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Four Reasons Your Online Business’s Credibility Might Be Questioned

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Once the credibility is lost, it would take years to gain back the same status.

This applies to both the individual and the business. We always think that reputation and credibility matters to a person itself. However, these are the two aspects that can either make or break the business. The online business is often judged for these aspects, which is really crucial for an entrepreneur.

Since we have entered the New Year, it is time to think the other way. Even if you have many followers, you cannot turn your eyes from the risks coming in your way. Credibility is the one thing that is really important for any online business to grow.

Do you know how an online business can maintain credibility? There is no hard and fast rule to be the one who you are. The only thing required to become a credible band is serving the best that you claim.

However, there are some major issues that can put a huge question mark on your credibility. Here are some of these points, which can break your online business in pieces.

Credibility Risks Every Online Business Should Avoid

1.      Crossing Ethical Boundaries

Overstepping or crossing ethical boundaries is common in the digital world. Even if you are walking on the right path, you will step down once in a while to achieve the target before the time.

If this is frequently happening, you are risking your online business. It is absolutely in your hands whether you need to make it to success or end it on the spot.

An entrepreneur, decision-makers, or salesperson has to stay in its ethical boundaries to rectify the business’s credibility. If ever in life you come in this trap, it will hardly take seconds to lose your credibility. It might sound a bit low but actually, it is deteriorating and hurtful.

2.      Publishing the false insights

Your audience desires to read true insights rather than wasting time in getting the wrong information. If you are investing time in publishing anything that has nothing to do with your online business, you are already falling in a trap.

Credibility is rectified when you are telling the truth to your prospects. Insights about your business will tell the potentials and goals to the audience. But when the insights are wrong to the core, you are failing the prospects.

The content creators must not be given a chance to publish anything that is totally opposite to what your business displays. Give them some time and talk to them in-person. Let them know what actually credibility means to your online business.

3.      Forcing customers to buy from you

Another most common mistake that an online business often creates is forcing customers to buy from them.

Let’s suppose you walk into a supermarket to buy grocery items. Suddenly, a salesperson bumps into you and urges buying a product from him. Even after ignoring and refusing for multiple times, he insists you put the item in the cart.

Isn’t the situation most irritating and frustrating?

Exactly, this happens when you put your desires on the customers and force them to buy from you. Just put yourself in their shoes and feel the pressure. It will portray a wrong image and definitely question your credibility too.

So, whether you have several items in-stock, selling high-end products on the online B2B marketplace or have useful products on the racks, you cannot push any customer to buy from you. Make it a rule of thumb to protect your business from falling.

4.      Not responding to the customer queries

When we say customers are everything, we really mean it.

From serving the customers with everything best and responding to their uncountable questions, the online business runs smoothly. However, the problem occurs when one of these is not handled up to the mark.

Responding to the customer queries is one of things that a business is always judged with. If you are not actively responding to their issues, you are taking your business to the wrong path.

In this case, you should invest in the right resources so that the customers are treated with everything that they ask for. Hence, responding to their queries is integral to the online business.

Final Considerations

You will always come up with many things to protect your business’s credibility. But these four points are really important to create the right impression on your potential customers. This post may really help you a lot in knowing what’s better to do and what’s not worth performing. Read it again and make it a habit to put your business first than anything else. It will protect you from many uninvited challenges that you could think of.

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4 Ways to Cut Costs For Your Small Business

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One of the biggest barriers to entry hopeful entrepreneurs face is the costs associated with launching and sustaining a small business. From building expenses and licensing fees to payroll budgets and more, there are a lot of financial figures to work out before you start to yield a profit. And when you do see those profits roll in, your margins can be pretty narrow depending on your sales and expenses for that month.

It can be difficult to save money as a small company, particularly if you are in a position where potential risks need to be made to achieve greater profit margins.  However, without putting your productivity or financial status in jeopardy, there are a variety of ways you can reduce your company expenses.

To help you cut any overhead expenses that could be holding you back and inflating your deficit, we have gathered a collection of our best money-saving tips.

1. Budget better

Constructing a spending budget for your company will provide the perspective you need to see where your money is flowing and give you a better idea of your outgoing expenditures. Set a time to equate the spending of your corporation to the incoming funds at the beginning of each month to help predict the potential financials. Daily financial analyses will give you a larger overview of where you are investing and where you can trim down.

2. Minimize operational bills

Many businesses expend way too much money on workplace and other operating costs, such as energy bills and overspending on labor. As a company owner, one thing you’ll likely want to explore is whether or not a remote job operation will work for you. It is a smart way to minimize the price you pay for leases, office equipment, and other costs.

If you’re not yet prepared to turn your back entirely on the conventional office environment, you may want to think about a communal workspace. Community workspaces or “coworking” facilities are simply large business areas split by multiple businesses and people that rent offices within the space.

There are different setups for different coworking sites, so you may notice that you either need to rent a part-time meeting room or that you need a pair of private offices five days a week. This effectively helps you cut down on some of those outstanding operational costs.

3. Consider outsourcing

Your workers are your company’s backbone, allowing the gears to spin both in front of and behind the scenes of your business. It goes without saying to you, though, that recruiting workers is seriously costly, especially when you take into account payroll taxes and benefits for your team.

One way to mitigate the costs associated with full-time laborers is to outsource work on an as-needed basis to independent contractors. While some charge higher wages, when you weigh in the costs involved with recruiting part and full-time staff, contractors tend to be more economical than employees.

A possible downside, on the other hand, is that independent contractors are inevitably less familiar with your business than your existing workforce. There are industry-specific networks such as MCT lock desk contracting platforms for mortgage bankers and automated receptionist options that make it easy to connect with individuals who are better acquainted with your niche.

It’s a smart idea to take an especially close look at credentials, job samples, and endorsements before entering into a contract with any potential outsourced staff. In the long term, recruiting the best independent contractors for your organization will save massive amounts of money.

4. Opt for a partially or fully-remote work setup

Because of the ongoing COVID-19 pandemic, many employees across the globe have shifted to a remote work environment, but some corporations claim that they will not be returning back to the workplace anytime soon. Currently, that will really add up to saving money on industrial real estate prices and services.

If you’re not ready to go totally remote you might consider our previous note about how allowing your workforce to work-from-home can cut down on outgoing operational costs while also keeping everyone safe from the spread.

Takeaways

The secret is out: it takes money to make money. But money well spent helps keep your company up and running, meaning you shouldn’t let your profit margins suffer. To help you mitigate your costs and maximize your bottom line this year, use these tips and tricks to get your costs in order.

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How To Avoid Defaulting On First Mortgage?

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So you have taken out your first mortgage and have begun paying for it. But now you find yourself in financial distress that makes it impossible for you to pay the loan installments. So the payments keep piling up and slowly you are on the verge of losing your mortgaged property. This is a nightmare scenario for any person who has taken out a mortgage loan. 

But if you follow some advice you can prevent such a situation from ever occurring. Want to know what that is? Then read on below: 

Tips For Preventing As Well As Dealing With Mortgage Defaults

  • Save in advance

Financial hardships can strike anytime and the best thing you can do is be prepared for it. As such it’s advised that you save up for future payments from your current earnings. At the very least have 2 months of loan repayment money stashed away. It will help you in uncertain times. 

  • Talk to your lender

Talk to your lender before doing anything once you are in financial distress. Know that no lender wants to take away your home. So if you talk to them, then you can extend your loan repayment duration or lower your monthly payments. Either way, it will prevent you from more stress and tension. 

  • Take a breath

If you find yourself missing a loan payment, it’s time to calm down. Don’t stress yourself. Tension and stress will simply make the situation worse for you. It will distract and frazzle you. The solution in such times is to calm down and look into ways to arrange the loan money. 

You can ask your friends and family for help or try getting a job that will allow you to pay off the loan and put food on the table. In dire situations, you can look into selling valuable possessions like gold. However, there is one thing you shouldn’t do in such situations- try getting more loans. It will simply make the situation worse for you. 

  • Cut back on expenses

If you find yourself falling back on payments, it’s time to look into other areas that are eating up a large chunk of your income. If you are dining out or going out more then lower the number of days you are going out. Note that even if you are going out, try to go to an inexpensive place. Apart from this, try cutting off cable if that’s an unnecessary expense. After all, little things will add up for your payments. 

If you have lost your job, then it’s time for figuring out your budget once more. Pay more attention to the mandatory expenses and less on luxury items you could do without till you get a new job. 

  • Rent a room

If you are in financial hardship, renting out a room or multiple ones could save you from getting kicked out into the streets by the bank. It might help you at least get your loan repayments made on time with some money even left for essentials. In short, it can tide you over till you get back up on your feet again. 

If you are distressed over the kind of person who will live in your home, then know that you have the power of choosing the tenant. Not to mention the fact that you will be able to enforce the rules for staying in your house.  Note that if you are going through times of financial hardships, don’t panic. Try to figure out possible ways to get money. But above all, talk to your lender and figure out a way to minimize your payments in the short term. It will help you breathe easy. 

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SPELLING ERRORS AFFECT BUSINESS – HOW TO OVERCOME THIS

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Have you ever experienced seeing or reviewing an advertisement with grammatical errors? As a business holder, we tend to hold the buyers but due to these silly mistakes, we lose the customers. It makes them think 100 times before purchasing anything. No one really wishes to offer their badly earned bucks to anyone who doesn’t have seemed to think enough to evaluate their copies for spelling. It is essential for managers to be conscious of environmental pitfalls, to improve from others’ mistakes, and to spend time to prevent flaws.

The medium of communication is verbal or written and it is composed of words that we use to make them compelling and reasonable. If the base is not strong in these titles then the business will surely fall down. However, people read or listen to the advertisements and then judge on the basis of the quality. The golden factor of this quality is a textual representation that must be of high class. 

If you wish to get grip on the words then you must have the knowledge of spellings that make up a quality sentence. For this purpose, there is a spelling test available to test your knowledge and get the result. 

Reasons to avoid grammatical mistakes:

There are numerous reasons that direct you to avoid any grammatical mistake in business write-ups. Some of these are mentioned below;

  1. First Impression has a strong impact on customers

You want to give a positive initial perception to your fans. You want not only to get their interest, but you want to win their esteem as well. Proper grammar, complete sentences, and the effective use of syntax would offer them more faith in interacting with the client (or the organization).

  1. Good Reputation is the base of returned customers

Similarly, a business that interacts simply and accurately is more inclined to obey buyers and suppliers. Using correct English will help preserve the integrity and prestige of your corporation as a competent, reputable brand that considers all its dealings with its clients and vendors as enormously important.

  1. Effective communication matters

It is possible that by handing them grammar errors to stay clear of, you are distracting your viewers from the message. Such mistakes also render the content difficult to understand. You wouldn’t like to confuse the minds of your viewer, specifically if you are attempting to get them to take some sort of action.

  1. Competitive Edge maintenance

Competition only comes where the base is strong. When your communication level and advertisement base will be of high quality then your firm will be a competitive edge. Buyers mostly trust those brands whose interaction quality is strong.

  1. Productivity increases:

Including group members, many organizations rely on written guidance (for example, reports or email messages). Right spelling and grammar will help the workers quickly identify your orders while preventing any uncertainty or disappointment about what is required of them.

The significance of perfect grammar in marketing communication is certainly that all businesses, irrespective of their size or the sector in which they work, should take into consideration. 

Using your machine, computer or mobile automotive components tool should be the first and most simple verification; however, you should not depend only on search engines to catch errors.

It is important to re-read your paper; ask an employee to assist, either do it yourself or better yet. It is always a smart option to get a fresh perspective to glance over what you’ve composed. The old traditional script and scale over a paper piece is still the easiest way to read and comprehend a report; other methods involve reading it sideways or voicing it softly.

Easy Tips to Review:

After you’ve done composing, going to take a break, and reviewing your work can also boost your capacity to identify errors. This requires adaptive spelling skills. It also gives the opportunity to refine it as you move forward, fixing terminology and sentence structure. For messages, where you don’t get a chance at making a successful first statement, this is extremely crucial.

  1. Never ever forward anything without giving a fresh pair of eyes or proofreading your write up.
  2. Don’t get multitasking work because it can cause grammatical errors. Writing any = paper requires full concentration.
  3. Review each and every terminology but after a while. Just take an hour because when you review after some time, you get a fresh mind.

Equivalently so, it makes perfect sense for workers in command of marketing interaction to be competent in their jobs. The required preparation and resources should be made available; there is also a range of blogs that provide guidance on written communication and can be directed to.
There’s a tool named spell quiz which offers a wide variety of tests to take. It also gives a report at the end of every test to make you aware of your mistakes. Visit SpellQuiz.com for more information.

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How JewelFlix is Changing Jewellery Business in India

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The internet has made shopping so easy for everyone that you can buy anything now at the click of a button. Until now, the Jewellery businesses have been very slow in catching up with the online shopping world. But now, it has been made so easy with just one idea which brought the Jewellery market online.

‘Tansh Jewels Private Limited.’, an already established jewellery firm came up with the idea of doing something which would change the entire industry, in both B2B and B2C. This included Customers, Jewellery Retailers, Wholesalers, and Manufacturers. The idea of “JewelFlix” quickly caught up with the Indian market among both Jewellers as well as consumers.

What Does JewelFlix Represent?

JewelFlix is an online jewellery marketplace where Jewellers from all around India would be able to showcase their products for the whole world to see. When Jewellers were made aware of this venture, they quickly associated with this idea. This was an opportunistic moment to extend their business visibility. From just a small city where they operated in a limited area to a broader reach across the nation. The sellers adopted this and experienced a boost in their sales as well as recognition of the brand on social media.

This exhibition of products was not the only feature of JewelFlix. But they also provided every associated jeweller with their own exclusive website and mobile application for Android and IOS. This allowed individual Jewellers to develop their own brand and customer loyalty.

For people, this online jewellery shopping store was a place to explore thousands of different and unique crafts of jewellers in India. Now people didn’t need to go from shop-to-shop to find that perfect piece of wedding necklace, ring, bracelet, or any jewellery item. They would just visit www.jewelflix.com and then choose among the hundreds of products listed. Each product has the specifications like weight, purity, metal, brand and various other details mentioned along with the photos of the exact product.

The Success at South Jewellery Show, Bengaluru

The event of South Jewellery Show held on 8th to 10th January 2021 in Bangalore was exclusively held for Jewellers all around India. This was a chance for already established jewellers as well as fresh-in-the-market jewellers to showcase their products among hundreds of other jewellers.

This event was a big occasion to network and develop new business relationships among Manufacturers, Wholesalers, as well as jewellery retailers. And it turned out to be a big success for JewelFlix as well since they were able to explain their services, features and benefits directly to the jewellers.

https://lh6.googleusercontent.com/upQEcFdOgYsAS88ELzpGwuAlGnXznf2jkIqW389c0CJN8RVYZcsCvQYmWtKkYtlSA2XL-4PhD8mTdp5yFs1jyZxY-IBJn7BDFYIFyWvvqJxSWEQhHOnrOOwQDsJspmEOkdh9MWaS

South Jewellery Show, Bangalore

With the aim to digitalise the jewellery industry and collaborate more than 5 lakh jewellers by contributing to creating a Digitalised nation. The Main agenda of JewelFlix is to render the best digital services to their customers by boosting their business online and making their dream come true.

What are the Main Reasons Jewellers Choose JewelFlix?

JewelFlix provides a global business platform to connect with top industry brands of retailers, wholesalers, and manufacturers. The continuous marketing for the associated brands on the website as well as on social media. This widens the range of business visibility and provides with more genuine leads. And one of the most liked and important features is the ability for each individual jeweller to market their own brand using the exclusive app and website.

These are the core benefits provided by JewelFlix and it is believed that more features and benefits are along the way on their platform for the Jewellers in India.

In conclusion, it can be said that JewelFlix is revolutionizing the online jewellery industry for businesses as well as consumers around India.

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Worry-Free Moving: A Downsizing Checklist for Seniors

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According to a survey conducted by TD Ameritrade, 42 percent of respondents said they plan to downsize in retirement.

It makes perfect sense. The kids have moved out of the house, and you no longer need the extra space. All those household tasks – cleaning, maintenance and repairs – that made sense when the house was fully occupied, don’t really make sense any longer. And the added money you spend on a large home could be better used by enjoying your retirement.

The process isn’t always easy, though. Letting go of the family home, and the lifetime of memories therein, can be emotional and laborious – especially if you go it alone. If you are considering downsizing your home (either for yourself or an elderly loved one), you can make the process easier with this checklist.

Talk with Loved Ones

Whether you’re the one downsizing or you are sparking a conversation with ageing loved ones, it’s wise to talk things out. To start, determine the reasons for downsizing: is it a financial decision, for health reasons, or are they looking to make a positive life change? Perhaps it’s all those reasons.

Getting to the root of why downsizing makes sense can help the process along. Next, talk about possible reservations you (or they) might have. Are you nervous about decluttering? Is there trepidation about the move itself? The more you define your reservations, the better you can address them.

Outline Criteria for Your New Home

Besides a smaller size, what are you looking for in a new home? Do you want to be closer to family? Are you craving a community of like-minded seniors? Do you require greater accessibility and fewer house responsibilities? Answering these questions will help guide you toward your perfect home.

Declutter

To set your downsizing adventure in motion, you will need to edit your belongings. For best results, call in the experts for this step. A professional downsizing company can help you declutter and organize your belongings. Working closely, compassionately and patiently with you, they will sort your belongings and spearhead the sale or donation of unwanted items.

Take Pictures

Take pictures of your old home, and if it helps, take photos of belongings you are giving away too. These reminders of the past can help ease the transition. They are an acknowledgement of the significance that your home had in your life, and you can even hang them in your new home as you get used to it.

Leave Move Day to Professionals

When moving day rolls around, you want to focus on bidding farewell to your old home and saying hello to the exciting new chapter of your life ahead. You don’t want to be bogged down with moving logistics and tasks. Look for a professional downsizing company that, in addition to offering decluttering services, offers end-to-end move management, taking care of truck rentals, elevator reservations, packing and unpacking. Leaving move day to the professionals takes a lot of the stress out of the process.

With a few candid conversations with loved ones, some proactive planning and the help of professional downsizing services, your move will be largely stress-free and positive. Now, all that’s left to do is enjoy your new home – and the money you saved along with it!

 

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