Common Problems Faced By Event Organizers: What Is the Solution?

Event organizers are facing a lot of problems these days. Before the emergence of the internet, people had no concept of social media platforms or online promotion of events and activities. However, with the internet and the rapid popularity of social media tools, enterprises are now facing a tough challenge merging traditional marketing strategies with the more advanced online promotional tactics. Moreover, the present worldwide recession has led many organizations to seriously think of various cost cutting measures to manage administration within a limited budget.

Let’s now discuss the most common problems of creating and managing events, irrespective of its size and complexities.

Decreasing Budgets

The basic problem of arranging an event is budget. Event planners must keep in mind the amount of money required to book and decorate the venue, print hard-copy invitation letters, send them to respective guests, manage the menu for the show, to name a few. Moreover, there is a dire need to recruit additional staff to manage the overall administration before, during and even after the program ends.

Falling Off Event Attendance

With the ongoing worldwide economic crisis, people are showing reluctance in attending corporate meetings and tradeshows. Hence, many organizers are failing to sell their entire inventory of event tickets or maximize registration in spite of putting in their best efforts to make the event successful.

Marketing and Promotion Aspect

Organizing an event is as important as marketing it. Organizers have to give their 100% in promoting the meetings, conferences, etc. to make prospective attendees aware of such happenings. Only then can one develop chances of a full event attendance and tickets sale.

Conference or Meeting Management Problems

It becomes almost impossible for a single person to manage the logistical aspects of a conference or a meeting for their attendees and guests. Therefore, companies are seen hiring external temporary staff to take care of such processes. It takes a lot of time in finding suitable staff for these temporary roles and making them understand the work flow system within the administration of the organization.

Social Media Integration

Individuals are no longer using social media websites for merely personal reasons – they are utilizing Facebook Twitter, MySpace, and so on to meet urgent business needs and objectives. Meeting or seminar planners, therefore, need to focus on this area to expand their reach beyond geographical boundaries.

To address these growing issues and effectively manage events, organizers are seen taking the help of various types of online event management solutions. Such solutions come at a cost-effective rate and is said to be extremely easy to use and time-saving. Online event management solutions/software’s come integrated with a wide range of tools such as registration, payment management, communication, and marketing to help an organization host any type of event in a hassle-free manner.

Domain Name – 3 Reasons Why You Should Have Your Main Keyword in Your Domain Name

A good domain name provides a great deal of value for your organization and there are many different reasons why this can make a difference for your online business. One of the best ways to capitalize is by placing your main keyword in the domain name itself. This can give you a head start in your quest towards successful online business development.

Here are 3 reasons why you should have your keyword in your domain name.

1. Immediate SEO. Having your keyword in your domain name is like an immediate SEO boost. You are automatically going to have an edge on other websites who do not include keywords in their domain name. The more places you can put your keywords the better, and no place is more important than your domain name because its power transfers to every page on your site.

2. Advertising. Using your keyword in your domain name is giving you an opportunity to advertise to people and entice them to click on your link. When people see what your website is all about, they will instantly give more credibility and recognition to it if it matches what they are looking for. Therefore you'll be able to drive more traffic to your site just by having your URL displayed.

3. Targeting your Audience. It's extremely important to target your audience and to attract the right kinds of people to your website. Including keywords is another easy way that you can complete this task for your online business. If your website domain is "JoesStore", nobody is going to know what your website is about. However, if your domain is "JoesDiscountTools", then people will immediately know what to expect from your site and you'll be able to target your audience far more effectively.

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What to Do When the Debt Collector Sues

If you're behind paying your bills – and who is not, these days? – it's tempting to let the mail pile up. After all, who wants to face yet another reminder that their financial house is not in order? Ignoring the bills and debt collection calls can have a significant drawback, however, if a debt collection agency decides to take you to court.

Increasingly, debt collectors are using the court system not as their last line of defense, but as their first line of indemnity. There have been numerous reports in the mainstream media about debt collection attorneys filing hundreds of cases a week using automated software. Nonprofit organizations in New York City recently issued a report detailing the ways in which debt collectors routinely target lower income residents with lawsuits.

According to the law, you must be informed if you're being sued. Often, however, debt collection agencies do an end run around the law and do not notify the consumer (that's what the New York City study revealed). Other times, consumers let the mail pile up, not knowing that it contains legal documents that require their attention. Still other times, consumers know that they're being sued, but do not know how to go about defending themselves, and so either show up for court unprepared or do not show up at all. A recent survey of sentences conducted by the American Bar Association found that consumers who represent themselves in court do so to their own detriment, in that the have less favorable outputs than consumers who are represented by attorneys. For consumers who do not attend the legal proceedings, the judge has no real choice but to rule in favor of the debt collector.

Once you have a legal judgment against you, life can become even more difficult than it already is. If you do not have a job or any assets, you may think that a legal judgment can not do any real harm. After all, they can not squeeze blood out of a proverbial turnip, can they? That may be true, but chances are good that, ever, your financial situation will change. When it does, a debt collection agency will swoop in to collect on the judgment. In fact, there's been buzz in the debt collection industry about how it's time to get out those old judgments. Their thinking is that the economy is slowly improving, people are starting to go back to work, and the judgments will soon be enforceable. What does that mean? If you have a lawsuit against you and you get a new job, the debt collection agency could garnish your wages. It will feel like one step forward and two steps backwards.

The bottom line? If you're in a position where you might be sued by a debt collection agency, you need to keep an eye on any potential legal proceedings. If you're sued by a debt collector, you should mount a rigorous defense with the help of an attorney. Often, a fair debt attorney can help you to avoid a judgment, and sometimes even get the debt dismissed.

How to Manage Your Personal Finances – Retirement Capital Requirements

Many articles have been written about the subject of retirement planning and there are many books published by experts on this very important issue. I have just recently joined the fold of the retired group and I have been through the mill (so to speak) of planning and implementing my retirement plan in it's initial phase. It is this, the initial phase, which I would like to concentrate on in this article.

So, how do I plan my retirement date?

Most companies have contractual dates for retirement. For example, retirement ages could range from 55 years old for early retirement to 60 years old for Directors to 65 years old for operational staff. These dates are generally a guideline since companies do exercise some flexibility when applying these parameters. However, each individual should be using these parameters as a benchmark and then build a projected financial model to see if they are adequately provided for in retirement. Note: The use of a financial advisor is highly recommended in this planning process.

Since the above guidelines, your retirement date is in fact flexible provided that you can satisfy the golden formula which is expressed as: "Accrued income plus passive income must exceed your current cost of living plus an adjustment (up or down) for lifestyle choice in retirement plus inflation projections and sufficient liquid cash for emergencies ".

Let's face it, the thought of early retirement is in the minds of all of us but if you can not afford it, you are heading for suicide.

Let me expand the golden formula as follows:

  • Accrued income is the monthly pension or income that you can derive from your pension accumulation through your working life. This figure will be provided to you by your pension fund or your investment institution.
  • Passive income is income from investments that you made through your working life. Here you consider regular income from property investments, equity investments, dividends, savings interest, business partnerships and any other form of reliable income which you will derive on a monthly basis.
  • Current cost of living is the full annual cost of your current lifestyle. Be extravagant in estimating this figure and be sure to include everything that you incur as a cost.
  • Adjust your retirement requirements up or down depending on your circumstances and your intended lifestyle in retirement.
  • Make adequate provision for injury during your retirement years. Your financial advisor should project your retirement capital adequacy over your expected lifespan.
  • Ensure that you have a 'nestegg "of cash available for emergencies such as buying a new car, unexpected medical bills, renovating your house, helping your kids, taking some holidays and anything else which is relevant to your situation.

I spend many hours pondering the above elements and I suppose it is only natural to be very conservative about whether you can actually go ahead and retire. Assuming that the criteria for the golden formula are met and in order to make the decision a little easier, the following points are highly recommended:

  • You should have no heavy debt burdens. Your mortgage should be paid off, your car hire purchase agreements should be settled and you should have no major debt commitments. In fact, you should be able to live from cash out of your wallet.
  • Your "wish list" for your activities in retirement must be catered for in your planned expenditure.
  • You must not have any plans that requires you to erode your capital base.
  • You need to be sure that your monthly income is pretty secure and you need to have alternative plans if for some reason, your monthly income drops.
  • You need to be able to save some of your retirement income monthly just to prove that you are coping.

In this planning exercise, you need to budget for everything that you want in retirement. Once you have taken the step, there is no turning back if you are serious about retiring. You also do not want to find out that you can not afford some of the things which you had in your vision.

In conclusion, the most important factor in planning your retirement is to ensure that your life partner (if appropriate) is fully informed and on board with the plan and that you create a mutual acceptance and arbitration about your future in retirement.

The above article is created to stimulate thought on your own unique circumstances and you need to tailor your plan accordingly.