How Can The Chinese New Year Affect Your Business

One cannot deny that the Chinese New Year, or the Spring Festival, is the most celebrated festival in the Chinese calendar. It can fall anywhere between January 21 and February 20. This upcoming holiday is not only important in China as it also appears to be influential in other Asian countries including Taiwan, Hong Kong, and Singapore.

As China’s position in the business world is significant, the Chinese New Year will pose an international effect for the companies or people who do business with it. That being said, here some elements that you need to prepare before the CNY celebrations begin.

THE RED ENVELOPES

To accommodate for this festive period, companies dealing with Chinese manufacturers or retailers must adopt to the local practices. This accommodation shall extend to companies dealing with international trade.

For starters, you must prepare red envelopes with money inside. These red envelopes are usually given in the form synonymous to a 13th month salary. It is issued to employees in January as a bonus for CNY.

THE ADVANCE PURCHASES

Manufacturers in China will be closed for a month. Then, they will have a month to get back to their previous rhythm. To welcome the Chinese New Year in a blissful note, you must forecast the needs of your company and buy in advance.

Minimize the disruptions in your business operations by ordering a two-month supply to be delivered from China to Singapore. While it may seem difficult in terms of cash flow and storage space, this preparation will ensure that you will not run out of stock during the festive period. Remember that promotions tied to the holiday seasons can attract people to buy more. By forecasting your needs early, you may perfectly cater to the purchases of the customers. Furthermore, this preparation will enable you to safeguard your inventory.

THE BUSINESS TRIP

The general advice regarding business travel during or around CNY is to reconsider. It is not a suitable time to come to the country for business. Since most businesses will be shut down, it is not a conducive period to get things done.

However, there may be cases wherein a visit to China for business is essential. In this particular situation, you must take some precautions. Start by having your accommodations booked ahead of time.

Image Credits: IQRemix via Flickr Creative Commons

While the CNY may improve your business network in China, it goes without saying that family is the top priority at this time. From a business perspective, being prepared for the upcoming Chinese New Year will go a long way to avoid any problems!

Sources:1 &2

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How Does The World’s Richest Man Spend His Money?

In 2018, Amazon’s founder and CEO Jeff Bezos triumphed over Microsoft’s founder Bill Gates as the world’s richest person. He owns 16% of Amazon, which he founded in his garage in 1994. His current net worth is a whopping US$138 billion (about S$186 billion)! His growing wealth was boosted as Amazon acquired the healthy grocery chain called Whole Foods.

Image Credits: pixabay.com

As the only person in the Forbes list to rank with a 12-figure wealth, how does he spend his money?

PROPERTIES

It comes as no surprise that Mr. Bezos and his family has homes around United States. He owns a lake house, which is estimated to be worth about US$25 million (about S$33 million). His neighbors include Silicon Valley’s tycoon Bill Gates.

Not to mention, his Washington D.C. home belongs to a neighborhood where previous United States President Obama and Ivanka Trump resides. Said home was bought for about US$23 million (about S$31 million).

However, the state of his properties may change due to the recent announcement of his divorce.

INVESTMENTS

With all his wealth, he decided to diversify his portfolio. He has invested some of his money in Uber, Google, Airbnb, Washington Post, and Business Insider. What’s more?

Image Credits: pixabay.com

Bezos Expeditions has invested in businesses including Basecamp, Twitter, Juno Therapeutics, and Workday. Imagine having these big names in your reservoir!

EXPLORATIONS

His contributions to space exploration is his most ambitious venture yet. You read that right! Mr. Bezos has a passion for aerospace.

His love of space led him to finance the recovery of the remains of the Apollo booster-rocket engines. The engines were located from the bottom of the Atlantic Ocean, which is about 14,000 feet down. At his request, NASA donated a restored F-1 booster to the Museum of Flight in Seattle. Moreover, he believes that his company Blue Origin can make affordable tourism possible!

The actualization of this passion project may commercialize space exploration. Who knew that having a honeymoon in outer space can actually become a valid option in the future?

According to the reports published on The New York Times, he is selling about US$1 billion in Amazon stock a year to fund this venture.

Image Credits: pixabay.com

Are all his efforts worth it in the end? More importantly, will a Singaporean tycoon follow the steps of Mr. Bezos towards space exploration? Only time can tell!

Sources: 1 & 2

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Eliminate Your Fears and Doubts About Payday Loan – Read These 3 Major Benefits

Payday loans are a quite typical way to get a few hundred pounds in case of an unexpected emergency.

A quick payday loan basically means that you can get a particular amount of money when you’re in need and then repay the amount, plus interest when your next paycheck has been paid.

In this guide, we’re going to delve into the benefits of choosing your first or next payday loan as your finance of choice. So, eliminate your fears and doubts about payday loan because these 3 major benefits will tell you how beneficial they are for your urgent needs.

1.  It’s Fast It’s Furious, It Is Payday Loan

Payday cash loans offer a fast way to get funds into your account.

The majority of loan companies make an effort to transfer the money within 1 to 2 hours of your application approval – it is helpful for your pressing emergencies such as car repair, broken central heating boilers, car rent to pay.

The particular speed at which your loan is approved may, however, depend on whether or not you’ve fulfilled all the important prerequisites and provided the appropriate documents and information or whether you are a best-suited candidate for lender’s Payday Loan Refund policies or conditions.

If you’ve been rejected, you’ll be informed of this in a short time, and you may then take your time looking for another company to take you on.

2.  You Don’t Have to Leave Your House to Get It

The vast majority of loan companies in the payday loans industry are digitising their operations, and their application process is purely electronic because this industry is moving away from conventional in-house, written application forms, which means that to get the loan, you don’t even need to leave your house   , or wherever you may be at that time, providing it has an internet connection.

While going about acquiring a conventional loan usually means attending appointments or having to plan a call with your loan officer.

It’s also rather handy that you’ll get your loan in cash rather than in the form of credit like you would if you decided to make application for a credit card instead. As it is in cash form, you can easily use it for your urgent matters and get your life back in line.

3.  Get A Reward of Largest Amount on Repaying Your First Loan on Time

If you have successfully paid back your loan by the due date, your loan provider will be able to offer you a higher amount of money on your future loans, given that you’re still earning income or employed, and your financial situations aren’t worse off.

For some loan providers, there’s usually a maximum amount of money you can borrow as a first-time customer such as £400 or £500, and this may increase to £1,500 or £2,500 once you’ve paid back the first in a timely manner.

 

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How Do Wire Payments Work?

In this modern age, whenever you need to transfer money anytime and anywhere, a wire transfer can do the job for you. Wire payments are safe, reliable, and fast. The process of doing a wire transfer is relatively easy and convenient. If you still do not know how to make wire payments, here is a guide to help you out.

What is a wire payment?

Wire payments is a way to transfer your money electronically. Basically, the process goes like this: money from one bank will be transferred to another using an online settling facility called SWIFT or Fedwire. Wire payments allow individuals to send money across countries while maintaining security and efficiency. With this transaction, there is no physical money being transferred between financial institutions or banks.

What can you use wire payment for?

Wire payments are typically used to remit money from different places and usually used for business transactions. For example, you have a business selling bags with raw materials from Europe. Instead of mailing money, you can wire transfer and be paying suppliers in Europe from the comforts of your own home across the globe.

There are also several types of wire payments including:

  • Bank-to-Bank wire payments

The name already speaks for itself. A bank-to-bank wire transfer is merely a transfer of funds from one bank to another. This can be between accounts within the same banks, accounts in two different local banks, or accounts in two separate international banks.

  • Third-party wire payments

A third-party wire transfer is an electronic payment using a third-party money transfer service like PayPal or Western Union. This is done by coursing your money through a middleman such as PayPal to make the transfer to your recipient’s bank account. Their service includes making transfers using your credit card to your recipient’s bank account.

How fast are wire payments?

If you need to transfer money fast, wire payments can be the perfect tool for you since money is moved within one to two days. Better yet, if your wire payments are within the same country, it can be done within the day or even within minutes through same-day transfers. This simplifies the supplier payment process by miles. Unlike checks, you will not need to wait for funds to be cleared because money moves simultaneously. For entrepreneurs selling goods and services, wire payments can be safer than accepting a check since checks bounce.

How to make wire payments?

To send money, you will just need to open an account and follow the bank’s instructions for making a wire transfer. Typically, you will be asked to provide some information about the recipient’s bank account name, recipient’s bank account number, amount to be transferred, scheduled payment date, and bank code (only for international transfers). With advances in the banking industry, a majority of banks will no longer require you to submit a bank form for a wire transfer. Instead, you can simply just key in the details in your banking app and make the transfer.

On the other hand, to receive money, you will need to give your bank account details to the business or person sending money to you. Always double check to make sure you have the correct account numbers. Since money often gets moved in minutes, it may take a while for the funds to be credited back to your account if in case you make an incorrect transfer.

Sometimes, banks charge a fee for the transfer. Fees vary depending on the transaction and bank. So, you may want to check with your respective banks regarding the prices they charge for wire payments.

How safe are wire payments?

Wire payments are 100% secure as long as you do it with your bank or certified third-party payment channels.  However, the downside is that it cannot be canceled once the other is sent. So, make sure you have the correct details of the recipient if you are sending money and accurate information of your own account if you are receiving money. If ever you miss anything, you can call your bank to make the necessary arrangements to ratify the situation. However, it may take a few days to get your money back.

Conclusion

There you go, you have everything you need to know to make a wire payment. You are now ready to make wire payments. One of the best benefits of making wire payments is that no physical money has to move between one place to another, which mitigates a lot of risks. Wire payments are one of the quickest and most efficient ways to move money around to make payments anytime and anywhere.

 

 

 

 

 

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Highest Paying Affiliate Marketing Programs to Join

The digital age has indeed paved the way for many people who would like to venture into different types of business, including those involving more innovative ways to earn online. Thanks to the internet, it is now made more accessible to find the right tools, platforms, plus a legit group of experts that can help ensure that your business will thrive or flourish.

Affiliate Marketing (plus hard-work, of course) is a sure-fire way to earn money online. But how does it guarantee your online business’ success? All the information that follows will yield the best highest paying affiliate marketing programs out there for you. Learn more about them on journalreview.org, and you’ll be amazed by the endless possibilities of making your next online business a hit.

What is Affiliate Marketing?

Affiliate Marketing is one of the most in-demand ways to make your online business succeed. But how do you go about it? Affiliate Marketing happens almost every day—when you’re online shopping or making your purchases on the web or your phone, clicking through links and whatnot. This process is what link owners do to promote a specific product or brand online and get something like a portion of the payment in exchange—say, through a commission.  Referrals are another example that involves discounts on purchases by promoting the company or brand to other customers—talk about a ‘win-win’ situation.

Here are some of the highest paying affiliate marketing programs:

  • Amazon Associates

The Amazon Associates program allows its partners to sell whatever Amazon sells, and in return, partners will earn a sales commission. This platform is extremely potent in terms of sales, because of its massive product catalog and top-of-the-line technical support. However, stiff competition can make it difficult for sites that are not yet optimized.

For you to be successful with Amazon Affiliates, you must have a highly centralized niche site. However, secondary sales will also be viable. This program also offers commissions for links that made it through to Amazon, even if the linked product was not purchased. Although this program provides large commissions, the downside to this program will be its performance-based structure—you will have quotas to meet for you to reach the highest commission tiers.

  • eBay Partner Network

Most people are under the impression that eBay is only an auction site, where sellers post items for sale for buyers to bid, leaving no room for affiliate marketing. However, eBay found a solution to incorporate affiliate marketers into its system.  Certain product sales are now made on the storefront rather than the traditional auction basis; these storefront sales can be used to earn affiliate commissions.

Here are two essential benefits to this partner network program:

  1. eBay commission rates are relatively high when compared to competitors’ affiliate programs.
  2. eBay offers a double-the-commission bonus for first-time user referrals.
  • Rakuten Affiliates

Previously known as Buy.com, Rakuten is growing leaps and bounds. Rakuten has been ranked amongst the top e-commerce companies around the world. This platform is also known for their support and legitimacy when it comes to affiliate networks.

Rakuten’s platform is packed with excellent platform options and tools that you can utilize to easily and quickly optimize your website. Additionally, like the platforms mentioned above, Rakuten allows its partners to have access to its massive product catalogs.

  • iTunes Affiliates

iTunes is an excellent media platform to make use of as an affiliate, mainly because of its support from Apple. If you’re into selling music, movies, apps, and digital products; then you’ll have your niche through iTunes.

Apple offers commission on both in-app purchases and apps. For example, linking to Clash of Clans can earn you commission from sales made from in-app purchases. This program is unique for its commissions coming from in-app purchases on free apps.

  • Peerfly

Peerfly has one of the highest commission offers in the CPA network, and if you’re on the lookout for high-value individual sales; then Peerfly is the way to go. However, if you’re new to affiliate marketing with no history of notable traffic, this platform may not be for you.

That being said, Peerfly is more of an exclusive platform for affiliate marketing superstars. However, If you’re lucky enough to get in, Peerfly can be an excellent platform for you to make a living. But always remember to follow their rules and keep away from black hat techniques.

Closing thoughts

Affiliate marketing, like all other marketing strategies, will need hard-work and perseverance—it’s definitely not a get rich quick scheme. However, having the right approach and high-quality content can easily make you a few thousand dollars per month from affiliate marketing alone.

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