Can you keep your approaches simple? trading business

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If you want to make profits from the trading business, your plans must be simple. That’s because simple techniques put less pressure on the trading mind. As a result, traders remain content with their approaches. Plus, they can conduct every necessary aspect safely. In this way, every trader can secure the investment as well as the trades. Plus, he can also find relevant profit potentials from his business. Unfortunately, many rookie traders do not care about simplicity. Instead of trading currencies safely, they try to find the most profits from their businesses. When the markets have high volatility, it is hardly possible for a trader to find valuable trade signals. And for a rookie trader, it is beyond reachable. Therefore, traders should care for the fundaments of trading. Plus, they should try to make their businesses simple to run.

trading business
Businessman checking stock market data. He using a mobile phone. Analysis economy data on forex earn graph.

If a trader learns about the best plans, he will improve his skills. And with simple trading plans, a trader can be consistent. Combining everything, a trader has the best chance of finding profit potentials. Moreover, it will be constant if a trader follows his simple trading plans on every occasion. So, try to make your approach as simple as it can get. However, implement the most cutting-edge techniques in your trading.

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Acquiring effective trading techniques

A rookie trader doesn’t have enough trading ideas to deal with this business. Plus, his mentality probably lures for profit margins. In that case, a rookie must focus on learning about effective trading techniques. His intentions will focus on the trading lessons. As a result, he will try to find the best source for learning. Ultimately, his trading ideas will improve with time. Eventually, influential trading psychology will be born. By implementing that psychology, any trader can make the best profit from this profession. But remember, when you take the trades, you chose a good broker like Saxo markets. Unless you do that, you will keep facing technical problems.

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However, a rookie trader must try and learn about the system first. Otherwise, he will not get used to it. And then he will take a dive towards the profit potentials and forget about money management. So, a trader should learn efficient trading techniques before lurking for profits.

Learning about risk management

Risk management is the most crucial aspect of currency trading. If a trader does not sort out his investment, the business could get out of hand. Then every trader loses money from their orders. Some individuals even experience frequent losses. Ultimately, it causes frustration among the trades that reduces efficiency. In that case, traders cannot neglect risk management.

When they are learning about this business, they should look for risk management strategies first. Different trading lessons provide diverse ideas for sorting out the lots and leverages for the trades. However, a trader should select the best ones according to their testes. Plus, they should also consider the trading policy while preparing risk management.

If a trader wants a successful career, he will need risk management. Without it, no one is safe in this profession since the uncertainty of profits is high. So, a trader must learn to secure the investment before trying to find pips from the markets. In this process, anyone can assure the most successful trading career in Forex.

Practicing the trade executions

When you learn about the fundamentals of trading, your mind will prepare itself. However, traders need to practice the plans and strategies to improve their efficiency. Otherwise, they will not take care of the investment. Moreover, they will not use efficient market analysis skills consistently. And one thing is for sure consistency is the key to success in currency trading. Even if you are not efficient enough, persistence can improve it. Then a trader will have a better edge over risk management and position sizing.

Every trader can increase the potential of the trading business with valuable trading plans. However, they should practice them in a demo platform to improve efficiency. If you neglect the demo trading, your trade executions will be vulnerable. That’s because you will not habituate yourself with the system.

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Every Great Product Needs Product Specifications

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Great product specifications are the cornerstone of excellent products. Without an easy-to-follow and well-researched guide, a new product can lack sales or even cost the company money in the long run. 

Creating a great written plan is not too difficult, but it does require a lot of research, time, and critical thinking. 

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How to Write Great Product Specifications

Product specifications are the plans that lead the design team through the developmental process and ultimately result in a finished product. To write a good guide, use customer opinion for the focal point, focus on detail, and set reasonable goals.

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Customer Feedback

Customer feedback is the most integral part of creating a valuable and lucrative product. Gather customer opinions throughout the process, and ensure that the product specifications change to fit their needs. 

 Product Specifications

Start with research to clearly understand the target audience and the issues they face. Consider their point of view and ask questions such as:

  • What problems do customers experience?
  • How can a new product address these problems?
  • What is the profile of the target audience? (age, country, etc.)
  • What do customers like or dislike about this product’s competitors?

Gathering feedback throughout the design and prototyping process confirms that the team will swiftly adjust to new information. 

Quick feedback keeps the project on the right path and prevents any wasted time and money. Just make sure the design team is ready to accept criticism. Refusal to change can quickly kill a great project. 

Detail 

Product specifications should be detailed but not overly so. 

Instructions should be clear enough to guarantee that everyone understands the project and its goals. 

To ensure the design team can follow the directions they’re given, the most critical aspects of the outline should be detailed and easy to read. If a word is subjective, explain what it means or use a different one. 

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For example, ‘an appealing layout’ is vague and can be interpreted in many ways. Instead, give the team examples or refer them to descriptions of what customers find ‘appealing.’ 

Overly detailed specifications can also create problems. The team needs to have enough leeway to adapt to customer feedback. Also, people who can express themselves creatively tend to communicate quicker, accept failure easier, and work faster. 

Goals 

Clear goals and objectives are what keep a project on time and ensure great products. Write goals with the customer and business in mind. 

Split goals into smaller objectives that keep the project flowing and ensure every team member knows what they need to accomplish. 

 Product Specifications

When writing objectives, make sure they are achievable, measurable, and manageable. Include due dates, approximate costs, which team members will complete them, and how to measure success. 

Overall goals also need to follow similar guidelines. Questions to consider about the project include:

  • Is my team able to reach the deadlines? Are there enough team members?
  • How will we keep from going over budget even if we have to change aspects of the project to fit customer feedback?
  • When will we perform customer and in-house feedback sessions? What is the best way to obtain feedback?
  • How will we know if the project is a success? Is there a specific dollar amount we want to reach in terms of sales? How do we guarantee we hit the target?

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The Bottom Line

Product specifications are an integral part of creating any great product—a great plan centers around addressing consumer issues, customer feedback, and creating and achieving realistic goals. 

By utilizing detailed and clear instructions, the design team can better understand the target result. At the same time, it provides more leeway that they can be creative in constructing a unique and customer-approved product. 

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Best Books You Need to Read as an Entrepreneur

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To start and grow a healthy, thriving small business, as an Entrepreneur, you need to make reading books a regular part of your diet.

Being an entrepreneur is all fun until you realize that you’re not as experienced as others. Your knowledge might not be at the same level as those who’ve been in the business for twenty years, and that scares you. No need to worry though, if you have a high teachability index, you will be fine!

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Here are some of the best business books that should be on your reading list as an entrepreneur’s

The following books will help you grow both in life and in business to become a successful entrepreneur.

  1. View Table of Contents

    Talent is Never Enough by John Maxwell

Best Books You Need to Read as an Entrepreneur

Hiring has always been difficult, but acquiring the right talent will become an even more significant challenge with our world moving away from the brick-and-mortar model and into either a hybrid system or the work-from-home model. This book, though, asks the question of whether talent is the key to being successful.

  1. How to Win Friends and Influence People by Dale Carnegie

Best Books You Need to Read as an Entrepreneur
Best Books You Need to Read as an Entrepreneur

This book is guaranteed to change your life forever. Not only will it teach you all the dos and don’ts of social life, but it will also teach you how to be a better entrepreneur.

We all know that the digital age has made it harder to be influential outside of the Internet, which is just as important as web influence, but Dale Carnegie breaks down all the steps you need to take to make friends with everyone you meet. In addition, it teaches you the etiquette of how to overcome competition or how to win over people who are close-minded or simply not interested in your pitch.

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This classic is a playbook for making people like you and then win them over to your way of thinking without causing resentment. Carnegie breaks things down into thirty principles and shares numerous examples to back his claims. Considering that it has sold over 30 million copies worldwide, it has earned its place on this list.

Every entrepreneur needs to read this book at least once a year. It’s a business classic!

  1. Business Adventures by John Brooks

When not just one billionaire but two recommend a book, you should be intrigued. Bill Gates was introduced to Brooks’s classic soon after meeting Warren Buffet back in 1991. Buffet even sent him his copy. However, since Gates talked about his admiration for this book on his blog back in 2013, Business Adventures has been a hard book to track down.

  1. Blue Ocean Strategy by Renee Mauborgne and W. Chan Kim

Look around the majority of businesses in your sector. Do you think it’s fair to say pretty much all sell the same products, to the same target audience, via the same distribution channels?

What if you could innovate your business and become a black sheep among the sea of white? What if you could find a way to stand out? To truly differentiate in areas other than price point and quality? Well, that’s exactly what Renee Mauborgne and W. Chan Kim thought.

They were so taken by the idea they wrote a book on it – Blue Ocean Strategy: How to Create Uncontested Market Space and Make Competition Irrelevant.

The book gets you to rethink not just how your company works but the industry as a whole. It does this by placing the customer at the center of everything. This forces you to rethink the entire value innovation concept: “Value innovation is about creating more value for customers while simultaneously reducing costs.”

After reading the book, you’ll find that after using the tools provided, you’ll be able to approach the customer problem from a completely different angle.vAn angle that none of your competitors have even thought about.

  1. The Psychology of Selling by Brian Tracy

The Psychology of Selling by Brian Tracy

Every entrepreneur knows that the key to a good business is a good sales technique. Not only do you have to sell your product, but you also have to sell yourself and your idea. Having a great product doesn’t do anything if you don’t know how to approach the person and make them fall in love with you and the product.

This book by Brian Tracy gives you valuable information and strategies about making more selling by focusing on one thing – the person. Sometimes entrepreneurs forget the basics of selling and jump right over to get results, but you need to know the basics to get results. Brian Tracy goes over those major points thoroughly.

  1. Rich Dad, Poor Dad by Robert Kiyosaki and Sharon Lechter

Best Books You Need to Read as an Entrepreneur

Another excellent read for every entrepreneur.

When you are younger, financial education might not be as high as the older competition, making you invulnerable. Robert Kiyosaki’s book breaks down everything you need to know about financial education without giving you a headache.

The book will shine a light on the 9-5 job and the rat race that keeps you in that job you hate to pay the debts. He teaches you how to make your entrepreneurial dreams come true by giving you the cold, hard truth about wealth – it’s not found by going to school, getting good grades, graduating with a diploma, and working for a security company.

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  1. Thinking, Fast and Slow by Daniel Kahneman

Best Books You Need to Read as an Entrepreneur

Daniel Kahneman goes over the two systems found in our mind that can make or break our ability to move forward and succeed in life in his book Thinking, Fast and Slow.

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He talks about the fast and emotional system and the slow, more logical system that makes up our whole mind. Then, he breaks down the various effects of each scenario on our success, mentality, confidence, and teachability index.

This book is a must-read for everyone who wants to get to the top of the tower without actually killing the dragon.

  1. Start with Why, by Simon Sinek

Start with Why, by Simon Sinek

Why do you think some organizations can inspire, lead, and transform industries and sectors where others don’t? Is it about funding? Luck? Or just sheer determination?

Simon Sinek has an alternative theory. In his book Start With Why, Sinek argues that inspired leaders (regardless of background, industry, or funding) always think from the inside out. They understand WHY they exist, what’s their purpose, what’s their core mission, and place this at the center of everything they do.

He argues that most companies have got it backward, focusing too much on the WHAT they sell and HOW it works. But in reality, “People don’t buy what you do, they buy why you do it” – Simon Sinek

It’s a fantastic read for entrepreneurs as it forces you to rethink your messaging, and teaches you to put the core values, beliefs, purpose at the center of everything.

  1. The 4-Hour Workweek by Timothy Ferriss

The 4-Hour Workweek by Timothy Ferriss

Who hasn’t heard of Timothy Ferriss? His name has been everywhere since he launched his book, The 4-Hour Workweek.

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Nowadays, everyone is looking for that easy fix, and becoming an entrepreneur is all about enjoying the wonders of life without having to work 40 hours a week. Timothy knows that and therefore puts you in the right mindset to start building a business that will allow you to work not 20, not 10, but 4 hours a week and still make a fortune.

He describes “lifestyle design” hacks and reframes to help you eliminate 50 percent of your work, make more money, and live the life you want.

  • The Entrepreneur Mind by Kevin D. Johnson

The Entrepreneur Mind by Kevin D. Johnson

Everything starts in mind. So if you have negative thoughts all day, it’s pretty confident that your day will not end on a good note.

Kevin D. Johnson knows that and wants to help entrepreneurs worldwide change their mindset to be successful. In his book, The Entrepreneur Mind, Kevin D. Johnson talks about the different ways to change your way of thinking to start a business, make it grow, and make it last.

By the end of the book, he makes sure you know when to keep going and when it’s time to let go and start again.

Being an entrepreneur means getting back up, and this book will teach you how to get back up without too many scars.

  • Tribe of Mentors by Tim Ferriss

Tribe of Mentors by Tim Ferriss

Ferriss sent out a list of questions to hundreds of successful people in their perspective fields. Of course, not everyone replied, but many did. This book is a compilation of those who answered. It distills critical habits and offers advice from some of the most brilliant people in the world, giving us a peek into the minds of those people who have achieved success.

We want to hear from you!

What books do you think every entrepreneur should read? What do you think of the ones we’ve chosen?

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8 Best CMS Software for You

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Are you wondering what CMS Software platform to use for building your website? Which CMS provides the easiest user interface? Or, is it the right choice to go with the most popular CMS just because it has more users than the competition or because it’s recommended so much online?  These are great questions to have, and we’re here to analyze content management systems based on the facts.

Currently, over 64 million active websites use a content management system (CMS). With a CMS, users can create websites and manage their content without code website elements from scratch. However, creating a website on the wrong CMS platform will only make the process more difficult. There are many CMS options available, which means you might struggle to choose the best CMS for your needs.

We’ll walk through different criteria you can use to choose a CMS platform for your business. Then we’ll explore a variety of CMS systems so that you can find one that suits your unique needs and goals for creating a website.

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What Is a CMS Software?

A CMS is a software application that handles the basic infrastructure of creating websites. With a CMS, users can focus on the front-end areas of website building, such as customizing the website design and managing content.

It is a piece of software that allows you to manage content and create a website easily. Normally, web pages are written in HTML, JavaScript, and CSS programming languages. If you were to build a website without a CMS platform, you would need to learn these languages and write a lot of code.

There are multiple types of content management systems available. Three of the most popular ones are:

Open-source CMS – a community of developers, maintains the software instead of a single company owning it. As a result, third-party developers have access to the source code and can develop and improve the software’s functionalities.

Cloud CMS – a pre-built system accessible without having to download hardware or software. Users can manage web content safely over the cloud and have it be easily accessible from multiple devices.

Proprietary CMS – comes with a license fee as it is the legal property of a company, organization, or individual that created it. The cost can be a one-time initial payment, a monthly fee, or an annual charge.

How to Choose the Best CMS

There are lots of different CMS platforms out there, so which one should you pick? Before you choose a CMS platform comparison, here is what you should look for in a good CMS.

Check if the cost of the platform is suitable for your budget. Some CMS platforms are completely free. Others charge a monthly fee. Even with free CMS platforms, you’ll often need to pay for third-party extensions, designs, and/or web hosting services.

Try to find out as much as you can about the pricing before choosing your CMS, so you don’t have any nasty surprises.

  • Ease of use

Chooses a CMS that fits your skill level, as there are platforms with steeper learning curves than others. In addition, you want a CMS that makes it easy for you to create and edit content. This often means having a drag and drop interface to add different elements to your pages.

It should be quick and straightforward for you to make changes to the content on your site after publishing it.

  • Design options

Your CMS software should offer you plenty of website design templates to choose from. It should also allow you to easily customize those designs to your own requirements (ideally without writing code).

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  • Data portability

A great CMS platform should have tools for you to export your data and move it elsewhere easily.

For instance, you may later decide to choose a different platform or a different hosting company. In addition, data portability makes it easier for you to move around with complete freedom.

  • Extensions and addons

Not all websites are the same. This is why no CMS platform can come with all the features that would fulfill the requirements for every website.

Extensions and addons fix that problem. You can install these separate software on your CMS software to extend its features and add new ones when needed. Think of them as apps for your CMS platform.

  • Help and support options

Although CMS platforms aim to make building a website as straightforward as possible, you still might have some questions. Find out what help and support are available if you get stuck.

Some CMS providers will have a handful of FAQs and a customer service team that’s painfully slow to respond. Others will have a big supportive community that can help you any time of the day or night.

You need a platform that will keep your content, your users, and your front-end visitors safe. When evaluating different solutions, consider what role the platform assumes and what role you’ll have to assume in protecting your site. For example, will you need to back up your site manually? Update the software? Install security add-ons? Purchase an SSL certificate?

With these things in mind, let’s take a look at the best CMS platforms to choose from.

  1. WordPress

WordPress

It’s the world’s most popular CMS software, and it powers around 42% of all websites on the internet.

WordPress is open-source software known for its flexibility and scalability. Moreover, its gallery of over 58,000 WordPress plugins helps users create any website.

Pros

WordPress offers you the flexibility and freedom to build any website (online store, auction site, membership site, etc.).

It does not require any technical skills or coding knowledge. The WordPress block editor makes it really easy to create great-looking pages on your site.

You have complete freedom to make money online from your website in any way you want.

There are thousands of WordPress themes and plugins available, both paid and free. These let you add all sorts of useful extras to your sites, like contact forms, photo galleries, and much more.

WordPress is really well designed for search engine optimization (SEO). It’s easy to create SEO-friendly URLs, categories, and tags for your posts. You can also choose from plenty of SEO plugins to help you do more.

There’s a huge and supportive community around WordPress, as it’s an open-source CMS. You can join groups like the WPBeginner Engage Facebook group to help with any problems you run into.

WordPress offers a lot of extensibility, which makes it an ideal CMS platform for both beginners and developers alike.

WordPress lets you download all your content in XML format, making it easy to move to a different system in the future if you choose to do so.

Cons

You’ll need to set up your hosting and domain name, and you’ll be responsible for managing things like security and backups.

Because WordPress offers so many options and so much flexibility, it can sometimes feel a little daunting when you’re getting started. This is why many beginners use drag & drop page builder plugins for WordPress.

Pricing

WordPress itself doesn’t cost anything. However, you’ll need a domain name (around $9 – $15 per year) and a hosting account with a web host that can run WordPress (normally from $7.99/month).

  1. Joomla

Joomla

Joomla is an open-source CMS that power over 2% of all websites. Compared to other CMS platforms, Joomla’s core software offers more functionality right away, such as its multilingual features. However, the initial setup can be challenging for non-technical users.

Joomla offers a powerful content management system with unlimited design potential and options to make websites and online applications.

Pros

Manage a site with hundreds of sub-pages efficiently.

Use 2-factor authentication to avoid break-ins.

Cons

Web development terminology featured in the control panel is not beginner-friendly.

Lack of compatibility between different modules, extensions, and plugins.

Best for Joomla

Joomla is best for professional websites managed by multiple people. Take the official website of the international tennis player Roger Federer as an example. This website displays not only his portfolio but also a news platform and a shop.

Pricing

Joomla itself is free, though you’ll need to pay for a domain name and web hosting that supports Joomla.

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You may find yourself paying for some extensions to add more functionality to your website. Depending on what you’re trying to achieve, you might even want to budget for getting help from a developer.

  1. HubSpot CMS Hub

HubSpot CMS Hub

HubSpot CMS is one of the top CMS options to create a website without the need for constant updates and edits. It is a fully integrated content management system that is specifically designed for marketers and business owners.

It’s perfect for beginners since this platform’s user-friendly tools can help publish a website without technical knowledge. Its great integrated sales and marketing tools also help to increase reach and engagement.

Because it is built on top of HubSpot’s CRM platform, which includes all sorts of marketing automation, sales, service, and operations tools, CMS Hub is an ideal solution for growing businesses and large enterprises looking for an all-in-one system to manage their website.

Pros

HubSpot website builder is easy to use even if you have little to no technical skills. Their drag-and-drop editor, built-in SEO tools, and contact attribution all make it easy to create and optimize your web content.

They have smart content features to personalize your website page to specific visitors or larger segments.

There are serverless functions, flexible theme options, and command-line tools for developers, so you can make changes and customize assets faster.

CMS Hub comes with built-in security features — including a global CDN and Web Application Firewall along with a dedicated security team to keep your site safe from DDoS attacks, hackers, and other anomalies.

HubSpot CMS seamlessly integrates with their email marketing tool and sales CRM so that you can streamline your operational workflows.

Cons

There is no free version, but they do offer a free trial.

HubSpot CMS isn’t as well suited for e-commerce websites. The good news is that it easily integrates with WordPress and WooCommerce.

Pricing

CMS Hub comes in three tiers: Starter, Professional, and Enterprise.

The Starter plan is $25/month and has all the features you need to build a fully functioning website. The higher tiers are better suited for building more complex web apps with dynamic personalization and internal processes.

The professional plan, costing $300/month, with a 10% discount if paid annually.

The enterprise plan, costing $900/month.

Many smart business owners use HubSpot’s free marketing tools while using WordPress as the CMS platform to build their websites.

  1. Drupal

8 Best CMS Software for You

Designed for professional web developers, its flexible API architecture supports different digital platforms. It’s the CMS behind some major websites, including The Economist’s site and several university sites. In addition, Drupal optimizes its built-in features for better performance and security. It’s also worth noting that Drupal’s websites get higher web traffic than other CMS software.

You can host a Drupal site on SiteGround. They offer free installation and can even help you transfer an existing Drupal site.

Pros

It’s easy to add content on Drupal. The custom content types are flexible and offer plenty of options.

There are lots of different modules available that you can add to your site.

Support is available via community support options similar to other popular platforms like Joomla and WordPress.

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User management is easy, with a built-in system to create new roles and specify their permissions.

Cons

With Drupal, it can be tricky to figure out how to change the appearance of your site or add extras. It’s definitely not as beginner-friendly as WordPress.

Most Drupal websites have a heavily customized theme created by a developer, which can be very expensive.

Pricing

The pricing for Drupal depends on the web hosting and the domain name. Here are Hostinger’s Drupal hosting plans that offer both:

Premium Shared Hosting for $2.59/month.

Business Shared Hosting for $3.99/month.

  1. Magento

Magento CMS Software
Magento CMS Software

Magento has long provided an enterprise CMS for eCommerce functionality. The CMS software focuses on security, SEO, and customization to optimize all types of eCommerce sites. As it caters to bigger online stores, the platform is powerful enough to feature a high number of products and orders.  It also features an expansive extensions marketplace and a global partner library for building sites and improving those designs.

Pros

Magento is highly customizable, with lots of third-party extensions available that you can use to add extra features.

With Magento, you can handle lots of products and customers. As a result, it lets your business grow easily, without your site slowing down. (You’ll likely need to upgrade your hosting plan, though.)

Some huge name brands are using Magento, including Nike, Ford, and Coca-Cola.

You can connect different payment gateways to Magento. It also comes with certain options, like PayPal, cash on delivery, and bank transfer already built-in.

Cons

If you’re just starting in eCommerce, Magento might seem overwhelming.

Finding good developers for Magento projects can be tricky, and it can be costly to hire them.

The support available can vary, particularly if you’re using Magento Open Source and relying on online forums for help.

Pricing

Magento Commerce isn’t cheap. In fact, it’s so pricy that the Magento website doesn’t even tell you what it costs.

Prices start at around $22,000/year, putting it outside the budget of many new businesses. If you want a powerful eCommerce CMS platform for an established business, though, it could be an option to consider.

  1. Typo3

8 Best CMS Software for You

TYPO3 is a free, open-source CMS platform that has been around even longer than Blogger. It was originally released in 1998. It’s an enterprise CMS, which means it’s useful for intranet sites (internal company sites) and websites.

Typo3 caters to enterprise-level websites as it offers great scalability. What makes it unique is that it separates the web front-end from the administration interface. As a result, it is harder for hackers to disrupt the websites’ properties.

Pros

TYPO3 can handle huge websites, including ones that have multiple websites in different languages. So it’s a good option for large international companies.

Because it’s open-source, TYPO3 can be extended however you want if you’re willing to hire a developer to work for you.

You can easily modify the access rights of different individuals and groups who work on your site.

Over 6,000 extensions and applications can add to your TYPO3 site to include new features.

Cons

There aren’t all that many themes available, so you’ll likely have to hire someone to create one for you.

You’ll need a pretty high degree of technical expertise to get TYPO3 up and to run and maintain it.

Pricing

Typo3 is free, although users need to purchase web hosting services and a custom domain.

  1. Wix

Wix

You may have seen one of Wix’s many television or YouTube ads. It’s definitely one of the most popular DIY builders on this list, but it has also improved over the years to include advanced developer tools and options to build full-fledged online stores. In addition, Wix is a popular CMS platform, though it has some limitations.

With that said, Wix is beginner-friendly, and it might be worth considering. It offers a free plan, too.

Pros

Wix’s drag and drop interface makes it really easy to create pages that look just how you want. Then, you can select any part of your page and start editing it.

There are lots of pre-made templates you can choose from in Wix. These are fully responsive, so they look great on mobiles and computers.

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You can add lots of apps to your site from the Wix App Market. These work like WordPress’s plugins to give your site new features.

Cons

Once you’ve chosen a template on Wix, you can’t change it to a different one. This could mean that you get stuck with a layout that’s not quite right for your site.

You can’t run an eCommerce store on Wix unless you upgrade to a paid plan, and even then, you can only accept payments using PayPal or Authorize.net.

Wix doesn’t allow you to download your data and export it easily. For example, you can download your blog posts (though not your images) to move them, but if you have any pages on your site, you’ll need to copy and paste these manually. We have full instructions on how to move your Wix site to WordPress.

If you’re using the free plan, you’ll have a Wix-branded domain name and ads on your site. The ads make money for Wix, not you.

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Pricing

You can use Wix for free if you’re happy with a Wix-branded domain name and ads running on your site. The paid plans offer more flexibility and start from $13 per month (paid upfront annually).

If you want to take online payments, you’ll need to pay $23/month or more (again, upfront annually).

  1. PrestaShop

PrestaShop

PrestaShop is another popular CMS platform for small to medium-sized eCommerce businesses. Its active community and broad set of features make it a highly flexible online store management platform. Its comprehensive interface also helps to enter and monitor products easily.

Pros

Access to user-friendly eCommerce features for users of all skill levels to create a professional online store.

There is a broad selection of themes and modules for customization.

Cons

Lack of scalability to grow into a bigger eCommerce store.

It relies on extensions and plugins, which can be costly.

Best for

PrestaShop is an excellent platform for small to medium-sized eCommerce businesses. For example, Harry Fay, a niche jewelry store in the United Kingdom, sells rings and wedding bands online.

Pricing

The PrestaShop software is free, but it still needs hosting and a domain name.

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WordPress Hosting 6 Tips it’s better than Shared Hosting

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Are you wondering whether you should use shared hosting or WordPress hosting for your website? This is a question that keeps coming to us now and then. So we decided to let you know 6 tips we feel WordPress hosting is better than shared hosting.

The 2 most important things you need when starting a website are a domain name and a web hosting account. While the domain name is the address of your website, a web host is the place where your website files are located.

Also Read: 8 Best Website Builders for You

So when someone types your site URL in the address bar of their web browser, your website files are fetched from the web hosting account. And then, people can see your live website in their browser.

Now, there are different types of hosting services available in the market including shared, and WordPress hosting. But which one is suitable for your needs? Also, what’s the difference between shared and WordPress hosting? Let’s try to understand each of them in simple words.

WordPress Hosting

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What Is Shared Hosting?

Shared hosting is a web hosting solution where your site shares the resources of a single web server with several websites. Shared hosting is a type of low-cost plan where you share space on a server with other sites. And the main advantage of using such a service is they’re available at an affordable rate.

Since multiple websites use a shared server, such companies can offer hosting services cheaper than WordPress hosting. So you can expect shared hosting plans to be as low as $2.75 per month.

Also Read LinkedIn Marketing You Need This For Your Business

While price is the primary benefit, there are some potential downsides to this hosting. For example, you’ll have to share resources with other websites, which means your performance can suffer if those sites get a lot of traffic.

What is WordPress hosting?

WordPress hosting is a form of web hosting optimized to run WordPress sites. By using a WordPress host, you’ll receive lots of tools and services specifically tailored to WordPress sites. These may vary depending on what WP hosting service you opt for but often include features such as one-click-install, automatic software updates, and a team of support staff specializing in WordPress to provide you with customized support.

More than 1.1 million new domains are registered every six months. So if you’re looking to create a business website or migrate your existing one, WordPress is a leading site builder – and it’s a noteworthy hosting option, too.

WordPress Hosting

WordPress is an easy-to-use, simple, and fully customizable hosting option, and using a WordPress hosting service alongside your WP site will optimize your site’s performance and results.

6 Tips WordPress hosting is better than shared hosting

Although the cost of purchasing a WordPress hosting service can be too much at the initial stages of any business. But with the technologies offered, you can expect your site to be fast and secure. Some benefits that show WordPress Hosting is better than shared hosting are.

  1. Improved security. WordPress hosts offer servers equipped against WordPress-specific threats alongside a dedicated team who will stay on top of security issues and ensure your site is safe and secure.
  2. Fast set-up and performance. The website set-up process is made incredibly quick using pre-configured web technologies, and the WordPress servers ensure fast loading times and quick uptime from the moment your site’s live.
  1. Better plugin function. You won’t need to use as many plugins because the host will optimize performance, security, and caching. And for the plugins, you do want or need, WP-hosted sites are optimized to work with the most popular of them, which can be automatically updated. And you can be sure that the WordPress hosting provider has carefully vetted the plugins to make sure they are of the highest quality and are fully secure.
  1. Easy-to-add SSL certificates. Most managed WordPress hosting plans allow you to add an SSL certificate to your site in a couple of clicks at no extra charge.
  2. Automatic updates. Your website will receive automatic updates and upgrades, and security packages can be added to every website on a server at once.
  3. Tailored support. When using a WordPress hosting service, you’ll be able to access dedicated customer support services, experts in resolving WordPress issues.

Also, Read Google Primer, What it is and What you need.

If something were to happen to your website, WordPress hosting generally provides free automatic backups. This gives you peace of mind, knowing that at any time, you can restore your website to what it was in the past. The ease and worry-free features make WordPress hosting stand out from other hosting packages.

WordPress Hosting

Why you should use WordPress Hosting

You’ll benefit hugely from using WordPress hosting. WP hosting integrates perfectly with websites built with WordPress and will improve your site’s functioning, security and offer automatic updates. Of course, you don’t have to use WordPress Hosting if you have a WordPress website, but combining the two creates the ultimate package.

Those looking for a managed hosting plan would benefit from WordPress hosting, too. WordPress hosts often offer managed services, where your site is run and maintained for you by WP experts. This is a great option for those with limited time or experience with running a website.

Also Read: SMS Marketing, How it can Increase Sales for Your Business

Conclusion

Your hosting plan is one of the most important elements to consider when putting together a new site. One of the first decisions you’ll make is to opt for basic shared hosting or pick up a WordPress-specific plan.

Shared hosting is incredibly popular with smaller websites and blogs, as it’s a very affordable option. On the other hand, WordPress hosting better suits you if you want a highly optimized and secure site and have a little more room in your budget.

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50 Years Later: The Brief History Of The Gold Standard

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Days ago, it marked more than 50 years since United States President Richard Nixon did away with the US dollar’s peg to gold, creating the wage gaps, wealth inequality, and other challenges the global economy faces today.

As the global reserve currency asset, the dollar has an impact on everything and as its days are numbered and its former power weakens, the implications of its collapse are frightening for the world.

Also Read: Buy Sell Trade And Invest In Cryptocurrency Using PAXFUL

Today, the aging gold standard isn’t quite as important as it used to be to global finance, but a new standard is emerging that could set things straight before disaster sets in.

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Remembering The End Of The Gold Standard

In August 1971, then US President Richard Nixon ended the convertibility of US dollars to gold. The implications might not immediately be clear, but because dollars could be converted to gold, dollars had to maintain a specific exchange rate that was pegged to the value of gold.

At the time, an ounce of gold was worth around $32 in USD. Without a peg to gold, central banks have been allowed to debase the value of dollars forever since. The value of gold is the best representation of how the value of the dollar has fallen compared to the previous monetary “standard.”

Also Read: SMS Marketing, How It Can Increase Sales For Your Business

Today, an ounce of gold is worth more than $1,800 and it isn’t because gold is suddenly in far more demand or more widely used, but because new dollars have been made at such a high rate, that inflation against the price of gold can be dramatic.

50 Years Later: The Brief History Of The Gold Standard

What Happened In 1971?

What this also has resulted in, is the severe wage and wealth gaps seen today. As little as 1% own as much as 99% of the world’s wealth, while the rest of the 99% is stuck living paycheck to paycheck in most cases, carries substantial debt, and is able to spare very little capital toward investing or retirement.

The American dream of owning a home, having a normal nine-to-five job that pays the bills and allows for family time and vacation, is dead. All that’s left is a nightmare where workers must slave away across multiple jobs to work toward a new dream of freedom.

But it all could be coming to an end. The end of the dollar could be near, but it might not be a gold standard that the world then turns to.

50 Years Later: The Brief History Of The Gold Standard

The History Of Debasing Currencies

All throughout history, governments or those in control have debased their currencies to their demise. Starting with Nero in AD 64, the Romans continuously debased their silver coins. This involved changing the purity of the amount of silver in said coins, until there was barely any silver compared to other metals remaining.

The currency became so worthless in perception, Roman soldiers no longer would work and the entire society collapsed. Sound familiar? Today, there are signs all over every business looking to hire, but no one wants to work. Governments are debasing fiat currencies like the dollar by offering unlimited unemployment assistance, stimulus support packages, and unnecessary spending in all areas of the bloated government.

Also Read: Top 5 Automobile Business Ideas For You

The idea behind this extra money in the market is to save the poor, but it has mostly benefited the wealthy. The weakness in the dollar has caused asset prices to skyrocket, so real estate, stocks, crypto, and everything else is now much more expensive.

The little guys got $1,200 checks, while the world’s wealthiest got trillions of dollars injected into their already jam packed bottom lines. Bezos is now headed to outer space, and Elon is already there, but way richer while he’s at it.

Who Will Win And Lose In The Next Economic Collapse?

The economy can no longer sustain the damage being done, and collapse is coming and is just a matter of when, not if. The stimulus money saved the world from the pandemic for now, but what happens if the US goes to war, or there is another attack similar to 9/11 now that the situation with the Taliban is spinning out of control? Another such Black Swan could be too much for the economy to sustain.

If and when this happens, who will take the brunt of the burden? The wealthiest who are well off currently, or those drowning in debt and barely getting by as is, who are already feeling the burn of inflation.

What’s interesting here, is that gold isn’t quite performing as it has in the past when situations like this begin to brew. With a finite supply, gold is the one monetary standard that has never been debased. However, a digital gold standard is now here and it could be what ultimately replaces both the dollar and the gold standard.

The Emerging Bitcoin Standard

Bitcoin was created to share several key similarities with gold which has given it the digital gold moniker. Bitcoin has an ever more scarce supply than gold. While there is no telling how much gold is buried in the Earth’s crust, there can and will only ever be 21 million BTC thanks to mathematical code.

That same code and protocol keeps the supply in check, and its issuance schedule keeps demand high and supply low, which causes the bubble-like behavior that sucks in new users. These new users then stay, seeing the value of the network and understanding how Bitcoin can solve today’s problems.

Also Read: Investing Or Saving Which Is Better, My Opinion

Bitcoin faces challenges from the governments that currently control the monetary supply, and who are so blatantly abusing its power for their own gain and at the world’s potential doom. With no humans involved, the decentralized crypto asset cannot be stopped, influenced, or altered in any way.

For those interested in taking advantage of this unique opportunity related to Bitcoin, gold, and the dollar, there is the margin trading cryptocurrency platform PrimeXBT. PrimeXBT is an award-winning platform that offers CFDs on Bitcoin, Ethereum, gold, silver, oil, stock indices, forex, and many other of today’s most important trading instruments and assets.

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