Bitcoin Currency Explained

The number one question today is: what are Bitcoins. Put simply, Bitcoins aren’t just an abstract financial instrument, living somewhere out there in the digital ether . They are  a physical currency, with the capability of going for a ride in your pocket, or even scratching off the winning numbers on your lottery tickets.

They are modeled after the method of payment required for conducting transactions on the Silk Road,  which was a series of trade and cultural transmission routes that were central to cultural interaction through regions of the Asian continent connecting the East and West, mostly due to the anonymity the currency provided, since if you can’t prove someone was using Bitcoins acquiring  drugs, or something else illegal, at a well hidden website, and there is no record whatsoever of anyone making such purchases, then you can’t get caught.

So Bitcoins do have an advantage over gold in this regard, because the act of “bitcoin mining” generates a predictable, steady increase in personal supply, whereas the supply of gold grows in stops and starts. Bitcoin creation is then a little like what economist Milton Friedman called the  ” k-percent rule ,” which proposes that a country’s money supply be made to grow automatically, at a steady rate, that minimizes inflation and deflation.

Stay tuned for my next article where I’ll expand on Bitcoins.

Take the home-based MLM opportunity ride- Step 4

Step number 4. Train your downlines regularly.

In every field, learning is always a requirement. Even if you are a teacher, you still need to study and learn.

The thing here is to have a constant training schedule for the downlines. Studies show that a well-instructed downline creates a bigger difference than a downline with stagnant information.

Constant study really pays in the end. Some of the recommended topics are: proper customer treatment, how to communicate effectively, business ethics, and everything that is needed to help them, as well as your home-based MLM business.

If you have already taken into account all the procedures needed to have a successful home-based MLM business opportunity, you are now ready to move towards establishing a new career path.

The formulas are already in your hands.  All that is needed now is to put it into effect. The only thing missing to complete the home-based MLM business opportunity is you. You can have all the fact, theories, and proff you want, but you have nothing if you don’t put it into action

Here’s to your success.

Take the home-based MLM opportunity ride- Step3

Step number 3. Monitor the consumption of products and services.

Check your inventory.  There is no further explanation needed as it is stated clearly enough. This simply means taking stock of all products, and services, the Company has to offer. Learn all that you can about them. Study them to the point where you know everything about them, such as who uses them, how do they use them, and to what volume they use them. This knowledge will not only help you sell them, but will aid you in teaching you downlines how to sell hem also. Remember, always remember, you will make money from their sales too. The more confident they are, the more they sell. The more they sell, the more you make. It is truly that simple.

Thank you for reading this far, check back for the final step.

Take the home-based MLM opportunity ride- Step2

Step number 2. Maintain the minimum sales required.

Home-based MLM business opportunities are so simple yet requires careful analysis of the sales income. You have to be a mathematician on this part to be able to tally your expenses and revenues. You must pay very attention to your costs, for this will decide if your business in profitable or not. It is essential that you commit to, at the very least, the minimum self purchase. Most of these business plans require some mandatory participation on your part. This will allow you to share in the Company’s revenues.

Everyday, independent representatives market the products and services that help make the Company profitable. Keeping track of your costs will help you enjoy some of those profits. So make it a habit to tally the income entering everyday and the expenses leaving every hour.

Thanks for reading this far, check back again for Step 3

Take the home-based MLM opportunity ride

Is it possible to enter into a home-based MLM business opportunity over the Internet?   The “yes” will answer you right in front of your face.  Everything is possible with the participation of the Internet, especially in today’s  modern business transactions.

But,  is a home-based MLM business opportunity feasible and profitable? How can one succeed in this kind of business?

Well, are you ready to take a ride into the four-step procedures toward a successful home-based MLM business?

Here they are:

Step number 1. Recruit First

Why do you have to recruit first instead of doing other things?

Home-based MLM business opportunities are also called Network Marketing and is composed of what are referred to as uplines and downlines.

Uplines, are independent representatives who recruit other independent representatives, which they use in the direct selling of goods and services to customers.  Put simply, the recruiter is the upline.  They get their commission on the sales of the other independent representatives.

On the other hand, the recruited independent representatives are the downlines.  Home-based MLM business opportunity is a commission-based joint effort of uplines and downlines.

That is the main reason why both uplines and downlines must work together.  Without the other, the whole business force will be paralyzed. It will not function.

What does this mean? It means both parties share the same level of importance, or significance to the group. Try to imagine a home-based MLM business opportunity without uplines and downlines?  It does not seem right, does it?

If you do not have recruited independent representatives, or if they are not working effectively, there will be no income, no consumption of products and services, no one to market the products and services and no one will cater the customers.

Thank you for reading this far, check back again for step 2.

How to finance a business

On average, 68 percent of start-up financing comes directly from the pocket of the business owner [source: Consumer Reports]. Even if you don’t have a lot of liquid assets in checking accounts, savings accounts or money market accounts, there are other ways to leverage your assets to finance a new business. The first way is to sell high-price items that you simply don’t need. Auction off grandma’s jewelry and antiques, sell the car and lease a new one or downsize to a smaller home. If you own your home, then consider a home equity loan or a home equity line of credit. Be very careful, though. With a home equity loan, you’ll need to make additional monthly payments on top of your mortgage. And if you fail to make those payments, the bank could take your house. Many people don’t realize that they can borrow money from their 401(k) or IRA savings accounts. With a 401(k), you can usually borrow up to $50,000 of your savings as long as it’s paid back, with interest, in less than five years [source: Smart Money]. With IRAs, you can borrow a chunk of money, interest free, for a period of 60 days. Be warned, though, if you don’t pay back these loans in time, you’ll be charged income tax plus a 10 percent early withdrawal fee. If you have a whole life insurance policy, you can also borrow up to 90 percent of the cash value of your account at a relatively low interest rate.