Counterfeit Mobile Accessories Increasing in Number
Jakarta, Indonesia The government of Indonesia has admitted to have loopholes in its security. The demographic location of the country makes it hard for the authority to seal and guard more than 17,000 islands from fraudsters who are illegally transporting fake products in and out of the country. Counterfeit medicines, illegal drugs and gadgets have the highest number of fakes. The latter of which have been too dominant and mainstream that it can be found in the streets of the suburbs of the capital, lined side by side on the pavement, with policemen seemingly oblivious of the haggle of the vendors and passersby. It has already been an accepted fact in the country to have those kinds of products scattered around and the authorities neither tolerate nor discourage the people anymore.
Warnings continue to be carried on, though, by international organizations. Along with legitimate manufacturing companies, raids are being operated and thousands of fraudsters have been caught red handed.
The Peterson Group, a Taiwan-based company which distribute mobile phone accessories and laptop accessories across Asia noted that the international commerce sector has tightened their licensing programs and inspection process to carry out more operations and jail few more thousands fraudsters.
In Singapore, two men were arrested last August 21 for their suspected involvement in the wholesale distribution of counterfeit mobile phone accessories. The Criminal Investigation Department (CID) has arrested men aged 24 and 53 who refused to give their names in the media. In total, about 76,200 pieces of trademark-infringing accessories such as phone casings, batteries, power banks, screen protectors, headphones, Bluetooth receivers, speakers and power adapters – with an estimated street value of about S$941,000 – were seized.
The authorities are considering taking serious views on intellectual property rights for the infringement and will not hesitate in punishing the two if found guilty. The problem though is that both of them do not want to divulge the other members of their party who deal with them in selling counterfeited accessories. Investigations are still ongoing.
A key way of ensuring safety and quality is to only buy mobile phone accessories from a registered manufacturer and trusted retailer and having confidence that those accessories are genuine and have been tested to ensure they are safe for users, which includes testing to ensure they meet national and international standards.
Consumers are advised to be more cautious of buying these products as it can be harmful and dangerous after few times of usage.
Get Business Website eCommerce Tips
Naturally, there are many components that come into play when you’re addressing with developing and then maintaining a strong traffic flow to your business website. Principal amongst these considerations is acquiring the trust of potential purchasers or clients when it comes to your how they view your website. I’ll provide you with an overview of tactics and strategies that you can apply when it comes to acquiring the trust of potential customers or clients for your eCommerce website.
Prepare and Design an Attractive Site
Among the most crucial steps that you’ll need to take in order to acquire the trust of potential purchasers or clients is to assure that your eCommerce website is appealing. Consumers of course are more disposed to put their trust in an eCommerce website that’s professional in its visual aspect. Business is lost each and every day in cyberspace attributable the unprofessional appearance of some eCommerce business websites
Recommendations can be Valuable and Helpful
Another method that you are able to employ to instill confidence and to gain the trust of potential customers or clients is the inclusion of testimonials from satisfied purchasers or clients at your eCommerce website. Past performance frequently is the best indication of future performance. Consequently, including testimonials from satisfied clients or customers at your eCommerce website, you’ll be taking an important and meaningful step in acquiring the confidence of future customers or clients. Encourage clients to leave feedback and have a specific way or place for them to do so on your business website.
List Associations at Your Website
If you are part of any association or establishment, you should include those affiliations at your site. For instance, if your business is part of a Chamber of Commerce or some kind of accredited Internet organization or association, you would be well served by listing this information at your eCommerce website.
“Contact Us” – Be Sure The Clients Actually Can
All over many eCommerce website you can see links to a “contact us” at the site. However, it’s surprising how often these “contact us” devices, links or pages don’t work correctly. You need to make certain that any mechanism that you are using to permit for contact between a prospective customer or client and your eCommerce website really works. You need to make certain that the “contact us” mechanism is user friendly – that a consumer doesn’t have to jump through hoops to connect with you. Finally, you need to make sure that when a potential customer or client makes contact with you that you respond in a punctual manner. This will help to foster a sense of trust between a potential customer or client and your eCommerce website.
[Top]Key factors that affect the success of an M&A
The cost of capital is low and your company made it through the recession. Now may seem like a good time to buy but youre scared off by the high business mergers and acquisitions failure rate. Studies conducted in the late 1900s and early 2000s show that M&A failure rate hovered around 70%.
However, recent results project an upward trend. According to Bain & Co, only 30% of M&As underperform, down from 50% of previous years. While the science of predicting the success (or failure) of M&A may seem hypothetical, there seem to be factors that hinder or help M&A.
Integration program
Budgets and people dont integrate themselves. Before the deal closes, its important to have a detailed integration plan that covers all facets of the organization. Moreover, first steps towards integration should be taken before the ink dries. Combining synergies on paper is easier than doing so in practice, but cultivating and maintaining processes should smooth the transition.
Target sighting and metrics
M&As with synergy targets and metrics in place have a better chance at succeeding. Collecting, analyzing, and presenting data on a regular basis lets the board know if the unit is growing according to plan or if actions need to be taken to correct missteps, should growth plateau or slow.
Maintaining business intelligence
Loss of key people has a definite impact on the future performance of the merged entity. Its important that new organizational structure and leadership is set early in the integration process to prevent business intelligence from literally walking out the door.
Protect your base business
While its important to have a smooth transition process, getting work done should still be top priority. Management shouldnt be distracted by M&A activity. They should be vigilant against competitors who may try to take advantage of the flurry of activity and present a unified front to customers despite gaps in the integration.
Lack of due diligence
Performing proper due diligence can unearth factors such as pending law suits, outstanding tax debt, and extreme vulnerability to litigation that can dissuade a potential buyer. A thorough background check can protect your base business and can save you time and money.
Relative Size
A significant difference in size between the acquiring and target company has been found to be a factor in poor acquisition performance. M&A can flounder if the divested company is too large to manage or if smaller acquisitions dont receive the time and attention they required.
Cultural Differences
Salient differences in corporate culture is another factor that can hamper the chance for success. When a company is acquired, the decision is typically based on product or market synergies, “soft factors” that can be overlooked with the assumption that personnel issues can be overcome. While cherished aspects of a work environment may seem petty compared to the bottom line, their removal may result in resentment, productivity decrease and loss of key employees.
Business Merger and Acquisition Experience
While previous M&A experience is not a necessary requirement for success, it does help when detecting red flags and creating and implementing a better integration plan. If this is your first M&A, seek the advise of expertise of knowledgable professionals.
Proformative.com is a free, open and independent community of corporate finance, accounting, treasury and related professionals that offers a wealth of expert advice, information and accounting resources . Finance forums like Proformative allow you to learn about M&A and other relevant issues important to finance, accounting, and treasury experts.
[Top]Helpful Tips for Making a Good E-Commerce Website
E-Commerce is the buying and selling of goods and services over the electronic medium like Internet. This is not just all but it has involved so many other major tasks like supply chain management, electronic fund transfer, Internet marketing etc. Having an e commerce web site is not enough these days, but a good, comfortable and amazingly functional website is required. It should appeal to the potential customers only then they would come to the website and make purchases. If even once you fail to provide them good user experience, you will lose the business. As there are hundred of websites available on Internet. There are plenty of choices available to the customers to select the best suitable for themselves. Following are few tips so that you can make your e commerce website a success:
Let the users to explore and do not ask for registration first: Asking the readers to register first and then providing them with the facility of adding items in their cart is probably the major step where you can lose your customers. Allow the readers to explore all the information which he wants to have. Like by adding items, he might be checking the total amount or the transportation fee etc.
Informing the readers where they are: There should be proper headings, sub headings so that if the readers is exploring in the store in more than one sub level of navigation, he can easily come back to his previous position through some kinds of indication like (Home> one category> another category> product etc. )
Do not show unnecessary details unless asked: Simple things are always easy to perceive in the human mind where as we confuse ourselves and even others by giving out unnecessary long details about the product So, the tip is to keep the short basic information about the product as the standard feature of the product and there should always be an option for “looking into more details” if users want to go into.
Give the best visual experience of the product to the readers: The Audio visual aids work many times more than the simple text about the product. Since the readers are not able to touch the product or experience its functionality. So, keeping this in mind provide them with the best of images or any video (if required) so that the readers can have a prior idea about the product before he actually makes a purchase. The images shown should be of high quality and the videos should be clear and audible.
Search options and refinement benefits: When the search has been performed, keep the search bar in front having query in it with the search results so that users can modify their query. Also give your readers the advanced options like to select prices, colors, models etc. facilitating them to make a purchase on the spot.
Customer support: The customers buying online need instant support. The provision of live chat support on every page is a great help that you can provide them with.
Use a prior tested software: You have to check the functionality at every level like browsing, payment options, cart functions etc. so as to give your customers an enjoyable and comfortable experience.
All the very successful e commerce websites like eBay, Amazon.com, are not by chance, but they have provided their users with all the options that makes the shopping experience just superb.!!!
[Top]Tips for excellent e-commerce website design
The ultimate goal of an e-commerce website is to lead customers to buy products from your site. If you are looking for an edge over your competitors, then it is time to get serious with e-commerce website design. By putting in effort in designing your website, not only will you increase your sales and customer satisfaction, you will also gain valuable information about your products and customer preferences.
Here are a few tips for e-commerce website design: Effective e-commerce website design will help the customer find, purchase and pay for a product easily. The gold standards for any e-commerce website design are simple navigation, search engine facilities and online payment schemes. A website should not be complicated to go through – products and services should be neatly formatted and accompanied with suitable pictures, information and prices. Customers should be able to find products easily incorporating a search engine makes it easier to find a desired product. By incorporating advanced filters, the visitor will be able to filter products by various attributes, thereby narrowing options and finding precisely what they are looking for. Customers should be able to purchase and pay for their products using a shopping cart functions and online payment processor. All charges should be included in the initial prices and this process should be secure.
Other features that will improve an e-commerce website design are:
Multicurrency and language support – going online, means that you are going global, which means that you are dealing with customers from all over the world. By incorporating multi languages and currency options, you will be expanding your market base and getting more sales.
Help and support options to answer queries about your products quickly and efficiently.
Frequent promotions of products – discounts, free delivery, and special offers will all help increase sales. These can be easily set up online on your e-commerce website.
Additional marketing avenues integrating your website with other websites such as Google will expand your marketing. E-commerce website design not only helps you increase sales directly; you can find a mass of information via your website. There are features so you are able to keep track of stock easily – with full stock control features and low stock level alerts. In addition to replacing necessary stock, you can keep track of how many and which products are being sold, which in turn will give you insight on your customers preferences, popular products and online buying habits.