Kazakhstan Has Been Micromanaging Its Currency to Avert a Slump

Kazakhstan Has Been Micromanaging Its Currency to Avert a Slump

Kazakhstan’s central bank has been interfering in some tenge-dollar trades to prevent the currency from weakening too much amid an oil slump this year.

The bank micromanages the currency by delaying or denying some requests for transfers into dollars, according to five people with knowledge of the matter, who asked not to be identified. Such interventions go against the principle of the free-floating currency regime that Kazakhstan set in 2015.

The National Bank didn’t immediately comment on the trades, but said by email on Oct. 9 that it doesn’t target a particular tenge exchange rate or trading volume.

Kazakh President Kassym-Jomart Tokayev has tried to keep a lid on public discontent this year as he maneuvered the country through two coronavirus lockdowns and the nation’s first recession in more than two decades. He told central bank Governor Yerbolat Dossayev in July that tenge stability is important, and measures should be taken as necessary to prevent volatility.

“The tenge is politically important in Kazakhstan,” said Kate Mallinson, an analyst at Prism Political Risk Management in London. “If restrictions on trading freely in Kazakhstan were removed, it could precipitate a decline in the currency leading to possible popular unrest.”

When demand for foreign currency is high, lenders are forced to go to the interbank market, where the tenge trades at weaker levels than on the national bourse, four of the people said.
Umut Shayakhmetova, chief executive officer at Halyk Bank, Kazakh largest lender, criticized the lack of transparency at an online conference in September, saying the micromanagement is distorting many market mechanisms and could fuel inflation.

In March, the government began toughening conditions for dollar purchases, including halving to $50,000 the amount of foreign currency local companies can buy per day without supporting documents. State-run entities were also ordered to sell part of their export revenue.

The currency of Central Asia’s biggest energy exporter has weakened 10% against the dollar so far this year, compared with more than 18% for the Russian ruble. The tenge usually tracks moves in the ruble because Russia is Kazakhstan’s biggest trading partner and both countries are major oil exporters.

The difference can be explained in part by the fact that Kazakhstan sold $8 billion from its $56 billion oil fund this year to pay for increased spending, while Russia mostly raised debt.

Kiwi May Rise Above 70 Cents as Negative Interest Rate Bets Wane

Kiwi May Rise Above 70 Cents as Negative Interest Rate Bets Wane

The New Zealand dollar may extend gains after appreciating 4% this month as negative interest-rate bets fade and the global outlook improves.

The kiwi could climb above 70 U.S. cents this year as the domestic economy improves with the help of the central bank’s loan facility which is aimed at lowering funding costs, according to strategists. The Reserve Bank of New Zealand said it’s less likely to impose a negative official cash rate if financial institutions utilize the Funding for Lending Program.

New Zealand’s currency has outpaced most of its major peers so far in November as risk appetite improves on the back of positive Covid-19 vaccine developments and a resilient Chinese economy. It was trading around 69 cents on Thursday.
Here are some strategists’ views on the outlook for the kiwi:

Westpac Banking Corp. (Imre Speizer)

  • Expects kiwi to rally above 70 cents by year-end as the dollar weakens again on improved global sentiment. New Zealand’s economy, especially housing, has been resilient and will strengthen with the help of the FLP
  • “The RBNZ yesterday and today signaled that it acknowledges the stronger economy, and that if the FLP causes mortgage rates to fall significantly, then there will be less need to cut the OCR to negative”

HSBC Holdings Plc (Tom Nash)

  • “As fourth-quarter event risk clears, we think there will be more differentiation across G-10 FX on the basis of the strength and durability of the recovery in each economy. This bodes well for the NZD with growth proving resilient and all policy levers being used flexibly”
  • Negative rates could temper this out-performance although NZD/USD is still expected to reach 0.70 by mid-2021 after settling near 0.68 this year

Bank of New Zealand (Jason Wong)

  • The kiwi’s rally could push it above 70 cents this year, now that the central bank seems further from cutting interest rates below zero than previously thought
  • Currency will also get a lift from a weakening greenback

Malaysia’s Tenaga Weighs Listing of Power Generation Unit

Malaysia’s Tenaga Weighs Listing of Power Generation Unit


Tenaga Nasional Bhd., Malaysia’s state-owned electricity company, is considering listing its power generation business on the local stock exchange next year following a corporate reorganization, according to people familiar with the matter.

The Kuala Lumpur-based power company is working with an adviser on its planned restructuring, and aims to finish the process as soon as the first half of next year, the people said. Upon completion, the plan is for a listing by introduction of the generation business, where investors would be given shares in the unit in proportion to their existing holdings in Tenaga, the people said.

Deliberations are at an early stage and there is no certainty the deal will proceed, said the people, asking not to be identified as the process is private. A representative for Tenaga said the company is not working on any groundwork for a listing, as its current focus is to drive operational efficiency for the generation unit.

Shares in Tenaga rose as much as 6.2% on Tuesday, their biggest advance since April 17. The rise outpaced the benchmark FTSE Bursa Malaysia KLCI Index’s uptick of as much as 2.1%.

Tenaga counts state-owned sovereign wealth fund Khazanah Nasional Bhd. and pension fund the Employees Provident Fund among its largest owners. The power utility won approval from shareholders in a special meeting in February to reorganize its power generation and distribution businesses into separate holding companies, according to a stock exchange filing.

The move is aimed at preparing for upcoming reforms in the electricity supply industry in Malaysia, the company said in a statement. The power generation unit’s earnings before interest and taxes in 2018 was 1.6 billion ringgit ($389 million), according to the statement. It is targeting 2.6 billion ringgit in 2025.

The power company would be following Malaysian conglomerate Sime Darby Bhd. which listed its property and plantation units by introduction in 2017.

Tenaga, which has a market value of about 59.3 billion ringgit, owns 47 plants in peninsular Malaysia with a total domestic generating capacity of 10,617 megawatts, according to its 2019 annual report. It also has a presence in the U.K., Kuwait, Turkey, Saudi Arabia, Pakistan, India and Indonesia.

U.K. Retailers Enjoy a Bit of Growth Before Lockdown Strikes

U.K. Retailers Enjoy a Bit of Growth Before Lockdown Strikes

U.K. retail sales rose as shoppers stocked up on food and other home supplies before a second lockdown took effect.

The British Retail Consortium recorded an 5.2% increase in October compared to a year earlier on a like-for-like basis. The data includes online sales, which climbed almost 40%.

Shops are having a rough time as coronavirus restrictions keep Britons at home. Restaurants and non-essential stores have been forced to close again to contain the pandemic until at least Dec. 2, darkening the outlook further.

“During an incredibly challenging year for the industry, many retailers had finally thought that they were finding their footing,” said Helen Dickinson, chief executive officer of the BRC. “The new lockdown in England will now throw away this progress as we enter the crucial Christmas trading period.”

Overall consumer spending slipped 0.1% last month from a year earlier, a separate survey by Barclaycard showed. Still, spending on food and other essential items jumped as households started to stockpile amid signs another lockdown was coming.

They also splashed out on takeaways and box sets ahead of the long winter nights. Online shopping and home deliveries continued to be popular, contributing to just over 45% of total retail spending last month, according to Barclaycard.

Local businesses enjoyed a surge in support, with nearly half of consumers staying closer to home. Early Christmas shoppers also boosted sales.

However, the lockdown that started Nov. 5 in England will halt the gains made in sales for many businesses. The BRC estimates that 2 billion pounds ($2.6 billion) worth of sales per week will be lost this month.

“The new national lockdown in England will only impact shopper confidence further so expect savvy shopping tactics to intensify in the run up to Christmas,” said Susan Barratt, chief executive officer of IGD, a think tank focusing on the food and consumer good industry.

U.S. Imposes More Sanctions Over China’s Hong Kong Crackdown

U.S. Imposes More Sanctions Over China’s Hong Kong Crackdown


The U.S. is imposing sanctions on four more officials in its response to China’s crackdown on dissent in Hong Kong, including its imposition of a controversial national security law that has raised concerns about the preservation of basic freedoms in the city.

The U.S. announced Monday it would sanction Li Jiangzhou, deputy director of the Office for Safeguarding National Security, which was established under the new legislation; Edwina Lau, the head of the National Security Division of the Hong Kong Police Force; and Steve Li Kwai-Wah, the senior superintendent.

The U.S. also designated Deng Zhonghua, deputy director of the Hong Kong and Macau Affairs Office -- one of China’s key agencies overseeing the financial hub.

“These actions underscore U.S. resolve to hold accountable key figures that are actively eviscerating the freedoms of the people of Hong Kong and undermining Hong Kong’s autonomy,” the State Department said in a statement.

An agency spokesman didn’t reply immediately to a request for comment.

Hong Kong’s Opposition to Quit if China Disqualifies Any Members

Washington has already suspended its extradition treaty with the former British colony, ended reciprocal tax treatment on shipping with the city, and sanctioned senior officials who oversee Hong Kong, including Chief Executive Carrie Lam.

The moves are part of the Trump administration’s efforts to pressure China over the imposition of a national security law that has led to charges against pro-democracy activists. They follow up on an executive order to end preferential trading treatment for the city, which President Donald Trump and his team say is being treated as just another Chinese city.

President-elect Joe Biden has also been strongly critical of China over human rights issues including its crackdown in Hong Kong.

In response to earlier moves, China urged the U.S. to cease its “wrong moves” toward Hong Kong, with Foreign Ministry spokesman Zhao Lijian reaffirming Beijing’s position that the city’s affairs were a domestic matter. Hong Kong’s government said it “strongly objects” and “deplores” the Trump administration’s decision, repeating its vow to take up the complaints at the World Trade Organization.

China responded with retaliatory measures against U.S. senators and human rights activists, although Beijing has so far avoided senior White House officials.

source : bloomberg.com

Royalty Free Images Stock

Royalty Free Images Stock

If you are a blogger, where do you usually get image material for posts on your blog? Do you just take it directly from google images?

Well, you need to know that the images available on Google Images are not all free for you to use, because there are images that have copyright.

So what's the problem? Of course that's a big problem, if you want to develop a website, when there is duplicate content especially if there is copyright, either in the form of text or images, your website will rank down on search engines like Google, because it uses other people's images without permission, and worse. , You could be subject to criminal sanctions.

Google really doesn't like content that violates its rules, if you want to monetize your site or blog, of course it will also be an obstacle, or it could be banned.

So from now on in developing a site that you have, you must look for image providers that are royalty free (no credit required and copyright free), so that your site can compete and be seen well in the eyes of search engines. Don't download it carelessly on Google Images and republish it, but for personal use, of course, it can still be tolerated

In addition to images to fill site content, royalty-free images are also good for those of you who are just learning editing or image manipulation, of course this is one of the professional ethics, namely avoiding the stamp of a plagiarist.
Here are 12 sites that provide copyright-free free images

Kamala Harris is first woman, African-American, South Asian to become US Vice-President

Kamala Harris is first woman, African-American, South Asian to become US Vice-President

Kamala Harris

Harris began her career in the Alameda County District Attorney's Office. She became the top prosecutor for San Francisco in 2003, before being elected the first woman and the first black person to serve as California's attorney general in 2010

With a Democrat victory in the US presidential election, Kamala Harrris has become the next Vice-President-elect of the United States. She will be the first woman as well as the first African-American and South Asian to hold the office.

Here is all you need to know about Kamala Harris:

1. Kamala Harris childhood

Harris was born to two immigrant parents: a black father and an Indian mother. She was born in Oakland and grew up in Berkeley. Her father, Donald Harris, was from Jamaica, and her mother, Shyamala Gopalan, a cancer researcher, and civil rights activist, hailed from Chennai. After her parents divorced, Harris was raised primarily by her Hindu single mother. Harris has a younger sister named Maya Harris. Harris grew up embracing her Indian culture but lived a proud African-American life. She often joined her mother on visits to India.

2. Kamala Harris education

The 55-year-old spent her high school years living in French-speaking Canada - while her mother taught at McGill University in Montreal. She then attended college in the US, spending four years at Howard University. After Howard, she went on to earn her law degree at the University of California, Hastings.

3. Kamala Harris political career in the US

Kamala Haaris
Harris began her career in the Alameda County District Attorney's Office. She became the top prosecutor for San Francisco in 2003, before being elected the first woman and the first black person to serve as California's attorney general in 2010.

During her nearly two terms in office as attorney general, Harris gained a reputation as one of the rising stars of the Democratic Party. She was elected California's junior US senator in 2017.

As a senator, Harris supported healthcare reform, citizenship for undocumented immigrants, ban on assault weapons, and progressive tax reforms, among others. Last year, in December, she ran for the  Democratic nomination for US President. However, Harris ended her campaign citing the shortage of funds.

Around 1.3 million Indian-Americans are estimated to have voted in this year's presidential election, according to research firm CRW Strategy. In the 2016 presidential election, 77 per cent of Indian Americans voted for Democrat candidate Hillary Clinton.
The US has left the Paris climate accord - what do you think next?

The US has left the Paris climate accord - what do you think next?


  Nations struck the Paris climate agreement in 2015.Credit: Chesnot/Getty
Regardless of who wins the US presidential election, the United States officially pulls out of the Paris climate agreement on 4 November. The move marks a blow to international efforts to halt global warming.

The landmark deal, struck in 2015, aims to limit global warming to “well below” 2 °C above pre-industrial temperatures. But in June 2017, US President Donald Trump announced that the United States — the world’s second largest emitter of greenhouse gases — would withdraw from the agreement.

Theboegis examines how the withdrawal will affect global efforts to mitigate climate change.
What is Trump’s climate legacy?

Trump’s decision to pull out of the landmark accord was the first major step in his campaign to systematically roll back US federal climate policies set up during the administration of Barack Obama.

Trump has since reversed dozens of climate-related regulations, including rules on air pollution, emissions, drilling and oil and gas extraction. During his first term as president, and in his re-election campaign, he made no secret of his preference for fossil fuels and the industry which provides them. A report by the US energy department, released last month, lauds oil and gas as “providing energy security and supporting our quality of life”, without mentioning climate risks related to persistent use of carbon-rich fuels.

Although the United States played a major part in crafting the climate agreement, it will be the only one out of the nearly 200 parties to pull out of the pact. 

Which countries are taking the lead on climate-change mitigation?

China and the European Union have picked up the pieces. In September, China, the world’s top emitter of greenhouse gases, announced a bold plan to make its economy carbon neutral by 2060, using a combination of renewable energy, nuclear power and carbon capture. Likewise, the EU’s Green Deal, first announced in December 2019, sets out a road map for making the bloc carbon neutral by 2050. Compared with 1990 levels, the EU has already reduced its greenhouse-gas emissions by 24%. Legislation intended to achieve full carbon neutrality by the middle of the century is under discussion.

Other major economies, such as Japan and South Korea, pledged last month to become carbon neutral by 2050, but haven’t spelt out in detail how they will achieve it. In all, more than 60 countries worldwide — including all EU member states except Poland — have committed to achieving net-zero emissions by mid-century.

But without the United States, the balance among parties signed up to the Paris accord shifts in China’s favour on key issues that are yet to be settled. In particular, China could resist calls for detailed tracking and reporting of how countries are implementing policies and achieving their goals, says Michael Oppenheimer, a climate-policy researcher at Princeton University in New Jersey. “That bodes poorly for the effectiveness of the Paris agreement,” he says.

Neither China nor the EU can fully make up for the gap the United States has left, says Susanne Dröge, a policy specialist at the German Institute for International and Security Affairs in Berlin. “Leadership is not only about ambitious announcements, but also about a credible economic climate agenda as well as international cooperation,” she says.
Can the world cope with the US withdrawal?

The task will become harder. Although high-emitting countries are increasingly keen to curb global warming, experts warn that current climate and energy policies are not enough to keep the world below 2 °C of warming. There has been a marked drop in greenhouse-gas emissions this year — because of reduced travel and economic activity during the coronavirus pandemic — but that will do little to get the world nearer to its climate goal, experts caution.

Rising green-energy ambitions are some cause for hope. Globally, more energy is being produced from renewable sources each year. But analysts say that many countries, including the United States, are still pursuing energy strategies that prioritize and subsidize fossil fuels. And the amount of energy being made from fossil fuels is increasing, the International Energy Agency said in its latest World Energy Outlook, published last month.

“Green energy is not yet replacing fossil fuels — it is merely augmenting it,” says Timothy Lenton, a climate researcher at the University of Exeter, UK.
So what’s next?

Parties to the Paris accord have agreed to update their targets for 2030 in line with the latest evidence on the world’s remaining carbon budget. A special report from the Intergovernmental Panel on Climate Change on keeping warming to 1.5 °C, completed in 2018, made clear that the climate targets that countries think they can meet are not sufficient to halt global warming (see ‘Climate commitments’).

All remaining parties to the agreement must submit their new 2030 targets before the next major United Nations climate meeting, set to take place in Glasgow, UK, in November 2021 (this year’s climate summit was postponed because of the pandemic). So far, only 14 have proposed or submitted revised targets.

“The US withdrawal, if it is sustained by the next administration, will inevitably cause some countries to reduce their level of effort on implementing existing commitments,” says Oppenheimer.
Might a new president get the United States back on board?

Democratic candidate Joe Biden has said that if he is voted president, he will rejoin the Paris accord early in his presidency. The United States could once more become a party to the Paris agreement 30 days after officially informing the United Nations Framework Convention on Climate Change that it wants to rejoin. The country would then need to submit a new emissions-reduction pledge for 2030.

Before Trump took power, the United States had committed to reducing emissions by 26–28% below 2005 levels by 2025 — a target that it is not on track to meet. Biden has promised to invest almost US$2 trillion in clean energy and low-carbon infrastructure, but he has not said what emissions-reduction target he might set if he becomes president.

Whatever happens, the country will have lost credibility on climate action, says Oppenheimer. “The United States can’t simply jump back in and pretend it’s all back to 2015,” he says. “It will need to work to regain trust.”

Ozone-hole Nobel winner, Montreal Protocol advocate, presidents’ adviser.

Ozone-hole Nobel winner, Montreal Protocol advocate, presidents’ adviser.


Mario Molina (right) and his supervisor (and fellow Nobel prizewinner) F. Sherwood Rowland in 1974.Credit: UCI
Mario Molina (right) and his supervisor (and fellow Nobel prizewinner) F. Sherwood Rowland in 1974.Credit: UCI

In the mid-1970s, Mario Molina helped to predict that global emissions of chlorofluorocarbons (CFCs) could deplete stratospheric ozone. A decade later, scientists at the British Antarctic Survey reported that a vast hole had appeared in the ozone layer over the South Pole. Molina’s tireless advocacy and scientific diplomacy helped to bring about the 1987 Montreal Protocol on Substances that Deplete the Ozone Layer, an international agreement to phase out CFCs and other ozone-depleting chemicals. Molina shared the 1995 Nobel Prize in Chemistry with his former adviser F. Sherwood Rowland and the Dutch chemist Paul Crutzen for their work on stratospheric chemistry. He died on 7 October, aged 77.

The Montreal Protocol, the first United Nations treaty to achieve universal ratification, reduced stratospheric chlorine and bromine, and the ozone hole has begun to recover. In 2003, former UN secretary-general Kofi Annan described the treaty as “perhaps the single most successful international agreement to date”. Its implementation, and Molina’s later work on air quality in megacities, and on climate change, improved the quality of life for millions worldwide. A treasured public figure in the United States and Mexico, he was a trusted adviser to US president Barack Obama.

Born in Mexico City, the son of a diplomat, Molina went to boarding school in Switzerland. He studied chemical engineering at the National Autonomous University of Mexico, in his home city, and applied chemistry at the University of Freiburg, Germany. Doctoral studies in physical chemistry at the University of California (UC), Berkeley, brought him to the United States, where he built his career.

At UC Irvine, he and Rowland calculated the threat posed by CFCs to the atmosphere (see M. Molina and F. Rowland Nature 249, 810–812; 1974). The chemical inertness that made CFCs valuable as refrigerants and propellants also prevents oxidation removing them from the atmosphere, where they become a Trojan horse for introducing chlorine to the stratosphere. There the gas can catalyse the destruction of ozone, allowing harmful high-energy ultraviolet (UVB) light to penetrate to Earth’s surface.

Communicating this work to the media and policymakers was Molina’s initiation into scientific diplomacy. These efforts created momentum for the phasing out of CFCs in aerosol cans, accelerated by the discovery of the ozone hole, and concluded with the Montreal Protocol. However, basic questions remained unanswered: why was the ozone hole localized over the South Pole, and seasonal?

Molina found the answer in the surface chemistry of ice particles that make up the beautiful ‘mother of pearl’ polar stratospheric clouds (PSCs) observed during the winter over the South Pole. During the dark, cold polar winter, stratospheric chlorine is stored in the relatively inert forms of gas-phase chlorine nitrate, hypochlorous acid and hydrogen chloride.

Molina and his research group, then at the Jet Propulsion Laboratory in Pasadena, California, did creative experiments to mimic PSC particles: reactions between ice surfaces and chlorine compounds led to the release of chlorine. The winter build-up of the gas in the Antarctic polar vortex due to such reactions leads to intense ozone depletion when sunlight returns in the polar spring.

A mystery remained as to why ice should be such an efficient catalyst for these stratospheric processes. Calculations based on the reactions of hydrogen chloride with a crystalline ice surface predicted that chlorine activation would be much less efficient than is observed in the lab or in the environment. Molina suggested that the difference might be due to a disordered surface layer, or quasi-liquid layer, on ice. At the Massachusetts Institute of Technology (MIT) in Cambridge, his research group did experiments confirming that hydrogen chloride at low stratospheric temperatures induced such disorder, and that it played a part in activating chlorine.

While he was institute professor at MIT between 1989 and 2004, Molina and his then-wife and long-time collaborator, Luisa Tan Molina, began work on air quality in mega-cities (broadly, those with more than ten million inhabitants) in the global south. To steer policy, the Mexico City Project combined unprecedented large-scale field studies of atmospheric chemistry in urban neighbourhoods, involving hundreds of international scientists, with in-depth analysis and stakeholder engagement. This work improved the air quality in his beloved home city.

In 2004, Molina relocated to UC San Diego and founded the Mario Molina Center for Strategic Studies on Energy and the Environment, a think tank based in Mexico City. In his last decades, he spent increasing time in Mexico, but remained an inspirational faculty member at UC San Diego. In 2014, he spearheaded a major public-outreach initiative on climate change, ‘What we know’, for the American Association for the Advancement of Science.

Molina could communicate the essence of a technical issue to anyone, with gentle diplomacy and scientific credibility. He served as a scientific adviser to several presidents of Mexico, and, as a member of the Vatican’s Pontifical Academy of Sciences, he advised three popes and co-authored the 2017 report ‘Well Under 2 Degrees Celsius: Fast Action Policies to Protect People and the Planet from Extreme Climate Change’. In his final months, he advocated passionately for mask-wearing to reduce the transmission of SARS-CoV-2 in Mexico.

Internet Marketing Consultant: Save Time And Money In The Long Run

Internet Marketing Consultant: Save Time And Money In The Long Run

Internet Marketing Consultant: Save Time And Money In The Long Run

The internet is a very viable alternative when it comes to making money.

More and more people are learning this and making their living on the web rather than slaving away at some nine to five job.

But for every one person who manages to succeed, it seems like thousands more fail and resign themselves to their fate.

The reason so many people fail is because they simply do not know what they are doing and go in with the wrong mindset.

You really do not need some kind of internet marketing consultant to walk you through, although it certainly does not hurt.

But if you are willing to put in the time and effort, and simply do research, you can build yourself up a very lucrative enterprise on the internet.

If you decide you want to start your own online business, then the very first thing you will need to learn is that it is a business.

This may sound a bit weird, but as I said, many people go in with the wrong mindset.

They think this is some get rich quick scheme that will make them a millionaire over night.

Sorry, but it does not work this way.

Online or not, it still very much is a business.

As such you need to put in consistent work hours and build it up.

The advantage of an online business is that, once it is up and running it is very easy to maintain.

The hard part is getting it to that point.

Once you accept that fact and decide you still want to continue, then you can go looking for more information.

There are a ton of internet marketing consultant out there who make their living on the internet and are willing to help show you the way.

Most of the time you have to sign up to these sites and even pay some money or buy their product.

This may or may not be wise because they have mixed results, but this method does work for a lot of people so do not assume it is all scams.

If you do not have much money to throw around, you can still do pretty much everything yourself.

The internet is a bastion for information and you can find anything and everything for free.

So if you want to put in the work, you can set up your business completely solo.

The only thing you are really forced to pay for is your website's domain name.

But that is a very small amount of money.

If you use the information available on the internet, both freely obtained and information and advice gotten from internet marketing consultant, then you can set yourself up a nice online business.

Just remind yourself that it will not happen over night.

You can go months without seeing any money, but you just need to consistently work it until it starts making you the money you want.

If all you do is poke it with a stick once a week, it will never make you any money.

Treat it like a business and it will treat you to money in return.
Internet Marketing Scams: Caution Will Fare You Well

Internet Marketing Scams: Caution Will Fare You Well

Internet Marketing Scams: Caution Will Fare You Well

Let me tell you a little story.

A few years ago I was in pretty dire straights financially.

I had myself and two kids to support and no real skills.

I decided to start a business online. But, I was afraid of getting "taken".

I was afraid of falling victim to internet marketing scams.

Actually, my fear of internet marketing scams started to become a bigger problem than any potential scam since I became too afraid to do anything.

I wasted a lot of time until I learned one thing: it's really not that likely you will be scammed unless you stop using your brain.

Every time you hear a story on the evening news about someone being scammed you can almost always see that the person wouldn't have been scammed at all if they had just used the brain that God had given them.

Now, I'm not trying to be harsh, but truth is truth.

You see, for the most part, the people who get scammed are people who are desperate.

Unfortunately, that desperation makes it easier for them to put their common sense on hold. And when that happens they are likely to get scammed.

Scammers also know that desperate people are easier to fool so they rely on that desperation, they target people who are desperate and they manipulate them.

Knowing that there are people out there who are so low that they would prey on desperate people is really sad, on the other hand, now that you know a little bit of their tactics and how they work, it is easier to avoid them.

The internet, in my opinion, has gotten a bad rap. Some people think that everyone online is a scammer. In my experience it is actually rather difficult to get scammed online.

Here's what I man. For one thing, virtually every online payment you make will be through a payment processor called Paypal. Whenever you make a payment with Paypal, they give you time to request a refund or even report a problem.

That makes it difficult for would be scammers to get a way with much.

Another thing to consider is that many of the products and services internet marketers would buy come from a place called Clickbank. Clickbank too has a very powerful return policy (I know, I've used it myself on a few occasions).

You can get your money back in a day or two no questions asked so even if you did buy a product or service through Clickbank that you thought wasn't worth what you paid for it, you could get your money back quickly and easily.

Here are a few common sense tips you can use online to protect yourself:

1. Read the fine print. In my experience there are more instances of simply having the wrong idea about what you would get than actually being scammed. I have had some products that didn't quite deliver what they said they would, but I've never been out and out scammed.

2. Only buy from reputable companies and with reputable payment processors.

3. And last, but not least, don't ever expect something for nothing. Keep your desperation (if you have any) in check. When making purchases use your head more than your heart.

Overall, getting scammed is a two person job; it takes you putting common sense on hold and someone who is trying to take advantage of you. Avoid internet marketing scams by using your head at all times.
Internet Marketing Strategy: Online Business Treat Like A Real Business

Internet Marketing Strategy: Online Business Treat Like A Real Business

Internet Marketing Strategy: Online Business Treat Like A Real Business

Start an online business is no walk in the park.

A lot of people have it in their head that they can just go set up a website, put a few articles on it, and never touch it again while still making thousands. This does not happen. An online business is still a business and needs to be treated as such.

One of the most important things you will need when starting an online business is a good, solid internet marketing strategy.

If you can plan it out ahead of time it can save you a lot of headaches down the road.

To make sure you get the most out of your time and effort there are several tips to maximize your strategy.

1. Stay in touch with existing customers. 

If somebody has bought your product, that means they have placed trust in you to deliver a quality product that they can enjoy.

A good way to help retain customers is to build on that trust. Like any business you want your customers to be loyal to you and come back to you for anything they need.

So by staying in touch and providing them with a consistent flow of information, you can not only help them but entice them to come back.

Do not freely give out everything, but little snipits of advice every week can show them you still care and are actually trying to help them.

2. Cost effective advertising. 

Making your business known is paramount to a successful internet marketing strategy.

But you can not afford to spend every cent on marketing your business, so you need to make sure your methods of advertising are cost effective against the returns you will see.

Find out which methods bring in the most visitors, and which methods bring in the most visitors who actually buy your product.

This is an ever changing field so you will have to stay on top of it.

3. Target your ideal consumers. 

A mistake a lot of people make is that they try to reach too wide. You simply can not appease everyone, so do not even try. Yeah it can be a scary thought, turning people away, but that is just how life is.

Focus on the people who are really active in your market and are actually looking to purchase a product, rather then those just looking for some quick information.

This will be the most efficient use of your efforts as it gives you the highest chance of making a sale. Even if you get overall lower visitors.

4. Beat out your competitors. 

The internet is a fierce market and to make sure your internet marketing strategy succeeds you will need to be fast and active.

It has been said that on the internet, it will not be the large beating the weak, it will be the fast beating the slow.

So you will want to consistently update your websites and put out content to draw in visitors. If you just poke at it every once in a while, you will fall behind and not make any money.