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Commonly Misunderstood Facts About The Employee Retention Tax Credit
The ERC, employee retention tax credit, or employee retention credit, is a hot topic regarding business taxes. However, it is often overlooked because it originated with the PPP or Paycheck Protection Program. Additionally, as more people are talking about it, it seems that many misunderstandings have caused business owners to believe that they don't qualify for it when they do. Some of these misunderstandings stem from prior laws that have since changed, while others are based on the fact that some methods of getting ERC money are more popular than others. Additionally, there are other misunderstandings stemming from scams and confusion about the ERC. Here Are Four Common Misunderstood Facts About The Employee Retention Tax Credit Here are some frequent misconceptions regarding the ERC and the truth around them. 1. Two Eligibility Tests The most notable misconception is that a business must have a decrease in revenue to be eligible for the ERTC. This stems from the eligibility facet that states that companies must have a gross receipts decline compared to their pre-pandemic numbers to be eligible. This is one of the tests used to determine ERC eligibility and is the more popular option. However, some areas of confusion within this test include: An increase in revenue doesn't disqualify you if you still have a decrease in gross receipts. This test is based on quarters, so failing to meet it in one quarter doesn't disqualify you from others. There are multiple methods to apply a gross receipt test. PPP loan money is not included in the amount you claim for the ERC. While this is one test, there is also another. Although often overlooked, a full or partial suspension of operation due to government orders can also qualify your business without a decrease in gross receipts. Despite popular belief, you can still be eligible for the credit if you meet this requirement, even if you have an increase in revenue and do not have to shut down your business. 2. Credit Amount Employers who qualify can receive up to $7,000 per quarter per employee for the first three quarters of the year. Small businesses that opened during the COVID-19 pandemic can receive an extra $7,000 per employee. However, most companies will cap out at $21,000 per employee per year. If you have 100 employees meeting the salary requirements, you could receive $2,100,000. The ERC is refundable, which means it will be a refund credit for these employers. That means you can still write off other expenses on your taxes and get a return. That can make it more desirable than other tax credits, which must be taken immediately or forfeited. 3. PPP Loan Disqualification Another common misconception is that receiving funds through the PPP disqualifies employers from ERC eligibility. While that was initially true, recent legislation has changed this. You can now receive PPP loans and an ERC, but you cannot use the same wage money towards both programs. That means that if you take out a loan, the money from it doesn't count towards your ERC. Instead, the money that you spend on paychecks in addition to your PPP loan is what matters toward your ERC. 4. Third-Party Assistance This is more of a warning about issues that have caused concern among business owners. Due to the potential for significant credits, many scams have been established to help business owners file for ERC money. While some small businesses are qualified to help individuals analyze the ERC laws and apply them for you, there are still scams out there. If you file with third-party help, ensure your chosen company is appropriately qualified. These misunderstandings have kept many small business owners from applying for the ERC when they were eligible—small business owners who have previously missed out need to consider whether they qualify for the ERC. If you are eligible, you can receive thousands of dollars in tax credits. That can help your business recover from the recent pandemic and stay afloat amid future financially challenging times. Read Also: Five Ways an Employee Recognition Can Help Employees Perform Better The Role of Communication in Employee Retainment The Best Ways To Successfully Fund Our Dreams
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Investing In Sweat Equity: Tamara Loehr’s Winning Model
The traditional investment model is a flawed system, an old dinosaur that needs to evolve. It’s time we reevaluate the conventional wisdom surrounding investments, which is overly fixated on businesses that are already successful and tragically shortsighted when it comes to companies teetering on the edge of growth. In traditional investing, there’s an unspoken rule: the golden ticket to getting funding isn’t innovation or potential but a proven track record of making at least $10 million. This is a narrow-minded approach that does nothing more than stifle the very heart of our economy—small businesses. Introducing sweat equity Eight-figure entrepreneur, growth mentor, and innovative investor Tamara Loehr (www.tamaraloehr.com) bring a breath of fresh air to the world of investing. She’s not your usual investor who waits for businesses to reach millions before swooping in. Instead, she actively seeks out businesses with potential and partners with them by investing her expertise and services to help them achieve growth and significant returns. She calls this sweat equity investment, a unique model that’s a game-changer for businesses. Tamara doesn’t merely provide financial backup; she rolls up her sleeves and brings a wealth of expertise, strategic vision, and creative solutions to the table. It’s a holistic approach that not only increases the likelihood of success for the businesses she invests in but also amplifies the potential returns for both the entrepreneur and herself. By focusing on small businesses and collaborating with them closely, Tamara is paving the way for a new era of investing that champions small businesses and fosters a more inclusive and dynamic business landscape. What is sweat equity? Sweat equity is a unique investment model where investors exchange their expertise, resources, and time for equity in a business. Tamara came up with this innovative approach to investing after seeing how traditional methods often left entrepreneurs struggling to repay loans or lose equity in their businesses. In this model, instead of investing cash, investors offer services to companies in exchange for a stake in their business. It's a win-win situation for both parties, as businesses receive the much-needed resources to grow, while investors gain a stake in a growing business. Why sweat equity works Sweat equity investment offers a unique and innovative approach to investing that can provide a range of benefits for both investors and entrepreneurs. If you're a creative investor looking to explore new investment opportunities, sweat equity investment is worth considering. Entrepreneurial access to expertise One of the key advantages of the sweat equity investment model is the access to expertise it provides to entrepreneurs. Founders have a strong vision and passion for their business but may lack skills or experience in areas such as finance, marketing, or operations. By partnering with a sweat equity investor with expertise in these areas, businesses can leverage this knowledge and experience so they can succeed faster. Sweat equity investors like Tamara are experienced business owners who have a track record of building and scaling successful companies. They are looking for new investment opportunities that align with their expertise and interests and are willing to offer their skills in exchange for equity. This type of partnership allows entrepreneurs to access the expertise they may not be able to afford to hire on their own. Entrepreneurs also gain access to an investor’s connections. These investors often have a vast network of contacts that can be beneficial to the business, including suppliers, customers, and other professionals in the industry. Sweat equity investors also have a vested interest in the success of their investments. They are not just passive investors but active partners who are invested in helping their partners achieve their goals. This means that they are likely to be more involved in the day-to-day operations of the business, offering guidance and advice as needed. Capital conservation Instead of pouring all their capital into hiring consultants or buying equipment, businesses exchange equity for the expertise and resources they need. This approach can be particularly useful for startups and small businesses that may have limited financial resources. When entrepreneurs team up with sweat equity investors, they’re essentially receiving support and guidance in exchange for equity. By doing so, they’re preserving capital and freeing up funds that can be reinvested in other areas of their business. This can be a game-changer, especially in the early stages of the business when cash flow is often a major challenge. The value of sweat equity extends far beyond the immediate financial gain. Entrepreneurs gain access to experts who are invested in the success of their business and who can help build and grow the company over time. By leveraging sweat equity, they’re setting themselves up for long-term success and sustainability. Risk mitigation When it comes to investing, risk is always a factor to consider. However, the risk can be mitigated with sweat equity investments. Investors and entrepreneurs share the risks of a sweat equity investment, thereby reducing the financial burden of starting, growing, and investing in a business. This shared-risk approach provides a safety net for entrepreneurs who may not have the financial resources to weather unexpected expenses or a downturn in the business. And because the investor is a partner and has a vested interest in the success of the business, they are more willing to provide support during difficult times. Overall, the risk-sharing associated with the sweat equity model can help entrepreneurs avoid bankruptcy or failure and increase their chances of success. Long-term commitment One of the most compelling reasons for exploring sweat equity investment is the long-term commitment it demands from both the entrepreneur and the investor. In a traditional investment model, investors are primarily focused on achieving financial returns and may not have a vested interest in the long-term success of the business. With sweat equity investment, both parties have a shared interest in the success of the business. The investor is contributing not just financial resources, but also expertise and guidance, which makes them invested in the company's future. This commitment from the investor can provide stability and security for the entrepreneur, who has a partner who is as committed to the business's success as they are. This shared commitment also means that both parties are willing to work together through challenges and changes, adapting and evolving as needed. In essence, sweat equity investment creates a partnership based on a mutual commitment to the business's long-term success. This long-term commitment is especially valuable for creative investors who are looking to invest in innovative, high-potential businesses. They have the opportunity to be part of something they believe in and help guide the company toward its full potential. Credibility booster Sweat equity investment is not just a way to conserve capital or mitigate risk, but also a chance to enhance an entrepreneur’s credibility. Customers and investors are more likely to do business with a company that has an experienced partner behind it. This type of partnership can lead to a reputation boost that ultimately results in more opportunities for growth and expansion. Aligned goals With sweat equity, the investor becomes a stakeholder in the business and has a personal interest in seeing it succeed. This shared interest ensures that both parties are working towards the same objectives and helps create a more collaborative and supportive relationship. When investors are only focused on financial returns, there can often be a misalignment of priorities with the entrepreneur. This misalignment can lead to conflict, mistrust, and a breakdown in the working relationship. With sweat equity, however, both parties have a vested interest in the success of the business. This shared interest can foster a strong sense of trust and cooperation between the two parties. Also, when the investor is invested in the long-term success of the business, they are more likely to stick around and provide ongoing support and guidance to the entrepreneur. This can help the entrepreneur navigate the challenges of growing a business and accelerate the path to success. Value-added mentorship One of the key benefits of the sweat equity investment model is the personalized mentorship that investors inevitably provide to entrepreneurs. For many entrepreneurs, starting a business can be overwhelming, and they may lack the necessary experience in certain areas of the business. This is where mentoring by a sweat equity investor becomes crucial. With their guidance and support, the entrepreneur can avoid costly mistakes and take the right steps to grow their business. The mentorship also provides entrepreneurs with an outside perspective and a fresh set of eyes. This can help identify areas of improvement and opportunities for growth that may have gone unnoticed. Through regular communication, investors can hold entrepreneurs accountable and help them stay on track with their goals. Ultimately, mentoring is a win-win situation for both parties. The entrepreneur gains valuable insights and guidance, while the investor can contribute to the growth and success of the business. With the right mentorship, entrepreneurs can take their businesses to the next level and achieve long-term success. Takeaway Sweat equity is a game-changing investment model that provides a host of benefits to both investors and entrepreneurs. Tamara’s approach, which focuses on creating a long-term relationship between the investor and the entrepreneur, allows for a unique level of collaboration and expertise-sharing that traditional investment models cannot provide. Not only does sweat equity offer a way for entrepreneurs to conserve capital and mitigate risk, but it also leads to an alignment of goals between business and investor. As an investor, it's essential to explore this innovative approach to investing and consider incorporating it into your investment strategy. By doing so, you’re not only investing in a business but in the potential growth and success of the entrepreneur themselves. Read Also: A Beginners Guide to Listed Investment Companies How to Successfully Turn Around Struggling Companies Is Investment Managers A Good Career Path In 2021?
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Different US Business Sectors To Consider Investing In
If you're looking to invest in US businesses, it's essential to consider the different sectors that make up the economy. Each industry has unique strengths and opportunities, from agriculture to manufacturing to healthcare and technology. It is a good idea to go for the less common sectors as there is much less competition within the market, leading to increased profits and higher returns, especially if you find a market with a large audience. This post will look closely at a few top business sectors to consider investing in. If you're looking to buy a business in the US, here are some sectors to consider. 1. Laundromats The laundry industry is estimated to be a $2.68 billion market in the US, making it an attractive option for investors. Investing in a laundromat with low start-up costs and high returns can be a great way to turn your money into passive income. If you want to buy a laundromat, here is a guide to help you. 2. Food Trucks Food trucks have become increasingly popular over the past few years, and the market is estimated to be over $4 billion. With low overhead costs, food trucks are relatively easy to operate and can generate high returns for those who invest in them. To get started, all you need to do is get the necessary permits, spend around $1,000 on a truck, and get ready to get rolling. 3. Online Tutoring With the increasing use of technology and the availability of online education, online tutoring has become a lucrative business venture in the US, especially for English speakers. The market for online tutoring services is expected to reach nearly $21 billion annually by 2030, and the demand for English teachers is growing. This growth makes it an attractive option for investors looking to capitalize on the growing demand for virtual tutoring. 4. Home Renovation Services The surging popularity of home improvement services indicates that opting for a home repair franchise can be a wise decision. Investing in a home services franchise presents an enticing opportunity, considering the increasing number of individuals who prefer upgrading their current residences rather than purchasing a new house. By 2028 the current market of over $300 billion will increase and is expected to continue rising. By venturing into this industry, you position yourself to attract a substantial clientele eagerly seeking your exceptional services for many years to come. 5. Senior Care Services With the aging population in the US, senior care services are becoming increasingly popular and profitable in many areas of the country. The senior care industry is estimated to be worth around $61.1 billion in the US and is expected to continue to expand as the population of seniors grows. Investing in senior care services is an excellent way to generate long-term income, but the start-up costs are high, with an average care home costing $160 per square foot. 6. Life Coaching Life coaching has become a popular business venture in the US and is estimated to be worth around $2 billion. Investing in a life coaching business can be a great way to capitalize on the increasing demand for personal development advice and services and the rising trend of people seeking professional help when it comes to achieving their goals. Conclusion Investing in US businesses can be a great way to generate returns, but it's essential to consider the different sectors that make up the economy. From laundromats and food trucks to online tutoring and senior care services, there are many opportunities within various business sectors for investors looking to reap the rewards. In this post, we discussed some of the top niche business sectors you should consider investing in if you're considering buying a business in the US. With careful research into each industry, you may find an investment yielding high returns and passive income over time. Strapline: If you're looking to invest in US businesses, it can be a good idea to go for less common sectors as there is much less competition within the market. This concept can lead to increased profits and higher returns, especially if you find a market with a large audience. Read Also: Corporate Hackathon: Benefits To The Employees Master’s In Business Analytics: Is It Worth The Effort? Your Business Needs Marketing To Survive – Here’s Why
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Cam Crawford Of CCU And Myrtle Beach, SC – Horry Councilman
Councilman Cam Crawford has done much for Horry County Council since 2017. He works hard to protect constituents' safety, facilitate business growth and keep Horry County moving forward. As an upstanding neighbor and resident, Cam’s got a lot going for him and has put a lot into the county of Horry over his career, so let’s take a closer look at some of his positions and actions. Who Is Horry City Councilman Cam Crawford? Cam is a native of Horry County and a proud Coastal Carolina University alum who strives to work on behalf of his fellow county residents in every way he can. Since 2015 he has served on Horry County Council (https://www.horrycountysc.gov/county-council) and remains active in local politics to this day. One of Cam's key issues has been making sure Myrtle Beach has enough police officers on the streets in order to maintain peace. With hundreds of thousands of tourists flocking each year to Myrtle Beach and elsewhere, peace of mind for visitors should always be possible when walking the streets or anywhere else within its boundaries. Cam has taken an interest in advocating for adequate school funding in his district - something which he feels strongly about as part of keeping communities strong and well. At Horry County Council, he has become an outspoken supporter of federal grant money received for flood mitigation. He frequently communicates to local media the importance of these funds being properly utilized; as part of keeping Horry County an attractive place to reside. Public Safety Public safety is an integral component of daily life, and Cam takes great concern in this realm as it ensures that his friends, neighbors, and people of the state of South Carolina can feel secure in their community, workplace, and daily activities - without it, you could put yourself or others at risk of serious harm or even death. Public safety concerns for any city, county, or regional jurisdiction include crime (from misdemeanors to felonies), structure fires, conflagrations, medical emergencies, mass casualty incidents, disasters, terrorism, and any number of concerns that arise - regardless of which issue arises - the goal is public safety. As said before, Cam prioritizes public safety as an integral aspect of his daily work, constantly considering ways to enhance life quality in his community and combat crime. He is an active leader in his community and has collaborated with other leaders to devise new approaches to combating crime. One such strategy involves increasing BPD foot and bike patrols in neighborhoods, making it easier for residents to work with police, and using technology, like red light cameras, to combat it. He also spearheaded the establishment of the monthly Community Police Forum, where citizens can share feedback about crimes they've seen in their neighborhood or make suggestions on how the BPD can better serve them. He made sure to meet regularly with citizens to listen to their concerns and offer solutions they could implement to deal with any problems that arose. Horry has become safer due to his public safety work. He believes that when people feel safe, they're more likely to become productive citizens who contribute positively and participate in society - particularly young people, who must learn how to be responsible citizens without engaging in illegal activity. Education Horry County boasts a sizable student population, and Councilman Cam Crawford hopes to facilitate greater interaction between these students and his City. He plans on implementing "Learn Here Earn Here", in which recent college and university graduates from nearby institutions could be offered incentives for staying local and hiring local residents; additionally, a grant program would be established specifically to encourage new start-up businesses founded by residents in Horry County. Cam is actively engaged with many local organizations as the leader of a community action agency, such as the Covington Business Association, St. Tammany Chamber of Commerce, Maritime Pilots Institute, and the City of Covington's Mayor's Council on Healthy Lifestyles. In addition to serving on Leadership St. Tammany Board as well as FBI Citizens Academy membership. Transportation Councilman Cam Crawford has worked hard as part of the Horry County Transportation Authority Board on several transportation initiatives, such as creating a bike path from downtown to Horry-Georgetown Technical College and to the beach. He spearheads Project CART, offering free rides to medical appointments and services throughout the county. He serves as co-chair of the County's Strategic Economic Plan and actively engages in economic development, business retention, and transportation projects across the region. Proud of serving his community he lives in District B with his wife and five children; is currently chairing two Council Committees Public Safety & Economic Development as well as Chamber of Commerce membership among numerous others. Economic Development Cam strongly believes economic development is one of the best strategies for revitalizing an area's economy, something obviously very important to South Carolina as a whole. Not only that, but Cam Crawford Horry Councilman takes great pride in serving his community and works to bring new businesses, jobs, and opportunities to the entire country. His interest in this field stems from both his education at Coastal Carolina University and his experience running local businesses. Furthermore, he hopes to improve programs designed to reintegrate former prisoners back into society. This is especially important as the inmate populations across the United States continue to climb amid economic uncertainties. Wildlife Horry Councilman Cam Crawford has dedicated his life to serving his home community of Horry County through public service and local politics. He wishes for its continual growth and development into the future. Horry County is very lucky to have him as their representative, who has done an exceptional job as a public servant and worked hard towards making their community safe and healthy for its inhabitants. He strongly advocates for using No-Kill as an approach to solving shelter issues at Horry County's shelter, saving taxpayers’ money while simultaneously saving healthy animals in its care. Cam takes an active role in safeguarding wildlife in his area, holding seminars about alligator living conditions as well as informing citizens on local laws and regulations applicable to such creatures. Read Also: How to Register Your Company in China Fast How To Grow Your Hospice Business In 5 Easy Steps How You Can Invest In Your Small Business
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What Is A Commercial Leasing Agent?
A commercial leasing agent is a professional responsible for finding tenants for commercial properties and negotiating lease agreements on behalf of the property owner. The retail leasing agent may work for a property management company, a real estate company, or an independent contractor. They are responsible for marketing the property to potential tenants, showing it to interested parties, and negotiating the lease terms. They may also be involved in the management of the property after the lease has been signed, including collecting rent and handling maintenance issues. Commercial leasing agents play a vital role in the real estate industry by helping owners find suitable tenants for their commercial properties. These professionals are responsible for marketing the property to potential tenants, showing the property to interested parties, and negotiating the lease terms. One of the primary duties of a commercial leasing agent is to market the property to potential tenants effectively. This may involve creating advertising materials, such as flyers or brochures, and placing ads in various media outlets. They may also use their contacts in the real estate industry to find potential tenants. In addition to marketing the property, commercial leasing agents are also responsible for showing the property to interested parties. This may involve conducting property tours, answering questions about the property, and highlighting its features and benefits. Once a potential tenant has expressed interest in leasing the property, the commercial leasing agent is responsible for negotiating the lease terms. This may involve discussing the length of the lease, the amount of rent that will be paid, and any other terms or conditions of the agreement. The commercial leasing agent must be skilled at negotiating and able to advocate for the interests of both the property owner and the tenant. In some cases, commercial leasing agents may also be involved in the management of the property after the lease has been signed. This may include collecting rent payments, handling maintenance issues, and communicating with the tenant as needed. Overall, commercial leasing agents are crucial in helping property owners find suitable tenants for their commercial properties. They are responsible for marketing the property, showing it to potential tenants, and negotiating the lease terms. Their expertise and skills help ensure the property owner and the tenant are satisfied with the leasing arrangement. How To Become A Commercial Leasing Agent? To become a commercial leasing agent, you will typically need to have a high school diploma or equivalent and complete some form of training or education in real estate. Some states may also require you to be licensed as a real estate agent to work as a commercial leasing agent. Here are some steps you can follow to become a commercial leasing agent: Complete A High School Diploma Or Equivalent Most commercial leasing agents will have a high school diploma or equivalent as a minimum educational requirement. Consider Earning A College Degree In A Related Field While it is not always necessary, some employers may prefer to hire candidates who have a college degree, particularly in an area such as business or real estate. Obtain A Real Estate License. Depending on the state in which you live, you may need to be licensed as a real estate agent to work as a commercial leasing agent. To obtain a license, you will typically need to complete a certain number of hours of real estate education and pass a licensing exam. Gain Experience In The Field While you can start your career as a commercial leasing agent with little or no experience, gaining experience in the field can be beneficial before starting in this role. This might involve working as a real estate agent or in a related field, such as property management or sales. Build A Network Of Contacts In The Real Estate Industry As a commercial leasing agent, you must be able to market properties and find potential tenants. Building a network of contacts in the real estate industry can help you to find leads and learn about new properties that may be available for lease. Consider Obtaining Additional Certifications Or Training Some commercial leasing agents obtain other certifications or training to enhance their skills and knowledge in the field. For example, consider earning a Certified Commercial Investment Member (CCIM) designation or completing a course in property management. Commercial leasing agents are professionals responsible for finding tenants for commercial properties and negotiating lease agreements on behalf of the property owner. They are skilled at marketing properties, showing them to potential tenants, and negotiating the lease terms Commercial leasing agents may work for a property management company, a real estate company, or as independent contractors. They may also be involved in the management of the property after the lease has been signed, including collecting rent and handling maintenance issues. To become a commercial leasing agent, you typically need a high school diploma or equivalent and may need to be licensed as a real estate agent. Gaining experience in the field and building a network of contacts in the real estate industry can also be beneficial. Additionals: What Is Property AR? Benefits of Investing in City Centre Property 7 Tips To Purchase A Prime Real Estate Property
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Crypto Staking: Locking Up Crypto Holdings To Earn Interest
Staking cryptocurrency is a growing trend since it allows individuals to generate passive income from their existing cryptocurrency holdings. Making money in the crypto space can be done in several ways. You can join in DeFi and stake your cryptocurrencies, acquire and keep coins with the expectation of price appreciation, or trade on price speculation via crypto CFDs. In this post, we will define staking and walk you through the steps necessary to begin staking your own coins. What Is Crypto Staking? How Does Staking In Crypto Work? By "locking up" assets to maintain the integrity of a cryptocurrency network, "staking" allows users to receive a passive income from their cryptocurrency holdings without ever having to sell their coins. Investing in cryptocurrency through staking is equivalent to putting money into a high-interest savings account. Staking allows cryptocurrency networks to obtain consensus on the status of transactions via a proof of stake mechanism, with the tokens themselves acting as a kind of internal security rather than the computer power and electricity consumed by the network. This is demonstrated by the success of proof-of-stake cryptocurrencies like Cardano, Solana, and Polkadot in the cryptocurrency market. These networks are able to process a high volume of transactions with low transaction fees because of the various staking mechanisms they employ. Blockchain infrastructures benefit from this because they become more adaptable, affordable to users, and eco-friendly. Besides improving cryptocurrency's safety, scalability, and efficiency, staking lets its owners make passive revenue. To maximize their returns, many long-term holders are taking advantage of staking rewards. Staking, however, has some negatives, such as a reduced ability to sell assets swiftly in the event of a market downturn. The network chooses validators according to the number and age of tokens they have staked. Staking more tokens for a longer period of time increases the likelihood of getting chosen as a validator. Users that have a lesser portion of tokens have a decreased likelihood of contributing to the network's security and earning incentives as a result of their participation. Because of this, users with a lower stake make use of staking pools so that they can take part in the network. Staking Pool Definition To increase their chances of being chosen to validate blocks and receive block rewards, cryptocurrency network users can form staking pools by pooling their funds with other users. Those who have stakes in the pool receive a proportional share of the block reward based on the sum of stakes they own. Staking pools, therefore, often result in lower payouts than individual staking. In contrast to the reliable and predictable payouts from staking pools, solo staking involves a significant investment in the crypto network. Operators of staking pools, typically cryptocurrency exchanges, are in charge of maintaining the network's validator nodes. Participants in the pool are obligated to store their funds at a predetermined public blockchain address. The pool has a nominal price for this convenience. Other options enable users to stake money from their wallets directly into pools. Cold staking is one method that allows users to participate in pools while still using their hardware wallet. Users who don't feel comfortable managing and running their own node but still want to contribute to the security of the cryptocurrency network can do so through staking pools. Why Is Staking Limited To Some Cryptocurrencies? Whether or not a cryptocurrency network supports staking depends on the consensus process used. Many cryptocurrencies, including Bitcoin and Litecoin, are not stackable because of the consensus method they employ. The double-spending issue that plagued early attempts with digital currency is resolved by crypto networks thanks to their consensus processes. These consensus procedures are resilient in the face of opposition because of the careful economics they employ. The economics of the first cryptocurrency networks relied on mining, the mechanism through which nodes competed to solve cryptographic challenges with computational power. Tokens and transaction fees are awarded to the node that verifies the right set of transactions and solves the cryptographic issue first. Bitcoin mining has come under fire due to concerns over its impact on the world's energy supply. Later, in 2012, Peercoin's developer presented the notion of staking as a solution to the problems with the proof of work consensus mechanism. By risking their tokens, nodes demonstrate their support for the right set of transactions without having to solve complicated cryptographic challenges. Staking is only possible in cryptocurrencies because only they use this particular consensus methodology. However, in order to attain consensus, several cryptocurrencies use a hybrid approach, combining proof of stake with proof of work. Bitcoin and Litecoin are examples of very straightforward cryptocurrency networks that can function adequately using proof of work. Moreover, proof of work is notoriously time-consuming and expensive, making it unsuitable for use in cryptocurrency networks like Ethereum. How Are Crypto Staking Rewards Calculated? Crypto staking calculators are utilized to determine the value of staking incentives. These calculators provide you with an estimate of the amount of interest you will get after the investment period has passed. Calculators work with the number of tokens invested, the annual percentage yield, and the length of time the tokens are held. Be sure to do the math on the potential winnings from your bets before you place them so that you can pick the solution that works best with your goals. What Are The Benefits Of Crypto Staking? As is the case with all different kinds of investments, there are potential downsides as well as potential upsides. Find out more about the benefits of staking cryptocurrency below: It validates financial transactions with a little amount of energy consumption. A cryptocurrency network can have its own internal security without having to rely on third-party hardware. Provides customers with the ability to generate passive income from their cryptocurrency holdings. It contributes to increasing the scalability of cryptocurrency networks. Provides an incentive for users to contribute to the safety of blockchains by reducing the required investment in their tokens. Is Staking Crypto Safe? There is some risk involved in staking, despite the fact that it is a revolutionary and relatively simple technique to generate passive income from your crypto holdings. Before staking their coins, investors need to be aware of certain risks, including the following: Low Liquidity When staking cryptocurrencies with a lesser market cap than Bitcoin or Ethereum, users frequently run the danger of being unable to sell their tokens once the staking time has ended. Choose a cryptocurrency that has a high level of liquid market activity and one that supports staking in order to reduce the impact of this risk. Lockup Periods Users will not be able to access their tokens while they are participating in the staking process since several staking protocols have lockup periods. You will not be able to sell the staked token in order to reduce your losses in the event of a personal financial crisis or if there is a significant reduction in the value of the staked token. Alternatively, you may have to pay a high price to get at your tokens, reducing the number of tokens you have staked. Staking tokens without lockup periods is one way to deal with this. Validator Limitation In order to enhance their likelihood of successfully validating blocks, certain protocols mandate that validators keep their nodes online and operational at all times. In addition, validators need to exercise extreme caution whenever they operate a node. If validators make a mistake and include invalid transactions by accident or if they default by going offline, they run the risk of having their staked tokens wiped out, which could include the tokens of individuals who are associated with that node. Protect yourself from this by either becoming a validator by learning how to host a node or by staking your tokens with a trusted staking pool. Conclusion If you have cryptocurrency that you may stake and you do not have any immediate plans to trade it, then you should consider staking it. You won't have to put in any effort at all, but your cryptocurrency holdings will grow as a result. What happens if you don't currently possess any cryptocurrency that you can stake? Researching cryptocurrencies that support staking is something you should do because of the potential returns. There are many platforms that provide this service; nonetheless, it is important to determine whether or not each cryptocurrency represents a sound financial investment. You should only buy a cryptocurrency with the intention of staking it if you are also convinced that it is a suitable long-term investment. The proof-of-stake system has proved useful, not just for cryptocurrencies but also for investors in crypto assets. Proof of stake is a method that can be utilized by cryptocurrencies to facilitate the processing of a high volume of transactions with a low associated cost. Since you now have a better understanding of staking, you can begin looking into cryptocurrencies that have this feature. Read Also: Why Entrepreneurs Should Pay Attention To Cryptocurrencies In 2021 Is 2021 The Most Critical Year For Bitcoin And Other Cryptocurrencies? The Future Of Digital Currencies: 7 Things We Can Expect In 2022
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Top 3 Dropshipping Marketplaces: Pros And Cons Of Each
Dropshipping is a trendy business model that has already attracted about 78% of retailers in the USA that implements some form of it; the market is going to reach $240 billion in 2023. The main difference to the standard sales model is that dropshipping is an e-commerce business model that shifts all production and delivery responsibilities to the Supplier or Manufacturer. At the same time, a Dropshipper is responsible only for the online store. After a drop shipper finds a trustworthy supplier, his main task is organizing an online store. The online store can be created on a relevant marketplace or a separate web resource. In each case, it should be prepared with all information, including pictures or videos of the sold goods and possibilities to make an order for Customers. This article is aimed at marketplaces, which one to choose for dropshipping for placing your online store. Marketplaces also can be used for searching for suppliers and manufacturers. Main Requirements For Dropshipping Marketplaces The main value of drop shipper work is an online store. Customers first choose the website for order and with high competition of Internet proposals, attracting customers to visit and stay on your website is essential. Marketplaces are perfect e-commerce platforms for beginners as they have many tutorials and advice on starting a dropshipping store. It is recommended to choose a dropshipping marketplace based on the following parameters. The fee for launching your website; User-friendly navigation with all required plugins; Customer traffic for your chosen niche; Possibility to use software for listing, design templates, order fulfillment, and delivery tracking; Integration with other marketplaces for easy creation of product descriptions; Integration with website builders or content management systems (CMS); 24/7 technical support. Top 3 Dropshipping Marketplaces Based on the described parameters, the top 3 dropshipping marketplaces are listed below. You can place your products on all three to find your audience or choose the one suiting your requirements. eBay eBay is one of the biggest marketplaces where you can buy everything except tobacco, alcohol, lottery tickets, and other goods. The most popular categories are face masks, smartphones, men's accessories, and video games. With dropshipping on eBay, you can access its massive auditory without effective marketing campaigns. Their auction site attracts thousands of customers. This marketplace is recommended for small dropshipping companies starting the business, as they propose fewer investments. All subscription plans are based on the insertion fee with a limitation of listings, a fee after the transaction based on the sale price, and a fee per order. The basic store fee with 250 listings is $21.95. You can find more detailed information regarding fees and requirements for setting up the store in this guide. Pros ● eBay does not require to have storage of goods for selling ● Plenty of applications are available for automatization and setting up the store ● Marketing campaigns are not required in the initial stage of setting up the online store ● Possibility for easy business expansion ● Easy to get started ● eBay has a lot of tools for marketing campaigns Cons ● Strict dropshipping rules ● Difficult to find a supplier fulfilling all eBay requirements ● To be rated as a reliable seller on eBay, you need to have already positive reviews and a proven sales record ● eBay does not allow to drop ship from other marketplaces ● Intensive competition Shopify Shopify is one of the most popular dropshipping platforms hosting 500.000 e-commerce stores worldwide. To start selling there, you need to pay a basic subscription for $29 for a domain name, the quantity of sold goods, and additional features (such as gift cards or reports). Plus, you must pay 30 cents per transaction for each tariff plan. For beginners, you can choose a 14-day free subscription. However, with growing your business, you need to change subscriptions to other plans to increase staff accounts and inventory locations. You should pay additional expenses for customization and automatization; most of the required applications are not free. But the paid money is worth it; numerous apps for setting up the online store with fully customizable themes exist. In addition, many marketing tools are available for Shopify to start selling as quickly as possible. Pros ● Availability of different tariff plans starting from $29 ● User-friendly interface with prefilled pages ● Integration with most dropshipping apps (Oberlo, MXED, Spocket) ● 24/7 email, phone, and chat support ● A large community of drop shippers using Shopify ● 14 days free trial ● Quick set up of an e-commerce store Cons ● The advanced package is expensive $229 ● High competition ● In addition to a subscription, you need to pay for each transaction WooCommerce Five million people already use this plugin, and you can also dropship there. It has a special WooCommerce Dropshipping application to manage all activities from there. You can quickly start your online store there, even alone. WooCommerce recommends using WordPress plugins and extensions for setting up the website. WooCommerce does not recommend dropshipping from eBay or Amazon, as you will meet massive competition with the same goods on this platform. The possible suppliers could be found on Amazon, SaleHoo, or simply in Google. The WooCommerce plugin is available for free, but you need to pay commissions for a domain, host, extensions, and security. Unfortunately, to set up the store, you need time from days to weeks, as you need to install all required applications and go through the delivery policy. Pros ● Many apps and plugins are available for website creation and automatization ● The WooCommerce fee depends on your business capabilities and needs ● WooCommerce supports all payment methods ● Market integration with all leading platforms ● The store design is executed through a WordPress plugin ● Open-source software and fully customizable Cons ● Tools are required to set up the store (WordPress, WooCommerce Dropshipping, WooCommerce Lead Time, etc.) ● Requires significant time for setting up the store ● You need to have skills Conclusion The marketplaces help to simplify the creation of an e-commerce store, but all work for its marketing and maintenance you should keep to yourself. Do not forget about SEO campaigns, advertisements in social networks, email campaigns, and other tools to attract your targeted audience. If you, in addition to the product description, add to your helpful website information, research, or comparisons of why your products are good, this will significantly increase the value of your goods. Proper supplier is another milestone for your business, but you must check the Supplier based on the desired marketplace requirements. Finally, marketplaces are significant helpers in setting up a business for newcomers, especially Shopify, WooCommerce, or eBay. They have all the tools for easy creation of the business process and start selling online. But you need to pay subscription fees and purchase applications for proper customization. Read Also: How To Get Product Ideas For Your Ecommerce Business Strategies For Running A Pet Supply E-commerce Store Recognizing How Important Inventory Management Is To Your E-commerce Store
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Can I Convert My 401k To A Gold IRA?
Retirement might seem like a long way away for a lot of us out there. Truthfully, it’s easy to want to put that sort of thing off and not have to worry about saving for it right now. However, this is typically not going to be the best move. Most experts recommend that we start to save or invest for our retirement years as early as we can. There are a few ways to go about that, though. Considering all of the different types of retirement savings and investment accounts that are out there, it can be hard to make that choice. That’s even more true as we see a ton of advertisements and advice columns out there that talk about the various options and how amazing each of them is. How are we supposed to choose, right? Sure, there are articles like this one, but for now, we’ll stick to one thing – a deep dive into gold IRA accounts. What Is A Gold IRA? Although they might seem like a relatively new invention, the truth of the matter is that people have been using gold as an investment for centuries – maybe even thousands of years. So, the fact that they’ve adapted to our modern economic structure should come as no surprise. First, though, let’s cover what IRAs are. An IRA (individual retirement arrangement) is a type of savings account that offers the holder some sort of tax benefits. That will vary depending on the type of IRA, of course. Self-directed, Roth, and traditional are just a few examples, and each of them has its own rules and regulations as well. Now, when it comes to the question of can I convert my 401k to a gold IRA, the answer is yes – but there are a few steps involved that you’ll want to familiarize yourself with. One thing to be aware of is that a gold or precious metals IRA is simply a self-directed one that is dedicated specifically to that asset. All sorts of things are eligible to be placed into them. For example, bullion and coins that fall under the requirement of gold percentage can both be added to one. However, a necklace or ring made out of precious metals wouldn’t be eligible. If you want help sorting that out, you can always talk with your broker to see what can work. How Does The Conversion Work? With that bit of background information out of the way, we can turn our attention to how the actual conversion works. One of the first steps that you’ll want to be aware of is the fact that you’ll need a broker and/or custodian. In this context, that’s just an organization that will hold onto your physical gold for you and keep the account. You can find out a bit more as far as how that works here, https://go.gale.com/ps/i.do?id=GAL =r&linkaccess=abs&issn=07300743& a8, although if you reach out to potential custodians to talk with them, they can probably explain it as well. They’re a crucial component of turning gold investments into an IRA, though, so don’t forget this part of the equation. From there, though, what should we do? Well, you’ll probably want to take inventory of your current financial situation as a whole. Think about how much money you want to take out of your 401(k) to actually do the conversion. Depending on how long your employer has offered the 401(k) and how much you and they both contribute, this exact amount could vary a lot. Ideally, you won’t entirely drain your 401(k) to open a gold IRA, but some people do. Just remember that the goal is to diversify your financial holdings and to give you an opportunity to have an asset that acts as a hedge against inflation. Once you’ve decided on how much you want to convert, you can start to initiate the process of purchasing your precious metals in whatever form you want. Whether that’s as coins or bullion or something else entirely, as long as it’s eligible according to your custodian, you should be good to go! Thankfully, it’ll act pretty much the same as any other individual retirement arrangement, with yearly limits to how much you can contribute to it. There will still be taxes, of course. It’s not too hard to figure out, though, and your custodian/broker will be able to assist when needed. Why Convert, Though? One of the major questions that most people still have is why they should convert their 401(k) into an IRA in the first place. It’s certainly worth pondering, but the answer is pretty simple. As you can see here, https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4148028, a lot of it has to do with the fact that we’re currently facing an economic recession. Combating it isn’t easy for a lot of us consumers, unfortunately. There are a few ways, though – most of them involve utilizing hedges against inflation in some way. Gold is a major hedge because its value isn’t diminished by things like paper currency losing buying power. So, that’s probably the main reason that it’s widely considered worthwhile to do this conversion process. However, there’s also the fact that in investing in general, it’s not a great idea to put all of your eggs into one basket. Keeping your assets diverse is critical, especially for something as important as your retirement. Again, even if it seems a long time away, it’ll creep up on you faster than you realize. We all deserve a comfortable and happy retirement, especially after spending years being valuable members of the workforce. Saving for that time of our lives is super important. Consider converting part of your 401(k) plan into an IRA if you know it won’t impact your current financial status in a negative way. As long as you’ve done your research and you know what you’re getting yourself into, there really isn’t much of a reason not to do it – at least when looking at it from an investor’s standpoint. Read Also: Is Investment Bankers/Brokers/Service A Good Career Path In 2021? 5 Reasons Why Bitcoins Are Considered Reliable Investments 5 New Assets To Diversify Your Investments In 2021
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Is Buying Land In Austin, Texas, A Good Investment? Everything You Need To Know
Are you considering investing in the real estate industry but aren’t sure where to start? Vacant land is one of the most underrated real estate investments today. Most people overlook it because they assume it can’t produce income, and so it’s pointless. But the truth is that raw land can give you serious financial benefits, of course, with the right strategy. And, not to forget, there is far less competition in the raw land market as compared to property investing. So, it is easier to squeeze a good deal. That said, it does matter where you buy your land. So, is buying land in Austin, Texas, a sound investment idea? A few years ago, Austin was ranked by the U.S. News & World Report as the #1 place to live in the country. But if that is not enough to convince you, here are more reasons to invest in land for sale in Austin, TX: You Can Enjoy Tax Benefits No one really enjoys paying taxes but you can’t avoid it. So, any opportunity not to pay some of these taxes without breaking the law is a great relief. Well, buying land in Austin, Texas, can qualify you for an agricultural, wildlife, or timber tax exemption. Provided you use the land for farming, grazing, timber, or wildlife preservation. These exemptions can actually save you huge bucks in property taxes annually. Greater Freedom To Develop Your Land Perhaps one of the biggest benefits of buying raw land in Austin is just how much freedom you get when it comes to using it. You see, with real estate in metropolitan areas, development is usually controlled, and you have to stick to a lot of regulations and guidelines. These controls can really frustrate you. However, with raw land in Austin, you only need authorization from your local authorities. You can do anything you like with your land, whether that is constructing your home or business. You Can Start A Business On It & Start Earning Revenue Talking of development, you can actually turn your raw land into a money-making investment too. Austin is growing pretty quickly, which means that starting a business here is actually a great idea. And even with rural land, opportunities to make money off your land are still plenty. For instance, you can open a bed & breakfast, camping ground, hunting grounds, etc. Affordable Rates With Great Financing Options Another thing that makes buying land for sale in Austin, TX, an excellent investment opportunity is land affordability. In fact, land in Texas is significantly cheaper compared to other parts of the country. And the good news is that you can be sure of scoring some very great deals if you know where to look. But it does not stop there; Texas is also known for its great land financing options that make it easier for you to acquire land at a price you can easily afford. You Can Write Off Some Expenses Planning to use your Texas land for farming? You can also file a Schedule F in your federal income taxes, thereby writing off expenses incurred due to farming. This could even include interest on the loan you took to buy that land. Besides, you can claim interest on your construction loan if you decide to build on your land. You Get To Own Rights To Minerals On Your Land Austin, Texas, is a good place to buy land because you own the rights to any minerals you might stumble upon on your land. This gives you the authority to extract and sell the minerals. The Texas Seller’s Market Is Booming With Texas’s economy doing better than ever, the demand for land and property is skyrocketing. As a land or property owner in Texas, you are literally sitting on ever-appreciating capital. Buying Land For Sale In Austin, TX, Is One Of The Best Investments You Can Make Today If you have been thinking of investing in Austin, Texas, buying land might be an excellent idea. Besides the tax advantages, development freedom, and access to great financing options, you get to own land that appreciates over time. For the best experience, research enough and only purchase land that checks all your needs. Read Also: Invest Real Estate in Detroit: 7 Things You Need to Know Before Buying Your First Investment Real Estate Syracuse NY Investment: Flipping Houses A Beginners Guide to Listed Investment Companies
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Why Use Car Shipping Services & How A Cost Calculator Can Help
As one of the most valuable possessions you have, your vehicle is one of those assets that you always take good care of. Or, at least you’re trying to take good care of it. Thus, when relocating to a different city or state, for example, you’ll think twice before deciding to drive a car such a long distance. Instead of driving, you’ll start thinking about using car shipping services. Yet, you won’t really be sure if that’s a good idea, and if you come across a car shipping calculator, you won’t know how helpful it can exactly be. Both of those questions are certainly highly important, so what I’ll do now is answer them for you, helping you both make the right decision and figure out what to do with the calculator should you choose to use these services. Why Use Car Shipping Services Unsurprisingly, we’re going, to begin with the question of why using the car shipping option is a great idea. There are quite a few reasons to do this, and you’ll now get familiar with some of them. Learning about those reasons will help you ultimately decide if this is the right solution for you, or if you should perhaps decide to drive after all. I highly doubt that, but still. It’s a possibility. In addition, if you need to transport your car consider using the reliable car shipping services offered by https://www.professionalcarcarriers.com/shipping-car-from-vancouver-to-toronto/." Reduce the Risk of Damage Driving your car a very long distance can certainly take a toll on it and lead to some damage. Some issues you could face with it could be minor and insignificant, while others could be quite serious and, of course, expensive. Using the car shipping option, you’ll reduce the risk of damage, because your vehicle won’t be driven, but instead transported by a professional who has done this numerous times before and knows how to do it safely and successfully. No Stress The stress of driving for far too long is something nobody wants to experience. When you first think about driving a very long distance, it may sound like a fun road trip, and you may get excited about it. After you’ve been on the road for a while, though, stress will replace excitement, and you’ll regret the day you decided to drive instead of using the shipping option and avoid any kind of stress whatsoever. Here’s what to know about car shipping: https://www.angi.com/articles/5-tips-shipping-car.htm Avoid Injuries Being behind the wheel for far too long can not only be stressful but also lead to some injuries. No matter how comfortable your car is, sitting for long periods of time can lead to back injuries. And then, there’s also the fact you may have an accident on the road, which can result in even more serious injuries. Using the car shipping option will help you completely avoid the risk of those injuries. Save Time Time is certainly among those resources that you don’t want to waste. Saving it is, instead, your goal, because saving time on one thing means you can focus on other important things, or even just relax and recharge your batteries. With the car shipping solution, you’ll definitely get to save time, as you won’t be trapped behind the wheel. Save Money On Unforeseen Expenses Since talking of saving things, we can’t fail to mention money. Sure, you’ll be paying for the shipping service, but there are a lot of things you won’t be paying for if you decide to go for it instead of driving yourself. Basically, you won’t pay for gas, road trip food, accommodation, etc. And, you won’t incur any unforeseen costs, such as those that could arise from your vehicle needing repairs after being damaged on the road. Read more on how to transport your car. How a Cost Calculator Can Help After mentioning money, we have to start dealing with the next important thing that you’re wondering regarding these particular services. How can those shipping cost calculators actually help you and should you use them? Well, they help by providing you with a clear estimate on the amount you’ll pay when transporting your car with a specific company and on specific dates, allowing you to set a clear budget for it aside, as well as to find the best and the most reasonable deal. Using them can and will help you pay a fair price. Read Also: 6 Factors to Consider When Choosing a Shipping Company AutoTempest: Is It The Best Search Engine For Cars? Is Marine Transportation A Good Career Path?
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Five Factors That Impact Solar Panel Installation And Maintenance Costs
More homeowners are increasingly turning to solar power as an alternative energy source due to its ability to lower electricity bills and boost home resale values. While going green is an excellent move, installing and maintaining solar power systems are associated with high costs. By learning about the factors influencing them, you can easily decide if switching to solar power is worth your hard-earned money. Here Are Five Prime Factors That Impact Solar Panel Installation And Maintenance Costs 1. Your preferred solar panel contractor Selecting the right solar panel installer is critical as you transition to a more sustainable lifestyle. Proper installation and maintenance can make or break your project's cost-effectiveness, so don't be tempted by low prices alone! To get ahead of potential problems down the road, research companies for their qualifications and reviews before making any commitments. Investing in an experienced contractor may come at a higher upfront price tag but will ensure successful integration into renewable energy sources with long-term savings benefits. When you contact us, we will answer any inquiries regarding the cost of our solar power installation and maintenance solutions. 2. Roof type and angle The type and angle of your roof significantly impact your solar panel's installation cost and maintenance. Roofs that are flat, slate, or shingle can be challenging to work with, and installation may take more time and effort, which leads to higher costs. The angle and orientation of the roof also play a role. A roof with a steep slope facing south will provide optimum sun exposure, reducing installation costs and improving energy production. 3. Structural issues Structural issues also affect solar panel installation costs and maintenance. The integrity of the roof and the structural load-bearing capability are essential considerations. Reinforcement may be necessary if the roof cannot accommodate the solar panel's weight, which will increase installation costs. Similarly, any structural issues that require repairs, such as rot, sagging, or cracks, would require rectification before installation, which increases installation costs. 4. Solar system add-ons When upgrading your solar power system, several accessories could enhance its performance. Battery backup systems can store excess energy for later use and offer protection when the sun isn't shining as brightly or in case of an outage. While these add-ons come with additional costs upfront, they may provide long-term financial savings, greater reliability to offset any weather variations affecting production levels, and added peace of mind during emergencies. 5. Local costs Local codes and regulations can also influence solar power installation cost and maintenance. Permits and interconnection fees, for example, can vary between localities, and you must confirm any costs before proceeding with the installation. Licensing, inspection, and maintenance costs are additional expenses that may be imposed in your locality. Conclusion Investing in a solar energy system could be an effective way to reduce your utility bills. Still, the timeline of when you can expect to see those savings depends on several factors. In sunny areas with high current energy costs, these systems can pay off within five years, though other locations may have longer wait times that stretch out into ten or 20-year cycles before any real return is seen. It ultimately comes down to your value on environmentally friendly solutions and long-term investments versus the more immediate financial gains from traditional power generation sources. Read Also: Ready Rooftops – How to Install Solar Panels 8 Tips For Choosing Solar Panels For Outdoor Activity How Much Do You Save With Solar Panels? The Ultimate Guide
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AutoTempest: Is It The Best Search Engine For Cars?
If you are searching for cars, and you are still using the old search engines, it is time for you to revamp your search. Try to use AutoTempest! In case you are searching for the information related to this search engine, you have reached the right place. And if you are someone who has not heard about this one, you are in for a real treat! There are a number of tools and platforms that you can use to ensure that you get the results regarding what you are searching for. And one of them is AutoTempest. It is undoubtedly one of the most used platforms for searching for cars. Keep reading this article till the end to learn more… AutoTempest Overview NameAutoTempestHeadquartersGreater Boston Area, Massachusetts, United StatesFounderNathan StretchFounded2007IndustriesAutomotive, Search EngineOperating StatusActiveCompany TypeProfitWebsitewww.autotempest.com/ What Is AutoTempest? Image Source: carpeatsbucket.s3.amazonaws.com AutoTempest is a site that assembles postings from an organization of major trade-in vehicle locales, offering a one-stop objective for vehicle purchasers. This service makes the search for a car more convenient and effective by providing access to more than a dozen sources and millions of listings. According to CrunchBase, “AutoTempest is a one-stop destination for car buyers with purchase, sale, car reviews, guidance and tips for negotiating services.” Their motto is rather simple— one search for all cars! It is to “capture all the results in single search, to save you time and help you find your ideal next car.” AutoTempest was founded in the year 2007 as an offshoot of SearchTempest (Craig's Helper at the time) to provide a specialized experience to all SearchTempest's used car customers. The name was eventually changed to AutoTempest, and the site underwent a major redesign in 2011 that has led to a steady rise in popularity. With AutoTempest's partner Carvana, you can even trade in your existing vehicle through the site's listings for classic and used cars. Check out AutoTempest's resource library or use one of its online calculators to estimate your costs if you have any questions about the car buying process or need more information before making a decision. How Does AutoTempest Work? In case you are wondering how AutoTempest works, you will find this part of the article to be of help. At first, let us take a look at what the platform has to say about their initiatives and working: “We aggregate millions of listings from dealers and private sellers, showing all the results for your search from each of our listings partners. We also generate comparison links for the remaining large sites we don't yet have partnerships with. Our goal is to capture all the results in single search, to save you time and help you find your ideal next car.” At first you might think that this search engine is partnered with various other platforms like Craigslist or the Facebook Marketplace. However, that is not the case. While you may get redirected to these other platforms and marketplaces, this is only done to ensure that you are able to save time. AutoTempest gives a great many postings from different sources. You, as a viewer or a purchaser, can sort them according to source or in a single list with all the usual options. How To Search On AutoTempest? Image Source: i.ytimg.com In order to search for cars, both new and used, there are a few things that you can do on AutoTempest. Here is how you can go about it. The website, www.autotempest.com, offers an easy-to-use interface and a results page that feels familiar and easy to navigate. You can start your search with the most basic information, such as the make and model of the car, as well as your zip code and search radius. You can use the site’s advanced search option to narrow down your search even more by including things such as color, transmission type, price range, trim package, and more. The listings displayed on the results page are easy to read. Results are categorized by the site from which the car listing originates, and important information such as price and mileage are displayed alongside a photo of the car. Don’t have to click each result to get an idea of whether a new or used car is a good fit for you. You can further refine your search right from the results page. You can filter by price, year, mileage, fuel type, body style, and a number of other options to help you pinpoint the exact car you want. Clicking a result brings you to the listing’s website, for example, eBay or Carvana, where you can then view more photos and details of the car. How To Sign Up For AutoTempest? You don’t need to sign up for AutoTempest to use the website. You don't need to create a profile or sign up for anything in order to start looking for a car once you've found the website. When you click on a search result — for example, Carvana — you will be taken to the Carvana website and you will be shown the listing once again. Then, in order to finish the car-buying procedure, you might be asked to register for that specific website. Is AutoTempest Free? Image Source: static.autotempest.com In case you were searching for the answer to whether this search engine is free or not, let me tell you the answer! AutoTempest is a free tool for finding used cars. This means that browsing its inventory is free as well. Prices for used cars vary depending on the seller and partner, with private sales typically costing less than dealership sales. Negotiation and best offers may be permitted on some partner sites, but this will vary from site to site. You can use the trade-in value calculators and comparison tools for insurance, shipping, and quotes on a new car that AutoTempest provides online to help you figure out your costs. The website also has educational materials on shipping, extended warranties, financing, and other expensive topics. Wrapping It Up! In case you were searching for the information related to AutoTempest, I hope that this article has been of help to you. If there are any other queries related to the same, feel free to let me know. All that you need to do is scroll down till you reach the bottom of the page. Then leave your queries and suggestions in the comment box below. And will be there to answer them all for you! Read Also: How to Check If Your Car Tires Are Good? Why You Should Choose Car-Sharing Services The Average Price Of Car Insurance In New York – What You Can Expect To Spend!
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