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Youth Economist Compilation: For the youth by the youths

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For the past year, Youth Economist has brought to you an amazing assortment of articles on various domains of finance, economics, politics, business, entrepreneurship, and technology written by 50+ journalists from around 20+ countries worldwide. Hence, to make these mind-boggling topics available to you in greater detail, we have compiled our book The Youth Economist Compilation, which is the first in the series of multiple books that will be published by us in the near future. The tagline “By the Youth, For the Youth” written on the first page shows our pledge to promote economics and associated fields among the new generation of budding economists.

After a vote of thanks to the authors and all the people involved in the creation process, the first section of the book covers fundamental topics in core economics. The section details the various applications of machine learning in economics and these are followed up by a number of articles relating to the effect of COVID 19 on various branches of economics. The economics section also encompasses a structured discussion on green-collar jobs and their effects, before moving to articles on climate action and its impact on economics. The next section brings to us a brief insight into global economic scenarios in various countries like China, Lebanon, and the United States. Finally, we conclude with an article on the nature of bitcoin as an asset.

Following Economics, we have around articles in Politics, written by our amazing writers. This section highlights global political scenarios and reflects on the overall impact caused by significant political events. Some highlights of this section are discussions on the Biden presidency and its impact on the US- India relations as well as a discussion on the repercussions of silencing Trump. We focus on global scenarios like the Myanmar coup, the diplomacy behind the vaccines, and even the “Lula effect” on Brazil. It answers many burning questions of the youth like the effect of memes on politics, the freedom of the press,” Slacktivism”, economic diplomacy in current affairs, and even articles on the gamble of private education.

Our third sector is Finance, which has seven articles. For all the finance nerds out there, this section is going to be really lucrative. It covers many significant as well as quirky topics like the history of bitcoins, soaring gold prices, and more. It has detailed sections on the economics of organized crime, delving deeper to depict scenarios with proofs and statistics. It ends with detailed discussions on economic recession and the inequality in wealth distribution among nations- two fundamental topics in finance.

The next fields we cover are Business and Technology. Business as a section includes five articles detailing various ways in which social media apps can help develop businesses. It includes an overview of the rising payment platform Stripe and a discussion on change in payment services. The technology sector is a follow-up to the business sector. The Youth Economist compilation consists of articles that discuss complex concepts of artificial intelligence and machine learning in a simplified manner for the ease of understanding of youth. It includes topics like enterprise AI and the growing influence of technology on economics. But it also includes interesting and mind-boggling ideas like a simplified discussion of MIT’s new PizzaGAN, which is a machine learning-based pizza maker.

Lastly, we go over to entrepreneurship, another budding field of the twenty-first century. It consists of various ways in which Genz’s consumerism has shaped the fate of start-ups. It consists of discussion on tech start-ups like meeting platforms, the dominance of Ed-tech company Byju’s in India, and more. It highlights the unique entrepreneurship ideas that have emerged in the face of the pandemic, with an insight into the face mask market. The section concludes with an overview of ClubHouse, which has been sending waves in the tech sector.

The book is available on Amazon as an ebook as well as a paperback. It is a must-read for youngsters keen to gain more knowledge in economics and finance!

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Finance

Picking the perfect social media channel

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No product or service can be purchased if nobody knows that it exists. This is the function of marketing, which is to create awareness about your brand, engage with followers to promote the value which you offer and receive value in return, via sales. For decades the process of marketing involved a heavy price tag, as advertising via TV, radio and magazine involved a multitude of costs. While some of these mediums are still popular, today with the incredible addition of social media channels, marketing is now the gift that keeps on giving. Traditional methods cannot compete with the ease of use, quick feedback available thanks to the 2-way flow, and their pricing, a fraction of the cost. Each of the platforms currently available opens the door to a stage on which you can entertain clients, old and new, in a friendly and informal manner, which doesn’t of course negate the necessity for quality and thoughtful content, regularly. What you do on one can be easily repeated on another, oftentimes with only minor adjustments, so don’t feel pressured to select only one. All do have a personality though, so consider these aspects as you determine where to next.

• Your Audience
You need to know where your target audience is, what they are talking about, what they are responding to, and how you will be able to convert them into a customer. You will want to know on which networking platforms these people spend their time. As you brainstorm these vital questions, you will determine a list of your target audiences and then you can set out to find them online. Instagram, for example, has become more than just a way to share your vacation pictures with friends and family. Brands have been using Instagram as a new marketing platform for years now because there’s a great potential for growing a business regardless of what demographic you want to target. And using an Instagram growth service like Growthsilo makes things even easier because it allows you to reach a massive audience in no time. With over 1 billion active monthly users of the app, it’s worth exploring how you can tap into this audience to grow your business.

In this post, we’ll discuss some best practices for utilizing Instagram as an effective tool in your digital marketing strategy.   For example: Try adding links to products or services within the captions of posts; use hashtags strategically; utilize geolocation filters; make sure you’re posting content

The demographics of each social media platform indicate who they appeal to in the main and this is valuable insight and can inform your choice, however, these stats change quite regularly, as the platforms morph with new offerings. Current info is available online, so tap in when you’re ready. That said, almost all the platforms appeal to a full range of demographics, so your efforts on all will not go unrewarded if implemented efficiently.

• Advertising Options
Your business profile on each of the platforms will be a core focus area for your calendar of content which you must be deliberate about developing. Fools rush into random posts, published at any time of the day and on any day of the week. Stats provide evidence on when your post advertising your latest product will have the greatest likelihood of being seen. Ignoring these key insights will mean that your communication will disappear in the user’s feed, never to be seen, acknowledged, or acted upon. TikTok, Instagram, and Twitter have each developed an advertising-specific facility on their platform, which is an additional marketing avenue and all will ensure a bigger stage and brighter lights on which to captivate. This additional service is professionally supported by each platform who well understands how attractive and effective this value-add is. The more informal option of engaging on other apt user profiles, including industry influencers, competitors, active followers, is a valuable avenue to include in your campaigns. Likes and comments elsewhere increase your visibility, following, and the bottom line.

• Posting Methods
Publishing on all platforms means that the content you’ve prepared and placed into a post will be distributed to all your followers. What this content looks like and how it reads will differ from one to another and this will be based on the personality of each platform. TikTok calls you to action with a 15 second to 3-minute short-form video, which is casual, fun, and informative. Instagram encourages visuals, whether a static image or a video, blended with concise copy and hashtags. The latter, also an integral part of Twitter, categorizes your product aptly online, making you significantly more visible. Twitter, originally focused on succinct copy, now also highlights the efficacy of drawing attention via an image. They evoke feelings and oftentimes inspire. They can stop the viewer in their tracks within a split second, which is much harder for copy to do, which requires more of the users time, something which is in limited supply

Essential homework is done, the list of social media channels that will appear on your menu will include Twitter, TikTok, and Instagram. Avoid distracting yourself from that which you are responsible for within the business unless circumstances allow. Otherwise, contract with one of the many digital marketing experts who will hold your hand on this vital journey. 

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Your brand needs to be on Twitter, here is why

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Most of us are familiar with doing business physically through stores, but with the introduction of the internet, there are new ways that businesses can showcase and sell their products or services. One of the most used avenues for that is social media which comes with many alternatives depending on the target market you are looking for. While some cater to specific age groups, others cater to multiple age groups. There’s a platform for everyone and more are still coming onto the scene.

Some popular social media platforms include Facebook, Instagram, TikTok, and Twitter. Our focus is on Twitter which is a text-based platform that allows sharing of information in real-time. Many brands are leveraging the power of Twitter to increase their brand awareness that potentially could result in sales. This can only happen by drawing in more followers either by yourself or using growth services. It is very easy to buy real Twitter followers via a growth service like Twesocial, and the choice is dependent on your budget and capacity. Some of the reasons why Twitter should be on your social media platform list will be shared in this article.

Talk to Consumers

Twitter is an interactive platform. Besides sharing content about your brand, you get to interact through their different engagement features such as retweets, likes, and comments. This creates a voice behind your brand that allows users to connect. Users want to associate with brands that sound human which means they speak and respond to their queries. Due to its real-time sharing features, you also get to share as much as you can with users that helps them get to know what your brand is all about and what value it can add to them.

Drive Traffic

There are options in your profile to add different things including a bio, profile picture, and link to your website. If your bio is attractive, customers may be drawn to investigate more through your website which you should include in the profile. This means it will drive traffic toward your site. Additionally, you may add a link in responses to questions asked by users on Twitter that can direct them to sections of your site that answer their questions. This gives your website more visibility and allows users to get much more information than they may be able to find on your Twitter page.

Research Your Sector

Fortunately, Twitter has so many other businesses that may be in your niche. To understand how your niche works, you may consider doing research through Twitter on the competition to help you understand the ins and outs and guide you on what works best both on and off social media. You do not have to learn it all on your own if you can leverage social media. You can learn some marketing tactics like hosting promotions, events, using hashtags, and using videos in your tweets to boost engagement. There is a lot of benefit to using Twitter to research the best ways to market your business and stand out from the competition.

Convenience

You do not need to carry a whole marketing team with you to tweet. Since Twitter is available on mobile devices, you can take it anywhere you go including your trips, and still be able to post and engage with your customers at any time. This means you can respond to customer queries anytime and anywhere. This makes a brand more available to customers which can help it stand out in a time where people want immediate responses to their queries. Additionally, it is also free to join Twitter which makes it very affordable for any business especially those starting.

Conclusion

Twitter is a great platform once you learn how you can use it best to create awareness about your brand. It offers many features that if used right, can push your business to the next level. Since information is regularly changing on the platform, you can constantly update posts to get more engagement depending on your niche. The value you get includes convenience, a research resource, increasing website traffic, and engaging consumers.

If you want an affordable means to get the word out and interact with customers regularly, you should consider Twitter and all its features. Used correctly, the sky’s the limit for your business.

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Instagram: Why It Is the Best Social Media Platform for Marketing

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Were it not for social media platforms, most small business startups might not get out of the starting blocks. Traditional marketing methods bear a hefty price tag, involve quite a bit of human capital, and takes a lot of time and planning. Technology has enabled the birth of an entirely new era of marketing, a true gift to any brand seeking to grow and ensure healthy business outcomes. Not only saving you time and money, marketing via these networking platforms means that you communicate with customers, and crucially, they can instantly provide feedback to you, whether in the form of thanks, offering recommendations, or making inquiries. 

Instagram is unequivocally a leader in this field and has been for some time. Over one billion people use Instagram each month, for an average of 30 minutes each day. In addition, 81% of this enormous group research products and services with half of them visiting retail websites. Therefore, it won’t surprise you that more than 200 million businesses have opened an Instagram account and if you haven’t, here are more reasons why you really should.

 
• A Large Audience

Instagram is primarily used by millennials but has been growing in popularity among other generations as well. If your target audience falls into these age brackets then you should have no problem utilizing Instagram to gain more followers and increase brand awareness. However, not every business targets millennials, so if you feel like your business could use more Instagram followers, you could use the services of a marketing agency specializing in growth such as Growthoid. It will surely result in getting more customers fast.
It is worth reminding you that on Instagram, you have access to 1 billion people, around the globe. Add to this the opportunity to service customers outside of your hometown, thanks to the extensive shipping industry and the ability to meet with your customer online, it is truly realistic for many brands now, to cast their net much wider than ever before. Now, you are fishing in the ocean and no longer limited to a small local pond. This should be a thrilling realization.

• Visual Marketing
Instagram’s service encourages a focus on visuals because they elicit feelings that inspire and motivate. An image can most often be interpreted faster than it would take to read a lengthy piece of copy explaining the same. Increasingly, what you want to share must be done so in consideration of people’s busy lives and their limited time. Whether a video or an image or set of images, as a collective, they should adequately represent your set of foundational principles regarding brand uniformity. Regular, diverse, and captivating posts planned via a content calendar will keep the attention of your audience. Stiff business formalities aren’t applicable.

• Many Ways to Engage
Engaging will naturally start on your Instagram account, but gold is there for the taking outside of your home base. Follow a broad range of people. Include existing customers, new followers, industry leaders, competitors, influencers. Watch, learn, and essentially, engage on their accounts too. Like posts that resonate with your business, comment where you want to draw attention to your brand and entice readers to your profile. What these people and organizations do and say will very likely inform some of your future decisions. 

• Ads
Future customers can be very effectively accessed by creating and placing ads on Instagram. Their methodology is precise and the insights which result are credible and can inform your actions. Promote is one of the related services which allows you to turn one of your posts into an ad, with the tap of a button. For more advanced campaigns, which can be carried across multiple platforms, Ads Manager should be your destination of choice. Here, thoughtful formats have been organized for your use and selection will depend on your objectives, which might include more profile visits, website views, or messages. It is insufficient to merely have an Instagram profile. Sincere marketing goals actioned well will ensure that you make your presence felt, frequently, and positively. Be professional but also transparent, in sharing not only information on what problems your product or service solves but perhaps also some of whom work behind the scenes to support these efforts. Followers will relish celebrating your successes with you and will equally reward your thorough communication efforts with great ideas.

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