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FAQs
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Is the CashBean app an instant personal loan a scam or legit?
It is not a scam, It is legit but Just because it says you will get 60K instantly..that’s not true.The most they will give you at the very start is somewhere around 1000–4000 only.I tried it, my credit score is 793 and NO MISSING PAYMENT / Default EVER! Salary is 79,000 and No current Loan.Still, I got only 3500rs Limit on the first time. Which I didn’t use because it was a JOKE! I believe that paying a combination of interest, processing fee and all are too much for such a small amount.I was referred by a Friend.That same friend who’s credit score is 714 and 55,000rs Salary got only 2500rs Limit of Loan on the first try!...So basically, you can use them as an INSTANT LOAN option for future urgent need but for that, you will also have to keep using it and HELP THEM. Read it again HELP THEM! EARN a lot of money in that Processing Fee and HIGH INTEREST before they offer you something as big as 60K!in conclusion: install it if you are desperate for that instant 1000–2000 cash loan and FINE with the Interest and processing fees.Please note ALL THE APP LOAN are doing the same thing, they will offer you BIG LOAN in their Online Advertisements and Text Msg but in reality, no matter how good your credit score is.. YOU WILL START WITH VERY LOW!only to help them Earn PROFIT first..before they actually allow your that so call HIGH CREDIT!Still better than using Credit Card though.
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What tools help E-Commerce websites demonstrate social proof?
Social proof is what psychologists, sociologists, and digital age marketers refer to as the consumer phenomenon of positive emotional influence. It is the idea that individuals are more likely to change their behavior and choice preferences in order to align more favorably with the behavior and choice preferences of their peers. This point was recently highlighted in a Nielsen report focusing on consumer trends. The report found that 83% of consumers surveyed from 60 countries around the world would trust personal recommendations over other forms of advertising.As the whole notion of social proof is (at its core) really just the process of building consumer trust in your brand, one great (but often overlooked) tool for trust building is the use of trust seals. Trust seals are symbols you can place on your landing page in order to help reassure potential consumers that their valuable information is secure and protected. Remember, most landing pages are offering potential consumers a mutually beneficial value exchange. That is, you are offering a product, service, or value driven information in exchange for a potential consumer's purchase or contact information.Trust seals are associated with secure socket layer, or SSL for short. This means that your website has been verified, and that there exists a secure transmission for customers to safely enter their sensitive information (such as credit card number and e-mail). How effective are trust seals? Well, a recent survey conducted by Matthew Niederberger on Actual Insights found that trust logos actually increased brand trustworthiness for over 75% of survey respondents. He also found that 61% of participants said that they had previously abandoned completing a purchase because trust logos were not present.Want to learn about social proof? Check out this recent blog post on the topic!Supercharge Your Landing Pages With Social Proof
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What do people in Kazakhstan think about the transition from Cyrillic to Latin script?
It is going to be a long read. But my goodness, Oscar Tay, my Quora hero, is following that question and upvoting each answer!I’ll try my best here.Ok, straight to the question:What do people in Kazakhstan think about the transition from Cyrillic to Latin script?Most people are indifferent. Kazakhstan is an authoritarian country. If the policy does not affect them personally, people will not give a lot of thought to it. Sadly or not, the new alphabet is not a top priority for most in Kazakhstan.Some people oppose it. Because transition is expensive. They believe that the money and attention shall be directed to more vital needs like health care or infrastructure. And given the corruption level in the country, most believe that this reform is made to make some “connected” people richer.Some support it. Their logic is simple if you are going to eventually do this reform one day. Better do it now. Otherwise, the costs of converting documents from Cyrillic to Latin will only accumulate. The later you do it, costlier it will be.Majority of supporters use nationalistic tone. Somehow, they believe that Latin script will make us closer to other Turkic nations and the West, and less close to Russia.Other opposers worry about the learning curve. Some older people may never learn it. They also concerned that the teachers who are not going to be proficient with the new script are going to be one who will teach it to the kids. How many people will have impaired proficiency with new script before reform starts to work properly?No doubt, it’s going to be bumpy all the way down. But is it worth it?My opinion:I support transition to standard Latin script. Why? Because Apple does not have built-in Kazakh keyboard in its products. There is only one app in Apple Store for external Kazakh keyboard. And when last time I used it, it was UGLY and SLOW.Sometimes lack of fancy fonts even for Russian language script depresses me. But Kazakh script fonts selection is nonexistent.Here is the problem. Kazakh script is based on Russian Cyrillic script. But because Kazakh language has sounds that Russian does not, Kazakh Cyrillic script has 9 letters in addition to 33 letters of Russian alphabet. It is basically a different alphabet, which needs to be installed to any gadget. And because there is low demand for Kazakh script, no one updates it. As a result, in this fast-changing technology world, we got rubbish support for Kazakh alphabet.Now imagine an ideal world. Kazakh language uses the standard 26 letter English alphabet. You can write in Kazakh in any gadget in the world. Don’t need to seek and install additional app or driver anymore. You have the hugest selection of font types so your presentation or design booklet could rock.Turns out…there is no ideal world. And, there is no ideal way to transit to Latin script.Implementation:In September 2017 without any prior public discussion, the new Kazakh alphabet based on Latin script was introduced to the public. For several months the debate over the new alphabet was the most discussed topic on my Facebook feed.As it turned out, the President had the same ideal vision as me. It was his order to use the standard English alphabet. The only exception, they dropped letter X in a new alphabet, because there was no use for it. But it is ok, you use the same standard keyboard, just don’t use one letter.Great, isn’t it?Well, it is not that simple…The problem is: before you had 42 letters, and now only 25. English Latin script just does not have enough letters to accommodate every sound of Kazakh language with an individual letter. The proposed solution was to use digraphs.Before I continue, you have to understand something about authoritarian countries. As people don’t oppose the rulers directly, to show its opposition people use sarcasm and mockery. They mock everything the government does. And since the implementation of new alphabet was not ideal, it was mocked in a hard way.The problem number one:The way some “useless” letters were used for sounds that are not present in Latin script. For example, letter W was used for the vowel sound you hear in English word “moon”. But it was counter-intuitive to use a “consonant” letter W for a vowel. To understand what I mean try to read moon written as MWN.Another case, letter J was used for the sound you hear in word iPhone [ˈaɪˌfoʊn], that [i] sound that goes after [a] and before [foʊn].The combination of sounds [ai] in iPhone, means moon in Kazakh. And this sound is the most popular “block” for names in Kazakhstan. Names like MoonBeauty, MoonBe, MoonFlower, and many other countless combinations of “Moons” are so common that we have a popular joke about the iPhone and the girls whose name starts with the sound [ai]. And now, all those people found out that they need to use consonant letter J in their name from now on. It was at least, to put it mildly, counter-intuitive and not elegant. It is like to say “IPHONE” but to write it “JPHONE”. Or to say “HI” but to write it “HJ”. Or instead of Michael - you now will spell your name as Mjchael.The second problem:Before we used one letter for one sound. Now we changed it to two letters for some sounds. It can be hard to adjust to it, especially if the vowel sound is a combination of two other vowel letters. It is always easier to use Ә than the combination of letters A and E.My daughter name Leila in a new alphabet became Laejlae:Saebiz (carrot)- became the most mocking word in Kazakh written in Latin Script. One Restaurant in Almaty was even named Saebiz:Finally:Kazakh is agglutinative language. Some words with the digraphs can be very messy. My name in Kazakh Cyrillic script is: Шыңғыс - in Latin will be Shyngghys, already 3 letters or 50% more.Now add to my name possesive ’s (English equivalent of - Michael’s), make it plural (many Michaels) and add preposition to (to Michael) and we got Shyngghystynglargha. Ok, you lost me, somewhere between “ngghyst”.Just for fun, look at this Kazakh word in Latin script: Qanaghattandyrylmaghandyqtaryngyzdan.What are the solutions that people suggested:Instead of digraphs use one letter for different sounds. For example letter, A can be read in one instance as a hard A and in other times as a soft A. The same approach can be used for G,O, N, U. But how do you know when to use what?The short answer is context.Vowel Harmony, another feature of Kazakh language, can also help. In Kazakh hard sounds always go together, the same is true for soft sounds. If you know that the first sound is hard K, then you know that all other letters shall be hard as well.Another solution could be to use the Turkish alphabet, instead of the standard 26 letter English alphabet. It will help with letters like hard G and soft G, or S and SH. And as Turkey is a much larger country than Kazakhstan, you may not worry about its keyboard support.On the other hand, Turkish alphabet still doesn’t have the letters for all Kazakh sounds. For example there is no soft A.The same is true for Finnish, German, French or any other Latin script.Second proposal:In October 2017, after one month of the initial proposal, the Government introduced the second variant for Kazakh Latin script:New alphabet dismissed digraphs. Instead, it used apostrophe ’ sign to differentiate between the similar sounds. K is for soft K, while K’ is for hard K. S is for S, while S’ is for SH.Seems great solution at first sight. Easy to understand, and you can still use the standard English script that is available in any computer.But it turned out to be even less practical than the first proposal. Too many apostrophes can be hard to perceive:The city Shu, in alphabet became S’Y’:But the largest obstacle for apostrophe usage was technological. Computers do not consider apostrophe as a letter. You cannot use it in google search, for web pages URL or for hashtags. Even if I wanted to create my personal web-page with the domain myname dot kz:http://S’yn’g’ys.kz(yeah that’s my name in apostrophe variant of Latin script), I wouldn’t be able to do it.Finally, in February 2018, without any further discussion, the third and last version of Kazakh Latin alphabet was introduced and adopted:Latin script tailored for the Kazakh language. One letter - one sound. No digraphs (except of Sh and Ch) or apostrophes anymore. Great, yes?Again my opinion:I have to admit the latest adopted alphabet is more convenient than the first two proposed. But it killed the reason why I supported it in the first place. At the end of the day, we are back to where we were before, the alphabet that is used only in Kazakhstan. That means no cool fonts, no updates by Apple and you have to install Kazakh keyboard every time you buy a new gadget. And there is no guarantee that Kazakh keyboard will exist for that particular gadget.Given all the troubles of adjusting to the new alphabet and no obvious benefits from it, I find hard to understand if we need it at all.My final thoughts:The real problem I have with the adoption of Latin Script, is that we as a country has failed to use any scientific approach in the process. We could, for example, run statistical analysis on how people already using Latin script in messengers. Because they do. As I said before Apple doesn’t have built-in keyboard in iPhones, and people usually write to each other in Kazakh using Latin script. We could find out a ton of interesting data on how people write and perceive in Kazakh using Latin script based on available info.I am not a scientist nor a linguist, but I am sure there are tons of analysis we could do that could have been helpful in developing a new alphabet.It’s sad we didn’t. But as they say in Kazakhstan, “everything will be Saebiz”.
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What are the simple and easy steps to sell on MercadoLibre?
MercadoLibre is an Argentinean online marketplace and Latin America’s number one e-commerce site. It is currently present in 13 countries, including Argentina, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Mexico, Ecuador, Peru, Panama, Portugal, Uruguay, and Venezuela. After eBay marketplace acquired 19.5% of MercadoLibre back in 2001, the marketplace became eBay’s exclusive partner for the Latin American region.By the end of 2014, MercadoLibre reported a net revenue of $557 million, gross merchandise volume of $7.1 billion, enjoyed more than 121 million registered users and sold over 100 million items. Today, over 155,000 people make a living from selling on MercadoLibre, and more than 28% of Latin America’s internet users access the site every month.Steps to create a seller account:Sign up on the MercadoLibre merchant account:In order to persist with MercadoLibre's services, you need to sign up; if you click on the "Regístrate" (Sign up) button, you would get a simple form that will authorize you to activate your account and get a particular username and password.Get familiar with the homepage:Once you have proceeded with the signed up, it is important for you to get some time to get habitual to the page's structure, options, etc so that you can easily interact with the platform.Select the "Vendor" (Sell) option:If you desire to post on MercadoLibre, you should click on the "Vendor" option positioned in the upper right part of the homepage. This will drive you to a listing of choices you can use to identify your product.Choose the type of product:First of all, you should determine the kind of product that you want to market.MercadoLibre offers four options:Vehículos (Vehicles)Inmuebles (Real estate)Servicios (Services)Productos/Otros (Products/other).5. Define the category:Once you have chosen the sort of product, you should define the identical category. MercadoLibre offers a complete list of sections that will help you to find a simple way to post your product.This way, your product will be presented in the best conceivable way according to the platform's search criteria.6. Describe the product:When you go to this point, you will have the option of uploading photos of the product, as well as adding its entire description, title, and subheading.The more complete the information about the product, the easier it will be for the customer to identify the product.7. Provide important information:You should provide relevant information about your location: state/province, street, number, coverage zone, etc., as well as necessary contact information, such as your phone number, e-mail, and website.Finally, you should post the price of the product. If you are unsure of the price, you can use the "A convener" (To be agreed) option that will give you more flexibility when negotiating the final price.8. Select the edition type:The final step in order to finish posting on Mercadolibre ought to do with the variety of publication, which will define the exposure that your product will display on the platform.There are 5 publication types:Oro Premium: The immense level of exposure with many promoting advantages. It is not free.Oro: Less effective version of the antecedent, but still has great exposure for the product. It is not free.Plata: In this case, the product gets half the display balanced to the previous options. It is not free.Bronce: This type of publication gives the product low representation. It is free.Gratuita: The lowest level of advertising, products are found at the end of the list.9. Confirm:Lastly, confirm the method and you will have posted your primary product on the MercadoLibre platform.Key Points to keep in Mind before you get started:Here are a few points that you need to keep in mind prior to proceeding on MercadoLibre Cross-Border Trade:You want to be a US-based seller with a US banking account.You should be proficient to ship your products to MercadoLibre CBT warehouse in the US: MercadoLibre CBT meets all shipments to Latin America from their warehouse in the US. The package should appear at the US warehouse within five days after purchase to avoid long shipping times to the buyer.You need to be able to print presented DHL label for orders that you will use MercadoLibre’s DHL account for shipping straight to the purchaser.Be answerable to buyers' questions: MercadoLibre CBT offers a means to reply to listing and order problems in English, Spanish, or Portuguese.Offer competitive product prices: You will have to transfer your US goods prices and domestic shipping cost to MercadoLibre CBT. MercadoLibre Cross-Border Trade alongside appends extra figures like listing fees, customs, appropriation taxes and international shipping to the price and lists the result (merchant price, US residential shipping cost, duties & taxes, global shipping cost, MercadoLibre price) as the amount customers have to dispense on MercadoLibre marketplaces.Once you have signed up with MercadoLibre seller account further CedCommerce provide Integration with various frameworks like Magento, Magento 2, WooCommerce and many more frameworks which you can choose accordingly to your business.Beside our, integration CedCommerce provides various free services like Complete Installation and Configuration, Free support and Lifetime free upgrades for our extensions.CedCommerce is an ISO Certified and Winner of Deloitte Fast 50 India. It has 10,000+ satisfied clients and 800+ products. It is an Official Channel Partner of Walmart, Sears, Newegg, Tophatter, Fruugo, ManoMano, BestBuy Canada, ShipStation, and 71lbs.Need Help?Just get connected with us:On Skype ChatOn Instant ChatDrop an Email
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Is Amazon FBA truly a business that one person can be successful at, or is it over-saturated now?
This is the perfect scenario to apply the term "when everyone else zigs, zag". You've already identified that all all the Amazon FBA Gurus out there seem to be pushing the same get-rich-quick strategy. It's easy to conclude that many people will start selling the same products and using the same techniques as everyone else. The current trend is private labelling, using Amazon FBA. The common process outlined in these courses/info products is:Identify high-selling products using BSR (best seller rank), triangulate this with competitiveness of other players by looking at the number of reviews. Only consider selling products which are lightweight, not breakable, within a certain price range, and have mass-market appeal.Find a manufacturer in China using Alibaba. Make some small changes to an existing product that they already make, such as color, to 'differentiate' your product.Import and sell the product via FBA.Obviously this is a simplification of the process, but I outline it here to point out that most of the "goldrush" that's currently happening is by people following this process. So why not think outside the box and try things that others are not?Instead of looking at Chinese factories on Alibaba, why not look at manufacturers in a country other than China who can make you something different? And, as an added benefit, avoid having your product ripped off by your Chinese manufacturer. Instead of only considering small & light products, why not look at items which are larger, more complicated, and heavy? Those can still be very profitable, but most other people are scared of selling them.Ellen who also answered this question pointed out that she is a manufacturer. Making your own product is different to what most people are doing. Instead of looking only at mass-market consumer products that millions of people use everyday, why not look at un-sexy niches like industrial products or medical durable goods? I bet you that most people don't think of those when dreaming up what private label product to sell. But those are billion dollar industries with low price elasticity.Is there an Amazon FBA goldrush? Certainly. Will those sellers who are creating basic, "me-too" private label products using the same methodology as everyone else going to have a sustainable business to run in a few years? Unlikely. Even more reason to dance to the beat of your own drum. If you actually contribute something valuable and unique in the marketplace, people will respond. Good luck!
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What is the best multivendor ecommerce marketplace solution for Indian startups?
To build any eCommerce marketplace website, one has to consider few important things before starting the project. Let me guide you through these steps.Choosing the right methodology?1)You can either work on any one of the existing eCommerce platforms like Magento, Shopify, WooCommerce, etc and customize it according to your business requirements.2)Or you can build one from scratch, but that would require a lot of time, planning and investment.You can go with the second option if you think you have the time, money and patience required for this development process.Or else you can just choose from a wide range of ready-made eCommerce solutions already available in the market. This process is relatively easier for creating Indian multivendor marketplaces as it is quite affordable and less time consuming as you just have to select and integrate specific modules in your store.First, you’ll have to select an eCommerce platform which will be the base of your online store. All other features and functionalities will be achieved by integrating appropriate extensions and addons to this very platform.Why Magento 2?Magento is one of the most popular open source eCommerce platform in the world today powering companies like Coca-Cola, Foxconnect, Ford, Olympus, Vizio, Nestle Nespresso. It has a very large and active community of developers who are constantly designing new plugins and extensions for every single aspect of an online e-commerce.One can easily create an online store just by configuring the database and installing Magento on a server. But that online store isn’t a marketplace yet.Magento is a single seller e-commerce platform by default. But being open-source it comes with the huge advantage of being highly customizable and came be easily extended or tweaked with changing trends or requirements.Now to transform your single seller online store into a multi-seller marketplace you’ll need to install an extension that would provide such functionality.Just like eCommerce platforms there are various marketplace extension available in the market too.With so many third-party Magento multi-vendor marketplace extensions available in the market, choosing the one that best satisfies your current requirement while leaving room for future scalability and customization, is not an easy task.So I would advise you to go through this great article where a detailed comparison of most popular multi-vendor marketplace extension have been made not only on the basis of price, features, GUI but also after sales services, extendibility and it’s future prospects towards m-commerce.The comparison has been made amongst the established names in Multi-Vendor Marketplace extension development companies for Magento including those of Webkul, VnEcoms, CedCommerce, Apptha and Creative Mind.Of all the above-mentioned names, CedCommerce marketplace extension tops the list with its unique set of features which is available at very low cost. So anyone can start his own online multi vendor marketplace without spending a huge amount.Now let’s check how it all works.After successful installation of the marketplace extension, a new option of Marketplace will appear in your admin panel menu from where you can access all the vendors registered on your store along with their products, orders, and configurations.A dedicated vendor login tab would appear on your website from where sellers can sign in and register their shops.Clicking the “I am a Vendor” tab, will redirect to a new page where sellers can either login or sign up.Sign up page can be customised as per the requirements with a variety of options like drop down, multi select, text area and even file or image inputs to get more details from your vendors.On sign up, seller’s account status will initially be pending by default and now the administrator(store operator) has full authority to approve, disapprove or delete a vendor and his products and even enable/disable his shop from the website.Only those vendors whose account has been approved by the administrator can login as a vendor and access their dedicated vendor panel.Sellers can perform following tasks from their dedicated panel:View analytical sales report from dashboard.View and edit his profile.Add new products to the catalogue.Manage products in inventory.View his orders and their current status.View allowed logistics services and payment modes.View transaction history.Send request to the administrator for any payment due.Customers can view all the sellers on your website and browse their products from their dedicated shop in Marketplace.The store owner can set either fixed or percentage based commission on each sale of vendor’s products from vendor configurations.All customer payments first go to the administrator’s account, which he then further transfers it to his seller’s account after deducting the commission.As you can see how anyone can easily create a fully functioning online multi vendor marketplace without much investment.Since it the basic version of marketplace extension, it will obviously have some limitations. For example, vendors cannot process their orders like creating an invoice, generating shipment and handling refunds. They can’t create all types of products allowed in magento nor can they create custom product attributes like t-shirt color and size.To use these advanced features you’ll have to integrate further extensions and addons to your store that has been specifically designed to serve that purpose. For starters, you can go with the Marketplace Platinum package which comes with nine additional addons which are essential for any multivendor marketplace and that too at a discount price. The Platinum package will add following functionalities to your multivendor marketplace:Features for store administrator:Set commission based on product type, category and vendor group.Assign products to his co-sellers from the master catalog.Assign multiple shipping/logistic opotions to his sellers.Customers can rate and review vendors according to their service.Features for co-sellers:Process whole orders all by themselves.Create all six default types of products available in Magento.Create custom attributes for their products.Login from their social media account.Choose from multiple shipping methods.The Marketplace Platinum Package contains the following addons:1)Vendor Product addon: allows vendors to add all the default Magento product types with advanced features like cross-sell, up-sell, etc2)Vendor Order addon: allows vendors to manage their orders, create invoices, shipment and credit memos.3)Vendor Commission addon: allows store owners to set miscellaneous conditional commission for each sale of vendor's product.4)Vendor Multishipping addon: allows vendors to set specific shipping methods allowed for their products.5)Vendor Shipping addon: integrates any shipping method of your choice for vendor's products.6)Vendor Review And Rating addon: allows customers to write review and rate vendors.7)Vendor Product Assignment addon: allows the store owner to assign his products to a particular vendor.8)Vendor Product Attribute addon: allows vendors to create a unique attribute set for their products.9)Vendor Social Login addon: allows your vendors to log in to your store through their social media accounts like facebook, google, tweeter, Linkedin, etcThis extension is highly responsive and is compatible with all browsers and devices including PCs, tabs and mobile.If you’re looking for a more feature rich marketplace website you can check the Advance Marketplace Package that will provide you plenty of modular features at half the price.Moreover, you are not just limited to an online store where one can only sell and buy physical products.You can sell digital products like music, ebooks, gym subscriptions, etc.You and your sellers can add their products for auction.Facilitate Business-to-Business(B2B) Services like bulk purchasing, request for quotation and quick purchasing.And besides products, you can also integrate Booking Systems like hotel booking, movies/events booking, appointment booking and rental systems.Here are a few of the many e-commerce marketplace solutions that you can create with just these modules and also publish an app on playstore and appstore with.Moreover, you can browse the wide array of extensions and addons for Magento from CedCommerce website and choose the one that best suits your business requirements.You can contact us for any query regarding multivendor marketplace solutions and customization.
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What are some potential low-cost businesses that can be started and operated by a teenager? I have $1000 to work with. I am an E
WARNING!: This answer is very technical and not advised to be read by folks looking to make a quick buck or get rich quick.Here’s the thing kid, none of us know jack crap about what you should spend your time doing in building a low cost business.There are literally 10000s of low cost business options.I’d rather teach you the principles of building a low cost business. Then you can plug in any idea on top of it.Once you know the principles of building a low cost business virtually any business idea you dream up follows the same principles. They will not teach you this stuff in high school.The idea isn’t as important as the foundational principles. Think of it as a gaming console. You can have the latest and greatest game that people want to buy but if you don’t have a good operating system to control the game then you’re dead in the water.Operating System first then amazing idea:You need to understand how to build an operating system for your low cost business that is sustainable and scalable.There is no Grand Theft Auto without PlayStation and Xbox.There is no lemonade stand without supply, demand, capital, price, and labor.Some definitions:Supply: Amount of product or service providers in a market place.Demand: Customer wants problem or solution and will pay money for it.Capital: The value of assets either in raw goods for products and the brain power of the people making the product or providing the service.Price: The amount of cash a customer will give you for your product or service.Labor: The time it takes for people to build your product or provide your service.Supply and Demand:Most people mix up the order of Supply and Demand. It should be Demand and Supply.Lawn care services have high demand. The supply of lawn care labor is high and therefore the price you can demand will be low.High Demand + High Supply = Lower Prices.The capital required for lawn care services are pretty high.Truck: $15,000 (Decent truck with ok miles)Mowers (Commercial Grade): $1000Weed eaters and blowers (Commercial Grade): $500Ooops lawn care business capital exceeds $1000 in capital.Understanding the Demand + Supply + Capital + Price + Labor formula is the key in understanding where to spend your time and effort.First: Figure out what types of work you’re most interested in. If you have a knack for fixing stuff then start a business centered around fixing stuff.Second: Apply the Economic Formula to the work you’re most interested in and see if there is a demand.Look for an opportunity that gives you this formula:High Demand + Low Supply = Higher PricesLow Capital + Low Labor = Higher Return on InvestmentIf it takes you $10,000 in capital and 100 labor hours at $25 per hour to make $2500 then you will go out of business. People do it all of the time.High Capital + High Labor Costs = Lower return on investment or profit margin.Tesla = High Capital + High Labor Costs = -14% net profit. (Real numbers from their last quarterly income report)Gas Car Market: High Demand + High Supply = Lower priceElectric Car Market: Low Demand + Low Supply = High PriceWhen there is low supply of something the price is high. If there is low demand and low supply you run an unprofitable business. Elon Musk is the only dude I know who has had a negative net company and he get’s lauded as a rockstar.Now you see why Tesla is trying to get a $35K car to market.Facebook = Low Capital + Low Labor Costs = 40% NET PROFIT. It’s crazy!Marketing to 2 Billion people: High Demand + Low Supply = HIGH prices.Facebook and Google are the only two companies than can supply advertising power to billions of people. Now do you see why they’re making so much money?To sum up:Look for High Demand and Low Supply markets to exploit. It’s very difficult I know.Until you find that market niche at least look for High Demand markets with high supply. Your prices will be lower but that’s ok you’re learning the most important fundamental principle in business and that’s understanding what’s in high demand.Don’t believe the bull crappers that tell you that you can “create” demand.Steve Jobs didn’t “create” demand with iPods and smart phones. A music player was already in demand. Phones and music players have been in demand for 150 years. Steve just did it better than everybody else.Look around you and see what’s in demand! The rest is simple math that you can fill out on a Google spreadsheet.
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What are the best practices in creating a landing page?
You need to have a page that delivers the right offer, in the right format, to the right audience, at the right time, and compels them to take action.To break it down further…The right offer - Your offer is everything! It’s the reason people are on the page in the first place. It’s the reason you created the landing page! So make sure it’s a good one. A “weak” offer is “subscribe to our email list.” A strong offer is “get instant access to our library of 25 video training lessons and learn how to build widgets 2x faster!” You get the idea.The right format - Not everyone is a reader. If your page is just blocks of text, you’ll lose a lot of people. Make sure to include images, and even video if possible. Create an information hierarchy to your page. Make it flow. Give it some flair. And make it crystal clear (big headlines, simple descriptions, smart use of color and space). Oh, and if your traffic source is mostly mobile, don’t forget about optimizing the mobile experience!The right audience - Who are you creating your page for? This matters just as much as what the page looks like. Different audiences need different persuasion elements. If it’s an audience that is new to your brand, show them what you do. Build trust with them first. The more you can personalize a page to the specific needs of a target audience, the greater your chances for success.The right time - Timing is key. You don’t want to send cold traffic to a page that is asking them to make a big purchase on the spot. You need to align all of the elements above with the specific “buyer’s journey” or funnel stage your audience is in when they get to your page.Take action - Your page is not complete without a compelling call-to-action. This is where you ask your audience to do something, whether it be fill out a form, pick up the phone, or purchase a product or service.Good luck!
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