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Digg it UP - The Pending Revolution In E-Commerce - The E-Currency Side Of The Business
Of course, what we require to create a better living is to make money. There are a lot of things you can plunge into along the digital highway. When you are online, there are a glut of ways to get your pockets full of money, but of course, you want to do it the way it's meant to be. They all say it's hard, we understand that so here are a few pointers to keep you on track in making money, particularly in eBay.What are the basics of selling on eBay and what does it mean to "run your business like a business?" Let's grab a look:Set up and structure your business like a professional business because it is. If you take shortcuts and try to operate on the cheap, you will on not be taken seriously. The internet is still a scary scene for a lot of folks. Take the time to brand your work. Produce a look and feel that your clients can relate to and one that creates a sense of trust.Invest in Automation early. Whether you use an online set-up such as Vendio, Mpire or eBay's Selling Manager or offline software such as those made by Blackthorne, Marketblas
At the bank-governmental level, there is also the concern of protecting against money laundering and the funding of terrorism. Once money is converted to its digital counterpart, it can be used anywhere, for virtually any purpose. Considering all of the hassles, why would a vendor like Taiwan Guy want to accept e-currency payments? For one thing, he might not be eligible to accept credit card payments and/or his prospective clients might not have a credit card. Sure, acce
©2004 Jeffrey DobkinIf you’re in direct marketing, you’re continually looking for new list sources — everybody’s tired of mailing to the same lists. If you’re not in direct marketing and thinking about putting a mailing together, here’s something a little different: take a look at marketing through associations.Why would anyone ever market to associations? They’re great targets: try sending a press release to an association’s publication - whether it’s a newsletter or a magazine. Why, you can alert an entire industry of your products or services with one or two well-placed news releases.Since the magazines and newsletters of associations are not the mainstream prospecting tools of most marketers who market through more traditional channels association publications receive just a fraction of the press releases and promotional articles that go to major publishers. Yet the comprehensive lists of over 23,000 associations go astonishingly deep in most major and minor markets. In addition, association publications are usual
There is another method of buying and selling online which is surprisingly common, and this second method is likely to become increasingly common in the times to come. In this second method you execute a purchase an order through a 'digital' currency rather than a credit card.
The E-Currency Payment Process
Let's suppose some guy in Taiwan is selling table sets over the Internet and a woman in Montreal decides she wants one of his tables. The Montreal woman's first task is to convert her dollars into a 'digital' currency.
She therefore must first contact a 'Market Maker'.
The Market Maker's role is take Montreal Lady's credit card, money order or bank account information, verify that she is making a legitimate transfer, then take those funds and convert them to a “digital” currency.
Once this is done, the Market Maker looks to transfer these digital funds over to an 'e-currency' company. In order to make the transfer however, Montreal Lady must open up an account with the 'e-currency' company (for which there never seems to be a charge).
When the funds are transferred to Montreal Lady's e-currency account, she then transfers the digital currency over to the account of our friend in Taiwan. In other words, Taiwan Guy must have an account set up with the same e-currency company in which Montreal Lady has established her account.
The money has now changed hands, and Taiwan Guy can either leave it in his e-currency account or forward it somewhere else, usually to his bank account. The money is his.
Sounds a lot harder than just paying with the plastic, doesn't it?
It is.
And yes, it's more time consuming. In the US, for example, simply getting your money out of the bank and over to the Market Maker can take days.
The reason why paying through this method takes time is primarily about security. In order to complete the conversion process, the Market Maker must know that Montreal Lady's funds are legitimate, and they must know this because the e-currency company must be 100% assured that their digital currency accounts are truly funded by real money (no grace periods where they extend the benefit of the doubt until the clerical dust settles).
At the bank-governmental level, there is also the concern of protecting against money laundering and the funding of terrorism. Once money is converted to its digital counterpart, it can be used anywhere, for virtually any purpose. Considering all of the hassles, why would a vendor like Taiwan Guy want to accept e-currency payments? For one thing, he might not be eligible to accept credit card payments and/or his prospective clients might not have a credit card. Sure, accep
There’s more to your marketing campaign than ordering a few hundred giveaway items, and the best business gifts companies recognize that. When you’re looking for a good business gift company with whom to do business, consider their expertise and experience in the field before making a decision.Promotional items offered by business gift companies offer many benefits for your company. A good supplier can help you reap the full benefits of your marketing efforts in many ways. A knowledgeable professional can offer advice on colors, designs and products, as well as warning you against mistakes and pitfalls to avoid. Among the services and benefits you can expect when you deal with reputable business gifts companies are:Expert Advice on Product Choice An experienced account manager can help guide you in your choice of promotional items. If you’re not sure whether to use key rings or rulers as a promotional giveaway for your business, your account manager may have stories to share and advice to offer to help you make a choice. You can also count on an
She therefore must first contact a 'Market Maker'.
The Market Maker's role is take Montreal Lady's credit card, money order or bank account information, verify that she is making a legitimate transfer, then take those funds and convert them to a “digital” currency.
Once this is done, the Market Maker looks to transfer these digital funds over to an 'e-currency' company. In order to make the transfer however, Montreal Lady must open up an account with the 'e-currency' company (for which there never seems to be a charge).
When the funds are transferred to Montreal Lady's e-currency account, she then transfers the digital currency over to the account of our friend in Taiwan. In other words, Taiwan Guy must have an account set up with the same e-currency company in which Montreal Lady has established her account.
The money has now changed hands, and Taiwan Guy can either leave it in his e-currency account or forward it somewhere else, usually to his bank account. The money is his.
Sounds a lot harder than just paying with the plastic, doesn't it?
It is.
And yes, it's more time consuming. In the US, for example, simply getting your money out of the bank and over to the Market Maker can take days.
The reason why paying through this method takes time is primarily about security. In order to complete the conversion process, the Market Maker must know that Montreal Lady's funds are legitimate, and they must know this because the e-currency company must be 100% assured that their digital currency accounts are truly funded by real money (no grace periods where they extend the benefit of the doubt until the clerical dust settles).
At the bank-governmental level, there is also the concern of protecting against money laundering and the funding of terrorism. Once money is converted to its digital counterpart, it can be used anywhere, for virtually any purpose. Considering all of the hassles, why would a vendor like Taiwan Guy want to accept e-currency payments? For one thing, he might not be eligible to accept credit card payments and/or his prospective clients might not have a credit card. Sure, acce
A friend put the story of his life as a professional magician, film promoter and entrepreneur on paper. It took ten years, two electric typewriters and probably a gallon of correction fluid. He was shocked when he found the cost he faced if he had his book published. There were added problems because he wanted 40 photographs in the book and didn't want to send it overseas where it could be published more cheaply.Things turned around when I suggested that we publish it as an ebook, a computer file that can be read on most computers. It took weeks to scan the heap of creased pages into my computer and correct the errors caused by his liberal use of the correction fluid. But we soon had the ebook in place on my Internet site, ready for customers.This was all new to me too.I sent review copies on CD Rom to magazines and some of his friends in the United States of America and England, but I sent the photos that some magazines wanted over the Internet.The final parts of his research took only days thanks to email. The 40 photos were also scann
When the funds are transferred to Montreal Lady's e-currency account, she then transfers the digital currency over to the account of our friend in Taiwan. In other words, Taiwan Guy must have an account set up with the same e-currency company in which Montreal Lady has established her account.
The money has now changed hands, and Taiwan Guy can either leave it in his e-currency account or forward it somewhere else, usually to his bank account. The money is his.
Sounds a lot harder than just paying with the plastic, doesn't it?
It is.
And yes, it's more time consuming. In the US, for example, simply getting your money out of the bank and over to the Market Maker can take days.
The reason why paying through this method takes time is primarily about security. In order to complete the conversion process, the Market Maker must know that Montreal Lady's funds are legitimate, and they must know this because the e-currency company must be 100% assured that their digital currency accounts are truly funded by real money (no grace periods where they extend the benefit of the doubt until the clerical dust settles).
At the bank-governmental level, there is also the concern of protecting against money laundering and the funding of terrorism. Once money is converted to its digital counterpart, it can be used anywhere, for virtually any purpose. Considering all of the hassles, why would a vendor like Taiwan Guy want to accept e-currency payments? For one thing, he might not be eligible to accept credit card payments and/or his prospective clients might not have a credit card. Sure, acce
You see them on the internet everywhere. They try to flood your mailbox with advertisements. Their banners are flashing everywhere you look. They are the source of all those text ads you see. They are the people who make money from the internet; the people that run their own online home business. One can only wonder what goes through the heads of these characters.These people are often haunted by the memories of working in the corporate world. In their past they probably struggled to provide a living for themselves and their families. They worked long, hard hours, trying to make ends meet. Then finally at one point they had no choice but to turn to the internet to find a way to make a living. Maybe they lost their job. Maybe there was a nasty family problem. Or perhaps their job was not enough to pull them out of debt. In any case, the important thing is that they were forced to venture into the world of online business.Once one braves the journey of owning an online business, there is often no turning back. It is simply not economical to
It is.
And yes, it's more time consuming. In the US, for example, simply getting your money out of the bank and over to the Market Maker can take days.
The reason why paying through this method takes time is primarily about security. In order to complete the conversion process, the Market Maker must know that Montreal Lady's funds are legitimate, and they must know this because the e-currency company must be 100% assured that their digital currency accounts are truly funded by real money (no grace periods where they extend the benefit of the doubt until the clerical dust settles).
At the bank-governmental level, there is also the concern of protecting against money laundering and the funding of terrorism. Once money is converted to its digital counterpart, it can be used anywhere, for virtually any purpose. Considering all of the hassles, why would a vendor like Taiwan Guy want to accept e-currency payments? For one thing, he might not be eligible to accept credit card payments and/or his prospective clients might not have a credit card. Sure, acce
In theory, the concept of mobile payments has a strong business case, given the high market penetration rates of mobile devices, such as cellular phones and PDA?s, in many parts of the world. In addition, mobile operators and financial institutions, through the use of these devices, envision an attractive way to enable their customers to make payments. On the consumer side, users can reap the benefits of convenience, permitting them to buy goods and services from any location.In principle, a mobile device can be used as a POS (point of sale) tool. Mobile operators and financial institutions consider this concept as the next logical step in making mobile devices a trusted payment device for consumers, acting as a payment instrument supplementing cash, cheque, credit card and debit card. Currently, financial institutions are rolling out wireless POS capabilities to merchants which are in-turn competing with a consumer?s mobile phone. Several new services have been introduced around the world in which merchants are accepting payments from
At the bank-governmental level, there is also the concern of protecting against money laundering and the funding of terrorism. Once money is converted to its digital counterpart, it can be used anywhere, for virtually any purpose. Considering all of the hassles, why would a vendor like Taiwan Guy want to accept e-currency payments? For one thing, he might not be eligible to accept credit card payments and/or his prospective clients might not have a credit card. Sure, accepting checks from the other side of the planet would work, but many prospects would rather put up with paying via e-currency as the preferred alternative. But let us suppose that Taiwan Guy is not a nice person. Once Montreal Lady's money is in his e-currency account, he just keeps it rather than send off the table set, as promised.
In this situation Montreal Lady has no recourse. Typically, an e-currency company will not intervene in this situation, that is, once a client transfers her money over to another account holder within that same company, the transfer is deemed final.
Fortunately, some e-currency companies offer 'escrow' protection, whereby the transfer doesn't take place until Montreal Lady has received her goods as promised. But what if Montreal Lady turns out to be the bad guy, taking Taiwan Guy's table without ever acknowledging receipt?
DxInOne : The E-Currency Solution?
Fortunately, a player is emerging in the e-currency market who seeks to remove all of these inconveniences. That player is known as DxInOne and it seeks to establish itself as a digital currency provider as well as an escrow agent and a broker for e-currency companies of good repute.
The DxInOne business model relies on the funding of its members to provide faster transaction processing. DxInOne "Merchants" enter the process by setting in place a certain amount of digital funds which represent the financial backing that e-currency companies require. Montreal Lady's money is then sent to such a Merchant-member who passes on on her funds to another DxInOne member, Taiwan Guy in our example.
In the DxInOne model, the transaction is much quicker in theory because the funding is already in place. Montreal Lady must simply wait for as long as it takes the Merchant to get notification of the pending order, then pass it on to Taiwan Guy. Thankfully, DxInOne has a system in place which rewards those Merchants who do this quickly - for which they receive a handsome commission - while punishing those Merchants who move too slowly.
For escrow protection DxInOne is very proactive. Should Montreal Lady or Taiwan Guy turn out to be a villian, they impose the transaction. Likewise, our "villians" stand to lose their membership in DxIn
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