Smart Meters are the future for your home electricity

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Smart meters are a clever new technology, that can help to improve the way your energy usage is monitored and recorded, but many people know very little about this new bit of tech.

Smart Meters

Smart meters are a technology that are transforming our understanding of energy, and how we use it. What they allow you to do is to work out how much energy you are using, and on what, much better than ever before.

Smart meters measure gas and electricity usage in your home, by replacing your old electricity and gas meter, with an all new one.

For more information, watch this useful British Gas video about smart meters 🙂

The Benefits

This new energy meter allows you to see much easier how much electricity you are using, due to their handy in-home display, which puts you in control  of your energy.

Thanks to smart meters you can see in real time how much energy you are using. You can check this on its user friendly energy monitor, either online or through our smartphone app. So if you have your kettle and TV on and you are using 1KW, then you know what those appliances use.

According to British Gas this gives you the potential to reduce your bills by around a fantastic 10%!  This is because thanks to smart meters, you can see what energy you are using, and therefore can start to make small changes to use less and save money on your bills.

Another handy thing about smart meters is that they report wireless, so there is no longer a need (or the hassle!) for you or an engineer to take readings. Furthermore, the readings sent will now be 100% accurate, for total piece of mind.

Installation

In the UK British Gas are aiming to provide smart meters in all homes in the near future – meaning that everyone can benefit from this new technology.

British Gas's Corporate LogoThey are starting the roll out now, with 120,000 homes in the UK already having a smart meter. This will grow to around 1.5million by the end of 2012.

Because they are so useful, the UK government has mandated that all households will need to have smart meters installed by 2019.

British Gas have already started to introduce smart meters to homes across the UK, in order to make sure that we are ready in time for 2019.

When your home is ready for an upgrade, British Gas will contact you and their highly trained Smart Energy Experts will change your meters, and explain how to use your energy display and save on your bills.

Head over to British Gas’s website and Facebook page to find out more about smart meters and how you can get yours installed!

What do you think about the new meters which could save you money? Do you have any questions on anything I haven’t covered about smart meters?

Business networking in the 21st century

Business networking in the 21st century remains a critical component of building and maintaining contacts with like-minded entrepreneurs and existing and potential clients.

Business Networking in the 21st Century

Networking in today's world can be a very different prospect to yester year. Technology has created a whole host of new platforms with which businesses can network effectively.

The internet and social media has made it easier than ever to communicate with people from relevant organisations and networks and share knowledge, attract new clients and recruit new employees.

The combination of new social media tricks of the trade with the traditional means of liaising with useful resources and forging new working relationships means business networking is multi-faceted in the 21st century.

Make use of LinkedIn

LinkedIn is arguably the largest business-related social networking site on the internet and consequently is a great platform to build and manage your professional identity. LinkedIn has over 10,000 groups that you can join and participate in discussions and debates whilst connecting with corporate blogs in an effort to engage with your professional network.

Shout about your expertise

Don’t be afraid to display your expertise to potential clients and fellow professionals. Use social media accounts on Twitter and Facebook to build a virtual contacts book and offer regular snippets of advice that add value to your followers’ day-to-day working lives. If you’ve got something more in-depth to say why not consider writing a personal blog that can be a great way of building contacts and trust in an informal manner.

Encourage word of mouth

One of the main benefits of social media networks is that they encourage effective word of mouth marketing for products and services. If the response is positive and it goes viral it can be a major coup for emerging businesses. Similarly, it can be a very damaging experience if businesses receive negative feedback. However, in the main it is great for brand exposure and for building trust with potential clientèle.

Show your face at events

In order to become a familiar figure to like-minded entrepreneurs and potential connections it is important to engage with local business networking organisations and show your face at as many events as possible.

Death of the business card? No way!

Although you could be forgiven for thinking business cards may be somewhat defunct in their purpose with the accessibility of the internet and social media, it is still a very successful tool for attracting leads and referrals in the 21st century. A business card still makes that all-important first impression of your business to potential customers and subsequently it should be eye-catching and memorable, whilst being a treasure trove of contact information without being mundane.

Be selective with new contacts

It is highly likely you will meet a multitude of names and faces when business networking in the 21st century. However, the likelihood of staying in contact with all your new connections is very slim. Consequently you should aim to be selective with the contacts you touch base with on a regular basis – ideally entrepreneurs and businesses that can offer you something extra.

Business networking remains a crucial skill for successful entrepreneurs and effective networking will certainly add an extra dimension to your businesses’ growth potential.

Daily Deal Market Ripe For Consolidation

According to Yipit, there are 384 daily deal websites operating in North America that it knows about. This number is almost certainly far higher once you consider all the smaller sites that are not able to run deals each and every day.

So is the market too saturated? Is the industry doomed to fail because there are too many competitors competing for an ever shrinking supply of customers?

In 1876 Alexander Graham Bell demonstrated the telephone and one of the biggest communications companies of the time immediately dismissed it with the famous quote:

“This ‘telephone’ has too many shortcomings to be seriously considered as a means of communication. The device is inherently of no value to us.”

That company was Western Union and the lack of foresight for this new technology meant they were never able to compete in the profitable telecommunications industry – an industry which they had previously dominated with their telegram service.

Between 1894 and 1904 over six thousand telephone companies went in to business and from there mergers, acquisitions and closures happened to consolidate the industry to just a handful of companies today.

In 1939 there were 132 railroads in America, today that number is just seven as mergers, acquisitions and closures meant huge consolidation in that industry.

An early 1900's American train

The sort of train that powered America in the early 1900’s

In 2005 there were a huge number of social networks available, Myspace, Orkut, Bebo, Friendster and Classmates to name but a few. Today? We have one site, Facebook as the market consolidated.

In 2007 there was just one daily deal website worth mentioning which was Woot, a hugely popular and profitable website that continues to grow and increase its revenues. After the launch of Groupon it spawned off thousands of clones around the world, over 400 of them in American alone.

Since 2009 there have been 72 acquisitions in the daily deal industry, 44 coming in the last 6 months alone. Groupon have gone for an expansion by acquisition business model with at least 8 buys under its belt, Google too is eyeing up the industry with several acquisitions in the daily deal market to expand its Google Offers programme.

There are plenty of other acquisitions too, LivingSocial have bought at least seven daily deal sites and BuyWithMe have purchased 6 daily deal sites before they too have been purchased.

So just like other new inventions and markets spawned hundreds of clones, it might look like the daily deal market is in decline as the number of sites decreases but there is still a very healthy merger and acquisition process taking place as the deal market looks to consolidate and become profitable.