BusinessTips

10 Businesses to Start in 2022 for less than $200 There are plenty of ways to start a business on a shoestring budget. In fact, with a little creativity and resourcefulness, it is possible to get your business up and running without spending much money at all. This video will highlight 10 businesses you can start in 2022 for less than $200. 1) Blog Blogs are a great way to start a business on a budget. To start a blog, first, choose a topic for it. Next, come up with a name and a platform to build it on. Finally, start producing content and find ways to market it. Blogs can be built on a platform like WordPress. 2) Handyman Service If you’re good with your hands, this may be a great fit for you. A handyman can have a wide range of duties. Each handyman can choose to offer the types of services they feel comfortable with. You can get started cheaply if you already have some tools to begin with. The app Handy helps handymen find work. 3) Tutoring Service If you have a skill, become a tutor to start earning money by teaching it. Tutors are needed for all kinds of subjects. Tutors can earn anywhere from minimum wage up to $200 an hour, depending on their experience. Your tutoring business can be launched on a site like Wyzant. 4) Detail cars If you enjoy cars, consider cleaning them for money. Car detailers are highly in demand by car enthusiasts who insist on having their rides look optimal. This business is cheap to start using things you may already have like a pressure washer. 5) Teach English Online Millions of students around the globe are looking to learn the world’s language, English. You may have students from a variety of different countries, although China is particularly demanding English teachers. VIPKID is a great platform that connects teachers and students. 6) Pet Sitting Do you love pets? If so, pet sitting could be the job for you. Pet sitting is when you take care of someone else’s pet(s). To get started, make some business cards or run an ad in the newspaper for a small amount of cash. 7) House Sitting House sitting is similar to Pet Sitting. House sitters take care of others’ homes when they’re out of town or for other reasons. Houses may need to be checked on from time to time for a variety of reasons. Get started cheaply by handing out flyers in your community. 8) Flip items If you have a good eye for value, reselling used items may be worth a try. Resellers find cheap items at yard sales, flea markets, and other places and then resell them for a profit. This is a job you can get started at with just some time and creativity. 9) Tour Guide Do you know your area well? Help tourists enjoy your city by guiding them throughout it. Private tour guides are able to give a personalized touch to travelers looking to make memories on vacation. 10) Make and sell something Are you a creative person? Make handmade things at home and sell them online. People are looking more and more for handmade items to give as gifts or to enjoy themselves. Scarves, stickers, and birdhouses all sell well on sites like Etsy.

The way you think about money can have a big impact on your financial wellbeing. If you have a negative money mindset, you may believe that you will never have enough money or that you are not good with money. This can lead to financial stress and make it difficult to make sound financial decisions. On the other hand, if you have a positive money mindset, you may be more confident in your ability to manage your finances and make smart financial choices. Having a positive money mindset does not mean that you will never experience financial difficulties, but it can help you to approach these challenges in a more constructive way. With a positive money mindset, you may be more likely to take steps to improve your financial situation and find solutions to problems. Ultimately, the way you think about money can determine whether you meet your financial goals or fall into debt. So if you want to achieve financial success, it is important to develop a positive money mindset. In this video, we’ll discuss 4 money beliefs that’ll keep you broke. 1. Happiness can’t be bought It's a common belief that money can't buy happiness. But is that really true? While it's certainly not true that money can simply buy happiness outright, there is some evidence to suggest that money can indeed play a role in happiness. For one thing, money can provide greater security and stability, which can reduce stress and increase wellbeing. Money can also provide opportunities for leisure and recreation, which can boost happiness levels. Of course, it's important to remember that money is not the only factor in happiness. There are many other things that contribute to a person's sense of wellbeing, such as good health, strong relationships, and a sense of purpose. But if used wisely, money can be a powerful tool for creating happiness. 2. I’m not cut out for it Some people seem to have a knack for making money, while others can't seem to make ends meet no matter how hard they try. But the truth is that anyone can make money if they're willing to put in the effort. While some people are born with a silver spoon in their mouths, others have to work for everything they get. But as long as you're willing to work hard and stay focused, you can find success. There are endless opportunities out there for those who are willing to look for them. Whether you want to start your own business or invest in stocks and real estate, there are plenty of ways to make money. The key is to stay motivated and always be on the lookout for new opportunities. With a little bit of elbow grease, anyone can make money. 3. Money’s the root of all evil While it is true that money can lead to greed and corruption, it is not the root of all evil. The root of all evil is actually the love of money. When people desire money more than anything else, they are more likely to engage in unethical or illegal activities in order to get it. Money itself is neutral. It is how we use it that determines whether it will lead to good or evil. If we use money to help others and make the world a better place, then it is a force for good. However, if we allow money to control us and make us into something we are not, then it can be a very destructive force. Therefore, it is important to keep our priorities straight and view money as a tool that can be used for good or evil, depending on how we choose to use it. 4. Making money is greedy Contrary to popular belief, making money isn’t greedy. In fact, it’s a very natural and human instinct. We all want to improve our financial situation and achieve our goals, and there’s nothing wrong with that. What is greedy is hoarding money and not sharing it with others who need it. Greed is also being wasteful with money and not using it to its full potential. Money itself isn’t bad, it’s what we do with it that matters. So if you’re working hard to make more money, don’t feel guilty or ashamed – you’re not being greedy, you’re just being ambitious!

#shorts The way you think about money can have a big impact on your financial wellbeing. 1. Happiness can’t be bought Money can provide greater security and stability, which can reduce stress and increase wellbeing. If used wisely, money can be a powerful tool for creating happiness. 2. I’m not cut out for it Some people seem to have a knack for making money, while others can't seem to make ends meet no matter how hard they try. But the truth is that anyone can make money if they're willing to put in the effort. 3. Money’s the root of all evil While it is true that money can lead to greed and corruption, it is not the root of all evil. Money itself is neutral. It is how we use it that determines whether it will lead to good or evil. 4. Making money is greedy If you’re working hard to make more money, don’t feel guilty or ashamed – you’re not being greedy, you’re just being ambitious!

Is it possible to make a million dollars in just three months? Well, sure it is. It might not be easy, but it is possible. What would it take to accomplish this behemoth of a goal? To find out, we need to reverse engineer what goes into making a million bucks. So, if you want to understand what it takes to become a millionaire in lightning speed, stick around. The way we’ll try to make this goal happen is by ultimately selling a business for $1,000,000. Selling businesses is a growing trend. More and more people are buying and selling businesses all the time. Businesses can be bought or sold at any time on websites, such as Flippa.com. Flippa has all kinds of businesses for sale, like blogs, eCommerce stores, SaaS, and apps. Businesses oftentimes sell at a value equal to 4x their annual profit. For example, if a business is generating $1,000 profit a month or $12,000 profit a year, it could sell for $48,000. Buyers pay up for these businesses because they know that they can make money with them for years to come. Sellers require a hefty fee to part with their profitable project. So, in order to sell a business for $1,000,000, it would need to be bringing in about $250,000 per year in profit. Breaking this down further, that would be equal to about $20,833.33 profit per month. So, in order to make $1,000,000 in 90 days, you just need to come up with a business that is making almost $21,000 profit per month. That’s no easy task, but it sounds a lot less scary than trying to come up with $1,000,000. Once again, if you have a business that is making $21,000 per month, investors would look at that business as bringing in $250,000 per year and would potentially be willing to pay 4x that amount for it. Now that we know what it would take to sell a business for $1,000,000, how do we go about coming up with a business that makes $21,000 per month? Again, we can try breaking this figure down into more digestible steps. Can we come up with a business that brings in $2,100 profit per month? This could be any kind of business. Perhaps you could come up with a SaaS, an app, a website selling services, or something else. Maybe you find customers willing to pay top dollar for a specialized consulting service. Now that you have this business making $2,100 per month, you just need to copy it 9 more times but with some kind of twist. Now you’ll have 10 businesses making $2,100 per month or $21,000 altogether. It’s finally time to bundle all these businesses together as one package and list it for sale. You’ve now earned $1,000,000 in just 90 days.

The Three Investment Theories that made Warren Buffett a Billionaire Here are three tips Warren says helped him make 80 Billion dollars. 1- The Market is like a drunken uncle So, don’t trust everything that it presents. Warren says to take what the Market says with a grain of salt and analyze a business closely to see if it's really worth investing in. 2 - There are massive highs and minimal lows Warren says to be aware of the tendency for stocks to be extremely overvalued and to use that knowledge to your advantage when investing. 3 - Invest in companies with a competitive advantage A competitive advantage is a strength of a company that elevates it above competitors. A company could have a great brand image, customer support, or economies of scale.

Warren Buffett is one of the most successful investors in history. He is often referred to as the "Oracle of Omaha" for his sage investment advice. Buffett’s skills have made him one of the richest men in the world, with a fortune estimated at over $80 billion. In addition to his incredible success in the financial world, Buffett is also a generous philanthropist. He has pledged to give away 99% of his wealth to charitable causes. Warren Buffett is an inspiring figure who has shown that it is possible to achieve great things through hard work and dedication. In this video, we’ll discuss the three investment theories that made Warren Buffet a billionaire. 1 The Market is like a drunken uncle Have you ever been around a drunken uncle? They are sometimes sloppy, careless, and silly. They surely aren't exact or precise. Warren says that the Market is like this. This is opposed to what some people may believe. They may view the stock market as an exact valuation of companies or a perfect representation of what is happening. Warren says that the Stock Market is filled with surprises, inaccuracies, and risk. This is due to it being largely based on projections of what companies will do. Projections are essentially guesses about a company's future. Warren says to take what the Market says with a grain of salt and analyze a business yourself to see if it's really worth investing in. Think about it, there may be people participating in the stock market who are gambling, inactive, or just clueless. So, understand that the market is like a drunken uncle, and focus on really understanding the business that you are interested in investing into. 2 - Massive highs and minimal lows Warren's next theory is that the Market behaves in a particular way consistently. He says it will have extreme highs but minimal lows. This is due to investors treating the stock market like gambling at times. Instead of being rational, they often invest according to emotion. Warren says to be aware of the tendency for stocks to be extremely overvalued and to use that knowledge to your advantage when investing. So, when you see a stock climbing and climbing, consider that it may be inflating beyond what its really worth. 3 - Look for a competitive advantage Warren says to look for a company with a competitive advantage when deciding when to invest in them. A competitive advantage is a business term used to describe a strength of a company that allows it to be successful. A company could have a great image, customer support, economies of scale, or another strength that makes it hard for other companies to overtake them. This point relates back to the first one. Instead of only relying on the Market to understand a company's worth, Warren says to look closely into the business to understand what its future really holds. Competitive advantages like these are what makes Warren choose to invest in certain companies, because he knows they are strongly positioned to be successful into the future.

4 Things Successful People Do Everyday Successful people share some essential qualities. They are passionate about what they do, and they are willing to work hard to achieve their goals. They also have the ability to persevere in the face of setbacks, and they never give up on their dreams. In addition, successful people are always learning and growing, constantly striving to improve themselves. This video will discuss 4 things successful people do every day to create and maintain their status. 1- Strive to be productive Productivity and busyness are often used interchangeably, but they aren't the same thing. Being productive means using your time efficiently to achieve specific goals. It's about working smarter, not necessarily harder. On the other hand, busyness is simply being engaged in a lot of activity without necessarily accomplishing anything meaningful. It's possible to be both productive and busy, but it's also possible to be busy without being productive. A lot of people mistakenly believe that being constantly busy is the same as being productive, but that's not always the case. It's important to learn the difference so that you can make the most of your time. 2- Have S.M.A.R.T. goals Many people find that setting goals is a helpful way to stay on track and motivated. However, not all goals are equally effective. To maximize your chances of success, it is important to set s.m.a.r.t. goals. This acronym stands for Specific, Measurable, Achievable, Relevant, and Time-bound. In other words, your goals should be clear and concise, with a tangible target that you can realistically achieve within a specified timeframe. When setting s.m.a.r.t. goals, it is also important to consider your overall motivation and why this goal is relevant to you. With these factors in mind, you can set yourself up for success by choosing objectives that are both challenging and attainable. 3- Get started Taking risks can be scary, but it's also essential for achieving success. After all, no one ever accomplished anything great by playing it safe. If you want to achieve your goals, you have to be willing to take risks and step outside of your comfort zone. It may be scary at first, but once you take the leap, you'll realize that it was worth it. And even if you don't achieve your goal right away, you'll learn valuable lessons that will help you get closer to your goal. So don't be afraid to take the leap - it just might be the best decision you ever make. 4- Take care of themselves Taking care of yourself is important for your mental and physical wellbeing. It includes eating healthy foods, exercising regularly, getting enough sleep, and managing stress. When you take care of yourself, you are more likely to have the energy and vitality to do the things you enjoy and to be productive at work or school. Additionally, taking care of yourself can help prevent or manage health conditions such as heart disease, high blood pressure, diabetes, and arthritis. Even if you are not struggling with a health condition, taking care of yourself can improve your mood and reduce stress levels. When you make self-care a priority, you are investing in your future health and happiness.

#shorts Success – we all want it, but how do we get it? This video will look at the 4 things successful people do every day. 1- Strive to be productive Productivity and busyness are often used interchangeably, but they aren't the same thing. Being productive means using your time efficiently to achieve specific goals. 2- Have S.M.A.R.T. goals This acronym stands for Specific, Measurable, Achievable, Relevant, and Time-bound. In other words, your goals should be clear and concise, with a tangible target that you can realistically achieve within a specified timeframe. 3- Get started Taking risks can be scary, but it's also essential for achieving success. 4- Take care of themselves When you make self-care a priority, you are investing in your future health and happiness.

#shorts 1) Track spending 2) Pay yourself first Make sure to invest and save some of each paycheck. 3) Utilize a 401(k) 4) Pay taxes Don’t get in trouble here. There are also a number of ways to minimize your tax liability, and it is worth taking the time to learn about them. 5) Invest in stocks 6) Have an emergency fund 7) Pay-off credit cards 8) Don’t save too much Invest instead and splurge a little. 9) Pay off high-interest debt first Stop paying all that interest each month. 10) Avoid lifestyle creep 11) Have multiple credit cards This allows you to have a higher total amount of credit and avoid maxing out a card. 12) Be patient to see your work pay off and your money grow 13) Get insured to avoid catastrophic losses

#shorts Is it possible to make a million dollars in just three months? To find out, we'll use reverse engineering. We’ll ultimately try to make this goal happen by selling a business for $1,000,000. Businesses can be bought or sold at any time on websites such as Flippa.com. Businesses can sell there at a value equal to 4x their annual profit. So, in order to sell a business for $1,000,000, we’d need one that’s bringing in $250,000 per year in profit. That’s equal to almost $21,000 profit per month. Can we come up with a business that brings in 1/10th of $21,000, or $2,100 profit per month? Maybe we can find a service to sell. Next, we’ll just need to copy it nine more times, but with some kind of twist. Then we’ll have 10 businesses making $2,100 per month, or $21,000 altogether. We’ve now earned $1,000,000 in just 90 days.

For many of us, money is a difficult subject to talk about. We may not like to admit that we don't have as much savings as we'd like, or that we're struggling to make ends meet. However, money is an important part of our lives, and it's important to be honest about our finances. That's why we've put together a few money tips to help you get on the right track. In this video, we’ll cover 13 beginner money tips. 1: Track spending By knowing where your money is going, you can make adjustments to ensure that your finances are on track. This doesn't mean that you need to become a penny-pincher overnight; rather, it's about being aware of your spending patterns and making tweaks where needed. For example, if you find that you're spending too much on nights out, you might cut back on going out for drinks and instead focus on cooking at home. Or if you're shelling out too much for car repairs, you might consider trading in your car for a more reliable model. Whatever your financial goals may be, tracking your spending is a helpful way to achieve them. 2: Pay yourself first The old adage "pay yourself first" is sage advice that can help you achieve financial security. The concept is simple: each time you receive income, set aside a portion for savings and investment before paying bills or making purchases. By "paying yourself first," you prioritize your long-term financial goals over short-term spending needs. This discipline can be difficult to maintain, but it is essential for building wealth over time. One way to make it easier is to set up automatic transfers from your paycheck into a savings or investment account. This way, you'll never even see the money and you'll be less tempted to spend it. Paying yourself first may require some adjustments to your budget, but it is a proven strategy for achieving financial security. 3. Utilize a 401(k) Employees who are offered a 401(k) plan through their employer should take advantage of this benefit. A 401(k) is a retirement savings plan that allows employees to set aside money from their paycheck into a tax-deferred account. Employers may also offer to match a certain percentage of employee contributions. This employer match is essentially free money, so employees should make sure to contribute at least enough to receive the full match. Employees who are not eligible for a 401(k) should consider other retirement savings options, such as an individual retirement account (IRA). However, a 401(k) typically offers more flexible withdrawal options and lower fees than an IRA, so it is generally the better choice for employees who are eligible. 4. Pay taxes Paying taxes is a necessary part of being a responsible citizen. However, it is also important to be smart about how you pay your taxes. There are a number of ways to minimize your tax liability, and it is worth taking the time to learn about them. Some simple strategies include claiming deductions and credits that you are entitled to, and investing in tax-advantaged accounts like IRAs and 401(k)s. By taking advantage of these opportunities, you can ensure that you are paying your fair share of taxes while also keeping more of your hard-earned money. 5. Utilize the stock market Many people view the stock market as a risky investment, but with the right strategy, it can be a safe and profitable way to grow your money. One of the key benefits of investing in stocks is that it offers the potential for high returns. Over time, the stock market has consistently outperformed other investments, such as bonds and real estate. In addition, stocks are a liquid investment, which means that you can easily buy and sell shares without incurring large fees. Finally, by diversifying your portfolio across different sectors and industries, you can minimize your risk and maximize your chances of success. When done correctly, investing in stocks can be a great way to build your wealth over time. 6 . Have an emergency fund Having an emergency fund is important for many reasons. It can help you cover unexpected expenses in a pinch, and can also provide a buffer if you experience a loss of income. Additionally, having an emergency fund can help you avoid going into debt if an unexpected bill pops up. 7. Pay credit card balance There are a few key reasons to pay off your credit card balance in full every month. First, it saves you money on interest charges. When you carry a balance, you are charged interest on that balance. The higher your interest rate, the more you will pay in interest charges. Second, paying off your balance in full every month shows creditors that you are a responsible borrower. This can help you qualify for lower interest rates in the future. Finally, paying off your balance in full every month helps you avoid late fees and other penalties. These fees can add up quickly, and they can damage your credit score.

#shorts Looking for a way to make some extra cash? This video has you covered!

7 Side Hustles You Can Start in 2022 In these tough economic times, many people are looking for ways to make extra money. One option is to start a side hustle. A side hustle is a small business that you can run in your spare time, without quitting your day job. In this video, we’ll cover 7 side hustles you can start in 2022. No. 1: Rent out your vehicle Have an extra car that you don't use often? You can make some extra money by renting it out! There are a few things to keep in mind when doing this, such as making sure your car is clean and in good condition, setting a fair price, and being clear about your rental terms. You can list your car on a rental website or app, and people in your area will be able to request to rent it for a set period of time. No. 2: Freelancing There are a number of platforms that allow freelancers to find work, such as Upwork and Fiverr. And there are a variety of skills that can be monetized, from writing and editing to web development and graphic design. If you have a skill that others are willing to pay for, there’s a good chance you can find freelance work. No. 3. Affiliate Marketing With affiliate marketing, you earn a commission by promoting other people's products. That means that you can work from home and choose your own hours. In order to be successful, though, you'll need to put in some time and effort. You'll need to do some research to find good products to promote, and you'll need to build up a blog or website where you can reach potential customers. But if you're willing to put in the work, affiliate marketing can be a great way to make some extra money. No.4: Subscription website With a subscription website, you can charge users a monthly fee to access your content. This can be a great way to generate passive income, as you'll continue to receive payments as long as your users remain subscribed. In order to be successful with this model, it's important to offer high-quality content that subscribers will find valuable. You'll also need to market your site effectively in order to attract paying users. If done properly, a subscription website can be a great way to generate ongoing revenue. No. 5: Air BNB Airbnb is a platform that allows people to list their homes or rooms for rent. Guests can then browse listings and book a room for their desired dates. Hosts are responsible for maintaining their listing and ensuring that guests have a positive experience. In return, they earn money from each booking. If you're feeling generous, you can even offer discounts to guests who are traveling on a budget. So why not give it a try? You could earn some extra money and help others experience your city at the same time. No. 6: YouTube With over a billion users, YouTube is a great way to reach a large audience with your video content. There are a few different ways to make money through this platform. One is to sell advertising space on your channel. You can also include affiliate links in your videos, which means that you'll earn a commission on any sales that are generated from clicks on those links. Finally, you can also create and sell your own products through your YouTube channel. No. 7: In-Person Services There are many ways to make money with in-person services. One way is to offer your services as a consultant. This could involve helping businesses with their marketing or operations, for example. Another way to make money with in-person services is to offer your services as a tutor or teacher. This could involve giving private lessons or leading group classes. There are also opportunities to make money by providing care services, such as pet-sitting or nannying.

#shorts E-commerce brands need to focus on three areas to differentiate themselves and succeed in the digital age: user experience, web/social media performance, and effective marketing. User experience Brands must prioritize user experience when designing or revamping their e-commerce website design. User experience is essential in today's market because it sells experiences, not just products. Back-end Back-end developers play a vital role in ensuring that websites and web applications run smoothly and efficiently. They are responsible for writing code that meets high standards, troubleshooting issues, managing the hosting environment, and keeping up with the latest technologies. Marketing You need a comprehensive digital marketing strategy to be successful in ecommerce. This means attracting visitors to your website, qualifying leads, and engaging them with personalized communications across multiple channels and devices. Only then can you close the deal and maximize profits.

#shorts In this video, we'll share with you 3 of the most common habits that keep people from achieving financial success. Using credit cards Credit cards can make spending easier, but they can also lead to debt. Be careful with your credit card use to avoid financial problems down the road. Spontaneous and Impulsive Shopping Many consumers are tricked into making spontaneous purchases that they may not need. This costs them an average of $5,400 per year. Most impulse purchases are for food and groceries, clothing, or household items. Not Budgeting Budgeting is a great way to get your finances under control and save money. By setting goals and limits, you can better understand your financial situation and make more informed decisions about spending and investing. Please test out some of these methods to see if they can help you gain more wealth.

E-commerce brands need to focus on three areas to differentiate themselves and succeed in the digital age: user experience, web/social media performance, and effective marketing. Prioritizing these areas will help online retailers stay competitive and grow their business. User experience Brands must prioritize user experience when designing or revamping their e-commerce website design. User experience is essential in today's market because it sells experiences, not just products. E-commerce firms need to take a calculated approach to UX and front-end design in order to create the best user experience possible. This includes testing the quality of the experience from every angle through usability testing. Back-end Back-end developers play a vital role in ensuring that websites and web applications run smoothly and efficiently. They are responsible for writing code that meets high standards, troubleshooting issues, managing the hosting environment, and keeping up with the latest technologies. By keeping up with the latest technologies, they can ensure that websites and applications are able to take advantage of the latest advances. This allows businesses to stay ahead of their competitors and provide their customers with the best possible experience. Make sure your e-commerce site is quick and easy to use, or customers will go elsewhere. Ensure smooth navigation and responsive design to keep users happy. Investing in back-end engineering for your eCommerce platforms and websites will give you a major competitive advantage in a marketplace where time is of the essence for customers. Having all systems coordinated properly will result in a much better experience for visitors to your store. Marketing You need a comprehensive digital marketing strategy to be successful in ecommerce. This means attracting visitors to your website, qualifying leads, and engaging them with personalized communications across multiple channels and devices. Only then can you close the deal and maximize profits. A successful digital marketing strategy uses SEO, social media, and content marketing to reach and engage customers. By creating and sharing high-quality content, businesses can attract new customers and keep existing customers engaged. A well-executed digital marketing strategy can help a business boost its bottom line. Bonus tip There are a few key skills and traits that can help you be successful in starting and running an online business. First, good people skills can help you build strong relationships with customers, partners, and others in your industry. Secondly, ingenuity and creativity can help you come up with new ideas and solutions to problems. Finally, having a positive attitude and being comfortable with using the internet are both important for success in this field. If you have these qualities, then you may be well-suited for running an online business. Conclusion If you want to stay ahead of the competition in the business world, focus on these tips. You'll be sure to have a leg up on much of your competition if you follow them. Thanks for watching! Like and subscribe if you enjoyed this video so you can see more content like it in the future.

#Shorts The development of a cashless society. In 1995, I read Bill Gates' book The Road Ahead. One of the chapters discussed how we may become a cashless society, in which we could send money from one business to another and from one individual to another using a gadget we'd carry with us. Our cell phone, which is so much more than a phone, is that gadget. I just watched a street performer in New York City today. He had a sign inviting the crowd to Venmo him a tip if they didn't have cash when he "passed the hat" after his performance. The spread of the epidemic has expedited the use of cashless technologies. Businesses will increasingly accept electronic payments.

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Walmart is the largest company in the world. It was started back in the early 1960s. Walmart is known for their large retail stores but has also started offering Neighborhood Markets that stick to grocery sales, and an online platform modeled after Amazon. China Petroleum & Chemical is the second largest company in the world. As the name suggests, they provide petroleum and chemical related products. They are a huge supplier of gas and kerosene to many people throughout China. The third largest company is Amazon. Most people are probably not surprised to see Amazon on this list. Amazon got it’s start as an online bookseller, then parleyed that to be a retailer of many types of goods. Amazon is also in charge of the doorbell brand Ring and the grocer Whole Foods. Amazon also offers cloud computing. Another China oil company is next on the list. PetroChina Co operates much like China Petroleum. Next up is another familiar name, Apple. Most people know apple for their very user-friendly phones and computers. Apple has show how to be an expert in branding, with their huge following of devout fans. Apple is working on expanding their digital service offerings, such as stream-able content. A surprise on the list is CVS, the pharmacy. CVS operates many stores through the U.S. which generate lots of revenue. Next up is another company specializing in petroleum. Royal Dutch Shell stems from the Netherlands and also operates many Shell gas stations throughout the world. The also work with other chemicals to create products with the petroleum. Next is Berkshire Hathaway. They make their money by owning other companies, as well as securities. They are involved in many different sectors of business. Number 9 on the list is the popular auto maker Toyota. Toyota is from Japan and has grown its reputation of making high quality vehicles. The final company on the list is Volkswagen. Volkswagen sells more vehicles around the world than anyone else. Volkswagen owns several car brands, including their luxury brand Audi.

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It all started with the barter system. Now, consumers can make purchases from their phones using various payment methods such as credit and debit cards, PayPal, and even cryptocurrency. E-commerce continues to evolve, accommodating consumers who are always looking for a better and easier way to make purchases. This type of progress is necessary for the newer generation as they enter the market with high expectations. With the vast amount of purchase options, the current generation enters a marketplace of unlimited desires. However, to satisfy them all, their available balance is often not enough. Consequently, there has been a shift from "pay at the time of checkout" to the "Buy now Pay later" (BNPL)option. BNPL is very similar to a credit card system. Sellers can buy what they want now with less of an immediate hit to their bank accounts. BNPL is usually offered to customers without interest, as long as they make their payments on time. Giving shoppers more ways to pay ensures a business is positioning itself better to close deals. Shoppers given this convenient option have been proven as more likely to make a purchase. It is undeniable that offering BNPL is advantageous, but let's look at how it works for the consumers. A simple process is followed in BNPL. Take a customer who's purchasing a laptop, for example. They buy a laptop for $1,000 and pay 25% or $250 as the first installment payment on the day of purchase. The rest of the purchase would not be due until later, such as five months down the road. The specific payment schedule can vary depending on the purchase and the provider. The BNPL system is provided by a payment processor partner who usually holds the responsibility of following with customers to collect payments. The business itself is paid the full amount upfront. BNPL has gained popularity because it features a simple approval process, a softer credit check, and can have no fees or interest. Shoppers sometimes add items to their cart but abandon them after rethinking their current finances. The introduction of BPNL has made purchases, both large and small, more digestible. BNPL is not just reserved for relatively high-value purchases; it is being used more and more for cheaper items too. Customers are paying for everything from clothes to food delivery in installments now. The holidays are a time when BNPL particularly shines. Customers can shop for everyone on their list while still having money left over for their monthly bills. Since the approval is usually instant, consumers can also order their gifts on time for the holidays and not wait for a credit card to be mailed to them. A common mistake businesses make is not providing adequate payment opportunities to their prospective customers. Imagine a customer that is shopping for a laptop, a product that many stores offer online. If one business does not provide a payment method that works for the customer, the customer can easily leave and go somewhere else. They may choose not to shop there again and even discourage others from choosing it. Conversely, a business can give itself a competitive advantage by offering more ways to pay than its competitors, such as the BNPL method. Customers may appreciate the business's commitment to serving them and staying up to date with current trends. Through BNPL, Average Order Value and Customer Lifetime Value has been shown to increase. Average Order Value (AOV) refers to how much a customer spends on their purchase. With the offering of BNPL, customers tend to feel more comfortable spending more. This is excellent news for businesses looking to increase revenue. The Customer Lifetime Value (CLV) refers to how likely a customer remains loyal to a store. Offering BNPL has also been shown to keep customers returning again and again due to its simplicity and convenience. Compared to credit cards, BNPL offers more flexibility, customers often say. BNPL frequently doesn't make customers make payments until further down the road, such as three or five months. This is in contrast to credit cards that typically require monthly payments. BNPL also gives people who don't have a credit card a new way to make purchases. BNPL often doesn't require any hard credit check to get started, unlike a credit card, which can lower a credit score. The approval process can also be immediate for BNPL. This allows businesses to increase their chances of securing sales. Credit cards can make consumers wait to be approved. Some customers like the ability to keep things separate to stay better organized. For instance, a desk purchased using BNPL from gas and groceries purchased on a credit card. Some customers are also just looking for more credit to use. Putting purchases on BNPL frees up credit elsewhere. It's clear that BNPL has an appeal, especially to younger shoppers, and is here to stay.