Monday, 26 January 2015

Employees Old-age Benefit Pakistan - Pension Plan

Benefits/Pension
Under EOB Scheme, Insured Persons are entitled to avail benefit like, Old-Age Pension (on the event of retirement), Invalidity Pension (In case of permanent disability), Old-Age Grant (an Insured Person attained superannuation age, but does not posses the minimum threshold for pension) Survivor's Pension (in case an Insured Person is expired)

W.E.F. January 01, 2012 Federal Government is pleased to allow following revised rates of Pension  
Payment   to the Insured Persons and their survivors.
  • Minimum Pension has been enhanced from Rs. 3000 per month to Rs. 3600 per month.

  • Other pensions have been increased by 20%.

  • Additional pension equal to the pension allowed as per rules to the female child of a deceased insured person already in receipt of of pension after attaining the age 18 years till marriage.

  • Additional Pension to disabled child of the deceased insured persons already in receipt in pension after attaining the age of 18 till death.

Kind of Benefits/Pension:
  • Old-Age Pension
  • Survivor's Pension
  • Invalidity Pension
  • Old-Age Grants
Pension Formula:
          (Avg. monthly wages x No. of yrs of Insurable Employment)
                                                                     50
Pension Rates:
  • Minimum          RS. 3600/=
  • Maximum         As Per Formula

Monday, 19 January 2015

10 Ways You Didn’t Know You Could Make Money




10 Ways You Didn’t Know You Could Make Money

1.Gig Yourself Out

Can you write a catchy jingle? Translate Mandarin? Design a killer company logo? Figure out what you’re good at and put it up for sale on Fiverr. “We live in the gig-economy—especially the younger generation,” says Kyle Taylor, who blogs about cool ways to make money on ThePennyHoarder. “People are stringing together a lot of different gigs to make extra money with side jobs.”

The payout: Sellers on Fiverr offer unique services—everything from writing press releases and crafting poems to offering animal care and doing voiceover work—ranging anywhere from $5 to $500.

2. Become a Professional Friend

If you’re an affable guy that likes to meet new people, you can make some extra cheddar just by being friendly. RentAFriend is a strictly platonic “friends-for-hire” website that allows users to select a friend for an event, a tour around town, or an evening at the movies. The website has over 100,000 unique visitors a month and over 2,000 paid members who browse the site looking for some good, old-fashioned companionship.

The payout: Some friends charge up to $150 for an hour, but the average hourly rate is $20 to $50. According to RentAFriend, if you work part time—3 days a week—and charge $20 per hour, you can make an additional $1900 per month.

3. Turn Your Car into a Billboard

If your daily commute is a complete drag, turn it into a money-making operation. Companies such as Adz in Motion and Free Car Media will pay you for displaying ads on your car. But Taylor warns that these companies are extremely selective about who they work with. They choose based on the make and model of the vehicle, as well as the driver’s geographic location. There are also several car-wrapping scams out there, so do your research to find a legitimate service before you commit to anything.

The payout: If you do get selected to participate, you could earn as much as $400-$500 per month. Some smaller campaigns that include a simple decal instead of a full wrap can earn you $50 per month.

4. Download Apps

It doesn’t get much easier than this: Just download a few apps, let them sit on your smartphone, and watch the money roll in. Taylor says installing Media Insiders Panel and Google Screenwise can add up to a couple hundred bucks each year. “These are mobile apps that run in the background on your phone,” he says. “They don’t track calls, but they do provide data to Google and other companies about how long you stay on websites and how often you’re using Facebook to help them make better marketing decisions.” Although it’s not NSA-caliber spying, users who download these apps do need to be comfortable giving up their data to companies for market research purposes.

The payout: If you install Google Screenwise on your computer, smartphone and tablet, you’ll be offered an $8 first-week incentive, plus $2 every week for staying with the program. Using the Media Insiders Panel will earn you up to $15 each month from Tango Card. Rewards for these programs come in the form of gift cards, but installing both apps can earn you $295 in rewards per year.

5. Rent Your Space

If you have an extra parking spot in your driveway or a big empty basement in your house, you can rent out your space to make ends meet. Websites such as StoreAtMyHouse and ParkAtMyHouse allow you to advertise your unused space online and attract renters. Parking spaces can be especially lucrative if you live near a sports stadium or a commuter rail line. Or, if you have an extra room in your house or an apartment above your garage, put it up on Airbnb to attract out-of-towners looking for a place to stay.

The payout: It depends on what you’re renting out and where you’re located. For prime driveway or parking space, you can make up to $200 per month. Average listings for attic or basement space on StoreAtMyHouse range from $50 to $200 per month. Airbnb rentals can go from $40 a night for a room rental to upwards of $1,500 a night for a luxury home.

6. Participate in a Mock Jury

Can’t get enough of Law & Order? Get in on the action. These fake trials help lawyers test out arguments or reach settlement agreements before real cases go before a judge. You can find opportunities online, but “the ones where you go to a lawyer’s office usually pay better,” Taylor says. “They sit you in a room with 10 to 12 other people and they give you an abbreviated version of a case that may or may not come to trial. Then, like a real jury, you deliberate and come to a decision.” Before you’re selected to participate in a mock trial, you’ll be asked several demographic questions, since law offices are often looking for a diverse pool of people.

The payout: Online mock jury trials could pay as low as $10 per trial or up to $50 per trial. However, a trip to your local law office could net you around $100 for a few hours—plus free lunch. (Score!)

7. Be a Gym Rat

If you can’t go a day without pumping iron, download GymPact app (free for iOS and GooglePlay). Each week, you make a pledge for how much you’ll work out. You’ll also be required to state how much you’re willing to pay if you don’t keep your pact. As long as you achieve the goal you set, you’ll earn real cash from other members who didn’t meet their weekly resolutions. GymPact uses GPS, photos, and other services to keep you honest so you can’t lie about your progress. If you already hit the gym on a regular schedule and rarely miss a day, why not earn some extra funds for your effort?

The payout: Rewards generally range from 30 cents to $5 per week depending on the number of activities you commit and the number of users who don’t complete their pacts. Once your rewards total $10, you can withdraw those funds to your PayPal account.

8. Name a Company

Are you a wordsmith that can come up with catchy names and slogans? You might as well be creative for cash. NamingForce is a website where new companies or products solicit users for name suggestions. Anyone can submit ideas, based on a short description provided by the company. “The cool thing about this is you can submit as many names as possible,” says Taylor. “Some of the larger companies provide bigger prizes that could go up to the thousands of dollars.”

9. Review Music

If you’re always hungry to find new tunes, you could get paid to listen to music clips through SlicethePie. Music fans can sign up, listen to 90-second sound clips, and write short reviews to help bands and marketers gain insightful feedback. The quality of your review and how often you submit evaluations will determine how much you get paid.

The payout: New critics often start out receiving just 2 cents per review, but as your rank improves and you become more active in the community, you can easily climb up to 20 cents each time out. Once your account reaches $10, you can withdraw the cash to a Paypal account.

10. Resell Cardboard Boxes

The United States Census Bureau estimates that about 50 million Americans move each year—so think about all of the cardboard boxes that wind up in landfills. You could actually turn those empty boxes into bucks by reselling them through websites like BoxCycle. All boxes need to be in good condition, with their structure intact. If you’re feeling ambitious, call local stores to see if you can take their extra cardboard boxes away, or look for free box listings on Craigslist.

The payout: The bigger the box, the more it’s usually worth. Most companies will pay anywhere between 50 cents and $2 per box. If you manage to move a few hundred boxes each month, it could mean a decent profit—especially if you get the boxes for free.

Sunday, 18 January 2015

Gold Rates Pakistan

Gold Rates Pakistan

(Converted from International Rate)
(Update and associate with international Gold trading)
Karachi [Gold 24K per 10 Grams] Rs. 42,295.43
Karachi [Gold 24K per Tola] Rs. 49,281.02
Karachi [Gold 22K per 10 Grams] Rs. 38,770.81
Karachi [Gold 22K per Tola] Rs. 45,174.27
Pakistan Gold Rates (by: Karachi Saraf Jewelers Association)
 [Gold 24K per 10 Grams] Rs. 41,228.00
 [Gold 24K per Tola] Rs. 48,100.00
 [Gold 22K per 10 Grams] Rs. 37,792.00
 [Gold 22K per Tola] Rs. 44,091.67
 [Silver per 10 Grams] Rs. 591.42

Pakistan Open Market Forex Rates [January 19 2015]

Pakistan Open Market Forex Rates [January 19 2015]
CurrencySymbolBuyingSelling
 U.S. DollarUSD101.30101.55
 Euro EUR116.75117.00
 British Pound GBP153.10153.35
 UAE Dirham AED27.5527.80
 Saudi RiyalSAR26.8527.10
 Kuwaiti DinarKWD342.00342.25
 Canadian Dollar CAD84.0084.25
 Australian Dollar AUD82.7583.00
 Omani RiyalOMR261.25261.50
 Japanese YenJPY0.830.94
 Malaysian RinggitMYR28.0028.25
 Qatari RiyalQAR27.4027.65
 Bahrain DinarBHD266.85267.10
 Thai BhatTHB3.073.08
 Chinese Yuan CNY16.1016.20
 Hong Kong Dollar HKD12.9012.95
 Danish Krone DKK15.6015.75
 New Zealand DollarNZD77.7578.00
 Singapore DollarSGD75.7576.00
 Norwegians KroneNOK13.0513.20
 Swedish Krona SEK12.2512.40
 Swiss Franc CHF98.5098.75
 Indian RupeeINR1.611.62

Wednesday, 14 January 2015

EXPORT - IMPORT WITHOUT INVESTMENT



EXPORT - IMPORT
WITHOUT INVESTMENT

There is a technique that you can use to operate an Import-Export business without making any direct investment in products. This technique is sometimes referred to as "GHOSTING." You can also refer to it as "Exporting or Importing Without Investment." Here is how this type of import-export business can be operated:
1. Find a world importer who is interested in buying a product. This can be done by using either by subscribing to the online "Trade Leads" service Export Leads will supply you with up to 10,000 exclusive new importer/buyer leads in a one year subscription.  That's 10,000 buyer - sales leads per year and now it is all Online which means you have 24 hour access to a database from any Internet connection in the world!
2. Identify a source of supply (exporter), either U.S. or foreign, for the product the importer is seeking to buy. Most libraries have directories of U.S. manufacturers listing the specific products. Using a service like the Import-Export Buy/Sell Exchange can help you locate hundreds, if not thousands, of worldwide manufacturers that are seeking buyers (or agents to help them find new buyers).
3. Contact the seller (exporter) of the product, request a firm price quotation for the exact product that is being sought. Make sure the quote is in total accordance with the quotation request from the foreign or domestic buyer.
4. Prepare your price quotation on your printed letterhead to send to the potential buyer. Add a commission of 5% to 15% to the prices that were originally quoted to you. Inform the buyer to issue an irrevocable letter of credit (LOC) if he accepts your price quotation. Special note: if you are quoting from a foreign supplier to sell to a foreign buyer, request the buyer issue a irrevocable (Transferable or assignable) LOC. This allows you to keep your commission and assign or transfer the remainder to the supplier once the specifications within the LOC have been met.
5. It is best to arrange with a bank that works with international LOC's prior to sending your quotation. Should you receive the LOC prior to making the arrangements, take it to the bank and they will assist you. Ask them to issue a back-to-back LOC to cover your purchase of the items you plan to buy on behalf of your buyer. Here again you may use the assignable or transferable aspects of these particular types of LOC's.
6. You may also use a international freight forwarder in regards to the international LOC in addition to having them handle all the details associated with the shipping of the products to your buyer.
7. Present your letter of credit to the seller, once they have met the specifications of the LOC to the letter, they will be paid for the goods and the international freight forwarder will ship the goods.
8. Following these steps you have arranged an import-export business transaction without any investment or taking possession of any products. "Ghosting" is also referred to as "indirect exporting", which is a perfectly ethical and legally acceptable way of doing business internationally. By working within these guide lines you can profit as many others are now doing.

Thursday, 1 January 2015

Surefire sales tips to boost your revenue

Event Sales Tips by Simon Naudi of Answers Training
Simon Naudi of Answers Training
Earlier this year, The Irish Event Organisers Association (IEOA) provided sales training for its business clients and associates at The RDS in Dublin during an Exhibition Open Day. They enlisted the help of a very entertaining Master of Event Sales : Simon Naudi of Answers Training and he delivered some very common sense , concise and pertinent tips for improving your sales techniques and sales straining  via this Open Day Slide presentation .
I include a handful of key takeaways from his presentation in the first half of this post alongside my own thoughts in the 2nd half.  These are essential sales pointers for your checklist when planning any event.

# 1. Define your objectives

What do You want to Accomplish at the Event?
  • Market research?
  • Push permission marketing with data capture?
  • Increase sales?
  • Launch a new product?
  • Strengthen and renew relationships with existing clients?
  • Improving brand awareness, PR and presence?
Not sure ? Here’s a  few tips:

# 2. Refer to sales data and customer feedback to direct your event objectives:

  • Trends & Direction: What direction are your sales trends heading? Do you need to reverse, reign-in or reinforce them?
  • Reinforcement: Are you looking to reinforce what you already do: improve repeat custom, spend per customer and loyalty for example?
  • Feedback: Do your Frontline staff and Customer Surveys point to weaknesses and opportunities in your offering that need to be addressed at this event? Is there new product or service they are crying out for or a gap in their understanding of your products?

# 3. Translate your objectives into event operations on the ground

What is the main Call to Action at your event?  Ask yourself:  Are you showcasing what’s new or providing a solution to an existing problem? All these objectives change the way your sales team should behave. They affect the design and operational resources you need to focus on during the event.
  • Launching a new product? Are you providing opportunities for product testing & experiential moments that let them assess the product ? Have you enough samples in time for the event?
  • Brand Awareness? Do you need a large noticeable Presence? If so, increase your displays’ prominence using eye tracking research,  go for strong impact and drive curiosity.
  • Capturing Data? Do you need to Meet lots of new people in a short space of time or enlist more subscribers?
    1. Reward passing trade with an easy to spot incentive.
    2. There are Devices you can hire to scan in Badge Bar-codes to save you time taking down information.
    3. Alternatively keep the more involved lengthy Sales Schpiel as a follow up conversation post event.
    4. Don’t focus on Corporate hospitality in this case as its time wasting.
  • Market Research? Are you looking to Reinforce relationships whilst Networking with key target clients. Do you need to take Orders on-site? You should allow for more Corporate Hospitality that encourages clients to stay awhile such as:
    1. welcoming space
    2. alcoved areas
    3. refreshments
    4. time to accommodate involved meetings.
Regardless of the key aims of your event-based promotion ensure you are staffed sufficiently to allow each sales person time and  accessibility to key clients requiring attention.

# 4. Refine your event sales objectives into measurable goals

Specific measurable objectives are easier for sales teams to follow. Like any sales and marketing activity, justify your investment with metrics that can form clear measurable goals.
For example :
  • How many leads  /  direct sales enquiries  /  appointments  do you want by the end of the day?
  • How many new subscribers do you want from which market segments?
  • Who are the top ten clients you want to visit your stand / event?
  • What is the average order value you wish to secure during their visit.
  • What do  the visitors and delegates  aim to do most at these events? Do they want to be kept  up to date, research new ideas, new products? This determines how you spend money on space you have. Research the audience to understand who will be visiting the show and why.
  • Have you profiled the key target customers for your team need home in on? What demographic / professional profile do they need to aim for.

# 5. Clarify & communicate sales method and targets clearly

  • A Smaller number of focused objectives is better than a long to do list. It means your sales team can focus and you can track them more effectively.
  • Revenue based targets are better than body counts. Actual inbound leads are more important than mere visitor numbers logged at your event or stand.
  • Brief the team well pre-event:
    1. Allocate clear roles.
    2. Educate the whole organisation including backroom & office staff so they are aware of the activities at the event and play a supporting role in their own capacity.
    3. Brief the Team daily at the start of each day if your event occurs over a number of days.
    4. Ensure your team has the right Elevator Pitch when meeting new prospects at the event.
    5. Ensure your team has the right set of questions that need to be asked and the ability to answer FAQs

event planning

# 6. Use the event organiser & venue’s complimentary publicity channels

If you are a exhibiting in a larger event that is not your own, be sure to contribute to the collective pre-event buzz by providing exciting promotional content to the event organisers or the venue management. It is in your own self-interest to piggy back as much as possible on their marketing machine especially if the services are of mutual benefit and provided  free of charge.
In short, make it easy for your event organiser to promote  you to the show audience in advance of the event.

Provide your Event organiser with useful info Pre-Event:

  • A portfolio of good Images: be they logos, hi-resolution product shots or good profile shots of participants if  selling a service.
  • Well written copy and press releases ready to go with any photos submitted: All these can be put together as blogs, newsletters or trade press features / advertorial.
  • Guest blogs on their website: Have you a good bio, expertise to share, or a human interest story about the company, its team members, or interesting historical facts to provide? This must be linked to your website. Anyone prominent at your organisation up for an interview?
  • Sales promotions including discount codes, coupons or free gifts, lucky draws to redeem at the event. Ask the Organiser to includes this in their direct newsletter marketing as well as the catalogue listings both printed & online.
  • Don’t fail the deadlines for the organiser’s show Catalogue  or any other PR opportunities if there is one.
A great spin off:
Your website could be getting links back through your pre- event promotions , especially if your pics, press releases and blogs are channelled via an events organiser’s website, social media channels and trade press contacts. If it is your own event – make sure you  get mentioned via  associated trade event listings.

# 7. Use ALL the publicity channels you have to promote your presence pre-event

There’s no point organising a party if you don’t invite your friends. I am still amazed at the number of people who pay to exhibit at trade events or invest their time presenting or sponsoring at conferences, yet don’t bother to invite their contact lists and encourage all their prospective clients  to see them there.
You should be advertising your presence in advance using:
  • A Call to action on your website and digital marketing channels, with a direct link to register attendance.
  • Pre show mailers and incentives via mail Newsletter or Direct Mail to your customer base and subscribers.
  • Front desk customer service and retail sites if any should be handing out invites to relevant target customers.
  • Generate blogs and press releases that will attract relevant media attention.
If you are working in a B2B environment:
  • Sales field reps and in house sales team should be calling key clients to invite them.
  • Ensure the sales team has lined up appointments with key clients prior to the show. These will be more valuable face to face encounters than if it were a chance meeting.
  • Piggyback a link to your next event at the bottom of every email signature or scheduled post from Accounts
Depending on the event organiser alone for promotion is not sufficient.
WHY?
  • Your Competition will.  If your competitor has the initiative to personally invite the same target visitors  ahead of you, their stand will be a more likely destination especially if they include personalised sales promotions.
  • It helps Overall Footfall. The event organiser may not have access to the same contact list you have and it will benefit the footfall numbers at your stand.
  • Target Better.  You have a better sense of the exact target Client you want at your stand than the organiser does
  • Preview and Entice. Provide prospective visitors with a preview of your product, tease them with a sales promotion or give advertise  reward to claim  at your event.  Make your location their destination at the event.

# 8. Use social media to generate pre-event buzz

Events and social media have a lot in common – they involve engaging people, interacting in real time and starting conversations. It makes perfect sense to utilize all your social media channels pre event when generating some buzz around the big day.
Here’s a few tips:

Think of the extra content, that preparing for an event can add to your social media publishing calender.

  • Post updates showing preparations for the event. Drop in with pics and designs showing the construction process  of your stand design , stage etc.. tell your story leading up to the show.
  • Start up an online countdown calendar to build the tension with a new story everyday showing your journey and the mishaps, funny moments, etc..
  • Crowdsource design ideas pre event: Why not go one step further and get your audience to help you design your  presence at the event?
  • Get Pre-event Feedback:  Use online surveys and polls on Facebook or your own blog to engage your potential audience. For example:
    1. What kind of  promotional offers,  product info, or special treatment would they like to have at the event?
    2. What kind of Questions or topics do the need addressed at the Conference / Seminar ?
  • Gamify the Experience: Gamify the build-up to an event by incentivizing potential visitors to spread the word and reward them with pre event offers, prize draws and exclusive promotions at your event

Be part of the larger conversation if you are attending an industry event or conference

  • Make sure you use the Event Twitter Hashtag when advertising  to dip into the larger conversation before the big day.
  • Engage and pre-network with delegates /trade show attendees by maximising the event organiser’s social media channels. For example :
    1. Make sure you make your presence known on the event Facebook profile.
    2. Cross-promote announcements, website links, photos,and videos from the event organiser

Resources

# 9. Keep an eye on competition at events

Be aware of what your closest competition may be up to if they are showcasing in the same event

  • Where will they be positioned?  Does it makes sense to be displaying your products nearby or far away? Being nearby means you can keep an eye on what they are doing and possibly speak to the same people who meet them at the event.
  • What advertising and promotional incentives have they been activating?

If your competition is organising a competing event / conference / seminar,  at another venue:

  • Make sure the dates don’t clash
  • Ask if you are duplicating what they have already done and if so, will this make the content pointless to would-be delegates who have heard it all before?
  • What are you offering that is different, more valuable and with a superior USP?

# 10. Leverage partnerships to improve your sales potential at events

Are you working closely with important partners and stakeholders that may enhance your sales activities at an event?
For example
  • You could be cross-promoting with a favoured supplier also showcasing at the same event.
  • Would your suppliers provide you with extra trade marketing material and stand display props that may save your the cost of constructing them yourself?
  • Adjacent Positioning: If exhibiting in a larger industry event , it would be worthwhile to position yourself next to companies that service similar target buyers. For example:
    1. If selling Children’s bedlinen, you may want to position next to the manufacturer of Children’s nursery products.
    2. If promoting AV Equipment , you may want to position next to a Gaming software company.
  • Product placement and Contra Arrangments: Offer your products to someone who may need them elsewhere in the event on the basis you are allowed to label your products and get referrals. For example:  if selling lounge furniture, offer some display samples for use in  lounge areas within other prominent stands or to the Exhibition organiser.