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Business Lifestyle Marketing & Sales Professional Services U.S

The Top 5 Mistakes People Make When Networking Revealed by Ross B. Williams of Modern Profits

Orlando, Florida—September 15th, 2021—Networking is a great way to meet new people, build relationships, and grow your business. However, networking can be tricky. Here are five mistakes that people make when networking. Learn how to avoid these common mistakes, and start building strong networks today.

Mistake #1: Not Having a List of Contacts

When you’re attending a networking event or party, it is very important to be prepared with a list of contacts. Using the internet and social media, you can actually put together a list of potential contacts you want to meet before attending the event. These are people you want to build relationships with. They could become future clients, people that could refer you to potential customers, or people that can offer goods, services, or knowledge to help your business grow.

I recommend making a list of ten people you want to me before going to an event. There are two very easy ways to do this. The first is to go to the event page and see who is attending, read their profile, and add them to your “Dream Business Connections” list. The second is to visit the event web page and see who the sponsors are, discover if any of the sponsors would be a good contact for you as a potential client, referral, or joint venture.

When you arrive at the event you now have a plan of who you want to meet. This will not only help you connect with people quickly it will have a ripple effect for you to meet everyone not on your list as well.

Mistake #2: Not Being Prepared

Too many times I see people coming to networking events and parties, and they are just not prepared. They miss out on opportunities to make contacts and connections for the future as well as growth for themselves and their company.

When you go to a networking party or event there are three key things you need to be prepared for success. First of all, how are people going to get in contact with you and follow up? This can be done through the use of business cards (traditional or old fashion), a digital card that you can text or tap to exchange info, or a QR code.

If you do forget your contact materials, another simple method, but often forgotten, is to just type the name, phone number, and emails into the contact section of your phone and add them to your contact list. I always recommend when doing this, to save the name of the event in their contact name and then send a short text to them, saying Great to meet you, with your first and last name afterward. That way, not only will they know it’s you. The next day, you can refer back to your text messages sent to remember who you met the night before. Otherwise, they will get lost in your sea of contacts.

Key number two, for being prepared is to look the part. You want to look polished, well dressed, and groomed. You do not want to come in sweaty after a workout or look like you just rolled out of bed. You want to come in dressed to impress as if you were going to meet the client of your dreams because you just might.

Key number three is all in the name. Take the stress off of people having to remember so many names or forgetting your name if they met you in the past. It’s simple, just wear a name tag. They are usually provided for free when checking in at a networking event. However, you can tell the pros when they have custom name tags already created.

Mistake #3: Talking Too Much

There is nothing more annoying than the person who talks too much. The person who doesn’t read the uncomfortable body language, the person who plows through a conversation as no one else exists. It is very important to not be that person!

Be the person who is listening and attentive. Have you ever heard that saying, the last person to speak wins? I want you to win.

People enjoy talking about themselves, which is why we fall into this trap very often, naturally. It is important to be conscious of this, take a step backward, and allow others to speak about themselves. While you listen, make eye contact, smile, and follow up on their stories with questions getting them to talk more.

If you can master this skill people will gravitate towards you, they will remember you, and they’ll want to build relationships, partnerships, and businesses with you.

Mistake #4: Talking Too Little

When at a networking event, you need to make an impact so people remember you. If you are the quiet person in the circle you may be forgotten. The people interacting are the ones who leave an impression.

I know this can get a little confusing because in mistake #3 I told you not to talk too much, here is the way around that. In order to speak without speaking too much, it is important to ask questions. This way you’re interactive, speaking, communicating, and people are excited and engaging with you. You become a leader heading conversation, yet allowing others to feel empowered.

By empowering others to tell their story and not speaking about yourself you become liked and trusted by others.

Mistake #5: Not Following Up

So many times people go out of their way getting dressed up, driving through rush hour traffic, spending money going to these networking parties, having cocktails and appetizers, and they go home with dozens of business cards yet do nothing with them. It’s just a waste.

If you’re gonna put the energy into it, follow up. The big growth happens after the event not during the event. The power is in the follow-up.

If you connected with people at the event on social media, shoot them a message say hey it was great meeting you. If you got their business card, drop them an email or maybe even make a phone call. Try to schedule a Zoom meeting where you guys can chat one on one, or meet in person for coffee or lunch.

A great reason to follow up a month later and build the strongest relationship is to invite them to go to the next networking event with you.

There is power in numbers!

The growth is in the follow-up.

Learn more about Modern Profits Next Networking event Here

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Arts & Entertainment Australia Marketing & Sales Professional Services U.S

OpportunityThon’s™ Facebook page becomes Amazing Digital Events!

Are you having trouble trying to figure out how you can connect with your audience in the current environment? If so, you need to think more about how you can make your digital events stand out from the crowd! During the past four decades, Ken Krell has developed a reputation for helping people create wealth and prosperity in their lives by selling just about anything! Even though there have been numerous changes during the past 18 months, digital events are still a great way to take advantage of sales opportunities! While the Facebook page from OpportunityThon has been a major hit, it is time to expand it to Amazing Digital Events! Learn more about how YOU can take advantage of everything that Amazing Digital Events has to offer!

Learn About Strategy and Experience Imagineering

With Amazing Digital Events, you will learn more about how to run a PRIDE event, which stands for Production of a Ridiculously Irresistible Digital Event. This will help you learn how to put a creative strategy to work for you. That way, you can address the objectives of all players involved. This includes the audience, speakers, and the producer. Even though the most effective strategies often seem counterintuitive at first, this is the biggest reason why Amazing Digital Events ALWAYS STARTS HERE. If you put the right strategy in place, you can set yourself apart from the competitors and place your events in the best position possible to be successful. 

Exceptional Digital Event Production

Of course, there are a lot of differences between producing a digital event and an in-person one. Amazing Digital Events produced its first digital event more than 12 years ago. Since that time, customers have evolved, which is why you have had to evolve right along with them. When you put on a digital event, you must make sure you have the right partner to help you. If you want to make sure you understand how to put on a beautiful digital event, then Amazing Digital Events is the place to go. This is the perfect place to learn more about how you can produce a beautiful digital event that will immediately grab the attention of everyone involved. 

World-Class Training and Education

If you take advantage of the opportunities available through Amazing Digital Events, you will have access to world-class training and education that can teach you how to sell in the current environment. In the past, OpportunityThon even had a 28.5 hour streaming marathon with numerous guest experts that provided valuable content to everyone involved. Of course, we are always looking for ways to improve, which is why we continue to provide access to a world-class education through Amazing Digital Events. For all of these reasons, YOU need to make sure you place YOURSELF in the BEST POSITION POSSIBLE to succeed through Amazing Digital Events by learning from some of the top experts in the field!

A Rebrand Does Not Mean a Change in Approach

Even though there is a new name taking place, this does not mean the approach is going to change. Amazing Digital Events is going to provide people with all the same advantages of OpportunityThon and then some. If you want to set yourself apart in a hyper-competitive environment, then you should take advantage of everything Amazing Digital Events has to offer as well. Stay in touch with Amazing Digital Events and Ken Krell to learn more about how you can grow your sales skills through top-notch digital events.

About Amazing Digital Events and Ken Krell 

Ken Krell is a highly experienced professional with more than 40 years of experience selling products and services through a variety of channels in a variety of industries. Amazing Digital Events focuses on helping people learn how to grow their businesses and create wealth through digital events that focus on sales. There are numerous opportunities that unfold regularly through Amazing Digital Events, so be sure to visit the website to learn more. You can also keep up with Amazing Digital Events on the YouTube page, Facebook page, and Instagram page. Interested visitors should check back regularly as the information gets updated.

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Health & Medicine Media & Communications Professional Services Services U.S

The Sosa Insurance Group launches the Medicare Annual Enrollment Period (AEP) education initiative for Medicare beneficiaries

 West Orange, NJ, October 7, 2021 – The Sosa Insurance Group is kicking off the Annual Enrollment Period, which is designed to help Medicare beneficiaries in the greater New Jersey area.

The Annual Enrollment Period or AEP, is an opportunity for Medicare beneficiaries to evaluate their current coverage and then determine if they need to make any changes. It’s also time when people who are new to Medicare can investigate what Medicare health plans are available to them in order to cover the expenses that Medicare does not cover.

Navigating the complexity of how Medicare works and choosing the right plan can be daunting to Medicare beneficiaries. But if older Americans do not get access to information they need in a timely manner or have trouble filling out forms, they might miss out on improving the overall care they receive.

This is why The Sosa Insurance Group wants to share its expertise with Medicare beneficiaries in order for them to better understand Medicare and how it works and most important, assist older adults find the right plan for them in order to get the appropriate level of health coverage. 

About the Medicare Annual Enrollment Period

The U.S. government operates the Medicare Annual Enrollment Period between October 15th 2021 to December 7th 2021 (the dates are the same each year). Any changes that Medicare beneficiaries make to their coverage will then become effective as of January 1st of the upcoming year.

Medicare beneficiaries have a range of options to consider. During the Annual Enrollment Period, you can add, drop or switch your Medicare coverage.

The government allows any of these changes to happen in order to best suit their appropriate health coverage.. But knowing which plan is appropriate can take a while to research and then consider, without the help of a trusted professional who has been working with Medicare beneficiaries in order to not only assist them in better understanding Medicare but also assist them in selecting their appropriate health coverage. Fortunately, The Sosa Insurance Group is committed to making these Medicare plans understandable for Medicare beneficiaries as they evaluate their health care options.

There is also an option to join a Medicare (Part D) plan for prescription drugs, or switch from one Part D drug coverage plan to a different one. 

How The Sosa Insurance Group Assists During the Annual Enrollment Period (AEP)

Sorting out the different types of plans or whether to participate in a plan or even drop it takes time, knowledge and expertise that the professionals at The Sosa Insurance Group have years of experience in. 

The Sosa Insurance Group is proud to offer advice to Medicare beneficiaries who need to know all about how Medicare works and how to shop for the appropriate Medicare Health Plan to fit their needs and affordability.

Its experts are also are available for consultation on Dental, Vision, and Final Expense plans as well as on Long Term Health Care planning.

From providing an overview on how Medicare actually works to assisting first-time users in signing up for this important health care coverage, The Sosa Insurance Group eliminates confusion and helps Medicare beneficiaries feel more empowered as they make these health coverage decisions.

Individuals who are interested in learning more details about how the Sosa Insurance Group is kicking off its AEP (Annual Election Period) upcoming seminars for Medicare beneficiaries can visit its website. They can also check out The Sosa Insurance Group’s social media pages on Facebook and Instagram.

With the December 7th, 2021 deadline looming, The Sosa Insurance Group is standing by to go over the details of New Jersey Medicare health plans with local Medicare beneficiaries to verify they will get the precise coverage they need.

About The Sosa Insurance Group

The Sosa Insurance Group is a highly recognized and well-esteemed New Jersey insurance brokerage agency. Over the years, The Sosa Insurance Group has developed a strong reputation for placing the needs of its policyholders ahead of the needs of the company. This has been instrumental in driving the growth of the agency throughout the region. 

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Business Marketing & Sales Retail Society & Culture World

OnlineBusiness.com Reports on Post-Pandemic Rebranding and Its Global Impact

New York, NY –  The internet has always connected companies with a global audience and customer base, however, in a post-pandemic world, the ‘digital marketplace’ for the attention of that global audience has only increased in competitiveness. Instead of going out to their local stores, many consumers are spending their time on the internet as opposed to going out to a physical store to shop for things such as apparel, groceries, food or home supplies. This has opened the door for opportunities to many companies both domestic and international to reach those consumers.

Many businesses that were otherwise flourishing were hit hard by the unexpected pandemic. As we have crossed the year mark since the pandemic hit in the US, businesses are still understanding and learning to adapt to today’s digital landscape. And for some companies, they have been able to rebrand themselves successfully during the pandemic by understanding the needs of the new ‘stay at home shopper’.

One such company that has risen during the pandemic is SHEIN.com. A Chinese company that strictly has its roots in a digital marketplace, they learned to understand and connect with today’s online consumer. Beginning as SheInside.com and also owning an international domain SHEIN.cn, SHEIN acquired SHEIN.com for a high five figure deal to solidfy their rebrand and maintain a stronger connection with their audience. 

Understanding that one not only needs a strong digital presence by way of advertising to their target audience, there is also a need to ensure a strong first impression. And it’s the owning and using of a premium domain name that enhances a company’s first impression when a customer browses their website. By acquiring a shorter, memorable .com, SHEIN was able to secure a brandable name that has stuck in the minds of thousands of shoppers, enabling it to become one of the most downloaded apps this year, even more downloaded than the Amazon app at one point.

This acquisition represents a trend in international companies willing to pay top dollar upgrading to a better domain when rebranding. It has been noted that 70% of companies in Fortune China 100 use .com for their corporate domains. 

One such company, 360.cn, has made the transition to .com by paying a whopping $17M to acquire and upgrade to 360.com.

“Strong sales rely on a business’s ability to strengthen its brand within the marketplace and consumer mindshare. By securing the .com extension, businesses are able to alter its perception to its customer base from an international entity to a US-based operation despite having roots in another country. Companies who invest in shorter .com domains will continue to reap rewards in the future,” says Anthony Santiago, marketing director of OnlineBusiness.com

It is not just the .com element of a domain but those that are short in name also seem to be the domain of choice for Chinese companies looking to upgrade to a premium domain name

These examples show the importance of a .com and the far-reaching effects it has both domestically and internationally. 

To learn more about OnlineBusiness.com, visit their website or learn more by contacting the team directly at contact@onlinebusiness.com.

About OnlineBusiness.com

OnlineBusiness.com is a digital marketplace for premium domains and starter sites. They specialize in helping their clients to acquire the best domain name to increase credibility and brand power. Currently, they list over 3,500 domain names with a combined valuation of over $5M. To learn more visit https://www.onlinebusiness.com.

Contact Information

OnlineBusiness.com Media Team

contact@onlinebusiness.com

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Business Computers & Software Marketing & Sales Retail Technology

OnlineBusiness.com Reports Top Public Domain Sales for August 2021

New York, NY – To conclude Q3 of 2020, OnlineBusiness.com looks at the top domain sales for the month of August. Domain sales continue to stay hot for the year with many names selling for top dollar without any slow down for this trend. As a digital marketplace for premium domains and starter sites, OnlineBusiness.com always looks at the latest domain sales and looks to keep their audience in the know for the latest trends and notable sales. 

For the month of August 2021, according to DNJournal.com, the top three highest report domains are:

  • Marketing.com for $2,500,000
  • WorldClass.com for $400,000
  • Bowman.com for $281,000

Following last month’s press release highlighting the demand of domains with all-time high sales continuing, Marketing.com is the latest domain to sell in the 7-figure range. WorldClass.com and Bowman.com both sold in the 6-figure range to round out the top 3 reported domains sold in August 2021.

As OnlineBusiness.com reported last month, more businesses are continuing to reexamine their digital strategy to ensure a strong digital footprint as consumer habits have continued to shift to online stores.

“Blockbuster domain sales in the six and seven-figure range continue to take place with no signs of slowing down. Across the board in every industry we see more companies realizing the importance of acquiring their best name – and that usually means paying top dollar for a .com” said Michael Santiago, founder of OnlineBusiness.com.

Demand for domains, especially consumer-facing premium domains, has increased and is projected to continue trending upwards throughout 2021. OnlineBusiness.com continues to add to its domain portfolio in emerging industries such as CBD, Cannabis and Cryptocurrency.

To learn more about OnlineBusiness.com, visit their website or learn more by contacting the team directly at contact@onlinebusiness.com.

About OnlineBusiness.com

OnlineBusiness.com is a digital marketplace for premium domains and starter sites. They specialize in helping their clients to acquire the best domain name to increase credibility and brand power. Currently, they list over 3,500 domain names with a combined valuation of over $5M. To learn more visit https://www.onlinebusiness.com.

Contact Information

OnlineBusiness.com Media Team

contact@onlinebusiness.com

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Business Marketing & Sales Media & Communications Retail Technology

Why .com Domains Rule in Customers’ Mind Says OnlineBusiness.com

New York, NY – Since the invention of the internet back in the early to mid 1990’s, the dot com domain extension has always been synonymous with the world wide web. Categorized as a gTLD, Generic Top-Level Domain, which is the last end of a domain name after the dot, ‘.com’s’ make up the core group of gTLD including .net, .org, and .info. And while new gTLD extensions continue to pop up as the internet expands and innovation comes to fruition, dot com is still considered the ideal gTLD for businesses and investors. OnlineBusiness.com explores some examples that highlight dot com’s continued dominance and also discusses the future of gTLD extensions. 

“Having the ability to control and manage a unique domain name or brand across multiple extensions is very powerful,” said Anthony Santiago, Marketing Director at OnlineBusiness. “First, your brand is protected from others for such a small investment if you are hand registering. The .com extension will always command a higher price in the market due to user behavior online. The .com is synonymous with a website. Other extensions like .co are a suitable replacement if the .com is not available.”

One example OnlineBusiness.com highlights that clearly shows the importance of a dot com domain in today’s digital landscape is Mural. Mural is a company that has tripled its annual recurring revenue in the last year and has switched its domain to Mural.com assumingly paying a high price tag to acquire it from Grupo Reforma, which is one of the largest print media companies in Mexico. They originally were known as Mural.ly and then switched to Mural.co before ultimately switching to Mural.com. 

Mural may have started with the domain Mural.ly to align with the trend with the increase in popularity of these ‘new’ gTLD such as .co’s, .io’s and .ly’s in recent years. However, as one can see there came a point in which Mural felt it was in their best interest to acquire and rebrand to Mural.com as they continue to grow in brand and revenue. Since acquiring the domain, they have raised another $50 million in Series C funding this year.

This isn’t to say with dot com still averaging 3 out of 4 every gTLD domains, other gTLD haven’t tried to innovate the market. Since 2011, ICANN, The Internet Corporation for Assigned Names and Numbers, assigned to unify the internet, has allowed companies to register their own gTLD such as .oldnavy and .google. And although some companies are looking to be at the forefront of this, there are other companies that have scaled back their efforts in this arena. 

Three dot brand TLD experiments have called it quits this year which included a university, an insurance company and a consumer goods company and have cancelled their TLD brands:

  • Royal Melbourne Institute of Technology (RMIT University) (TLD: .rmit)
  • Swiftcover Insurance Services Limited (TLD: .swiftcover)
  • Dabur India Limited (TLD: .dabur)

Due to saturation of the core gTLDs and new TLD trends, as mentioned in a 2018 Wired feature, it may very well be that the landscape may start to shift to give more market share to other gTLD extensions within 5 years but as it stands .com’s still hold the most value for companies and organizations looking for a premium domain today.

To learn more about OnlineBusiness.com, visit their website or learn more by contacting the team directly at contact@onlinebusiness.com.

About OnlineBusiness.com

OnlineBusiness.com is a digital marketplace for premium domains and starter sites. They specialize in helping their clients to acquire the best domain name to increase credibility and brand power. Currently, they list over 3,500 domain names with a combined valuation of over $5M. To learn more visit https://www.onlinebusiness.com.

Contact Information

OnlineBusiness.com Media Team

contact@onlinebusiness.com

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Business Marketing & Sales Professional Services Retail Technology

OnlineBusiness Shares Key Points in Selecting the Best Domain Name for a Winning Brand

As mentioned in an earlier report, OnlineBusiness.com, a digital marketplace for premium domains and starter sites, has seen a surge in the sales of premium domain names across all industries. Based on the team’s research, there is a direct correlation between the pandemic that struck in the middle of 2020 and a seemingly increased importance on having a digital presence and a proper digital marketing program. That digital presence arguably starts with a proper domain name. 

“We have seen rebrands and purchases of premium domain names on a scale we haven’t seen in recent years. This only continues to reemphasize the importance of having the best domain for your company or organization, especially in today’s business environment,” said Anthony Santiago, VP of Marketing at OnlineBusiness.com.

There are many factors to consider when choosing a domain for one’s business and brand. OnlineBusiness breaks it down into four factors:

Brevity – Try for a domain that is shorter than 7 letters and no more than 3 syllables to keep the domain as memorable as possible.

Generic Value – If a domain is one that can have a broad usage, a company allows themselves the flexibility to expand their brand or products without a potential pigeon hole with a too specific domain. This allows one to stay future-proofed for unexpected pivots or expansions.

Keywords/High DA – If the domain is a competitive keyword or search term, it already has a competitive advantage. The domain may already have an audience and can bring immediate traffic at the offset. 

Another plus would be the domain having a High Domain Authority score which typically means there are a substantial number of authoritative sites linking to the domain.

Brandability – If the domain is catchy, it has a higher chance of being memorable and also brandable which when combined with a well-thought-out marketing strategy, gives a domain the best chance at success.

It’s important to mention that these are only general guidelines and there have been many successful domains and companies that have not followed these practices. Along with choosing a proper domain, the marketing strategy is just as important once the domain is acquired and put to use. Properly marketing one’s company online with the domain is the next step towards having the formula to capture the mindshare of the right target audience.

To find a domain that best fits a company or brand and to learn more visit the website of OnlineBusiness.com or learn more by contacting the team directly at contact@onlinebusiness.com.

About OnlineBusiness.com

OnlineBusiness.com is a digital marketplace for premium domains and starter sites. They specialize in helping their clients to acquire the best domain name to increase credibility and brand power. Currently, they list over 3,500 domain names with a combined valuation of over $5M. To learn more visit https://www.onlinebusiness.com.

Contact Information

OnlineBusiness.com Media Team

contact@onlinebusiness.com

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Business Marketing & Sales Media & Communications Professional Services U.S

Ross B. Williams to host Modern Profits Networking Party before major sales funnel marketing conference in Orlando.

Orlando FL- August 26th: Ross B. Williams Founder of Modern Profits announces Networking Event to prequel sales and marketing funnel conference in Orlando FL.

Ross is well known in the digital marketing industry for hosting top-notch events, from networking parties, masterminds, conference cruises, and even block parties. After having to cancel his monthly networking events last year, he is excited to bring back this event as a pre-networking party to his favorite conference FHL. Where in February 2020 he earned the Two-Comma club award for his party business. This award is given to marketers who do over one million dollars in sales through one funnel using Clickfunnels software.

Modern Profits Networking Party For Marketers is great for conference attendees to connect on a more intimate scale before entering a massive conference. When you arrive at a big conference and already have dozens of connections, new friends, and possibly even business deals it will make for a better overall experience.

In previous years Ross Williams and Stephanie Saenz hosted networking events before Grant Cardon’s 10x conference in Miami Florida and two more hosted in Nashville Tennesee before Clickfunnel’s, Funnel Hacking Live.

“These events create very strong long-lasting friendships. The kind of friendships that change your world. When people become friends first and do business second the power that can be accomplished is astronomical. It’s like rocket fuel and your business is a rocketship.” Ross told us.

Ross is excited to host this event in his hometown of Orlando Florida and is looking forward to having his local network as well as his national network come together and build new relationships.

The networking party will be held at The Dream Room about one mile from the Gaylord Palms resort in Kissimmee from 7:00 pm-12:00 am on Tuesday, September 21, 2021.

Modern Profits will be offering a complimentary Party bus shuttle service from LimoVenture Orlando for attendees.

There will be a networking experience from 7:00 pm-9:00 pm and then transition into live entertainment from 9:00 pm – 12:00 am.

Live music will be performed by SWITCH an 80s and 90s Rock Tribute band. They will first perform Back To The Eighties: 80’s covering all the hits that made the 80’s great. Then they will SWITCH Into the 90s with all the music that made the 90s amazing.

Making connections before entering a massive conference can greatly change your conference experience.

Having the opportunity to network with attendees on a smaller scale will dramatically increase your chances of making true long-lasting relationships for both personal friendships and business ventures. 

The Modern Profits Party is great for entrepreneurs, digital marketers, coaches, and consultants.

You can learn more about this event at https://modernprofitsparty.com/

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Automotive Computers & Software Finance Personal Finance World

Founder of Plensy™, Sam Errama, has been nominated for an Auto Finance Innovator Award

Plensy™ is proud to announce that its Founder and CEO Sam Errama has been nominated for the AUTO FINANCE INNOVATORS award. This award honors the industry’s movers and shakers and recognizes innovative new developments in the auto finance industry. The honorees will be announced on November 15th, 2021. “It’s an honor to be nominated,” says Sam Errama, Founder of Plensy™. “I’m excited to see what comes of it.”

Sam Errama created Plensy™ to transform the antiquated traditional financial ecosystem, known as the credit score rating, from the current loan processing methodology by offering lending services through the Plensy™ platform. Plensy™ is a completely new and a unique tokenized blockchain technique of disrupting the entire financing concept by removing the old approach of evaluating a borrower’s potential based on their credit score.

In addition, the 2021 Auto Finance Innovators Awards recognizes industry professionals that have made significant technological contributions to their company and the field. It comes on the heels of a year of major innovation in the auto finance industry.

Other notable nominees include, but not limited to, Tanya Sanders, Head of Auto at WellsFargo, Chris Nicotra, Head of Consumer Auto Lending Technology at Capital One, Kevin Singerman, CEO & Co-Founder of AutoFi, and Chris Depperman, VP of Finance & Insurance Operations of Berkshire Hathaway Automotive.

Plensy™ not only brings innovation to risk assessment but also revolutionizes the broader credit and finance market by tokenizing with NFTs as ” Auto Smart Loans”. The Plensy™ token is a digital asset that can be programmed to produce a yield, making it an attractive new class of digital securities.

Plensy™ has reached agreements with over one hundred twenty (120) dealerships in the United States and is pushing forward with an expansion in the $98B DeFi ecosystem. Some of the largest automotive groups in the United States, which collectively operate over a thousand (1,000) dealerships, are ready to offer Alternative Financing to their consumers.

More About Plensy™: 

Plensy™ is poised to disrupt several trillion-dollar markets with a simplified, fair, and intuitive points-based lending-system that expands marketplaces, diversifies risk, and streamlines the process for everyone involved. This would have enormous economic and social impacts! 

https://Plensy.com  

For more information on Plensy’s business model or Seed Fund Round, contact Chief Growth Officer, Brandi Kolosky, Brandi@Plensy.com  

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Automotive Business Finance Financial Market Stock Market News

Plensy™, A Points-Based Lending-System Opens Seed Funding Round to Offer NFT Auto Smart Loans to Dealership Customers

August 24, 2021 – Los Angeles, CA – The Los Angeles-based FinTech startup Plensy™ announces the opening of its $25M seed funding round. Plensy’s patent-pending Points-Based Lending System will compete with digital lending platforms and banks by elevating the vehicle buying experience for both customers and automotive dealerships. For 3 years the team has been self-funding the developement of the technology and systems solving problems holding back the adoption of DeFi into the antiquated automotive sector by applying NFTs to Auto Smart Loans. Plensy™. 

Plensy’s mission is to replace outdated, discriminatory, and draconian credit scoring and lending systems with a smarter, honest, more ethical, and equitable approach to risk assessment and financing, based on real-time data analytics, artificial intelligence (AI), and blockchain technology using asset-backed Non-fungible Tokens

The AI algorithm authenticates protocols and information between the dealership and consumer that are inputted into the Plensy™ DMS (dealer management system) with both transparency and secured methods of verification stored on private and public nodes. Instead of a monolithic credit score often based on outdated or inaccurate information and prone to misuse, Plensy™ evaluates prospective borrowers based on their current buying power and true ability to repay a loan.  

Plensy™ not only brings innovation and a fresh perspective to risk assessment but also revolutionizes the broader credit and finance market by tokenizing with NFTs (converting to a digital format), coined as Smart Loans into programmable, yield baring, new and attractive digital asset class which can be purchased and sold on a state-of-the-art platform cryptographically secured with blockchain technology. The low interest rate that Plensy™ will compete with is desirable among investors looking for a good return on their investments and higher monthly income for dealerships. 

Plensy’s Unicorn pedigree includes addressable market, scalability, unfair advantage, timing coincidence, and its founding team:  

  • Sam Errama, Founder & CEO with 20 years of experience in the Automotive Dealerships and Data Marketing industries,  
  • Murali Margapuri, Co-Founder & CTO with 20 years of experience as CTO & VP of Citibank / Banamex global, and  
  • Brandi Kolosky, Chief Growth Officer with 14 years’ experience in Brand Marketing, Capital Raising, Blockchain & Mining Solutions, Global B2B & B2C Business Development and certified in Innovations in FinTech

 

Approximately one hundred twenty (120) dealerships have signed agreements with Plensy™, because of their attention in cross-pollinating and growing the $98B DeFi ecosystem together. Some of the largest automotive groups in the United States, which collectively operate over a thousand (1,000) dealerships, are ready to offer Alternative Financing to their consumers, beating the quota goal before the funding round began. Plensy’s current financial model only predicts 1% of the $1.4 trillion auto loan market (300 dealerships) — proving the Plensy™ model is the future of car buying. There isn’t competition. There is only coopetition. 

This new approach creates a net positive social and economic impact as millions of previously ostracized consumers are welcomed into the marketplace and new financial opportunities are created for both lenders and borrowers.    

In 2015, the US Congress declared credit scoring to be a monopoly controlled by just one organization, FICO. This monopoly provides credit scoring for more than 90% of the top US lenders. FICO’s credit scoring system leaves over 26 million Americans “credit invisible” and an additional 19 million un-scorable.  

Sam Errama, Chief Executive Officer of Plensy™, expresses: ”We intend to disrupt the antiquated automotive financing ecosystem by delivering asset-backed tokenized loans.”” 

More About Plensy™: 

Plensy™ is poised to disrupt several trillion-dollar markets with a simplified, fair, and intuitive points-based lending-system that expands marketplaces, diversifies risk, and streamlines the process for everyone involved. This would have enormous economic and social impacts! 

https://Plensy.com  

For more information on Plensy’s business model or our seed fund, contact Chief Growth Officer, Brandi Kolosky, Brandi@Plensy.com