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Career Guide: the iGaming Industry

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The iGaming industry has been around for quite some time now. However, it is only now starting to gain true recognition and popularity it actually deserves. With this influx of attention, the need arose to change things around. And so, the need to hire more experts of different caliber appeared.

Nowadays, the iGaming industry offers an amazing potential to anyone looking to start or grow their career in this field. So, with that in mind, here is a short career guide for anyone looking to join the industry.

A fast-evolving environment

With so many interested players, the iGaming industry basically became a thing for itself. And since so many new players are joining the industry daily, the fact is that most online casinos are rapidly becoming understaffed. That is precisely why iGaming companies are always on the lookout for more people who will be willing to train to become a member of the staff. This is excellent news anyone but particularly for young people looking to start a successful career. As long as you are willing to learn new things and adapt to such a fast-paced environment, you will have no problem fitting in.

The power of automation

Since the modern technology is constantly evolving, it really comes as no surprise that online casinos are looking for ways to automate everything they can. For instance, online betting is so far entirely automated which reduces the need to hire employees to monitor every bet. This also eliminates the room for any type of human error, which serves both the players and the casino itself. Moreover, it also leaves a lot of room for professionals who are trying to come up with ways to automate other aspects of an online casino. 

Young people talking about career opportunity in the iGaming industry

More and more content

Again, as a result of such a surge in popularity, online casinos are constantly trying to evolve their content and add more fresh games to their offer. iGaming operators can easily provide new games to their players since the demand for them is constantly growing. Additionally, hire programmers and game developers to design an online game that will be exclusive to your casino. This way, you will be able to stand out from the crowd and attract even more players your way.

Web design bears huge importance

Moreover, since online casinos operate online the first most important thing they need to ensure is a good quality website. Unless a casino’s website is responsive, fast and easy to use, chances are people won’t stick around for long. This is excellent news for anyone dealing with creating websites. From graphic designers, web designers and developers to website administrators and webmasters, anyone will be able to find a job in this industry. If you are being hired to build a website, however, keep in mind that there are so many similar websites out there. That means that you will need to find a way to make yours – in particular – truly stand out. 

Becoming an affiliate

Since affiliate marketing is still a very popular form of marketing both casinos and affiliates can greatly benefit from it. From a casino’s standpoint, affiliates will encourage more people to try their offer and become a loyal player. As far as affiliates are concerned, the more people they manage to send a casino’s way, the greater the commission they will be able to earn. Additionally, the best part is that virtually anyone who wants to become an affiliate can. So, no matter if you are a small business, a magazine or a blogger, you can easily join an affiliate program and start earning some real money.

Online reviews are where it’s at

In the end, online reviews are another part of the iGaming industry both casinos and players can benefit from. Casinos that encourage people to talk about them will gain greater exposure and traffic, which is excellent for any business. Not only that, but they will also appear more attractive because other gamers will see good things about it. The players can easily browse through online reviews and narrow down their search. It reduces the need to sign up to a casino in order to check their offer out.

To sum everything up, the iGaming industry certainly offers a lot of career opportunities. People of different professions won’t have a difficult time finding their place and becoming a part of this growing industry.

Marco Lopo is a Sydney-based business consultant and a marketing analyst. He writes about business and lifestyle. He thinks that's the perfect opportunity to present himself to a wider audience and receive recognition. In his free time, Marco enjoys music, travelling and also is a big reading enthusiast.

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Can We Use Magento Commerce as an Enterprise E-Commerce Platform

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Are you planning to roll out an enterprise e-commerce platform? If so, you are certainly on the right track to leverage a wide spectrum of benefits. Yes, you can expect to get high traffic, important customer data, and several orders that need to be processed.

What I mean is enterprise e-commerce will allow you to get a dream start. But wait for a moment. Did you consider one major player playing a pivotal role in building a strong inning? Yes, I’m talking about Magento Commerce, which has become a popular choice among e-commerce owners.

Research says that Magento nearly powers 1.2% of the internet and 12% of all e-commerce sites. Furthermore, about 2,50,000 online merchants use the Magento e-commerce platform.

But remember you are operating an enterprise e-commerce platform in the age of digital transformation and cutthroat competition.

Which is more appropriate: MagentoOpensource or Magento Commerce

It is important for you to know the major difference between Magentoopensource and Magento ecommerce solutions.

MagentoOpensource, also known as Magento Community, is basically a free version of Magento that you can easily download, customize and self-host.

Magento Commerce is available in two versions namely Magento Enterprise Cloud and Magento Enterprise. Now, both these versions have been combined to form Magento Commerce, a subscription-based version providing cloud hosting facilities.

Now that you are acquainted with the difference between the two Magento versions, it’s time to consider the important elements before choosing Magento for enterprise e-commerce.

Consider the ongoing cost

If you are going with MagentoOpensource, you don’t need to pay the annual subscription fees, unlike Magento Commerce. But it does not mean that you can enjoy all the free benefits. Yes, of course, you have to go for regular upgrades and integrate new features to enhance your e-commerce functionality.

Besides that, there are various other hidden costs such as updating the security, which isn’t an easy task. You may require professional help unless you are a Magento expert.Also visit https://www.jbklutse.com/

Managing technology 

Magento Commerce is based on the traditional approach, which focuses on downloading and customizing the platform. Hence, it may consume your time but also require technical knowledge as well.  Plus, you have to invest your money as well, if you want to custom-built and get enterprise-grade e-commerce.

Is Magento restricted to e-commerce solutions

We have to ask this question. Most people have the notion that Magento for e-commerce is a stellar platform, but does it fit into the shoes of enterprise e-commerce? With competition exceeding, you need more than an e-commerce platform.

The customers have become much smarter. This means you just cannot convince them on the basis of good website reviews and product ranges. Customers want a more real-time experience of the product with AR and VR technologies. They demand relevant videos, documentation, and third-party genuine reviews.

In short, they are looking for an omnichannel experience and Magento Commerce is ticking on that corner. In addition, it also helps you to monitor and analyze your e-commerce website performance and gather all-important customer data. You can even implement your ad and email marketing campaigns to drive more sales.

The support system 

Magento was facing issues with its support services having only 1300 open and ongoing support tickets. You had to wait for some time to receive assistance if there was an issue.

Now, with the progress of time, Magento has upgraded its support system, providing faster solutions to the problems. But having said that, you will have to pay a premium amount to avail support.

What about updates and migrations 

The next vital question that comes to mind is what about the updates and migration process. You must be aware that come June 2020, Magento will stop supporting version 1.0. Hence, you have to migrate to a higher version now or sometime later.

Additionally, if you are planning to re-platform it completely instead of migration, it’s going to be an intricate task. And this is not something that you can do yourself. In fact, many Magento developers have already shared their experiences regarding the challenges and difficulty levels.

Choose Magento Open or Closed-source

Magento is a popular open-source platform that allows users to customize the codes. But you may have to face a few issues when you are updating or migrating the e-commerce platform to a higher version. The challenges are more associated with back-end implementation and re-platforming.

So, this is where the closed-source enterprise e-commerce platform will come into play. It is a more viable solution to build a custom e-commerce website. But you still have to approach a Magento Development Company to do the work on a professional note.

Concluding note 

As you have explored the options, you can make a decision, whether Magento Commerce is the right platform for enterprise e-commerce. The ultimate choice is yours. You can decide depending on your requirements for the project.

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Technology Gives Chance of Growth to Every Business: New Govt. Schemes

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Technology is central to the growth of modern businesses. With remarkable development in digital connectivity and information technology (IT), businesses are aiming to maximize their reach. In 2017, India’s IT industry contributed around 8% of the nation’s GDP.

The Government of India has consistently encouraged the boom of small and medium scale businesses to support the Indian economy.

Moreover, with online tax filing and GST login facilities available enterprises want to incorporate the recent technological advancements to compete in the global market.

The government has launched multiple initiatives to offer vocational training to the Indian workforce.

The purpose of such training is to create a capable and competent populace possessing digital literacy.

Micro, Small, & Medium Enterprises (MSMEs) have benefitted the most from this technological revolution facilitated by government schemes.

Government initiatives to boost technology in business

The Government of India has ardently supported the implementation of technology in MSMEs. It has launched various initiatives to ensure technological co-ordination and organisation across sectors.

Government loan schemes also enable businesses to upgrade their infrastructure to accommodate the best technological practices for growth.

  • For vocational training in technology

The government has undertaken certain initiatives to provide the young workforce with technological literacy and skills to serve MSME needs.

  • Visvesvaraya PhD Schemes: Electronics & IT

This scheme was launched by the Ministry of Electronics and Information Technology (MeitY) to offer training in Electronics System Design and Manufacturing (ESDM), and IT Enabled Service (ITES) to 1500 PhD candidates across India.

This scheme also provides vocational training to 200 Young Faculty Research Fellowships.

The objective of this scheme is to boost research & development (R&D) in technology-intensive sectors.

It ensures that PhD scholars acquire skills to identify the technological requirements of MSMEs as per international business standards.

  • Financial assistance to set up Electronics & ITC academies

The central government has allocated funds to set up Electronics & ITC departments in IITs, IIITs, and NITs to create a base of employable graduates in the technology service MSMEs.

Special attention is given to Engineering, Science, and Polytechnic colleges to develop a technologically capable workforce for MSME needs.

  • Skill Development in ESDM

The central government aims to provide training in skill development to 3,28,000 aspirants in the Electronics System Design and Manufacturing (ESDM) discipline to boost employment in electronics, telecom, health and automotive sectors.

  • Government loan schemes for business growth

MSMEs have the option to consider several government loan schemes to boost their competence and infrastructure for combining technology and business operations. Enterprises require this fund to create a growth plan for small businesses.

  • MUDRA loans

Business owners can opt for loans up to Rs.10 lakhs under the MUDRA scheme. At an affordable interest of 8.40% and a reasonable tenor of 1-5 years, the fund acquired under this scheme can be allotted to the development in technology and product modification.

Enterprises may leverage the fund to provide training to its employees to tackle the technological challenges prevailing in the relevant market.

  • Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)

This scheme provides financial coverage to business loans up to Rs.2 Cr. Small and micro-enterprises can claim financial cover to 50% and 85% respectively against defaulting.

An enterprise may invest the fund in the latest sector-specific technology to gather an advantage over its competitors. The sanctioned amount can also be used to employ experts in technology for a boost in business.

Businesses can fund the use of technology to increase business efficiency.

GST filing for MSMEs

Filing for GST returns is mandatory for MSMEs under the ‘one nation one tax’ structure. Around 4.8 million MSMEs are registered with the GST council under the Udyog Aadhar Memorandum (UAM) program.

GST is an efficient taxation system that implements automation and data-intensive software to eliminate error in the new tax administration. MSMEs can avail GST login portal facilities online for maximum convenience.

Thus, details of sales, purchases, input tax credit and output GST can be found on the GST login portal. This feature improves the overall efficiency and transparency in the taxation system.

When an MSME has an updated database of return figures, it can avail loans at lower rates of interest and reasonable tenors. Individuals can reap the benefits of collateral-free business loans whenever their businesses face a financial crunch.

Bajaj Finserv provides pre-approved offers to ensure quick and easy disbursal. These offers are available on home loans, business loans, and personal loans.

Technology has become the make-or-break factor of any business. To compete in the business market, an MSME must have a technological advantage for further growth. Business loans can aid companies to meet these technological requirements.

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How to keep employees happy in 2020?

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how to keep employees happy?
Photo by Kelly Lacy from Pexels

In today’s world I think business owners lose track of ways to keep happy employees.  Most importantly, there are certain things that a leader of a company can do to help boost company morale.  A lot of business owners lack this communication with employees.  The owner needs to gauge the success of their company based on the people day to day who make it run, because if they do not, they will see not only the revolving door, but a decline in productivity.

Here are some things a business owner can do to help keep their employees happy.

Company Events

First of all, a lot of people spend more time with co-workers then they actually spend with their own families. For that reason, these company events allow personnel to engage and learn about one another outside of a work and professional setting.  This could be a company picnic, barbeque, bowling, a baseball game etc.  Furthermore, this creates great company morale and memories for the staff to look back on and talk about later.

Monthly Bonuses

Another way to keep your employees happy is to implement a monthly bonus within a company.  This will help increase sales and actually give the employees something to work towards to keep up productivity.  Who wouldn’t want an extra $500-$1000 per month by just giving a little more than what is normally required?  This extra effort can produce way more in revenue then the actual costs of the bonus.

Effective Training

A lot of people who work a job, never receive adequate training in the beginning.  Everyone is in a fast-paced environment that I think the time spent to adequately train employees is rushed and overlooked.   Even when initial training is effective in the beginning there is never a refresher to follow up on the training previously learned.  There should almost be like a continue education class for employees.  This will eliminate mistakes and improves quality control.

Money Reviews

Consequently, most companies do not have a review process in place for their employees.  As a result, an employee will not get a raise until they complain, or they already have began looking for a new job which will pay them more.  People aren’t always loyal to the company, they are loyal to their responsibilities (i.e. bills, credit cards, car payments, rent, etc.).  If a company puts in “Money Reviews” I like to say, this keeps your employees on track.  Whether the reviews are quarterly, every six months or yearly there is an expectation put in place that if the employee has performed their duties and has not had any issues, they are entitled to some type of incentive or pay increase for their consistency in performance.

Sales Meetings

Every company should be having sales meetings.  No matter if sales are up or sales are down.  These sales meetings make the employee feel like they are apart of the company especially when the company is doing great and thriving.  It gives them a sense of accomplishment that their efforts and hard work is a direct contribution to the company’s success.  If the company isn’t doing well it still gives the employee a sense of comfort knowing that they are involved and made aware of what is going on within the company and how important their role is to the company’s success.

Great Management/Supervisors

Most people are all too familiar with loving the company they work for but consequently hating the supervisor who is in charge.  An employee will always respect a professional leader who is willing to help and encourage.  There is no pleasure in working with a manager or supervisor who is not motivating you to be the best.  Making sure you hire great management and supervisors to oversee your business and departments is a key asset to business growth and productivity.

If you are a business owner be aware of these things that you can do to help boost your company morale.   Keep in mind what makes a good boss and always know how to effectively communicate with those people who are helping steer the ship.  If you implement these small things, I can promise you better productivity amongst your employees.

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The Disrupt Magazine & Podcast tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real life experience. This Podcast is designed to give them a taste of that.