Fashion Business Ideas in 2019

We have to admit that the fashion business is considered as one of the most profitable business yet it is a bit tricky. Why tricky? The reason why the fashion business is considered a tricky business is that you cannot predict which trend will be popular at the time. As you know, the fashion trend will come and go at different seasons. There will be times where yesterday’s or even old fashion will be re-introduced again. However, if you have confidence in making a great clothing line or other fashion items, then you can mark your place in the fashion world. If you want to know what kind of fashion business you can do in 2019, keep on reading this article.

Start Your Own Clothing Line

There is nothing can make you proud other than having your own clothing line. Although there are tons of competitors in the clothing line business, starting your own clothing line can earn you lots of profits. However, do keep in mind that you can expect an instant success because there are so many famous clothing lines out there. Not to mention if your clothing line is a new one. Even though it is hard if you want to start to make your appearance in the fashion world, then you can start by starting your own clothing line.

Shoe Line Business

The dressing is not complete without shoe wear. A dress is not complete without high-heels, a casual outfit is not complete without sneakers, an employee is not complete without wearing formal shoes. Luckily, starting your own shoe line business is not as hard as the clothing line business. If you are targeting high-end customers, then you can maximize the quality of the shoe. However, if you are targeting low and middle customers, you can maximize the quantity.

Belt Business

The next fashion business which you can start is by establishing belt manufacturing. Belts are fashion items which can be used in trousers, jeans, shorts, dress, and gowns. Because belts can be used both by men and women, the material of the belt varies from leather, fabric, rubber, wires, and beads. Although belts sound simple, yet once you can manufacture fashionable belts, you can gain lots of profits.

Handbags Business

Women love handbags. There is even a large market for handbags. Women from teenagers to elder love to buy handbags. Some of them even buy a new handbag every time it outs just to collect them. If you have confidence in designing handbags, you can start this business.

Male Underwear Business

One of your options in opening a fashion business is by manufacturing male underwear. Boxers, shorts, pants, or singlet are items searched by men. The important thing in this business is that you have to produce high-quality underwear so that the wearer can feel comfortable.

Those are the lists of fashion businesses which you can open in 2019. Fashion trends will always change from time to time, so you need to keep an eye and open your mind to every possibility. Choose one of those fashion businesses and good luck!

Mistakes in Property Investing Driven by Emotional Feeling

Mistakes are humane thing that sometimes cannot be avoided. However, mistakes are there for you to learn. Thus, you know how to avoid making the same mistakes.

In property business, making mistakes sometime is inevitable. However, smart investors always try hard to know more about them and find a way to avoid them. There are technical mistakes, but there are also mistakes caused by emotional feeling.

Several mistakes caused by emotional feeling when investing in property

Some people argue that those kind of mistakes are made mostly female investors. However, that is not true at all. Sure women are more vulnerable when it comes to emotion. However, men can also make the same mistakes.

Several mistakes caused by emotional feeling during your investing

Property investing is all about number and fact. Involving emotion in this business won’t do you any good. It could be worse if your emotion overrule your rational. However, sometimes human is so dependent on intuition and gut feeling. However, it often leads to poor-decision making when it is used in property investing and here are some examples of the mistakes caused by emotional feeling:

– First example of the mistakes is overpay for a property. When you are swayed by the sentiment mixed with too much optimism, it is easier for you to make rash decision and overpay a property you are going to buy. The chance is, you need more money to pay so you borrow more than what you can actually afford. Being in debt is tolerable but if it can be avoided then you should do it not to get it worse. Make sure to plan a strategy before buying any property and evaluate your budget thoroughly. Set a budget you are willing to pay for a property.

– Another common mistakes caused by emotional state is fear. There are various types of fear. Some people are fear of missing out opportunity in the market, others are fear of making mistakes itself. Fear is a good thing to some extent because then you are willing to count the risk and consider the weight of the investment. However, too much fear will only cause poor-decision making resulted in being impatience. Remember that there will always be another opportunity even if you missed one.

– Another example of mistake driven by emotional feeling is overbidding at auction. One of the most common places for investors to gather around is auction. It is where you will be in a prime environment with other desperate buyers. It is easy to get riled up and emotional resulted in overbidding. To avoid this mistake, make sure to set your limit beforehand.

– Another mistake in property investing driven by emotional feeling is attachment. When you are emotionally attach to something, it can cloud your judgment. If you think you are incapable of doing your task detachedly, you can seek independent advice. Thus, you will be able to plan objective strategy from unbiased point of view. This seems like a hassle to do but it is better than making costly mistakes.

Adding Value through Property Renovation

One of the reason property owners doing renovation is to add value to their investment. However, not all renovation can add value in reality.

It is often that investor making rash decision to do renovation just because they saw an ads on TV. This kind of behaviour won’t do you any good. In fact, it can cost you a lot and you will suffer from financial loss. Renovating sounds easy but it is not in reality. There are many factors should take into consideration before renovating your investment.

Remember that property business is about game number. Your action should calculated and estimated.

So, how to add value to your investment property by renovating?

How to renovating the investment property so it can add the extra values to it.

Renovating is good idea to add value to your investment property. However, there are many factors that can put your renovation into misery instead. Therefore, renovation doesn’t always bring you more money. So you need to know which things you need to do to renovate properly so it adds value to it.

It is highly recommended to not buy in a stagnant market or buy property when the market is falling. If you do renovation in this situation, it won’t add value to your investment property. Renovation is already hard to do during rising market.

If you do it in stagnant market, it could be worse and harder. Important point about doing renovation is the tenants. You should know renovation should fit what the tenant’s needs to add value.

It is also recommended to not over-capitalise.

Over-capitalising your property won’t add any value. Sure, you may add some functional features to the property. However, it won’t just automatically add the value if the improvements are not highly sought after.

For example, adding a pool to the property located in a neighbourhood where pool is not necessary or often used won’t add the value. Sure it adds new features to the property but it just means you should ask for premium rent which is hard to afford for them.

Another one recommendation is to do renovation to visible things.

If you renovate plumbing, electrical works, or wiring and internal infrastructure, don’t expect to add value to your property. They are part of necessity for your tenants. If they need a fix then you should fix it. For example, it is common to have leaky pipes in your property.

You need to fix them immediately and replace if necessary. However, it doesn’t you can obtain higher rental from doing it. Those kinds of renovations are part of service that tenants and potential buyers expect for.

Doing renovation should be planned thoroughly by clear estimation. Structural renovations like adding some extensions to the property may add significant value. However, big renovation project like this requires more time and money.

The process is also longer because you need to handle development approval, etc. it is highly suggested to do cosmetic renovation instead of structural ones if you expect for value to increase visibly.

Renovation is good move if you do it at the right property in the right location within the right market.

The Importance of Money to Start Property Investing

Investing in property is both promising and challenging. It is often that young people come and try investing in property just because they see how other can do it successfully. However, the success in property investing cannot be achieved in a day or two. It takes years before someone is successful in their property investing. However, it pays off once you reach your success in this business. One of the most influential factors in property investing is money. It cannot be denied that money is important for every type of business. To start investing in property, budget is essential. It is not only about the amount but also the flow.

The Importance of Money to Start Property Investing

How to treat your money in property investing

Property prices in most prices are skyrocketing. It means you need more money to start investing. It also means you need to be creative with your money. Setting up budget will be very helpful so that you can decide based on accurate estimation. The money you spend should be worth it and paid off. Here are things about money and property investing:

       If you try to save money by buying cheap properties then you need to reevaluate your plan. Buying cheap properties sound tempting and promising. However, it is not always good decision. Most of them are inferior products which need further repairs and touches. It means you will still spend your money to make it more valuable and increase the price. This type of property has less demand as well. On the other hand, you need to buy investment grade properties to invest in. it costs more but worth it.

       Starting property investment means you need proper fund. Where to get it and how much you need it are things you should consider. Money can be your weapon to start property investing. However, it can backfire if you don’t get and use it properly. Setting up your budget is essential so that you can choose the flow. You need to set how much you are willing to spend for a property. Remember that investment grade property is what you should buy if you want to invest properly.

       There are many unexpected things can happen when you start investing or during. Thus, you need to form steady financial setting with the right system. It is not always about how to spend money but also how to get more. If you choose rental property to invest in, it means you need to calculate properly of how much rent you are going to charge your tenants. You need to make thorough calculation for accurate estimation.

       Aside from setting the budget, you also need to synchronize your spending with the timing. Sometimes, it is best to wait and sometimes it is best not to. You need to synchronize your spending with the right timing. Therefore, the money you spend will be worth it. For example, it is better to wait a little longer until you can afford a superior property than hurriedly buy a secondary property.

 

The Importance of Action in Property Investing Business

In property investing business, there are many things to do before you achieve your success. It cannot be done in only a year or two before you succeed. Patience and self-discipline are important habit you should adapt during your days in managing your property investment. In addition, you need to take action instead of just busy planning here and there. Of course, planning and researching are important factor in property investing so that you won’t make wrong decision for your business. However, losing track of time in planning without taking action equals to failure.

How action affect your property investing

It is true that action speaks louder. Therefore, only affirmation won’t get you anywhere in property investing business. You will be left behind if you don’t take action and only rely on affirmation. Through action, you will get reaction. This is not just theory but fact. The type of action you do affect the type of reaction that sparks. Generally, action is needed in almost every aspect of life. You won’t fee full if you don’t eat. Just saying you are hungry won’t make foods appear in front of you. You need to go cooking or eat out at restaurant. Only then your hunger is satisfied. This is how action works and cause reaction.

Best action in property investing business

The right action to do in property investing is not the hurried one or unplanned one. Action is important but you still need to plan what kind of action you need to take. The key is, you need to stick with positive action. This type of action parallels to positive reaction. Taking positive action doesn’t guarantee you positive result. However, it has higher chance to cause positive reaction. Therefore, make sure to know what you are getting into before jump into any action in investing. For example, you cannot just buy a property just because your friend telling you it is cheap. The best action to do in this situation is not buying the property but taking your time researching about the property. After earning all needed information, you can decide whether or not the property is good to invest in.

Positive thoughts behind action

In taking your action, you need positive thoughts to help keep you motivated. This way, you have purpose of the action you are going to take. You have clean goal of what you want to achieve as the result of the action. For example, you need to know the reason why you choose to invest in residential property instead of commercial one. If you have more knowledge and better financial situation to invest in residential property, you should act upon it. If your aim is for comfortable retire and stable monthly, long term income, residential property rental is good for you. After finding out your own reason behind your decision, you have to take action. Only action drove by positive thought, enough knowledge, and strong will can cause positive reaction. So, what action you are going to take now to build your property business?

Things You Should Know before Renting to Family or Friends

Having someone familiar beside you is comforting and make you feel more secured. However, it is great idea to involve your family or friends in your business like property investing? The answer is it has bad and good points you need to take into consideration before making rash decision. One of the biggest hurdles is that drawing line between professional and business relationship. It is hard to maintain business relationship with someone you already know because you know them and familiar with them. However, it will be difficult to stick with familiarity based on personal acquaintance because then your business can go wrong. Your bias may backfire you.

Things You Should Know before Renting to Family or Friends

Good and bad sides of renting to family or friends

Renting out your property to tenants is how you make the business works. You cannot just let your property vacant in long period because you won’t get any income from that. However, there is also low season when tenants are hard to find. Just then, a family and friend are in need of home rental. Should you rent your property to them or is it bad decision?

  • Renting to friend or family means you already know and understand them of who they are, where they work, and their habit. Thus, it benefits you from deeper research about unknown tenants. It saves your time. It is even better when your family or friend also understand you, can pay rent on time every month, and take care of your property well just like their own home because they know how hard you work on it. However, the things can go wrong if your friend or family has bad habits such as late in payment or never clean the house. Thus, you still need to select which family or friend you can trust to rent to or else you will ruin your relationship, business, or both.
  • Next thing to consider is tenancy agreement under legal contract. Business is business. You need to do it legally or else you will face bigger and unresolved problem in the future. In case of renting to friend or family, it is easy to confirm and agree anything through handshake or casual talking. When problem arises in the future, your effort to talk out can result in ruined relationship or failed business. Thus, it is safer to stick to tenancy agreement before sealing the deal to rent to your family or friend, no matter how close you are to each other.
  • Things about renting to a family or friend is, it can give win-win solution to both parties. For example, when your property is vacant and your friend or family need a place to stay in then you can just rent it to them. They can take care of your property well. However, it is often that emotional connections affect the dynamic of your personal and professional relationship which can end badly. Thus, make sure to set out rules of engagement under legal premise for the sake of both parties.

 

Possible Mistakes Happen during Property Renovation

There is always risk when it comes to business included property investing. Most investors aim for higher profit and rental return by investing in property whether residential or commercial one. Renovation is one of ways you can increase the value of your property.

Getting to know the mistakes in property renovation you should avoid

You can do minor or major renovation according to your liking. However, renovation is a big deal. If you make mistake, especially to major renovation then you may suffer from huge lost. As the result, your property renovation ends up in disaster. The value of your property will be likely to decrease when your renovation project fails.

Mistakes in property renovation you should avoid

Mistakes happen anytime to anything. However, there are chances to avoid mistakes once you know more about them. In property renovation, there are also mistakes possibly happen even if you have planned everything perfectly. To avoid costly damage and disastrous damage, here are common mistakes you need to know in property renovation:

  • Rely more on DIY job instead of trusted contractor. Small renovation like minor fixtures here and there is possible for DIY. However, you need reliable and trusted contractor and professional if you have major renovation to your property. One of the reasons is limited budget. However, the cost you need to pay will be much bigger if you make mistakes during your major renovation. Paying a little bit extra to hire professional will be worth it. This can prevent you from losing much money.
  • Forget to set out plan and budgeting. This mistake is common and you can learn from it. Remember that planning is essential in any type of business. Without it, you cannot estimate your project well. By planning everything such as budget, labor, and materials, you have more precise estimation to your property renovation project. This can avoid you form failure costly damage.
  • Always include pool to renovation checklist. Most investors believe that adding pool to the property will automatically add the value. However, pool is hard to maintain which leads to excessive expense to your maintenance budget. Besides, it doesn’t always add the value to your property. Besides, you need to consider the neighborhood before adding pool because it is supposed to suit.
  • Blindly copy the ads. There are many ads of renovation that look interesting. However, not all of them are suitable with your property. Copying the trend of interior design is fine. However, make sure to choose point that will enhance your property and add its value. If you stubbornly do what the ads show without consideration, it might end up disastrously.
  • Too focus on choosing cheap appliances. Setting your budget is important in property renovation. However, doing everything on the cheap won’t get you anywhere either. Even if you are on budget, make sure to choose quality appliances. They are more durable for long term use. Thus, they are more appealing to tenants. You don’t have to buy the most expensive appliances. However, make sure to avoid nasty and cheap ones.

Finds A True Champ of Graphic Design Bali Services

While being a graphic designer can helps you to expressing your creativity, it can also be your own business since many of the businessmen are looking for it. If you are in Bali and needs to find the best services relates to the graphic designing field, I’ll let you know how you will finds one.

It is easy to find the graphic design services in Bali but at the same time, it may also be frustrated for some people especially the new businessmen that needs to build their brand, designing the product packages, preparing the better logo, and even more.

get the champ of graphic design services in Bali

Starting a new business is usually hard at first, especially when you will spend quite a lot of money at the beginning.

You will have to do that to make your first business launch getting success. And of all some investments your business will need, getting the better services in graphic design Bali can be considered important as well to impress the customers.

But, how the new businesses can get their better and affordable graphic design services in Bali?

As we all know that the new business is usually meets the budgeting issue since the first time getting it opened. Almost anywhere in the world will really applying the tight rules in spending the budget in a variety of possible ways, including when dealing with graphic design services that many may are usually thinking it can be so expensive.

We can’t only considering Bali as the world destination for tourism. If you are looking closer, it is also where the creative people are gathering. There are many artists over there and so with the business sectors. It is also a place to bring together the various products and services with their customers that are coming form various countries.

Bali is the island where the international market is happening everyday! So that, your business really needs to be prepared very well. You are no longer needs to think that the logo design is not important at all and any other results of design works.

If you can make the necessary designs yourself, then you can cut them all by finding the best services for that. It is better to investing your budget for the graphic design Bali works so later you can focusing your time and energy to build the business or solve the existing issues that are threatening your business or making solid of your team and others.

There are two things you will be requiring for the best graphic design works in Bali that benefits your business. They are looking for the professionals with various portfolio and find them in an agency!!!

Trust an agency to make your business graphic design works in Bali may sounds the elegant but not quite affordable way to do than finding the freelancers with also professional portfolio. But you can actually possible to take advantages more than what you will be paid for.

An agency is not only full of the professional teams but you will also be surprised that the cost won’t be as what you have been expected before. It is an investment for your business and the team will really understand that so they will really making the designs that are not only needed by your business but also helps the brands, increasing the identity, creative and many more.

I am done suggesting about the freelancers especially when you will doing it online and can’t visit the place of where they are actually working. For me, a visit means thousand purposes to talk about anything related that you may forgot by phone or e-mail. There should be a direct two-way communication to discussing anything in mind related to what the business is truly need in its correlation with graphic designing.

So that, never underestimates the place of work. Even if you are finding the freelancer, make sure that you can’t only give and get the contacts but you can also find his address and paying your visit someday.

By doing that, I am really curious about the agency that becomes your champ to finish all of your design graphic homeworks for your business in Bali.

The Right Way to Treat Your Property Investment

It is easy to invest in property. However, not everyone can treat their property investment right. That is the reasons why most investors don’t become successful. One of the reasons why people jump into property investing is to gain financial freedom, which is hard to get. Financial independence cannot be achieved in a day or two. It takes years to become a successful investor. To achieve success, you need to do everything systematically and thoroughly. Self-discipline and strong will are important in property investing. People also invest in property to work less and earn more. However, it is not as easy as it looks either.

How to treat your property investment?

Most successful investor rely more on strong financial discipline. It is easy to feel intimidated with already successful investors. However, it should be your motivation to do more. Of course, it is challenging to gain financial freedom through property investment. Here are things you can do to treat your property investment and make it valuable:

  • First things first, you should realize that the system of tax, finance, and law are essentials. That is why it is impossible to jump blindly in property investing without building the right system to manage it. Treating your property investment like a business is the right thing to do. This is how you treat your property investment. If you treat it like a business, you will automatically think of the system because a business cannot work without a system.
  • Next thing to do is related to your money. The right thing to do to the money you earn from property investment is not just to earn it, pay tax and spend what is left over. The right thing to do to your money from property investment is to earn income, spend money, and pay tax on what is left. You cannot just treat your property investment like a job. It is your business that you should manage. Handling the money you earn also influence on how far you gain your goals.
  • Remember that as business owner, you have advantage with before-tax-dollars unlike employee who only pays their needs with after-tax dollars.  That is why business owner often has more things they can afford to buy. This is why treating your property investment like a business impacts on your success as an investor.
  • However, it doesn’t mean you should just open conventional business because investing is investing. Owning a business is not easy either since there are some challenges you need to tackle down. However, treating your property investment like it is a real business will help you to adopt the right system. You also have different mindset which allow you to have good habits in handling your investment.
  • Knowing the right type of finance is important for your property investment. This can help you to set up the right ownership setting as well as asset protection structures. Treating your property investment like a business also means you do everything legally. Thus, your investment is more protected and secured.

How Airbnb Appeals to Both Property Owners and Guests

The door to renting out properties have been opened even wider for more people. This is thanks to none other than the emergence of Airbnb. A lot of property owners are going to branch out their property portfolio by starting an Airbnb business of their own. What makes Airbnb so popular?

Airbnb listing makes property renting accessible to everyone

The number one appeal of Airbnb business is that virtually anyone could be a renter. Airbnb’s primary appeal is their “unique experience” of living like a local.

Tourists going to your home areas have a certain expectation of living more authentically.

What makes Airbnb popular

By living in the residential area, people who come experience how it is to live in the neighborhood. This is a different experience compared to staying at a hotel, especially ones located in a highly touristy area.

Airbnb succeeds largely because of this novel concept of a commercial staying place.

The property market have changed because of Airbnb

In some places, governments have taken steps to regulate home rentals. This is something that the governments don’t have to do before the existence of Airbnb that makes rental homes more widespread than ever.

Airbnb is so much cheaper compared to conventional hotels

Hotel prices weren’t going down anytime soon as tourism is more rampant than ever. But this changed as Airbnb emerged. Prices become more competitive.

Airbnb has largely changed the game for many property owners looking to rent their real estates to tourists.

One night at a spacious family apartment can cost one night at a conventional five-hotel one bedroom or suite. Similarly, one bedroom rented through Airbnb can cost a fraction of the price of a one bedroom at a hotel.

This makes Airbnb perfect for backpackers.

Amenities that you can access at a more affordable price tag

Not many hotels provide you with access to kitchens. Especially not if you’re only renting the basic one bedroom suite. But this is not the case with Airbnb.

Since a lot of people are renting their very own house or apartments, a very important space—the kitchen—is often included as a part of the deal.

The existence of a kitchen in many, if not most, Airbnb rentals make traveling even more affordable. You’re not only limited to eating out or hotel food.

Nor are you forced to get a takeaway every time or eat a convenience store food.

Cooking is a part of the experience. This is extremely good news for the pocket. And for your health as well, if you enjoy some good, nutritious food. A lot of people spend their days cooking for themselves on a day to day basis whether by choice or by necessity.

By renting an Airbnb instead of the regular hotels or even hostels, guests have access to the kitchen for the duration of their stay.

This is an unexpectedly interesting appeal to guests. Backpackers often have Airbnb as one of their first go-to option for their accommodation. But lately, it’s been observed that small families love to rent rooms from Airbnb too.