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Bitcoin Currency

Bitcoin is a revolutionary kind of currency that was introduced in 2009! It functions by enabling transactions to go through without the need for the middle man. Therefore no banks are required.

Bitcoin Currency

You also get the benefit of no transaction fees and no need giving out your real name. With such flexibility bitcoin has become widely accepted by both consumers and merchants. It also can be used to purchase web hosting services, foods online, and just about any service you can think of online.

Bitcoin has impacted much on the currency arena. It can be easily utilized to purchase merchandise anonymously. It also provides the benefits of easy and cheap international payments and is not subjected or limited to any country or regulation.

Some people see Bitcoin as a vehicle for investments and buy Bitcoin by trusting that they will increase in value.

To get Bitcoins, you can purchase on an Exchange marketplace that allows people buy or sell them, utilizing other various currencies.

The transferring of Bitcoins is easily done by forwarding Bitcoins to one another person utilizing mobile apps or their PCs online. It’s just like sending cash digitally.

With Bitcoins you have a currency value that can be stored in what’s called a “digital wallet,” which subsists either within the cloud or on a computer. This digital wallet is like a virtual bank account that lets account holders within it send or receive Bitcoins, purchase goods and services or store them.

Although most bank accounts are insured by the FDIC, Bitcoin wallets are not, yet they are safe, secure and have payment flexibility benefits.

Unlike the US dollar, gold, silver, or some other precious metals, Bitcoins are scarce and this scarcity is algorithmic.

In terms of international remittance Bitcoin is a winner. There is no worry about fraud or security. At some money exchange businesses for instance, migrant workers could utilize Bitcoin to send payments from one nation to another via email.

On the 27th of June in 2014, the US Government was scheduled to auction off about 30,000 BTC that was confiscated from the shutdown of Silk Road, an online black market operation. At that time, the value of Bitcoins was 633.84 dollars. Today, one Bitcoin is worth about $655.48 US dollars around the time that this article was written.

If you take a good look at some the local merchants downtown, the inner cities or online, you will see the Bitcoin logo acceptance in the window or on the door.

Bitcoin is still maturing and is making a tremendous progression towards being one of the most sensible currencies ever created.

Do you think Bitcoins will become a world currency? Do you think the US Government will sell all of the Bitcoins that they possess? Is Bitcoins really secure? How can I get Bitcoins and where? All these questions can be best answered simply by Googling Bitcoins.

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Building a “Successful-Product Pyramid”

Basically, businesses that are into tangible products are on a dead end today. It is because they don’t have an idea on how to create a successful product. Most of the businesses today only adds more features on a certain product and increase its price. They market it as new products even if it is only an improvement of the latter.

It is true that we are lacking enough minds to create a successful product, but deceiving the public is not something that businesses should do. The richest man in the Philippines once said that you have to be honest with your customers if you want them to stay and be loyal in your brand. Well, how can you expect them to stay and be loyal to your brand if you are not giving them what they deserve?

If you wanted to build a successful product, here are some of the important things that you need to know.

Put Innovation as your Product’s Foundation

When creating a product, you should always put innovation as the foundation because in the end, everything comes down on how your product is unique from the others. It is really hard to create a unique product and it is also the reason why every company spends a lot of time, effort and money to create a new product.

Instead of wasting time thinking of adding new features on an already existing product, think of a new product. It will take time, but you don’t have to release new products on a regular basis. You can always add features and tell them that it will be a new addition to the products. You don’t have to add features and increase the price of the item.

Your Product should be Functional

The term “Functional” is not only for electronic products. It can be applied to all the other products on the market today. Let’s say that you already have an idea on what to product, the question is how can you make it functional? You cannot sell an idea. Your idea should be functional if you want people to buy it. If your product will not live up to what you are claiming, it will never be successful no matter what you do.

If you think that the idea of the product is good enough or the design, it should be functional first. It should be a step by step process. You can determine the functions of a product unless you innovate first. You cannot make a design unless you do the first two.

Think of an Attractive Design

Don’t overdo the design because you are not selling a product just because of designs. Make it look attractive and make sure that the functions will not be affected in any way. This is the last step in the successful product pyramid. Even if it is only about the design, it plays a very important role in the marketing of the product.

Many business owners and Filipino billionaires know about this, but only a few are using this. It should be done by business owners if they want to make a successful product.

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Are We Losing The Art Of Conversation?

It struck me today when I was at lunch just how quiet the kitchen was. There were 5 of us all huddled together, a variety of different sandwiches and salads adorning the table, and guess what, we were all looking at our phone screens, flicking and tapping randomly, furiously and laughing all in our own little bubbles.

Tonight I changed a habit. While having my dinner instead of reading the journal. ie or checking out what was happening on Facebook, I turned the phone off, left the tablet in the bag and watched and listened as my two kids laughed and sang along to the film Frozen. My little girl in particular loves this movie and wants to be Elsa, so as soon as the song “Let it go” came on she started to sing without been prompted. She saw me looking at her in pure daddy awe and smiling that proud, that’s my little girl smile, and she gave me a little wave as if to say “thanks for listening to me daddy”

It touched me deeply because had I been engrossed on my phone I would have missed that moment of innate connection between us, where no words were spoken, but my face and body language expressed 100’s of words, emotions, love and pride.

Don’t get me wrong I think the strides we have made in technology are incredible.

I love social media marketing so much that I went back to college by night to get my diploma in Digital Marketing and Facebook and Twitter have both allowed me to stay in contact with great friends who are now in the four corners of the globe.

But I think we need to just now and then take a check that we are controlling our technology not the other way around.

I first started in Marketing when I was 16 in 1987 (oh god I feel old) working in Arnotts department store as a sales assistant.

Social Media was not part of our lives and a phone was something you dialed on the desk by the cash register. At 16 I was thrust into the world of face to face conversation and having to talk to people I did not know.

I had strangers come up and look me in the eye and ask me to help them find the right shirt, jeans or suit. After all I had the white shirt and tie on, so I was the expert in their eyes, although the mother who asked me to measure her little boy for trousers, who I then proceeded to advise that he had a fifty inch waste, would probably beg to differ. I never did get the hang of the measuring tape!!

However, the point I want to make is that when each of these customers came into the shop in person looking for my help I could not text, email, tweet or Facebook them the answer. I had to stand there in person and communicate to them both verbally and with my body language to find out what they needed, solve their problem and ultimately create rapport.

As business has evolved and the technology has increased we seem to be spending less time talking to each other in person and instead we use technology to do the engagement for us.

Just think about how many face to face meetings you now have for reviews or general catch up with a client in person. It probably is very different to what is was 3 to 5 years ago as we now communicate via non face to face methods. I myself have clients who I have spoken to numerous times on the phone or via email but who I have never met in person even though I have tried to get that face to face meeting. Everyone is just too busy it would seem.

This train of thought was further highlighted when I was recently at a networking event and I found it strange just how many people there were conducting online conversations and staring at their phones rather than talking face to face with the other people in the room.

I recently came across a great article entitled, Saving The Lost Art Of Conversation by Megan of the Atlantic, and in this piece she starts to review these very points that I am touching on.

In her article she recounts her interview with Sherry, a hugely respected psychologist and a professor at MIT. Sherry was working on a new book called “Reclaiming Conversation” and from her research she came to the conclusion that we’re talking all the time, in person as well as in texts, in e-mails, over the phone, on Facebook and on Twitter.

Obviously I don’t want to sound like a hypocrite or that the art of conversation is doomed. I know I am using the power of technology to share this post with you, and don’t get me wrong, I do love all the advances and the ideas of what is coming down the line in the future, such as wearable technology, apple I watch, near field communication etc, but let’s not forget that we are social and tactile creatures, and I hope that human interaction and face to face conversation will not die.

I think back to when I was a teenager and all the excitement followed by utter or was it mortification, and then the elation, when after an hours of eye contact and finally plucking up the courage to go over to that girl I fancied in the disco and asking her to dance and she says yes. Oh the joy and then the fear as I realized I can’t dance!!!

That whole scenario obviously would have been completely different and nowhere as emotionally charged or exciting if done by text or tweet.

So I challenge you, as I will be challenging myself each day, to put the phone and tablet down a little more than you do right now and let your other senses do the conversing.

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Booking Your Business Dealings In The Best Meeting Rooms

Having your meetings in innovative-designed meeting rooms pays off a lot. In terms of satisfying your clients, this is one effective way of doing it.

When you are to hold a meeting, it is wise that you find a place that will give your business associates the professional feel they seek, an ambiance that is inviting and a place that is well equipped to address the things that your clients may need while in the business meeting. Being able to provide these to you clients gives you the edge and will more likely be a start of a new partnership of an extension of a business contract you may have with them.

Renting out meeting rooms is an option for you, should you don’t have a traditional office wherein a small to medium size business conference room is usually built in. Also if the size of the attendee is quite big then the more you need to rent out a space that will be able to accommodate them. It is not hard find though as there are several meeting rooms for lease that can provide the needs your business colleagues as well as of the meeting to be done. These rooms can also be useful should there are events your company plans to organize.

There is not need to add to the crowd a cafe has just so you can discussion your dealings with your clients. Opting these meetings rooms will be able to provide you a way better place to have your transactions done with comfort and at no base at all or be bother by the sounds or noise of the nearby tables. And one other edge these rooms have is the fact that they are located in prime business places, which all the more the clients would prefer.

Booking your meetings in the said places would not be that difficult for there are personnel in the serviced offices that will accommodate you call as well as your queries. For the inclusions of the varying rooms they have, you will be educated on that for you to decide which one to pick. For the amenities, they got free information technology support ready for you and of course free wi-fi for use.

All in all having these serviced meeting rooms are your best choice and the perfect workaround if your place is too small to accommodate your clients. As for impressing potential clients, this is where you can best take them

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Importance Of PR (Public Relations) For Small And Medium Level Companies

It’s not only large companies that can make use of public relations (PR) firms; small and medium businesses can also benefit from these professional firms.

If you have a small or a medium sized company and you are wondering how a PR firm can be of importance to you, here are some of the benefits that come with Public relations:

Create a positive Image

A PR firm not only promotes your business, but also puts your business in the limelight. This plays a major role in creating a positive image about your company.

One of the ways in which a PR creates a positive image is by getting you, your products, or your business featured in newspaper or magazine stories. By doing this, many people read your story and form a positive image about your business.

Increase profits

Other than helping you to create a positive image about your business, a good PR firm will also help you to increase your profits. A good PR firm will do this by identifying your target market and help you to advertise your business in an area where you will make more sales.

For example, the firm will help you get an opportunity to talk about a product on television or radio and this will increase your exposure. When many people know about your business the more they will buy from you and as a result the more you increase your profits.

Reduce costs

Although, it can be expensive to hire a PR firm, it tends to be cheap over the long run.

For example, you may be required to part with thousands of dollars to hire a good PR firm, but the firm will help you or your representatives to be booked for interviews on television shows and newscasts which will give you a lot of exposure which would have cost you millions of dollars.

Offer intelligent advertising

Newspapers, magazines and online platforms may not be interested in promoting your business, but they may be interested in giving information to their readers.

If the information is related to your company, the PR will help you in drafting an intelligent press release that won’t sound like an advertisement. The release will not only give information to the readers, but it will also give your business the much needed exposure.

These are some of the benefits of hiring a public relations firm if you have a small or medium sized business. To ensure that you hire the right firm, you need to do a lot of research.

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Creating Clients for Life – Thank You

As a parent of four daughters, my wife and I have focused our children on the art of sending thank you notes. We started them at a young age that included a cute piece of paper with crayons through their teens with a formal card and well thought out hand written message. It included birthdays, graduations, recent wedding, and the unusual when a nice gesture was done for them.

As we move into our business careers, many of us forget about that lost art and the powerful impact it still has vs. an electronic email. It is definitely a strategy that can set you apart. As real estate professionals there are many opportunities to drop a thank you card. I have even seen some studies that indicate a person who receives a thank you card will share it with 3 other people.

Make it part of your daily routine to send out at least 5 thank you cards per day and increase it as your business increases. Types of Thank You notes include:

  • Purchased a Home – This is the most obvious and the start of the process to create that long term referral. Don’t forget to offer your availability to help them if they have needs for recommendation for local services etc
  • Home Showing – Working with buyers requires time and patience. Why not send that thank you for the opportunity to show them a home and reinforcing your skills and enthusiasm to continue to find the client their dream home
  • Listing – Thanking that home owner for selecting you and remind them on why they did select you along with some of the marketing already in place.
  • Referrals – We all work for referral, so thanking that customer for a referral, whether or not that referral selected you will continue to bear future fruits
  • Listing Appointments – Meeting with homeowners that are looking to make that decision to sell their home requires the thank you be sent immediately. Timing becomes critical. Pick that one moment from the meeting that you felt you connected with the home owners and include that in your note
  • Cold Calling/Prospecting – When meeting someone for the first time, and follow-up with a thank you for their time and offer them a personal contact method.
  • Rejection – There will be times that you do not get the home listing or do not find the buyer that home. A thank you and keeping in touch for future developments may lead to future business.

Make sure each thank you note is hand written, has a stamp (not metered), is signed, and includes your business card