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The evolving social and digital media platforms and highly innovative and relevant payment capabilities are causing seismic changes in consumer behavior and creating equally disruptive opportunities for business.

Are you selling goods on international marketplaces? Or, perhaps, you’re considering it in the future?

If so, it pays to know how it can affect your profit margin resulting from the volatility of currency rates.

Though advantageous to your business, selling on international marketplaces comes with some challenges, if not difficulties, so to speak.

It has many grey areas which sellers seem to just take for granted.

Little do they know that it could make thousands of pounds worth of difference to their total earnings.

In order to keep you from experiencing the pains which many have had to endure in terms of their overseas payments, we consulted World First.

The UK-based company specialises in foreign exchange and how it affects internatiional money transfers.

After a lengthy conversation with them, here’s what we’ve managed to produce for you.

Monitor Exchange Rates

Most online marketplaces would automatically transfer funds to your bank account based on a fixed schedule.

That may seem beneficial on your part, but in reality it makes you vulnerable to the foreign exchange market, as payments to you are automatically converted to your local currency.

Through the conversion process, you lose a large amount of money resulting from the extra fees apart from volatile currency rates.

Exchange rates are constantly fluctuating, which can make a real difference to the final amount you bring home. Let’s take a look at an example of a UK-based vender selling into France.

Take for example the case of euro against the pound.

In the first quarter of 2016, the value of the euro to the pound was 0.7375, so for every euro the equivalent value in pounds was £0.74.

However, November saw the euro increase in value to 0.903.

The ever-changing currency rates don’t only make pricing your goods for international marketplaces a tedious task, they also leave you uncertain with your profits.

Don’t Pay More than You Should

The manner by which payments from overseas marketplaces are processed differ, depending on the marketplace that you’re selling on.

Some marketplaces would pay you through the bank, but others have a clear-cut process, which is more often than not beneficial to them rather than the sellers.

Before you agree to a marketplace’s payment method, ask them the overhead for fund transfer.

The reason for that is many of them may not ask for an upfront payment, but you will find out later that the exchange rate which they offered you comes with hidden, if not inexplicable, fees.

Did you know most marketplaces and banks can charge up to 4% for currency connversion without letting you know?

If you’re a third-party seller on Amazon, I bet you’ve come across the phrase, “All fees and charges related to your use of Amazon Currency Converter for Sellers are included in the exchange rate” in their international disbursement tool, Amazon Currency Converter for Sellers: .

Consult a Foreign Exchange Company

In order to receive the actual amount of payments for goods you’ve sold on international marketplaces, the best option for you is an expert in currency exchange and international payments such as World First.

Through them, you can have access to a free international receiving account which enables you to receive overseas payments in your country’s local currency.

By adding the account details to your seller account in whichever marketplace that you’re selling on, you will be able to receive your overseas payments based on the marketplace’s payment schedule.

You are free to decide when the transfer should be made since there is no currency conversion.

Because you need not pay any exchange rates, rest assured you get to bring home the actual earnings from the sales you made.

You may visit World First’s site to take advantage of their free rate alert service. Better yet, sign up with them to gain access to a free international receiving account.

Selling internationally is no doubt an opportunity which entrepreneurs like you shouldn’t miss, but it also comes with a lot of challenges.

However, being aware of the additional fees – whether declared or hidden – that come with the payments you receive from overseas marketplaces will spare you from losing hard-earned money.

Article Source: How to Manage Overseas Marketplace Payments

The digital age is transforming the way we interact with each other. But beyond that, it’s also changing the way we do business. Online networks like business websites and social media are increasingly becoming popular avenues to reach specific and general audiences.

While large firms have an entire team dedicated to managing their accounts, this doesn’t mean that small enterprises will start falling behind. The great thing about the World Wide Web is that it’s generally free for everyone to access.

Here are six of the most essential social media tips small businesses can use to their advantage:

1. Set Goals

Every business should have long-term plans it can follow as it goes along. Setting goals is a crucial first step in establishing your social media network.

As a small business, your goals will vary from, say, bigger corporations. But the good thing about it is that you will be able to have more concrete plans in both the long and short-term.

A few examples of long-term goals would be: business growth and network expansion. However, short-term goals will go along the lines of generating a certain number of leads, or reaching a set amount of sales.

Both these types of goals are important in establishing your business. Short-term goals are there as visible guides that you are moving towards a bigger picture – your long-term goals.

2. Brainstorm with Your Team

One of the best things about a small business is that you have an intimate relationship with your team. Establishing clos-knit and comfortable ties with colleagues is conducive to creative opportunities.

Make the most of your environment to generate ideas with your team. Plan brainstorming sessions. They don’t have to be formal at all. Pitching ideas to each other without the pressure of an extremely corporate setting may generate ideas great for an innovative digital media.

3. Proofread Content

However, despite the fun type of environment you may have, always make sure to double-check your final output. EssayOnTime content manager Belinda Richardson aptly points out, “Remember that you’re still running a business, and your brand tone and image must always be consistent.”

Proofread content with writing service such as Uk-dissertation, look at audience feedback, and make sure you’re generating the kind of material audiences want to see. A trendy social media network doesn’t always work if content isn’t up to the target group’s standard.

4. Survey the Audience

That said, determining your audience is the most important thing you need to do. This will serve as a guide in every action and content you churn out.

Once you’ve determined who you want to reach out to, conduct a survey, no matter how informal, to determine the audience’s wants and needs. You can then start to tailor your products or services to their demands.

5. Reach Out

Since we’re talking about social media, don’t forget to reach out to your target market. Keeping your items up for display work for a big firms, but small businesses constantly have to build brand awareness.

Engage the audience by giving out promos, sending appreciation packages for especially loyal customers, and encouraging them to tell their friends about it as well. Making people know that you value their loyalty is one step in ensuring a solid customer base through social media.

6. Make Use of Analytics

The numbers won’t lie – you can determine the satisfaction rate of customers through analytic tools that are available online.

Tools like Facebook Insights or Twitter Analytics can tell you how people are responding to your content. Tweak your output accordingly to how audiences respond.

With these tips, you can help generate brand awareness and eventually, sales and conversion, for your business. The road is long and not for the faint of heart, but it can be rewarding for the innovative and the determined.

Social Media Hasn’t Changed Marketing, So Be SMART

Marketing is the same as ever, it is just the marketing channels that has changed. The principles are still the same in that you manipulate people’s thoughts and actions based on what they see or hear. Use SMART on social media – Specific Measurable Attainable Relevant Time.

Many of the marketing tactics that still work within traditional media will work on social media, so long as you are using and adopting the correct channel and are targeting the correct audience.

 

Article Source: Essential Social Media Tips for Small Business

Radiate e Services are the name of a very well established and synchronized firm in the market. This sort of name and fame is not due to only brilliance possessed in the minds of workforce but in the overall approach. At every stage the employees strive to gain advantage in their respective field and this is why higher flow of growth is achieved at every particular stage. Gone are the days when people used to bank on the customary forms of work procedure but with the passage of time things have changed drastically.

All the changes that have taken place is the result of diligent work delivered by the firm. This is why most of the firms have started walking on the road related to digitization. Radiate e Services have not emulated any firm but have created their own mark in the world. With each time frame that is passing by the overall stature of the firm is increasing or growing rapidly. The name of Radiatee-Services is taken by the people in the market with lot of respect and confidence, that they have competence to finish XYZ project with lot of ease. The entire fleet of professionals works in a seamless manner to achieve the pre- assigned task by the concerned client. Out of the numerous forms of services being delivered by us SMO (Social Media Optimization) is the type or branch of service which has raised the position of Radite e Services in the market.

Some of the amazing benefits which will uplift your business and the website in the mist of clients are –

The augmentation of sales takes place plus SMO work is responsible which makes the compliance of customers to take place. Till the time effective methodology is not applied equally form of effective and concrete result is not formed.

The SMO team is the reason why the name and presence of your company not only gets noticed but plethora of opportunities is also brought to light. Not only the bridge related to connection between the prospective client is formed between the client and the

Unlike other players in the market, team of well skilled people in Radiate-Services is very concerned about the quality aspect. This is why the SMO Team posts very interesting Blogs and Articles at the concerned client’s website.

The time when Raidiate e Services had launched themselves into the market, the aim was very clear and imprinted in the minds of every member of the company. It was to become the Top SMO Company in Noida. Whenever a firm deals into providing service related to any XYZ work, and then it becomes very necessary that not even a single element is taken for granted. There is not even a single client from the pool of existing clients in the basket, who had doubts about the output to be released from the actions being delivered.

Many times it has been said that this firm does not carry the real weight because of which pristine form of work is conducted on a client’s website. Every now and then the company on their own gives formal training to their workforce and if more work is to be executed then they are also sent to the relevant places. Having said this, it has never happened that the work related to website does not pull either the product or website down. Other players in the market keep on struggling and this is why the relevant forms of work are conducted like –

The best form of tools in the SEO segment is used to upgrade the position of your website and the important services related to searches.

The gap between the client and the company is reduced every time either a new product is launched or the previous product is to be upgraded.

Overall branding of the website is done in a much synchronized manner and the proper linking is done to ensure that the flow of traffic is not reduced ever.

 

Article Source: Endless Provision of SMO services

There is an increase in the number of entrepreneurs globally. The basic requirement for any kind of business is space. But, rising populations have caused a scarcity of space. Humans have used their creativity to counter this problem of shortage of space.

The solution is sharing spaces. The concept of sharing office spaces by small businesses is gaining momentum.

Benefits of renting an office space:

1. The businessman does not need to invest in purchasing the office premises. He can use the money saved, on his business
2. The rental of the office space is lower than the price of real estate. So renting office space results in huge savings.
3. The businessman is able to set up an office in a location of his choice. He can locate his office in prime locations at minimal expense.
4. Many rented offices have the expenses towards utilities, maintenance, etc, included in the rent. Therefore the businessman can focus on his business instead of being concerned about trivial issues.
5. Sometimes the rented office spaces have all the furniture and facilities included in them. So, the businessman can immediately start operations. He saves time and efforts of setting up an office. He can devote this time to his business.
6. There is a wide variety of office spaces available for a businessman to choose from.
7. The businessman has the flexibility of time duration for which he occupies the space. He can move out if he wants to expand or close down his business. On the other hand, if he purchases a premise he is bound to it.
8. Finding an office space for rent is easy. This is because office spaces are listed on space listing websites. These can be accessed easily through the internet.

Types of office spaces:

1. Serviced Office Space:

This is an office space which could be a room or an entire floor. These offices are fully equipped and managed by a facilities management company. This type of an office is usually located in business district of large cities. The tenants are usually provided furniture, a shared receptionist, equipment such as photocopiers, printers, etc. This further reduces the investment of the business. Most serviced offices provide conference rooms/ meeting rooms. They also have air-conditioning/ heating facilities, full-time security,

2. Sharing Space within an Office:

Sometimes, an office owner may downsize or change the nature of the business activity. In such cases, the requirement of total office space may reduce. The owner could think of renting out this excess space to a small business enterprise.

3. Shared Desk Spaces:

This is a method of sharing unused desk space in an office. The owner of an office rents out unused desk spaces to entrepreneurs. This works out as a mutually beneficial arrangement for the owners of the space and the tenants. This is because the owner is able to generate an income out of desks that were lying idle. The businessman has an opportunity to get space in an established office to operate. Some owners provide their tenant’s facilities such as free Wi-Fi and usage of equipment such as photocopiers, printers, etc. The rental of a desk space is generally very low.

4. Co-Working:

This is a popular concept where independent business owners share space in a common area. It is beneficial for them as it helps them in networking. This is also an economical way of setting up an enterprise.

5. Hot Desking:

This is an arrangement for sharing office space, where the desk space is rented out to different tenants for different shifts. By renting out space in this manner, the owner is able to double his income.

6. Virtual Office Space:

This is another concept of working which gaining popularity. In this case, there are no physical office premises. The employees are connected in cyberspace. However, they require a professional address. Renting a virtual office space implies renting a professional address and phone number. Sometimes, a dedicated receptionist is also hired to answer phone calls on the number provided.

Most startups look for economical workspaces. Hence, renting an office space is one of the most popular ways of procuring office space for a business. However, when sharing an office space the owner of the space should be aware of the nature of business of his tenants/ tenant. Business activities of the tenant should be conducive to those of the owner. Due caution should be taken so that confidential information is not accessed by the other businesses. The businessman can select a space from the variety of spaces available. He can also establish an office in a prime location at a low cost. This helps him attract clients.

 

Article Source: The Trend of Sharing Office Space