Here are the two best methods for paying off your credit cards.
1. Highest interest rate first. Paying off the credit card with highest interest rate will save you money in the long run, especially if the highest interest rate credit card also happens to be the card with the highest balance. When the highest interest rate card also has the highest balance, it will take the longest to pay off. It's easy to lose motivation paying off your debt when it takes too long. That's why the "lowest balance first" method might be a better choice.
2. Lowest balance first. There are immediate tangible benefits to paying off the credit card with the lowest balance first. The first balances are easier and quicker to pay off. When you finally pay off a bill, the feeling of accomplishment is motivation to keep you going.
Pick the method you're going to use to pay off your credit cards. Then write your debts down in the order you're going to pay them - either from highest interest rate to lowest interest rate OR from lowest balance to highest balance. Write down the interest rate, balance, minimum payment. Then, allocate your entire net income (income - expenses) to paying off the credit card on the top of the list. You'll send the minimum payment to all your other credit cards.
Once you've completely repaid the first credit card, cross it off the list and focus on the next card on the list. As before, pay your entire net income to that card. Keep doing this process until all the cards have been paid off.
The most important part is that you need to budget your money carefully. You can opt for a Free budget software or a personal budget calculator.
Thursday, May 14, 2009
Top 5 modern Lead generation tools
Relationship marketing
Relationship marketing is the approach underlying all of the "sales-lead-generation-success" methods. Sales lead generation using this method simply refers to cultivating a personal, sales-winning relationship with your prospects. Keeping in touch with prospects via a series of ongoing communications and offers throughout your prospective customers' consideration processes lets you pick up sales others leave on the table.
Complementary partner referrals
By joining forces with complementary partners, you can instantly multiply your sales lead generation pool and make it easier for companies to engage in doing business with you. Of all the sales lead generation programs, complementary partner referral programs generate the highest quality B2B sales leads.
Internet marketing and search engine optimization
Business buyers are more sophisticated and getting harder to reach than ever. Studies show that about 90% of business buyers start with research on the Internet. Therefore, it's critical to have a well-tuned sales lead generation program that includes Search Engine Optimization (SEO)/Internet marketing strategies to attract prospects at the beginning of their buying cycle.
Telemarketing
Even though many people despise the thought of telemarketing, it is very effective for sales lead generation when executed properly. Telemarketing is a personal marketing and sales lead generation technique that offers a cost-effective, efficient alternative to field selling, but it can be significantly more expensive than direct mail email. By including telemarketing in your B2B sales lead generation marketing plan, you can reach up to thirty decision-makers a day at a cost of $15 to $20 per contact. In contrast, with field sales, you can reach only four or five decision-makers a day at an average cost of $392 or more per contact. Direct mail may cost as little as a dollar, and email is often much less. However, if you consistently prospect for and nurture leads via phone, you will consistently generate qualified sales leads.
Email publications
By creating your own email newsletter, you could send out industry news and tips to suspects in your market. Since you will be on your prospects' minds more often than your competition, eventually, your sales leads will turn into actual sales.
Relationship marketing is the approach underlying all of the "sales-lead-generation-success" methods. Sales lead generation using this method simply refers to cultivating a personal, sales-winning relationship with your prospects. Keeping in touch with prospects via a series of ongoing communications and offers throughout your prospective customers' consideration processes lets you pick up sales others leave on the table.
Complementary partner referrals
By joining forces with complementary partners, you can instantly multiply your sales lead generation pool and make it easier for companies to engage in doing business with you. Of all the sales lead generation programs, complementary partner referral programs generate the highest quality B2B sales leads.
Internet marketing and search engine optimization
Business buyers are more sophisticated and getting harder to reach than ever. Studies show that about 90% of business buyers start with research on the Internet. Therefore, it's critical to have a well-tuned sales lead generation program that includes Search Engine Optimization (SEO)/Internet marketing strategies to attract prospects at the beginning of their buying cycle.
Telemarketing
Even though many people despise the thought of telemarketing, it is very effective for sales lead generation when executed properly. Telemarketing is a personal marketing and sales lead generation technique that offers a cost-effective, efficient alternative to field selling, but it can be significantly more expensive than direct mail email. By including telemarketing in your B2B sales lead generation marketing plan, you can reach up to thirty decision-makers a day at a cost of $15 to $20 per contact. In contrast, with field sales, you can reach only four or five decision-makers a day at an average cost of $392 or more per contact. Direct mail may cost as little as a dollar, and email is often much less. However, if you consistently prospect for and nurture leads via phone, you will consistently generate qualified sales leads.
Email publications
By creating your own email newsletter, you could send out industry news and tips to suspects in your market. Since you will be on your prospects' minds more often than your competition, eventually, your sales leads will turn into actual sales.
Friday, May 8, 2009
eDiscovery the need of the hour
Wake-up call regarding digital data is one that we have been hearing for at least a decade. But its increasing relevance to litigation and electronic discovery is something new for any organization’s general counsel. With the significant changes to the Federal Rules of Civil Procedure (FRCP) that went into effect December 2006 and subsequent change to the Federal Rules of Evidence (FRE), taking control of e-Discovery has become a truly urgent concern. These changes have dramatically impacted the way all companies manage legal discovery and the enormous volume of digital data it encompasses.
E-Discovery solutions is all about managing electronically stored information (ESI). Managing ESI is an enterprise-wide activity that requires uniform records management policies and the technology infrastructure to automate and enforce them. There were plenty of compelling reasons to develop these policies and infrastructure before the FRCP changes. But now it is imperative because the cost and risk to your company of failure to do so is enormous.
e-Discovery management enables corporations to apply the principles of process efficiency to every stage of discovery— making it a repeatable business process. A repeatable business process is reasonable and defensible, which is exactly what companies need to be compliant with FRCP guidelines. Beyond FRCP compliance, e-Discovery management also reduces the costs of e-Discovery, minimizes its disruptive impact to an organization’s core business, boosts responsiveness, and reduces the risk of inadvertent production.
E-Discovery solutions is all about managing electronically stored information (ESI). Managing ESI is an enterprise-wide activity that requires uniform records management policies and the technology infrastructure to automate and enforce them. There were plenty of compelling reasons to develop these policies and infrastructure before the FRCP changes. But now it is imperative because the cost and risk to your company of failure to do so is enormous.
e-Discovery management enables corporations to apply the principles of process efficiency to every stage of discovery— making it a repeatable business process. A repeatable business process is reasonable and defensible, which is exactly what companies need to be compliant with FRCP guidelines. Beyond FRCP compliance, e-Discovery management also reduces the costs of e-Discovery, minimizes its disruptive impact to an organization’s core business, boosts responsiveness, and reduces the risk of inadvertent production.
Localizing marketing campaign materials
Mass marketing today is replaced by mass personalization. With globalization, marketing gurus have realized the need for localization especially of marketing materials. Marketing campaigns are today brought down to the neighborhood, and are personalized to the customer taste.
Consider this, in the US alone, over 100 languages are spoken. Spanish is by far the most common language amongst non-native English speakers in the US. Of these 100 languages, there are 11 languages that correspond to populations greater that 500,000 people in the US. Communicating with the US Hispanic market in Spanish is not a courtesy; much of the Spanish speaking population in the US is not fluent in English. In fact, almost 50% of this population identifies itself as having limited English skills. This means that nearly 14 million people may not fully understand a marketed message if it is not also provided in Spanish.
According to a recently published Common Sense Advisory survey, nearly three out of four participants surveyed agreed that they were more likely to buy if the marketing materials are in their own language. Global consumers also indicated that they are willing to pay more for products with information in their own language. Nearly three out of four participants surveyed agreed they are more likely to buy products if after sale support is in their own language.
So localization of marketing campaigns cannot be dismissed. Translation or localization of marketing materials is not required by law, but rather demanded by the reseller of a product or service.
Planning a multilingual project can challenge even the most experienced companies. Finding qualified subject matter linguists, available engineers to deal with potential internationalization and localization issues, and the right talent to publish multilingual content are all crucial to the success of a localization project. You can also try machine language software or use language translation software.
Consider this, in the US alone, over 100 languages are spoken. Spanish is by far the most common language amongst non-native English speakers in the US. Of these 100 languages, there are 11 languages that correspond to populations greater that 500,000 people in the US. Communicating with the US Hispanic market in Spanish is not a courtesy; much of the Spanish speaking population in the US is not fluent in English. In fact, almost 50% of this population identifies itself as having limited English skills. This means that nearly 14 million people may not fully understand a marketed message if it is not also provided in Spanish.
According to a recently published Common Sense Advisory survey, nearly three out of four participants surveyed agreed that they were more likely to buy if the marketing materials are in their own language. Global consumers also indicated that they are willing to pay more for products with information in their own language. Nearly three out of four participants surveyed agreed they are more likely to buy products if after sale support is in their own language.
So localization of marketing campaigns cannot be dismissed. Translation or localization of marketing materials is not required by law, but rather demanded by the reseller of a product or service.
Planning a multilingual project can challenge even the most experienced companies. Finding qualified subject matter linguists, available engineers to deal with potential internationalization and localization issues, and the right talent to publish multilingual content are all crucial to the success of a localization project. You can also try machine language software or use language translation software.
Mobile Clinical assistants in the healthcare sector
Mobile clinical assistants are Tablet PCs/Mac tablet specifically designed for the healthcare sector. It’s a lightweight, portable slate Macintosh tablet/tablet that can be carried around the hospital by the doctors/ nurses. can be combined with software to enable bedside note taking, patient record retrieval, accurate treatment administration and faster response times.
The MCA is intended to replace more than the patient clip board. Just some of the applications for the MCA include:
Clinical Documentation
Practice Management
Electronic Health Records
Patient Education
The adoption of these devices has been gradual due to the fact that this is a massive shift for healthcare. Healthcare practices usually have long standing and well functioning paper based systems, and it takes time to develop a digital solution to supplement or replace these.
Now that there are a number of hardware options available, there are 3 key elements needed to enable the widespread adoption of the MCA:
Software to enable the shift
Staff training and adoption
Good hardware support
Much of this is already available. There are numerous software solutions across a wide range of healthcare specialties. We have to wait and watch.
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