How to Start a Jewelry Business Online in UK?

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December 3, 2020

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Launch Your Jewelry Business Online

Jewelry is the one, which all individuals in the world love. Starting such kind of a jewelry business online is always the best choice to connect with joyful and grateful clients. First thinking of yourself as a jewelry designer would make us happier and we will be able to bring out more innovation in the designing process. The next thing that comes to mind is you are a great entrepreneur. An important thing to be remembered, there are many Women Business Entrepreneurs in UK doing the Successful Jewelry Business Online.

In general, starting a business nowadays has become easier with the advancement in technology and various other aspects. Here in this article, we discuss the elementary steps involved in Starting a Jewelry Business.

start a jewelry business in uk — Start a Jewelry Business UK

Specifically, when we think of how to start a jewelry business many individuals might be very scared and have more confusion. However, after reading this article one may feel more confident and think that it is not that scary to start a jewelry business in UK at all. All that matters here is the effort and time one spends in starting the business and along with it; he/she must possess strong perseverance and be aware of few techniques involved in the jewelry marketing process.

So without further delay let us move directly into the simple steps involved to set up a Jewelry business,

10 Elementary Steps to Start a Jewelry Business

1. Define Goal & Plan of Jewelry Business

Whatever business you start, it is more important to define your goals mission, and vision of your business that makes the customers know who you are actually. Moreover, the next process involved before starting a business is proper Business planning is required and think about all pros and cons prior and be prepared for it so that you can overcome the tough situation very easily.

First, be clear about what your jewelry business deals with, to know exactly what happens, initially prepare a business plan which clearly depicts organizing ideas or thoughts, plan about finances and resources well in advance that helps to define a transparent business marketing strategy which in turn reflects in your Goals and Mission of Jewelry Business Online.

Factors listed in your Jewelry Business Plan,

What type of jewelry collections you are going to sell?
Whether the jewels you sale is handmade (designed by yourself) or obtained from other manufacturers?
Start the business from home or need rented space as an office for your business?
Think in advance of the future also. i.e whether you need to hire external resources for the sales process and check the viability of the finance for the same
Finding your target customers
Make complete research on your competitor and thorough market analysis is required
Choose the platform to sell your jewelry products

Now, you are ready with the checklist to start your business with appropriate answers well in advance and be prepared to handle all situations. You should have better management skills. Although you are prepared with all these there might occur some different situations while implementing in real-time, which left during the planning process. So always, keep updated with your business i.e. an eye on your competitors, target customers’ behavior and financial aspects, and change accordingly as and when required.

2. Register your Jewelry Business Legally

The next step is to start running your business and for that, you must be aware of all the legal bases that help you to run your business smoothly without any legal issues. You should aware of the process involved in starting an online business in UK. Check about the licensing and permit requirement process involved for your business. In order to register your business officially, think of some innovative names for your jewelry business that reflects the style and creativity of your business. In addition, it also draws the attention of your target customers.

Always the safest side to choose in the registration process is to register your business as an LLC, which, done within a few minutes. Along with the registration process, you can also prefer business insurance for more protection.

After all the registration and insurance process, finally, you may want to register a trademark for your jewelry business name, logo, etc. easily in few simple steps.

3. Create a Brand and Logo for your Business

The logo you design must represent the company and must be unique from your competitors. Moreover, it also helps to build the brand of your business.

2 important steps to be implemented while designing a logo for your jewelry business, they are as follows,

Think well and focus on your target customers so that the logo you design appeals to the customers and represents your jewelry company identity.
Before designing a logo, you should have a clear understanding of branding your business and the logo must represent it.

4. Market Analysis and Find Target customers

Complete market analysis is the crucial step involved in any business and it is most important for a jewelry business, which brings out success easily. With the help of complete analysis, you will able to understand your competitors well.

During Market Analysis,

You will be able to explore the marketplace
Find out your target customers
Identify what customer actually needs and render your service accordingly
In addition, if any factor missing try to fill in the gap, be updated.

All these will certainly bring you success in your business.

5. Approach for Funding Agencies (Crowdfunding)

As a beginner who is thinking to start a jewelry business UK, you can always approach for few funding agencies or approach for bank loans, get help from your family members, use your personal savings as an investment this help to support your business financially and help you to reach your goals as planned.

Even a few local economic development organizations are ready to provide advice to startup businesspersons who really wants to start their business. In addition, you can approach for crowdfunding those who believe in your business and ready to donate a certain amount for your business.

6. Innovate & Create new Jewelry Designs

While designing your jewelry, you should keep an eye on all minute works and design it in such a way that it is unique and different from your competitors’ design. The design you make must visually appeal to the customer and must concentrate on the packaging process. So that the customer always prefers your jewelry to the competitor’s design.

You should be more innovative and creative in designing. Always come up with unique ideas for the same model of jewelry and design it with almost joy wholeheartedly. Spending more hours in the work will definitely lead to success.

7. Effectively use Social Media

Social media considered a powerful marketing platform that one can choose wisely to take your small business to thousands of customers all over the world more effectively within a short span of time. The only basic criteria to win using social media is to post regular content related to your jewelry designs and always keep customers updated on your designs which will lead to great success in your business.

You can also check our guide on Social Media Content Marketing Strategy for business, which helps you to frame the plan and to get successful results on your business.

Create your social media (Facebook, YouTube, Twitter, Instagram, etc…)Accounts and display a wide range of jewelry items as much as possible.

Choose the eCommerce site to exhibit your jewelry
Post blogs on social media channels
Regular post of jewelry images is necessary.

8. Start Marketing your Products Online

Now you are almost ready and start marketing your jewelry design online with very good catalog designs and images so the customers immediately purchase it. Create a website of your own with great themes (WordPress) and start implementing all marketing techniques like blogging, posting updated design images on your site, and much more.

9. Jewelry Photography

Photos of your jewelry are yet another crucial factor to be considered which helps to grab the customer’s attention immediately and make your designs eye-catching. This is more important because these jewelry photos will appear everywhere in your brochures, websites, and in all marketing materials.

So always, prefer professional photographers and do not hesitate to invest in jewellery retouching services. Investing help you in having great photos of your design collections and makes the first impression the best one. Such photos act as an entry point of your business don’t forget it.

10. Fix Reasonable Prices for Jewelry

Always fix the price as per the design you had made based on the time, the effort you took, and the materials you used to design the jewelry. Be very much concerned to fix the right price tag for your jewel. In addition, you should not fix very low prices, which leads to financial loss, and as well as do not compare yourself with the global market as a beginner.

Think of your customer, think well whether the price you fix is more reasonable and affordable by your customers, and satisfy their needs. Create the best catalog design and put the price tag with respect to the item.

Conclusion

The above-mentioned are the 10 most important Simple and Elegant steps to follow when starting a jewelry business in UK and succeed in your business largely. Hope this article has covered all minute terms that are clearly understandable by the readers, which makes them start the jewelry business easily.

Kaspr’s importance in lead generation

By

Sarah Cantley

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December 3, 2020

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Sales representatives are the first in line of the entire sales process. They are responsible for prospecting, right up to the management of the customer portfolio. Kaspr makes it easy for them to process customer information in the lead generation process.

Lead generation is essential for any sales action

A sales representative spends about a quarter of his or her working time prospecting for the business. The tools available on the market have been specifically designed to make the operation less complicated.

They allow you to collect prospects and customers’ contact information quickly. The main objective is to start a distance selling campaign. This aims at transforming people interested in a service or a product into loyal customers. This way, the sales representative saves a considerable amount of time and can thus devote more time to the actual sale.

This process can be applied in a B to B campaign, an option that improves the efficiency and productivity of sales teams. It is true that there are a large number of devices for generating contacts and their functionalities are not always identical.

Prospecting via email and phone number

These are the two basic options in terms of customer acquisition with conversion rates that may vary depending on the business sector.

What is cold emailing?

In this case, contact is made via email. The objective is to send a proposal that could arouse the interest of the prospect who visited your website. This is indeed an inbound strategy, but the contact search approach is similar to the principles of outbound marketing.

This option is interesting as long as you have an effective lead generation strategy.

Cold Calling and its speed of action

The main advantage of this method is that it can lead to an immediate response from the prospect. In any case, in order to put all the chances on your side, the implementation of a well thought-out approach is required. Success is based on key sales arguments and proper timing.

In the past, the two previous techniques were used independently. However, a combination of the two techniques has led to better results. Indeed, data collection is the first step in client acquisition.

The innovation of automated prospecting

Based on the use of artificial intelligence to determine the habits of Internet users, this technique allows sales representatives to save a considerable amount of time. Digital has overtaken consumers’ reflexes in terms of product and service research. Social networks are the main actors of this upheaval.

From now on, the sale is carried out over several stages, focusing on an automatic and personalized process. This technique facilitates lead generation, with clear improvement in the messages sent, which are personalized.

With this in mind, it is preferable for the sales teams to carry out the automated emailing campaign first and then move on to the calls. Thanks to the prospecting tools available on the market, you won’t have to spend hours looking for your contacts’ contact information.

Kaspr’s Assets

This prospecting tool retrieves contact information in just a few seconds. For example, you just have to go to the LinkedIn profile of a contact to access his contact information.

In practice, when you search on this social network and ask for the contact information, you will not be provided with confidential information in the databases. Kaspr analyzes the entire web in real time to provide you with relevant results.

In addition, the tool is aimed at both sales representatives and recruiters, whether inbound or outbound marketing, but also inbound or outbound recruiting. It must be said that recruitment is another priority for companies. The search for talent requires the implementation of a recruitment strategy linked to the company’s strategy.

The working principle of this tool

The first step is to download the Kaspr plugin and install the extension on Google Chrome. Then you can browse freely on LinkedIn and go to your contact’s profile. From there, you can obtain his contact information by clicking on the Kaspr widget.

In order to be as precise as possible, the sales representatives integrate different criteria, such as the position or the professional category and the skills required. Of course, the searches concern both individuals and companies.

The reliability percentage will be displayed for each email address and phone number. Reliability is around 95% for emails and 40% for phone numbers. These contact details are to be recorded in the Kaspr dashboard.

It is also possible to automate this search by using LinkedIn filters for example. The coordinates are centralized by the tool on your CRM. This solution allows you to easily enrich your prospect list. The data collected are all legally exploitable, as they are governed by the General Data Protection Regulation (or GDPR). In addition, sales actions can be implemented immediately.

Finally, Kaspr plans to expand the automation of sending messages and invitations on LinkedIn.

What Industries & Businesses Would Microsoft Business Central Suit?

By

Sarah Cantley

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November 24, 2020

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Why Business Central Is The Best ERP Solution

Microsoft Dynamics 365 Business Central is an incredibly flexible Enterprise Resource Planning (ERP) solution.

Being so versatile means it can be scaled to work for almost any industry, from retail to food, finance to manufacturing – it can be adapted for virtually any business in any industry. With a selection of industry specific add-ons available too, Business Central has become the go-to niche solution.

Why Business Central Is The Best ERP Solution

It’s fair to say that Microsoft Business Central is the growing number one choice for a large number of businesses, for the simple fact it offers so many strengths, from security to accessibility and functionality. With that in mind, here are a few of Business Central’s strengths that see it being the ERP solution of choice time again.

Customisation

Customisability is one of Business Central’s greatest strengths. Business Central is known for offering numerous day-to-day functional tools however this ERP solution also understands each company’s needs are different.

For this reason it offers the ability to customise features where and when needed. With built in intelligent business apps, companies can enjoy add-ons to meet their unique needs. Microsoft Dynamics 365 Business Central really sets itself apart from other Business Management Solutions by making the add-ons almost seamless.

Flexibility

One way to ensure business management software caters to everyone’s individual needs is to provide flexibility and the industry specific tools available through Business Central offer just that. With these industry specific tools, users can adapt their own systems in order to fit it to their specific needs, allowing them to enjoy data that’s more representative of their business.

Business Central also offers more flexibility in terms of their cloud technology, making data more accessible and putting users in control of how they store/access their data. While Business Central is aimed at Small to Medium Enterprises (SMEs), one of its biggest benefits lay in its scalability, making it suitable for a variety of companies regardless of size.

Compliance

Last but most certainly not least we have compliance. Business spans the entire globe and more so than ever, people are carrying out business outside of their state/country. Knowing different laws and having software that can adapt to this is paramount.

Business Central happily facilitates this process by allowing users to adjust their settings in order to collect and store data in ways that comply with local legislation. It also allows for reporting in multiple languages and currencies when carrying out business in different geographical locations.

Contact D365 Experts Today

If you’d like more information on Microsoft Business Central and how this ERP solution can work for your business, within your specific industry, we suggest contacting the D365 Experts today. From financial management to relational management, supply chain management and more; this software was made for you and D365 want to show you how.

Electricians and their Fleet: New Survey and Findings

By

Sarah Cantley

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November 23, 2020

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A new Vimcar study shows that a whopping one-third of all electrician employers have had a van robbed, in line with recent data suggesting that more than 1 in 3 UK businesses are hit by van theft annually.

The answer? According to Vimcar’s study, 63% of employers in the electrical service industry would buy, or have already bought, a telematics system to track the live location of their fleet vehicles and notify them of any suspicious activity.

Another 62% would also like a system in place to keep a handle on vehicle misuse: 75% restrict how their fleet should be used (some only allow their vehicles to be used for business miles, for example) and many in the electrical service industry find their employees don’t always follow those rules.

Here’s an infographic with the survey’s key findings below:

Salesource – How Kyle Dayne build it as a brand to profit £5mln a year

By

Sarah Cantley

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November 23, 2020

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Instead of going to university he risked starting a business, now making £5mln a year.

A 22 year old Kyle Dayne a few years ago made a decision not to follow the crowd and instead of starting university, he put all his efforts into creating a startup, turning his life around and making millions a year.

Kyle started his journey in 2018 with dropshipping – after owning multiple profitable stores he decided to sell them and concentrate on the bigger picture – a software company.

SaleSource was founded in 2019. The idea developed from obstacles that Kyle was facing as a dropshipper. The whole process of finding the right products to sell online seemed too complicated and time consuming. That’s when the idea for creating an AI powered by machine learning software occurred. With SaleSource, you can find best suppliers, best products and spy on your competitors at the same time.

Kyle hopes that especially during pandemic more people will be encouraged to start their own businesses or side hustles to secure their financial future. Dropshipping business model is very approachable due to the low barriers of entry.

Having coded since the age of 14, Kyle always knew his future is going to be in tech. His passion for UI and UX design is a significant factor in why SaleSource is successful. He wanted his customers to have the best user experience by making dropshipping simpler, more transparent and more accessible with his tool.

Coming from a working class background Kyle was always dreaming big, he wanted to escape to London and start his tech company, which after many mental challenges and working 12h a day 7 days a week is finally happening. One of the reasons he decided not to go to university despite being admitted to UCL and Imperial College London was because schools have no tolerance for failure, whereas being an entrepreneur means to move fast, experiment and learn from your mistakes. Many people worry about too many things and don’t take action, that’s why they never succeed.

“The future of SaleSource is bright, starting with dropshipping we are building a general tool for selling online, making ecommerce more accessible for everyone.” – Kyle Dayne

For more visit salesource.io

Ultimate Guide: Significance, Size & designing tips of Business Card UK

By

Emily

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November 20, 2020

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Usually, Business cards play a vital role in all the business (no matter what business you run) marketing that when utilized properly will help you to win or succeed in many new and small businesses it is said a business networking phenomenon. The business card you design must be more impressive such that it grabs the attention of the potential customers to your business. Therefore, if you are interested in starting a small business in the UK then you should certainly be familiar with the standard size and dimensions of the business card, which is the same throughout the UK.

Business cards can be designed in different sizes, which is considered more important when you perform your jobs with international businesses. Here in this article, we discuss the standard size dimensions of the business card that is a typical card size for the professionals in the UK.

According to one of the surveys in 2018, it is found that around 90% of small business owners use printing materials, including business cards to attract the target customers easily.

Importance of Business card usage

However, there are many marketing strategies for a business with the availability of social media and email, if one spends less budget and poorly designs the business card then there is no use in marketing your business because everything fails due to this. Hope now you know the importance of business cards in a business.

Besides all these, there are people who concentrate less on the design of the business card, concentrate on the reverse part of marketing, and implement many steps to improve the level of their business. Due to all these, the outcome of a businessperson would be that he could not reach the potential customers and move their business to the next level.

Business cards create the first impression to reach potential customers easily
Well-designed Business cards act as an effective marketing tool for a business in the UK
Helps to get Good referrals using the business cards
As these cards reach the customers, first it is more important to create branding for your business.
The budget spent on a Business card is comparatively less than other marketing techniques
It is an excellent value for money marketing.
Business cards will give out more opportunities in social as well as business events like trade shows, meetings, and conferences or other networking events.
Great way to be remembered by the people at all times when needed.

The above-mentioned are some of the key factors considered in the usage of business cards.

Ways to choose the size and design a Business card effectively

Always while designing or printing the business card the size of the card is more important. Based on the business we generally have different requirements from our business cards, like the information that is to be included in the card, the card should be printed double-sided, or single-sided. Always it would be better to choose the right size and quality of printing that best suits your business.

Suppose you work with international companies then certainly you would have noticed that everyone sticks firmly to the UK’s business card size. Since there are no specific international standards for business cards, most of the people follow common designs based on their own country. Here I had mentioned the business card standards all around the world. A business card should look like

Different Business Card size specifications and Dimensions

Premium (85mm x 55mm Dimensions)

Dimension 85mm x 55mm is the standard size business card, which is the right choice for any wallet or business cardholder. This size is similar to credit card size, which is pocket friendly and whenever you get a chance to visit or communicate with a network, it would be easy for you to use these cards and give them for further assistance.

Economy (85mm x 55mm)

This specification is entirely a budget-friendly and cheapest business card without any compromise with the quality of the card. Moreover, it provides a luxury feel at a reasonable cost. This comes under the UK business card size and easily fits your contacts wallet.

Square (55mm x 55mm)

This card’s dimensions and depth are the same as that of the standard business card size so that you can include all your details (that includes logo, Facebook name, etc) in a sufficient space. In addition, its size is very particular so it grabs the attention of the customers easily.

Mini (25mm x 85mm)

If you love to have a modern and unique business card design with a slime line card then this would be the best choice. Although the size is small, it creates a great impression with its uniqueness. All the important details added and it would be very stylish if you add a glossy coating to it, which gives a luxurious look and feel.

Folded Business card (short edge 170mm x55mm or long edge 110mm x85 mm)

Some type of business requires these folded cards, which has printing on all four sides than the 2-side printing as in case of the standard business card. Used as an appointment card in salons or doctor’s surgeries.

As mentioned above many business cards available based on the type of your business and your choice. Almost all satisfy the UK’s standard business card size. Still, in a few countries, people print business cards based on the design practices of their own country.

Few of the business card sizes and dimensions followed among various countries around the world.

Business card Designing tips

Always it is better to follow the standard business card size and the reasons to adhere to the same are as follows,

It can hold all essential information related to the business
While designing or printing the business cards the business owners face many issues if they are not very sure of the standard size and this reflects in the poor design of the card, which in turn would have a reverse effect on business.
The Standard size of the card varies from country to country so be careful in choosing the size precisely what you need and print accordingly

Font Size of the standard business card

There is no specific font for the business card. The only thing you have to focus on is the contents in the card should be clear and visible to the customers so use a good thumb rule. Also, see that the company name and your contact information are large enough with at least a font size of 12pt smaller than this would result in illegible text that creates a negative impact on the customers at the first sight.

Tips for Printing Business cards

Before printing check the design properly that the text and graphics used in the business card best suits the standard business card size.
Always leave some extra space at least 1/8 inches for the background so that the design looks neat and legible with all design elements.
Remember that the business cards should be simple and easy to read

Pay keen attention to the bleed area i.e. designing for the “bleed” also can be termed as creating a design that is lighter than the card.
In case you use the UK standard, business card size then your design must be 95.25mm wide and 57.15mm in height to account for the bleed area.
Almost you had spent more time in designing your business card with text and graphics, choosing the right font, and had concentrated on the bleed area, and finally, now you are ready to print the card. Here you have to keep a point in your mind that you should focus on the perfect resolution for the business card dimensions.
So in order to get a clear and high-quality card use a high number of pixels per inch (PPI).
Also, choose the right business card templates that will suit your business.

Conclusion

Hence, the above-mentioned details are clear and easily understandable to design your business card in UK standard size effectively and start promoting your business. I hope, after reading this article you will know the significance and the usage of business cards. So spend maximum effort and time to design a standard business card, which is a marketing tool for any type of your business.

Start Business with no Money in UK: Ideas and Suggestions

By

Emily

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November 16, 2020

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People around the world always think of starting their own business and would certainly love to create a world with more innovations and achieve greater heights facing many challenges to become an expert. To attain all these most of us think that money plays a vital role in implementing the same in different aspects. That is not true; there are more ways and opportunities to start a business in the UK without money. For this, an individual should be more realistic and viable to think in various aspects and start a business with no money.

Elegant Ideas to Start Business with no money

Know and understand your entrepreneur skills and passion
Self-Motivation to start a business
Choose the Right time to start the business
Design an Exact Business plan with Realistic solutions
Retain the Job
Always make use of free technology to promote your business
Link your expenses cost with the sales i.e. replace fixed cost with variable cost
Start the business with skills that you already possess
Try to do all work by yourself

Know and understand your entrepreneur skills and passion

If you want to start a business of your own with no money then the initial process involved in starting the business is that one should make complete research to start a business in various aspects and be prepared for everything prior. The research also includes the identification process of one’s own strengths, weaknesses, and skills. After the complete analysis, you should think about the business plans and ideas that best suits you or choose the area that you are expertise well before.

The best way to earn cash easily is to start up Service Oriented business, which would certainly be easy to set up. Choose a service-oriented business that people exactly need so that you can easily collect funds and make use of the same to generate cash flow for a secondary business that is product-based.

Some of the service-oriented business may be like online tutoring, selling stock photography, personal training, also trading on eBay these are very easy to start up that also helps you to develop or move to next level of your business as an entrepreneur. Whatever you start you must have a passion for it. so it is better to start up a business that you are passionate about which makes your business successful.

Self-Motivation to Start business

Always you should be a self-motivator yourself. As mentioned above you should completely analyze yourself before starting a business and move towards the right approach that makes an effective achievement of your goals and ambition in your business and as well as in your life. Choose the best business ideas that will suit you and do not forget to make market research or testing in the area you choose. Testing the market is to determine what the customers exactly wants and who they are.

Choose the right time to start the business

Before you start the business check whether currently, the need for a particular business is more in demand so that you could succeed in that particular field easily. Once you had decided to start a business then choose the area, you want to start up and always watch actually happenings in and around the business when a particular product or service sold out and how the customers react for the same. Carefully start at the right time when there are an actual need and expectation for a newer approach with the best solutions.

Design an Exact Business plan with realistic solutions

In general, the business plan is an outline of the detailed objectives of your business and the different steps involved in achieving the same. A structured approach clearly depicts the thoughts of yourself in the business to achieve the goals.

Some of the key elements involved in a business plan are,

Be simple and precise so that anyone can understand and know clearly, what your business is all about that is the overall summary of the business.
The detailed or elaborate content page that clearly explains each task you implement in every stage of implementation.
Business Model related to the products and services you deal with the customers
The complete analysis of the competitors and the current market.

Retain the job

As a Startup always start your business as a side income where the main income or the major source of your income helps you in developing the business side by side. So always, it is better to retain the job you work currently until and unless your business reaches success. This is the smarter way to start up your own business with no money because it would take time for the transition to be your own boss would be a little risky.

Always make use of Free Technology to promote your business

So now, you would be clear about the business you are going to implement and who are the customers. So in the initial stage always go with free internet access and free technology to promote your business among the customers. For this, you can use social media like Facebook, Instagram, and LinkedIn, which would support you to promote your business largely. If you have a good reach out of it then create a website for free with the help of wix.com which is an amazing way to promote your business without spending money for free.

Replace fixed cost with variable costs

It has become easier to hire freelancers through sites like people per hour, which means you can control the spending costs and change them quickly to meet the demands of your business. There are also few companies that do everything on behalf of you like delivery of your stock managing the orders and they do even packing of materials easily. For e.g. my Warehouse does not charge any setup fees or fixed fees and no minimum contract. You can pay them for the services they provide you. This would be the better choice to start your business with no money.

Start the business with skills that you already possess

As discussed earlier it is better to start-up in the area you already have some knowledge and experience which helps you to reach success in your business in a short span of time.

Try to do work by yourself

Complete all the works by yourself so that you can reduce the cost in all such ways and earn more in your business with no money easily.

Simple Business Tips and ideas for a startup

Convert your hobby into a business
Identify the area in which you provide better solutions
Always be cheaper than other business but be more productive
Innovate new ideas in this rapidly changing market
Develop a business that best suits for future market
Take up a few ideas from other business and present or produce it in a smarter and specific way
Always think business globally that helps you to achieve your target easily (Do not limit yourself to one simple idea) be versatile.

Conclusion

The above-mentioned are some of the simple and elegant ideas that one can easily think about, implement without any hindrance, and Start a Business with no money in the UK. You can also approach get funding from banks or approaches a business loan to start up your business. There are many crowdfunding platforms available to make use of these funding agencies and execute your business in a successful way.

Further references,

The Business Networking Phenomenon

Top 10 Small Home Based UK Business ideas in 2020

Elegant Startup ideas for Home-Based Label Printing Business

How do you start a business with no Money

Smart and Tranquil ideas to Startup Business with 1000 Pounds in the UK

Top 10 Embroidery Machines for Business in the UK

Are you unemployed then create your earning source with business?

Contactless Payment: All You Need To Know

By

Sarah Cantley

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November 10, 2020

0

Table of Contents

Contactless payment technology

Contactless payment technology is one that is currently impacting consumer thoughts on services and products purchase. Those that are very much into the world of cashless payments would have been familiar with the term “contactless payment.”

This technology uses contactless card machines to process the payments made from credit cards without requiring the card reader to enter their PIN code. All they need to do is tap or wave the card in front of the machine, and the payment will go through.

What Devices Use the Contactless Payment Technology?

Contactless payment technology is not open to just credit cards and debit cards alone. There are other devices with the capability of contactless payment. It is possible to ingrain this technology into key fobs, stickers, wearables such as wristbands and wristwatches, and even mobile phones.

Is this Technology Secure?

Contactless payment technology is very secure. The fact that the payments are authenticated and validated with encrypted codes makes it a safer payment option than the magnetic stripe cards. Unlike the magnetic stripe cards that statically store data and are easy to clone, it’s much harder to hack or clone contactless technology.

Benefits of Contactless Payment Technology

One of the major reasons people go for contactless payment is the speed of completing transactions, making it suitable for people who are always on the go. A contactless card machine processes transactions very fast compared to EMV chip cards and mag-swipe cards. It only takes about 15 seconds to process the transaction while the others require more than double the time to do the same. Also, users don’t have to enter or disclose a PIN to complete their transactions, and they can use wearables to access this.

Is Contactless Payment Popular?

The use of contactless card machines is becoming common in the UK, Australia, and Canada, among many other countries where there are already millions of contactless credit cards in use. The UK alone has about 119 million contactless cards. Furthermore, one-third of the card transactions carried out in the UK are contactless.

Banks in the US are also issuing millions of credit cards that are contactless, and by 2021, it is estimated that the US will have more than 229 million contactless cards. Card transactions are also estimated to worth $111 billion at the same time.

The popularity of contactless cards in London spiked because commuters became used to “tap and go” when using public transport. This transitioned easily into the use of contactless payment options. We’ve also seen the New York subway using contactless payment technology for travelers. It’s only a matter of time before this sweeps across the whole city, just like it happened in London.

What Kind of Business is Contactless Card Reader Suitable For?

Contactless payment is suitable for all kinds of businesses that are into selling items with a value of less than £45. It makes the transaction quick and seamless. However, other businesses selling items with high value can also use contactless card payment, provided they are selling at a lower frequency.

How Does A Business Benefit from Using Contactless Card Machines?

There are many ways that a business can benefit from using contactless payment technology and, by extension, contactless card machines. The global business world is now very fast-paced. If you want to remain relevant, especially as a small business, it is vital to offer your customers exactly what they want. One thing that is of the essence now is time. Customers are looking for ways to save time, and this means they’re looking for the most efficient, easiest, and fastest way to make payment and complete transactions. In this case, this is a contactless payment.

You can increase the speed of transactions for a hassle-free and convenient payment by simply getting a contactless card terminal. This helps prevent long queues from building up at checkout points (which is seen as a time-waster). In the end, customers are happy to get their transactions sorted without long delays, and your staff is less stressed.

With contactless payment technology, you can keep your customers satisfied, which means they are likely to return. It can potentially lead to an increase in sales for your business as customers are sure of fast and convenient payment and can always come back.

Final thoughts

Going forward, contactless payment methods will be the primary payment method as customers seek speed and convenience in completing their transactions. There are countless terminals, credit cards, and debit cards currently offering the contactless payment option, and this will only increase going forward.

The Business Networking Phenomenon

By

Sarah Cantley

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October 28, 2020

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It has been called the business networking phenomenon. The moment COVID 19 lockdown began in March 2020 Businesses had to change their networking approach. Now it is hard to think of networking BC! (Before Covid) Throughout the centuries businessmen and women have used networking as a means to develop relationships and gain clients; by referrals, extending their client database and improving their sales funnels.

This has been conducted usually by in-person events. When the first lockdown came into practice, face-to-face networking stopped and business networking was at risk. Many networks stopped and closed their activities. Networking groups like BNI, 4N, Rotary Groups, MIBA, Athena and others could have become extinct. However, the creativity and adaptability of business people came to the fore using online technology. Zoom quadrupled its client base and became part of the vocabularly! Other platforms such as Microsoft Teams, Blue Jeans and Remo suddenly became attractive as business people embraced online networking.

Technology changed the way businesses conducted their networking in an unprecedented way. As I began to write the book, Successful Business Networking Online, it soon became obvious that there was more to online networking than originally anticipated.

Technological phobias had to be overcome.
A new culture and protocols began to emerge.
Concerns that the principles of networking may not work online, had to be addressed.

The learning curve was steep, we were all learning together, at the same time. New terms entering the vocabulary: Zoomland, Zoomitus, Zoom Brain, Zoombombing and Zoom Fatigue. New phrases: “You’re on mute”, and “You have frozen” are now regular phrases in every networking group!

We had to learn how to best use the screen. It might only be 2” by 1”in size, but it is in fact a live business card. Backgrounds need to be considered. Are there pants or posters in the background? When people are deciding quickly, who they want to do business with, it’s crucial to be professional and now online etiquettes have been established, perhaps relaying from the bedroom is not the best place.

The camera has to be in the right position for you to be seen. Light has to come from in front of you and not from behind. A common mistake people make is to have a window behind them with natural light pouring in. This means they become silhouetted, or their face is in darkness, unable to be seen clearly. It is easily resolved, you have to turn to face the light, or draw the curtains and put a light on in front of you.

Five easy protocols to remember

Do not eat on screen, even if you are not speaking – instead if you must eat use the Stop video.
Keep your microphone on mute when not speaking, so others don’t hear background noises (phones, dogs or children!).
Check your background, keep it neat and tidy, or use a virtual background, one featuring your logo perhaps.
Put your full name at the bottom of the screen so people can easily find you on social media.
Use the chat room to place your links and include the http:// before the www. This makes it clickable and goes directly to the link.

Like everything, there are advantages and disadvantages. Here are a few:

Advantages

No travel costs. You can meet people from all over the world from the comfort of your home.
Online is more accessible for people with disabilities. Those with mobility issues are safe and those who are hard of hearing find the faces on the screen easier to lip read, and they have control of the volume button.
Most online network meetings are free or at a low cost. Therefore, the rate of investment in time can be enormous.

Disadvantages

We miss the human contact and connection. Interactions can appear forced and the spontaneity or buzz that happens in group conversations is missing.
It’s easy to tell untruths online, as we only see people from above the keyboard without the benefit of using all our senses and picking up body language clues. Therefore, it’s harder to discern the truth!
Online overload or Zoom fatigue are real. Many people are spending hours in front of a screen, making neck, back and sight issues a strong possibility.

The book, Successful Business Networking Online covers all the above points in detail, illustrated by fantastic cartoons from Joanne Whitlock. It contains contributions from over 100 business people who regularly network online, the foreword is written by Nigel Botterill: Entrepreneur Circle and there are interviews with recognised networking gurus, including: Brad Burton, Sandra Garlick MBE and Graham Todd.

This is the first book dedicated to online networking, it is endorsed by BNI founder Dr Ivan Misner and Professor Gary Bosworth who both see it as an essential resource for business people and business students across the world.

We have to remember that networking is the lifeblood of every business. If you are serious about bringing in more clients, your networks are the way to survive difficult and challenging COVID-19 times. So, is it time for you to join the business networking phenomenon?

Ladey Adey – Author of Successful Business Networking Online.

UK Digital Services Tax-Amazon hit Small Traders

By

Emily

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October 18, 2020

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Digital Service Tax(DST)

The UK government on April 1^st, 2020 has launched a digital service tax that would have a great impact on various corporations including Google, Amazon, and IBM. In addition to this, American President Donald Trump has also decided to introduce the tax system and determine how are the adverse effects arise for all American businesses. Many corporate companies support the investigation but whereas IBM urged the president not to launch those investigations in the UK and other EU countries.

Digital Service Tax

The Digital Service tax is the one, which introduced, by the UK Government and other countries worldwide that is applicable to the companies in the digital service industry. The Digital Service Tax (DST) is the one, which would generate 2 or 3 percent of the countries’ domestic revenue from a large group of internet companies.

Problems due to DST

Tax authorities tax few companies to provide digital services even though they are located in other countries.
In general, while there are a talented accountant or using tax loopholes, many reputed companies pay very fewer amounts of corporation tax (like Amazon and Apple) which results in an insufficient amount for the government in public services like roads, healthcare, and education.
Further, it becomes hard to calculate or determine the exact tax that a company has to hosts digital services when not delivering a physical product (VAT).

Working of the Digital service tax

The digital services tax is applied to the companies that involve in providing digital services. Suppose the global sales exceed $500 million but whereas the UK sales exceed $25 million, then for the first $25 million no tax is exempted and is considered as the allowance. However, if the sales profit exceeds this amount then is taxed at 2%. So when a transaction on an online marketplace takes place then the revenue generated is related to the UK user.

Impact of Digital Services on Reputed companies

However, the tax is levied on digital services and not on online services. Now Amazon has declared that it would simply pass the charges to the customers, for thousands of businesses to use its marketplace. Similarly, Apple has said that it would pass the tax on app developers and google on the advertisers. The UK’s DST is a poor consolation prize for the multinational tech companies that will have to pay 2% to HMRC on revenues related to “provisions of social media service, internet search engine or online marketplace”.

Amazon passes on digital service tax to sellers

As the eCommerce, today has an ever-increasing boom in the world. People do everything online using many digital services by many corporate companies. One such e-commerce giant is Amazon, which has a net profit of 11.59 billion U.S dollars from 2014 to 2019. Moreover, the company has revealed that its profits had recorded the highest level in the second quarter of the year as the government introduced lockdown to Coronavirus, which made the customers purchase everything online, rather than from physical retailers.

As and when the legislation passed by the UK government the company conveyed a note to the seller community that Amazon will not pay the UK new digital service tax for the products it sells directly to the customers rather small traders who sell products on their site will face some increase in the charges like,

Referral fees
Fulfillment by Amazon (FBA)
Monthly FBA storage fees
Multichannel fulfillment fees

By 2% for the UK people. In addition to this Amazon has also mentioned in their note that, as like other companies, Amazon has also asked the UK Government to pursue a global agreement on the taxation of the digital economy rather than unilateral taxes, so that it could be transparent and fairer for all business traders in all countries.

Moreover, they had also mentioned that the tax designed is a temporary measure, which will be dropped once the OECD deals with the agreement with the new international framework for taxations.

Lord Leigh of Hurley has stated that the announcement given by Amazon looks to be “absolutely outrageous”. He had mentioned that from the statement it reveals that the UK Government does not impose a tax on Amazon duly and is allowing avoiding tax for its own sales in the marketplace.

Some of the discussions of how far the legislation passed by the UK government is fair,

The most important factor considered is, that the tax generated only when the profit exceeds $25 million. Thus, the giant companies would face this where 90% of its revenue outside the UK would see this income as untouched by HMRC.

The other factor is that always the digital-based services rely on public services. Where digital services do not use roads for their transportation, rather it is mainly dependent on the engineering services for communication links. In addition, it is mentioned that digital services are dependent on the consumption of the population. The money spent on defense by the government is a safe and stable economy for the country by which the digital services are benefitted in the UK market. So finally, any business conducted in the UK is reliant on the ecosystem, which is supported by the taxpayer’s money.