Raguragavan Sreetharan | Tips to Improve Your CIBIL Score

Raguragavan Sreetharan | A good CIBIL score can help you in achieving many of your life goals with ease. Whether its that dream house that you have been planning or the dream vacation, you have been coveting, access to credit can ease the process substantially. A bad CIBIL score on the other hand can make access to credit very difficult. But there are ways in which you can improve your CIBIL score and achieve your goals.

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Some of the ways in which you can improve your score are

Pay EMIs on time | Raguragavan Sreetharan

The cardinal rule of good credit history is to maintain your payments in time. This factor plays a crucial role in your score and any delayed payments adversely affect your score. Make sure that your bank account is funded well in advance of the EMI due date, so that there are no bounces and unnecessary penalties due to the bounces.

Using your credit limit | Raguragavan Sreetharan

Use your credit limit on your credit card prudently, because over utilisation or maxing out your credit card month on month can affect your credit score. Also not paying your outstanding due amount every month and just paying the minimum amount due monthly can affect your score. For example, if your credit limit on your card is Rs. 50,000 then make sure your are not spending more than 50% of the same ie not more than Rs. 25,000 on your credit card.

Credit Hungry Behavior | Raguragavan Sreetharan

Any credit hungry behavior ie applying for too many credit cards or loans within a short span of time can affect your score adversely. Plan your credit requirements in advance. If you are planning to buy a house, make sure that you don’t apply for any other types of credit like personal loan or car loan in the preceding 3 months, so that getting an approval for your home loan is easier and smoother and your eligibility is higher. Too many enquiries in your credit report is a sure way to get your loan application rejected by lenders.

Check your credit report periodically | Raguragavan Sreetharan

It is a good practice to check your credit report periodically. Check for details like loan closure etc are updated correctly. Some banks fail to update the bureau in which case it might show erroneously on your report thereby reflecting on your score. Get issues like this sorted by raising the issue with the bank and bureau and sorting it out immediately. Sometimes, loans and credit cards which you have never taken might also reflect in your credit report, in which case, it is best to highlight the issue to the bureau and get it resolved so that it doesn’t impact your score negatively.

CIBIL score of 700+ is usually considered good enough for getting your loan application approved. Follow some of these rules and you can see a positive impact on your score within a few months.

Raguragavan Sreetharan | Bank Marketing Plan

Raguragavan Sreetharan | Marketing is fundamental when it comes to the success of any business. Marketing is what basically gives current customers a reason to continue doing business with you. Apart from that, marketing also creates a certain image for a business that will either draw in or repulse potential clientele. This explains why many companies invest so much when it comes to advertising. Marketing is all about portraying good self-image to the target market.

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Extensive brainstorming is crucial in making a bank marketing plan. You have to be systematic and logical in order to come up with a good bank marketing plan. First and foremost, you have to know what your bank is all about. Do you deal with small-scale or large-scale customers? Are you a global or national bank? What other services do you offer apart from banking? By knowing who you are as a bank you will be able to identify your target market.

With so much competition in the banking industry coupled with the harsh economic times, you have to know how to woo customers. Critically survey your bank’s mission, vision and objective statement. This information should be incorporated into your marketing plan.

Access the weakness as well as strengths that your bank possesses. You should be able to build a bank marketing plan by using your strengths and curtailing your weaknesses. You should definitely know what attracts people to you. Is it your customer care service or location? Is it your ability to sustain fair interest rates year in year out or is it the way you generally handle customers?

In order to make a good marketing plan, it is important to know who your main competitors are. Carry out a research to find out what their weak points are and how you can basically benefit from their weaknesses in the banking industry. Come up with a detailed marketing strategy that will help you stay on course when marketing.

Raguragavan Sreetharan | Knowing your target market helps you build a focused marketing plan. A good target market analysis should tell you where your potential clients are in terms of location as well as what they consider important in a bank. You should know the channels you can use to get to your potential clientele. This will help you know if you are supposed to concentrate on online advertisements, the media, print or events. For instance, if your target market is young people you should consider using the internet. When targeting old customers the media and promotional events will work best.

Raguragavan Sreetharan | 3 Smart Ways to Make Money

Raguragavan Sreetharan | The Internet has truly touched lives. It has opened several opportunities for the people who stay in their homes and make us of this advanced form of technology. It does not require the person to be an expert technically. Online business has opened vast opportunities for the people and letting them live their lives on their own. Every day there are numerous transactions that take place online. The top ways to make money are as follows.

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1. Manufacture or produce your unique product- This must be something related to information, like the eBooks, video courses, methods, or reports. The viewers should be able to download them on their smartphones and their computers. This is a great thing because once the information product is made it can be sold several times.

But the question here is who are going to pay for the products. The answer is the people who are in the need of the product will be willing to pay for them because they might not be ready to search for them for long and waste their time. To create such information you need not be an expert, you just have to have a little more idea than the audiences and that would be enough.

2. Sell others products- You can advertise for someone else products. When someone would be buying the product from you then the company would be paying you some of the profit as commission. This s affiliate marketing. This method is frequently used by the people who want to make money online. Everything that a company manufactures can be sold and thus it can be a subject for your information.
   The relief is that you don’t have to worry about the manufacturing, packaging, and shipping of the items. Everything would be done by the concerned authority.
3. Make use of your skills- If you already are an expert n a field, say dancing or hobbies, that you know people would be liking, bring them out. This can also be an expertise of creating the graphics, designing internet, translating the language, marketing, bookkeeping, etc. you can sign up for free from several websites rather than making a website for yourself.

Raguragavan Sreetharan | The convenience of this kind of technique is that your age, caste, creed, and gender are irrelevant. Nobody will be asking you your qualification or technical abilities. Thus, go ahead, plan your information, and let it go live to let you earn from your home.