The Growing Network Marketing Field

These days, it’s getting tougher and tougher to differentiate between those who are passionate, ambitious individuals with legitimate people skills, and those who are just looking to make a quick buck. Even more unfortunate is the fact that the former group tends to get unfairly lumped in with those in search of get rich quick schemes. However, the best way to tell the businessmen/businesswomen from the fakers is by looking at the fruits of their labor.

Direct sales (MLM) is the purest form of business left alive in today’s modern America. Also called Network Marketing, it requires a type of caliber in a person that can’t necessarily be taught. One needs to be able to see a need in a person, and find a way to speak to it without coming across as pushy or overbearing. And on top of all this, the person needs to have it in them to build a network of clients that they are solely responsible for. No one to get leads for them, no one to push them to sell harder, and no one to provide ways out. This is their business, and no one else’s.

As it stands today, network marketing is, across the board, creating success stories for small business owners around the world. During these extremely difficult economic times, many have found it necessary to find means of bringing in extra income on top of their barely sufficient salaries. Direct selling has provided individuals with the determination to finish a job they start the opportunity to not only make ends meet, but live comfortably after working hard at establishing creditability amongst various circles in their preferred business ecosystems. Many people have gone so far as to replace their previous salaried roles with their new-found business models, thanks to a rigorous yet rewarding career path offered to them via MLM clients.

Again, it is important to separate the businesspeople from the fakers. These are difficult times, and there are wolves in sheep’s clothing out there. Individuals who are growing desperate are turning to those who promise the world and deliver only heartache. But as the network of direct sellers grows larger and more influential, it is only a matter of time when the roles will be reversed, and the network marketing success stories shared by so many will become commonplace for those with the motivation to achieve.

All About Crypto Portfolio Management

The past decade has seen an exponential rise in the number as well as the investment in cryptocurrencies. It has caused significant changes in the financial market. The crypto market is highly-rewarding and presents an unprecedented opportunity to make short-term and long-term gains. However, the market is also subject to extreme volatility and frequent fluctuation.

Most retail investors invest in a popular cryptocurrency with hopes of making massive gains. However, it is not advisable to put all your eggs in a single basket. All cryptocurrencies experience a period of high rises and lows. This can cause significant financial losses for the retail investor.

Hence, it is crucial to have a risk-adjusted portfolio of cryptocurrencies.

Crypto portfolio management allows you to generate high incomes while managing your investment risk. Let us understand crypto portfolio management and its many benefits.

Crypto portfolio management

For many people, investing in cryptocurrency means buying a few Bitcoins. However, Bitcoins are just a part of the huge crypto market that consists of more than 6500 currencies.

Your crypto portfolio refers to the unique selection of cryptocurrencies you chose to buy. Investor tries to maximize their returns while reducing their risks. The value of your crypto portfolio depends on the market price of these cryptocurrencies.

However, it is essential to understand that different investors have different risk appetites. Hence, what works for someone else may not work for you.

Crypto portfolio management refers to risk management by creating a unique mix of cryptocurrencies.

Benefits of Crypto portfolio management

Some of the benefits of crypto portfolio management are as follows:

1. Diversification

The benefit of a well-balanced portfolio is the diversity it offers. The Crypto market is volatile and highly unregulated. It is very often seen that the price of a cryptocurrency skyrockets and then takes a nosedive.

If you invest in a single cryptocurrency, the changes in the market value of the currency will directly impact your investment. As a retail investor, you may not be able to accommodate such fluctuations, and it can destroy your wealth.

Hence, it is advisable to diversify into a few different cryptocurrencies. This will enable the downfall in the value of one currency to be balanced by the rise in others.

2. More chances of selecting an outperforming asset

When you invest in different cryptocurrencies, you increase your chances of picking an outperforming asset. Years ago, when bitcoin was launched, nobody could anticipate its capability and future market value.

Similarly, there are a few cryptocurrencies that may achieve exponential growth in future years. Crypto portfolio management increases your chances of picking such currency.

3. Rebalance your portfolio

Crypto portfolio management allows you to rebalance your portfolio to help you maintain an adequate ratio of the asset. The gains in an outperforming cryptocurrency are used to invest in other assets to rebalance your crypto portfolio.

How to Get Direct Marketing Customers Today Even If You Don’t Have Money For Postage

If you are a direct marketer and you are looking for a unique way to get customers ASAP, look no further. Here is an old direct mail trick that will get your sales letter opened in probably 98% of the households that receive it. Read on to find out how you can start to get local customers now, even if you don’t have a lot of money.

Do you have a service business, or some other type of industry that sells to homeowners locally? If you do, you understand how expensive it can be to mail a sales letter through direct marketing and even harder to get the prospect to even open the letter. Well, there is a solution and it’s incredibly simple. You don’t even have to write or print anything.

The next time you create a sales letter simply fold it and put it in a white, number 10 envelope (normal business-sized, not the little ones). Don’t write anything on the envelop and just place it on the person’s doorstep, in the door, tape it to the door, put it in the newspaper box, or a host of other locations. You can put it almost anywhere accept the actual mailbox. Use of a mailbox by non-postal employees is illegal in the U.S.

The curiosity factor alone will drive the user to open the envelop and want to see what’s inside. It looks like it could even be a mistake, something that fell out of the mail carrier’s bag. This curiosity factor is the key component to marketing with the white envelope trick.

Now, you will need to do this sparingly and make sure that you are not doing all of your follow-up marketing this way. This only works a few times year. If you use this too often, the homeowner will see this as regular “junk” mail. However, this is a great technique for the starving small business owner to get new customers as early as the same day you send out the letters.

You can either deliver them yourself, pay a neighborhood kid to drop them off, or hire a canvassing service to place them for you. There is always the issue of trust, but if you can multiply your efforts and you don’t have to deliver them yourself, you can work on expanding your business instead. Another way to get them delivered it to pay your local newspaper to add them as an insert. The sales letter will appear as though it came in the mail that day.