From Start-Up to Stand Out: Here's How to Craft an Engaging Web Service Brand Name!

Creating the perfect name for your web service brand is essential in building brand recognition and delivering a compelling message.

From Start-Up to Stand Out, Here's How to Craft an Engaging Web Service Brand Name: eAskme

However, it's not a duty to be taken lightly; it requires some thought, planning, and creativity.

And today, we'll show you how to get it right.

Great Tips on How to Find the Right Name for Your Web Service Brand:

Great Tips on How to Find the Right Name for Your Web Service Brand: eAskme

Align Your Name with Your Brand Positioning:

Finding the perfect name for your web service brand begins by considering what your company stands for, its mission, purpose, values, and objectives.

Once you have identified these qualities, think about the type of words that would best represent your business.

Ask yourself: what kind of language will resonate with my target audience?

Also, take some time to consider the product or service your company will offer. What words come to mind when thinking about this product or service, and how can you creatively use them?

Consider Metaphors, Visual Imagery, and Emotions:

Once you know what language best fits your brand positioning, consider using metaphors, visual imagery, and emotions to create a compelling name that aligns with the identity of your web service business.

Metaphors are great tools for creating memorable names representing your business's core values.

Additionally, think about the emotion you want to evoke with the name.

For example, is your business a SaaS brand focused on offering B2B marketing services?

Your name should be bold and communicate expertise and dependability in this case.

Brainstorming Names:

Now that you have thought about what type of personality and emotions your name should embody, it's time to start brainstorming names.

First, consider identifying or crafting short and simple words that best describe your web service, and try mixing and matching these words to come up with different combinations.

For example, if you are creating a web service for online shopping, some potential brand names could be "Shopitize" or "Shoply." You can also use metaphors, visual imagery, and emotional words to create exciting names.

Take the company FreshBooks, which provides cloud-based accounting software: the name perfectly evokes feelings of fun and innovation.

Brainstorm as Many Ideas as Possible:

Whether you choose to brainstorm or use a reliable company name generator, It is essential to generate as many ideas as possible during this stage.

This will give you more options to choose from and help ensure that the final name selected reflects the essence of your web service brand.

Look for creative ways to generate ideas, such as crowdsourcing.

Ask friends and family members to contribute their ideas; they may offer something unique that you have yet to consider.

Consider taking an existing word and changing one letter or adding another syllable; this strategy was the secret to naming tech giants like Skype and YouTube.

Research Other Successful Brand Names:

It's also helpful to look at successful brands and analyze their names.

Please list the top ten most recognizable brands and examine how they named their product.

What type of words do they use? Do they use metaphors? Do the names evoke certain emotions? You can get new ideas for your brand name by exploring these questions.

Use Audience Testing Before Making Your Final Decision:

To find the perfect name, consider testing multiple versions on your target audience beforehand to see the perfect name.

While doing so, focus on which words draw attention and inspire actions, as well as which names align most closely with your brand ideas.

However, be careful with your questions; this could potentially lead to a biased result.

Remember that your goal is finding the perfect name for your web service brand, waiting to receive approval from everyone who hears it.

Validate Your Names with Trademark Research:

Once you have settled on a few potential names for your web service brand, remember to visit the USPTO to research whether these names are available for trademark registration.

Companies like Apple, Microsoft, and Google have all received cease and desist letters for using a similar name to one already registered by another business.

To avoid a costly legal battle, search for trademarks before deciding.

Conclusion:

Finding the perfect name for your web service brand is a necessary process that requires thought and creativity.

By aligning your name with your brand positioning, considering metaphors, visual imagery, and emotions, brainstorming as many ideas as possible, researching trademarks, and testing out potential names on your target audience, you can ensure that your company receives the recognition it deserves.

Grant Polachek is the head of branding at Squadhelp.com, a 3X Inc. 5000 company that offers fantastic naming services.

We have assessed over a million names to compile a list of the top names used on the internet.

We are also the #1 crowdsource naming solution in the business world, helping Fortune 500 companies and small businesses find captivating brand names.

Still have any questions, feel free to ask me via comments.
 
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How Much Can Startups Make With Mobile Apps?

Consumers' spending on apps continues to spiral year after year. Google play store generated 11.2 billion U.S. dollars and Apple App store generated 24.6 billion U.S. dollars in revenue.

However, that's a pretty skewed statistic to determine whether your app will generate income.

How Much Can Startups Make With Mobile Apps?: eAskme

There are 5 Million plus apps in the market, and most provide little to no value to users.

Of the 1.68 million apps on the Google play store alone, over 1 million are low quality.

Besides, the app market revenue is concentrated in a few niches and among a few app giants.

Let's examine a statistic. Consumers spent $41 billion on mobile games in the first half of 2022. The top 5 gaming apps got a whooping $4.6+ billion share.

That's almost a fifth of the entire gaming market! This revenue generation disparity is similar in many other niches..

The top ten entertainment apps, including TikTok, Instagram, and Facebook, generate more revenue than the rest of the market.

As evidenced, apps generate lots of money but only for the top dogs. As a newbie with a brilliant app idea, your question could be, "can my particular app idea be monetized?

If yes, how?"

A way to get prompt and accurate answers in consulting mobile app development companies.

Emphasoft, for example, analyzes the viability of your app concept, how you can monetize it, and the potential profit it can generate.

But before contacting them, you could do with some insights.

What Does The Mobile App Market Statistics Say?

Gaming apps were the highest-grossing apps in 2022. Tencent's Honor of Kings, PUBG, Genshin Impact, Candy Crush Saga, and Roblox make up the top 5.

Among non-gaming apps, entertainment apps are the highest-grossing. TikTok, YouTube, Tinder, and Google One are the top 4 non-gaming apps.

There are over 2.8 million apps on Google Play Store. Apple Store has 2.1 million plus apps.

According to Sensor Tower's 5-year market forecasts, total consumer spending on the app market will reach $233 Billion in 2026.

What Should You Consider Before Creating An App That Makes Money?

No doubt, a software startup can generate lots of money. But its market competition is also high.

Thus, you must create the best quality products to stand out in the market. Otherwise, your app turns out low-quality and gets discarded.

That's why in-depth market research is noteworthy, as it decides the future of your application. You can always do good research yourself.

But seeking technical expertise gives you more accurate insights. In that case, mobile app development outsourcing can help.

When conducting your research, it's essential to analyze these crucial factors.

Solution That Your App Solves:

You can't make money from a brilliant app idea until it solves humanity's crucial problem.

People only pay for what benefits them. To understand your app's solution, ask the following questions.

What crucial problem does my app solve?

Which category of people will need my services, ie. Duolingo has a massive market among ESL students.

Which monetization strategy best suits them

Which software development company will help me build such solutions?

By aligning your consumer pain points with your app's purpose, you understand whether such a solution will be successful says Slava Vaniukov, expert and CEO of Softermi.

Thus, you can choose the right monetization strategy.

Who Are Your Potential Customers?

Understanding your consumers' purchasing patterns may help you choose the right monetization strategy.

Before building your app, you should understand its caliber, age group, gender, or demography.

Good consumer research makes you choose the right monetization strategy.

For instance, apps like AutoCAD can make money through purchases.

In comparison, users won't pay to buy apps like Todoist. So their only source of income is through free downloads. Without research, how do you find out?

Who Are Your Competitors?

Getting crucial insight into competitors is non-negotiable when building a successful app.

You can detect similar applications launched in the past, why they became successful or failed, how much profit they have made, and their competitive edge.

With competitor research, you'll know whether the market is saturated. It also helps you detect loopholes in their system.

You can determine the decisions to make and draft a better monetization strategy.

You can also capitalize on their weaknesses, provide a better solution and get a huge customer base in no time.

Technological Feasibility Of Your Idea:

To build a first-of-its-kind solution, you must study the idea's technical feasibility.

Can your potential solution be translated into a functional application?

What monetization strategy suits such a solution?

Otherwise, you may need to introduce new technology.

New technologies could simplify tasks and boost user experience, giving you a competitive advantage against similar applications.

For instance, a retail store can leverage beacon technology to help customers locate products in the store.

A SaaS platform can introduce Sign in With Ethereum (SIWE) to limit users' disclosing personal information when signing in.

It's worth knowing, though, that you shouldn't introduce new technologies just for their sake. Ask whether it brings innovative ways to solve problems or add to your app's processes.

Which Operating System Platform Will You Use?

Android and iOS had formed a duopoly. And it should be the primary focus of developing software for startups.

When starting a software company, you must determine whether to make your solution for iOS, Android, or as PWAs.

Keep in mind that consumer needs and budget could heavily affect your decisions.

Are you developing native apps or Progressive web apps? Your choices could determine your app's functionalities.

Which, in turn, determines whether customers will pay for your solution.

Sometimes, you may choose to exploit other less-known platforms. Such untapped markets can be lucrative places to make money from your apps.

Alternative platforms include :

• Windows OS for Mobile
• Kai OS
• Graphene OS
• Sailfish OS,
• Ubuntu Touch.

What Monetization Strategy Fits Your App Solution?

There are many ways to charge users for your app.

A great application, quality solution, and the right monetization strategy guarantee you make money from your app.

They include:

Premium Applications:

Users pay a fixed one-time fee to download premium apps from Google Play Store or App store.

However, people think that paid apps can't generate enough money because users don't want to download them.

This notion is misconstrued.

According to statistics, paid apps grossed up to $250 Billion in revenue in 2017. Examples of paid apps include professional and educational apps.

For instance, PhotoPills is a professional app that helps video and photographers shoot videos and take pictures. Charging $10.99 for downloads, the paid app grosses between $100,000 to $5 Million annually.

Subscription Apps:

This monetization strategy works best for Software-as-a-service (SaaS) apps. Users pay a recurring fee, either monthly or yearly, to access a service.

Unlike premium apps, this software is free to download but usually requires payment to access its service.

Sometimes, free features are available, while a fee is attached to advanced features.  

Entertainment services are SaaS platforms and are the best models for subscriptions.

They include apps like Netflix, Spotify, Amazon Prime Video, and Pandora. For instance, Netflix generated more than $29 million in annual revenue in 2021. 

Freemium Applications:

The freemium model is another great model to consider when monetizing your app. These apps are generally free to access.

However, users have to pay money to buy in-app properties. It could be a gaming character, tokens, or blocking ads.

Freemium Applications work best for gaming platforms. Usually, these games are free to enjoy. However, users have to pay money to access specific in-game properties. 

In-app Advertisements:

This monetization strategy gets money through ads posted. These ads could be videos, texts, banners, etc. Per in-app ads, appreneurs can earn as high as $10 on average.

Although Ads mean users can access every app feature for free. However, it could affect users' experience and deplete user retention.

What Type Of Apps Generates More Income In 2024?

All apps aren't the same. Some niches are more adopted, thus, generating more income than others.

Gaming Apps:

Gaming apps have a knack for being immersive.

Users can enjoy hours upon hours of games without getting bored. This boosts app time usage and user retention.

The statistics don't lie, either. MediaKix's study shows that 56% of mobile gamers play games more than ten times per week.

For mobile game developers, increased usage means more profit.

The AR-enhanced game Pokemon Go grossed over $3 billion in revenue in 2019. The honor of Kings was the top game in the first half of 2022. It grossed $1.1 Billion.

Even if you're not developing mobile games, you can gamify the app experience for your audience.

A language app, for example, can introduce language games. It helps users test their knowledge and potentially win tokens to open new app features.

By playing games, users spend more time on your app, which means more revenue generation.

E-commerce Apps:

Although growing, COVID-19 ramped up the growth of e-commerce apps.

Millennials and Gen Z now prefer buying things online.

This is evidenced by the growing popularity of e-commerce platforms – Amazon, Alibaba, eBay, and Wal-Mart.

For store owners, building e-commerce applications for customers is a way forward.

Other types of apps generating income in 2024 include

• Dating apps, i.e., Tinder and Bumble
• Entertainment Apps, i.e., TikTok, YouTube, Spotify
• Health and Fitness Apps, i.e., Strava,

Introducing New Technologies To Your App Idea:

Another way to advance your app idea is by introducing new technologies. Let's take a look at some examples.

Internet of Things: By 2025, the IoT market will be valued at around $2.48 Trillion

• Wearables
• Artificial intelligence
• Blockchain technology
• Beacon technology

Find out more

Conclusion:

Money-making opportunities abound in mobile app development.

The app market is showing steady growth as adoption increases. The odds are that you can make money from mobile app software development.

However, you have to get the basics right to create money-generating apps.

It includes adequate market research, creating an unparalleled product, positioning yourself in the market, and using a suitable monetization strategy.

To fast-track your app's success, you may need professional insights.

Mobile app development agencies like Emphasoft offer adequate consulting and provide quality software development for startups. 

If you still have any question, do share via comments.

If you find this article interesting, don’t forget to share it with your friends and family.

Why?

Because, Sharing is Caring!

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Why is Google Investing Big Money Into Crypto Companies and Startups?

Google has been investing heavily in crypto companies and startups in recent years.

This is likely due to the growing popularity of cryptocurrencies and blockchain technology.

Why is Google Investing Big Money Into Crypto Companies and Startups?: eAskme

Google hopes to gain a foothold in this emerging industry before it takes off.

So far, Google has invested in several crypto companies, including Coinbase, Blockstream, and Xapo.

It has also invested in blockchain startups such as BitPay and Chainalysis.

These investments show that Google is serious about the potential of cryptocurrencies and blockchain technology.

Google is not the only major tech company investing in cryptocurrencies.

Facebook, Amazon, and Microsoft have all made similar moves recently.

The mainstream tech industry sees the potential of this new technology.

You can Open account here.

What is why Google invests big money into crypto companies and Startups?

There are a few reasons for Google’s investment in crypto companies and startups.

1. The first reason is that blockchain technology has the potential to revolutionize many industries, including the way we store and manage data. Google wants to be at the forefront of this innovation and invest in companies working on developing new blockchain applications.
2. Secondly, Google knows that the cryptocurrency market is growing rapidly and is already worth billions of dollars. Google hopes to get a piece of this pie by investing in crypto companies and startups.
3. Lastly, by investing in these companies, Google signals to the market that it is serious about cryptocurrencies and blockchain technology.

This could attract more talent and investment into the space, which would benefit Google in the long run.

What is the main motive of Google behind this sharp move?

There are many possible explanations for why Google invests in crypto companies and startups.

One possibility is that technology has real potential and could change how we interact with the internet and digital currencies.

Another option is that they see this as a way to get ahead of potential competitors who may also be looking into this technology.

Whatever the reasons, it's clear that Google considers potential in the crypto market. It shows that Google is willing to put money behind it.

How can this step help crypto companies and startups?

Google has been a significant player in the tech industry for many years.

Its recent foray into cryptocurrency has many people wondering what the company is up to.

While Google has not announced its plans for cryptocurrency, it has been investing big money into crypto companies and startups.

This move could help these companies and startups gain mainstream adoption and acceptance.

Others believe that Google sees that cryptocurrency can bring revolution in the way we interact and make transactions.

Whatever the reason, Google's investment is a vote of confidence for the future of cryptocurrency.

What will be the effect of this investment in the crypto market?

There are a lot of people in the crypto community who are excited about Google’s recent investment in crypto companies and startups.

While the amount of money that Google invests is still relatively small compared to its stall budget, it’s still a significant amount of money going into the crypto space.

There are a few different effects that this could have on the market.

1. First, it could legitimize cryptocurrencies in the eyes of the general public. Google is one of the top companies worldwide, so their investment in cryptocurrencies can make people more interested in them.
2. Second, it could help to increase the price of cryptocurrencies. If the demand for cryptocurrencies increases because of Google’s investment, the prices will go up.
3. Finally, it could help to spur innovation in space. If Google is investing in crypto startups, they are betting on the future of cryptocurrencies.

This could lead to more new and innovative products and services being developed in the space.

Overall, Google’s investment in crypto companies and startups is a positive development for the market.

It could help increase awareness and adoption of cryptocurrencies and spur innovation.

Conclusion:

Google's investment in crypto companies and startups indicates that the tech giant sees potential in the industry.

With Google's backing, these businesses will have more resources to help them grow and scale.

This is good news for the crypto world, as it shows that one of the most prominent players in the tech industry sees promise in this emerging market.

If you still have any question, feel free to ask me via comments.

Share it with your friends and family.

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Start a Business From Home With These Tips

You’ve finally decided – you’re going to quit your 9 to 5 and start your own business. 

Congratulations!

This is a huge change and a significant commitment, but it will be gratifying if you do things right.

Start a Business From Home With These Tips: eAskme

Starting your own business from inside your home is a huge task, and there’s a lot to consider.

If you’re feeling overwhelmed and stressed, here are a few tips and steps you can follow to ensure you’re on the path to success.

Plan Everything Carefully:

This might seem obvious, but many people fail to take their planning seriously.

Before you take this leap, you need to have every aspect of your business planned out in detail.

This means your budget, production plan, marketing ideas, packaging and other minor details.

Consider how you’ll ship your goods – a local company like Couriers Chicago could be a good option for your business.

Think about where your business will operate, where you’ll store supplies and stock, how you communicate with customers, etc.

Know Your Budget:

One of the biggest things to plan is your budget. First of all, think about your start-up budget.

When you begin, there will be several significant expenses, and you might need to use your savings or even take out a loan.

Remember not to spend your entire start-up budget designing an ideal home office space.

You’ll also need to plan your monthly budget – how much will it cost you to keep your business running monthly, and how much money will you need to make to break even?

Refine Your Idea:

Before you commit, you must have someone to discuss your ideas with.

This could be a close friend whose opinion you trust or a business mentor.

Talking through your ideas and plans will help you to refine them until you’re happy that everything is perfect and exactly the way you want it to be.

When you have someone to give you advice or an opinion, it can help you identify pitfalls and flaws in your original plans and adapt them to work better.

Know the Market:

You’ll need to get a clear understanding of the market before you make this commitment.

• Is there a market gap or need that your business will fulfill?
• What is your target audience, and what exactly are they looking for?
• How can you offer something different?
  

You’ll also need to identify competitors and devise a plan for how you’ll respond to them.

This will all form part of your business plan, an important project to complete before you start.

Conclusion:

As you can see, careful and thorough planning is the most important thing you must focus on.

The quote goes, “if you fail to plan, you plan to fail,” which is never more true than in business.

If you take care to stay organized and on top of things, you have a much better chance of succeeding.

Like us on Facebook, Twitter, and LinkedIn, or signup to eAskme for free to get the latest updates and offers.

Share it with your friends and family.

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The Complete, 12-Steps Guide on Starting a New Business

There is no limit on becoming a successful businessperson. For this, no one needs a bunch of money, a college degree, or even years’ experience in business to start something.

The Complete, 12-Steps Guide on Starting a New Business: eAskme

Other people are reading:  How You Can Use Marketing and SEO to fight Coronavirus Impact

However, you need a strong and effective plan, hard work, courage, and drive to see it through.

If you have the plan to start your own business and are looking for help to achieve your goal of becoming a successful entrepreneur, so we are here for you.

Check out our 12 steps guide to turn your big dream into reality.

1. Evaluate Yourself

Start with the most basic questions: why do you want to become a businessman, and what do you want to start?

Identify if you want extra money or freedom; this helps you choose the right side.

Once you have decided now, figure out your skills, where your passion lies, your area of expertise, what sort of lifestyle you want, and how much you afford to invest.

2. Conduct Research

You may have already identified a business idea, and now it is time to check whether or not your business idea balances with reality.

Does your selected one have the potential to succeed?

When once you have selected a killer business plan now, it is time to compare it with the other businesses that are doing well in the market.

For this, you need good research to find out whether your products would be able to attract a great audience or not.

When you come to conduct research on it, you should answer the following questions:

• Who is your target audience?


• Are other companies offering the same services and products?


• How will your new business fit into the market?

3. Make a Business Plan

You need a good effective business plan to make your idea reality.

You can say the right business plan works like a blueprint that will guide your new step-up from the initial phase through establishment and, eventually, growth.

So you need to be very careful when you come to this step.

There are several types of business plans, and you need to choose one that will be more appropriate for your business.

If you find yourself confused while making a business plan, you can get help from any business expert.

They can guide you in a better way to make an effective business plan.

4. Select a Business Structure

Your business structure directly impacts its growth.

Your business entity will affect many factors, from your business liability to its name, to how you file taxes, and many others.

Sometimes newbies choose an initial independent business structure and then reevaluate and change the structure as the business grows and needs change.

It is always a good decision to invest in a business attorney to avoid business complexities and to ensure you are planning the right structure for your business.

5. Plan Finances

How much money you need to invest in your new business is directly dependent on the size of your setup.

If you are starting a small business, it does not have to require a lot of money, but yes, it will require initial investments as well as you need to cover the ongoing expenses.

For this, you need to make a financial plan for how much money you require for your business that includes permits and licenses, legal fees, equipment, insurance fee, taxes, and a few others.

There are uncountable ways to get the resources you need to start a new business.

Look and take into consideration your own resources and circumstances to figure out which plan works best for you.

6. Select Company Name and Get Your Business Registered

Your business name will have its great share in every aspect of your business, so you need to select it wisely.

Make sure to think about all the factors that will be directly linked with the name of your company.

Moreover, you need to make sure that the name you have selected for your business should not be already registered.

This can put you in great trouble.

When once you have chosen an identity name for your business, now it is time to get registered. This is important for you when you create invoices. You can also use specialized free invoice template.

7. Get Permits and Licenses

Your business paperwork makes it legal and allows you to proceed to work on it.

There are various types of business permits and licenses, and you have to choose one of them that is required for your setup.

For this, you may need a business attorney because a random or layperson may be unable to understand the legal technicalities.

Having a legal permit and license to start a business allows you to rent a property and also open the doors of many other facilities for your new setup.

8. Select the Accounting System

A small setup is easy to manage if you have planned things effectively.

When you come to start a new business you need to introduce many systems and the accounting system is one of them.

It is crucial for all companies in order to manage the budget, set rates for the products, and for keeping all the money records.

For this purpose, you need to hire an accountant, or initially, you can manage it yourself with little training.

9. Find Business Location

Selecting a place is important to operate your business; this could mean a store or an office.

Your priorities will differ depending on the need of your business, but here are a few basic things that every newbie should consider:

• Operation style: Make sure your selected location is consistent with your particular image and style.


• Competition: Having competition sometimes nearby is a good thing. Other times, it is not. So before paying for the location, you need to consider it.


• Foot traffic: If you are opening a store and want people to come, then make sure it should be easy to find.


• The infrastructure of Building: Before selecting the location and building, you should consider the niche of your business. For instance, if you are starting an online business, you don't have a place with good connections. And if you are starting an in-person business, then you need to choose a building with good infrastructure.

When once you are clear what to look for now it is time to search the place that will fulfill all of your requirements.

10. Get the Team Ready

To scale your business, you need a team. You need to hand off responsibilities to your workers.

Before hiring a team, you have to decide that you need a partner, freelancers, or employees. Below are our three tips that help you find the right team.

• Share Your Goals: Make sure every single individual of your team understands their role and your vision.


• Hiring Protocols: When you come to hire a professional team, you need to take a lot of things into consideration, from asking the right question to screening people and having the proper and complete forms.


• State the Company Rules Clearly: When you start the hiring process, ensure every candidate understands the company culture you want to implement. That is because great company culture is more about empowering the employees through various channels.

11. Promote Your New Business

There are countless ways to grow and promote your business. Millions are platforms available that offer small businesses different plans to grow fast.

Although there is no direct way to grow your business within days, you can take a few shortcuts.

As you can promote your products on social media, you need to identify and target the right audience to increase traffic for your services and products.

Also, today you can invest in call centers that offer Answering Service all day and night to promote and inform your target audience about your new and previous services.

You can hire writers so they can write to promote your products.

12. Get Feedback

Let people interact with your services or products and absorb what their take is on your products.

Your audience can help you a lot and point out the problems you might have missed.

Plus, listening to these people gives you a chance to improve your service, and they like the services you provide.

You can make different platforms where people can give their suggestions.

This not only helps you to improve your products but you will also get to know what people demand for.

By getting the feedback, you can stay relevant and help your business to grow fast.

If you feel confused or hard to handle the feedback, you can follow these five-steps includes:

• Take out some time to read the comments and don’t take all the positive and negative feedback too much seriously.


• Start saying ‘thank you’ to those who give negative feedback and tell them that you would try your best to improve your services and meet their requirements. Also, encourage them to stay honest; they won’t expect it of you.


• If a few people don’t like one idea, it does not mean they hate all your products. Remember, your audience is trying to help you and giving you suggestions to improve your services.


• If you are continuously receiving negative comments, then you need to sit and work on that specific area to improve it.


• Try to figure out why someone disliked or liked something. What would be the better solution to make it better?

If you find this article interesting, don’t forget to share it with your friends and family.

Sharing is Caring!

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How To Use Credit Card Facility To Grow Small Start-Ups?

What's the one thing your small business needs right now? Money! What's the one thing that's becoming hard to put your hands onto?

Also, money!

When your business is in the early stages, managing finances is the key to success.

However, start-up owners find it difficult to deal with all the expenses while maintaining their business money bank in Canada or other countries.

How To Use Credit Card Facility To Grow Small Start-Ups?: eAskme

But what they might not know or forget due to stress, having a good credit score in Canada or their respective areas can help them balance their business finances while looking forward to getting more capital earnings.

Yes, if you get a rewarding business credit card, you can easily sort out many things like:

●     Business finance account
●     Loan payments
●     Office running bills
●     Employee wages

You can also find a way to get endless discounts and offers to grow your business.

Don't know how? Keep reading the guide to find the answers!

Purpose Of Credit Card For Your Business:

Money is not always the answer, but sometimes, at least for your business, it can solve many problems. For example, it can help your small company thrive and strive in changing market conditions.

And, if you don't want to be an unknown business all your life, you need good business marketing strategies, a stream of finances to manage employees, running costs, investments, loans, and all that hectic stuff.

Here comes the purpose of a credit card for your business in the picture! But before, let's read some reasons why your business might need it:

• Managing finances for your business can become complicated quickly if you're a sole owner or have multiple (still a small ratio) partners.
• The chances of financial and power betrayal increase as there's no set system to maintain finances in the company.
• Your business can lose the advantage of getting investments, supplies, and customers.
  

According to CRA, the worst is the late tax penalties and interest for your business due to improper financial management.

If you fail to deal with those, it can eventually become the reason for shutting down your company.

How To Use Credit Card For Your Business?

Credit card financing appeals to new start-ups and middle-sized business companies with limited funding availability.

A growing business owner might prefer credit cards to open the closed doors of investments.

Or even use the card advantages later in their business to deal with running costs.

Credit card financing can be a suitable type of financing for your business if:

• Your business credit card has a high credit limit
• Your business credit card has a low-interest rate
• You get rewarded every time you use your credit card for business purposes
  

Indeed, you can achieve many good things for your business using a credit card. So, how to use it to the best? Let's find out!

Set Credit LimitsBusiness credit cards to come with endless benefits.

But, they can have quite some pitfalls too if not used properly. So, the first thing you must do is set a credit limit for all your employees.

As per Brex's research, not every employee needs to use a full high credit limit for their daily business expenses.

You can also restrict the credit use authority to certain employees.

• Credit misuse: Employees might abuse credit usage, resulting in missed payments and unauthorized expenses.
• Financial mix-up: They might also wrongly mix professional and personal expenses, which can be bad for business finance
  

It's wise to benefit from corporate limits and take measures to adopt the right business credit usage strategies.

However, not all business cards might allow you to limit employee usage, so do your research first about the card and then choose it for your business.

Make Positive Payments:

If you want to grow your small business with credit card financing, you have to make sure you or your employees don't exploit the credit limit or money power.

Huh?

What does it even mean?

To keep the card in a good range, you must maintain your payment history, business credit score, and debt ratio.

Here's what you can do:

• Prefer paying manageable bills: Use your credit card to pay bills you think you can always pay in full. Yes, you don't want to put tabs on your card that you can't manage.
• Use automated payments: If you or your employee tend to forget the small bills while dealing with the large expenses, you might need to turn on the automatic deductions.

The key is to manage and maintain your card's payment history without suffering financially or emotionally.

Activate Payment Alerts:

If you want to use the credit card best, you must ensure nobody's misusing the business card.

As a business runs on multiple things, financial planning of owners, the credibility of employees, investments, and so much more.

If multiple employees are responsible for managing the finances, then with so much going on, one can expect a bit of wrongdoing.

• An employee in the pantry has the authority to use the card on weekends to buy the supply. Imagine them using a small amount of money every week for personal reasons.
  

Of course, you might think it's fine as long as it's not harming the company's finances?

That might be true for large firms, but every penny counts for small businesses!

So, you should activate the payment alerts even if it was for a dollar.

Understand The Card:

This might seem obvious for the proper credit card usage.

However, we tend to forget the most basic things in good times. But, sadly, those trivial things can become monstrous in the long run.

Therefore, it's critical to understand when a company should use credit. It isn't always the greatest option, particularly for major purchases that can't be paid off in full before interest accrues.

Even when obtaining a loan from a bank or other lending organization requires more effort and technique, it's often financially wise because the interest rate on credit cards is often much higher than for such secured debt strategies.

Use the convenience but don't abuse it!

Yes, a credit card can be beneficial for your business finance management.

However, you shouldn't be misusing the credit to make payments which can put your business into debt because we tend to spend more when we aren't using the cash!

Benefit from the process but don't forget your growth!

A business credit card can be easy to get approved for if you don't have a solid credit history.

However, you shouldn't be careless in using it instead of focusing on building your business credit score.

Invest credit in your business!

Approvals are often easier when you possess assets and have collateral that lenders may utilize to obtain a loan.

Owning your equipment can help you improve your credit score and raise your chances of getting finance from a wider choice of lenders, such as asset-based lenders.

Know The Welcome Rates:

As we said earlier, it's intelligent for a small business owner to know what options he has to grow his business.

That also includes choosing the right business credit card. BDC explains that you have to do your complete research to use the financial opportunities to improve your business financing.

And introductory rates or welcome bonuses are one of the things you can benefit from using a credit card.

• Some business credit cards offer 0% APR for a year or more, with the other good offers.
• These business cards work more like a no-interest loan choice for you which you can grab and utilize for the best.
• You can use the card for large business purchases without thinking about the high rates.
  

However, don't go overboard and make things difficult for your future when the introductory offer ends. So, it's wise to pay the large loan payments monthly, so there's no penalty afterward.

Things To Keep In Mind While Using Card:

The market is filled with endless business credit cards that offer similar bonuses and rewards if you hit definite spending or earning limit.

How appealing it may sound, but as a start-up, you should be extra careful before buying the card and then using it.

Missed Payments Can Be Costly!

You wanted to grow your business using the business card rewards for discounts and bonuses.

But, if you fail to manage it properly, all the benefits will be working against you!

• According to Lendio, a late or missed payment will only make it hard for the business even to continue the regular business
• Missed payments come with a penalty or interest fees usually higher than average. So, if you failed to make the payment timely, you might have to pay double the original.
  

So, you must always balance what you owe and what you pay because only then it can work in favor of your business growth.

Track Your Record For A Better Growth!

Sure we said that money is the most crucial thing for a small business.

However, things can go downhill if you have the funding but don't know how to manage it properly.

So pay attention to all your income and spending over the time and note anything that seems out of context.

• Don't just rely on your gut on this one; be sure you're working with hard numbers and know how your finances have changed over time.
• Make a budget plan, share it with your employees, and make sure everyone understands the goals you're working for.
  

There are various modern tracking tools available that can assist you in doing this task quickly and without performing a lot of cognitive work.

Artificial intelligence (AI) applications or tools are particularly valuable since they can assist you in identifying patterns in your outlay and inflow that would otherwise go unnoticed.

As your company grows, this data can assist you in making enlightened decisions.

Overlooked Errors Will Smash Everything Good!

A credit report is your permit to attract investments and outsourcing funding.

But imagine if the lenders analyze your report and find mistakes in it.

What would the impression be about your business?

Yes, they might think of you as irresponsible and not worthy of business.

• Check your business credit report on Equifax or other official bureaus regularly to make sure it stays error-free
• Keep a check on the growth of your business credit score as it will help you set terms for your finance deals
  

Problems with your finances will arise whether you want it or not – and this will happen pretty frequently.

You should get acclimated to this truth and begin preparing to deal with problems as soon as they arise because otherwise, the problems will worsen, and you will feel trapped.

You must stay on top of these problems and handle them as promptly as possible.

Never Stop Looking For More!

Credit card companies are always coming up with new strategies to grab the attention of new customers.

But, most of the time, they are continuously working to maintain their current user ratio.

And to do so, companies offer endless beneficial offers to start-up businesses that can urge them to keep using the business card.

• Even if you're happy with your present credit card, you should never rule out the possibility that the market will surprise you with better offers.
• Ask around the market what cards other businesses are using or what has been working in their favor.
  

This is only one aspect of running a successful business. Keeping up with current market trends is important for your local market and the entire financial world.

Conclusion:

Managing the current finances while constantly looking for more funding is a struggle a small business owner has to make continuously.

But, the things don't need to be that hard.

You can enjoy all the perks of a business credit card to ease the tension while looking for more investments.

So, give this guide a read to know how to use your card for business growth!

Still have any question, do share via comments.

Share it with your friends and family.

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10 Tips for Starting a Home-Based Food Business

Have you received numerous compliments on your cupcakes or have been asked by friends to be their personal chef for special occasions?

Well, in this case, a home-based food business can be a lucrative way to supplement your income while doing something you adore.

10 Tips for Starting a Home-Based Food Business: eAskme

A home-based food business is nevertheless a business, even if icing cakes or bottling your barbecue sauce appears to be more pleasure than work.

Before picking up your mixer or designing labels for your salad dressing with amazing quotes by guyabouthome, you must plan and research as with any business.

Are you prepared to turn your passion for cooking into a full-fledged business?

This manual will provide you with practical guidance to guarantee that you are compliant with the law.

It will also provide you with the skills to implement best practices on your grounds and help you become more comfortable promoting your products.

Have a look below:

Learn the Legal Rules & Regulations

The first step is to find out the rules in your area for running a home-based food business.

Some states, such as California, have legislation that allows home-based food businesses that meet certain criteria to avoid certification as a commercial kitchen.

There are state and local requirements for operating a business from home, particularly food business.

This includes zoning, business licensing and permitting, and depending on the product, production, and safety requirements.

Failure to do so correctly jeopardizes the company's ability to manufacture and sell the product.

Find the Right Market

You could have the best cupcakes on the planet or the most delicious dry rub ever invented.

But if there is no market for your product, you will not profit from it.

Experts advise conducting focus groups, producing small batches with low-cost packaging, and selling your products to a few retail locations before investing fully in the business.

Conduct Your Business as a Legal Entity

As we know, home-based food businesses are often started as a hobby.

Many industry entrepreneurs make the mistake of continuing to run their business casually.

Whether as an LLC or a corporation, the business owner should create an entity and run the company as that entity rather than individually.

If properly managed, the legal entity will keep the company's liabilities separate from the assets of the individual owners.

Many experts recommend carrying insurance, maintaining business and personal accounts separate, and registering all products as trademarks in the company name.

Hire Professionals

While you may have designed a website for your homeowner's association or taken an accounting class in college, you should think twice about hiring professionals for tasks that are outside of your area of expertise.

Although you could do these tasks yourself, your time is often better spent growing the business, and the result is usually of higher quality when professionals are involved.

Put Everything in Writing

You must document all relationships and work-for-hire provisions to protect yourself and your company in the future.

This is especially true if friends and family contribute to the capital investment required to get your business off the ground.

If people other than the business's owner are involved in creating or preparing the product, the company must assign any ownership rights they may have in their work to the company.

Provisions should also be made for vendors, including website designers.

Having a Professional Image Goes a Long Way

Even if you bake your goods in your pj's while your kids do their homework in the next room, you want to appear to be a well-established and polished business person.

Make an effort to create a professional-looking website, brochure, and business cards.

Make certain that all of your product packaging reflects your company's image and is professional.

No Business Phone Magically Ring with Orders

Many food-based entrepreneurs believe that because everyone loves their products, people will flock to buy them.

According to Steve Brodsky (owner of personal chef company 3 Star Chefs), the most common mistake that he sees in home-based food businesses is the wrong expectation.

It is critical to get the word out about your company. Our advice is to invest as much money as you can afford in marketing/PR/advertising right away.

Pricing is the Difference Between Success and Failure

Before you set prices, spend time researching comparable products and calculating your costs.

You will not make a profit if you charge $20 for a baking job that takes you four hours to complete, in addition to the cost of the ingredients.

However, if you overprice your products, you risk alienating your customer base.

Before pricing any baking job, learn to consider all factors carefully.

Most top chefs warn against pricing too low, claiming that it will set a difficult precedent to break.

You may get clients, but you will not make a reasonable profit.

This can be frustrating and make you feel as if you have squandered your time.

Realize the Price Fluctuation

Prices for items you will use daily, such as flour, butter, eggs, are not fixed and will fluctuate in response to economic and industry events.

It is critical that when pricing your products, you (allow) for price fluctuations so that you can weather the increases and only revisit it on a semiannual basis.

Buying in Bulk to Save Money

An expert home-based business owner was trying to save money on expenses when she first started. The plan was only to buy what she needed for the week's orders.

However, while the initial financial outlay was higher, she quickly realized that she saved significantly by planning and purchasing common items in bulk.

For example, if you are dealing with some reliable retort pouch suppliers, ordering packaging in bulk will make your deal better in terms of money.

It was concluded that when you buy products ahead of time and in size, a lot of money is saved in the long run.

Conclusion:

Starting a food business can be a difficult and intimidating process.

Before you even begin producing your food, there is a lot to think about and do.

It can take years to establish a food business, and it will most likely develop naturally over time.

Your product may evolve as you hone your skills and receive feedback from customers.

When it comes to branding, packaging, and marketing, don't be afraid of trial and error.

Many well-known products have undergone marketing transformations over the years.

Avail the best you can!

If you still have any question, feel free to ask me via comments.

If you find this article interesting, don’t forget to share it on Facebook, Twitter or Google Plus with your friends and family.

Don't forget to join the eAskme newsletter to stay tuned with us.

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Should You Create a Niche or Multi-Niche Website?

Niche or Multi-Niche! Which website or blog works the best?

If you are also starting a new blog/website, you may also have this question in mind.

You can choose either of these.

Should You Create a Niche or Multi-Niche Website?: eAskme

As long as you can fill your blog with valuable content and maintain a clear site structure, any option will work for you.

But it is time to dig more details.

Niche or Multi-Niche Website:

Should You Create a Niche or Multi-Niche Website?: eAskme

When launching a new blog, there are many things that you should consider.

And, I am sharing everything.

Website Structure:

A strong website structure works like the structure of a building.

Consider your blog as a book and categories as their chapters. Fill each category with valuable content. Make sure that each page connects the same way as chapters connect.

It will help you make easy navigation and logical structure on your blog or website. Clear navigation and strong structure are important for search engine optimization.

Consider this advice for every blog or website you are creating.

The best practice is to create a hierarchical design.

Create Taxonomy of blog topics.

Put the homepage on the top and the rest of the pages hierarchically.

Then optimize them according to keywords.

As you go deep into content, you will create categories and content with specific keywords.

It is wise to follow pillar articles strategy with pyramid website structure.

You will always need this structure, even if you choose a single niche or multi-niche blogging website.

Taxonomy, navigation, internal links, and breadcrumbs help build a strong site structure.

This strategy also helps you build authority for your blogging website.

Work on creating enough content or pages to support each category and subcategories.

Create Categories and Subcategories:

Can you create enough content for each category or subcategories?

To create a hierarchical blogging website, you must create enough content for each category.

Create categories based on the type of content.

Create supporting content for each category and subcategories.

Do keyword research to find informational topics for each category.

In the beginning, you can start with five articles for each category or subcategories.

While researching keywords, you will also find additional topic ideas for each category.

Tools like Keyword Everywhere, SEMrush, and AnswerThePublic will help you find suitable keywords for each topic.

Conclusion:

Single niche or multi-niche both blogging sites work in this era of the internet.

All you need is to ensure that you have a solid website structure that is easy to navigate and filled with relevant content.

Keep your focus on creating user-friendly content to please your audience.

If you still have questions? Share via comments.

Find this post helpful, don’t forget to share it!

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How to Start a Food Truck Business?

Do you want to start a food truck business?

The food industry is one of the most profitable industries.

How to Start a Food Truck Business?: eAskme

It may not be easy for you to start a restaurant business, but you can start a food truck business without too much hassle.

Food Truck Business

A food truck is a large truck with the kitchen set up to cook and serve food.

Many startups are choosing the food truck business as they can invest hugely in the restaurant space.

To start a food truck business, you must do the following things:

Cost to food Truck Business:

The Start-up cost of the food truck business depends on various factors.

You have to manage one-time startup costs and recurring costs.

One-time Startup Costs:

Expenses like buying a food truck, POS system installation, Truck wrap, App or web design, legal fees, consultation fees, advertising, PR, office supplies come under one-time startup costs.

Recurring Costs:

Fuel, credit card processing charges, rentals, payroll, permits, and licenses are recurring costs in the food truck business. Anthony Espresso talks about the things you must have in your food truck.

It can cost you upto $110k to start a food truck business.

Business Plan for Food Truck Business:

A business plan is essential to streamline the process.

A food truck business plan will help you to stay focus and get rid of unnecessary expenses. For example, you do not need weight calibration to look into.

To start a food truck business, your business plan should include:

• Introduction to your business
• Company Description
• Market Analysis
• Management
• Product line and service
• Marketing and sales
• Finances

How to find a food truck?

You can find a food truck on sale in local or national classifieds.

Buying a new truck or leasing are also the options to find a food truck for your business.

Even if you are not looking for a new truck, you can find some old trucks with moving companies Los Angeles and customize them according to your food business.

Advantages of Food truck Business:

Ownership:

You become your boss with the food truck business.

In the beginning, it may feel difficult, but later you will find it easy to deal with the tasks.

Freedom:

Food truck businesses give you time freedom, location freedom, and money freedom.

You can work as much as you want, wherever you want, and earn as much as you can.

Conclusion:

The food truck business is something that you need to become your boss.

It is an excellent business opportunity for those who love food.

If you still have any question, feel free to ask me via comments.

If you find this article interesting, don’t forget to share it on Facebook, Twitter or Google Plus with your friends and family.

Don't forget to Twitter to stay tuned with us.

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How to Create a Website Using WordPress?

In the present-day scenario, the utility of websites is beyond explanation.

Websites primarily dominate every single corner of the world. It's not just entrepreneurs that require websites.

They are needed for recognition by everyday users as well.

How to Create a Website Using WordPress?: eAskme

Earlier, it was a daunting task to build a well-organized website. But in the present circumstances, building a successful website is a piece of cake.

With the help of WordPress, you can now easily create one of your own.

A few things are to be kept in mind while creating a website. And if you are one of those people who have no idea about WordPress, we welcome you.

Here you will find every in and out of website creation with WordPress.

Hold tight!

How to make a website: Step-by-step procedure

Creating a website is not rocket science.

The discovery of WordPress has decreased the difficulty level a lot. Statistics claim that 64.8% of all websites use WordPress (reports say it all).

So, you may understand very well how predominant WordPress is in the web world.

Here is a step-by-step process to create a website on WordPress.

Choose WordPress

There are numerous website-building platforms.

People also know them by CMS, aka Content Management System.

They give you some creative tools to put down your ideas tactfully without coding and decoding.

There are hundreds and thousands of building platforms.

But WordPress is the king's crown. So, the first and foremost step is to choose WordPress as the building platform.

If you want to ace the art of website building, you may check WordPress developer Sydney.

Fix a name

This is probably the most enjoyable task while building a website with WordPress. You are entirely free here.

So you may use your wit and humor while picking a name for your website. Now, remember that there are about 2 billion websites all over the internet.

So being original here might seem a little daunting.

But there are some tips for you to be successful at picking names:

1. Try to keep the names related to the niche of your website.
2. Make sure the name is short and easy to memorize.
3. Put all your creative caliber to use and create something that sounds incredibly interesting.

Buy a domain and hosting

There is nothing to be worried about. While buying a domain and hosting, you will not need an extra tech head. Just a simple calculation will do.

First, choose a reputable hosting that is optimized for WordPress. Then, choose a convenient hosting plan.

Plans generally cost $2.75 to $5.45 per month.

Now it is time for you to choose a domain name. Be intelligent enough to select a domain because your customers will be searching for you.

Install WordPress

Since the hosting you used is optimized for WordPress, this step will not be difficult.

After installing WordPress, simply login to the WordPress button from the hosting page, and Ta-da!

You have arrived at the destination successfully.

Select theme

This is a creative section of the whole process. Every website you see has attractive designs and themes.

Likewise, you should also decorate your website with innovative themes and color combinations.

And WordPress is probably the best building platform for themes and varieties.

You can get free customization and buy some of the highlighted stuff as well. You can even customize one for yourself if you want.

Determine appearance

A well-organized website should have proper navigation, a menu section, and separate content areas. So, plan wisely and execute accordingly.

Create different navigation buttons like Home, Contact us, About us, and many more.

Try to decorate the web tags with creative slide animation movies. Select a specific font for a recognized identity.

Content

Now comes the essential part of all, the addition of content.

Understand the pursuit of your website and add content accordingly.

If possible, add a comment section at the bottom of each content.

Also, it gives extra credit if you attach the social media tags (Instagram, Facebook, YouTube, Twitter) at the end. The engagement becomes more vivid.

Final thoughts

A website is an amalgamation of multiple things. Branding, sales, marketing, and creative developments are a few to name.

Knowing them all at once is, of course, not possible. But nowadays, the invention of these building platforms has lowered the stress.

Using the features creatively may fetch you hundreds and thousands of followers and customers.

Therefore, scan through every word carefully. Explore every section of WordPress, and you will be a webmaster very soon!

Good luck

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