Connect with us

News

What Guidelines Should Micro Gig Sellers and Buyers Follow?

Published

on

[ad_1]

Being a business owner I can answer these questions from a buyer’s perspective and fill in some key advice that can help sellers up their quality, which will in turn up their sales. If you are a small business thinking of using these services and are not sure how to go about weeding out the multiple sellers then the tips presented here may be useful. If you are a seller trying to get an edge to compete, then this may help you.

Every seller isn’t a winner, every buyer isn’t one either.

When I first started using Micro Gigs (Fiverr) for my small business I felt at first I had hit the Jackpot for outsourcing the multiple tasks I had piled up. I decided to set a small budget of $200 to the side in order to outsource smaller tasks such as Banner design, SEO writing, Product descriptions, Translation for international customers, Photo editing, Temporary Social media management and small spurts of advertisement. That doesn’t sound like a bad haul for only $200 which would allow me to manage other things that needed more of my attention like Inventory management, order processing, Article writing, budget management and local advertising. So how great were the services I purchased my first time around with $200? I would rate my average experience at around C+ with 18 jobs completed (13 were great and 5 not that great), 5 cancelled and 2 in dispute.

What did I do wrong? I read the job descriptions and had seen the review average was usually a 4.9 out of 5 for most sellers so everything should have been smooth sailing, right? Well I found out quickly that what I had saved in money I had to spend in time. Either by correcting a completed job that was half way what I wanted, asking the seller to correct the work multiple times or simply disputing with a seller who could not accomplish the task to begin with. You can’t just trust each gig is going to be a winner immediately so you have to filter them out a bit first. But at the same time I have seen many reviews from the sellers claiming the buyer was just trying to get the end result of the gig for free. So what guidelines can be a happy medium both can agree on? Well I felt in order to come up with guidelines it would be best to answer the questions of my own experience.

What should buyers do to avoid the most amount of issues and what should sellers expect before a purchase?

Tip #1 – Search for a Gig that has about 20+ reviews first and concentrate on the negative reviews if they have any. Make sure that the issues that seller had in the past are acceptable for what you want to take a risk on. If a seller has 54 reviews and 3 negative reviews say ‘Seller failed to deliver’ then you can guesstimate that seller will fail to deliver 1 out of every 18 gigs. If this is acceptable to you for that sellers going prices, then you may have found your seller.

Tip #2 – Keep in mind that Sellers who have a long duration to complete a gig also mean that they will have a long duration for ‘fixing’ anything that is not correct. For example if a seller takes 7 days to write up 30 product reviews and he turns in something completely different from what you wanted, how long do you think he will take to fix the format of what he turned in? Your guess is as good as mine.

Tip #3 – If a seller has few reviews but you like the product description or the price being offered, then take the time to write to that seller and ask key questions, and avoid asking Yes or No questions. Ask what the sellers experience is, how the seller would complete the gig or what examples they can provide of their work. The sellers answers will allow you to estimate if you want to continue discussing business with them or not.

Are international sellers truly qualified or are they trying to scam you?

More than half the sellers on Micro Gig sites are from the international community for several reasons such as currency rates make Micro gigs attractive to certain economies, the opportunity to break into the US market is increased with resume building experience from these gigs, their own businesses are coming up short and they have to subsidize with these gigs or they are just down on their luck so they decided to sell their services at discounts. There are many other reasons but the fear of being scammed is halved when using these Micro Gig services as there is always the review and refund ‘safety nets’ in play.

But even if it is not a scam there are still sellers that just are not qualified to sell the services they offer. In my experience some of these international sellers do have issues understanding that a buyers money is to be earned and not demanded, in other words just doing a gig at low level of quality is not enough to earn the buyers money. So how do you know which ones are qualified? That is a bit trickier but there are some rules of thumb I have implemented to help with this.

Rule #1 – Request a gig instead of reaching out to the sellers individually. You want to make sure you don’t waste time with a seller who struggles with broken English or non-qualified writers who simply want to get paid then you have to start by Requesting a Gig with your warning first. An Example is if I have 70 product reviews I need written and I want to get a good quote from someone who is qualified I would start my request with, “NO BROKEN ENGLISH, I WILL CANCEL BAD ENGLISH!” This usually discourages about 40% to 60% of those who know they are not qualified since they have an obvious English barrier (I have also done this when requesting translation services into NO BROKEN SPANISH or “¡Sólo los escritores españoles de dominio!” and I have found it works equally well).

Rule #2 – Read the messages from those who do answer your request, they will give you a clue if they actually read your Gig request and will tell you if they follow instructions. An example is if you requested a quote for photo editing of 100 photos, for color balancing, watermarking and teeth whitening while getting a message that says, “I will cut out the background of 10 photos for only $5”, then you can be sure they are not either qualified or didn’t take the extra 15 seconds to read your details the first time. In my experience only about 1 out of every 4 actually write a message addressing your request, which cuts down my selection rather quickly.

Rule #3 – Of those that left you a well-directed message to your request,message each one and ask if they are willing to give a money back guarantee if the work is not completed clearly within you guidelines. Most will either write back in very clear non broken English a counter offer or will agree to a guarantee if you purchase a certain amount.

How do you get exactly what you want the first time from a seller?

My experience has been before you even visit a Micro Gig site, write up your Guidelines very clearly to eliminate most confusion. Give some thought as to exactly what you want, message a seller before you purchase and send the seller those guidelines so the seller can present questions early. Investing this small amount of time now will save you much more time later. Also, if the seller turns in something different from the guidelines you can refer back to them for corrections. Sellers really enjoy working with customers who know exactly what they want by providing clear guidelines and are willing to finish those jobs quicker in hopes of repeat business with that ‘preferred’ customer versus customers whom are very vague with what they want.

What should new sellers do to get quicker business from customers and get high reviews?

First, a seller must be honest with themselves as to what they can and can’t accomplish. Don’t take a gig or offer a gig that you know is beyond your capabilities. This is very counterproductive as it will bring you unwanted issues, it will make the customer feel lied to, and will usually end up in bad reviews. If you know your service does not meet the challenge, then don’t take the challenge. Also, if you know your service will fall apart soon after you have completed it, then don’t offer it as it will also result in bad reviews. Your product description is your bread and butter so keep it clear and honest of what you offer and use it to mention clearly what you don’t offer. Examples; You will not accept gigs to promote violence or you will not accept gigs supporting any political causes.

Second, offer short Duration times no longer than 3 to 5 days, the quicker you can get it done the better. Nothing is worse to a buyer to order something with a 7 day duration only to have the seller not deliver and ask for more time or to cancel. That will not just kill any hope of repeat business but it will also haunt you. Speed may not be everything, but it always counts for something. Offering a 24 hour turn around for an extra $5 is not bad but also don’t overdo it if you can’t handle the time frame.

Third, regardless of what the buyer writes to you in his review, always give a 5 star review back. I have already passed up on hiring experienced sellers who have 40 positive reviews and 3 negative reviews which the seller would give the buyer an equally low review stating things as “This is your own fault” or “It was not my fault as the rules were changed” or even “I am expert SEO, My English very best good and you no good”. This gives off a clear unprofessional impression from the seller even if they were not at fault. Remember, the buyer is the one with the money and they are not just purchasing your product but they are also purchasing your professionalism, so be professional at all times.

Conclusion?

Micro gigs are a good way to outsource small tasks for small businesses, but as with everything there are several things you need to look out for. Keep these guidelines in mind the next time you want to outsource using Micro Gigs may help you either save time, money or both.

[ad_2]

Source by Licia Negron

News

Where to Find Those Efficient and Hardworking Affiliates?

Published

on

[ad_1]

Everyone wants a hardworking affiliate, employee, associate, partner, or even spouse, and why not? It’s the next best thing to doing the work yourself. However with the massive outbreak of work and income opportunities available online, how can you beat everyone else and find that one (or more) ideal person who will make your online business explode with success? Here are some of the most ingenious and uncommon ways to snag the idea affiliates for your affiliate program

Direct Sales Agents

Direct sales people are really one of the most enterprising, hard-working individuals in business. They mostly work on commissions or rebates and are willing to literally go door-to-door offering their products to anyone and everyone they bump into. Imagine how much easier their job would be if they could be an affiliate and simply work via the Internet and a mobile device or desktop.

Also, most direct sales people tend to carry more than one brand in their product arsenal so signing up as an affiliate would be almost the same type of work but using a different approach.

Colleges and Universities

Many college kids would be interested in a part-time income opportunity if it would mean funds to help pay for their education, loan, or partying. All you have to do is make sure to offer them products they can endorse as a student.

Freelancers

Did you know that the U.S. Census Bureau’s latest annual report show that 75% of U.S. businesses used freelancers in 2011? Freelancers earned a whopping US$990 billion in 2011 which is a 4.1% increase from the previous year. The only industries where the number of freelancers decreased were in insurance, finance, and construction. Most probably your affiliate program isn’t a part of these 3 industries.

Furthermore, online business and finance experts are predicting the growth to increase incrementally every year even with an economy that is improving. People just want income security and more control over their earnings. With the spate of lay-offs, it’s understandable why many would prefer to work as an affiliate than as an employee.

Scout For Them At Affiliate Conventions

There are annual affiliate conventions held in different cities around the country. You should try to catch one when it is held somewhere near your location. The average turn-out for these types of conventions has increased regularly over the years. Last year, many of them were sold out weeks before the event.

Advertise!

The US Census Bureau has said that as of 2012, 15% of Americans are poor, 43% of young adults depend on their parents to some extent for money. Even more surprising is that the median income of young adults in 1982 was $31,583 and last year it was $30,604 for the same age group! Income is dropping and people are looking for ways to earn additional income outside of their 9 to 5 jobs. That’s where you can come in playing the hero and helping others realize their dream income.

Finally, go online and talk about your product. Make the affiliate marketers come to you and have the luxury of picking the best candidates. You will need some help in marketing your affiliate program so target a marketer who’s experienced in affiliate program and SEO.

[ad_2]

Source by Lina Stakauskaite

Continue Reading

News

Recession Is Here… Six Costly Mistakes Home Sellers Make During Recessions And How To Avoid Them

Published

on

[ad_1]

The U.S. is officially in a recession. What is a recession? A recession is a business cycle contraction or general economic decline due to significant drop in spending and other commercial activities. Most pundits and politicians will blame Covid-19 crisis for the recession, but even pre-Covid-19 the proverbial writing was on the wall.

The U.S. had over 120 months of economic growth, which was the longest expansion in the modern history. Other indicators, such as negative yield spread on treasuries (long term bonds having lower interest rates than short term T-notes), were pointing to an imminent change of the economic cycle and an impending recession. The only real question was: when and how bad?

Then Covid-19 came… If the cycle was going to change anyway, Covid-19 acted as a huge and unexpected accelerant to make the recession much more immediate and severe.

Inevitably during recessions all classes of real estate, including residential homes and condominiums, will be negatively impacted as lower consumer spending and higher unemployment rates affect real estate prices and marketing times.

Here are the six costly mistakes home and other real property sellers make during recessions and how to avoid them:

Mistake #1: This will pass and real estate market will be hot again soon

First thing to remember is that real estate cycles are much longer than general economic cycles. Even if the general economy recovers, which eventually it always does, a typical real estate cycle takes as long as 10 to 15 years. The cycle has four key stages: Top, Decline, Bottom and Rise.

Let us consider the last real estate cycle, which lasted approximately 14 years:

  • 2006 – Prices hit the Top
  • 2006 to 2012 – Prices Decline
  • 2012 – Prices hit the Bottom (Trough)
  • 2012 to 2019 – Prices Rise*
  • 2020 – Prices hit the Top
  • 2020 to? – Prices Decline

*NOTE: In 2016 the national residential real estate price index reached its pre-recession 2006 peak levels. It took 10 years for the real estate market to recover.

The way to avoid this mistake is to recognize that real estate cycles take years to run and plan accordingly. Additionally, nobody knows for sure when the prices will hit the top or bottom until after the fact.

Mistake #2: Low interest rates will make the economy and real estate market rebound

Between 2006 and 2011 the interest rates (Fed Funds) were continuously cut by the Federal Reserve Board and went from low 5% to almost 0%. However, that did not stop the real estate recession and depreciation of property values.

Undoubtedly, low interest rates made the economic decline and real estate recession less severe and saved some properties from foreclosures, but it still took six painful years for the real estate market to hit the bottom and then four more years for the prices to go back to their pre-recession levels.

Some markets had never fully recovered. For example, residential home prices in some parts of California, Arizona and Nevada are still below their 2006 highs.

To avoid this mistake, one needs to realize that although low interest rates help stimulate the economy and the real estate market, they do not cure them.

Mistake #3: I don’t need to sell now, so I don’t care

If you do not need to sell until the cycle plays out, which typically is over ten years, then you will not be as affected, especially if you have a strong equity position, limited mortgage debt, and solid liquid assets.

However, it is good to keep in mind that “life happens” and either professional or personal circumstances can change and we may need to sell property before the downturn runs its course.

Furthermore, if a property has a mortgages and its value declines to the point being “upside down,” meaning the mortgage loan balance exceeds the value of the property, then the options of selling, refinancing or even obtaining an equity line of credit, will be significantly limited.

This does not mean that everybody should be rushing into selling their real estate if there is no need to do so, just keep in mind that circumstances may and often do change and property options will be affected, so plan in advance. As one wise proverb says: “Dig your well before your thirst.”

Mistake #4: I’m selling, but I won’t sell below my “bottom line” price

This is a common and potentially very costly mistake. Generally speaking, every seller wants to sell for the highest price and every buyer wants to pay the lowest price. That’s nothing new. When selling real estate, most sellers want to achieve a certain price point and/or have a “bottom line.”

However, it is important to understand that the market does not care what the Seller, or his/her Agent, think the property value should be at. The market value is a price a willing and able buyer will pay, when a property is offered on an open market for a reasonable amount of time.

Overpricing property based on Seller’s subjective value or what is sometimes called an “aspirational price,” especially in a declining market, is a sure first step to losing money. When a property lingers on the market for an extended period of time, carrying costs will continue to accumulate and property value will depreciate in line with the market conditions.

Additionally, properties with prolonged marketing times tend to get “stale” and attract fewer buyers. The solution is to honestly assess your selling objectives, including the desired time-frame, evaluate your property’s attributes and physical condition, analyze comparable sales and market conditions, and then decide on market-based pricing and marketing strategies.

Mistake #5: I will list my property for sale only with Agent who promises the highest price

Real estate is a competitive business and real estate agents compete to list properties for sale which generate their sales commission incomes. It is not unusual that Seller will interview several agents before signing an exclusive listing agreement and go with the agent who agrees to list the property at the highest price, often regardless if such price is market-based.

Similarly to Mistake #4, this mistake can be very damaging to Sellers, as overpriced properties stay on the market for extended periods of time costing Sellers carrying expenses such as mortgage payments, property taxes, insurance, utilities and maintenance.

Furthermore, there is the “opportunity cost” since the equity is “frozen,” and it cannot be deployed elsewhere till the property is sold. However, the most expensive cost is the loss of property value while the real estate market deteriorates.

During the last recession, we have seen multiple cases where overpriced properties stayed on the market for years and ended up selling for 25% to 40% below their initial fair market values.

The solution is to make sure that your pricing strategy is based on the market, not empty promises or wishful thinking.

Mistake #6: I will list my property only with Agent who charges the lowest commission

Real estate commission rates are negotiable and not set by law. A commission usually represents the highest transactional expense in selling real properties and is typically split between Brokers and Agents who work on the transaction

Some real estate agents offer discounted commissions, in order to induce Sellers to list their properties with them. But does paying a discounted commission ensure savings for the Seller? Not necessarily.

For example, if the final sales price is 5% to 10% below property’s highest market value, which is not that unusual, due to inadequate marketing, bad pricing strategy, and/or poor negotiation skills, it will easily wipe out any commission savings and actually cost the Seller tens of thousands of dollars in lost revenues.

The solution is to engage an agent who is a “Trusted Advisor,” not just a “Salesperson.” A Trusted Advisor will take his/her time and effort to do the following: 1) Perform Needs Analysis: listen and understand your property needs and concerns; 2) Prepare Property Analysis: thoroughly evaluate your property and market conditions; 3) Execute Sales and Marketing Plan: prepare and implement custom sales and marketing plan for your property; and 4) Obtain Optimal Results: be your trusted advocate throughout the process and achieve the best possible outcome.

Finding such a real estate professional may not be always easy, but it certainly is worth the effort and will pay off at the end.

In conclusion, this article has outlined six costly mistakes real estate Sellers make during recessions and how to avoid them. The first mistake is not understanding that real estate cycles are long and take years. The second mistake is a misconception that low interest rates alone will create a recovery. Another mistake is not realizing that circumstances may change and not planning in advance. Mistakes number four, five and six pertain to understanding the market value, proper pricing and selecting the right real estate professional.

By understanding and avoiding these mistakes, real estate Sellers have significantly better chances of minimizing the negative impact of a recession while selling their properties.

[ad_2]

Source by Robert W. Dudek

Continue Reading

News

Useful Tips To Build The Best Gaming Computer

Published

on

[ad_1]

Every gamer will want their computer to be the best gaming computer among their peers. Sometimes, with a little knowledge and tips and tricks, it is possible to build the best gaming computer and show it off to your peers. This article will show you how:

1) You can’t get the best gaming computer from computer retailers

If you want to get the best gaming computer, you have to build your own. Different gamers have different requirement for their gaming machine. Unless you are willing to pay a high price, you will not be able to buy a commercial computer that fulfills all your gaming needs. The only option you have is to build your own gaming computer.

2) You don’t have to be rich to build the best gaming computer

It is not necessary to burn a hole in your pocket to build the best gaming computer. With some due diligence, do some market research and compare prices around the marketplace. Merchant such as TigerDirect and NewEgg give regular discount to their products and you could save a lot of money if you catch them during their promotional period.

3) Most expensive parts do not have to be the best part

Sometime, the latest model or the most expensive model does not have to be the best part for your computer. It requires various components to work together to form the best computer system. When choosing a computer part, what matters is how well it can integrate with the rest of the components. Compatibility is more important than individual performance. What use is there if you spend lot of money on the latest quad-core processor and find that your motherboard doesn’t support it?

4) You don’t need to change the whole PC to own the best gaming computer

It is a misconception that you have to change the whole gaming machine to build the best gaming computer. If you already have a good barebone system, what you need to do is to upgrade the necessary parts and your gaming computer can roar back to life instantly.

5) Brand is important

Unless you want to see your computer system malfunction every few days, it is important that you purchase the parts from branded manufacturers with strict quality control. Motherboard brand such as Gigabyte, ABIT, ASUS are some quality brands that you can consider

If you follow diligently to the tips stated above. You will be on your way to build the best gaming computer. While price can be an issue, it is better not to scrimp on important computer parts such as motherboard, CPU, RAM and graphics card as it will cost you more to upgrade in the future.

[ad_2]

Source by Damien Oh

Continue Reading

Tags

Live Statistics

Trending