Internet and Network Marketing - What Do You Think About Virtual Money?

Is Virtual Money Really All It's Cracked Up To Be?

Why is so many internet and network marketing companies paying people this way?

This is two very important questions that require an answer. In this post, I will attempt to clarify things for people so that it will become clearer for you to make a decision to get paid with virtual money or real currency.

Before I get started, I will share with you the definition of virtual money from the Wikipedia website:

A virtual currency or virtual money has been defined in 2012 by the European Central Bank as "a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community". The US Department of Treasury in 2013 defined it more tersely as "a medium of exchange that operates like a currency in some environments, but does not have all the attributes of real currency". The key attribute a virtual currency does not have according to these definitions, is the status as legal tender.

As you can see from the definition above, it is not considered real currency.  In my opinion when a company decides to pay their distributors or affiliates this way, they are telling you how to spend the money you have earned. They will tell you that you can spend your money on sites they have selected. Think about this, isn't this controlling? You earned the money, why should they tell you where and how you can spend it.

Is this right?

My answer and my belief is, it's not alright to do this. YOU should have the right to make the decision if you want to get paid via a check in the mail or Paypal etc. Virtual money should be your option, not forced on people that might not understand how it works and what it is.

Virtual money and Bitcoins are similar. 

First let's examine what is a Bitcoin?  Wikipedia defines it this way:

Bitcoin is the first truly decentralized global currency system, and at the same time the largest virtual currency as of 2014. Trust in the currency is based on the "transaction ledger which is cryptographically verified, and jointly maintained by the currency’s users". The Bitcoin Foundation claims, Bitcoin was "designed to be fully decentralized with miners operating in all countries, and no individual having control over the network", and that Bitcoin is "as virtual as the credit cards and online banking networks people use everyday".

However, the increasing centralization of Bitcoin has become more visible over the years, leading cryptologic researchers to question, if Bitcoin is indeed a decentralized currency. To improve Bitcoin's decentralization, they suggest to encourage fully decentralized mining pools, allow only 1 vote per Bitcoin client, and to increase transparency in decision making.

Virtual money is digital money and Bitcoins is a global currency system. As I understand it, virtual money or digital money (which is not considered currency) is a particular form of currency that is electronically transferred and stored, i.e., distinct from physical, such as coins or banknotes.

Another point to make here about the Bitcoin, it is a GLOBAL currency system and the largest virtual currency as of 2014. There's that word again "Virtual currency." As I previously stated "it is not considered real currency." It doesn't have any real value like real money in your hands. It's only good in select communities where you can spend it. 

When you break it all down, it's just a name change of the same system from virtual money to bitcoins. It still has no value, and they mislead people to believe it has value when it doesn't.

What's a person to do? You have the right to get paid with a good old fashion check in the mail or via Paypal or whatever payment processing you decide to use. Internet and network marketing companies cannot dictate to you on how they will pay you. The whole point in my writing this is to give you something to think about.

I hope that you will think about the information in my post today. When you join a business opportunity and they pay you with virtual money or bitcoins. Your first question to them should be:

Can you send the money I earned in the mail or via Paypal? If they tell you NO, this is the only way they will pay you.

Remember what you have learned in this post and bookmark it for future reference now.

I appreciate you for taking the time to read my post and if you found value,  please share on your favorite social sites so many people can see and read it.

Please leave your comments below and share your thoughts with me on my post.

Make it a prosperous day.

Terri Pattio
MLM Coach
Mentor with a servant's heart

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Have a question about internet or network marketing? You can contact me by simply sending me a message and I will respond within 12 to 24 hours.

MLM Training - Some Will, Some Won't, So What, Who's Next?

Hello and welcome to my blog site. Today you will learn how to build your internet or network marketing business the right way. If you expect success in your business then my advice to you is to LISTEN to what I am saying to you.

The most important thing  you can do for your business is to connect with people and get to know them. Relationships is the key to success in business (online and offline).


Folks you must get this inside your mind. If you don't establish a connection with people you come in contact with and listen when they speak to you. You might end up wasting a lot of time on people that are not interested and they will not buy from you or join you in your business.

This is why I say, "Some will, some won't, so what, who's next? "

You want to spend your time on people who get it. The people who are negative and spend their time complaining don't have the desire to change.  Get away from those people quickly because misery loves company and they will take away your power if you continue to listen to them complain. Therefore it is very important that you LISTEN, LISTEN, LISTEN when you are talking with people,
so you will know if you want to pursue a relationship with them.  The phrase above I shared with you is one to keep in your mind at all times.

It's a true statement because some people are born quitters, they will quit on themselves at the first obstacle they come up against. This is who they are and most likely will never change and this is why you must identify these people and don't waste your time on them because they will quit on themselves and that's the bottom line.

"Winners never quit and quitters never win" 

The winners you will know because they will express there desire to:


1. Make a change in their life.

2. Earn more money.

3. Retire one day and have financial freedom.

4. Quit working on the J.O.B.

5. They will show an interest by communicating and listening to what you are saying.

This is why I say if you want people to listen to what you have to say, it begins with you. Since you have the solution to their problem, it is vital that you listen to make sure you have an interested prospect that wants to get to know you. When you take the time to work on your relationship with them, the time will come when they will ask you how you are earning money in your internet or network marketing business. 

This is how you will build a huge team and earn residual income and have financial freedom plus you will be able to retire one day.

This is the world of  business whether it be online or offline (network marketing or a traditional business). This is how it works and when you follow the advice I have shared with you above, your business will soar and your income will increase too. Residual income is what you want. This is how you will be able to retire one day by working together with your team of like-minded, positive friends that will be with you forever.  It's all because you took the time to get to know them first and understand their wants, needs and desires.

I am offering you Free MLM Training to those who sign up at my website below:

FREE MLM Training and Home Business Mentoring

                                 

Terri Pattio
MLM Coach
Mentor with a servant's heart

Domain Names - The Benefits Of Using Winning Domain Names Service

Welcome to Winning Domain Names. This is a service for internet and network marketers, business professionals and on the job people who want to make their lives better. In order to use the internet to market a business you must do it right. Unfortunately there are many, many people who are doing it all wrong because they don't know what to do.

There is an order to what you do on the internet. At the beginning, it is critical to BRAND your name by having a website that represents YOU and your product or service. I see too many people that join business opportunities and immediately they start promoting by using a splash page that has been provided to them by the company, and they never think about branding their name. Folks branding is a must on the internet. A splash page is a replicated website that brands your company not YOU. At Winning Domain Names every thing we do is for YOU to build a presence online.

Branding,  Branding, Branding!

This is what Winning Domain Names will do for you: we work for a reasonable price by finding domain names in your niche. We have a database of domain names already registered in various niches and you can check them out at any time. If you see a domain name in our database that you like then contact us at the link below and we can proceed to the next step.

The next step is helping you set up your website. The price that you pay includes registration of domain name(s), consultation with a qualified professional, assistance with setting up your website and email account.

At Winning Domain Names, our TOP PRIORITY is to make sure that our customers is completely satisfied with the services we provide. What makes us different is that we have domain names already registered. We have done the domain names search in various niches.

Now if you do not see something you like in our database, just contact us and we will do the domain names search in your niche after an evaluation with you. We will contact you with additional domain names within 48 hours. This is our promise because we want to make you famous to give you the correct branding for your online success.

We're waiting to hear from you ===>  Domain Names

Terri Pattio ~ Founder
Carolyn Almennigen ~ Partner