Save More on Your Money Transfers

A lot of people have loved ones and friends who lived abroad. If you do and you have sent money to them, then you know it can be expensive and stressful. This is especially true if you send large amounts of money, as the fees for bigger transactions can be quite high. If you’re looking for a better solution, then you’ll be glad to learn that there is an alternative out there. FX companies are ideal for anyone who wants a new way of transferring money abroad. They can not only save you money, but are incredibly convenient as well.

FX companies are different from banks, although they offer a service that is very similar. The main difference lies within the way that they transfer money, which helps them offer more competitive exchange rates to their customers. In addition to this, it helps lower fees for customers so they save in more than one way. FX companies also offer a lot of convenience for clients so they don’t have to worry about the same issues as they do when they go through banks to transfer funds.

Some important benefits you should know about using this type of service includes:

1. Lower Transfer Fees

FX companies do not charge the same hidden fees, commissions and huge transaction fees as regular banks do. This means their services are far more affordable than traditional banks, saving you money every time you make a transfer. Over time this can add up to quite a bit of money saved.

2. Lower Exchange Rates

When it comes to transferring money abroad, exchange rates are extremely important to consider. Fortunately if you take a moment to search around, you’ll find that FX companies are far more competitive. They can be as low as .4% while banks can go as high as 5%. This is big savings in your wallet every time you transfer, and less money for the banks to take.

3. Time Savings

FX companies are known for their quick service when transferring money. For example, with a bank this service could cost you 5 days of your time, but with an FX company, it could take 48 hours or less. If you don’t have a lot of time to get the money over, then this is going to be incredibly helpful for both you and the recipient.

4. Convenience

When you go to a bank to transfer money, you’re restricted to the times that they are open. This could mean having to wait a full day to transfer the money, or having to change your schedule just to make it to the bank. FX companies are different, because they are open 24/7. They allow you to transfer funds at your convenience, and have online services so you don’t even have to leave the comfort of your own home to get this task done!

5. Locked Exchange Rates

Currency rates are constantly fluctuating, and this can mean spending more money than expected when a money transfer finally goes through. Fortunately with FX companies this won’t be a risk. That’s because they lock in the exchange rate when you transfer so you don’t have to worry. Your broker works with you to ensure you save money and don’t spend more than necessary.

What to Expect

The process of transferring money through an FX company is quite simple. This service is regularly used by individuals who make international money transfers due to the fact it saves them both time and money. If you’re going to use an FX (Foreign Exchange) company to do this, then you’ll first need to open an account. This doesn’t take much time; the longest part is waiting up to a couple of days to be approved. Once everything is set up, you can deposit money into the account using your bank, credit cards, debit cards, eWallet or any other accepted method.

When the money is loaded, you will be able to type in the details of your recipient and set up the location for them to pick it up. You’ll also be able to lock in the exchange rate at this time. To make this easier, keep these tips in mind:

1. Keep your transaction receipts just in case something goes wrong.

2. ONLY use registered FX companies, or else you’ll be putting yourself and your money at risk.

The next time you need to transfer money abroad, try using FX companies over banks. Chances are you’ll like it so much that it will be your go-to transfer method in the future.

Improve your currency trading and make more money in the near future

Are you new to currency trading or you’re a seasoned trader? Well, irrespective of whether or not you’re a novice or an expert, there’s always a space for improvement. Even an expert trader requires improving his skills and a novice trader should definitely do the same in order to be successful in the long run. For successful trading, education is the key to success. You have to inform yourself about the tricks and traps of currency trading and the concerns of this article will give you more information about the ways in which you can hone your skills.

Analyze and strategize: All the professional traders who are successful do some things that often the amateurs forget. They plan a strategy and follow the trends of the market, track and analyze each of the trades and this is specifically true during Forex speculation. Most successful traders start off with a sound strategy and stick to it all the time. They decide the currency pairs that are always right for them, they decide how long they need to stay in a position and they also set targets.

Follow the forex market: Utilize forex charts and forex news to monitor market information that affects your positions. Charts are like a necessary tool that improves trading returns. You can easily recuperate the money that you’ve spent on charting package from a single trade that has been well-placed. Keeping a close eye on the current forex news can also help you influence the currency market.

Maintain a forex diary: Majority of the traders fail since they make the same mistakes over and over again. Through a diary, you can keep track of what exactly works for you and what doesn’t. When you use it consistently, this can be your best friend. Maintain the date and time in which you took a position, the rate, the reason behind taking the position and the strategy that you used during that position. Did you follow each and everything that you had planned? This is something that can be tracked when you follow a forex diary.

Therefore, if you’re someone who is wondering about the steps that you need to take in order to become successful in forex trading, you can take into account the above mentioned steps. For added assistance you may get help from forex broking institutions like ETX Capital.

Avoid making these financial mistakes as a small business owner

Handling finances remains one of the primary responsibilities of entrepreneurs today. However, if you are like most of business owners out there, you are likely to know little about handling your money. Running your own business remains a stressful proposition – especially because you are always finding it challenging to make ends meet. If you are plagued by a series of monetary concerns at the present moment then be rest assured that there are several crucial money mistakes which you are still not able to figure out or identify. Today, we will be pointing out a few critical money mistakes made by businesses—so that you are staying away from such practices. This post, we hope, will be of help—regardless of whether you are real estate entrepreneur dealing with Real Estate Mangalore or an SEO company offering web design or development services.

Are you making these money mistakes as a small business owner?

Mistakes are part of your learning curve as an entrepreneur. However, if you are never able to identify those mistakes, you will end up getting stagnant. In fact, the bigger the financial mistakes are, the greater are the chances of you phasing out gradually from the scene. Here are a few financial mistakes of small businesses which you need to be aware of:

Combining business and personal finances

Small business owners are doing it all the time without keeping track of the kind of losses they end up suffering. You might as well be the sole owner of your business using your personal credit card to fund equipments or other business expenses. In this manner, it gets difficult for you to calculate profits accurately. The taxes turn out to be an even bigger headache. IRS might as well end up believing that you have purchased personal items with your personal funds and have deducted them as business expenses. If you are not maintaining separate banking accounts for business and personal funds then securing business loans gets difficult as well. The situation worsens when you have got business partners on board.

Not investing in competent accounting skills

Again a very common entrepreneurial error! You might as well end up managing all the financial tasks yourself or investing in the cheapest possible option—someone who only has basic skills in accounting. It is very important to invest in a competent accountant or finance manager. You can go on to ask your peers if they can suggest any name in this regard or not. The competency of the accountant can be gauged from his ability to handle taxes, payroll and creditors diligently.

Seeking credit too late

What do most of the entrepreneurs do? Seek business line of credit when their business are not running well or are at the brink of extinction. This is absolutely not the right time to approach lenders since they have little confidence in your repayment capacity. Instead, seek help when your business is running rock solid and the lenders are convinced of your repayment capacity.

Under quoting

In a bid to lure clients in the highly competitive market, businesses have clearly gone overboard with their under pricing gimmicks. No doubt most of them are in red today!

A Few Tips to Manage your Start-up Finance

Proper finance management is critical to the growth of start-ups. You might as well be leading a solo or a micro business with zero finance planning. The lack of financial projections might not find you at the end of the road initially. However, as your business grows you will realize how important financial planning for the success of your business is. You might as well have high hopes of churning out desirable profits from your professional venture (everyone has such hopes). However, without proper financial planning it will be difficult for you to meet those financial goals. Once you are determined to quit your present job for your own venture, you are required to make some adjustments in your finances. It is like moving from a rented flat to your own house. All this time you were paying house rent in Coimbatore and now you will be paying mortgage. With mortgage your financial habits often require significant changes. Similarly, once you start being at the helm of things you need to consider the fact that there are your employees whose salary need to be paid every month. There are a lot of other aspects of finance which you need to take care of. However, the sense of your responsibility grows from there. Given below are a few tips to ensure that you are right on track when it comes to managing your start-up money.

It is very important to study the market

Make sure you are analyzing your domain properly. Invest proper time in studying your field. If you are in to internet marketing, it would be great to have a few financial case studies at your disposal. Which are the internet marketing agencies which have registered huge profits in recent times? Does the internet provide any financial record of these companies? From where did these companies secure their profits? What about the companies suffering losses now? What is that one financial decision which spelt their downturn? If you are assessing the financial reports which are procured from accurate financial system then the road to future comes within clear focus for you. It is like evaluating where your money is coming from and where it is going.

Study the business patterns

Yes, make sure you are studying your business patterns closely. Which are the products which have sold? Why did they sell? Was it because of the season change? Was it because of a change in trend encouraged by a particular movie? Once you are able to analyze your sales trends better you can actually go on to manage your inventory and staff levels better. You can plan improvised sales campaigns as well. Besides, you will also be able to monitor variable expenses and identify unauthorized expenses and possible instances of embezzlement or theft.

Consider consulting a financial advisor

If you are confused about ways to handle your business money on your own you can actually consider investing in a financial consultant or accountant. Finance management remains one of the most overlooked aspects of a business. As an entrepreneur you might as well be too busy in managing your inventory, planning marketing strategies, “timing” expansions and so on. It becomes very difficult to assess financial reports, tracking exact sources of earnings and identifying unauthorized expenses in such a scenario. You can turn to the help of financial consultants, as a result. You can check the credentials of the financial consultant before zeroing in his/her services. A reliable accountant has the required expertise to take care of all your needs with ease.

If you had been finding it really difficult to handle your money, then the aforementioned tips have hopefully been of help.

Online Money Making Methods that Don’t Work

The internet is filled with collections of tips about how to make money online. Some of the methods are more effective, others are less probable to yield results, and there are those select few that only work if you invest a lot of time, money and work in them – and even then the chance of failing at them is high. After trying several methods I can tell you that the most efficient way to make money online is to play euro palace mobile casino games – if you are into that sort of thing, of course. In this list I will present you with a few that I have tried and which failed to have considerable results in the long run.

1. Completing online surveys

I have registered to several websites that offer paid surveys for their users, and I can tell you that in the long run it pays – only not nearly enough to be considered a reliable source of income. The longest term relationship I had was with a major international market research group, which sent me survey invitations about once a week. The result: since I registered in 2006, I was able to gather about $250 (the minimum amount they pay out). I am a member at another major survey site which pays a lower minimum amount, but that one sends me invitations about once a month. So, this one method did not work for me at all.

2. Starting your own blog / portal

I have tried several times to start a website on several topics – especially technology related, as it is one of the areas of interest for me. One of my projects I started a few years ago had a bit of success – it generated enough ad income to cover its hosting expenses and I was left with enough cash for a handful of beers at the end of the day. Running your own website and making a living off of it needs a lot of work – research, writing, editing – and a lot of money for advertising, too. Starting a new one to make money off of it needs a lot of investment if you want to have success. So, for a complete beginner in the web publishing business it is a very unreliable source of income, at least for a few years after it has started.

3. Writing content for third parties

The content writing market is huge, as millions of websites are in need of fresh, original and quality content. Unfortunately, there are millions of people who try to make a living off writing for them, so the market is close to being saturated. I took a look on what offers I could find on freelancer portals several times – and whenever a new one was posted, tens of offers have arrived within seconds on any of it. So, for a beginner with no experience whatsoever on writing for the web this, too, is an unreliable source of income.

I am still exploring the possibilities of finding a reliable, long term income source online, but so far I have nothing much to report. When I find the golden formula, I will get back to you on this pages. Until then… good luck!

How to Get the Most Out of your Business

How to Get the Most Out of your Business

Running a business is not an easy task – it never was, and it never will be, until somebody invents an artificial intelligence to do the job for us. Businesses always balance on the thin line between gain and loss. Some businesses try to stay on the positive side by reducing their expenditure to the minimum – but this often leads to loss of good employees due to a too small paycheck, or the lack of spending on things that are essential to the business’ survival. Others try to expand their product range or territorial coverage – but this can also lead to the business to collapse. Here are some tips that may help you avoid either, and stay on the right side of the balance sheet.

1. Haggle

As a business, you will always need services and products from third parties – internet services, cell phone subscriptions, paper, pens, whatever. These third parties have prices thought out for businesses, which are usually quite decent, but there is always room for improvement – especially if you are their returning customer for quite some time. This is the perfect time to start haggling.

After being a customer for some time, say six months or a year, you can start asking for some extra benefits with your contract. A service provider hates losing a customer, so there is room for negotiation here – you can add extra data to your cell phone subscriptions, discounts for your copy paper orders, and so on. All you have to do is ask. And if you have a competitive offer at hand, you can use it as an argument – or as an alternative supplier, if your current one fails to be flexible enough.

2. Boost your efficiency

Take a good look at how things are done in your company, and try to make improvements to the way things are done. By keeping your eyes open you can possibly discover things that cause money to trickle out of your business in ways you never thought possible – traditional light bulbs used instead of energy efficient ones, or three copy machines instead of two. Identifying these leaks and plugging them as soon as possible can reduce your monthly expenditure considerably in the long run.

3. Spend more

This might sound surprising for an article that talks about how to reduce your spending – but spending more in the short term can sometimes save you money in the long run. What I’m talking about is to choose reliable and quality solutions instead of cost efficient ones, which will serve you better and for longer. When it comes to computers, be sure to invest into a good security solution – don’t go with free alternatives, as they are usually unreliable. Consider the money a possible server failure would cost you – you’ll see that a proper internet security solution is way cheaper. Offering your customers freebies and discounts is a great way to spend wisely. This may not be apparent but when you offer customers something for free or at a discount they build trust in you. Online casinos are very good at this. They draw in players by offering limited free products such as free spins on slots and other games. For example all slots flash casino offers new players free spins on slots. This method of engaging with customers build their trust and will benefit your business in the long term.

+1 – Keep your mind open to suggestions

If you want to make your business more efficient, be sure to listen to the suggestions of the people actually working. They are the ones that interact with your business on a daily basis, and they are the most qualified to tell you what needs improvement. Sometimes their suggestions might sound trivial or minor, but listen to them and consider them nonetheless – sometimes the smallest things can offer you the most savings in the long run.

Learning by Other’s Mistakes: Things Every New Entrepreneur Should Avoid

Most businesses fail inside of 10 years. It’s a sobering statistic, with 71 per cent of companies failing by year 10. The hardest hit industries are in information and transportation, with just 37 percent and 45 percent, respectively, remaining in business after 4 years. Here’s how to avoid becoming another statistic.

Don’t Hire Unqualified Employees

When you’re first starting out, it’s tempting to want to take on extra help. In fact, in many cases, this can be a good thing. Too many entrepreneurs like to tackle everything themselves. There’s something romantic about building your own business all by yourself.

But, when the time comes to hire people, a lot of business owners turn to friends, family, and other people who might not necessarily be qualified, even if they seem like decent folks. Also, don’t hire the lowest wage worker. There are plenty of people willing to take a job for a low wage these days, but not all of them are qualified.

Talk with experienced entrepreneurs about the level of skill needed for the job you’re hiring for, as well as the market rate for such talent.

Work With Someone

Don’t be afraid to work with a co-founder, especially if this is your first business. Find someone who has done it before, made mistakes, and come out on the other side, healthy and profitable. Those people will help you avoid a lot of the mistakes that most new business owners make. And, the experience will be invaluable.

Imagine not having to make mistakes about your corporate structure, taxes, and payroll or hiring mistakes. Being in business is already risky enough. Let someone else show you how to get around the administrative and legal hassles that all companies face.

Don’t Forget Payments

You need a way to take payments. Many businesses don’t think enough about this issue because they take credit cards for granted or they themselves pay cash for most things. But, many consumers use debit cards and credit cards and, for those transactions, you’ll need a good merchant services provider.

You can find them through sites like, but just make sure you understand all of the terms and conditions of the contract before you sign.

Don’t Be A Patent Troll or Intellectual Property Snob

Entrepreneurs are “idea people.” That’s what makes their business so cool – they have a killer idea that they think they can make money with. But, in the process, they get “lawyered up,” and they lose sight of what makes ideas saleable.

Lawyers love the idea of patents and trademarks and, while there is a place for them, you shouldn’t get so wrapped up in them that you can’t (or don’t) share those wonderful ideas with other people. Ideas are a dime a dozen, really.

Most people, even successful people, won’t steal them from you for two simple reasons:

1)       They’re too lazy to follow through or;

2)       They don’t have the money or drive to see it through to completion like you do.


Finally, don’t forget that you don’t have to hire a staff (that gets expensive). You can always outsource labour to third-party freelancing websites or to incorporated vendors. Don’t try to do everything yourself. In general, you can outsource menial administrative tasks and bookkeeping to other people while you focus on the money-making activities.

Joanne Andrews is a business consultant. She enjoys writing about the business world on the web. Look for her articles on many business and entrepreneurial sites.

Collaboration in a new business venture: should you or shouldn’t you partner?

When you’re considering starting a business with a partner, it’s vital that you learn as much as possible about them before making a commitment. You’ll certainly have to shoulder less of the financial burden and risk, but differences of opinion and profit sharing can eventually create very real conflicts between the two of you. Before moving forward, consider what your own expectations are of a potential partner; ask about their financial situation and establish whether they can make a genuine commitment of time and energy.

Some businesses can adapt well to having a joint leadership strategy; after all, you’ll boast twice the skills, knowledge, contacts and drive of those owned singly. Better still, you can bounce ideas off each other and fine-tune your best innovations collaboratively. If things go wrong, both of you will have a different perspective on the key issues; this can help you come up with a more creative solution and avoid similar problems occurring in the future. A partnership reduces the fear of failure that most entrepreneurs have felt at some point; with a partner you’re never alone. In the good times and the bad, they are a sounding board, a brother/sister in arms and a listening ear – as you are to them.

However, just like in a marriage, you have to knock the corners off each other as you go, and if one person doesn’t pull their weight, refuses to compromise, or their circumstances drastically change, you may find your partnership teetering on the edge. Resentment is most common when one person is – or perceives him/herself to be – doing most of the work and only receiving half of the rewards. Conflicts can also arise when your future plans begin to diverge; a business plan has to be reworked regularly, but if you don’t see eye to eye with your co-owner, it can be impossible to do so successfully.

To find out more about this or any other aspect of investments, head over to Wesley Edens’ site; he’s a leading financial executive with 25 years of experience and heads the private equity arm of Fortress Investment Group. He has managed its development from small private investments to becoming NYSE-listed and having a global reach. Wesley continually works to improve the services in his industry, overseeing both traditional and new alternative types of investment.

The urgent necessity of teaching personal finance in classes – Educating the new generation

As countries like the United Kingdom and Australia have already voted to make personal finance education necessary in school systems, the United States of America is also moving fast to assert their leadership in this vital venture of bringing back financial classes in schools and colleges. Promoting financial literacy is the primary aim of these countries and since the young generation is the future, it is all the more important. A few weeks ago, the CFPB or the Consumer Financial Protection Bureau introduced ‘Transforming the Financial Lives of a Generation of Young Americans, a white paper with particular recommendations for promoting financial education is grades K-12. At the same time, the Treasury Department has also created a website called, a site that offers teachers personal finance lessons that befits their English and Math classes.

The schools in the US are usually governed at the state level and are it pretty unlikely that they will ever have a government mandate for enhancing financial education for K-12 as it is in the UK or Australia. But most of the states have started participating in the common initiative of boosting financial literacy and this will be in force throughout 2015. Apart from this, the new website of the Treasury will also help teachers with worthy personal finance lessons.

It’s all about not repeating financial mistakes

CFPB is the powerful financial federal watchdog that sprang from the economic crisis and it has the wide-ranging interest of safeguarding the interests of the individuals. Since its birth, CFPB has been focussing on simple financial statements and mortgages and now they have turned to the younger generation. Young generation should not repeat the financial mistakes committed by their previous generation. This is why CFPB is supporting this plan to incorporate financial lessons in K-12 classrooms. Here are the recommendations of the agency.

Introduce some of the most vital key financial concepts in kindergarten and a personal finance course for graduation for college

Introduce classes on personal finance questions in some tests and exams

Offer incentives and perks to teachers who are involved in training in personal finance class

Provide practical learning chances as they start relating to poor economic management

Offer parents with different tools that discuss money topics with their kids

Personal finance classes are the most vital class in college

Whenever you head off to college, you step out of the bubble created by their parents, and it is then that you prepare for a career and start making decisions on your own. Your first lesson should be to set up a budget and stick to it throughout the month. No matter which stage of life you are in, creating a budget and then sticking to it can also be a tedious job.

Lessons on credit card are vital too

Apart from the normal personal finance course, you also have to learn about credit cards. There are some personal finance advisors who focus on some of the negatives of cards but one should always know about the positives. Using a credit card means that you don’t need to carry a lot of cash but that doesn’t mean that you have to buy everything with credit cards. They carry outrageously high interest rates and hence you should use it according to your affordability. Over-using credit cards will lead to credit card debt and that will make you run after third-party companies after going through the debt consolidation reviews.

Other financial advice for students

Apart from the above mentioned advice on general personal finance and credit cards, here are some other advices for college students that they need to follow.

After opening a checking account, you should obtain a debit card and not a credit card. However ensure that there is at least one branch ATM nearby so that you can withdraw money whenever you need to. If the bank that your family uses doesn’t have an ATM near your college campus, switch to one that has.

Students with their ID can avail to different discount programs and you should look for such programs. There are many local businesses who give 10-20% discounts to students.

Try getting a part-time job as there are many openings at the start of each semester. This will help you with some passive income.

It’s time to save money for emergencies and for some big purchases that you plan to make down the road.

Hence, it can be well understood that personal finance is indeed one of the most important lessons that should be included in high school classes. The current young generation should be financially literate as it is only then that they can grow up to be responsible individuals who will cause no further harm to the nation’s economy.

Real-Time Marketing

Email marketing is the top performer for return on investment and customer engagement metrics when compared to more traditional forms of marketing. It takes a huge effort to structure and carry out a direct to business or direct to customer advertisement campaign when it is with print media or telesales. With email marketing software, you can create a marketing piece in a few hours and send it to customers and potential customers all over the world. These emails are not only well-planned and designed they are also up-to-date with the real-time information that customer’s need.

Some Tips for Effective Email Marketing

• If you offer a newsletter, let subscribers choose the frequency they will receive them. If newsletters are too frequent, readers may not open them. They may prefer a monthly newsletter.

• Offer avenues for feedback. Customers should have easy access for providing testimonials and opinions about your product or service.

• Establish your company as an expert in your field. If you are a trusted advisor, customers will come back to you for information and suggestions. Don’t make a sales pitch in every email. This strategy is also necessary for your website. Called content marketing, you offer valuable information that the consumer needs and let them choose you for their next purchase.

• Target your markets. You can get marketing software that will identify different markets, different groups of customers and different buying cycles, do you can send the appropriate email to each group.

• Timing is also important. Email marketing should always be sent in the afternoon. Most people are swamped with emails in the morning and are too tired to look at them in the evening. The best days to send marketing emails are Tuesday, Wednesday and Thursday for the obvious reasons that Monday is too busy and Friday is too late.

Personalized Information

Email marketing also gives you the opportunity to put personalized information into each email. You can include the customer’s past sales or purchasing history. You can also select a specific group such as customers from San Francisco. You can then target them with emails that speak directly about San Francisco which makes the email more intimate.

Since marketing always involves testing, emails make it extremely easy to use graphics, colors, headers and special offers to see what your customer’s like. You can change versions and designs for different groups to see the response you get.

Online Gambling in the US in Danger

Online gambling in all its forms in the United States was banned at a federal level by a law we can consider ancient today: the Wire Act of 1961. The law states the following: Whoever being engaged in the business of betting or wagering knowingly uses a wire communication facility for the transmission in interstate [...]

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Do You Have What It Takes to Succeed at Arbitrage Betting on Sports?

Arbitrage betting is one way to try guaranteeing a profit on your sports bets, but it’s not as easy or as safe as it sounds. Let’s take a look at how arbitrage works and whether you have what it takes to play. How to Do It When you gamble on a game, different sportsbooks have [...]

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Why do you need to do a name search?

A business name search can be the done by using the business name index. Such searches give information about registered names and any and all names that have been cancelled, plus information about an entity which is behind the name and the contacts of such entity. There are many ways that you can perform a [...]

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How To Get A Great Price When You’re Negotiating Property

If you are just starting out in the property investment world then you are going to need to follow a pretty steep learning curve to get ahead of everything there is to know. Luckily there are plenty of people who have gone before you and who are only too willing to share their secrets, advice, [...]

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Choosing a company to sell your structured payments to: 5 Things to keep in mind

People often end up doing annoying side jobs to generate cash and make ends meet. Sometimes it is a good idea to sell your structured settlement to invest, start a business, or pay off crippling debts. When choosing a company to sell your structured settlements to, you need to do all you can to ensure [...]

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