RFL's toy brand Playtime has brought the Mini Cooper Car toy for children. RN Paul, managing director of RFL Group, unveiled the Mini Cooper Car in Dhaka recently. Read more: PRAN-RFL group wins six trophies for its export prowess. Kazi Rashedul Islam, executive director of Playtime Toy, said: "Currently, the trend of using different types of electric toy cars has increased among children. That is why we have launched this product." "This car can be used through remote control and be operated through an app. It can be used for more than four hours with a single charge. The maximum retail price of RFL Mini Cooper Car toy is Tk16,000," he added. Read More: Safe Toys for Children: Tips to avoid harmful playing objects
According to BTRC, at the end of December 2021, the total number of Internet subscribers had reached 123.82 million.If you want to expand your small business, you cannot afford to overlook SEO. Investing in website optimization will provide several significant benefits. Small business SEO is not the same as local SEO, which helps businesses appear in location-based rather than global results. Some small businesses, on the other hand, may hope to benefit from local traffic; if this is the case, your small business strategy will include local steps. Having an online presence for your company is unusable if it does not generate sufficient leads. Often, staying on page one is not enough to guarantee success. To generate more leads, you need both online and offline clients. Because of search engines, potential customers now have greater market control. Read: Share Market Investment Guide: How to Invest in Stocks in Bangladesh Your goal is to convert these potential customers into paying customers for your company. SEO, on the other hand, will not perform selling tasks. It drives traffic to your website, and your sales team will deal with the rest. What exactly is Local SEO and how does it function? Local SEO is a marketing strategy that assists local companies in being more visible in Google's local search results. It is performed by companies that wish to be more readily discovered online by local customers. If you want to offer items or services to people in a certain town or city, you must understand local search marketing. This sort of SEO, when performed correctly, helps a local company appear more prominently in the Local Pack, the Local Finder, the localized organic results, and on Google Maps. Read: Making Investment Decisions: Factors to consider when investing money Why do We Need to Invest in Local SEO? Attracting customers within one's own market is a major challenge for many business owners. Businesses emerge from their immediate surroundings and then expand over time. Local SEO services are now an important component of comprehensive digital marketing strategies. We'll go over the six reasons why your company needs an effective local SEO strategy. Promoting Business on Social Media Is not enough Social media can reach prospective consumers and boost business exposure. It is risky since you have no control over it. You can customize your profile and write your own postings, but you're utilizing someone else's platform to promote your business, so your destiny is in their hands. Your social media account isn't yours. It is just one of the road if your online success is converting target audience members into paying customers. Highly Specific SEO lets you bring your content, web pages, and more in front of individuals looking for relevant keywords, phrases, and concepts. One of the most significant advantages of local SEO is that because local traffic is so specific, businesses can position their brand more effectively. Local searchers are frequently looking for a particular type of business in their area, and using local SEO services allows businesses to reach that ideal target audience within their region. Read: How to Buy Stocks: 10 Key Factors to Check Timely If you want more people to see your website and company when they search for it online, SEO is what you need. Local SEO searches are also convenient. Queries are frequently made with the intention of visiting a business or purchasing a product that day. This means that utilizing local SEO services allows businesses to connect with high-value, purchase-ready buyers. Mobile Access About 70% of all internet users access the web through their mobile devices. If the vast majority of your clientele uses mobile devices for web browsing, failing to optimize for these users might lose you a great deal of potential business. SEO can also help your business' mobile presence. You'll attract local buyers who are searching for a product or service on their smartphone while on the go, reaching an audience that is already traveling and looking for a specific product or service. Connect with Google My Business Only 44% of businesses have claimed their Google My Business listing. Working with local SEO experts will ensure that your profile is designed to attract qualified local buyers. The process will give you an advantage in the local market and keep your company at the top of the search results for high-value searchers. Read More: Neuromarketing: How brands psychologically manipulate the consumers ROI (Return on Investment) SEO-generated leads have a conversion rate of 14.6%, whereas conventional marketing leads have a conversion rate of only 1.7%. The worth of local SEO is obvious. Local digital strategies, unlike newspaper advertising or radio marketing, are based on tangible, actionable data that can ensure your company achieves a return on investment over time. Local SEO experts can create a strategy for you based on client actions and proven data to achieve effective results. Local Competition Companies are becoming more adept at digital marketing. They are reaching out to local audiences through their website and social media platforms, and your company must respond if it is to remain competitive. Working with qualified SEO experts allows you to implement strategies that strengthen your organization's brand reputation and protect it from changing trends. Getting Started with Local SEO It is critical to understand what your target market types in search engines when looking for your product or service. It can be extremely beneficial to understand how people repeat their terms and phrases. Including such phrases/keywords in the content of your website will result in your page ranking high in the SERPs. Read More: How to Transform Your Freelancing Career into a Scalable Business? There are aspects of SEO that are boosted locally that you need to get right, such as the following: -Create and optimize your presence on Google My Business. -Identifying the best keywords and topics to focus on for your seo campaign. -Improve your website's performance by optimizing the URL, title tags, headers, meta description, and content. -You must ensure that your technical SEO is flawless. -Making sure the material is of the best quality possible. -Gaining Google's attention by attracting quality backlinks to your site. -Improve your visibility in web directories and citations. -Your NAP (Name, Address, Phone Number) information must be consistent across all of the sites that connect to you, so double verify it and start using it. -To be successful, local SEO requires a dedicated strategy. Read More: YouTube Affiliate Marketing: Tips to build a successful channel
When it comes to investing, people usually look for effective strategies to make money. Some investors choose real estate, and mutual funds and others prefer stocks or bonds. Stocks can be a great choice for both short-term and long-term investments. Investing in stocks not only gives you the scope to make money but also makes you the owner of a part of a company. There are a few things to consider when selecting stocks for any company. 10 Essential Criteria to Consider for Selecting Stocks For non-technical common investors, understanding stock market fluctuations is difficult. If you want to buy a stock, you must keep in mind some factors. Here are 10 factors you need to know, according to experts. Company Background Analisis Buying shares in a company means buying partial ownership of that company. So proper review of the qualitative aspects of that company is very important. You will need to check whether the company’s products or services are popular with its customers. Besides, don’t forget to check who is managing the company. Read More: Shares vs Bonds: What is the Ideal Investment Opportunity You can do a Google search or ask people you know about how the company’s managers are—whether they are trustworthy as your partner or not. Also, look for what is the competence, integrity, and innovation of the company’s managing director and other senior officers—their qualifications, training, business success, and more. Price-to-Earnings (P/E) Ratio The price-earnings ratio is a measure of how many times a company’s shares are selling for its earnings. If the earnings per share of a company are Tk5, and the market price of the share is Tk45, then the price-earnings ratio will be 9. This means that if the company distributes all of its earnings as dividends, it will take 9 years to recover the invested money. But if the market price of the share was Tk 100, then the price-earnings ratio or PE ratio would be 20. That is, if the company’s income stream remains unchanged, it will take 20 years to return the investment. The market average P/E ratio is 20-30. The lower the PE ratio, the lower the risk of the investment. Read More: Share Market Investment Guide: How to Invest in Stocks Net Asset Value Per Share Before buying a company’s share, check asset value per share. There should be an adjustment of the market price with this. However, unless the company goes into liquidation, the investor does not really care about the asset value. Only shareholders can get a portion of those assets when the company is bankrupt. In this case, the bank loan and other dues are paid off before the sale price of the asset. After that, anything left over is distributed among the shareholders. Earnings Per Share Check the Earnings Per Share (EPS). However, it depends on the company. The more it is, the better. Higher EPS means higher dividend potential. If the EPS is low, the dividend potential is also low. Read More: Saving vs. Investing Money: Know the Pros and Cons. Capital Utilization Efficiency of The Company A company that can invest more of its capital in more profitable projects is expected to benefit its shareholders. On the other hand, if a company invests a lot of capital in a less profitable project, its profits and share price have less possibility to improve. For example, banks that have invested more capital in mobile banking or digital banking projects over the last 10 years have done much better in terms of profits and share prices than banks that have invested in stock brokerage projects. Balance Sheet Generally, companies whose financial debt is much higher than their total assets (over 60-70%) have a higher risk of losing their shareholders’ capital. So, one should be careful while investing in such companies. Read More: Is Sanchayapatra a Good Investment in 2022? Total Number of Shares Before you buy stocks of any company, check their total number of shares and see how much it floats. According to the demand-supply formula, if the number of shares is low, its price is more likely to increase. On the other hand, if the number of shares is more, it is more readily available in the market. In addition to that, it is better to buy shares that are traded regularly. Because if you need money on an urgent basis for any reason, it is possible to collect money easily by selling shares. But if you invest in shares that are not traded regularly, it is not possible to withdraw the investment on an emergency basis. The Ratio of Authorized Capital to Paid-Up Capital Issuance of bonuses and right shares is quite difficult if these two capital amounts are close. In this case, the company should increase the authorized capital earlier. Investors with a particular inclination towards bonus dividends should take note of these factors. A rule of thumb is that paid-up capital can never exceed authorized capital. Read More: Plot vs Apartment: Which is the Better Investment Option? Dividend Yield The market value of the shares may be higher than the face value in most cases. Hence the dividend rate does not indicate the actual return. The dividend yield is the exact return of shares, which is the percentage of dividends received on the investment based on market value. The dividend yield ratio is obtained by multiplying the declared dividend by 100 and dividing it by the market price of the respective shares. The higher the yield, the higher the investor’s earnings. Track Record Check the company’s last 3-4 years' track record. See how much it pays in dividends. Also, check the annual average price and try to buy shares close to this price. Read More: Is Gold a Good Investment in 2022? Final Words So far, we have shared what to consider before buying stocks or shares. When buying a stock, remember profit must be ensured at the time of buying, not at the time of selling. That is, if you can buy shares at a good price, there will be a good chance of good profit. If you buy a share at a high price, the profit potential will decrease a little. Additionally, it should be remembered that hasty decision decisions are not good in the share market.
If someone thinks of investing their money, it almost universally comes down to two major ways – either through equity or debt. Equity is where an investor becomes a part owner of the invested company or business. Whereas debt is the traditional lending and borrowing process. Here the investor acts as the creditor and the return is the interest plus capital. Interestingly, these two concepts are also what define shares and bonds. So, Shares or bonds, what is the best investment stream? And more importantly, what’s right for you? Let’s find out. What are Shares? A share is a unit of measurement for a stock, which is the actual asset in which you invest. Shares make up the basis of equity investment. Here the investor invests to become a part owner of the company. The size of the owner depends on the number of shares bought. It also depends on the number of shares in circulation by the company. Read More: Apartment Buying Mistakes to Avoid to Secure Your Investment At its core, an investor or shareholder utilizes the high-risk, high-return factor of share investment. For example, if the company consistently performs well, the shareholder will enjoy a consistently high ROI. On the other hand, if a company performs, poorly, it will lead to a loss of investment. Shareholders receive dividends annually based on the profit margin of the company. Depending on the business cycle, this margin can be high or even so low that there might be no dividend at all. If an investor holds a substantial share in a company, they get a place on the board of directors where they can vote to decide the future course of the company. Shares essentially allow an individual investor to take responsibility and the implications are also simple. You share the profit as well as the loss in an equal manner, hence the high risk, high return factor. Read More: Metaverse Real Estate Investment: Buying Land, Apartment, Property in Virtual World Advantages of Shares Compared to Bonds The main advantage of shares is the potential for high returns. Other investment opportunities can hardly provide a similar level of return possibilities. Shares also pay dividends which is another addition to lucrative profit margins. The return on investment will grossly depend on the period of high profit or less. Since the instrument of investment for shares is equity, investors can expect proportional growth or loss on their investments. The same doesn’t hold for bonds. Investors can input their ideas into the future process of a business with share investments. It makes for a more controlled and impactful investment compared to bonds. Read More: Share Market Investment Guide: How to Invest in Stocks in Bangladesh Disadvantages of Shares Compared to Bonds The only disadvantage of shares compared to bonds are the high-risk factor. There is no way to understand how a business will perform given the volatile investment climate. Every share is traded through a central stock exchange commission which may go through a gross fluctuation by the minute. So if you’re risk-averse, chances are that shares aren’t really for you. Read More: Making Investment Decisions: Factors to consider when investing money What are Bonds? You lend your friend a crisp 100-dollar bill and he pays you back 110 dollars the next month. The additional 10 dollars over the capital is the interest on top of the capital. Bonds follow this exact principle of debt instrument. Here the investor, who buys the bond, is the creditor, and the bond seller company or business is the debtor. The investor (bond buyer) and the company (bond seller) essentially draw up a loan agreement. As part of the agreement, the company will pay back the invested sum within a certain date along with a regular fixed interest rate on top of the capital. It's low risk with a low return but provides better security on the invested capital. Read More: Plot vs Apartment: Which is the Better Investment Option? Advantages of Bonds over Shares The only advantage of bonds over shares is the low volatility. Unlike shares, bonds have a fixed return rate on top of the capital. Here, the investor knows upfront how much they will be getting out of the investment at the end of the cycle. Even in case, the company goes bankrupt, the bond investors will get priority compared to the shareholders in returning the dues. As a result, the investments of bondholders are secured in both ways. Disadvantages of Bonds Compared to Shares The main disadvantage of bonds compared to shares are the reduced return and lack of equity. At the cost of security, bonds investor has to forego a substantial ROI generation. The bonds' investors do not get any say in the process and proceedings of the business which is otherwise possible with shares. Read More: Is Sanchayapatra a Good Investment in 2022? Lifecycle of Bonds and Shares Both bonds and shares have their respective lifecycles which are often important for an investor to understand which investment cycle works best for them. A share has typically 4 phases in its lifecycle – accumulation phase, markup phase, distribution phase, and downtrend phase. Each of these phases comes up cyclically where the price stabilizes, goes up, shareholders sell and the price tumbles again. The bond lifecycle is much more simple compared to the shares. Here there’s a primary market where the bond gets issued, a secondary market where the bond gets traded, and finally maturity, where the investors get back their capital. Read More: Is Gold a Good Investment in 2022? The companies can use the resolved bonds at maturity to venture into new refinancing opportunities. Shares vs. Bonds – Which One is the Better Investment Option? Shares and bonds are both great investment options. But the choice of investment depends much on what you want out of your investment. If you want a high return and aren’t worried about the associated risks, go for shares. But if you are more concerned about the security of the investment and returns are your secondary concern, then head over to the bond market. Read More: Saving vs. Investing Money: Know the Pros and Cons Final Words Shares and bonds are both equally popular as investment opportunities. The process of investing through shares usually requires a BO account in a brokerage firm. On the other hand, a bond requires an agreement drawn out through a third party, usually a bank. Both stocks and bonds are protected by strict government financial regulation with the former having its separate regulatory commission. So depending on your preference, both shares and bonds can be an effective way to increase your wealth base.
Expatriate Bangladeshis will get maximum Tk 107.5 per US dollar instead of Tk 108, for remittance from October 1, 2022. Association of Bankers, Bangladesh (ABB) and Bangladesh Foreign Exchange Dealers’ Association (BAFEDA) have set this rate for remittance next month – to stabilize the forex market. Economists are saying controlling the exchange rate would have negative impact on the current inward remittance flow. Read: Bangladesh received over $1 billion remittance in Sep 1-15 Economist and Chairman of PRI, Ahsan H Mansur, told UNB that this is not the right decision to attract more remittance when the kerb market rate is over Tk 114 per dollar. It may encourage sending money through illegal channels, which does not help in resolving the forex crisis, he said. Professor Mustafizur Rahman, distinguished fellow of CPD, also said that controlling exchange rate is not helpful when market demand for forex is expanding. Read:Uniform rate: Tk 108/dollar max for remittance, Tk 99/dollar for export income from tomorrow He said several rates for US dollar will create discrepancies and discourage remittance flow. The illegal sector will be encouraged while exchange rate difference between banks and kerb market will be widened, Prof. Mustafizur said. According to the decision of the meeting held on Monday, remitters will get maximum Tk 107.5 per US dollar. Earlier on September 11, ABB and BAFEDA fixed the maximum price of a dollar at Tk 108 for remittance. Read Explainer: What it means to let taka float The dollar rate of export income monetization will remain at Tk 99 per dollar as before. In the case of payment of import liabilities and inter-bank transactions, price of dollar will be Tk 1 higher than the average price of a dollar bought from expatriate and export earnings. At the end of the meeting, BAFEDA Chairman Afzal Karim told the reporters, “There was supposed to be a price review from time to time to keep the dollar market normal.” “In continuation of this, we have decided the new price. The new price will be effective from October 1,” he said. Read How to safely send remittance to Bangladesh?
Dhaka has a rich history dating back 400 years. According to legend, pre-Mughal Dhaka comprised 52 bazaars and 53 alleys. During this time, the major settlement was located between the rivers Buriganga and Dholai Khal, with its centre around Bangla Bazar. Dhaka developed in the commercial sector under the Mughal, and it spanned the region currently known as old Dhaka. Today the commercial areas have spread and got into a new shape. Let’s take a look at the prime commercial areas in Dhaka city in the twenty-first century. Top 8 Important Commercial Areas in Dhaka City Motijheel The central business district of mega city Dhaka is located here. It stands in the city's center, as the General Post Office is considered the zero point of Dhaka. There are more offices and business institutions in Motijheel than in any other area of the city, making it the main business and commercial centre of Dhaka. The majority of corporate headquarters in the country are located there. The majority of corporate headquarters in the country are located there. This is the neighbourhood that contains the City Center, Bangladesh Bank Building, Agrani Bank Bhaban, WAPDA Bhaban, Janata Bank Bhaban, Sena Kalyan Bhaban, Dhaka Stock Exchange, Ittefaq Bhaban, Rajuk Bhaban, and many other major enterprises. Read Share Market Investment Guide: How to Invest in Stocks in Bangladesh Motijheel is home to some of the most prestigious educational institutions in Bangladesh, including Notre Dame College (NDC) and Ideal school and college. Numerous news, magazine, print, and other media companies have their headquarters here. Dhaka Railway Station is not far from Motijheel. The focal point where all of the main access roads to the area meet is Shapla Square's famous landmark. BDT 60 to 100 per square foot will be a price range for commercial office premises. However, the price may vary depending on specific locations and structure types. Gulshan Businesses demand modern office space, technology, proper parking, security, emergency preparedness, and safety. Gulshan can offer all of these facilities, beyond its residential zones. In recent years, Gulshan has emerged as one of the prime business districts of Dhaka. Many significant corporations in Bangladesh have headquarters in Gulshan. Read Best Instagrammable Rooftop Restaurants at Gulshan in Dhaka
Affiliate marketing is one of the most lucrative internet-based passive income methods. Despite the fact that the niche-website marketing has become more competitive, affiliate marketing on YouTube is still enormously accessible and successful. YouTube affiliate marketing is considerably simpler to launch than alternatives such as e-commerce sites. Stay with us to know how to earn from affiliate marketing through a YouTube channel. What is Affiliate Marketing? Affiliate marketing involves advertising the goods of others in exchange for a commission on each transaction. You've undoubtedly seen "affiliate link" or "sponsored post" titles on many of the websites you frequent, or maybe you've already joined up with an affiliate network. If you are unfamiliar with affiliate marketing, let's discuss how it works. Find an affiliate program or network that interests you first. Examine the overview of the program, including the types of items or services, payment methods, and commissions offered. Read How to Increase YouTube subscribers for free in 2022? Sign up and publish or upload contents by adding the program's provided custom links. When one of your subscribers makes a purchase via these links, you will get a small commission. You don't need to own a realife business to do affiliate marketing. Unlike the physical business, you don't have to deal with product manufacturing, storage, or transportation. All you need is a website or social media channel to publish contents and earn commisions. That is why it is called a passive income source. You may work with individual businesses or affiliate networks, where you register and choose programs of interest. Generally, the programs are grouped into categories to facilitate choosing. Once accepted, begin promoting or reviewing your selected products along with affiliate links on your website, in newsletters, on social media, and everywhere else you are authorized to distribute links. Read Best YouTube Channels to Learn English Once your earned commsions have achieved the minimum payment (threshold) level, the network will send you a payment. Typical payment options include PayPal, wire transfers, and cheques. What is YouTube Affiliate Marketing? People utilize YouTube to increase brand awareness, create revenue, and expand their business. Besides, YouTube can play a significant role in the affiliate marketing plan for a website or organisation. Affiliate marketing that leverages YouTube as its main platform for content production and distribution is known as YouTube Affiliate Marketing. Affiliates generate videos for their affiliate channel using YouTube marketing, often in the form of physical product evaluations or unboxing videos. They then continue to provide links to the items in the video's description. If the affiliate marketing strategy is effective in generating affiliate traffic that purchases the offered product, then affiliate money is generated via the affiliate purchase links. Read How To Be A Popular Instagram Influencer As an affiliate marketer, you have the potential to earn a respectable amount of money by creating YouTube videos that people want to watch. Before jumping into the realm of YouTube affiliate marketing, there are a few things to bear in mind, since some portray it as a get-rich-quick scam. This undertaking will need a certain amount of dedication and productivity. It takes time to generate traffic that generates profits. The duration between starting and making revenue is contingent on a number of things. Consider the success of the products you're promoting, the quantity of your uploads, promotions through other social media platforms, and interactivity. Before you earn your first revenue from a click on an affiliate link, it might take anywhere from four to twelve months. Additionally, you must undertake exhaustive research on the products or services you want to advertise. If the firm you're referencing has a poor reputation or a sudden issue with quality management, your own reputation is at risk. Before generating the content, it is thus essential to undertake considerable research on the businesses from whom you will get commissions. Read Tips and Tricks to Increase YouTube Subscribers organically Ways to make a profitable channel for YouTube affiliate marketing Choose a Profitable Niche Do proper research to choose the perfect niche for your YouTube channel. The niche can be regarding technology, lifestyle, business or any other category. But you must have interest, knowledge and skill regarding the niche to generate innovative ideas and unique contents. The other things needed to be considered include target audience, affiliation product types, affiliate commission rate. You can do both online and offline research to choose the best niche for your YouTube Channel. Steady Video Creation Many individuals, particularly vloggers, don't really worry about the steadiness of the video when they record it; it may be rather enjoyable to move about with your camera. However, certain movies may need a steady image. Read Best Educational YouTube Channels for Children You may connect your camera to a tripod and shoot a stable video while on the go. Be careful to connect your camera firmly. Video equipment may be costly and fragile; therefore you don't want your camera to fall off the tripod. Arrange a Small Studio This area of your house, or wherever you record movies, will serve as your mini-studio. Here, you may set up and store all the technical equipment required to produce movies of constant quality. To choose the perfect location for shooting, examine several locations and perspectives using your camera. Oftentimes, it suffices to clean up the backdrop for it to operate! Read What Is Passive Income? Pros and Cons of Passive Earning Research Affiliate Providing Companies Different companies and online shops offer affiliate programs for marketers. However, most companies in Bangladesh don’t yet have a solid structure for their affiliate programs. That’s why you should research and list out the most reliable companies. Put Your Affiliate Link in the Proper Place The most crucial aspect of affiliate marketing is posting your affiliate link in a prominent, clickable location. The video description comes first. Make sure it's above the description's cut-off line, so it's easily visible and visitors can see it without having to click. Always tell visitors to click the link since they will not know where to look if they do not. Ensure Channel SEO You may optimize your content for YouTube inquiries using keywords just like any other search engine. Use the YouTube and Google search engines' recommended phrases to uncover more particular areas of your specialty that people are interested in. The free Google Keyword Planner tool is also handy and offers a little more than simply search ideas. Read Ways of Affiliate Marketing while Staying in Bangladesh In YouTube, you have a restricted number of characters for optimization: video title, video description, and tags. Because you don't have much content for SEO, concentrate on one keyword to increase your chances of being found in search results. Conclusion You can run a robust YouTube affiliate marketing channel and generate good commissions on a regular basis through outstanding content, inventive ideas, and successful campaigns. Though affiliate marketing on youtube requires zero to minimum investment, when done right the revenue may be simply fantastic. Read Monetizing Your Blog: How to Make Money from Blogging
Investing in the stock market or share market is one of the most popular ways to increase wealth in the modern age. However, investing in the stock market can be difficult, especially if you are a new investor. So, if you are a beginner, the best way you can start is by gaining experience. The share market is a volatile and risky investment, so do your research before making any decisions. Here is what you need to know about investing in the stock market in Bangladesh. Types of Stock Market There are two types of markets in which you can invest - primary and secondary. Let’s take a look at the investment process in both these markets. Primary Market The primary stock market refers to the main market where companies sell their shares to the public. The main goals of the primary stock market are to provide a means for investors to buy public shares and to provide information about company performance. If you want to invest in the primary market, you have to invest in an IPO (Initial Public Offering). Read Accelerating Asia Invests in Three Bangladeshi Startups It is the process through which a private company offers its shares to the public for the first time and becomes a public company. Through the IPO, the company involved provides its name on the stock market as an Initial Public Offering. A company owned by shareholders lets you know the basics of ownership and sells you some part of the company. Secondary Market The secondary stock market refers to a market where stocks that have been sold by their original owners are traded between investors. The secondary market is important because it allows small investors to buy and sell shares of companies that they may not be able to get access to through the primary market. To invest in the secondary market, you will need a BO (Beneficiary Owner’s) account. Opening a BO Account To invest in the stock market in Bangladesh, you need to open a BO account in a broker house. A BO account is like a bank account, but you can open it at a broker’s house. You can deposit and withdraw money in your BO account just like a bank account. Read How to Transform Your Freelancing Career into a Scalable Business? However, there is no need to keep the minimum deposit. You will then decide whether you want to invest in the primary market (IPO) or the secondary market (buy/sell shares). Nowadays, it is easy to open a BO account, deposit money, and buy and sell shares online using different broker’s websites. To open a BO account, you will need to go through some steps. A person can open two BO accounts in one name. One is an individual account; the other is a joint account. Bangladeshi applicants must have an account with any bank in Bangladesh. Nonresident applicants must have an FC or NRB account in Bangladesh. Read Making Investment Decisions: Factors to consider when investing money Upon choosing a brokerage house, you can open a BO account online using the broker’s website or the ways they provide to you. Fill out the form properly. Essential documents/information you will need are a photo of the applicant, a copy of the National Identity Card (NID) of the applicant, joint applicant and nominee (scan/photo), nominee’s picture, copy of the bank check (scan/photo) and picture of the second applicant in case of the joint account. Depending on the broker, you will need to pay Tk. 500- Tk. 2000 while opening a BO account. According to the new rules, to apply for an IPO, an investor must have a minimum mature share of Tk. 20,000 in his BO account number. Shares will be allotted proportionally instead of the IPO lottery. In that case, an investor can deposit Tk. 10,000 for a share. Read B’Yeah: Shaping up the Youth Entrepreneurship Prospects in Bangladesh How to Buy and Sell Stocks in Bangladesh? You can buy and sell stocks by showing up in person at the brokerage office, calling the broker, or initiating a trade via the DSE mobile app. Brokerage houses typically charge a commission anywhere between .25% and .50 % for each transaction. So, if you buy Tk. 1000 stock, the brokerage will charge you Tk. 2.5 if the rate is .25%. However, if you want to trade via DSE mobile app, you will have to register via the brokerage house. Despite being required monthly paid subscription the app has waved the fees due to the Covid 19 last year. What Beginners Should Consider before Investing in Share Market If you are interested in starting investing but don’t know where to start, these five tips can help. Know Your Goals Before you invest in the stock market, you will need to know your goals. What are you hoping to achieve by investing in the stock market? Do you want to make money? Are you looking to make some investments to fund your retirement? Or do you just want to learn about the stock market? Read Neuromarketing: How brands psychologically manipulate the consumers Understand How the Stock Market Works You will need to understand how the stock market works before you invest. You will need to understand what the stock market is, what it does, and what it isn’t. You will also need to understand how it affects the economy and what are the risk factors. Learn How to Invest Once you know how the stock market works, you can start learning how to invest. There are lots of different strategies to invest in the stock market, and it can be a bit confusing. You will want to learn about the different types of investments you can make and what they do. Read Simon Sinek’s Golden Circle: Concept, Significance, Practice, Examples Start Small You will want to start small when you invest in the stock market. Start with a small amount of money, and keep your investments low. You can always increase your investment later on. Be Patient You will need to be patient when you invest in the stock market. It can take a while for your investments to grow, and it can be frustrating if they don’t. You will need to stay patient and be willing to wait for your investments to grow. Final Words Investing in the stock market can be a lucrative venture, but it is important to do your research and have a plan in place. Before investing in stocks, you should know the associated risks. Moreover, you should think ahead and stay prepared for potential stock market crashes. In this article, we have discussed a guideline for beginners to invest in the share market of Bangladesh. Hope it helps! Read How to Choose the Right Business Idea?
It is not easy to find an investor or funding for a startup in the early stage. But there are few companies that offer investment for the startup in their early stages. And, Accelerating Asia, a Singapore-based startup accelerator and early-stage venture capital firm, is one of such companies that support startups through funding and investments. Recently, the company has invested in 13 firms. Among the 13 companies, nine of them are new startups, and four of them already have an existing portfolio. Three Bangladeshi startups, Shuttle, Markopolo, and MedEasy, received funds from Accelerating Asia as part of its cohort six. While Markopolo and MedEasy got the funding from Accelerating Asia, the Shuttle received follow on funding. Read Making Investment Decisions: Factors to consider when investing money Accelerating Asia Founded in 2018, Accelerating Asia is a startup engagement platform that links investors, partners, and clients. They aim to facilitate high-performing partnerships with high-potential founders. Help put promising, motivated founders on the path to success on a global scale. Acceleration Asia provides to aid startups in achieving their goals as part of the open tech ecosystem. Hence, it enables individuals across numerous sectors and industries to benefit from funding sources, resources, and opportunities. Singapore's Monetary Authority regulates Accelerating Asia's early-stage venture capital fund. Around $250,000 is invested by Accelerating Asia into startups from 10 countries and 20 industries. Further, its award-winning flagship accelerator program keeps track of the pre-Series A startups while taking an equity stake in the invested companies. Read B’Yeah: Shaping up the Youth Entrepreneurship Prospects in Bangladesh They also engage with the governments, MNCs, and universities to operate and design startup engagement programs. Currently, they have invested in 46 companies so far, and 36 of them are lead investments. They have made one diversity investment to Web2ship.com. Accelerate Asia has one exit; they have exited from MyBrand. Their investors include angel investors, Family Offices, HNWIs, venture capital firms, and large enterprises, including corporations and international development organizations. So far, Accelerate Asia startups have raised around $36 million from different external investors, which include family offices, angels, and VCs. Also Read: How to Transform Your Freelancing Career into a Scalable Business The majority of the startups joined in Accelerating Asia have closed at least one funding round. Startups have raised investment from angels in the Accelerating Asia network, Limited Partners, and institutional investors. Most portfolio members have closed at least one funding round since joining Accelerate Asia. Startups have raised financing from angels through the Accelerating Asia network and Limited Partners. Their Fund I portfolio companies are growing exponentially at 800% annually. Moreover, the broad vertical across the B2B, B2C, and B2G provide a diversified portfolio. Now they have introduced $20 million Fund II with ~50% initial commitments from existing investors and limited partners. Read Neuromarketing: How brands psychologically manipulate the consumers Now let's take a look at the three Bangladeshi companies that got funding from Accelerate Asia. Shuttle Started in 2018, Shuttle is a transport startup by Reyasat Chowdhury, Jawwad Jahangir, and Shah Sufian. Shuttle aims to redesign public transport in developing countries such as Bangladesh. They are doing for buses what Uber did for taxis. It is a B2B and B2C mass-transit company that transports passengers with minimal transportation hindrances. The Shuttle operates largely fixed routes with set pick-up locations and regular service times, making it simple for people to plan transportation. Shuttle uses data to predict demand and strategically design optimal routes to minimize inconveniences. Read Simon Sinek’s Golden Circle: Concept, Significance, Practice, Examples Shuttle initiated its work in Bangladesh by targeting the women's everyday transportation issue in overpopulated Dhaka. Since the city does not sustain a quiet mass-transport system for women, Jawwad and Reyasat had seen it fit to build something to provide a solution. The duo incorporated the idea of enhancing the town's transportation network with the purpose of advancing the women. Previously, Shuttle raised $750,000 through Accelerate Asia in Cohort 3. Now they received a follow-on funding from Accelerate Asia. However, the funding amount is not published yet. Markopolo Founded in 2021, Markopolo is a digital marketing agency that offers data-driven and tailored digital marketing services to online businesses and content creators. They provide data-driven advertising tools for 50million+ microbusinesses and creators. Read Work from Home Business Ideas for Moms, Housewives in Bangladesh The platform allows them to launch their targeted ads in just moments, with no experience or knowledge of Google Ads, Facebook Ads, or even without hiring an expensive firm. With Markopolo, creators and business owners can get up and run ads in minutes without utilizing hours learning Google Ads or Facebook Ads. Markopolo's marketing and advertising tool allow all types of entrepreneurs to plug in their creativity and funds and let their campaigns run using the best tactics from Google, Instagram, and Facebook. Currently, the company provides its service using more than 20 employees, and they are growing slowly. However, Markopolo's growth is going to be increased as they have got funding from Accelerate Asia in May 2022. The amount of funding is not published yet. Read How to Choose the Right Business Idea? MedEasy MedEasy is an online pharmacy that strives to make the lives of 30 million chronic patients in Bangladesh easier and requires extensive access to pharmacies. They offer doctor's consultations via video call and deliver medicines to patients' doorstep. So far, the company has completed more than 2 million medicine orders among the 70,000+ total users and seen 16 times more revenue in 2021. Now their growth may increase in the next few years as they have got funding from Accelerate Asia. Although the exact amount of funding is not known yet, it is expected the fund will help them grow. Final Words Bangladesh sees an uptick in investment in startups, with accelerators and funding groups pouring money into early-stage companies. With a vibrant startup ecosystem and strong entrepreneurial spirit, the country is well on its way to becoming a regional powerhouse in feasible startups. Read How to Open a Preschool in Bangladesh? Since its inception, Accelerating Asia has been helping Bangladeshi startups to boost their growth. The organization's resources and knowledge are invaluable to entrepreneurs looking to scale up their businesses.
In this day and age, freelancing has become a popular option for many who are looking to earn money on the side. When it comes to freelancing, there's a lot of advice floating around out there. But, how many of these tips are true? Is it possible to turn your freelancing business into a scalable business? The short answer is YES! But that requires a little bit of work. Freelance can be an intense business as it does rely on how you manage your time effectively. If you are wondering how to turn freelancing into a scalable business, then keep reading. Why is it necessary to transform your freelancing skill into a business? Starting a freelancing business brings in a lot of benefits over your traditional job. It gives you the flexibility to work whenever and wherever you want. Freelance allows you the freedom to start your own business with very little initial capital required. And, if you are planning on making it into a scalable business, then having full control over your work is one of the biggest advantages that come with it as well. By transforming your freelancing skills, you can maximize your income potential and diversify the skills you have to offer. You can also gain the benefits of running your own business, including tax advantages and control over the office space, schedule, and overhead costs. It will also give you the opportunity to take advantage of employee benefits such as health insurance and paid time off. Eventually, with the business, you can go for greater client satisfaction through continuity in service. Read How to Become an Entrepreneur without Money or Skills? How to turn your freelancing job into a scalable business? The freelancing industry is a booming one, and that's not even an understatement. According to the latest statistics, it was estimated that there are around 1.1 billion freelance workers in the world. Most freelancers don't want to transform their skills into a business as they think they might have to go through some sort of hassle. Although any business has hassle, you can transform your freelance work into a business, and you can hire other freelancers to work for you. Here are the ways to start a scalable business with your freelancing skills. Market yourself well - Build up your own personal brand When it comes to transitioning your work from a freelancer to a business owner, one of the most important things to think about is your own personal brand. In fact, when hiring people for your business, you should be looking for someone who is willing to build up their own personal brand too. Read Making Investment Decisions: Factors to consider when investing money The reason you should focus on building up your personal brand alongside your freelance work is that it will help you differentiate yourself from other freelancers. Most new freelancers feel that their work is their brand and it is up to them to create value and make contacts, but this isn't the case. In order to create a personal brand, you must first learn how to build good relationships with other people. The best way to do this is by being active on social media, writing a blog, and working on your online portfolio. You should be looking to get as much experience as possible so that you can showcase it in your portfolio. Try to show off your expertise and work on building your personal profile by making sure you are the one who is networking and meeting new contacts. Read Entrepreneur Vs Wantrepreneur: 8 Ways to Tell Them Apart By creating your own personal brand, you can use trustworthy clients who will work with your newly formed business. Build up a marketing system and stick to it One of the easiest things you can do as a freelancer is to stick to one marketing system. This allows you to build your client list, market yourself and start generating work. Eventually, you can drive clients to your business. Just like basically anything else, if you want to get the most out of your marketing system, you need to be consistent and make sure that you are sticking with it. Read Neuromarketing: How brands psychologically manipulate the consumers A marketing system should consist of a minimum of three core components. It should include setting up social media accounts and spending time on them. You must also choose an email marketing platform. Lastly, there must be a proper use of an effective blog and a strong work email list. Networking One of the most important things you will ever do as a freelancer is to build your own network. This not only helps you get new clients, but it also helps you grow your business and provide value to existing clients. When building up your network, the best way to do this is by going out of your way to meet new people and build up relationships. Social events are a great way to network. You can meet new people and introduce yourself to others who are at the event. You can also make valuable connections with people who work in your industry. Read How to Choose the Right Business Idea? Save up enough money When building up your business with your freelancing skills, the biggest thing you need to do is save up enough money so that it is sustainable. This will allow you to expand with ease rather than having to worry about paying bills every month. So, before freelancers get started on their business, they should build up a large enough savings account. This way, they can ensure that their business is sustainable in the long run. If you don't have saved up enough money, then you might not be able to scale. Conclusion Building your own business is one of the most common dreams that many people have. But it's important to note that it isn't easy, and there will be times when it doesn't work out. So, you will need to set up a proper system for managing your tasks. This will not only help you manage your time well but also keep your work organized. Setting up a task management system will also help you keep your business running. Read How Does Inflation Affect Business, Professionals, Mass People in Bangladesh?