A Useful Guide On How To Price Your Online Business

A Useful Guide On How To Price Your Online Business

A Useful Guide On How To Price Your Online Business

Are you planning to sell your online business? Have you already put your business up for sale and want to increase the chances of a successful sale? Do you need some guidance on how to price your online business so that it sells faster and for more money than others in its category? Pricing and online business is a task that can be daunting to some, but it doesn’t have to be. There are many things you can do on your own before consulting others. This post will discuss six of the most critical factors in pricing an online business.

Evaluate Your Business Worth

It would be best to never sell your business for less than it is worth. If you want to get the most money out of selling your online business, you have to evaluate it first. You can go here and learn how to assess your business and better understand how you can price it better. Knowing your business’s worth gives you confidence and is also a good starting point for negotiations.

Some of the things you have to consider when evaluating your business’ worth are the amount of revenue that you have been generating from your online business, the number of customers you have, the profits you have been making, and also the time and money you have invested in setting up your online business. If you’re a teen entrepreneur searching for inspiration, this article offers valuable insight into pricing your online business ideas for teens.

Understand the Market

Just as you would research your competition before pricing your business, you should also understand the market in which it resides. What are other businesses in your industry selling for? How much do buyers generally pay for businesses in this category? Don’t undercut yourself by pricing your business well below what it’s worth.

You can determine if your business is overpriced or under-valued by understanding the market. This way, it would be easier to price your business at a realistic and profitable point. Do not set a price that is too high either because you will scare off buyers.

Understand Your Business’ Unique Value

Another thing to understand is your business’s unique value, meaning what makes it different from others in its category? Is it a well-known brand name that would probably fetch more money than other similar businesses with no brand recognition? Does your company have additional assets not included in the asking price?

Your business’s unique value is just as crucial as its worth. When pricing your online business, you have to consider this too. Understanding what makes your business stand out from others indicates how much more buyers should pay for it compared to other businesses selling at a lower price.

Factor in Your Business’ Liabilities

As with any other business, your online business also has liabilities. What are they? How much do they amount to? If you have outstanding debts or other financial obligations, you should factor these into the asking price of your online business. You don’t want to sell your business and still be liable for its debts.

So, try to consolidate everything to make it easier to determine how much you would get from the sale of your business. If loans are outstanding, then deduct their value from the asking price or ask for a reduction in your debtors’ accounts too.

Include the Cost of Transition

When you sell your online business, there is always a period of transition where the new owner takes over and learns how to operate it. This usually costs time and money on the part of the new owner. You should factor in these costs when pricing your online business because it is something that the new owner would have to deal with.

This idea will help you better understand how much the new owner should be paying for your online business. If you’re not sure about it, why not ask them what they think is reasonable? At times transition costs can be high, so you might want to lower the price of your online business a bit to account for it.

Include Your Emotional Attachment

Lastly, do not forget to consider how emotionally attached you are to your online business. This is something that many sellers often forget because they get too wrapped up in negotiations and are eventually swept away by the excitement of selling their businesses. They are so caught up with how much money they will be getting that they forget to ask themselves if it is worth what it costs?

So, you have to factor in your emotional attachment too when asking yourself how much your online business should sell for. It’s not just about making a profit but also about getting a good return on your investment.

When pricing your online business, you should consider all of these factors to get the most accurate estimate. By doing so, you’ll be able to set a realistic and profitable price for both you and the new owner. And who knows? You might even get more than what you were initially expecting.

 

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Simple Steps for Improving Your Personal Budget,

Simple Steps for Improving Your Personal Budget

Simple Steps for Improving Your Personal Budget

A personal budget is one of the best financial tools to have in your back pocket. It can help you manage your money on a monthly basis so that you feel stable and secure in your present and future.

If you’ve already accomplished the goal of putting together a budget, you should read these steps on how to improve it:

 Plan for Emergencies

Your budget shouldn’t just cover your planned expenses — it should cover your unplanned expenses, too. In this case, this means small emergencies, like urgent car repairs, home repairs and medical appointments. When you don’t consider emergencies ahead of time, you risk getting caught by surprise and having an urgent expense that you can’t afford to pay without completely dismantling your budget and putting yourself in a financially precarious situation.

So, what should you do? You should use your budget to put together an emergency fund. Calculate how much you can afford to set aside for emergencies every month and then put it into this fund. Over time, it will grow into an exceptional safety net.

What can you do when you don’t have enough savings? In the early stages of your emergency fund, you might not have enough savings to cover a surprise expense. In that case, you could apply for a personal loan in hopes of resolving the emergency. If you’re approved, you could use those borrowed funds to manage the problem and then deal with the repayment plan later on.

When you’re looking for loans online, search for ones that are specifically available in your state. So, you would look for Texas online loans if you lived in Dallas or Austin. This small step will guarantee that the loans will be accessible to Texas residents and that you don’t waste your time. It’s simple.

 

Consider Fun Money

Fun money is the money that’s reserved for activities that bring you joy and excitement. You can use it to fund your weekend hobbies, nights out with your friends and whatever else makes you happy!

Now, why is this an essential part of your budget? Well, leaving fun money out of your budget will make it too restrictive and difficult to stick with. Eventually, you will feel like you’re depriving yourself of the things that you like to do and stray from the budget’s boundaries. You might spend a lot more in these moments of rebellion than you would if you had given yourself the freedom to do so in the first place.

A personal budget that you can’t stick to isn’t a good budget at all. Give yourself a sensible amount to spend on fun every month and let yourself enjoy your money.

 

Do Monthly Check-Ins

You don’t make a budget and then forget about it. You have to check in on it to make sure that it’s working for you!

Monthly check-ins give you an opportunity to notice problems with your budget and make adjustments accordingly. For instance, you might notice that you’re paying for more streaming subscriptions than you could possibly watch. So, you can decide to cancel the streaming subscriptions that you’re using the least and enjoy the savings.

 Use an App

A good-quality app can make your budget much more effective. The top budgeting apps can connect to your online banking so that you can track your expenses in real-time. This can give you an accurate view of your spending and show you whether your budgeting boundaries need adjusting.

It’s not enough to have a basic budget. You should want to have an excellent budget. Follow these steps and make sure that this financial tool is the best that it could possibly be.

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Health insurance for self & family,

Know the genuine reasons to consider purchasing health insurance for self & family

Know the genuine reasons to consider purchasing health insurance for self & family

The truth is that many still avoid buying health insurance. They think that it is just a sheer waste of money. But what they are not aware of is that this insurance when adequately taken can prove to be a health shield during medical emergencies that might arise at any time. Hence, buying a policy should be part of your annual financial planning. This is something that you should not avoid or forget. With the help of Care Plus Health Insurance, you can expect your medical emergencies to be covered. You need to discuss with the qualified advisor to know what type of coverage and amount you seek. You may also include your family members in the list.

Overcoming increasing healthcare costs

The truth is that healthcare costs all over the world have increased manifolds. Still, India is considered to be among those countries to offer the general public the cheapest and most quality healthcare services. But still, the rise in price has left the majority in the lurch since their low monthly income and growing family needs do not leave them with any extra money. Without having a valid health policy, you will only suffer from want of money during medical emergencies. You are to pay hospitalization charges, doctor fees, medicines, oxygen, diagnostic tests, etc. The list simply seems to be endless and the bills tend to flow in thousands and even lakhs. An ordinary person will have to resort to taking loans from others, money lenders, or banks. But then, what if you don’t get the desired money on time? In medical emergencies, time is vital. You are to save yourself and your beloved one. What if you are the breadwinner of the family and others entirely depend upon you for everything? This particular situation will become all the more miserable if you are hospitalized and do not have a valid health policy. This is where a health policy proves to be a real savior.

There were already diseases like cancer, dengue, malaria, and general accidents that were increasing at a steady pace. But now, Covid-19 has come as a shocker that has affected millions and even caused death. You and your family need to stay protected from all major diseases. The only way to do this is to avail a good and comprehensive health insurance policy from a well-established provider.

Financial backup

The truth is that health insurance is no more a luxury, but a reality. You cannot bypass it. it offers you and your family the desired financial backup, especially during a medical crisis. With a valid policy on your hand, you can feel safer and can derive better quality medical services and doctors at the best hospitals across the country. Uncertainties and health risks are considered to be part of life. It is not possible to time your sickness. But then, you may always be better prepared to face such issues without much hardship or worry. Now, the best quality medical services can be availed immediately anywhere in the country without having to wait for financial arrangements. Whatever be the medical issue you or your family faces, your policy will cover it, provided the issue is under coverage.

What is the purpose and types of health insurance?

Health insurance is considered to be that insurance coverage type that covers medical expenses that the insured has to face during emergencies or routine visits. The policy reimburses for expenses that are incurred from injury or illness or pays directly to the care provider. Doing some research will help you to come across a variety of health insurance plans like family health insurance, individual health insurance, critical illness insurance, and others. You need to first determine your specific requirements and the budget that you can spend as this will determine the type of coverage and premium amount you will derive in your policy. You can ask your friends and family for advice on the best health insurance. Furthermore, dentist near me Germantown advises that you also ask your doctor as they may be able to provide great options.

Financial support & Income Tax benefits

Family medical needs can be taken care of with a comprehensive health insurance policy. Some of the reasons You also get tax deductions on paying insurance premiums under 80D of the Indian IT Act. Deduction of a certain amount can be availed by individuals until age 60 years for premiums that are paid for self-coverage or for spouse and children. The additional deduction is also possible if wealth insurance is purchased for parents of age 60+ years. The deduction is offered concerning payments on health insurance policy annual premium. It also includes senior citizens’ preventative health check-ups or medical expenses for every senior citizen. A knowledgeable advisor can provide more details on how you can save tax money with a health insurance policy.

Whatever be the reason, you do need a good and comprehensive Care Insurance policy that will safeguard you financially from medical-related expenses. Also, you can be assured that your family members can derive the very best medical treatment at the best hospitals in the country.

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For Saving Our Infrastructure, Make Every Road a TollRoad,

For Saving Our Infrastructure, Make Every Road a TollRoad

For Saving Our Infrastructure, Make Every Road a TollRoad

It’s called the tolling of roads. It’s real simple, folks. You don’t want to pay for public infrastructure? Then you shouldn’t be using it. If you own a car and drive on public roads, then you should be paying tolls when you do so. Btw, you can do it with this awesome app – Uproad that works on iPhone and Android. Save your time and money. You’d buy a transponder and stick it on your windshield, and it would track how many miles you drive on a given road. You’d pay however much the state does for every mile you drive, so if the tax is $0.25 a gallon of gas, then you’d have to pay that same rate.

Of course, there are problems with this plan – one of which is that it isn’t fair to poor people – but the biggest is that every state doesn’t have its system of HOV lanes and such so that those interstate highways would be free. That’s okay. Toll all the roads, and you’ll see how much they need fixing in a hurry when nobody drives on them anymore, and it’ll encourage people to get out of their cars. If they need to work fine – but they have to pay for it. It’s a win-win situation any way you look at it. Toll the roads, fix the infrastructure, save money for governments all across America who are watching tax dollars drain right into potholes. So let’s get tough on people who complain about high taxes but don’t want to pay for roads: toll the roads, folks – every one of them.

 …or something like that. I am not sure whether or not it would work, but it seems more logical than what they are doing now.

– Tolling is a method of charging fees on-road usage, either to pay for their construction or upkeep.

– Toll roads are a type of road for which toll (“usage” or “entry”) fees are assessed when traversing the highway, usually in the form of electronic toll collection gantries on specific lanes.

– Toll roads have reduced traffic congestion by allowing automated toll collection, which speeds up traffic. As a result, toll roads benefit road users by reducing the time they would otherwise be stuck in traffic and increasing their travel speed.

– Toll roads reduce air pollution and fuel consumption by decreasing the amount of idling at intersections and traffic lights and encouraging vehicle occupants to use public transportation or carpools instead.

– Toll roads are often less safe than free ones, but they are usually better lit. Toll roads require drivers to pay at least monthly fees for road upkeep, leading them to complain that tolls are an unfair tax on their vehicles.

– Toll roads became more common in the 1980s and 1990s as local, state, and federal highway budgets dwindled, and politicians sought more funds to build roadways. Toll highways increased mass transit usage and helped protect the environment by reducing air pollution caused by traffic congestion. Toll roads are designed as “managed lanes” that encourage people to use public transportation or carpools instead.

– Toll roads have been created partly to fund the cost of construction and maintenance and somewhat to keep non-toll users away from what are seen as “congested” or “overused” thoroughfares. However, toll roads have been criticized for pricing poor people off the road to ease congestion, resulting in able drivers alone paying for all upkeep costs.

– Toll roads require fewer stops and starts, reducing traffic congestion, and increasing roadway capacity by providing a non-dedicated lane in the highway for paying users. Toll roads have been criticized as being elitist or regressive taxation that diminishes traffic from lower-income citizens who cannot pay tolls on more extensive main roadways where they can be used. Toll roads also require significant initial investments of capital areas. Toll roads make it possible to work in one city while commuting from another city, thus reducing the number of people driving into cities for work every morning.

Where Has All the Money invested? 

 

The American Society of Civil Engineers offered US street organization a D level, glancing that one out of each five interstate miles is in helpless condition—potholed, pitted, inadequately painted lines, and the entire calamity. The reason is there’s no cash to fix them. Government gas charges should keep the Highway Trust Fund above water; however, lawmakers have not raised them since approximately 1990. Subsidizing for interstates has essentially deteriorated from that point forward,” says Robert Atkinson, a long-lasting transportation strategy wonk and current leader of the Data Innovation and Advancement Establishment. In contrast to government officials, swelling doesn’t stress over re-appointment, and the 70% increment starting around 1990 methods the 18.4 pennies Americans pay per gallon is worth not precisely ever. Moreover, as vehicles get more proficient, drivers are siphoning less gas, worsening the issue. Things are excessively awful to the point that, starting around 2008, Congress has needed to cover the Interstate Asset’s setback through occasionally (possibly unlawful) moves from the overall asset—that is, charge cash paid by everybody, regardless of how much (or how less) they drive.

 

A Reasonable and Adjusted Cure 

 

Over 10 years prior, Congress understood the subsidizing issue was becoming unmanageable, so they selected a bipartisan, free commission of specialists to discover arrangements. A Vehicle Miles Voyaged charge is the thing that it seems like: a cost that applies to any place you will go. Drivers tend to pay as per the mile at a rate that mirrors the actual expense of driving. The thought is well known. The more significant part of states has investigated burdening VMT. The most conspicuous has been Oregon. In 2006 the state enlisted 300 drivers for an experimental run program and equipped their vehicles with GPS. For every mile, they pay 1.5 pennies. 

 

Such restricted preliminaries have been genuinely effective; however, a direct cost for every mile doesn’t verge on tapping the VMT duty’s maximum capacity. A VMT expense could pack down on blockage by adding a couple of pennies to the per-mile charge during busy times or when drivers enter downtown areas. To control emanations, clunkers could pay a higher per-mile rate. 

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Bitcoin: Companies Supporting Bitcoin and Other Crypto,

Bitcoin: Companies Supporting Bitcoin and Other Crypto

Bitcoin: Companies Supporting Bitcoin and Other Crypto

Many big businesses accept Bitcoin as a valid form of money. The powerful special computers required to mine Bitcoin absorb large amounts of energy in China, with dirt-cheap and weak restrictions. Tesla discontinued its Bitcoin offer approximately three months later, a firm whose whole image is upon renewable energy. Musk highlighted environmental concerns and the enormous volume of fossil fuels to create a single coin. On 12 May, the mea culpa of Muske washed $365 billion in one day from the bitcoin market. For more precise and accurate information, visit bitcoin investment.

 

Microsoft

In 2014, it started taking bitcoin as payment for games, apps, or platforms like Windows Phone. Microsoft became an early adopter. It was a year of controversy with the most significant Bitcoin exchange in the world, Mt. Gox, falling into bankruptcy following a flourish of fraud, hacking, and events that lost hundreds of millions of Dollars of Bitcoins.

 

Home Depot Home

Its acceptance is crucial since it indicates that you may buy goods with Bitcoin for your entire house. Home Depot supports Bitcoin payments using in-store checkout systems from Flexa. It simplifies the use of Bitcoin for payment since the partnership of Gemini with Flexa has eliminated the friction frequently associated with Bitcoin transactions.

 

Twitch

Twitch is the 800 livers gorilla on the video platform block for streaming. Like Whole Foods, Amazon owns Twitch. It takes cryptocurrencies as well as Whole Foods — not just Bitcoin. However, in June 2020, Twitch returned this functionality to the joy of its crypto-conscious fans.

 

Shopify

Shopify mentions four payment sources on its website as additional payment options. Over 1,800 cryptocurrencies are traders’ payments, including Bitcoin, Ethereum, and Litecoin. Shopify allows retailers to use the platform to pick their preferred payment methods.

 

Rakuten

Japanese shopping/cashback website Rakuten started enabling consumers in 2015 to select Bitcoin as their payment option. The firm started with Rakuten.com in the U.S. as part of a worldwide Bitcoin rollout before expanding the new services to its equivalents in Germany and Austria. Since then, the Rakuten Wallet has to accommodate Altcoins like Ethereum.

 

Pizza Hut

Bitcoin may now buy and pay for the large pizza company Pizza Hut in Venezuela by November 2020. It happens after economic sanctions have slammed the nation, which has driven bitcoin acceptance to new heights. While this is not a worldwide step, it may be a forerunner for what will happen.

 

Newegg

Giant Newegg online electronics welcome Bitcoin — and they’re all-in. In contrast to some others, Newegg may pay for cryptography in cash through an app or a third-party provider. All you have to do is pick ‘Pay with Bitcoin’ and take the shipping steps for buyers who buy via a computer. For customers shopping on mobile phones, Newegg will send a Q.R. code for scanning. Newegg also provides cryptocurrency mining starting kits to anyone who wants to get created Bitcoins on their own.

 

PayPal Holdings Inc.

PayPal announced in October 2020 that consumers in the U.S. could buy, trade, and store a limited amount of cryptocurrencies directly from their Cash or Cash Plus accounts by 2021. You can learn about cryptocurrencies and track them using your PayPal app.

 

Starbucks

As masks began to cover faces throughout America, Starbucks declared in March 2020 that it was embracing the Bitcoin revolution—sort of it.

 

Apple

BitPay is an application that enables users to buy Bitcoins and use Apple Pay prepaid Mastercard. The BitPay wallet software supports several cryptocurrencies, including Ether and Bitcoin Cash and stable USD currency, Paxos Standard, Gemini Dollar, and Binance USD.

 

Etsy

Etsy does not have a mechanism to take Bitcoin as a payment site, but the independent merchants that provide their platform can accept cryptography in their respective stores. In this example, when purchasers click on that option, they may send their payment preferences to the purchaser — Bitcoin. The seller then answers the transaction with a Bitcoin address. The Etsy Community Forum offers a unique Bitcoin-style page with tutorials to tell merchants how they accept Bitcoin and make the process work properly.

 

Overstock

In 2018, CNN said that Overstock was “essentially now a crypto-company,” an exaggeration based on the substantial online retailer investment in technology blockchain. At the time, Overstock was already a Bitcoin veteran – before COVID increased to its present prominence as one of the world’s top E-Commerce platforms.

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Accessible Tips To Save Time & Money Tools,

Accessible Tips To Save Time & Money Tools

Accessible Tips To Save Time & Money Tools

In the commercial transportation business, most people agree that toll roads are here to stay. With the cash needed for infrastructure projects, the number of toll roads will almost certainly expand in the coming years. The toll is a charge that may pile up quickly for a fleet of any size because it is time-consuming to handle and can soon accumulate.

Are you prepared to save money on tolls? The upload has listed below are the top five considerations to keep in mind while developing a strategy for toll management. Gladly, this article will give you useful tips about the i294 toll road in Chicago also.                                                                                                                                                                                                                                                                                                                                                                              1. Do Not Pay With Cash

As a result, many tolling authorities may provide a discount to vehicles that use a transponder because cash transactions take longer and entail a significant amount of overhead for the tolling authority.

If you use a toll road regularly, it makes sense to investigate transponder choices and the discounts that come with them. It also allows your vehicles to pass through toll facilities more quickly, and it will enable you to trace all of the transactions much more rapidly than if you were to use cash.

  1. Make Use Of Volume Discounts To Save Money

In addition to the transponder discount, many tolling authorities may provide commercial fleets with volume discounts based on the frequency of travel or the amount of toll collected.

Among other things, some states offer small and mid-size fleets with access to the highest possible volume discounts, which they would not otherwise be able to obtain on their own.

  1. Be Cautious At Peak Hours

The majority of tolling authorities charge higher fees during peak hours, usually to alleviate traffic congestion during weekday commutes and other busy times of the day.

If you travel on toll roads and through tolling facilities outside of peak hours, you will be able to move more swiftly and efficiently while also incurring fewer costs.

  1. Keep An Eye Out For Any Violations

Approximately three percent of all electronic toll transactions result in a misread and failing to dispute these misreads can cost up to 60 percent higher than it should have been. However, by paying close attention to any breaches, you may keep prices down and pay for the tolls that you incurred on your journey.

  1. Minimize Inefficiencies In The Back-Office

When you have accounts with various tolling authorities, you can spend hours or even days every month rearranging invoices and sending payments through a variety of interfaces to keep everything running smoothly.

Consolidate your toll management as much as you possibly can. You will save time in the back office while also gaining a more accurate picture of toll consumption throughout your whole fleet due to this implementation.

Do Toll Tags Save You Money in the Long Run?

Do not you despise it when you have to come to a complete stop to pay a toll? You do, without a doubt! Furthermore, you must stop and lose crucial time while delivering the toll on a road that you must proceed on.

You might think it is inconvenient, but it is not so bad if you only have to deal with toll roads every few months when you drive outside of town. However, if you are one of the thousands of Texans who rely on toll roads to commute to and from work daily, the situation is quite different. Those tolls can pile up quickly, not to mention the enormous amount of spent time.

What If There Was A Simpler Solution?

Fortunately, there is. A TollTag is a small yet valuable object established by the state of California. The TollTag is attached to the inside of your windshield. When you pass through a toll booth, your vehicle is electronically scanned, and they deduct the toll from your pre-paid account balance.

You can set up your TollTag account online to automatically debit monies from a credit card or bank account when the report is accessed. Yippee! There will be no more digging for a change!

What Does This Mean For Me?

First and foremost, it eliminates the need to stop and pay a toll. However, there is perhaps more of a creative streak. You will also save money as a result of this. You may be able to save as much as 50% off the amount that a cash consumer would be required to pay. Yes, you read that correctly: fifty percent. That represents a significant saving only for having a TollTag on your vehicle.

However, not all toll roads will provide a discount of this magnitude and duration. However, while each route has its pricing structure and savings, owning a TollTag will save you at least 10% on your tolls, with the average protection being approximately 25%.

These savings can mount up if you have to pass through several different toll booths throughout the day.

Why Would They Do Something Like That?

The state provides such a significant discount because they will receive a payment if you have a TollTag. In any other case, they run the danger of drivers not paying the tolls at all. As a result, TollTags are a win-win situation for everyone involved.

Additionally, think about how much time you will save by not stopping at toll booths any longer.

Bottom Line 

Traveling is an expensive adventure, but there are a few ways to save you money and time, so in this article, we have given a few tips to save time and money from tolls.

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JD.com Announces Employee Pay Raise by 14% for the Next Two Years in Show of Strength,

JD.com Announces Employee Pay Raise by 14% for the Next Two Years in Show of Strength

JD.com Announces Employee Pay Raise by 14% for the Next Two Years in Show of Strength

 

On July 13, JD.com, a leading online retail organization in China, announced that it would hike employees’ annual salaries by 14% over the next two years to showcase its financial strength at a time when the majority of its rivals continue to struggle with regulatory scrutiny. In a short notice published on the company’s WeChat social media platform, the organization said it would raise average employee salaries from 14 to 16 starting July 20121 to July 2023. As of March, this Beijing-based had about 370,000 workers, after hiring 100,000 more up to December 2020. It made this move to boost employee morale. Nevertheless, this move has sparked a hot debate on Chinese social media platforms. Netizens questioned why the organization decided to raise the employee pay at a time like this when pay increment rates have significantly dropped. As China’s National Bureau of Statistics indicates, average salaries increased by 4.3% in 2020, but this growth reached 12.4% in Q1 2021.

According to media reports, although this increment might not cover all the employees, this move contrasts what this online retail giant experienced two years ago when Richard Liu Qiangdong, the company’s founder and CEO, said that the delivery drivers would get paid depending on the number of deliveries they made. At the time, the company experienced financial struggles after Liu got detained in Minneapolis for defiling a Chinese student. Although the police eventually dropped these charges, this scandal continued to affect the business.

When the COVID-19 pandemic hit, this e-commerce came back with double sales growth as most people shifted to online shopping for everything from luxury goods to groceries. During the first quarter of 2021, the company’s net revenue increased to 203.2 billion yuan ($31.57 billion), a 39% year-on-year increase. Correspondingly, net profit attributable to the shareholders reached 3.6 billion yuan, a 227 billion increase from 1.1 billion yuan in the past year. In a letter issued to investors when the company had celebrations for its 18th anniversary, Liu attributed its success to the employees and asserted that the company was responsible for making the employees happy. Therefore, the company made this move to attract and retain talent and stabilize some workers who intended to leave.

 

About JD.com

Established in 2004 in Beijing, JD.com is one of China’s leading online retail companies and the biggest e-commerce organization by revenue. This e-commerce giant stands out from its rivals due to its commitment to quality, authenticity, and diverse product offering, from electronics to cosmetics to clothing to fresh foods. With its extensive network across China, the organization offers exceptional same-and-next day delivery services, serving about 1 billion clients. Its cutting-edge retail infrastructure allows customers to purchase what they want, wherever and whenever they need it.

 

Most consumers acclaim this company for offering high-quality products. The organization implements a zero-tolerance approach to ensure the delivery of genuine products to its customers. The use of direct sales as the business model and a marketplace that limits the number of sellers enables the company to assume total control of the supply chain and maintain quality oversight. This e-commerce giant is a perfect partner for international and local brands that target Chinese clients online. It offers various services to help other brands enter the Chinese market, including big data analytics, marketing, consumer targeting, financing, and logistics and warehousing. As a technology-driven company, this organization develops scalable and reliable platforms that add value to investors and customers in segments like internet finance, logistics, e-commerce, cloud computing, and innovative technology. The organization operates through two primary business segments: New Businesses and JD Mall. The New Businesses sector includes logistic services offered to third parties, overseas businesses, insurance, technology services, and O2O. On the other hand, the JD Mall denotes the company’s key online retail business. This company also offers a virtual marketplace where third-party sellers sell goods to clients primarily via its mobile app and website.

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