Are you looking to invest in cheaper stocks this year? We’ve got you covered with the best penny stocks you’ll want to keep an eye on. Maybe you’re a veteran trader already — you’ve had your luck in forex, indices, and even commodities. And, now, you’re looking for something different to help grow your money. Or, maybe, you’re just a newbie who can’t wait to get started in the game.
Well, trading penny stocks isn’t something you want to go into blindly. It takes learning and mastering a few tricks to even make it as a penny stock trader. Do you know how to interpret the charts? How well can you analyze a stock technically and fundamentally? Have you even used a demo account yet? Also, depending on the weight of your wallet, you might want to pay for a couple of tools, including reliable stock screeners.
Reading expert books might come in handy, too, as is taking training courses. And yes, this can be daunting! The good news is that we’ve done the hard part and prepared a list of the best penny stocks you should be watching this year. It’s just that we don’t want you settling for every “Tom, Dick, and Harry” you bump into. But before we dive in…
What Are Penny Stocks?
Also called OTC stocks, cent stocks, or small-cap stocks, penny stocks aren’t your average stocks. These are securities that, while exchanged publicly, are usually cheaper with a small market capitalization. In fact, they’re priced below £1 in the United Kingdom and go for less than $5 in the United States.
Which makes penny stocks a riskier investment. A small move in the market can either fetch huge returns or subtract a decent portion from your investment, in equal measures.
Did you also know that…
Penny stocks are often issued by companies that are relatively small and new — businesses that are yet to establish a successful performance track record. And that doesn’t change the fact that penny stocks could be a sign a company is approaching bankruptcy.
Ever wondered why a stock priced up to $10 might fall under the OTC-stock category? That usually happens when its market capitalization is pretty low ($250 to $300 million). You should also know that most penny stocks are exchanged over the counter, even though some might be listed on large exchanges, such as the New York Stock Exchange (NYSE).
The history of penny stocks
We get it: You might be here for the best penny stocks to help grow your money. But it doesn’t hurt to dig a little into their background, right? Penny stocks have been around for a long time — since the inception of the stock market. It’s just that these probably traded differently.
The OTC stocks are even responsible for the 1929 stock market crash, according to the federal government. That was long before the Securities Exchange Act was created in 1934. This act would redefine the penny stocks to what they’ve partially come to be: The unlisted equity securities trading below $5.
The Great Depression would complete the definition to include those OTC stocks that trade on the exchanges. You should also know that before the age of the internet, you could only trade your best penny stocks over the phone. With the internet, however, new investors entered the market, exploding the entire penny stock idea.
Why Penny Stocks?
Even with the risk tied to trading penny stocks, many investors see these as a way of making quick money. And you know what? They could be right. Some of the best penny stocks available have high growth potential and can yield incredible profits. You only need to jump in early enough, rather than when the trend is about to reverse.
Even so, you want to know what you’re getting into before investing your hard-earned dollars. Get acquainted with the pros and cons and measure both sides. Do your research on each company you’re going to be a shareholder in, and diversify your stocks to manage risks.
Here are some of the pros associated with trading OTC stocks:
- A small move upwards can bring substantial gains, probably because of the lower price
- Penny stocks can be a means for small companies to gain access to marketplace listing
- These stocks help fund growing businesses
And here are the reasons you might want to trade penny stocks cautiously:
- OTC stocks tend to lack follow-up history
- There are no minimum standards set to trade these stocks, probably because they mainly exchange hands over the counter
- Small-cap stocks often have low liquidity
- Information related to these stocks might not be available to the public
How We Reviewed
So how did we review our best penny stocks? Firstly, we combed through dozens of expert websites for reliable OTC stock information, including PennyStocks. Then we followed through with the latest news, which helped shed some light on the small-cap stocks with higher growth potential.
Penny stock experts were next in line: Thanks to them, we added reliable predictions on our list of the best penny stocks you want to watch. And yes, we considered different sectors, just so you can have your pick. Last but not least, we factored in tips from real investors who’ve crushed it in this type of trading.
The Best Penny Stocks to Buy This Year
Finally, here are the best of the best penny stocks you can’t wait to add to your trading portfolio. We’ve listed them in no particular order.
Eldorado Gold (EGO)
Shares of this gold penny stock have been on the rise since the end of May. In fact, the price has more than doubled in the last 40 days. Which makes us wonder if Eldorado Gold could just be one of those rare stocks that tends to withstand difficult economic times. But despite the market’s stormy condition, this stock’s price has not lost its momentum.
So, why did price even soar? Well, all this came about following the company’s announcement in its gold-production surge in the second quarter of 2019. After which, investors, being who they are, couldn’t sleep on their job, sending the price north.
Camber Energy (CEI)
Another one of our best penny stocks to watch is Camber Energy. Based on the company’s announcement that it was nearing a key acquisition, prices have rallied over the last few weeks. On July 8, Camber made known its plans to acquire Lineal Industries. And, this is no small deal. In fact, according to experts, it should only boost the company’s revenues.
It’s no wonder investors have raised their eyebrows since the stock at one point escalated in price by over $6.50 in 24 hours. And, even though the price has tested lows of under $6 during this time, it is still interesting to know how Camber is going to perform going forward. Definitely, a stock you want to keep an eye on.
FuelCell Energy (FCEL)
You don’t want to skip FuelCell Energy when assessing the best penny stocks to help grow your money this year. But if you’re still thinking this stock has had a bumpy year, you need to rethink it. In case you’d no idea, things made a remarkable turnaround in late June, when the company landed a major project with Drax Power Station, one of U.K.’s largest renewable energy generators.
And yes, this alone has skyrocketed share prices to higher highs. Not only has price rallied by 37 percent, but also the trading volume has towered to a record peak. Which leaves us with the question: Will FuelCell’s price keep rising, considering it has since doubled?
Sure, the current recession might have compromised the earning potential for several companies, but the defensive health sector could, apparently, survive the “tsunami.” Even with an extensive global portfolio of 33 patents, Biocept recently announced a potential launch of a liquid biopsy test for lung cancer.
Got no idea what Biocept’s cancer assays do? Well, these allow for cancer patients to qualify for targeted therapy, all in an endeavor to identify resistance mechanisms. This oncology diagnostics firm is witnessing some pretty strong sales, as a result. It is one of the best penny stocks you don’t want to overlook, especially if you’re a risk-averse investor.
STRATA Skin Sciences (SSKN)
You probably already know that prices for this dermatological service company have nosedived over the last few months. However, that’s not to say the price has stagnated downwards. After the fall, STRATA has gained a cool 12 percent. Yes, this might not be much of an increase, but there are signs the ascend could linger on for some time.
STRATA’s average 5-year sales rate is standing at a whopping 137 percent. We’re not even talking about the promising balance sheet. Without a doubt, you want to add STRATA to your best penny stocks basket.
CVR Partners (UAN)
CVR Partners couldn’t be more promising in the near future. But this nitrogen fertilizer company has reported a 68 percent growth in earnings per share (EPS) in 2019. And the estimated 28 percent increase for 2020 only adds to the already decent score. Yes, we know: Analysts have forecast a negative outlook with regards to fertilizers. We, however, are thinking they might be basing their evaluation on these two things: trade disputes and declining global demand.
You probably are also asking yourself questions on the CVR low prices, in June. Wonder no more! The company has recorded a 10 percent increase over the last several days, which has seen prices ascend to $3.99. This ascent is believed to have been initiated by Moody’s positive sentiments towards CVR Partners. Among other things, investors are also hopeful that the upcoming meeting between the U.S. and China chiefs is going to be fruitful.
Avino Silver & Gold Mines (ASM)
If you’re looking to invest in precious metals, this penny stock could well fit the bill. Of course, silver has been revolving around the $15.50 resistance level, but Alvino is proof that this metal is about to trend upwards. The company has, in fact, gained an impressive 30 percent over the last few months.
As silver endeavors to catch up with gold, commentators are hopeful that it’s going to double its value, effortlessly, over the next six months. That probably means Alvino is showing signs that its share prices are just about to soar, despite the company recording a massive drop (56 percent) over the last year.
Encana Corporation (ECA)
Even though it’s currently trading just over the $5 mark, this fuel producer deserves to sit on our list. It is still one of the best penny stocks you want to watch. Don’t be fooled with the higher debt and unfriendly balance sheet — which has probably contributed to the current lower price. But we have a reason to believe Encana might catapult to $7 pretty soon.
Oil prices tend to rise just before a recession. So, if you don’t mind investing just over $5 a share in the energy sphere, this stock might well offer a perfect entry point. Note that it can be tempting to think Encana is currently oversold due to its six quarters of upbeat earnings in a row.
Rekor Systems (REKR)
This security firm has got some terrific clients, including the Nokia Corporation and the U.S. Defense Department. Not only has Rekor managed to increase its clientele, but also more customers are scheduled to use the company’s software. Just recently, the price skyrocketed to $1.12 — that’s about a 62 percent rise.
And, while Rekor lost some of the gains, it has more than redeemed itself, recording escalations of up to 117 percent in the last few months. Even though this company sits in our best penny stocks category, it’s currently showing signs of being overbought, which can be a red flag. You want to trade cautiously!
Flex Pharma (FLKS)
The potential merger for Flex Pharma with Salarius Pharmaceuticals, an oncology firm, is one watch. Well, Flex Pharma is a Boston-based biotech firm, whose share prices are currently sitting below 50 cents. The company, in fact, has recorded a loss in the first quarter of 2019.
However, the potential merger has got analysts thinking positively; they are hopeful it’s going to be a success and push the share prices up. Also, just so you know, Flex has risen over 45 percent in the last few weeks. And no, this wasn’t news-based, as is often the case with such spikes in price.
Partake in This Profit-Making Wave
There you have it — some of the best penny stocks you want to watch. Even so, like with forex, indices, commodities, etc., trading stocks can be risky. You should be doing it cautiously and investing what you’re comfortable losing.
You also want to do your homework on the various penny stocks you’re looking to invest in before taking the next step. Equally noteworthy, if you’re a newbie, you should consider taking training classes, reading books, and mastering a few tricks. You want to get started on the right foot.
Above all, you don’t want to skip using the demo account — you need some experience with virtual money before risking your hard-earned cash. It’s just that money, like time, is precious. Losing huge sums of it in unexpected ways can be especially devastating. We don’t want that for you.
Remember: This is not investment advice. You want to do your research before even giving these stocks a shot — and, ultimately, beat the penny stock promoters at their own game. What penny stocks do you recommend? Let us know in the comments below.
Buying real estate can be one of the most secure investments you can make, but it can also be stressful. Understanding the difference between a down payment vs. deposit is just one of many obstacles to becoming a homeowner.
And even once you know the difference, you still have to decide how much money your down payment vs. deposit should be.
But while the whole process can seem daunting, arming yourself with knowledge is the best thing you can do. Deposits and down payments are big financial decisions that will impact your fiscal future. So, it’s essential to understand every step of the process so you can make a properly informed decision.
Definition of Down Payment vs. Deposit
What is the difference between a down payment and a deposit?
A down payment determines the conditions of the relationship between the lending institution and the buyer. Similarly, a deposit forms an agreement between the buyer and the seller.
A buyer makes both during the home buying process: the deposit first, and then the down payment. And in both cases, the money comes out of the buyer’s pocket, not as part of a loan.
What is a Down Payment?
A down payment is a percentage of the purchasing price that a buyer gives to a lending institution (usually a bank) in a single transaction. Most people don’t have the cash to buy a home or car in one payment.
As a result, the buyer applies for a loan (called a mortgage loan for homes) to cover the remaining costs.
For example, you need a mortgage loan for a house that costs $100,000. If you make a down payment of $10,000 (10 percent of the purchasing price), you will receive a $90,000 loan from the bank to complete the payment.
Then, depending on the terms of the loan, you will make monthly payments with interest on the $90,000.
The size of the down payment doesn’t necessarily influence the seller’s decision. In the end, the seller will still receive the total sum of $100,000 (assuming the appraisal matches the purchasing price).
The amount of the down payment affects the conditions the bank sets for the loan.
The down payment doesn’t include any of the money received from the bank. The buyer has to have the cash readily available in their bank account. That’s why saving for a house can take years.
And the larger the down payment you can make, the less interest your mortgage loan may accrue over time. Plus, a large down payment may lower the interest rate.
Ultimately, your down payment can help establish your trustworthiness to the bank.
What is a Deposit?
A deposit is like an agreement of good faith between the buyer and the seller. It may also be described as earnest money or an escrow deposit.
If you rent, you should be familiar with the concept. Landlords usually ask for a security deposit when you sign the lease agreement.
When you move out, the landlord may return the deposit as long as the property is in good condition. If not, the landlord may use part or all of the deposit to make necessary repairs.
Whereas a deposit with a landlord may equal one to three month’s rent, an earnest money deposit is usually a percentage of the purchasing price. A large deposit may persuade the seller to make an agreement with you instead of another buyer.
It can demonstrate to the seller that you are confident in securing the mortgage and committed to finalizing the sale.
But that deposit does not go directly to the seller. The money usually goes into an escrow account, which is managed by a third party. That allows both the buyer and the seller to enter contract negotiations in good faith.
A deposit does not guarantee a sale; however, if the seller accepts the deposit, then the contract usually instructs the seller to take the house off the market. During this time, the home is appraised to verify the conditions of the house and determine its worth.
If the buyer decides not to follow through with the purchase or fails to meet conditions set by the contract, they may lose the deposit to the seller.
If, however, the inspection finds something horribly wrong with the property or the price doesn’t match the appraisal, the buyer could receive the deposit back — but only if the contract allows it.
When Do I Make a Down Payment vs. Deposit?
As we said, down payments and deposits are part of the home buying process, but they can also be steps to purchasing a car as well.
But before you make your purchase, it’s wise to get pre-approved for a car loan or mortgage before shopping around. This effort demonstrates to the lending institution (as well as the seller) that you are responsible and serious about making the purchase.
When approaching a bank for a loan, you should have an idea of what size house or car you want, where you want to buy, and how long you intend to own it.
Once you receive a pre-approval, you know what your budget can be for a down payment vs. deposit.
If you want to buy a car model that is custom-built or isn’t in stock, the dealership may require a deposit before ordering from the manufacturer. Or if you buy a car from a private seller, you may want to offer a deposit while you finalize your loan.
In contrast, buying a home is a longer process. Once you find the home you want, you make the deposit to secure a contract. When the seller accepts the deposit and takes the home off the market, the house needs to be appraised.
As mentioned previously, the appraisal will confirm the purchasing price set by the seller. Depending on what an appraiser finds, the buyer and seller may negotiate on any repairs or adjustments.
But if the appraisal goes well, then the buyer and seller enter the closing process.
During this time, the buyer will finalize the mortgage loan with the bank, which includes the down payment. Often times, the bank will accept the deposit as part of the down payment.
How Much Money Is a Down Payment vs. Deposit?
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A large down payment vs. deposit can be a tough choice. Unfortunately, there is no magic number that fits all down payment or deposit situations. It largely depends on the value of the asset, the demand versus the supply, and your financial situation.
As a Home Buyer
A deposit is generally no more than two percent of the purchase price. The down payment a bank may require is usually 20 percent, but that’s not always the case.
In a hot housing market, a larger deposit may be more attractive to the seller and make you a top candidate.
For example, in 2018, the median selling price for a home in San Francisco was $1.5 million, but people were still bidding hundreds of thousands over the asking price. Buyers wanted to be competitive candidates by offering more money.
For down payments, banks often prefer to receive more money upfront to reduce their risk. As an incentive, they may offer lower interest rates to encourage larger down payments.
But remember that your home is a long-term investment. During that time, you may discover more lucrative opportunities that outweigh the benefits of a large down payment.
For example, say you have $20,000 available for buying a house that’s $100,000. You could use the entire $20,000 for a down payment, or you could use just $15,000 on the down payment, and invest the remaining $5,000 in other markets.
While you may accrue more interest on your mortgage, the $5,000 you invested may help you pay off the mortgage sooner.
It may also give you more financial freedom in the short run than if you had paid a $20,000 down payment.
But if you use the full $20,000 for the down payment, your monthly mortgage payments may be smaller. And depending on your financial situation, smaller monthly payments with a lower interest rate may be the fiscally responsible decision.
There are a variety of factors that will affect how much you pay, so be sure to keep all your options in mind.
As a Home Seller
When selling a home, the size of the deposit may affect your decision. Generally, a larger deposit means the buyer is serious about purchasing your home, and that they have the money to close the deal.
Plus, if the buyer does not commit to the sale, you may be able to keep the deposit and put your home on the market again. Or if the buyer fails to meet the obligations outlined in the contract, you may be entitled to the deposit.
But you only want to go through this process once, and a large deposit doesn’t necessarily mean an easy sale for you.
For example, a buyer may offer a high deposit, but also add a home sale contingency in the contract. That means the sale of your home is dependent on the sale of the buyer’s home.
So while a big deposit seems like a good thing for you, other factors may make the process easier in the long run.
What Happens After Making My Deposit and Down Payment?
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Once your deposit is accepted by the seller, and the bank accepts your down payment, you are on your way to closing on the house!
But this is just the beginning of your journey as a homeowner (or landlord). Be sure to check out our tips for first-time home buyers so that you can make the best decision possible.
Have you made a down payment on your house yet? Do you still have questions about what a down payment vs. deposit is? Let us know in the comments!
Are you in search of a reliable sales software solution? You’ve probably come across a ClickFunnels review when searching online.
The problem is, there are countless reviews of other software such as Leadpages, InfusionSoft, Instapages among others.
There’s no better way to pick the right choice than by reading an in-depth review, such as this ClickFunnels review, to get your facts right!
What’s All the Fuss About Funnels?
Sales funnels exist in every business whether you know it or not. Understanding how it works can help you influence how web visitors relate to your site and reach buying decisions.
Website optimization is what matters most when it comes to your sales funnel. To help you understand how a sales funnel works, we’ll look at a brick-and-mortar funnel.
The Perfect Analogy
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People usually walk into a clothing store and start browsing. A sales associate then approaches them, greets them warmly, and offers them assistance.
One particular customer spots some dresses on clearance and the sales associate goes to help her out. He tells her that he can offer her a discount if she buys four or more dresses.
The customer gets thrilled by the offer and picks six dresses. At the cashier’s, a sales associate recommends a black moto jacket to go with all her chosen outfits.
That seems like a great idea to the customer and she adds it to her purchases then leaves. She is so pleased with the discounts, she comes back two weeks later and buys more dresses.
When it comes to websites, the same sales play out. The only difference is that you have web pages to guide visitors through the sales funnel instead of a sales associate.
The Sales Funnel Process
The sales funnel consists of five main stages including:
At the awareness stage, the prospect learns about your existing solution, product or service. That is where they visit your site for the first time either through a Google search or social link.
At the interest stage, the prospect actively seeks solutions to their problems. Here, they can follow you on social media or subscribe to your email list.
The third stage is the decision stage where prospects try to decide if you are the right fit for their needs. They pay attention to your packages and offers before making their final choice.
At the action stage, the prospect has become a customer by finalizing the deal with you. This could be by signing a contract or clicking the purchase button and wiring the money to you.
Then the retention stage is where you encourage the customer to make repeat sales. You do this by keeping them engaged with your product or service through special offers, follow-ups or emails.
ClickFunnels Review: Overview
ClickFunnels is a sales funnel builder that helps businesses to build beautiful pages that market, sell, and deliver their products and services. You can think of ClickFunnels as that sales associate guiding visitors to make a sale.
It offers a range of pre-made sales funnels, an intuitive drag-and-drop editor, and landing page templates for a smooth funnel design process.
The software was created in 2014 by Russell Brunson, an experienced internet marketer and entrepreneur. The company has grown to become a $360 million dollar SaaS business within three years. What’s even more impressive is that it’s entirely self-funded.
How Does ClickFunnels Work?
ClickFunnels simplifies the entire sales and marketing process for all kinds of businesses.
Traditional sales funnels involved dealing with website hosting, email autoresponders as well as landing pages and other different elements that have to work in unison. This makes the whole process expensive and time-consuming.
On the other hand, ClickFunnels incorporates all the above elements and offers them in a unified package. That way, you won’t have to deal with every service provider separately or even hire a developer. Similarly, you’ll be able to create a sales funnel that suits your business needs.
ClickFunnels Review: Key Features
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ClickFunnels comes with amazing features and tools to ensure you create impressive, high converting sales funnels fast. So let’s dive into an in-depth look at some of its best offerings.
Predefined Sales Funnels
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ClickFunnels provides numerous predefined sales funnels to choose from. They are usually categorized into industries and the goals they have been designed to achieve.
It has 22 types of sales funnel templates that can be used by different business entities. These funnels are classified into the following categories:
- Sales page funnels
- Lead capture funnels
- Membership funnels
- Event funnels
You have the option to select a free or paid template in each category. In addition, each sales funnels has a video what it can be used for and top tips for getting the best results. You can also set up custom sales funnels to cater to your specific business objectives.
To create a sales funnel, you can use the classic funnel builder that allows you to select a goal and funnel type or take advantage of pre-made funnel templates in the ClickFunnels Cookbook.
Visual Drag-and-Drop Editor
The intuitive drag-and-drop editor makes it easy to create sales funnels using ClickFunnels. You won’t have to deal with the coding mumbo jumbo anymore.
Using ClickFunnels, you can also display social share buttons, add a number of advanced forms to your funnel, choose background color and images or videos. If you are confident with coding, you can also create a custom CSS for unique pages.
ClickFunnels takes into consideration that e-commerce businesses will need a little extra to promote their products. It helps you create a multistage sales funnel where you can showcase your products, generate interest and eventually make a sale.
ClickFunnels supports online businesses that sell either physical or digital products. It integrates with ShipStation that takes care of the time-consuming task of packaging and shipping.
Consequently, ClickFunnels integrates with payment gateways such as PayPal, ClickBank, Stripe, Authorize.Net, and InfusionSoft.
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ClickFunnels integrates with popular email responders such as MailChimp, AWeber, Salesforce, and many more. It also offers its own marketing automation platform known as Actionetics. That feature is available on the Etison Suite plan.
Actionetics helps users to set up email lists, create email campaigns, use click bots, design action funnels, and follow up funnels.
You can create webinars using ClickFunnels and spread the word about your services.
You can use services like Zoom or GoTo Webinar to host live webinars and use ClickFunnels event funnel to customize the registration process.
Another option is creating a pre-recorded webinar that ClickFunnels plays on demand.
Analytics and Split Testing
ClickFunnels lets users split test sales funnels to understand what works and what doesn’t. Elements you can test include pages, copy, headlines, buttons, images, and videos.
It also automatically tracks your funnel to provide analytics on how your pages are performing. Using the ClickFunnels dashboard, you can access stats on user behavior, page views, conversion rates, and funnel comparisons.
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ClickFunnels offers impressive customer support by providing an extensive knowledge base that’s well-laid out in its dashboard.
You’ll find a wide assortment of help videos and best practices. You will also find an explanation of tools as well as the top tips on using its features.
Apart from this, ClickFunnels offers a community support forum and Facebook page to allow interaction between its users. It also has an active YouTube channel with informative videos.
Backpack Affiliate Program
ClickFunnels features the Backpack affiliate program that offers five percent, two-tier commissions for referring people to the ClickFunnels affiliate program
You can also win cool prizes such as $500 towards a dream car if you hit 100 active referrals. ClickFunnels sticky cookie lets you earn commissions on any upsells your referrals buy as they go through specific funnels.
What ClickFunnels Users Have Been Saying
Now that you have an idea of the features that ClickFunnels provides, let’s consider the ClickFunnels review from people who actually used it.
The ClickFunnels review on Capterra had an overall rating of 4.5 out of 5.0 stars. A good majority of users were impressed with its page elements selection and affiliate program.
However, one user mentioned that ClickFunnels doesn’t have a blog function. Another user said that it has a high learning curve when starting out.
On the other hand, the ClickFunnels review on GetApp also had an overall rating of 4.5 out of 5.0 stars.
Users loved that it took away the guesswork of building a landing page that converts. Some cited that the ability to upsell and downsell is what stood out for them.
Unfortunately, some users complained that ClickFunnels setup could use two separate screens and this can be confusing.
ClickFunnels Review: Pros and Cons
Below are some of the benefits you’ll enjoy and the drawbacks that you are likely to face when using ClickFunnels.
- Prebuilt sales funnels
- Amazing affiliate program
- Split testing option
- Upsell and downsell features
- Actionetics autoresponder
- High learning curve
- Limited features in the starter plan
How We Reviewed
To bring you an unbiased ClickFunnels review, we scoured the internet and read numerous user reviews from sites such as Capterra and GetApp.
We also looked at the ClickFunnels website to come up with an in-depth overview of its features.
Furthermore, we compared ClickFunnels against its strongest competitors such as InfusionSoft, Leadpages, and Instapage.
ClickFunnels Review: Top Competitors
No ClickFunnels review would be complete without looking at the competition. So, how does ClickFunnels stack up against other major landing page builders?
Let’s find out.
InfusionSoft, now Keap, is one of the most powerful online marketing tools to compare with ClickFunnels. It offers highly extensive landing page designs and opt-in form builder. It also allows users to run split tests and email marketing automation.
User reviews on Capterra gave InfusionSoft a rating of 4.0 out of 5.0 stars. Several users liked its automation capabilities and the responsive email builder. However, some users complained that InfusionSoft’s new landing pages are limiting.
Customers on GetApp gave InfusionSoft an overall rating of 4.1 out of 5.0 stars. Users liked that it provided a full-featured email marketing system but, a user complained about their customer service.
Leadpages was one of the first landing pages solutions in the market. It offers two landing page editors that cater for beginners and an advanced user. Users can create popup windows to encourage email signups and host webinars.
Leadpages reviewers on Capterra gave it a rating of 4.5 out of 5.0 stars. Users liked that it easily integrates with major email service providers and that it can be used with Facebook. However, one user complained that phone support was only reserved for advanced subscribers.
Users on GetApp gave Leadpages an overall rating of 4.4 out of 5.0 stars. Users applauded its ease of use and flexibility with membership platforms but complained that its customer support was poor.
Instapage offers a higher level of sophistication than other landing page builders. It provides an in-built analytics tool, A/B testing and heatmaps to track visitors and optimize your landing page. For instance, you will be able to see what web visitors click and how far down they scroll through your pages.
Instapage reviewers on Capterra gave it an overall rating of 4.5 out of 5.0 stars. Most users liked that it had stunning landing pages and how it was easy to use. Unfortunately, a user complained that it was hard to edit font size in the mobile workflow feature.
Reviewers on GetApp gave Instapage a rating of 4.6 out of 5.0 stars. Users liked its fast loading pages and heat maps feature. However, one user cited that the form page element overlaps two sections.
Why ClickFunnels Stands Out
ClickFunnels stands superior to other funnel creators because it excels in building landing pages, membership groups and creating sales funnels with upselling and down selling functionalities.
Leadpages focuses on building landing pages more than sales funnels. InfusionSoft comes with powerful landing page builder capabilities but ClickFunnels offers a wide variety of pre-built funnels that gives you more influence over the buyer’s journey. Instapage was a close call but it doesn’t integrate with membership platforms seamlessly.
Which of the above landing page builders is your favorite? Tell us about it in the comments section below!
Saving money is one of the hardest things to pull off. Many of us start saving with good intentions, then find ourselves putting in less and less until we stop all together. However, starting a money saving challenge may be the answer to your saving issues.
Saving money takes time, and they say time is money and money is time. With any of these challenges, you’ll find out just how true that is. As long as you stick with the challenge and continue to keep up your new saving habits, you’ll be saving money in no time at all.
The Money Saving Challenge
There are a ton of different challenges out there that people have come up with, all intending to help you put away as much as possible. Some are more difficult to do but yield better results. Others will leave you with a decent amount when all is said and done and will require less as you go.
The money saving challenge you decide to go with is dependant on how much you make and how much you’re willing and able to put away. Some of these deal with pretty hefty dollar amounts, while others deal with pennies.
Whether its a lot or a little, saving money is always a good idea. You never know when that savings will come in handy.
52 week challenge
This challenge is probably the most popular money saving challenge there is, partly because of its simplicity. There are also variations of this challenge that can increase your result. Again, it all depends on what you’re comfortable with.
Throughout the 52 weeks, you will slowly increase the amount of money you save each week. You start with just one dollar, then up it to two dollars the next week, and three dollars the third week. This goes on until week 52 where you save $52.
At the end, you will have put away $1,378, which is an excellent amount of money. While this challenge starts pretty easy, as the weeks go on, you’ll have to find new ways to save a little more.
However, once the challenge is over, those money saving techniques can stay with you, and you’ll find yourself saving regardless of the challenge.
Other variations of this challenge include the double 52, mini 52, reverse 52, and flexible 52. All of these differ in either the dollar amount or the amount of time spent doing the challenge.
This money saving challenge is perfect for those of us who get a paycheck every two weeks. Technically this is another variation on the 52 week challenge, but may be more accessible for some.
For this, you will save money on the week you receive your paycheck. So, it will be three dollars on the first paycheck, seven dollars on your second paycheck, and so on. The pattern is the same as the 52 week challenge, but you put money aside every two weeks rather than every week.
You’ll be adding the dollar amounts of each week to figure out how much to put away with each paycheck. At the end of it, you’ll be left with the same amount as the 52-week — $1,378.
365 day challenge
What do you think is more: $100 or 1 cent for each day of the year? If you chose the cents option, you have good common sense.
The 365 day challenge has you saving a penny for each day of the year. It works by starting with $0.01 the first day, $0.02 the second day, and on the last day, you’ll save $3.65. By the end of the year, you’ll have $667.95 in your reserve.
While it may not be a whole lot, it may surprise you how much 600 bucks can help in a pinch.
Spare change challenge
Also called the round-up challenge, this one has you investing all of your spare change from the money you spend. If you use cash, this will be a bit easier for you, as you can just physically put all of your change into a jar.
Of course, a money jar is a lot better if you can keep track of how much you’ve put in so far, like the Lefree Piggy Bank.
However, this money saving challenge is still possible if you use a debit card often.
If you keep an eye on your purchases, you can transfer your spare change into your savings account at the end of the day. For example, if you buy a drink for $1.75, round it up to $2 and deposit a quarter into your savings account.
You’d be surprised how much you end up saving with this challenge.
Five dollar challenge
There are a lot of different forms of this money saving challenge. There’s one that has you multiplying $5 by the number of the week you’re in. This one can get you saving up to $7,000 by the end of the year.
But not everyone has that kind of spare change.
Another version of this challenge has you physically putting any five dollar bill you come across into a jar. Then six months or a year later, depending on how long you want, you deposit all of the five dollar bills into your savings account.
The second method doesn’t have a definite end goal but instead has you surprised by how much you can save, which is just as good.
How to Start to save Money
Saving money can be a hard habit actually to start, but once you get into it, you’ll be happy you did.
We always say we will and most probably have good intentions, but those words rarely come to fruition. That leaves us sitting there with nothing to show, hoping people forgot what we had said.
But you don’t have to be one of those people. Saving money can be as easy as just putting one dollar away a day. You won’t be left with a whole lot of money by the end of it, but you’ll have something.
But probably the best thing you can do to help you save money is starting a budget. The 50/30/20 budget is a genius way to start and keep saving. It has you devoting 50 percent of your income to necessities, 30 percent to your wants, and 20 percent to your savings.
Keeping your budget is also a lot easier if you have a way to track how much you’re putting where. Something like an expense tracker is a good way to do that.
But whatever money saving challenge or method you go with, remember to stick with it and keep it up even after the challenge is over.
The worst thing you can do is wait too long to start saving. The earlier you begin to put just a little of your money away, the more you’ll be left with down the road.
However, that final amount is getting lower and lower as you’re reading this article.
Just finding a money saving challenge you like is a great first step. Once you do that, all you have to do is put the money away; then it just gets easier from there.
Everyone has dreams and goals that they want to accomplish. Starting to save money now will help you reach those goals much more quickly. Whether its a house, or college, or just a new gaming system, putting a little away now and then will help out a lot.
Why Is It Important to save Money?
Saving money can be one of the smartest decisions you can make. And whether you go with a money saving challenge to help with the savings or find other ways to save, it’s always a good idea.
Starting a money saving challenge and continuing it can help you in any number of ways.
Savings accounts are a great way to build up an emergency fund. These are one of the most common forms and can help out a lot in a pinch.
If you find yourself needing a flight ticket to go home for an emergency or find your bonus is lower than you expected, you no longer have to panic because you’ve prepared for any situation.
The amount that you could potentially save is unlimited. In fact, it all depends on you and your needs. Focus on the things you need first, like rent, bills, and food. Anything extra is something you could put away.
Common money saving mistakes
If you’re trying and struggling to save money, there may be something you’re doing that is detrimental to your efforts.
Believe it or not, some saving techniques are not all that great. One common mistake is panicking and putting everything into your savings at the expense of everything else. Your bills and livelihood should be your priority, and saving is extra.
Another mistake is trying to save money by buying cheaper products. Yeah, you may be saving a bit right then and there, but how good is that product?
Typically, when you buy a cheaper product, the quality is not great, and you may end up buying the same product in another month.
If you’re starting an emergency fund, you need to make sure that it’s easy to access if you need it, but not too easy that you’re tempted to dip into it all the time.
The phrase out of sight, out of mind is a smart way to keep yourself away from your money, but make sure that it is there if and when you need it.
Whatever you do, make sure you remember to put money away. One of the most common mistakes people make is simply forgetting about your fund. The only way it’s going to grow is if you remember to put money in it.
Save Your Sheckles
Using a money saving challenge can be a great way to introduce you into the world of saving money; however, it can only do so much. It’s totally up to you to keep saving money after the challenge is over. If you don’t, you’re back to square one.
But whatever money saving challenge you get into, it’s a great starting point. We want to know which challenge worked for you, if you tried one. Let us know about your experiences!
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