Business [JUST IN: Sears is getting out of bankruptcy alive after a judge approved a plan to sell most of the company's assets to chairman Eddie Lampert for $5.2 billion...] Am I missing something? How is this allowed? Couldn’t this be construed as him machinating all this playing the long game?

So yeah I work full time. So would like to do some thing in my spare time. Maybe create something like an app or something at home somehow. Or online. Does anyone have any business ideas? Cheers , I'm in the United Kingdom. Wales ! Cheers

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How To Convert A Free User To A Premium User

Posted: 07 Feb 2019 04:24 PM PST

I was answering the question "What are the strategies to convert a free user to a premium user for a SaaS product?" and the answer became an article in itself. At the same time, it's yet another one of my core fundamentals which I think can impact someone. Below is my answer.

It's all about intent.

If your intent is to make as much money as possible as fast as possible (i.e short term), the answer is not for you. You'll do things that other guys/gurus mention such as "Provide incentive for prospects to sign up for freemium but do not provide too much value so that free version of the product is enough." — that's corny, dull and lacking a long-term vision.

Here's something that I've noticed within myself. At a point, I've realised I love some companies to the point where I feel like they're my friend. They've done so much good to me and they've been "by my side" to a point where I don't have any problem with parting with my money.

There's an emotional connection between me and them. It may sound dramatic but it's true. When I pay them I do so happily as I support their cause.

Here's the TLDR answer

Help them grow so you can grow together.

By that I mean the freemium model should offer the client the chance to grow — equality of opportunity — and if it does happen that they grow and become profitable, the SaaS starts charging based on that. In a sense, value-based pricing, or at least as much as it could get with a scalable model.

In other words, open up the doors for a lot of people and then benefit mutually from the winners.

Objection 1

But I don't want to have users on the freemium plan leeching my resources

Now here's the catch — I'd say charge the winners enough so that it'll cover the expenses for those who didn't get it yet (or leeches, because I know that might be going through your mind, especially if you're a business person).

Charge them enough so that you won't get mad when you find out about that couple of users that just sucked the benefits of your benevolence and never contributed towards your company.

Objection 2

I can't afford to offer the free plan to so many people

Here's another magnificent thing that happens when you open the doors for everyone — word of mouth is on steroids. You're on a fast track to word-of-mouth express. It's possible you might have heard this comparison before — arguably you can reach 1000 people. And one of these people knows 1000 people. That means you're a person away from a million. And two people away from a billion.

If your intent is to do good and give chances to everyone to prove themselves, within that network of a billion some of the engagements will include how nice it is that your SaaS is doing them good — whether they pay or not.

Therefore, I'm pretty confident when I say that the ARR you'll get to in 1–2 years, given the money you'll be burning initially because of the free plan (it's not the case all the time though) will be significantly bigger than the ARR you'd have by implementing the shitty tactic of

"Provide incentive for prospects to sign up for freemium but do not provide too much value so that free version of the product is enough."

Give them bloody enough if you can. Because you'll have a customer for life and some of them will become even friends. And then when they win and scale, they'll be more than happy to pay you. And I'll state it again: they'll be happy to pay you amounts of value that will cover for those on a freemium plan.

Why? Simple — you see it everywhere. Millionaires who grew up as orphans donate back to orphanages because without these houses, they couldn't have won. Most of the time it's more than just THE orphanage they grew up in. We're humans and once we accumulate resources, if the intent is good in that person, they want to help the cause. Remember what I wrote above that in my case I wanted to contribute to the company's cause?

Objection 3

I really can't afford it because I don't have the money right now — I'm bootstrapping it, hence no investments

Fair. Charge for what you do, don't offer a freemium plan or do so but only as a trial. But as soon as you're able to do what I said above, please do it.

The point is this: the more you're able to give away for free, the more it will come back to you. It won't make any sense to you unless you've experienced it yourself but maybe one single reader will simply trust it by heart and she or he will be taken far.

Here's another choice of words for sceptics: the more you're able to give to people, the more you'll be able to ask from them (eventually). Makes sense?

Some practical examples

I'll give some examples below along with a brief description. Cloud services are more prone to do so given the fact that what they offer is more fungible and is easier to be priced in a "pay as you go" model.

Dropbox — 2 GB free for anyone. Moreover, get people onboard and we'll give you more. All for free. Help me, help you.

Spotify — free music, no problem. Just ads. If you mind them (i.e. if your time is more valuable than the monthly $10), we've got you as well.

GitHub — sure, put your beloved code and creations on our platform. Open to anyone. If you're looking to do more than just a hobby, only then we'll charge you

Firebase — If your database downloads exceed 10 GB/mo, then you're pretty serious and most probably you can afford to pay for a solution. If not, however, it's fine, we'll take the risk with you. Let's see if your idea works, no problem if it doesn't. We'll swallow it.

Cloudflare (which I absolutely love by the way, even though I don't use their service) — You know what guys, we'll sell you the domains at wholesale price, we won't get any commission. And if your website is tiny, it's just a small personal website or a blog that just started, it's fine. Stay for free. Only later, when you worry about high-performance and security (which is when you're at a later stage), we'll start charging you.

MailChimp

The bottom line

Opening up the doors for everyone can go this way. One in 10,000 make it through and have a huge impact on the world, which usually is affiliated with resource gathering.

If your intent is to create a win-win environment and give equality of opportunity so that eventually the next Leonardo da Vinci will come from under your rooftop (and he won't forget that), this is a way to solve the freemium-to-premium user conversion problem.

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How to enter into cashew nut export business?

Posted: 08 Feb 2019 12:07 AM PST

India is the largest importer of raw cashew nuts and largest exporter of processed cashew nuts. To start your export business, just decide your target market to start exporting your product.

https://i.redd.it/oly7qfwgwaf21.png

Market Analysis

For market analysis, check the below pie chart.

https://i.redd.it/1zsucvohwaf21.png

From here, you can analyse that the demand for cashew nuts in various countries. You can easily check that 89% of the demand is from USA, followed by Malaysia and Dubai. You can also arrange your export order to export outside India.

Finding genuine trade counterparts

Finding the right buyer for your product is also very important as well as cumbersome task. So, you can get genuine buyers for your product here.

Arrange and Execute Export Order

Once the goods reach at dock, exporter contacts custom officer and handover the original documents like all the declarations and the checklist with the endorsement of port authority. Customs officer perform his checks which include verification of quantity of the products received. After these checks, customs officer marks the electronic shipping bill and hand over it along with the other documents to Dock Appraiser.

submitted by /u/lisagoel
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BS in Business Admin. - is it really as useless as people say?

Posted: 07 Feb 2019 11:57 PM PST

Hey all. I'm attending university and I was contemplating going ahead and getting my business administration degree. I'm currently on the accounting track, but if I take one additional class that doesn't fit with my accounting major I can graduate with a BS in Business Admin two years before I would be done with my BS in Accounting. Is it worth the extra class just so I can have a degree to work with? Is it as useless as people try to say? I have no intention of not ultimately pursuing a degree in accounting, but I am so ready to get into the workforce.

submitted by /u/aanaphora
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Posted: 07 Feb 2019 11:28 PM PST

submitted by /u/kirankarthick2019
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How to set a good rate for your clients

Posted: 07 Feb 2019 05:54 AM PST

submitted by /u/smlaccount
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Top 10 Benefits of Digital Marketing & Why Digital Marketing is a Must for Every Small Business

Posted: 07 Feb 2019 11:03 PM PST

submitted by /u/madzmediainc
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Amazon founder Jeff Bezos says National Enquirer publisher tried to extort him

Posted: 07 Feb 2019 11:02 PM PST

submitted by /u/4billlewis
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7 HR Technology Trends Set to Impact the Recruitment Process in 2019

Posted: 07 Feb 2019 10:45 PM PST

Recent transformations in the HR industry have already brought new and updated trends into practice and discarded the old-age people management systems. With artificial intelligence, social recruiting and other technology, human resource professionals have noticed a complete revolution in their work practices. In the coming future, these changes will become a common custom to be followed.

In this article, we will be talking about 7 HR Technology trends of 2019.

submitted by /u/Amruta_can
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RBI Board Meeting Deferred , Now Slated To Be Held On February 18

Posted: 07 Feb 2019 09:53 PM PST

submitted by /u/ImportantPossession6
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What products are in high demand for companies right now?

Posted: 07 Feb 2019 09:45 PM PST

Hi,

My father and I are trying to find a product to mass produce, something that companies, factories, and customers in general are in need of (e.g. plastic bags, etc.). Any suggestions?

submitted by /u/saamabdi
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30 Small Business Ideas That’ll Make You Money in 2019

Posted: 07 Feb 2019 11:00 PM PST

submitted by /u/Krishnakumar_KK
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Key Senator Warns of Dangers of Chinese Investment in 5G Networks

Posted: 07 Feb 2019 06:48 PM PST

submitted by /u/raffu280
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Masters in Business Analytics

Posted: 07 Feb 2019 06:27 PM PST

I am 23 years old, currently working in Business Development for a pretty big natural and organic spices company. I am entry level right now and am working under a top dog in the company. My position is unique because I answer to only him and we basically just team up on projects together and I do most the dirty work. I am the only person in the company with a position like this. My boss is very smart and experienced. I feel that I will learn a lot from him.

That being said, my company offers a tuition reimbursement program to pay for me to go to graduate school. I plan to go in the fall and get that degree as soon as possible. I am deciding between an MBA or a Masters in Business Analytics. I am leaning towards the MSBA solely because I think I will learn more technical skills like data management, analysis, programming, etc. that will be of value. I fear that if I go with the MBA I will just learn a lot of innovative and broad concepts. I believe I will learn a lot more on the ins and outs of business and what it takes to lead from my boss/mentor alone.

Is there still a value in an MBA or am I better off going with the MSBA?

submitted by /u/3809hawkeye
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Elizabeth Holmes joins filmmaker Alex Gibney’s parade of rogues

Posted: 07 Feb 2019 05:38 PM PST

submitted by /u/chrismunguia
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Is there a website/app that...

Posted: 07 Feb 2019 05:36 PM PST

I basically need an application that allows me to manage a team in a bracket form. For example, I could be placed at top with people under me, and people placed under them.

Basically a tournament bracket turned upwards but not for competition, just organization purposes...

Thanks !

Love,

Robby

submitted by /u/nowitsgiven
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Breaking News

Investing

Friday, February 8, 2019

Business [JUST IN: Sears is getting out of bankruptcy alive after a judge approved a plan to sell most of the company's assets to chairman Eddie Lampert for $5.2 billion...] Am I missing something? How is this allowed? Couldn’t this be construed as him machinating all this playing the long game?

Business [JUST IN: Sears is getting out of bankruptcy alive after a judge approved a plan to sell most of the company's assets to chairman Eddie Lampert for $5.2 billion...] Am I missing something? How is this allowed? Couldn’t this be construed as him machinating all this playing the long game?

Here's the TLDR answer

Objection 1

Objection 2

Objection 3

Some practical examples

The bottom line

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