How to Start a Successful Import Business Over the Internet

The Internet has opened a new era of business
opportunities. Falling trade barriers combined with easy access
exchanging information thanks to the Internet have created dramatic
possibilities and sparked the growth of global online commerce in
practically in all areas.

Many companies are taking advantage of electronic media quite a bit.
aggressively making new contacts, tapping into new markets
and cost reduction with the help of online technologies.

Whether you are starting a new import business or planning
expand your existing business, you too can use the internet as
your main channel for information, product sourcing
or services, looking for suppliers and doing their marketing.

Before the internet age, finding a viable product to import
It was not an easy job! Fairs and trips abroad
were the two best options available to get to work
information about a product and its supplier. Today required
information on any imaginable product from virtually any market
it is available at your fingertips.

Find a product

If you know what you plan to import, substantial work
It is done! Otherwise, your first step is to choose a
product or service feasible to import. Whether i’m planning
to import a general merchandise or an industry-specific product,
do your homework well.

Browse through catalog repositories, B2B exchanges, electronic
trade boards, trade magazines and virtual trade shows to find a
product. If you know the country of manufacture from where
it is possible to obtain the product, refer to the specific country
portals and exchanges. Here is a list of high quality electronic devices.
trade boards:

For products made in China:

Sourcing India:

For Russian products:

Products from Europe:

From South Korea:

For other country- or industry-specific B2B exchanges
look at this list:

Your criteria for choosing a product to import should include:

Your prior knowledge of the product you intend to import and your
industry. Your chance of success increases considerably if
you know the product well.

Access to the required quantity of this product. If you spend time
and effort to develop a local market for a product and cannot
to deliver, you will lose business and reputation.

Product quality. This is a crucial aspect to develop
a market for any product. The quality of the product must be
consistent with market requirements.

High profit margin. As the import incurs many expenses that are
specific to this type of business only, before importing anything,
you must carefully calculate all the required expenses and see that
you still make big profits. You can check the sites of
your potential competitors and do a price comparison to get
Initial idea about your products current market price.

Find begging

Once you know it? What do you plan to import? your next step
is to find a reliable supplier for this product.

Electronic marketplace or B2B exchange

B2B exchanges can be of great help in getting suppliers of
products you plan to import.

The possible steps you need to take to find a provider for a
B2B exchange, listed below. As an example, is

– Register your company. This service is often free!

– Go to “Advanced Search”

– Write the name of your product in the corresponding box

– Select the required criteria and click ?? Look for ??

– You will find a list of companies.

– Take a look at each one of them until you find a suitable one.

Chamber of Commerce

Another option is to contact the Chambers of Commerce to find a provider.
A Chamber of Commerce is an association of companies that protects
and promotes the commercial interests of its members.

For a complete list of chambers of commerce in various countries
take a look at this page: [].

Best seller

If other methods did not give any fruitful results, you can
Consider posting classified ads on a variety of business forums.
There are many trade forums available on the Internet. Weather
post business leads be sure to specify your requirements
precisely. A well written advertisement will bring a much better result. Mail
your trade leads frequently until you find a good supplier for your

Once you’ve found a provider that meets your needs, check it out carefully.
Your supplier must meet the following criteria:

The supplying company must transport the product for a substantial period.
of time.

Must have export experience? preferably to your country.

You should have export references readily available.

It should be a reputable company in your country.

If the business meets the above criteria, get Dun and Bradstreet
company report to verify your financial background.

Sale of imported products

Before even thinking about importing a product or service, you should
you need to know exactly who your customers are and how you are doing
to sell their products to them. Although, there are numerous ways
to sell a product, selling over the Internet is earning
fast ground.

Sell ​​through your own website

Considering the growth of e-commerce, today, any consumer-oriented
The product is viable to sell over the Internet. Your success will be
they largely depend on your ability to market your website properly.
Your website should have the following qualities, among others:
attractive design, clearly described product specification
images, great content, fast connection, easy to use shopping cart
and a good merchant account.

Drop ship

As a drop shipping dealer, you keep inventory and your joint.
Venture partners make the sales. Once a product is sold, you get
your partner’s payment but send the product directly
to the end customer.

Sell ​​through distributors

Selling through experienced resellers in their field reduces
marketing and selling costs. If you sell products through a number
of distributors and each of these distributors uses diversified
marketing method, your sales potential is multiplied without
spend more on marketing.

Electronic market

An electronic marketplace is a business community, where you can wait
to see a large number of buyers and sellers. For a seller it is
a low-cost, highly functional and easy-to-use sales channel.
The benefits of selling products through the e-marketplace also include:

– Low cost of customer acquisition

– Improve customer service

– Efficient information exchange method

Reduce the cost of the supply chain

Entrepreneurs who want to get serious about importing should
Acquire a substantial knowledge of the process. A lot of
The information necessary to carry out an import and export business is
available on the internet. Anyone with enough enthusiasm to
learn you can easily find them and use them to build a profitable and
interesting business.

Ask Three Important Questions Before Choosing a Car Accident Attorney

In addition to carelessness, driving under the influence of alcohol or drugs, and the increasing tendency to text or talk via mobile phones while driving, the amount of traffic is also one of the main reasons behind the increasing number of traffic accidents that occur every year in the United States. . As reported by the National Highway Traffic Safety Administration (NHTSA), while in 2018, the number of car accidents was almost 12 million, the figure shows a sharp increase despite the fact that there are strict federal and state legal rules.

When it comes to car accidents, you may be injured by a motorcycle crash, a car accident, or even a serious catastrophe due to a truck accident on the roads. Fortunately, people who are in a car accident today are relatively aware of their right to appeal a personal injury claim. In the process, you should seek out a specialized legal personality such as a car accident attorney to assess the merit of the case, gather evidence, ask the at-fault party for a settlement, or start a court case to get your money back. suffering, pain and loss on the part of the offender.

However, when looking for a professional car accident attorney, the hunting process can seem quite challenging due to fungal growth. Since asking questions is a delicate way to reach the lawyer you want, consider asking the following 3 questions and looking for the right professional.

1. Have you handled a car accident case similar to mine before?

It doesn’t matter, whether you’re consulting with a car accident attorney, it’s worth wondering if he / she has handled a PI case before. One point worth noting is that while an injury caused by a motorcycle or automobile generally holds the owner or its driver liable by law, when it comes to a large truck accident, liability for the injury can involve a number of of parts from the driver to the owner. truck, the company manufactured it or your annual maintenance service provider.

Usually that makes the case extremely complex and multifaceted handling that seems like an uphill task for a general car accident attorney. Second, depending on the cause of the accident, be it DUI, common driver negligence, or due to the horrible condition of the road, the liability and sentence may differ, even involving local municipal authorities who are responsible for maintaining the roads. If this question makes the attorney seem shy to answer, treat it as a red flag and jump for someone else.

2. How long will it take to resolve my case?

Depending on the configuration of each case and the role of the defense attorney, some cases may last longer than others. The time frame to resolve the case depends on particular circumstances once it begins and begins to move. While stating time surely is a bit challenging, an experienced car accident attorney can give you a general idea of ​​how long the process can continue even in the first consulting session after hearing the details of the injury case. Lastly, it is not possible to provide a guarantee or the so-called ‘guaranteed’ result (often practiced by deceptive lawyers to entice you) within a schedule.

3. What is the probability that my case will advance to the courtroom?

In reality, all legal matters have now been quite complex. That is why; A skilled car accident attorney prefers to settle out of court and consequently do everything possible to sit down to negotiate with the at-fault party or with an insurance company that concludes faster, easier, and hassle-free.

However, things depend on the mindset of the opposing party in terms of accepting responsibly, as well as the amount of compensation ultimately negotiated between your attorney and a defense attorney or insurance adjuster. If the opponent is unprepared for his liability or wants to pay very poor settlement money, his attorney has no other option to sue. Finally, they make their choice before proceeding with the litigation.

Experienced attorneys from Akopyan Law Firm focusing on personal injury, employment law, wrongful termination, sexual harassment, auto and automobile accidents in Burbank, Glendale, Hollywood Hills, La Canada Flintridge, La Crescenta, Los Angeles, Northridge, Panorama City, San Fernando, Studio City, Sun Valley, Sunland, Sylmar, Tarzana, Toluca Lake, Tujunga, Valley Glen, Valley Village, and Van Nuys. To learn more, visit

How to value your products as e-commerce businesses

Pricing your products as an ecommerce store owner can be one of the hardest jobs you’ll ever do in that business. Although price is not always a deal breaker for consumers as they are often not just looking to buy the cheapest product, it is always an important part of the equation.

In essence, you need to find the right balance between making profit per unit and the optimal number of purchases. There are many strategies to price your products and help you do the above, but the best way is to mix at least 2 strategies.

Pricing can really make or break your ecommerce business, so it’s important to spend enough time here to get it right. Also, don’t forget that depending on your overall strategy, you can add other tactics to the mix to increase each customer’s earnings and lifetime value.

Before we dive into the strategies, let’s get our facts straight first. You need to know the following before developing a pricing strategy or formula:

1) The margins of your products.

This is relatively easy to do. Calculate the cost of each unit of a specific SKU (transit to your warehouse and any other fees included). Then try different prices and just follow this formula:

(Price – Cost) / Price

This simple formula will give you your margins for each product. Under no circumstances should you price that product that results in a negative number.

2) Advertising cost.

Are you going to advertise your products? Most likely it will and most likely online.

You need to add the cost of advertising to promote that specific product to your costs or just divide it across all of your SKUs.

For example, if you spend $ 3000 every month on Google AdWords to promote your products and your ecommerce store, you need to divide it among all of your products equally.

With those 2 basics out of the way, let’s move on to some simple pricing strategies for old and new ecommerce businesses. Remember that you can use any of them or ideally a combination of them. What works best for you will depend on your location and market, don’t blindly copy others.

Pricing Strategy 1: Cost-Based Pricing

This is one of the most popular and simplistic pricing strategies for both e-commerce stores and physical retail stores.

The way it works is to simply take the cost of a unit as identified in step 1 (transportation and other variable costs included) and then simply add your desired margin on top of that or a simple fixed amount of money that you consider optimal. The total amount will be the final price of the product.

The 2 challenges with this approach are that you must calculate the exact cost of each unit without forgetting any cost and that you must know that cost to always stay on top during promotions etc.

If an e-commerce company has really defined its business operations aspect, it can easily use this method with minimal effort.

The amount of overhead you will add is up to you, but generally employee salaries are left out of the equation.

The second tricky part is how much profit to add. One part can be made from experience and another part (or all) by tracking the prices of competitors who sell the same or similar products.

Too high or too low a price can cripple your sales. Doing a check on your competitors by hand first and then regularly with software can help you stay on top of them.

Pricing Strategy 2: Market-Oriented Pricing

Expanding on the last section of the above strategy, this strategy is also called a competition-based strategy and takes into account what your competitors are doing and what conditions the market is in.

This is a good strategy for commoditized products and if you can compete on price. This is usually combined with another pricing strategy such as price number 1, based on costs. In essence, it helps you identify when to lower your prices to get more sales, but without compromising your profitability in the first place.

Not only that, but when your products are too low, you can also increase that price, remain the cheapest supplier, and squeeze that additional profit.

Pricing Strategy 3: Consumer-Oriented Pricing

This is also called value-based pricing and is generally for non-commodity products. In these cases, the security is normally sold and the price has to be reasonable.

For example, a newer product that might not have direct competitors can follow that pricing strategy, while highlighting its benefits over older or competing products.


Focusing solely on revenue and number of sales can be disastrous if you don’t have a strong and profitable pricing strategy. By using pricing tools, you can always stay competitive, and coupled with the right pricing strategy, you can keep your sales and profits at the right level.

China’s coal pricing mechanism needs to be improved

The peak season for coal consumption in China usually begins before the Chinese New Year. Coupled with the unusual snowstorm in the southern provinces this year, coal prices in China soared furiously in a short period of time in early 2008.

In the Qinhuangdao transit hub, major coal prices hit a record high in January 2008, more than 20% from just a month ago, and these increases add to the continued upward trend in coal prices since 2004. The Coal is the most important source of energy in China, accounting for 70% of the national energy consumption. Why would the price of coal continue to rise in recent years?

“Tight balance” between supply and demand

The trend of the price of coal in China is closely related to its price formation mechanism. And the reform progress in China’s coal price mechanism in recent years has shown a clear trend towards commodification.

In the era of the planned economy, the government set coal prices uniformly. In 1993, China began to relax the selling prices of coal products other than thermal coal, which accounted for 50% of total coal consumption in China, so the price of thermal coal was still subject to a price mechanism. dual of “planned coal” and “market coal”. In late 2004, the government announced the “Electricity and Coal Price Linking Mechanism”, which allows periodic increases in the price of electricity once the price of thermal coal increases by 5% or more in the last 6 months. , and the price of thermal coal in turn can be determined by negotiation. between sellers and buyers of coal in the market. For various reasons, the price of thermal coal was not initially traded, but the price differences under the dual price mechanism began to converge. In 2007, the 50-year-old government system that used to organize annual coal ordering meetings between coal producers, transporters and users was finally phased out, and now suppliers and buyers are beginning to negotiate prices independently based on market circumstances. , under the framework of government macro control. .

In this context, the relationship between supply and demand has now become the main factor in determining coal prices. From a consumption mix perspective, the electricity, metallurgical, chemical and building materials industries, which collectively account for 70% of total coal consumption, are the main coal users in China. In the first three quarters of 2007, the output of China’s coal, coke, crude steel and cement power industries had grown by 16.7%, 19.4%, 17.6% and 15% respectively during the period. comparable previous, far outpacing crude coal production growth of 11% in the same period. On the one hand, the demand for coal had increased significantly. On the other hand, the government was ordering the closure of small and medium-sized coal mines and limiting the expansion of coal mine capacity, thus reducing the growth of coal supply. And rail transportation in China has long been a bottleneck for coal. As a result of all these factors, the supply and demand for coal in China has been in a “tight balance” situation for years.

Coal prices in China started to decline in 1997 and bottomed out in 2001. The problem of coal shortages began to surface in 2004. Although coal producers had been expanding their production in subsequent years, with an increase of 8 , 2% in production only in 2007, however, the supply shortage failed to alleviate. Therefore, coal producers in China have made extraordinary profits in recent years, thanks to the constant increase in coal prices.

Experts predicted that national crude coal production in 2008 would be similar to the 2007 level, with about 2.73 billion tonnes of production, against an expected demand of 2.728 billion tonnes. Although there may be tightness in certain regions and coal products, China’s coal market as a whole is expected to reach equilibrium this year, with coal prices remaining high.

“Total cost” reflecting scarcity of resources

Coal prices in China not only reflect the interaction between supply and demand, but are also beginning to reflect associated resource scarcity and environmental costs. Therefore, the crystallization of regulatory costs is another important reason for the steady increase in coal prices in China.

Previously, most coal mining rights in China could be acquired with little compensation, and safety, environmental and rehabilitation costs had not been included in the normal cost of coal. This not only did not reflect the true value of the resources, but also led to uncompensated resource consumption and unrecovered environmental damage. For many state-owned coal companies, they also faced legacy problems, such as rebuilding depleted coal mines and staff reemployment difficulties.

To solve these problems, China began to implement the mineral resource compensated use system in September 2006, and the coal industry took the reform test. The State Council initiated a pilot system of compensated use of coal resources in eight of the main coal-producing provinces, and miners had to pay for exploration and extraction rights. China’s regulators are also contemplating further reforms to resource taxes and resource offset charges.

In addition, Shanxi province, one of the main sources of coal in China, plans to implement a trial scheme for sustainable development of coal companies this year. One of the important features is to raise and establish three funds, namely the Coal Sustainable Development Funds, the Mine Environmental Recovery Fund and the Coal Mine Redevelopment Fund. And these three funds, along with mining rights, will be included in total coal production costs from now on. Therefore, in addition to production costs, charcoal producers must now factor in environmental, resource, ecological and redevelopment costs, hence the “total costs” of charcoal production.

Rising costs will undoubtedly put pressure on coal companies. In the first three quarters of 2007, Chinese-listed coal companies posted an average gross margin of 30.31%, 4.82% less than in the same period last year, mainly because of rising regulatory costs it had outpaced the growth of coal prices in that period.

Non-coal costs

The increase in production costs is not the only reason for the increase in coal prices. China has a complex coal distribution chain, which has recently become even more expensive, so these non-coal costs are also responsible for rising coal prices in China. It is understood that the prices of ocean freight contracts for coal have increased from 40 to 50 yuan per ton before 2007 to the current price of 100 yuan per ton.

The “coal energy tension” between coal producers, power generation plants and power distribution grids, acting in their own interest within the value chain, has long drawn public attention. . Although coal prices continued to rise in January this year, the government did not increase electricity prices accordingly under the “Coal-Electricity Price Linkage Mechanism”, due to macro control considerations (on inflation) . In this circumstance, the price of thermal coal became a hot spot between coal producers and energy producers.

Experts suggested that the improvement in China’s coal pricing mechanism should progress alongside reforms in related industries such as power generation, railways and ports. In addition, China is now facing upward pressure on overall prices, so stabilizing prices and avoiding serious inflation will be the main objective of macroeconomic control. An effective coal pricing mechanism must not only respect the principle of the market economy, but also take into account the issue of macroeconomic control of the government and the affordability of downstream industries.

How to choose a printer that does the job for you

These days, the printer has evolved in a very remarkable way. Printers started with the dot matrix type that was very difficult to use. Dot matrix printers are those that print with a lot of volume and it is difficult to feed the paper in them.

Now laser printers and inkjet printers have replaced dot matrix printers. How do you choose the perfect printer for the job? Below are five of the most important qualities to look for when choosing a printer.

The most important factor to consider is resolution. Resolution is the number of dots a printer prints in one square inch. Your old dot matrix printer could not print in high resolution. Inkjet printers are perfect for this. A good quality printer with high resolution can produce 1440 by 720 dpi.

The operating cost of the printer must also be considered. The speed of the printer is very important, especially if you use it in the office. Laser printers are perfect in this regard, 80 to 100 page documents can be printed in no time. Laser printers are also very cost effective to operate as their cartridges are not replaced very often.

Printers that are photo lab quality are essential if you are looking for a printer that can print high resolution images on photo paper. Those who often use printers to print images should get dye-sublimation type printers. With this type of printer, the dots are smoother, which makes images appear sharper.

The volume of prints per minute is critical if you are printing a large number of documents in black and white. There are printers with a lower resolution of about 400 by 400 dpi that can print about 70 black and white pages in one minute.

The size of the print should also be considered. Certain printers can print documents of all sizes, large or small. The typical paper size is 8.5 by 11, but for these types of printers, you can print in envelope size on tabloid-size documents.

In order to select the perfect printer for your needs, you must first determine where the printer will be used. If you are interested in printing photos, then a photo printer is necessary, but if you are more interested in printing documents, then it is appropriate to use heavy duty printers with fast printing. High resolution is important, however it must match the speed, quality and price of the print.

Considering the above specifications, you will be able to buy the right printer that meets your requirements.

The history of typing

Originally, of course, all the writing was done by hand.

The first person to patent a typewriter was Henry Mill. His idea was entered into the records of the British Patent Office in 1714. Unfortunately, Henry Mill never made his typewriter due to impatience with manufacturing.

After this, more types of typewriters were invented, but they were huge and heavy, some seemed the size of a piano, and actually took longer to use than handwriting, which obviously defeated the object!

The first person to make the first practical typewriter was Christopher Scholes, who patented his second model in 1868 (this machine eventually surpassed the speed of handwriting), along with the help of SW Soule and G. Glidden.

Scholes sold the rights to the typewriter to Densmore, and Densmore improved the typewriter and its ease of use by using Philo Remington to market the typewriter. However, it was not an instant success. The first Scholes and Glidden typewriter went on sale in 1873. It wasn’t until a few years later that Remington engineers worked on and improved the device that it became a success and sales skyrocketed. The first typewriter sold for $ 125. About 5,000 were sold in the next four years and about 6 different models evolved in that time due to improvements. On some machines, the return (carriage return) can be used with a foot pedal.

Then the keyboard was designed so that the most commonly used letters were next to each other and therefore the keys were found to get stuck easily. James Densmore, a business partner, suggested separating the most commonly used keys from each other to slow down typing, and that’s how we got today’s keyboard layout, the QWERTY (the first six letters on the keyboard).

Typewriters became common in offices in the late 1880s. Initially, the typewriter could only produce uppercase letters, but later it was modified with uppercase and lowercase letters. A typewriter has (and still has on modern typewriters) a carriage that contains a large roller that is used to return (hence the name carriage return) and a small roller to hold the paper in place.

If you made a mistake, it was necessary to erase a lot (including carbon copies) or start over.

Tippex wasn’t invented until the 1950s and even then it was a kind of powdered paper substance (not like the fluid we have now). But before using it, I still had to remove the error on all carbon copies first. And then it still made a bit of a mess, so accuracy was paramount.

A Remington was still in use in the 1970s and most students had to complete an RSA Certificate of Typing Proficiency. This took a lot of time and care and if a mistake was made, Tippex was used to correct the mistakes. In the 1980s, computers became more and more advanced and of course we have the modern computer today (thank goodness for that)!

How to lose 10 pounds in a week: 8 proven tips that helped me lose 10 pounds in a week

I desperately needed to lose weight for my wedding. I have lost 13 pounds in the first week and 10 pounds in the second. This is a pretty short time to lose weight, and not a very healthy one, I know. However, this rapid weight loss success was a kickoff for my weight loss journey and motivated me to continue losing weight, following healthy, natural methods later on. I am going to share every step I took in the second week that helped me lose 10 pounds in 7 days.

Keep in mind that extremely rapid weight loss is never healthy.

Here are the steps I took after the first 7 days to lose 10 pounds in a week:

1) First, I had a detox day, to cleanse my body and lose weight even faster. I made a drink of lemon juice, ginger, and honey mixed with water, and drank this detox drink throughout the day. Whenever I was hungry, I drank it. I felt good, as I normally do, no cramps, no lack of energy, nothing. This was not difficult at all and I am sure it boosted my weight loss results. I know some people do the whole week detox, but this is not for me.

2) I limited the amount of food, because I really needed to lose weight so fast. I ate a lot of vegetables, lean meat, fish, eggs, and some fruits (mainly apples and oranges). My new rule for eating was as follows: half the plate should be vegetables (I just tried to avoid too many potatoes), ¼ of the plate: white meat or fish, and the rest can be fruit (not bananas because they are too sweet and starchy ). I know that eating less is not always an option for lasting weight loss. But surely it is an option to lose weight quickly, and that was my goal. An easier way to reduce the amount of food is to get a smaller plate. However, I admit it, eating less was quite difficult. But I reached my goal and I am very happy now.

3) I added 2 apples and a can of black beans to my daily diet. I took the beans as my main meal, or I split them into 2 smaller meals and ate them with veggies on the side. This is a trick that no diet counts. And it works wonders, because 35 grams of fiber in a daily diet really supercharges weight loss. These fibers cleanse the digestive tract and improve digestion.

4) I started having breakfast and stopped eating at night. 7pm was the last hour of the day I had dinner. Breakfast boosted my metabolism and helped me burn calories faster, although I never believed it could be that important for weight loss. It also kept me energized. I drank at least 10 glasses of water during the day, and I still do – water cleanses the body, increases metabolic rate, and keeps you from feeling hungry.

5) I distributed my usual caloric intake throughout the day. I started eating 5 times a day, with smaller meals. This way I never had to go hungry.

6) I limited fatty, sweet, and not-so-healthy foods, and whenever I felt like I needed to eat something unhealthy, I would carry those meals into the early part of the day. Because the metabolism is higher in the morning compared to the evening, and this allows me to eat a donut or ice cream once every few days.

7) Instead of drinking juice, I always ate fresh fruit. The juice is too sweet to lose weight, if you are thirsty, have some water or unsweetened green tea.

8) I stayed motivated and busy all the time. I know that when you are busy you don’t have time to go to the kitchen. This works wonders.

This plan may seem too simple to lose 10 pounds in a week, but follow this plan religiously and you will see real results.

The role of the board in fundraising

“Should my board help me raise funds?” The obvious answer is yes of course they should! Now comes the hard part. Getting the board to raise money is much more difficult than simply saying they should. Many nonprofits, of all sizes and mission types, overlook the basic steps necessary to involve the board in effective fundraising. The following nine tips will put your board on the right track. And there is a bonus attached. Once the board masters these eight steps, they will be engaged, engaged, and truly making a difference.

Tip No. # 1: Make sure the agency fundraising is worth it. The board’s primary responsibility is to govern the agency and make sure it delivers on its promise. That means the board sets the direction, defines the vision, mission, goals and objectives, and holds the CEO or CEO accountable for achieving the results. It is not, emphatically, the board’s job to volunteer, stuff envelopes, provide free legal or accounting services, although they can do those things if the board as a whole decides they must. That it is The board’s job is to represent the constituents your agency serves and to demand excellence in agency performance. Once the board has clearly defined its leadership role, then and only then is it ready to start raising money.

Tip No. # 2: Engage their hearts and their wallets. If you are on a nonprofit board, then it makes sense for you to believe in that organization. Therefore, the agency should be one of the main recipients of your personal donations. The board’s second step toward fundraising is to institute a “give or take” policy, whereby board members write a check or seek out others to write checks on their behalf. If the board member cannot afford to give the required amount, then he can raise money from others. Board members who are unwilling to invest in the financial future of the agency may not be the best candidates for board service. Give or take policies need not be overloaded; giving can start as low as you like.

Tip No. 3: Write a strong case statement to give. It’s not fair to sit back and assume that board members know how, or why, to raise money for your agency; Give them the right support. Provide an effective case statement, a document that ‘defines the case’ to support the agency. The case statement begins with the agency mission statement and then goes beyond. It should cover both “financial” and “emotional” appeal. The emotional appeal tells potential donors about the good works the charity is doing and engages their hearts. Economic appeal tells donors why charity work contributes to the economy, why it is “worthy of a donation” and compromises their wallets. Your case statement may include a description of funding levels or even specific purposes for which you need funding. Make sure each board member has copies of this document and be sure to review and revise it every year.

Tip # 4: Profile the types of donors you would like to attract. Please describe your ideal donor, including details on the demographics of the donors most likely to donate such as age, zip code, wealth level, past donation history, etc. Then include the interests, passions, or convictions of your ideal donor. Document this profile as a reference point or guide for qualifying new donors. Once you have developed the ideal donor / donor profile, use it as a reason to Exclude unqualified opportunities as well as include appropriate ones. This reduces the likelihood of board members wasting time on unqualified prospects.

Tip No. # 5: Board members know the people. Develop an initial list of potential donors by asking board members to identify people they can contact on behalf of your agency. Getting a name out of the newspaper is not the best place to start; the board member should use his personal influence to start the process. Provide board members with your ideal donor profile in advance and ask “who do you know that looks like this profile?” Board members can and should use their contacts and influence to schedule time for meetings and discussions with these people. This exercise may put some of your board members to the test. If no one on your board has influence or contacts in the community, it may be helpful to find new board members who do.

Tip # 6: Staff collect grants; the board encourages philanthropy. Nonprofits raise money from four types of income: grants, fees for service (earned income), philanthropy, and corporate partnerships. Staff are better trained to pursue earned income and grant opportunities; let them do it. The board, on the other hand, is best suited for raising money from individual philanthropy (individual donations of any size) and from corporations. First, have staff calculate how much you need to earn from each funding category, then describe and prioritize your specific funding needs. (By the way, “we just need more money” is not a necessity, it is a complaint). Once staff have defined their funding needs, prioritized them, and determined which needs are best met by philanthropic or corporate donations, the board can begin planning their calling and visiting hours. Make sure there is an ideal donor profile useful for wealthy individuals and a specific one for corporate partnerships or sponsorships.

Tip No. # 7: encourage them to tap into their connections. The board members know a lot of people. Make sure they feel comfortable reaching out to their contacts on their behalf. Remind them that they may meet wealthy people, people who like to volunteer, corporate executives looking for charities to align with, or people who want to be on boards. Make your board members comfortable with reaching out to your contacts and connections. This can be especially helpful if your board member is acquired from the founder or director of a family foundation.

Tip No. 8: Help them ask for money. Some board members may feel uncomfortable asking for donations. Help them out by providing your Case Statement, Ideal Donor Profile, and a list of funding needs. Arrange for some training. Schedule participation in a class, bring in an outside expert, or take time (inside or outside of board meetings) for board members and staff to practice, rehearse, and coach one another until ‘asking the question. ‘feel natural. Revenue development is a career skill and it is not fair to assume that all board members have the same skills or talents for the job.

Tip No. # 9: Track performance. Set specific performance goals for fundraising, using so-called “leading” metrics – metrics that take place before the money comes in the door. Consider indicators such as the growth in the size of the prospect database and the growth in the number of proposals being discussed with wealthy individuals and corporate sponsor prospects. The Executive Director should collect such data on a regular basis and report on it at each board meeting. Constant attention to the realities of the fundraising process will institute an important discipline for everyone.

Fundraising is a critical and strategic function that needs and deserves strong leadership. It’s not “someone else’s” job, it’s everyone’s job. And it’s not enough to simply assume that board members will get the job done without being asked, without tools, and without training. We encourage board members to take this message seriously and use these simple tips to create effective fundraising disciplines.

Income Investing Fantasyland: High-dividend ETFs and Equity Mutual Funds

Several years ago, while answering questions at an AAII (American Association of Individual Investors) meeting in Northeast New Jersey, a comparison was made between a professional-led “Market Cycle Investment Management” (MCIM) portfolio. and any of the various “High Dividend Select” ETF stocks.

  • My answer was: Which is better for preparation for retirement, 8% of pocket income or 3%? Today’s answer would be 7.85% or 1.85%… and of course there is no molecule of similarity between MCIM portfolios and ETFs or mutual funds.

I just took a “Google” (closer than I normally would) on four of the “best” high dividend ETFs and a group, similarly described, of high dividend mutual funds. ETFs are “marked with” an index such as the “Dividend Achievers Select Index” and are comprised mostly of large-cap US companies with a history of regular dividend increases.

Mutual fund managers are tasked with maintaining a high dividend investment vehicle and are expected to operate as market conditions require; The ETF owns all the securities of its underlying index, all the time, regardless of market conditions.

According to their own published numbers:

  • The four “best of 2018” high dividend ETFs have an average dividend yield (that is, on your checkbook to spend money) of … pause to catch your breath, 1.75%. See: DGRW, DGRO, RDVY and VIG.

  • Equally unspectacular income, the “best” Mutual Funds, even after slightly higher management fees, yield a whopping 2.0%. Take a look at these: LBSAX, FDGFX, VHDYX, and FSDIX.

Now really, how could anyone expect to live at this level of income production with a portfolio of less than five million dollars? It simply cannot be done without selling securities, and unless ETFs and funds increase in market value every month, investing in equity has to happen on a regular basis. What if there is a prolonged bearish market turn?

The funds described may be better in a “total return” sense, but not in the income they produce, and I have yet to determine how the total return or market value can be used to pay your bills. .without selling the securities.

As much as I love high-quality, dividend-producing stocks (investment-grade value stocks are all dividend payers), they’re just not the answer for retirement income “readiness”. There is a better, income-focused alternative to these stock-income producing “dogs”; and with a significantly lower financial risk.

  • Note that “financial” risk (the possibility that the issuing company will default on its payments) is very different from “market” risk (the possibility that the market value will move below the purchase price). .

For an apples-to-apples comparison, I selected four equity-focused fixed-capital funds from a much larger universe that I have been watching quite closely since the 1980s. They (BME, US, RVT, and CSQ ) have an average yield of 7.85% and a payment history dating back an average of 23 years. There are dozens of others that produce more income than any of the ETFs or mutual funds mentioned in Google’s “best-in-class” results.

Although I am a firm believer in investing only in dividend-paying stocks, high-dividend stocks are still “growth purpose” investments and simply cannot be expected to generate the kind of income that can be relied upon from their cousins ​​with “income purpose”. . But share-based CEFs come very close.

  • When you combine these capital income monsters with CEF for similarly managed income purposes, you have a portfolio that can get you into “retirement income readiness” … and this is about two-thirds the content of a portfolio of Managed MCIM.

When it comes to income production, bonds, preferred stocks, notes, loans, mortgages, real estate income, etc. they are naturally safer and higher yielding than stocks … as the investment gods, if not the “Wizards of Wall Street” would have it. They have been telling you for almost ten years that returns of around two to three percent are the best they have to offer.

They are lying through their teeth.

Here’s an example, as reported in a recent Forbes Magazine Michael Foster article titled “14 Funds That Crush Vanguard and Yield Up to 11.9%”

The article compares both performance and total return, noting quite clearly that total return is meaningless when your competition generates 5 or 6 times more annual revenue. Foster compares seven Vanguard mutual funds to 14 closed funds … and the underdog win in every category: Total Stock Market, Small Cap, Mid Cap, Large Cap, Dividend Appreciation, US Growth, and Value of USA His conclusion:

  • “When it comes to one-year performance and profitability, none of the Vanguard funds win. Despite its popularity, despite the craziness of passive indexing, and despite the good story many want to believe to be true, Vanguard is a laggard. “

Hello! It’s time to kick-start your retirement preparation income program and stop worrying about total returns and changes in market value. It’s time to put your portfolio in a position where you can make this statement, unequivocally, without hesitation, and with full confidence:

“Stock market volatility and rising interest rates are not likely to negatively impact my retirement income – in fact, I am perfectly positioned to take advantage of all market and interest rate movements. of any magnitude, at any time … without ever invading the principal except in unforeseen emergencies. “

Still not there? Try this.

* Note: no mention of any security in this article should be considered a recommendation of any kind, for any specific action: buy, sell or hold.

Is a white ink tattoo better than a black one?

Many people get body parts tattooed for art, although most would do so to remind them of a life experience or a promise they have made. One of the best things about this is that you can show this to the world. The bad thing is that, as one gets older, the skin begins to loosen and the tattoo looks different from before.

Some cultures also prohibit getting a tattoo, and in some societies, having a tattoo can mean that you’ve done something wrong or joined the wrong people. With that said, these are just a few of the stigmas tattoos are associated with. What if you can get a tattoo but you can hide it? This is where the white ink tattoo comes in.

Feather tattoos

Contrary to the old school of stenciling and outlining tattoos with black ink, making tattoos with white ink takes a different approach, as it uses high-quality white ink instead of black ink. Doing a white ink tattoo is the same as black with the option to omit the stencil part as the color can bleed into the white ink and cause discoloration. This is best suited for people looking for a more subtle way to express their art or those with pale skin as they can be easily hidden compared to those using black ink. However, a downside is that it is prone to fading and discoloration when excessively exposed to the sun’s rays. It can also be mistaken for a scar or a mark and as such it is important that one choose the best design or speak to their artist before having the procedure done.

Choosing your tattoo artist

If you go for a white tattoo, it is important to find a professional tattoo artist to work on your design. One reason is that the process would result in open wounds and if the artist is not a professional, there is a tendency for the skin that stains the design for life to absorb some colors. Remember that white is not an opaque pigment, and as such, stronger color pigments can cause staining. Inks may also turn green or yellow when the design is exposed or if the artist is not careful when performing the procedure.

Should you get one?

If you are interested in getting a tattoo, it is important to consider whether you want it exposed or subtle. A black one has darker pigments and is stronger, which makes the design more striking; however, it can be a problem, especially if it is not allowed in your workplace. A white one is subtle and can be perfect, but choosing the right design is important, as not doing so would make the design look like a scar or health issue and could look unsightly.