5 Must-Know Statistics About Tech Due Diligence

Home Business Magazine Online

Tech due diligence is a crucial process that helps businesses assess the potential risks and opportunities associated with technology investments. In this article, we present five must-know statistics about tech due diligence that can empower you to make informed decisions in the rapidly evolving tech industry. From the impact of cybersecurity breaches to the importance of assessing intellectual property rights, these statistics shed light on the critical aspects to consider during the due diligence process.

Join us as we explore these statistics and equip you with the knowledge to navigate tech due diligence with confidence. Prepare to unlock valuable insights and enhance your decision-making capabilities in the dynamic world of data room m&a technology.

Why Should You Try a VDR?

Initially, this represents a remarkable technological leap in the realm of corporate applications. Presently, it stands as one of the most frequently employed listing options, offering time-saving automation capabilities for tasks. Despite its relatively underutilized status, its true potential shines through when conducting critical business operations. In any scenario, peruse this list to uncover compelling reasons why giving it a try is worth considering:

  • With the aid of this solution, you can effectively and securely handle both customer and employee data. Undoubtedly, customers serve as the lifeblood of any organization. Neglecting to prioritize the protection of consumer information can potentially lead to a detrimental data breach. Regardless of the nature of the business, every organization must proactively guard against data leaks as they can inflict harm upon reputation and erode trust. These two undesirable realities come at a financial cost.
  • Virtual data rooms offer convenient and cost-effective solutions. Most software developers provide an array of impressive features at reasonable prices. If you wish to give it a try, some even offer a two-week trial period at no cost. Although it is rare, certain businesses may extend the usage of their product for a full month for free. Typically, the human resources manager of the data room provider will reach out to you to gather more information about your company and customize the pricing accordingly. They will take into account your financial situation and assess the extent of advanced tools you might require.
  • This cutting-edge technology expedites business transactions to a great extent. Numerous business owners who have embraced this technology can attest to its remarkable ability to accelerate the completion of various commercial operations. If you have ever been involved in complex business transactions like mergers and acquisitions news, you understand the intricacies and time-consuming nature they entail. However, with the aid of a virtual data room, you can swiftly accomplish these tasks by leveraging integrated automation and tools that facilitate document organization and meticulous event tracking. This brings significant advantages to both you and the counterparty involved. You can look at https://mnacommunity.com/insights/2022-ma-overview-and-trends/ website that provides redundant information on this.
  • Through your virtual data room work platform, you gain the advantage of instant customer communication for valuable feedback. Gone are the days when you had to invest in additional services to obtain direct client input. With the provision of a virtual book within your virtual data room, customers can easily leave comments and share ideas. This transparent approach ensures that no complaint goes unnoticed by your employees, ultimately serving as a promotional opportunity.

The need for businesses to embrace this software is apparent. If you are the owner of a substantial business, you have the opportunity to be at the forefront of its implementation. However, even if you manage a small business, it is worth considering the utilization of virtual data rooms due to their status as a prominent driver of business growth. The evidence suggests that many businesses simply need to give this software a chance. By doing so, small businesses can experience the transformative effect of VDRs, propelling them from small to medium-sized, and eventually to larger enterprises.

5 Statistics About Due Diligence

Technology due diligence serves as a vital procedure for assessing technology investments and minimizing potential risks. Given the dynamic nature of the tech industry, having a grasp of significant data points empowers businesses to make well-informed choices. Join us as we delve into five essential statistics concerning tech due diligence that can influence your approach to evaluate technology prospects.

70% of M&A Deals Fail to Achieve Desired Synergies

Technology due diligence assumes a pivotal position in recognizing potential synergies between acquiring and target companies. Nevertheless, studies indicate that a notable proportion of M&A transactions fall short of attaining their intended objectives. Through meticulous due diligence, organizations can unveil technological compatibility concerns and potential obstacles that may impede the realization of synergistic benefits.

Cybersecurity Breaches Cost Businesses $6 Trillion Annually

In tech due diligence, cybersecurity emerges as a prominent worry. The staggering figure of $6 trillion representing yearly expenses stemming from cyber incidents underscores the significance of evaluating the target company’s cybersecurity practices. Implementing strong security protocols and conducting comprehensive risk evaluations become imperative in safeguarding sensitive data and fortifying business operations.

Intellectual Property Accounts for Over 80% of Company Value

The value of a company often lies in its intellectual property. During virtual data rooms due diligence, it becomes crucial to comprehend the target company’s IP portfolio, ensuring its ownership and protection. Neglecting to assess intellectual property can give rise to legal conflicts, and financial setbacks, and impede the progress of innovation.

Less Than 40% of Companies Have a Comprehensive Data Governance Strategy

In the current data-centric landscape, establishing efficient data governance holds paramount importance. Astonishingly, a meager 40% of companies have established a clearly defined data governance strategy. When engaging in tech due diligence, assessing the target company’s data management protocols, adherence to data protection regulations, and data quality control procedures can unveil potential risks and operational inefficiencies.

60-90% of IT Projects Fail to Meet Their Objectives

Pursuing the implementation of novel technologies or the integration of systems remains a common objective for numerous enterprises. Nevertheless, the disheartening rate of failure in IT projects accentuates the indispensability of meticulous tech due diligence. Thoroughly evaluating the target company’s technological prowess, project management methodologies, and historical success rates holds the potential to curtail project failures and ensure the realization of desired outcomes.

By assimilating these statistics into the fabric of tech due diligence, businesses can enrich their decision-making processes, mitigate risks, and augment the likelihood of fruitful technology investments. These statistics stand as constant reminders that diligence, scrutiny, and comprehensive assessments form the bedrock of navigating the ever-evolving tech landscape.

Conclusion

Although Due Diligence remains a complex process, it can only be simplified with the help of m&a insights. Today we looked at specific aspects of why and how it can be done with ease. You can use them right now and follow the links that we have provided. In that case, you’ll be able to learn a little bit more about this technology yourself just from practicing.

The post 5 Must-Know Statistics About Tech Due Diligence appeared first on Home Business Magazine.

Original source: https://homebusinessmag.com/management/technology-management/5-must-know-statistics-tech-due-diligence/

5 Must-Know Statistics About Tech Due Diligence

Home Business Magazine Online

Tech due diligence is a crucial process that helps businesses assess the potential risks and opportunities associated with technology investments. In this article, we present five must-know statistics about tech due diligence that can empower you to make informed decisions in the rapidly evolving tech industry. From the impact of cybersecurity breaches to the importance of assessing intellectual property rights, these statistics shed light on the critical aspects to consider during the due diligence process.

Join us as we explore these statistics and equip you with the knowledge to navigate tech due diligence with confidence. Prepare to unlock valuable insights and enhance your decision-making capabilities in the dynamic world of data room m&a technology.

Why Should You Try a VDR?

Initially, this represents a remarkable technological leap in the realm of corporate applications. Presently, it stands as one of the most frequently employed listing options, offering time-saving automation capabilities for tasks. Despite its relatively underutilized status, its true potential shines through when conducting critical business operations. In any scenario, peruse this list to uncover compelling reasons why giving it a try is worth considering:

  • With the aid of this solution, you can effectively and securely handle both customer and employee data. Undoubtedly, customers serve as the lifeblood of any organization. Neglecting to prioritize the protection of consumer information can potentially lead to a detrimental data breach. Regardless of the nature of the business, every organization must proactively guard against data leaks as they can inflict harm upon reputation and erode trust. These two undesirable realities come at a financial cost.
  • Virtual data rooms offer convenient and cost-effective solutions. Most software developers provide an array of impressive features at reasonable prices. If you wish to give it a try, some even offer a two-week trial period at no cost. Although it is rare, certain businesses may extend the usage of their product for a full month for free. Typically, the human resources manager of the data room provider will reach out to you to gather more information about your company and customize the pricing accordingly. They will take into account your financial situation and assess the extent of advanced tools you might require.
  • This cutting-edge technology expedites business transactions to a great extent. Numerous business owners who have embraced this technology can attest to its remarkable ability to accelerate the completion of various commercial operations. If you have ever been involved in complex business transactions like mergers and acquisitions news, you understand the intricacies and time-consuming nature they entail. However, with the aid of a virtual data room, you can swiftly accomplish these tasks by leveraging integrated automation and tools that facilitate document organization and meticulous event tracking. This brings significant advantages to both you and the counterparty involved. You can look at https://mnacommunity.com/insights/2022-ma-overview-and-trends/ website that provides redundant information on this.
  • Through your virtual data room work platform, you gain the advantage of instant customer communication for valuable feedback. Gone are the days when you had to invest in additional services to obtain direct client input. With the provision of a virtual book within your virtual data room, customers can easily leave comments and share ideas. This transparent approach ensures that no complaint goes unnoticed by your employees, ultimately serving as a promotional opportunity.

The need for businesses to embrace this software is apparent. If you are the owner of a substantial business, you have the opportunity to be at the forefront of its implementation. However, even if you manage a small business, it is worth considering the utilization of virtual data rooms due to their status as a prominent driver of business growth. The evidence suggests that many businesses simply need to give this software a chance. By doing so, small businesses can experience the transformative effect of VDRs, propelling them from small to medium-sized, and eventually to larger enterprises.

5 Statistics About Due Diligence

Technology due diligence serves as a vital procedure for assessing technology investments and minimizing potential risks. Given the dynamic nature of the tech industry, having a grasp of significant data points empowers businesses to make well-informed choices. Join us as we delve into five essential statistics concerning tech due diligence that can influence your approach to evaluate technology prospects.

70% of M&A Deals Fail to Achieve Desired Synergies

Technology due diligence assumes a pivotal position in recognizing potential synergies between acquiring and target companies. Nevertheless, studies indicate that a notable proportion of M&A transactions fall short of attaining their intended objectives. Through meticulous due diligence, organizations can unveil technological compatibility concerns and potential obstacles that may impede the realization of synergistic benefits.

Cybersecurity Breaches Cost Businesses $6 Trillion Annually

In tech due diligence, cybersecurity emerges as a prominent worry. The staggering figure of $6 trillion representing yearly expenses stemming from cyber incidents underscores the significance of evaluating the target company’s cybersecurity practices. Implementing strong security protocols and conducting comprehensive risk evaluations become imperative in safeguarding sensitive data and fortifying business operations.

Intellectual Property Accounts for Over 80% of Company Value

The value of a company often lies in its intellectual property. During virtual data rooms due diligence, it becomes crucial to comprehend the target company’s IP portfolio, ensuring its ownership and protection. Neglecting to assess intellectual property can give rise to legal conflicts, and financial setbacks, and impede the progress of innovation.

Less Than 40% of Companies Have a Comprehensive Data Governance Strategy

In the current data-centric landscape, establishing efficient data governance holds paramount importance. Astonishingly, a meager 40% of companies have established a clearly defined data governance strategy. When engaging in tech due diligence, assessing the target company’s data management protocols, adherence to data protection regulations, and data quality control procedures can unveil potential risks and operational inefficiencies.

60-90% of IT Projects Fail to Meet Their Objectives

Pursuing the implementation of novel technologies or the integration of systems remains a common objective for numerous enterprises. Nevertheless, the disheartening rate of failure in IT projects accentuates the indispensability of meticulous tech due diligence. Thoroughly evaluating the target company’s technological prowess, project management methodologies, and historical success rates holds the potential to curtail project failures and ensure the realization of desired outcomes.

By assimilating these statistics into the fabric of tech due diligence, businesses can enrich their decision-making processes, mitigate risks, and augment the likelihood of fruitful technology investments. These statistics stand as constant reminders that diligence, scrutiny, and comprehensive assessments form the bedrock of navigating the ever-evolving tech landscape.

Conclusion

Although Due Diligence remains a complex process, it can only be simplified with the help of m&a insights. Today we looked at specific aspects of why and how it can be done with ease. You can use them right now and follow the links that we have provided. In that case, you’ll be able to learn a little bit more about this technology yourself just from practicing.

The post 5 Must-Know Statistics About Tech Due Diligence appeared first on Home Business Magazine.

Original source: https://homebusinessmag.com/management/technology-management/5-must-know-statistics-tech-due-diligence/

How to Get Insurance for Your Small Business

Home Business Magazine Online

Small business ownership carries inherent risks, so shielding your company from liabilities is crucial to its long-term survival. Small business insurance offers financial security in the event of mishaps, lawsuits, property damage, or other unanticipated circumstances. But for business owners, understanding the insurance market may be difficult. In this post, we’ll go over the procedures for getting insurance for your small business to make sure you have the protection you need.

Determine your company’s needs

It’s critical to evaluate the unique requirements of your company before starting the insurance application procedure. Analyze the nature of your business operations as well as any potential risks and obligations specific to your sector. Decide which insurance coverage categories, such as general liability, professional liability, property insurance, workers’ compensation, or business interruption insurance, are the most important to your company. Knowing your needs will enable you to customize your insurance portfolio properly.

Study the insurance companies

Once you know your company’s requirements, look into insurance companies offering coverage for small businesses. Look for organizations that have a solid reputation and sound financial standing and have expertise working with companies in your sector. Ask other business owners for referrals, or speak with a commercial insurance broker who can help you identify reputable companies and coverage. Look at things like the provider’s history of managing claims, pricing, customer service, and coverage options.

Collect multiple quotes

Get quotes from several insurance companies to make sure you get the finest protection at a reasonable cost. Contact several businesses and provide them with thorough information about your company. When questioned, be ready to discuss your industry, revenue, personnel count, and any prior insurance claims. By comparing quotes, you may better comprehend the many coverage possibilities, which will also help you decide what will work best for your budget and coverage needs.

Personalize your insurance

Insurance for small businesses is not a one-size-fits-all product. Work directly with your insurance company to tailor your coverage. Pay close attention to the policy’s exclusions, deductibles, and coverage restrictions. Make sure the policy covers the risks that are most crucial to the way your company operates. For instance, cyber liability insurance may be essential to safeguard against data breaches or cyber-attacks if you operate an online store. You may get full protection and peace of mind by customizing your small business insurance policy.

Recognize the terms and conditions of the policy

It’s critical to comprehend the terms and conditions before finalizing your insurance coverage. Pay great attention to coverage limits, exclusions, and any additional endorsements or riders that could be required in the policy documents as you carefully read them. Ask your insurance provider for more information if you have any questions or concerns. Understanding what is and is not covered as well as the procedures for submitting a claim in the event of an incident is crucial. It will be easier for you to prevent surprises and get the most out of your coverage if you thoroughly grasp your policy.

Regularly review and update your insurance coverage

Your insurance needs may alter as your company grows and evolves. It is vital to update your coverage regularly to stay up with any new risks or developments in your company. Contact your insurance provider to discuss any changes to your business, prospective expansion, or new product introductions. By proactively upgrading your insurance, you can ensure that your small business is always adequately insured.

Final words

The key step in defending your business from potential dangers and liabilities is getting insurance for your small business. You may find the correct insurance to safeguard your company’s interests by evaluating your needs, researching insurance providers, comparing quotations, customizing your coverage, comprehending the terms and conditions of the policy, and reviewing it frequently. Investing in thorough insurance protection is a crucial component of ethical company practice and can give you the peace of mind to concentrate on expanding your business.

The post How to Get Insurance for Your Small Business appeared first on Home Business Magazine.

Original source: https://homebusinessmag.com/management/insurance/how-to-get-insurance-your-small-business/

Top Ten Summer Jobs 2023 Edition

The sun is blazing and the summer holidays are just around the corner. For many people the summer brings with it the need to pick up summer jobs. Whether it’s to gather some much-needed holiday pennies, to fill a gap between other work or just to do something different during this most sunny of seasons.

Thankfully, there are plenty of summer jobs available around the UK, from the relatively easy to the more challenging, but all will get you out of the office, away from the shops and into a new adventure. So here’s our roundup of ten ways you can gain employment this summer.

FRUIT PICKING 

seasonal jobs

Over the last few years there’s been a shortage of willing fruit pickers offering their services to British farms. As a result there are usually plenty of fruit-picking jobs available throughout the summer. If back-breaking toil isn’t your thing then you could try your hand at the checking of the fruit, the weighing, packaging, labelling and even sales in the farm shop. 

What you’ll be picking will depend of course on the farm but also on the month. For example, strawberries and gooseberries are often picked from early June to mid July, plums and apples are picked in late August, and apples and pears are picked in September. 

Your best bet would be to travel down to your local farm and speak to the owners directly. Also look out for adverts in local shop windows and village halls. Find a farmers’ market near you here and ask about any jobs going. 

Picking Jobs is a useful website where you can put in a search for fruit picking in Europe and see what’s available. Anywork Anywhere has a similar set-up and can be used to search for all kinds of other seasonal jobs both here and abroad. When you see a job that interests you, email the employer directly giving a few basic details about yourself and the dates you can do. 

You’ll be working outside so wear old casual clothes that you don’t mind getting dirty. You may be standing in fields for hours on end so comfortable shoes are a must. You’ll also need a hat and some sun cream so you don’t get burnt. Insect repellent is a good idea, and make sure you drink plenty of water. 

Earnings are likely to be cash in hand and if you earn enough you will be expected to take care of all your own taxes. It’s unlikely you’ll make a lot of money here so you may not exceed your personal income allowance. For this year, the personal allowance is £9,440 and £10,500  for people aged 65–74. 

You’ll typically be paid minimum wage: 

  •  £9.18 per hour for workers aged 21 and 22; £9.50 for workers 23 and over
  • A development rate of £6.83 per hour for workers aged 18–20 inclusive 
  • £4.81 per hour for all workers under the age of 18 who are no longer of compulsory school age 

Depending on the farm you’re working for, you might be paid hourly or daily, but sometimes you’re paid according to the amount you pick (e.g. you get x amount per kg or pound). This system is called ‘piecework’ and it’s fruitful (sorry) for those who work particularly hard.  

GARDENING 

Animal Aunts

If you’re green-fingered then gardening for cash is an ideal way to make some extra money. Lots of people start thinking about the state of their garden in the weeks leading up to summer so it’s the ideal time to pounce on their insecurities! 

Offer your family, friends, colleagues and neighbours your services as an expert lawn mower, weed eradicator and plant potter and you’ll be a renowned small-time gardener in no time at all. 

Start attracting business by handing out cards and flyers (you can get free business cards printed from Vistaprint) and by knocking on doors. Once you’re up and running, word of mouth should spread and work should roll in on a regular basis. 

Ideally, you’ll need your own lawnmower, garden tools and transportation to get from place to place. 

In terms of tools, get yourself a sharp pair of secateurs, a pair of tough, skinny gloves and a long, thin trowel. There are plenty of different tools out there to help make your job in the garden a bit easier. Here are a couple of useful websites: 

Don’t think too big to begin with – offer basic services that people generally don’t have time to do themselves for a reasonable price. Professional gardening companies charge around £15 for simple tasks, so long as you can beat their quotes you should have plenty of business. 

WORK A FESTIVAL 

free festivals

Are you interested in getting FREE festival tickets? Fun in the sun at Reading festival might seem a world away at the moment, but if you want to get some free festival tickets, you need to start planning now. Being a charity volunteer will get you into the festival for nothing and you’ll only have to work a few shifts – then you can enjoy the music with everyone else! 

You’ll need to join an events recruitment company – here are a few we tracked down for you: 

  • Festaff supplies casual staff for over a dozen music festivals in the UK including Bestival, Creamfields, Wickerman, Camp Bestival, Isle of Wight Festival, Sonispshere, Rockness and Beachdown. Some of these are currently recruiting, so if you’re interested fill out their application for summer positions. 
  • Delaware North Companies Ltd (DNC) runs a food and catering service at both Wembley Stadium and Emirates Stadium. They provide full training for all the roles and job vacancies range from bar staff to sous chef. See the Hospitality Staff website for full details on DNC job profiles and how to apply. 
  • Jam Staffing employs people for events all over the UK – they’re looking for waiters/waitresses, security staff, models and much more. You can apply through their website. 
  • For something a bit different, how about mobile catering with MJR Tom? This involves walking around events at stadiums, football clubs and racecourses. You will then sell whatever it is you’re told to. 

AIR BNB YOUR HOUSE OR GARAGE

Spare bedroom

Your part of the world could very well attract people to your very own B&B, run from your house. Think about what makes it special and what would encourage people to visit. Do you live in a picturesque village by the seaside or in a busy and bustling city? How close are you to transport links and tourist attractions? Could you offer weekday stays for commuting professionals? Is your area the sort of place that people will want (or need) to come to and stay in? Having a big house with lots of rooms is only half the battle won. Think about your unique selling point. 

You might also consider doing a survey to find out what people want from a B&B. Send it to friends, family and colleagues to get a good range of responses. Use that to inform your plans. Once you get going, ask guests for feedback. Also ask them to review your place on TripAdvisor and Google – both of those are useful ways to get business in for free. 

HOUSESITTING AND PETSITTING 

How to make money from Firework Night

The summer is the perfect time to house sit – there are many more people going on holiday and if you can’t afford to go away this year it’s a great way to visit a different part of the country without forking out your hard-earned cash. 

Housesitting basically involves looking after someone’s home while they’re away but it gives you the opportunity to visit another part of the country and make some money. 

You’ll be asked to carry out the daily duties that would normally be done if the owners were present but the rest of the time is yours to relax. The work may also involve looking after an animal, so you need to make sure you don’t mind cleaning up the odd bit of dog poop here and there. 

The easiest way to get work is to sign up for an agency. That way you also have the added security of insurance, which might be too much of a complication and expense otherwise. With an agency such as Trustedhousesitters you can expect to earn just less than two hours’ pay per day at the minimum wage. You’ll also be given an allowance for food and reimbursed for any travel costs. For pet-focused housesitting, the national agency Animal Aunts looks for people who can look after pets in all areas. 

If you’d prefer to do it off your own back, advertise yourself in the local paper or on Gumtree, making sure you include the fact that you can provide personal references if required. 

Depending on the arrangement you have with the homeowner you may have to commit to staying in the house for a certain proportion of the day. This is an opportunity to catch up on reading, writing, knitting or even a spot of paperwork. 

Housesitting is unlikely to make you vast sums of money – long-term house minders can earn about £9 a day, plus food and travel allowances and short-term housesitters can earn between £8 and £10 an hour. 

However – you can make a lot more money if you can hire out your own house while you stay at someone else’s. 

If you live in a popular city or a very attractive part of the country, why not rent out your home at the same time? Simply put it up for rent on Gumtree, Spareroom or through a local lettings agent that specialises in short, holiday lets. Short-term lets are usually much more lucrative than long-term ones so you could find yourself making £100s while you’re away. To find out more about renting your house, or part of it, see our article on renting a room out. 

BE A CHILD MINDER 

benefits

Great with kids? Get paid to look after someone’s offspring for a quick summer money maker. A spot of good weather (hopefully) will mean that you can take the children for fun days out and not be stuck indoors too often. 

Professional childminding and babysitting is a different story. If you’d like to look after the children of strangers on a regular basis, you’ll need to be a registered childminder and have the proper checks to be able to work without fear of a lawsuit. 

You can register with agency websites such as Sitters and Childcare.co.uk where you can advertise as a babysitter for free. The agency then makes all the arrangements for you. Also, drop a note through your neighbours’ doors to let them know you’re available to look after their children. You could even send out a group email to friends or work colleagues informing them of your new babysitting venture. Make sure you include a price list to establish the fact that it isn’t a free service from the start. 

Having a DBS check (formerly CRB) will make it easier for you to get work and most agencies will insist on it anyway. 

Written references from people for whom you have already worked with make a big difference. However, even if you haven’t given babysitting a go before you can get character references from a teacher, your bank manager or another professional who knows you well. 

Be prepared for every eventuality whilst looking after children. Keep contact numbers for parents and emergency contacts if for some reason you can’t get hold of them. Ask about allergies, medication or anything else you might need to know. 

If you need some inspiration when it comes to entertaining children, Day Out With The Kids is a brilliant website full of places to visit for both indoor and outdoor activities in your region.  

Feel free to charge anything around £5–10 an hour. The long summer holidays can be a real pain for working parents so there should be plenty of work. 

If you do find that you’re struggling to get work, initially keeping your rates down to a minimum will do your reputation a lot of good – then you can always increase your fee later on once you’ve established some regular clients. 

PET WALKING 

Lots of dogs walking on leads

If you’re fit, active and enjoy spending time with animals then walking people’s pets can be a really enjoyable and easy way to make some quick cash. 

Find your first customers just by asking around. Start by asking neighbours and others you know if they require your services. If your workload seems a little feeble, you could try advertising with a poster or notice at your local veterinary clinic or in local shop windows. 

After that, if you’re good and reliable, you’ll get publicity through word of mouth. Many dog walkers get clients when they meet them in the park. Get yourself some free business cards from Vistaprint and hand them out to dog owners when you’re on a walk. You can also put an ad up on the notice board in your local vet practice, pet shops and at rescue centres if they’ll let you. 

You can also join a local dog-walking agency such as PetPals or register yourself as a dog-walking company at NarpsUK. Narps members can access discounted rates for insurance and it can also help you find more work through its pet-owner postcode search facility. You’ll earn less per hour but the work would be more regular. Just put ‘dog walking’ into your search engine with your local area and see what comes up. There are lots of little, local agencies all over the country. 

The biggest expense will be insurance. Pet Business Insurance offers a number of packages including: 

  • Public liability – if the dog runs out into the road and causes a pile up, or bites someone. 
  •  Care, custody and control – looks after the pet itself if it gets injured while under your care 
  •  Loss of key – if you lose your employer’s keys they’ll pay to change the locks. 

You’ll also need a ready supply of pooper-scoopers and bags. Perhaps some doggy toys, too, but owners will usually supply their own.  

SELL YOUR PHOTOS

make money

If you’re a dab hand with a camera, try selling your summer holiday snaps to photo agencies and libraries. Each time one of your photos is sold you can earn a commission. Most sites will ask for a selection of photos to test the quality and there’s a chance they’ll be rejected but if you don’t try you’ll never know! Also, there are lots of photo sites to choose from and there’s nothing to stop you from signing up with all of them. 

Even if you’re not going away, why not get out and about with your camera and start taking some pictures? For an idea of what stock libraries are looking for visit the websites themselves. They usually need images of people’s hometown, street, ethnic groups and women in business and work shots. 

Microstock sites such as Fotolia often have a travel section for professional-quality photographs of interesting things and places. Others such as 123RF operate in a similar way. 

You can also try contacting smaller travel magazines – send an email to their pictures editor and find out their rates. 

If you want to submit a photo to sell, it has to be an RGB JPEG saved at a high setting (such as Photoshop level 10 setting or 48 MB in size). They must not be compressed file sizes. Usually the higher the image resolution, the more you’ll be paid, so keep files large. 

Do be careful about the pictures you submit – pictures of identifiable houses or models. Any person who’s in the photo will, in most cases, need a release form. This is signed by the model or house owner to cite that their permission has been given. This is because you will profit from their personal belongings. Also, some properties and logos are trademarked and therefore will not be accepted. 

What you charge is completely up to you, but it’s advisable to only charge what you think people can afford. Try not to rob little old ladies of their pension, but feel free to charge anything up to £15 an hour to socialites with pocket-sized pooches. 

BE A LIFEGUARD

summer jobs

If you’re a strong swimmer why not become a lifeguard over the summer for the perfect summer job? It’s a great way to meet people and although it’s a serious job (your role is to look after and possibly save someone’s life) it can be lots of fun too. 

There are two types of lifeguard: 

  • Swimming pool lifeguards – employed by a leisure centre, private club, local authority, hotel or holiday centre 
  • Beach lifeguards – employed by the Royal National Lifeboat Institution (RNLI). 

Once you’re qualified try sites like Leisurejobs, Gapyear.com and Gumtree. Also, contact your local pool and ask about vacancies. 

To be a pool lifeguard you’ll need one of the following qualifications: 

  •  The National Pool Lifeguard Qualification (NPLQ) 
  • The National Aquatic Rescue Standard (NaRS): Pool Lifeguard 
  • NPLQ and NaRS courses are based at local swimming pools or leisure centres. They are run through approved centres, such as colleges and swimming clubs. 

To be a beach lifeguard you’ll need one of the following qualifications: 

  • RLSS National Beach Lifeguard Qualification 
  • National Aquatic Rescue Standard (NaRS): Beach Lifeguard, run by the Surf Life Saving Association of Great Britain (SLSA GB). 

These qualifications can be gained by training with a commercial training organisation like Harlyn Surf School in Cornwal. Or, you can join a local RLSS Lifeguard club or SLSA GB life-saving club as a volunteer. 

You can get information on all lifeguard courses in your area through the Learndirect careers advice website. Expect to pay between £100 and £150, although if you receive benefits you may be entitled to discounts. Because you’ll be working with or around children, you’ll need to undergo a DBS (Disclosure and Barring Service check). 

 

Final notes on summer jobs

Summer brings new chores – lawns have to be mown more often and cars washed more frequently. You’d be surprised at how many people are willing to pay someone to take these tasks off their hands. Mowing lawns in the sun is far from unpleasant! 

Put an ad on Gumtree and get yourself some free business cards to hand out. Put an ad up in your local Post Office or shop, and spread the word. You can pick and choose the jobs you take on, and you can work on your tan as you earn! 

 We also have ideas to make money from your holiday here

The post Top Ten Summer Jobs 2023 Edition appeared first on MoneyMagpie.

Original source: https://www.moneymagpie.com/make-money/top-ten-summer-jobs-2022-edition

10 of the most lucrative side hustles right now

10 of the most lucrative side hustles right now 

With the cost of living ever rising, more people are turning their downtime into profit-making opportunities. There are countless ways to earn an income from home. If you are a regular over here on MoneyMagpie, you’ll know we love bringing our readers ways to make extra cash. However, one trend is making a significant impact on the side hustle scene right now: domain flipping. 

Gone are the days when domain names were just addresses for websites. Today, they are digital real estate, and the art of domain flipping has become a lucrative side hustle that you can master in your pyjamas. Compared to other ventures, domain flipping offers a unique blend of creativity, strategic thinking, and the potential for significant returns. 

While traditional side hustles like freelance writing, virtual assistance, and affiliate marketing are still thriving, the digital landscape has paved the way for new, dynamic opportunities that challenge the status quo. From becoming a self-published author to diving into the world of affiliate marketing, here are some of the money-makers you can do from the comfort of your home. 

  1. Become a Self-Published Author with Amazon KDP 

Use Canva’s vast library of templates to design engaging workbooks and calendars. Once your designs are ready, create an Amazon KDP account and upload your work. With Amazon handling printing and shipping, you earn a 35% royalty rate on books priced below £2.35, or above £7.86. 

  1. Create Unique Merchandise on Etsy 

With Canva, design attractive mugs, t-shirts, and accessories, then sync your designs to Etsy via Printful. As an all-in-one solution, Printful takes care of printing and shipping. Site like eRank.com can help to optimise your Etsy listings and boost your store visibility (which means more money for you). As a bonus, beginners receive 40 free listings! 

We have a great article about making money from personalised items here. 

  1. Affiliate marketing on social media 

Join affiliate programs from your favourite online stores, choose a product, and promote it on your social media platforms. Your earning potential varies with experience: beginners can earn up to £787.03 per month, intermediates £787.03 – £7870.30, while advanced marketers can rake in over £78,703 monthly, according to Authority Hacker. 

Read our article on making money on social media here. 

  1. Music Reviewing: Earn Up to £163.70 Per Day  

Platforms like Slicethepie.com and Playlistpush.com pay you to listen to and review songs. It’s a fun and relaxing way to earn money from your bed. We have a whole article about ways to make money listening to music, too! 

  1. Virtual Assistant: Earn Around £120.42 Per Day  

Put your organisational skills to use by becoming a virtual assistant on platforms like Fiverr and Upwork. It’s a flexible way to earn money from home. Find more about becoming a virtual assitant here. 

  1. Selling Designs: Make Around £53.52 Per Day  

Sell your original designs on platforms like Etsy and Dazzle.com. Whether it’s digital art, graphic designs, or print templates, there’s a market for your creativity. 

  1. Freelance Digital Marketing: Up to £393.51 Per Day 

With platforms like Fiverr, you can offer your digital marketing skills to businesses worldwide. It’s a great way to monetize your marketing knowledge and experience. 

  1. Watching Ads: Earn About £78.70 Per Day  

Websites like Inboxdollars.com and Mypoints.com pay you to watch ads. It’s a simple and straightforward way to earn extra money in your spare time. 

  1. Transcription Writing: Earn Up to £2361.09 Per Month  

Platforms like Fiverr and GMR Transcription offer various transcription jobs, including text-to-text, video transcription, and English/Spanish transcription. It’s a flexible and rewarding side hustle if you’re a fast and accurate typist. Find out more about finding transciption jobs in the UK here. 

If you’re a keen writer, we have plenty of ways to make money writing here. 

  1. Domain Flipping: £236.11 – £1,180.55 Per Month (for Beginners)  

The latest side-hustle trend is domain flipping. SEO experts and domain investors purchase keyword-dense domain names, enhance their search engine rankings, and sell them for profit. With platforms like Justdropped.com and Flippa.com, even beginners can start earning between £200 and £1,200 per month. As seen on TikTok, domain flipping has transformed the side hustle scene, offering substantial earnings without leaving your bed. 

Here are some key factors to consider when searching through free domain lists: 

  • Domain Popularity (DP): This metric refers to the number of backlinks pointing to a specific domain. More backlinks often signify a more popular domain.  
  • Expiration Date & Availability Status: Some free domain lists feature domains that are about to expire. You can check the expiration date of any domain using Whois. 
  • Domain Registrar: This is the company that makes the domain available to the public. Some well-known registrars include GoDaddy and SnapNames. 
  • Domain Age: This is the duration for which a domain name has been in existence. While older domains can have more authority, they might be less relevant in search results. Look for domains between five and ten years old to strike a balance. 
  • Keywords: If you’re looking for a domain for a specific purpose, consider those that include relevant keywords. 
  • Backlink Profile: Domains with high rankings usually have a good number of backlinks. Beware of expired domains linking to spammy or foreign websites, as these can lower search engine rankings.  
  • Anchor Texts: Check the anchor text associated with a domain’s links. If a website has relevant content and each link uses appropriate anchor text, your SEO value could increase. 
  • Historical Data: Using Wayback Machine, you can access a domain’s content to understand the types of content previously used on the site. 
  • Search Engine Optimization (SEO): This is the practice of enhancing a website’s rankings on search engines like Google and Bing. SERP tools can give you insights into a domain’s Google rankings, page rankings, and average web traffic. 

And the best part? You can explore these facets of domain hunting without leaving the comfort of your bed. 

Do you have a side hustle? Let us know in the comments below! 

 

The post 10 of the most lucrative side hustles right now appeared first on MoneyMagpie.

Original source: https://www.moneymagpie.com/make-money/10-of-the-most-lucrative-side-hustles-right-now

Authority management: A new discipline in the era of SGE and E-E-A-T

With the rise of large language models (LLMs), mass-produced AI content is becoming more prevalent and the risk of incorrect information spreading also grows.

Thus, it is increasingly important for search engines and answer machines to identify trustworthy and authoritative sources and weed out all others.

This recent evolution in SEO requires new tasks, skills and roles.

This article explores a new potential marketing discipline called “digital authority management” and the role of E-E-A-T in a new search environment like Google’s Search Generative Experience (SGE).

Quality verification for Google search: E-E-A-T’s influence and role

The huge influence of E-E-A-T in today’s Google search can no longer be ignored.

An author’s general authority and credibility become more significant at a time when mass-produced, identical AI content and disinformation are rampant.

Below is a summary of possible areas of influence of E-E-A-T in Google search:

Rankings in the classic Google search results

At least since the documentation of the Google Core Updates, the importance of E-E-A-T as a ranking influence has been confirmed since 2018.

Display in Google Discover and Google News

According to Google, E-E-A-T is used for playout on Google News and Discover one of the three most important factors.

Helpful content system

E-E-A-T plays an important role here. According to the Helpful Content System documentation:

“Google’s automated systems are designed to use many different factors to rank great content. After identifying relevant content, our systems aim to prioritize those that seem most helpful. To do this, they identify a mix of factors that can help determine which content demonstrates aspects of experience, expertise, authoritativeness, and trustworthiness, or what we call E-E-A-T.”

Rich snippet elements are not displayed for every result, even though they have implemented the necessary structured data. 

From my observation, there must be a sitewide factor that may or may not show these items depending on the topic. E-E-A-T would be a suitable standard for choosing results that are getting rich snippets.

Indexing

One of the big challenges for Google is the cost-effective crawling and indexing of URLs and content. In times of mass content created with AI, this challenge increases exponentially. 

Google’s Gary Illyes recently commented on indexing in the Search Off the Record podcast. He pointed out that proportionately less content will be indexed in the future and that website owners should pay more attention to the quality of their content so that it is indexed. 

E-E-A-T would be a way to exclude entire website areas from indexing in a scalable way without having to crawl every single URL.


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E-E-A-T as a meta factor at author level

When it comes to E-E-A-T, I often read that one should optimize at the document level, but it is quickly forgotten that, in addition to the main content (MC), it is primarily about the evaluation of the author or the content creator. I call them “source entities.”

The search quality rater guidelines clearly state that the main focus should be on the reputation of the website and the content creator in the page quality rating.

Reputation of the website
Source: Google search quality rater guidelines

Reputation can be used analogously to trust, which is the focus of E-E-A-T.

Here, we need to distinguish between the source entity (publisher or author) and the website (domain).

Websites are to be understood as digital representations of source entities, so they are closely related to each other.

An E-E-A-T evaluation takes place primarily on a meta level for the website, source entity, or content creator. 

Source: Google Quality Rater Guidelines

The reputation of a website should be checked based on the information published there and, above all, by researching independent sources such as:

  • Reviews.
  • References.
  • Recommendations by independent experts.
  • Forum discussions.
  • Wikipedia.
Reputation of the website - QRG

Off-page sources provide information about the source entity on About Us pages and comments on the main content.

It is about evaluating a consistent and qualitative overall picture of the source entity or content creator.

In my article “14 ways Google may evaluate E-A-T,” I have identified over 14 measurable signals that may play a role in E-E-A-T.

Possible factors for E-E-A-T evaluation

Google has made it clear several times that E-E-A-T is not a direct ranking factor and that there is no uniform E-E-A-T score. Rather, E-E-A-T is a mix of factors that gives an overall picture of experience, expertise, authoritativeness and trustworthiness in content and the source entity.

E-E-A-T can be understood as a quality classifier that provides content with a ranking bonus after document scoring. This ranking bonus is higher for YMYL topics than other topics and searches.

E-E-A-T quality classifier

Possible ranking process including E-E-A-T at Google

Websites can be divided into different quality levels, described in the Google patent, “Website Representation Vector to Generate Search Results and Classify Website.”

Website Representation Vector to Generate Search Results and Classify Website

Depending on the level, the ranking bonus can vary.

As we can see, building a reputation, authority and credibility that can be measured by Google plays an increasingly important role in Google rankings.

In How Google may identify and evaluate authors through E-E-A-T, I explain in more detail how Google can evaluate source entities at this meta level.

The possible role of E-E-A-T on generative AI applications like Bard

LLMs such as GPT, BARD or PaLM learn using training data from selected sources. This process takes place as part of natural language understanding. 

We have seen LLM-based outputs through ChatGPT and will see more in the future through the AI ​​snapshot box and conversational mode on Google SGE.

For the training data to be as valid as possible, providers of generative AI applications must ensure that the underlying data corpus comes from trustworthy sources.

Google could also use the E-E-A-T concept to select these sources and only access those that belong to a certain quality class. 

This would enable Google to update the data corpus for training the LLMs on a big scale. The facts from the Knowledge Graph could be used for fact-checking. 

Pretrained and finetuned LLM

The link boxes in the snapshot box refer to results related to the AI-generated response, according to Google.

Because the links’ positions are highly visible, Google will have to pay attention to particularly trustworthy sources. Here, too, E-E-A-T can play an important role.

SGE links demonstrate E-E-A-T

The author’s experience and expertise, the delivery in the new perspective feed should play an important role, according to Google, which suggests the reference to the double E in E-E-A-T.

Google tweet

Future product or solution searches could look like this:

Home Business

Aim for your products and solutions to be included in topically relevant AI-generated responses by leveraging relevant sources selected as training data for LLMs.

This is the only way to create the necessary co-occurrences of product or company plus topic/product group.

This also turns you into an authoritative brand with a solid reputation for the algorithms.

The role of digital authority management

Building a brand and reputation are originally the task of brand management, marketing and PR – basically, beyond classic SEO.

However, those responsible for brands rarely concern themselves with the effects of their efforts on generating algorithmically measurable signals.

In many companies, SEO and brand management are far apart and don’t often talk to each other. So there is a gap that brand managers and SEOs in most companies have yet to close. I believe digital authority management is the answer.

Digital authority management involves SEO and branding and is responsible for building digital brand to improve visibility in search engines and generative AI-controlled output applications.

A digital authority manager plans and promotes efforts to generate algorithmically measurable signals of topic leadership and brand positioning. In addition, this role is responsible for the consistency of the signals and the digital sentiment around the company.

Here are some approaches to the tasks of a digital authority manager:

  • Positioning of authors or companies as experts.
  • Establishing a digitally recognizable themed tour.
  • Ensuring the consistency of author and company descriptions in online media.
  • Earning and controlling links from authoritative media.
  • Designing marketing and PR campaigns that influence brand searches/
  • Identifying resources used (by Google) for training LLMs.
  • Controlling sentiment-related signals such as ratings.
  • Controlling brand-related online samples.
  • Managing influencer relations and influencer marketing.
  • Closing exchanges with social media, SEO, link building, content creation, PR, marketing and brand management.

Rethinking your digital branding and organizational structure

The significance of building digital brands is growing in the era of generative AI. Digital brand building involves generating signals that work for people and the algorithms of digital gatekeepers such as search engines.

It is time to rethink your corporate structure, break down silos and work toward a user-centric organization. 

User-centric companies do not structure themselves according to channels but to user needs. They are also up to speed with technological developments. 

Interface disciplines such as digital authority management become more vital to create bridges between departments and make the silos penetrable.

The role of digital authority management in modern companies

The post Authority management: A new discipline in the era of SGE and E-E-A-T appeared first on Search Engine Land.

Original source: https://searchengineland.com/authority-management-new-discipline-428948

ChatGPT Browse with Bing temporarily disabled

Open AI has disabled the Bing search feature it has added to its ChatGPT AI service. “We’ve disabled the Browse with Bing beta feature out of an abundance of caution while we fix this in order to do right by content owners,” Open AI posted.

Open AI said it is working on bringing the feature back but for now it had to disable the feature because it reportedly allowed access to paywalled content.

Browse with Bing. Open AI added Bing Search to ChatGPT as a premium service in May. Doing so added to ChatGPT more up-to-date information and timely information powered by Bing Search. ChatGPT has a data set from 2021 or earlier, which is why using Bing Chat provided a better experience for more timely questions. With Bing Search in ChatGPT, the service can “provide timelier and more up-to-date answers with access from the web,” the company wrote.

The service was for ChatGPT Plus subscribers.

Disabled on July 3rd. On July 3, 2023, Open AI disabled the Browse with Bing feature on ChatGPT. It was disabled “out of an abundance of caution,” the company wrote. “Ww are working to bring the beta back as quickly as possible,” the AI company added.

Paywalled content loophole. Last week, many noticed that ChatGPT’s Browse with Bing feature was able to access content behind a paywall. Here is a tweet I spotted back then:

Mikhail Parakhin from Microsoft replied to that on Twitter, saying, “In Bing Chat we have a mechanism to prevent paywalled content from leaking into answers (if publisher set up the “paywall” flag).” “I will let OpenAI know they should double-check this,” he said back then. I guess Microsoft Bing is working with Open AI’s ChatGPT team to resolve the issue on Open AI’s side. I do not believe this impacts Bing Chat.

What it looks like. Here is a screenshot showing how it is enabled for Plus subscribers:

Chatgpt Bing Search 673x600

Why we care. The Browse with Bing feature in ChatGPT made the service even more useful to searchers and people with questions. It is unclear when the feature will return but I suspect it will return soon.

The post ChatGPT Browse with Bing temporarily disabled appeared first on Search Engine Land.

Original source: https://searchengineland.com/chatgpt-browse-with-bing-temporarily-disabled-428996