7 Tips to Making your Company More Money Efficient

Everyone has been adversely affected by the traumatic experience of the pandemic, and we all know a family member or friend that owns a small business who has also been majorly set back in recent times. Times are tough, and many companies are feeling the effects of the pandemic more than others are, their financial flexibility is shattering- so why not try something different? Here are 7 tips to make your company more money efficient.

Equipment and materials

This one is important for all companies, regardless of what sector your company is in. Making sure you are not helplessly spending funding on materials that you may be able to buy for a fraction of the price. Buying items in bulk allows slashing the price of materials, as big markets sell masses of items for discounted prices. This allows to save up money and make it more efficient by buying a bit more for cheaper would mean that it will last longer and be useful for future ventures. Always do your research and make sure you are getting the best possible deal!

Broadband

Near enough every company is online, and especially due to the pandemic, we are on the internet so much more than we would have been a few years ago. Everything is online, you can do your whole weekly food shop online and then also go and buying various items from other shops, all at the same time. So, it is important that you know how much you are paying for your broadband and if it is the most cost-efficient choice! When researching in finding the right broadband phone and tv deal for you, there are a couple of things you should do! Make sure you call around and get quotes from a few broadband providers so you can compare and contrast the deals they are offering. Also, never ever agree on the first offer they give you; you can always haggle and get a better price- trust me! Thirdly, if you have been with a broadband provider for a long time then you should definitely ask for a better offer to get faster and cheaper broadband! Broadband prices in companies always go a miss, nobody realizes that they may be paying more than they should be!

Eliminate unnecessary purchases

Many companies get sucked into a routine or consistent pattern of offering expensive services to customers that they could discontinue no loss of customer satisfaction. Sometimes, offering more services is not the best long-term solution as they may be more of a financial burden than profit or benefit for customer experience. Every 3-4 weeks, make sure that all employees are checking the little services which are costing the company a lot to conduct and see if there is anything you can discontinue to offer or reduce.

Boost up the prices!

Depending on the current economical/financial situation, you may benefit from raising your prices by approximately 5-10 percent, without experiencing any backfiring or issues with customers. As long as your companies services stand out and are of good quality, and your workers are friendly and helpful; people will want your service regardless of the slight increase in prices. Leaving a positive mark on your customers are happy customers which will return and help the financial situation!

Help other companies

Giving a helping hand to neighboring businesses will have its positives for sure! You are able to split advertising and promo costs if you strike a deal with a company that you may have worked with before or even personally know. The prices of promos will be cut right in half, which is already making your company more money efficient without a doubt. And after all, if you are helping another company that is in need of support, maybe they will also be able to help out if you were in crisis?

Vitalize the media!

Social media is a free platform to use to advertise companies and businesses- and without spending any money, it is definitely bound to help save the pounds! Being able to sell yourself and look good on social media platforms will entice people to want your services. Highlight the features of your company, make yourself stand and be different from a large group of people who want to strive too. Also, make use of local radio channels, or tv stations- go to your local radio broadcaster and ask for a shoutout or free advertisement- or even offer something in return. This way you are not paying for advertisements, you are using free services instead of paid promotions which will aid financial efficiency.

Be Mobile

The approximate cost of setting up a company in a permanent retail location can be up to $100,000 or more, which is a hefty price to pay for comfort and luxury- with leases spanning out from three to 10 years, it may be easier to pay less and work from a smaller, more remote location. This can allow you to save up money and be more money efficient by not unnecessarily spend money on a location/office that you might not necessarily need. First, be comfortable with what your company is earning, and when it is evident that you are becoming more financially strong, then think about expanding and developing further.

Making money From Gaming: How to Turn your Hobby into a Business 

Gaming 

A gaming career sounds like the perfect job to so many people. Rather than being stuck in an office all day, sitting at a desk, and having to work on projects day in day out, why not turn your gaming interests into a business. Not only will you enjoy your work, but there are also so many benefits to a gaming career, you will feel excited and passionate about your career choice, more time to socialize with friends and you will have the opportunity to select which hours you want to work. Some of the most popular games to play include, FIFA 2021, Fortnite, Halo, and Call of Duty. You can play these games single-player or online if you have access to the internet and have purchased Xbox live or the equivalent for your gaming device. 

Creating a business 

Starting a business requires an online presence, particularly gaming. The gaming business is highly competitive so the right social networks can assist in turning your hobby into a profession. Building relationships in the gaming community will help get you noticed.  One thing to think of when starting a business is where to begin and set it up, one way to do this is by streaming on social media sites such as YouTube, where you can practice often and give other gamers the opportunity to follow your gaming progressIn addition, working out finances is a crucial element to starting a gaming business, in several games such as Fortnite, and Halo, the competitions will be where you make the most money by securing wins.  

The skills you will need 

Many different games require different skill sets to succeed and secure wins. A vital skill to attain in the gaming world is hand-eye coordination, particularly with games that involve multitasking such as call of duty, being able to move your character whilst looking around for any of the opposition. As well as needing skills to carry out specific tasks in games, gaming itself has shown to improve skills including, problem-solving, spatial coordination, vision, and speed skills, it has also been argued to improve memory and attention span.  

Gaming as a career 

Professional gaming is an up-and-coming career option for many young gamers. Many gamers will specialize in specific games, for instance, Ninja is a professional gamer who was first recognized in late 2017 after his success on games Fortnite and Halo. He began streaming his Fortnite battlegrounds on YouTube hitting over 635,000 live streamers. He later went on to partner with Redbull and held gaming competitions where aspiring gamers could challenge him. This would be useful for aspiring gamers as they could play against their competition and potentially identify skills, they may need to improve on to support them in their gaming career.  

Rocket League is a popular soccer game originally released on PlayStation 4 and expanding across other gaming devices such as Nintendo switch in the more recent years. Rocket League is a fast pace game and often intense, particularly when playing by yourself as you cannot guarantee a win. All players have a matchmaking rank (MMR) which determines their overall ranking on the scoreboard, win will increase your rank and losses will bring your ranks down. Within the game, there are different ranks ranging from unranked to grand champion. Players can get out of the rank they are stuck in by accessing services that allow you to boost your rank in rocket league. Typically, these boosters involve a professional gamer accessing the person’s account and playing for them or the booster is a professional gamer playing against the customer.  

 

 

What is a Wealth Management Firm and When do you Need One

When it comes to handling your money it can be hard to know where to make a sensible investment that is unlikely to fail, if you are someone who has come into some new money and you are unsure of where you should spend it then investing in the services of a wealth management firm can be the best way to find professional advice that can benefit you and your family and make sure that you are not worrying about money in the future.

When handling large amounts of money you may find that many services and people come out of the woodwork and try to offer you advice, it is no secret that money changes people and that some people will be showing interest in your funds for their own gain rather than trying to help you out. This is why a professional wealth management company may be a good idea for you because you can be secure in the fact that their main purpose is to help you with making strong investments that are going to be beneficial and make you money rather than losing you anything.

 

What is a Wealth Management Firm?

A wealth management firm is a company designed to help people with newfound wealth to make sound investments that are going to see a huge profit in the future, investing your money can be very complicated so having professional guidance on hand can be the best thing for you especially if you are someone who is new to the whole investment and trading process. It is not only investments that a wealth management company can help you with and in fact, but any aspect of looking after your money can also be helped with the aid of a professional wealth management company.

 

As previously mentioned it can be very hard when you come into a significant amount of money with most members of the public admitting that they have struggled in the past with making sure they choose the right services for their money. From choosing the right type of banking or savings account, to effectively putting away savings for the future, a wealth management firm is on hand to offer advice in all aspects of money management.

 

Should You Invest?

The decision of whether or not you should invest in a wealth management firm is completely down to you, depending on the level of advice you feel that you require you may be better suited to alternative services that require less money and control from an external company. If you are unsure I would highly recommend that you conduct some in-depth research into the money advice services that are available in your area, if you feel that a wealth management firm is something you could be interested in there are no reasons why you shouldn’t contact them for advice and information regarding the process of seeking monetary help.

 

However, although a wealth management firm has many positive aspects it may be redundant if your questions can be answered by an alternative means, if you are someone who is just questioning simple aspects of handling your money there are numerous online sources detailing the most effective bank accounts and savings plans that are free to read online. I would recommend that you look into alternative methods of looking after your money before taking the steps to actually invest in an external company as it is a very important decision that you may be stuck in for a few years.

 

Benefits of Using a Wealth Management Firm

One of the biggest benefits of using an external wealth management company would have to be the fact that it takes a significant amount of stress off you and allows you to relax while money is being made in your name. For a small fee, you can remove all responsibility when it comes to investing your money wisely and sit back whilst your investments bring you profit and revenue with little effort to be made by yourself. As you are dealing with a professional company you also are provided with peace of mind that there will be no wrongdoings when your money is handled, most companies will not make a decision before consulting you first so you still have power over the investments you make and approve.

 

If you are looking for the top wealth management firms for high net worth individuals then I would urge you to speak to any peers or family who are involved with a similar company. Getting an account of someone that you trust experience with a wealth management firm is one of the best ways to truly make the right decision for you, and as long as your peers have had a positive experience I would highly recommend that you go for it.

 

Cons

Although many people have had a positive experience with using a wealth management firm to look after your finances there are some negatives that you have to consider, giving up some control of your money can leave you in a vulnerable position in the future if you see something that you want to invest in later in your life. It is also common practice for a wealth management firm to want a contract confining you to their services for a few years, this is understandable as the company needs to service clients and future income but if you are unsure you could find yourself stuck in a company that you no longer wish to use.

CBD, TIkTok and Streaming: Examining the Trends Dominating the Business World

Though you may find it hard to believe, the world of business is completely dependent on the trends that are going on in the world around us. All you have to do is take a look at TV advertisements to see just how influenced businesses are by trends right now. After all, if it wasn’t for ongoing trends, would we have never seen the Harlem shake integrated into an advert about car insurance.  It is extremely clear just how much trends dominate the business world,  but there is no wonder why. Trends fall into circulation due to their love by the general public and the general public are the people that these businesses want to sell to.

You may be wondering, what are the current trends that are taking the world by storm right now and why did they become so popular to the public?

TikTok

Unless you have been residing under a rock for the last two years, you probably haven’t been able to escape the hold that TikTok has had on the world. It started off with TikTok adverts on every single platform and eventually, we all succumbed to the promises of entertainment and made an account. Since then, TikTok has been impossible to escape. Even if you are someone that doesn’t necessarily use or enjoy the app, it is hard to deny how much it has integrated itself into our society.

If you are a smart business owner, then you would be missing a trick to not somehow get TikTok involved in your advertising techniques. After all, there are many ways that you can do so.

Sponsoring content creators

Some businesses don’t have the time or know-how to make their own TikToks and so one of the best things that a business could do is sponsor a pre-existing content creator. Pre-existing content creators already have a large following. If you were to pay them to advertise your business or even provide them with some of your products for free, then they will share your product with their audience. If the audience sees that one of their favorite content creators is using the product, then they will want to purchase them too.

Small businesses

As well as larger businesses using TikTok to their advantage, small businesses have been using TikTok to increase the popularity of their businesses. There is a rumor in the world of TikTok that using a particular sound bite in your TikTok increases the popularity of your TikTok. Small businesses have been using this to their advantage, as well as clever editing. This clever editing has given them the opportunity to really showcase the quality of their products and has given them a bigger platform to reach potential customers.

CBD

Due to the changes in in-laws in recent years, one of the biggest trends that have hit the world is the increased usage of CBD. Much like TikTok, the CBD trend felt as though it appeared out of nowhere. If you walk into a mall, you are bound to encounter kiosks that are selling some sort of CBD product.

In the last decade, there has been a lot of research into the positive elements of CBD, such as its ability to help combat anxiety as well as helping with sleep issues. CBD also creates a general calming feeling which has got a long line of consumers hooked, so there is no wonder why it has grown in popularity in the last few years.

Businesses have been using the brand new worldwide appreciation of CBD to their own advantages. For example, merchandising shops have sold plenty of lines of products that let users express their own love for CBD, such as hats and tops.

Businesses have also looked into how they can develop the world’s love of CBD further and introduce brand new products into the world. When trying to really get into the workings of CBD, people companies have also looked into other aspects of the marijuana plant to see what is marketable.  A lot of companies have been asking, where did delta 8 THC originate from? This is because they want to know more about how it works and whether or not it is marketable.

 

Investing

If companies aren’t branching out into producing CBD products for themselves, they are instead investing in CBD companies to support the income of their other businesses. This is because there is good money to be made in the CBD stock market, so it is understandable that people are trying to break into it in order to make some extra Dolla.

 

Streaming

You may have also noticed in the last year or so, more and more people have been turning to streaming.  This is because a lot of us have been left with a lot of time on our hands due to the unfortunate circumstances that have been created by the global pandemic.

 

There has also been a change in the way that a lot of platforms operate, so some content creators have moved on from their previous platforms and have delved into platforms that offer the opportunity to stream.  Streaming is a great way to engage with your audience and for that reason, it’s really obvious why businesses are using streaming services to their advantage.

Sponsored content

Much like TikTok, one of the main ways that businesses have been utilizing streaming to their advantage is by sponsoring streams. By sponsoring streams, you are encouraging streamers to advertise and promote your business to their audience. A smart business owner will choose someone that has an audience that their business would appeal to. So if you had a business that sold makeup, it would be a good idea to sponsor the stream of someone that is a beauty guru. There is a lot of opportunities to advertise your brand to the right clientele, as long as you are smart about the way in which you choose to utilize streaming.

Which Genre of Gaming Tends to Turn the Most Profit

In the past few decades, the gaming industry has been successfully creating a buzz in the online world. A multi-million-dollar industry already, gaming is the first choice for millennials and adults who still cannot let go of their childhood gaming-addiction. Top gaming companies are continually investing heavily, developing new games, and launching them under different genres, old ones, and new ones. The industry is a significant revenue generator, bringing gamers from across the world together through video game tournaments, leagues, and competitions. There are around 50 genres and sub-genres, but one genre has proved itself to turn the most profit. I will be explaining different genres and which genre makes the most profit out of them.

 

Popular Genres

With the arrival of Call of Duty Black Ops: Cold War, it seems that the first-person shooter (FPS) game genre has increased in popularity. This is currently the number one trending genre among gamers, Black Ops Cold War set a record for digital copy sales on Friday. The game has sold the largest number of digital copies on launch day in the franchise’s history. Despite all the complaints about skill-based matchmaking (SBMM) and the maps not giving good enough variety, fans of the franchise did not shy away from pre-ordering it. There have been many players using cheat sites to enhance their abilities in the game, but I prefer veterancheats for getting aimbots.

Action-adventure games blend the high physicality of action games with the narrative puzzles and long-term obstacles of adventure games, relying on a blend of both combat and puzzle-solving skills. Action-adventure games can be in either first person or third person—the iconic Nintendo title The Legend of Zelda is an example of the latter. The action-adventure genre also includes subgenres like survival-horror, notably the Resident Evil franchise, as well as platformers like Metroid (1986).

Role-playing games, also known as RPGs, are especially immersive games, using extensive worldbuilding and lore to provide a detailed game world where the game player controls the protagonist or party. Japanese role-playing games (JRPGs) and massively multiplayer online role-playing games (MMORPGs) are two of the more popular game subgenres. JRPGs are geared towards an in-depth single-player experience with titles like Skyrim and Pokémon.

MMORPGs, on the other hand, are online games that focus on a more cooperative experience with other real-life players. World of Warcraft, an MMORPG, is one of the most popular games of all time within the RPG genre. Additionally, simulation games are a distinct super-category of games, generally designed to simulate real-world activities. As for video games, Sims is a perfect example of this genre. This game simulates the lives of characters along with the construction and management of the city. The economic simulators are one of the well-known sub-categories of the simulator genre. These games give players an option to manage an economic system. The simulation game genre is gradually gaining popularity in the gaming world.

 

 

Which Genre has Turned over the Most Profit

The action genre has proved itself to be the most profitable video game genre. The release of Call of Duty and other such games has increased the popularity of the genre and is the genre with the most games bought. With the use of game streaming sites such as Twitch, this too increased and encouraged people to buy FPS and action games. Other games such as Minecraft have rocketed the genre back into productivity over the pandemic due to many countries in lockdown, and people getting into the world of gaming due to this.

How London Businesses are Moving Further into the Digital Age

The business industry is something that goes through constant change, as new processes are developed the way in which many businesses interact and run develops in accordance with the technology that is available. Most businesses compete for the position of being the most innovative company so there is a constant battle to find the best technology solutions and implement them into your day-to-day business processes.

London is a very advanced city and the technology that is used by many London-based businesses is usually much more advanced than what can be found in other parts of the world. As we have moved into what seems to be the digital age of technology most sectors have had to also change and implement more technical solutions into their company, in order to accommodate the new digital age this makes sense as tech has moved into the mainstream. It is not a good look for a business to still be using the outdated methods and it may not seem as professional in comparison to a company that makes use of the technology that is available.

There are many ways in which specifically London-based businesses are moving the way in which they do things to become more advanced and suitable for the digital age. If your company is still using the more dated methods of doing things I would urge you to think about how you can change your business to appear more professional and technologically savvy.

 

Online Marketing

One of the biggest changes to the industry would be the way in which companies are advertising their services, gone are the days of using physical adverts like flyers and posters and instead, the majority of advertising is now done in an online format. We have seen this change as more and more people introduced technology into their households, I think it is safe to say that most people in London use the internet and have access to a computer of some kind, with this in mind it makes sense that marketing strategies would also change to accommodate the increased use of technology by the public. The great thing about marketing online is that it consists of less effort and is usually much cheaper than using alternative methods, The cost of physical adverts such as billboards and posters has increased significantly so the fact that we are now able to display the services your company offers without having to invest a lot of money can only be a positive thing.

 

Increased IT Support

Although the newfound use of technology within a business has brought about many new processes that have a positive impact on the business there are some negatives. As more and more businesses are implementing new tech solutions into how they do things there has been a significant increase in the need to have a quality IT support system. Technology is a great thing that is until it breaks and without having the correct support processes in place you could bring your whole company to a standstill. This increased demand has created a gap on the market with businesses all over the country looking for the best tech support company that can fix any issues as soon as possible. In London there has been a huge rise in the amount of IT support companies that have been created with a top London business owner stating that in the event of a tech emergency i was able to get IT support in London pretty easily. If your business is not currently in partnership with a high quality support system I would urge you to research businesses in your area that could help.

 

Technology Within Your Business

As more and more technological devices are released onto the market on a pretty regular basis many companies find themselves upgrading the equipment they use in their offices. Most businesses require basic office equipment such as the internet, computers and phones so there is a strong demand for the most innovative devices. As the rate of new releases has only grown to be more regular you may find that your tech needs upgrading much sooner than it used to be so you have access to the latest tech.

 

Cloud Storage

Another change that many London businesses have made in order to keep up with the digital age is how they store their crucial files and data, they are no longer turning to extra physical hard drives and thanks to the development of cloud storage their files are now much safer. In the event of a loss of data if you are using cloud storage itr can easily be recovered and accessed. Another great thing about using cloud storage is that it can be accessed simultaneously by your authorised staff making it much easier than using a physical storage solution.

Death of the Highstreet: How Online Fashion has Ruined Retail Shopping

The high street that we all know and recognize today never used to be the way it is now. Before online shopping the high street used to be vastly different, it was a thriving industry in the American economy, people love to shop so it brought in billions of dollars every year. However, many factors have had negative effects on the high street, it hasn’t managed to adapt and to keep up with the ever-changing society that we live in. Consumer needs are always changing and the high street has not been able to make enough changes to match what consumers now require.

This is why from your local village to your mid-sized towns to massive city high streets we’re seeing more and more empty shops as many businesses are going out of business as they can’t keep up. The biggest rival to the high street that is thought to have caused the demise is  Online Fashion and really all online stores that rival stores on the high street. The first online-only store was created in 1999 and was a store called Zappos, many see this as the beginning of the end of the high street. Since this first store, online shopping has become much bigger and much more popular, the biggest online shopping store is Amazon, one of the most successful companies in the world. Keep on reading to find out how the high street went from being extremely popular to failing in comparison to online companies.

Why online fashion and other online stores have caused the death of the high street.

Like with any company and business, to continue to be profitable and thrive year after year then it is vital that a company does lots of research and speaks to lots of focus groups to find out what the current needs of a consumer are and how they can be met. The high street has not been able to do this.

People used to enjoy going for a day out to go shopping but due to many factors, this isn’t the case anymore. People these days are much busier, people tend to work longer hours than previously, many people are working 2 jobs so they simply don’t have the time to go to the high street anymore, especially when many fashion shops and various other shops have opening hours in line with many people’s work schedules so they can’t pop in after work.

This is where online shopping can meet their needs whilst the high street cannot. Online shopping is much easier and quicker, for example, if an individual wants to purchase a new fashionable hat rather than having to search the whole store they can simply type it into a search bar and see all the hats that are available to buy. Online stores used to have the downside of having to wait several days to receive your item so many people would go to the high street to get it that day, but now thanks to services such as Amazon Prime, people can pay a monthly subscription and get an unlimited amount of free next day deliveries.

Costs associated with high street shops.

Another area of business where high street stores can’t compete with online stores is costs. Having a physical store for customers to walk around and shop for clothes and other products is great in theory as it allows customers to try on clothes which is a positive to any consumer, it will save them the hassle of it arriving and having to send it back. However, in recent years the costs associated with maintaining these stores have massively increased, rent prices have increased rapidly every year in the USA and overhead costs (lighting, heating, electricity, etc) have also increased.

This has a negative impact on a business’s overall profit, online stores however don’t suffer from this problem as all of their stock will be in a warehouse and it will be much cheaper to maintain. This has created much more competition for high street stores as they have to account for all of these costs when pricing their clothes and other products. However, online-only shopping can offer more competitive prices as they don’t have to take back any of these costs. This has led to the creation of hundreds of online fashion stores from big companies such as boohoo to smaller companies such as hgbagsonline. Many people took the opportunity to create their own online fashion store making it a highly competitive market that retail stores just cannot compete with. Online shopping is cheaper and less effort which is more suited to the average American’s current lifestyle so has led to the death of the high street.

Other factors that have caused the death of the high street.

The last 10 months have brought devastation to the high street as they’ve spent a lot of time closed down due to government-imposed lockdowns, this caused many fashion stores to fail as they couldn’t make a profit, the ones who survived were the ones who went online. Another issue is that people have less disposable income so cannot afford to spend as much on the high street, it’s seen as a luxury rather than a necessity. While things don’t look good for the high street we hope that it can make a comeback.