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Boost Your Retirement Savings for 2022

Retirement Savings

If you want to boost your contributions, the time is just now. And if you have the minimum or charitable distributions that you have to make, the deadline is also coming up. How much money do you need to get retired? If you are on the majority side, you also don’t know the answer, just like the rest.

But the experts are using a quick rule of thumb to measure how much you can spend. They also suggest that a safe withdrawal amount every year is 4% of your savings, meaning you will require around 25 times of your annual spending when you are hitting the retirement age. 

These are some steps you can use for your retirement income planning.

1. If you are still working, you need to start saving for your retirement

Of all of the tasks linked to financial security, one of the highly important things is to save more when earnings stop coming in.

Using the tax-favoured retirement accounts is an ideal choice, and you need to have more time than you may think on bumping up the 2021 contributions. 

2. Go automatic

If you have the 401(k) account available on your work and not contributing, tell your HR department that you would like to start reducing or deducting contributions from every paycheck. Already in a plan? Increase the annual deduction one other percentage point or the two.

You can go through the bank or the brokerage for more savings to make a single automatic monthly contribution to the IRA, an emergency saving fund. 

3. Reassess your budget

One other golden rule of having financial security is ensuring that your monthly spending is lesser than the monthly income. Your needs might be way more different than they used to be before the pandemic. So you should take an hour or two to review your outlays.

You can make a shortlist of all regular bills such as rent, mortgage, cellphone, insurance, and utilities. You can look at the few recent monthly credit cards and bank statements to help see what you are spending on health care, food, and the other expenses in life which are hard to keep track of. 

4. Make a home movie

Just in case we face another year of natural disasters, the inventory your review, and your possessions or renters insurance. Use the smartphone to take the video of everything that is your home. Open your drawers and closets and make sure that it is all there so that you are not trying to guess. 

5. Consolidate and simplify

You may have collected many kinds of retirement accounts from your former employers in the years. Track down the accounts and weigh the advantages of consolidating them into a single account, an IRA, or, if you are working, possibly the current 401 (K).

This makes it much easier to track the needed minimum distributions. You may also save money by moving out of the high fee investments in a single account into the low fee funds.

3 Ways to Set Your CBD Business Apart from the Rest

CBD Business

Though CBD was only legalized for sale in the United States a few short years ago, the industry has already started to bring in billions in profits annually. Given that success, it’s no surprise that many people are interested in investing or opening their own cannabis business. As the industry grows more competitive, it’s important that you know how to make your brand stand out and attract customers. Fortunately, there are a number of innovative strategies cannabis business owners can try to grow their visibility and their profit margins. If you own a cannabis business or are thinking about starting one, read on for three great ways you can set your company apart from the rest.

1. Offer a diverse and unique product line

The best thing you can do is spend time researching the industry. Learn about what products are on the market, what innovations are coming down the pike, and which items are the most profitable and popular with consumers. Bloom&Oil.com is one of the best resources on the web for everything from news to growing guides to product reviews. If you want to get a sense of the industry landscape, Bloom & Oil is a must-visit.

2. Use quality, eco-friendly packaging

Sustainability has become a major consideration for buyers when choosing which companies to purchase products from. Cannabis businesses have a number of ways they can go green, including using eco-friendly packaging. Since you’re likely to be selling some type of CBD oil, you’ll also need a cartridge filler to prepare your products for packaging. Some companies can handle all your packaging needs, from fillers to rolling tubes and other containers, which can help save you money and simplify the process.

3. Improve your visibility with creative marketing

Blogs and social media are often two of the best tools any CBD business has to promote itself. Put together a simple package with some samples of your products and information about your brand, then offer them to cannabis influencers and well-known CBD blogs in exchange for promotion or a review. There are some websites that still don’t allow paid advertisements from cannabis companies, so you may need to be creative when it comes to developing your advertising strategy. If you don’t own your own storefront, make sure you look into partnerships with popular local businesses so you can get your product on their shelves. Once you have loyal customers and an audience, you can look for ways to expand.

You should also use your website and social media accounts to educate customers about CBD. Though CBD has become incredibly popular, many people still don’t know what it is. You can also share exciting new developments in the industry. For example, the FDA approved its first prescription drug containing cannabidiol in 2018. The drug, Epidiolex, was designed to treat seizures caused by two rare forms of epilepsy.

There’s still a lot we have to learn about CBD, and the industry seems likely to continue its growth for the foreseeable future. Those in the cannabis business have an opportunity to capitalize on the interest in CBD, and should take advantage of it to the fullest. You should also keep in mind that it’s important to tell your customers that it’s always a good idea to check with their doctors before they start using cannabis products. Their health care providers can tell them more about how CBD may impact any medical conditions they have or interact with the medications they are prescribed. A doctor may also be able to tell you more about CBD’s uses and proper dosing. Manufacturing high-quality products and communicating honestly with your customers will help you earn customer loyalty.

5 Best Website Builder for Musicians in 2021

musician website

Music is meant to be shared. An artist or band can build a website using one of the best web builders for musicians. Sites can be used to promote your music, offer a platform for sharing it and provide updates to fans.

We will help you make an informed decision about the best website builder to use for musicians. It reviews five of the most popular providers and examines their top features, ease-of-use, and costs.

What We Look For in The Best Website Builders for musicians?

It is crucial to have a high-quality website builder. Consider all the options available for free tools. Make sure you choose the one that offers the best template designs, structural control, and user-friendly interface. Take a look at all the available templates. While many templates come with a wide range of designs, some are out-of-date. Websites must look modern and professional if you want to succeed on the internet. Consider how much structural control the website editor permits. This is your website. You should be able ensure it follows the preferred layout and map. It is crucial that the interface be easy to use and intuitive. It is useless if it is difficult to use and confusing. No matter if you’re a professional website designer or just starting your first website, make sure it’s as easy to use as possible.

Key Features 

Here is a list of pages and items you should include on your website.

1. Contact information

Although this may seem obvious, you want people to be in touch with you. You want them to have an email address, or some other contact form. You should check your email frequently and respond to all those who reach out to you. People can communicate via digital channels because they are easy to use and respond quickly.

2. Social media links

Your website visitors should be able to choose how they wish to stay informed about your band’s latest news. You should give them the ability to search for you on the internet so that they can keep track of you wherever and whenever they like.

3. Listen…and Buy!

This is often the reason someone visits your website. You can make it easy for people to search your mp3s or to purchase your songs, regardless of whether they have heard your music before.

4. Gigs

Fans are excited to see you live. It should be easy for your fans to find out when and where you are playing. Give as much information as possible. Provide as much information as possible about the venue, including addresses, start times, ticket fees, or door charges, as well any other details.

5. A well-written biography

Tell us a bit about yourself. A venue might want to inform people about what to expect from your show. They will often borrow the information you have written. Your story should go beyond the usual elements of a biography. If you are a band, tell how you met and what your influences were. If possible, add something personal about each member. Share your story if you are a solo artist.

6. Blog or video blog

Post often. Have you had a great time at your last show? Let us know! Have you seen one of your bandmates do something funny? It’s worth writing about. Do you feel super grateful to every fan that you have? Tell them. Do you have a last-minute show? Spread the word.

Your fans want to hear from and feel connected with you. Blogs and video blogs are the easiest way to stay in touch. You can also encourage people to visit your site often.

7. Newsletter sign up

We have already discussed the reasons why you need a newsletter. It’s a simple matter of using your website as a collection point. Your email list will remain the same regardless of what social media platforms you use. Your email list can be used to promote gigs and merchandise, as well as events and other information that you wish to share with your followers.

8. Photos

Your website will benefit greatly from high-resolution photographs. Your website has been well-designed and polished. Now you want your photos to reflect that. Although you don’t necessarily need to hire a professional photographer, ensure that your images are high enough in resolution to fit the intended space.

9. You may also find links to press releases or promotions.

Was your local newspaper writing about you? A fan or venue posted a review about one of your shows. You can link to these articles for people to get an outside view of your music.

10. Tracking visitors is possible

This can get very complicated, but even basic features like Jetpack for WordPress or Google Analytics can provide great insight. You can check your traffic and analyse it to determine how effective your social media promotion, new releases, or blog posts were. You can tailor your strategy based on what is driving traffic to your website when you find something that works.

How to find the best website builder that suits musicians

Your needs and preferences will determine which website builder is best for you.

If you are a new band that is just starting to get to grips online promotion and still need to build an audience to justify selling merchandise, the starter Wix plan might be the right choice. It integrates seamlessly with music players such as Soundcloud and Spotify. The Lite package from Bandzoogle may also be a good option.

MusicGlue’s commerce tools can be used to increase sales and promotion to an already engaged audience. You don’t have to pay anything for your website to be built, so you can get familiar with it before you decide if you want to go ahead.

Remember that the platform will claim a portion of any sales once you start selling. The key to making an educated decision is to consider your priorities and budget.

You might be an audiophile, and you should check out our guide to the best noise cancelling headphones and outdoor speakers before making your next purchase.

We suggest these five website builders for musicians in 2021 you might find useful:

1. Monster Reach

Monster Reach brings together world-class eCommerce and internet marketing technologies, making them accessible to all businesses. Our platform empowers all businesses, whether they are sole traders, start-ups or franchises, to achieve their goals without compromise. Businesses can easily create professional websites, apps and eCommerce stores that generate leads and increase their revenue through advanced analytics and marketing integrations. We are dedicated to our customers and never stop learning.

Monsterreach offers three plans as a primary plan:

STARTER (FREE).

Maximum 5 Products

One page

Perfect for small businesses

Start online.

GROWTH ($14.95 per month)

You can get up to 100 products

Unlimited pages

Advanced ecommerce

Growing businesses

UNLIMITED ($99.95 per month)

Unlimitted products

Unlimited pages

Enterprise grade features.

All you could ever need.

2. Wix

Wix is a popular website builder for musicians. Its drag-and-drop editor and extensive app library are both great tools for beginners looking to create a professional-looking website.

Musician Website Builder Features: Wix

Wix Music Tool: Upload your music, and get paid for it.

Wix Music Analytics: Get stats about your top songs, top downloads and highest-generating tracks

Wix ShoutOut: Effective email marketing

The Combo plan costs $14 per month and provides 2GB bandwidth and 3GB storage space. For unlimited bandwidth and up to 10GB storage, you will need to upgrade to Unlimited plan at $18 per month. The Pro plan is $23 per month and includes storage of 20GB. VIP options are $39 per month and provide priority support and 35GB storage.

3. Squarespace

Squarespace, like Wix is more generalist and can be used by all kinds of creatives and businesses. It offers a wide range of music-related themes, features and templates. It has templates for musicians and bands, including producer and singer-songwriter. However, it is not as extensive as Bandzoogle or Wix.

Its lack of bandwidth and storage restrictions is what makes it stand out from its competitors as the best website builder to musicians. It doesn’t matter if you have the lowest or highest subscription, you can upload any music, images, or video that you want without worrying about site performance or speed.

All plans include a custom domain, SSL security and SEO features. However, you will need to pay $18 per month for the Business plan (when paid annually), in order to access the premium website-building blocks, features, marketing analytics and basic ecommerce functions.

If you plan on selling tickets or merchandise at a high level, the commission-free Commerce plans are a good choice. Basic Commerce plans are available at $26 per month. Advance Commerce options cost $40 per month.

4. MusicGlue

MusicGlue, like Bandzoogle has a strong claim that it is the best website builder to musicians. This is due to the fact that MusicGlue’s team are music lovers first and foremost, as well as industry experts.

MusicGlue, unlike Bandzoogle is a commerce tool that targets musicians and bands with a product to sell and an audience to target. As its existing roster of clients demonstrate–including Metallica, Pearl Jam, Red Hot Chili Peppers, and The Kinks–MusicGlue offers a service tried and tested by some of the best in the business.

Users get advanced features that can be tailored to ticketing, merchandise sales and fan club rewards. The platform is available in 26 languages and offers tools to track data and provide detailed insight into conversions.

Although the site-building options and templates may not be as varied as some of the others, you won’t be charged any extra for creating your site. The Lite package is targeted at artists and bands. It costs $7 per month (MusicGlue charges PS4.99 per month). This subscription begins once you begin selling products.

MusicGlue will charge a 2% Commission on all sales made through its platform. A Premium package is available for managers, promoters and record labels. It offers custom pricing.

4. Difyd2c

This innovative platform, formerly known as Difymusic (short form Do It For Your Music), claims to be France’s most trusted direct-to-consumer distributor and ecommerce solution in the creative industries.

Difyd2c is now known to reflect the broader scope of its music-focused roots. Its services include an all-encompassing agency/logistics service with clients like Universal Music, Deezer and Facebook.

The platform’s ready-to-use ecommerce platform allows you to launch an official store within minutes. There is no need for any development. Additionally, the Difyb2c team offers assistance in designing, creating and shipping merchandise. You can also use the ticketing system to handle customer inquiries and support, and detailed reporting will include sales and inventory management.

The DIY plan requires a registration fee of EUR9.99 (around 12), and is charged on your first sale. Difyd2c only earns a 5% commission for all sales after this fee. The mid-tier option allows Difyd2c to use its in-house logistics team and management team. It charges 20% commission and EUR1 (around $1.20 per product) for each shipment.

Takeaway

Websites that are socially integrated, have music-specific templates and ecommerce features are essential for musicians and bands. We narrowed the choices to five websites that best suit most musicians’ needs.

Monsterreach, Wix, Squarespace and Music Glue all offer ecommerce options that will allow you to sell your music or merchandise. These websites are easy to create and can be used quickly to get back to your music. They all offer great social features that will allow you to engage with your fans.

Source: https://reach.reviews/

6 Things You Need to Remember When Betting on Sports

Sports Betting

It’s hard to analyze the appeal of sports betting. After all, you’re attempting to figure out if your choice will defeat all of the other competitors. Given the element of randomness inherent in even the most secure of bets, such activity will naturally be a surprise to risk-takers, pushing their adrenaline levels over the roof in expectation of the outcome. You may also seek assistance from professionals such as tiptitans.com, which can provide you with the most up-to-date sports information each week, allowing you to win and improve your betting experience.

Betting on sports, however, is not as simple as making a choice and hoping for the best. So, before you start searching for the best football betting apps guide or your local bookie, take a step back and think it through. There are several things one should never forget before placing a bet, including understanding the rules of the sport you bet on, knowing your limits, never placing a wager while drunk, comparing the past odds, and never increasing the complexity of a bet without good reason. Read on and learn how to bet on sports!

Understand the Rules of the Sport You’re Betting On

It may sound a little too obvious to be stated outright, but it is vital to understand the rules of a sport before you start betting. This is particularly important in leagues about which you do not have outstanding prior knowledge. While some might have a general idea about how the game is played, others are more likely to get confused by all the fast-paced action and take the wrong team because they misunderstood their role.

It is even more crucial to understand more complex events, such as the World Cup, whose rules vary from one team to another because of their playing styles. However, even if you only intend to bet on a single match, it is still necessary that you have a clear grasp of the rules of the sport, including the various penalties, fouls, and so forth. Not only will this help you determine if the other team committed a foul or not, but it will also save you embarrassment when your lack of knowledge gets you into a bad situation where you win or lose based on technicalities.

Know Your Limits!

As mentioned before, betting on sports can be quite addictive if you’re not careful. Having lost a bet or two can be enough to convince you to invest more and more money in an attempt to turn around your losses. Unfortunately, this practice can quickly lead you into making investments you cannot afford, given that certain bets are bound to lose more than they do gain. As such, you need to know your limits and set a budget.

It is good to note that most bookmakers only accept bets that fall within a specific range, say $10 to $2000. If your bets seem to be at odds with the bookmaker’s parameters, you’re bound to lose your deposit and not get any of your money back. Furthermore, with each subsequent loss, your credibility is likely to drop, which can easily lead to your bank accounts being limited in order to prevent further losses.

Don’t Make a Bet While Under the Influence

Betting on sports is one activity you should never indulge in while drunk. Not only will your alcohol levels affect your judgment and decision-making skills, but they will also impair your motor functions and make it harder for you to keep track of the score and understand what is happening in the field. 

Compare Past Odds

Before making a bet on any sporting activity, it is always a good idea to compare past odds with the current ones. Do keep in mind that bookmakers adjust their odds depending on how popular a certain team is getting among gamblers and how well they’ve been performing recently. 

For example, if a team has been winning all their recent matches and has plenty of chances of winning again this week, then their odds are likely to go up as compared to their previous matches. On the other hand, if they have been losing almost every single match they’ve taken part in lately, then their odds are bound to plummet. Keep all this in mind when placing a bet!

Never Increase Complexity of Your Bets Without Good Reason

The best way to lose your money is by attempting to make a complex bet without understanding its nature and without having any prior experience with it. There’s next to no point trying to place a wager detailing every minute of the match, as chances of winning are astronomically small. Even trying to predict the names of best-performing players in a match is incredibly risky.

For your own safety, try to stick to low-risk bets that only consider the name of the winning team or contestant. The money you’ll get from such a wager might be much smaller, but the chances to win rise considerably.

Take Into Account Important Variables Such as Injuries or Disqualifications

Finally, never forget to take into account any important variables that might affect the outcome of the sporting activity, including player injuries and disqualifications. While such things are generally known before a match is held, they can easily change the outcome of events to something you didn’t expect, so always be prepared for the worst-case scenario.

Conclusion

As you can see, there are quite a few things to remember when betting on sports. While it may be tempting to forget a few of these rules and simply stick with the most common bets or follow your instincts, it is necessary that you follow them all in order to increase your chances of winning and keep your bank account safe. After all, the more you know, the better you’ll be able to predict the outcome of an event and maximize your chances of winning. Have fun, and may Lady Luck be with you!

How Cryptocurrencies Are Changing the Betting Industry

Bitcoin and Dollars

The betting and gaming industry is usually one of the first to adopt new technologies. It is, therefore, not surprising that it is one of the industries that has fully embraced blockchain technologies and cryptocurrencies. Although cryptocurrencies are relatively new, the betting and gaming industry was quick to adopt them once they saw how beneficial they could be to them. Now, cryptocurrencies are accepted in numerous casinos and this number continues to rise. The introduction and use of cryptocurrencies at betting sites and online casinos has caused some changes to the industry. It is these changes that we will be discussing below.

Lower Fees and Charges

In the past, the primary way of depositing and withdrawing funds from a casino or betting site account was using credit or debit cards and direct bank transfers. Because third-party partners handled these transactions, they incurred some charges. These charges could be quite expensive depending on how much a player was depositing or withdrawing, and the payment options they were using to do so.

Cryptocurrencies do not come with the same fees attached to them and even when they do, they are significantly lower than those charged by third-party financial institutions. Depositing funds becomes easier for players and sending money to players when they request a withdrawal in cryptocurrencies becomes cheaper for casinos too.

Play Anywhere

A major problem with using traditional payment methods is restricting where players come from. If you want to bet with an offshore sportsbook or play at an offshore casino, you might find they do not accept players from your country. This also affects your ability to deposit and withdraw funds from an offshore casino because they operate outside the payment processor’s jurisdiction.

Cryptocurrencies are anonymous, so there is no way of knowing where the funds come from or are going to. This makes it easy for the best bitcoin betting sites to accept players from all over the world. To further incentivize players, they will often offer bonuses and rewards for signing up. These bonuses and rewards can vary from site to site. Ensure you do some research to find out the bonuses and rewards offered by the best bitcoin sports betting sites to see how you can benefit the most.

Increased Privacy and Anonymity

There are a lot of people who want to keep their personal information and betting habits private. This is not possible with traditional casinos which require that you provide a lot of personal and banking information before you can start betting or playing a game. Many people are concerned about how and where their personal data is stored and what is done with it.

Cryptocurrencies provide the anonymity you cannot get with traditional payment options. For most betting sites and casinos, all you need to provide is your wallet address and some login details. The additional benefit of using cryptocurrencies is that your personal and banking information will not land in the wrong hands in the event of a data breach.

Faster Processing Times

It is not unusual to wait up to three days for a credit or debit card deposit to go through. Direct bank transfers can take as many as 21 days to reflect in your casino wallet. Things can get a lot worse if you are trying to withdraw a large sum, which can take as many as 30 days to process.

Cryptocurrencies transactions are incredibly fast. Depending on the cryptocurrency in question, transactions can take as little as a minute and as long as a couple of hours to process. This is much better than the days and weeks other payment options take.

Smoother Player Experiences

Apart from faster processing times and low to no transaction fees, the use of cryptocurrencies has eliminated minimum deposit amounts, transaction limits and withdrawal minimums. Many of these restrictions were put in place because of the terms set by financial institutions. Some were in place to protect betting sites from massive transaction fees associated with smaller, more frequent withdrawals requests.

Cryptocurrencies do not present any of these challenges. With no limits and fewer terms, betting has become more attractive for those holding some crypto in their wallets.

Also, opening an account with crypto betting sites has become more popular. People were wary of giving out their personal details just for the registration process in the past. Now that betting sites are no longer asking for personal information, many more people have become more open to opening a betting account. The process is fast and easy, without lengthy registration processes.

Although the popularity of cryptocurrencies continues to rise, there is still a small number of people using digital currencies at betting sites. However, as more people understand the benefits of doing so, we should see more people switch to using crypto on betting sites. It is also encouraging to see more betting sites accept crypto, and we can all be excited to see where all this goes.

4 Things You Should Know About Online Casino Games

online casino games (1)

Playing casino games has never been easier. All you need is your computer and an internet connection, and you can take advantage of all the fun that online casinos have to offer. Several different casino games are available for players to enjoy, including poker, blackjack, slots, roulette, and more. This blog post will discuss four things that every player should know about playing casino games online.

• Choose the Best Bonuses

When you first sign up for a new online casino, it is crucial to take the time to read through their welcome bonus offers. There are often many different bonuses available at any time, and choosing which one works best for your specific needs can be tricky without doing research first. You need to first check on the promo codes, which change regularly. You will also need to check each casino website’s different terms and conditions. 

For instance, some bonuses do not allow players from certain countries to participate, while others have a maximum amount that you can claim during one deposit period.

If your goal is to try out as many online casinos as possible so you can test drive their games before settling on one, then a no-deposit bonus might be the best option for you. This type of bonus allows you to play casino games without risking your own money, and it is a great way to get started.

If you are looking to play casino games online, then choosing which bonus offer works best for your needs is really up to you. However, regardless of what type of promotion you choose, it will be well worth your time to take advantage of these offers as they can help improve your overall experience and allow you to have a lot more

• Understand the Risks

While playing casino games online can be a lot of fun, keep in mind that some risk is always involved. You could potentially lose all of your money if you are not careful. That is why it is important to only play with funds you can afford to lose and set yourself reasonable limits. If you find yourself losing too much money, it is best to stop playing and take a break.

There is also the risk of becoming addicted to casino games. If you cannot stop playing, even when you know that you are losing money, it is vital to seek help immediately. There are many organizations available that can assist with gambling addiction.

Make sure you understand the risks before starting to play casino games online. Playing casino games is great, but knowing what could happen when playing with real money is essential. Always be aware of your bankroll and take a break if necessary! Make sure that you have read through all terms & conditions carefully before going ahead with any bonus offers.

• Learn How to Play

When you first start playing casino games online, you should learn how each game works before spending real money. You can do this by trying out the free versions of your favorite games at reputable casinos. By doing so, you will better understand what strategies work and which ones don’t and have a much more enjoyable experience once you begin playing for real.

Playing casino games online is a fun and exciting way to spend your free time, but it can also be risky if not approached with caution. Players must do their research before signing up at any given site to make informed decisions about which bonuses will work best for them and which games they should try out first. With a little bit of knowledge, players can enjoy all those online casinos have to offer without putting their hard-earned money at risk.

• Beware of Scams

beware of scams

While there are many reputable online casinos for players to choose from, you must do your research before signing up at any given site. The best way to determine whether or not a casino website is legitimate is by looking them up on independent rating sites such as CasinoRankings. 

It would be best to read through reviews written by other players who have tried the games out for themselves. This will help you to find a casino that suits your specific needs and has an excellent reputation within the industry.

By considering these four things, players should be able to play online casino games confidently, knowing they are doing so in a safe environment where their money is secure. As long as the research is done beforehand, players can have a fun and enjoyable experience playing their favorite games from the comfort of home.

What is Agile Transformation? What Can It Do For My Business?

Digital-Transformation

Businesses have changed a great deal in recent decades. New technology, evolving customer experiences, and changing work styles have all impacted project structures and success. Agility is about transforming to a new, more flexible, way of managing projects or product development.

Agile transformation can bring benefits with improved productivity, requirements satisfaction, communication, and employee engagement. It requires effort to succeed, though. Adopting a new way of working involves commitment from team members and an understanding of a new framework and terminology.

Moving to agile project management

Agile transformation is the process of moving teams, or a whole organization, to a new way of working that is more flexible and adaptable. Like all major business changes, this is not an instant switch. It requires vision, strong leadership, the right buy-in from all levels, and a workable roadmap to implement.

Full transformation is about more than just project management techniques. It requires changes to the way teams work, how work tasks are set up and managed, communication methods and frequency, and even the team’s physical locations and work environments. It affects all levels of the organization too. Project stakeholders’ involvement changes and the concept of handling changing requirements throughout a project can be different for everyone involved.

The use of an Agile framework

Successful agile project management usually involves implementing a specific framework. Scrum is the most popular framework, in use for over 25 years, across many industries. However, there are other frameworks that can work for certain types of projects or teams, such as Kanban.

Scrum introduces an iterative process. It has its origins in software development but is equally applicable to any large or complex project or product development process. Projects proceed through a series of iterations, known as Sprints. Each Sprint should produce a usable product or result. The team then carries out review and re-planning before beginning the next iteration.  

Training the teams

To understand Agility and embed a new way of working, agile training courses are essential. This can cover Agile methods and transformation in general or a specific framework such as Scrum. Having the whole team follow the same methods and use the same terminology is essential. It can also be beneficial for others who interact with teams to take some level of training.

Scrum defines several key roles, and specific training is available for these. To get the most out of these roles requires experience in handling different situations, which training simulates. Additional training for specific purposes, such as software development or managing larger multiple team projects, is also available.

The many benefits of Agility

Why should companies make an effort to shift to Agile methods? How can it change results achieved?

Many studies have looked at the overall results achieved by companies that have moved to agile methods. Research from consultancy McKinsey showed improvements in customer satisfaction of 10% to 30%, employee engagement of 20% to 30%, and company operational performance of 30% to 50%.

Another study from consultancy Gate One looked at it from the point of view of senior decision-makers within companies that had undergone an agile transformation. It found that 60% experienced a boost in operational efficiency, 54% saw faster product development, and 47% gained market share.

References

  • https://www.consultancy.uk/news/25733/why-organisational-agility-is-vital-for-business-success

Do You Own An Online Business? Here’s Some Financial Advice

ecommerce

Do you own an e-commerce business? If so, then congratulations! You are in charge of your own destiny. You can set your own hours and work from anywhere there’s wifi. But for every e-commerce entrepreneur who is living the dream, there are many more who struggle with finances. Here are some pieces of financial advice to help you get ahead by improving your bottom line without killing yourself or your business in the process. 

Using the Right E-commerce Platform

One of the biggest mistakes e-commerce owners make is using a blogging platform to host their e-commerce store. This leads to a lot of flaws, such as a lack of support for e-commerce features and a poor business analytics experience. The best platforms for e-commerce businesses are Shopify, WooCommerce, Magento, Big Commerce, Weebly eCommerce, and more.

But knowing how to use them is even harder. You can always turn to magento support services and ask for help. Depending on how big your business is, and what are your customers looking for you will want to tailor your e-commerce platform to reflect that. 

For example, Shopify is great for small businesses that are looking for an easy-to-use platform with a wide variety of templates and apps that can be integrated. With Shopify upsell up you can streamline your online store and boost sales. While Magento might be better for larger businesses that need more flexibility and want to tailor their eCommerce experience to their specific needs. If you’re using an online service like Ebay or Amazon to sell, you can use tools to easily calculate ebay fee and other important margin factors.

Hiring the Right Employees

No one can do it all, and this is especially true for e-commerce store owners. This is why it’s important to hire the right employees who can help take your business to the next level. When hiring employees, you’ll want to look for individuals with the following skillsets:

– Marketing: This person should know how to promote your e-commerce store through various channels, such as social media, content marketing, and search engine optimization.

– Operations: This person should be able to manage the day-to-day operations of your eCommerce business, such as order processing, shipping, and customer service.

– Financial: This person should be able to handle the financial aspects of your eCommerce business, such as bookkeeping, budgeting, and financial reporting.

Make sure you take the time to find the right employees who can help take your eCommerce business to the next level. 

Keeping Expenses Low

As an eCommerce store owner, you’ll want to keep your expenses as low as possible in order to turn a profit. This can be done by using the following tips:

– Use shopping cart software: Shopping cart software is a great way to reduce the cost of processing payments.

– Use Ecomcircle’s software for dropshipping service: Dropshipping services allow you to outsource the shipping process, which reduces the cost of shipping products.

– Use a merchant account: A merchant account allows you to process credit card payments, which reduces the cost of payment processing.

By using these tips, you can keep your expenses low and turn a profit. 

shopping-online

Boosting Sales with Marketing

Another way e-commerce store owners can boost their sales is through marketing. There are many ways e-commerce store owners can market their e-commerce store, including paying for ads, using social media, and creating content that tells the story of your business.

Listen to what your customers have to say. The best way eCommerce store owners can get great ideas on how to improve their e-commerce stores is by listening to feedback from their customers through surveys or social media. Doing this will help you learn what you could be doing better in order to keep more of your eCommerce business up and running.

One marketing tip is to create very clear and attractive ads. If you are selling clothes, for example, then the ad should show the clothes in a very crisp and clear manner. Have an attractive model wear it well, but don’t use overly sexual images or excessive wording. Just take a good picture and sell them on the product with nice bold phrases and some minimalist text at the bottom, such as:

– 50% off sale

– “Join our mailing list for free shipping!”

Accounting Is Key

Accounting is a vital part of the e-commerce business. You should always keep up with your finances and know where your e-commerce store is going, so here are some basic accounting tips e-commerce store owners need to take into account:

– Keep track of all income and expenses: There’s no way you’ll be able to track your eCommerce business without keeping a close eye on all incoming and outgoing funds.

Create a budget for the month: This will allow eCommerce business owners to reach their goals effectively while still allowing them to be flexible just in case something goes wrong.

By incorporating these accounting tips into their daily lives, eCommerce business owners can run their online business more efficiently while still making sure there is enough money to go around.

E-commerce business owners have a lot of work on their hands. In addition to managing the day-to-day operations of the business, they also have to worry about financial matters, such as bookkeeping, budgeting, and financial reporting. This can be a daunting task, but with the right advice, eCommerce business owners can turn a profit and take their business to the next level. 

Copy Successful Examples

When it comes to eCommerce, it’s important to learn from the successes of others. Take a look at which eCommerce stores are doing well and try to emulate their strategies. For example, if you’re selling clothes, take a look at how successful clothing eCommerce stores are advertising and selling their products. 

Another way to improve your eCommerce store is by looking at what’s selling well on other online stores. If you see a product that is selling well on another online store, then consider adding it to your inventory. This will help you boost your sales and increase profits.

ecommerce-online-sale

Online stores have a lot of trouble dealing with finances as they are usually working alone, so by using these pieces of financial advice e-commerce store owners can improve their business significantly and turn a profit.  If you own an e-commerce store or want to start one in the future; this article is for you! These tips on e-business finance should help get your business off the ground and running smoothly from day one.

An Overview of Stripe Payment Platform for Business Owners

stripe

Stripe is a payment service provider that accepts a range of payment methods, including credit cards and digital wallets. Every transaction is subject to charges.

If you wish to take online payments, Stripe is the finest option. However, with the addition of hardware, it may also be used for in-person payments.

Customers who pay for goods or services with cash or a cheque might have their money deposited into the company’s bank account. If customers wish to pay with a credit card, though, you’ll need a payment processor.

Stripe is a payment processor that enables company owners to accept and process credit and debit card payments. Mobile wallets and buy-now-pay-later services like Stripe are both options open to businesses. Stripe also accepts payments in several other currencies. Stripe Payments is the platform that handles transactions.

Stripe Terminal, a point-of-sale solution, is available if you wish to utilize Stripe for in-person payments. You won’t need it if all of your payments are made online.

Stripe provides a variety of extra services, including billing, invoicing, and sales tax automation, in addition to taking payments in person and online. An alternative you can check out is exactly.com.

How does stripe work?

Stripe Payments manages the process of a consumer entering their credit card information and discovering whether or not their payment was accepted. You can learn more about Stripe payment platform.

However, the following explains how it works:

  • The consumer must first supply their card information, which may be done either online or in person.
  • Stripe’s payment gateway receives the card information and encrypts them.
  • Stripe provides this information to the acquirer, which is a bank that will handle the transaction on behalf of the merchant. Stripe acts as the merchant in this phase (with the business owner as a sub-merchant). This eliminates the need for Stripe users to set up a merchant account, which may be time-consuming.
  • The payment is sent to the cardholder’s issuing bank through a credit card network such as Visa or Mastercard.
  • The transaction is approved or denied by the issuing bank.
  • The signal passes from the issuing bank to the acquirer through the card network, then to the consumer via the gateway, who receives a message indicating whether the payment was approved or denied.

You may transfer payments from Stripe to your company bank account after the cardholder’s issuing bank has finalized its authorization. When transactions have been processed, Stripe clients receive payments usually around two business days. Payments can also be paid on your timetable (daily, weekly or monthly).

Stripe will be paid for facilitating each transaction. These fees vary depending on the transaction type. For example, each successful online payment costs 2.9% plus 30 cents. But fees for in-person transactions are 2.7% plus 5 cents.

Who uses Stripe?

Stripe is used by some of the world’s top corporations, including Amazon and Shopify. This payment processor is also used by merchants that take credit and debit cards, as well as mobile wallet payments.

Most of Stripe’s distinctive features, such as its open application programming interface and ability to accept more than 135 currencies, are largely important to online sales. So it’s best suited for company owners who conduct a lot of their business online.

Is Stripe a secure payment processor?

Stripe has been accredited as a PCI Level 1 service provider, which requires an annual compliance report and regular security scans and testing.

Stripe encrypts all payment card numbers for its clients and keeps decryption information elsewhere, so Stripe can’t read credit card data without further measures. It also requires that all online transactions use the more secure HTTPS network.

How can I get started with Stripe?

stripe-payment

Follow these steps to get started with Stripe:

  • Sign up for a Stripe account. You need your name, birth date, and email address.
  • Give specifics about your company. This will cover the physical location as well as the legal framework. 
  • Link your bank account. Stripe will send you payments to this account.

However, you won’t be able to get your money right away. You won’t get your first reward for at least seven days after receiving your first payment. The waiting time in some businesses may be as long as 14 days.

Stripes Services: More Information

  • You’ll get acquainted with all of the features and support that come with your Stripe membership as you use the software.
  • You may hire one of Stripe’s partner developers to help you with the development parts of your software setup when you register on Stripe.
  • Stripe is a great resource for international businesses since it’s accessible in 34 countries and supports 135 currencies.
  • Stripe’s developer tools are among the finest in the payment processing business.
  • Stripe prioritizes security for buyers and sellers, ensuring that each online transaction is fully secure.
  • Stripe allows customers to keep their payment information for future transactions with the business.
  • Stripe, like other e-commerce platforms, charges fees on purchases.

Is Stripe a good fit for your business?

Freelancers and small-business owners are well aware of streamlining their internet strategy to reduce their burden. Having the correct tools for online payments is essential for a successful and growing online e-commerce business.

Stripe is a payment processing solution that’s simple to set up and use, provides solid security for both customers and sellers, and is available globally.

Automotive Influencer Marketing: Why Car Brands Use Influencers

Automotive-Influencer

According to the Wall Street Journal, the automotive industry experienced its first annual decline in car sales. The figures dropped by 1.8%, the first in 10 years. This has been the reason the industry has shifted to digital marketing, moving away from traditional advertising.

Automotive digital marketing has favored automotive businesses when it comes to attracting consumers. Furthermore, this strategy provides convenience for both car businesses and customers, as most processes involved are done online.

Creating a profile for your brand in the digital world is easy. The challenge, however, is to gather a huge number of followers as potential customers through self-promotion. Big social media websites such as Facebook, Instagram, and YouTube had been utilized by the industry to catch the attention of their targeted audiences.

To have a quicker and wider reach of consumers, most car brands use influencer marketing.

And it works!

Car Brands Partnering with Social Media Influencers 

Toyota, BMW, Kia, and other top car brands have and are continuously working with social media influencers over the past year. Such brands mobilized the power of influencers over their followers and made use of these audiences for brand awareness. 

You might have noticed how celebrity news always gushed about what cars certain influential people drive. The strategy may seem indirect, but adding personalities to the campaign does the trick.

Here are examples of the ways top car brands make the most out of influential people.

Kia’s Eco-Friendly Test Drives

Kia Motors America is an American-based division of Kia Corporations. Last 2017, they launched a brand immersion to introduce their new eco-dynamic models. Different bloggers, YouTubers, photographers, and social media influencers were invited to take these models out for a spin around San Diego, California.

Twitter-Influencer

7-time Emmy Award-winning JD Andrews shared his experience of cruising through the city in the new Kia Niro Hybrid model in a tweet. And travel blogger @jabsplethora captured the moment of driving this environment-loving model.

In the blog, she talked about how fun and practical it is to own this hybrid model. To elaborate, these eco-friendly cars let you:

  • Save money on gas and rebates with their fuel-efficient feature
  • Enjoy almost-free charging stations in some places, and
  • Save you from an hour-long hunt for a parking space (since more places have spaces exclusive for eco-friendly cars)

With this, in addition to the model’s Super Bowl ad, the Kia Niro caught the attention of a lot of people from different demographics. The company had sold over 27,000 units last 2017 alone. Owners enjoyed driving the Niro, topping the ranks under the mass-marketing category in the 2021 EVX Ownership Study. 

Toyota and SouthEast Asian Instagrammers

Asian car consumers take up the most percentage of Toyota buyers. This has a lot to do with Toyota’s roadside assistance which is best in class. To keep them coming, Toyota gathered up Asian Instagram influencers to promote their newly released hybrid model, the Toyota Prius AWD-e. With the #ToyotaHybridLife, these Instagrammers highlighted the model’s key features, targeting the younger Asian demographic.

instagram-influencer

The company set up events at different locations in the area and allowed influencers to try out the new model through a snowy test drive. Instagram star, Youtuber, and beauty specialist @Fruitypoppin posted on Instagram a picture of her beside the Prius AWD-e. She highlighted how capable the car is to stay on the road even when it’s slippery.

Perfect for winter get-aways.

Having over 1.1 million followers, the post received 56 thousand likes on Instagram. To top it all off, it has also been reposted in an automobile group on Facebook, gaining over 400 likes and 200 comments.

BMW and He Spoke Style’s Luxurious Campaign

Last 2015, BMW sponsored a European road trip for men’s fashion and lifestyle blogger Brian Sacawa of the blog He Spoke Style. Sitting in the backseat of the BMW 7 series sedan was Instagram photographer Sezgin Yilmaz. 

The two drove around Munich, Zurich, and Milan, stopping over famous landmarks, and posting pictures on Instagram. The month-long journey kept their viewers engaged with the stories each picture has. 

youtube-influencer

As if that wasn’t enough, Sacawa also posted a video collage of him driving the sedan on his Youtube account. He also blogged about their experience driving around the three cities, discussing aspects of the car he enjoyed the most. One of which includes its self-driving feature that eased their journey.

As if this isn’t enough, the He Spoke Style blogger also mentioned the car’s massage function.

That is one luxurious trip.

In the same year, the BMW group met their sales target for the year, attaining yet another record-breaking year. Their sales volume spiked up by 6.1%, having sold over 2.2 million units. Additionally, consumers gave the model a 75% rating when it comes to their driving experience, and won Car of the Year in 2016.

How Influencers Help in Marketing Automotives

You might be thinking, how does all of this work? Keep on reading to find out the ways car companies benefit from influencers in marketing their products.

1. Their Expertise is Highly Considered

If you have a medical-related question, you wouldn’t want to consider asking a non-medical person. Of course, you would ask someone who has knowledge in the same field, such as doctors and nurses. The same can be said for car concerns.

People who want to buy a car are not always experts in choosing which car to buy. This would urge them to seek some professional help. Social media personalities who have a reputation for knowing anything car-related are their usual go-to.

When car enthusiasts show their passion and expertise to their followers, people will surely listen to them.

And that actually makes sense.

There are a handful of automotive influencers across multiple platforms. While this is the case, it is still important that you evaluate whether their audiences meet your target market.

2. Already-Established Audiences

These social media influencers have been on the internet for a long time and have already captured a market. Their followers already trust them, and would more likely purchase a product or a brand that they recommended. In fact, according to Statista, approximately 72% of consumers’ purchasing behavior is influenced by social media personalities.

With the trust that is given to them, they can persuade their followers towards choosing the brand they are advertising. 

In addition to this, when an influencer uses your product, their supporters will perceive the brand or business as high-quality and trustworthy.  

3. Reaching the Unreachable

If you’re not a car enthusiast, there’s a good chance that you might not have known about Aston Martin’s new model, Rapide E. Unless you’re in a group that talks about cars, it’s highly unlikely that you would receive information on this.

This is where social media influencers’ role takes place.

Different influencers have different kinds of followers, from fashion to lifestyle to beauty to sports and fitness. There is a good portion from these followers who might not have been interested in anything car-related. By partnering with famous influencers, car brands will pique the interest of non-car enthusiasts.

4. Content is What They’re Good At 

The reason how influencers gain and keep their followers is that they produce contents that their audiences enjoy. They know what kind of people look up to them, and they know how to satisfy them. In addition to this, they know how to introduce brands and products in a way that is engaging and relatable.

With the amount of on-click ads they encounter, people will shy away from content that directly advertises products. That is one of the perks of having an influencer to promote your brand. They don’t need to scream, “BUY THIS PRODUCT.”  Instead, they seamlessly incorporate them into their content and make them valuable to their audiences.

People often follow social media personalities because they somehow relate to them and aspire to be them. Their posts usually produce emotional responses from their followers. And when they introduce certain lifestyles, their followers would unconsciously want to have the same lifestyle as them.

So by using a car brand consistently in their videos, it sends a message that the brand is the best choice among other brands.

5. Hitting Multiple Birds With One Stone

It’s hard to deny that most influencers have accounts on YouTube, Instagram, Facebook, or Twitter. Usually, these accounts can be viewed in their profile’s biography. And even when they don’t, most likely their fans have created one for them.

The reason for this is that influencers want to connect to a variety of people.

Imagine hiring an influencer who has an account on all four of the platforms mentioned. And imagine having a couple of fan pages about them on these platforms. A single post about your brand will spread like wildfire on these platforms, which can last for a very long time.

This is beneficial especially when you are still a starting company.

6. #Trendsetters

It is unimaginably hard to spread information about your newly-released product, especially for small business owners.

What better way to catch the attention of people than to be on top of the trend?

Influencers can make anything viral. With the right amount of elements put into content, they can make any product be the talk of the town. They serve as the middle ground between you and your target audiences.

Collaborating with bloggers, YouTubers, or Instagrammers on campaigns can put your brand in the spotlight and boost sales performance. Investing in influencer marketing generates comparable or better ROI than other marketing strategies.

7. Generates More, Costs Less

It is hard to bet whether or not television ads or billboard signs successfully attract your target customers. You get to spend a huge amount of money, but there is not much certainty that these ads will convince people to buy your product. The same goes for pay-per-click ads.

With influencer marketing, you’re only paying for each post. Generally.

It is very much affordable to employ influencer marketing. The price for hiring an influencer depends on which social media platform is used. From there, the prices may be negotiated. And sometimes, they would opt for non-monetary means of compensation. Affiliate links, promotional codes, and sample products are some of the options they may choose from.

Not only are you going to get to spend a small amount of money, but you will also ascertain a wider reach of audiences.

Conclusion

As the world shifts to a more digital way of living, it is important that car companies also adopt a more digital way of introducing their products. Social media is a place where innovation thrives, and people have become more reliant on these places when buying products.

Influencer marketing is one of the best strategies to employ in the digital world. Knowing and understanding the benefits of social media influencers is a step closer to the success of your car business.

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