Pricing Handicrafts

Whenever you sell something, you need to be sure that you are charging enough for it in order to cover your costs and make a fair profit. Collecting and analyzing this data is known as a price analysis. One area that has been studied recently is the global market for handcrafted goods from India. For centuries, the only way to get these items was to travel to India as a tourist and bring them back, but thanks to the development of global markets and cheap transportation, embroidered silks, carvings, metalwork and more are available worldwide. This means that prices have to be set, and that is where price analysis comes in.

Control for Variables

Many things go into determining the price of an item and handmade goods can be tricky. Some costs are fixed; for example, the cost to purchase supplies and raw materials and transportation cannot be controlled by the artist most of the time. The cost of the artist’s time is where the wiggle room comes in. A key consideration for artists is that they are fairly compensated for their work, although this is not always the case. Setting an income target for the business is important before determining a price.

Research the Market

Examine the markets where the items will be available. Are the items high-end home furnishings that will go to brick and mortar stores, or are the products lower-end items that will be available at discount stores like Walmart or Target or online? Will the items be displayed at trade shows where buyers can see and feel the items and then place orders? Is the item considered a niche product with few outlets but a high price tag? All of these points need to be considered.

Analyze the Audience

You also need to think about who is going to buy the artwork. Will this be a large, one-time purchase, such as a piece of furniture or a large carving, or are customers going to buy multiple pieces over time, such as with dishes, glassware or linens for the home? Analyze your audience to help you create the kind of goods people are likely to buy.

Check Out the Competition

Research what else is out there. Multiple sellers are not necessarily a bad thing. Because handcrafted items tend to be one of a kind, customers may be willing to buy the same kind of thing from several different sellers and may appreciate the variety.

After you have gathered the data, a price analysis will indicate how prices should be set in order to meet your business goals. This kind of tool can make or break a business.

Six Important Factors to Consider When Choosing an Online Casino

With a huge variety of casinos now present in the online space, players have a massive amount of choice when it comes to the website that they can join and play on. And, most online casino operators today will invest their budgets into promotion and marketing in order to attract their target audience, beat the ever-growing competition, and win the race for the best online casino. Investment in online casino marketing is definitely rewarded, with more and more players these days choosing to play their favourite casino games online instead. If you enjoy popular games like Blackjack, Poker, Slots, and Baccarat – and want to play these from the comfort of your own home rather than going out to a casino, then you might be looking for a great online casino website to join. Here are some of the main factors to look for before you sign up.

#1. Design:

The design is the face of the casino, welcoming the players and being the main determining factor when it comes to their first impressions. Your own design preferences will probably play a part here; do you prefer something simple, easy-to-use, and typical of an online casino, or something unusual that impresses you? Some players may feel more comfortable in a traditionally designed space like casino.netbet.co.uk, which offers a wide range of popular casino games, whilst others appreciate a smart, innovative or unusual look and feel.

Of course, it’s not just the look that’s important when it comes to design – usability is also a main factor to consider. How quickly do the website and the games load when you try to access them? How easy it is for you to sign up, log in, deposit cash, and find the game that you want to play? How easy is the registration process?

#2. Choice of Games:

The good news is that most online casinos will offer a huge range of games – but it’s always worth taking a look before you join to make sure that they offer the type of games that you are hoping to play. Even if you’re looking for a certain set of popular games, you’ll probably appreciate having as much choice as possible. Ideally, you should look for casinos that offer games from well-known, trusted providers like Amatic, NetEnt, and Evolution Gaming. And, check whether or not the casino also offers fresh and innovative content such as Pragmatic Play or Endorphina. Games from the world’s best and most trusted gaming software developers are a great indicator of an online casino’s reputation.

#3. Payment Options Available:

When it comes to choosing an online casino, convenience and security are some of the biggest concerns – and this can often be measured by the range of payment options that are available. Just like the games, players need to have a choice of various payment options – and for casinos, the more they offer, the more players they tend to get. For players, a wide range of payment options such as credit and debit cards, PayPal, payment wallets, vouchers, and Apple Pay or Google Pay means that you can make a deposit in whichever way is the most convenient for you at the time.

#4. Easy Withdrawals:

Just like a variety of payment methods to make depositing your bets easy, you should also look out for an online casino that offers easy withdrawals. The less time and paperwork that it takes to access your winnings, the better! The good news is that most online casinos today will simply allow you to enter your bank account details before you can make withdrawals of all or part of your winnings directly to your bank or back to the payment card that you deposited with. And, check whether or not you will be able to save your card or bank account details on your account for later; this will make it easier when you come to withdraw your winnings again in the future. Most online casinos will take a few working days to process your winnings request, but you can find some that pay out faster.

#5. Support:

Even if you’re a pro-casino gamer and have played at a few online casinos before, it’s always worth going for an option that offers strong support – you never know when you might need it. Live chat support is an ideal option as players can easily use this to talk to customer services about any issues with sign up, deposits, withdrawals, or simply getting advice on playing a certain game. Look for an online casino that offers 24/7 customer service via webchat, email, and phone so that you have peace of mind. If you do encounter any issues at any time of the day or night, you know that you can turn to somebody who’ll be able to help you out.

#6. Bonuses and Promotions:

Finally, online casinos offer a wide range of different bonuses and promotions for both new and existing players. For new players, sign-up bonuses often tend to be more lucrative in order to encourage new registrations. As a result, you may be able to enjoy free money to play with, deposit match bonuses, free games, free spins and much more as a thank you for becoming a member of an online casino. Not all online casino sign-up bonuses are created equally – so it’s definitely worth doing your research beforehand to make sure that you are getting the best deal. And, check back on different casinos regularly; many sign-up bonuses and offers are seasonal. For example, you’re more likely to get a generous sign-up bonus during the holiday season at many online casinos. In addition, it’s also worth checking which promotions and bonuses you’ll be able to access as a player – some casinos offer regular tournaments, competitions, and more that you’ll be able to take advantage of once you have joined.

When it comes to choosing the perfect online casino for you, it’s not surprising that you might feel overwhelmed by choice. Keep your eye out for how well your chosen casino matches up when it comes to these six important factors.

3 ways to protect yourself legally in self-employed business

There can be many benefits to being your own boss. Hours are flexible so you can work around times that suit you and there’s no one to report to other than yourself so you can manage workloads that you know you can complete easily without hassle. Because of this, many individuals are choosing the route to go self-employed.

Whilst it can be a great option for you, it also means that you have to consider more important aspects to cover your business. It’s a big responsibility that requires some proper attention. Here are 3 legal aspects that you need to consider if you’re choosing to become self-employed.

Gain an understanding of the legal implications for your business

As a business, you’ll be likely offering a service or product in some way. What you provide will have some restrictions and implications of how you can offer it and risks with the product themselves. With this being the case, it’s important that you do your research around what you can and can’t do as part of the product and service that you offer. Hiring corporate solicitors Manchester based is one way to get help in such circumstances.

Customer health and safety is extremely important in all forms of business. Legislations are constantly being reviewed by organisations to make sure the services and products being offered are legitimate. Failure to follow these legislations can put your business at a big risk.

Tax registration

When you’re employed through a business, tax deductions are automatically dealt with through your employer and wage. As you’re self-employed, the onus will be on you to declare your tax and deal with tax registrations. Failure to register will put you at risk of tax evasion, which could potentially lead to imprisonment.

Thankfully, in recent years it’s now extremely easy to register for tax through online services. It provides the option of how you wish to set up your business so it’s worth considering what stage your business is at. Setting up your business as a limited company can be beneficial for future estate planning with contentious probate solicitors Manchester based.

Business insurance

Not investing in business insurance can provide a heavier loss in the future. It’s understandable that you wish to save money towards the early stages of your business, but this is one expense that you should definitely take out.

There may be a time when a customer isn’t happy with their service or an employee feels unfairly treated. In which case, they may wish to take legal action against you. Because you’re unlikely to have the funds to deal with it yourself, taking out business insurance can give you a safety net for such situations.

Ensure you protect your business

When you first start out with a business, protecting yourself legally should be the most important aspect you should think about. Big losses can occur from legal actions which could bury your business in debt or even cause your business to close. Protect your business as quickly as possible.

What To Do For Online Investments in 2020

2019 has been a particular year for what concerns online-based businesses. Everything ranging from Amazon FBA to Dropshipping has been impacted by a multitude of price increases in terms of paid social advertisement and hosting problems on AWS. With this in mind, there have been some speculations regarding which are and which aren’t good business models to follow in 2020 for what concerns online investments, let’s analyse some of them.

The Rise Of Dropshipping Services

Let’s state a major fact: Aliexpress and everything China-related for what concerns dropshipping is dead. As said above, ads prices rose in the last couple of months and so have such Chinese suppliers prices. With this in mind, it’s important to understand that dropshipping isn’t just limited to physical goods and cheap products that have been white labelled on a quickly built Shopify store.

In fact, drop shipping as a whole has evolved to drop surfing, where websites are building an interface which supplies services ranging from insurance, real estate renting and finance. There are many drop shipping portals which are providing financial services, ranging from stocks trading to long term finance. (given the fact that refurbishments were such a popular topic in 2019).

Don’t Blind-Trade

Online trading has become a substantial matter for what concerns online investment. In fact, what was once known as an incredible niche topic has moved to a more “mainstream” audience, also because the entire “online entrepreneur” culture has built significant relevance on Youtube, with famous ones being Tai Lopez, Grant Cardone and Gary Vaynerchuk. With this in mind, especially given the fact that online trading has been approached by many youngsters, it’s important to have a deep market understanding before starting this matter, otherwise, it will basically be considered as a mere form of “online gambling”.

Invest In Data Science

In 2019, data science has risen to the top for what concerns technology development and, in fact, many companies started to open offices where the Python-savvy developer would have been able to create and manage such data. With many startups opening on the matter, in 2020, this could be quite an easy form of investment, especially within the real estate industry.

This could also be considered from a technological point of view, especially for the entrepreneur who is technical in his approach and knows the ins and outs of the front end development industry. Data science is being used in a variety of business sectors, from commercial property management to eCommerce.

To Conclude

These are 3 of the main forms of investments for what concerns the mobile industry. There are, indeed, many different skills required in order to be successful within these areas, given the fact that these are not just simply “supply and demand” based, but, it’s safe to say that the future of online entrepreneurship will move towards this type of approach.

How to Transform Your Side Hustle into a Genuine Business

If you have been having a successful time in a side hustle, gig or ‘passion project’ then you may want to consider taking it a step further when it comes to the New Year. As developing your business could open up a whole new world of success. So, with that in mind, here are some of the key factors you can work on in order to develop your side hustle that one step further in 2020:

Why Develop Your Side Hustle?

So, your side hustle is going well. You’re making money, feeling positive and you are starting to wonder: could you be doing more? The answer is almost always: yes.

The fact is that whether you mean to or not, almost all successful side hustles eventually begin to morph into full-blown businesses. Intentionally taking that step from ‘side gig’ to ‘legitimate business’, however, can be a thorny path to cross.

Dedicate More Time

Okay, your side hustle is doing well based on the amount of time spent on it so far. But, how much time has that been realistically? Have you been working both weeknights and weekends to make this work?

By no means should you burn both ends of the candle in order to achieve a full business out of your side hustle, but allowing more hours to work does help. If you have been fairly stingy with the amount of time invested in the side hustle, consider upping that now. As it will be more time and investment at this stage which will now push your business forward.

Seek a Partner

If you want to take your side hustle all the way then it’s important to consider taking on a business partner. You may have avoided this route thanks to slight unease or unwillingness to share the profits, but think about it. With a partner, you could easily make up for a skills gap, gain useful contacts or simply double your work output as a side hustle/business. For example, if you’re an app development London professional, you may want to seek a partnership from an Alexa developer in the north. Not all partnerships end in horror stories, no matter what the internet might prefer to tell you.

So, start networking with like-minded individuals and try to suss out who might be worthwhile partnering with. Even short-term collaborations can be useful. With that in mind, don’t knock anything until you see what might be available to you!

Focus on Successes

By the time you have developed a side hustle to the point of potential expansion, you will have a good grasp of what works and what doesn’t. If you want to move forward, then it is vital that you concentrate doubly on the successes you have had. Whilst, potentially for good, leaving the failures behind.

Doing this, you will enable your side hustle to shed a certain weight. Thus potentially giving yourself enough buoyancy to shoot higher as a result.

Set-Up Specific Systems

Systems tend to make a business function more smoothly, allowing the day to day tasks to tick by peacefully. Implementing these early in your side project in order to support your business as it grows, then, could be simply good foresight. Good systems to have in place early includes: invoicing, accounting, document filing and even something as simple as having a separate business account for your side hustle.

Consider Hiring

Developing your business to the next level may require extra work, not all of which you can complete by yourself. This is the point where you may want to consider hiring additional talent to support your burgeoning business – such as freelancers.

Of course, hiring a full-time employer for your side hustle at the exact moment of expansion may seem like one step too early. So, instead hire on freelancers for a specific period of time every week or month. This way, you can get help on specific projects or clients in order to expand your side hustle into the next stage of business.

Final Thoughts

Turning a side hustle into a fully-fledged business isn’t necessarily as easy as saying: 1, 2, 3. But it can be much simpler than you may anticipate. Get a plan in place and you will be able to achieve a steady growth trajectory over a set period of time. Which, compared to other business models, may help you to develop a much stronger foundation of success.

Understanding Product Development

Developing and launching new products is one of the most important ways for your business to expand. New products give existing customers more chances to spend money with your company, and provide a clear way for you to attract new ones.

Product development is neither cheap nor risk-free – you have to invest substantial resources in research and development, and the production of prototypes before you have a product you can launch to start earning back it’s development costs and turning a profit. Even if you do invest a lot of time and money in making a product you think is perfect for your customers, there’s a chance they won’t agree, and if you organise a big product launch with a strong marketing push behind it, and the product fails to find it’s audience, it can do some serious damage to your brand. Think of a movie studio that invests a lot of money in what they hope will be a summer blockbuster: if it gets critically savaged, and hardly anyone goes to see it, not only do they lose the majority of the money they invested in making the film, it also becomes less likely people will go to see future films made under that brand.

It’s worth taking the time to understand how the product development process works, so you can make more informed decisions about how you’re spending your money.

Concept Testing

It’s important to test not just prototype products, but the very concepts you’re considering taking forward to development. Customers need to be able to grasp how this potential new product can work for them: why it would be valuable to them and therefore worth spending their money on. If they can’t grasp the concept that the product is based on, it’s unlikely to be worth the money it will take to design and make it.

Iterating on Prototypes

When you begin to produce prototypes, be it of a physical product or mock-ups of the UI and functionality, it’s important to give consumers access to see how they use them. People within your own business already know how your systems are meant to work, so they don’t make good test subjects.

To get a true read on how good your designs are, you need outsiders, unprejudiced by a history with your products. Working with a market research company can help you find testers, as well as finding the right way to learn from their use of a prototype. Asking the right questions and watching their behaviour in the right way will give you the insights you need to feed into the next prototype, and ensure you’re iterating your way to success.

Small Business Expansion Tips

Most small businesses want to expand. The problem is that this is not at all something that is really easy to do. Unfortunately, expanding without a good plan in place can easily lead to failure. As an example, when you hire many employees and you do not really need them, bankruptcy is quite possible.

No matter what your goals are, if you want to expand your small business, here are some great tips from the Fix It Right Plumbing company in Melbourne, Australia. These tips will surely help out a lot.

Focus On Company Culture

Every business needs a very strong company culture, no matter how small it is. This is what keeps employees together when exponential growth starts. When you do not know how or where to start, just talk to the team you have. Think about why the company exists and what its values are. Then, work on the company vision.

You want employees to feel connected to the company so they can stick together if times are tough. Strong company culture will attract brand new customers too so be sure that you are consistent.

Hire The Best People

Hiring is a huge part of successful business growth. You need to take the time that is needed to find the best possible employees. When you hire the wrong staff members, it is so easy to end up failing to manage business growth.

When you hire people, be sure that you think about company culture, not just skills. Will the people you hire be a good fit for the team you already have in place?

Proper Innovation Helps

As the small business expands, it is tempting to spend money on creating new products or improving what is already sold. The problem is that this often happens in an inappropriate way. Do not blindly focus just on one thing. Try to innovate in other parts of your business. For instance, innovate onboarding experience or maybe adopt some brand new technology to scale the customer service department. The goal should be to gain more stability in your business. After you do this, you can focus on introducing new products.

Always Focus On Brand Recognition

As the customer sees your advertising campaign, slogan, packaging or logo, your goal is to be sure it is instantly recognized. Building brand recognition is by far the most important thing at the end of the day. Everyone knows the “Just Do It” Nike slogan. Try to achieve something like this and you will end up with long-lasting customers that are loyal and keep coming back to your business.

Focusing on brand recognition does not mean you should forget about the customers you already have. There are many small business owners that are blindly focused on getting new customers when they should be focused on that and keeping their current ones. Existing customers have to feel valued. When this does not happen, you have a big problem. This is because getting new customers is much more difficult than getting your current customers to come back.

Car servicing Tips: Make Business Road Trips more bearable

Are you someone who travels for business? If yes, keep reading on because frequent business trips can take its toll if they are not managed properly. Just like a recreational road trip, business trips need to be chalked out before hand too. In the latter case, there should be even more stringent planning because it is work related and money is on the line. Did you know you can relieve yourself from road problems while commuting for work just by being more careful with car servicing? Well, car servicing sounds pretty basic but it can really make a huge difference in your life – especially if you have constant field trips.

·        How often you service your car is important

Being consistent with your car servicing is key. It minimizes the potential problems and reduces the probability of getting late to a business conference. You should get service done from time to time, a general recommendation is to get it done semi-annually.

·        Quickly go through your car service manual

Business owners don’t have any extra time on their hands but if you could skim through your car service manual, you would discover many new aspects about your vehicle. For example: when the car parts need replacement, how many times  should you get the service done etc.

·        Look for recommendations when choosing car service centre

Just look around for recommendations because you really won’t have time to research. If a fellow colleague or friends has recently tried a car service centre and is happy with the results, you should follow their advice. Who you get it from is by far the most important factor which is going to determine your overall vehicle health. So if you are puzzled & don’t really know who to select, choose DAT Tyres for your car servicing needs as they have good customer reviews– click here

·        Look after your tyres

Car tyres are highly prone to wear and tear. To ensure smooth driving you need to look after your tyres and that includes inspecting tread depth and also checking for any unnecessary cuts or bulges on the surface.

Reasons to Choose Interdependence Public Relations For Your PR

If you are looking for a public relations company which is going to help your business to reach its goals then I would strongly recommend using Interdependence Public Relations. This service has helped my business more than I ever could have dreamed of and I have no doubt that they will be able to do the same for you.

Looking for a PR company which fits your business is not easy and before we fund these guys we spent months and months sitting through meetings with many PR agencies who just didn’t quite fit well with what we were looking for. In all honesty it was a real relief when we found Interdependence PR because we had almost lost hope. We knew within just 5 minutes of our meeting with them that  these were the guys we were going to use, and I am very happy to tell you that we made a very wise choice indeed. This is what you get when you use this brilliant PR team.

Creativity

Creativity is a must when you use a PR company and you should expect that they think in a different way to you, in order to achieve the same goals. I now realize that this is a company which is very difficult to get a job with because they set such standards. This is why you can count on their creativity because only the very best get to work here.

Market Knowledge

Most PR firms operate in one particular industry or niche and they understand and know those markets very well. This was actually what we were looking for and when the guys at Interdependence told us that they operate in a number of marketplaces we were slightly worried. We really shouldn’t have been however because in terms of our industry they knew it inside out. They knew how to communicate with the consumers  in this industry, what kind of language to use, how to promote things to the market and they also had a deep understanding of the competitors within our niche.

Dedicated to Success

One of the biggest issues which I had with so many of the public relations companies that we sat down with was that they just didn’t really show us that passion which we were looking for. My team and I are hugely committed to success and delivering results and within just a few minutes with the team here we could clearly see that they are built in the same way. They showed us that they were just as committed to delivering results as us, and that blew us away.

Having worked with this company for two years now I can say that our original thoughts about the company were entirely accurate and they have not only promised results, they have also delivered them time and time again.

This is a brilliant PR agency who will most definitely lead your team and your business to find the success which it has been looking for.

Tax Audit Reviews: A Guide on Independent Tax Audit Representation

If you’re like many taxpayers, you’ll never hear from the Internal Revenue Service (IRS) personally. Then again, you may easily become the target of an IRS audit when you least expect it. If you find yourself facing a tax audit, one of the smartest moves you can make is to pursue independent tax audit representation. Here is a glimpse at what this type of audit representation involves.

When you filed your taxes, you may have assumed that you would never be audited. As a result, you might have turned down the opportunity to purchase pre-paid tax audit representation, which would have allowed your tax professional to defend you during your current audit. However, all is not lost. Why? Because an audit defense company can still provide you with the representation you need during your current audit.

According to current tax audit reviews, you can expect your independent tax audit representation provider to evaluate your audit letter from the IRS and then discuss with you its recommendations regarding how to move forward during the audit. Then, the company will take a look at your audit-related documents before the government has a chance to see it.

Next, the company you choose to represent you will attend all of your audit appointments for you and defend your return vigorously. The company may even prepare a request for an appeals conference or a federal tax court petition if necessary. All in all, the company’s ultimate aim is to minimize the tax audit’s financial impact on you, according to the latest audit defense reviews.

Independent audit representation is especially invaluable for business owners. That’s because audits involving business owners can easily cost money and time—two resources that business owners simply can’t afford to give up. With the right assistance, you can get through any tax audit with confidence either now or in the years ahead.

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