Business

What are some Current Examples of Oligopolies?
Business

What are some Current Examples of Oligopolies?

The word oligopoly has been derived from the greek words “Oligi” meaning few and “polein” meaning sell. Oligopoly is essentially a kind of business where there are only a limited number of firms that control a particular market or provide a particular service. This type of businesses lies between monopolistic competition and monopoly and is also known as competition among the few. This leaves the companies with some semblance of control over pricing and these few firms are counter influenced by each other’s policies and behaviors. Economic regulatory geographical and other such conditions can form entry level barriers for these businesses. Some of the features of oligopoly are: 1. Strict barriers of entry: There are strict barriers of entry and exit. Therefore, The sellers c...
Data Protection: How To Avoid In-House Sabotage
Business

Data Protection: How To Avoid In-House Sabotage

In this new age of technology, more boundaries are being pushed all around the world. Unfortunately, this goes both ways as more people are looking for vulnerabilities in technologically systems and are using it to their own advantages. Security systems set in place by organisations to protect their information can be taken apart by people with malicious intent. Data breaches have become a severe issue for most organisations and most times could be carried out by employees who have access to information. A recent report by Verizon showed that 1 out of every four cyber attacks that occurred in the past year were carried out by insiders, primarily motivated by financial gain, espionage and simple mistakes or misuse. This shows clearly that in-house sabotage is a severe threat and listed b...
5 Best Business Credit Building Hacks!
Business, Credit Cards

5 Best Business Credit Building Hacks!

While each entrepreneur has a personal credit report, a few out of every odd business have a business credit report. A personal credit report is made the minute a person with a Standardized savings number acknowledges their first occupation or applies for their first type of financing. Be that as it may, a business credit report isn't naturally made and there is an assortment of steps that must be followed with the end goal to set up this imperative business financing device. Here are the primer advances you should assume to manufacture business praise: Check Your Own and Business Credit Files The main thing you need to do is check your own and business FICO assessment. For the personal, go to AnnualCreditReport.com—a free wellspring of credit reports checked by the administration ...
How to get Crowdfunding for a New Business
Business

How to get Crowdfunding for a New Business

In simple words, crowdfunding is the practice of funding a project or business venture by raising small amounts of money from a large number of people, usually via the internet. A form of alternative finance, this has been preferred by new-age start-ups and business ventures to raise capital as opposed to conventional lending from banks and other venture capitalists. The idea of crowdfunding revolves around the venture, the target and the mediator platform that hosts the crowdfunding effort for the whole duration. Hence, if a group of pioneers wishes to set up a new business venture, they should keep the following points in mind while engaging in crowdfunding campaigns: Mapping an Effective Plan As is the case with other sources of funding, an effective working plan is required fo...
4 Ways to attract Investors to your Startup
Business

4 Ways to attract Investors to your Startup

All startups require funds to startup. The only means then becomes looking for investors. Here are 4 mantras to attract the right kind of investor for your startup! Network Networking essentially means meeting people from different walks of life who interest you. This networking even has the power to attract investors. The connections that you make become very important down the line because the more networking you do the chances of meeting a suitable investor increases. If you are asking yourself about where to start? There are several networking events organised to make people with similar goals, meet. These events even provide a platform for you to meet more experienced and established entrepreneurs who maybe able to give you some interesting advice. Networking allows you to pit...
Advantages of Using Resellers
Business

Advantages of Using Resellers

A reseller is someone who actually takes the products from you at discounted rates and then sales them elsewhere at a higher price by keeping their profit margin. Now, you must be thinking that what is the benefit for you in this entire chain sequence. well, what happens is that you need to provide the product to the reseller at a discounted rate and he then sells it further. The biggest reason as to why you should indeed take up such a business sense is that it makes you an indirect supplier. Also, the reseller takes the products from you in bulk. This is where you get the maximum benefit. you get to earn a lot. Now, read ahead to know the advantages of using resellers. Expansion of customer base: Firstly, you get to expand your base of customers. This is so because when you have you...
How to Design your Ad to Get more Leads?
Business

How to Design your Ad to Get more Leads?

Your advertisements are simply the means for you to get noticed by the masses. The idea behind taking out an advertisement in the first place is to let people know about your company and its products and services. Only when they know about you will they actually be interested in purchasing your items. This is why your advertisement is highly important. In fact,there are professional advertisement agencies that you can hire who will come up with the final ad copy after listening to your requirements. This implies that the final aim is to be able to generate leads who will later transform into customers leading to sales. Now, read ahead to know more about tips to design your ad copy to get more leads. Design according to your place of posting: First of all, when you wish to generate mor...
How could Internet be used to Increase Sales of your Company
Business

How could Internet be used to Increase Sales of your Company

The Internet is a great tool that can be used for the marketing. By the use of the internet, companies can promote their business and find a new user base. By using the effective digital marketing techniques, you can promote your business in a better way. So here is how you can use the internet to increase the sales of your company. Make a website The Internet provides you with the biggest and the quickest way to make sales. You can make a new website and list your products on it. By listing your products, you are making your customers interact with your products directly over the internet. This is a huge advantage of the internet. Also, with descriptions, photographs and model modeling can convince your customers to buy the product without the help of hiring a salesperson. Int...
Factoring Your Trucking Invoices Can Help Your Bottom Line
Business

Factoring Your Trucking Invoices Can Help Your Bottom Line

If you’re the owner of a trucking or transportation business, you understand the importance of cash flow. Cash flow, simply put, is the relationship between incoming and outgoing cash in any business. Outgoing cash flow represents your expenses, or the money you have to pay out to maintain the business. Incoming cash flow, on the other hand, is the money that comes into your trucking business, more specifically, the money your customers pay you. If the world were a perfect place, money would flow into your business at a faster pace than it flows out. But of course, this is not how it happens. In the trucking industry in particular, there are a number of expenses that require immediate payment or that you have to pay on a schedule. This includes overhead like salaries and fleet maintenance...
How to Become a Key Opinion Leader in the Digital World?
Business

How to Become a Key Opinion Leader in the Digital World?

Well, not too many people know a Key Opinion Leader (KOL) is. this is why in case you do, it’s great. But we also need to get those on board with us who are unaware of what it stands for. As the name suggests, it has to do something with having opinions. Well, you are on the right track. A Key Opinion Leader is someone who is able to influence the masses through his or her views and presentation. This is why they are hired by top companies so that they can have an impact on the people on social media and thereby lead to sales of a particular company. Reda ahead to know some things that you need to do in order to become a Key Opinion Leader. Be social: Firstly, you need to be social. This means that you need to attend events and make yourself visible. The moment people start getting aw...