binary-options-trading-broker

6 Tips to Find the Best Binary Brokers in Germany

You need a broker to invest in the binary options market. The broker will hold your investment and provide a secure trading platform for you. Since the whole process is done online, you need to choose a reliable broker. I have collected the 6 most useful tips for choosing the best binary options broker. Let’s see which they are.

1. Country of Registration

Your investigation should start with this question – where is the broker registered?

While you are advised to choose a broker registered in the USA, UK, you can also consider a broker which is registered in an EU country. A lot of brokers claim to be registered in Cyprus, owing to the country’s weak regulatory system. However, Cyprus has recently started providing a special binary options license. Make sure that you are choosing a broker like BDSwiss which has this new license.

2. Available Assets

Depending on their location and business policy, brokers offer different types of instruments for the investors. Some common examples include commodities, stocks, currency pairs, indices etc. Having access to different types of instruments allow you to minimize the risk and take advantage of a volatile economy. Therefore, before you decide on a binary options broker, make sure that the company offers all the assets you require.

3. Expiry Times

Expiry times are the time duration for which you are making the investments. Most binary options brokers offer the common expiry times like the 15 mins, 30 mins, 1 hour, 24 hours and more lengthy options. Some modern brokers also offer the 60 seconds option. Which option you choose depends on your experience level. If you are a beginner, you should start with a longer option first. Check out the expiry times offered by your chosen broker and then take the decision.

expiry-time

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4. Return on Investment (ROI)

The whole point of trading binary options is to make money. And therefore, it is very important to know what types of profits and returns are offered by your chosen broker. Finding the ideal broker will help you to make more profit within the same time. Various brokers offer ROI of 60% to 80%. If a broker offers a higher rate higher, you should be cautious about that broker. On the other hand, you shouldn’t accept a lower rate too.

5. Financial Tools

The ideal binary options broker should also provide you with all the necessary tools for managing your investments smoothly. They should have a demo or trial offer to test all the features they are offering. Before choosing a broker, sign up for its trial offer and use the features as you will be doing in the live account. Check out all the available features and make sure that you have the necessary tools in your hand.

6. Trading Software

There are different types of trading software available. Almost all of them are web-based.A simple and user-friendly trading tool will helpful in your everyday trading. The software should also be fully supported by mobile and tablet devices. You should also have easy access to history for at least a week. The ideal trading software should be able to carry out your orders instantly.Check all these features before you choose a broker finally.

Conclusion

These are some of the most common things that you should consider before choosing a new binary options broker. As you are going to invest real money in the broker, take the time to find out a reliable broker. This will increase the chances of your becoming a successful binary options trader.


Customer Satisfaction

10 Quick Tips to Increase Customer Satisfaction

Customers are the main driving source of any business. Being a business owner, it is your duty to make sure that your company is providing the maximum customer satisfaction.Satisfied customers are more likely to buy again and recommend you to others.

If you are looking for some effective ways to increase customer satisfaction, here are 10 quick tips for you. Are you ready? Let’s go.

  1. Set the expectations right:You are creating expectations in your advertisements, promotions and other marketing activities. Make sure that are delivering them accordingly. Under-promise and over-deliver.
  2. Respond to emails quickly: With the rise of the social media and all, everyone wants instant answers now. Replying within a day is considered late.
  3. Follow the Unsatisfied Customers: The comments and/or advice of your unsatisfied customers could be an effective guideline for improving your customer satisfaction.
  4. Display Customer Complaints: Present samples of customer complaints in the meetings or put them in the notice board. Let every employee know what the customers expect from you.
  5. Always Use a Positive Tone:As your customers can’t see you physically, it is very important to create a positive impact on them.Try to create a positive atmosphere in your company.
  6. Reward Positive Behavior: Encourage your employees by rewarding positive behaviors. Give the incentive to the team, and the team members will try to help each other for their own sake.
  7. Never Say No: This is a golden rule in customer satisfaction – Never say no to the customer. Run the extra mile to take care of the customers’ problems and they will become loyal to your brand.
  8. Focus on Improvement: Always try to find out how to provide better customer service. Ask your customers how they like to be treated and do more than that.
  9. Be Honest:Customers will always appreciate an honest answer. In times of difficulties, let your customers know the truth. In most cases, they will understand and support you.

Conclusion

When it comes to customer satisfaction, there is no minimum or maximum limit. Having a satisfied customer base is the key to a profitable business.Follow the tips provided above and deliver the maximum amount of customer satisfaction.


Business Competitors

19 Effective Ways to Outperform Your Business Competitors

In order to be successful in your business, you have to better than your competitors. This is a common fact. But how do you separate your products and/or services from the crowd? Being cheaper would be the most common answer, but there are lots of other ways too.

In today’s post, I will share 19 effective ideas you can use to outperform your competitors.

1. Offer Better Quality: Improving your product quality could be an excellent way to stand out. This can help you to justify the price of your products.

2. Sell a Unique Product: Most of the time, you will see that people are selling the same things over and over again. If you can come up with a unique or very rare product, that could be your key to winning the race.

3. Make It Simpler: Making your product or service easier to use will definitely give you a positive feedback. If you are providing a simpler user experience, you are way ahead of your competitors.

4. Make It More Secure: Most people want to purchase secure products, even at a slightly higher price. Therefore, if you can convince your customers that you are offering a safer solution, you will find it easier to outrank your competitors.

5. Make It More Efficient: Are your products/services getting more done than the others? Are they faster, quicker? You can focus on doing any of these to improve your position.

6. Make It More Compact: Everybody loves a compact product. Look for ways to make your product smaller or more handy. If you can keep the same quality but make your product more compact, you will see more sales almost instantly.

7. Apply the Retro Effect: Applying the retro effect could be an exclusive game-changer for you. Every now and then, you will see some companies renovating old concepts, designs or ideas and becoming big successes.

8. More Attractive Design: If the quality and the price is almost the same, the customers will go for the one that looks better. Therefore, try to improve the design aspect of your products to win the competition.

9. More Stylish/Beautiful Packaging: Packaging is a very powerful way to impress your customers. You can easily outperform your competitors by offering more stylish and/or beautiful packaging.

10. Endorsed by A Celebrity: While this is not the easiest way to go, it could have a significant impact on boosting up your sales.The celebrity attachments will make your brand more powerful.

11. Make it Environment-friendly: These days, people are becoming more conscious about the environment. And if you can make your manufacturing process environment-friendly, it will definitely keep you ahead of your competitors.

12. Offer Quieter Products: Unless you are selling speakers, you can make it a goal to make your electronic products quieter. Customers will always appreciate a product that makes less noise.

13. Healthier or More Organic: People are very serious about their health. If you are selling food and/or drink products, ensuring that your products are organic and healthier could take you a long way.

14. Offer Home-made Product: People will love a product if they know that it is manufactured in their own country. Do I need to say more?

15. Get the Necessary Certifications: All industries have different certification or accreditations or some way of endorsement to confirm that the product adheres to specific quality requirements. Getting any of these will make your brand look better.

16. Provide Better Customer Service: Despite being an obvious one, most companies don’t take this one seriously. It is possible to stand out only by offering sincere customer service.

17. Provide Faster Deliver: This one could be a perfect way to attract more customers. You may charge a higher delivery fee, but a quicker delivery can make or break the deal.

18. Have a Nice Website: In this age of internet, you absolutely need a beautiful, efficient and user-centric website for your products/services. Lacking this could be an indicator that you are not serious about your business.

19. Offer Freebies: While this is a common technique, you can differentiate yourself by offering unique and thoughtful freebies.

Final Words

In today’s competitive world, keeping ahead of your competitors is the only reliable way to be profitable. The tips mentioned above will help you in that regard. Apply them whenever possible and you will definitely see gradual improvements.


Buying A Business

Questions You should Ask Before Buying A Business

Buying an existing business is a better idea than starting a new one from scratch.You will get an established business with everything in place. However, buying a business has its drawbacks too. If you don’t do the necessary investigation, you may end up losing money.

To make the process easier for you, I have made a list of the essential things you should know before buying a new business. Let’s see which they are.

Why is He Selling?

While this is the most common question in the process, it is very important to get a clear answer. And the answer should be consistent with all the other information you are getting. If you find any mismatch between the answer and the information, you should be alarmed.

Revenue History

The second most important information you require is the documented revenue history of the business. You should pay close attention to the relevant information and try to find out if they are correct. If you don’t have the experience, you should consult your financial adviser.

Legal Disputes

When buying a new business, you should try to avoid any existing lawsuit. Find out if the owner and/or the business have any past, present or potential legal issues. The business owner should clearly indicate any such issue before the process finishes. For future protection, try to get it in a written form.

Assets and Liabilities

When talking about businesses, we only focus on the customers, money marketing etc. But we often ignore two important things – assets and liabilities. Before taking the final decision, you should get a clear idea about the existing and potential assets and liabilities of the business.Get professional help if needed, but don’t take this issue lightly.

Tax Paperwork

Gather all the relevant tax paperwork regarding the state and federal taxes. Particularly, you should look for tax ID numbers, IRS documents, tax returns and tax certificates. Also collect the necessary documents which prove that the business is legally registered in the state.

Key Customers and/or Vendors

Every business has some key customer and/or vendor. This could be specific individuals, groups and/or companies. If the business heavily relies on a specific customer and/or vendor, you should be concerned. It might happen that they are loyal to the previous owner and they will jump the ship once the ownership changes.

What Skills Will You Need?

Each business requires some specific business, leadership and communication skills. Before engaging the business, make sure that you know these requirements for your industry. If you don’t already have these skills, find out whether you can learn the skills within the required time frame.

Final Words

Getting into a new business requires you to have in-depth knowledge about the market and the industry in general. By asking questions relevant to the things discussed above, you can make sure that you are gathering the necessary information for buying a new business.


Financial Advisor

Top 5 Reasons to Choose Financial Advisor

Conventional wisdom will tell you to hire a financial planner to beat the stock market. But that doesn’t qualify as a valid reason for hiring a financial planner in the real world. Rather, you should hire a financial planner to grow your business and ultimately, yourself. Here are the top 5 reasons for hiring a financial planner.

© Usnews.com

© Usnews.com

1. Protect your Future

Business owners are usually too much consumed in thinking about their business strategies all the time. They remain so busy in the present that they forget to think about the future. A professional business planner will help you to develop a solid future plan. He will see through you financial condition and work to ensure a secure future for you.

2. Balance Financial Strategy

A common trend among the business owners is to reinvest in their businesses only. They don’t even consider the possibility of investing in other businesses and reducing the risk. While reinvesting in your own company is perfectly logical, investing in other companies will provide you with additional benefits like tax breaks, risk mitigation, profit maximization etc. A good financial planner will be able to help you in this regard.

3. Manage your Assets

Your business assets and the outside assets should be managed in a profitable way. In the long-run, they should deliver enough profit to overcome the inflation. However, doing this requires extensive knowledge about the local and global markets. A financial planner has this knowledge and can help you to get the most out of your assets.

4. Build your Pension

The majority of the business owners consider their businesses as their pension. They plan to sell the business or hand it over to their future generation.Sustaining a profitable business over the long run requires the advice of a competent financial adviser. He will also make you aware of the available options and tax breaks to maximize your pension.

5. Be Prepared for the Unexpected

The only thing you should expect from your life is to be unexpected. Severe illness, sudden death, business failure etc. are fairly common events. But most of business owners are not prepared to face any of them. A financial planner will make sure that you have proper planning for any of these events. He will create the necessary safeguards and inheritance tax plans for you.

Concluding Remarks

The importance of a reliable finance adviser could not be stressed enough. The expert advice of a financial adviser is crucial for the future of your business and yourself. If you don’t have a financial advisor yet, you should hire a professional finance planner as soon as possible.


Mistakes to Avoid

5 Mistakes to Avoid When Starting A Business

Starting a business is a very exciting and demanding task. In the excitement of beginning a new venture, you might overlook some of the things which are very critical to your business success. If you are thinking about getting into a new business, you have come to the right place.

In today’s post, I will discuss the 5 deadly mistakes which can prevent your business success. Let’s see which they are, shall we?

1. Missing a Business Plan

Business plan is the first ingredient of a successful business. Unless you prepare a business plan, you will have no idea about the profitability of your business idea. It is like the blue print of your business. As you won’t start building your home without a blueprint, you shouldn’t do that with your business too.

Business-plan

Preparing a business plan requires extensive research and lots of time. But rest assured that the time you spend could save you from a severe financial disaster in the future.

2. Not Doing any Market Study

Before starting any new business, it is crucial that you perform in-depth market studies. You should identify whether there is a demand for your products or services, what price the customers are willing to pay and who are your main competitors.

Market-Study

© Utalkmarketing.com

Without a market study, you won’t have any reliable data about the potential success of your business. Doing an in-depth market study will provide you with realistic ideas about the current and future trends of your business.

3. Ignoring the Competition

Just ignoring the competition will not abolish them. This could be a fatal mistake for your business. If your competitors are offering the same quality products at a competitive price, you are going to have a tough time retaining your customers.

On the other hand, if you acknowledge the competition and plan accordingly to outperform them, you will have a better chance of success. Knowing your competitors will also allow you to identify whether there is any potential for you to succeed in the long run.

4. Not Knowing Yourself

This is another huge mistake by many new business owners. They don’t analyze their strengths and weaknesses before getting into a new business. As a result, they often find themselves in challenging situations and fail to make their businesses profitable.

In order to avoid these situations, make sure that you are absolutely clear about your abilities, limitations and how they can impact your new business plan.

5. Not Having Enough Money

Majority of the new businesses will not make any money in their first years of existence. Most of them will not make any significant money within the next few years too. As there is no guarantee that your business will be a profitable one, you should have enough money for running your business for these years.

Enough-Money

© Rhrealitycheck.org

You will also have to spend money for advertising, marketing and other promotional activities. All these means you should have the financial backup to continue until your business becomes profitable.

Final Thoughts

If you are planning to start a business in the imminent future, make sure that you are addressing each of these issues personally. Building a profitable business is a continuous process. And you should have the necessary preparations for keeping it up.


Going Public

Pros & Cons of Going Public

When a company wants to go public they sells shares of stock to the public, is one of the most important events. The new capital raised in a successful public offering can greatly increase a company’s potential for growth and expansion into new markets. These benefits are not without costs, most importantly in the form of a loss of control over the business. Here is a list of pros and cons to consider in determining whether to go public.

Pros of going public

  • The company obtains increased prestige and visibility
  • Going public can help improve its financial condition by obtaining money that does not have to be repaid
  • Company stock can be used to raise capital
  • Company stock in the form of stock options can be offered to employees and contractors as a meaningful form of incentive compensation

Cons of going public

  • Management loses some of its freedom to act without board approval and approval of a majority of the shareholders in certain matters
  • Control of the company can be taken away from existing management if a dissident investor or group of investors obtains majority control
  • When a company goes public, the SEC requires it to reveal sensitive information on an ongoing basis