Categories
Finance

How to increase your monthly income by joining a referral app?

When it comes to making money online, everyone asks this question, “How to earn money online without any investment?” The new refer and earn apps are one of the popular ones offered by companies. Banks and financial institutions also join this referral services campaign by encouraging their customers to refer their friends, relatives, and colleagues for personal loans.

Such online banking services are gaining a lot of prominence helping you earn more than Rs 50,000 per month, through highest paying referral apps by referring. The MyFIRST Partner app is a personal loan app, which rewards you on every loan referral made.

To refer and earn a second income, you need to become a partner by registering your name on the referral program app and start referring personal loans for salaried people. This helps you earn an extra income.

Why to become a personal loan referral partner?

Some of the benefits of being a IDFC FIRST Bank referral partner are:

  • Gets an opening to earn on every personal loan disbursal
  • Fortnightly payouts
  • A chance to help relatives, colleagues and friends get a personal loan easily
  • The best technical support
  • 24X7 access to the app
  • Professional help from a dedicated support team
  • A chance to earn extra money with no investment
  • Apply for a loan with minimal paperwork

How to refer and earn money through the MyFIRST partner app?

To have an extra earning, you need to:

Register with the MyFIRST Partner app

To be a referral partner with personal loan referral program, you need to upload the below-mentioned documents on the MyFIRST App:

  • A photo
  • A scanned copy of your PAN Card
  • Personal details such as your name and date of birth
  • Your address and any proof like an Aadhaar card, voter ID or passport for verification
  • Your bank account details to receive payments

Once you upload the documents, you will receive an OTP for verification. You can start personal loan referrals instantly once you finish the process. 

Create your referral network

You need to put in conscious effort in networking, which may be time-consuming, but it is worthy. You can make a list of friends, relatives, neighbors, and colleagues who may need a personal loan online for different needs. The need may include marriage, hospital expenses, renovation of home, education, and so on. With word-of-mouth recommendations, you can tap the potential referral prospects. 

Help people get personal loan for emergencies

You can help the people you know well with the best personal loan offers through the app and get instant cash loan. This will help them have a hassle-free loan between 20k to 40 lacs  at the lowest interest rate. Once you refer your friend or your customer, a relationship manger will contact the customer, and provide complete support and assistance in availing the personal loan. This makes the process easy and convenient.

Get quality and eligible referrals

Before providing any referrals, make sure that the prospective customers meet the eligibility criteria required for availing a personal loan. With quality referrals, the integrity and trust increases.

Get payouts and exciting rewards for each referral

Once the personal loan amount is disbursed to your referral, get paid per referral, where you can earn some money and exciting rewards.

Make use of the opportunity to help your friends avail personal loan and earn money.

Categories
Business

How to simplify your trading fundamentals?

While participating in Forex, traders need to take care of many things. The investment should come first of every fundamental. It is necessary for sizing the orders. Although traders can utilize leverage for the purchases, they should combine it with the risk per trade. The participants need to make plans for the perfect money management. There should be no greed regulating your risk exposure.

If you are happy with the investment, you can concentrate on the positioning process. To use this system, traders must employ market analysis and an efficient risk to reward ratio. A rookie might take some time to allocate the best signal, but everyone should have patience. If you can utilize the analysis process and position sizing, you should end the purchases with a reliable stop-loss and take-profit. When traders run their trades like that, it improves their trading quality.

By using efficient strategies, everyone can earn decent money from this profession. To experience success, traders should comply with the procedures efficiently. If anyone tries to experiment with their luck, they will ruin the trading systems. Most rookie performers gamble with their investments and lose money from the account. For those individuals and every other, Forex trading becomes a worthless profession.

Dealing with the business systematically

If you want to make money from the trading business, your approaches should be systematic. It is necessary because every fundamental relates to each other. Using the money management process, you generate the risk per trade percentage. It regulates the input in each order. Alongside the risk per trade, traders also control the leverage system for the investments. By using a simple strategy, everyone can introduce a manageable risk to reward ratio. Browse this site and learn more about risk assessment technique. Once you know the advanced technique, you should be able to aim for high risk to reward ratio trade setups.

To ensure the best positions, traders must take some time. They need it to allocate the best entering the exiting points for the purchases. When they find those spots, they can place efficient stop-loss and take-profit positions. With a systematic procedure, everyone can save their investments from volatile price movements. To run your business safely, you must accept the idea of a well-organized approach.

Taking precautions for the investment

The most disturbance in Forex trading comes from inefficient investments. Every individual in this business experience it when they place orders in highly volatile markets. Some traders cannot even succeed due to irrelevant money management. As we know so far, money management contributes to the risk to reward ratio. This setting results in position sizing and trade precautions. If a trader forgets about it, he cannot allocate the best signals in the markets. The immature risk exposure also troubles a trading mind.

When a participant has too much distraction, he cannot execute efficient orders. His composure remains low for safe trade execution. He also fails to secure the profit potentials from the markets. Due to inefficient trading performance, most traders lose their jobs in Forex trading. That is why everyone should take care of trading money before everything else.

Placing orders efficiently in the markets

When your mind is ready with efficient trading psychology, you can show successful performance. The money management system will also help you to regulate a safe risk exposure. After setting the compositions, traders need to allocate the best signals for a purchase. They also require stop-loss and take-profit positions for the trades. Although those fundamentals rely on the compositions, traders still need to find appropriate locations for them. That’s because the markets behave differently than what the traders intended. When you work with a 2R of profit, the price charts might not show a position for the take-profit.

Due to uncertain market conditions, traders should take necessary precautions for the purchases. Everyone should thoroughly experiment with the market conditions to benefit from the trends. A rookie might not succeed in the first few attempts, but he should practice becoming perfect.

Categories
Business

Who Does Kafka Software Benefit?

As a computer science or IT student, learning how to use Kafka and studying its relevance to different businesses and technologies will be essential to prepare you for your future career. However, when it comes to advanced software within the data science space, it can be tricky to understand and even more difficult to master. As businesses start to prioritize event-driven data streams, tools like Kafka that enable you to organize, aggregate, and analyze them are only going to become more widely adopted. The existence of Kafka Connect, which enables Kafka to integrate with external systems, makes it even more likely you’ll need to use it in the future. If you’re interested in taking your knowledge of Kafka to the next level, read on to learn more about how it works and who can benefit from Apache Kafka software.

What is Apache Kafka?

Apache Kafka can be used in a number of ways, but it is primarily a streaming engine that can collect, cache, and process large amounts of data in real time. Kafka is open-source and written in Scala and Java and was developed by the Apache Software Foundation. It can handle functions like distributed streaming, pipelining, and replay of data feeds. Kafka is known as a broker-based solution, which references the fact that it maintains its streams of data within a cluster of servers.

Kafka’s servers can span multiple data centers while still providing data persistence due to the fact that they store streams of records across multiple instances using topics. A topic can be published, subscribed to, and used by the application to demonstrate interest in a particular stream of data. Topics can be divided further into partitions, which are appended on an ongoing basis in order to create a sequenced commit log.

Who does Apache Kafka software benefit?

Now that you understand the basics, let’s talk about who can best make use of Apache Kafka and the features it offers. One impressive thing about Kafka is the sheer number of uses Kafka software has. Many companies like TIBCO have begun to build streaming data pipelines and apps with enterprise-class support for Apache Kafka. TIBCO takes advantage of Kafka’s benefits and capabilities by incorporating it into their industry-leading TIBCO Messaging experience.

LinkedIn is one example of a company that relies on Apache Kafka to perform a number of functions across its platform, including activity tracking, message exchanges, and metric gathering. Kafka was actually originally developed for in-house stream processing at LinkedIn and then open-sourced. Now that it has been widely adopted externally, its use cases have continued to grow and expand far beyond what it was originally designed to be capable of for LinkedIn’s networking platform.

Walmart is another example of a major corporation that benefits from Apache Kafka. Walmart utilizes Kafka to power its real-time inventory system. Walmart’s event-streaming-based system is innovative and scalable and has helped a large business manage the details of its supply chain network in an effective and efficient way.

Apache Kafka is known throughout the technological world for its diversity and usefulness in data collection and management. Businesses ranging from networking platforms to car companies to casinos have all derived significant benefits from Kafka’s technology. Almost any company that deals in collecting and using data based on consumer events can find a use for Apache Kafka, especially through integration with external systems via Kafka Connect. Students and young professionals who aren’t already familiar with Kafka would be wise to learn how to utilize it as soon as they’re able to. Don’t wait until a job is requesting proficiency to learn your way around commonly used software like Kafka. Invest time and energy in mastering the tools you’ll need while you’re in school so you can get a quick start out of the gate as soon as you graduate.

Categories
Online Business

4 Great Tips for Making Your Online Business Successful

In different ways, launching a new online business seems simple. At first, you may do everything as a solopreneur, particularly with many resources available. You also don’t have to pay rent for a physical store, and you will be able to reach a wide and geographically diverse audience.

However, in reality, establishing a successful online business could be as difficult as launching traditional stores with a brick-and-mortar location.

But following the following tips when establishing your online business will give you confidence that things may work out:

1. Concentrate on the Quality of Content

Everyone knows that your site’s design is vital. However, planning shouldn’t stop immediately you have a professional, snazzy-looking website.

Many users look for useful and authentic content. It won’t matter if you invested a lot of money for a good design if customers cannot find what they’re looking for in your videos, personalized posts, and blogs.

Be sure to spend enough time to build a calendar and know when to publish content, plus how you should share it across different social media forums and websites. 

Your key goal must be to respond to visitors’ questions and tune them in. This will draw more users to your content and build business authority within the industry.

2. Source Products

Product sourcing refers to looking for a trustworthy supplier in the market to purchase quality products. The key goal here is to get the right quality of products at a low cost.

This profit margin is what can fuel business growth and success. For successful online product sourcing, you will need the right strategies and do your homework to get the best supplier. Some of the product sourcing strategies you will need include:

  • Competitive bidding
  • Establish a healthy relationship with supplier management
  • Build a good team

3. Use Technology

Technology normally helps businesses be more productive. Even a startup may leverage applications to foolproof and streamline its processes. Because you run your business in the online realm, you must know how to use technology.

Your objective in using technological development for an online business is to make transactions hassle-free and smooth.

You should also be willing to know about different technologies and tools used these days. This is because changes are taking place on the internet, making it necessary to be updated with modern developments.

4. Analyze the Competition

This is one of the important steps most new businesses forget to take care of. It can determine how you avoid failure and proceed.

In general, your step needs to focus on figuring out what type of online business you must have and how to make it work in a very competitive market.

When analyzing your competitors, you might want to consider both small and big businesses. While you may not be competing directly with big companies, it’s wise to determine what makes them unique and rise above everyone else.

In Conclusion!

Starting an online business is the same as starting an enterprise with a brick-and-mortar storefront. You still have to validate your idea and take care of business planning.

To make your business successful, you will need to prioritize your marketing strategies, source products, and improve customer experience/retention.

Categories
Business

Do Pawn Shops Sell Cars?

Pawnshops offer customers the opportunity to sell items or take out short-term loans using merchandise as collateral. These small businesses exchange items and payout loans that are low in value. Any profitable merchandise is accepted, though the most common items are small, high-quality products. Popular items include electronics, musical instruments, and jewelry. Some pawnshops accept larger, more valuable items like vehicles.

How Transactions Work

Pawnshops accept valuable items as collateral against a short-term loan. A pawnbroker assesses the value of an item and offers a loan equivalent to a percentage of the value. Borrowers have a short period to repay the loan with interest and receive the item back once the loan is repaid. Failing to repay the loan in full on time results in the pawnbroker keeping the item and selling it for a profit. Pawnshops make large profits on forfeited items in addition to the interest earned on loans.

A great place to find a good price on a clean title or salvage title car is an online auto auction. Salvage auto auctions acquire repairable cars and rebuildable cars that have been deemed salvage titles by insurance companies. Salvage vehicles have experienced flood damage, fire damage, or car accidents. Depending on the damage, they can be repaired or used for auto parts.

Buyers can find a vast selection of used, pre-owned, and salvage cars for sale through dealer-only car auctions. Auto Auction Mall features thousands of vehicle types at wholesale prices. Buyers can run an advanced search for vans, trucks, cars, and motorcycles from popular brands like Chevrolet, Lexus, Nissan, Kia, Toyota, Volvo, and BMW. The salvage auto auction offers to finance U.S. buyers and international buyers can take advantage of shipping and transporting options.

Auto Pawn Loans

An auto pawn loan is a short-term loan that uses a borrower’s vehicle as collateral. Borrowers receive a loan amount based on the current market value of the car and leave their car with the pawnshop. Car pawn shops will accept any vehicle type that’s in good running condition and that has a decent appearance. The shop uses a valuation meter and inspects the vehicle to determine its value. An offer is then made based on the market value and the pawn shop’s financial limit. You’ll need to provide proof of income, proof of residence, and a lien-free car title to accept the loan offer.

Pawnshops are full of great stuff and unique items at affordable prices. Whether you want to purchase or need cash fast, it’s a good idea to patron a shop known for great quality and reliable customer service. Geauga Pawn and Alliance Loan Company have a wide range of merchandise featuring precious metals, jewelry, recreational items, electronics, and firearms. The premier pawn shop in Newbury, OH offers loan services for valuable items and performs an in-store appraisal to provide a cash offer. Whether you are looking for fair prices on great quality items, need to sell items for fast cash, or need a loan, a pawn shop can help you find exactly what you need.

Pros and Cons of Pawn Shop Loans

There are several advantages to taking out a pawn shop loan. Borrowers enjoy quick funding and can leave the shop with cash in hand within minutes. There’s no need to have any credit history to qualify for a loan, and failing to repay the loan won’t affect your credit score. Working directly with a pawnbroker means there’s no collection agency or creditors that will harass you to pay the loan. Failing to repay the loan amount results in the pawnbroker taking ownership of your collateral and selling it at a profit.

There are some disadvantages to keep in mind. These loans come with high financing fees and interest rates, making them far more expensive than a traditional personal loan. Pawnshop loans are small in value and typically last for 30 days. Failing to repay the loan in full by the due date or losing your pawn ticket can result in loss of collateral. Since these loans don’t rely on your credit, you won’t build your credit score by paying the loan off.

Categories
Business

5 hurdles you will find the courier business

All businesses face problems. Similar is the case with courier businesses. Every now and then, you will come across various issues that need to be resolved. You can either hire professional teams to do so or just do it on an individual basis.

In any case, you need to be familiar with the potential problems that you can face in running the courier business. Following are some of the major problems and hurdles you may potentially encounter in running the courier business.

  1. Late deliveries

It is not possible for any business to achieve 100% deliveries on time. Due to unforeseen circumstances, there will times when the deliveries will be late. It can be a problem since you can lose a lot of customers if there are persistent late deliveries. Thus, make sure that you have the right mechanism in place so that the packages are delivered in time. Whether the customer wants to send parcel to Australia or any other place, the delivery should be done in time. This is to maintain good reputation of the business.

  • Vehicle breakdown

It is a given that if you are running a courier business, you will have a lot of vehicles. These vehicles may breakdown. Thus, it is important that when you are purchasing a vehicle, or a fleet of vehicles, you should purchase it from a reputable provider. It should be durable enough to carry the packages safely from one location to the other. Vehicle breakdowns can result into late deliveries which can be detrimental to the growth of the business.

  • Transportation of fragile items

This can be a major issue. It is important that each and every business should have the mechanisms in place for transportation of delicate and fragile items from one place to the other. Otherwise, you will lose a lot of customers. There should be operational aspects in place to ensure that the fragile items are protected. Sufficient packaging should be there so that the parcels can be packed properly and thereafter, shipped.

  • Losing track of the schedule

A lot of businesses, especially which are operating on a large scale, lose track of the schedule. This also results in late deliveries. This can possibly be due to the force of work they are dealing with. Each and every business needs to be more organized in order to be successful. Keep a detailed schedule with you to ensure that no deliveries are missed. Have an organized team and use technology to make operations more streamlined.

  • Competitive pricing

This is one of the biggest issues that you can face in running the courier business. There are hundreds of courier delivery services. If you do not offer the right price, you will be at the risk of losing customers to other businesses. Thus, make sure that you have a competitive pricing strategy in place which ensures that all the right costs are being offered to the existing and potential customers.

Categories
Business

What is a proxy server and what is it used for?

A proxy server is a remote computer server that redirects (broadcasts) Internet traffic between networks. In fact, a proxy acts as a kind of intermediary between the user and the rest of the Internet network.

Buy a personal proxy of good quality from 50 rubles per piece. you can visit the page of the https://proxy-seller.com/ site. Simple and intuitive interface of the online store allows you to create a personal proxy for a minimal cost in just one click. There are proxies here for any purpose: for games, social networks, parsing and just personal use.

The main feature of any proxy is the fact that the entire “rest of the network” sees the user’s address as a proxy address. That is, if a proxy is registered in Russia, and a user from the United States connects to it, then for the entire Internet community this person will be “visible” as a network user from Russia. It is very convenient and can be used for a variety of purposes.

For example, some Internet resources allow only users of a specific country or an entire region to register or download certain software. By connecting to the resource through the required proxy, you can download all the necessary information without any problems.

Currently, there are several ways to use a proxy – web proxy, HTTP proxy and additional applications (programs) that initially change your Internet address for all software and browsers on a personal computer or mobile device.

HTTP proxies focus on communication between HTTP-based web servers and a client device. As a rule, such methods are primarily necessary to guarantee the protection of the user and his computer from external influences, pre-filtering potentially dangerous addresses and domains.

Web proxies work in much the same way, but only change the network address of a specific browser or, in general, a single page or tab. Such measures are most suitable for anonymous Internet surfing. Software proxies are the fastest and most stable, most often used for parsing and working with social networks.

Categories
Insurance

5 Hacks To Get An Inexpensive Bike Insurance Policy

In India, the roads are filled with numerous vehicles, all with drivers in a rush to reach their destinations. However, with such a huge population, traffic is a consistent issue in the country. Dealing with traffic can be quite nerve-wracking which is why many individuals in the country prefer two-wheelers as their mode of commute.

It is important to safeguard your bike with the purchase of a suitable two wheeler insurance policy. As per the Motor Vehicles Act, it is a legal requirement to have a valid insurance policy for your two-wheeler to legally drive on Indian roads. Bike insurance plans have been designed with the aim to help customers protect their two-wheelers. With a bike insurance plan, you are financially covered if your bike gets damaged or stolen due to an adverse event.

To protect your vehicle from such events, you must carry out bike insurance renewal on a timely basis. Leading insurers such as TATA AIG allow customers to buy two wheeler insurance and conduct the TATA AIG bike insurance renewal online. They also offer insurance premium calculators on their websites to help customers understand and lower their bike insurance costs. 

The cost of your bike insurance policy

There are several factors that play a role in the bike insurance cost levied upon you. Therefore, to determine the cost of a bike insurance plan, you must use an insurance premium calculator and consider the following factors:

  • The bike’s make and model
  • The bike’s age
  • The engine capacity of the bike
  • The accumulated No-Claim Bonus
  • Deductibles

The cost of a bike insurance policy shall vary, depending on the type of policy, coverage, add-ons, ‘Insured Declared Value’, etc. Therefore, it is advisable to use an insurance premium calculator to ascertain the aforementioned cost. While the application of an insurance premium calculator can be helpful, you can follow certain hacks to purchase a low-cost bike insurance policy.

How to Get an Inexpensive Bike Insurance Policy

Select a simple bike:

If you wish to purchase bike insurance at a low price, you must strive to opt for a simple bike. The cost of an insurance policy for two-wheelers drastically depends on the vehicle that has been chosen. Motorcycles and sports bikes have much better engines than average bikes. While these factors do make them attractive options for purchase and use, they increase the chances of an accident.

Therefore, insurance companies levy a higher premium amount on sports bikes and high-end bikes. Therefore, opting for an average bike with a moderate engine cubic capacity can help you get a lower premium amount on the bike insurance policy.

Calculate your insurance requirement:

Your bike insurance premium depends on various factors, including your residential location, age, driving history, occupation, bike model, etc. Therefore, if you’re planning to purchase a bike insurance plan at a low price, you must ascertain your insurance requirements. It is important to understand the extent of the coverage you need so as to pick the right bike insurance plan.

Compare different plans before purchasing one:

The process of choosing two-wheeler insurance can be a bit overwhelming as there are several plans available for your choosing. Therefore, it is important to compare the different plans available online before finalising one. It would be prudent to select the most appropriate coverage for your vehicle at the most feasible price.

With the advent of technology, it has become easy to assess and compare bike insurance plans online and assess their cost using online calculators. You can also determine the impact of different bike insurance add-ons on your insurance premium by using such calculators.

Fix your deductibles:

Deductibles are an amount you pay out of your pocket during a bike insurance claim. Deductibles are of two types: While a compulsory deductible is set by the insurance company you choose, a voluntary deductible is an amount you determine while purchasing the plan. Opting for a high voluntary deductible can help you minimise your bike insurance premium amount.

However, if you are planning to add a higher deductible to your plan, you must ensure that you have adequate funds at all times to meet your premium payment obligations. If you have a decent amount of experience riding a two-wheeler, opting for a higher deductible is an optimal option for you.

Keep your bike in a secure location:

While you may have chosen the most optimal two-wheeler for yourself, someone else may also have their eyes on your prized possession. This is why it is important to ensure your vehicle is protected in a safe and secure garage whilst not in use. This will help you prevent any damages to your vehicle from natural disasters, rain, and rising temperatures.

Furthermore, your vehicle will be protected from burglars who have an eye on your vehicle. Insurance companies also reward bike owners who take extra precautions to protect their vehicles. Therefore, once you add certain anti-theft devices to your bike, the insurer may reduce the bike insurance premium amount.

Low risk of theft is also good for the retention of your No-Claim Bonus which is awarded to bike owners who do not file a bike insurance claim in a policy year. With this bonus, you can receive a discount on your bike insurance renewal.

Conclusion

It is pivotal to protect your bike against a wide variety of uncertain events and you can do so by purchasing a suitable two wheeler insurance policy. In addition to this, you can follow certain hacks to get low-cost bike insurance. The aforementioned hacks can help you secure the optimal insurance coverage for your bike at an affordable price.

Categories
Business

How Can I Use Technology To Make My Startup Take Off?

Coming up with a business idea and operating your own company can be a profitable business worth any associated risks. With the right skills, business strategy, business acumen, workforce, and technology, your startup can take off and become a formidable, competitive force in the industry. The technological solutions you equip your startup with can significantly contribute to your success, if you properly incorporate technology into your small businesses.

Acquire software that allows you to track your progress at meeting your startup’s goals.

You’re likely itching to grow your business and establish professional stability amid the unpredictability of the ongoing pandemic. Still, avoid the temptation of scaling and growing your company too fast. Moving too fast and too furiously with your business could prevent its growth and be costly. To pace your startup’s growth appropriately, consider setting practical goals for it and creating a reasonable timeline. Perhaps your sales team aspires to increase profit by five or 10 percent, or you want to transition your workforce into a remote team, and you’re scheduling to complete these goals by a specific time.

The best practice for setting goals and tracking your success at achieving them is using an OKR framework. OKRs are management strategies that define objectives (goals) and key results (metrics that indicate your progress at achieving your objectives). Using OKR tracking software to complete the OKR process allows business owners of small businesses and large businesses alike to decide which goals they’ll focus on and monitor the methods and timing for accomplishing the goals they set.

Use inventory management software to make the best decisions regarding your assets and products.

Your startup’s inventory can simultaneously be one of its most essential assets and also a liability. The finished products in your inventory keep your business going. Returning and new customers who often get “product out of stock” messages from your company may move on to your competitors to meet their needs, demonstrating how detrimental an inventory shortage can be for your business. Having a large inventory can also be a downside to business as it invites the risk of theft, damage, spoilage, and more.

A business professional who isn’t aware of how much inventory they have may not have the right products stocked at the right time or make beneficial reorder decisions. For this reason, utilizing inventory management software can be the solution to your inventory problems. Such software allows you to track inventory as it moves from manufacturing to storage to the point of sale. With this technology, you can know the best time to place orders, how many stock items to order, and where to store the units you purchase. Ultimately, this technological solution is a great option that enables you to track your physical inventory and supply life cycle in a streamlined fashion.

Leverage customer service and call center software to provide excellent customer experiences.

A successful startup keeps its customers at its heart. An effective way to focus on your customers and meet their wants and needs, therefore increasing customer satisfaction, is to equip your help department or customer service contact center with technology that enhances the quality and modes of communication between your company and patrons.

Instead of spending money on staffing and obtaining separate systems for handling incoming calls, customer queries, and running a customer support center, consider centralizing your customer contact center using call center software solutions developed by Bright Pattern.

A leading provider of AI software for call center operations, Bright Pattern empowers companies to optimize how they connect with customers. The one-of-a-kind omnichannel platform developed by this provider enables your call center to reach customers through live calls, video calls, live chat, email, social messengers, and SMS. In addition, this software solution—the first of its kind—equips your customer service centers with interactive voice response (IVR), inbound calls, and outbound calls. Using such robust technology and data platforms lets you communicate with customers more efficiently and effectively and prioritize new customer data information sources, allowing customers to enjoy enhanced communication and experiences with your small business.

Only buy the technology you need.

The key to obtaining the right tools without breaking the bank is buying necessary equipment only. Avoid buying technology strictly because it’s new, as it could end up being too small or big, too slow or fast, or incompatible with your current systems.

To ensure you’re making purposeful purchases, seek expert guidance on the best business solutions. Using a tool like Luminwise enables you to read reviews and product recommendations from a team of industry experts. These experts’ descriptions of a product’s basic features, advanced features, pros, and cons, can help you determine how well a technological solution would fit into your operations.

Categories
Investment

Commodities Continue to Boom

Commodities have seen an explosive boom in 2021, thanks largely to last year’s Covid-19 market downturns. Commodities have risen by 21% over the first six months of the year despite economic inflation, which makes them the top performing asset group of the markets. With people travelling less and being stuck at home more, the trend has shifted towards spending on physical goods. This is one of the biggest factors influencing commodities, combined with the fact that travel is slowly opening up again and industries are returning to normal, so fuel demands–and therefore petroleum products–are rising again. The Bloomberg Commodity Spot Index tracks the price of various raw materials, and at the end of July it was closing in on the record number it hit in 2011. So, what are the key factors playing a role in this commodities boom, and which commodities are thriving?

Petroleum products

Aside from the uptick in demand from countries increasing their travel and the return to normal industry output levels, mining and oil companies have cut down their spending on new projects, resulting in a supply decrease. Since last year, oil companies have reduced extraction and supply of oil in order to mitigate the impact of Covid-19 on prices, so oil remains at a lower level of supply. This, combined with the recent OPEC+ meeting, which helped settle the dispute between the UAE and Saudi Arabia, has led to an increase in the price of oil, which in turn impacts the demand for petroleum products overall. West Texas Intermediate (WTI) crude oil was one of the top performers for this year so far, increasing by a whopping 52%. Bloomberg reported that on the 2nd of July, US oil consumption had hit a record high, albeit seasonally adjusted, which bodes well for oil in the markets going forward.

Natural resources and metals

One of the most significant comeback stories in the natural resources realm of commodities was Anglo American. The mining company announced $4 billion in dividends, and even though the company’s profits were overshadowed by its rivals, it was still a noteworthy turnaround. Additionally, global leading iron ore miners Rio Tinto Group and Vale SA announced in July that they will give back over $17 billion in dividends.

Steelmakers have finally been able to recover from almost a decade of trouble and are finally able to pay it forward to their shareholders. ArcelorMittal SA, for example, one of the biggest steelmakers in the world, was able to offer a $2.2 billion share buyback program this year, after selling all its shares and ending its dividends program five years ago. Mineral-wise, nickel is making great strides in the market recently, as it hit $20,000 per ton and is on track towards reaching its highest price since 2014. Aluminium prices reached over $2,600 a ton, making this another metal being driven by increasing demand. Copper is yet another winner when it comes to metal commodities in 2021, nearing $10,000 per ton, even in the face of strikes in Chile.

Natural gas

Despite economic inflation worldwide, we’ve seen a serious rally in natural gas prices as demand has returned at an exponential rate. UK natural gas rates are nearing record highs as utilities battle to refill their inventories and Europe struggles with a supply issue. In China, thermal coal futures rose very near a record high, and across Asia, liquified natural gas prices are surging over the summer as importers attempt to compete with their prices. With the world’s shift towards renewable energy, however, many wonder what’s next for fossil fuels like natural gas. It’s a good time to make sure you stay on top of the news to see how the factors that influence commodities are changing. This includes the likes of economic inflation, recessions, and technological innovation, especially in the renewable sphere.

Choose commodities to trade with iFOREX as CFDs

When putting your CFD trading portfolio together, you can choose commodities to trade with iFOREX from a wide variety including petroleum products like WTI oil and natural gas to metals like gold, silver and nickel, to agricultural commodities like wheat, corn and soybeans. When you choose commodities to trade with iFOREX as CFDs, you’re joining one of the leading global brokers that offers excellent trading conditions, an innovative trading platform, and exceptional client support.

Knowledge is powerful when it comes to online trading and you can easily keep up to date on the latest world events with iFOREX’s Economic Calendar, which offers the latest financial updates at your fingertips, and with filters so that you can easily find what you’re looking for. Sign up with iFOREX today and trade with knowledge and confidence.