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According to a report announced by Information week that government of China has banned all types of trading related to Gold in China. The main purpose of this ban is to prevent illegal uses of virtual money to purchase of virtual items made of gold.
The ministry of China has said that virtual money which is been converted into legal money at a constant exchange rate, will allowed only to deal in virtual goods
and services provided by its members, not in real goods and services. That means totally market of gold farming is illegal in China. China has the world’s largest number of Internet users, with 298 million people online in the year of 2008. According to a survey held by the University of Manchester’s Richard Heeks in 2008 that 80 to 85 percents of gold farmers are based in China.
Under the new circumstances, Public Security Authorities will be banned the virtual money to use in gambling. Ministry of Culture is also looking to step up supervision on money launders through virtual credits and any other illegal activities on net.
World bank raised its forecast for China's economic growth rate from 6.5 % to 7.2 % in the year of 2009 and suggested policy developers to delay any more impulse plan to boost the world's third largest economy.
World Bank said Thursday in is largest quarterly that good government investment is the major key in the growth of China's economy but the private investment is likely to regular to leg. China's economy is continuously growing, it will expend 7.2% in 2009 from a year before, up from 6.5 % forecast in March.
Economists of world now estimating that increment of China's Economy is due to Government spending. China's government spent a lot of money into railways, public housing and social welfare programs. World bank warned that the risk of extra cash and money was being invested into incapable private and government industries and programs at the expense of the private sector.
Louis Kuijs, the World Bank economist said ,” Government investment has soared while at the same time market-based investment – where decisions are based on profit, sales and margins – has lagged behind substantially and will continue to lag because prospects for China's exports remain weak.”
"Economic growth of China is unlikely to rebound to a high single digit pace before the world economy recovers to solid growth," the bank said.
The B2B social networking website, BT Tradespace [Provided by British Telecommunication] has declared 400 % growth rate over its first 2 years in operations and try to increase its growth by signing up its 350,000 member.
In a review of site www.bttradespace.com found that on an average 
500 members have been joining this community each day since the launching of this site. In the last two years, near about 3,000 communities have been introduced by this social site. BT Tradespace was introduced for helping SMEs promote themselves, communicate with other business and grow. Directory of SME products or services is quite popular among the users. This website is dynamic on line community of sales and marketing and the most popular community of a group of people which run home based businesses. Anyone can join BT Tradespace, it is free and easy to join, it is very safe and secure b2b trading platform where consumers can buy and sell their goods.
Ivan Croxford, General Manager, BT Tradespace said ," These figures show that companies are now realising that they must embrace the opportunities offered by the web if they are to prosper in the digital age, The internet opens up a global marketplace for SMEs, helping them to compete and prosper in times of mounting economic difficulty.”
According to Communications company's research tell that three-quarters of smaller companies look the web as a strategic and trendy business tool and approx. 45 % make a quarter of their sales on web.
Some years past a professional marketing exective knew that how can he increase their business by optimizing their time by reading their prospectus. Sales executive's success key was to optimize their time when it needed most. But as the time past, things started to getting changed. Now buyers search and purchase their needs from internet, preventing the sales representative to come their doors. So now, sales executive have modified theirselves. They are spending their time on net and trying to understand what are the factors which attract the buyers most.
Now, Sales is getting back some of the control, with the amplification of social selling. Social Selling can be referred as the use of web 2.0 technologies mixed with our traditional market strategies. But there are some misconception about the use of Social Selling.
Misconception of Social Selling :
- Sales is notified when leads visit your site.
- Sales can view a list of all of their leads in their CRM.
- Sales can see all the companies that visit your website.
- Sales must go to multiple websites to find contact information.
- Sales must learn to go through all their lead’s web activity and email activity to identify the best leads and to figure out when to make contact.
- Sales must spend hours looking through information in multiple systems to understand what is going on with a prospect.
- Email templates are kept in the CRM.
True Social Selling :
- Sales is notified when a qualified lead does something interesting on your website.
- Sales can sort their leads in their CRM by priority, allowing them to contact leads when they need the most attention.
- Sales can see the companies in their territory that visit your website, and can access and import key contacts at those organizations into their CRM.
- Sales can access Jigsaw, Demandbase, & LinkedIn directly through the tools they are already using.
- Sales is alerted when leads participate in interesting activities that indicate they are a hot prospect.
- Sales can use RSS to send all the different types of prospect information into one system, saving them time and effort.
- Email templates are accessed in Outlook.
Although sales can not go back to older days, but with social selling sales executive are able to go back to optimize their time. This way they can focus on the qualified leads that would be biggest sales intially in the buying process.
Recession hit the b2b market. Due to recession the market of business to business media is continuously decreasing. According to t
he report of American Business Media’s Business Information Network the revenue of b2b media declines up to 21.2 % in the month of january 2009 in the respect of january 2008. Even b2b magazine ad pages revenue fall upto 27 % in the january 2009. The category of health care is effected most due to recession. Its ad pages fell upto 39.66%. while aerospace and military category performed best with falling of 8%. Instead the falling of revenue according to this report, ABM tells that there was some greater stability in some categories where fell of revenue is less than 5%.
Most of the publishers report that january, which is the first month of 2009 were basically tough on sales as many clients were trying to maintain therir budgets due to recession and buying goods for a very shorter terms.
Some publishers expect to seeing greater stability as they move into the second quarter, and the business holders are thinking strategically to maintain the market through the economic fall down. While there are no larger no. of reports that ensure that print ad revenue and b2b media revenue for March and April will show more stability of trending for the rest of the year.
