The Startup Magazine |
- Cryptocurrency Investing Guidelines
- Miami’s Cloud Summit offers founders fresh opportunities to scale globally
- Tips for Investing in Startups: 4 Risks & Rewards
- 5 Best Pricing Strategies for Amazon Sellers
- What is Growth Financing (and How Much Can You Expect to Receive?)
- Deducing the costs associated with appointing a personal injury lawyer
| Cryptocurrency Investing Guidelines Posted: 30 Mar 2022 08:43 AM PDT  Cryptocurrency is a digital or virtual currency that uses cryptography to secure its transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, created in 2009, was the first cryptocurrency. Today, there are more than 1,000 different cryptocurrencies in circulation, with a total market value of over $200 billion. Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services. There are many cryptocurrencies such as teslacoin that are becoming profitable for their traders.
Now that you know the basics of crypto investing, it's time to learn some more specific tips. Here are a few cryptocurrency investing guidelines to help you get started: 1. Do your researchBefore investing in any cryptocurrency, it's important to do your research and understand what you're getting into. Learn about the project, the team behind it, and the technology they're using. Make sure you understand the risks and potential rewards involved in investing in a particular coin. 2. Diversify your portfolioDon't put all your eggs in one basket. When investing in crypto, it's important to spread your money around and invest in a variety of different coins. This will help protect you from price swings and reduce the risk of losing your entire investment. 3. Stay up to date with news and trendsCryptocurrencies are constantly evolving, so it's important to stay up to date with the latest news and trends. Watch for new developments in the industry, upcoming partnerships, and regulatory changes. By staying informed, you can make better investment decisions and avoid getting caught off guard by sudden price swings. 4. Use a safe walletWhen storing your cryptocurrencies, it's important to use a safe and secure wallet. There are many different types of wallets available, so be sure to choose one that fits your needs. Some wallets are better for long-term storage, while others are better for day-to-day use. 5. Be patientCryptocurrencies are volatile and can experience large price swings over short periods of time. Don't panic if the value of your investment drops suddenly – this is to be expected in the crypto world. Instead, stay calm and hold on to your coins. Over time, prices will stabilize and you will likely see a return on your investment. By following these guidelines, you can increase your chances of success in the world of crypto investing. Remember to always do your own research and never invest more than you can afford to lose. The right time to Invest in CryptocurrencyIf you have been thinking of investing in cryptocurrency, now may be the right time to do so. Cryptocurrencies have been on the rise in value lately, and many experts believe that they will only continue to increase in value over time. So if you want to benefit from this trend, it is important to invest sooner rather than later. Of course, it is important to do your research before investing in any type of cryptocurrency. There are a lot of different coins out there, and not all of them are worth investing in. So make sure you know what you're getting into before putting any money into a particular coin. But if you do your research and invest wisely, there is a good chance that you will see a healthy return on your investment. So don't wait any longer – start investing in cryptocurrency today! Benefits of Investing in CryptocurrencyThere are many reasons why you should consider investing in cryptocurrency. Some of the benefits include:
If you are thinking of investing in cryptocurrency, be sure to do your research first and follow these cryptocurrency investing guidelines. There are many different currencies available, so make sure you select one that is right for you. And remember, as, with any investment, there is always some risk involved. But with proper planning and due diligence, cryptocurrency can be a wise investment choice. The post Cryptocurrency Investing Guidelines appeared first on The Startup Magazine. |
| Miami’s Cloud Summit offers founders fresh opportunities to scale globally Posted: 30 Mar 2022 08:30 AM PDT  As Miami aims to compete with NYC as a startup capital, it’s simultaneously earning another title: "the capital of cloud." And as the internet shifts gears into Web3, founders in The Magic City working to find novel ways to monetize everything from attention to color will be pleased to know that they have the continued support of the biggest industry players. Startup founders eager to establish a multi-cloud strategy focused on minimizing the harmful effect of data breaches, shore up their cybersecurity frameworks with novel tech, and harness powerful new insights gleaned from their data should look at the return of Ingram Micro Cloud's Cloud Summit '22 in Miami Beach this May. Following a two-year hiatus, this year's summit about A Future of Even More looks to bring in more than 1,600 expected attendees. The average growth rate for Cloud Summit attendees from the previous year was estimated at 25% by Ingram Micro, and this year's full lineup of growth-centric topics will be held between May 17th to 19th. Megan Smith, the first female CTO of the United States of America under President Barack Obama from 2014 to 2017, and Admiral William H. McRaven, the architect of the daring raid that killed Osama Bin Laden, are just two of the keynote speakers. To fully capture and immerse in the vibrant Miami Beach scene, Cloud Summit '22 will also host guests at several after-hours events including a performance by Gipsy Kings, and fireworks displays at the Kimpton Surfcomber and SLS hotels.
The post Miami's Cloud Summit offers founders fresh opportunities to scale globally appeared first on The Startup Magazine. |
| Tips for Investing in Startups: 4 Risks & Rewards Posted: 30 Mar 2022 08:23 AM PDT  Startups represent an appealing prospect for a lot of investors, with the promise of an early injection of cash paying out in a big way if a business is catapulted to sustainable success over the ensuing months and years. Of course with the promise of such significant rewards, there are also intimidating risks to take into account, and realities for investors to accept before they go all-in.  Photo by RODNAE Productions from Pexels Here are some startup investing tips and the main factors at play, both positive and negative, when investing in startups which should help you make the right decision for you. The statistics don't lieWhen it comes to determining which investments have the best returns, there's no question that startups can surpass other opportunities, at least in theory. However, while you might make back tens or even hundreds of times your initial investment if you get in at the ground floor, you also have to accept that the statistics are against you. On average, each year 9 out of every 10 new businesses fail, which makes it sound like this is simply not an investment that's worth the risk. Of course this is why a lot of investors choose to hedge their bets and avoid having to make the tricky decisions regarding which startups to back themselves by putting their money into angel investment or venture capital (VC) funds. A degree of diversification can go a long way to protecting you from startup failures. A good business plan and positive projections should provide confidenceInvesting in startups doesn't have to be as much of a gamble as you might think; it's all about ignoring the hype and instead letting the underpinnings of the organization, and any performance figures and projections for future revenues, do the talking. A well constructed business plan, which not only shows ambition, but demonstrates that the founders have an understanding of the market pressures they have to overcome and the kinds of customers they are hoping to win, is a must. Likewise even if a startup hasn't yet achieved a profit, you can be more certain of its eventual ascent to profitability if previous revenues and forward-looking estimates are going in the right direction. Timing is crucialAnother element that can be used to limit risk as well as increase reward when investing in a fledgling firm is the time you choose to strike. Get involved too soon, and you might not have enough information to know whether or not a business has a decent chance of surviving in the mid to long term. Wait too long, and the size of the stake you can afford will be diminished, and your ability to earn mouthwatering returns will evaporate. Independent investors have to get used to the idea that the only people who usually manage to make very early investments in startups, providing the seed money, are the friends and family members of the founders, and of course the founders themselves. And indeed even though this group stands to benefit most if the startup succeeds, they also take the biggest risks, even before angel investors, so it's not necessarily an enviable position. Rigorous research is your responsibilityLast of all, don't let the pitch material of the startup's founders sway you and sell you on a project without doing your own due diligence. Researching the market and aiming to scrutinize any claims made about the viability of the business being proposed to you will make sure that you don't go into an investment arrangement with rose tinted spectacles. Furthermore, if you don't understand what a business does, then there's a good chance that others won't either, so aim to invest in organizations and industries that you know a bit about already. The post Tips for Investing in Startups: 4 Risks & Rewards appeared first on The Startup Magazine. |
| 5 Best Pricing Strategies for Amazon Sellers Posted: 30 Mar 2022 08:00 AM PDT  Strategic pricing is crucial to success when selling through Amazon. The competitors are fierce, and any pricing error could cost you a lot of money. With that in mind, the most straightforward pricing strategy is first to comprehend your economic and sales objectives, your target market, and your expenses and fixed costs. The goal with the best Amazon price strategy is to establish prices that will still be close to your competitors while yielding a profit.
You’ll first need to determine the highest and lowest pricing you can provide and then come up with an average cost that will not only make you money but help you strengthen your position on the Amazon market. Once you’ve determined your product’s price range, the dynamic pricing approach is one of the most important tactics to use on Amazon. So let’s start with that, and then we’ll move on to other pricing strategies for Amazon sellers. 1. Dynamic Pricing StrategyIn Amazon’s dynamic pricing technique, the pricing of products isn’t constant. Instead, it fluctuates frequently depending on market trends, supply and demand, and competitor prices. With so many consumers and retailers on Amazon, dynamic pricing becomes complicated. Prices might vary throughout a single day depending on what’s happening with certain products on that particular day. Every two minutes, Amazon checks the prices of its products, and if you don’t reprice, you’re likely to fall behind in the competition for customers. If you want to stay in the game, an Amazon repricer is a must-have. There’s no way you’ll be able to handle everything manually. This is a platform where every product has multiple competitors for consumers to choose from and compare. Naturally, buyers are unlikely to choose higher-priced goods when a cheaper equivalent or equal product is available. Sellers can ensure that they are in the best position to provide competitive rates and capture new consumers by implementing a dynamic repricing strategy. Repricing is sometimes the best Amazon price strategy, and it involves changing prices to underbid competitors. You can choose the highest and lowest price you’re willing to offer for a product while still maintaining your margins and modifying your prices to meet or top opponent offers within this range. Ways to Do Repricing
Amazon, of course, has its own repricing tool. They offer everything you need, but it’s not the best tool out there, so sellers are often looking for better alternatives. If you go to Seller Central, you can define pricing criteria that are tailored to your company’s goals. You can also choose which ASINs will be affected by the rules. The disadvantage of this strategy is that it usually works by lowering your pricing in comparison to those of your competitors, which is bad for your profits.
To make manual pricing work, you’d have to be quite knowledgeable about what you’re doing, not to mention that you’d have to constantly analyze the prices of your competitors. It takes a lot of time and work, and the outcomes aren’t as good as with some of the other tools. It’s most likely not an option to go for.
Sellers with a lot of experience are more likely to use third-party software since it allows them to have all of the information they need in one place. Determining what goods to restock, whether to modify prices, and many other key decisions may be made easier with data at the foundation of every decision. Many merchants rely on this type of software to maximize profit margins because the usefulness of these tools and algorithms extends beyond pricing. So, for any seller, it would make the most sense to find the best Amazon repricer and stick with it. It will be worth the money. 2. Premium Pricing StrategyTo be successful on Amazon, you don’t always have to cut your prices. If you’re selling a high-end product, you can use a premium pricing approach to provide higher prices in comparison to competitors. However, this won’t necessarily work on a giant ecommerce platform like Amazon. After all, Amazon is a place where shoppers don’t really care about brand loyalty and instead prefer low pricing. As a result, many merchants will opt for offering deals and discounts on their luxury products. 3. Cost-plus Pricing StrategyCost-plus pricing is a basic pricing approach that involves adding a set percentage or markup to the product’s cost in order to arrive at a price that allows you to achieve your desired return on capital. The downside of this strategy, even though it’s a straightforward one, is that it can be difficult to pinpoint the specific costs associated with a product, particularly the spend on marketing campaigns, which can significantly influence return rates. 4. Penetration Pricing StrategyPenetration pricing is perfect for sellers or companies who are just getting started with new products and want to build more buzz. To appear at the top of search results and promote interest and sales, businesses first cut their pricing, typically abandoning profit margins. Once they’ve built up a solid customer base, they raise their rates. 5. Value-based Pricing StrategyThis strategy deviates from traditional pricing conventions, which are generally based on past pricing tendencies, charges, or rival rates. In this method, it’s all about how the target consumers perceive the value of a product and how much they’re willing to pay for it. The seller sets prices based on these (rather subjective) parameters. Value-based pricing is a viable strategy for well-known businesses with significant brand value. It will also work well for unique brands with distinctive products who want to stand out in the competitive market. Final ThoughtsIn the end, having the appropriate and best Amazon price strategy can help you outsell your competitors. A repricer for Amazon is a must-have, and it allows merchants to improve their pricing process throughout their whole inventory. With the right tools, even winning the Buy Box is closer. The post 5 Best Pricing Strategies for Amazon Sellers appeared first on The Startup Magazine. |
| What is Growth Financing (and How Much Can You Expect to Receive?) Posted: 30 Mar 2022 07:45 AM PDT  Every organization should be aiming to achieve growth, and this is a particularly important concern for startups that want to scale their operations consistently.  Photo by Akil Mazumder from Pexels You can't make something from nothing, which is why businesses need capital to get the ball rolling and build momentum over time. This is where growth financing options come into play. So what is it exactly, and to what extent can you finance the growth of your startup using it? A quick overview of growth financing.Growth financing can also be described as revenue-based financing, which essentially allows you to upfront your annual recurring revenue (ARR) and make it available right now, rather than forcing you to wait weeks or months until your end-of-year earnings are accessible. This is basically a way of reinvesting in your business based on expected ARR, accelerating the process of pursuing innovations, acquiring new resources and pushing the boundaries of your business to give it the competitive edge. Tip: carefully review your financing options.Choosing a growth financing provider which has a track record for serving startups effectively is sensible, as packages will be generous and payments affordable. By looking outside traditional funding infrastructures, entrepreneurs can fuel growth with financing that is more flexible, adaptable and easy to access. You should still work with a reputable revenue-based financing provider, of course, but there are plenty of potential sources out there that fit this description. The scope of growth financing products.As this type of package is predicated on ARR, the amount you'll receive will be based on a percentage of this. The exact proportion is dependent on a few factors, such as the terms of the provider, the nature of your business and the industry it occupies, your track record for ARR to date and so forth. So while such funding is conditional, you could receive anywhere up to 60 percent of your ARR as soon as the agreement is approved. Because this is a percentage-based financing option, it could mean accessing several hundred thousand dollars from your ARR ahead of time, or it could be into the millions. Such a model is obviously appealing to startups that have already managed to make major headway, but it also scales to accommodate smaller firms as well. The advantagesWe have already discussed some of the benefits of growth financing options, but one thing that hasn't been mentioned yet is that this style of startup funding lets you avoid diluting your equity in the business you are building. This is a positive both in the short term, and further down the line, as it allows you to retain control, rather than being at the beck and call of outside investors who might not share your ultimate vision for the organization. Furthermore if you pick the right funding provider, you can tap into a wellspring of expertise and guidance that will assist you in the decision-making processes that will push your fledgling company in the right direction. Lastly, speed is of the essence here, as of course by bringing forward your access to your ARR through a growth financing product, you won't have to wait around to give the green light to ambitious new projects and initiatives. Final thoughtsGrowth financing is just one of the funding routes that your business can take, and if you have not considered it so far, now is the time to carry out additional research. Obviously you should avoid rushing into any deal, but if you anticipate healthy ARR and you need to upfront your revenue, growth financing options are arguably the best options around. The post What is Growth Financing (and How Much Can You Expect to Receive?) appeared first on The Startup Magazine. |
| Deducing the costs associated with appointing a personal injury lawyer Posted: 30 Mar 2022 07:12 AM PDT  Did you recently get involved in any type of personal injury accident? Sometimes these things happen even if you are on the job. If yes, you must be wondering about the costs associated with appointing a personal injury lawyer. Usually, people who get involved in personal injury accidents call lawyers and ask them – "Is it expensive to hire a personal injury lawyer?"
If you too are one among them and you're hesitating to hire a Spokane injury attorney due to the thought of expenses, you better go through the concerns of this post. We'll discuss the details of the fees associated with the services of a personal injury attorney. Keep reading to know more. Details on the fees of a personal injury lawyerBefore you visit the office of a personal injury lawyer, you need to know that the cost to hire one is much different from hiring a divorce or business attorney, who charges $400-500 per hour of consultation. Instead of such hourly-basis fees, personal injury lawyers work based on a contingency fee. If you don't know what a contingency fee is, it is the fact that the attorney will only be paid when the client receives the compensation amount either by winning a trial or through settlement. Now you must be wondering how much a contingency fee is. A contingency fee is a certain percentage of the total recovered settlement amount. As per the trend, injury attorneys demand one-third of the total amount recovered or 33.33%. Nevertheless, there are other lawyers that may charge 30-40% or even higher. In case the case moves to litigation and you have to file a lawsuit, the fees of the attorney may spike up. How is a contingency fee beneficial?Unlike other forms of attorneys, you neither have to pay an hourly rate nor an upfront cost of $2000 or any amount the lawyer charges. This is a huge benefit as the majority of the people who think they can't afford the services of an injury lawyer are actually mistaken. What is the pitfall of this contingency fee basis?Apart from the benefits, there are also some downsides to contingency fees. The amount is a lot of money. You must be thinking of the amount to be one-third of the amount recovered but you have to pay medical bills from the settlement amount too. This is a huge amount as the attorneys who take on the cases on this fee basis are taking up maximum risk. In case there's no recovery amount, the attorney won't be paid a dime. Hence, the risk is entirely theirs. Other things to be aware of contingency feesWhenever you sign up with an injury attorney, everything should be in writing. The 'retainer agreement' should set the actual relationship between your attorney and you. The retainer agreement should be crystal clear and if there's anything you don't understand, make it clear. Retainer agreements have something known as the 'attorney lien' clause. This implies your lawyer has a stake in the case or vested interest. So, as you see, it is not an exorbitantly costly affair to hire a personal injury lawyer. Hire the most reliable one and stay on the safer side. The post Deducing the costs associated with appointing a personal injury lawyer appeared first on The Startup Magazine. |
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