Why You Need Professional Website for Your Business

We are living in digital era where everything can be handled using digital devices, tools, and whatnot. It gives advantage for us because it makes life easier. It also benefits business owners as marketing can use digital approaches. If you are running a business and still ignorant of the advantage of digital marketing, you will lose more opportunities to grow successfully with your business. One of the most digital approaches for marketing strategy is to create professional website for your business. It is one of the most effective marketing strategy as well as branding. 

Benefits of creating professional website for your business

Everyone from various background and discipline can run their own business. You can use your own strategy to achieve your goals. However, you need to keep up with the dynamic of the market. Online presence is one of the factors that can help your business to grow faster and being recognized effectively by larger audience. Here are reasons why you need professional website for your business.

Map Geographical Location of Your Customers

In order to reach out your customers, you need to know where they spend their times. Most people spend their time online. They search information online and like engaging within online community. You can take advantage of this by creating your own website so you reach out larger audience effectively and engage with them. Your professional website will also help your customer to reach you more efficiently.

Get Recognised Easily

You need your business to be recognized by audience so you can introduce your products and services effectively. One of the best place to let them know your presence is online platform. It has unlimited audiences from local and international. Granted, your business will have better visibility. By having professional website, you need to make the most of the visibility by using SEO strategy. This way, your website will end up being the top ranks in the search engine. This means your website receive more exposure and your potential customers can reach you easier.

Nurture Existing Customers

Professional website is not only to attract new potential customers. Remember that you also need to nurture your existing customer so they stay satisfied with your products and services. Your professional website can be the great place and bridge to nurture relationship between you and your existing customers. You can always ask their feedbacks so you know the dynamic of their needs change. You can conduct a live chat or survey polls to know what’s on your existing customers’ mind. 

Read More: Maintaining Good Relationship with Your Tenants for Smooth Property Business

Build Credibility and Reputation

Professional website is also like a tool you can use to build your credibility and reputation. Those are quality needed to make your business grow successfully. When you create professional website and it is well managed then you gain trust from you customers. It also shows how dedicated you are to your business and customers. With well-built professional website, you can also create positive user experience, making your customers happy anytime they click on your website. Besides, you will generate more leads and customers through professional website that is well-built.

How to Save Your Struggling Small Business

Running your own business means you should be ready to face the risk. One of them is your business to be struggling during a crisis. There are various reasons on why your small business ended up struggling. Financial crisis is one of the most common factors. However, it doesn’t mean that you have failed already. You still have chance to get it back in line with some efforts and strategies. Besides, experiencing ups and downs in business is common for business owners. Business is not for the weak anyway.

Getting your struggling small business back in line

There are many forms of how your business is struggling. What you need to do is stay calm and find the right solution to get it back in line. Of course, it is easier said than done because many business owners failed to do so. Remember that your finance is one of the most crucial factors in getting back your struggling business. Here are some tips you can consider:

How to Save Your Struggling Small Business

Finding the Root of Problem

The first thing you need to do when your small business is struggling is to find the root of the problem. Even if you are struggling to find one, there must be one when you search enough. Most of the problems is rooted from financial plan. Thus, you can start digging the problems from there.

Never overestimate

One of the most common mistakes in financial plan is that when business owners overestimate the income of the business they run, be it net income, profit, etc. at the same time, they underestimate the expense. Both are not supposed to do when running business because they can lead to disaster in your financial setting. Remember that business is about game of number. It is important to calculate everything thoroughly and carefully so at least you get estimation the closest to reality.

Control Spending

The money that you earn from running your own business is meant to be spent. You should spend it and that’s the how the cash flow works. However, do not spend all of it or do not spend it too much.  Instead of making random decision on how you spend the money, it is much better to make budgeting of business expense. Thus, you will know what your priority is and you know where to spend your money. Budget management is important because the unexpected is possible to come so you always need to be prepared with the cash in your business account.

Keep Track on Financial Life

Manage your writing business financial life. This way, you can keep track of your business expense. You will be able to see where the problem lies that cause your business to struggle much. While finding out the cause of the problem, you can start arranging and managing your finance to the better. Remember that you need to make positive cash flow so your business will stay afloat in the long run. From the beginning of running your business, make sure that you don’t mix business and personal finance because it can cause so much troubles than you expected.

Mortgage Default in Property Investment

Mortgage is common in property investment business and it is related to financial circumstances. You see, not all investor can afford an investment property. Thus, they turn to lenders such as banks to borrow money so they can purchase property they want to invest.

It sounds simple but lots of investors are a little scared of mortgage due to its interest rates. However, mortgage can be really helpful if you choose the right one. Thus, it is highly advised to not being rush in choosing the right lenders that offer the best loan contract and credit policies.

About mortgage default in property investment business

Lots of people only focus on the rates when it comes to mortgage. However, there is more than that you should focus on. Before signing loan contract, you need to make sure that you understand every term and condition so you know what you are committed to.

Of course, the possibility of rising interest rates in the future is terrifying for investors and that is one the most common reasons why they are so stressed about it.

Things to know about mortgage default in property investment business

It is also important for you to understand about mortgage default just in case something bad happens to your property investment business. You see, sometimes bad things are inevitable. Before it even happens, you need to have exit strategy so you won’t suffer from severe loss. There are various reasons of mortgage default.

The most common reasons is a death in the family. This is unpredictable and inevitable at the same time. Another impact of this situation is financial burden that is carried by the remaining families such as funeral service, burial, cremation, etc. If the person who passed away has partner, the remaining one should move to a single home which cost as well.

Next common reasons of mortgage default is separation or divorce. When a property is owned by couple or spouse, it can cause mortgage default. Finding the right solution for this matter can be tricky. This reason also takes the longest to deal with especially when the separation is on bad term.

The financial burden is hard to decide because both parties usually have their own arguments. Another common reason is unemployment and sickness. When you stop working, it means you don’t have income. It means you won’t be able to fulfil loan repayment.

These situation are also unexpected so that’s why you need to do your best choosing the right loan contract from the start.

There is bad situation in property investment business regarding to mortgage. It is when investor spend their 30% or more of their pre-tax income on property loan repayments. This situation is not good for investors. However, lots of investors apparently have experienced this type of stress. Of course, it doesn’t mean all investors will experience it.

However, investors that borrowed too much to start off are likely to experience this. They tend to be in more unfortunate situation when there is even small rate rise. Mortgage stress is different from cash flow downturn. The situations and the impacts of both are different in various sense.

Should You Sell Your Rental Property Located at Travel Spot?

Should you sell the rental property you have had that located at travel spot? It seems to be the hard question and I believe that many of us will have our own arguments.

And at the end, we won’t really know the answer ’till you are deciding what the best thing to do. And no matter what your decision will be, that can be the best for the time. No more hard thinking but you will find some days or weeks ahead if you are going to regret your decision or not.

Should I sell the rental property at travel spot?

As the travel spot is great for almost any available businesses, selling the rental property can be important decision you have made in your business career.

It is not really easy no matter how logic you are trying to think and no matter how many references and business consultants you have visited. Selling the rental property at travel spot is also means that you are going to sell the existing values it has along with its future potentials.

So that, you’d better think twice or even thousand times if you are going to do so.

So, why the other businessmen are selling their rental property?

We have never truly know what happened to someone or what the business goals they are trying to achieve. Sometimes, people are doing things because they will need more money to build new business they love, paying the taxes that have not been paid, getting too many troublesome in maintaining the rental property itself and many more reasons.

If we have got the reasons to build the rental property at travel spot before, then I think that we will also need the reasons why we need to give it away to the other businessmen.

The next reason that will also supports the first reason on above is that the other people may have a major life event. It could be the marriage, moving to a new workplace, accident where I hope you won’t get this one and many more.

So even though rental property is a professional business, there will always the reasons that it will also be affected by the personal excuses.

The other may also just have got the new better sources of passive income. Basically, we are doing business to gain money. That can be the first value for many of us. And when there will be another sources that are better than rental property, then why not.

Selling the property may not the first choice you can get. You can still develops the the business to support the destination it located. But when you will combine some professional and personal reasons, if you think that you can’t holds it any longer, then hands it over to another business deal can be your solution.

There two questions to remind you whether you will sell your rental property or not. Both are; What the advantages for you? and what the possible things you could regret in the future?

You can also start by thinking about the “what if” questions to digging more about the decision on selling your rental property at the travel spot. You’ve got this idea, haven’t you?

In case if you won’t sell the rental property, you may want to get some inspirations and insight through out the various type of property business at the public beach. It may will help you to make a decision.

Important Reason to Start Your Graphic Design Career in Bali

Mostly, many people are considering Bali as only one of the world’s travel destination. But today, I will also recommending you to start your graphic design career journey in Bali for one of important reason.

If the other cities in Indonesia are good for running business, than it will also be the perfect place when you are doing it in Bali. Either you will be a graphic designer in an agency or offering your graphic design Bali services to the businessmen, you are welcome when you are starting them both in Bali.

The one and only important reason that I mean to telling you is that; Bali is providing you the customers from around the world. Just name the country you have in mind, there will be those people who came from the state you are going to spell out.

Now the main question related to that is: How come it is so important?

Important reason to start graphic design career and business in Bali

The first thing comes up in my mind is that, when you can get more customers from different countries, cultures, religions, etc, you will also learn about the graphic design “taste” from different people.

You will not only meet one point of view for an issue but there will be some or even more. That will enrich your knowledge and experiences as well. You will learn how to deal with them, what kind of design concept will be accepted and many more.

And since there will be more people from the other countries, you barely can meet such condition at the other locations in Indonesia. Bali is truly differentiates itself by that for long time.

Next advantage you can get is relates to your salary. Jakarta as the capital city of Indonesia may have a higher salary of almost any jobs, so do for the graphic designer. But, Bali is considerably is pretty much high for that as well. Ever since the graphic design is important for businessmen, the services then become much appreciated as well especially by the foreigners.

Starting your graphic design services in Bali is also easy. You can be a freelance after work and start your own business empire and many of customers are actually looking for the freelancers that they can meet directly and see if they can trust you or not.

That will be a good way to avoid taxes as graphic designer since doing that will be out of track for the government access. You are truly under the radar especially when you are getting customers through online, I think there’s still no tax for that online earning.

Through the clients that you have been met at work and as the freelancers, you are actually have been expanding your own business network. By the times, your have been well known by many businessmen while getting new clients occasionally. Therefore, if you are truly the graphic design enthusiast and want to start and take your career to the next level, you may want to try it in Bali.

But it all will be your decision. The other cities are also good for your starting point. But certainly will be far different with Bali especially the international market it has.

Understanding Tenant Market to Make Better Property Investing

Growing your property business may need you to pull your teeth. It is challenging but worthy. Managing property business requires you to handle lots of things.

Some of them hold the key to your success such as tenant market. Of course your property is your asset that you should make the most of it. Thus, purchasing investment grade property is a must from the beginning. However, your investment grade property won’t be a use if it is not tenanted.

You can pay your mortgage if your property is far from being vacant. Your tenants play a big role in maintaining your healthy cash flow after all. Thus, it is just reasonable to understand more about tenants market.

Seeing from tenant’s point of view

You should make your property desirable in the eyes of prospective tenants.

You should find out what the renters really want of ideal living condition.

Understanding tenant's point of view for better property investing

You also need to figure out what they really want from a prospective according to their lifestyle preference. Here are things you should know about tenant market:

  • Desirability is one of the most important point in tenant market. You should know what your tenants desire for their prospective homes. This will lead you to understand more how to make them happy and content. If your tenants are unhappy, it is easy for them to walk out. In contrast, they will be happily staying longer and prolonging their lease if they have ideal living condition that match their lifestyle preference. Of course it is challenging to find out what the tenants really want because every individual is unique in their own way. It will be easier to create desirability if you have target in the tenant market.
  • Aside from finding out what the tenants really want, it is also important for you to find out things that can piss them off. Tenants find it frustrating to have unresponsive landlords or property manager. They also find it annoying when they are restricted even for doing small changes to the property such as painting their room the color their want. You may also need to know that in the tenant market there are pet owners who are unhappy when they are not allowed to have their pet living with them in the property. By knowing what can make tenants run away, you can make more reasonable lease agreement and tenancy rules.
  • You need to find something you absolutely should have in your rental property. There are some things that you should have no matter what happens if you want to attract tenant market. They include large living space, well-appointed kitchen, air-conditioning and heating, convincing security system, nice out door space, etc.
  • You also need to know that neighborhood or location of the property can help you attracting tenant market. Thus, make sure you choose property located in safe neighborhood with good access to public transport. It is even better if your property offer great proximity to workplace and shopping amenities because that’s what tenants want in general.

Maintaining Good Relationship with Your Tenants for Smooth Property Business

Owning rental property requires you to deal with many things such as financial issues, maintenance, updated property market, and of course tenancy. All these things can be overwhelming and put you under a stressful situation.

That’s why it is always recommended by experts for landlord and rental property owners to hire property manager. However, there is a limit of what a property manager can do for you to keep your business flows smoothly. You also have responsibilities to keep everything neat and well, includes maintaining good relationship with your tenants.

What can put your relationship with tenants in jeopardy?

With property manager, sometimes rental property owners forget that they still have responsibilities to do and keep a good term with tenants is one of them. Remember that not only the property is your asset but so is your tenants.

They are invaluable asset you need to keep. Thus, it is important to know the things that can put your relationship with your tenants in jeopardy and more or less risk your rental property investment.

Poor communication due to emotional outburst

Poor communication skill can hard the relationship with the tenants in emotional worst way

There are many things that cause misunderstanding. One of them is poor communication due to emotional outbursts. Sometimes, tenants have their own problems that when they have minor complaint about your property, they take it out the wrong way.

And sometimes, you react the wrong way too. It can create tension that can lead to misunderstanding. Therefore, it is recommended to stay calm when you have a little dispute with your tenants because anger won’t solve anything.

Instead, you can try to explain the issue calmly so it can be solved efficiently without straining your tenant-landlord relationship.

Mistreatment from both parties

Respecting personal right is what you and your tenants should keep if you want your relationship stay for a long-term. However, sometimes there are problems relating to it.

For example, your tenants don’t take a good care of the property so there are many things to fix. On the other hand, you showing up unannounced in front of your tenant’s door is considered disrespectful as well. Therefore, you and your tenants should show mutual respect to each personal rights.

You should make sure that your tenants treat the property like it’s their own by taking good care of it. On the other hand, you should also show your respect by give a notice prior to your visit.

Unfulfilled promises

As a landlord, you have responsibilities to listen to your tenants. When something need to be repaired, you can’t just promise your tenant to fix it then forget about it. You need to fulfill your promise because it is your responsibility as property owner and landlord.

If you don’t want to have problem in the future regarding to promises and agreement, make sure to write everything down. Thus, you will be able to find the right solution when problems arise.

Aside from unfulfilled promises, your tenant-landlord relationship can be put in jeopardy due to different expectation. Thus, make sure to provide hospitable accommodation for your tenants.

Ubud Villas Options for Your Recommendation

Staying in Bali to spend your holiday is great idea because Bali provides everything you need for a memorable vacation. Amongst all popular areas, Ubud is recommended to stay in. You can rent one of Ubud villas that provides you with services and facilities you prefer. Besides, Bali is travel destination that fits any type of traveler. From backpacker to luxury travelers, Bali can give what you want started from perfect accommodation that meets your budgets to stunning attraction you won’t forget. Of course, picturesque view is the highlight of Bali because everywhere you go, you will be presented with stunning landscape of the nature.

Here is the list of Ubud villas you can rent

It must be stressful to find villas to stay during your time in Bali. Instead of renting the place on the spot, it is highly advised to book beforehand. Aside from being less hassle, it gives you security just in case the villa you are going to rent is already fully booked. Booking villa in advance also makes your holiday more efficient. So here is recommendation of villas in Ubud:

  • Villa Awang Awang is a five bedroom-villa located in Melayang Village. This is also a family-friendly villa providing great service and amenities. The best part of staying at this villa is the views of the landscape you can see from the uphill. The majority of villa is designed in traditional Balinese style. There are also some Indonesian antiques decorating interior design. Then, infinity pool is also available for relaxing outside the villa. You can also visit the nearest temple to meditate or just admire the building.
  • Griya Atma is located in the middle of the rice fields, allowing you to enjoy the scenery anytime you want. The majority of this villa is designed in traditional Balinese style but has some modern flairs as accent. This villa features spacious bedroom with private veranda, outdoor rain shower, as well as Jacuzzi and infinity pool. There is also a book library if you feel like reading while enjoying the scenery.
  • Samaki Villa is a three bedrooms-villa in the middle of nature. Staying at this villa, you will feel strong vibe of calmness and serenity. There is stand-alone bungalow overlooking stunning view of the nature. This villa is mostly designed in natural style. It is dominated by wooden materials. The roof is also decorated with alang-alang, a traditional Balinese style. You can relax in a terrazzo bathtub, outdoor garden or infinity pool.
  • Amrita Villa is a three bedrooms-villa surrounded by rainforest and rice fields.  This place is perfect to release some stress and recharge your energy with positivity. You can sip your afternoon tea or coffee at the balcony overlooking the view. This villa is located not too far from the center of Ubud. Thus, you still have access to go to important places. There is also tropical garden filled with various plants and flowers outside the villa. This villa is perfect for solo traveler as well as couples.

Various Goals Owned by Property Investors

Every investor has their own goal for why they invest in property. The goal is what drives them to keep going and trying. Comparing your goal with average investors is not essential. However, there is nothing to lose if you know what other’s goals are. Basically, there are two main goals which are short-term and long-term goals. Every investor should have those two goals. The type of goal you have can determine what kind of investor you are. Whether you are a conservative or ambitious investors can be seen from your goal, especially from the long-term ones. Of course, having goal is essential in property investing as it is the thing you should achieve.

The average goals of property investors

Goals in property investing is not only helping you to thrive the business. It also helps you to know where you direction is. You see, there are various paths you can take during your investing. There are so many choices you and decision you need to make. With clear goals, you know where to go and what kind of strategies you should use in order to achieve them efficiently and successfully. Here are the most common goals of property investors you may need to know:

Owning Multiple Properties

One of the most common goals is to own five or six investment properties by retirement age in hope to have financial freedom without working too much. It is not wrong to have this kind of goal. You can have as many investment properties as you want to get your own financial freedom. However, you also need to remember that there is no relevancy between wealth and the number of investment properties you have.  The more important points than the number is the value and the size of your asset. You also will be more beneficial when you focus on the quality of your asset with the portfolio. It is better to have one property worth $1M instead of 10 properties worth $100K. Therefore, it is recommended not to decide your goal based on the number but based on the quality and value of the asset. It is more relevant to the wealth.

Having Passive Income in Mind

Another goal owned by most property investor is to have property portfolio generating $100K in passive income per year. The purpose comes from the need to reach financial freedom as well. Of course, you can have this goal as well and there is nothing wrong with that. However, it is realistic and achievable if you have allocated enough time. The key of this goal is time because you need to see how your investment grade assets grow and compound. The process of how your asset grows doesn’t happen overnight. If you look at the nominal $100K, it is considered realistic and enough for you to live your retirement pretty comfortable. It will be enough if you are a mortgage free as well. If you don’t have excessive spending habits, $100 K will be enough to cover tour daily expense with decent luxuries occasionally.

Various Type of Property Business At the Public Beach

Doing business at tourist spot like the public beach can be a dream for many businessmen. It is no wonder since the spot is getting its own attractions so many people will keep on visiting at almost anytime.

Have you been heard before that the public beach is closed for no reason? I bet that we haven’t except there something happening such disasters, etc.

When we are talking about the property business at the public beach, most of us may are thinking about the various kind of the stay. In fact, it is not only the kind of property you need to get if possible since there are more of that.

Types of property businesses to run at public beach

That’s why I am here to share some types of property for business that I have seen in many tourist spots that I have been visited.

Anyway, another one advantage the businessmen can take from doing business at the public beach is that they can be possible to cut some ads expenses for promoting the business since the destination is usually will be promoted by the local government, etc.

1. Accommodation rentals

This kind of property business will be needed by the tourists who need to stay for at least a day or two at the public beach or arounds it.

The more the beach is popular, especially there will be various attraction the travellers can do, the better for the accommodation rentals business. Be it renting the hotel rooms, villas and condos with coastal view, and many more.

2. Culinary centres at the public beach

Foods and drinks can be the things that can make the travelling feels completed especially when each regions have their own recipes and tastes. And all of that are needed by those who are visiting the public beach.

Drinks are great when the weather is getting hotter, while foods can be one kind of travelling you can experience especially when you are the foods enthusiast or generally as the culinary maniac.

Some of the culinary businesses you could run at the public beach are the restaurant or the destination restaurant, cafe and coffee shop where the travellers can be hanging out while enjoying the scene, cafetaria, etc.

3. Beach clubs

I have something to say that not so long ago, I just knew about this. I have never heard and known about the beach clubs before. Even though the beach clubs themselves are just like the combination of the both points on above.

But, i think that they are still interesting to try for doing business since beach clubs are way to enjoy the beach in luxury while getting relaxed on the sun beds next to the ocean.

4. Night clubs

Far different with the beach clubs where you can enjoy the slow moment at the public beach, the night clubs are for those who need to take the entertainment to the next level.

Mostly, the term of “getting crazy” will be suit to the night clubs than the others business property since they are mostly offering the alcoholic drinks for the visitors and the others that can be so addictive.

The thing is that, when the public beach is only getting the average amount of visitors even in a high season of vacation, then that will be the business you won’t involving in.

5. Souvenir shop is mostly the business that is suits anywhere

After all the itineraries you have to be experienced are done, then the next thing is that you will be ready to get back to where you have came from. But before that, you may need to stop at the souvenir shops to buy things that you should bringing home for the families and friends, right?

Since the public beach is visited by many travellers, you are lucky if you can get a property that can be used for selling the souvenirs.