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https://medium.com/@HypeKen/how-to-get-1-better-at-closing-investors-when-fundraising-fd8f09a2298b

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– Ken

How to Get 1% Better at Closing Investors When Fundraising

September 12, 2022 by OptionsAndTraders

If you’re looking to grow your business sustainably with a low CAC, join us at AreaHype.
Contact us today for more info!

Kim Kardashian, reality TV star and entrepreneur is putting her finger in the cookie jar!

She is joining in on the action with her new venture firm SKKY partners.Teaming up with Jay Sammons, a former Carlyle Group partner.

Yes! They are going to be Co-Founders / Co-Managing Directors!

Their thesis primarily focuses on: entertainment, consumer products, hospitality, luxury, and digital commerce.

This is great to hear, but deep down, how do you actually attract their attention?

It’s 2022 and investor sentiment has drastically dropped due to post-pandemic collateral damage, a crash in the crypto market, and the cascading repositioning of stock portfolios.

You’ve probably been told no over 100 times this year. If you haven’t been told no, you aren’t working hard enough to fundraise.

Don’t worry, it’s part of the process.

Why are they rejecting you? Why are they saying no? Why is it so damn hard to fundraise in 2022? Isn’t there a ton of dry powder? How do some founders raise millions of dollars without a product?

The answer is simple. “Make something people want.”
— Paul Graham Co-Founder of Y-Combinator.

Guess what? There are tons of duplicate ideas out there, it’s almost 2023, and most of the solutions we need to propel society forward have already been created.

This leads to over-saturation, a distaste for ideas that are too similar to one another. It’s very rare to be 100% unique and unlike anything out there, because we naturally learn from other people’s mistakes and build something better.

How do you stand out?

Outside of a really great idea, you need to be sustainable. Investors don’t want to risk a ton of money on something that might work. They want to be pretty damn sure that something will work.

Simple put, you need to de-risk the investor.

This is easily done by having a low customer acquisition cost (CAC).

Why are you burning so much money trying to get customers to figure out who the hell you are?

Think about it, what the hell are you doing spending $3000+ a month on ads that lead to less than 1% conversion? Is this sustainable?

Let’s do the math, You pay $3000 to potentially get 5,000 more views?

You convert 1% of them, or 5000 x 0.01 = 50 new customers.

In order to break even, you need to make at least $100 on average per new customer. Can you do that month over month? Some people can, some people can’t.

Most of us can’t.

The system is designed to make you believe that you can obtain more customers if you keep throwing more and more money into ads.

Let’s think about that.

Take the risk, and throw more money to hope that you don’t have overlapping views of previous customers. Hope that you can maintain your growth.

If you ask any successful investor, hope doesn’t pay the bills. Results do.

So hope doesn’t mean jack when you are burning more money to try and make it. This is why a lot of startups fail.

The solution is simple: grow sustainably by reducing your CAC and becoming profitable sooner. Make sure you can get money in the bank, and make sure you aren’t just burning it on hope.

This will significantly de-risk your prospective investor, and make it easier for you to raise capital.

Think about it, wouldn’t you want to spend less money to make more money? If you tell an investor that you make more money and spend less to acquire a customer than your competitors, it’s a no-brainer!

We figured out a way to do this at AreaHype.

Currently, all forms of marketing and advertising charge businesses upfront for high CAC and little hope.

Marketing Secret: working with creators delivers the best conversion rates. Unfortunately, the platforms they use still rely on legacy technology which charges businesses upfront.

We figured out a sustainable way to deliver GUARANTEED results before businesses pay with our 1-click routing and checkout.

Skip the BS, stop wasting money, and don’t pay for hope. Pay for results.

We will drastically reduce your CAC while helping you grow sustainably.

“Get paid to live life!”

Ken Ma — CEO | Co-Founder of AreaHype

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– Ken

Refund Time: 5 Ways You Can Use Your Tax Refund Today

September 12, 2022 by OptionsAndTraders

If you’re looking for a network of like-minded investors who want to share ideas and learn together, you’ve come to the right place at Options and Traders Network. Contact us today for more info!

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Refund Time: 5 Ways You Can Use Your Tax Refund Today

The IRS reports that over 77% of Americans can expect a tax refund this year, with an average amount of $2873. That’s a lot of money! Instead of spending all your earnings right away, why not be prudent with your money and use it beneficially towards your future you? If you’ve been looking for ideas on how you can use your refund this fiscal year, Options and Traders Network shares 5 great tips to get you started.

Invest in the Stock Market

Do you know that famous quote about how it’s impossible ‘to outperform the stock market’? Financial experts like Warren Buffet swear by this mantra for a reason – it really pays to invest in the stock market. You’ll have higher returns than bonds, CDs, savings accounts, and many other kinds of investments. And if you don’t have immediate financial need, retaining your stocks in a long-term manner will be an excellent way to accentuate your returns.

Save It for a Rainy Day

Did you know that most Americans don’t have an emergency fund? That’s right, CNBC reports that the lack of adequate savings can make it difficult for Americans to access funds when they have sudden financial need. A healthy savings account will ensure you’re not vulnerable if you lose your job or are hit with unexpected medical bills. Being in such situations without funds can cause you to overuse credit cards and take out loans at high-interest rates. Instead, putting it in a high-interest savings account is a great way to contribute to your emergency fund while reaping the benefits of your interest premiums!

Pay Off Outstanding Debts

Stuck in an endless debt cycle? Feel weighed down by ever-accruing home loans and piles of bills? We understand; living with debt can be all-consuming. Using your tax refund towards your debt is an excellent way to reduce the burden and make a dent in your payments. Remember that your refund may not be enough to wipe your balances completely clean, but it is still a worthwhile strategy. Use your refund to pay off credit card debts first, as these often have the highest interest rates.

Put It Towards School

If you’ve been looking to invest in your future in the business world by going back to school, you have a ready solution with your refund. Going back to school is an excellent way to make a career change or increase the job opportunities coming your way. If you’re looking to achieve your business diploma while working or tending to family responsibilities, opting for an online degree program like one leading to an MBA will be the way to go. Just ensure that your online school is accredited and offers competitive tuition rates! And the most significant benefit of using your refund towards furthering your education? You’re literally investing in yourself!

Get Better Insurance

An excellent life insurance policy will ensure that you can rest easy through the ups and downs of life. It also ensures that your loved ones are protected and set up at a relatively lost cost. Using your refund towards an improved policy will allow your family to maintain their standard of living, even if something unexpected happens. And the good news is that you’ll still have a little money left after you pay off your premiums!

Tax refund season is the best time of year! Not only are you coming into money you weren’t expecting, but receiving your refund is also an opportunity to set yourself in a better position for the future. Be sure to use one of the ideas above when it comes to your windfall – we promise they are great options to make your money work harder for you.

– Eleanor Wyatt

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– Ken

Tips for Relocating – How to Start Fresh in a New City

March 17, 2022 by OptionsAndTraders

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Tips for Relocating: How to Start Fresh in a New City

Moving to a new city won’t magically solve your problems. However, a change in location may be the perfect tonic if you’ve been foundering in your current job and location. A new city can lead to more job opportunities and a clean break from anything that’s holding you back. Here, Options and Traders Network offers some insight on how to decide if moving is right for you and how to make the leap.

How to prepare for a move in recovery

How can you be confident you’re making a smart move for your recovery? Here’s what to consider as you plan a move.

Moving shouldn’t be an impulse decision driven by escapism. Be honest about your motives and choose your new location based on practical factors like a safe place to live, a like-minded community, good schools and job opportunities.
Start applying for jobs before moving. Major employers are usually more willing to hire out-of-towners. Consider traveling to local industry events to build your network and learn about job opportunities.
Identify MeetUp or networking groups where you can get to know people in your industry or who have similar interests.
Hire moving help. Whether you hire full-service movers or pay for a few hours of loading and unloading help, it’s worth having an extra set of hands.

Finding somewhere to live in a new city

Beyond budget, what should you consider when searching for a rental in a new city?

Choose the right neighborhood. Do you want a lively urban district or a quiet residential area? Pay attention to commute times, green space, and nearby businesses when choosing where to live.
Convenient amenities like all-inclusive rent, in-unit laundry, and on-site fitness centers ease your transition if you’re moving into an apartment.
If you’re renting a home, look for rentals with lawn care included or hire out for yard services so you don’t have to worry about buying a lawnmower right away.

Settling into your new home

Take these steps after arriving in your new city to start feeling at home.

Make your move official by updating your license and registration with the motor vehicle office, registering to vote, and notifying important services of your new address.
Find a new doctor, dentist, and mental health care provider in your network and set up an initial appointment.
Put yourself out there. You won’t meet friends sitting at home. Introduce yourself to your neighbors, volunteer, and socialize at coworking spaces, coffee shops, and bars.

A change of scenery might be just what you need, but relocating takes some work. Set yourself up for a successful move by securing employment and housing ahead of time. With careful planning, your move can put you on the path toward the future you want.

– Eleanor Wyatt

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Join our waitlist today!
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Disclaimer: This is not a paid advertisement.

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‍Click here to view complete permission management controls and FAQ.

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Benefits of integrating SMIELS with Quickfile today

January 7, 2022 by OptionsAndTraders

Benefits of integrating SMIELS with Quickfile | You don’t want to miss these features.

Improved Inventory, Advance user permissions, Customized modern invoices, automatic sync with Quickfile.Integration

SMIELS is a private owned, UK based company. It streamlines and optimizes all everyday business operations related to sales, purchase, inventory, reporting, and more. To find out more about SMIELS company, visit the about us page. You can also view details for all features.

SMIELS improves sales co-ordination & collaboration and ability to customize roles and scope of team members has allowed our customers to cut running costs in business and increase revenue.

When you integrate your SMILES account with Quickfile, you get the following features out of the box.

User Management

SMIELS has industry leading user management optimizations. Easily add team members and set their boundaries with account type and permissions. You have complete control over what information your members can see and what they can do.

You can choose from our presets or set your own custom permissions.

You can set your invoices or products to be verified and approved by higher authority team member before being published. This makes your process less error prone and improve sales coordination between members and management.

Advance Inventory

SMIELS has powerful and advance inventory management system that allows you to add and manage products. You can assign products, inventory or a category to team member/s such as a sales person. Set your business process the way you want it. SMIELS automatically updates your stock with acquire and dispatch operations under warehousing. Easily import products from CSV file.

You can attach following attributes with each product and store for use in Invoices, Estimates and Purchase Orders within SMIELS and Quickfile.

SKU – Code number/name of the product, can be alphanumeric.

Product Name – Name of the product

Brand Name – Name of the Brand

Category and Sub-Category – For easy organization

Color and Quantity – For easy identification

Purchase Price, Sale price, VAT – Set default values, these can also be updated in each invoice. SMIELS also supports multiple VAT types with custom value, you can view VAT Details in SMIELS settings page.

Profit% is calculated automatically.

You can also assign a team member to manage and handle sales/purchase of the product or the category.

You can also add description and attach any documents with each product.

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Import from CSV File

You can also select Tools option from left sidebar and import csv file of products. Learn more.

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Warehousing operations

Purchase and Sales invoices are linked with acquire and dispatch history. Your GRN/GDN operations will automatically update the stock value of the product. You can view complete history for acquires and dispatches in Warehouse option in the sidebar in your application.

Improved Invoices

SMIELS provides support for Sales Invoices, Sales Estimates, Purchase Invoices, Purchase Orders and more. The invoices are formatted for easy readability and better understanding. You can easily customize the look and feel of the invoice within settings. SMIELS also allows you to include custom notes in the invoices which can be set in the settings.

Upon approval from client, your Sales estimates will become a sales invoice. And same is the case with purchase order which becomes a purchase invoice after approval from your supplier.

Customized VAT support

SMIELS supports following VAT types and allows you to enter custom values as per needs.

You can also set default values and default invoice notes for each VAT type in the settings.

Quickfile Inventory

In order to save time during product entry into invoices, Quickfile stores ITEM NAME, DESCRIPTION, UNIT COST, and QUANTITY for each product called reusable item.

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These can be limiting and also create confusion with other variable names such as categories. Not having product stock and sold quantities is a pain point for businesses.

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Furthermore, the stored variable names are not exactly what it sounds like. In Quickfile, the ITEM NAME is used as the SKU or the codenumber for the product. This code is also limited to 25 characters which can create trouble for product SKU entry.

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The UNIT COST works like Sale price this can also create misunderstandings. There are only 3 options for VAT 0, 5% and 20%. And the QUANTITY field is locked with value 1.00 which defeats the purpose of storing quantity.

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Continue reading to find out how SMIELS can solve your inventory with easy Quickfile Integration. Or you can read more about Quickfile reusable items by clicking here.

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SMIELS Inventory Integration

SMIELS integrates with your Quickfile account to provide easy inventory solution.

You can attach following attributes with each product and store for use in Invoices, Estimates and Purchase Orders within SMIELS and Quickfile.

SKU – Code number/name of the product, can be alphanumeric.

Product Name – Name of the product

Brand Name – Name of the Brand

Category and Sub-Category – For easy organization

Color and Quantity – For easy identification

Profit% is calculated automatically.

You can also assign a team member to manage and handle sales/purchase of the product or the category.

You can also add description and attach any documents with each product.

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document attach — Attach document for product

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How to Integrate SMIELS with Quickfile

Integrating SMIELS with Quickfiles provides you with inventory, stock and advanced user management for invoices functionalities. To find out more about the amazing benefits of integrating SMIELS with Quickflow, click here.

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Getting QuickFile Account ID

Login to Quickfile.
Click on your profile name in top right corner.
Note the Account ID.

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Getting SMIELS token from Quickfile

Login to Quickfile.
Under Help, select Additional Services.
Now select Quickfile Marketplace.

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From the list of options, find SMIELS.
Click Connect button and note the token ID.

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Connect SMIELS to Quickfile

Login to SMIELS.
In top right corner click settings icon.

Select Settings from dropdown menu.
Select Account Integration.

Enter the collected credentials and press save button

Smiels account Integration settings - verified

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If the Status indicator turns green and says verified, you have successfully completed the SMIELS account integration with Quickfile.

In case of failure, kindly verify that the account id and token credentials are accurate.

If issue persists, kindly contact us through live support or send us a quick message here.

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Create a free SMIELS account at www.smiels.com and improve your business today.

https://www.smiels.com/blog/benefits-of-integrating-smiels-with-quickfile-you-dont-want-to-miss-these-features

NEW Best Community for Startup Founders via Discord!

Join a discord community called YOLO Founders to help founders grow ~
Join here: https://discord.gg/uyNvNp4Umm

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