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10 Best Robo Advisors

Are you curious about Robo advisors and wanna know and how do Robo advisors work? Well, stick till the end of this article to find out about everything you’re curious about along with the best Robo advisors available in the market.

Let’s dive into the topic then. 

What is a Robo advisor?

The first thing that you should be understanding is about Robo advisors. Robo advisors are digital financial platforms that are driven by the algorithm. They provide automated financial services without any human intervention. Perfect! Automation has been making its mark across different industries. The financial sector is no different from other sectors. It is also slowly embracing automation.

With Robo advisors, even beginners can easily invest and attain their future goals. Does this bring us to how do Robo advisors work? Well, it is quite simple. They collect information about the investor’s financial situation, their spending habits, and their future goals through a survey. Based on the information they have gathered, they will provide you with appropriate advice to achieve your goals. Robo advisors usually have low pricing as less personnel is involved.

Now that you have understood, how do Robo advisors work? You must be curious to know about the best Robo advisors in the market. Hundreds of Robo advisors are available in the market. And it can be quite confusing to choose a robo advisor. The first and foremost thing to do before choosing a Robo advisor is Robo advisor comparison. Yup! You heard it right. While conducting a Robo advisor comparison all you have to do is, check whether the setup is easy, offering tools to make investment easy, pricing, etc.

These are a few things that you should consider when choosing a Robo advisor. In case you’re wondering which Robo advisors are worth your time and help you in investing different investments at a low cost. No worries, Postling is here to your rescue. In this article, you will find different Robo advisors and Robo advisor comparison reviews.

Here is a list of the best Robo advisors that will help beginners in improving their net worth.

SoFi

The first Robo Advisor on the list is SoFi. By becoming a member of this platform you can put a rest to your investing worries. It provides you with the right advice so that you can save your money better. Yup, you heard it right. With SoFi you can pay-off your debt sooner and also start investing in your future. Be it paying off debt or investing in the future or refinancing your mortgage you can do everything. That is why SoFi investors call this app an All-in-one investing app. Why do you think investors choose this platform? The answer is quite simple, SoFi is easy to use. Yes, most people prefer this platform as they can invest without fuss.

The setup is also quite easy, all you have to do is open a cash management account. Once you open the account you can just start investing. Apart from that, you can also track your spending habits. Sofi offers various products relating to investing. From borrow to spend this platform offers various tools that make investing pretty simple. Even if you sign up for one of the products you automatically become a member of SoFi. More than 1 Million people are using this platform. Once you become a member you will get access to all the exclusive benefits that will lead you to success. 

Visit Website: Sofi

Betterment

This investment platform shapes your spending, improves your savings, and helps you in investing better. One thing that is common among all the investors, be it beginners or experienced is they have financial goals they want to achieve. But the problem is most people don’t know how to achieve them. All they are missing is guidance. This is where the Betterment platform comes into the picture. With this platform, you can earn 38% more than an average investor over 30 years. All you have to do is follow the recommendations offered by Betterment and you’re on your way to make most of your investment.

The best thing about this platform is that its investment portfolios are purpose-built. They will recommend a portfolio that is specific to your needs. It usually depends on factors such as your goals and the time when you want the returns they will make these recommendations. This is specially designed to help you achieve your goals whilst earning as much as possible. Not only that this platform is also offering socially responsible investing options too. Simply put, you can invest in companies that align with your values.

There is no doubt that this is one of the best Robo advisors out there. Another reason why most of the investors are interested in this platform is because of the dashboard. Yup, their dashboard makes it quite easy for you to track all your investments. When you can see and track all your investments in one place even the platform can provide you with better guidance too. Even if you don’t have your investments in Betterment they provide you with all the necessary advice to maximize your earnings. They are built on smart tax strategies.

Even if you don’t think about tax saving whilst investing, Betterment thinks it on your behalf and provides you with tax-smart strategies. Simply put, you can save money on taxes and improve your earnings. Lastly, with this Robo advisor, you can get help for anything that you want, be it a safety net or major purchases or for their retirement or education, etc. Compared to other Robo advisors the pricing is also quite affordable. They charge an annual fee of 0.25% of your balance. You can also select their premium plan which comes with an annual fee of 0.40%. So choose a plan that matches your requirements and start investing smartly.

Visit Website: Betterment

Wealthfront

When you did the Robo Advisors comparison on the internet, you would have already found out the Wealthfront. If you are someone looking for Robo Advisors that will help you in enhancing your investments, then you must have already found out about this platform. Wealthfront is designed to help people earn better. If you want to enhance your wealth, then you must stop letting your money sit in the bank. Yes, you heard it right!

Although your money is safe in the bank, you will not be receiving a lot of earnings from it. One thing that most people lack- is the guidance for investing. Since not everyone is a prodigy when it comes to investing, they will be worried about whether they are making the right decisions or not. It is quite natural to have doubts. But with Robo advisors, you can put your worries to rest. 

They provide you with recommendations that match your requirements. Not only that, they make recommendations by considering your goals. One such Robo advisor is the wealth front. This platform is designed to help people earn more. Wealthfront will optimize your finances and provide you with maximum earnings. This platform runs on a technology that will maximize your money without any effort from your side.

The vision of this platform is self-driving money. This technology is something that will take care of your money, and make sure that your finances are well-managed. Wealthfront promotes this technology and all you have to do is- deposit your paycheck with them and click on a button, the rest will be automated. They will optimize all your expenses i..e, savings, spendings, and investments. 

Confused about what is this all about? 

The software will handle everything. From paying your bills to investing the remainder of your paycheck, it will take care of everything. Also, you can enjoy the high interest in their cash account. It provides you with an opportunity to earn 0.35% APY on your everyday cash. Wealthfront has become a favorite Robo Advisor to many investors- as their software executes all the best practices automatically without the investor’s involvement. Even when you’re busy earning money they will manage your investments with efficiency.

Visit Website: Wealthfront

Vanguard

Finding an advisor who puts your needs first is a blessing in disguise. Vanguard is the advisor that you have been looking for everywhere. It has around 30 million investors-with their individual goals and unique stories. Every successful investment strategy starts with a plan. Choose your plan and then work with the advisor to get personalized support to achieve your goals. This Robo Advisor provides you with digital advisors too.

The investors will receive personalized automated investing through Vanguard. With Vanguard’s Robo Advisor, you can easily track your retirement goals. The powerful track record of high-performing assets and proven investment methodology drives this platfrom. For a digital advisor, you need $3000 to enroll apart from this there will be no other commissions or trading fees. They charge about 0.15% of your balance annually.

Robo advisor will automatically adjust and manage your investments so that you can achieve your goals within the stipulated time. All you need to do is set your profile, personalize it based on your goals, and go on with your life. Yup, you heard it right!!! Once your profile is set, the digital advisors will manage and make adjustments to your profile to help you achieve your goal. 

Visit Website: Vanguard

M1 Finance

Are you looking for a Robo advisor that will help you in building your long-term wealth? M1 Finance is a one-stop destination for investors, from investing to spending you can do everything on this platform. Automating your investments can seem a foreign concept for many. However, automating can be the right decision for you. With M1 finance, it will prove to be the right decision for you. While you concentrate on other aspects of your life, M1 finance will manage your day-to-day activities. This platform is made perfect, as it has the right mix of automation and personalization. You can choose your moves and make them.

Another reason for the popularity of M1 Finance is fewer fees, smart strategies, and smarter tools. Yes! This platform has fewer fees compared to other platforms. As you know, every penny saved can be invested, so, fewer fees mean you can invest more money. M1 Finance’s vision is to help them accumulate wealth in the long run. And the best part is, they know that it cannot be done through day-trading. They don’t encourage their users to neglect retirement accounts. With this platfrom, you can invest your money as you want. Yup! As it is your money and this platform is automated and customizable.

It’s your money and you will have say in where it needs to be invested. Not only investing, but you can also borrow your way. Cool, right! You can borrow at the lowest rates compared to the market. You can borrow against your investments at an investment rate of 2-3.5%, and the best part is you don’t need any extra paperwork. With M1 Finance, you can also spend your money your way. It can be easily integrated with your investments. If you want access to exclusive rewards and features then you can upgrade. With the upgrade, you will be getting access to more discounts and rewards. 

Visit Website: M1 Finance

Ally

Ally is one of the best Robo advisors on this list. It assists investors in investing according to their will. With this Robo advisor by your side, you can invest the way you want. Cool right! They will show you how you can invest. The reason why most investors are choosing Ally is that it provides investors with a choice of how they want to invest their money. One thing that you must know about this platform is, it is not your average Robo-advisor. It provides portfolios for all types of investors.

If you want to be socially responsible, they have a portfolio for that, or if the investor wants to make tax-optimized investments, they are up for that also. The investors can rest assured as the portfolios will be created based on their personal goals, risk tolerance, and time. Even if the ratios in your portfolio change after a certain time, they will rebalance your portfolio to stay on track to your original goals. And the best part is, there will be no annual charges or advisory charges.

Be it an experienced investor or a newbie or in-between they can rely on this platform to reach their goals. Investors will find different investment options such as stocks, bonds, ETF’s, Marginal accounts, options, etc. The stocks, Options, and ETF’s are commission-free. The investors only have to pay 50¢ per contract. It provides investors with market analysis tools and in-depth research, so you can be assured that they support all types of investment strategies. If you’re still in doubt about this platform, don’t be! They offer an intuitive trading experience, you can seamlessly connect across multiple devices.

Investors can access their profiles and manage their portfolios with ease. Through their informational articles, you can gain knowledge and understand the market trends along with investment strategies better.

Visit Website: Ally

Stash

Stash is a Robo advisor that offers the best financial advice to investors. This Robo advisor is a platform that is perfect for beginners. Stash has made it easy for small-time investors to start with a small amount too. Yup! You can start investing with as small as $5. Stash provides you with an opportunity to invest what you can afford. Yes, most of the Robo advisors offer financial advice. However, the problem is that they have to invest the stipulated amount and have a portfolio and manage them.

But this is different with Stash, you can start investing with as small of the sum as possible. This will present investing in a different light to the beginners. Stash also provides you with the stock-back card, through this card you can get the stock in well-known brands. They will also protect you from hidden banking fees too. With Stash, you will be investing in your future and your family. Their three plans will help you in building wealth. More than 5 million people have trusted this platform. Choose a plan that matches your requirements.  

Acorns

Robo advisors provide financial advice without human intervention. Acorns is one such Robo advisor that helps you in growing your money. This is an all-in-one financial platform. From investment to checking, you can do everything related to finance on this platform. Another best thing about this platform is, it hardly takes 5 minutes to get the investment accounts. Yup! You’re just five minutes away from becoming financially independent.

Acorn makes it easy for people to invest. You can invest any spare change that you have. Not only that, you can put money aside from your paycheck and invest that to grow your money. Acorns also have smart portfolios that automatically adjust, so that you can make your money grow. You can put your faith in this platform. As it is backed by the leading innovators and investors.

More than 8 million people have trusted this platform. If you’re concerned about the security, no worries, they have bank-level security and also have two-factor authentication for additional security. Acorn will provide you with a heavy metal debit card that makes it easy for you to invest and spend for you. Not only investing, but you can also search for jobs on this platform too. Acorn will also provide you with money-related tips and tricks so that you can earn more and invest more. It is offering three different plans i.e., Lite, Personal, and Family. So choose a plan that works best for you. 

Visit Website: Acorns

Ellevest

Ellevest is a platform that is built for women by women. Yup! This is a financial platform that is just made for women. It is high time that women claim their financial independence. All you have to do is, sign up, get access, and stay on track. When you sign up you must tell them a bit about yourself, along with that select a plan that suits you. The best part of this Robo advisor is you can cancel it at any time and you can start investing with $1/month. Once you get the access, you can invest, learn, banking, etc. You don’t have to worry about hidden fees, minimums, and barriers. They also offer you monthly progress reports that will help you to analyze whether you’re on track with your goals or not.

If you’re on track you can celebrate and stay on track, if not you can adjust them accordingly. The primary goal of this platform is to get women to invest more money. Start investing from today and take the reins of your finances into your hand. They will invest your money while taking into consideration pay gaps, longer lifespans, and career breaks. You can work with their coach to take your career and investment to the next step.  Also, they offer users a debit card that provides 5% cashback from stores they already shop.

You will also get quick tips, guides, courses. You can learn at your pace all these tips and courses are curated by career coaches and financial planners. Apart from helping women save they will also help them with 401 (K) or transfers relating to SEP-IRA or traditional Roth. Well if you want to invest $1M or more they will assist you with that too. You can get private Wealth Management services too. 

Visit Website: Ellevest

Charles Schwab

Robo advisors have changed the way financial platforms operate. The Robo advisors build and manage your portfolio. The users don’t have to work as the Robo advisor does everything. Schwab intelligent portfolios Robo advisors will help the users in improving their wealth. It monitors, builds, and rebalancing your portfolio depending on your goals. You can start investing with $ 5,000. The costs are also low and you will not be required to pay any other commission or advisory fees. The secret behind low-cost is, users can invest in low-cost ETFs. Since the primary reason behind investing is to make wealth.

So it is not an exaggeration to say that cash is the motivation for people to invest. Schwab will place a portion of your portfolio in FDIC-insured deposits at the Schwab bank. From College to retirement you can invest to achieve any of your goals. Schwab offers its users a diversified portfolio so that you can invest in different asset classes so that you can balance the risk ratio and improve your earnings or net worth.

Schwab uses Robo-advisor technology, it monitors and rebalances the investment in your portfolio automatically according to your goal. Also, they help you in tax efficiency too. From Custodial to trust accounts it offers different account types too. If you want more professional guidance you can get it from Certified Financial Planner. They create a customized plan that will help you in reaching your goals. Get started once you’re ready, this Robo advisor will help you in making the right decisions related to your finance and develop your net worth. 

Visit Website: Intelligent Schwab

TD Ameritrade

This platform is an online brokerage platform that makes you a smart investor. Yup! Robo advisors have made it easy for people to save and invest. It provides investors with knowledgeable professionals along with industry-leading tools. The sole purpose of this platform is to make investors smarter and confident. Charles Schwab, the above-mentioned Robo advisor, and Td Ameritrade are now under one company.

The combined power of two of the best Robo advisors will surely work in the favour of your financial plan. Their goal is to deliver their customers the best experience. They are offering users powerful platforms that enable them to trade without any trade-offs. Be it their mobile platforms are desktop, they are designed for performance. Not only that, they are focusing on creating learning experiences for their customers.

It provides all the information you need to excel in investing. TD Ameritrade provides users with a wide variety of tools, products, and education along with research and accolades. The commission-free trading of TD Ameritrade makes it even more important for the customers. 

Visit Website: TD Ameritrade

Wrapping up

Hope that you have found all the information you’re looking for about Robo advisors. Now that you have understood what Robo advisors are. You can use these Robo advisors to improve your portfolio and enhance your net worth. In this article, you would have read about all the platforms and see the Robo advisors comparison.

The sole motive of this article is to provide users with a Robo advisor review that will help them in making the right decisions. You can rely on Robo advisors to provide you with financial suggestions that will help you in reaching your goal. The above-mentioned list of Robo advisors is the best Robo advisors in the market. If you’re planning to invest, then Robo advisors are truly perfect for anyone out there-beginner or experienced. 

How many subscribers do you need to make money on YouTube?

YouTube is the new television. With more than two billion users log in each month, YouTube is the world’s second most-visited website after Google. On average, five billion YouTube videos are watched every day. Users spend an average of 40 mins per YouTube session. The platform is an open space for creators, hobbyists, and even professionals to showcase their talents. 

YouTube thrives on making quality content. In fact, YouTube offers unique and exclusive monetization opportunities for creators who contribute a good deal to this platform. There are common people-turned celebrities who are earning six figures by doing just about anything that entertains their audience.

According to a Forbes report, Ryan Kaji, a nine-year-old toy reviewer, made a whopping $29.5 million with 12.2 billion views and 41.7 million subscribers. His YouTube channel- Ryan’s world- is one of the top 100 most-subscribed YouTube channels in the USA. The idea is plain simple. Honestly, many find it rather amusing as to how a video with such a simple concept amasses this huge following. 

There’s no secret to success on this platform- except for consistency, creativity and views. Who would have ever thought that toy review videos can make a million dollars per year? This is just a testimony to the sheer popularity and the potential YouTube offers in terms of monetization. Yet, not every creator on this platform can make millions of dollars.

As opposed to the popular belief, leaving the monetization avenue to YouTube’s algorithm wouldn’t promise good bucks. Sometimes even if a YouTube channel has a million followers, if there’s no proper business plan around it, making a thousand dollars would also be a daunting task.

So the key to making money on YouTube is to learn how to monetize their influence and plan their channel’s business strategy. Even a creator with 2k followers who collaborates with affiliates can earn a decent commission for every sale they make.  

How do people make money on YouTube? 

Generally, creators make money on YouTube by increasing their audience base and getting more likes, views, shares, and subscribers. Other than that, there are some popular methods through which people make money.

Affiliate links

Affiliate marketing is the most preferred and chosen way for creators, bloggers, and influencers to monetize their influence and follower base. If you feature a product in your video or review a product, you can post the affiliate link in your video description. Whenever a viewer clicks the link and purchases the product through the affiliate link, you receive a commission. 

Merchandise

Customized merchandise is always a big hit. Once you build your niche and get started with creating videos related to your selected niche, you can sell merchandise either of your own or by collaborating with any brand. You can drop the link in your video description and ask viewers to check your signature merchandise. The merchandise can be anything from fridge magnets to printed T-shirts.

Sponsorships

If your YouTube channel has more than 1000 subscribers, brands are likely going to sponsor you for making videos on their products or services. However, for brands to approach you directly, your channel needs to have an active engagement rate and quality content. The higher the subscribers and subscriber engagement, the better chances to get noticed by brands. 

Donations

Your subscribers can donate money if you need monetary support for producing quality content. Many YouTube creators receive donations from their followers either through Patreon or through other channels. 

How many subscribers do you need to make money on YouTube?

YouTube Partner program is the most rewarding and revenue-generating stream for content creators to make money on YouTube. This is a unique channel where creators can integrate their Google AdSense account to YouTube and earn money whenever viewers see the ad. To be able to access the YouTube Partner Program and be eligible for monetization options, a YouTube channel needs to have a minimum of 1,000 subscribers and have more than 4,000 watch hours in the past 12 months.

You get paid whenever a viewer clicks on the ad featured or watches your video for at least 30 seconds or more. But for someone to watch your content for more than 30 seconds, you need to brainstorm a lot about creating engaging and user-loving content consistently.

Sometimes even when you have a subscriber count of more than 2000 or more, if people skip your video before 30 seconds, you can’t really make much money. So it all boils down to the fact that quality content rules your chances of making good money through this platform. 

Also, it is important to note that some ads pay per click and others pay per view.

But what are the odds that a viewer will watch or take an action on the ad played before your video starts? Although you hold no control over making someone watch the ad, you have the option to choose the kind of ads that appears with your videos. Make sure that the ads align with your target audience’s preferences.  If the ads cannot appeal to your target audience, it is highly unlikely that they stay on the video and watch the ad. 

How many subscribers do you need to make money on YouTube? To sum up, a subscriber count of 1000 increases your chance of making good money via YouTube. In the bigger picture, the odds of making good bucks and increasing your viewer-base will be more if you have more than 2000 subscribers. With more subscribers, you can even collaborate with bigger brands and get more visibility, which eventually helps you create a better online presence for yourself.  To measure your productivity, here are three metrics that help you plan your engagement strategy better. 

Likes to views Ratio

Creating a video and posting that online is one thing and knowing if it actually struck the chord right with your target audience is another thing. The likes to views ratio indicates how popular your videos are. 

Subscriber to viewer ratio

This is an important metric that helps you understand how engaging your videos are to your defined audience (existing subscribers). The subscriber to viewer ratio indicates what percentage of your subscribers are watching your content. Even if you have 10k subscribers, some videos might barely get 500 views while other videos amass a whopping 20k views at a go. On average, the subscriber to viewer ratio of 14% indicates that you are doing good. 

Comments to views ratio

Engagement is a key metric to assess how successfully a channel is running and growing. Comments to views ratio give you an idea about the kind of engagement your videos are getting. Four comments for 100 views is considered to be good comments to views ratio.

Wrapping up

The YouTube Partner Program is one of the many ways through which people make money. But how many subscribers do you need to make money on YouTube? It totally depends on the engagement you are getting. However, for basic monetization options, a minimum of 1000 subscribers are required.

If you wish to explore and make the best out of this platform, you definitely need a sustainable business model and strategies for the long-run. If you want to understand the business model of YouTube and strategize your plan accordingly, refer to this link. 

Who Owns Capital One?

Capital One is an American Bancorp founded way back in 1994 in Richmond, Virginia. The company is headquartered in McLean, Virginia. Compared to the other banks topping the lists like American Express which was founded in 1850, Wells Fargo that was founded in 1852, CitiGroup in 1812, Bank of America in 1904 and JPMorgan Chase that was founded way more back in 1799, Capital one is a relatively new bank that was established in the 1990s and still has risen to be one among them.

What is Capital One?

Capital One like we already discussed is a compound Bancorp, which by its definition is a bank holding company. This term is used to refer to the companies that control one bank or more than one bank, but need not necessarily engage in banking by itself. The company is well known for its credit card business. In fact, the company began its business as a credit card company, before expanding into other areas of banking. In addition to this, the company is also specified in the auto loans.

The company works in three divisions, which include credit cards, consumer banking and commercial banking. The company is one of the largest credit card companies out there in Canada, the United States and the United Kingdom. The consumer banking division of the company provides general banking services like checking and savings accounts, money market accounts, loans and mortgages to individuals and businesses (small to mid-sized businesses). The commercial banking division of the company offers services like banking, lending, investment and real estate to commercial clients.

 By the end of 2018, 75% of the company’s total income was from credit cards, 11% was from commercial banking and 14% from consumer banking. The company has expanded its business to the United Kingdom and Canada in 1996, which brought the credit cards of the company access to a large international market. In 2005, the company expanded its business into retail banking. Now, Capital One is the 5th largest consumer bank and the eighth largest bank (overall) in the United States.

Along with the services the bank is providing, it also acquired several other monolines. Few acquisitions of the bank include Hibernia National Bank based in New Orleans and Louisiana, North Fork Bank based in Melville and New York. The company also acquired NetSpend, Chevy Chase Bank, HSBC’s US credit card operations and many more. The company also acquired ING Direct, which was a pioneer of online banking in the united states.

The company has 755 branches and 2000 ATMs and 51,900 employees by 2019. It was ranked 17th on the 100 best companies to work for list by Fortune and 97th in Fortune’s 500. The company is also a pioneer in the mass marketing of credit cards. The company makes a revenue of $27 billion annually. The company’s total assets are more than $421.6 billion and the total equity is worth $60.2 billion.

Who Owns Capital One?

Capital One was founded by Richard Fairbank and Nigel Morris back in 1988. But then Capital One was not an independent company, it was part of Signet Financial Corp. Oakstone Financial was what Capital One used to be called initially and the Signet named it Capital one in the October of 1994, following the spin-off of Oakstone Financial from Signet Financial Corp. Richard Fairbank took charge as the CEO of the company on the 27th of July 1994. To date, Fairbank is the Chairman and the CEO of the company. 

The company went gave out its Initial public offering in 1994, and a lot of people purchased the shares of the company. Basing this we can suggest that there is no single owner of Capital one since it is a public company. 

There are five major companies when put together owns 29%of the stock of Capital One. Below are the details of those five companies and the value of the shares they possess in Capital One.

Starting with the company which owns the highest stock of Capital One, Dodge & Cox, that owns 8.49% of the company’s stock which is worth $3.7 billion. The second-highest stock is owned by Capital Research & Management Co., which owns 5.68% of the company’s stock worth $2.5 billion. The third highest shareholder of the company is Vanguard, which owns 5.45% of the company’s stock worth $2.4 billion. Following Vanguard, Fidelity owns 5.06% of the ownership interest and the value of the shares owned by this company is $2.2 billion. Last but not least, State Street is the fifth-highest company owns 4.17% of Capital One. The shares owned by this company are worth $1.8 billion.

In conclusion

Capital One is a bank holding company that is famous for its credit card business. Coming to the ownership of the company, the company went public in 1994 which is why no particular owner can be specified. There are five companies that we have mentioned above that together own 29% of the company’s share and Richard Fairbank is the Founder, Chairman and CEO of the company, who owns a major part of the company. Hope this article has provided you with the information you needed. To read more such articles visit the Postling Website.

Shared Inbox: Everything You Need to Know

Expectations from customer service keep rising across industries — not because of the general state of customer experiences but due to continually evolving interactions that forward-thinking organizations provide. Globally, 54% of all customers claim to have higher customer service expectations than they did just a year ago. Business executives have realized that support interactions act as a barometer to gauge overall customer success and play a major part in enhancing customer satisfaction.

Consequently, businesses have also come to the conclusion that accelerating the progress of customer satisfaction will require a transformation of the entire customer experience, and, in order to meet expectations for customer convenience, they have switched to offering omnichannel and email support. However, even with the rise of omnichannel as a support medium, email support is still undisputed in its position as the preferred channel for soliciting customer service. And here a Shared inbox comes for a rescue.

bar chart that ranks most popular customer support channels. no. 1? email support system!

Source: HubSpot

A HubSpot study confirmed this when it found that 62% of customers preferred communicating with businesses via email for customer service. However, what makes email support so popular is also too often its bane in a world where digitized communication has made it increasingly difficult to keep up with the sheer amount of conveyances. Its extent has grown so much that data revealed that it was normal for an average person to receive almost 121 emails every day.

Why Email Is Not Good For Support

The complaint of convoluted email threads is not dry from the lips of marketers who keep growing frustrated at the state of their inbox. Replying and servicing email support then naturally becomes an exercise in tardiness, with 62% of companies not even replying to customer support emails, thus posing a severe risk to customer satisfaction.

Mostly why email doesn’t do well as a support medium is because group mailboxes and distribution lists aren’t built for customer service, especially in a world where customers demand personalization more than ever. And as your business grows, the volume of your support interactions will grow too and often create more problems, leaving customers agonized.

Businesses, though, can see a silver lining in the form of support automation tools to supplement their customer service efforts. One such tool is a shared inbox that allows different members of a team to access and maintain email correspondences with specific email addresses.

What Is a Shared Inbox

Just like the name suggests, a shared inbox allows a user to create an email account and invite everyone to be a part of it, so they have access to the emails that arrive at that address. The same client inbox is shared among members of a team who can view, read, manage, and reply to client emails.

The shared inbox is not a new concept, but it is often forgotten because of how easily it is mistaken for distribution lists. The two, however, couldn’t be any more dichotomous in their function. While distribution lists certainly look like shared inboxes (e.g., support@company.com), they make a copy of every email for all members on the list, which then appears in the individual member’s inboxes. Shared inboxes, on the other hand, create a common email address that multiple members can access.

Why Use a Shared Inbox

A shared inbox has many features and functionalities that enable customer support teams to avoid confusion, collaborate seamlessly, and improve productivity to offer extraordinary email support.

1. Gain better visibility

A shared inbox allows managers to gain greater overall visibility of customer interactions. Having improved visibility allows managers to balance the workload easily.

2. Reduce customer complexity

With a shared inbox, customer context isn’t lost in translation, and everyone can be on the same page. When the entire context is available to everyone, your team can deliver much more consistent and personalized support so that your customers don’t have to tussle with the complexities of a back-and-forth email chain.

3. Multitask easily and promote transparency

A shared inbox also acts as a platform for internal communication among team members so that they can collaborate among themselves and be on the same page when it comes to customer correspondence. It also helps support agents access information unknown to them easily and facilitate seamless customer support.

4. Improve performance and speed

Customers need instant support today. When you have a shared inbox, all messages will be centrally available to everyone, and you can ensure quick and improved resolution of queries.

Benefits and Limitations Of a Shared Inbox

A shared inbox only equips you with the systems and the structure required to offer better customer support. That being said, it can pose both benefits and pitfalls.

Benefits of a shared inbox

  • It doesn’t require any training time at all. With a shared inbox, your team has a central channel to keep track of all interactions, and they will be up and running in no time.
  • You can limit access to the shared inbox by providing restricted authentication to team members depending upon their function, further streamlining communication.
  • A shared inbox allows integrations with several third-party tools so that you don’t have to change the way you work.

Limitations of a shared inbox

  • While it is possible to collaborate equally, a shared inbox decreases the visibility of individual work. This makes it hard to understand who’s doing well and who needs help.
  • With multiple members receiving and replying to the same message in real-time, there is a risk of duplication of messages.
  • A shared inbox can also lead to a lack of accountability among team members since everyone can hold the other accountable for a specific support interaction.

How to Manage a Shared Inbox With Acquire

Managing customer interactions from various channels often proves a slog, with enormous amounts of effort required for tracking everything. Employing a shared inbox, in this case, can help you do away with the needless hassle and facilitate seamless email collaboration without the lapses discussed.

The Acquire shared inbox is a reimagining of the classical version and functions as a task management tool as well, courtesy of its numerous functionalities. The tool has an intuitive interface that allows you to visualize important events and tasks from a centralized dashboard. With it, you can:

1. Manage shared inboxes from one view

With Acquire’s shared inbox, you can keep up with all customer service interactions from a centralized board. You can receive and reply to service emails from the same dashboard as social media, VoIP, SMS, live chat, chatbots, video chat, and more.customer interaction tracking

2. Segregate and assign emails to teams

With Acquire’s shared inbox, you can categorize and send emails to different departmental inboxes. You can also create workflows to ensure that emails are routed to the right teams.acquire support emails routing

3. Create notes and allocate tasks

Acquire’s shared inbox doubles up as a task management tool and allows you to allocate activities, assign labels, flag interactions, set due dates, create notes, and more. You can also tag members on emails by marking comments along with private notes.

4. Facilitate seamless collaboration across channels

As opposed to clotting team inboxes with internal emails, Acquire’s shared inbox allows you to manage interactions from channels such as SMS, live chat, chatbot, social media, video chat, and VoIP, all from one channel. This eliminates the need for sourcing context, thus allowing you to save time and improve productivity. You can also start co-browsing sessions right from the shared dashboard.

Do More With a Shared Inbox

The biggest advantage of shared inboxes is the collaboration they foster and the obstacles they eliminate arising due to lack of visibility. This enables you to manage interactions better, save time, and consequently improve the level of support you provide. This will invariably lead to an improved customer experience and help you set things up for a big boost to your bottom line.

Highest Paying Side Hustles

Why do you need a side hustle?

Having a side hustle is the best way to boost your income stream. Most of them believe that earning passive income can change their life. This is absolutely true!!! You can pay off debt, save money for a vacation, help to reach retirement quickly and more. People can earn passive income in many ways.

But the saddest part is, not everyone runs a side hustle and some people are unable to find ways to make money. Few people think earning money from side hustle ideas is impossible.

Well, it might be a daunting task at initial days but once you plan accordingly, you can make passive income and change your life. Whether you’ve one free hour every day or you are willing to work a minimum of 50 to 60 hours every week, there are multiple options to make extra income with the highest paying side hustles.

Nowadays, having an extra source of income is important. The key reason to choose a side hustle is, many people are facing problems with their day job, whether it’s shifting the job or due to lack of experience. Rescue yourself with a side hustle. Making money with the highest paying side hustles is now the latest trend. Also, everyone is showing attention to it. No matter whether you’re planning to buy a new house or want to save money for a vacation, considering the highest paying side hustle is a great option for you.

If you’re new to the side hustle world and wondering what are the highest paying side hustles available in the market. This article is just for you. Pay attention to the end. You don’t need to quit a traditional job to run a side hustle. These jobs can be done during your spare time or weekends.

Highest paying side hustles

The below mentioned side hustles are “Tried and True”. Skyrocket your income with these highest-paying side hustles. The side job will allow you to follow your passion or hobby and turn it into income. No matter whether you’re good at teaching or a professional content writer, you can boost your earnings while pursuing passion and interest.

1. Blogging

Income – Upto $25 per hour

Start a blog and be your own boss. Blogging can be a fulfilling passion or hobby. It’s an excellent way to express interest and passion towards a particular subject (marketing, fashion, education, beauty, etc). Many people believe that starting a blog is an excellent way to earn passive income. For most of them, blogging was a side gig that has turned into primary source income. In fact, you can work in your spare time and earn more money than your full-time job.

If you have a passion for blogging and love helping people then this is an excellent opportunity for you. All you need to have excellent writing skills to pitch decent blogs. Whether you’re interested in a business blog or a fashion blog, you can drive good income from it. Thousands of bloggers are earning money whenever a reader reads the article.

Selling ad space on your blog is the money-making tip for you. The choice is yours!!! You can sell the ad space according to your interest. Also, there is no limit on the number of ads you can run on your blog.

Becoming an affiliate partner is another way to make money, promote other company products or services on your blog to make extra income. On the other hand, you can sell your own products or services on your blogs.

Sell your own merchandise on the blog. Add the shop page, list your products and other customized goods on the page. This is an amazing way to make money through your blog.

Sell templates, this is another popular way to drive income. People always look for good templates to save time and effort. Offering quality templates can drive additional income for you.

2. Freelance writing

Income – Upto $24,000 per month

If you have a doubt or are preparing for your examination, you often search or read the content on the internet. Google is the best friend for everyone. People can find content for almost everything. This content is written by someone. Writers often write the content as their passion or hobby and make a good income.

If you don’t want to start a blog but love to write content, becoming a freelance writer is the better option for you. This is the perfect side hustle, you can work anytime and anywhere. Whether you write good content on finance, art history, cryptocurrency or cooking, there are few platforms such as Upwork that are looking for freelance content writers. Also, you can write content for newsletters, magazines and technical manuals. If you want to earn more, you can write white papers and website copy.

If you can write technical content, treat yourself. Combine your technical knowledge with excellent writing skills. Conduct research, generate ideas and pitch engaging content for business or sites.

How to make money as a freelance writer?

  • Define what you’re an expert at, whether you’re good at technical writing or controversial stuff.
  • Create your account at freelancing websites i.e Upwork, Freelancer.com and more. Set up a profile, showcase your portfolio, skills, experience and charges.
  • Find a project according to your interest. There are thousands of projects posted every day. Pick the project that meets your needs and requirements.
  • It’s time to work on the project. This could be a difficult and rewarding step for you. Spend time and create quality and engaging content to impress the client. When you offer quality service, the client may offer another chance for you.
  • Get paid once you submit the work. You can get paid through PayPal or direct deposit. Also, request feedback to improve your skills.

3. Influencer marketing

Income – Upto $65,000 per month

It’s a universal fact that influencers can make money from their social media accounts, website and blogs. It’s just a passion or hobby for influencers, but an excellent way to drive a primary source of income. It’s like a traditional job for them.

Whether you’ve 10k followers or 1M followers, you can earn a good income through influencer marketing. Before getting into the brief of how to earn money as an influencer, let’s discuss a few important things.

Create high-quality content, it is important for every influence to make a first and long-lasting impression. When companies look for influencers, they often look at their content and engagement rate. So, you need to create high-quality content to make money. 

Invest time and money in creating quality images. A picture is worth a thousand words. Don’t just write, write and post the content. Adding a picture to the content is important to drive attention.

Engage with your audience, this is another crucial thing to consider as an influencer. Instead of simply posting the content, you need to concentrate on user engagement. 

How to make money as an influencer?

Sponsored post

It’s no surprise sponsored post is an excellent way to earn money on the blog or social media accounts. It’s when companies pay good amounts of money when you promote their brand products or services in the post. You can create the post according to your choice. Many influencers create informationally and review posts. Top influencers are earning $150 per sponsored post.

Become a brand ambassador

Becoming a brand ambassador or representative is another way to make a good income. You can extend the contract for one month or several years. When you become a brand ambassador, you can get free products. Also, few companies will pay extra money when you promote their products or services.

Sell your own products

Whether you sell merchandise or customize items, sell them on your site or social media accounts and make money without hassles. Keep a note, you need to make an initial investment.

4. Photography

Income – Upto $70,000 per year

Capturing memories has become a hobby for many people. Capturing pictures is a personal choice, you don’t need a bachelor degree to become a take picture. All you need is a camera and creativity skills. Every day you can learn new things with photography. You can have fun and enjoy every day at work. Many professional photographers are earning more than $500 every month. Yes, you’ve heard it right. If you want to earn handsome money, becoming a photographer is an excellent side hustle idea for you.

Photography is a crowded space. There are thousands of photographers offering services. However, with excellent skills, you can stand out from the crowd. Create a photography portfolio on job platforms, promote your skills and attract customers.

There are multiple ways to earn money as a photographer.

  • Teaching photography is one of the popular ways to earn money. Decide your fee and teach photography online for interested people.
  • Sell your digital copies at Shutterstock and Freepik to make a good income. Upload high-quality digital copies and earn money on every download.  
  • Run a photography blog and earn money on every click.
  • Conducting workshops is a legit way to make money. You can join tourist groups and travel agencies to reach more people.
  • Selling your photos to popular magazines is the recommended way to reach more clients and customers.

5. Microtasks

Income – $50 to $150 per task

Is there anybody who’s unaware of the term “microtask or micro job”? Of Course no one. These are excellent options while running out of money. The tasks are simple, you can complete the task in less than an hour just by sitting at home. Unlike freelancing writing, you don’t need skills, knowledge to become a micro tasker. These are the flexible and home-based jobs that need a mobile phone or desktop.

There are several micro task job sites available online – Amazon’s Mechanical Turk, Taskrabbit, Appen and more. Subscribe to these platforms and earn additional income in no time. Earning money whenever you get free time. Complete the micro job on desktop or mobile phone with the microtask job websites. They will assign tasks, you need to complete the task and get paid. The payments are generated automatically once you complete the task. A payment gateway can be PayPal or direct deposit.

Most of the tasks are 

  • Completing the survey
  • Translation
  • Social media evaluation
  • Image annotation
  • Answer questions
  • Influence brands
  • Web investigation
  • Data labelling

Get paid on every completed task, this is the best option for employees, students, housewives and more. Whether you’re good at reviewing the product or testing the website, you can find the best task for you with respect to your skillset. Most of the taskers are earning between $50 to $150 per task.

6. Sell things online

Income – Depending on the product

Making passive money can sound like a daunting task. Most people rely on freelance service and delivering groceries to customers. The good news is here!!! You don’t need to have a skill set to make passive money. Sell things and make money without hassles. Whether you’re running a small enterprise or a housewife, e-commerce is an excellent way to earn money just by selling things. There are multiple ways to sell things online. Let’s explore them

Create an online store

Open an e-commerce website for either free or invest a few bucks. There are few platforms such as Facebook Marketplace, you can sell things for free. Create your own site, list out your products or services and earn money.

Become a seller on Amazon, eBay, Flipkart

Whether you’re running your own local store or own an online store, you can become a seller on popular sites such as Amazon, eBay and Flipkart. Ger registered, list your products or services. Don’t forget to write a detailed description and price. Keep a note, you need to pay commission on every sold-out product. However, you’re selling products for a massive customer base, a small commission doesn’t matter for you. 

Affiliate marketing

As mentioned earlier, affiliate marketing is an easy way to earn side income. However, you need a website to become an affiliate marketer. Instead of selling your things, promote other products and earn additional money.

Selling things online is the best side hustle for the one who loves shopping. Join Amazon’s FBA program and earn side income. Find good discounts on local stores. Sell them on Amazon at high prices. Meanwhile, you can turn this into a full-time job. It’s easy to earn money by selling stuff such as customized items, books, study materials and more. Utilize platforms such as Facebook Marketplace, Twitter, Instagram, etc to reach more people.

7. Real estate

Income – $70,000 – $124,000

People say “You can make a lot of income in real estate”. This is absolutely true. There are two ways to make side income in real estate – buying and holding.

Real estate has proved as the highest paying side hustle than other niches. At the initial stage, you need money to earn income in real estate. It might be overwhelming to invest a few bucks on the property. But, you’ll be happy to invest in real estate. It is a good investment, this is the best source that has generated more wealth from the past few decades.

The property value gradually increases every day. On the other hand, investors are earning rental income. Investing in real estate is an excellent way to earn money. As the property value increases, you can earn good profits by selling them. Location is key while investing in real estate. Buying the property in a prime location is appreciated. Because the property value will increase in quick time. You can earn money by renting your property for commercial or companies.

How to make income in real estate?

  • Long-term residential or commercial rentals is one of the top-most ways to earn income. Many people leverage on rentals. If your property is situated at a prime location, you can earn enough money.
  • A lease option is another way to make money through real estate. Simply put, you can buy property at a cost-effective price.
  • A vacation rental can generate good profits for any investors. If your property is at a tourist spot, you can make a good income by renting them to tourists.
  • Commercial property is a proven way to increase earnings. Many local businesses often look for property to run their stores. The commercial property can drive a good income.

Real estate is an excellent option to make side income as an investor. Simply put, real estate will produce outstanding returns in the long run. Also, real estate has tax benefits and can add value to the property. It is said that real estate has set tons of people on the path to freedom and flexibility.

8. YouTube

Income – $1000 – $10,000 per month

Every day, more than 1 billion videos are watched on YouTube. People spend maximum time watching videos. On the other hand, small businesses, musicians and other people are promoting their brands on YouTube channel. Creating an account is free and earning money doesn’t need any initial investment.

Earning a passive income without leaving the house is simple and easy with YouTube. Create a YouTube channel and upload videos every day. The more views you get, the more money you can make. Sounds simple right? Yes!!! YouTube is the second most-visited platform in the world. It’s just the go-to source for any information. Whether you’re looking for the latest mobile phone review or learn the latest technology, YouTube is the one-stop destination for you.

Becoming a YouTube expert can sound interesting and fun, but you need to spend time and effort at the beginning. There is no guarantee that you will become a millionaire. But with constant effort, you can make a good income with your YouTube channel.

Let’s discuss how to make money on YouTube

YouTube partner

If you’re planning to make money on YouTube, you need to subscribe to the “YouTube Partner Program”. After a subscription, you can find multiple ways to make money on YouTube. You need to follow a few requirements while uploading the video on YouTube

  • Your video content needs to meet advertising guidelines.
  • Your account must have at least 1000 subscribers.
  • Link Good AdSense account.
  • You must be located in an eligible area.

Upload more and more videos on your channel, the more videos people watch, the more money you can make. As a YouTube partner, you can make money through advertisements, features such as Super Chat.

Sell products or services

If you’re running a local store or online website, you can sell your products or services to a wide range of audience. People will be aware of your products or services and purchase from you. It is said that YouTube is the best platform to promote your products or services without spending a single penny.

Sponsorship

Creating sponsored content is another way to make money on YouTube channels. If you’ve a large audience base, promoting other products or services is the legit way to generate money. Quality is key, when you’re promoting other products or services, you need to sponsor quality ones. Also, be transparent about the brand to help your audience. 

9. Online tutor

Income – Upto $60,000 per year

Want to make money during your free time? Online tutoring is the best option for you. Become an online tutor and increase your side income. As the side gig is offering flexible hours, you can take care of dear ones. The online tutor job is an excellent opportunity for stay at home parents and students. On the other hand, you can teach online classes remotely, this way you can have better control over your lives.

Many students are looking for online tutors for their education. If you’re an expert at academics, helping the students and making money easily. You and the student don’t need to meet in real-time, you can teach them remotely. Small and large organizations are looking for tutors who have advanced skills. Online tutors are earning more than $60,000 per year.

Requirements

  • Desktop
  • Internet connection
  • Headset and
  • Webcam

The popular online tutoring websites are TutorABC, GoFLUENT, TutorVista and Tutor.com. These are the popular online tutorial platforms that help to get connected with the right students and tutors. If you’ve good academic knowledge and love teaching, this is the amazing side hustle gig for you. You don’t need to travel from one location to another, you can teach anywhere at any time. You can earn upto $50 per hour and more, it depends on the subject or skill you teach.

In a nutshell

Who says “NO” to extra money? Of Course nobody. Everyone looks to earn extra income. But earning $2,000 per month is what actually matters. Earning $2000 every month is possible with the highest paying side hustles. All you need to have the excellent skill, promoting, time, dedication and elbow grease. Hurray!!! You can earn $2000 every month at a side gig. Hope the above mentioned highest-paying side hustles are useful for you. Apart from these side hustle, our team also suggests you with other side hustle jobs where you can make $25 every hour. This means you can easily earn $1000 every month. Depending on your skillset and experience, choose the perfect side hustle gig for you.

What are you waiting for? Start highest paying side hustle right away.

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