Categories
Money

How To Be A (Investor 2021)

Best 10 Steps to a Successful Investment Journey

Indeoendent Investor

10 Steps to becoming an Independent Investor

Do you prefer to do things on your own and like the idea of managing your own investments? Here’s how.

Before jumping into action, expect a learning period as you learn the basics of investing that you’ll need to manage some or all of your portfolio. 

As a novice independent investor, you can take things gradually, managing just some of your investments yourself so you can become familiar with the process. 

Step 1: Understand investment principles. 

  • How does the stock market work? 
  • What do the major stock market indexes represent? 
  • What’s the difference between a share, a bond and an investment fund security? 

These are just some of the basic concepts you’ll need to learn. 

Understanding their features, risks involved, liquidity and potential returns will make it easier to choose the investments that are right for you. 

As an independent investor, you’re the one in charge. Make sure you have the skills and time needed to: 

  • Choose your investments
  • Watch the markets 
  • Review your portfolio’s asset allocation 
  • Deal with market ups and downs 

Step 2: Determine how involved you want to be in your investmentsinvestments. 

  • Do you want to monitor your investments day to day or stay on top of the latest news? 
  • Do you expect to make a number of transactions a month, a day? 

Determining your level of involvement will help you decide what types of investment products will meet your needs. 

For instance, trading specific securities will require a bigger investment of your time, in terms of research and monitoring. That’s not the case if you rely on the expertise of portfolio managers to choose investment funds, exchange-traded funds (ETFs) or index funds. 

Step 3: Open an online brokerage account. 

Whether you’re a novice or seasoned investor, or passive or very active, choose the trading platform that offers the features that will work best for you in helping you trade effectively, based on your market knowledge and trading frequency

Step 4: Identify your investor profile and investment strategy. 

  • Why are you investing (goal, horizon)? 
  • What are you looking for from our investments: income or growth? 
  • Do you a good level of tolerance for stock market fluctuations? 

Having a good understanding of who you are as an investor will help you make investment decisions based on your investor profile. It’s also a great way to avoid knee-jerk reactions to fluctuations and stop yourself from acting out of emotion and making the wrong decisions

Step 5: Build your portfolio

Diversification adapted to your situation is about choosing investments across multiple asset classes, management styles, economic sectors and geographic regions, in line with your objectives, investment profile and risk tolerance level. 

Diversifying your portfolio will make it more resistant to market fluctuations. If one asset class underperforms, others won’t necessarily drop in value, as they all evolve in different contexts. 

Brokerage firms often offer model portfolios adapted to many profiles. They can help guide your strategy. 

Don’t forget to take into account transaction and management fees for certain types of products. 

Step 6: Stay on top of what’s happening. 

Stay up to date and do your homework. Many expert studies and analyses are available on brokerage platforms. They also offer tools and training. 

Step 7: Invest. 

Perform transactions. Stick to your strategy. Beware of the know-it-all friend. Be patient. Forget trying to get rich overnight, and don’t underestimate the power of your emotions. 

Step 8: Getting Started in Investing

Successful investing is a journey, not a one-time event, and you’ll need to prepare yourself as if you were going on a long trip. Begin by defining your destination, then plan your investment journey accordingly. For example, are you looking to retire in 20 years at age 55? How much money will you need to do this? You must first ask these questions. The plan that you come up with will depend on your investment goals.

Step 9: Know What Works in the Market

Read books or take an investment course that deals with modern financial ideas. The people who came up with theories such as portfolio optimization, diversification, and market efficiency received their Nobel prizes for good reason. Investing is a combination of science (financial fundamentals) and art (qualitative factors). The scientific aspect of finance is a solid place to start and should not be ignored. If science is not your strong suit, don’t fret. There are many texts, such as Stocks For The Long Run by Jeremy Siegel, that explain high-level finance ideas in a way that is easy to understand.

Step 10: Be Willing to (Learn)

The market is hard to predict, but one thing is certain: it will be volatile. Learning to be a successful investor is a gradual process and the investment journey is typically a long one. At times, the market will prove you wrong. Acknowledge that and learn from your mistakes.

Categories
Money

The best 6 most popular ways to promote your business

Quick Info

And Easy
  • 1. Media relations
  • 2. Socialist media
  • 3. Digital advertising
  • 4.press advertising
  • 5.Direct mail
  • 6.Seo

From Facebook adverts and newsletters to traditional print and PR, there are so many ways to promote your small business. But how do you know which is best?

1. Media relations

Also known as PR, media relations is simply getting articles about you and your business in publications and their online websites.

Perhaps you’ve won a new contract, launched a new product or service, appointed new people or achieved record results.  It might be that something quirky has happened within your business or you’ve reached a milestone, such as an anniversary, or you’ve sold a significant number of items.

Another way to get coverage is by giving advice or having strong views about a subject and being prepared to openly state them.

What are the benefits of PR?

Categories
Money

WHAT IS DROPSHIPPING: THINGS YOU NEED TO KNOW BEFORE GETTING STARTED

If you’re seeking an online business opportunity, chances are that you’ve come across dropshipping. Dropshipping is an online business model that can generate high returns for the aspiring eCommerce entrepreneur. It’s possible to start dropshipping with a small amount of startup capital and some sweat equity. Once you begin to see success, you can scale by allocating more resources to advertising and brand building. But how does dropshipping work, and why should you go for this model to realize your entrepreneurial dream?

Before we get any further, it’s important that you have an answer to the question ‘what is dropshipping?’

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What is Dropshipping?

Dropshipping is a type of retail fulfillment method for online stores, where instead of warehousing inventory, merchants purchase products from third-party suppliers as customers make orders. The products are then shipped directly to the consumer. This way, the seller doesn’t have to handle the product directly. Sound familiar?

For the retail store manager, when it comes to shipping and order fulfillment, this is a mostly hands-off process. The merchant doesn’t have to stock products, order inventory in bulk, or physically fulfill the orders in any way. Instead, the third-party supplier will ship products on the merchant’s behalf. 

Dropshipping is great for entrepreneurs because running a store doesn’t demand as much operational capital as the traditional retail model. You don’t have to open a brick-and-mortar store, hire employees, keep the lights on, pay overhead, or stock products. Instead, you open an online storefront and buy wholesale from suppliers who already have products and warehouse space.

What Is a Dropshipper?

A drop shipper is a manufacturer or supplier who manages inventory for a retail merchant and ships orders to their customer. The merchant is mainly responsible for gaining customers by driving traffic to the store and processing orders, meaning you’ll effectively be a middleman. Despite this, you’ll reap the lion’s share of the profit by marking up the items you sell. It’s a simple business model and one that can be very rewarding.

Millions of entrepreneurs flock to dropshipping because it has low barriers to entry and requires less money to launch. That’s probably why you’re interested! And the best news of all? With dropshipping, you can build a business that’s sustainable in the long term right from your laptop.

Of course, there are both drawbacks and advantages to this business model, and it’s important that we look at them before you start your own dropshipping eCommerce business. Once you understand the pros and cons of dropshipping, however, learning how to do so effectively will be a breeze — especially with the great resources Oberlo provides to aspiring entrepreneurs!

Dropshiping

Benefits of Dropshipping

1. A dropshipping business is easy to set up 

You don’t need prior business experience to get started with dropshipping. If you take some time to learn the basics, you can launch a business quickly and learn the rest as you go. 

It’s easy to start a dropshipping business because start-up costs are low — especially when compared to other types of retail business models. For instance, you don’t need a warehouse to store products or a team to help you out. You also don’t have to worry about stocking or shipping either. It’s surprisingly hands-off, especially once you get going.

All of this means that you can start your business today. In fact, you can get everything up and running within a matter of hours.

You will need some foundational knowledge and the right tools and resources, and that’s why we created this guide. By the time you’ve finished it, you’ll be equipped with the knowledge you need to jumpstart your own dropshipping business.

2. Dropshipping is scalable

As you scale up, your business model doesn’t have to change very much at all. You’ll have to put more work into sales and marketing as you grow, but your day-to-day will stay more or less the same aside from processing more orders.

One of the benefits of dropshipping is that the infrastructure costs don’t skyrocket when you scale. Because of this, you’re left with more to allocate to the marketing side of your business. The more you focus on promoting your business and delivering great customer experiences, the better off you’ll be.

3. Dropshipping doesn’t require an office

You can run an entire business right from your laptop, and you don’t need to make any high-level investments. Your largest expense will be advertising, which is a budget you can scale as your store gains more traction. Even as your business grows, your costs will be fairly low – especially when compared to traditional business expenses.

4. Dropshipping is flexible

This is one of its biggest benefits. You get to be your own boss and set your own rules. It’s by far one of the most flexible careers that anyone can pursue.

You can work from home with little more than a laptop, and you can work at the times that are most convenient for you. This is ideal for entrepreneurs who want a business that works for them. You won’t have to bend over backward to get things done. Instead, you set your own pace.

Dropshipping is also flexible in that it gives you a lot of room to make decisions that work for you. You can easily list new products whenever you want, and you can adjust your strategies on the fly. If you’re going on vacation, you can automate everything to generate passive income while you’re away. You get the idea – the possibilities are limitless.

5. Dropshipping is simpler to manage

Since it doesn’t require you to make too many commitments like hiring staff or renting warehouse space, you can manage everything with little hassle. Once you’ve found suppliers and set everything up, for the most part, you’re only responsible for managing your online storefront.

Disadvantages of Dropshipping

1. Dropshipping has slim margins

One of the disadvantages of dropshipping is that you should expect low margins initially. That’s not to say it can’t be profitable, but you should be aware that the product margin in some niches might be small.

This issue is especially problematic when you’re dropshipping in a super-competitive niche. When you’re fighting for customers’ attention, it can be difficult to achieve the kind of profits you desire. However, if you choose the right niche, and target the right audience, you’re far more likely to attain wider margins. In niches with lower competition, you’ll also have better margins, but at some point, sales may begin to plateau. That’s why the success of many dropshipping stores is dependent on highly optimized advertisements driving high volumes of sales. 

2. Dropshipping can complicate order processing 

Dropshipping seems straightforward: The customer orders, you process, and your supplier fulfills. And for the most part, it is simple.

However, if you’re sourcing products from multiple suppliers, you might run into some problems. Each of your suppliers might use a different shipping solution, which presents a problem for both you and your customers. Depending on your shipping setup, the cost of shipping can be prohibitive, especially when shipping multiple products.

Different suppliers will also have different structures in place for processing and billing. Since you have to manage the interaction with your suppliers, this can sometimes get tricky.

3. Dropshipping doesn’t give you a lot of control

One of the disadvantages of dropshipping is that you don’t have control over certain aspects of the dropshipping process such as stocking products, order fulfillment, and shipping. You have to rely on your suppliers to do everything right and work seamlessly. This lack of control can be off-putting to some entrepreneurs, but it usually isn’t a problem.

This just means that when something goes wrong, it can be tricky to manage. While supplier problems can sometimes cause customer retention issues, you can mitigate them and keep customer churn to an absolute minimum with the right damage control.

4. Dropshipping makes customer service more challenging

This is another problem that happens when orders go wrong or suppliers fail. Because you’re just the store owner and don’t have a lot of control, it can be difficult to sort out orders and handle customer support.

One of the most unfortunate disadvantages of dropshipping is that you have to take the blame when your customers complain. You could be doing everything right and still run into problems if your suppliers have issues. That being said, taking responsibility and absorbing the mistake on behalf of your suppliers is all part of the business model, so don’t sweat it!

Is Dropshipping for You?

Dropshipping isn’t for everyone. And it certainly isn’t a get-rich-quick scheme. But if you’re willing to take the good with the bad, then it can be an exciting endeavor. That being said, it’s still understandable if you have reservations like these: 

  • “I don’t know if I have enough time to start a business.”
  • “I don’t want to risk getting fired from my day job.”
  • “What if I spend a lot of time and invest money into dropshipping only to be unsuccessful?”

When thinking about starting a business, it’s normal to have those reservations but don’t let them stop you. If you think dropshipping might be a way for you to earn more money and enjoy newfound freedom, take a leap of faith and dive in! 

Is Dropshipping Profitable?

There are many ways to start and grow a dropshipping business. Our entrepreneur stories talk about merchants who have started dropshipping businesses to make a few extra hundred bucks a month, while others have grown multiple six-figure stores. Whether you are looking to start dropshipping as an introduction to eCommerce or a business model to last forever, it is important to understand how dropshipping can be profitable to you.

Dropshipping as a Side Hustle

best side hustle jobs

What is dropshipping’s main appeal? Because it’s flexible and it doesn’t demand too much time once set up, it’s the ideal side job. Many entrepreneurs choose to do dropshipping on the side while they have a main job that provides steady income. In other words, you don’t have to sacrifice your day job to pursue your dreams of becoming an entrepreneur.

The No. 1 worry here is that your employer will prevent you from having a side hustle, but believe it or not, many companies are fine with it. You’ll want to make sure you’re in the clear by asking about your company’s policy on side businesses and review any non-compete agreements you’ve signed. You also definitely want to ensure there’s no conflict of interest. But if everything checks out, then you’re good to go.

You don’t need to dedicate too much time and energy to dropshipping, meaning you’ll likely be able to take it on without any hitches. Worried that your side hustle will make you underperform? You don’t have to be! You can spend only a couple of hours on your dropshipping business every day and still succeed.

However, it’s important to know your limits. If you regularly work overtime at your day job and struggle to find time for important daily responsibilities, you might not be able to give a dropshipping business the attention it needs. Even though dropshipping doesn’t require a lot, you do need to carve out time in your day for it.

In most cases, it just takes a little bit of time management and scheduling. Plenty of dropshipping retailers manage their main and side jobs easily. You don’t need to sleep three hours a night or skip meals to make it work. You’ll need to figure out a schedule that works for you and stick to it religiously.

Dropshipping as a Full-Time Ecommerce Business

eCommerce Business

One of the benefits of dropshipping is flexibility. You can make your business as big or as small as you want it to be. Many dropshippers choose to do it on the side, but it’s also a viable career path. If you want to be a full-time dropshipping retailer, you can be!

Once you’ve reached customers and gotten enough sales, you can move from dropshipping part-time to full-time. Best of all, you can make this happen at whatever pace you want.

Build a functional dropshipping store instantly! No inventory. No minimums. Get started now. LAUNCH YOUR DROPSHIPPING BUSINESS

Obviously, this is going to take more work, but the payoff is well worth it. Once you figure out how to dropship effectively, you won’t have to worry about unsteady revenue. A well-established dropshipping eCommerce business operates like clockwork, and it can even feel like you’re generating passive income.

And since it doesn’t take up a lot of time, you could even take on a side hustle while still being a full-time dropshipping retailer! The sky’s the limit.

Maybe you’re still skeptical about becoming a full-time drop shipper. But guess what: there are thousands of success stories from entrepreneurs who started out right where you are today. It doesn’t take a degree in business or millions in capital to make a living from it. Plus, our dropshipping tutorial covers everything you need to get started.

The Dropshipping Process

Now that we’ve covered what dropshipping is, let’s discuss exactly how it works. Here’s a step-by-step overview of the entire dropshipping process as well as a look at what the customer experiences (and why it matters).

شرح طريقة التسجيل وبدء العمل في dropshipping - تجارتنا

As you can see, the retailer is just one piece of the puzzle. A successful dropshipping operation relies on multiple parties all working together in sync. It can be broken down into three basic steps:

  1. The manufacturer creates the products and sells them in bulk to suppliers and wholesalers.

Let’s say Manufacturer A makes water bottles. After the bottles roll off the production line, they’re sold in bulk to suppliers and wholesalers, who turn around and resell the bottles to retailers.

  1. Suppliers and wholesalers sell the products to retailers.

A retailer like yourself searches out a supplier for a specific type of product. The retailer and supplier then enter into an agreement to work together.

Categories
Money

What is (Tax advantages) all what you need to Know !!!

(Tax Benefit) 2021

Starting with (Tax-Advantaged)

tax brackets 2021

Read about tax brackets

What Is Tax-Advantaged?

The term “tax-advantaged” refers to any type of investment, financial account, or savings plan that is either exempt from taxation, tax-deferred, or that offers other types of tax benefits. Examples of tax-advantaged investments are municipal bonds, partnerships, UITs, and annuities. Tax-advantaged plans include IRAs and qualified retirement plans such as 401(k)s.

Categories
Money

How to Make Money in Real Estate

There are several ways to invest in real estate. Which is right for you?


Real estate can be a great way to make money as an investor. Not only do real estate investments have the potential to produce excellent long-term results but also tax advantages, and they can add diversification to your overall investment strategy. Real estate has set millions of people on the path to financial freedom and could do the same for you.

However, there are several ways you could choose to invest in real estate — ranging from simple stock investments to fixing and flipping houses and everything in between — and there are some big differences among the various methods. So, here’s a quick guide that can help you get started on the path to making money in real estate.

5 ways to make money in real estate

Categories
Money

How To Be A (Investor 2021)

Best 10 Steps to a Successful Investment Journey

Indeoendent Investor

10 Steps to becoming an Independent Investor

Do you prefer to do things on your own and like the idea of managing your own investments? Here’s how.

Before jumping into action, expect a learning period as you learn the basics of investing that you’ll need to manage some or all of your portfolio. 

As a novice independent investor, you can take things gradually, managing just some of your investments yourself so you can become familiar with the process. 

Step 1: Understand investment principles. 

  • How does the stock market work? 
  • What do the major stock market indexes represent? 
  • What’s the difference between a share, a bond and an investment fund security? 

These are just some of the basic concepts you’ll need to learn. 

Understanding their features, risks involved, liquidity and potential returns will make it easier to choose the investments that are right for you. 

As an independent investor, you’re the one in charge. Make sure you have the skills and time needed to: 

  • Choose your investments
  • Watch the markets 
  • Review your portfolio’s asset allocation 
  • Deal with market ups and downs 

Step 2: Determine how involved you want to be in your investmentsinvestments. 

  • Do you want to monitor your investments day to day or stay on top of the latest news? 
  • Do you expect to make a number of transactions a month, a day? 

Determining your level of involvement will help you decide what types of investment products will meet your needs. 

For instance, trading specific securities will require a bigger investment of your time, in terms of research and monitoring. That’s not the case if you rely on the expertise of portfolio managers to choose investment funds, exchange-traded funds (ETFs) or index funds. 

Step 3: Open an online brokerage account. 

Whether you’re a novice or seasoned investor, or passive or very active, choose the trading platform that offers the features that will work best for you in helping you trade effectively, based on your market knowledge and trading frequency

Step 4: Identify your investor profile and investment strategy. 

  • Why are you investing (goal, horizon)? 
  • What are you looking for from our investments: income or growth? 
  • Do you a good level of tolerance for stock market fluctuations? 

Having a good understanding of who you are as an investor will help you make investment decisions based on your investor profile. It’s also a great way to avoid knee-jerk reactions to fluctuations and stop yourself from acting out of emotion and making the wrong decisions

Step 5: Build your portfolio

Diversification adapted to your situation is about choosing investments across multiple asset classes, management styles, economic sectors and geographic regions, in line with your objectives, investment profile and risk tolerance level. 

Diversifying your portfolio will make it more resistant to market fluctuations. If one asset class underperforms, others won’t necessarily drop in value, as they all evolve in different contexts. 

Brokerage firms often offer model portfolios adapted to many profiles. They can help guide your strategy. 

Don’t forget to take into account transaction and management fees for certain types of products. 

Step 6: Stay on top of what’s happening. 

Stay up to date and do your homework. Many expert studies and analyses are available on brokerage platforms. They also offer tools and training. 

Step 7: Invest. 

Perform transactions. Stick to your strategy. Beware of the know-it-all friend. Be patient. Forget trying to get rich overnight, and don’t underestimate the power of your emotions. 

Step 8: Getting Started in Investing

Successful investing is a journey, not a one-time event, and you’ll need to prepare yourself as if you were going on a long trip. Begin by defining your destination, then plan your investment journey accordingly. For example, are you looking to retire in 20 years at age 55? How much money will you need to do this? You must first ask these questions. The plan that you come up with will depend on your investment goals.

Step 9: Know What Works in the Market

Read books or take an investment course that deals with modern financial ideas. The people who came up with theories such as portfolio optimization, diversification, and market efficiency received their Nobel prizes for good reason. Investing is a combination of science (financial fundamentals) and art (qualitative factors). The scientific aspect of finance is a solid place to start and should not be ignored. If science is not your strong suit, don’t fret. There are many texts, such as Stocks For The Long Run by Jeremy Siegel, that explain high-level finance ideas in a way that is easy to understand.

Step 10: Be Willing to (Learn)

The market is hard to predict, but one thing is certain: it will be volatile. Learning to be a successful investor is a gradual process and the investment journey is typically a long one. At times, the market will prove you wrong. Acknowledge that and learn from your mistakes.

Categories
Money

How to Make Money in Real Estate

There are several ways to invest in real estate. Which is right for you?


Real estate can be a great way to make money as an investor. Not only do real estate investments have the potential to produce excellent long-term results but also tax advantages, and they can add diversification to your overall investment strategy. Real estate has set millions of people on the path to financial freedom and could do the same for you.

However, there are several ways you could choose to invest in real estate — ranging from simple stock investments to fixing and flipping houses and everything in between — and there are some big differences among the various methods. So, here’s a quick guide that can help you get started on the path to making money in real estate.

5 ways to make money in real estate

Categories
Money

What is (Tax advantages) all what you need to Know !!!

(Tax Benefit) 2021

Starting with (Tax-Advantaged)

tax brackets 2021

Read about tax brackets

What Is Tax-Advantaged?

The term “tax-advantaged” refers to any type of investment, financial account, or savings plan that is either exempt from taxation, tax-deferred, or that offers other types of tax benefits. Examples of tax-advantaged investments are municipal bonds, partnerships, UITs, and annuities. Tax-advantaged plans include IRAs and qualified retirement plans such as 401(k)s.

KEY TAKEAWAYS

  • Tax-advantaged refers to favorable tax status held by certain qualified investments, accounts, or other financial vehicles.
  • Common examples include municipal bonds, 401(k) or 403(b) accounts, 529 plans, and certain types of partnerships.
  • Tax-deferred status means that pre-tax income is used to fund an investment where taxes will be paid at a later date and at tax rates at that time.
  • Tax-exempt status uses after-tax money to fund investments where gains or income produced by them are not subject to ordinary income tax,

Understanding Tax-Advantaged

Tax-advantaged investments and accounts are used by a wide variety of investors and employees in various financial situations. High-income taxpayers seek tax-free municipal-bond income, while employees save for retirement with IRAs and employer-sponsored retirement plans.

Tax-Deferred Accounts

Tax-Deferred Accounts
Tax-deferred accounts allow you to realize immediate tax deductions on the full amount of your contribution, but future withdrawals from the account will be taxed at your ordinary-income rate.2

 The most common tax-deferred retirement accounts in the U.S. are traditional IRAs and 401(k) plans. In Canada, the most common is a Registered Retirement Savings Plan (RRSP).

9/1 Tax-Advantaged Investments

Tax-advantaged investments shelter some or all of an investor’s income from taxation, allowing them to minimize their tax burden. Municipal bond investors, for example, receive interest on their bonds for the duration of the bond’s life.

The proceeds from issuing these bonds to investors are used by municipal authorities to fund capital projects in the community. To incentivize more investors to purchase these bonds, the interest income received by investors is not taxed at the federal level. In many cases, if the bondholder resides in the same state where the bonds were issued, their interest income will also be exempt from state and local taxes.


Now What Is Tax Benefit?!

What Is a Tax Benefit?

The term tax benefit refers to a tax law that helps taxpayers reduce their tax liabilities. Tax benefits are often created as a type of incentive for promoting responsible behaviors or commercial activities. These benefits range from deductions to tax credits to exclusions and exemptions. Benefits can cover a variety of areas, such as programs for families, education, employees, and natural disasters. Tax benefits are created through tax regulation, which is determined by federal, state, and local governments.

Tax Credits

A tax credit is applied to annual taxation calculations, but in a different way than deductions are. A tax credit is applied to the amount of tax owed after all tax calculations are made.

 For example, if an individual owes $3,000 after applying all deductions and calculating taxes with their marginal tax rate, then a $1,000 credit would reduce their tax bill to $2,000.