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January 2022

Technology

5 Errors with Crypto Investing and How to Avoid Them

One in six Americans say they’ve used, invested in, or traded cryptocurrency. And for the others, not knowing how to might be at the root of their hesitation.

Not knowing the ins and outs of investing with cryptocurrencies can lead to some risky mistakes.

Read on for five errors with crypto investing you should avoid, whether you’re a beginner or not.

1. Not Having a Strategy

Cryptocurrency is easily available, and there are few barriers to investing in it. But that can lead to impulsive investments made with no strategy in mind.

It’s important to have a crypto investment strategy, including an exit strategy. Know your investment goals, and only choose cryptocurrencies that align with those targets.

Then, check in on your portfolio regularly, and make changes or pull out of investments that no longer work for you.

2. Following the Crowd

Crypto investing is still relatively new, and a lot of advice is based on casual hearsay or content made by amateurs.

It can be easy to trust what you hear and jump on the latest crypto bandwagon. But a lot of advice floating around is either completely subjective or based on paid deals with certain cryptocurrencies. In other words, take everything you hear with a grain of salt.

Be sure to do your own research into different types of crypto, how they’re mined, and what benefits they offer. Read more on eco-friendly Bitcoin mining in this article.

3. Sticking to One Type

After you’ve learned about different types of cryptocurrencies, choose around three to invest in.

Many people stick to only one, staying loyal to the crypto they think is the strongest. But the investment risks and rewards of each currency can be hard to predict, and diversifying your portfolio can increase your chances of earning a profit.

When choosing which to invest in, try having at least one stablecoin option and two cryptocoins.

4. Being Cheap

The investment that requires the least amount of money in the beginning may seem like the safest choice, especially if that investment grows later. But buying cheap cryptocurrencies is one of the most common cryptocurrency mistakes.

While it’s always important to consider your return on investment and get the most bang for your buck, many extremely cheap cryptocurrencies only get cheaper over time. Then, your investment, no matter how small it was, will be completely worthless.

Avoid investing in crypto just because you found a cheap option, and stick to those that show signs of growth.

5. Overlooking Scams

The world of cryptocurrency is getting safer, but there are still scams and frauds to be aware of.

Cryptocurrency hacks aren’t unusual, and fake giveaways and other scams only aim to steal your cryptocurrency or personal information.

Always do your research before accepting any investment, and make sure to keep your wallet security details and keys secret.

Avoid These Errors With Crypto Investing

As cryptocurrency becomes more commonplace, investment mistakes become more common too.

Avoid these errors with crypto investing to minimize your risk and protect your earnings.

For more on investing and earning money safely, check out our latest business articles!

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Technology

How to Find a Certified Shopify Expert: A Guide

Shopify is one of the most popular eCommerce platforms in the world. The platform has more than 200 million users and brings in approximately $135 billion in revenue every year.

Shopify makes it simple to build a dynamic online store and sell products on the internet. Though, if you’re like most entrepreneurs, you may not know how to create your own online store.

The good news is that you can simply delegate the task to a certified Shopify expert.

In this article, we’ll teach you everything you need to know to hire a Shopify expert for your online store.

Check Job Sites

The first place to look for a Shopify SEO expert is on job sites. Here, you can browse dozens of different Shopify experts that can help you build your online store.

The good news is that there is an endless source of experts to choose from. Though, you should be careful when making a hiring decision.

Check the expert’s profile and reviews to make sure you’re making the best decision for your online store.

Collect and Verify References

References are important tools for any business owner. You can’t simply take the word of any expert you want to hire for your business.

Instead, you should do your research and see if the expert is who they say they are. It’s also important to note that you shouldn’t just collect references from a Shopify expert near me.

You should also do your best to verify these references. This means asking vivid questions about each reference’s experience with the Shopify expert.

Don’t Ignore Obvious Red Flags

If you want to avoid making a mistake when choosing a Shopify expert, you shouldn’t ignore your gut feeling.

For example, if a candidate is very adamant about collecting an upfront payment without scheduling a meeting, you should avoid doing business with them.

The reason is that a true professional will try to understand the nature of your online store and your brand. They’ll begin to collect as much information as possible before sending you a bill.

Don’t ignore any obvious red flags. If you’re getting a bad feeling from a candidate, steer clear from them.

Ask About Their Pricing Upfront

You can only choose the Shopify expert you can afford. These experts usually bill their clients on an hourly basis.

This is ideal for most clients because you can use their services for small development projects without breaking the bank. Plus, you can maximize every hour they spend working on your behalf.

Though, every expert has their own rates. The most experienced experts usually have the highest hourly rates.

Schedule an Exploratory Meeting

The last step of finding the right Shopify expert is scheduling an exploratory meeting.

This is a type of consultation, where the professional will analyze your brand and guide you on the best course of action to build your online store.

Choose a Certified Shopify Expert Today

As you can see, it’s not difficult to select the right certified Shopify expert for the job. By following these tips, you can avoid making the wrong choice.

To learn more about Shopify or eCommerce, check out more of our helpful articles.

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