Schlagwort-Archive: sell

Steem Dollars are now selling for $1.50 on Poloniex! Take advantage of this odd situation now!

bitcoinmeister63 in steemit
What is going on with the price? No time to research. This is a unique opportunity for holders of Steem dollars. They should only be around $1. Good luck. If you appreciate up to the minute cryptocurrency news like this then follow me here and on Twitter (@techbalt) and sub to my youtube channel.

https://twitter.com/TechBalt/status/856892306418434050

https://www.youtube.com/user/BaltimoreHourly/videos

EDIT: Thanks @bbkoopsta for suggesting that the crazy Tether situation might have something to do with this. Perhaps people who want a stable $1 crypto are flocking into Steem Dollars and ironically making Steem Dollars not so stable at $1 (to the way up side though!)

More Tether/Steem dollar info here:  http://https://steemit.com/tether/@acidyo/tether-vs-steem-dollars

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COIN MARKET CAP TO HIT 31 BILLION

As more people become aware of cryptocurrency and more countries look at the possibility of accepting bitcoin as a legal payment method, the confidence in this market is reflected by the amount of money that pours into it. Three months ago, the market cap had approximately 25 billion dollars. Today, the same market has matured with $30.8 billion in capital. The questions remain the same as three months ago. Where is it going from here? How far is this going?
There is nothing but excitement to see coins like DigiByte, Einsteinium, PinkCoin, etc, making their entrance into the big circus of cryptocurrencies. I know that there is more than enough room for all of them and that we will see them grow along to the Cryptocurrency Market.  By melip50  in cryptocurrency

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Ten reasons you should consider buying Bitcoin in 2017

Jodi Edmunds 
In some ways, Bitcoin is just another currency: it has an exchange rate against other currencies, it can be bought, sold and it can be used to pay for things online.

Bitcoin is taking the financial world by storm. Here are ten reasons why you should consider buying Bitcoin.

bitcoin-future-of-money

1. The price
If you look at a graph of the Bitcoin price throughout its entire existence, the overall trend shows that it has only increased.

There are many people who believe the price will go up ten, hundred or even thousand-fold in the next few years.

Nobody can predict the future price, but the momentum, increased transaction rate of people using it, banks and companies investing in and using Bitcoin are all very healthy indicators.

2. Bitcoin is global
Bitcoin knows no borders. It can easily be sent from one Bitcoin wallet to another; across the room or across an ocean.

Since it is sent peer-to-peer, there are no third parties or borders to restrict the transaction. Bitcoin can be bought and sold in local currencies in almost every country in the world.

3. Bitcoin is good for businesses
Transaction fees levied by card processors and transfer fees charged by banks for international transactions can be significantly more expensive than the small fees charged for sending Bitcoin.

For example, merchants pay between 2-6% to accept online credit card payments, with high rates of credit card fraud. These costs are passed down to the consumer.

It costs a fraction of that to process a  Bitcoin payment and the chargeback risk is zero.

4. Bitcoin is fast
It takes one to two days to receive a bank payment from a different bank and up to a week (or more) to receive an international bank transfer.

Bitcoin transactions are instantly sent and are usually confirmed in under 30 minutes, no matter where in the world they were sent to.

5. Bitcoin protects your privacy
Unlike most other payments, to complete a Bitcoin transaction you don’t need to provide any sensitive information (which can easily be stolen or abused).

When you want to receive a payment, simply provide the sender with your Bitcoin wallet address. This address is a receive-only address: you’re free to distribute it (people can only send money to it and pay you, not withdraw from it).

You don’t need to send your full name, your physical address or your credit card number when making Bitcoin payments.

6. Bitcoin is transparent
All Bitcoin transactions that have ever happened are recorded in a ledger known as the Blockchain. This makes Bitcoin a great tool to follow the exact flow of money. This, despite early incorrect press, makes Bitcoin a terrible mechanism for facilitating crime and a great one for legitimate transactions.

Note that a Bitcoin wallet’s balance and payment history are publicly available, but the identity of the wallet owner isn’t.

7. Bitcoin is irreversible
If someone uses a stolen credit card at your store, the owner of the stolen card can simply reverse the charges with their bank (a process known as a chargeback).

Chargebacks and reversals simply aren’t possible with Bitcoin.

8. Bitcoin is decentralised
Bitcoin has no centralised control: no single company, person or government owns or issues it, so there is no potential central point of failure. A distributed network of computers work together to form part of the Bitcoin network.

This means that should one part of the network go offline, for any reason, Bitcoin transactions will continue to be processed and confirmed by the remainder of the working network.

9. Bitcoin can bank the unbanked
There are many people in developing countries without access to bank accounts. Others have bank accounts but can’t make international payments.

There is a possibility that Bitcoin wallets can become easily accessible platforms for people who are currently excluded from the traditional financial world, to store and transfer money.

10. Bitcoin is separate from the global economy
Traditional currencies are printed and controlled by central banks and governments.

Bitcoin is not affected by this in any way, meaning that it is not associated with other national currencies or the stock market. Because of this, it is possible that Bitcoin could benefit from the collapse of the economy.

So, as the traditional economy continues to collapse or remain unstable, Bitcoin becomes a safer place for us to put our money.

It would make sense for anyone worried about the state of the global economy to begin buying Bitcoin.

get-started-with-luno

Global
Avatar Jodi Edmunds
AUTHOR
Jodi Edmunds

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36 Startup metrics every SaaS founder should follow up with

Bhavik Limbani in Lifestyle, IT – Information Technology, Entrepreneurs
Mobile Apps Developer • 
36 Startup metrics every SaaS founder should follow up with

Entrepreneurship is always referred to a roller-coaster ride and the fact doesn’t come without valid reasons. When you are starting up, you don’t just start with an idea where you are creating a product or service, but you are striving to create a sustainable business and there’s much more to it. You have got to evaluate the market, raise enough money, think about growth and profitability,  and most importantly gauge your own personal growth. Until and unless you are authentic about your own conviction and see it clearly coming up along the way (no matter how small it is), you might be spending a lot of useless time working hard on vague goals. It is important to track some key metrics to turn  your startup into a profitable business. These 36 startup metrics will not just help you keep a keen eye on your business but also give you a clarity of vision of the journey ahead.

Monthly Recurring Revenue (MRR)
MRR is the total revenue that your business gets from paid customers on monthly basis. It is probably the most important metric for startups which are based on subscription model. If you get a customer on board, then prices are charged on a regular basis. You should track your MRR  and always strive for it's uplift. 

Annual Recurring Revenue (ARR)
Recurring means there’s a subscription in place and customer is charged on a recurring basis rather than on one time basis. This is calculated simply by multiplying the monthly recurring value by 12. 

Note: Calculation of ARR excludes any one-time fee or upfront cost you charge from the customer during onboarding. 

Average Revenue per Account (ARPA)
It refers to the revenue that your business earns from each account typically over a month or a year. It can also be thought of as revenue earned per customer but you should remember that a customer can have more than one account. It analyses a company's revenue generation and growth at the per-unit level and thus help investors to identify which products are high or low revenue-generators. This can immensely help your business to make decisions on rolling out of future products.

Gross Profit
Gross profit is the difference between the total revenue and the costs of goods you sell. Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Total Contract Value
It is the projection of your booking value and helps you at times when you are planning your revenue or tracking the growth of your startup. It involves all the one-time and recurring charges and professional service fees but doesn't include usage charges.

Annual Contact Value (ACV)
ACV  measures the value of a contract over a 12-month period. So let’s say a customer commits to a 24-month contract of $160,000. Considering this money will be recognized as revenue ratably, you will have $80,000 as your ACV.

Lifetime Value (LV)
It is how much you expect to earn from a particular customer during the time they are involved with your business. For the profitability of your business, it is important that the CAC is always less than the LV. If CAC is far greater that LV, your business will require significant amount of capital to grow and run and that is no way desirable.

Deferred Revenue
Deferred revenue, or unearned revenue, refers to advance payments for products or services that are to be delivered in the future. It is considered as a liability for a business as it refers to revenue that’s not being earned and is still owed to a customer.

Billings
It is the total of current quarter revenue and he total of deferred revenue from the previous quarter.

Customer Acquisition Cost (CAC)
A startup's growth entirely depends on customer acquisition and of course, there's a significant amount of cost involved which you can't afford to neglect. It helps you to evaluate the efficiency of your sales process. If the metrics is not improving over time, you will quickly understand that there's a need to make few tweaks at steps to reduce cost and increase the number of customers involved with your startup.

Customer Concentration Risk
Any founder should be aware of the customer concentration risk especially if their business is dependent on top clients. It is the ratio between the size of the business’s top customers and the total revenue of the business. You may have a customer concentration risk if one or more of your customer’s total revenue for the year represents 8% or more of all your customers’ revenue for the same year.

Daily Active Users
Daily Active Users are the number of users who are active on your platform per day. This doesn’t include one-time users. 

Monthly Active Users
Monthly Active Users are the number of users who are active on your platform per month. This doesn’t include one-time users. This helps you understand how useful your product/service is and it is important in this case to take reviews from existing users for improvement.

Number of logins
As the name suggests, it is the number of users logging in to the account to use or view the product or service.

Activation Rate
It measures of the number of converts that your startup gets, i.e., how many prospects started using your product/service on a regular basis. It can be estimated when a user takes some kind of action like a sign up or a download. This is especially true for SaaS based products which generally work on a freemium model.

Month-on-Month Growth (MOM)
This is the average of monthly growth rate of your startup. Although investors like to see the compounded month-on-month growth as it helps to understand the periodic growth of your startup.

Compounded Monthly Growth Rate (CMGR)
It measures the return of an investment over a certain period of time. It takes three coefficients into consideration – investment’s beginning value, ending value and the time period. It is calculated simply by using the formula – {(ending value/beginning value) ^ Number of months} – 1

Monthly Churn Rate
Churn Rate is the measure of the percentage of subscribers who discontinue with their subscriptions within a given time period. Monthly Churn Rate tells you the total number of customers that you have lost in a particular month.

Retention by Cohort
One way to know if customers love your product is through Retention by Cohort. It is calculated as the percentage of original installed base i.e., in the first month, who are still engaging with your business.

Gross Churn Rate
It is the measure of the monthly recurring revenue that you lose in a month when subscribers or customers discontinue with your service.

Net Churn
It is calculated as – (MRR lost – MRR from upsells)this month/MRR at the beginning of the month. It is an important metrics to understand how well you resonate with your customers. It should descend over time and if it doesn't, it's time to first figure out the reasons.

Monthly Cash Burn Rate
It is the money that goes out of the door every month. This is one of the most complicated factors that many startups fail to understand and hence fail. To be successful, you are ought to keep a check on it.

Net Burn Rate
It is the difference between revenues and gross burn. This helps you determine how long you can survive, how close you are to break even and when and how you can start generating profits.

Gross Burn
It is a measure of all the cash outlays and monthly expenses that your startup incurs. If you are a startup with not much cash in hand, this is one of the most important factors that you should be concerned about.

Total Addressable Market (TAM)
It helps to measure the revenue opportunity available for a particular product or a service. If you are thinking to startup, don’t miss out on this criterion as this will help you to get an idea of your future prospects.

Annual Run Rate
Run Rate refers to the financial performance of your company based on current projections which acts as a predictor of future performance. It often says that the current condition may continue. It is extremely helpful in understanding how likely you are to hit your forecasts and capture latest market trends. It also helps to measure the performance of segments that are running within your startup for shorter periods of time.

Gross Margin
Gross margins are a measure of your operating profitability which gives the difference between revenue and cost of goods sold. Gross margin is an important metrics to understand at what stage of the curve your business is in and also shows you how effective your management and team are at driving the business. It also helps you to know how much money from sales is left over which you can invest in operating expenses.

Sell-Through Rate
Sell through rate = Number of units sold in a period/ Number of items at the beginning of the period

The calculation of the period (usually one month) is useful when comparing the sale of a product against another, or when comparing the sell through of a specific product from one month to another.

Network Effects
It is a phenomenon where a service or product gains value when more people start using it. It tells you how well you are capturing the market and how well off you are compared to your competitors.

Virality
Viral coefficient measures the organic growth of your startup. A startup usually gets started by referring to friends and family. If they like the product, the word spreads out and your customer base increases. Other prominent ways are through social media, email invitations and so on. One way to improve viral coefficient is by building incentives into your product which urges an existing user to share their experience leading to more traffic.

It is calculated as: 

Viral coefficient = Average number of invitations sent existing user x conversion rate of invitation

Net Promoter Score
It is defined as a tool which gives you an idea of how likely your customer is to recommend your product/service to a friend. It is an important metric to understand customer’s expectations and satisfaction.

Platform Risk
If you are too much dependent on a specific platform through which you promote or sell your idea/product, it may become a risk in the long run. It is important to take care of diversity so that you don’t just reach a wider customer base but also mitigate risk.

Direct Traffic
Direct traffic is the number of visits that your site gets directly and not through any intermediary. Example: Social media or some other website. Although there is no foolproof way to measure direct traffic, you can get a fair idea by looking at the traffic of landing pages.

Organic Traffic
Organic traffic is the traffic that comes to your website as a result of unpaid search results, your network effect, brand awareness, website's SEO and insightful contents for your target customers, As a founder, your aim should be  improving your SEO by setting practical goals and sharp content strategy.

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5 Brilliant Marketing Tricks

Article from Blog Freedom

The Basic rule in marketing and advertising is get to know your prospect by asking questions and listen much more than we talk. Find out what they do, what their goals are, and why they haven’t been able to reach those goals yet. Try to uncover their biggest problems and desires and understand what they think they need.

Yet, to do this we first need a Prospecting List. It’s easy to fall into a rut with online marketing. You post on Twitter or Linkedin, you send out email newsletters. Rinse and repeat. You’d like to do more on social media but you can’t justify spending hours on it every day. If that sounds like your marketing strategy, read on.

Below you’ll find a few innovative shortcuts for promoting your company. They’ve worked for others so they might work for you.

1. Go ballistic with content aggregators.
Content is king, but most of us are not royalty. Jeff Shjarback, an Internet Marketing Consultant, says every company should spend more time using content aggregators but most don’t put in the effort. He says the best approach is to write a blog post or other content, then re-publish it on multiple services–the more you post, the more the content will propagate. Here are a few to get you started: Bizsugar.com, inbound.org, scoop.it, technorati, topsy.com, digitaldoughnut.com, and justretweet.com.  For example, I own Kalatu, yet I cut and paste my content on many other sites with my links inside. Bebee is where I love to post my professional articles.  I also write about gaming, movies, food, and more.  These go to their own communities.  Make one article become twenty.

2.Post on Quora, get major media attention.
Quora is a well-known Web portal for offering your expertise. An article on Linkedin told me about an interesting tactic. It read of companies who post longer, well-written replies on Quora in hopes of getting major media attention. One example: Someone posted some tips on spying and the “article” was re-printed by Forbes. Another way to go about it: You can also post advice on Klout, then watch as your content (and company links) show up in Bing search results.

3. Follow the cascade of influence.
Everyone knows this social marketing trick: Follow the influencers. When you tweet what they say and form a relationship, they often will return the favor. Laura K. Kinoshita, the President and Client Services Director at SEO company Kinoshita Communications recommends going much further: Connect with five to 10 influencers of the influencers. She uses Nimble and Spokeo to find info about the upper echelon. She suggests finding out through social nets when they will be at a conference and make sure you are there, ready to start pitching in person. Be careful with this one: If not done well, the creepiness factor is high.

4. Offer your help, then sell your product.
Here’s an interesting tactic that will require some legwork. I suggest that you connect with those who run curated sites in your market segment. For example, if you sell a dog collar, you might look for sites that provide content about pets. But the trick is a little more subtle. You start by looking for broken links using a tool like Xenu Link Sleuth. You then offer to help fix the broken links and mention that you also sell a related product. The “helping hands” approach can form the initial relationship, but again, subtlety is key here.

5. Load up on content, get pageviews.
I love this trick because it is so aggressive. Alex Genadinik started a company called Comehike.com a few years ago. He was struggling to increase pageviews, so he decided to load up 250,000 articles related to hiking from public databases. He auto-generated the content with SEO-friendly links like “how to hike in San Francisco” and waited. The site grew quickly from that point on, due to how Google analyzes content on a site.  I have been blogging for over two years, and so I have a ton of daily new views.  This trick may speed it up.  I have not yet tried this. It was what I read on that Linkedin article.

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