May 2023 - DhuMall

May 31 2023

Essential Information for Global Product Sourcing

Global product sourcing is a process by which companies can find global products to sell. To know marketable inventory for your business, you need to explore wholesalers, manufacturers, artisans, and other types of creators and companies that produce merchandise for sale. This article will guide you to perform global product sourcing for your business flawlessly. The world of supply may be wide-ranging and magnificent but they are available if you do perfect sourcing to find product suppliers that are looking for you. If you want to perform global product sourcing for developing your company with quality products, here are some of the important factors you need to consider.

Products search

For a better global product search, you may utilize the following options.

DIY products

In 2020, the handicraft market of the world touched $647 billion. For product sourcing, you may contact solo artisans that create exquisite artefacts to big companies that offer world-class products with heritage designs.

Manufacturers or wholesalers

If you contact global manufacturers or wholesalers, you may come across different types of products and some of them can be the latest ones. All over the world, thousands of new products are introduced every year. If you can find out manufacturers or wholesalers that sell innovative products, you can make a profit from new products immediately.

Marketplaces

Nowadays, after the success of e-commerce, you have a lot of marketplaces online to find products locally or globally. You may utilize all-purpose online platforms such as Amazon and eBay to discover more goods for sale.

Trade shows

Trade shows were successfully designed to connect manufacturers and distributors with traders. Consumer trends, new technologies, and market shifts always demand businesses to stay up to date. If you attend trade shows, you can get in touch with the most esteemed industry products around the world.

Vendor analysis

Vendor analysis is the most important factor in product sourcing decisions. If your competitor has a vendor who can supply more quickly than your vendors, you may lose market share and lost revenue. Hence, select a receptive vendor who is able to accommodate changes and produce according to needs. Vendor analysis is mainly founded on data. Therefore, based on quantifiable performance indicators, the vendor you have chosen should be able to understand your needs in terms of quality, cost, and delivery speed.

Price comparison

Whenever you perform global product sourcing, you must do price comparisons among various vendors. What you need to consider is that you must focus on the cost of transportation, customs and duties, brokerage services, financing, and insurance. And also you need to consider other additional and unexpected costs. For that, you may use some price comparison sites to get proper data. Once you have compared the prices of every vendor you have selected, move on to the next step of product quality.

Product quality

Product quality is an important part of any product souring. The quality of the product will create a great impact on sales and marketing. Product quality refers to how exactly a product satisfies customer requirements, serves its drive, and meets industry standards. When assessing the quality of products, companies should consider several key aspects, including whether a product can solve a problem for the target audience, works powerfully, or suits customers’ purposes. Here are eight important aspects that you should consider as the basic elements of product quality.

Aesthetics
Conformance
Durability
Features
Perceived Quality
Performance
Reliability
Serviceability

Trade regulations

Governmental regulations may support you to do product sourcing from an area or it may detract you for doing sourcing from a region. Hence, prior to considering any product sourcing decisions, it is essential that all trade regulations or restrictions are evaluated pragmatically. Many government-sponsored publications and organizations are available online to help you educate about the legal requirements of international trade. Generally, trade policy uses seven main instruments: subsidies, tariffs, import quotas, local content requirements, voluntary export restraints, administrative policies, and antidumping duties.

Logistics

If you are unable to receive the products to market at the right time, your efforts will become useless. Delivery on time is the most important factor in this digital world. People want to get anything immediately. So you must find trustworthy logistics that can play a major role in delivering goods on time. Your delivery partner should be able to control various processes of moving goods, including warehousing and transportation, from the point of origin to your place based on the urgency of customer requirements. Here, seasonal fluctuations and natural calamities should be also taken into consideration. You may also use dropshipping, a method of product sourcing where another vendor fully fulfils a customer’s order. Dropshipping is a great option if you start a new online store.

Conclusion

The factors given above are to consider when making global sourcing decisions. Once you have come to a good decision, you will encounter more opportunities to enjoy conducting good product sourcing in the global market. If you want to find the best goods for trade, you need to venture into some new territories. Information related to global product sourcing is aplenty. What you should do is to choose the best approach and keep your search preferences well-structured to get rid of getting overwhelmed. Don’t stop product sourcing once the product is sourced. Maintain a good relationship with the suppliers you deal with and keep trying to find new suppliers around the world. Apart from the information given above, you may also try to find other types of information for better product sourcing.

DhuMall brings you iGlobalSourcing, the world’s leading product sourcing and supplier discovery platform. It congregates the most trustworthy manufacturers and wholesalers as well as qualified potential buyers from more than 200 countries and territories around the world. Consequently, it offers limitless products of a diverse range to choose from. We work on creating a win-win situation for our buyers and suppliers.

The platform presents a varied and all-inclusive range of suppliers and products incorporating categories such as Agriculture, Forestry & Fisheries, Building & Construction, Apparel, Fashion & Accessories, Food & Beverages, Restaurants & Kitchen Equipment, Sports, Toys, Gifts, Hobbies & Crafts, Textile & Leather, Property & Land, Medical, Healthcare, Lab Instruments & Supplies, and a lot more.

We are extremely pleased to invite you to join the most invaluable global B2B marketplace to make the most of the variety of high-quality products available here to create your business success.

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Finding The Right Franchisees

Franchising is one of the best ways to grow any business and is suitable for all types of industries. It is specifically the best growth strategy for small and medium-sized businesses that lack access to capital. Small and medium-scale businesses have a tight budget and the size of their team is also small. They don’t have the privileges that the larger businesses have, as well.

Franchising is free of the risks of debt or the cost of equity because it entails using other people’s money to grow and expand. The company does not have to invest much to set up new franchise stores and it can have multiple stores, which is not practical for the company to do on its own.

Apart from not having to invest hugely, the company also has the benefit of not having to deal with the hassles of employing and managing the staff there. The franchise model enables replacing managers with entrepreneurs (franchisees). Because franchisees invest their money and skills, they are more reliable and diligent than salaried employees. Also, they are committed for a very long term.

In any franchise business, the franchisee handles the responsibility of hiring and training the employees, carrying out day-to-day business operations, supervising staff, getting leads and making sales, etc. This lets the franchisors focus on imperative aspects of business such as brand management, innovation, etc.

Franchisees have a sense of ownership so they care about improving the operational quality. Franchising offers rapid market penetration, growth in multiple locations, and large and wide distribution of products or services.

The franchising business model brings incredible advantages. However, the success or failure of any franchise business depends on its most important aspect – The Franchisees.

Finding the right franchisee is the most overwhelming yet inevitable part of the franchise business-building process. It is a long-term commitment too.

But often franchisors are impatient particularly when the business is in a cash flow crunch. They desperately hunt for franchisees and impulsively pick unfit candidates who are willing to invest without minding their backgrounds. And this dramatically affects the future of the business.

It is essential to have a systematic franchisee screening process so that the franchise network of the business is robust enough to achieve business goals and success. When looking for a franchisee identify what value the one you choose can bring to your business.

Check their qualification, experience, skills, and ability to carry out business as per your expectations. Examine if the candidate is passionate about the business and has the fortitude to go through tough times and would be a good team player while adhering to your business values. Verify their background thoroughly to avoid the risk of getting fraudsters associated with the franchise network of your business.

Where to look for Prospective franchisees?

Well, there are a number of ways to discover the perfect franchisees for building your company’s franchise network.

Tradeshows

Tradeshow is a great way to network with people, face-to-face. If you can attend franchise tradeshows and events in the line of your business or related to your industry and market there is a high chance of finding the ideal person who can associate with your business. However, this is not just time-consuming but also very painstaking.

Word-of-mouth Referrals

Franchisors can ask for referrals from existing franchisees, business networks, friends, and family members. This is the least expensive method but franchisors cannot find a lot candidates as desired.

Running ads

Running ads on Google or Facebook and also on professional social media platforms like LinkedIn and Twitter is a very cost-effective way to reach your prospective franchisees particularly when they are targeted effectively.

Organic Social Media Strategy

If your budget is very tight and you do want to go with paid ads then it is better to go for social media organic reach. This method however requires patience and time. You can use this opportunity to build your brand awareness on the social media portals where your potential franchisees are likely to hang out and get more out of the effort invested.

Cold Emailing

Building a very robust email database of eligible people by collecting information through accurate sources is very significant, but not enough. The content created to send to these audiences must be very compelling. Personalization makes the process very effective for seizing the attention of the audience, increasing the opening rate, and holding their interest enough to make them go through the content.

The key is not to stop here. Always keep in touch with eligible people who show genuine interest in your business, even if they are not ready immediately.

Franchise portals

Listing on Franchise portals is one of the best ways to discover your prospective franchisees because genuinely interested and proficient people flock and sign up into these portals searching for the most suited franchise business opportunity for them. Such portals not only help you find quality candidates but also in good quantity with ease.

DhuMall iHotBiz is one of the top international franchising listing & business opportunities platforms which makes finding the right franchisee a hassle-free and effortless task.

DhuMall is a global marketplace for businesses of all sizes, industries, and nature to shop for various great products, services, business solutions, and opportunities available in more than 200 countries and territories.

The company has the advantage of a valuable and reliable database of top-rated franchise companies seeking to expand globally through master franchising. This comprehensive global franchising listing platform incorporates diverse franchise businesses including Food, Health & Beauty, Education & Training, Computer and Internet, Entertainment, Fitness & Sports, Retail & Retail Services, Jewelry, and many more.

This attracts many competent and zealous people around the world looking for franchising and business opportunities to this platform. The user-friendly platform helps them to filter the listings to refine their search and discover their best-suited opportunities.

You too can list your company on this incredible international franchising listing portal and that too for FREE!

Find Your Right Franchisees

And

Grow Your Franchising Business Successfully

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How to manage your B2B Sales Strategy during Economic Decline

If there is any economic decline, it may cause various factors, which may increase interest rates, reduce consumer purchase power, or increase in prices of oils and gas. Any of these factors could make a significant impact while doing B2B sales.

An increase in interest rates will make companies borrow funds from financial institutions for inventory or expansion. A decrease in consumer purchase power could lead to a shortage in demand for products and services in a particular market. And also if oil prices increase, it may lead to a rise in transportation costs.

Only a few sales organizations are well prepared to face an economic decline in advance. Most companies develop their strategies shortly after the economic decline hits.

So, what should a company do to manage its sales process during economic decline?

In this article, let’s see 10 key strategies that can support you to manage your B2B sales strategy during any economic decline.

Introducing New Products and Services

Introducing new products and services is essential for any business. New products can also help you to tap into new markets and reach new audiences. By selling various products and services, a wider range of people may become your customers and you will increase your chances of achieving more sales during an economic crisis.

Key benefits

By introducing new products and services, you can:

Adapt to changing customer demands through the latest products and services.
Address untapped market segments with tailored offerings.
Capture new market share with an expanded product range.
Cater to emerging trends with timely product introductions.
Differentiate from competitors with unique product offerings.
Enhance product portfolio for increased market opportunities.
Expand offerings to attract a diverse customer base.
Improve customer loyalty with relevant new offerings.
Increase revenue streams by launching complementary services.
Introduce innovative solutions to meet evolving needs.

New Pricing Strategy

When developing a new pricing strategy during a recession, you need to make sure that the pricing you set is competitive. You must also ensure your prices align with your costs, making reasonable profits. Finally, it is a must for you to ensure that your prices are sustainable in the long run. You may also offer discounts or promotions to boost sales.

Key benefits

With a new pricing strategy, you can:

Adjust prices to enhance competitiveness and attract customers.
Align pricing with customer budgets for improved affordability.
Conduct market research to determine optimal pricing levels.
Implement flexible pricing models for diverse customer segments.
Implement promotional pricing to boost short-term sales.
Introduce value-based pricing to highlight product benefits.
Offer attractive discounts to stimulate sales during an economic decline.
Offer tiered pricing options for different customer needs.
Provide pricing incentives to encourage larger order volumes.
Utilize dynamic pricing strategies to optimize revenue generation.

Customer Reviews and Testimonials

During a recession, it is essential for every company to collect customer reviews and testimonials. Analyzing customer reviews is a productive approach to find out potential customers that your company needs. Your customers also help to increase your search engine rankings, helping you attract diverse customers.

Key benefits

With customer reviews and testimonials, you will have the ability to:

Build trust with positive customer feedback and reviews.
Display customer reviews prominently on the website and marketing materials.
Encourage customers to share positive experiences through testimonials.
Establish credibility through authentic customer reviews and ratings.
Harness positive reviews to differentiate from competitors.
Leverage online platforms for increased visibility of customer feedback.
Leverage testimonials to demonstrate product/service effectiveness.
Respond promptly to customer reviews to demonstrate attentiveness.
Showcase satisfied customer experiences to attract new clients.
Utilize social proof to influence potential buyers’ decision-making.

Data-Driven Insights

This is the digital era where data is king. So redesign your business strategy with data-driven decisions that will help you survive and thrive during economic decline. Focusing on solid insights will make you understand a competitive advantage when the recession hits. Following data-driven insights is one of the effective approaches to developing growth strategies by discovering the latest trends.

Key benefits

With data-driven insights, you can:

Analyze data to identify the latest sales trends and opportunities.
Identify customer preferences and tailor offerings accordingly.
Leverage data analytics to identify cost-saving opportunities.
Leverage predictive analytics for proactive sales planning.
Make quick decisions based on precise market data.
Monitor key performance indicators to track sales effectiveness.
Develop new marketing campaigns based on data-driven insights.
Utilize data for targeted lead generation and personalized marketing.
Utilize data insights to optimize sales strategies and processes.
Utilize data to understand customer behavior and purchasing patterns.

Multidimensional Marketing

During a recession, customers are looking for deals in various channels. So your marketing campaigns should reflect this by branding, marketing, and selling your products and services with the support of multidimensional channels. You may also use targeted niche campaigns to reach new potential audiences that are looking for particular products or services in various channels.

Key benefits

With multidimensional marketing, you can:

Engage in influencer marketing to expand brand awareness.
Implement integrated marketing campaigns for broader reach.
Leverage content marketing to establish industry thought leadership.
Leverage digital platforms to expand brand visibility.
Leverage email marketing for personalized customer communication.
Participate in industry events and trade shows for networking opportunities.
Reach customers through diverse marketing channels and mediums.
Utilize offline advertising channels for comprehensive market coverage.
Utilize social media marketing for targeted B2B promotions.
Utilize video marketing to enhance engagement and information delivery.

Publishing Case Studies

Case studies will empower you to highlight the successful results you have developed so far, especially if your business is related to marketing or consulting. Write and publish case studies that should explain how you have offered results to the clients that were looking for reputable companies to work with.

Key benefits

By publishing case studies, you will:

Collaborate with satisfied clients to develop compelling case studies.
Demonstrate successful B2B partnerships and outcomes.
Highlight industry-specific case studies to target relevant clients.
Illustrate problem-solving capabilities and expertise through case studies.
Leverage case studies to differentiate from competitors.
Provide evidence of product/service effectiveness through documented cases.
Share case studies on websites, social media, and sales collateral.
Showcase real-life examples to build trust and credibility.
Use case studies as sales tools during customer interactions.
Utilize case studies to address common customer pain points.

Cost-effective Business Operations

As a successful business owner, you should be well aware of what your business expenses are, making sure their needs. You must day ‘no haemorrhaging money during an economic recession’ when you do any business operation. By controlling the expenses of your business operations, you create a strategy to control your costs.

Key benefits

By implementing cost-effective business operations, you can:

Automate manual tasks to improve efficiency and productivity.
Implement energy-saving measures to reduce utility expenses.
Implement lean practices to eliminate inefficiencies and reduce costs.
Leverage technology to streamline business operations and workflows.
Monitor and control overhead costs for better financial management.
Negotiate better supplier contracts for cost savings.
Optimize inventory management to minimize holding costs.
Optimize processes to reduce operational expenses and waste.
Outsource non-core functions to reduce costs.
Train employees for improved skills and productivity.

Customer Retention

According to various studies, acquiring new customers is more difficult than retaining an existing customer. And also, focusing on customer retention can increase your profits. If you follow up with customers in multi-channel (website, social media, phone, etc.), you support your existing customers with special deals and the latest products.

Key benefits

With customer retention strategies, you will:

Anticipate customer needs and provide proactive solutions.
Build strong relationships to encourage repeat business.
Collect feedback and implement improvements based on customer input.
Continuously exceed customer expectations to foster loyalty.
Offer exclusive benefits and discounts for long-term customers.
Offer loyalty programs to reward and retain valuable customers.
Personalize communication to show appreciation and understanding.
Provide excellent customer service to improve satisfaction.
Regularly engage with customers to maintain relationships.
Resolve customer issues promptly and effectively.

Outsourcing

Sometimes if your company doesn’t have any new projects, you can go for outsourcing if you think that relying on full-time employees can be expensive. Nowadays most B2B businesses have started recruiting freelancers and remote workers to perform tasks. Outsourcing expensive tasks will cut down on expenses to increase the profits of your business during a recession.

Key benefits

With the support of outsourcing, you will:

Delegate non-core tasks to specialized external partners.
Focus on core competencies by outsourcing supporting functions.
Gain access to specialized skills and resources through outsourcing.
Improve scalability and flexibility through outsourced services.
Leverage outsourced expertise for improved service quality.
Minimize recruitment and training costs through outsourcing.
Mitigate risks by outsourcing certain business operations.
Reduce costs by outsourcing functions to low-cost regions.
Reduce overhead costs by outsourcing managerial tasks.
Streamline operations by utilizing external vendor capabilities.

Automation in Lead Generation

If you want more leads, you should automate your sales process. When you automate, your digital architecture will do all the processes smoothly to get more leads faster, without having to think about increasing your sales with manual sales. Getting a consistent stream of responses will help companies to play in the field as recession-proof company.

Key benefits

By installing automation, you will:

Collaborate with industry influencers to expand lead generation reach.
Generate quality leads to maintain the sales pipeline.
Implement lead scoring and qualification processes for efficient follow-up.
Implement referral programs to encourage existing customers to refer leads.
Leverage digital platforms for lead generation through content marketing.
Offer valuable gated content to capture leads’ contact information.
Participate in industry events to network and produce leads.
Utilize data analytics to identify potential leads and prospects.
Utilize lead nurturing strategies to build relationships and convert prospects.
Utilize targeted marketing campaigns to attract potential clients.

Conclusion

Apart from the above strategies, you may also develop new strategies to face any economic decline. Without developing original, competitive, and creative strategies, it’s impossible to manage your sale during a recession. As a company, it’s essential to be ready for any economic downturns and other dangers that can affect the sales of your company. Based on the past economic downturns, follow what leaders have suggested to quickly assess and then immediately act to get results positively.

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Get Funding for Your Business

‘You need money to make money.’

In Business, merely doing hard work cannot bring success. Money is the most inevitable factor for achieving business goals successfully.

Having adequate working capital is necessary to maintain the financial health of a business and keep the day-to-day operations moving smoothly. Lack of capital is an acute challenge and one of the primary reasons any small business or startup fails or shuts down.

Depending on the size, nature, and industry of a business, its need for funds may differ. For a startup business funding is immensely crucial to put the idea into action and get started.

Money is a crucial component in every aspect of a business function. If a small business or startup wants to rent an office space or factory, set up the office/workshop with furniture, equipment, and machines, purchase raw materials and supplies, start production, and get necessary services, the significance of business funding cannot be overlooked. Specifically, at the initial stages, most businesses have to rely on funding for managing their company.

Funding is an incredibly important means to hire and acquire talents who can effectively contribute to the growth of your business. If your startup business is not making enough profits as it has not caught up the momentum yet, then funds are the best practical way to raise money for investing in efficient, skilled, and knowledgeable people to run your business successfully.

For creating their position in the market, startups also have to carry out marketing and promotions, without which their business may go unnoticed among the prospects and emerge limp amidst the well-established existing players. Here too, business funding plays a huge role in bearing such imperative expenses.

When a startup procures funding, it inevitably gains credibility. This is because it is assumed that if the investors are ready to invest and support it then the business must be having excellent potential and good scope to lead in the future.

Even for a well-established business, business funds are greatly valuable to utilize the new opportunities that crop up in its journey toward growth and development. It is also necessary for executing Market Research, developing new products or capitalizing on new products or services, expanding the product line or services as well as keeping pace with the escalating demands and sales.

Sometimes these businesses have to invest in new property and business assets, new warehouse setup, increase transport efficiency, and carry on massive hiring to expand in new locations, locally or internationally. In such cases, the business needs extra support in terms of finance. And business funding is an excellent way to manage such expenses.

In a nutshell, regardless of the size and nature of a business, business funds can help in the successful running of a business while bringing about its better future and long-term growth.

If you are looking for funds for your business, here are some practical strategies to consider:

Estimate The Amount Of Funding Your Business Requires

Just as the needs for funds differ from business to business, the required amount of the fund may also vary depending on their obligations. Before approaching the investors for procuring funds, determine – which aspects of your business need funds and why. Then calculate the exact amount needed.

If you are establishing a startup, calculate and prepare a detailed estimation of the different aspects of your business such as the premises, the staff, the supplies, equipment, etc. It helps in deciding – how much additional money is needed apart from the cash on hand or bootstrap.

Create A Comprehensive Business Plan

This is a very fundamental step before approaching the investors. Investors assess the scope of your business before investing. If your business plan is not solid and persuasive enough, it may not create the right impression in the minds of the investors. And your attempt to obtain the business funding may fail.

So, create a Business Plan that includes your team and its strengths, marketing & sales plan, business growth plan, your competitive edge, the advantages you have as a new entrant over the existing competitors (if you are a startup), and your expected ROI. Also, point out your competitors’ weaknesses and the gaps in the market they failed to meet and thus the opportunity or possibility you gain there as an advantage. Include the plans that you have figured out to meet those gaps, thus proving that you are set to do better than your competitors.

And finally include the amount of money you would be needing to materialize your goals.

Find The Right Investors

Once you have a great business plan under your belt, start looking for suitable investors considering their interest rates and assessing the risks entailed in each and every choice.

This can be a very time-consuming, laborious, and overwhelming task, Business Funding can never be so simple and easy with DhuMall! We bring you the most trusted Business Funding Solutions to support your business in achieving growth, prosperity, and success.

We have a comprehensive network and collaboration with more than 78,000 public listed companies, investment funds, private equity funds, venture capitalists, angel investors, business incubators, government agencies, various funds, and investors, around the world.

Our professional experts who have in-depth knowledge and profound experience in this field, work with you by understanding the pain points and specific funding needs of your business and linking you with suitable investors. Throughout the process, they back you up with personalized and accurate guidance for preparing a robust and compelling pitching deck, that includes all your business information that investors anticipate to be aware of before approving the fund. Thus, they prevent you from making mistakes that can lead to the rejection of your business fund application.

With our advantage of robust relationships with investors around the world and profound experience in this field, we not only assist you in pitching successfully but also get excellent offers for you with the most favorable terms and competitive interest rates.

Our motto is to provide you complete support in getting your requisite business funds so that you achieve your business goals, without any hindrance.

We support our clients with these funding rounds:

Seed
Angel round
Series A
Series B
Series C and beyond
Merger & Acquisition
IPO
Post-IPO
Private Placement
Other funding

DhuMall Business Funding Solutions offers quick, hassle-free, and friendly customer service to all businesses of all sizes and sectors.

Get Reliable Business Funding For Your Business Today!

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Hiring And Managing Freelancers

If you are someone who hires and delegates work to freelancers regularly then you do know very well, how overwhelming and arduous the process can be. We get you, that is why we have some great tips for you to hire and manage freelancers smoothly and efficiently.

1) Scrutinize your project/work

Before you look for freelancers out there, first analyze your work. Break your big project/work into manageable, smaller tasks. Determine the skills, education, ability, and experience that are necessary to execute them perfectly as well as talents from which area/field would be the right fit for accomplishing each task or a certain set of tasks.

Also consider the other aspects –the time you have to tackle the project, the quality of the outcome, estimation of the number of people needed to complete the task in the given time, the kind of talents who can deliver the best results – the traits and qualities apart from the work skills and qualification.

Once these factors are taken into account, go for the next step – creating job descriptions.

2) Come up with a well-defined and detailed job description

The get the best professionals for a given task or job, you must put up a job description that attracts quality people. Make sure that your job description portrays your requirement, and expectations and gives a clear and full understanding of your project to the candidates.

Being upfront is very important at this stage to avoid disappointments, negative experiences, and waste of time during the course of working with the freelancers. So, include details such as:

Estimated Project Timeline
The budget for the project
Tools and software you prefer for the job
The individual/ team the freelancer has to coordinate with
Means of communication you plan to engage with the freelancer
Project framework
Your plan to track the work progress and provide feedback
The mode of payment

3) Select the suitable candidate

Selecting the right talent determines the success of working with freelancers.

When you scrutinize your candidates, evaluate their profiles and check through the reviews and ratings on their profiles. Examine if they have the proficiency to do your job, check the projects they have finished before, and select those who have undertaken related projects.

Once you have selected a few right matches, make sure to conduct a phone or video interview with them. Assess their communication skills. Ask them to share their portfolio and if they can provide their testimonials or if they have their own website.

Ask them questions related to the subject of your work project and their previous relevant work experience. It can help you judge their interest, enthusiasm, and knowledge. You can also fix up a small paid project to test their proficiency.

4) Hire the freelancer

After shortlisting the applicants, clarify the work or task in detail and how you want it to be executed, their role and responsibilities in particular. Some prefer letting their freelancers work independently without any intervention while others keep track of the work progress and offer regular feedback so that they are in control. Discuss your style of working and how you prefer to be in touch with your freelancers explicitly. Clearly state the deadline of the work.

Discuss the pay rate, the payment terms, and the process with your freelancer. Also, while hiring the freelancers, get their contact details, a copy of their proof of identity, and citizenship of their country.

For security, get them to sign an official contract that incorporates an indemnity clause, termination terms, and limitation of liability. Apart from that make them sign a legal non-disclosure agreement of undertaking that they will never share confidential information about your company, project, and clients with anyone else.

5) Managing your freelancers

To ensure that the freelancers keep up with your expectations you can support them in a few ways. Apart from clarifying the task and the outcome you expect offer them samples of completed work from the past if you have any, related to the currently assigned task so that they can get a clear idea and both of you do not have to go through the hassle and time wastage of re-doing the task.

Connect the freelancer with the related team in your workplace, so that they can coordinate and work accordingly. This also ensures that they do not deviate from the track.

Do not micro-manage freelancers. Offer them the liberty to carry on the work in their own way. However, be available for communication so if the freelancers have doubts and queries related to the work, they can have immediate resolution without having to wait and waste time.

Similarly have a schedule and practice of giving regular feedback. This will ensure that you get regular updates on the work and thus get an overview of task progress and the outcome of the work assignments.

Although these tips can help you hire smoothly and work effectively with your freelancers, you must understand that the right platform is immensely important to acquire the right freelancer candidates.

We understand this fact and thus created Dhumall Freelance Services – One of the fastest-growing freelancing platforms in the world. The platform brings you talents from over 200 countries and territories without any geographical barrier.

We equally focus on quality and so we put forward a pool of talent with outstanding skills, experience, creativeness, expertise, and ability who can fulfill your assigned tasks following your expectations. The easy and effective narrowing down of search results – a feature of this platform assists you to screen through pertinent candidates’ profiles quickly.

Dhumall Freelance Services presents a comprehensive range of categories to enable you to select candidates with skills that match your project requirements. These categories incorporate:

Admin Support
Data Science & Analytics
Design & Creative
Engineering & Architecture
Website, Software, IT & Networking
Legal
Sales & Marketing
Web, Mobile & Software Development
Writing
Translation
Trades & Services
Customer Service

Hire better and experience great success working with freelancers by acquiring your candidates from Dhumall Freelance Services.

If you are a freelancer looking for freelancing opportunities and excellent growth in your career, try the Dhumall Freelancing Platform.

It is one of the best freelance platforms that not only includes varied types of freelancing jobs but also abundant projects to bid on. Furthermore, the job postings are regularly updated in the feed. It presents projects from renowned companies that pay the best rates in proportion to the output of the freelancers. Above all, this platform guarantees safety from scammers with its escrow system in addition to offering secured payment processing.

Log in to https://iprimework.dhumall.com/ & create your own profile today!

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Boost Employee Performance with the Greatest Learning Content & Right Resources

Dear Business Forecaster/Mastermind/Innovator,

If you invest in the skills of your employees, your company will get the right learning system, culture, beliefs, and values to advance your business performance. If you want to bring out the potential skills and competitive spirits of your employees, you need to focus on the following courses contributed by DhuMall. As an employer or a director, you will also have an opportunity to get trained with these courses to advance business intelligence.

iSuperLearner
Dhunicorn proudly presents to you iSuperlearner. It is the best training & development solution for your entire organization, from top-level management to the staff level. iSuperLearner is a systematic e-learning platform, specifically designed & built by professionals to offer convenient & systematic self-paced learning. It incorporates up to 6000 online videos, courses, and quizzes intended to strengthen the learning culture of your organization and enhance employees’ performance, knowledge, and skills. Its top-quality courses are developed by well-known experts & highly proficient and skilled people around the world. It allows you to access high-quality, up-to-date learning content comfortably while sitting in your own place. It can be accessed 24/7 to facilitate your employees to learn at their convenience time & their own pace.

iSuperLearner offers a broad selection of courses ranging from business topics such as Leadership and Management, Human Resources, Sales and Marketing, Customer Service, Accounting, and Finance to personal development topics. Courses are created using innovative technology and intricate design that are accessible by anyone from any device, anytime, anywhere.

iSuperLearner provides: –

Huge selection of video-based, professionality developed training courses
Short, engaging, robust, and learner-centric courses
Flexible learning
Ongoing access to training courses
Accelerate the training platform
Easily track learning progress
New courses added from time to time without extra charge

iSuperLearner keeps track of progress to let the learners know how they are doing with their training. On successful completion of each module, it provides points & badges to measure the success. It tracks and keeps a record of the courses in progress & completed courses. It also monitors real-time progress. It facilitates online groups & discussion forums and thus helps with sharing & receiving more ideas, enhancing creativity, mutual clarification of doubts & queries, getting more viewpoints & experiences-sharing about a subject & much more.

To find out how iSuperLearner can help you create a powerful learning culture and turn it into your competitive edge,

Let iSuperLearner help you to create a learning organization that drives growth.

Best Regards,
DhuMall E-Learning Team

Email: elearning.support@dhumall.com
Website: https://dhumall.com/isuperlearner

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Let’s Employ ChatGPT to Generate Innovative Ideas and Designs for Manufacturing Sustainable Products!

If businesspersons are interested to start a company and protect our environment at the same time, they need to produce sustainable products. Eco-friendly brands may introduce new products such as biodegradable plant-based phone cases, handmade paper from recycled cotton scraps, non-toxic cleaning products in refillable containers, reusable bamboo utensils with compostable packaging, solar-powered LED lights, etc. Nowadays, ChatGPT has become one of the most important AI tools for generating innovative ideas. So in this article, let’s explore ChatGPT-generated innovative designs for manufacturing various sustainable products. Under every heading, some design ideas generated through ChatGPT have been given for your reference. When you start manufacturing, you may follow these same ideas or create new ones on your own according to your needs and interests.

Sustainable home products

We need sustainable homes to protect our environment. Let’s use ChatGPT to generate innovative designs for sustainable home products such as solar panels, water harvesting systems, and eco-friendly insulation materials. With these products, we can create sustainable homes that are natural and more energy-efficient. The followings are some example ideas generated with ChatGPT.

Eco-friendly furniture made from recycled materials
Home energy audits to reduce consumption
Smart thermostats for energy-efficient heating/cooling
Solar panel installation and maintenance services
Water-saving showerheads and faucets

Sustainable beauty products

The present beauty industry keeps delivering environmental pollution with harsh chemicals and unsustainable packaging. Hence, we are on the urge to create sustainable beauty products made from natural and organic ingredients and they should be packed in environmentally friendly materials. We can use ChatGPT to generate designs for sustainable beauty products such as:

Cruelty-free and vegan makeup line
Herbal hair and scalp treatments
Organic skincare products with biodegradable packaging
Recyclable and refillable fragrance products
Shampoo bars and reusable makeup pads

Recycled products

Every company should keep looking for approaches to invent new technologies that can convert used products into usable recycled products. Recycled products will play a key role in reducing the amount of pollution they deliver. Here below are some ChatGPT-generated ideas to protect our environment with recycled products.

Reclaimed wood furniture for homes and offices
Recycled glassware and tableware
Recycled paper and stationery products
Recycled plastic lumber for construction
Upcycled fashion accessories from waste materials

Sustainable food products

Nowadays three phases of food-processing industries, food production, packaging, and shipping, are all undergoing a revolution in sustainability. If you want to start any new projects for dealing with sustainable food production, focus on utilizing our natural resources to generate new sustainable-friendly food products. Here below are some ChatGPT-generated ideas to nourish our world with sustainable food products.

Compostable and biodegradable food packaging
Organic and locally sourced grocery store
Plant-based meal delivery services
Regenerative agriculture and soil health services
Sustainable seafood and meat alternatives

Sustainable construction materials

Be a retailer or manufacturer, every entrepreneur should now start utilizing sustainable construction materials because our environment keeps being polluted with non-sustainable construction materials. So businesspersons strive to create energy-efficient green building materials to prove how they can contribute to protecting our planet. They consider the following ideas generated with ChatGPT.

Green building materials store
Modular and prefabricated eco-friendly homes
Rainwater harvesting and greywater systems
Sustainable insulation and roofing materials
Zero-waste construction sites and practices

Eco-friendly toys

If you are an entrepreneur with a passion for introducing novel toys that are environmentally responsible, you may focus on developing eco-friendly toys that teach the importance of sustainability with eco-friendly functions and features. Children playing with eco-friendly toys will become ready to create a new sustainable economy in the future. The followings are some example designs.

Biodegradable and compostable toy packaging
Educational toys and STEM kits made sustainably
Natural wooden toys without harmful chemicals
Toys that teach sustainability and environmental responsibility
Upcycled plastic toys and games

Sustainable interior designs

Interior designers have a great opportunity to decorate every home in the world with sustainable products. If you want to become a role model, use ChatGPT to generate innovative designs for manufacturing eco-friendly furniture and other decorative products to decorate residential as well as commercial buildings. Those who live in these homes will feel eco-friendly and become customers of sustainable products. Here below are some ChatGPT-generated ideas to decorate our homes with sustainable interior products.

Biophilic design and indoor greenery services
Energy-efficient lighting and fixtures
Smart home automation for energy conservation
Sustainable and recycled decor products
Zero-VOC and non-toxic paint services

Herbal Remedy Provider

Several herbal remedies can cure different ailments. Entrepreneurs should come forward to invent sustainable food supplements that can support naturally and sustainably. Pharmaceutical companies can also focus on inventing new sustainable to manufacture medicines from natural sources to make a sustainable impact. The followings are some of the best examples.

Herbal remedy kits and DIY workshops
Herbal teas and natural supplements for health
Holistic health and wellness consultations
Non-GMO and pesticide-free herb seeds
Organic and sustainable herb farming

17 UN Sustainable Development Goals

The above chat GPT-generated innovative designs align with the 17 UN Sustainable Development Goals. Eco-minded businesspersons should take on these design ideas to focus on the below 17 sustainable development goals created by the United Nations.

No Poverty
Zero Hunger
Good Health and Well-being
Quality Education
Gender Equality
Clean Water and Sanitation
Affordable and Clean Energy
Decent Work and Economic Growth
Industry, Innovation and Infrastructure
Reduced Inequality
Sustainable Cities and Communities
Responsible Consumption and Production
Climate Action
Life below Water
Life on Land
Peace and Justice Strong Institutions
Partnerships for the Goals

Conclusion

Eco-friendly production is essential for reducing the impact of human activities on the environment. As we have seen above, ChatGPT can generate innovative designs for manufacturing sustainable products in various sectors such as fashion, food, building, and beauty. Products or services based on sustainable development will create a positive change in our environment and strengthen the corporate world with new ideas.

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