Top Places to Invest Your Extra Money
If you have an investment, your first priority would be to look for investment plans that offer high returns. In order to limit your search, we have listed a few investment options that are viable as well as profitable.
Investing in Stock or Direct Equity
This is an investment which allows the investor to buy the stocks. This may be a volatile investment but with careful market monitoring, you can make a good decision. You need to chose the right stock and timing to purchase and sell the stocks.
You can invest in this option with minimum capital. Initially, it would be appropriate to start investing a small amount. Afterward, if you get experience and some good returns, try to invest more.
Equity Mutual Funds
This is a type of investment where you can invest in equity stocks. You can manage this investment either actively or passively. When managing your trade fund actively, you can get large returns.
On the contrary, the exchange-traded fund allows you to manage your funds passively. These schemes work on a categorization based on the market capitalization. You can also invest in domestic or overseas companies.
Public Provident Fund (PPF)
The Public Provident Fund is available in different countries with a slightly different name. This type of investment usually attracts a large number of investors. You can get a good amount of tax-free interest, especially at the later stage. The amount invested is always safe, as these investments offer sovereign guarantees.
You can deposit your amount for a specific period and get an annual return in terms of the interest. If you don’t utilize the interest, the amount that you get in the end would be nearly double the funds that you have invested.
Fixed Deposit (FD)
This is one of the most common investments planned offered by almost every commercial bank. In this type of investment, you deposit an amount in the bank for a specific period. You are not allowed to withdraw the amount until your investment matures. You can choose monthly, quarterly or annual interest option depending on your requirements.
Since this type of investment plan is out there for more than 50 years or so, people feel a sense of security when depositing their amount. In fact, this investment is a safe and legitimate method to increase your income without utilizing the capital amount.
Real Estate Investment
This is the investment that most of us have tried over a period of time. There is nothing special that you need to do. If you have capital, you can buy a house or shop and wait for its price to increase.
In fact, there is no big investment risk if you are investing in real estate. You can use the property even as your own residence if it’s a house. Hence, you can save the amount in terms of rent and get a huge profit if the house sells for a good price.
However, when choosing the property, you must keep in mind its location, structure, and overall maintenance cost. You can earn profits through real estate investment either in term of rentals as well as capital appreciation.
Tips to Start Smartphone Accessories Business
May 28, 2019 by readorig • Business • 0 Comments
If you have made up your mind to start a Smartphone accessories business, you need to consider some essential elements to give it a good start. This business may turn out to be a profitable venture if you follow a proper plan when starting it.
In order to help you, here are a few tips to follow, which will allow you to launch your Smartphone accessories business in a hassle-free manner.
Do some Market Analysis
Just like any other business, you have to deal with the already established business in this field. You may come across a wide range of popular brands. These companies have years of experience with reference to serving their clients and gaining their trust.
However, this doesn’t suggest that you can’t start your independent business or beat such a tough competition. On the contrary, you should consider this competition factor as a power to boost your courage. Just keep in mind that healthy competition is essential for the growth of any business.
In addition, you must look for a particular niche or product range that you can offer to your clients. For this purpose, you need to do some research regarding the already available products. If you successfully launch such items that are still unavailable with other companies, it will give an initial boost to your business.
Look for a Perfect Location
If you are thinking of establishing a physical store, you need to find a perfect location. As an example, if you are opening a restaurant, be near populated areas, however if you have a unique type business like an addiction treatment center then the location might be best in a more secluded area. This is important to consider when choosing your locale.
Starting such a business at any of the popular places like shopping malls or plazas is a good idea. Especially, business centers that only deal in Smartphone devices and computers may serve as the best place to start this kind of business.
Document your Business
Prior to starting your Smartphone accessories business, make sure to fulfill all the legal requirements. You must obtain the NOC from concerned authorities and complete the required documentation for starting such a business.
Find a Supplier
You can only offer products at discounted rates if you are buying products directly from the manufacturer. For this purpose, you have to contact different manufacturers and analyze the quality of their products.
You also need to compare the price of each product. Buying items in bulk is a good option when you are thinking of making huge profits. Moreover, choose a manufacturer or supplier, who offers best quality products at a competitive price.
Online Presence
Even if you are running an offline store, it would be better to create a professional website to promote your business. You can also launch an e-commerce store to increase your online sales. If you don’t have the budget to start your own e-commerce site, you can take advantage of using other e-commerce giants like eBay, Amazon or Shopify.
Market Your Business
When you have established your business and the next step is to advertise it. You must consider designating a specific budget for advertising your business. You must use a combination of online and offline advertising options. For instance, you can promote your business via billboards and newspaper adds. On the other hand, you can utilize various digital marketing options like Facebook, Twitter or Instagram.