the current US President Trump - will never tell his children that. Sure at first glance, they will tell their children to respect others in public and tell them off if they are disobedient and do not behave. But behind closed doors of their homes only known to family members and maid serving them, they will share with them other things that poor and average parents will never share with their kids.

Which is while making and saving money are important, delivering value and smart investing to maximize it are just as important.

According to Eben Pagan in his YouTube videos, he said after years of studying about business and wealth, he learnt two critical things. One is that people do not like to give away their hard-earned money without getting any value in return. When I say value, I am not talking about anything that sales and marketing people offered them. But what people really need and want for themselves and loved ones. Second is that money has a hole in its bucket and unless you know how to earn, you will lose every dollar you spent never mind on what things.

Here is another truth of life which I discovered after my very own study and research on other articles and blog posts besides reading and watching videos by those gurus. That is money is never given or distributed evenly all the time. It is only for those who delivered the most value as in helping and making a difference to others' lives as well as those that others feel closest to. Even if it is otherwise, most people will squander on things they like short-term but are not essential long-term. Especially luxury items such as cars, condos, gadgets and jewellery to name a few. And when they spend all their hard-earned money with little or no savings, they will usually resort to those things.

1. Taking on 1 to 2 part-time jobs on top of their main one just to be able to cope with the daily expenses and support their family.

2. Borrowing from families and friends,

3. Asking for loans from creditors, loan sharks and banks,

4. Applying for credit cards,

5. Gambling in casinos, lottery and sports betting

While there is nothing wrong with the first though it might put additional stress on individuals' health and well-being, there is everything wrong with the other four which I myself was guilty of in the second and fourth.

Because every time you borrowed, you needed to pay back as we Asians have a very strong ethnic and principle on it. If they are not carefully abided by, tragedies may occur. Not just on individuals who cannot pay back and lose everything but their families as in their parents, parents-in-laws, spouse and children as well.

And the saddest truth is when the family is poor, the spouse have to work or take extra job as well to bear the costs and the children will have to give up their passion, interest and even studies just to work early to copy with the family burden costs.

For the rich, it is another story. Suppose if one or both your parents are running the company as bosses or CEOs, you will be required to help them out upon completing your studies.

Otherwise they will be judged as "selfish and unfilial who only think of themselves, inconsiderate and uncaring about their families' well-being."

That is if they want to pursue their ambitions, interests and passions they once have as children but are dismissed by most parents as naive child words, play and who are just asking them what they like to be when they grow up simply to make fun of them.

It may sound weird to you but that is the situation in my country Singapore.

Which explains why most people are conditioned to study hard, work hard, save hard and retire comfortably with just one working job income they see as honest earnings.

Any income incurred outside are dismissed by baby boomers in particular - as fraud from cheating other people of their hard-earned money which is partially true with some entrepreneurs but it is wrong to dismiss every business owner because of a few rotten eggs.

Given the fact that government supports them because they are our pioneers, very little room is given for youth development not just in terms of creativity and innovation but in terms of money and wealth management be it creation, multiplication and preservation.

The only things they know are saving, working and borrowing money as well as buying insurance policies from financial advisors who may or may not be acting in the interest of their clients.

Hence their ignorance, overspending and not earning enough leads them to be over-dependence on government to the extent of asking more and blaming the government when things are not going the way they expected and wanted. That will cause serious implications on our economy and society well-being in general be it relationships and the daily essentials of life we, our families and future generations need.

I don't mean to sound arrogant but if I am in the shoes of Minister for Education, I will make financial education compulsory as one of the main subjects. Especially when it comes to generating, growing and saving money while still acting in the interest of others as in giving value.

Which most people need to know but in actual truth, they don't which is absolutely critical.

Except for a selected few.

Like Warren Buffet, Donald Trump, Robert Kiyosaki and Eben Pagan I earlier mentioned.














Saturday, December 1, 2018

Global Business? Speak the Language and Content of Your Client

According to many sociologists, in the last decades we have been experiencing a "sea change" in several fields of humanity, from technology, science, economy to politics. This huge shift they talk about is called "Globalization" and it has seriously affected our lifestyle, our habits, the entire social structure and hence the way we deal with the contemporary world.

As a matter of fact, our world seems to have been experiencing a sort of time-space compression since 1972, as a famous anthropologist and geographer, namely David Harvey, affirmed in his famous book The condition of Postmodernity: An inquiry into the Origins of Cultural Change (HARVEY, David, The condition of Postmodernity: An inquiry into the Origins of Cultural Change, Blackwell, 1992). Think out to the rapid flow of information triggered by the ICT revolution that nowdays enables us to send a message to the other side of the world in real time through "a click on the palm of our hand". Think out to the increased flexibility of the means of transports thanks to the technological advances that enable us to move through the world in a matter of hours. All these improvements have made the world get smaller and smaller in a metaphorical sense so that today in the business field organizations are no longer bounded by their geographical location.

All of a sudden, their markets have no limits at all and they can start looking at new opportunities overseas where they could not even imagine going only some years ago. In other words, what happens is that they become global and, as they achieve this new status, their new customer targets are no longer exclusively composed of local clients. New global segments emerge that share more or less the same lifestyle thanks to globalization. For instance, the Chinese women of the emerging middle-class act like and identify themselves with the American women.

Companies willing to internationalize have a desperate need to start off from internationalizing their communication ... but, would not it be enough to use English for their foreign communication ?? Perhaps, the jury is still out on this issue but No ! We definitely think No and we are going to show you why below.

Multilingual communication: fundamental for going global in business

In today's global economy multilingual communication is an essential tool to succeed in business because:

  • Buyers in every country are increasingly demanding products or services described in their own language
  • companies that realize the point above too late inevitably lose market shares and 33% reduction in long-term profitability of the product life cycle on average, according to McKinsey & Co
  • companies' global brands decline in value if they speak a non-local language
Unfortunately, it seems that many organizations are failing to address their efforts towards localization and translations along with creating relevant and valuable multilingual digital content. If they do it, most of the time is just an accidental process without yet a carefully considered plan nor relying on a well-conceivable strategy behind it.

Redefining the value of content management: towards multilingual global content management

The user, potentially interested in a product or service just just Googles it on the Internet and guess what? Among the Google's list of results, he picks out and clicks only on those delivered in his own language. This action will be repeated in any touch point of its online journey before ending up purchasing the searched product or service.

Therefore, what a business would better do is to start redefining the value of its content management and upgrade it to a multilingual global content management. The later drives the global customer experience, increases the customer satisfaction, promotes the brand awareness, its consistency and supports the time to market goals. Moreover, since the content is a significant corporate asset, it must be managed as any other corporate asset, since it is imperative to turn it into a multilingual one and working relentlessly on its translation to the client / user's idiom.

As the former German Chancellor Willy Brandt once said:

If I'm selling to you, I speak your language. If I'm buying, dann müssen Sie Deutsch sprechen.

(Then we must speak German)

Although one might be induced to think that simply embedding a Google Translator plugin into his business website would do the trick, it would soon find out how short sighted this choice is. Not only would translations turn out to be of poor quality but this would also heavily affect the reputation of its business and brand.

Furthermore, a global economy is more and more requiring not only a multilingual content but also a content which is appropriate to the targeted population. In other words, a business must meet the expectations in terms of localization and translation processes of a targeted country, otherwise even a perfectly translated message may sound weird for a native speaker.

For instance, a Spanish firm could use in its website an expression such as

llevar el gato al agua - to take the cat to the water

to highlight that they have fulfilled a very complex task in a particular job, a feat.

Clearly, the English translation does not convey the same meaning of the original Spanish one and a web user would feel puzzled when reading this expression. As a consequence, that business would not be perceived as professional and its reputation would soon break down into pieces. It goes without saying that the user / potential customer would dash off to another business website and, sometimes, buy a product or service from the competitor.














Tuesday, November 27, 2018

Developing Your Financial Life And Understanding Of Money For The Long Haul

It's no secret that when you're financial life is going well life just feels right.

This can happen in fleeting moments where you know the bills are paid and you have a nice sum left over for whatever you want - it's a pretty good feeling to have.

But is that feeling consistent?

For most people it is not consistent at all, and there are too many times where the feeling of lack takes over - and that can be a nasty moment where you feel like your money just isn't going very far.

It's not a good feeling, and we tend to feel as if all of our money is going toward all the stuff we need to buy rather than what we want to buy.

It's literally a feeling that we never want to have, but can be a key sign of where we are with our finances.

It's not that we don't have enough money - it's that we don't feel like we have much money, and that's totally different.

This is sort of like understanding that your car is perfectly fine - runs well and doesn't give you problems - but you have a small but weird feeling as if it might break down soon.

Does that feeling really help you out at all - or does it just give you needless worry when you have a perfectly fine running car.

That's the different between feeling prosperous and abundance versus feeling poor and impoverished.

These are literally just feelings - and you can shift how you feel about your finances in an instant which might help to reveal a few truths about your situation.

Am I saying that poverty and abundance are just feelings?

Not quite - but the reality of having money versus not having anything start with emotions and having the belief.

That means that shifting the way you think is a very good thing, and actually way to propel you out of that feeling of lack and into the feeling of abundance that you know you've had before, but you would like to feel far more consistently.

This is not about making you just delude yourself into the fantasy of just thinking you are prosperous when you aren't - nope, we're not going that direction.

We are taking your old beliefs and shifting them so that you aren't so accustomed to thinking in terms of lack and having no money.

Sometimes we pick up negative money beliefs from people and others around us, and they don't enable us to have positive money habits long term - and that is a problem.

Other times it can be very frustrating to know that we picked up those negative money habits - believed them to be from us - and acted upon them thinking that we had to live forever like that.

It's sort of like thinking that you only work to pay the bills - which is a horrid way to think about life.

You can shift all of that through adopting positive money beliefs over time which will shift your financial outlook and your money understanding in general.

We are moving away from thinking foolishly about our money - having so much unnecessary spending - and pulling ourselves toward wiser spending habits that enable us to keep more of what we spend and dissolving all tendencies to spend our money on things we don't need.

This isn't a small thing either - so don't think this will happen over night.

Embracing stronger financial habits long term is about consistent behaviors we do over time - the small stuff we do on a daily basis that prevents us from spending our cash on the unneeded crap which ends up eating up all of our money.

Once you eliminate those horrid spending habits, that actually gives you a stronger budget and that is literally one full step closer to have stronger finances in general.

Most people don't really think like that, and it's that oblivious thinking that brings them less and less cash in hand after bills are paid each week - and that's not a good way to live, or a good way to manage your money.

One of the worst cases is to not have a budget at all - and that just leads to major unmanaged spending that doesn't allow you to have much if any extra cash at all.

If you don't know what your budget is, it is very likely that your spending will be out of control and your bills feels like they're your primary expense.

Though bills might be a necessary thing, they don't have to feel like a chore and something that you have to begrudgingly hand over on a routine basis.

When you feel and know you have abundance with your money situation the bills are just a necessary thing that you do that allows you to live, have shelter, and use your basic necessities at home and otherwise.

If you didn't have those things, life would be a lot worse off - and if there are some things in your bills you just don't need, you need to cut those things out of your life.

This is still part of the unnecessary spending part, and it even affects our bills and the stuff we pay routinely for but don't remotely use.

Removing all of that from your budget literally means that you are spending more efficiently and moving yourself away from poor financial management and understanding your money situation a whole lot better.

Just as it was stated earlier - the smaller steps add up to larger changes over time, and as you shift your money habits and adopt stronger budgeting going forward you will literally keep more of your money and spend far less on the stuff you never needed.

We're not talking about difficult or outrageously complex changes here - just small stuff that you can do on a daily basis that allows you to be far better with your money long term while embracing stronger finances through better money management habits.