Selling Structured Settlements Finance Articles | April 6 Wholesale Cory Littleton Jersey , 2006 Structured settlements can be sold when there is a monetary emergency. There is an option of selling the settlement in parts, instead of opting to sell the whole settlement for a lump sum. The whole s...
Structured settlements can be sold when there is a monetary emergency. There is an option of selling the settlement in parts, instead of opting to sell the whole settlement for a lump sum. The whole settlement needs to be sold only in case of dire emergency when the cash has to be raised immediately. Structured settlements can be sold as portions when money is required in smaller quantities and does not require the lump sum that would be available if the whole of the structured settlement is sold.
Structured settlements ensure periodic payments of a lump sum, and the lump sum can be released by selling a part or whole of the structured settlement. However, when a structured settlement is sold for a lump sum Wholesale Robert Woods Jersey , the amount received is usually considerable less than the market value or lower than what would be received in monthly installments, but they do provide the option for sale in case of financial necessity.
In some cases where the structured settlement on periodic basis is no longer required, such as in cases of worker\'s compensation where the medical bills no longer need to be paid after the individual is discharged from the hospital, selling off the remaining portion of the structured settlement can produce a tidy lump sum that could be used for other necessities.
Consider the legalities before selling a structured settlement, as some might not have the option of being sold earlier for a lump sum. Also Wholesale Eric Dickerson Jersey , when the negotiations take place, some contracts might put up the restriction on sale of the structured settlement. Since structured settlements help in tax savings, it might make the person liable to pay tax after the settlement is sold. Also, if the settlement is being sold to raise cash for an emergency, it is possible that the insurance company might make an offer considerably lower than market value.
Licensed brokers and attorneys would be able to assist in selling a structured settlement in an appropriate manner since they are specialized in this field. It is important to take their advice before selling either a part or whole of a structured settlement as this might result in a bad judgment on part of the individual.
When you were a kid, did you do physics experiments?
I did. Even now, I can still remember how thrilled I was to see how stuff worked. But you know how it is: when you grow up, you seem to lose interest in such "childish games".
But it was a physics experiment that made me think about business in a completely different way.
I was trying to explain my son about friction. As you know, friction exists when an object moves on a surface. The object and the surface both grind and drag against each other. The moving object loses energy and speed Cheap John Franklin-Myers Jersey , and is forced to stop eventually.
To demonstrate this, I took a small wooden disc, and skid it on a (sort of) rough surface. As was to be expected, because of the friction between the disc and the surface, it soon grinded to a halt.
Then it was my son's turn to skid the disc Cheap Brian Allen Jersey , but now over a smooth surface.
Naturally, the disc traveled a much larger distance.
I told him how the drag was actually keeping the disc from moving forward. And two surfaces that are smooth have much less friction than two rough surfaces. I even showed him how friction is producing heat, proving that energy was taken from the movement.
He understood. I could tell, because he told me that a much bigger driving force was needed to skid the disc the same distance over a rough surface as over a smooth surface.
Then it hit me.
I suddenly realized how this simple truth applies not only to the physical world, but also to business in general.
How this applies to your business When a (potential) customer comes in contact to your business Cheap Joseph Noteboom Jersey , she may experience a smooth ride or a rough one.
If your customer meets a friendly and curteous sales person, receives to the point information, and has an overall pleasant experience, she's much more likely to buy. In effect, the customer travels further Cheap Jamon Brown Jersey , completing the transaction with ease.
In contrast, when the sales person is pushy, little or no information is available on products, many customers will walk away. Some may travel the distance, but usually a much bigger drive is needed. For example Cheap Josh Reynolds Jersey , the customer gets the lowest possible price. Or a unique product they just must have. The problem here is that a low price is just too easily met. And you may think your product is unique, but does your customer? So where does that leave you?
To maximize your chances of getting the sale, getting the customer and ultimately keeping the customer, your goal must be to supply a smooth surface for the customer to skid on.
If the customer has a smooth experience every step of the way, they will slide more easily into the sale.
The "effortless experience" Imagine that the customer is not subjected to any friction; everything is going as smooth as possible. What would this mean for your business?
More sales? Yes! Happy customers? Very! Repeat customers? You bet!
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27.02.2020 10:25
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