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Tips to Jumpstart a Property-Flipping Business

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property flipping

The real estate market is booming and shows no signs of slowing down any time soon. And you can flip properties to capitalize on rising demand for properties nationwide.

Flipping properties can be lucrative. But you need to plan ahead before you purchase, upgrade, and flip your first property. That way, you can achieve immediate success out of the gate.

Now, let’s look at four tips to jumpstart a property-flipping business — and keep it going strong long into the future.

1. Establish Goals

Create SMART goals for your property-flipping business. These goals are:

  • Specific: Outline what you want to accomplish and how you plan to do so.
  • Measurable: Ensure that you can track your progress as you work toward achieving your goals.
  • Achievable: Verify that your goals are realistic.
  • Relevant: Confirm that your goals align with what you want to accomplish in your career.
  • Time-Bound: Give yourself sufficient time to complete your goals.

Maintain flexibility with your property-flipping business goals as well. If you need to adjust your goals along the way, do so as needed.   

2. Evaluate the Real Estate Market

Keep an eye on the real estate market. Then, you can make a plan to flip properties per the sector’s current and future performance.

For instance, research indicates U.S. home prices rose 18% year over year in September 2021. However, some real estate market experts predict “buyer fatigue” may impact home prices in the foreseeable future. This could lead to a rapid shift in the real estate market that impacts your ability to purchase properties and flip them for significant profits.

It also pays to watch real estate startup technology trends. Using real estate mobile apps with geolocation and other state-of-the-art technologies can help you determine what properties to target. From here, you can use these technologies to explore ways to get the most value out of your property investments.

3. Obtain Financing

Seek out financing, so you can get the money you need to flip properties. Hard money and conventional loans are available. Evaluate both options carefully to determine if either is right for you.

Generally, it helps to meet with multiple lenders. You can then get insights into various loan options and how they work. Finally, you can make an informed decision on how to finance your property-flipping business.

Don’t forget to set up a budget, too. Know how much money is accessible and stick to your budget as you launch your budget. In doing so, you can reduce your risk of going bankrupt. 

4. Prioritize Property Upgrades

Check out properties and consider how you can upgrade them. Next, you can prioritize upgrades that help you boost a property’s value. At the same time, you can identify property upgrades that won’t break your budget.

Oftentimes, it helps to learn about the legal ramifications associated with myriad property upgrades. For instance, you may need to complete repairs to ensure a residential property’s plumbing is up to code. Or, you may need to remove asbestos from a property; failure to alleviate this issue can expose occupants to harmful airborne contaminants that can contribute to lung cancer and to legal penalties.

If possible, hire professional help to assist with property upgrades. Seek out property improvement professionals who possess comprehensive expertise. These professionals can complete any property repairs correctly, on time, and on budget.  

The Bottom Line on How to Jumpstart Your Property-Flipping Business

A property-flipping business can open the door to a wide range of career opportunities. Some people successfully flip properties for years and earn substantial income doing so. Meanwhile, others start flipping properties and move on to opportunities to rent their properties.

Thanks to the aforementioned tips, you can lay the groundwork for a successful property-flipping business. Use these tips to help get your property-flipping business off the ground. And as your company grows, remain persistent to ensure your business can achieve the optimal results now and in the future.

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How Is 3D Scanning Revolutionizing the Apparel Industry?

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How Is 3D Scanning Revolutionizing the Apparel Industry?

Sizing issues are a significant challenge for fashion retailers — especially when customers are shopping online. In general, both parties have come to expect that occasionally buying the wrong size is just part of the e-commerce experience.

However, a new technology may help companies find the perfect fit for their customers. 3D body scanning allows consumers to provide retailers with their precise body measurements — allowing for highly accurate sizing when they shop online. Here’s how this tech has advanced to the point where it can benefit companies and shoppers alike and potentially disrupt the fashion industry.

Product Fit and Returns Remain a Major Challenge for Online Fashion Retailers

Finding the right fit can be challenging, especially when shopping online. Customers can use the sizing information retailers provide. Still, it can be challenging to select the right size or visualize how a particular garment will fit without trying on the garment in real life.

As a result, many customers find that the apparel they buy online doesn’t fit well or match their style once they see it in person. Some customers even plan to receive items that don’t fit. They will use “bracketing” — or the practice of ordering the same thing in multiple sizes and returning what doesn’t fit well — to ensure something will work.

Even if every other aspect of the customer’s experience is positive, receiving a garment that does not fit can leave a bad impression. This can ultimately lead them not to shop with a brand in the future.

According to research from Morgan Stanley, product fit and returns are two of the biggest barriers for online fashion shoppers. However, online shopping has become more important for retailers of all kinds in a post-COVID world.

Companies can manage this challenge with a robust return program, but these offerings can significantly cut into profit margins. Free returns require retailers to budget for frequent round-trip shipping to ensure customers will eventually receive a garment that fits properly.

Ongoing supply chain woes and shortages of essential raw materials can make returns hit retailers even harder. Managing reverse logistics becomes even more painful when it’s more difficult to ship goods to customers at all.

How 3D Scanning Can Help Retailers Find the Perfect Fit

3D scanning apps allow customers to use cameras and lasers to capture their precise body measurements. This technology has been around for 30 years, but it’s become much more accessible.

Smartphones have become advanced enough to support fairly accurate body scanning technology. Most offer sophisticated cameras, and a handful of available phones use lasers to provide features like facial recognition.

Several 3D body scanning apps are available, allowing any customer with a smartphone to take advantage of the technology. People can also take advantage of businesses or body scanning tools that have arrived on the market over the past few years.

Using 3D Scanning to Streamline Online Fashion Shopping

Customers could export their measurements and body scans to e-commerce sites while shopping for clothes. Retailers could use this information to ensure buyers always receive clothes that fit.

For example, retailers could design online storefronts that either accept these measurements or integrate directly with body scanning apps, then provide filters based on a customer’s unique physique. The storefront could display only the clothes that are likely to fit.

In addition to providing customers with more accurate fit information, these 3D body scans could effectively allow retailers to create virtual dressing rooms. For example, some retailers already use body scanning in product development. This can support design techniques like body mapping, which designers use to construct a garment in line with how the body moves.

These retailers may already have digitized 3D versions of the garments they sell. They could provide tools that overlay these clothes on a model that uses the customer’s measurements, allowing them to see roughly how an appropriately sized item will fit them in real life.

These measurements and 3D models could also allow customers to virtually try on new clothes and visualize how a particular garment would fit.

In practice, virtual dressing rooms that take advantage of body scans, customer photos and garment models could solve the return and fit problem of online fashion shopping.

3D Scanning Could Improve Fashion’s Bottom Line

Even modest reductions in the return rate on apparel purchases could significantly increase a company’s profit margin. According to Morgan Stanley, just a “5% reduction in the rate of product returns could double earnings before income and taxes for an online apparel retailer, all else equal.”

3D body scanning technology could also support offerings like remote tailoring. This allows businesses to personalize the sizing of garments over the web based on information provided by a customer. For example, someone may submit their measurements and speak with a tailor over the web who will adapt apparel to their specific size or style requirements.

It may even be possible to automate this resizing process in some cases. One example is Sizer’s partnership with bra brand Wacoal America. The two companies teamed up during the pandemic to develop an AI-powered app that helps customers find the right bra size within just a few minutes.

Several other companies are also experimenting with virtual sizing and try-on apps that allow customers to visualize a garment’s fit before committing to a purchase.

3D Scanning May Help Fashion Tackle Its Return Problem

Experts predict that online shopping will continue to grow quickly over the next few years. Even as customers return to shopping in person, e-commerce will continue to become more important to the fashion industry at large. As a result, retailers will need to contend with the difficulty of properly sizing garments when shopping online. Tools like 3D body scanners can be a powerful way for businesses to ensure customers receive clothes that fit well.

Some retailers have already started to develop virtual sizing and try-on apps for their customers. Combining these apps with 3D body scanning technology could help fashion solve its product fit and return problems.

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Why Company Vehicles Are Important

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Why Company Vehicles Are Important

Every penny counts when you run a business, so the last thing you’ll want to do is pay for something you don’t need. This is why it’s so important to weigh up the pros and cons of each buying decision to ensure that what you are spending money on is worth it.

When it comes to company vehicles, this decision-making process is crucial. You might already know that you absolutely need some vehicles to make deliveries or get to clients’ addresses, for example, but if you’re unsure because you like the idea of providing your team with vehicles but don’t know whether the cost is justified, read on; here are some reasons why company vehicles are important.

Cost-Effective

One of the reasons you might not be sure about running a company vehicle (or multiple company vehicles) is the cost. Not only will it cost you money to purchase or lease the vehicles in the first place, but there are also ongoing costs, such as tax, maintenance, and fuel. This can all add up to a lot and might even mean that investing in company vehicles is prohibitive at the moment.

Yet if your budget can withstand the outlay, there are many ways to make owning or leasing company cars more cost-effective. For one thing, you can use them to offset tax costs throughout the business (an accountant will be able to help you with this if you’re unsure what to do). Plus, if you have good fleet solutions in Texas, you’ll already be able to discover plenty of cost-saving exercises. So, although buying company vehicles might seem expensive at first, there are many things you can to do to mitigate those costs.

Attract Employees

If you want to have a successful business, having the best employees is a crucial component. If your team is substandard, the work you produce will be as well. This is why you need to do everything you can to attract excellent employees. There are a number of ways to do this, but the best thing you can do is offer them a variety of benefits and incentives to work for you. Among these ideas is the company car.

If there is a choice between working somewhere that offers someone a new company car and somewhere that doesn’t, it’s likely that the potential candidate will at least consider the company that offers them more and will often apply for the position. After all, although they will have to pay tax on that car, they can also save money on a vehicle in the long term. When you give employees a company car, you’ll have much more choice when it comes to who to employ, and you can find the very best without having to compromise.

Marketing

Marketing is a tricky thing to get right, and in many situations, it costs a lot of money. You need to be sure that what you’re spending money on is worthwhile and will work – you need to know that people are seeing your advertising.

One way to guarantee that your marketing efforts will be noticed is to have company vehicles that are wrapped in your marketing material. Whether that’s a full ad or simply the name and website of your business will depend on what you need to say, but the fact that these vehicles are driving around all day and will be seen by hundreds and potentially thousands of people mean they are the ideal marketing tool.

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7 Essentials For E-Learning Graphic Design

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7 Essentials For E-Learning Graphic Design

It’s becoming increasingly common for people to rely on e-learning. It can help with school or gain skills for career purposes. If you plan to take an online course, consider eLearning graphic design. With the available web resources, one can learn design on their own. This article will go over the basics of eLearning graphic design.

7 Essentials For E-Learning Graphic Design

  1. Research the client’s website and business.

Research is essential when designing graphics. Consider visiting both the client’s website and their social media pages. It will give you important information regarding their expectations. Check the type of content the business posts and how they present themselves.

After research, a design team should have an idea of the best approach. For instance, maybe the client’s website mainly uses the colors red, blue, and white. This could be related to their brand when it comes to audience perception. Therefore, mind this when trying to create a graphic design. To ensure consistency, you might not want to deviate from this main design theme.

  1. Look to current design trends for inspiration.

Every designer wants to take time to develop their own creative design. Yet, it is still recommended and encouraged to draw inspiration from current trends. By their nature, trends have been proven to work well with the public. However, when trying to draw inspiration, avoid outright copying another design. That would be the same as plagiarism for writing. You could prevent writing plagiarized content by using top essay writing sites for your articles. Their experts can create original papers for you. 

When it comes to design, stay authentic even when taking inspiration from trends. For instance, if a current trend includes video feedback, you might want to do something similar. You could design a webpage dedicated to customers’ reviews. Alternatively, you might decide to go further by combining both ideas. Go through several e-learning websites to get a good picture of what is trending.

  1. Discuss the needs of the project with the client.

For a graphic design project to be successful, it must align with the client’s needs. The way to ensure this is to initiate contact with the client. This could be done via a physical meeting or a Zoom call. 

Some clients finalize their requirements before contacting a graphics design team. However, some requirements can only be established during an interaction. The demands might be complex, but you can practice simplicity when visualizing them. Ask questions about the project to finalize all the requirements.

  1. Pay attention to color.

Color has been used historically to communicate messages. For instance, red is often associated with danger or aggression. Some brands have cultural or ideological restrictions when it comes to color. 

This is why it’s important to research the client’s website and establish their requirements.  Also, when choosing a color, consider how pleasant it is to the eye. For example, many colors on a website might make it look confusing and hard to look at. There are online courses on graphic design that teach proper coloristic.

  1. Choose good typography.

You want the audience to understand your design easily. To achieve this, you need to choose the right font. When your readers are going through your design, you don’t want any text you share to be confusing. Therefore, stick to a few chosen fonts on the website. 

You should consider the size of the fonts – it dictates readability. Most websites use an 11-16 size font. Finally, you should account for how your text will look on mobile devices and desktop computers alike.

  1. Create and share mockups.

You should create a mockup when you think you have created a good design. Share your mockup so that you can easily identify areas of improvement. Make sure that your client reviews your mockup regularly.

  1. Constantly lookout for feedback.

When working on any project, it can be helpful to ask for feedback, especially from the project’s stakeholders. At times, feedback might not be delivered professionally. However, if you’re able to separate the feedback from how it was delivered, you might be able to learn a thing or two. Aside from clients, you can also ask friends to share what they think about your progress. You could even reach out to members of your target audience to get some tips.

Final Things To Consider

As you create a website’s graphics design, paying attention to simplicity is important. You don’t want to overcomplicate your design. Avoid conflicting color schemes and unnecessary design elements. Your paragraphs should be short to maintain the interest of the reader. Make sure your design is original yet in line with current trends. Always ask for clients’ feedback as you work. Hopefully, the points shared in this article will help in your next design project!

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