Page 13 – DataToBiz

Manpreet Kaur
December 05, 2023
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8 Top Side Hustles You Can Start in 2024

Today, almost everyone is looking for flexible ways to make extra cash. These days side hustle isn’t just a trend; it has become a realistic way to increase your income and secure your future. This blog focuses on the top side hustles that you can pursue in 2024 that align with your passion and preferences, along with the importance of strategic planning to successfully monetize and drive sustainable revenue from it. What is a side hustle? A side hustle is a mini-business that allows you to make money online through some part-time gigs. All you need is a laptop, internet connection, skillset towards which you can dedicate yourself to have money flowing from it. A report by Hustle states that about 50% of the employees prefer their primary job, while 76% prefer side jobs. Running a side hustle gives you the freedom to choose your hours, work, and rates. Multiple ways can help you make passive income by capitalizing on your skills and availing work from home. For instance, podcasting, online tutoring, virtual assistant, and much more. This blog will show you the top side hustles you can do in 2024 to boost your income. Let’s get started. 1. Online Tutoring Online tutoring is one of the most popular side hustles for people who have subject matter expertise and can dedicate a few hours a week to teaching students. Even though the online tutoring market is saturated, it has enough potential. It doesn’t need too much investment. You can start with whatever you are good at. Be it academics, cooking, coding, music, or fashion, you can customize your offering according to your target audience, understand their pain points, and offer customer-centric solutions. Pick the subject/ niche in which you have a formal education, set the number of hours you can devote, and finalize the pricing. Next, register on online tutoring sites and start your online teaching business. 2. Sell Digital Products Digital products are assets that you can sell online. For instance, downloadable templates, eBooks, online courses, and membership sites. It is one of the side hustles that pay well since you can sell it repeatedly. As long as your digital product serves great value, you can make good money from it as it has high profit margins, and low development and distribution costs. Make sure your product is in sync with the latest information or updates. When creating a digital product, identify the biggest pain points of your audience. Your product must address those problems. Start talking in advance about your products on social media and online forums to create eagerness amongst the target audience. Ensure your product must be easy to access and use. 3. Affiliate marketing programs Affiliate marketing is a good side hustle for students and revolves around showcasing products and services of other brands on your website/social media, promoting them, and earning a commission. It has emerged as a prime customer acquisition channel for businesses as they are always striving to promote their products and services. Becoming an affiliate marketer is quite easy. Choose the niche for which you want to promote the products and services. Next, choose a platform where you want to promote the products of your clients. Sign up for an affiliate program such as the DataToBiz Affiliate program from a reliable affiliate marketing company. Now promote the affiliate link on paid and organic channels. 4. Photography Folks who are good at photography can make passive income by permitting stock photography websites to use their photos. You can get your photos licensed if you have a good collection of images. The amount of money you can make by selling your photos depends: Make sure you read the guidelines, pay plans, and how images are used. 5. Freelance The freelancing industry is growing at an alarming rate. This is because freelancing offers freelancers the flexibility to set their work hours, rates, terms, and conditions. The biggest reward of freelancing is that people can pursue work that excites them in their comfort and allows them to work from anywhere in the world. To succeed in freelancing, choose the domain you want to work in – be it development and design, photography, writing, copywriting, social media, or virtual assistant. Set your rates (hourly or depending on projects) and work hours. As a beginner, you can charge less and then charge premium rates as you hone your skills. It is important to create a portfolio that demonstrates your work and expertise. Promote yourself on a marketing channel, such as LinkedIn to showcase your skills to your prospective target audience and clients. Sign up on freelance websites such as Fiverr, and send cold emails to connect with your prospective clients. Remember, freelancing gives profitable results if you are consistent and put in a lot of grit. 6. Dropshipping Dropshipping is an easy side hustle for beginners that allows people to sell products to customers without buying the inventory. In this business model, a third party makes and ships products for a brand. You can dropship on online marketplaces such as Amazon, eBay, and Flipkart. Also, it doesn’t involve too much risk as the orders are sent from the wholesaler to the customers. Thus, you can focus on products, customers, and marketing. All you need to do this is to create a store, put the product rates, and market them. 7. Paid Newsletter If you have good writing skills and have an audience on social media platforms, starting a paid newsletter is great. Even if you don’t have an audience, take small steps to build an engaged audience and create your brand. Once you have an attractive personal brand, it sets you apart from other creators and earns credibility. Your followers will convert into your newsletter subscribers and help you get more subscribers by sharing the worthiness of your newsletters. Choose a publishing platform such as Medium, ConvertKit, or Substack by doing adequate research. Find out the charges the platform deducts for hosting and payment processing. Does

Pawan Chabra
December 01, 2023
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DataToBiz vs Semrush vs Fiverr: Picking the Best Affiliate Program

Explore the dynamic world of affiliate marketing and make an informed decision between DataToBiz, Semrush, and Fiverr Affiliate marketing programs. Uncover insights into commission structures, product relevance, and support mechanisms to tailor your affiliate strategy. Whether it’s DataToBiz’s staff augmentation, Semrush’s digital marketing dominance, or Fiverr’s global freelancing platform, find the perfect fit for your business model and goals. A report by influencer marketing hub shows that there has been a 15.38% increase in investments in affiliate marketing companies in 2023 but with a wide variety of affiliate programs or companies available in the market emphasizes the need for careful consideration while making a decision. The right affiliate program aligns with your niche, audience, and marketing strategy. Factors such as commission structures, product relevance, and the level of support provided can significantly impact the success of your affiliate marketing venture. A well-chosen program not only enhances your earning potential but also fosters a sustainable and mutually beneficial partnership. Navigating the landscape of affiliate programs, three stand out as formidable options—DataToBiz, Semrush, and Fiverr. Each brings a unique set of offerings to the table, catering to diverse business models and niches. DataToBiz is known for its digital transformation, AI, BI, and advanced language solutions along with IT staff augmentation, while Semrush dominates the digital marketing sphere with its comprehensive tool suite, and Fiverr connects freelancers and businesses, offering an open market. How to Choose the Right Affiliate Program? Choosing the right affiliate marketing program is the foundation to earn money online. Here is how to choose the right affiliate program: Commission Structure The cornerstone of any affiliate program is its commission structure. Affiliates are motivated by potential earnings, making it essential to scrutinize the offered commissions to earn money online. Different programs may employ various models, such as percentage-based commissions or fixed amounts per sale. Understanding the commission structure ensures that your efforts align with your financial expectations and goals. Product or Service Relevance The success of an affiliate marketing program venture hinges on the relevance of the promoted products or services to your audience. Choosing programs that align with your niche and cater to your audience’s needs increases the likelihood of successful conversions. This alignment not only enhances the credibility of your marketing efforts but also fosters a genuine connection with your audience. Affiliate Support and Resources A robust support system is pivotal for affiliate success. Assess the level of support and resources provided by the affiliate program. This includes access to marketing materials, dedicated support channels, and educational resources. A program that invests in its affiliates’ success demonstrates a commitment to fostering long-term partnerships. Tracking and Analytics Tools Accurate tracking and analytics tools are indispensable for gauging the effectiveness of your affiliate marketing program 2024 strategies. Quality affiliate programs provide comprehensive tools that allow affiliates to monitor their performance, analyze conversion rates, and optimize their approaches accordingly. Transparent tracking ensures accountability and enables affiliates to refine their campaigns for better results. DataToBiz Affiliate Program DataToBiz assists Small and Medium Enterprises (SMEs) as well as large enterprises in making more precise decisions and deploying models at an accelerated pace through robust Data Science solutions. It also offers data engineering team augmentation services. DataToBiz not only provides exceptional services but also offers a lucrative staff augmentation affiliate program, making it an enticing option for individuals seeking to monetize their influence in the industry. The highlights of the DataToBiz affiliate marketing program 2024 are as follows: Commission Rates and Payment Structure One of the most attractive features of the DataToBiz affiliate marketing program is its competitive commission rates and transparent payment structure. Affiliates can earn for every successful sale or lead generated through their efforts. Its user-friendly dashboard ensures affiliates receive their earnings promptly, fostering trust and transparency in the partnership. Additionally, DataToBiz offers a NET60 payment structure, ensuring affiliates receive their earnings within 60 days of successful sales or lead generation, further enhancing the program’s reliability and transparency. Services Offered DataToBiz boasts a diverse range of high-quality services, making it easier for affiliates to find offerings that resonate with their audience. Whether it’s data science or data engineering staff augmentation services, the breadth of options allows affiliates to tailor their promotional efforts to their audience’s preferences. This diversity not only broadens the scope of potential earnings but also accommodates affiliates with various niches. Affiliate Tools and Resources Recognizing the pivotal role of affiliates in their success, DataToBiz provides a suite of powerful tools and resources under its staff augmentation affiliate program. These resources empower affiliates to optimize their marketing strategies effectively. From creative banners and promotional materials to in-depth analytics and reporting tools, DataToBiz ensures that affiliates have everything they need to drive successful campaigns. The availability of educational resources further equips affiliates with the knowledge to maximize their earning potential. Semrush Affiliate Program Semrush has solidified its position as an industry leader in digital marketing. Renowned for its comprehensive suite of SEO, content marketing, and competitive analysis tools, Semrush empowers businesses and marketers worldwide. In addition to its cutting-edge products, Semrush extends an enticing affiliate program, opening avenues for individuals to leverage the platform’s reputation and earn commissions. Commission Rates and Structure The Semrush affiliate program offers a competitive and tiered commission structure, making it an attractive proposition for affiliates. Affiliates can earn commissions based on the number of sales, leads, and sign-ups they drive. The tiered structure encourages affiliates to continually enhance their performance, aligning their efforts with Semrush’s commitment to mutual growth. Strong Suite of Tools Semrush’s expansive product suite provides affiliates with a strong set of tools to promote. From SEO tools and keyword research to content creation and social media management, affiliates can tailor their marketing efforts to suit their audience’s needs. This versatility not only broadens the appeal of Semrush but also allows affiliates to tap into various niches within the digital marketing landscape. Support and Resources for Affiliates Recognizing the importance of supporting their affiliates, Semrush provides a wealth of resources and support

Yashica Chopra
November 30, 2023
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The Future of Managed Analytics Services for Small Businesses

The data analytics age for SMBs began in 1999 with the launch of browser-based CRM software. It has grown exponentially and is now an integral part of many small businesses. Here, we’ll discuss the role of Managed Analytics Services for Small Businesses and its future in the market. Businesses need analytics to process raw data and derive meaningful insights, discover hidden patterns, uncover new trends, and make better decisions. Data analytics can streamline internal processes and maximize profitability without compromising quality. Managed analytics services have become popular with the increasing talent gap in organizations and the global market. Small businesses cannot always afford to build a data analytics team from scratch and maintain it in the long term. Managed analytics services offer a cost-effective and reliable alternative to access actionable insights and survive market competition. According to a research report by Canalys, Almost 90% of business partners expected their revenue from managed services to grow in 2023. 56% were confident of over 10% growth in the year. Similarly, 35% of partners said they expected to grow by over 20%. With such statistics, we can be assured that managed analytical solutions are here to stay. Let’s check out what the future holds for data analytics and small businesses. How Does Data Analytics Help Small Businesses? According to a report by NewVantage Partners, 91.9% of businesses achieved measurable results through data and analytics in 2023. The global data analytics market is worth $307.52 billion and is estimated to reach $745.15 billion by 2030 with a CAGR (compound annual growth rate) of 13.5%. Small businesses don’t have the same advantages as established brands and global giants. They need to work harder and smarter to make an impact in the market and attract customers. Data analytics can help create a level playing field and create more opportunities for small businesses to handle uncertainties. Managed analytics insights delivery gives a definite edge over competitors and fortifies the systems and processes in a small business. Additionally, it helps with the following: Adopt Data-Centric Approach A data-centric approach allows the business to make decisions based on reports derived from analyzing historical and present-time data. This strengthens the business position in the market and creates more awareness on multiple levels. The business will be aware of what customer wants, and the target audiences will know about the business’s existence. Bring Clarity and Transparency Small businesses cannot afford loss due to a lack of transparency or clarity. From finances to market, distribution, and customer service, transparency can reduce the risk of miscommunication and misunderstandings within the organization. Data analytics for small businesses streamlines the workflow, making it easy to track every step of the process. Higher Closing Rates Customers are vital for the survival of a small business. Data analytics helps monitor the customer journey with the establishment and identify areas for improvement. It also provides insights about customer lifetime value so that the business can determine how much to spend on each customer. Better Inventory Management Not having effective inventory management software can lead to many concerns like lack of stock during high demand, leftover stock due to no sales, mismatched orders, delays, and so on. Data analytics optimize the process and establish a clear system to streamline inventory. Businesses can also use analytics to predict market demand and act accordingly. Understand Customer Behavior Customer behavior is a mystery to many brands. However, a business cannot rely on guesswork or historical data to determine what a customer wants. Data analytics effectively combines past and real-time data to provide more accurate insights into customer behavior patterns, thus increasing sales opportunities. Proactive Opportunity Management Analyzing business and market data can uncover many in-depth insights to understand how things stand in the present and what is likely to happen in the near future. Small businesses need to be proactive and grab opportunities before the established brands take over. This is possible by unlocking the power of data and business analytics. Future of Managed Analytics Services for Small Businesses The Analytics as a Service (AaaS) market is expected to touch $68.9 billion by 2028, as per a report by Imarci. Managed Analytics service providers will continue to have a vital role in helping small businesses adopt data analytics to better their offerings. The following are considered some top trends for the future of managed analytics for small businesses: Multi-Cloud Data Systems As per Gartner’s report, cloud computing continues to be the top technology for businesses investing in data and analytics. Small businesses are relying more on cloud solutions to store data, run software, host applications, etc., instead of building an in-house data center that requires extensive maintenance. In fact, small businesses can also use multiple cloud setups to build a stronger data ecosystem. Data-Centric AI Artificial intelligence is no longer limited to large enterprises. Small businesses can effectively leverage AI by investing in a data-centric model as opposed to model-centric or code-centric. It means more small businesses will adopt generative AI to create synthetic data for training the models and deriving better insights. Edge AI Edge AI gives real-time insights as the models analyze the data collected by IoT (Internet of Things) devices. This helps small businesses meet data privacy requirements and reduces the need for complex data storage systems. Increased AI Investment According to a recent poll by Gartner, 2500+ executive leaders said the recent hype around ChatGPT prompted them to increase investments in artificial intelligence. Small businesses can take advantage of the advancements in AI by partnering with managed service providers. What are the Future Trends in Data Analytics? Data Automation Automation is already being used in many businesses at various levels. It will gain more prominence in the future as businesses cannot spend their resources manually processing large datasets. With cloud and embedded analytics offered by managed service providers, data automation will be an in-thing very soon. For example, augmented and real-time analytics require automation and AI technology. Data Governance, Privacy, and Security Business organizations are moving from data warehouses to data lakehouses. A data lakehouse combines the benefits of a data warehouse and a data lake. It provides

Yashica Chopra
November 29, 2023
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Managed Analytics Services in Healthcare- Improving Patient Outcomes

Digitization of patient records can reduce complexities in providing quality healthcare. Managed analytical service providers play a vital role in assisting hospitals in accessing real-time actionable insights. Here, we’ll discuss how managed analytics can improve patient outcomes. The healthcare industry has been actively adopting the data-driven model in the last few years. The Covid-19 pandemic forced many hospitals and healthcare centers to upgrade their systems and technology. This led to an increasing demand for managed analytics services in the industry. Hospitals are partnering with data analytical companies to deploy and customize analytical models and make effective decisions using real-time insights. According to Mordor Intelligence, the global healthcare analytics market is expected to be $37.83 billion in 2023 and is estimated to reach $106.16 billion in 2028 at a CAGR (compound annual growth rate) of 22.92%. The report also says that the predictive analytics segment will show the most growth during the forecast period. Another report by Global Market Insights shows that financial management, clinical management, and population health management are the three major application areas in the healthcare analytics market. In this brief guide, we’ll read more about data analytics managed services in healthcare and the need for them in today’s world. What is Managed Analytics Services? Managed analytical services are third-party (near-shore, on-shore, and offshore) solutions provided by data analytical and artificial intelligence companies to help hospitals streamline their workflow, enhance patient care, and improve overall efficiency. It combines different activities or services, such as data warehousing, data analytics, business intelligence, data visualization, big data analytics, data governance, and long-term maintenance. Simply put, the third-party managed analytics companies will deploy a data-driven model in the healthcare center and create custom dashboards to share real-time reports with the staff and doctors. The companies can also provide data maintenance and embedded analytics services where the IT infrastructure is hosted and managed by the service provider. The reports are shared with the hospitals. What is Healthcare Analytics Management? Healthcare analytics is the use of data and statistical analytical techniques and tools to convert raw data into meaningful insights for better decision-making. This data predominantly belongs to the healthcare industry to provide the necessary inputs for hospitals and doctors. Healthcare analytics is a powerful service to unlock the full potential of patient data, discover hidden trends and patterns, identify correlations, and promote patient care. Healthcare Analytics as a Service (HAaaS) has become prominent,+ with more hospitals opting for cloud-based third-party analytical solutions for clinical management. The entire process can be divided into the following: Data intelligence management is a continuous process where new data is constantly added to the database, cleaned, formatted, and analyzed to get actionable insights. It allows healthcare centers to provide premium services to their patients while reducing pressure on doctors. Data mining, building predictive models, and automating reports are some common services in healthcare managed analytics. What are the Three Types of Analytics Used in Healthcare? The term healthcare analytics includes a wide range of processes and solutions, which are broadly categorized into the below three: Clinical Analytics Clinical analytics focuses on patient care. It uses the data from electronic health records (EHR) to predict patients’ future health issues based on their medical condition. For example, hospitals can keep track of patients with critical conditions (heart attacks, cancers, organ dysfunctions, etc.) to know in advance if their situations might take a turn for worse. This allows doctors to provide timely treatment and save the patients’ lives. Financial Analytics Financial analytics deals with the financial impact of treatments on patients. Factors like the cost of the surgery, insurance coverage, cost of medication, etc., are calculated per patient to help them manage their treatments without worrying about the budget. For example, the cost of treatment for a patient with Medicare eligibility will be different from the cost incurred by a patient without such provision. Knowing the overall cost of the treatment will help the patient plan their funds accordingly. Outcomes Research Outcomes research deals with the possible outcomes in the healthcare industry. These include mortality rates, hospital stay duration, re-admission rates, and so on. This data strategy helps the hospital management improve their treatment protocols to become patient-friendly. For example, the hospital beds, ICU rooms, patient monitoring, etc., can be better managed to ensure patients don’t suffer due to the lack of resources. Healthcare data analytics consulting companies set up an automated analytics lifecycle to provide relevant reports to the concerned people at all times. It reduces the risk of mismanagement and miscommunication. What is Data Analytics in Healthcare? Data analytics is not limited to analyzing datasets. It also deals with the overall data framework and how the models are used to extract insights from large volumes of data. In the healthcare industry, real-time analytics insights delivery to decision-makers can promote transparency, efficiency, and cost-effectiveness without compromising quality and patient care. Managed predictive modeling is the process of analyzing historical and present datasets to determine future trends and outcomes. For example, analyzing the behavioral data of patients can help find a way to manage their visit timings, medication, etc. The past and present data of cancer patients can be used to find out if they are at risk of the cancer cells aggravating or relocating in the body to cause more serious trouble. Patients who have previously been admitted for self-harm can be monitored to make sure the risk of repeating the incident is less. Benefits of Healthcare Analytics Applications of Healthcare Data Analytics There are different applications of analytics managed services for health systems. Data analytics are used in the following areas to streamline the hospital’s operational efficiency while saving time and resources. Strategic Planning Data science managed services are crucial to helping healthcare centers make strategic decisions about treatment facilities, patient records, admission protocols, etc. It helps in tracking the availability of resources, the number of patients waiting, the list of available doctors, potential emergency cases, and so on. The hospital can be ever-ready to handle crises, thus increasing patients’ trust and satisfaction. Staffing Management One of the biggest concerns in the healthcare industry is the lack

Yashica Chopra
November 28, 2023
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9 Top Highest Paying Affiliate Programs in 2024

Affiliate programs are a reliable passive source of income for website owners, bloggers, influencers, and marketers. Here, we’ll discuss the best highest paying affiliate programs to join in 2024 and add recurring income to your account. Affiliate programs bring website traffic, greater visibility, and more income. The best part is that any website from any industry can join an affiliate program within or outside its niche. There’s no denying the popularity of this program, as it helps all parties. According to Google Trends, the search for ‘affiliate marketing’ has grown exponentially since 2016 and hit an all-time high in 2023. Moreover, the global affiliate marketing spending is expected to touch $15.7 billion in 2024. Another report shows that there has been a 15.38% increase in investments in affiliate marketing companies in 2023. In such instances, it makes good sense to find profitable affiliate programs and join the networks of the companies to earn some income on the side. This also improves the website’s SEO, thus helping you reach wider audiences. Here, we’ll take a look at the highest-paying affiliate programs to try in 2024. Is it time to Start Affiliate Marketing? Absolutely! Statistics show that the global affiliate program industry is expected to grow by 63% in the next four years. 81% of the brands are already offering affiliate programs to increase sales. Moreover, almost 43% of marketers say affiliate programs bring more money than ad monetization on their websites. This is the right time to join the affiliate networks and earn attractive commissions. But what exactly is an affiliate program? How does it work? In simple terms, an affiliate program or marketing is the process of promoting and selling another business’s products or services through your website. You earn a commission for the sale that happens through your link. Every affiliate marketer is provided with a coded link by the business. You place this link on your website (and add a disclaimer about the same). When your website visitors use the link to check out and buy the product or service, you earn a commission for facilitating a sale for the business. Top Highest Paying Affiliate Programs in 2024 Consider factors like the cookie window, commission structure, types of affiliate programs, etc., when joining the affiliate network of a brand. These factors can affect your income. So, what are high-paying affiliate programs? Check out the list below! DataToBiz DataToBiz offers one of the high-commission affiliate programs in the market. It is a data engineering, AI, and BI company offering end-to-end solutions to SMBs, MSMEs, and large enterprises. It also has artificial intelligence-based products like PrepAI, HirelakeAI, etc. This provides more earning opportunities for affiliates as they can recommend the business to varied audiences. The company has a simple yet effective affiliate framework with dedicated support. It offers a flat 5% commission on the first month’s revenue, along with timely payments for subsequent commissions. Every affiliate will get their own portal to manage their leads, earnings, reports, etc., plus access to marketing tools to attract more people to the website. DataToBiz doesn’t have any restrictions on the number of references each affiliate can bring. Continue earning for as long as you want! ShareASale ShareASale is one of the best affiliate programs, with a wide network of over 25,000 merchants. It is a platform where you can connect with multiple merchants without searching for individual businesses online and joining their programs. It is convenient and cost-effective for both parties and offers advanced analytics to track leads and referrals. The platform allows all types of content creators to join the network and provides the necessary tech support and marketing tools to the publishers. You can earn up to 50% commission, though the actual commission structure will depend on the merchant you promote. However, there is a minimum payment threshold to be eligible to withdraw funds from your affiliate account. Hubspot Hubspot is a well-known CRM platform offering varied solutions for marketers and businesses. It is considered an all-in-one platform by many businesses for streamlining their marketing and customer management processes through simplified systems and interactive interfaces. The company has one of the top-earning affiliate programs with no payment threshold and a 180-day cookie window. The company offers a 30% recurring commission for up to a year on every successful referral. It also has an attractive commission structure with multiple levels for affiliates to earn a higher commission as they generate more referrals. With performance reports, a creative library, and technical support services, Hubspot is a worthy choice. Affiliates who level up to the Elite Affiliate category can benefit from the custom commission plan and take advantage of the co-branding services offered by the company. Wordable Wordable is an automated content publishing platform that streamlines publishing posts for marketing teams and agencies. It can save over 90% of publishing costs by optimizing the workflow and automating the processes. The company also has a great affiliate program. So, how much does a Wordable affiliate program cost? The platform offers a recurring 30% commission on every Wordable sign-up through the affiliate link. Since the most common plan starts at $99 per month, you can earn a decent amount every month for the references you provide to the business. Wordable has set up auto payments to prevent confusion and increase transparency. It also provides promotional materials to affiliates to help them convert more clicks into successful referrals. eBay Partner Network eBay Partner Network (EPN) is one of those affiliate programs focusing on flexibility and variety. eBay is an eCommerce platform and a diverse marketplace for businesses from around the globe. EPN is an in-house program of eBay designed to help publishers and businesses connect with each other for mutual benefit. The platform offers 1% to 4% commission. While this may seem less, it can quickly increase your income as more people use the affiliate link. Moreover, it offers a Smart Share Extension to directly create affiliate links from the eBay website. No need to access your dashboard for everything. Moreover, the company follows a Quality Click pricing model where the commission % depends on the value

Yashica Chopra
November 24, 2023
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Referral Programs vs Affiliate Programs: Understanding the Pros and Cons

Referral and affiliate programs are two different strategies that reward a person for bringing customers to the business. Here, we’ll discuss the major differences between both programs in detail. Digital marketing comes in many forms. Every business has to develop its online marketing strategy based on core values, long-term goals, industry standards, and customer expectations. While strategies like SEO, SEM, SMM, PPC, etc., are easy enough to understand, many businesses tend to mix up referral and affiliate programs. After all, both methods use another person or entity to bring leads and customers to the brand. However, there are distinct differences between referrals and affiliate programs. Some brands use both programs to further increase their reach in the market. Other brands might choose to use only one of these strategies, depending on their niche. For example, DataToBiz has an affiliate partner program to expand its AI products and services in the global market. But what exactly do referrals mean, and how does an affiliate program help a business? What are the main differences? Let’s find out more about affiliate vs referral programs. What is a Referral? A referral program is where existing customers of a brand refer its products and services to others. Customers get store credits, one-time discounts, gift cards, or coupons when their referral generates a sale for the business. For example, you purchased health supplements from a brand. The company provides a unique link to share with your family, friends, and acquaintances. When they use your link to check the brand and place an order, you will get a thank-you gift for referring a new customer to the business. Referral programs are designed to encourage existing customers to bring more customers to the brand by offering them an incentive or gift. Statistics show that referrals grew by a whopping 425% during the first wave of the Covid-19 pandemic. In fact, 92% of customers trust referrals from people they know, and the customer retention rate is 37% higher when they come through referrals. Pros for the Business Pros for the Customer Cons for the Business Cons for the Customer What is an Affiliate Program? An affiliate program is where the brand ties up with a third party to promote its products and services in exchange for a commission or reward. Here, the third party can be bloggers, website owners, influencers, freelancers, content creators, and even small business owners with an existing audience base. The affiliate doesn’t have to be a customer. For example, if a website owner is interested in earning additional income, bonus, or commission through profit-sharing networks, they can join affiliate programs to use their platform and audience for the same. The publisher will earn a commission depending on the terms and conditions of the affiliate program. The affiliate marketing program is a source of additional income for many publishers. Around 81% of advertisers (brands) and 84% of publishers (website owners) use affiliate marketing. Close to 65% of affiliates strongly agree that joining an affiliate program brings more customers. About 26% of affiliates earn between $81K and $200K per year, while 20% of affiliates earn between $21K and $80K, with 19.5% earning more than $1000K per year by being an affiliate. Pros for the Business Pros for Affiliates Cons for the Business Cons for Affiliates Referral vs Affiliate Program Here we’ll compare referrals and affiliate programs to highlight their differences at various levels. Bringing New Customers Referral programs are a type of word-of-mouth marketing. It targets current customers, brand advocates, and customers who give high satisfaction ratings to the business. They are provided a unique link and asked to share it in their network. The sales that happen through the link are attributed to the customer, who becomes eligible for a reward or gift. Affiliate programs are developed for content creators and website owners who have already established themselves in their niche. The brand aims to attract the affiliate’s audience through the program. Each affiliate is also provided with a link, used by the audience to know more about the brand they promote. The affiliate earns a flat fee or a commission (or both) for generating leads and bringing customers to the business. An affiliate may or may not be a customer. Relationship with the Target Audience Referrals are usually successful because the customer has a closer relationship with the other person. There is a direct relationship between both parties, and this benefits the brand. You are more likely to convince your friend or cousin to buy a product if you know their preferences and have a positive relationship with them. In affiliate marketing, the affiliate doesn’t need to have a direct relationship with the target audience or website visitors. Any person who visits the website can click on the affiliate link. However, even affiliate marketing will be successful when affiliates or publishers inspire trust in their subscribers. A good example is an influencer or podcaster. They don’t personally know every one of their followers but have some amount of influence on them and can encourage the followers to try a product or service. Approach or Strategy Referrals use a direct approach with a clear intention. Customers send referral links to people in their network as chat messages on social media platforms or texting apps. The customer explains the product or service to their friend and convinces them to try it. They play the role of a salesperson but with a personal connection to the prospective lead. Referral links are not usually posted in blogs as customers have a better chance of convincing the other person with a direct approach. Affiliate marketing is less direct in its approach. The links to the affiliate products or services are included in informational blogs, social media posts, newsletters, etc. Unlike referral links, affiliate links are not sent as direct messages. Affiliates don’t always directly promote the brand. They hint or provide options, adding a disclaimer about their connection with the business. Moreover, some affiliate links visitors to a landing page where they have to complete an action. In such instances, the affiliate earns

Yashica Chopra
November 23, 2023
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6 Top Managed Analytics Service Providers in Real Estate

Data analytics and predictive analytics play vital roles in the real estate industry. Agencies and brokers can opt for managed analytics services to access real-time actionable insights and make faster decisions. Here, we’ll discuss the top Managed Analytics Service Providers in Real Estate The global real estate industry is constantly evolving, be it an increasing demand for residential property in the suburbs or the faster adoption of technology to automate underwriting and speed up sales. Statistics show that around 85% of real estate firms encourage the use of different listing software to create quick and up-to-date lists of available properties for sale. Another report suggests that 47% of homebuyers do an online search before approaching an agent. According to a Deloitte survey, 56% of real estate businesses strongly agreed that the pandemic exposed their shortcomings in technology and the need to digitally transform their businesses. This nudged many real estate agencies to work with third-party service providers to derive actionable insights about properties, prospective buyers, and sales for varied parameters. Hiring managed analytics services is a cost-effective method to gain a competitive edge and provide homebuyers with the right property options. So, which is the best analytics company? Who should a real estate agency partner with to derive real-time analytics? Let’s find out in this blog. What is Data Analytics in Real Estate? Real estate data analytics is the process of collecting, cleaning, storing, and analyzing information about properties, buyers, developers, land owners, etc., to make data-driven decisions. It provides reports about investment forecasting, potential price fluctuations, the right time to list a property for sale, choosing suitable tenants, and much more. Real estate brokers and agencies find it easier to hire analytics managed services instead of building a model from scratch. The service providers will build and customize an analytical model for the agency and provide accurate insights through interactive dashboards. The service provider takes care of managing, maintaining, and upgrading the data-driven model. Top Managed Analytics Service Providers in Real-Estate Managed analytics services have been popular in various industries before entering the real estate sector. Companies offer IT and non-IT managed services to startups, SMBs, MSMEs, and large enterprises. As per Fortune Business Insights, the global managed services market will touch $283.90 in 2023 and reach $671.14 in 2030 with a CAGR (compound annual growth rate) of 13.1%. Here, we look at the best managed analytics service providers catering to real estate agencies. DataToBiz DataToBiz is the top managed analytics service provider offering tailor-made solutions to help businesses achieve their goals and gain an edge over competitors. The company empowers establishments to unlock the power of data and create new possibilities for business growth. It has helped real estate agencies collect data from several external sources and run analytics to derive actionable insights. It provides end-to-end services to derive intelligence reports, manage datasets, build AI and ML models, and set up third-party integrations. The company converts raw data into reliable data visualizations for effective decision-making. It provides long-term support and maintenance services to increase precision across all departments in the business. DataToBiz specializes in delivering predictive analytics to optimize future decisions. It also offers analytics as a service and embedded analytical dashboards for businesses that don’t want to build a full-time system. Smartzip Smartzip offers data intelligence services exclusively in the real estate industry. It is used by many agents to list leads through smart farming and models with predictive algorithms. The company has 72% accuracy in predicting sales of properties within the 12 to 18 months range. The platform uses 24 data sources and works with over 5K agents to leverage real estate data for effective decision-making. The Close has voted Smartzip as No.#1 in the predictive sellers’ category. The company also has a detailed guide for agents and brokers to enhance their skills. Moreover, the platform doesn’t limit itself to ZIP-based search. Instead, it uses several parameters to provide in-depth information. From automated marketing to building a brand name and getting real-time leads, the company supports real estate agents in many ways. Catalyze AI Catalyze AI is a real estate lead generator focusing on inherited properties. It provides real-time insights into inherited properties in the region that are ready for sale. The company’s data management services provide exclusive listing leads within a 20-mile radius of the agent’s location. It combines historical data, event-driven data, real-time data, and behavior analytics to deliver comprehensive lists containing properties with the highest propensity for selling. The company’s powerful AI algorithm uses 400 million data points to increase ROI for real estate agencies by improving the conversion rate. Catalyze AI works with big data and AI to deliver predictive analytics and help brokers close more deals successfully and approach a customer before competitors. The company also has a platform for businesses from the financial industry. Likely.AI Likely.AI is a real estate artificial intelligence and data analytics managed service provider that uses its own patented Pre-Market AI tool to help real estate agents. It predicts sellers, triggers automated notifications, updates missing details and contact information, and can be integrated with the business CRM to streamline communication. The platform is integrated with ChatGPT to create content for email marketing and promotions. The company can boost lead-securing by up to 82%. Likely.AI provides information about properties that will hit the market in the next 90 to 180 days. This helps brokers find suitable homebuyers and approach customers before others. It also has a refresh engine where agents can enter the property address to get the necessary information. Agents can also upload their data to the platform and run analytics to get intelligence reports in real-time. TopHap TopHap is a real estate analytics company offering a robust platform to get insights about properties, price variations, natural disaster risks, etc. It offers geospatial data visualization and analysis focusing on residential and commercial real estate. The company has a large library with 47 trillion records and covers 150 million parcels across the US. It has different tools to help real estate agencies streamline lead generation and management, sales, and other services. For example, the Analytics Studio combined with

Manpreet Kaur
November 22, 2023
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Become a Successful Affiliate in 2024- 10 Proven Tips and Tricks

Do you want to make money online? or start a side hustle? Well, affiliate marketing is one of the best ways to do that. All you need is an online platform where you can promote products and services of other brands and earn commission. Read this blog to discover 10 market-smart ways that’ll help you become a successful affiliate in 2024. Affiliate marketing is an evolving industry and has grown to approximately $14.3 Billion globally in 2023. Projections from the Influencer Marketing report indicate a further surge, with affiliate marketing spend increasing to $15.7 billion in 2024. To navigate the affiliate marketing landscape, aspiring affiliates not only need to keep pace with the industry’s growth but also employ cutting-edge affiliate marketing strategies. In this blog post, we’ll explore key tips and tricks that can help you master how to start affiliate marketing and earn money online in 2024. Stay Informed about Industry Trends One of the cornerstones of successful affiliate marketing is staying informed about the latest industry trends, standards, and protocols. The digital marketing landscape is constantly in flux, with new technologies, consumer behaviors, and algorithm updates shaping how affiliates operate. Regularly consuming industry news, attending webinars, and participating in relevant forums will keep you abreast of the latest developments, giving you a competitive edge. Choose the Right Niche Opting for the right niche is a crucial step in becoming a successful affiliate. While it may be tempting to promote a wide range of products or services, focusing on a specific niche allows you to establish yourself as an authority or expert in that space. Look for industries that align with your interests, have a sizable audience, and demonstrate growth potential with less competition. Conduct thorough research to identify businesses with products or services that address specific pain points within the target audience. Build a Strong Online Presence A robust online presence is essential for affiliate success. This involves creating a professional website, optimizing it for search engines, and leveraging social media platforms to connect with your audience. Consistent and valuable content creation, such as blog posts, videos, and infographics, can help establish your credibility and attract a loyal following. Utilize platforms like WordPress, Squarespace, or Wix to create a visually appealing and user-friendly website that reflects your brand. Invest in Quality Content Content is king in the digital marketing realm, and affiliate marketing is no exception. Invest time and effort in creating high-quality, engaging content that adds value to your audience. Whether it’s through blog posts, product reviews, or video content, your goal should be to inform and persuade your audience to make informed purchasing decisions. Additionally, regularly updating your content keeps it relevant and helps improve your search engine rankings. Diversify Your Traffic Sources Relying on a single traffic source can be risky, especially considering the ever-changing algorithms of search engines and social media platforms. Diversify your traffic sources to mitigate this risk. Utilize a combination of organic search traffic, social media marketing, email marketing, and paid advertising to reach a broader audience. By spreading your efforts across multiple channels, you’ll be better equipped to adapt to changes in the digital landscape. Choose Reputable Affiliate Programs Not all affiliate marketing programs are the same, and choosing the right ones can significantly impact your success. Prioritize the best affiliate programs that offer easy commission structure, reliable tracking, and transparent payments. Research potential affiliate partners thoroughly, considering factors such as the quality of the products or services, the reputation of the merchant, and the payment terms. Establishing partnerships with trustworthy affiliates enhances your credibility and builds trust with your audience. Optimize for Mobile In an era where mobile devices dominate online interactions, optimizing your content and website for mobile is non-negotiable. Ensure that your website is responsive and provides a seamless experience across various devices. Google’s algorithms also prioritize mobile-friendly websites, making optimization crucial for search engine visibility. By catering to mobile users, you’ll tap into a vast audience and enhance the user experience for your visitors. Focus on Building Relationships Successful affiliate marketing is not just about transactions; it’s about building relationships. Engage with your audience through social media, respond to comments and messages, and create a sense of community around your brand. Building relationships fosters trust, and a trustworthy affiliate is more likely to convert leads into customers. Additionally, consider collaborating with other affiliates or influencers in your niche to expand your reach and credibility and make money with affiliate marketing. Implement Data Analytics Data is a powerful tool in affiliate marketing. Implement analytics tools to track and analyze user behavior on your website. Understand which strategies are driving traffic, what products are gaining traction, and where your audience is coming from. This data-driven approach allows you to optimize your efforts, refine your marketing strategies, and make informed decisions to maximize your affiliate earnings. Stay Compliant with Regulations As the digital marketing landscape evolves, so do regulations surrounding online advertising and affiliate marketing. Stay informed about relevant laws and regulations to ensure that your practices comply with legal standards. This includes disclosing your affiliate relationships transparently and adhering to privacy and data protection regulations. Non-compliance can not only harm your reputation but also lead to legal consequences. What is the future of affiliate marketing in 2024 and beyond? As we head towards 2024, technologies such as Artificial Intelligence, Machine Learning, and Predictive Analytics will play a crucial role in assisting businesses to optimize their affiliate campaigns. The B2B companies are opting for partner marketing strategies to improve their reach and conversions. With the increasing demand for automation and tracking, AI and bots will help companies get real-time insights into campaign performance, track actions that yield results, and measure the efficiency of affiliate channels. A report by IMAI states that the affiliate marketing sector is set to touch $835 million by the year 2025. This remarkable forecast indicates a growing trend of individuals choosing affiliate marketing as a revenue source and finding success in the field. In

Manpreet Kaur
November 21, 2023
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Exploring Future Tech Trends in Data Science Managed Services

Find out how technologies including AI and ML have transformed the future of data science managed services. From tackling the “black-box” problem with Explainable AI to overcoming data governance and privacy concerns, the new technologies can help data scientists deliver value and success in an increasingly data-driven world. Businesses are generating massive amounts of data and there’s no doubt that harnessing the data potential is crucial for staying agile. Managed analytics services have emerged as a game-changer, enabling companies to make data-driven decisions, analyze customer behavior, and drive innovation. As we look ahead to the future of data science managed services, it’s essential to not only understand the emerging technologies and trends but also to foster a better and more professional relationship with our clients. Understanding the Role of Data Science Managed Services The global data science market reached a valuation of USD 95.3 billion in 2021 and is anticipated to increase at a CAGR of 27.7% from 2021 to 2026. Data science managed services have been widely adopted by organizations to access deep expertise and tailored solutions to extract insights from their unstructured data sources. Whether it’s augmented analytics or data management, these specialization services are designed to help clients derive actionable insights from their data, all while saving time and resources. To succeed in this field, it’s crucial to keep pace with the latest developments. Here are some of the emerging technologies and trends that will shape the future of data science managed services. Artificial Intelligence (AI) and Machine Learning (ML) Integration of AI and ML into business processes is becoming increasingly integral to data science-managed services. These technologies can analyze complex data sets, make predictions, and automate decision-making processes. By leveraging AI and ML, data scientists can deliver more accurate and efficient solutions to their clients. Explainable AI (XAI) Tools One of the challenges in AI and ML has been the “black box” problem, where models make predictions without providing insight into their decision-making process. Explainable AI is gaining traction as a trend, as it allows clients to understand and trust the decisions made by machine learning models. Data Governance and Privacy Increased focus on data governance, compliance, and privacy will continue to be crucial concerns within enterprises. Clients expect their data to be handled securely and ethically. Adhering to regulations like GDPR and evolving privacy standards is essential. As data scientists, it’s our responsibility to ensure the data we use is both legal and ethical. DataOps and MLOps DataOps and MLOps are emerging practices that bring DevOps principles to data science and machine learning. These approaches streamline the development, deployment, and maintenance of data science solutions, leading to more efficient and reliable processes. Automated Data Science Automated machine learning (AutoML) and other AI-driven tools are simplifying data science analytics. These tools allow for faster model development and deployment, making data science-managed services more accessible to a wider range of clients. Cloud Computing With data growing exponentially, cloud computing platforms are necessary to store and process this voluminous information. Organizations now have scalable and accessible solutions to store and process data more effectively, enabling quick decision-making through a comprehensive data analysis. The flexibility and scalability offered by cloud-based platforms help organizations to overcome the traditional data management challenges. Internet of Things (IoT) The Internet of Things plays an important role in improving the efficiency and effectiveness of data insights. IoT data analytics make it easy to handle large volumes of data and optimize data collection and decision-making processes to create an adaptable environment conducive to growth. IoT reduces human intervention, facilitating quick processing of raw data and full automation. Also, it offers a more holistic and real-time approach to data analysis, allowing for dynamic adjustments, and thereby improving client outcomes. In a nutshell, IoT ensures optimal business performance by tapping new opportunities, increasing sales, and offering an exceptional customer experience. Conclusion As the future of managed analytics services unfolds, we not only meet with exciting advancements but also new challenges. By embracing emerging technologies like data-as-a-service(DaaS), AI, ML, and Explainable AI, we have the potential to unlock even more value for our clients. However, it is equally important to foster strong professional relationships with our clients. This can be achieved through open communication and collaboration between data scientists, providing personalized solutions, and upholding ethical practices. As the landscape of data science managed services continually evolves, our focus should always be on creating value for our clients and aiding them in thriving in a data-driven world. Fact checked by –Akansha Rani ~ Content Creator & Copy WriterSunaina Meena ~ Digital Marketing Specialist

Yashica Chopra
November 17, 2023
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6 Top Managed Analytics Service Providers in Manufacturing

Manufacturers can overcome business challenges and gain a competitive edge by investing in real-time analytics and reporting. Here, we will discuss the importance of managed analytics services and Top Managed Analytics Service Providers in Manufacturing to work with. Managed analytics services have become popular in the last few years. Many businesses, including enterprises from the manufacturing sector, are hiring third-party and offshore service providers to implement analytics and derive real-time insights for effective decision-making. According to Global News Wire, the global manufacturing analytics market grew at a CAGR (compound annual growth rate) of 20.7% from 2022 to 2023 to touch $11.98 billion. It is expected to touch $27.27 billion by 2027 at a CAGR of 22.8%. The manufacturing industry needs analytics and actionable insights to make proactive decisions about raw materials, vendors, supply chain, warehousing, marketing, shipping, customer service, etc. It helps in making faster decisions and gaining a competitive edge in the markets. In this blog, we’ll read more about managed analytics services and the top service providers in the manufacturing industry. What is Data Analytics in the Manufacturing Industry? Data analytics is a crucial part of the modern manufacturing industry or Industry 4.0. It helps enterprises effectively streamline production, quality control, warehousing, and distribution. Data analytics in manufacturing also helps with predictive maintenance to prevent unexpected machine breakdowns and supply chain disruptions. As per a report by Fortune Business Insights, the global smart manufacturing market is estimated to reach $658.41 billion by 2029 at a CAGR of 13.1%. Operational systems and machine data are used to improve the overall factory performance and increase the return on investment. Data analytics in the manufacturing industry is also called manufacturing analytics, where machines, people, and technology are aligned to get the best results. It minimizes the risk of errors, which can cause losses and unexpected expenditures. Top Managed Analytics Service Providers in Manufacturing Manufacturing analytics can be seamlessly provided by many leading service providers. Here’s a brief list of the top service providers in the international market. DataToBiz DataToBiz is one of the leading managed analytics service providers in the manufacturing sector. The company has a vast client base and a presence in different countries around the globe. It works with MSMEs and large enterprises to streamline factory operations, procurement, supply chain, and much more. The company builds customized OEE (Overall Equipment Effectiveness) dashboards to help manufacturers reduce production delays and increase factory performance. The company offers other services, such as the following: DataToBiz offers end-to-end managed predictive modeling and procurement analytics to reduce costs and optimize resources for an enterprise. It has certified and experienced data analysts, data scientists, AI and ML engineers, etc., to build, deploy, implement, integrate, monitor, maintain, and upgrade data-driven models according to clients’ requirements. DataToBiz has won several awards for being a trustworthy and transparent service provider. Alteryx Inc. Alteryx powers analytical solutions for clients from diverse industries. It provides manufacturers with the necessary setup to make faster and more confident decisions at all levels and departments. The company offers a low-code customizable platform with drag-and-drop features to access actionable insights through data visualizations. It specializes in analytics insights delivery with automated reporting. The company offers the following solutions: Alteryx automates different steps of the process to speed up data preparation and third-party system integration. From providing advanced analytics to creating predictive models based on event triggers and converting the analytical process into automated applications, the company offers tailor-made solutions for manufacturers to unlock the power of data. It has partners in over 90 countries and follows a client-centric approach to deliver the promised results. LatentView Analytics LatentView Analytics is a global pure-play data analytics company that helps businesses realize their potential and make the most of operational and customer data to maximize ROI. The company offers data analytics managed services in manufacturing through different analytical solutions using artificial intelligence and machine learning applications. These analytics increase the accuracy of demand forecasting reports to promote efficient decision-making. A few services offered by the company are listed below: Enterprises can use customer and marketing analytics to know what the users want. They can use connect vehicle analytics to streamline transportation and monitor distribution in real-time. Similarly, the supply chain and manufacturing analytics offered by the company help identify bottlenecks and overcome challenges. LatentView Analytics also offers enterprise-wide functional analytics to improve overall business performance and productivity. Oracle Corporation Oracle is a global tech company offering a range of services to help businesses use the latest technology for day-to-day work. It builds and deploys software, customizes databases, and sets up third-party integrations. The company empowers enterprises to rethink manufacturing by revamping supply chains, adopting advanced equipment, and running analytical reports. It promotes smart manufacturing by helping enterprises adopt Industry 4.0 solutions. The company offers the following services: Oracle provides data science managed services and real-time analytics through cloud-based applications. It accelerates innovation and boosts brand value in the market. The company helps manufacturers automate processes and scale applications based on their needs. It was named the Leader in 2023 Gartner® Magic Quadrant™ for Warehouse Management Systems for providing seamless data warehousing to small, medium, and large enterprises. Tredence Tredence is a data science company that helps enterprises bridge the gap between delivering insights and value realization. It offers analytics strategy and solutions to help clients reconsider limitations and overcome challenges. The company uses its powerful ecosystem to assist enterprises in achieving their business goals by leveraging data and analytics. It follows a vertical-first approach by developing AI and ML models to accelerate solutions. The company’s services are listed as follows: Tredence helps enterprises move from static to smart manufacturing by adopting artificial intelligence applications to derive actionable insights. The company fast-tracks value creation and promotes high-speed performance by generating reliable and accurate manufacturing analytics. It helps enterprises drive higher data efficiency and build a resilient system for decision-making. Sisense Sisense believes in innovation and accelerates growth by offering AI and ML capabilities to clients. It is a global analytics company working with startups, SMBs, and large enterprises. It streamlines the analytics lifecycle in a

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