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How to Find the Best Broker in India?

Stock Market

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February 1, 2023

The stock market has been gaining immense popularity in recent days and for good reasons. If you can place your bets right and understand the market well, you will surely make a lot of profit. However, things are not as easy as it sounds in such a volatile market.

So the first step would be to get some professional advice and guidance, and the best person to help you with that is a broker. This is one of the first and most important steps you have to take while investing in the stock market.

Neither can you make profits without expert advice, nor can you make trades without a stockbroker in India. Stockbrokers are known for their help with demat and trading accounts and an essential addition to building your portfolio. That said, finding the right stockbroker for your specific market habits is not simple.

One quick search on the internet will present you will hundreds of options, which can easily overwhelm you. If you are new to this industry and want to start your journey, this article is a perfect read. Here you will learn some tips that can help you find the best stock broker in the country.

best broker india

How to Find the Best Broker in India?

#1 Background And Reputation In The Industry

The first and foremost thing you should pay attention to is what other portfolios the broker has worked on and how well-reputed they are in the market. Making a note of their prior experience in the industry and what their clients have to say about it is important.

The easiest way to do this is by reading reviews, or any complaints you might find online. You can also conduct a survey of the personal experience each of their past and the present client has. If you are using a mobile app to make your investments, it is best if you check its rating on the app store.

More so, you can check their total number of active users and stable usage. The bigger and better a stockbroker is, the more stable number of clients they will have.

#2 Brokerage And Other Charges

It is common knowledge that the broker you choose will take a cut percentage of every profit you make. This is why it is very important that you understand their charge schedule to ensure you do not get a surprise at the end of the day. There are mainly two kinds of stockbrokers you can find in India, namely, full-service and discount brokers.

While a full-service broker will offer advisory services along with several other premium facilities, a discount broker will only offer trading facilities. This is also why the former has a much higher cut percentage on every trade their client executes, while the latter charges only a flat fee.

If you want research reports, stock research advisory, and other facilities customized specifically for you, a full-time broker is best for you. However, if you are trading or investing on your own and want to pay the least brokerage, a discount broker works fine.

#3 Customer Service

Lastly, customer service is of prime importance. Unless you have an existing mentor, you will always require some support, especially if you are new to the industry. One might argue that online platforms have made investment easy and offer several resources. However, there are several instances in which you might require technical support.

This is when having someone helping your unique case can come in handy. While checking reviews is a great way of determining a particular broker’s customer support, it can also mislead you. The best way to understand the kind of service they offer is to directly call their helpline number.

If you see the customer executive taking forever to pick up your call, it is best to avoid them, since they might do the same when you are in actual need. Go for someone who can offer you one-on-one customized support. This will ensure that you get personalized support whenever you have stuck anywhere.

With these three points in mind, you will find a stockbroker who suits your needs aptly in no time. However, remember that your first broker does not necessarily have to be your stockbroker for life. You can switch between stockbrokers if you do not like the service at any time you like.

More so, you can now transfer all your existing shares to the new broker as well. However, this is not always recommended since it wastes valuable time and can come with some hassles. This is why take able time before you finalize a decision.

If required, take a few days, research every available option on the internet, read the reviews and understand what you need. Knowing what kind of trading you are interested in or what you are expecting out of it can help you make the most of your endeavor.

3 Ways to Generate More Money in Sales

Skills & Productivity

Shitanshu Kapadia

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January 31, 2023

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Sales is one of the most important skills required for any business. You can not survive in the business for the long term if you don’t have sales skills. Everyone knows that it takes time to develop sales skills.

If you are a sales professional or in business and wanted to generate more money in sales this post is important for you.

Today in this post, I am gonna teach you three powerful ways that will affect you, how much you earn, how much you bring home, and how much income you generate as a salesperson, and as a sales professional.

sales

3 Ways to Generate more money in Sales

#1 Transaction Size in Sales

The very first way is ticket size or transaction size. Think about this, if you’re selling something for INR 100, you need to make a lot of sales to earn a six-figure or even seven-figure income as a closer.

But if you are selling high tickets for 10000 even 25000 or 1 Lakh you don’t need to make a lot of those sales to make a very, very good income.

You see, to become a highly-paid sales professional, you need to consider what you are selling. What is the ticket size?

Let’s say you’re getting paid based on commission, let’s say you’re commission is 10%. If you’re selling something for INR 1000 and you make a 10% commission, you’re making INR 100.

You need to talk to a lot of prospects to make any kind of significant income. Yet, if you’re selling something for INR 100000, and you’re making 10% commission, you’re making INR 10000, a sale. You just make a couple of sales a week, you’ll make 80000, 1 Lakh, 2 Lakh per month.

3 Proven Steps to Create the Best Ad or Sales Copy

#2 Lead Flow in Sales

Now as a salesperson, I don’t care how amazing you are as a closer, or how high your closing ratio is if you’re not talking to enough prospects.

Guess what, you’re not gonna get paid, right? The consistency and quality of the leads are extremely critical to how much money you earn.

So lead flow. I want you to think about in terms of sales, there are two types of salespeople. You have first, what I call prospectors. They go out there, and they do outbound, they do cold calling, and they are doing prospecting.

Maybe in some cases, they are the appointment setters. Those types of sales professionals will never make a lot of money because that’s not where the money is.

And then you have, what I call, the closer. They are the ones who go in, and they close the deal. They are the ones who go in and make it happen. They are the rainmakers. The closers, within the sales world, are the ones who make the most amount of money, because guess what, you don’t make money prospecting.

You don’t make money because you get a lead. You make money when you close a sale.

#3 Closing Ratio

Now when it comes to the closing ratio, it depends on what you do. A lot of people, talk about sales, oh sales is a numbers game.

You gotta talk to a lot of people. Smile and dial man, you talk to 100, 200 people. You get enough no’s, you’ll get some yes.

You know what, that’s the old model. That model sucks. Even if it works, it is draining, it is exhausting. Why do you wanna do it that way?

So instead of closing one out of 100, you have to understand as a sales professional, as a closer, your most valuable asset is your time,and your time is limited.

You only have 24 hours a day, and you’re not on the phone 24 hours a day.

If you and I are honest, right? You’re lucky if you’re on the phone eight hours a day, even 10 hours a day. Let’s say you work hard. You are exhausted by the end of the day. So if you’re selling the high ticket, right?

And you are selling something that’s at a premium price, you don’t need a lot of transactions. You don’t need to make a lot of sales to make a very high income.

So I want you to think about this piece, closing ratio. Instead of closing one out of 100, what if you could close one out of 10? What if you could close one out of eight? What if you could close one out of five?

Do you see how that would affect how much you earn as a salesperson?

So those three ways, if in terms of closing ratio, instead of doing the prospecting, you’re closing for the company. You’re closing for an entrepreneur. You’re closing for a product and service that nobody wants, or you’re talking to leads and prospects that are not properly qualified.

Let me give you a model.

Pick a company, influencer, partner, or entrepreneur with whom they’ve already got their marketing in place.

They are generating leads. They’ve got a strong brand. They have a consistent lead flow, and they are selling high ticket.

INR 10000, 25000, 50000, and up, and they are willing to give you a nice commission chunk.

And from there instead of you outbound or doing all these outreach, have them create a process where they are generating leads, and people are booking an appointment with you.

So instead of doing outbound, you’re doing inbound.

Every single call that you, every single prospect that you talk to, have pre-interest, pre-qualify, and pre-motivated. Of course, you’re closing ratio is gonna be high, once you have those three things together.

That’s how you become the highest-paid salesperson.

4 Proven Ways to Attract New Commercial Tenants

Real Estate

Shitanshu Kapadia

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January 27, 2023

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There are several things you can do to attract new commercial tenants.

First, make sure that your property is well-maintained and in good condition. This will show potential tenants that you take good care of your property and that it is an excellent place to do business.

Another important factor is location. If your property is in a convenient and accessible location, it will appeal more to potential tenants. Consider promoting nearby amenities, public transportation options, and easy access to major highways.

Offer competitive rental rates. Conduct market research to determine the average rental rates in your area and make sure your rates are competitive.

Consider offering tenant incentives, such as free rent for the first few months or a tenant improvement allowance. This can make your property more attractive to potential tenants.

Attracting new commercial tenants involves ensuring your property is well-maintained and in a good location, offering competitive rental rates, and potentially offering tenant incentives.

Read on to find more tips on how to attract commercial tenants.

commercial property

4 Proven Ways to Attract New Commercial Tenants

Offer A Rent-Free Period

Offering a rent-free period is one way to attract commercial tenants to your property. This is a form of tenant incentive that can make your property more attractive and help you stand out from the competition.

During the rent-free period, the tenant will not be required to pay rent for a specified time. This can help make your property more affordable for the tenant, especially if they are just starting a new business and are building up their customer base.

To make this incentive attractive to potential tenants, you can offer a rent-free period of several months or even a year. This can help entice potential tenants and make your property more appealing.

Offering a rent-free period can be risky for the property owner. You will not be receiving any rental income during this time, so you must ensure that you can afford this. Additionally, you should ensure that the tenant is financially stable and has a solid business plan before agreeing to a rent-free period.

Offering a rent-free period can be an excellent way to attract commercial tenants to your property. It can make your property more affordable for the tenant and help you stand out from the competition. However, it is essential to consider the potential risks carefully and ensure that the tenant is financially stable before agreeing to this type of incentive.

Provide Rent Abatement (Reduction)

Providing rent abatement or rent reduction is another way to attract commercial tenants to your property. This can be an attractive incentive for potential tenants, especially if they are facing financial challenges or are just starting a new business.

Rent abatement is a temporary reduction in the amount of rent that a tenant is required to pay. This can be offered for a specific period, such as a few months or a year, and can help to make your property more affordable for the tenant.

To offer rent abatement, you can agree to a temporary reduction in the rental rate with the tenant. This can be done through a lease amendment or a rent abatement agreement. Clearly outline the rent abatement terms, including the amount of the reduction and the duration of the abatement period.

Providing rent reduction can be an excellent way to attract commercial tenants to your property, but Carefully consider the potential risks. You will be losing rental income during the abatement period, so you need to make sure that you can afford to do this. Additionally, you should ensure that the tenant is financially stable and has a solid business plan before agreeing to a rent reduction.

Providing rent reductions can be an excellent way to attract commercial tenants to your property. It can make your property more affordable for the tenant and help you stand out from the competition. However, consider the potential risks carefully and ensure that the tenant is financially stable before agreeing to this incentive.

Consider Fit-Out Contribution

A fit-out contribution is another way to attract commercial tenants to your property. This is a form of tenant incentive that can help make your property more attractive and help you stand out from the competition.

A fit-out contribution is a payment or allowance the property owner provides to the tenant to help fit out the leased space. This can include renovations, new fixtures, or specialized equipment tenants need for their business.

To offer a fit-out contribution, you can provide the tenant with a specified amount or percentage of the fit-out costs. This can be done through a lease amendment or a fit-out contribution agreement. Clearly outline the terms of the fit-out contribution, including the amount of the assistance and the types of expenses it can be used for.

A fit-out contribution can be an excellent way to attract commercial tenants. This is because you are willing to invest in the tenant’s business and are committed to helping them succeed. In addition, a well-fitted space can make your property more attractive and increase your property value. However, it is essential to consider the potential risks of offering a fit-out contribution.

You will provide financial support to the tenant, so you must ensure they are financially stable and have a solid business plan. Additionally, you should carefully assess the potential return on your investment and ensure it is worth it.

Offering a fit-out contribution can be an excellent way to attract commercial tenants to your property. It shows that you are willing to invest in the tenant’s business and can help to make your property more attractive. However, it is essential to consider the potential risks carefully and ensure that the tenant is financially stable before agreeing to this type of incentive.

Make Building Upgrades to Attract Commercial Tenants

Making building upgrades is another way to attract commercial tenants to your property. By investing in improvements to your building, you can make it more attractive and modern, which can help to attract tenants who are looking for high-quality space.

Some examples of building upgrades that can help to attract commercial tenants include:

Updating the building’s exterior, such as repainting or installing new windows or doors
Renovating common areas, such as lobbies, restrooms, or elevators
Installing new lighting or HVAC systems
Upgrading the building’s security system or fire safety features
Adding amenities, such as a fitness center or tenant lounge

Investing in building upgrades like energy-efficient lighting, modern interiors, and dependable HVAC repair services NWA can significantly attract commercial tenants. These improvements ensure a comfortable and productive space while showcasing your commitment to maintaining high-quality facilities.

Before making any upgrades, carefully assess the needs of your potential tenants and the current state of your property. This will help you to determine which upgrades will be the most effective in attracting commercial tenants and will provide the best return on your investment.

Improving your building’s HVAC (heating, ventilation, and air conditioning) system is one way to attract commercial tenants. A modern and efficient HVAC system can provide tenants with a more comfortable and healthy working environment.

There are several ways that you can improve your building’s HVAC system to attract commercial tenants.

Some examples include:

Upgrading to a newer, more efficient HVAC system
Installing programmable thermostats to allow tenants to control the temperature in their space
Adding air purifiers or air filters to improve the air quality
Installing zoning controls to enable tenants to control the temperature in different areas of their space
Regularly maintaining and servicing the HVAC system to ensure that it is working correctly and efficiently

In conclusion, improving your building’s HVAC system can be an excellent way to attract commercial tenants. A modern and efficient HVAC system can provide a more comfortable and healthy working environment, which can be an essential factor for tenants when choosing a commercial space.

7 Best Side Hustle Ideas for 2025

Business Ideas

Shitanshu Kapadia

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January 26, 2023

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Side hustle provides extra income on the side when you do something you’re passionate about or that leverages your existing skills and experiences.

If you are fed up with your job or if you are finding ways to build something part-time with a side hustle here are the 7 best side hustle ideas for 2025.

best side hustle ideas

7 Best Side Hustle Ideas for 2025

#1 Virtual Assistant

In an era when businesses are going online, virtual assistants are in high demand. Virtual Assistant jobs can make you $10 to $30 per hour. You require various skills to perform the job of a virtual assistant. Different types of virtual assistant jobs are bookkeeping, customer services, email management, data entry, graphic design, website design, social media management, technical support, etc.

You can make use of Fiverr, Flexjobs, Freelancer, Upwork, or Zirtual to get starting-level jobs.

#2 Online Tutoring

For those with expertise in a particular subject, online tutoring can be a great side hustle. You can easily earn $15 to $22 per hour via online tutoring. You can start this on your own or make use of various online platforms.

Platforms like VIPKid and Chegg allow you to connect with students from all over the world and teach them remotely. In case you are starting on your own you can connect to your students via Zoom.

#3 Etsy Shop Online

Etsy offers you the facility to create your creative store online. Yes, If you are creative and love making handicrafts and creative art items this side hustle idea is for you.

Etsy offers the facility to sell everything from custom T-shirts to homemade soaps and jewelry. Everything is very easy with the click of a button. You can manage inventory, and set the price of a product. You can make money part-time easily on Etsy.

#4 Dropshipping

Dropshipping is the method to sell products of others without keeping inventory. Dropshipping can be done online as well as offline.

To set up dropshipping business online you have to establish your online platform or you can make use of Shopify online platform and connect with suppliers to fulfill your orders. You have to be very good at communication and deal closing to start this business.

#5 Monetize a Website

A website is not just a website. Website is a digital asset or virtual real estate today. You can either build a website from scratch or buy a website that already exists. This side hustle can help you to make money in multiple ways.

You can do affiliate marketing, display ads, product reviews, and sponsorship as well as sell digital products online. I know this side hustle works for sure from my personal experience.

#6 Build Youtube Channel

You can also earn more money if you like to talk on camera and don’t mind appearing on video through a YouTube channel. The interesting part about YouTube is that you can also repurpose your recorded video content into a podcast.

You need to be consistent in making videos on your channel. Once you reach 1000 subscribers and 4000 hours of watch time you can get the approval of the YouTube channel partner program.

#7 Online Surveys

There’s no doubt that paid surveys are one of the fastest ways to make money. During your free time, you can work on your phone and take surveys. The earnings in the case of an online survey would be less in the range of $1 to $10 per survey.

While each online survey platform does things differently, you can consider Survey Junkie, Swagbucks, or Inbox Dollars to do online surveys to make money online.

Do your own research and choose a side hustle that aligns with your interests, skills, and lifestyle. Each side hustle has its own requirements, costs, and challenges.

Additionally, make sure you have a plan to manage your time and balance your side hustle with your full-time job and personal life.