What to Do After Being Laid Off

Maybe you had a feeling that a layoff was imminent, or perhaps you had no idea that this would happen to you. Either way, you were just called into your supervisor’s office for a meeting with her and your HR representative, and you were gently told that your job was being eliminated.

Even if you had the notion that this was coming, being laid off can be a jarring experience. In order to get through this time — and you will — consider taking the following next steps:

Take a Deep Breath

No matter how tempting, do not make any knee-jerk reactions like telling your now-former boss that you think he is a giant doofus or that the company will regret letting you go. You will probably want to call on your former supervisors for references, so keep your cool, go for a walk or sit in your car to decompress, and remind yourself that you will be OK. In most cases, layoffs are not a reflection of you or your work, so try not to take this personally. This advice also pertains to social media; take the professional high road and refrain from posting your lay off woes on Facebook and Twitter. While you may eventually wish to use these platforms as a way to network, post lay off emotions can be pretty raw and it’s best to keep your feelings to yourself.

Ask for Everything that is Coming to You

Once the dust settles and you have a bit of time to process being laid off, contact the HR person to get everything that is due you. This includes severance pay, unused benefits like vacation days you never took, and if you can, negotiate a great benefit package that will last you during your job search. Also, request that the HR person write you a laid off letter that will make it clear to future employers that you were let go due to a larger layoff or company financial issues, not because you had done anything wrong. It is also possible that the HR person will have brought along a severance pay letter and other things to sign during the meeting; ask to bring these documents home so you can take your time reading through them before signing them. You should also ask your HR person about if your medical insurance coverage will continue and for how long.

Register for Unemployment Pay

As soon as you can, head to your state employment office to sign up for unemployment pay. Even if your employer promised you a great severance pay package, you can still register for the compensation. Bring the laid off letter with you and do not dilly dally; if you wait too long you may lose your window to qualify for payments.

Look into Entrepreneurial Opportunities

While you may wish to find a job similar to the one you had before, you may find that the hiring process is slow, long and tedious. This may be a great time to embrace your inner entrepreneur and take advantage of the emerging gig economy. Look for ways to get formal and experiential learning opportunities from freelance platforms like Amway, Closet Collective and Uber. To help boost your knowledge about being an entrepreneur and get the tools you need to succeed, consider signing up for the recently-launched Amway Education; the curriculum was designed with budding independent business owners in mind and will help you become a successful entrepreneur as quickly as possible.

 

 

Checkout Unique Finance and get a bonus from me.

Transferring Your Skills Into Income

 

Earning extra money on the side has rapidly become the mainstream whether through the gig economy, consulting, or side hustling. In fact, nearly four in 10 Americans have a side hustle, according to Bankrate.com. And while you could just do some odd jobs here and there to earn extra cash, you can take it a step further and transfer your skills and interests into sustainable, consistent income. The trick is figuring out your strengths and skills and identifying the right opportunities along the way. Here’s how to get started.

Play to Your Strengths

Just because your former colleague is making a killing at project management doesn’t mean it’s necessarily a good fit for you. Take an assessment of your strengths from organization to leadership and start brainstorming ways to transfer those skills into income. For example, someone highly skilled at marketing and promotion may be well suited to help online entrepreneurs launch their info products. Another idea is to walk budding business owners through the process of gaining organic promotion through outlets like Instagram. The more you can focus on your natural superpowers in business, the more likely you are to find the right work opportunities.

Research Opportunities that Fit Your Skills

Of course, making up a list of strengths doesn’t always reveal a clear path to income generation. This is where researching existing opportunities from franchises to direct sales businesses comes in. Consider where your skills and strengths lie. If you’re skilled at sales and networking, selling products could be a perfect fit. Meanwhile, a passion for creating healthy snacks and smoothies while running your own team could lead to a franchise opportunity. It’s always wise to really research the validity of those companies — from Amway to Smoothie King — to find the best fit. Always look for proven business models with a track record for success that fits your schedule and lifestyle.

Keep it Flexible

It can take some time to match up the right skills with an ideal opportunity. While you launch that side business selling products to consumers to flex your entrepreneurial sales muscles, look for new ways to improve your business skills along the way. Take online classes or courses at community centers and stay flexible to new ideas and interests. You might discover that your interest in sales pairs well with your interest in healthy living and teaching others about the products you love to use.

Shadow a Mentor

Partnering with a mentor is also a powerful way to identify your skills and find a path to income. Ask a former colleague, supervisor, or someone in your community to help you on your journey. Make sure to choose someone who has proven success in areas you’re interested in. Try meeting once or twice a month and working through your ideas and questions. Your mentor can help identify how your skills in bookkeeping or copywriting can directly lead to opening your own business or consulting on the side. From there, you can work with a mentor to figure out how to fill in the gaps from start to finish.

Ask Your Network

Your own network has valuable insights to your skills and strengths. Meeting up for a coffee date with a friend or colleague and asking for help in identifying your skills and brainstorming income opportunities can spark new ideas. You may discover that you never thought much about your ability to come up with ideas quickly and how small businesses would value that skill in marketing and advertising.

Your skills are valuable with the potential to make real money, but it can take a little detective work to put all of the pieces together. Start by playing to your strengths and researching proven business ideas and models to help put money in your pocket.

Checkout Unique Finance and get a bonus from me.

New Year’s Day 2019 – Wall Street

New Year’s Day, also called simply New Year’s or New Year, is observed on January 1, the first day of the year on the modern Gregorian calendar as well as the Julian calendar.

In pre-Christian Rome under the Julian calendar, the day was dedicated to Janus, god of gateways and beginnings, for whom January is also named. As a date in the Gregorian calendar of Christendom, New Year’s Day liturgically marked the Feast of the Naming and Circumcision of Jesus, which is still observed as such in the Anglican Church and Lutheran Church.[2][3]

In present day, with most countries now using the Gregorian calendar as their de facto calendar, New Year’s Day is probably the most celebrated public holiday, often observed with fireworks at the stroke of midnight as the new year starts in each time zone. Other global New Year’s Day traditions include making New Year’s resolutions and calling one’s friends and family.[1]

In Christendom, under which the Gregorian Calendar developed, New Year’s Day traditionally marks the Feast of the Circumcision of Christ, which is still observed as such by the Anglican Church and the Lutheran Church.

Mesopotamia (Iraq) instituted the concept of celebrating the new year in 2000 BC, celebrated new year around the time of the vernal equinox, in mid-March.[4][5] The early Roman calendar designated March 1 as the new year. The calendar had just ten months, beginning with March. That the new year once began with the month of March is still reflected in some of the names of the months. September through December, our ninth through twelfth months, were originally positioned as the seventh through tenth months. (Septem is Latin for “seven”; octo, “eight”; novem, “nine”; and decem, “ten”.) Roman legend usually credited their second king Numa with the establishment of the months of January and February. These were first placed at the end of the year, but at some point came to be considered the first two months instead.

The January Kalends (Latin: Kalendae Ianuariae) came to be celebrated as the new year at some point after it became the day for the inaugurating new consuls in 153 BC. Romans had long dated their years by these consulships, rather than sequentially, and making the kalends of January start the new year aligned this dating. Still, private and religious celebrations around the March new year continued for some time and there is no consensus on the question of the timing for January 1’s new status.[6] Once it became the new year, however, it became a time for family gatherings and celebrations. A series of disasters, notably including the failed rebellion of M. Aemilius Lepidus in 78 bc, established a superstition against allowing Rome’s market days to fall on the kalends of January and the pontiffs employed intercalation to avoid its occurrence.[7][8]

In AD 567, the Council of Tours formally abolished January 1 as the beginning of the year. At various times and in various places throughout medieval Christian Europe, the new year was celebrated on December 25 in honor of the birth of Jesus; March 1 in the old Roman style; March 25 in honor of Lady Day and the Feast of the Annunciation; and on the movable feast of Easter. These days were also astronomically and astrologically significant since, at the time of the Julian reform, March 25 had been understood as the spring equinox and December 25 as the winter solstice. (The Julian calendar’s small disagreement with the solar year, however, shifted these days earlier before the Council of Nicaea which formed the basis of the calculations used during the Gregorian reform of the calendar.) Medieval calendars nonetheless often continued to display the months running from January to December, despite their readers reckoning the transition from one year to the next on a different day.

Among the 7th century pagans of Flanders and the Netherlands, it was the custom to exchange gifts on the first day of the new year. This custom was deplored by Saint Eligius (died 659 or 660), who warned the Flemish and Dutch: “(Do not) make vetulas, [little figures of the Old Woman], little deer or iotticos or set tables [for the house-elf, compare Puck] at night or exchange New Year gifts or supply superfluous drinks [another Yule custom].”[9] However, on the date that European Christians celebrated the New Year, they exchanged Christmas presents because New Years’ Day fell within the twelve days of the Christmas season in the Western Christian liturgical calendar;[10] the custom of exchanging Christmas gifts in a Christian context is traced back to the Biblical Magi who gave gifts to the Child Jesus.[11][12]

Because of the leap year error in the Julian calendar, the date of Easter had drifted backward since the First Council of Nicaea decided the computation of the date of Easter in 325. By the sixteenth century, the drift from the observed equinox had become unacceptable. In 1582, Pope Gregory XIII declared the Gregorian calendar widely used today, correcting the error by a deletion of 10 days. The Gregorian calendar reform also (in effect) restored January 1 as New Year’s Day. Although most Catholic countries adopted the Gregorian calendar almost immediately, it was only gradually adopted among Protestant countries. The British, for example, did not adopt the reformed calendar until 1752. Until then, the British Empire – and its American colonies – still celebrated the new year on 25 March.

Most nations of Western Europe officially adopted 1 January as New Year’s Day somewhat before they adopted the Gregorian Calendar. In Tudor England, New Years Day, along with Christmas Day and Twelfth Night, was celebrated as one of three main festivities among the twelve days of Christmastide.[13] There, until the adoption of the Gregorian Calendar in 1752, the first day of the new year was the Western Christian Feast of the Annunciation, on 25 March, also called “Lady Day”. Dates predicated on the year beginning on 25 March became known as Annunciation Style dates, while dates of the Gregorian Calendar commencing on 1 January were distinguished as Circumcision Style dates,[14] because this was the date of the Feast of the Circumcision, the observed memorial of the eighth day of Jesus Christ’s life after his birth, counted from the latter’s observation on Christmas, 25 December. Pope Gregory acknowledged 1 January as the beginning of the new year according to his reform of the Catholic Liturgical Calendar.[15]

 

Checkout Unique Finance and get a bonus from me.

Use of Drones for Delivery Gives Businesses and Consumers Reasons to Hope

The quest to improve delivery times and cut costs has led to the development of new means of delivery such as drones, which can be used to convey items autonomously. Current events suggest that these machines with previously unimaginable powers will potentially give firms the capacity to improve delivery speed and affect lives in ways we never thought possible.

We will probably find out how drones will impact delivery in the next few years. For now, however, there are reasons to believe as their use for delivery is becoming increasingly attractive and widespread.

Amazon and UPS Leveraging Drones to Transform Global Delivery

To add value to clients and reduce the hurdles for the efficient delivery of customer orders, companies like Amazon and UPS are investing in drone deliveries. Amazon reportedly tested its drone-based delivery system, Amazon Prime Air, in several international locations in an attempt to safely get packages to clients in 30 minutes or less.

DroneDJ revealed that the leading online retailer might begin delivering purchases by drone starting this summer. The head of the Federal Aviation Administration (FAA), confirmed that drone deliveries are indeed close, suggesting they are “a lot closer than many of the skeptics think. They are getting ready for full-blown operations. We are processing their applications.” Amazon’s Prime Air can carry up to 2kg.

Another company that is on the cutting edge of drone delivery is the American multinational package delivery and supply chain management firm, UPS. The organization was said to be testing drone deliveries using the top of its high-tech trucks as mini-helipad. The vans have been fitted with a sophisticated docking bay to help with the distribution.

However, unlike Amazon’s, it is not yet clear when the UPS’ drones would be put into more extensive use, a Reuters report claims. Nevertheless, UPS did confirm that its drone deliveries could benefit package cars drivers who have to travel to rural locations to make a single shipment. The drone being tested is “fully autonomous,” a UPS Pressroom released confirmed.

The Challenges

While drones are likely to bring many benefits to consumers and brands alike, they still have a lot of hurdles to cross before they finally begin to make deliveries. There are still concerns regarding the large-scale implementation of the UAVs into the national airspace and technical challenges such as air-traffic control.

Nevertheless, efforts are being made to address these issues. And regardless of how things pan out, it cannot be denied that drones are ultra-sophisticated technologies with huge potential. Their use in delivery, aiding search, and rescue missions, demonstrate just how much they could benefit humankind

Consumers seek convenience. Firms seek ways to cut costs. Drones give them reasons to hope. To consumers, drones offer considerable benefits in the form of cheaper and faster shipping. For retailers, they present an opportunity to cut cost and strengthen the growth of online retail sales.

Checkout Unique Finance and get a bonus from me.

Customer Loyalty Programs Start Using Artificial Processes and Strategies!

Increasing Customer Loyalty

Everyone knows that increasing customer loyalty is all about making bigger profits, creating a group of raving followers and finding customers at a faster and cheaper price. In the long run, customer loyalty can do wonders to your business. However, there are many questions and debates on how to ensure customer loyalty! Can your customer support knowledge base help you understand what customers really need? Can you use knowledge base support software to judge the requirements of customers online? Is it possible to use artificial intelligence to understand and improve customer loyalty?

According to experts, the answers to these questions is a big yes! Yes, you can go beyond manual, traditional methods and use software programs and artificial intelligence to boost customer loyalty.

Understanding Artificial Processes in Customer Loyalty Programs

Few months ago, Joseph Nunes and Xavler Drez made news. The whole world learnt more about their customer loyalty adventures. This duo experimented a new type of customer loyalty program at a local car servicing center. The consumer researchers rewarded 300 customers at the car wash with loyalty cards. Half of these loyalty cards expected customers to make eight transactions before winning a free service or car wash. The rest, needed ten transactions. However, there was a small twist to the story. The company offered two free bonus car washes as a head start. This means, their business began with free services.

In both these situations, potential customers had to make eight transactions for a free service. But, there is a small amount of difference in how complete the offers are. In offer one, the customers were zero-percent complete. On the other hand, offer two ensured 20-percent of completeness.

Now, you might wonder if the customer support knowledge base and this “Artificial” progress would ensure customer loyalty in return.

In the next few months, the duo noticed that 1/5th of the customers opted for the first offer. And, ½ of the customers chose the second option. This clearly proves an increase of 80% in terms of customer loyalty. Indeed, artificial progress has helped the car wash enjoy a better level of customer loyalty.

If you are planning to venture into customer loyalty, you must invest some time and effort on artificial progress. This is a smart way of introducing your business to new customers. Meanwhile, it is a strategic way of helping customers continue your products and services. The time required to witness the impact of artificial progress may appear long, yet it is worth your time and effort.

What is Customer Loyalty?

Before you start focusing on your customer support knowledge base and invest on knowledge base software, you must have a clear understanding of what customer loyalty is all about.

Let’s understand this with two real-time scenarios:
  • If you are an author, customer loyalty for you is represented by the number of people reading your books. For instance, if someone buys all your three books, they can be treated as a 100% loyal customer. And, if someone chooses to read only your book only once, they are less likely to return.
  • If you are a designer or a consultant, customer loyalty is identified by the number of people asking for your services. If people keep requesting for your services, you are on high demand! For example, if I approach the same designer for all my needs that is 100% customer loyalty.

If you want your business to endow and enjoy the benefits of customer loyalty, you must stick to a structured process. Here are three steps you must follow as a part of improving customer loyalty over the internet and using artificial intelligence to give it a boost further.

Step #1 – You need to have a well-established Goal

First of all, you must appreciate the fact that artificial progress can help you. Don’t think twice to make use of endowed progress. After all, every business needs customers and goals to focus on. You might be venturing into an eBook, design service or hourly consultation, the business doesn’t really matter. Artificial progress can help you. When paired with knowledge base software, it turns into a power tool for any business.

Step #2 – Understand What your Customers Need

Everyone knows that customers are longing for efficient and effective services. However, loyalty goes beyond these elements. Today, you must educate customers on what has to be done for better servicing and products. Companies must be specific about behaviors and actions that can be rewarded. Why would you reward your customers and keep them loyal? Do you intend to reward all your customers? Or, do you wish to reward customers who refer and advertise your business? Or, do you wish to reward customers who have stayed with your business for a long time? It is important to decide what your loyal customers must have done or do.

This is when knowledge base software programs become useful. These software programs will help you keep track of customers. You will be able to monitor every customer individually. In the long run, you will have plenty of data about your customers, what they want and what they have done to become loyal. The best way to exploit any artificial or endowed progress is through knowledge-based support systems.

Step #3 – A Head Start

Remember the car wash case study? It would be wise to give your customers a head start. This will be a bonus that adds more value to your business.

But, you must not give a head start without valid reasons. Always stick to limited bonuses. This route works well when you have to launch a new service or product. The limited time bonus will create a hype and keep your customers geared.

Step #4 – FAQ is Must

Your customers tend to come across various difficulties that can be answered easily. But to cater their questions, it is advised to create a FAQ page that gets most of them covered easily. Not only will your customers get to receive the answers on time but also reduces the workload from your support department.

These FAQs can also be linked to well curated tutorials that aid your customers in times of needs. This will boost their loyalty towards your brand and will be more willing to spread the word.

Step #5 – Expert Support Team at Place

A skilled team of customer support agents can help you boost the loyalty factor. But make sure that they are well-trained about your product or service that helps them answer any technical questions. In case you plan on training them or think of developing an ongoing training program, then a knowledge base software can come to your rescue.

It can help you develop a training program for your support agents that they can access anytime, anywhere. As they get equipped with the online program, it’ll be easier to get all customer queries resolved in no time. Hence, increasing the existing customer loyalty rate towards your brand easily.

Step #6 – Multiple Channel Availability

If you wish to help your customers reach you at anytime, from anywhere, then it’s important that they find you available at all times. This is also possible if you work towards building a stronger presence across multiple channels. Reason is simple. Your customers would not necessarily try to get in touch with you with emails or calls.

They’d also prefer if you make yourself visible on various platforms, so that their options aren’t limited to just one or two. No matter what business you own, building a stronger visibility across multi-channels is important. This helps you satisfy your customers in the shortest span of time possible.

What’s great is you not only get to retain customers with prompt responses, but also build a strong relationship with your customers easily. This leads to expanding your customer loyalty further because your organization is taking the effort to reach out to them in time. A great way to build positive points amidst customers.

The Verdict

Dan Pink once told, “There is a big difference in what science knows and what businesses really do”. If you want to improve customer loyalty, go ahead and use endowed progress (or artificial progress). This is a tool that can keep customers attached to your business for a very long time.

After all, it helps you know their expectations from your brand when they plan to invest in your services or products. This can be done successfully by

 

  1. Monitoring every single customer and the decisions they take while browsing through your website.
  2. Giving them a great head start with valid reasons, so they can stick around with your brand for in the long run.
  3. Making yourself available at anytime, anywhere by increasing your presence on various platforms.
  4. Building a stronger support team that helps your customers get all the answers they seek when in trouble.
  5. Creating detailed FAQ with the help of a knowledge base software. These can help your customers find instant answers to their queries hassle-free.

 

So, do not get worked up on how to get your customers more loyal towards your brand, when the integration of such software can help you resolve the issue successfully.

 

Author Bio:-Robin is a Technical Support Executive. He is an expert in knowledge management and various Knowledge base tools. Currently, he is a resident knowledge management expert at ProProfs. In his free time, Robin enjoys cycling and sky diving.

 

Checkout Unique Finance and get a bonus from me.

Marijuana… The Best Investment Opportunity

Marijuana’s Prohibition Has Ended !

Who do you think is making huge money on the cash crop? And if you think this money is going to stoners, former hippies, and low life’s think again. Look at Alan, last year he was a top executive at Google, celebrating his 30th birthday, and running a $100 million Asia-Pacific division that took him to 50 countries. Today, Alan is the CEO of Tokyo Smoke…A marijuana brand with a chain of luxury shops opening across North America. Each will offer upscale clientele the highest quality coffee, smoking accessories, and custom marijuana strains. Two years ago, Nicco’s research in machine learning and artificial intelligence was being funded by DARPA…The U.S. Department of Defense’s most secretive agency

But today, from his office in Santa Monica, California, Nicco and his team from MIT and UCLA are building what could become a billion-dollar marijuana empire. Their app, WoahStork, uses artificial intelligence and machine learning to determine the perfect type of marijuana for any customer. It’s a breakthrough being hailed as “the Netflix of weed. “And with the push of a button, your order can be delivered right to your door”.

Who is the Biggest Weed Dealer in Washington D. C. ?

Meanwhile, across the country, Washington D.C.’s biggest legal weed dealer is Rabbi Jeffrey Kurtz. He operates a dispensary just six miles from the White House. The rabbi got into the pot business after watching his father-in-law use it to alleviate the pain he felt from multiple sclerosis. He’s not worried about what his peers say, because the Orthodox Union has officially classified pharmaceutical-grade marijuana as “kosher” in the United States.

Young Entrepreneurs with Vision

When Hank Baker was a teen, he made money selling pine nuts on a street corner in Pueblo, Colorado. Now 25-years-old, he’s graduated from that street corner to a swank weed dispensary in his hometown where months after setting up shop, Hank was $1.5 million richer.

Sure, it’s technically an illegal vice according to the Federal government… They’ve passed laws allowing medical marijuana. And with every new piece of pot legislation that has been passed, incredible wealth has been created very quickly. But never before have so many states voted on this issue in a single day. Which is why even well-known celebrities can’t resist the green gold rush.

So is Hall of Fame NBA player Oscar Robertson…As well as billionaire venture capitalist Peter Thiel. Also consider two-time Grammy award winning musician Melissa Etheridge. Another famous name in the business is Cheryl Shuman is the founder of The Cannabis Club in Beverly Hills. She says her phone is ringing off the hook thanks to A-list celebrities calling her to find out how to invest in marijuana. She thinks this is the biggest opportunity we’ll see in our lifetime.

Who Indulges in this Evil Madness of Puffing the Magic Dragon

Oprah Winfrey, Secretary of State John Kerry, Supreme Court Justice Clarence Thomas. Billionaire George Soros has, and he enjoyed it. You can add Michael Bloomberg to the list…Who boldly proclaimed he’s smoked weed… And enjoyed it as well ! That’s two of the world’s richest men. Dr. Sanjay Gupta has given ganja a try. Along with former Governor Jeb Bush. And of course his brother George – the 43rd president of the United States. They’ve all admitted to taking a toke!

 

American Seniors Now Enjoying the High Life

Even American seniors are now living the high life. They’re the fastest-growing group of marijuana users. And every medicinal puff they take could help save one of our most important safety nets.

Seniors are the logical choi8c for relief from Medical Marijuana, and getting away from Big Pharma, and the continued use of the pharmaceutical medical drugs they depend on , mainly to cure all kinds of aliments that can be cured naturally from the right CBD Formula for pain relief, as well as an occasional “Puff” of the Magic Dragon.

How Much Money is in the New Weed Business?

Conservative estimates suggest legalizing marijuana nationwide would lower Medicare prescription drug costs by $468 million. While putting an extra $28 billion in tax revenue in Uncle Sam’s coffers. Unless, of course, you’ve turned a $500 stock investment into over $600,000 before. If so, you might have the chance to do it again. That’s a truly exceptional situation – one nearly impossible for any investor to anticipate. But no other market has shown an uncanny ability to deliver these kinds of gains. And you aren’t going to want to wait another moment!

Colorado Cannabis and the Future of the Industry

For Instance: Colorado also collected more than $135 million in marijuana taxes and fees in 2015 — more than $35 million of which is earmarked for school construction projects. “These are amazing numbers,” said attorney Steve Fox, one of the principal drafters of Colorado’s pot-legalizing Amendment 64, “especially on the tax revenue side. “Colorado released marijuana tax data for December 2015 on Tuesday, showing a major uptick in month-over-month sales. Recreational pot sales jumped more than 21 percent from November to December, landing at $62.2 million — a monthly record in the state’s legal era. Medical sales jumped more than 32 percent in the same period, totaling $39.1 million. And this industry is just getting off the ground.

Wall-Street.com to Start Marijuana Newsletter in 2019

Wall-Street.com will be your source for broad based, accurate and concise information on the Cannabis Industry and the latest investment opportunities to get into this new Marijuana Business for yourself
Get in on this new informative newsletter at a reduced price for the subscription on this Explosive New Cannabis Industry, Marijuana the way of the future for many, many uses.

Checkout Unique Finance and get a bonus from me.

Copy Trading: Why It’s a Great Idea for Beginners

 

Copy Trading And What It Is All About

The financial markets are becoming more accessible with online trading platforms and top brokers offering their services, so it is not surprising to see new investors taking advantage of this opportunity to explore the available instruments. There are more forex and stock traders today than ever before, and this is a good sign of a growing investment landscape.

Entering the now open financial markets, however, is not as easy as it seems. You still have to know your way around the traded instruments and the market as a whole. More importantly, you need to enter the market with a clear plan in mind. There are a lot of things to understand about the financial markets before you can make successful trades.

Many new traders turn to copy trading – and the broader social trading networks in general – for help. You too can learn about the financial markets while copying the trades of other, more experienced investors. But is copy trading a good idea?

Learn from the Best

Copy trading allows you to copy the trades of top investors on the market, but it doesn’t stop there. You still maintain complete control over the trades you make, including when it comes to deciding which investors you want to copy and how each trade is adjusted to your portfolio.

This level of control makes copy trading perfect for helping you learn about the financial markets you are entering. Rather than reading articles and relying on other resources, you can learn directly from top investors while benefiting from their trades at the same time.

Copy trading also lets you be a part of the market in real-time. You can apply the same technical indicators as the ones used by top investors, follow fundamentals from the same sources, and learn about the trades being made based on analysis and the usual decision-making process.

Allows You to Invest with Limited Knowledge

One of the biggest advantages of copy trading for beginners is that it allows new traders to start investing even if they have limited knowledge of trading and how the markets work. If you’re new to trading, it may be difficult to understand the challenges and pitfalls you should avoid and understand market behaviour.

People who first start trading currency pairs might be overly cautious at first, in order to not make mistakes. This makes the whole learning process much lengthier and will slow down your progression. But with copy trading, you’ll basically have a seasoned trader walking you through trades and showing you exactly which moves you should make. This will allow you to start making profits much faster than you would otherwise.

Saves Time

People are often unaware of how much time it takes to devise a trading strategy, and how time-consuming market analysis can be. Fundamental and technical analysis will most likely dominate your time if you’re doing everything on your own, especially if you’re not familiar with in-depth analysis in the first place. But with copy trading, all the hard work will already be done for you, and you can significantly reduce, or even completely bypass analysis altogether.

More Options to Choose From

Today’s copy trading services also allow you to tap into the same vast array of instruments that you can trade on the open market. Regardless of the CFDs and foreign currency pairs you are interested in, you can always find investors whose trades you want to follow.

This also gives you more flexibility in terms of shaping your portfolio. While you learn about the markets, your portfolio will continue to grow, and you stand a chance of banking profits along the way. There is no better way to learn than while profiting from real trades!

On top of that, you also have different platforms to use. ZuluTrade, for example, focuses more on their copy-trading features and signals. EToro, on the other hand, offers features related to both copy trading and the broader scope of social trading. The options are indeed endless.

Easier to Get Started

Copy trading doesn’t just make entering the financial markets easier. Getting started with your own copy trading account is also very easy to do, especially now that you have sites such as InvestinGoal helping you every step of the way. Via InvestinGoal, you can find reviews of popular copy trading services and platforms. These reviews help you choose the platform that suits your specific needs best. There are tips and tricks for beginners and even more resources to use as you learn about the market.

You even have news and social trading blogs to utilize as you venture further into the financial markets. With so many resources available, becoming a successful online trader – and starting that journey using copy trading as your weapon of choice – is easy.

Better Diversification

The added control you now have when copy trading helps you eliminate some of the issues associated with copy trading in the first place. Rather than taking the passenger seat and hoping for the best, you now have the ability to go deep into the trading strategy and find tactics that work for you.

In terms of diversifying your investment portfolio, for example, you are no longer limited to following one investor at a time. This means you can enter multiple markets, learn about them simultaneously, and copy the trades of top investors in each market.

The same can be said for risk management. In the old days, copy trading was often associated with a lack of risk management. This is due to many new investors taking copy trading as a way to make money quickly, which it isn’t. The more you are involved in managing your portfolio’s risks, the more profitable you will be in the long run.

Is it a Good Idea?

Is Copy Trading a good idea. We would have to say yes, read our opinion
Copy trading is a fantastic way to enter the market when you have little to no experience. That said, it is something that needs to be approached with learning in mind. Copy trading is how you learn from the best investors and be a great investor yourself, all while making money in the process.

Checkout Unique Finance and get a bonus from me.

How PPI Claims And Compensation Have Affected The UK Economy

 

Payment Protection Insurance

PPI, perhaps the most high profile scandal in British financial history, has naturally earned its notoriety over the past few years since the reveal in 2011 that millions of British consumers had been mis-sold the insurance. With billions of pounds worth of compensation being paid out since, it has had a catastrophic impact on the UK. In this article we’re going to evaluate that very influence as we take a look at how ppi claims and compensation have affected the UK economy.

PPI: The History

Before we assess the impact that PPI had on the UK, let us first give you a succinct insight into its history.

PPI otherwise known as Payment Protection Insurance was sold alongside credit cards, loans and other financial agreements as a failsafe should a borrower’s income ever fall, due to them either being dismissed from their job or becoming so seriously ill that they were no longer capable of repaying their loan.

The insurance became increasingly prominent throughout the 90s and into the new millennium as lenders discovered they could add lucrative commissions onto PPI policies. As more and more financial intuitions began to exploit the protective policy for financial gain, a series of civil cases began to be contested in court whereby consumers claimed that PPI’s were essentially ineffective.

This culminated in 2011, when the Financial Conduct Authority officially released a public order stating that millions of PPI policies had been mis-sold to consumers and that they were owed compensation as a result.

It is believed that between the years 1990 and 2010 that over 45 million consumers were mis-sold PPI.

What It Meant For Lenders

As you can imagine such a demand for compensation would have a disastrous impact on any industry and that’s without considering the fines and legal fees each of the UK’s banks and lenders would have incurred as a result of mis-selling PPI.

The most recent total supplied by the Financial Conduct Authority, reported that since January 2011 that £32.9 billion worth of compensation had been paid out to consumers. To put that figure in perspective, that is over triple the £8.77 billion it cost the public to pay for the 2012 London Olympics.

However PPI is still prominent today, having an significant effect on the lending industry with Britain’s most high profile banks, Lloyds, Barclays, RBS, HSBC and Santander collectively setting aside a further £35 billion to cover the overall rising cost of compensation.

A Brief Boost

There is some evidence to suggest that PPI claims and compensation’s effect on the UK wasn’t wholly negative, in fact in the immediate aftermath it actually boosted the UK economy briefly.

In 2012, the country’s overall disposable income was at a low, amongst a rise in unemployment and the recession still looming over UK’s most prolific industries, many households were struggling to buy anything other than necessities.

However as bank’s began to compensate its consumers, household’s suddenly had an additional £2000 to spend on whatever they wanted. This impact was so significant that it actually led to the Independent Office for Budget Responsibility to up its estimate of real disposable household income by 0.5%.

A New Industry

Also the effect of PPI compensation has led to the creation of new jobs, specifically in the form of claim management companies.

Helping consumers to find out whether they are eligible for compensation or not, they hire customer service staff, complaint handlers, call centre executives and many more managerial positions.

Without the PPI scandal’s effect these businesses wouldn’t have been created and thousands of employees wouldn’t have been recruited. However as we approach the 29th August 2019, the PPI deadline, there is much uncertainty surrounding the security of these businesses and their worker’s positons.

There you have it, the exact effect PPI claims and compensation had on the UK economy. Damaging the lending industry, briefly boosting the economy and creating an entirely new industry, whether or not you consider its effect to be positive or negative you cannot debate that it has been vast.

Checkout Unique Finance and get a bonus from me.

Tips to Keep Your E-Commerce Sales Hot This Holiday Season

7 Must Try Tips to Keep Your E-Commerce Sales Hot This Holiday Season

The holiday countdown has just begun and as the festive mood gathers momentum, people start going on the shopping binge. The soaring number of people opting for online shopping in holidays is simply incredible. This is the great opportunity for e-commerce companies to boost their sales.

If you are eying for making most of this shopping season rage, you might as well get prepared to attract your prospects toward your online storefront. Make this season celebrations a win-win manifesto for you and your customers. However, the reality is you are not alone in this shopping carnival; your competitors must also be strategizing to take full advantage of this. So how are you planning to increase your online sales?

Here are some great tips for you:

1: Make sure your site is ready with holiday theme

Your website and its landing page are very crucial points of contact with your customers. Give them the reason that you are equally excited about welcoming as well as serving them. Spruce up the look and feel of your store so that people take you seriously and that you mean business when it comes to advertising your products. Being in the same holiday spirit as your customers are will encourage them to shop with you. During holidays, customers expect that you have something unique and enchanting holiday collection products for them that can provide a good value for their money. You need to focus on visual design and aesthetics according to the coming festival, for example, Black Friday, Christmas, New Year. You can use small, simple festive elements with a campaign that can attract families.

2.Provide a great mobile experience

With a precipitous growth in mobile devices in recent years, online shopping has reached to unprecedented levels. Smartphones and tablets are the biggest drivers of e-commerce today. In light of this, holiday season will witness an added effect for e-commerce traffic from mobile devices. So your website should be highly mobile responsive, for you need to engage more with mobile users. An Econsultancy report throws light on the importance of growing mobile experience. The report says, 62% companies with a mobile responsive website see an increase in their sales as compared to companies with desktop-only websites. A seamless mobile experience will provide a frictionless and easy way for your customers to make purchases.

3. Reduce cart abandonment by giving discounts and offers

Cart abandonment is one of the most annoying things you might come across on your site. Even if your products are resonating with your buyers, but you have no idea what stopped them from making the purchase. This is the high time to figure it out and respond to it immediately. You need to consider whether the checkout process is confusing, or the cost of shipping is discouraging for them.

To prevent the abandonment from happening, ensure that your shipping costs are transparent throughout the buying journey of the customers. Forcing your customers to create an account could be counterproductive because it makes the purchase process longer. Just make your checkout process short and seamless. It is also true that most of the customers visiting your store for the first time don’t make purchase. But you can lure them back by giving discounts and sending festive sales offers to their selected items.

4. Create holiday themed content

Holiday season is the time for sharing and caring, so spread some euphoria with holiday-themed content. The content specially curated for holiday would be a perfect way to add a festive touch to your messaging. On the other side, customers appreciate when they see brands are putting efforts to add holiday fun and joy to their marketing communications. A study by Infogroup found that emails featuring Black Friday themed content generated a 33% higher conversion rate than business as usual (BAU) messages. There are many ways to leverage themed content. One of the effective ways is to host an online photo submission contest, where customers can show off their creativity and have some fun together. Another way to engage your customers is by posting holiday decorating tips, or how-to videos to celebrate different festivals.

5. Provide fast and free shipping

Nothing can give your customers an instant gratification than offering them same-day deliveries at their doorsteps. This is the one area in which brick-and-mortar stores have a distinct advantage over online stores. In fact, instant delivery is one of the topmost reasons why people still live to shop at physical stores. Therefore if you convince your prospects to provide a lightning fast delivery, they’ll shop more at your site especially during the holiday season. Another way of keeping up your sales momentum is to offer free shipping to your prospects. Shipping costs are among the top reasons why customers abandon the cart because they essentially want to save money that is spent while physically going somewhere for shopping. So keeping in mind the holiday season competition, free shipping will keep your floating. If you don’t offer free delivery while your competitors do, your sales are at risk!

 

6.Hassle-free return policy

You need to incorporate a hassle-free return policy for your customers if in case they don’t find a product fit for their needs. This is how customer experience works. An excellent customer experience is very important for generating e-commerce sales. If customers get a sense that you care for their benefits as well then they will keep coming to your store. A 2016 consumer survey from Shippo, a shipping application-programming-interface firm, found that 87% of respondents believed that free returns were an important part of their ecommerce buying decision. Thus, the more hassle free your return policy is, the more secure shoppers will feel when making a purchase from your online store. If the return rates are higher for your store, you can give more info about the product as possible, including lots of product shots, and detailed product descriptions. This will help customers better arrive at a conclusion whether to buy the product or not.

7. Use social media ads to engage prospects

Social media advertising is an effective way to target audiences on specific networks through demographic information so targeted consumers can see your brand in their feeds. The way social media is becoming popular among masses, no business owner can undermine its significance for generating sales, especially during holiday season. For example, Facebook can be used to engage with prospects who have been liking your products for a long time but haven’t yet purchased any of them. Optimizing your Facebook ad campaigns will truly engage your most important leads. Another platform to leverage at this instant is Instagram. Visual content is not only treated more favourably on Instagram algorithm, but it’s also more likely to be shared and remembered than written content. Also you need to factor in the relevancy of your ads. If they aren’t relevant to your audience, you are wasting your time.

 

Final Words

With the arrival of festive holiday season, people start flocking to offline as well online stores. Since majority of people are shopping from the comfort of their cosy homes, e-commerce stores have a lot to offer to them. You have to strategize your plans and make smart moves so that you can clinch last minutes sales.

 

Checkout Unique Finance and get a bonus from me.

What Millennials Can Learn from Boomers about Retirement Planning

Boomers retiring by the tens of millions each year.

How many times have you heard it said, “If I only knew then what I know now…” about everything from financial planning to raising kids? It’s likely that you’ve heard it at least several times a week and now even millennials are becoming tuned in to the problems besetting boomers as they age and retire.

The world is a much different place than it was, even a generation ago, and so it would be wise for the younger generation to look at some of the trials and tribulations of boomers as they begin retiring by the tens of millions each year.

Insufficient Planning Delays Retirement

One of the major problems that many boomers face is that they didn’t plan sufficiently for their future. They assumed their Social Security check along with that 401k or other retirement investment would be sufficient to provide for them in their senior years.

Back a few generations, there simply weren’t the resources to plan well for retirement and today’s retirees are learning that they should have planned better. Today there are financial products that are aimed at growing wealth for your senior years and these are the products millennials should be investigating when seeking to invest in their own futures.

Unexpected Rises in the Cost of Living

What it all boils down to is that no one really expected the cost of living to skyrocket as it has. Some attribute it to the cost of production, keeping prices rising while others attribute it to higher taxes and the increasing cost of fuel and food. For whatever reason, the cost of living has far surpassed the rise in wages and this is something no one could have foreseen but perhaps should have planned for anyway.

Avoid Borrowing against Retirement Savings

Another one of the big mistakes boomers made, almost across the board, is to have borrowed heavily along the way against their retirement savings. This is a big problem that millennials should learn from. If at all possible, don’t delete those savings! Find a way to finance what you need to pay but leave that money where it is so that it can continue growing.

You know what they say about good intentions, so don’t be caught in the ‘intend to replace it’ trap. Chances are you will never replace that money once it has been spent. Just as you think you’ve got your head above water, another crisis surfaces and so it goes. Put that money away and forget it’s there. That, perhaps, is the biggest lesson you can learn from boomers.

The Logic of Downsizing Early

When it comes to downsizing once the nest is empty, altogether too many people fail to liquidate assets early enough. That big six bedroom home you live in and raised your children in may be sentimental but now that it’s paid off, sell it, buy a smaller property and invest the profit made from the sale.

Too many middle age people hang on to the family homestead thinking to save it for the kids, or to have a place for them if they need to come home. It’s time for grown kids to be grown kids. Think about your future by downsizing as soon as the nest is empty. Can you imagine how that amount of money can grow over the course of a couple decades until you are ready to retire?

Diversify Your Investments

And one final thing which millennials should learn from boomers is that they failed to diversify their investment products early enough. Altogether too many people lost their savings with the economic crisis of a decade ago and now those boomers simply don’t have enough time to recover their losses.

By diversifying your retirement investments, you can have that added bit of protection if one market should fail. The last time it was real estate that led to a global crisis. What will it be next time around? No one knows so diversify, unless of course you are a fortune teller and can predict the future.

The intelligent millennial will take a good look around them and fully understand the predicament most boomers are in now as they face retirement. It is always good counsel to be told to learn from your elders, in both their triumphs and failures, but never more so when planning for retirement. Don’t fall into the same trap your parents and grandparents fell in. You can learn a lot from boomers if you care to open your eyes. Plan now and live comfortably later – a great investment strategy altogether.

 

 

For Further information

Checkout Unique Finance and get a bonus from me.