Posts Tagged ‘travel’

Mass Producing in Low Cost Areas

July 25th, 2017 Comments off

For many many years now, companies have been having their products mass-manufactured in Asia, usually in and around Southern China as this is now recognised as the global manufacturing centre of the world.

But why do these big producers insist on having their products made so far away from home? Well, one answer to that question is that because of the exchange rates between our country and most Asian countries, which works out very much in our favour.

That is pretty much the main reason that a lot of companies source their products from Asia. I mean, what more reason does a company need to do something if its going to save them lots of money in the long term? But there are some other advantages, and a few disadvantages.

There are only a few advantages, but I still think that they by far outweigh the disadvantages. The main one I have already talked about, the price. For every single GBP you get 11.2CNY (Chinese Yuan), so your money really does go a lot further.

Another advantage is the close proximity you gain to their local trading environment. If you can get your company recognised in the Chinese trading industry it can only benefit your organisation. Also there is a good chance that you will end up a lot closer to the raw materials you need to make your product, therefore saving on the acquisition of your raw materials as well.

The disadvantages, I would say, are severely disproportionate to the advantages in that they seem relatively insignificant. The main disadvantage is the shipping cost. Actually getting your produced product back to the UK/USA/wherever you are based can be a bit pricey, but compared with the money you will have saved on the actual production, I think this is an insignificance.

As well as that, there’s the time that shipping takes. This is probably more of a disadvantage as this could result in loss of turnover if demand for your product is high enough. Also, the production might be a little sloppy to start with, but if you get a good sourcing company to sort it all out for you, they will ensure that this doesn’t happen.

In summary, it is my personal belief that sourcing form low cost countries such as Southern China is far more advantageous to businesses than domestic sourcing.

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Investments in Perdido Key Florida

July 13th, 2017 Comments off

If I was free to buy a condo someplace in this country it would be Perdido Key Florida. There are a few reasons. Number one is that there are awfully few hotels in the locale, so you can rent them out. The view on the beach is just gorgeous over the Gulf of Mexico. You are close to both Alabama and Florida and even Mississippi.

I previously traveled to this area for the Mullet Toss. It is a beach celebration where people throw a fish from Florida to the Alabama line. It was a fantastic beach party, with a lot of things to do. The thing I love about this area is that it is so laid-back. You can go all over the place in just a bathing suit, or a t shirt. You dont need to be all fancied up to go out to have a meal.

If you are looking to travel to this area you are going to rent a condo. There literally are no hotels in this city that I am conscious of. Everything there is vacation rentals. This is not a unpleasant thing, because you can actually get a nice place right on the beach with a balcony for less than you can get a hotel room.

There are many property managers that run the condos, so if you are looking for an asset this is a great place to invest. You can by a condo, and then take a vacation to it for a few weeks a few times a year. Then the other 48+ weeks you can lease it out like a hotel room by hiring one of these property management firms.

The only competition you have is other condo owners. This allows you to travel free, and you can actually depreciate the cost of the condo over time since it is an investment property.

There are some tips though if you can invest and you are just traveling to the area. Most of the hotel websites that rent hotels, also rent condos in the area just like hotel rooms. You can save a lot of cash by simply getting a condo this way.

Simply visit a discount hotel site and search for Perdido Key Florida and book yourself in one of those beach front condos. Keep in mind they are STILL rebuilding from the destruction of Hurricane Ivan. It is still just a beautiful place to stay.

Most Common Variables Considered When Calculating Travel Insurance Rates

June 23rd, 2017 Comments off

Travel Insurance is a form of limited or special situation insurance that covers loss arising from a specific event. This could be flying in an airplane or riding in a train. The policies are based on the behavior of a group of individuals engaged in an activity and the likelihood that a loss will occur.

Travel Insurance is rated based on the occurrence of a loss as it affects a group of common interest, such as airline passengers. This differs from individual coverage, which rates the risk of loss occurring based on the personal preferences and habits of the insured. It would be difficult to use individual underwriting standards such as age and health status to travel insurance since not everybody flies in an airplane.

Group insurance factors in the community experience of the group as a whole in order to access the probability that loss will occur. Community experience factors can include the number of air disasters in a given region, or in a given year, or by a given carrier. When assessing loss exposure on a group basis it is easy to discern certain trends and patterns regarding the chance of loss. Since air travel is deemed safe with air disasters occur very infrequently (roughly 1 in 2.5 million), the rates for travel insurance is very low.

If you accept that activities such as air travel are safe with a low probability of occurring, why the need to buy travel insurance? Insurance is about something not happening, as oppose to a loss occurring. Insurance provides a way to restore value in the event of a loss and for some, having the piece of mind that some benefit may be available may be important.

Travel insurance policies are typically issued in kiosks at an airport. It may also appear as a rider associated with a credit card or to a person’s property and casualty indemnity coverage. However it is purchase, the benefit provided is a low amount of coverage, maybe no more than $25,000 (although a few higher death benefit policies exist). This is done based on the community experience-rating factor that looks at the incident of death or dismemberment occurring based on the chance of an airline disaster.

How old you are, how physically fit you may be, whether you smoke or not, are all rating factors or variables that are not important to issuing travel insurance. None of those factors has an impact on a plane taking off and landing and the likelihood that a crash will occur. That the instances of plane crashes are so low suggests that very limited factors need to be considered when pricing travel insurance.

Insurance is based on a concept of risk transfer. This means that the individual pays a premium amount that insures that if something were to happen, the insurance will provide a benefit to compensate the policy’s beneficiary. The amount paid in premium is low relative to the potential benefit that is paid. The insurance company rates the potential for loss and prices its policy accordingly so that it is able to pay if that loss occurs. The higher probability that a loss can occur means a higher premium. Applying group underwriting principles to travel insurance helps provide a product that is low cost and pays a uniform benefit.

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Backpacker Travel Insurance C v

June 2nd, 2017 Comments off

If you are a backpacker travel insurance needs to be at the top of your agenda when organising your backpacking adventure. Backpacker travel insurance is usually excellent value and will afford you the most needed cover at more general and affordable levels than other travel insurance packages so that you can go backpacking around the world without worrying about the costs that illness or accident might incur without paying an arm and a leg for your insurance.

Backpackers tend to travel on a tight budget and backpacker travel insurance accommodates this due to its great value for money. Backpackers also tend to find accommodation on a tight budget which often means that the accommodation is either not in the best condition or could be situated in a less desirable location than other more expensive accommodation. That is what backpacking is all about but that doesn’t mean that backpackers need to fear for their belongings because backpacker travel insurance will insure loss and theft of personal items while you’re on your adventure regardless of the area you stay in or the number of stars that your hotel boasts.

Backpacker travel insurance is usually inclusive of illness and accident cover, cancellation of flights insurance, damage or loss of personal items cover, often cover for those partaking in extreme sports and medical cover too.

Backpacking can also be more unpredictable as the more carefree and often younger backpacker tends to be less choosy about the quality or mode of transport that gets them from A to B. Hitch-hiking (whilst not recommended in many areas) is very popular and certain precautions should always be taken, this doesn’t guard against the unpredictability of it.

Budget air travel and land travel are a priority to the backpacker and sometimes this can mean a longer journey and more stations leaving the backpacker, once again, open to more unforeseen circumstances. Backpacker travel insurance is the affordable and smart way to protect you from unexpected travel issues.

Backpacking is a unique way to bond with locals and get an insider’s view into a city. Backpackers are exposed to more realistic aspects of life in foreign cities and this enriches their travel experience and makes living on a tight budget well worth it. Backpackers, however, should certainly never leave home without sorting out their backpacker travel insurance.

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The Benefits Of One Way Rental Cars

March 29th, 2017 Comments off

One-way rental cars are an important thing to consider when planning a long travel and a lot of vacationers as well as business travelers are in agreement with this. One way rental cars are also a good choice for individuals as well as families that are moving out of state.

There are many perks to one way rental cars such as discounts and flexibility. Mileage restrictions are also often eliminated with one way rental cars.

Sometimes it is not feasible to drive a round trip. This is where one way rental cars can come in handy.

One-way rentals also come in easy for people who want to have a road trip, but they don’t have time to drive both ways. Renting a car and then flying home allows travelers to have more extra days of holiday.

A lot of rental car companies offer greatly discounted rates, so that financial savings are inevitable with one way rental cars.

Vacationers will have extra money to spend on their trip by saving some money on their car rentals. This makes car rentals inexpensive for business travelers as well as vacationers.

Flying by airplane can be stressful at these days to say the least. Increased security restrictions since recent terror attack in the United State have made for long lines at the airports.

One-way rental cars save the time as well as hassle of having to go through airport security, purchase your tickets, check your luggage, and board a plan. All you have to do with one way rental car is get in the car and then drive!

Traveling by minivan, truck, or car is also a fantastic way to see the sights during your trip. You will enjoy roadside diners, visitor’s centers, and the opportunity to get out and stretch whenever you please.

Another benefit to choosing one way car rental is saving the odometer on your car. It is important that we keep our cars up to date a well maintained so that they will last a long time. You could save hundreds of miles on your car by choosing to use a rental car.

Rental cars are also great because they come with roadside assistance. This means if you should break down the rental company will pay to have the car towed and they will see to it that you get another rental car to replace your previous car immediately.

If you have a plan to take a trip soon, you should defiantly consider choosing a rental car, since one way rental cars can save you a lot of money.

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