Demonetisation: Impact on E-Commerce Platforms

India is still recovering from the unexpected demonetization of rs 500 and rs 1000 notes. A huge change is encountered in the routine of every business and the e-commerce industry has not been spared even. One of the most significant economic change in the lifetime of Indians experiencing vast spread tremors. While some people were hailing it as a masterstroke move against against black money, terrorism, and currency counterfeiting. Whereas, certain section of people were creating hue and cry against it. This change is placing a tremendous impact on trade and consumer demand. A lot of discussions and discussions are already going on these topics, so I will spare you on that!

The e-commerce platforms are reeling under pressure due to undelivered orders because a lot of customers have opted for COD, but are still offering the old currency notes only. Such drastic economic change has led to an increase in the use of cashless services but the e-commerce platforms are finding it very difficult to complete orders that have been marked for cash on delivery.

On one hand, there have been a huge increase in digital payments but on the other hand the percentage of undelivered online purchases too have gone up. All of this has claimed in huge returns as the customers who place online orders and choose for COD mode for payments, urge the delivery person to accept the old currency notes or take back the order.

Due to demonitisation, the e-commerce platforms have stopped COD mode of payment which is credited for close to 60% of online shopping in the country. COD is one of the popular payment options for a large section of India consumers who shops online. This is due to the sheer convenience it offers to its customers who wish to receive their orders first and pay later.

In order to compensate, these platforms have added credit card on delivery as one of the payment options to put customers at some ease who are running out of cash. More discounts are offered by restructured websites on online payments as well as zero cost EMI schemes.

The spokesperson of amazon has said that the company has incurred ten times growth due to credit card on delivery mode. However, this is not helping the sellers much who have complained that these efforts are not compensating for the loss incurred over COD mode.

No doubt, there will be a lot of inconvenience in the initial period but in the long run, everyone is hopeful of a better growth, reduction in cash on delivery services, along with a quick return investment.

High Risk, Moderate Risk and Low Risk Investments

For those looking to invest, you should know that many investments can be categorized as being high risk, moderate risk and low risk. Investing is not difficult, but you should always put lots of thought and planning into it. It is also extremely important to educate yourself about the many different investments available to you so you can find those that fit best with your specific situation and lifestyle. Here are some tips regarding the three categories of investing.

Low Risk Investments

While low risk investments are usually very low key and rarely are extremely glitzy or publicized, they do offer conservative investors a way to save money for the short or long term without the risk involved that you find in other forms of investing. Low risk investments usually pay the lowest yields, but are far less volatile than many other types of investments. Low risk investments include money market funds, certificate of deposits and some types of bonds. Low risk investments are perfect for those that want to make sure there money remains safe and secure. While low risk investments don’t offer high returns, they do offer stability and security for those that can’t afford to lose money or would just like to avoid as much risk as possible. Expect low risk investments to pay out yields of 1% to 5% annually.

Moderate Risk Investments

Moderate risk investments are perfect for those that are interested in investing for the long term and would like to earn moderate yields. Moderate risk investments are usually certain kinds of stocks, bonds and mutual funds that pay handsomely over the long term. While generally riskier than saving money in a bank, for those that are looking to invest for the long term, historically speaking you will grow your money quite nicely. Moderate risk investments usually use the power of compound interest and time to create a nest egg from 10 to 40 years with regular savings. For instance, saving 1K per year at an interest rate of 10% for 30 years can return close to 200K. Moderate risk investments usually return yields of 5% to 12%.

High Risk Investments

High risk investments are those investments that if you are lucky can return huge yields, however the downturn is that they can be extremely volatile and in many cases instead of getting rich off your investment, you find yourself losing some or all of it. High risk investments include penny stocks, international stocks, some types of Forex trades, etc. The sky is the limit for returns, but many high risk investments- if considered a winner should return yields that range from 10% to 30%++.

Five Multi-Channel Marketing Mistakes to Avoid

Mistake # 1: Nothing is Connected

Rather than setting up individual channels as lonely little islands on the internet, you can integrate them so they work together seamlessly and can be managed from a single, centralized tool. Hootsuite, for instance, gives you the ability to post content in the Hootsuite dashboard and automatically post it to any (or all) other channels through one easy-to-use interface. But if you do not have an integrated system, you risk spending too much time posting to individual channels or worse, not posting anything because the task looks too big and time consuming.

The Fix:

Integrate your marketing channels. By integrating marketing channels, you can work with a "write once, publish to many" model that saves time and ensures consistency across all your marketing. You may need some outside professional help with the integration work itself, but it is well worth it in the time and effort you'll save when making posts or running marketing campaigns in a multi-channel system.

Mistake # 2: New Information is Infrequent or Sporadic

Marketing is an ongoing activity – you can not just set up a website and a social profile or two and think that you're done. It is critical that you add new information, articles, posts, and comments on a regular basis. Without consistent activity, your marketing efforts will do little to promote your business, bring in new leads, or help build customer loyalty and engagement.

With sporadic or infrequent updates, you also open the door for your competitors to gain momentum, visibility, and new customers if your social profiles just sit there with little activity. It's important that you commit to a sustained, ongoing effort to "feed and care" for your multi-channel strategy in order for it to get results for your business.

The Fix:

Create a Content Pipeline. A Content Pipeline can be as simple as printing out a monthly calendar, then selecting the days you want to post or add new content to your website, social profiles, and / or other marketing channels. For example, if your business newsletter has three articles, you can use one article each week as a new social post, then share a link to an interesting blog post (on your website or elsewhere) as the post for the fourth week. Having everything planned out ahead of time makes it easy to keep information flowing smoothly in a multi-channel system.

Mistake # 3: No Mobile Site

  • There are more than one billion people using mobile devices today.
  • More than 61% of mobile users say that if they do not find a mobile site , they will immediately leave to keep searching for one.
  • 50% of users said that even if they liked a business, they would use it less often if the website does not work on a mobile device.

Still think you do not need a mobile site for your business?

A mobile site is not the same as a desktop site displayed on a smaller screen. Mobile sites have less content but are typically more focused and to the point. They also include unique features like click-to-call buttons, larger text, "thumb-friendly" navigation and links, etc. A regular desktop site when viewed on a mobile device is often very difficult to use, as the links and buttons are too tiny to use on a small touch screen, and the content is all but unreadable due to size.

The Fix:

If you do not have a mobile site, or if your regular desktop website is less-than-wonderful when viewed on a mobile device, consider adding a mobile website for your business.

Mobile devices are now the first screen of choice for users, meaning that more people could be accessing your website from a mobile phone or tablet than their PC or laptop. What type of mobile experience is waiting for your visitors?

About 93% of small businesses do NOT yet have a mobile website, so if you're one of them, this is a great opportunity to reach more customers right away, plus get a jump on your competitors!

Mistake # 4: Missing or Incorrect SEO

Ever since Google's Penguin and Panda updates in 2012, SEO techniques and ranking signals have changed – a lot. If you had SEO work done during or prior to 2012, chances are that the techniques used are not only outdated and non-standard today, but they could even work against you in the search engines (like sites with technical errors, old SEO tactics, Deprecated HTML, etc.).

Today, search engines have little regard for websites that are built with outdated, non-standard code, or that contain technical errors or outdated SEO tricks. If your site was optimized more than two years ago, it is probably time to re-evaluate the techniques used on your site and repair or correct as necessary.

If your site is not properly coded and optimized, it will eventually hurt your search engine positions.

The Fix:

Optimize your website, social profiles, email campaigns, and mobile campaigns so that everything meets with today's standards and gives the search engine spiders exactly the information they need to accurately read and index your online assets. Do not forget that content freshness, originality, and share-ability are now important ranking signals to Google, so make sure your multi-channel strategy is addressing these criteria as well.

Mistake # 5: Not Enough Quality Website Content

Google now counts quality content as one of its major ranking factors, so if your website has old content, has not been updated in a while, or has very little index-able content on the pages, it's time to fix it. Pages with only a couple of paragraphs of text, or pages with stale content, are going to be dropped in favor of pages that have fresh content and top-quality information, articles, and other original material.

The Fix:

Make sure your website has plenty of interesting, high-quality information that users will find compelling. Also make a plan for adding new content to your website at least monthly, and make sure that your content is fresher and of better quality than what your top competitors provide. Websites that do not have fresh, useful content are going to be dropped from the search results – do not let your site be one of them.

The Multi-Channel Advantage

By avoiding these five common mistakes in your multi-channel strategy you can more easily manage your online marketing efforts while gaining the benefits of increased customer engagement, a more visible online presence for your business, and improved search engine rankings – all at the same time .

Real Estate Deposit vs Down Payment

When you’re selling your home, you have to be familiar with related real-estate lingo. You have to know the difference between a canopy and an awning; a mortgage and a loan; and most importantly, the difference between a deposit and a down payment.

Believe it or not, there are a lot of home sellers who think that deposits and down payments are one and the same, when in reality they are not.

A deposit is the money given or handed over to the owner when a buyer indicates a sincere desire to purchase the property being sold. It is a token amount that could be as small as a few hundred dollars, or as big as 5% of the total purchase price. The deposit can be returned when the transaction does not fall through for reasons beyond the control of the buyer, and can also be forfeited in favour of the seller. When the purchase pushes through, the deposit is credited to the buyer and forms part of his down payment.

A down payment or equity, on the other hand, can be considered as an initial payment on the property itself. It is given when the buyer has decided to actually purchase the house (unlike in deposit, where it is given when the buyer indicates a desire to buy the unit). The down payment is the total amount of money a buyer can give as a partial payment and is generally of a bigger value (10% of the total property cost, or more) than regular deposits.

It’s fairly easy to differentiate. Just remember that a deposit is smaller and, once the transaction pushes through, becomes part of the down payment. The total of these two, plus any outstanding balance, should be the agreed upon purchase price of the property.