Without question, 2017 has been the year of bitcoin. Its explosion in popularity has created a global buzz among consumers, traders, and investors. Transaction speed, low fees, value increases, and other factors have persuaded people from around the world to make Bitcoin one of their primary modes of exchange.
As a result, large groups of traders have capitalized upon the boom in bitcoin trading in the spot, CFD, and futures markets. In an environment that is best described as “turbulent,” discipline and dedication are two indispensable prerequisites for success.
Here are five tips for turning the inherent volatility of Bitcoin trading in your favor:
Let’s look at each of these in greater detail.
Bitcoin Trading Tip #1: Become Fluent in Technical Analysis
The nature of Bitcoin makes it an outlier in comparison to other asset classes or currencies. There is no central bank or governing body to influence its valuation. News events can have unpredictable impacts, and other financial instruments exhibit sporadic correlations. In fact, Bitcoin pricing models are largely speculative, ignoring a great deal of traditional financial theory.
Understanding the basics of technical analysis is an absolute must before entering the Bitcoin markets. In many ways, price itself provides the only dependable clues pertaining to Bitcoin’s future value. The lack of relevant market fundamentals places an impetus upon analyzing pricing charts, applying indicators, and reading price action.
Bitcoin Trading Tip #2: Adopt a Sustainable Pace
Trading is a marathon, not a sprint. One of the most important tasks facing Bitcoin market participants is establishing a schedule that is sustainable over the long haul. Putting in extraordinarily long hours on a daily basis leads to burnout and subpar performance.
The market hours for Bitcoin are long:
No one can trade effectively 24/7. The best practice is to adopt a manageable schedule by outlining the optimal times to trade and focus on those periods exclusively.
Bitcoin Trading Tip #3: Stay Aware of News Items
Bitcoin is unique in that typical news items do not have a predictable impact upon the markets. There are no scheduled GDP releases, WASDE or EIA inventory reports to boost participation and skew pricing.
However, unexpected news items are capable of greatly influencing Bitcoin price.
If you’re going to start trading Bitcoin, it’s a good idea to have access to a live news feed and keep an eye on it.
Bitcoin Trading Tip #4: Implement Stop Losses
Consistent volatility is an attribute of Bitcoin markets that is particularly attractive to active traders and investors. Valuations regularly fluctuate between 5 percent and 10 percent daily , creating opportunities for traders with an appetite for risk.
No matter if a trader is engaging the cash, CFD, or Bitcoin futures markets, using stop losses is a must when trading Bitcoin. The wide swings in pricing are certainly ripe for profit, but the potential for catastrophe does exist.
It’s absolutely imperative that you use a stop loss somewhere in the market — the exact placement will vary — to protect any open position.
Bitcoin Trading Tip #5: Use Prudent Leverage
It’s a cliché, but leverage is truly a double-edged sword: It boosts gains but magnifies losses. Too much leverage promotes reckless money management and will lead to blowing out your trading account. Too little can hinder performance because premium trades may not perform up to their capabilities. Ultimately, effectively managing leverage is a balancing act that a Bitcoin trader must conduct.
Bitcoin futures products may help you manage leverage because they place an extra emphasis on proper leveraging. The offerings of the CME Group and Chicago Futures Exchange (CFE) are priced at $25 and $10 per tick, respectively. To say the least, it can be capitally intensive to take multicontract positions.
A simple way to define position sizing is the 3 percent rule. Under its parameters, a maximum of 3 percent of the trading account may be assigned to a single trade. This ensures the proper alignment of risk to reward with respect to position sizing and stop loss location.
Samsung has announced plans to go 100 percent green with renewable energy sources for its offices and factories across the US, Europe and China.
In its home base of Korea, the company is also preparing to change its Digital City headquarters by installing 42,000 square metres worth of solar panels.
As reported by CNet, there are further plans to use solar arrays to generate geothermal power at both Hwaseong and Pyeongtaek campuses by 2020.
Samsung’s executive vice president Won Kyong Kim said the move shows the company’s ambitions to protect the planet.
He said: “As demonstrated by our expanded commitment, we are focused on protecting our planet and are doing our part as a global environmental steward.”
Meanwhile, the company will also approach its supply chain partners, with the goal of teaming up with the top 100 firms to help with setting and achieving its own renewable energy targets.
Furthermore, Samsung will aim to join the Carbon Disclosure Project Supply Chain Program, which provides support for companies to help them both monitor and manage the impact they are having on the environment.
Bitcoin is still the biggest cryptocurrency, but it is definitely not the only one. After the initial success of Bitcoin, over 1600 cryptocurrencies have been launched into the market.
If Electroneum is one such cryptocurrency that has caught your attention, then you have come to the right place. Electroneum, which was launched in September 2017, is currently one of the top 100 cryptocurrencies.
This guide will answer questions like:
So, by the end of this guide, you will have a good idea about what Electroneum coin is and how it is different from other coins. You will also have learned about various top Electroneum price predictions, including popular 2018 and 2020 forecasts.
While cryptocurrency is an extremely unpredictable market, the aim of this guide is to provide as much information as possible. It is always recommended to consult a financial expert before making an investment in cryptocurrencies.
Understanding the basics of any cryptocurrency is very important if you are planning to invest in it. So, let’s first learn a little bit about Electroneum (ETN) itself before getting into ETN price predictions.
If you feel you’re already familiar enough with Electroneum, feel free to skip to the Electroneum Investment History section.
What is Electroneum (ETN)?
Electroneum, like other cryptocurrencies, is a digital currency built using the blockchain technology. So, what is so special about it? What makes it different?
On its website, it says that it is “The Mobile Cryptocurrency”, which has been designed for mass adoption. It aims to make it happen by making it extremely simple for smartphone users (of which there are 2.2 billion) acquire Electroneum.
Today, transacting in cryptocurrencies is a complex process which makes it difficult for non-experts to join the cryptocurrency market. Electroneum is trying to change that by making it as easy as downloading an app.
Once you download the Electroneum app, you are all set to acquire Electroneum. While most of the coins require specialized powerful equipment to mine them, Electroneum can simply be mined using the app.
The Electroneum app also has a built-in wallet to store the Electroneum coins that are mined from the user’s phone. So, Electroneum can not only be managed but also mined from a mobile app.
Apart from being very user-friendly and easy to mine, there are few other significant differences between Electroneum and Bitcoin. Let’s have a quick look at them.
The maximum number of Bitcoins that can exist is 21 million, whereas the maximum number of Electroneum coins can be 21 billion.
Following the footsteps of Monero coin, Electroneum also provides privacy features.
In case of Bitcoin transactions, everyone can see who the sender and the receiver are. Also, the transactions can be traced back to origin. But, all the transactions are completely private and untraceable in the case of Electroneum.
Electroneum focuses more on speeding up the micro transactions, like purchasing mobile games, making payments for apps, and sending money to friends.
As mentioned earlier, Electroneum has its own app, wallet and mobile miner. All of which Bitcoin lacks.
Now that you have a clear understanding of what Electroneum is all about, let’s get to its past performance. Knowledge of historical price trends will be helpful in making an Electroneum price prediction.
Electroneum Investment History
The Electroneum ICO, which launched on 14th September 2017, closed early because of reaching the hard cap of $40 million. Electroneum has a market capitalization of $ 0.141 billion and is branded the first ever British cryptocurrency.
While they had a very successful ICO, they faced a major hiccup soon after. Many Electroneum user accounts got hacked, which led to a sudden price drop at the beginning of November 2017. As you can see in the chat below, Electroneum price dropped from $0.23 to $0.06.
The prices of Electroneum did revive after the issues were fixed and investors saw the potential of this mobile-friendly cryptocurrency. It grew from $0.06 in November 2017 back up to $0.22 in January 2018, recording a growth of 122% in less than 3 months.
You can see the historical price trend of Electroneum in the chart from coinmarketcap below. Like most other cryptocurrencies, its prices have declined since January 2018 and it is currently trading at $0.0212.
Electroneum has performed rather averagely the past compared with other cryptocurrencies. In fact, there are a large number of cryptocurrencies that have paid their investors much better returns than Electroneum has. That said, it has been able to generate interest from investors because of its unique features like mobile mining.
Now that we know about the investment history of Electroneum, let’s take a look at an Electroneum price prediction or two.
Electroneum price prediction 2018
Here, we’ll see a couple of Electroneum price predictions for this year.
Electroneum price prediction 2018 by John McAfee
If you have been following the cryptocurrency market, you will already know the impact John McAfee can have on the prices. He is one of the most well-known influencers in the cryptocurrency market.
In his highly-positive tweet about Electroneum (see the picture below), he stated that he expects it to do well because of the following reasons:
His prediction may or may not turn out to be true, but it is definitely a good validation for Electroneum.
Electroneum price prediction 2018 using technical analysis
Before looking at the prediction, let me explain what is meant by technical analysis which is a popular method used for price prediction.
Technical analysis uses historical price trends, and trading volume trends, to predict the future. This task is performed by software which applies complex mathematical functions to historical data.
Walletinvestor.com is a website that performs cryptocurrency technical analysis. According to this website, Electroneum is a high-risk one-year investment. Its Electroneum price prediction 2018 is $0.00! A bit harsh, maybe?
Electroneum price prediction 2018 based on factors such as Market Trends and Technology
Based on factors such as technology, current performance and market trends, a website called uslifed.com has made an Electroneum price prediction. According to this ETN price prediction, Electroneum will be around $0.44 in December 2018.
They are basing their Electroneum predictions on the fact that it has a huge following of supporters and is very easy to use.
Now that we have an idea about the Electroneum predictions for this year, let’s try to understand the long-term future of Electroneum.
Electroneum price prediction 2020
Considering the unregulated nature of cryptocurrencies (at present), it is quite difficult to predict their long-term future. However, I will try to share as much information with you as possible.
Following are the top Electroneum price prediction for the year 2020.
Electroneum Price Prediction 2020 based on technical analysis
Coinliker.com is a website that performs technical analysis and gives long-term price predictions. While it does not give an Electroneum prediction 2020, it does give a prediction of $2.44 for 2023. Based on this, Electroneum would seem to be on track in 2020, and a $200 investment may be worth over $23,000 by 2023.
Electroneum price prediction 2020 based on factors such as Market Trends and Technology
Similar to the Electroneum price prediction 2018, uslifed.com also provides Electroneum predictions for 2020. It predicts Electroneum prices to be around $0.812 at the beginning of 2020 and $1.10 by December 2020.
This means a growth of over 500% from today, thus making it a good long-term investment.
So, that’s the Electroneum price prediction for the year 2020, as shown by two different sources. It seems like a good investment option, but as I have said earlier, it is very difficult to predict the prices of any cryptocurrency in the long run.
In fact, it’s very difficult to predict them in the short-term also — I should make that clear. Nobody can see into the future, although we probably all wish we could.
So, is Electroneum a good investment option?
As you have seen, the predictions are divided over the future of Electroneum. It is important to consider these predictions while making decisions, but it is also important to look at the fundamentals of the coin.
Following are some of the reasons Electroneum might be a good investment.
Competent team with defined goals
One of the most important factors that decides the future of any cryptocurrency is the team behind it. Electroneum has an experienced and dedicated team running the show. CEO, Richard Ells, has experience in building successful tech businesses. The most recent one being Retortal Ltd, which is valued at over $50 million.
So far, the team has been quick in developing new features and fixing any issues. They have also kept their investors informed about their goals and how they are going to achieve them, unlike many other cryptocurrency projects.
Huge community of supporters
Because of its appeal to non-technical users, it has received a massive support at the grass-root level. People are hoping that Electroneum might be the coin which will lead to mass adoption of cryptocurrencies due to its mobile-friendliness.
There were about 765,000 ETN live users in January 2018 and they are adding more every day.
These are some of the reasons which may make Electroneum a good investment. They may be able to generate interest from investors as they appear to be moving in the right direction.
However, there are a few things which you should watch out for in case of Electroneum. Following are some of the things which may block the growth of Electroneum.
Or is Electroneum a bad investment option?
2017 was a highly successful year for cryptocurrencies. Top cryptocurrencies like Litecoin, Monero, Ethereum gave a return in the range of 5,000% to 10,000%. That’s massive, right?
However, Electroneum has not shown similar levels of performance. Investors who look at the past performance as a measure of success may not be interested in investing in Electroneum.
To succeed, Electroneum aims to tap into mobile users by providing user-friendly mobile mining. It is easier said than done, and they have been facing technical issues since March 2018 as issues have arisen.
Unless they can fix the issues, the future of Electroneum’s product looks shaky.
Listing on Exchanges
They have made some progress on this front but Electroneum is still not listed on any of the major exchanges like Binance, Bittrex and Poloniex. For some investors, this is frustrating because they view it as a lack of credibility. For others, it provides issues regarding liquidity.
Weighing up the pros and cons of any cryptocurrency is a very important part of investment strategy.
In my opinion, you should wait to see how well their mobile miner is performing before making an investment call. Once it is clear that they are technically equipped to fix the issues, you can consult a financial advisor to plan your investment.
Listing on Exchanges
They have made some progress on this front but Electroneum is still not listed on any of the major exchanges like Binance, Bittrex and Poloniex. For some investors, this is frustrating because they view it as a lack of credibility. For others, it provides issues regarding liquidity.
Weighing up the pros and cons of any cryptocurrency is a very important part of investment strategy.
In my opinion, you should wait to see how well their mobile miner is performing before making an investment call. Once it is clear that they are technically equipped to fix the issues, you can consult a financial advisor to plan your investment.
You now know what Electroneum is, what its USPs are, what its faults are, and how some big names in the crypto space think it’ll perform over the next few years.
If Electroneum is able to achieve their goals in true sense, then they will be able to capture a big market of over 2.2 billion smart phone users — that’s the bottom line. So, if you like the project, you should follow it closely, along with their developments so that you can invest in it at the right time.
That’s IF you decide it’s a good investment, though, which may depend on factors such as how well they handle the current issues they’re experiencing.
Electroneum price predictions indicate that they may be a good long-term investment but there are mixed forecasts. If things go in its favour then it may touch between $1- $1.50, providing a return of more than 5000% based off the predictions we looked at.
As I have said before, cryptocurrency is highly unpredictable, and it is always a good idea to reach out to a financial consultant before investing.
So, what are you going to do? Is it worth investing in? What’s your Electroneum price prediction? I would love to hear your thoughts!
You have landing here become your searching for how to make money online on google our blog is on top search and ranked well today here your going to to earn $100 per day without spending a dime.
You sold your house, you sold your couch, you even sold your girlfriend/boyfriend. And yet, you still have no money to your name.
You have no product to sell or money to spend on Facebook ads. But yet, you still want to find a way to make $100 per day online.
I mean how cool would that be?
To be broke as hell, yet still manage to accomplish $100 a day consistently.
If you have no money to drop ship a product or to spend on advertising, then the best way to do it is through affiliate marketing.
What is affiliate marketing ?
Well before I get into affiliate marketing, let me ask you a question. Are you familiar with these guys?
Chances are that you may have heard them before. What the hell am I talking about you know for damn sure who these companies are. They are some of the biggest companies in the world and make billions of dollars a year.
But when you study them more closely this is what they are in essence:
Meaning they have no product.
They were simply the middleman between the supply and demand. This is the basics of affiliate marketing.
How I Got Into Affiliate Marketing?
So when I started traveling and posting pictures on Instagram, people started asking me what I did. I told them ecommerce.
Naturally they asked me how to set that up, and I told them just go to shopify and create your own store.
With so many people asking me, I ended up getting annoyed with answering the same question over and over again. I did not want to waste my new found freedom on repetitive conversations.
So I created a couple blog posts on how to set it up..
I googled “shopify affiliate program” since I knew about affiliate marketing and signed up for their program since I was a happy customer of shopify. They ended up giving me a special link.
Now whenever someone would ask, I would simply send them through the blog posts with the link. If they ended up buying, then I would get paid.
At first I got a commission sale once every couple of weeks..
But as my brand grew.. So did my affiliate income.
As you can see it started paying me an extra $1500 to $2000 every two weeks. Which you do the math is about $100 a day on average. Yay me!
Now here is the crazy part..
This took no money to my name whatsoever. I didn’t have to create a product to sell. All I did was recommend something that I was already a proud customer of. I setup my affiliate link that they provided me only a couple of times on my blog that one time…
And now I get paid consistently with no effort.
This is what passive income is like. I did something once and now i’ll paid for it the rest of my life. Not to shabby for zero dollars spent wouldn’t you say?
Because of this, I started looking into the products I was already using and found out if there were affiliate programs as well. Good news. There were!
Now whenever I like something a lot from books to software, I write a blog post about it and will now have the ability to make money from it forever from that one link.
But I am not special. Literally anyone can do this.
Here is the thing, you may not know this but you are doing this already. From the clothes you wear to the food you eat, you are basically a walking billboard for so many companies that aren’t paying you a single cent for your free advertising.
When I go to Chipotle and order a bomb ass burrito bowl with extra guacamole, double chicken, and another layer of cheese and sour cream, and someone looks over to me and asks where I got that.. do you think Chipotle gives me a commission when I tell them?
With affiliate marketing, you can now have the power to get paid by recommending the products you already enjoy.
How to Get Started With Affiliate Marketing
The first step in affiliate marketing is finding out what products you are already using, and finding out if they have an affiliate program. Chances are they do.
For example, have you ever heard of a vitamix blender before? They are super expensive blenders ranging from $200 to $500. But they are insane. My mom uses it every single day to make herself smoothies and juices. She loves it so much that she recommended it to all her friends.
But she is not the only one.
There are people out there that are recommending the same product as her, except they are getting paid. Here are the steps:
Here is an example with the blender that we mentioned earlier.
Check it out. The video has over 200,000 views and the description is filled with affiliate links. If someone ended up buying through that link, this person would get a commission.
So How Do I Make $100 Per Day?
Well of course the commissions will be very small at first. And $100 a day will most definitely not happen over night. But with time and patience, you don’t have to be the next Uber or Airbnb to profit by connecting people with the products they already desire.
No matter how broke you are, anyone can do this.
But it begins with a game plan.
So sign up for Clickbank affiliate program, create your blog, and start testing out affiliate marketing for yourself. and download my guide how to make $5000 per day with affiliate marketing here
One of the most important parts of a online store is knowing where you’ll get the products you are planning to sell. Your supply chain will be the backbone of your store and without a strong one, you won’t have long term success. For dropshipping entrepreneurs, this will always be in question.
Usually, you need to invest money into inventory and sell your own products. This can take time and an upfront investment, which many first time entrepreneurs don’t have.
That’s why dropshipping has become a popular method for first time ecommerce entrepreneurs to get started. It doesn’t require an upfront cost and you don’t have to handle the logistics of the actual shipment.
What is Dropshipping?
Dropshipping is a ecommerce method entrepreneurs use to directly fulfill customer orders from trading companies and wholesalers. That means you, the ecommerce entrepreneur, doesn’t need to hold your own inventory or manage your own shipments. Your part is the supply chain is cut off when you make the sale.
That sale is then transferred to a dropshipping partner who ships the product to your end customer. If you are new to ecommerce, this route enables you to start fast and at a small scale, as you don’t have to invest in your own inventory.
Though dropshipping could be a good starting point, few stores actually scale when taking this method and if you’re looking to grow a brand, dropshipping won’t be the route you want to take. Download my million dollars guide to dropshipping
The biggest advantage in dropshipping is that you don’t have to hold inventory. This means you never actually own the products you’re selling. Though this may sound awkward, if you look at it from a ecommerce standpoint, the ownership of inventory can be the biggest bottleneck in a online store.
Inventory drains your cash flow. Most factories require you to pay for inventory upfront, usually 30% to start production and 70% due before shipment. Placing these larger orders from a factory for inventory will limit your cash flow on hand.
With dropshipping, you never place a large factory order. You order from a trading company or wholesaler who charges you as you place a shipment. There is no large order, just individual ones to your end customers.
Starting a traditional ecommerce store involves a lot of overhead with inventory, packaging, and equipment. Dropshipping enables you to skip past this costs, as you never actually hold the inventory you’re selling. Products are usually shipped from a trading company in China that send packages via a epacket shipment.
The epacket delivery method stems from a agreement with the US Postal Service and Hong Kong Post. The point of this agreement was to see an increase in international ecommerce sales for China. It allows for faster epacket delivery of products, typically taking around 30 days for your customer to receive their package. Packages can weigh up to 4.4 lbs. This method is the cheapest way to ship out of China and if you’re dropshipping, it’s the only way you’re going to ship.
The trading company you find through a platform like Aliexpress will often include the epacket shipping cost in their total price. This means when you sell a product on your ecommerce store, you can then easily understand the total cost of the shipment.
At the end of the day, dropshipping is a low risk way to get into ecommerce. It’s a solid foot forward but not sustainable over the long run if you’re looking to create a real brand.
Product development and brand creation is one of the hardest parts of creating a successful ecommerce store. With dropshipping, you get to bypass both of these challenges by selling products that are already on the market. Setting up a dropshipping store can be done in a few hours, as you just need a domain and a product you want to sell through a site like Aliexpress.
Though you may be saving time setting up your online store, you won’t be saving your customer’s time getting them your products. The average delivery time for a product shipped via epacket is around three weeks.
As a customer, waiting three weeks to get your product is almost unheard of in today’s world of ecommerce. If you’re looking to create a long term relationship with your customer, having them wait that long to get their products isn’t sustainable.
Test New Products
One of the best parts of dropshipping is the ability to test new products fast. Instead of having to buy inventory, wait for that inventory to arrive, and then take photos of those products, dropshipping allows you to use existing product images.
To test new products using a dropshipping method, you would simply upload existing images of those products that a trading company may provide and start selling those products with those product images. This means you can test products on your site faster than anywhere else, as you don’t need to take your own product photos.
With that said, very successful dropshipping sites do eventually take their own photos because if a product you’re selling becomes popular, everyone will start to sell it with the same photos.
Though I can’t recommend dropshipping as a long term business model, I can say dropshipping is a quick way to get started in ecommerce.
Cons of Dropshipping
The hype around dropshipping stems from the ability to grow quickly. You often hear of ecommerce coaches doing six or seven figures in their first year. What you don’t hear, is the majority of entrepreneurs that got nowhere in dropshipping.
They put up a site, uploaded some product images from Aliexpress, spent a few hundred dollars on ads, and didn’t see a single sale. The biggest flaw in dropshipping revolves around the fact that this business is churn and burn focused.
You don’t create any brand equity. You don’t create your own products. And you don’t have any supply chain foundation. What you have is a audience you want to target with a product that you don’t own.
Dropshipping stores can be the ones that go from doing five figures a week to five figures a year, overnight. The longevity is nonexistent and your customer relationship ends once a sale is made.
The cons of dropshipping are extensive and it should be known that dropshipping is a solid first step into ecommerce, not a long term business model.
Low Barrier to Entry
Having a low barrier to entry is good and bad. The positive is that setting up a dropshipping store is easy. The negative side stems from fierce competition. When it’s easy for anyone to start dropshipping, products that sell well will become very competitive.
There are literally tens of thousands of people that scavenge the internet, looking at other people’s ads to see which products they are selling. If they think they can sell a product better than someone else, they’ll jump at the opportunity and have a store setup overnight.
This low barrier to entry is seen as a bigger con as once you start to see some traction when dropshipping, competition can become fierce very fast.
Poor Quality Control
The biggest problem most dropshippers face is shipping poor quality products. Dropshipping entrepreneurs don’t control their supply chain and sometimes don’t even know where their products are coming from.
This means they have about no control on quality and only have the ability to switch suppliers if the products they’re shipping don’t meet quality standards. When selling a quality product can make or break the reputation of a ecommerce store, it’s unlikely a dropshipping store that has limited control on quality control will be able to keep up.
Though there are some reputable trading companies on Aliexpress that will be thrilled to work with you, few are good and few can provide consistent quality.
Lower Profit Margins
What really kills any business is the margin. If you don’t have a high enough gross margin, you won’t be able to scale, as you need money to cover the cost per acquisition of your customers.
That’s where dropshipping entrepreneurs really run a risk, as their margins usually run around 30%. Though this often includes the cost of shipping via epacket, it is small compared to the 80% plus margins that private label entrepreneurs run.
The reason margins when dropshipping run relatively low is because you’re most often working with trading companies. When they take their own cut on top of a factory’s margin, you aren’t going to be left with as much wiggle room.
When you private label or create custom products, you’re most often going direct to the factory. Here you only have to balance the factory’s margin which averages around 10% and you get to keep the rest. That’s why most private label brands or custom products will have 2-3 times higher of a margin compared to dropshippers.
While you have no control over quality, you also have no control over the logistics. When a typical product gets shipped via epackets, you don’t know if it’s going to arrive in ten days or a month.
The tracking of epackets is very poor and you’ll soon realize how many customer complaints you’re getting because of the logistical nightmare dropshipping causes. Even though you don’t have to hold inventory, you’re shipping every product from a trading company, most often in China, to your end customers. Each individual packet has to pass through customs.
When you produce your own products and hold some inventory, you’re able to import once per production run and make local shipments to your end customers. It’s a lot easier dealing with the importation of one bulk shipment than a thousand small ones.
Limited Customer Relationship
In a regular business, you usually want your customers to have a high lifetime value. You hope that they’ll come back and shop more. In dropshipping, almost all of the relationship ends when a customer makes a purchase on your online store.
There is rarely any customer relationship created when dropshipping. This stems from the potential low quality product you’ll be shipping and from the slow shipping time. When a customer complains, you probably won’t respond if you run a dropshipping store.
If you’re creating a private label brand, your customer will hopefully continue to come back. They’ll love your products and become an advocate for your business.
What you really need to be aware of when dropshipping is copyright infringements. If you think customer complaints is hard to deal with, imagine dealing with a lawsuit because of the products you dropshipped.
Though not very common and usually pretty easy to point out, you’re not allowed to import a product that you don’t have the rights to. This could be patent infringement or trademark infringement. Chances are, if you’re importing a branded product that isn’t yours, you are infringing on someone else’s rights.
You may be able to get away with it in the short term, but as soon as you scale, you’ll find a lawsuit on your desk. As an example, in a recent case study where we sold $23,000 worth of Conor McGregor suits in a week, we ended up with a cease and desist letter from Conor McGregor’s lawyer because we used a image of him to sell the suits. Be careful of what you sell and how you market it.
When your customer’s want to return their product, chances are you aren’t going to pay to ship it back to China. When running a dropshipping store, it’s nearly impossible to handle returns effectively, as handling individual international shipments are expensive.
If you think the trading company you’re dropshipping from will handle returns, you’re short out of luck. This is why the customer relationship with dropshipping usually ends once a sale is made. There is no beneficial customer care policy.
What you really need to be wary of when dropshipping are refunds. Even if you don’t offer them on your online store, customers can still cancel the order on their credit card, resulting in a chargeback on your store.
Chargebacks are when you have to file a report with a credit card company, proving that you shipped the customer’s product. If your customer receives a broken product or if it takes too long to ship, they may file for a chargeback regardless.
The Other Route
By now you’re probably wondering, what do I do if I don’t want to dropship products? The other route revolves around creating your own brand or product. There will be more overhead but also more profit margin.
Instead of buying products from a trading company who handles the shipments, you’ll be producing products with a factory and handling the shipments yourself (or with a third party logistics company).
Companies that take this other route of private labeling or creating their own products are the ones that truly scale. Take two of the fastest growing brands in the world as an example, MVMT Watches and Gym Shark.
MVMT Watches started with a Indiegogo campaign, raising just over $200,000 in a month. 4 years later, they are on track to do $80 million in sales this year. Gym Shark on the other hand, started by showcasing at major tradeshows. Now, seven years later they’re doing over $50 million in sales.
The reason these companies scale comes down to one strategy:
It’s the reason people are willing to spend hundreds on a nice pair of Nike shoes. Brand equity comes down to developing a long term connection with your customers. It makes them feel comfortable spending a lot of money with you and makes them come back to purchase new products when you launch them.
If you’re looking to develop a brand, you need to invest in a identity. Figure out who your ideal customers are and create products that fit that market. If you hit a homerun with your product/market fit, your company is going to grow faster than you could have imagined.
To manage this growth and limit overhead, you’ll work with a third party logistics company that will give you a similar setup to dropshipping.
A third party logistics company is an outsourced entity that will handle the logistics and fulfillment of the products your business sells. They can help you import your products from your factory to their warehouse and ship out those products individually to your customers located around the world.
A 3PL will be your outsourced helping hand when it comes to getting new inventory from your factory and shipping it out to your end consumer. Some 3PLs will handle retail distribution and returns. Their main goal is to make sure your orders get delivered to your customer with a seamless experience. A third party logistics company may also have software that plugs directly into your Shopify store. This will automate the fulfillment process, so you don’t have to send them individual orders to handle.
It’s All About the NICHE!
Now’s not the first time you’ll hear this in dropshipping. Experts in this industry live or die off of finding the right niche to sell in. People will say stuff like, “I’m in the outdoor niche.” All this means is they have a general store that dropships products that people in that market may be interested in buying.
At the end of the day, whether you decide to start your own private label brand or dropshipping store, it’s going to come down to your interests. The best entrepreneurs are the ones who sell a product they would buy themselves. If you’re a guy selling beauty accessories, it doesn’t feel natural.
First figure out what products interest you and then figure out what to sell!
The General Data Protection Regulation (GDPR) (EU) 2016/679 is a regulation in EU law on data protection and privacy for all individuals within the European Union and the European Economic Area. It also addresses the export of personal data outside the EU and EEA
The EU’s General Data Protection Regulation comes into force this week – here’s what it means
But GDPR is far more than just an inbox-clogger. The regulation, seven years in the making, finally comes into effect on 25 May, and is set to force sweeping changes in everything from technology to advertising, and medicine to banking.
What is GDPR?
The law is a replacement for the 1995 Data Protection Directive, which has until now set the minimum standards for processing data in the EU. GDPR will significantly strengthen a number of rights: individuals will find themselves with more power to demand companies reveal or delete the personal data they hold; regulators will be able to work in concert across the EU for the first time, rather than having to launch separate actions in each jurisdiction; and their enforcement actions will have real teeth, with the maximum fine now reaching the higher of €20m (£17.5m) or 4% of the company’s global turnover.
GDPR affects every company, but the hardest hit will be those that hold and process large amounts of consumer data: technology firms, marketers, and the data brokers who connect them.
Even complying with the basic requirements for data access and deletion presents a large burden for some companies, which may not previously have had tools for collating all the data they hold on an individual.
But the largest impact will be on firms whose business models rely on acquiring and exploiting consumer data at scale. If companies rely on consent to process data, that consent now has to be explicit and informed – and renewed if the use changes.
How does it affect the tech titans?
The world’s largest companies have updated their sites to comply with GDPR. Facebook launched a range of tools to “put people in more control over their privacy”, by unifying its privacy options and building an “access your information” tool to let users find, download and delete specific data on the site. The company also forced every user to agree to new terms of service, and took the opportunity to nudge them into opting-in to facial recognition technology.
Apple revealed a privacy dashboard of its own – although the company proudly noted that, unlike its competitors, it does not collect much personal data in the first place and so did not need to change much to comply. Google took a different tack, quietly updating its products and privacy policies without drawing attention to the changes.
What does it mean for me?
You have the power to hold companies to account as never before. If individuals begin to take advantage of GDPR in large numbers, by withholding consent for certain uses of data, requesting access to their personal information from data brokers, or deleting their information from sites altogether, it could have a seismic affect on the data industry.
But can I ignore all those emails?
Almost certainly. Companies have generally sorted in one of two camps, depending on what legal advice they’ve taken. On the one hand are those who argue they have a “legitimate interest” in processing your data, and just feel the need to notify you of the forthcoming changes to their terms and conditions; on the other are those who believe they need explicit consent from you to keep in touch. Either way, the worst case scenario is usually that ignoring an email will mean you receive fewer in the future. And if you do miss out, you can always resubscribe.
What will the long-term effect be?
Even without user pressure, the new powers given to information commissioners across the EU should result in data processors being more cautious about using old data for radically new purposes.
Counterintuitively, though, it could also serve to entrench the dominant players. A new startup may find it hard to persuade users to consent to wide-ranging data harvesting, but if a company such as Facebook offers a take-it-or-leave-it deal, it could rapidly gain consent from millions of users.
Will it work?
“The rules will always be bent, if not broken, by companies seeking to gain a competitive advantage,” says Ben Robson, a partner at legal firm Oury Clark. “But the newly introduced principle of demonstrable accountability and the unprecedented scale of penalties made available to the regulators should constitute a greater deterrent against breach and a shift from the current, relatively toothless and largely ignored, regime.”
Is this the end of it?
Not by a long shot. The early days will probably be marked by a flurry of court cases, as individuals and firms argue whether or not their interpretation of the requirements is the correct one.
Is this worldwide?
GDPR applies only to the EU, but given the scale of the market, many companies are deciding it’s easier – not to mention a public relations win – to apply its terms globally. Apple’s privacy tools are worldwide, for instance, as are Facebook’s (although the latter won’t promise to apply every aspect of GDPR globally, noting that the rules may clash with privacy regulations in other jurisdictions).
What happens after Brexit?
The regulation will shortly be part of UK law, thanks to the data protection bill that has been working its way through parliament since September 2017, and the government has committed to maintaining it following Brexit. In theory, a future government could change the law again – but even then, any British company wishing to do business with Europeans would have to follow the regulation.
Since you’re here …
… we have a small favour to ask. More people are reading the Guardian than ever but advertising revenues across the media are falling fast. And unlike many news organisations, we haven’t put up a paywall – we want to keep our journalism as open as we can. So you can see why we need to ask for your help. The Guardian’s independent, investigative journalism takes a lot of time, money and hard work to produce. But we do it because we believe our perspective matters – because it might well be your perspective, too.
I appreciate there not being a paywall: it is more democratic for the media to be available for all and not a commodity to be purchased by a few. I’m happy to make a contribution so others with less means still have access to information.
Thank you to the many people who have already supported us financially – your contribution is what makes stories like you’ve just read possible. We increasingly need our readers to fund our work so that we can continue holding power to account and producing fearless journalism.
CryptoTab Review. A lot of people have been wondering if they mine using their browser. And I tell you now, that it is very possible.
It is always good to see companies trying to turn a negative development into something positive. CryptoTab is trying to bring some positive attention to the in-browser mining industry. Given all of the negative attention this industry has received as of late, it is only normal that people would be hesitant when ventures like these come around. Skepticism is a good thing in the cryptocurrency industry, for obvious reasons.
The objective of CryptoTab is to let users mine Bitcoin in their Chrome browser. Although this sounds like a convenient solution, everyone will agree mining Bitcoin with a regular CPU will not earn you any decent amount of money. That has been the case for some time now, as most users will earn fractional amounts of BTC at best. We are talking about Satoshi here, which means the smallest unit of a Bitcoin, eight digits behind the decimal.
Even so, there will always be people who think this is a worthwhile venture. All they’ll have to do is let the Chrome browser run on their computer while the device is on. To these people, it will sound as if they are generating Bitcoin for free, even though that is not really the case. That’s because their computers will consume a bit more electricity than they otherwise would. This extra cost might not even be offset by the amount of Bitcoin that users will earn using this service.
It is a Google Chrome extension which you can download directly on Chromestore.
I’ve been looking for some payment proofs and I found tons of them.
Which makes me decide that I should better try this one.
For now, I don’t have my own payment proof, but I will post it here once I got mine.
So I would really appreciate if you will register under my link, that would help me a lot to monitor this site.
And if you really work hard on your referrals, I think earning 1 BTC per month is really possible.
I’ve also been investing Coinbase and if invest $100 or more, you get $10 in FREE Bitcoin, just click HERE
Soon you will see my payment proofs here.
We are going to pay you 15% of your friends earnings from our own mining capacities as soon as they will install CryptoTab by your personal link.
Also, we are going to pay you 10% bonus from our own funds when your friends will lead their friends by their own links.
Referral network includes payments for up to 10 levels of friends. Number of levels will be reduced in the future, so hurry up!
We pay extra bonuses from our own mining capacities without cutting down your friend’s income.
The more your friend’s network grows, more gain you have.
Get more than 1 BTC per month! Develop the network and get your rewards!
FREE Way to Earn BTC
CryptoTab – this is a Google Chrome extension that allows you to mine Bitcoin while using your Google Chrome. Check out my review here.
FreeBitco.in – this is a free site where you can win up to $200 worth of Bitcoin. Check out my review here.
AdBTC – Earn Bitcoin thru browsing websites.
BTCClicks – Earn Bitcoin for every sites you view.
How do I use the plugin?
Simply download the plugin and you will begin mining automatically. You will be mining as long as Google Chrome is open.
How long does it take before I can withdraw?
It depends on how often you keep Chrome open on a daily basis, but the minimum recommended withdrawal is 0.001 BTC, which usually only takes a few months to achieve.
How can I increase my Bitcoin earning speed?
The best way to earn more Bitcoins is to invite as many friends as possible by your personal link and motivate them to lead their friends. The bigger referral network you develop, the more income you will get, and it will grow exponentially. Our referral network includes up to 10 levels of friends.
How to increase mining speed without inviting friends?
You can adjust Bitcoin mining speed from the switch menu on a bottom pane of the plugin. Change value from Normal to High mode to use your CPU power to the maximum. You can reduce the mining speed down or turn it off altogether at any time.
I downloaded the plugin but it wont start mining?
It means that you have a security system that is blocking mining script CoinHive.js. You need to add CryptoTab or CoinHive.js to whitelist in your security system.
What if I accidentally delete CryptoTab or my computer stops working?
We recommend you to press Login and sign in your Facebook or Google account after the plugin installation. After that your Bitcoin balance and referral network will be automatically saved. To restore your account on a new device, you need to download CryptoTab, press Login and sign in with your Facebook or Google account.
Have you ever heard of the CryptoTab bitcoin mining plug-in? If you are curious to know more about it, then read our review of this Chrome web store app.
What Is CryptoTab?
The principle is to ‘earn bitcoins while using Google Chrome web browser’. That is the hook CryptoTab uses to try to and position themselves to you – great concept right?
The idea is that you download a plug-in extention for Chrome and then you will be able to mine Bitcoin while you use your browser and surb the web, which will make you earn Bitcoin for doing so with the app activated. You can also invite friends and earn more Bitcoin. The company states that you will be able to earn more than 1 BTC in a single month (which is actually pretty hard to believe) but does not say how many people it requires for that earning potential. As long as Chrome is open and you have the plug-in you will be able to mine cryptocurrency.
Click here to try CryptoTab, a bitcoin-earning idle internet web browser power leverage play if you will that says it will start earning bitcoin passively for you by downloading & installing for free. Whether that sounds like a fantasy slogan from fairyland or actually is a simple plug and play logically-leveraged concept that uses your web browser/computer for mining purposes..in which the profits are spread for those who use and share. Let’s review below.
How Does CryptoTab Work?
The idea is that CryptoTab is a huge mining pool which uses the collective power of many computers to earn Bitcoin. This is known as a mining pool.
You will be able to log in your account by using your Facebook or Google account. This is a good idea because your Bitcoin balance will be always safe. If you accidentally delete your app, you will lose all the Bitcoin that you already have mined if you do not create an account.
So here is the problem: the company states that you should withdraw your money when you have at least 0.0004 BTC, which can take “a few months” to gather. The BTC price is actually around 10,000 USD, then 0.0004 BTC is no more than 4 USD. The company promises that you can earn up to 1 BTC, but the only way to do that is by inviting as many people as you can to use the app.
Have you ever heard of a Ponzi Scheme? That is exactly what this is. You will get money from the people that you invite but you have to invite more people, which will also have to do this. This is not a sustainable model of business, which means that this company is basically doomed. You will only be able to get any money by basically scamming people into calling other people to be scammed.
At the moment, you can only use this platform via your desktop computer. The smartphone version is still not online at the moment.
How To Invest In CryptoTab?
It is very easy to use the app. You have to download it and then install it on Google Chrome. It is important to perceive that this is not an official app sanctioned by Google and nor it is a very good investment, so be warned that it might not be a good idea to use this program at all.
You can also increase the speed of mining by using the settings of the CryptoTab plug-in, but this will make you spend more processing power than you would be if you just left the settings on Normal, so it might not be a good idea if your computer does not have a high speed processor.
Payments are made twice a day and the company has proof that it pays, so you can be at least somewhat secure that they will really pay you for using the app.
The CryptoTab Verdict
As we stated above, if you want to try to passively earn Bitcoin (BTC) this is virtually a risk free venture. The only downside risk you might face, assuming in fact you will earn Bitcoin by using this cryptocurrency web browser tab extension, it will probably make Google Chrome noticeably slower. It will be up to you to decide the pros and cons of using a slower computer when surfing the internet or can pick and choose when to use the Crypto Tab app to see if you will earn enough profits to justify all of the mining power contribution.
One thing is for sure – there are not many applications like CryptoTab to choose from that allow you the legit possibility and opportunity to earn bitcoin passively. Especially if you take into consideration and compare the faucets or HYIP programs promoted all over the Internet. While we tend to favor the fact that everything that sounds too good to be true (in real life and especially cryptocurrency space), it likely is but this one might just find a sweet spot that allows users to monetize their internet computer power in exchange for mining bitcoins by just making a decision to try it out – you can download CryptoTab here.
In the Bitcoin system, the production of all the new money is done on a stable base. This money is equally paid to those who operate the Bitcoin network by doing Bitcoin mining.
Making money with your computer
So yes, Bitcoin mining allows to make money by letting a computer work. However! Bitcoin mining is a free and open market. It is not a easy way to make money out of thin air.
Gains with Bitcoin mining are proportional to the power of computer hardware to solve the mathematical calculations. The whole network is powered by these calculations, which rewards you for your services. To be profitable, Bitcoin mining have to generate profits despite the cost of equipment and the electrical cost to operate at full capacity. That may be difficult.
Technologies used for Bitcoin mining
At the dawn of Bitcoin, classic computers were enough to run the network. However, competition has intensified gradually as the use Bitcoin increased as a dynamic market. In order of effectiveness, CPU processors, ATI graphics cards and FPGA chips succeeded to each other. Today, all these technologies are outdated and are no longer profitable.
Due to strong competition, ASIC is the only technology that can now offer potential income. An ASIC chip is a chip specialized to perform specific calculations. Some companies such as Avalon and ButterflyLabs faced the challenge of producing ASICs for Bitcoin network. ASIC chips can produce up to 40 times more calculations per second than a graphic card for the same price with a much lower power consumption. However, unlike graphics cards, ASICs have no resale value outside of a use with Bitcoin.
Pool have more stable incomes
When starting with Bitcoin mining, it is important to understand that a computer has very little chance of solving a mathematical problem aired by Bitcoin. It is a matter of chance. The more powerful is the equipment used, the more it can make attempts per second, increasing the chances of success. However, without buying a fleet of very expensive ATI cards, Bitcoin mining alone can take weeks, months or years before touching any gain.
The pools are small cooperation of bitcoins miners who wish to combine their strength in order to share Bitcoins earned fairly. Being part of a pool is the best way to raise Bitcoins stably when you don’t wish to invest heavily in computer parts. Many free open pools exists, such as bitminter.
the evolution of incomes with Bitcoin mining over time
Bitcoin mining is not a guaranteed investment. Indeed, the income can be earned with Bitcoin mining depend on several things. The value of the BTC (Bitcoin) is the first of all, because the value of Bitcoin fluctuates according to supply and demand. Since the creation of new BTC is stable and limited, an increase in demand for Bitcoin also means an increase in its value, and vice versa.
Competition and the difficulty are also important factors. The more there is people mining, the more the mathematical difficulty factor to generate Bitcoins increases, because the network Bitcoin is designed so that the same amount of money is created each month, regardless of the number of people working to generate this amount. This way, Bitcoin mining is a perfect market. If Bitcoin mining is too profitable, new investors arrives and dilute earnings. When Bitcoin mining is not profitable enough, some investors abandon, increasing the gains of subborn investors.
It is also interesting to note that the creation of new BTC is designed to gradually stop. Deprived of this source of income in the coming years, then Bitcoin miners will increasingly perceive optional transaction fees. Since transactions with fees are likely to be processed more quickly by the Bitcoin miners, banks and network users will be likely to add a tiny fee like a fraction of a cent for certain transactions.
The bitminter pool probably offers the easiest way to start without having computer knowledge. You can simply register with bitminter and click to start their software. The software immediately displays the calculation speed your computer gets to reach and earnings are displayed consistently and rapidly inside the bitminter account. It is then possible to transfer the obtained Bitcoins Bitcoin to an address that belongs to you.
In contrast, if you want to make Bitcoin mining alone, the procedure is generally more complicated. It requires to install the bitcoin software on a computer and change its configuration to start in server mode. Then, it requires to use a specialized command line software such as poclbm or cgminer on each computer used to generate Bitcoins. This software must connect to the server to receive Bitcoin calculations to be done and transmit the results.
There is also a possibility to avoid centralized pools and take good sides of both world with p2pool, which is a decentralized pool. It is still more complicate to setup than just using bitminter. However, you don’t rely on a pool that is vulnerable to DDoS attacks or dishonnest pool owners practises and you get paid directly on your Bitcoin wallet without intermediate.
Bitcoin mining is a way to participate in the Bitcoin network operation. Some only sees Bitcoin mining as an investment since it is designed to be an open and competitive market. Still, some people involved in Bitcoin mining also do it for the interest of helping the network to function. Each computer used for Bitcoin mining allows the system to verify the validity of each transaction and protects the network from any form of attack.
Do you want to make money online for free well this article will help you to make money online taking paid surveys
How To Make Money Online Taking Paid Surveys
You’ve seen them, I’m sure, those enticing ads that promise you money, money, money galore and all you have to do is sit there and take a survey. Some of them are definitely scams but some are the real McCoy. How can you tell the difference? Real people really want to know – Are real people really making money with this? And if they are, how are they doing it? Let’s take a look at how you can make money online taking paid surveys.
What are Online Survey Sites?
Online survey sites make money by providing a service to product manufacturers. Manufacturers of all types of products contact these sites and hire them to do product research. Surveys are created, generally asking your opinion or preferences about certain products and your results are sent back to the manufacturers. They then use these results to determine what the public is looking for in their products. Corporations pay millions of dollars a year to have these surveys conducted and that’s how these survey sites are able to pay you for your time
How Much Money Can You Make Taking Paid Surveys?
The compensation fees for online surveys can range anywhere from $40 to $100 per survey but most range from $50 to $120. Some online survey sites offer products for compensation. For example, they might send you a razor or a T-shirt and ask you to test it out before you take the survey and you get to keep the product.
The length of the surveys varies, too. Some might be only 2 or 3 multiple choice questions that take you a couple of minutes to complete. Others might take you 2 or 3 hours. Of course, those also have a higher compensation and they’re harder to come by.
While there are some people who make a very good living at this, most people agree that participating in paid surveys is a great way to earn extra money but unless you’re really driven to succeed, you shouldn’t quit your day job.
How You Can Make Money Online Taking Paid Surveys?
Ahhh, that’s the real question. But it’s like anything else you do online. Once you figure out how the system works, it’s easy.
When you register at an online survey site you’ll be required to fill out a profile. This profile information is used to decide who gets what survey. You typically don’t have access to an unlimited number of surveys, it’s based on demographics. For example, if you’re a male, there’s no reason a manufacturer of lady’s razors would be interested in your opinion and it would be a waste of his money to pay you for it.
It may take up to a month for your profile information to circulate through the whole system but eventually you’ll start to receive surveys in your email. (You’ll probably want to set up a separate email address for this project. Especially if you join more than one site.) The first surveys you receive will be the little ones, for a couple of dollars, that are easy to complete. Make sure you answer these quickly and truthfully and return them as quickly as possible.
Once the site recognizes that you’re a serious participant you’ll start getting the better paying surveys. Again, complete them and return your results as quickly as possible.
One of the reasons it’s important to complete these surveys and get them off your desk as fast as possible is so you can move on to more surveys. As I said, you’re not going to make a boatload of cash in the beginning so you need to make it up in volume.
The people who make the most money with paid surveys belong to more than 100 survey sites. Yes! They really do. In fact, there’s software out there that makes it easier for you to fill out all of those profiles – the most tedious part of this entire process.
How To Find Reputable Survey Sites
Of course, if you want to know how to make money online taking paid surveys, you’ll want to hook up with reputable sites who are going to pay you fast, and on time, for your efforts. And that’s the trickiest part of this whole business. Some sites are free to join and some charge you a fee. Generally, the sites that charge fees have the better paying surveys. But that’s not always the case. Some of them are just charging a fee to keep the riff-raff away and their surveys are no better than the other guy’s. Visit Here—>> http://cashonsurvey.com/
Look for nice sites, sites that look professional, sites where all the links work and the registration process doesn’t send your computer into Cyberspace. Once you’ve found a site you’re interested in, do a search to see what other users think. Join forums, read blogs, check out Twitter and Facebook. But don’t ever pay for a list of survey sites. It’s not necessary. There are something like a bajillion of them out there and you can find them yourself. It’s like anything else on the Web. Once you start looking you’ll find them popping up everywhere.
“Action is the foundational key to all success.”