Finance expert Mike Periu on how a dynamic pricing strategy can backfire for online retailers. According to pricing strategy consultant Rafi Mohammed, the dynamic pricing model implemented by online retailers this Christmas season is likely to fail in the long-term. Dynamic pricing, which is price changes in real time depending on demand, is what airlines use to set prices for tickets. In that industry, consumers are willing to accept fluctuations in price because they can understand that … [Read more...]
Mortgage Applications Fall Significantly Despite Low Rates
Even though interest rates are at an all-time low, finance expert Mike Periu explains why that the number of Mortgage Applications Fall. Mortgage rates continue to be at extremely low levels. After taking inflation into account, the cost of borrowing money is almost zero, making it an opportune time to finance the purchase of a home or refinance a mortgage. Despite this situation, Mortgage Applications Fall were 12.8 percent down last week according to the Mortgage Bankers Association. Lenders … [Read more...]
Delaying Annuity Payments Significantly Increases Earnings
Finance expert Mike Periu on how delaying annuity payments, even by just one year, can significantly increase your income during retirement. A key concern for many small-business owners is running out of money during retirement. The Society of Actuaries, the Urban Institute and the Women’s Institute for a Secure Retirement undertook a study that analyzed this issue. The study shows that making a few key decisions in time can help prevent the nightmare of running out of money when you can no … [Read more...]
Small Banks Face New Risks in 2013
Finance expert Mike Periu on the upcoming profitability challenges small banks will face in 2013. Small banks—those with less than $10 billion in assets—tend to outperform larger banks when it comes to customer service and personal attention. But they also face greater risks in the current economic environment: Quality loan demand is weak; net interest margins - the difference between what a bank pays depositors and what it makes on loans—are low; new regulations increase costs and limit … [Read more...]
As Cash Deposits Hit Record, Lending Stays Flat
Although Cash Deposits Hit Record, in banks are at an all-time high, finance expert Mike Periu explains why lending remains flat. According to the most recent data released by the Federal Reserve, the banking sector in the U.S. is out of balance. For every $1 that banks hold in deposits from consumers and businesses, they try to lend out 95 cents. Right now, the industry is lending about 78 cents for every dollar in deposits. This is happening for several reasons. First, companies (and to a … [Read more...]
Who Do You Trust More: Accountants or Bankers?
Finance expert Mike Periu on a recent survey that reveals whether accountants or bankers are more trusted financial advisors for small-business owners. Small-business owners need expert advice to grow their businesses. When it comes time to make an important strategic or financial decision, who do you turn to for the best advice? Sage Omnibus recently conducted a survey asking 1,000 small-business owners who they confide in for advice. Fifty percent believe that accountants provide the best … [Read more...]
2013 Financial Resolutions for Your Business
Finance expert Mike Periu on the three business Financial Resolutions chief financial officers should make for the coming new year. John Calia, partner at strategic advisory firm SCA Group, recommends three New Year’s financial resolutions for chief financial officers or those running your business’ finances. 1. Hold cash. It's more important than ever to maintain a significant cash position to shield against 2013 uncertainty. European insolvency, Middle East unrest, the fiscal cliff and its … [Read more...]
Save Money on Small Business Travel
Finance expert Mike Periu shares money-saving tips for Small Business Travel that may help close deals. As we prepare for 2013, it's important for business owners to acknowledge that face-to-face meetings can't be replaced with technology when its comes to closing a large deal. Traveling to meet clients and potential clients is far more expensive than a Skype or GoToMeeting conference, but it's certainly possible to minimize the travel cost and still achieve your main goal—closing the … [Read more...]
What You Can Expect With Coupon Marketing in 2013
Finance expert Mike Periu on key changes to expect with coupon marketing strategies in 2013. Shashi Bellamkonda, the “Social Media Swami” at Web.com has been following the coupon industry for years and expects several important trends to emerge during 2013 in coupon marketing: More localized deals. The key challenge for the coupon industry in 2013 will be expanding the network of both end users and merchants. Reaching deeper into specific verticals and targeting more local companies will be … [Read more...]
New Fiscal Cliff Compromises Signal Steps Towards Deal
Finance expert Mike Periu on the latest negotiations to avoid the new fiscal cliff. Monday proved to be an important day in the fiscal cliff negotiations. Both President Obama and Speaker Boehner made important concessions to their positions in the hopes of striking a deal. On which taxpayers should see an increase in tax rates, President Obama was firmly set on making $250,000 in annual income the cutoff which Speaker Boehner was firmly against an increase in marginal tax rates. Then the … [Read more...]
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