Using social networking sites to increase productivity is a priority for many businesses, large or small, in the UAE.
I recently attended a forum on social media where social-media experts and small-business owners shared information on how networking sites were useful to them in business, including helping to increase their profits by functioning as free advertising platforms.
One of the reasons I attended this forum was to learn about increasing my networking interactions with clients and potential clients.
A big advantage of having your business on social networking sites is that you can interact directly with your clients, maintaining a personal relationship with each.
Sometimes, however, I don't manage to keep my business pages up to date with posts and tweets.
At times, I would be launching a limited-edition line of clothing but would not receive the buzz anticipated. I did not know whether the missing ingredient was posts or tweets that could have been sent at pivotal times of the day.
Luckily, I did not need to be stressed about the matter for long. Neither did I end up hiring a public relations specialist.
One of the speakers at the forum referred to Roost, a relatively new business networking tool that turned out to be the answer to my prayers.
I have heard of dozens of tools for managing your social network accounts, and new ones spring up every day. A few have caught my attention because they can manage several accounts across different networks such as Facebook, Twitter and LinkedIn.
A friend has used a tool called HootSuite, which provides an integrated look at conversations, tweets and posts on your social networking accounts. It also allows easy posting to any of your networking sites and offers you multiple ways to analyse your interactions with network contacts.
SpotOn is similar to HootSuite but has additional features such as reminders, and it helps with setting up your own customer loyalty programme.
But now that I have been introduced to Roost, I can see why one of the speakers at the forum recommended it.
The tool is free, and it resolves a number of challenges facing many small-business owners who aim to use social networking in their commercial activities.
One of the challenges is not knowing what to post, at what times, and to whom to address your posts.
Another challenge is finding the time to manage your social networking, even when you know exactly what you're supposed to do - a difficulty I face constantly.I just do not have enough time to work on my social networking accounts. I have a full-time job and manage many other tasks here and there, and even though I have access to my social accounts via my mobile phone, I still feel swamped.
Roost tackles the problems for me and other business owners in many ways.
Since I have Saturdays to myself, Roost helps me to do an entire week of social media planning and posting in just a few minutes. The tool simply walks me through the process, suggesting what types of posts to make, on what networks, and on which days.
For those who can't decide what to post, Roost suggests what you might say to your clients. And the suggestions are specific to your field of business.
If you own a small cupcake business, Roost might suggest a post about new cupcake flavours. If you are a financial adviser, it might prompt you to give tax or stock advice.
I thought it would not get any better. But after exploring the tool some more, I discovered that Roost continuously updates a library of online articles relevant to my business and suggests that I post links to a few, with comments.
Of course, Roost also suggests a schedule for these posts and can execute them automatically.
However, when I searched for reviews, I came upon many arguments against the tool, which stated that it robotises the relationship between the business and the customer.
But I disagree. I believe that Roost and similar tools help to educate business owners, especially those who are new to employing social networking.
Roost provides a good sense of what sorts of posts work, who should receive them and when those posts should be issued.
For those such as I who do not have assistants helping to spread the word about their businesses, Roost suggests that you put other business owners to work on your behalf.
Sound strange? I thought so too, but it turned out to be a very cool idea. A feature on Roost called "circle", allows you to invite other business owners you know to share some of your tweets or Facebook posts with their followers or contacts.
And you reciprocate.
This is not only a great idea, but it also helps business owners to reach a new audience - a kind of word of mouth.
Roost has made a difference to my business. It pushed me to engage in more conversations, post more questions that got my customers' attention, and saved me a lot of time. Not bad for a tool that is free.
Manar Al Hinai is a fashion designer and writer. She can be followed on Twitter @manar_alhinai
MATCH INFO
Barcelona 5 (Lenglet 2', Vidal 29', Messi 34', 75', Suarez 77')
Valladolid 1 (Kiko 15')
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
Scream%20VI
%3Cp%3E%3Cstrong%3EDirectors%3A%3C%2Fstrong%3E%20Matt%20Bettinelli-Olpin%20and%20Tyler%20Gillett%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Melissa%20Barrera%2C%20Jasmin%20Savoy%20Brown%2C%20Jack%20Champion%2C%20Dermot%20Mulroney%2C%20Jenna%20Ortega%2C%20Hayden%20Panettiere%20and%20Courteney%20Cox%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
The biog
Siblings: five brothers and one sister
Education: Bachelors in Political Science at the University of Minnesota
Interests: Swimming, tennis and the gym
Favourite place: UAE
Favourite packet food on the trip: pasta primavera
What he did to pass the time during the trip: listen to audio books
More from Neighbourhood Watch:
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
The specs: Macan Turbo
Engine: Dual synchronous electric motors
Power: 639hp
Torque: 1,130Nm
Transmission: Single-speed automatic
Touring range: 591km
Price: From Dh412,500
On sale: Deliveries start in October
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
CREW
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ERajesh%20A%20Krishnan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ETabu%2C%20Kareena%20Kapoor%20Khan%2C%20Kriti%20Sanon%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5%2F5%3C%2Fp%3E%0A