Category Archives: Default

Rule of Three

All the new markets and products are generally created or started by the first one or two movers or start-ups. They are quick to see the opportunities and are ready to take risks. After their initial success, it is usual to see many more players jump in and try to capitalize on this potential. Slowly, more and more players jump into this market or start producing the same products. Soon the market is fragmented with many companies competing for the market share and increasing their revenue. According to the Rule of Three, eventually all new markets will mature and consolidation will take place and only a handful of companies will control the market. A number of economists after a lot of research agree that about 70 to 90 percent of the market will be dominated by 2 or 3 players and the rest will be with small or niche companies.

It is almost like companies have only two options: buy or be bought. One of the reasons we see many start-ups which have started well and are continuing to do well are bought and taken over. It is not a bad deal because the start-ups have limited resources and growing beyond a certain point requires much more capital and bigger setup. Bigger companies are always on the look-out for smaller companies which are either doing very well and can create problems for the bigger company or companies which are not doing well but can be turned around or can add some value to the bigger company. Rule of three can turn the market into a playground for the big companies and they can control the market according to their wishes. The customer does not remain the king anymore.

Sometimes this rule can become a problem for small companies which want to remain in the market. One way to remain independent is to have a niche product. Similarly, if you look at the online trading platforms, there are a number of them available on the internet. Not all are as good as this website. This is an automatic trading platform which has been programmed in such a way that it gives you the best results possible. It does not matter if you are new to trading and have not much of an idea about the process. The system will help and guide you completely and let you learn at the same time. If you are an experienced trader then also it adapts and adjusts and works according to your needs. It is one of the major companies in the field of online trading.

The Bank Accounts For You

Your personal profile in the bank is centered on an account that holds your money and enables the various financial transactions and economic activities. The account itself is of numerous types, each with its own sets of extra facilities and requirements. It is imperative to know them, or at least to get introduced to them because based on the intended transactions, the complimenting account selection has to be made. The purpose of maintaining an account can be to save the holder’s money, open options to increase its value and avail the best horizon of financial services for smart economic and lifestyle planning.

The types of bank accounts

Based on popularity and general application of usage, it is beneficial to know about the following types of bank accounts:

Savings account

The ideal account for those who do not want to have continuous transactions, but prefer the money to get saved in the account and, even if gradual, lead to interest accumulation is the individual savings account. It is rather like an official account which is often joined by other saving investments like fixed deposits, certificate of deposits, recurring deposits, etc. A salary account when coupled with a savings account, makes an automatic extra saving without the need to deposit specifically or extra documentation.

Current account

To carry out constant transactions for routine, business and extra operations, opening a current account give access to our money without restrictions and too many service charges for the facilities availed.

Joint account

For an individual, opening a single account is the first action of banking and for having a second person to operate the accounts, usually business partners or family, a joint account is a solution. For example, if the husband manages the outdoor financial actions, and the wife takes care of the mobile banking or internet banking activities for repeated monthly commitments, this website account serves both the purpose sides.

Loan account

For funding options, the customer is given an individual account in the bank providing loan or financing, in which the repayments, interests, loan statements and credit history are linked. Once the loan is paid back in full, the account is closed with a loan closure statement.

Demat account

Market transactions and trading activities including brokerage are carried out through demat accounts that are dedicated to the sole purpose of retail brokerage or stock market trading. The owner will have such an account and so will its customers.

NRI Account

Receiving and exchanging international currencies invite a set of separate legal and financial regulations such as higher interest rates, higher service charges and tax deductions. To accommodate the extra requirements, the NRI account is opened in the name of the foreign currency earning individual.

Ways to meet the client’s needs

It is obvious that no business can run without the patrons and we could even say they are the pillars of support for our success in the business industry. So, always focus on customer satisfaction and never ever forget to meet their necessities. In any type of business, either it might be small or large and either it might give us back profits or loss, it is the duty of the business owners to serve the clients in a fantabulous way and always try to meet their actual requirements. Else,  theremay happen to lose many customers due to our carelessness. So, first, be clear with what your valuable patrons require as an end product and move on with the steps to execute it effectively.

If you are not aware of the ways to meet the needs of the customers and keep them satisfied, read this article post and I have tried my level best to portray you a few tips and ways to achieve it easily and I trust this helps you a lot either now or in future.

  1. Give ears:

The clients never want to be in our control because they pay a huge amount to them to satisfy their requirements. So, we the businessmen should come forth and give our ears to their words and get to know what they need actually so that we can deliver the exact product without any complexions.

  • Communication:

Communication plays a vital role in every business and both the business trader and the customersmust have good wavelength and they must communicate well with each other so that the ned product will be great as we desire. But few manufacturerslack in this point and they do not interact with their clients and this leads to many confusions and unanticipated flaws in the final result.

  • Support team:

In many business companies, they have a separate sector for serving the customers and this helps to know about the patrons very much easier. The support team should be able to answer the calls and reply to their questions or queries without any hesitation. We can even see this team in automated robot trading softwares like BTC Profit which focuses more on the client’s satisfaction.

Thus concluding that to achieve greater heights in the business market, do concentrate on meeting your client’s expectation first and you can gloss like stars in the sky very soon. because without amazing customers, we the business processors are nothing.

In Brief About Global Economic Trends

In Brief About Global Economic Trends

Things are changing faster than they could possibly be. People across the globe are seamlessly connected by an unprecedented network. New technologies and innovations reach their audience at rocket speed. The changing economic trends, people’s preferences, growing political uncertainty and the exponential advancements in technology will transform the global economy in a decade. This full report outlines the insight of the future economy. The following factors are needed to be discussed and dealt with.

Productivity anomaly:

Global productivity is not growing as fast as it should be. This is a sheer paradox. The technological advancements and innovations are tremendous, and logically there should be an increase in productivity. When we look deeper into this, we can simply conclude that the recent innovations results in comfort and goodness, rather than expanding the production and manufacture. Today’s technologies are making people obsolete. For instance, we spend day and night to study the technology, codes and the process of issuing air tickets manually. Then, the whole thing gets automated in a day and all the hard-learned skills seem worthless.

Income inequality:

Economic inequality and differences are prevalent across the globe. When I look closely at the economic growth and statistics in the last40 years, all I can see is the convergence of a large extent. The individual income and financial status of people living in the emerging markets are steadily growing compared to that of those who reside in advanced economic markets. As a result of the previous industrial revolution, people in low paid jobs switched to decent paid jobs city side. Those times people were able to find a new job if they lose one. This is not the case in the current world. Getting a job and holding onto it is too difficult.

Increase in work population:

There has been a massive increase in the work population in the last few decades. Outsourcing has become common as a result of globalization. People across the globe, especially Asians have entered the World market with ease. They possess required skill sets, higher intellectual knowledge and they handle new technologies effortlessly. They take the jobs from the developed countries and as a result of which there has been a backlash against trade and globalization.

I strongly insist on developing competitiveness among world economies. Competitive spirit alone helps the nations fight the shortcomings and generate employment opportunities to all the citizens.

 

 

It Gives Me Jitters To Think That People On The Internet Wield So Much Influence

It Gives Me Jitters To Think That People On The Internet Wield So Much Influence

 

On any other occasion I would have never been bothered about any reviews on the internet:

But when I read not one, not ten but hundreds of negative reviews on the internet about my favorite trading software Bitcoin Trader, it just did not make me upset but it ran a shiver down my spine that these reviews were not just farthest from the truth but were doctored to create an impression that this software was at its source a fraud and only swindling the money of its trader patrons.

I have been on this software for the most part of eight months and I cannot even begin telling you how good the software is!

It is one of the most ethical of software that I can point a finger at in an industry that is mushrooming with hundreds of scammer software.

I know what the strategy of the haters is!

These haters on the internet who go on cribbing about completely legit software such as this to be a scam are actually trying to influence the people of the internet by sheer numbers. If they cannot convince they are trying to confuse the people more so that they get discouraged from signing up on legit software.

How will that benefit them you ask?

Well, if a trader does not log on to legit software, there are at least a dozen scam software that is waiting to catch him and draw him towards them with false hopes and tall promises. Some of the promises are so hilarious that it is difficult to even fathom how investors and traders are drawn towards them!

This software has been the light at the end of the tunnel for me!

After a losing streak of more than one and half years mostly because of getting onto the wrong kind of software, I was dejected beyond words. I had given myself one more chance after which I would have quit trading itself.

Thank god that this software did not let me down:

It is not really about the money that I would have lost; it is the betrayal of trust that makes me emotional. Here are traders who risk their hard earned money to the tune of hundreds of dollars in order to make small sometimes just tiny additions to their bottom line and then there are crooks who will shatter their dreams by either swindling it off on the pretext of wrong trades or will simply bring his trading account to zilch and close their shutters. I sometimes think what kind of spineless species they be to exhibit such inhumanness!