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  • Its Gin time! Gin revolution in India

    When we talk about Gin, the first thing that comes in our mind is the commercial shot by Hugh Jackman and Ryan Reynolds(who owns a stake in Aviation American Gin) in 2019. The video gained a really broad engagement and fan base for its creativity.

    Earlier, Gin had the tiniest section on the bar menu now has backed a wide section. Liquor lovers are indeed experiencing the Gin Revolution in India. Thanks to the increased demand for it, bar menus now feature global and homegrown craft gins. The main ingredient in the gin-making process is the juniper and while India does grow some, most of the brands source them from Europe.

    But having said that India has a wealth of herbs from coriander, clove, lemons and few hundred more that are used in gins. It is a unique collection of ingredients that makes Indian gins interesting.

    In India, gin has an interesting history. Having relatively fewer drinkers compared to whiskey and rum, gin, up until a few years ago, was considered as imported bottles of Bombay Sapphire, Tanqueray, and Scotland-produced Hendrick’s.

    Ironically, to our surprise, the world-famous gin and tonic drink was originally created in India by the British East India Company to make quinine, a medicinal herb used as an antimalarial drug more palatable and sustainable.

    Indian soldiers were assigned a gin ration, and the alcohol slowly gained an audience in the country. Post-independence, with a sharp focus on being self-sufficient and the importance given to ‘swadeshi’ products, gin was left to perish on the fringes and anything that circulated in the country was shipped over from England.

    Revolution of Gin

    There has been a notable revolution in the manufacturing and consumption of Gin in India. Gin currently forms only 1 percent of the 3 billion liters of alcohol consumed in India, per year, according to estimates shared by the organizations. It is expected to report revenue of $1.76 billion in India in 2020, and grow by a CAGR of 10.6 percent, as per Statista’s evaluation. The data as of now, the per capita consumption of gin in India stands at about 0.3 liters, Statista reported, adding that when adjusted for COVID-19, revenue from gin is expected to grow 14.2 percent in 2021.


    Bacardi is the Cuba’s legendary liquor brand with its incredible history
    It is near to impossible that someone has not heard about the legendary Bacardibrand. It deals in various other products like Grey Goose vodka, Cazadorestequila, Bombay Sapphire and Martini vermouth and makes the drinker remember thetaste when they get to taste the solid potion. Bacardi has got a…


    India’s gin was practically non-existent. This refreshing wave of craft gin-making and consuming in India is barely a year old but it’s already cementing itself as something we can depend on to grow beyond the ebb and flow of trends. There are currently only three craft gins in the country. But thanks to the hard work of some serious tipplers, the country now has ten gins to crack open and enjoy.

    India got its very first version with Anand Virmani and Vaibhav Singh, the duo behind Nao Spirits who took it upon themselves to introduce an affordable indigenous alternative called Greater Than in January 2018.

    In the year 2018 itself, Stranger & Sons (started a Startup) made its debut as another local gin to watch, featuring eight locally sourced botanicals. Moreover, a lot of classic gin cocktails such as the Gimlet and Last Word have been making a legit comeback, and Indian bartenders are cashing in on the trend creatively concocting their signature drinks using different liquor combinations.


    Gin Brands in India

    Made in India Gins!

    With each Indian state having unique botanicals, culinary idiosyncrasies, preferences, and individual heritages that can be harnessed to create compelling narratives and flavour combinations – it’s a mystery as to why there hasn’t been more already. There’s so much to delve into, so much to explore for Gin makers. India is a region that is almost bound to create truly spectacular spirits should a craft revolution begin there.


    Amazon And BigBasket Get Permission To Deliver Liquor In West Bengal
    The lockdown due to the Coronavirus Pandemic (COVID-19) affected the Indianeconomy in a bad way. The Indian economy came to a standstill ever since thelockdown has been imposed. Most of the industries except those which manufactureessential day-to-day products such as food products, medicines, et…


    Jaisalmer Indian Craft Gin

    Made from a blend of botanicals such as lemongrass, Darjeeling Green Tea, citrus peels, juniper and other Indian herbs, Jaisalmer Gin is manufactured by Radico Khaitan in their Rampur distillery. The gin is a triple-distilled neutral grain spirit, re-distilled in a traditional copper pot still.

    The spirit was launched internationally in late 2018, before it launched in India later 2019. Jaisalmer Indian Craft Gin was awarded the Best Gin Gold Medal 2020 by The Fifty Best, USA and also ranked Best in Asia 2019 by The Gin Guide Awards, UK. The gin is available in duty-free stores in India and in Delhi NCR and Goa.

    Indian Gin Market Opportunity Analysis
    Indian Gin Market Opportunity Analysis

    Samsara

    Distilled in the classic London Dry method using eleven botanicals organic hemp seeds, rose petals, vetiver grass, green cardamom and juniper berries. Saṃsara is a floral and citrusy gin with a hint of spicy earthiness.

    The main ingredient, juniper, is sourced from Macedonia, but the other botanicals, such as Indian blood oranges, cassia bark, angelica root and rose petals, are procured from farms and organisations across India., Saṃsara is the first offering from the house of Spaceman & Company, founded by former PricewaterhouseCoopers associate, Aditya Aggarwal. Saṃsara will be available in Goa this September and in New York, Los Angeles and Chicago later this year.

    Terai

    Manufactured by the India Craft Spirit Company owned by the Swarups of Globus Spirits. Terai is the family’s first venture into the Craft spirit arena. “India has a history that’s full of tales of feasts and celebrations. We wanted to create a product that draws from this history without being ‘exotically Indian’,” explains founder Shekar Swarup.

    The result is an attractive product that draws on temple architecture, numismatics and handicrafts for its design and plays with Indian flavours in a less than obvious manner. Swarup distilled the first few experimental batches, and then roped in Singapore’s expert consultants Proof & Co to weigh in on the final recipe. Terai is available in Delhi NCR and will hopefully be accessible across major metros soon.

    Tickle Gin

    From the makers of the famous coconut rum Cabo comes Tickle Gin, a dry gin from the state of Goa. There’s Himalayan juniper, orange peel, cardamom, cinnamon, coriander seeds, clove and even black pepper grown in the factory plantation of Adinco Distilleries. The gin is juniper forward with pepper and cardamom notes on the palate.

    Tickle is produced using the cold extraction method, which Adinco Director Solomon Diniz tells CNT “helps maintain the characteristics of the spices in the gin and allows the spirit to be infused with a certain freshness”. It is currently available in Goa, and later this month, in Mumbai, Bengaluru and Pune.

    Wrap up

    Gin producers everywhere will benefit from a huge surge of interest from a market with potentially tens of millions of drinkers, but the exports that emerge, assuming they are the best of what will be created, will have both financial muscle and complex brands rich with engaging identities, stories and layers that will rival many on the international stage.

  • Libra: Facebook’s Digital Payment Service

    Digital payment is a way of performing payments without the use of digital currency. It is also known as electronic payment. In digital payments, both payer and payee rely on digital modes to send and receive money.

    In today’s digital era, our dependency on smartphones exceeds the wildest possibilities. Millennials eat, live, and breathe smartphones. In fact, the use of wallets has declined ever since mobile phones started supporting e-wallets. Carrying change and holding debit cards has become a fad of the past. Digital payments have been ingrained in the way people perform transactions today.

    The Digital Payment Services
    What is Facebook’s Libra?
    Issues With Libra

    The Digital Payment Services

    Digital Payment Users Over The Years
    Digital Payment Users Over The Years

    The digital payments service sector is growing big, and top tech firms are coming up with innovative payment services of their own. Amazon with amazon pay, Ola money, Apple’s Apple pay and Google with Google Pay are amongst the latest offerings. The emergence of mobile wallets wasn’t an overnight phenomenon. Peter Thiel and Elon Musk’s PayPal was an early initiative. It paved way for several others.

    India is not far away in terms of cashless economy; homegrown apps like Paytm and PhonePe are now facilitating payments for millions of Indians. Paytm launched the first active digital payment services in India. It was launched in August 2010 by Vijay Shekhar Sharma and was no less than a disruption. Around 130 million people use Paytm services in India. Facebook recently announced Facebook Pay which will be available on Instagram, WhatsApp, and Facebook.

    Coronavirus Impact on Digital Payments Startups
    Coronavirus is here, and it’s making a big impact on every aspect of business.From trade market swings to airline collapses, the economy of many industries istaking its toll and having major constraints. Whole worldwide especially inEurope, those living in Italy, Spain, Germany and France have be…

    Cryptocurrency, a digital asset, is being touted as the next step in digital payment services. Facebook has taken a step in this direction. Libra is Facebook’s cryptocurrency. Mark Zuckerberg claims Libra to be the future of banking and transactions, “Libra is a permissioned blockchain digital currency proposed by the American social media company Facebook.” Libra’s initial release is planned in 2020.

    With Facebook’s Libra, Mark Zuckerberg wants to disrupt the way how money works. But such initiatives are riddled with issues. Several lawsuits followed post Libra’s announcement. To regulate the working of Libra, it shall be monitored by an independent association called Libra Association; this association would by governed by organizations like Uber, Lyft, PayPal, VISA, MasterCard, etc. Facebook will be maintaining a cryptocurrency wallet called CaLibra. Though Facebook claims Calibra will be maintained with high-grade security and have no effect on one’s privacy, many people don’t believe it.

    The Rise Of Digital Contactless Payments Post Pandemic.
    The fast spread of the novel coronavirus has led to a global lockdown hithertounfathomed. The on-going situation has now become one of the biggest threats toeconomies and financial markets all over the world, and is leading us towards aglobal recession. The spread of the coronavirus has impacted …

    What is Facebook’s Libra?

    Members Of Facebook's Libra Digital Payment
    Members Of Facebook’s Libra Digital Payment

    “Libra is a global cryptocurrency built on blockchain to promote financial inclusion. Libra is digital, mobile, stable, fast, cheap and secure”. An organization independent of Facebook would oversee Libra. CaLibra, the mobile wallet to hold Libra, would be integrated in all the apps owned by Facebook such as WhatsApp, Instagram, and others. Transactions done with Libra would be the same as PayPal or any other medium available today.

    The money from your bank account can be transferred into CaLibra that you can use at shopping malls and online stores. You can also get back your money i.e. Libra can be converted to physical money from Libra authorized people. The exchange of Libra currency and the mechanism behind the transactions’ executions still beg reasoning.

    The whole Libra blockchain will be organized and maintained by a 28-member strong Libra association comprising Uber, Lyft, VISA, Mastercard, eBay Vodafone, etc. It is proposed to be a non-profit organization with its main office at Geneva, Switzerland.

    Each member needs to give $1 million to get one vote in the organization. The organization will elect a representative to oversee the Libra council. Whenever you add money to your Libra account, it goes into the giant Libra reserve which in turn gives you Libra tokens. The value of Libra stays the same irrespective of the volatility in a country’s economy.

    Facebook’s cryptocurrency shall cut down transaction fees and establish a global currency. Financial irregularities and hassles in transactions would become a talk of the past.

    Facebook’s Libra Is In Trouble

    Everything To Know About NPCI
    The National Payments Corporation of India (NPCI) is an umbrella organizationfor operating retail payments and settlements systems in India. It is aninitiative by the Reserve Bank of India (RBI) and the Indian Bank Association(IBA) under the provisions of the Payment and Settlement Act, 2007, for…

    Issues With Libra

    Like the concerns and question marks accompanying any major announcement, troubles arose for Mark Zuckerberg’s Libra initiative. In the first week of October, PayPal become the first to step out of the Libra association. The reasons for its withdrawal are not known yet. eBay, Stripe and Mastercard followed PayPal by leaving Libra Association.

    Soon, Mark Zuckerberg was summoned by the US Congress. He asserted the launch of Libra would not be done without the approval from US regulators. Zuckerberg further emphasized on the need to take risk via innovation for ensuring US retains its position as the global leader. France and Germany blocked Libra and amended certain laws. Many banks and law makers are also changing rules related to monetary transactions.

    After these issues, Facebook began losing momentum on Libra’s launch. With the criticisms and questions Libra faced, it’s clear that the world still holds scepticism on the idea of online payments and digital currency transactions through payment apps.

    While certain parties continue to loath cryptocurrency, the technology of future is undergoing rapid improvisation. More complex algorithms ensuring hack- proof network and privacy-oriented transactions will catalyse the acceptance of cryptocurrency. The future of digital payment services, though shrouded with negativity and hesitance at present, will stay for decades to come.

  • Top 7 Media Agencies in India that can Help your Business Grow

    Wondering how to grow your business. Marketing and Advertising is an ongoing strategy that helps businesses flourish. Marketing is the most effective way to communicate your value to your customers in an interesting way. Several media agencies in India can help you promote your brand. Customer engagement is essential for a successful business. We have listed out Top media agencies in India that can help your Business Grow.

    Top 7 Media Agencies in India that can Help your Business Grow

    1. Wavemaker

    With an exceptional client portfolio consisting of Chanel, L’Oreal, Netflix, Paramount, Tiffany and many more wavemaker is one of top media agency in India. Wavemaker has recently started its operations in India.

    Wavemaker media agency
    Cadbury fight against online hate in India

    Wavemaker challenged Cadbury Dairy Milk to live its brand promise of goodness by leading the fight against online hate in India. Positive sentiment towards Cadbury Dairy Milk increased, with 89% of consumers saying they feel the brand is ‘relevant to me’.

    Media Agency Name Wavemaker
    Headquarter London, UK, New York
    Founder Eric Manlunas
    Founded 2017
    Industry Advertising & Marketing

    Awards

    • Best Agency Partner (second year in a row)
    • Gold for Media Idea under £250k for BA
    • Silver for Media Idea over £250k for Nationwide
    • Bronze for Collaboration under £250k with DCM for Counter-Terrorism
    • Silver for Best Collaboration over £250k for Nationwide
    • Gold with channel 4 – nationwide for media creativity
    • Bronze with Minute Media for best use of content over £250k for Right Guard Lie Detector

    2. Catalyst

    Catalyst are one of the leading Website Design Company in Mumbai, that offers end-to-end Web Designing, Web Development, WordPress, Mobile Application. Catalyst helps entrepreneurs, startups, brands and businesses achieve their business goals. With over 10 years of web design and mobile application development experience this is one of the leading website design company.

    Media Agency Name Catalyst
    Headquarter Mumbai
    Founder Zahir Wallani
    Founded August 2005
    Products Web designing, Web development
    Industry Advertising & Marketing

    With a client portfolio consisting of Standard Chartered, Vodafone, and times network it can be said they are a Creative Technology company that delivers everything related to website design. There portfolio is spread across various domains right from textile to entertainment.

    Want to boost your Business? Here’s our guide to How to use Medium to Boost your Business

    3. Sakshar Media

    Sakshar Media is a marketing firm that specializes in corporate events management, branding and design, public Relations, Publishing, and print media. With exceptional clients like Fortis, India’s book of records and Barbeque nation makes it one of the top media agencies in India.

    Media Agency Name Sakshar Media
    Headquarter Delhi
    Founder Puneet kumar kanojia
    Founded 2017
    Products Web designing, Web development
    Industry Public Relations and Communications


    How To Start A Media Company?
    A Media Company, can be defined as a group or institution, which holds theownership of businesses in various advertising for example TV, radio stations,publishing, movies, and also the Internet. Nowadays, all successful brands invest in premium quality content that performswell on multiple plat…


    4. Starcom Mediavest

    Starcom Mediavest is one of the leading businesses in the Advertising Agencies in India. It has a huge network and has its operations in over 20 countries. It is one of the top leading marketing and advertising agency in India that can promote your brand.

    Courier Name Aramex India Pvt Ltd
    Headquarter Chicago, Illinois, United States
    Founder Laura Desmond
    Founded 2000
    Products and Services Advertising, Marketing, Brand Marketing
    Industry Advertising & Marketing

    Awards

    • No. 1 Global Media Agency by Advertising Age (2010, 2011, 2013)
    • New Interactive Landscape by Forester
    • Most Effective Network” at the North American Effies

    5. Tea and Tonic

    With a client portfolio consisting of BABA’s Wood Cafe, Bakers Studio, The backyard and Anahata makes it one of the top media agencies that are acing the game. From fashion to wellness this media agency can promise to enhance your brand image. Whether it is for a simple media release to brochures or a full website this media agency can serve you get your message across the people.

    Media Agency Name Tea and Tonic
    Headquarter Porvorim, Goa
    Founder Anuradha Holst
    Founded 2012
    Products and Services PR & Consultancy, Media Relations, E Mail Marketing & Social Networking, Graphic Design
    Industry Public Relations and Communications


    How to use Instagram for Business | Best Instagram Practice for Startups
    With the advent of social media and the kind of popularity it holds today, itwould be extremely beneficial for a business to create a strong social mediapresence [https://buzzoid.com/blog/]. Instagram is one of the most widely usedwebsites and would help in creating a strong buyer base. Especiall…


    6. Trivium Media Group

    Trivium Media Group is an advertising and media agency that offers interactive solutions to elevate your business value and brand. Trivium Public Relations has an amazing 25 years of experience. With a client portfolio of top brands Forbes, GQ, Vogue, and many more. It is one of the largest and wide networked PR consultancy agency head stationed in Mumbai.

    Courier Name Trivium Media Group
    Headquarter Dubai, UAE
    Founded 2012
    Founder Ovez Khan
    Products and Services Brand Management, Public Relations, Media Production offering Creative Designing and Packaging, Content Marketing, Digital, Social Media and Communication Management, Web Design, Brand Activation
    Industry Marketing and Advertising

    7. UM India

    UM is one of the leading strategic media agency in India. UM India has an excellent client portfolio consisting of influential brands like Samsung, Johnson & Johnson, Coca-Cola, Amul, Tata Motors, Mahindra, Marico, Kansai Nerolac, Tourism Australia, The Hershey Company, Exxon Mobil, BMW, Sony, and several others. UM operates in over 100 countries. This makes it the Top 10 Best Media Agencies in India.

    Courier Name Lodestar UM
    Headquarter Mumbai, Maharashtra
    Founder Brian Kessman
    Founded 2008
    Products and Services Marketing, Advertising
    Industry Marketing and Advertising

    Marketing can help you expand your customer base. Also Finding the right agency to market your product is quite confusing, so we have listed out the top best media agencies in India that can help you grow your business. Social media posts and email campaigns are beneficial to engage customers and spread the word to new potential customers.

  • 10 Amazing Instagram Marketing Hacks

    Instagram is one of the most prominent social media platforms nowadays. Instagram’s popularity is even exceeding the reputation of its parent company, i.e. Facebook. This is because most of it’s users use Instagram daily. They use it to publish pictures or videos they create. Such a high prevalence of Instagram has made business people incline to Instagram marketing for their businesses. Why do you think they choose Instagram for marketing?

    This is because Instagram is very flexible and has a fantastic strength of users so that you have the opportunity to market your product there. The viewership can be huge, and there will be many people who will see your product/s and might get interested in buying your product if you promote it engagingly. To strengthen their trust in your business, you can also post a video tutorial of making your product or testimonials on Instagram.

    ‌‌Want to switch to market on Instagram? This is the time. You can start Instagram marketing your business. With this market, business growth is guaranteed. Here we will give you some amazing Instagram marketing hacks in order to take your business to the upper level. These are quite easy. These ways are:            ‌

    How to use Instagram for Business | Best Instagram Practice for Startups
    With the advent of social media and the kind of popularity it holds today, itwould be extremely beneficial for a business to create a strong social mediapresence [https://buzzoid.com/blog/]. Instagram is one of the most widely usedwebsites and would help in creating a strong buyer base. Especiall…

    Make Instagram Account with the Name of Your Business Name

    Often referred to as your handle, a username is a name a person uses on Instagram to define their profile address. The first thing you should do is to make an Instagram account with the name of your business or company so that people could easily remember.

    Posting exciting content

    Post exciting content for your business. Preferably, hire a professional for this task. You can perform image editing or have a graphic designer to design the content of your product. It’s essential to draw the first impression on people who should be fun and can reach people’s hearts.

    Use Geotagging

    Geotagging is a feature provided by Instagram with which, you can tag the location of each of your images. You can also tag your work address or the address where your business is placed. It can be easy for people to know the whereabouts of your business. To use geotagging, you can simply do this, by pressing “add location” and then you can type an address or select an address if it is available.

    Instagram Marketing Hacks
    Geotagging

    Use Hashtags

    The hashtag is used to index your content. In a post, you can use n number of hashtags at the same time. The use of this hashtag can facilitate your content visible to others with the same hashtag or something similar. By using the hashtag, you can market your product effectively to a greater extent by reaching out more efficiently to the targeted groups.    

    The Ultimate Guide to Hashtags Marketing | Hashtag Strategies & Tactics
    Hashtags are a kind of metadata tags used on Social media platforms, which letusers to apply a user generated tag to the content. The main purpose of ahashtag is to make it easier for others to find the content on a particulartopic on social networks. The hashtag is the talk of the town. From t…

    Follow More People

    To be able to get a lot of followers, you must be following many people first to enable them to develop back your Instagram account. Wherever possible, you should follow thousands of people so that you and your business will be known to them. Keep in mind that you must try to follow only potential clients and avoid following every random account you come across. Following unwanted or uninterested people can make you look clingy and might lead to negative publicity.

    ‌‌Receive Requests for Followers

    Never refuse a request by followers to follow you. It can make you quickly get a lot of followers, and you can easily become more prominent in the Instagram market. If it becomes like this, you can publish your products effortlessly and attract more people to buy your product. It also shows the magnitude of people who shows interest in your product.

    How To Get More Instagram Followers Free?
    You have an Instagram profile. Or an Instagram page, based on the fan club,memes, videos, cars, workouts, motivation, etc. But you must always be thinkingabout how to get more Instagram followers? Not everyone has enough money tospend on the promotion of the page and profile. But we all know tha…

    Tagging People

    Tagging people is like geotagging. The difference is if geotagging is used for tagging locations, people tagging is for tagging people who are influential in the market and associated with your business in any way. In this way, you would be able to extend your market to that personality’s followers. Thus, tagging can be helpful if you have a person/s who have a good number of followers on Instagram. They might be your employee/s as well if he/she is famous enough on Instagram, you never know!

    Trying To Be Live On Instagram

    Instagram Live is a feature on Instagram that allows users to stream video to followers and engage with them in real-time. When users broadcast live video streams on their accounts, Instagram alerts followers that they can view the live stream. By using Instagram live, you can promote your products live. It can be used to engage with your followers directly and be quick to solve their doubts and dilemmas.

    Instagram Marketing Hacks
    Trying To Be Live On Instagram

    Moreover, it makes it easier to pitch your product directly without trying to piss off by pestering people and help you engage with only responsive people. The best of all is, you can get instant feedback and make improvements if required. This is very useful for you in recruiting more followers on your Instagram also because live chats are more tempting.

    Make Quiz

    The quiz is in high demand by the people these days. The Quiz feature enables you to write a query and a few probable responses. Only one answer is correct. People will take a guess, select one explanation, and they will be able to see instantly if they were right or wrong. To improve the Instagram marketing of your business, you can promote this business by creating a few quizzes. Many people are interested in taking the quiz in the hope to win prizes. Do not forget to geotag and tagging people so that there could be more engagement to follow the quiz.

    Provide Reward

    Giveaways are in trend these days. Instagram users, who have a significant following wish to reward their existing followers and attract more by giving away some fantastic gifts which follow them, like their posts, etc. The reward is very popular and most requested by people who use Instagram. You can use this function to attract followers You can make a program such as to share your products with a lot of people and you can give a reward to your followers to follow such tasks.

    Instagram Marketing Hacks
    Provide Reward

    Instagram marketing is surely beneficial for any business, especially the ones, which target the younger generation, they being more active, rather obsessed with this app. it becomes easy to grab their attention and get their inclination towards your product with so many features provided by Instagram.

  • YouTube history: How the video-sharing website became so popular

    History of something now established is really interesting to read about. One of the interesting topics is History of YouTube, a video-sharing website on the internet. There are tons of intriguing data and stats to be learned about YouTube. It has been 15 years since its inception and it is still going viral and is popular.

    YouTube was originally founded in 2005 by Chad Hurley, Steve Chen and Jawed Karim, who were all former employees of Paypal. Hurley studied design at Indiana University of Pennsylvania, Chen and Karim together studied computer science at the University of Illinois. It was developed as a platform for anyone to post videos of their choice, option of sharing them was also provided. The primary goal was that users could use the site to upload, share, and view content without restriction.

    Jawed Karim – Co-Founder Of YouTube | Education | Net worth | Age
    The social media circuit has drastically changed the lives of everyone acrossthe globe in the last twenty years. Facebook, Twitter, Instagram, and Snapchathave connected people and brought them closer. The yawning gulf in terms ofgeography is now nearly non-existent. Despite so many social media…

    Brief History of YouTube

    The original concept was to develop a dating website called Tune In, Hook Up, which allowed users to post videos of themselves for others to view and decide whether or not to go on a date with them. However, no one was willing to participate in it and it eventually failed.

    Learn How To Make More Money With Business model of YouTube.
    YouTube is basically a website on which people can watch and upload videos. Butthat is an understanding. You Tuber offers only this much to its users. YouTube has many features in streaming its videos. The website has a searchbar through which you can access relevant videos among the billions …

    But the idea of uploading a video was up and when the group had discussed about how difficult it was to find a video online of Janet Jackson’s infamous wardrobe malfunction, during the 2004 Superbowl Halftime show, a concept began to form.

    Knowing that a video-sharing platform wasn’t into picture yet, the team jumped into the market and the name of “Tune In Hook Up” was changed to “YouTube”. An internet phenomenon was born that year.

    On April 23rd 2005, the first ever YouTube video was posted. It was an 18 second clip of one of the founder Jawed Karim standing in front of elephants at the zoo, it was entitled as Me at the zoo.

    Later, in September 2005, a Nike promo video of Brazilian football star, Ronaldinho showing of his ball juggling skills became the first YouTube video to get around a million views. From that event, YouTube exploded and the finances began rolling in.

    Growth in YouTube Revenue
    Growth in YouTube Revenue 

    Currently, it has over 2 billion monthly users who watch hundreds or thousands of hours of video content in a flow. How did YouTube become such huge independent platform over the passage of time?

    How To Earn Money From YouTube | Make Money Online
    YouTube stars are today’s self-made celebrities—people who have earned anaudience by creating content geared toward teaching, entertaining, reviewing,and being awesome on the internet. Most of these small-screen celebs do whatthey do just to do it, to scratch an itch for creating things and being…

    Initially, the site opened on a limited/small scale basis in May 2005, it managed to attract around 30,000 visitors per day. YouTube was officially launched on December 15, 2005 and it was serving more than 2 million video views each day, proving its overall huge growth. By January 2006 that number rose to more than 25 million views. The number of videos at the site crossed around 25 million in March 2006, with more than 20,000 new videos uploaded on a daily basis. In early 2006, YouTube was serving more than 100 million videos per day, and the number of videos being uploaded to the site showed no sign of slowing down.

    It has since grown to become one of the most successful video distribution sites in the world. Today, many YouTubers make a decent living by selling ad space before or on videos they create and upload onto the site.

    Some unprecedented events took place in the way of its growth. The unforeseen growth in views/visitors at YouTube created its own set of problems. The company started buying more computer equipment and more connections to the Internet. YouTube was forced to allocate more financial resources for potential litigation, as many media companies discovered that some of the videos uploaded on YouTube contained copyrighted issues. With limited success in commercializing its Web site or containing its growing costs, YouTube began looking for a buyer.

    Hence, after 18 months, the company was bought by the Internet God itself, Google for $1.65 billion in stock. YouTube went from amateur video sharing application to the powerhouse of the video content, giving birth to the pioneers like The Smosh Brothers and PewDiePie.

    Through years of refinement, Google began to embed targeted advertising directly into the video clips that its users watched and also promoting the featured content. This was later replaced by playing paid ads before a video began.

    The company has also recently added the two-ads feature, which shows two ads at once to boost up potential revenue from the content. But this is not the only revenue source for the platform. YouTube also pulls in money through its subscriber based model, now called YouTube Premium (previously: YouTube Red), Music Premium service and paid TV service.

    This service offers users exclusive benefits, like removing ads, and charges subscribers a regular subscription fee.

    ‘YouTube Learning Destination’ to help Students Learn from Home
    Students and instructors are bound to stay home due to lockdown imposed becauseof COVID-19 [https://startuptalky.com/tag/covid-19/]. All the schools, collegesand institutes are ordered to remain closed during this lockdown. The closuresof schools and colleges has led to the disruption of classes.…

    • Compensation make creators satisfies and increase their loyalty to the platform as it facilitates a healthy amount of competition by providing newer, smaller-scale creators something to strive for
    • YouTube currently offer three awards as a token of Recognition for their creators for reaching certain milestones- a Silver Play Button (1 lakh Subscribers), a Gold Play Button (1 million Subscribers) and a Diamond Play Button (10 million Subscribers).
    • YouTube has wide and content variety on its platform which keeps the viewers by the edge of their seat and explore more.
    • Maintaining close connection with the audience has given a greatest push to viewers to reply on this platform.

    History of YouTube

    Some interesting facts about YouTube

    • Me at the zoo is still searchable on YouTube, it now has over 30,000,000 views and 450,000 likes.
    • YouTube was founded on Valentine’s Day in 2005.
    • The “You” represents that the content is created by user and not generated by the site and “Tube” is an older original term for television.
    • It is now present in more than 75 countries and available in 61 languages, with hundreds of hours of video content uploaded every minute!
    • YouTube has a fun Easter egg that will let you change the color of the progress bar if you type “awesome” on the window, for that the video has to be paused.
    • YouTube had pranked its millions of users every April Fools Day in the past, the first was a video on the site’s homepage which was actually a Rickroll.

    Considering the YouTube’s size, dominance, wide acceptance of content creators and market occupations, it is unlikely to fade away any time soon. It has set a milestone in the digital industry.

  • Causes of fluctuations in Oil prices and its impact on economy

    Oil prices fluctuate quickly in response to new cycles, policy changes, and fluctuations in the world trades and it impacts the economy in certain ways . The recent change in oil prices has been driven by a number of factors which includes several years of upward surprises in the production of unconventional oil, weakening global demand, unwinding of some geopolitical risks and an upliftment of the U.S. dollar. Oil prices are also influenced by a variety of factors that are particularly responsible for the decisions made about output by OPEC, the Organization of Petroleum Exporting Countries. Oil, a commodity which tends to see larger fluctuations in price than more stable investments such as stocks and bonds.

    Like any other market product, the laws of product’s supply and demand influence its prices. The retainment of stable demand and oversupply has put pressure on Oil prices over the last five years.

    The drastic fall in oil prices since June 2014 is a significant but not a new event. Over the past three decades, the oil price declines of 30% or more in less than a year period occurred, coinciding with major changes in the global economy and oil markets. Natural disasters that could entirely disrupt production and political unrest in an oil-producing industries like the Middle East impacting its pricing.


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    How Oil prices are determined?

    All the relative factors of change in Oil prices is difficult to systematically pin down. Empirical estimates also indicate that supply factors have accounted for the greater share of the latest plunge in oil prices. Although the supply capacity of relatively high-cost and flexible producers, such as shale oil industries in the US, will need to adjust to lower prices. Most of the important factors point to lower oil prices with considerable volatility in global oil markets.

    Demand and Supply

    Like all the other commodities, the oil prices are also set by the study of demand and supply. The price of oil is actually fixed in the oil futures market. The oil futures contract is an agreement that gives one the right to purchase oil by the barrel at a predefined price on a particular set date in the future. Under a futures contract, both the buyer and seller are obligated to fulfill their side of the transaction on the specified date.

    Market sentiment

    One of the key factors in determining oil prices is sentiment. The mere belief that demand of Oil will increase dramatically in the future can result in a dramatic increase in Oil prices in the present, as speculators or hedgers alike snap up oil futures contracts. The opposite of this situation is also true. The belief that oil demand will decrease at some point in the near future can result in a dramatic decrease in oil prices in the present, which means that prices can fluctuate little more than market psychology at times.

    Natural Disasters

    Natural disasters are one of the factors that can determine oil prices. For instance, when Hurricane Katrina devastated the U.S. in 2005, affecting almost 20% of the U.S. oil supply, it caused the price per barrel of oil to rise by $13.56. In May 2011, the flooding of the Mississippi River also led to oil price fluctuation.


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    Causes of fluctuations in Oil prices

    Fluctuations in Oil prices
    Fluctuations in Oil prices

    Weather

    If the weather is too windy, the oil rigs and transport facilities in the US Gulf are likely to shut down or may even suffer damage. If there occurs loss of oil production, this may lead to higher oil prices because the region’s refineries, which depend on the Gulf’s output, are forced to seek crude oil elsewhere. Meanwhile, cold temperatures mean that the pipelines cannot be switched off, it is one of the reasons why it is difficult for Russia to support OPEC in cutting production during its winter.

    Extreme Warm and cold temperatures, especially for prolonged periods, can dramatically increase the demand for crude and heating oil for cooling and heating, respectively, as opposed to the softening effect of more moderate temperatures. If the climate is particularly hot then more crude oil is used in power generation, resulting in less available to be exported.

    The US dollar

    Most internationally traded commodities, even oil is priced in US dollars. The decrease in the value of the US dollar relative to a commodity buyer’s currency means that the buyer will need to spend less of their own country’s currency to buy a given amount of the commodity. As the commodity becomes less expensive, demand for the commodity rises, resulting increase in the price and vice versa.The relationship between oil prices and the US dollar works both ways.

    A weaker dollar can also act as a disincentive to producers to increase output. Depreciation in the US dollar against the Russian ruble can reduce profit margins for oil companies in Russia. All of the oil producers revenues will be received in US dollars, which will buy less rubles, but some proportion of the costs will be denominated in rubles and will remain constant. Hence, the prospect of a lower profit margin acts as an incentive to decrease the supply of oil.

    War and conflict

    A look at a simple oil price chart back to the 1970s reveals a series of bumps. Each of these can be pinpointed to wars and conflicts, whether it was the Iranian revolution, the Iraqi invasion of Kuwait or the US-led invasion of Iraq in the second Gulf War. Recently, Arab related uprisings in Libya or Egypt have also affected the oil price.

    Looking at the chart of first Gulf War is a good case study. The invasion of Kuwait by Iraq caused prices to plunge higher but then as soon as the US led invasion started oil prices fell back on speculation that the conflict would be brought to a concrete conclusion and that the military would secure oil manufacturing facilities.

    OPEC supply

    A statement of intent can often be enough to influence sentiment and result in higher prices during a period of weakness. Despite the influence, OPEC have a poor record of sticking with their agreements. The conflict between members and non-OPEC producers means that there is an incentive for individual members to overproduce.

    Unplanned outages

    Possible reasons of Unplanned outages include the weather, maintenance or civil unrest, etc.

    Stocks/Inventories

    Stocks act as a form of extras for both producers and consumers of a commodity. Falling stock levels, however, make a particular commodity market more vulnerable to an unanticipated disruption to supply or a sudden increase in demand. There is an inverse relation between stock levels and the price of oil.


    Impact of change in Oil prices

    Impact on Economy

    Monthly oil prices from 1990 to early 2008, using the spot oil price for West Texas intermediate and the U.S. retail gasoline price. The series track each other closely over time, increase in oil prices are accompanied by increase in gasoline prices.

    Global demand for oil has been sky-rocketing, outpacing any gains in oil production and excess capacity. The reason behind is that developing nations, especially China and India, have been growing rapidly. These countries have become increasingly industrialized, which contributed to an increase in the world demand for oil. Addition to it, in recent years fears of supply disruptions have been spurred by turmoil in oil-producing countries such as Nigeria, Venezuela, Iraq, and Iran.

    The astoundingly sharp increase in the price of oil in the last half of 2007 and first half of 2008 has led many to argue that increased speculation in markets has played a role and there is evidence of increased activity in these markets. However, the speculation is playing a role in high oil prices is open to debate. It is even useful to remember that both the demand and supply of oil react sluggishly to changes in prices in the short run, so very large changes in prices can be required to acquire equilibrium.

  • LINGUIX: Best Writing Assistant Tool

    reating Content, Writing Blogs, and Articles, penning down your thoughts, looks like an easy task to do, but when it comes to creating perfect sentences in terms of language, grammar, metaphors, or we can say productive, many of us fail. And it’s alright. No one is born perfect in anything. Practice makes a man perfect. Linguix is that piece of cake that will surely make your content error-free.

    Well, that is obvious. We don’t like to find our grammatical mistakes by anyone else. It might erratically make you feel less. Well, in that anyone would like to have a personal assistant that does detect your semantic errors and also suggests to you the appropriate replacement.

    What is Linguix?

    Linguix is a writing assistant powered by A.I. that helps you in digging out mistakes in your content and also provides you with appropriate grammar, style, vocab recommendation, and punctuations.

    LINGUIX: The Best Writing Assistant Tool
    LINGUIX: The Best Writing Assistant Tool

    Consequently, It supports you in learning from the mistakes you made in your article and speeding your process with exceptional crumbs.

    While working with Linguix you will get notified as you made a mistake in

    your content and also present you various correct options based on 2,000+ rules in context. Despite identifying errors, Linguix also renders alternative words, phrases, and spelling corrections to you. It also does the job of eliminating instances of weak phrases, sentence structures, and typos.

    Tool Name Linguix
    Linguix Developers Textly Inc.
    Founded in November 2018
    Linguix Founder Alex Linguix
    Linguix Contact support@linguix.com
    Best For Marketers & non-native English writers

    Linguix’s AI traces and grasps the ability of its users and also offers you contextual recommendations based on the observations.

    Briefly, all this work done by Linguix made the writer confront all the problems in their work and give a firm hand to become a brilliant Writer and avoid more impreciseness.

    Linguix Features

    1. Examine Pre-Drafted Content
    Linguix offers you to check out the content that was drafted by you earlier and figure out all the mistakes that you’ve made in the article. You just have to put your content and analyze it. Voila! Work is ready to share with others.

    2. Built-in Vocabulary
    We can’t always search for the perfect word for our content on google or in dictionaries. It is a tiresome process. With Linguix, you get a Built-in Vocabulary that layout a lot of words that you can use in your content.

    3. Get Definitions of Words
    Linguix has a feature named “Lookup in Linguix,” where you can seek definitions of any word. Sounds like a golden hello.

    4. Detailed Explanations of Grammatical Mistakes
    Everyone pursues writing well and sound articles. But sometimes we all make mistakes, Linguix will surely provide you the correct answer, but also gives you a bonus as explaining in detail about whatever the mistake you made.

    5. Access Viewers Specific Statistics
    Linguix allows you to get information about the Viewers Specific Statistics to be aware of publishing the content for targeted audiences.

    6. Calculate your Writing Score
    Linguix has this fantastic feature that performs the job of counting your words, average word length, reading time, and final readability score.

    7. Secured System
    Linguix has a purely secured system that keeps all confidential, sensitive, and relevant content as it has a flexible Security setting.

    8.Secret Mode
    This feature of Secret mode helps you in editing a private and sensitive content with complete secrecy.

    9. Integrates with many Platform
    Linguix integrates with multiple platforms for your smooth working like Google Docs, Gmail, WordPress, Medium, and more.

    Benefits of Linguix

    1. You got 2700+ advanced grammar, styles, and spellings reparation.
    2. Useful references for Non-Native Speaker
    3. Calculates Writing statistics, Readability scores, audience-specific Enumerations.
    4. Have Secret Mode that performs like a secret chat section. As soon as you exit the windows, all the information will disappear automatically.
    5. Checks your writings through chrome/firefox everywhere on the web
    6. A content templates library with dozens of texts (press releases, blog posts, essays, etc.) is useful to a writer.

    While communicating in Business documents must be error-free and also free from poor sentence structure, wrong choice of words, and more. With the help of Linguix, you can write agreements, contracts, business letters with confidence, and without any grammatical mistakes.

    Comparison of Linguix And WhiteSmoke

    Basis of comparison Linguix WhiteSmoke
    Best for English learners, native speakers, content creators. Workplace and by corporate professionals writing business reports and documentation.
    The Ideal number of users 1000 1200+
    Ease of use 4.3/5 5.0/5
    Features and Functionality 4.1/5 4.3/5

    Linguix Pricing

    Normal Price Appsumo Deal
    $8 per month $49 for Lifetime

    Linguix Appsumo Deal

    • Lifetime access to Linguix Premium Plan
    • You must redeem your code(s) within 60 days of purchase
    • All future Premium Plan updates
    • Stack unlimited codes
    • GDPR compliant (partner verified)
    • 60-day money-back guarantee, no matter the reason

    Frequently Asked Question (F.A.Q.)

    Q1. What is Linguix?
    Linguix is an AI-powered writing assistant that helps you in creating stylish and error-free content.

    Q2. What is Linguix Premium?
    Besides free trial, Linguix also offers Premium services. It combines several payment options as per the requirement of the user who wishes to get access to the error-free database as well as comprehensive statistics.

    Q3. Can I use Linguix to detect texts in any other language except English?
    No. This feature is currently unavailable in Linguix. It only supports the English Language.

    Q4. How does Linguix work?
    You have to copy and paste the text you want to examine or type it in the Linguix online Editor where hundreds of automatic checks occur. As a result, you will get corrections for grammar, punctuation, word choice, styles, spellings, etc

    Q5. How Linguix Pricing Works?
    Linguix has a feature named as recurring payments, where your subscription automatically renews after the end of the billing period. Plan renewal will be made at the rates stated on the subscription page at the moment of the signup. Your account will be charged monthly, quarterly, or annually depending on your chosen option.

    Q6. What is Linguix AppSumo Deal?
    In linguix Appsumo Deal, you will have to pay $49 for once and can use the Linguix Premium for a lifetime.

    Q7. Where do all the information get stored?
    Data entered in the Linguix is stored in servers in the United States provided by The Digital Ocean.

    Q8. How does data get secured?
    Linguix uses a combination of security measures to secure all the information entered by the user via Encryption, Secure Development Best Practices, Protected Data Transfer. Secure Network Configuration, etc.

    Conclusion

    Professional writers who keep working hard to maintain their streak of professionally-effective articles or authors who want to make sure that their contents are free of typos and other grammatical errors will love Linguix as it keeps their writing at the Vigorous level.

  • 8 Things To Consider While Evaluating The Resume Of a Freelancer Phonegap Developer

    An increasing number of businesses today are investing in mobile app development to effectively navigate the shift in consumers’ choices and preferences towards mobile technology. But if your organization doesn’t have staff with technical skills and expertise to develop these mobile apps, there is no need to worry.

    There are multiple options available to hire the skill sets and expertise of professional app developers, be it PhoneGap developers or Node.js developers for hire.

    Evaluating the Resume of a Freelancer Phonegap Developer

    Native iOS and Android development services are very time-consuming and usually cost a lot. If you wish to save time and cost both, hire phonegap developers to build a multi-platform mobile solution.

    PhoneGap is essentially Adobe’s distribution of Apache Cordova, with some extra capabilities added by Adobe. It offers an excellent solution to cross-platform compatibility of mobile apps with high market demand.

    An open-source framework having an association with CSS3 and HTML5 JavaScript, Phonegap’s platform independence makes it suitable to develop hybrid apps for Android, iOS, Windows, WebOS, and more. You can hire PhoneGap developers for using standardized web APIs and integrate it with standard SDK for the targeted mobile platform.

    This article discusses the eight factors you need to consider while evaluating the resume of freelance or independent PhoneGap developer-

    1. Past Work Experience

    Professionally qualified and confident PhoneGap developers should not hesitate to tell you about the work they have done and apps they have created until now.

    Their past work experience will give you clear insight on whether or not they have the requisite skills and expertise you are looking for along with the quality of the projects they’ve worked for including-

    • Custom PhoneGap app development from scratch
    • Custom iPhone, Android, and Windows mobile app development for both commercial and open-source frameworks
    • PhoneGap mobile app customization

    2. Technical Capabilities

    A successful assessment of technical proficiency goes far ahead of essential programming languages and knowledge of technology. Becoming familiar with the new language, technology, design pattern, and trends are considered some of the crucial things that any reliable PhoneGap developer should be good at.

    Therefore, it is critical to evaluate the candidate’s technical strength, problem-solving skills, grasping power, creativity, and understanding before hiring them for your app development project.

    3. Development Time

    One of the critical reasons why developers consistently favor PhoneGap application development is quicker time to create and convey. It saves a lot of development time, cost as well as efforts, which you can invest in building business strategies and various other tasks for business development.

    Qualified PhoneGap developers can build a mobile application for your business that every smartphone user across the world can download, including Android, iOS, or Windows phone users. Make sure that the Phonegap developer you wish to hire understands the various aspects and local components to be incorporated into the application, to develop the applications in a shorter time.

    4. Robust Understanding of Agile Approach

    Every IT company out there is adopting Agile methodology today. With an iterative nature of development, agile methods guarantee incremental deliveries to the enterprises, enabling multiple advantages before the final delivery while the app is in progress.

    It is crucial, therefore, that the Phonegap developer you are looking to hire should be well-versed with an agile approach to mobile app development.

    5. Communication Is The Key

    How well the prospective PhoneGap developer communicates with you during the hiring process can give you a glimpse of the future. If they do not prioritize communication in terms of returning your emails on time or respond to your calls or messages, make sure to look for someone else.

    The freelance app developer needs to give you a weekly work progress report so that everyone is on the same page on the progress of the project.

    6. Development Process

    When evaluating a Phonegap developer, it is crucial to ask them about their development process. Some of the questions to ask here include-

    • How and when do you provide feedback?
    • Are there project meetings regularly?
    • How is communication handled?
      How are scope changes handled?
    • What are the types of project management tools used?
    • How is quality assurance (QA handled)?

    While evaluating their development process, make sure to see that you fit in the entire design and approval process, to avoid any miscommunications at a later stage.

    7. Maintenance Plan and Upgrades

    Typically all the significant platforms upgrade their software at a regular interval. Many times, the app developed in the previous upgrade fails to work correctly in the latest one, or some of the features don’t work in the new version.

    To avoid such situations, it is vital to ensure that your PhoneGap developer offers you a seamless maintenance service. You need to see if they will make necessary changes in your app, which would be per the upgrade so that it can handle all the future upgrades.

    8. Cost Considerations And Timelines

    Cost is another factor to consider when evaluating profiles of prospective PhoneGap developers. You must ensure to discuss all the elements of the cost of app development, such as the cost overruns and underlying fees before-hand, to avoid any confusion at a later stage.

    Further, the developers must ensure that they are delivering all the things which are promised on time. Any delay from them means a huge setback for the client and revenue loss for the business.

    In Conclusion

    Professional PhoneGap freelance programmers are known for their considerable experience and expertise in building mobile apps, primarily using HTML, CSS, and JavaScript. They have expertise in developing a wide array of mobile applications, including stand-alone apps, dynamic apps for games, online websites, and much more.

    When evaluating the resume of prospective PhoneGap developers, the factors mentioned above are significant to consider to be able to hire an impeccable developer for your project.

    Considering these factors allows you to hire right freelance candidates in terms of work, understanding, and overall process. It also ensures that you get the advantage of the best possible methodology for your PhoneGap project to deliver technologically superior mobile applications, which can be deployed in different mobile devices.

  • The Things You Should Do For Domain Selling Business Success

    If you also want to make money online, there are several ways to wait for you. The internet is full of opportunities which makes your job simpler. You just need to choose what is suitable for your skills, requirements and guide it then.

    Domain selling is a serious business in today’s world. The domain selling a business is turned to be a low-risk business. However, there is a need to go through all legalities to start a business. A domain name is usually a website name. This is the address for the internet to access your websites.

    Business requires domain names to register to protect it from copyrights and trademarks. You can also resell domains. Given below are the important steps to start your domain business.

    How to start domain selling business

    1. Experience

    If you are an experienced web developer. Then you should start domain selling and hosting business. You should gain experience by working in the company. This will help you in fixing the price of your product and earn money. Experienced web devs know the level of competition in the market.

    2. Set The Value For Your Domain

    Firstly determine the price of your domain. Most of the people end up overpricing their domains. This is the reason for restrictions on the market reach. Some domains own a higher price than others due to the suffix used. Shorter domains have more value than longer ones.

    You can spend time researching the other related domains that have already sold.

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    3. How To Sell

    Once you get a clear idea for the worth of your domain. You need to start finding buyers and create a customer base. You need to fix a broker for domain who shares the total selling price. You get to display a list of domains on popular sites that sell them.

    You can also advertise your business on various social platforms. And try to reach to required domain and website hosting businesses.

    4. Fix Your Target Groups

    You need to fix your target groups. It helps you to focus on specific domains and build your expertise. After domain listing, focus on making it more attractive. You need to know whether the domains have any existing traffic already. You should use escrow service to avoid deceived by any buyer.

    You should list out domains in strong distribution networks. This will let you bring your domain names to the millions of buyers every month.

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    5. Business Plan

    You should have a proper business plan to work on. You also need to plan the budget and the amount of money to invest. You need to be very clever with your investments in your business. Try to fix a timeline and work accordingly.

    6. Website

    Try to build a proper website that is business-oriented. Also, decorate your site. It should be attractive to customers. It should contain all the information related to your business.

    Payment services present on the website have to be secured. You should also add an online chat system. This will help you in getting all information about their queries.

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    Top premium domain sells in the last 12 months

    So How Do I Sell Domain Names?

    Step 1: Have Your Domain Assessed

    The very first step is to determine the value of the domain name. You can assess domain names yourself. An excellent approach to appraise your domain name is NameBio. It uses a keyword-based search engine that looks up for sale prices of the domain names. You can find an idea about the lowest, highest, and average prices.

    But what if you couldn’t find value for the domain name. This is where listing the services helps. A professional appraiser will know the market very clearly. It can provide valuable information that helps you to get you a domain name.

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    Step 2: Try To Set a Price For Your Domain

    Most of the domain names sell in the three to the four-figure.  If you already a premium domain name, you can low the price in the case to gain interest. A fixed price strategy is to create an idea for people. This could be a great strategy to use for people asking for fast sales.

    If you already have a premium domain name then you can command 6 or 7 figures. You are now in a good position to set a price.

    Top domain name investors

    Step 3: Landing Page Indicating That Your Domain Is For Sell

    While buyers choose the domain of their choice. They will check the domain in their browser if it’s available. creating a landing page on your website can lead you to close a deal.

    There are many creative ways to locate buyers to such landing pages. Make sure you create the landing pages for every domain you sell. Most of the landing pages have inquiry forms. This allows clients to gather information.

    Don’t ignore the value of interpersonal communications while closing a deal.

    Step 4: Try To Choose An Avenue To Sell Your Domain

    Many sellers do enlist of domain sites with person to person to sell. You can these domain marketplaces. Those are Afternic, BrandBucket, NameCheap, and Sedo.

    GoDaddy auction is the popular domain auction site around. You can encourage buyers to contact for further information. Let them have entered their bid on the auction site. This is true that many of the auction sites charge a commission from selling price. But this will be worth your peace of mind.

    Most of the marketplaces have a review feature. Read out the seller’s reviews on the buyer. This will give you an idea about the seller whether he/she is trustworthy or not. Don’t go further for the deal, if you are not sure about it.

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    If you are looking to start a hassle free business, eCommerce is the one way toto go. Basically, eCommerce is an online process of buying or selling goods andservices. There is not any paperwork involved in making any transaction. One ofthe best things I like about e-commerce startup is that you …

    Step 5: Use a Service To Transfer Funds

    If you want to transact a large amount of money. Then you should hire an escrow service. Go for research on the marketplace auction site you want to use. If that doesn’t own escrow service. You should hire one yourself. Escrow service makes larger money transactions more secure. Because the buyer will not receive the domain until full payment has been made.

    Escrow service is a broker between you and the buyer. An agreement containing the details of the sale will be great. The buyer will then submit the payment to an escrow account which then will be delivered to you. You should contact the domain registrar and transfer the domain to the buyer. And lastly, the buyer confirms to escrow service about receiving all rights.

    If anyone fails on their part of the agreement. The escrow service contains all the details of the transaction. This can be used as a piece of evidence for further actions.

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    That’s a Wrap

    Therefore, setting up a domain selling business can be exciting these days. This is due to an increase in demand for domain names. Domain names are required several businesses. Such as law firms, educational institutions, and eCommerce business. Ecommerce is spreading rapidly throughout the world. The domains you want to supply have to be easy to access and secured.

    You can supply startups trendy and popular domains. Which helps them in building their website without any coding. You can try to get in touch with established people. Because they know the way of approaching it and make it successful.

  • What Is Startup Valuation? Methods Of Startup Valuation

    Startup valuation is both art and science combined. The gut, instinct, and gut instincts are usually involved. Well established companies are easier to value because you can throw their revenue in a spreadsheet and work its magic. They have numbers. A startup in its initial state lacks solid numbers. Only forecasted values are available, and those are just an estimation.

    Why is valuing a startup necessary, you might ask. Valuing helps an investor decide if the startup is worth investing in. And why are startups valued so high? Showing a high and solid valuation attracts investors like bees to honey. The valuation also helps entrepreneurs in determining how much of a share to give to investors in exchange for their money.

    But having a high valuation at the start is not compulsory. It just means that a high valuation at the seed round implies higher valuation in the next round. For that, you will need to show considerable growth. A general metric is showing 10x growth over eighteen months. There are two strategies regarding valuations:

    • Go big or go home – Raise a large amount at the highest valuation and grow as fast as possible. If successful, the seed round will fund itself. And the dilution rate is less as compared to a slow-growing startup.
    • Slow and steady – This involves a steady growth rate where you raise only as much as you need and spend as little as possible.

    Factors That Impact Startup Valuation

    Industry

    If the industry is booming, investors are more likely to sink money into your venture.

    Customer base

    Showing that your company has customers is a surefire way of showing high valuation.

    Reputation

    If the owner has a stellar record of running businesses or the product/service is a successful one, investors are more likely to get attracted even if the business lacks a customer base.

    Supply & Demand

    If the demand is high, a high valuation can be placed. If the supply is higher than demand, investors might be less willing to invest a large amount.

    Product

    Lack of need for the product or if the product is not of good value, the valuation of the business is lowered.

    Competition

    The business will find it difficult to carve a niche for itself if there is no scope left, i.e if there is heavy competition.

    Management

    Sometimes, an outstanding team is enough to inspire confidence in an investor. Lacking that can make things go downhill.

    Pre-evaluation revenues

    This depends on whether you already have a commercial product/service in hand and if it is generating any revenue. An existing revenue is a positive cause for convincing an investor.

    Methods of Valuation of Startups

    Cost-To-Duplicate

    In this method, the hard assets are taken into account and the cost of duplicating the same business elsewhere is estimated. Unfortunately, this method does not take into consideration the growth potential and intangible assets such as brand value, industry trends, or reputation. This method gives us the ‘lowball’ estimate of the venture.

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    Discounted Cash Flow

    This method determines the cash flows generated in the future and sets and applies a discount rate to the value to arrive at the probable valuation. The cash flow determination depends on market fluctuations and the ability of the analyst to make good assumptions. The discount rate is proportional to the risk factor.

    What is Startup Valuation
    Discounted Cash Flow

    Berkus Method

    This is the most popular method in use. It is used for the valuation of pre-revenue startups. This is how it works :

    If It Exists Add Company Value Upto
    A Sound idea $ 0.5 million
    Prototype or working model $ 0.5 million
    Quality management team/ Reputed leader $ 0.5 million
    Strategic relationships/ Partnerships with industry $ 0.5 million
    Product rollout or sales (initial revenue) $ 0.5 million

    Comparables/Multiples Method

    This method works on the principle ‘one price for all’, meaning similar companies are worth the same.  Essentially, similar startups are compared. It uses industry ratios such as price-to-earnings ratio, price-to-sales ratio, values-to-earning before interest, etc., It also takes factors that are not similar for both companies into account.

    What is Startup Valuation
    Comparable Company Analysis

    Image Source: CFI

    One disadvantage of this method is that there is a slim chance of finding similar startups as business ideas tend to be unique.

    Scorecard Valuation Method

    The average pre-money valuation of all startup businesses in the area is determined. The startup in question is valued against them on the basis of a scorecard. The Scorecard consists of the following factors and their weightage.

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    Risk Factor Summation Method

    This method uses the same average pre-money valuation method and compares twelve elements of a target startup to a funded and profitable startup. The elements are as follows:

    • Management
    • Stage of the business
    • Legislation/Political risk
    • Manufacturing risk
    • Sales and marketing risk
    • Funding/capital raising risk
    • Competition risk
    • Technology risk
    • Litigation risk
    • International risk
    • Reputation risk
    • Potential lucrative exit

    Each parameter is awarded a value ranging from +2 to -2, with +2 being a positive valuation of the company for that parameter and -2 being negative.

    Valuation By Stage Method

    This method is similar to the Berkus method but treats the parameters in the latter as subsequent stages. Generally, the stages appear to be:

    • ‘An exciting business plan’ -may warrant around half a million
    • ‘A strong management team’ – may warrant one million
    • ‘Availability of prototype or finished product’- may warrant around 1-2 million
    • ‘Partnerships or steady customer base’- may warrant around 2-5 million
    • ‘Shows signs of growth and profitability’- may warrant greater than 5 million

    The amount is the valuation of the company and gives an idea of how much an investor might be willing to invest in your startup.

    Venture Capital Method

    Professor Bill Sahlman of Harvard business school introduced this method. The following formulae are used:

    • Return on Investment (ROI) = Terminal (or Harvest) Value ÷ Post-money Valuation
    • Post-money Valuation = Terminal Value ÷ Anticipated ROI

    This method is meant for pre- as well as post-revenue startups.

    First Chicago Method

    This method is a very qualitative way of determining the state of the startup. Three different evaluations are given based on the best-case scenario, the worst-case scenario, and the normal scenario.

    What is Startup Valuation
    First Chicago Method

    Book Value Method

    This method is used when the startup faces a loss and is going out of business. The valuation is done considering only the tangible assets of the company. Growth, revenue, branding, etc., do not matter.

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    Any method on its own is not sufficient to get a correct estimate. The best approach would be to evaluate the startup using multiple methods. Those methods on average will give us an approximately accurate guesstimate. Not to mention some methods are merely qualitative. Valuations are handy when you turn to fundraising.

    There is no hard and fast rule when it comes to scoring funding. Sometimes, the person, the brand, or the team might convince the investor rather than the calculated numbers. It is a matter of skillful negotiation and instilling faith in the investor that your company deserves the funding.