Top 3 Qualities of a Reliable Precious Metal Dealer

There are many precious metal dealers available both offline and online. However, not every supplier or Dealer is worthy of customers’ confidence and trust. Some dealers have managed to gain a strong base of customers by offering their customers the best and what they deserve. The following are some of the qualities that precious metal suppliers or dealers should have.

Reputation and Due Diligence

Status is an important aspect to consider when dealing or purchasing from a precious metal dealer. An individual should make sure that the company they choose to sell their silver or gold should have an untarnished reputation. When one considers a specific dealer, then it is his or her responsibility to view the company’s reviews online. It is always advisable to conduct several Google searches like scam reviews and experiences concerning a specific dealer before doing any business with them. When one performs one of these searches, an individual should look for genuine reviews of their company of choice.

In some cases, some companies pay marketers to post extremely positive reviews for them or even post negative revisions to their competitors. In this case, a person should be able to identify genuine reviews written from the perspective of a real user. An individual can visit Spot4Coins.com to get more knowledge of this.

References from Clients

It is also essential for the customer to request from their Dealer at least three clients’ recommendations. Also, one should note the private nature of being the owner of gold or silver, and most individuals decide to stay anonymous. This is an advantage to potential customers since most of the best clients of these dealers will not reveal themselves. This is because one will only make to talk a few less familiar clients. An individual will take his or her time to speak with references, and the longer one talks with them, the more information one will uncover. Also, it is wise to raise particular questions concerning the selling and buying process, the trustworthiness of the Dealer, customer services, among others.

The positioning of the Dealer

All dealers of precious metal got a core collection of beliefs on how to invest appropriately in physical gold and silver. The challenge is that moral core beliefs in a wise investment to not always to profitable Dealer’s position. The high point to understand is that there will be more money and margin made for dealers in rare, numismatic, and European coins in contrast to those in standard coins and bullion bars. Although, there is a room for numismatics for collectors and speculators. A reliable and trustworthy dealer of precious metal does not use scare tactics and sales tricks to upsell customers from bullion to numismatics. A person should enquire from the chosen company website or visit Spot4coins.com before placing a call. One can know whether they want to lift margin items high without being concerned with customers’ investments goal and strategies.

It is always advisable for individuals to look for the above qualities while searching for reliable, trustworthy precious metal suppliers or dealers. In that case, one will be able to avoid scammers and invest well in this business. 

How To Pick The Best Value For Money Home

Buying your first home is an exciting moment in your life. However, we need to be aware of a few things in order to be satisfied with our purchase.

Sometimes we make rushed decisions, and that leads us to experience buyer’s remorse. We may start noticing defects in the house that we didn’t see before, and then we start questioning our purchase. But it’s too late – you already bought it! 

People search for months to find their “perfect home”. But the truth is that no house is perfect. Purchasing a home is a significant investment, especially for those who work really hard to earn money. If you get a loan, you might get into debt, but it’s the best investment you could make.

No one knows what their future is. You might have an outstanding financial situation right now, but later you could go crashing down. That’s why we need to make investments during our flourishing times. That way, you make sure that you have somewhere safe to live. 

After buying the house, you shouldn’t keep looking for houses. You might encounter a similar home at a lower price point. But don’t worry, we’ve got some tips to make sure that you pick the best house at the best price.

Choose the Right Neighborhood

If you want to get the best value for money, you need to take a closer look at the neighborhood you’re interested in.

Some neighborhoods are more expensive than others. It all depends on the location and what’s around them.

For example, an apartment in Montreal is going to be expensive due to the fame of the city. But, if you still want to be around that area but at a lower price, you could search condos for sale in Griffintown. It is still located in Montreal, but a bit further from the central city.

Being a little further from a city has its benefits. You can enjoy fresher air and a quiet neighborhood, but you can always go to the city for those things you need to buy. 

Look at Recently Sold Properties

Before making the big purchase, you should look at similar houses to the one you’re interested in.

A comparable property is one that is similar in location, size, commodities, and condition. If you find one, you should compare both of them. 

Comparing two houses involves questioning whether they are at a similar price point or not. Is your house more expensive than bigger houses? Or is it cheaper than a similar one?

All of these questions can be answered with a quick online search. If you find that the house you want is more expensive than others similar, you should ask for a different price or search for another house all around. 

Research about Unsold Houses

Unsold houses can speak volumes about a property. Most houses don’t sell because they are overpriced, and this can be the situation for your future home that you might not even notice.

Sometimes, an overpriced home has its reason for being at that price. Maybe the previous owners did a lot of renovations and put expensive materials in the home. This is the only scenario that could justify a higher rate than other houses. 

The inside of a home tells us a lot about the owners. It doesn’t matter if the property is rather small; as long as the inside looks luxurious, it will elevate the price over other houses.

Market Conditions

An essential part of buying a home is researching the market. Similarly to the stock market, the real estate market also fluctuates a lot. 

Sometimes, there is a peak of prices, and other times, the prices decline. You need to research those fluctuations and see where you stand on. If the market is declining, you might feel that the houses are overpriced. On the other hand, if the market is at its peak, this is the best time to buy because some houses might maintain their original price. 

For Sale-by-Owners Properties

This is when the owner itself sells the house without a real estate agent. Usually, the prices of these homes are lower because when the real estate agent sells, they get 6% in commissions. 

Without the presence of a real estate company, the price should go down due to the non-existence of the commission for the agent. 

Sometimes, these owners who decide to sell themselves, might not set a reasonable price. Maybe the agent told them a price, and they weren’t happy, so they went with a price that they thought was fair. 

Final Thoughts

Buying a house is complicated, and it involves a lot of factors. Make sure that the price is fair for the house, and apply all these tips during your purchase.

Online Security: 3 Easy Ways to Protect your Identity

In today’s world, internet hackers are smarter and savvier than ever before. You may not realize the dangers they can impose until your private email or online accounts are compromised. The good news is, there are things you can do to prevent these types of intrusions from occurring.

Here are 3 easy steps you can implement today to protect your security online.

Select a strong password

The first line of defense against a hacker is setting up a strong password for each of your online accounts.

Although it may be convenient to use a familiar word or numerical sequence that you can easily remember, such as an address, zip code, favorite car, or pet’s name, it’s far more effective to create a password that no one can crack. If you use a common password, it’s possible that a hacker could access your account, click on the “Forgot password” link and use information about you to guess your password.

Instead, create a strong password that includes a random combination of uppercase and lowercase letters, numbers, punctuation marks, and symbols. Write your password down and keep it in a safe place so that you can easily access it. The more complex your password, the less likely a hacker will be able to gain access to your accounts.

Beware of spam

One of the tricky ways hackers can infiltrate your accounts is by using spam or phishing tactics. When this occurs, your contacts will receive an email from the hacker (posing as you) asking them to click on an untrusted link. This, in turn, allows a hacker to access your personal information.

While it can be difficult to tell if your email account was abused in this way, a quick check of your sent email will help identify anyone who was targeted from your contacts list. If you do find someone contacted by the hacker, let them know immediately that you didn’t send the email to them and to NOT click on the link.

Two-factor authentication

In addition to passwords, a different type of security mechanism called two-factor authentication is becoming increasingly available. Using two-factor authentication ensures that even if someone has your password, they still need something else before they can get into your account. That can range from a fingerprint to a pin number. Two factor authentication simply allows you to protect your account with an added layer of security.

In the age of the internet, it’s unfortunate that users have to be concerned about the security of their private accounts, but taking a few extra precautions will go a long way toward maintaining peace of mind.

 

Luxury You Can Afford

It is never wrong to dream of having something, even if it may seem too expensive or hard to attain. You will never know when an opportunity could arise that would be able to help you reach your dream. Since you were a kid, you already probably had a dream car in mind, or maybe even as you are growing up. One of the best cars that most people dream about having is actually a Mini. Although not most people are able to actually get a Mini of their own because it can be expensive. This should not be the case for you because you could actually get a Mini Cooper leasing deal to get your hands on one.

 

The Mini is a True Icon of British Motoring

There is nothing more patriotic than driving a Mini Cooper. With its British style and design paired with a German engineering, you are guaranteed to have a top-class car that is highly durable with great performance. Built in Britain, it has the same iconic value as the Big Ben, the London Eye, or even a hot plate of fish and crisps. Not to mention that Mini cars also have a racing heritage that conquered the world for decades. It will always have that edge that no other British car could boast about. The beauty in leasing it means that you would be able to get a hold of the iconic Mini Cooper without having to break your bank accounts and pockets.

 

Cheaper Maintenance 

You would not have to spend so much if you would use a Mini Cooper daily most especially for your city driving. With other car makes and models, you would need to spend on oil change and regular maintenance checks within a few months’ time. Just imagine how much that would cost you within a year. But with a Mini, you could do an oil change and maintenance check-up just every two years. And because it would have a manufacturer’s warranty that lasts up to three years, you would not even have to pay for it in the first three years of driving it – more so if you would only have a lease period of three years, so you do not have to pay for any type of change oil or maintenance check-up at all. This is one of the greatest factors why the Mini Cooper is one of the best city cars you could get your hands on. Not only that, but it actually also has a great gas mileage. Meaning, even if it requires a premium kind of gasoline, it would not cost you as much compared to other cars with similar needs. 

 

Leasing it Out Would be Way Cheaper 

Buying your very own 5-door Mini Cooper would cost you £18,335 for a manual kind, and £19,735 for an automatic ride. This is the selling price without having to undergo any financing services which would entail your payment to annual interest rates which would be applied depending on the number of years that you would like to pay for the car. Not to mention all of the additional costs you would have shoulder such as registration and insurance fees. If on the other hand, you choose to get a Mini Cooper through leasing, you would only have to pay an initial payment of £799 with a monthly £299 payment for 35 months for a manual car with an 8,000 mileage; and an initial payment of £999 with a monthly payment of £379 for an automatic car with a mileage of 8,000 miles. Not only will you be paying less for the car, but you also would not be subjected to additional costs along the way.

 

Test It for a Limited Time 

When you lease out a Mini Cooper, there is no commitment for you to stick with the car in let us say, five to ten years down the road. When you buy a car, you would have to stick with it and maximize its value before you get a new one. The sad thing about that scenario is that you would not always be able to resell your car for a high value because of its depreciating nature. With leasing, you would not even have to worry about how to resell the car to prospective buyers and even computing for its resale value. Typically, a lease contract would only last for a minimum of 3 years, which could be extended. If for any reason, you would not be happy with driving a Mini Cooper during those 3 years, you could just simply to choose to lease out a different kind of car after your lease period expires. Because there is no long commitment, there is also no high burden for you to bear.

Personal Finance Tips on Loans, Savings Accounts, and Credit Cards

Debt down under is something that requires a fresh approach. Why? Because according to the Australia Reserve Bank (ARB), the ratio of household debt to disposable income in Australia hit a record high of 189.7 percent in March 2019 – with outlooks for 2020 calling for a miracle to turn the tide. Finance experts have continually speculated that the ratio will hit 200 percent soon, making it the highest in the world.

With that in mind, it’s particularly important to reflect on your personal finance to avoid becoming over-indebted. How you’re budgeting your money, your spending habits, and debts are some of the things you should assess. Failure to take control of your personal finance can lead to piling debts, failed goals or even insolvency according to Finance Fox.

 

Based on some local information for the Australian market from the resource mate.com.au, we were able to gain some valuable insights and tips. Below we’ll share some interesting personal finance tips to help you learn more. Read on!

What Is the Meaning of Personal Finance?

Personal finance basically refers to how you manage your money, savings, and investments. It’s a blanket term that covers insurance, banking, budgeting, investments, mortgages, taxes, estate planning, and retirement planning.

 

As an individual, personal finance is all about meeting your financial goals, saving for the future, and planning for retirement. In this case, your financial health depends on your expenses, annual income, desires, and living requirements.

 

It’s about having a sound plan for your income and taking advantage of things like tax breaks, discounts, and offers to save more. Understanding your financial needs and being financial literate can help you make sound decisions about your budget and spending.

 

Roland Bleyer, the CEO and founder of Mate.com.au says that “for too many years, Australians were loyal to their banks, did not switch their credit card and savings accounts and paid a heavy collective penalty for this. The nation is now becoming smarter, relying on technology to help them find better deals by comparing the market and switching to financial service providers with much better deals”. 

Personal Loans

Whether it’s a wedding, starting a business or paying for education, millions of Aussies look to personal loans for a financial helping hand. These loans can be used for almost anything, but not all loans are similar.

 

You can opt for a secured or an unsecured personal loan. Secured loans require you to place an asset as security. In this case, the creditor will sell the asset if you fail to pay the loan. With an unsecured loan, the creditor expects you to make repayments using your income.

 

Before applying for any loan, ensure you’re capable of paying it back in full together with the interest. Also, strive to find loan products with the best rates to keep your repayments low. Be sure to have a great credit score, anything between 622 and 1200, to get the best rates.

 

You also have the option of picking your desired rate: fixed-rate or variable rate. A fixed-rate loan means your agreed rate doesn’t change regardless of changes in interest rates. It can be a good option if interest rates increase; this means you’re protected. A variable-rate means your repayments will change over the course of the loan.

Savings Accounts

Having a savings account can boost your personal finance goals significantly. Basically, these accounts allow you to earn interest on your savings. The more you save the more you’re likely to earn. Avoiding making regular withdrawals can also earn you better rates.

 

The secret to getting the right account is comparing rates offered by different banks. A tool like Mate makes comparing savings accounts a seamless task. The problem is that most banks that offer the best rates have introductory periods, which can be about 4 months. This means the interest rate reverts to the standard rate, which can be less than 1 percent, after the period.

 

Or, you can consider savings accounts that have a term deposit. With these accounts, you’re not allowed to withdraw money from the account until the end of the term. Failure to adhere to this condition can lead to a hefty penalty. The trick with a savings account is to save more and withdraw less.

Credit Cards

Credit cards are ideal for those people who want to carry less cash around. In Australia, you have access to over 200 options when it comes to credit cards. However, these cards have varying rates and eligibility requirements.

 

There are also different types of cards, each designed to meet the needs of the targeted group. These cards include low-income cards, low-interest cards, business credit cards, student credit cards, prestige credit cards, rewards credit cards, and no annual fees cards. These cards have different features and credit limits.

 

When looking for a card, consider the features, such as insurance cover, travel extras, and rewards. Some cards offer interest-free days as long as you clear your monthly balance on time. Also, if you like traveling, opt for cards that have no foreign transaction fees.

 

Basically, the right card for you depends on how much you’re willing to pay for the card. Typically, big spenders get more rewards, higher interest rates, better features, and higher credit limits.

Personal Finance Strategies

A 2018 study showed that about 86 percent of Aussies didn’t know their personal expenses. If you want to control your personal finance, be sure to create a budget to monitor how you spend your money. For example, you can have 20 percent of your income going into savings and debt repayments.

 

Be sure to set money aside for an emergency fund. You don’t want to dip in your savings every time you have unexpected expenses. Financial experts recommend having an emergency fund worth three to six months’ worth of living expenses.

 

Keep your debts as low as possible and strive to pay them off in time. Also, use your credit cards wisely. It’s advisable to keep your account balances below 30 percent of your total credit. Be sure to avoid hurting your credit score by paying your bills on time.

 

Most people will need about 80 percent of their salary during retirement. So, remember to save enough for retirement. Starting to save early could see you benefit from the power of compounding interest.

Final Thoughts

In a country where the rent to income ratio is disproportionately high, life can quickly turn gloomy when you’re not serious with your personal finance. With unexpected expenses and future financial responsibilities like school fees, you really need to watch how you spend your money.

 

You can start today by creating a budget and a savings goal. This way, you’ll strive to focus on your financial aspects that really matter. Saving more and spending less can really go a long way in improving your financial health.

Planning for your car purchase will pay off

While it can be useful to save your money and pay cash for most purchases, most of us will need a loan for major purchases. Buying a car certainly qualifies. Cars continue to get more expensive over time and few of us can save enough to pay cash for a quality vehicle.

Chances are you will have to apply for an auto loan. Here are some things to consider during that process as well as the car loans process.

Know Your Budget

It is a must for you to know exactly how much you can afford. You will have costs associated with a new car that go beyond just the monthly loan payment. There are taxes and fees to consider, as well as getting your vehicle registered. Your insurance costs may go up. Know what kind of maintenance is to be expected.

You may not be able to get a precise figure for all this. Still, you should have a good idea. There are plenty of online resources to help. It is imperative to be honest with yourself.

Know how much you can afford to pay as a down payment. The higher that down payment, the less you will have to finance, potentially saving you hundreds or thousands of dollars. Once you have a good idea about the kind of car you want and its price, then you can use an online calculator to estimate your monthly payments.

Consider the total cost of the loan instead of just the monthly payment. A longer term for the loan will cost you more in the long run. Most of the time an auto loan will be anywhere from 36 to 60 months, although it can fall outside that range. Choose the shortest term that you can comfortably afford.

 

Understand Your Credit

It is simpler than ever to know your credit score. The three main credit bureaus are required by law to provide you with a yearly copy of your credit report. Another option is to join a credit monitoring service like Credit Karma. Try to clear up any negative marks before you apply for a loan.

The higher your credit score the better terms you can get on your loan. If you have negative marks that you dispute you can attempt to get those removed from your report.

Shop Around

You are not done just yet with your research. There are a number of ways you can get a loan. Most commonly people use traditional banks. If you already have established a business relationship with a bank, this might well be your best option. Don’t assume that it is.

You might do better with a credit union. Online banks are much more numerous than ever before. That creates competition that is good for the consumer. Just make sure it is a trustworthy source.

Once you have found the best choice for your loan, it is time to get preapproved. This is a step that helps you know how much loan you can expect to qualify for, although it is not a guarantee. Once you have gone through this process, it is time to head to the dealership.

That is where all your planning and work will pay off.

Are There Laws Which Protect Consumers Against Illegal Debt Collection and Credit Reporting?

If you are late with your credit card, auto loan, medical or home mortgage payments then you risk having your past due debts placed in the hands of debt collectors. You also run the risk of having a debt collector report your past due credit accounts to a credit reporting agency. Keep reading as the experts at IBS collection compliance explain more.

If you do not know what a debt collector is, it is a person, a company or an attorney acting on behalf of a debt collector whose job it is to collect past due debts. There are many debt collection agencies which operate lawfully. However, there are also many debt collection agencies which are known to use illegal means to collect debts from people. Examples of illegal collection activity include physical and verbal intimidation, repeated phone calls all day and night and calling debtors at their work place.

Dealing with debt collectors can be a nightmare if you do not know about the federal laws which restrict what debt collectors can do and say when attempting to collect past-due debts. There are also federal laws which can help you monitor and dispute credit accounts which have been illegally reported to credit reporting agencies.

The Fair Debt Collection Practices Act (FDCPA) restricts illegal debt collection activity. According to the FDCPA, the following are examples of what debt collectors are not allowed to do or say when collecting debts.

 



Debt collectors cannot call you before 8:00 PM and after 9:00 PM. Debt collectors cannot call you where you work.
Debt collectors cannot call you at your place of work if you inform them you cannot take collections calls where you work.
Debt collectors may not harass you in any way.
Debt collectors cannot contact you directly if you are represented by a lawyer.


A debt collection agency’s employees are allowed to notify you in writing that they will no longer contact you. A debt collection agency representative can inform you if the agency has filed a lawsuit against you. Agency employees might also contact you in writing to let you know you can contest the debt they claim you owe. Debt collectors will also let you know if they intend to report your negative accounts to a credit reporting agency.

Debt collection agencies are required by law to notify you of the original creditor’s name and address, how much you owe, that you can contest the debt and ask for the original creditor’s contact information.

After you receive the requested information, you have 30 days to contest the debt in writing. If you send the letter within 30 days, the debt collection agency is not allowed to contact you about the debt.

While the FDCPA is comprehensive in protecting consumers from unethical debt collection practices, it does not protect against the collection of business debts, collection activities by the original creditor or owner of the debt and the collection of federal and state tax debt.

The Fair Credit Reporting Act (FCRA) is another federal policy which provides guidelines on how your debts can be reported to credit reporting agencies. The law also gives consumers a way to legally dispute items which have been illegally reported to credit reporting agencies.

All communication with a debt collector should be in writing. Make sure to date and sign all letters. You should also send all correspondence by registered mail and require a signature of receipt by the recipient. 

NSBroker: Get All The Trading Support You Need

Trading may sound exciting but it’s not an easy thing to do. To enter the trading world you need to have proper knowledge about the important things. It’s a risky affair where even the most experienced people go down the line if things go wrong. Therefore, having the support of a trading broker may prove to be helpful in many ways. This is where the need for an efficient trading broker like NSBroker comes into the picture.

NSBroker is one of the best forex brokers out there. They are known to offer you CFD and forex exchanging with honor winning exchanging stages, quality executions, and tight spreads. They are there to help you in every step for 24/7.

What’s great about NSBroker is that they provide excellent security and administration to its customers. It is because of this reason that traders from all across the world trust them. They also offer multi-utilitarian Metatrader platform along with an assortment of trading assets.

As you may already know, client protection is of utmost importance in the trading world. This is where NSBroker shines with its various client protection scheme. They contribute to the Maltese Investor Compensation Scheme which provides safety to certain classes of investors, in case, NSBroker becomes insolvent. In such a situation, investors qualifying under the scheme will be eligible to get 90% of their investment, subject to a maximum limit of 20,000 euros. Other than that they also provide negative balance protection which ensures that the client’s balance will never become negative. With such great protection plans they have gained the trust of millions of forex traders out there.

Trading NSBroker also has many advantages. For example, they have more than 100 assets available for trading. Apart from that they also have over 30 stocks from all around the world. You can even trade cryptocurrency on the platform. There are over 30 different cryptocurrencies available for trading. With all these features NSBroker aims to be the best forex broker in the market.

Trading with them is not a hard task. All you need to do is follow four easy steps and you are sorted. In the first step, you need to register yourself to create your live trading account. The next steps to upload your documents and get them verified. Once your account is activated you need to deposit in it and then you can start trading all you want. By following these simple steps anyone can start trading even a newcomer. The entire process is hassle-free and can be completed quickly.

If you are ready to enter the forex trading market then NSBroker could be your guiding light. With their help, you can make the right decisions for yourself. Trading has never been this easy before NSBroker. You can avail live help from them any time you want. Once you associate yourself with them, they will stay by your side always.

Top Paying Jobs in Canada 2019

This year, statistics show that the majority of Canadians have been seeing an increase in income each year. In most cases, taxpayers are paying less and saving more. This is due to changes in rates pertaining to local and federal taxes. Overall, residents have seen some financial benefits in the past year.

We’ve compiled a list of some of the best careers income-wise for Canadians today.

Physicians

In Canada, specialist physicians such as oncologists, as well as general practitioners, make, on average, some of the highest salaries in the country. Depending on what type of doctor you are, salaries can range anywhere from $150,000 to $300,000. Things such as location as well as experience are also determining factors.

To become a practicing medical physician, one must graduate from an accredited medical school and be licensed to practice medicine. A residency, which is a training period of anywhere from three to six years, is also required before one can become a specialist. The average salary for resident doctors is typically $60,000.

Senior Business Managers

The average salary for managers involved in business-related activities is approximately $105,000 in Canada. This includes those who work in communication services as well as finance. Depending on how long one has been employed in this field, salaries may even go up to as much as $160,000.

Most managers have at least a bachelor’s degree. However, this may vary, as well. Some individuals with lower levels of education have been able to work themselves up the ranks. Your experience and skills are essential factors in determining your qualifications for the job. Nevertheless, an increasing amount of college graduates are now pursuing master’s degrees to better their chances.

Lawyers

Lawyers are one of the top earners in Canada today. On average, lawyers earn about $104,000 annually with some of the highest-paid receiving over $1 million. Depending on the type of lawyers, such as personal injury lawyers or corporate lawyers, salaries can vary significantly. 

To pursue a career in law, you must meet the educational requirements. Lawyers need to attend and graduate from law school. This is usually after they have already obtained a bachelor’s degree. Nevertheless, the years spent in school will definitely pay off in the long-run.

Pharmacists

Pharmacists are healthcare professionals that specialize in the distribution of medically prescribed medications and other drugs. Starting off, pharmacists can make as little as $56,000 annually. However, with more experience, the top earners can make up to  $160,000.

Pharmacists require a degree in pharmacy and need to pass a board-certified exam. Following this, they must be legally licensed to practice. This healthcare career, much like that of medicine, is great for earning one of the top salaries in the country.

University Professors

Depending on your level of education, as well as experience, college professors can earn salaries well over six figures. Their job includes lecturing to students such as those studying for their bachelor’s, master’s, or doctorate. Some also do research, which includes publishing academic books and articles. 

The average salary for experienced college professors is about $100,000 and can go up to around $160,000 for some. Many factors affect these numbers, such as how many years you’ve been teaching as well as if the position is full-time or not. Overall, professors can increase their salaries significantly with the more experience they acquire.

Conclusion

As you can see, there are multiple careers in Canada that have the potential to make you large sums of money in the long-run. However, education and experience are essential factors. For more information on these jobs or similar ones, check online for the latest Canadian job listings and the salaries they are offering.

How Early-Stage Startups Make Money

The startup industry is a lucrative one. That said, for a startup to obtain the money it needs to grow, there are players that need to be involved and processes that need to be in place

 

Between forming key relationships and crafting the perfect pitch deck for investors, there are a lot of elements involved in getting a startup off of its feet financially.

 

Especially in the early stages, startups make money by making smart choices — investing the right way, reaching out to the right people, building a unique presence and more.

 

Consider the strategies new companies use to attain working capital and sustain a growing business:

 

Investors

 

Investors are one of the most popular means of funding for startups. When a business shows growth potential, Investors put money into the company with the incentive of getting a portion of future profits or even stock.

 

These investors — angel investors and venture fund capitalists alike — aid businesses financially not only to get them off their feet but to earn a stake in the companies.

 

You typically attract these investors by delivering an engaging and informative pitch presentation. These presentations require a creative and clear pitch deck that will sell investors on the value of your business.

 

Fortunately, you can work with a professional PowerPoint design agency that will help you ensure your deck is unique, informative and persuasive. To learn the importance of a pitch deck and where to start, check out this guide to slide design for PowerPoint to give you some inspiration.

Crowdfunding Platforms

Business News Daily defines crowdfunding as “when businesses, organizations or individuals fund a project or venture with small donations from many people.” Typically, these funds are attained by using a crowdfunding platform to showcase the project, provide a means for donation and share incentives like exclusive rewards for those who donate certain amounts.

Kickstarter was a leading crowdfunding platform in the past, but nowadays, there is a wide range of platforms being used for collecting these funds.

Collaborations

Startups make money by spending less — and a great way to keep costs low is by collaborating with other startup companies with common goals in mind.

Especially when working in close quarters like co-working spaces and other spaces dedicated to startups, new businesses can utilize each other’s services and trade labour and work instead of money. By doing this, they can save on costs and form relationships that can be potentially profitable in the long term.

Say, for example, your PR startup provides social media support for a neighbouring web development startup. If you secure a client that also wants a website, that’s the company you will likely refer your client to. It’s a give and take.

Loans

All that said, one way many startups make money is by taking out a business loan. A business loan can provide the funds you need to kick start your business — invest in product, staff and office space.

This way, once you start selling product and generating revenue, a portion of the profits can be utilized to pay off the loan. Loans are often taken out for specific areas of growth like equipment, production, staffing, marketing and commercial space.

At the end of the day, there are a wide variety of channels a new startup can take to earn funds. The best route is often a good balance of the strategies suggested.