The wholesale business is one of the best to enter if you have an entrepreneur’s mindset and enough working capital for your business model. Retailers rely on distributors to provide different types of products at prices beneficial to their end customers. It’s an industry worth over $3 trillion and with over 300,000 companies in the United States serving as vendors.

There’s more to being a supplier than buying different types of products in bulk at low prices and selling them to retailers. It requires an understanding of sales, marketing, and supply and demand. So, how do you get started in the wholesale industry? We’ll cover that and more in this short article.

Choose a specific market on which to focus.

One of the first steps to becoming a wholesale supplier is finding your niche. Every industry needs wholesale distribution, and focusing on one sector or marketplace is the best way to grow your reputation.

It’s imperative to focus on high-demand products when choosing a wholesale trade. One way to find out what products are the hottest is to check the sales of retail stores. The grocery, general merchandise, and apparel industries are among the largest in the United States, and they’re essential. Those are industries that provide security and great potential for success.

It’s also wise to choose an industry about which you already know a great deal. For beverage enthusiasts, it would make sense to become a premium liquor distributor. You could use your knowledge of the best vodka brands to provide liquor retailers with high-quality goods at competitive prices.

Determine your business needs.

You have to be a master of acquisition to succeed as a wholesale distributor. Your first acquisition will be a warehouse and the operational equipment you need to run your company. So, you need to figure out how much warehouse space and what equipment your company will need.

If you’re selling small, lightweight products, you might not even need a warehouse. Did you know the first Amazon “fulfillment center” was Jeff Bezos’ garage? He even made deliveries in his car. So, if you’re selling small items, you shouldn’t need much space or equipment.

On the other hand, if you’re a reseller of groceries or furniture, you’ll need more space and some forklifts to do the heavy lifting. Moreover, you’ll have to work out your business’s logistics. Will you deliver your goods or go through a third-party delivery company? These are the questions to ask yourself when building your wholesale infrastructure.

Find manufacturers in your industry from which to buy.

Wholesalers act as middlemen between retailers and manufacturers. So, building relationships with manufacturers and retail businesses is one of your most important responsibilities. If you plan to distribute a single product like nutritional supplements, you’ll need to find the right nutritional manufacturing companies to build your inventory.

New companies in the wholesaling industry spend much of their first few years trying to pin down their distribution channels. It’s wise to work with manufacturers and retailers within close proximity of your company in the early going. As your business and inventory expand, you can add retailers from different regions to your growing list of retailers.

The distribution industry is a multi-trillion-dollar industry that’s steadily growing. It is one of the industries in which you can start as a small business and work your way to becoming a large corporation. The keys to success in the wholesale industry are hiring the right people, procuring and selling high-quality products at low prices, and attracting new customers. With the right products and strategy, your company can become a supply chain stalwart.

Incidences of health care fraud remain at high levels despite the extreme attention paid by policymakers and law enforcement. This is because significant scams appear to be artfully designed to bypass routine controls given the many control loopholes, and they can remain invisible for long a long time. According to Gregory Pimstone of Manatt, the proportion of annual healthcare expenditures lost to fraud remains unknown because they are not systematically measured. Many healthcare fraud cases are being committed against Medicare and Medicaid, government-run health insurance programs funded by tax payers.

Money Over health?

Dishonest service providers commit many types of healthcare fraud; For example, a service provider performs unnecessary treatment or procedure on a patient to bill insurance. In agreement with this, many primary care physicians believe that their patients are receiving too much unnecessary care that is meant to benefit the care givers financially sometimes at the expense of the health of the patients- Some of these tests, like X-rays, are potentially harmful to the patients’ health. Other methods employed by these fraudsters making a billing to the insurer for more expensive drugs than those provided and claim reimbursement or include prescriptions that were never offered.

Data theft

Recently, stolen medical records are more valuable to thieves than credit card numbers. There are evidence indicating that insincere charges have been claimed and paid to fraudsters who use stolen medical records. For example, some providers will steal information about a particular patient and use the information to bill insurance for services, procedures, and supplies that were not provided.

Mislabeling of Treatments

Other medical practitioners mislabel a treatment that is not covered by insurance with one that is. This often happens on controversial procedures that are not yet approved. The providers lure the patients to participate in this kind of fraud since the patient’s additional costs are waived. Ambulance workers have also found a way to scam the system by offering patients kickbacks for pretending that they cannot walk, thus allowing them to qualify for emergency pickups. The ambulance company charges Medicare for the services.

Need for Action

Looking at the health care system, many loopholes affect the sector’s integrity however sensitive it is. There is a need for policies and health provision procedures to be improved by considering all these challenges and loopholes. Healthcare providers must be committed to keeping the integrity of the healthcare system intact because many people have entrusted them with their health, and they must prove themselves worthy of this trust.

 

Underground Cellar is an exciting new way to discover, buy, and store limited-edition wines. Through gamification technology, the platform enables its users to buy wine within their price range and thereafter upgrade a few to higher quality wines. Apart from buying, members can also get free upgrades by introducing friends and participating in discussions with other users. Joining the platform is an easy and free process, provided one is over 21 years.

THEIR APPROACH

Thanks to Underground Cellar, wine enthusiasts can now find and learn about wine, as well as buy bottles at their price point while simultaneously leveling up. The e-commerce website also helps the wineries by offering them a different approach to moving their inventory. Underground Cellar redefines the value of premium wine by offering randomized upgrades rather than discounts. This protects the wineries from the negative consequences of discounting their brands and, at the same time, providing a better new way for its members to experience high-end wines without visiting the store to purchase. Most of its deals are direct with the winery, and therefore, a customer is guaranteed of receiving their purchased bottle straight from the winery itself.

OFFERS

Every week, different offers are posted on the platform for its members to view. Each offer consists of a few similar wines with varying listed prices. Members are then required to choose and pay for the lowest-priced bottle. This provides the members a chance to be upgraded to a higher priced-bottle. The process is transparent because all upgrading information is available on the platform.

THE CLOUDCELLAR

Active members are provided with an opportunity to become wine collectors by offering them a place to store and accumulate their purchased bottles in the company’s wine cellar called Cloud Cellar. Located in Napa Valley, California, the Cloud Cellar is a humidity and temperature-controlled cellar where members are allowed to store over 500 bottles of wine from several different wineries. They can keep the bottles for unlimited time, and when ready, they simply click on their “CloudCellar” tab and select which bottles they want to be shipped to them. Members can also request that these bottles be delivered chilled and ready to drink to practically any location in the United States. Another benefit is that members receive free ground shipping when they ship 12 bottles.

 

Have you thought about making a sort of investment? Well, you should doubtlessly consider gold, as it remains almost unrivaled by other investments owing to the stability it provides in periods of economic upheaval, inflation, war, currency fluctuations, etc.

Investing in physical gold isn’t the only available alternative. Nowadays, investors can buy mining shares or ETFs, trade futures and options, etc.

The following information will teach you about your investment opportunities.

Bullion

When thinking about gold investments, bullion is usually the first thing that comes to mind to average investors. It comes in bars whose size ranges from a quarter of an ounce to 400 ounces, even though the most available bars weigh either one or ten ounces. Given the high price of bullion, investors are recommended to make purchases from a reputable dealer of precious metals or a brokerage. They should also plan a portion of their budget for insurance and storage in a safe deposit box.

If investing in bullion, you should keep track of the gold’s price so as to choose the best time to make a purchase. Most of the dealers update the prices in relation to the momentary spot prices. Besides bars, many investors invest their funds in gold coins, usually the most widely circulated to ensure maximum liquidity. The most available coin types include American Gold Eagles, Canadian Maple Leafs, and South African Krugerrands. Visit this website to see five important factors you need to consider before you buy gold.

Moreover, these dealers are expected to take the necessary actions to verify the authenticity of the products they sell by collaborating with reputable coin agencies. Most coins are BIS-hallmarked, which is why buyers should always look for a purity certificate. The making charges for coins are between two and ten percent over the actual gold cost. In contrast, bars’ manufacturing costs are as low as 0.5 percent, even lower for bars of one kilogram.

Regarding taxes, investors are required to pay three percent of goods and services tax (GST) at momentary rates. This amount cannot be recovered when selling the products you’ve purchased. Some of these dealers might sell worn or damaged coins, even blanks.

In general, not just coins but also bars are easy to sell because of the low markups in comparison to jewelry. Nevertheless, most lenders refuse to accept these products for taking out gold loans unless they are at least fifty grams and twenty-four carat.

Jewelry

Another possibility for investment is buying gold jewelry, which is thought of as a safe way of investment throughout history. Anyhow, investors must factor in the risks that come with such investments, particularly regarding authenticity. It’s essential to purchase hallmarked jewelry whose purity is verified by the government. Make sure to gather all the necessary documentation from the dealer, as you’ll need it when trying to resell the pieces. This URL, https://www.huffpost.com/entry/fabulous-finds-appraising-gold-jewelry_b_2103882, reveals some expert tips for buying and appraising gold jewelry.

When analyzing the costs, investors should factor in both the cost of the raw metal along the manufacturing costs. The price of manufacturing and designing such jewelry starts at twenty percent of the overall metal value. Regarding maintenance, you need to have a safe space to store the jewelry, which is provided by local banks. The expenses for storage are based on the branch’s location, size, and kind of locker.

Moreover, insurance costs should be factored in as well, which vary across insurers. Some insurance companies offer jewelry protection included in home insurance plans. Nevertheless, the expenses associated with it depend on the jewelry cost and the plan you choose.

Regarding taxes, the rule is the same as that for bullion, meaning three percent GST at momentary rates. Once again, you won’t be able to recoup these funds when reselling the jewelry. Also, you’ll be expected to pay capital gains taxes on the profits made from the sale. If having any problems understanding the taxes, make sure to consult a tax advisor.

Mining stocks

Another alternative for making gold investments is buying mining stocks. Instead of purchasing physical gold, many investors opt for investing in companies that mine and trade gold. Anyhow, the value of stocks of these companies isn’t only correlated with the metal’s current value but also the performance of each company.

Furthermore, the profitability and expenses of these companies dictate the stock’s price. When gold increases in price, mining shares increase as well. When its value drops, the shares lose value dramatically. The security of physical gold is believed to be higher than mining stocks, which hold a particular level of volatility.

ETFs and mutual funds

When looking for long-term stability, investors should think about investing in ETFs and mutual funds. These options offer greater liquidity than bullion and better diversification than stocks. There are numerous sites, such as Bonds Online, helping individuals make the right investments by providing all the necessary facts. For instance, these funds can be passively or actively managed.

Passively managed funds keep track of industry trends or bullion prices by using future and options. In contrast, actively managed funds are usually managed by professional investors and charge higher expense ratios. Just like when investing in stocks, investors aren’t purchasing physical gold, but paper, meaning the performance of both investments isn’t the same.

Futures and options

The riskiest kind of investment, reserved for the most skillful investors, is trading futures or options. Both futures and options are highly speculative, as the former allows investors to purchase or sell securities for a set price on a future date, while the latter provides them with the option to buy or sell securities if they reach a particular price on a pre-determined date.

Trading futures and options are feasible only by setting up a brokerage account and signing additional forms to confirm the risk of such investments. The moment you set up a brokerage account, you can make purchases and sales.

Final word

Gold is a synonym for stability. It’s worth the investment!

 

Did you know that the number of crypto users worldwide reached over 200 million this year? This just shows how easy it is to get started with digital coins. Thousands of exchanges have emerged today, making it so much easier for anyone to get their hands on crypto. In fact, nowadays, you can buy crypto with pretty much anything.

Bank transfers are the most common mode of payment when buying crypto. Major crypto exchanges and vendors from peer-to-peer marketplaces like Paxful prefer bank transfer payments as there are no chargebacks.

On the other hand, PayPal is one of the most widely used payment options among 184 online wallets supported by Paxful. Since it’s available almost everywhere, you can buy Bitcoin with PayPal right away.

In case you didn’t know, you can actually buy Bitcoin with gift cards too! There are vendors on P2P marketplaces who trade their crypto for unused gift cards from Google Play, PSN, Amazon, and 126 other brands.

These are just a few of the payment methods you can use to purchase crypto. And we bet you can even use the most popular ones in your country. So, are you ready to get your first fractions of Bitcoin? Let’s get you started.

How to buy small amounts of BTC

Bitcoin’s market value is over 44,000 USD at the time of writing (August 20, 2021). Contrary to popular belief, you don’t need to buy one whole of BTC to start trading. Bitcoin is a highly divisible digital currency, which means you can buy fractions of it. Paxful is one of the platforms where you can buy as little as 10 USD worth of BTC.

All you need is to create and verify your account and then follow these three simple steps to buy Bitcoin with your preferred payment method.

Step 1. Find an offer that matches your needs

On your Paxful account, select Bitcoin as your preferred cryptocurrency and input your preferences. You can choose from payment groups of bank transfers, online wallets, digital currencies, gift cards, goods and services, and cash for the mode of payment. For this example, let’s choose PayPal, one of the most popular payment options on the platform.

Enter the amount of BTC you want to buy, choose your preferred currency, then click Find Offers and a list of Bitcoin vendors will appear.

It’s best to choose an offer from sellers who are most active on the platform and are always ready to trade. This will make trading faster and easier for you. It’s also important to check a user’s reputation scores—the higher the positive feedback, the better.

Step 2. Start the trade

Once you find a reputable vendor, click Buy. You’ll then be redirected to the Offer Page, where you’ll be asked again to input the amount you’re willing to pay and the currency you want to use. The amount of BTC you’ll receive will appear just below.

Before you proceed, scroll down a little further to quickly go over the seller’s trade instructions and requirements. If you agree to the trade terms, click Buy now. This will then open a live chat where you can discuss all transaction matters with your trade partner.

Once you’ve sent all the information requested by the seller and completed the payment, mark the trade as Paid and wait for it to be verified.

Step 3. Wait for your BTC to be released and leave feedback to your trade partner

After your trade partner verifies your payment, the BTC will be released from escrow and sent to your account. And that’s it! You’ve just bought Bitcoin using PayPal.

You’ll never run out of options

We told you, buying Bitcoin is that easy. And the best part is that there are zero fees on Paxful when you buy Bitcoin using any payment method.

*Paxful has no relation to PayPal or any other financial services providers. We make no claims about being supported by or supporting these services. Their respective wordmarks and trademarks belong to them alone.

 

As the world is slowly returning to normalcy, many people are getting ready to head back to work. While remote working is still the reality for some, there are essential items you should have with you regardless of where you’re working from.

Equip yourself with all the essentials, so you’re fully prepared before you have to head to the office. You can find a range of clothing available in online stores like Workwear Hub to suit your needs.

Your Work Attire

Whether you need a suit and tie for your office or require a proper uniform for your workplace, it’s best to keep it ready. You can find uniforms for the industrial, corporate, and hospitality sectors at online stores.

You don’t need to be constrained by classic styles because if you order your workwear ahead of time, you can choose from multiple catalogues that offer a diverse range of designs and fits to cater to your body type.

Finding workwear from different brands isn’t a problem when you’re shopping in stores that specifically cater to working individuals. Ordering ahead of time ensures you manage to get your size and desired design.

Safety Gear

If you work in an industry needing additional safety gear, it’s better to order it online. You can make sure you’re getting it at a reasonable price and quality by getting it online.

You can find sales and promotions happening almost all year round on websites, making it easier for you to shop within your budget.

Websites like WorkwearHub offer safety gear for multiple professions and requirements. You can find your safety equipment like gloves, hard hats, safety glasses, and more at a single destination. This saves you the time and effort to browse multiple websites or stores.

Face Mask

Even though more people are getting vaccinated daily, vaccinations are yet to be fully effective against all COVID-19 variants and can fail even against known variants.

If you are in a customer-orientated role or interact with many people due to work daily, consider getting a mask for your safety.

To ensure that you are protected at all times, it’s best to invest in good-quality face masks, especially if your workplace mandates compulsory masks. You can find many different styles, colours, and designs for face masks that can suit your workwear.

You can even find ‘Ready to Work’ kits containing all safety equipment and first aid kits necessary for different professions.

Additional Accessories

You might need to get additional clothing or accessories to complete your daily work outfits. This includes shoes, socks, hats, belts, and backpacks.

Consider getting all your workwear from one store or website so you can get a discount on your complete order. It lets you shop more for less and will be a good investment for the future too.

You should also buy a water and oil repellent spray for your accessories and clothes if you work in a work environment that exposes you to stains and water that are hard to remove over time.

Get Ready to Go Back to Work

Don’t be unprepared for when the call to go back to work comes. As offices and businesses are opening up, you must be ready to go as soon as you’re able to.

While you may be on a budget for buying your work gear, it doesn’t mean you have to lose out on quality. Stores like WorkwearHub offer a range of products at affordable prices made of material that will last you a long time.

Don’t stress about not having ample time to prepare for work when you’ve planned ahead of time and had everything ready to head back to the office!

 

Even though it’s still considered as one of the more traditional marketing channels, email marketing still delivers an enviable ROI when implemented properly. Let’s get right into it with a few tips on running email marketing campaigns that convert.

1. Build a Targeted List

A while back, you could have bought a list of emails and spammed the recipients. This was known as cold emailing and was somewhat effective. Today, not so much. Currently, you have to build your list and ensure its compliance with Canada’s anti-spam laws.

Some ways of doing this are sign-ups on your site, freebies like newsletters in exchange for an email address, and so on. Do this creatively, however, so that these requests do not interfere with user experience.

If you can get the right balance and a reliable relationship marketing platform, you will be well on your way to a successful email marketing campaign.

2. Have Strong content

Just like all other marketing material: the message is everything. You have to incentivize your audience to take the time to read through your email. To do this:

• Use a lot of white space to punctuate text and images and to make a page look inviting. Some humor doesn’t hurt either as relaxed, and friendly messages tend to be more favorable than rigid, salesy ones;
• Think of more ways to personalize emails over and above using the recipient’s name;
• Craft a clear, concise message and provide links where necessary.

3. Pay Attention To Timing

There is a thin line between badgering your audience and communicating with them. You want to engage with your audience and build loyalty without overloading them with messages. It’s a tough balancing act.

Unfortunately, there is no one-size-fits-all solution to this problem. A good way to assess optimal frequency is by looking at your analytics.

If you begin getting complaints, numerous unsubscribe requests, or your open rates drop drastically, it might be time to scale back.

4. Mobile-Friendliness

More and more people are using their mobile phones to access email. This includes your customers and prospective customers. This means you have to make your content accessible to mobile users the same way it is to computer users.

Here are some pointers to help you get this right:

• For an easy mobile fix, switch your email to a one-column template;
• Increase the font size to enhance readability on smaller mobile devices;
• Make the call the action easy to tap and place important ‘tappable’ options mid-screen.

One Last Thing…

Implementing these strategies will help you cover some ground. First, however, you have to constantly measure the impact of all your marketing campaigns, email marketing included.

The metrics you get from this will give you useful insights into what works and what requires tweaking.

While online casinos have been around for some time, their popularity been significantly boosted in the last few years. More people than ever before are availing themselves of these gambling opportunities, now preferring them over a visit to brick-and-mortar facilities. Much of this growth was propagated by COVID-19 and regulations that saw casinos close their doors or run partial operations. However, this is not the sole reason for rising online casino patronage. Here are some others:

Bonuses

Traditional casinos do not offer incentives to players like the online casino promotions players can expect from various sites. These range from free coins to use in games, bonus rounds, or extra spins. Many casino sites offer these when you join, but some also do so for loyal players. Before signing up with an online casino, research the incentives offered to get the best deal. Most bonuses come with terms and conditions attached to them, such as being valid for a limited time only. Ensure you understand how they work in case there is an ‘if you snooze, you lose’ clause involved.

Convenience

Michigan online casinos are relatively new, having only been launched earlier this year. However, they have taken the state’s gambling industry by storm. People no longer need to make long trips to traditional casinos to enjoy some gambling. Indeed, they can do so from home whenever it suits them. Since most people find gambling relaxing, it is the perfect way to spend a half-hour each evening instead of having to travel to a brick-and-mortar casino once every month or two. Casino operating hours and the restrictions they place on gambling are also a thing of the past as online casinos operate 24/7.

Secure payments

Many potential users were skeptical of online casinos at first as users provide some sensitive details to facilitate financial transactions. However, online casinos adhere to robust cybersecurity requirements from state gaming control boards to protect player information. Financial details are necessary to deposit money into your casino account or withdraw winnings. Therefore, if you strike it lucking, winning a substantial sum that could let you get into real estate investing, you can withdraw it, having it deposited directly into your bank account or credit card.

Advanced technology

Online casino games are so realistic that players do not need to worry about US travel restrictions or adhering to lockdown protocols while still enjoying an authentic gambling experience. The software powering these games is evolving and advancing at almost a daily rate, being passed on to you for a more exciting user experience (UX). Whether you prefer slots or table games, the game quality is exceptional. The games are optimized for desktop computers or smartphones, making them easily accessible.

 

The garage is a unique space in any house. Besides parking, many people use their garages for storage as well. You, therefore, need a flooring material that is sturdy and resilient to hold up to vehicle movement.

Depending on the items you store in your garage, the garage floor also tends to take many spills. Without a floor with some stain-resisting qualities, this space can quickly take too many stains that ultimately make it unattractive.

What are the different garage flooring options available and which one to choose?

1. Resin Flooring

When looking for a sturdy, beautiful floor for your garage, consider resin flooring. Resin is a hard plastic made from combining a hardener with a synthetic resin. This is essentially considered a resin coating.

While there are three types, epoxy resin is often preferred for heavy-duty use like garages and industrial use. When applied, epoxy resin floors completely bind to the existing floor, providing reliable, durable flooring options. For your garage, you can get one with anti-slip properties for additional safety.

2. Rubber Tile Flooring

Rubber floors are available in both mats and tiles. This floor type is easy to install and be done as a DIY job to save labor costs.

The rubber tiles are flexible and come in attractive patterns that can give any garage a significant facelift. They also come in interlocking patterns. This feature gives the tiles increased stability and strength. The pieces are available in 12×12 or 24×24 inches. These can be installed on any subfloors and work superbly well on concrete falls.

Another attractive gesture about this type of floor is that they are extremely affordable. Once installed, a rubber tile floor requires minimal maintenance, is easy to clean, and can withstand all climatic conditions.

3. Vinyl Flooring

An enhanced Urethane coated vinyl can be suitable for low-traffic garages that don’t get too much heavy pressure.

Urethane-coated vinyl tiles are flexible and attractive. You can opt for multicolored tiles to enhance the aesthetic appeal of your garage’s flooring. Once installed, this floor requires very little maintenance. Its cleaning regimen is also very simple and can be cleaned easily with solvents commonly found in the home.

4. Stone Flooring

If you don’t mind splurging a bit more on a flooring choice that will last for decades, consider stone flooring. Sandstone, graphite and flagstone are expensive but excellent types of garage flooring.

However, despite their durability, stone floors can get very cold in cool months. It’s therefore prudent to consider the climatic conditions of your area before installing a stone garage floor. This aside, this flooring type is eye-catching, extremely hard, and very resilient.

There you have it. These are among the best flooring types in the market. Depending on your budget, climatic conditions of where you live, and so on, you can find the best option for this important space.

Millennials, or Generation Y, differ from other generations in many ways. They have different priorities from those of older generations during their time. For one, many millennials invest in travel and experiences instead of building a career early on. They are forgoing marriage, even child-rearing. Millennials are also revolutionizing the housing market.

Gen Y is today’s most active real estate investors. They use technology to find and purchase their own homes. But instead of buying big houses being sold by the past generations, they are going for properties that will serve them multiple purposes in the long run.

The following shows how millennials are changing the housing game.

They Are Enthusiastic About Coliving

Before, buying a home meant buying a single-family house where you will own your own property. People value privacy so much that they are willing to take out a mortgage just to enjoy a beautiful home with a picket fence and a sizable backyard. They don’t like sharing the same building with other people, thus their willingness to pay more for a privately-owned property.

This often means buying houses that are a lot farther from the city proper. But these days, it can be challenging to find an affordable home located near business centers and other in-demand amenities. Most houses offered for sale are located in newly built communities.

But millennials actually like the idea of coliving. They don’t mind sharing the same building with other people. They actually appreciate housing options that have common spaces.

This is the very reason many millennials are buying their own condos. They don’t mind sharing amenities like gym facilities and swimming pools. They get to enjoy their own privacy while reaping the rewards of round-the-clock security.

Many millennials prefer condominiums because these are often closer to business centers. They get to nurture their modern lifestyle, including working remotely. They get to work, have fun, and unwind without leaving the city.

They Enjoy Other Benefits of Shared Living

Aside from living in condominiums, millennials are also taking advantage of other additional services and products offered by different providers. We are not simply talking about the free WiFi connection offered by some coliving spaces. This also includes housekeeping and laundry services.

This is not to say that millennials are not capable or unwilling to live by themselves. In reality, more millennials are now living alone. They simply enjoy having someone over and help them maintain a clean house instead of adding household chores to their to-do list.

Millennials don’t mind paying for experiences, including services that will make their lives easier. They are already a busy bunch trying to provide for their needs and their future. If there are benefits worth paying for, they won’t hesitate to grab them if they can afford them.

This is why many residential building owners and managers offer numerous benefits to their tenants and homeowners. They do this to attract millennials who are willing to pay for those extra services. This way, they won’t need to constantly look for customers to fill their vacant units.

More Are Renting Than Buying Homes

The pandemic only added to the financial headaches many millennials are currently facing. Many of them can barely afford a home due to their student debts and low credit scores. With the pandemic adding to their plate, many were left having to push back their homebuying after prices of homes plummeted.

Don’t forget about the fact that there is a current housing crisis in today’s market. Since more people are buying houses even though there are fewer houses for sale, many millennials change their plans and continue renting in the meantime. Some cannot risk buying a house in today’s market because of the amount of competition and low numbers of properties for sale.

The rise in prices of houses on the market has left some millennials with no choice but to skip a home purchase for now. They will have to continue renting while saving more for a down payment. They know that they are better off saving a down payment when buying a house than face the consequences of little to no down payment.

They Are into Digital House Hunting

Millennials are known for their dedication to technology. They are always online, looking for information and the things they need. They are also using technology to find mortgage lenders, go house-hunting, and basically streamline the homebuying process.

They are using technology to communicate with sellers, real estate agents, and mortgage lenders. They take advantage of virtual house tours before checking houses for sale in person. Millennials are also paying their mortgage online and are signing important documents virtually.

These are but some ways millennials are changing the housing landscape. They embrace technology, coliving, and renting. They are willing to pay for experiences and have other priorities compared to other generations. We can expect millennials to continue leaving a lasting impression on the real estate market.