Tiz Gambacorta

Author Archives: Tiz Gambacorta

Tiz managed a $750m derivatives portfolio by age 22 as an FCA-regulated trader. After being promoted the youngest Vice President in the trading division of Barclays Bank headquarters in London UK, he realized there was more to life than working for "the man". He went on to build, scale and sell five separate, six-figure a year digital publishing and education businesses. He then merged his passion for finance and for the internet by co-founding 8020Research.com - the No 1 education organization dedicated to helping people live the life they dream, desire and deserve by leveraging the Internet. After investing $150,000 into his own trading education, he became financially free by the age of 36 and is now on a mission to help 100,000 average people take back control of growing and protecting their wealth by December 31st, 2020. Having traded and served clients at the highest level on Wall Street and in the City of London during some of the worst terrorist attacks that shook the markets gives him a first-hand understanding on how to profit from rising and falling markets. His high net worth private clients regularly pay him in excess of $50,000/year for his insights.

How To Get Higher Email Open Rates

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How to Invest in Bitcoin & Crypto Currencies FAST Part III

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Step 3: How to setup your portfolio

That’s what we’ve done so far. We’ve purchased Bitcoin through Coinbase in this example and then we have kept it in Coinbase itself in the sense that Coinbase also doubles as an online wallet. And that’s where you want to stop if you just want to buy and hold Bitcoin. End of story. Nothing else to do. You can if you want, take that Bitcoin out of Coinbase and send it into another wallet. You could decide to send to your mobile wallet, to your hardware or cold storage wallet etc.

What if you now also want to start investing in other cryptocurrencies? You want to hold Bitcoins possibly and also Altcoins. Altcoins are other cryptocurrencies. Altcoins stand for alternative currencies or alternative coins. The process is pretty much the same. We buy Bitcoins through Coinbase for example, instead of keeping those Bitcoins in either Coinbase as an online wallet or any other type of wallet, we need to send those coins to an exchange.

An exchange is a website where people can exchange coins for one another. What you would do for example is you would open an account with an exchange say Bittrex, and by the way, I may in the future record some step by step video tutorials on how to open an account with Coinbase for example with Bittrex with a number of other platforms and exchanges. Let me know that that is something you’d be interested in so I can make sure it’s prioritized and it gets done as soon as possible.

With that said, you would open an account with an exchange say Bittrex and then we need to transfer the Bitcoin that you have in Coinbase to Bittrex. Why? Because we need to exchange, if you want to buy Altcoins other cryptocurrencies, we need to exchange some of that Bitcoin or all of it to other cryptocurrencies.

How do we get our Bitcoin from Coinbase to Bittrex? As you open an account with Bittrex, they will give you automatically a public key. A public wallet address or ID. In the same way that you have a public wallet ID with Coinbase, you would have a public wallet ID with Bittrex for example. You take that, you copy it, you go back to Coinbase and you tell Coinbase to send however many Bitcoin you want to send out, you tell them “I want you to send this many Bitcoins to this wallet ID”.

Like I said before, make sure double check the first couple of characters, the last couple of characters in that way you would’ve moved some or all of the Bitcoins from Coinbase to Bittrex.

Once that is done, then within Bittrex, you can start exchanging Bitcoins to other cryptocurrencies. Important thing to know here is that to purchase pretty much any other Altcoin, you need to go through Bitcoin first. You need to convert Fiat currency say dollars, euros, pounds etc. into Bitcoin and then convert that Bitcoin into whichever another Altcoin you want to purchase. In some cases, you can go through Ethereum or other "major coins", so you would exchange dollar, euros, pounds whichever fiat currency into ether and then into other altcoins.

In the vast majority of times the main currency of reference when it comes to cryptocurrencies is Bitcoin, so chances are that you will want or it will be more cost efficient for you to go through Bitcoin first. If you just want to buy and hold bitcoins, you buy and hold bitcoin and that’s the end of it.

If you want to also invest in other cryptocurrencies, which I highly encourage you to because there are some incredible opportunities there, then we need to move that Bitcoin into an exchange so you can start trading those currencies.

There are also incredible opportunities with Altcoins.

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If you liked what you learned, if you learned something new, make sure to subscribe to my social media channels so that I know that you’re really interested in hearing more about these specific topics.

Investing in Bitcoin is a huge opportunity…It just is too big to be ignored.

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Cryptos are a huge opportunity that is just too big to be ignored. I wish you the very best of luck.

How to Invest in Bitcoin & Crypto Currencies FAST Part II

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Step 2: Buying Bitcoin

Once you’ve got a wallet, how do you get Bitcoin? You can use the same site that I recommended earlier, Coinbase, like I said if you sign up through the link we both get $10as soon as you purchase a hundred dollars or more worth of Bitcoin.

They may ask you to upload documents under a procedure called KYC or know your customer is a fairly standard procedure for any type of financial institution, they will typically require at least a copy of your passport or some type of I.D. It’s just to make sure that they are dealing with who you say you are and to make sure that there’s no money laundering or any other type of illegal activity involved.

Once that’s done, the account is free so you’ve got your free account. Now you’ve got your free account with Coinbase. Next is, how do you go about purchasing the Bitcoins. You can purchase your Bitcoins through a debit or credit card, if you choose to do that then the site will charge you an additional fee which is the fee that the site itself have to pay the credit card company for processing the payment, it’s typically between 3% and 4% or you can do it through a direct bank transfer in which case, either no fees or very little fees. So, you choose a dollar amount or Euro or Pound amount you want to buy, and then immediately you will have purchased the desired amount of Bitcoins.

A Bitcoin price will vary depending on when you’re reading this who knows what the price will be, how high it would have gone. It’s currently very roughly between $6000 and $7000 so that’s 1 Bitcoin.

If you want to but Bitcoin, you don’t have to buy a whole Bitcoin. Bitcoin is a highly fractionable currency so that means you can buy very small fraction of a Bitcoin for just a few bucks.

Bitcoin is a highly fractionable currency.

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Don’t let the big Bitcoin price scare you, it’s not like for example, if you’re buying Amazon or Google shares, that take or give thousand dollar stocks or you need to have at least a thousand dollars to buy at least 1 share of the company. With Bitcoin you can buy very small fractions.

One more important thing is to check, double check, triple check the address. Coinbase will give you a public address a series of letter and numbers they may not make a lot of sense initially. Whenever you use this, make sure to copy paste it and make sure that you check that it’s the right address. If you’re sending money to the wrong address, that’s it there’s no way of getting that money back, you’ve lost money. There’s no way of getting that money back.

A quick hack that I use is obviously these are very long numbers and it’s very difficult to check everything, but at least check the first couple of letters or numbers and the last couple of letters. If you want to invest in Bitcoin, that’s as far as it goes. You’ve purchased a certain amount of Bitcoins, and then whenever you think is a good time to sell maybe because the price has gone up, then you just follow the same process.

You go on Coinbase, you sell Bitcoin and then Coinbase will convert those Bitcoins into dollars, euros or pounds or whatever you tell them to, and then you can withdraw that money to your bank account or sometimes also to your credit card.

🔥 How to Start a Wildly Successful Online Business

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► How to start a wildly successful online business, the 5 keys why most online businesses fail and how to fix them

► Featured link: http://amk.8020research.com

💪 How to Write Killer Headlines that Sell (E.C.O. Formula)

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► How to write headlines for emails, email subject lines, webinars, landing pages - my proprietary E. C. O. formula

► Featured link: http://amk.8020research.com

What is Bitcoin and Bitcoin Investing?

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For all the crypto rookies out there, here is a tutorial on how Bitcoin works. By reading this blog, you will quickly and effortlessly understand how Bitcoins are created and I bet that you’ll agree that this is the simplest explanation of Bitcoin you’d ever see.  The concept of Bitcoin can be tricky at first. So, to help you understand, let me show you a short story.

Imagine there are two people in the countryside. Let’s call them Mark and Mary. Mary has pineapple, and she wants to give it to Mark, who has zero pineapples. After Mary gives the pineapple to Mark, she now has zero pineapples, and Mark has one pineapple, which he stores inside his little brown bag.

And we know this because we can physically observe the transaction. It’s almost as if we can physically touch the pineapple as if we were standing with them there in the countryside. There’s only one pineapple here, not two, not three. You can’t just pull pineapples out of thin air. This type of in-person exchange is something we can all understand, right?

Let’s take a step back, and ask ourselves, what happens if Mary gave Mark one digital pineapple? How does he know that he’ll be the only owner of it? Because it’s a digital pineapple, how does he know that Mary didn’t make ten copies of that pineapple and she gave copies to other people as well?

This could be a problem because (a) Mark could not be sure that his digital pineapple is the real one instead of a copy and (b) if there were more than one real pineapple around, say, the value of that pineapple would drop after a greater supply, basic supply, and demand kicks in here.

One solution would be to bring in a third party to keep track of the transaction on a ledger. Let’s call this person, Mr. Green, the accountant. He could write down on his ledger that Mary gave Mark one digital pineapple, which is stored in his brown bag.

So, that way someone is keeping track. This solution has a major drawback because Mr. Green, the accountant could also manipulate his ledger and just create more entries. Therefore, creating fake pineapples as well.

There is no trust in this scenario cause whilst it solves the trust issue in relation to Mary and Mark, the integrity or trust in the system relies on a single entity, Mr. Green, the accountant. 

​Trust issues can get in the way of every single transaction... not with cryptocurrencies.

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So, this solution doesn’t work but what if there were ten accountants in charge of keeping track of the transaction, what if all ten had copies of the exact same ledger? Now we are getting somewhere, but there is an even better solution.

Instead of just ten accountants observing the transaction in the beautiful countryside with Mary and Mark, what if there were thousands of them? A huge network of people who all have a copy of the same ledger that keeps track of every single pineapple transaction? At a simplified level, that is exactly how Bitcoin works.

Let me explain, Bitcoin is kind of like the pineapple in our example with the difference that unlike a pineapple, every Bitcoin has a unique identifying code to it. That said though, even though each one is unique, any Bitcoin is interchangeable with any other Bitcoin.

The little brown bag that Mark used to store his pineapple is called a digital wallet for Bitcoin. And just like the real wallet, every wallet belongs to its owner. 

The accountants spread across the world are called miners and the common shared ledger that all the miners have copies of is called the Blockchain. So, why would the accountant or miners have any interest in participating in a Blockchain network?

Well, by offering to verify third-party transactions, they can also mine Bitcoins. By using their computers, to solve highly complex mathematical equations, they can create or mine Bitcoins, which of course increase the value of their respective wallets.

It’s important to note that unlike traditional currency which can be forced and which any central bank can decide to print more of at will, this is the only way that new Bitcoins can be created.

Furthermore, there’s a maximum amount of Bitcoins that can be created, which again is not the case for traditional currency, where there is no maximum amount of money central banks can ever print, which has caused periods of very high inflation in history.

As more and more Bitcoins are mined, the mathematical problems to be solved become increasingly difficult, which means that year after year it becomes more and more difficult to mine Bitcoins.

And, therefore fewer and fewer Bitcoins are being created. All of these contributes to reducing supply for Bitcoins whilst demand and usage is likely to increase. All of which in turn contributing to Bitcoin prices rising.

It’s estimated that all 21 million Bitcoins that can ever be created would be mined by the year 2140.

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It’s estimated that all 21 million Bitcoins that can ever be created would be mined by the year 2140. After that, Bitcoin miners will still have an incentive to verify transactions in the Blockchain by charging transaction fees.

So, that’s it, this is a very quick and very high-level explanation of how Bitcoin works. For day-to-day use of Bitcoin, really there isn’t much else you need to know but if you are looking to invest and profit from Bitcoin, make sure to check the links at the bottom of this video.

If you enjoyed this explanation, learned something new or had a good time with the Mark and Mary story, make sure to subscribe to my social media channels and download my free cryptocurrencies decrypted report and get access to a bunch of other cool bonuses.

Tiz Gambacorta Interviews Nick James From Seriously Fun Business

Growth and revolution in strategy have indeed been alongside any line of business. And one of the strategies that you can use as you start your business, is by hosting live events.

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Let me share the meaningful thoughts about hosting live events from Nick James as he shared his story on how hosting events made a significant difference to his business.

Nick James got into hosting events from a very young age. He has always been around events as he worked for an events company. That was his first proper job in sales. Then, he started a business doing one-to-one work, consulting with clients, selling time for money, which was fine for a time until he realized that he hit the ceiling and that model is a little bit flawed, hence when he started getting into his own events. Of course, as soon as he started running his own events, his profile increased. He attracted more clients towards him. He also had a better capacity to serve more people at a time and generate larger income from my business.

If asked, if he would recommend to include events right away as part of their sales and marketing strategy, he thinks that it depends largely what business you're in. He believes that if you're the only person in your business that can do all the selling, all the marketing, the delivery, then you're going to reach a point where you reach maximum capacity and the business can't continue to grow.

Run your own events. Build credibility and authority.

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He thinks that one should look to build a one-to-many solution into their business plan. You might be just starting out, you look to do events to rapidly build your credibility and authority, but in most cases, when you're starting a business, go out and get some customer. 

Go out and get some clients and then from there, you might look to scale by using a one-to-many strategy like small workshops.

In his first event, they had eight people in the room in 2009. According to Nick, it doesn't need to be hundreds or thousands of people in the room in order to have a successful and profitable event. He thinks everyone has to start somewhere.

His advice is to start small, grow gradually, and scale it, rather than trying to do your first event with a thousand people in the room as it's highly risky. They've been talking at their boot camp about the financial model of really successful events and he thinks if you try and do too much too soon, then it's highly risky and you could end up losing your shirt if you're not careful.

The smartest moves to kick start your business... Start small, Grow gradually, Scale it.

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Well, that is a valid one, I would say. Essentially, a smarter move is, if you're just getting started, start small, get some customers through the door, validate the concept, and then maybe consider doing small events. Now, if you have an established business, maybe you've got a small sales team, or you're doing the sales yourself. How can you leverage events?

Leverage events to bring in more customers and scale your business.

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He thinks with most businesses, let's say you've got an established business with a sales team. The one thing that your sales team are going to be is on your case is about getting more leads and better quality leads. So, for him, events are great front-end strategy to bring leads in. 

If somebody registers for a one-day free event, for example, and they attend that free event, even if they don't buy, they're an extremely warm lead. It's not a cold call, it's not someone that's got no interest. Even if they registered for the event and didn't even attend it, it's still a warm lead because they said yeah, "I wanna spend a day, a few hours, a couple of days, whatever it is, learning from you at this event." Even if they didn't show up, that's still a warmer lead than just handing out cold calls, which salespeople hate doing. You can also consider events as a front-end strategy to warm people up.

When we talk about events, it could be online or offline events. Of course, most people think about live workshops in person, but you can test out with a live online event like a webinar or online training, which is a great way to get an influx of leads. You're usually not sitting down analyzing strategies that you can then convert into customers after the fact.

So, is it fair to say that events, by themselves, have an element of scarcity and uniqueness as pretty much any man and his dog can set up a website, but a lot fewer people actually do events?

Nick believes so as most businesses have a website of some description. Not all, but most. Few businesses run events.

He says the events market now, as we sit here today, is far most saturated then it was maybe five or ten years ago, and it's getting more and more competitive. That's why you need to make sure that if you're going to run an event, it should truly stand out and unique and different.

Running an event should be something genuinely unique and should truly stand out.

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If you run an event, give people something they can't get anywhere else.

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You're doing things that have never done before. It's not just another business growth event. It's not just another personal development event. It's something that genuinely is unique, different and is going to give somebody something they can't get anywhere else.

There are also some business models that events would not be fit for. However, he thinks you'd be surprised at how wide the application of an event model can be. If you think about it, anyone that works B2C, like gyms stuff, instead of doing one-to-one personal training, or even group personal training, which technically is an event, they do live events to do education first. And then they sell into showing the client's how you implement by working with us either as PT clients, one-to-one or in groups, so using events there for B2C businesses.

Most of their clients are B2B in a service-based business. Those that are working with corporate can do events outside as public events. They can do events inside the corporate, in-house training. He doesn't think there are many businesses that you can't find an event model because still 100% any business needs to make sales, and it's better to leverage if your part as the business owner is to make sales to multiple people all at once than have to go and meet with every single potential client to get them on board. Even then, if it's just sale function, if you just made your sales function wider reach and more effective then it's going to work.

With my interview with Nick, I’ve also been fortunate to know the three things that he wished he had known before getting started in the events business? Let me share it to you down below.

1. He wished somebody had taught him how to run the financials of a business. He studied business studies in university and quite frankly learned how to go and work for a big company. He wishes somebody would have taught him the power of knowing the numbers and being able to run a business financially. That would allow him to scale a lot quicker.

2. He wishes somebody would've taught him how to sell. He was very fortunate that his first mentor, Andy Harrington took him under his wing and trained him in sales. Nick used to work for Andy Harrington's company when he started out. He thinks one skill is the most important skill you can learn as a business owner because that's what's going to get you started, the ability to have a conversation with somebody and get them over the line, get them closed, get them to say yes and give you money. 

3. What he probably didn't realize at the time, when he started ten years ago, was how big things could get when you get those first two things right, over a prolonged period. Tony Robbins has this great phrase which is that "Most people dramatically overestimate what they can achieve in a year, but underestimate what they can achieve in 10". Nick thinks he was one of those. He was feeling the first year he is going to make £100,000 in the first year and he got nowhere near that. He could never have imagined that ten years later.

Researching and investing on strategies are indeed a vital part of any kind of business and hosting an event can truly help you scale your business as businesses are built on strong relationships that could flow when you host live events. You can build credibility and authority to your target market, your brand will have more visibility, you can share your valuable content and maximize the potential of your business.

How to Invest in Bitcoin & Crypto Currencies FAST

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Invest in Bitcoin and Cryptocurrency. Start profiting from this huge opportunity.

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If you’re wondering what’s going on with Bitcoin and cryptocurrencies and how you can make money from it, you are in the right place

If you don’t want to risk too much but still getting early and can have piece of the action, make sure to read this blog ‘till the very end because I’m going to show you how to invest in Bitcoin and cryptocurrencies fast. I’m also going to show you how to set up a simple Bitcoin portfolio with as little as a couple of hundred dollars.

So, let’s dive right into it because I want to show you how you can start profiting from this huge opportunity as soon as tonight.

First things first, here’s what you need…

You need a couple of hundred dollars or more ideally. You will also need a wallet. And this is not a wallet in the traditional sense, I’ll explain this later.

Next, you need an exchange account. You only need this if you’re planning to make investments in coins in currencies other than Bitcoin. If you’re just planning to buy Bitcoin, you don’t need number an exchange account.

Step 1: Wallet

You have to get a wallet. What’s a wallet? A digital wallet is a similar concept to a wallet in real life so to speak. It’s a device where you’re holding your money, your currencies. 

​Safeguard your cryptos...
Get a digital wallet!

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And so you have a number of digital wallets. There are virtual digital wallets and then there are hardware based or you know, physical material digital wallets and I’ll explain in a second.

The first type is desktop wallets. This is a piece of software that you install on you computer on your Mac, laptop whatever, and it will contain your Bitcoin and your other currencies. It will have a number of secret keys, I’m not going to go into too much detail now, and essentially, it’s like having money on your desktop. It’s a piece of software. And you can also take this piece of software back it up and then move that money from one device from one computer to another for example.

You also have online wallets. And, what online wallets are is essentially you have some login credentials so username and a password onto a website. There’s nothing that you have to download or install on your computer and you logon to the website and you’re money is stored there. The most popular of these online wallets, and they are free by the way, is Coinbase. You can go to https://8020research.com/cb for Coinbase and that will take you to the Coinbase website. If you open an account through that link and you buy at least a hundred dollars’ worth of Bitcoin or about £75, then Coinbase will credit you and us with an extra 10 dollars’ worth of free Bitcoin.

The online wallets are essentially cloud based wallets where you store your money and you can access your wallet from anywhere you have an internet connection. There are mobile wallets. This is an app, it’s a piece of software that you install on your mobile device and that stores your money. It’s the same thing as a desktop wallet except that instead of installing a piece of software on your computer, you are installing a piece of software an app, on your mobile device.

Then there are hardware or “cold” wallets. These look very similar to a USB key, and your coins. Your Bitcoins, your cryptocurrency is stored on that physical piece of hardware. Think of it as a USB key. The advantage of this type of wallet is that it cannot be hacked. In theory, a virus could hack into your computer, onto your mobile device and steal your Bitcoin, your currencies. In theory, someone could hack into these online wallets and steal Bitcoin. With hardware wallets, you physically need to have that piece of hardware, that physical object to be able to access your money. In that respect they are very safe.

Now the flipside of that, unless you take a very specific precautionary measures, people could also steal your hardware or your cold wallet in the same way that if you have a lot of money stored into a suitcase at home for example in theory someone, a thief can steal pile of cash from you.

And finally there are paper wallets. These are perhaps the most old school and I definitely wouldn’t recommend paper wallets. It pretty much involves you writing your private key onto a physical piece of paper. So let’s kind of take a step back here, essentially in the cryptocurrency world, your wallet is not identified by your name and an account number and some kind of routing or sort code, that’s how banks work. You have a name, an account number and some type of routing or sort code number and that’s how someone can send you money. When it comes to Bitcoin and cryptocurrencies, there’s none of that. All there is, is one public receiving key.

What is the public key? It’s a very long series of unrelated letters and numbers and that identified your wallet. So whoever has access to that key, is able to send money to that wallet. And, no one really knows who that key belongs to. And most importantly, in order for you to access that money, you need to have a private key that allows you to access the wallet. So that public key is what people use to send money to the wallet, the private key is what only you know and you use that to take money out of the wallet and send it elsewhere for example.

Or you could do, in theory, is take the private key and physically write it on a piece of paper and whoever has access to that piece of paper has access to the wallet and has access to the full funds. A very important distinction here is that in the normal fiat currency and banking world, if you lose your bank account number and details, you could walk into a bank and say, “here’s my ID, here’s my proof of who I am, give me access to that money.” So the bank will identify you as the legitimate owner of that bank account and give you access to it.

When it comes to Bitcoin and cryptocurrencies, there’s no such concept, so, if you lose the private key which is what gives you access to the wallet to do transactions on it to take money out, if you lose that private key, then you have lost your money, you’ve lost your wallet, there’s no one or no institution you can go to and say “Hey, my name is Joe Smith, that wallet is mine, give me access to it.” So that’s very important.

Step 2: Buying Bitcoin

Once you’ve got a wallet, how do you get Bitcoin? You can use the same site that I recommended earlier, Coinbase, like I said if you sign up through the link we both get $10 as soon as you purchase a hundred dollars or more worth of Bitcoin.

They may ask you to upload documents under a procedure called KYC or know your customer is a fairly standard procedure for any type of financial institution, they will typically require at least a copy of your passport or some type of I.D. It’s just to make sure that they are dealing with who you say you are and to make sure that there’s no money laundering or any other type of illegal activity involved.

Once that’s done, the account is free so you’ve got your free account. Now you’ve got your free account with Coinbase. Next is, how do you go about purchasing the Bitcoins. You can purchase your Bitcoins through a debit or credit card, if you choose to do that then the site will charge you an additional fee which is the fee that the site itself have to pay the credit card company for processing the payment, it’s typically between 3% and 4% or your can do it through a direct bank transfer in which case, either no fees or very little fees. So you choose a dollar amount or Euro or Pound amount you want to buy, and then immediately you will have purchased the desired amount of Bitcoins.

A Bitcoin price will vary depending on when you’re reading this who knows what the price will be, how high it would have gone. It’s currently very roughly between $6000 and $7000 so that’s 1 Bitcoin.

If you want to but Bitcoin, you don’t have to buy a whole Bitcoin. Bitcoin is a highly fractionable currency so that means you can buy very small fraction of a Bitcoin for just a few bucks. Don’t let the big Bitcoin price scare you, it’s not like for example, if you’re buying Amazon or Google shares, that take or give thousand dollar stocks or you need to have at least a thousand dollars to buy at least 1 share of the company. With Bitcoin you can buy very small fractions.

One more important thing is to check, double check, triple check the address. Coinbase will give you a public address a series of letter and numbers they may not make a lot of sense initially. Whenever you use this, make sure to copy paste it and make sure that you check that it’s the right address. If you’re sending money to the wrong address, that’s it there’s no way of getting that money back, you’ve lost money. There’s no way of getting that money back.

A quick hack that I use is obviously these are very long numbers and it’s very difficult to check everything, but at least check the first couple of letters or numbers and the last couple of letters. If you want to invest in Bitcoin, that’s as far as it goes. You’ve purchased a certain amount of Bitcoins, and then whenever you think is a good time to sell maybe because the price has gone up, then you just follow the same process.

You go on Coinbase, you sell Bitcoin and then Coinbase will convert those Bitcoins into dollars, euros or pounds or whatever you tell them to, and then you can withdraw that money to your bank account or sometimes also to your credit card.

Step 3: Buying Altcoins

That’s what we’ve done so far. We’ve purchased Bitcoin through Coinbase in this example and then we have kept it in Coinbase itself in the sense that Coinbase also doubles as an online wallet. And that’s where you want to stop if you just want to buy and hold Bitcoin. End of story. Nothing else to do. You can if you want, take that Bitcoin out of Coinbase and send it into another wallet. You could decide to send to your mobile wallet, to your hardware or cold storage wallet etc.

What if you now also want to start investing in other cryptocurrencies? You want to hold Bitcoins possibly and also Altcoins. Altcoins are other cryptocurrencies. Altcoins stand for alternative currencies or alternative coins. The process is pretty much the same. We buy Bitcoins through Coinbase for example, instead of keeping those Bitcoins in either Coinbase as an online wallet or any other type of wallet, we need to send those coins to an exchange.

An exchange is a website where people can exchange coins for one another. What you would do for example is you would open an account with an exchange say Bittrex, and by the way, I may in the future record some step by step video tutorials on how to open an account with Coinbase for example with Bittrex with a number of other platforms and exchanges. Let me know that that is something you’d be interested in so I can make sure it’s prioritized and it gets done as soon as possible.

With that said, you would open an account with an exchange say Bittrex and then we need to transfer the Bitcoin that you have in Coinbase to Bittrex. Why? Because we need to exchange, if you want to buy Altcoins other cryptocurrencies, we need to exchange some of that Bitcoin or all  of it to other cryptocurrencies.

How do we get our Bitcoin from Coinbase to Bittrex? As you open an account with Bittrex, they will give you automatically a public key. A public wallet address or ID. In the same way that you have a public wallet ID with Coinbase, you would have a public wallet ID with Bittrex for example. You take that, you copy it, you go back to Coinbase and you tell Coinbase to send however many Bitcoin you want to send out, you tell them “I want you to send this many Bitcoins to this wallet ID”.

Like I said before, make sure double check the first couple of characters, the last couple of characters in that way you would’ve moved some or all of the Bitcoins from Coinbase to Bittrex.

Once that is done, then within Bittrex, you can start exchanging Bitcoins to other cryptocurrencies. Important thing to know here is that to purchase pretty much any other Altcoin, you need to go through Bitcoin first. You need to convert Fiat currency say dollars, euros, pounds etc. into Bitcoin and then convert that Bitcoin into whichever other Altcoin you want to purchase. In some cases you can go through Ethereum or other "major coins", so you would exchange dollar, euros, pounds whichever fiat currency into ether and then into other altcoins.

In the vast majority of times the main currency of reference when it comes to cryptocurrencies is Bitcoin, so chances are that you will want or it will be more cost efficient for you to go through Bitcoin first. If you just want to buy and hold bitcoins, you buy and hold bitcoin and that’s the end of it.

​There are also incredible opportunities with Altcoins.

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If you want to also invest in other cryptocurrencies, which I highly encourage you to because there are some incredible opportunities there, then we need to move that Bitcoin into an exchange so you can start trading those currencies.

If you liked what you learned, if you learned something new, make sure to subscribe to my social media channels so that I know that you’re really interested in hearing more about this specific topics.

Cryptos are a huge opportunity that is just too big to be ignored. I wish you the very best of luck.

Investing in Bitcoin is a huge opportunity...
It just is too big to be ignored.

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The 3 Secrets You Must Know About Starting An Online Business

People ask me all the time, "Hey Tiz, if I want to quit my job, if I want to start my own online business or take my existing business online, what are the top three things I have to know?"

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Let me drill down the Top 3 things that you need to know if you want to start your own business online.

1. Systems & Processes

First of all, what are systems and processes? Well, a system is a technology. That is automation.

Leverage technology to automate your business.

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It's leveraging technology to automate your business. That could be things like websites or CRM or any software that automates any part of your business. On the other hand, processes relate to human resources, to staff. So, what processes and checklists do the staff needs to follow so that your business runs and runs smoothly and profitably?

At the beginning you're not going to have any systems and processes, right? However, what you should aim to do is as soon as you start growing, and by that, you should start thinking about automating your business.

For example, when I started in online marketing six years ago now, the very first thing I did was building an email list, and I was obviously collecting leads. People were going to a website and entering their email address, subscribe to my newsletter in exchange for downloading a free e-Book.

I had systems in place so that the moment that a subscriber accepted he would automatically get a series of emails welcoming him and providing him with value as well as up-selling him some products. That's the systems part. If you already have an existing business then obviusly you can do it too.

Now processes, it's a bit more different. Processes are when you have staff. For example, about six months into the business I did my first product launch. Before that, I was selling other people's products as an affiliate, and that's when kind of things started picking up. When I got very quickly, I think it was around $30,000 a month within the first six months and then we hit $50,000 a month 12 months later.

So, you will need staff, right? The first process I put in place is customer support. I was getting a lot of emails with a lot of questions and comments and testimonials, which was great, but all of that, I put a process in place so that a customer support agent, Judy, she's actually still with me, she was my very first employee and she's still working with me. So, what she had to do is she had to filter those queries.

If you get something that requires a response, how is she going to reply? If she knows the answer, she can immediately respond. If not, she needs to escalate it to the next level up, which at the time was me. That is our process. As you get started, and this is very important, have systems and processes to generate sales as well.

So, how is technology helping you automate your sales process? And that's not necessarily selling. That can include things like, you know, providing content, educating the customer, building authority in the marketplace. Position yourself as an expert or publishing a book, whatever that is, right?

Every time that I would come up with a new piece of content I would record the video, then I would transcribe it, then I would publish it on YouTube, on the blog, on Twitter, on LinkedIn, the whole lot, right? Well, now I'm not doing that anymore. I'm still recording the videos, and by the way, I outsourced that as well at some point, but I found out that it didn't kind of produced some good results and also, I kind of really enjoy this.

I really enjoy bonding with people, so I don't think that's something I won't outsource. As soon as this video is produced, will go to Ann who will take care of reformatting this video, repurposing, editing it, cutting all the silly mistakes that I'll be making. Then she'll be transcribing it and publishing it in a variety of formats.

How do you have systems and processes that get your name out there? That position yourself as an authority? Don't just sell the product. If you provide value, if you provide 10X value, money will flow to you naturally. A good product sells itself

If you provide value, money will flow to you naturally.  

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A good product sells itself.

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Your job is to put yourself out there, to share your content with the world and naturally you know, that value will come back to you many, many times over.

The difference between the "solopreneurs" who are successful and hit that cap versus those who go on to make five, six, and seven and eight figures sometimes a month is systems and processes.

As you get started, and I know it may feel kind of a bit daunting, overwhelming at the beginning, start thinking systems and processes. How can I systematize it? How can I use technology? Whether it's you just you know, building an email list. Well great, how can you automate and systematize that? Or if it is contacting partners or if you're a coach, a consultant or maybe an author, right, how do you attract people to you?

Well, you've done it once, right? You say I don't know, you did a guest blog post on someone else's website. Great. That will work. That will go great results. How can you use technology to automate that? If you cannot use technology, how can use human resources? How can you use staff to build a process around that?

To start to grow your business, the way to do things is typically when there's something to be done, where possible if it's a very high-value task I will do it myself for the first time and then I will outsource it. Then I will figure out how can I leverage technology to automate this task and how can I leverage processes and staff to automate this task, right? Then that gets put into a system, and process kind of roadmap and then that gets passed on to someone else. Then I can move onto building the next part of the business. Systems and processes get outsourced, given to someone else on the team. I move onto the next part and so on and so forth.

So, if you're looking to start a business, establish your system and processes because the reality is that no one became a millionaire as a one-man band.

No one became a millionaire as a one-man band.

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2. Self-education and have a good mentor

The second thing that I believe someone who's looking to start an online business and quit his or her job should know is knowledge and mentors. But this is a very different take a from what others will tell you, from what society will say to you.

Well, pretty much everyone will have gone to school, and some people would have gone to university and college to educate themselves. Well, that is not the knowledge I'm talking about.

If that were the knowledge that I was talking about, you would need. You already have that knowledge, right? You would have already started your business a long time ago, and you would have been insanely successful. Clearly, the knowledge that society is giving us through university, colleges, school, whatever that is, does not work. Otherwise, the world would be full of very successful entrepreneurs and wouldn't be complete, as is the case, of people who are working a nine to five J-O-B, getting frustrated with the daily commute, having to deal with all sorts of unpleasant people and situations, right?

Educate yourself on things that can make you successful.

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The knowledge I'm talking about is education, is self-education. The biggest obstacle between you and success and your goals is, guess what? It's what's in between your two ears. Educate yourself on things that are going to make you successful

The knowledge I'm talking about is education, is self-education. The biggest obstacle between you and success and your goals is, guess what? It's what's in between your two ears. Educate yourself on things that are going to make you successful. And we're going to talk about this later ... whether it's business strategy, creating a product, selling other people's products, or becoming a better coach, becoming a better consultant, whatever that is.

Now, there’s a problem with education which is, time is initially seen as to be an issue, right? So, you proactively choose which mentors you want to learn from, which courses you want to take, but you know, their time is limited. 

Learn how to learn faster.

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How can you consume a lot, a certain amount of education? Well, and again, this is not something that universities teach us. The answer is, learn how to learn faster.

There are techniques like speed reading that allow ... I can now read a book in 15, 20 minutes, right? Prior to that, it would take me two months to read a book. There are ways you can use, and we'll be talking about those at the Internet Income Summit, that you can use to learn and consume content faster.

Now, let me ask you, who is going to be more successful? The entrepreneur, who's gone through one course on the subject area? Let's say you're a coach. Who's learned to be a better coach? Someone who studied one single course or someone who studied 10 courses? Obviously, the guys who studied 10 courses, right? Yet they all have the same amount of time.

So how would your success change, how would your life change, how would your results change, and how would the results change for your clients if you were able to educate yourself 10 times more, 10 times faster? That's something very, very important. Education on its own can become overwhelming, so it's important to have mentors.

A good mentor tells you the things that you don't know.

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What's the difference between mentors and education? Well, education is absorbing knowledge on a specific topic. It's essentially you been told what the coach, the guru, the educator wants you to know or believes that you should know about a specific topic. A mentor is very different. 

A mentor is very different. A mentor is someone who does one of two things or both. Number one, he tells you things that you don't know you don't know, and that's very, very important.

That's where a lot of people get stuck, and that's when people ask you ... I'm constantly hiring mentors and people ask me all the time, "Hey, Tiz, you know, what's the deal? I mean, why do you want to work with me as a mentor?" And sometimes I have particular objectives, and sometimes I just say, "Look, I don't know what I don't know. I need you to look at my business, my circumstances, look at what I'm doing, and say, and tell me things that I should be doing that I don't know. That I don't know I don't know."

So, essentially ... the second thing that a mentor will do is he will answer your questions and he will give you specific answers to your specific problems in your circumstances. So, in that respect, that's very useful because a course is something specific to a topic, whereas a mentor can help you break through and get to the next level, given your specific circumstances, resources, mindset, business, et cetera.

Now, and this is something that people often miss, is that you have to give the mentor leeway, there may be questions that you should be asking, but that you don't know you should even be asking in the first place, which is why, again, it's important to just share this with the mentors and say, "Look, open book, this is where I am now," and I do this a lot with my students and I'll be doing a few hot seats at the Internet Income Summit, and I'll do this with my students, right? I say, "Well, tell me what you're doing now, where do you want to be, and then ask me questions or just let me share with you what I think may get you there in the fastest way, which you may not even be aware of."

One of the best ways of learning, of internalizing something, is to teach it with others. Not only ... It helps make the world a better place. It helps a lot of people, and for once, I wouldn't be here if it wasn't for someone who had gone to great lengths to educate himself, hire mentors, learn, implement, and then teach it to me.

One of the best ways of LEARNING and INTERNALIZE something is to TEACH  it to others.

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Whatever you learn, no matter how simple it is, some people don't know it. SHARE IT with others so that others can also benefit.

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Whatever you learn, no matter how simple, how silly, there are people who don't know it, right? And I feel it's my duty to share this with others so that others can also benefit from this. The thing with the university and the college system is that they've told us that, hey, once you finish college or university.

Even if you did advanced degrees, even if you have a Master's, a PhD, or have two masters, whatever, right? They tell you-you're done. You know everything that needs to be done, that ... You know everything that needs to be known.

That is not true. If anything, that's when the learning really becomes, because what they teach us at college and university is just not relevant in the business of ... Well, in the world of entrepreneurship.

3. Monetization path

And the third thing when it comes to starting alone in business that I think you absolutely, absolutely must know is, what is the monetization path? How are you going to make money? 

It's not just about great ideas, and it's not just about helping others, the business also needs to be able to earn money.

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Big & Great IDEAS are flawed if not properly marketed.

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It's not just about having a great idea. It's not just about helping others, but also, others need to able to be, like I say, voting with their wallet for what you're doing for them, the product or service that you're selling to them.

The concept of building it and how they will come is completely flawed. There are having so many examples out there of great ideas that just either were not appropriately marketebecause the founders didn't have the knowledge, the know-how

Or the founders didn't have the education to run the business.

Now, if you're selling a service, that's great. For example, when I used to be very heavily involved in the launch of DVFX email marketing agency, that was a service-based business. One of the challenges that we had is that it wasn't scalable. The products were very high quality, were done for the email campaigns for a huge company like Decker's and very kind of Fortune 500-type companies. And the problem is it wasn't scalable. It was email copywriting, and it takes five to ten years to train a high-quality copywriter to that standard. So, it's very difficult to scale.

There are benefits to selling services. For example, if you sell a service you can usually charge significantly more than a product, and therefore, if you're just getting started with your online business, then that's a great way of generating, easily, four, five figures a month. Just by getting started by selling your service. And then of course, you start with a service, and you can migrate into a product, or you can start selling a product directly.

Actually, that's how I started. I started selling first other people's products, so all I had to do was build a list. That was fantastic. I don't have to do any of the product development, the support, nothing. And then I would get paid a commission. And as I got better and better at it, I started having my own product. And obviously you make more money, it's also more work.

Have a very clear idea of how you're going to monetize. In my case, initially, my monetization method was, have an email list, promote them interesting products, products that they want to buy. And that worked very, very well. In your case, it may be giving out a service or whatever it is.

For example, if you look a lot of the YouTube vloggers these days, obviously you can watch TV, it's on YouTube for free. But what's the monetization method? Well, they're making ads for sponsorships and adverts on YouTube and so on, so forth, and on their blog. Have a very clear path to your monetization method.

Now, does it need to be perfect?

No. Right? Chances are that your idea of what may work, actually doesn't work, but you may find, going through that process, that something else works. We don't know at the outset what will work, however, start with a good educated guess.

And again, that's why it's important to have mentors. Because they can kind of take their years of experience, listen to your idea, and in a split second, give you not only a logical, but an intuitive decision, a gut feel, for whether they think that's going to work or not.

Is that a guarantee that it's going to work or not work? No. But it's many years of intuition and experience compressed into one, and it's just an extra piece of information that will help you make that educated decision on how to start. And then always aim for the first sale.

My first sale was like $45. It wasn't anything. However, that's super, super important. The moment you have your first sale you know that you're on the right track. You know that you have something that people are willing to pay for. And once you have that, then it's just a matter of scaling up. 

Once you got your FIRST SALE, you know that you're on the RIGHT TRACK.

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You’ve got the first sale, the first few sales. Again, the amount doesn't matter. What matters is that you've made you're first sale, that your proof of concept of whatever it is that you're doing works.

For example, in my case, it was the first sale of a currency trading product, of a Forex product, through my email list. Why was that so important? Because now I knew that the process that I had in place, build an email list, promote other people's product, and worked.

And then, and again, I'll be talking about all this in great detail, step by step, how to build an email list, how to choose which products to promote, how to develop your own product, how to sell your own product. We'll be touching on operation as well.

But anyway, very briefly, then from that point on ... And this is something I will be talking about in the second day, specifically, at the Internet Income Summit  is, how do you scale up? You've made one sale, you've made a few sales. How do you make a thousand sales?

Use systems & processes to scale your business

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Now it's a very different conversation. Actually, it's a lot more fun, I think, in terms of well, okay, how do I do these 10X? And it's not just, like people say, "Oh, well. You just grow your business 10X, you just spend 10 times more on advertising and that's that." No. That's not true.

There are scale problems. What gets you from 0 to 10 is not what gets you from 10 to 100. It's not just doing 10X, right? So, the question then becomes of, how do you put ... again, systems and processes. Right?

There will be challenges, and again, that's the importance of having a mentor who's been there, done that before. But, however, all of these centers around having that monetization method. 

Challenges will always be there... that's why you need MENTORS.

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How are you going to make money? If you know how you're going to make money, you have a path and something will come out of it.

Either you start your business, you have a certain monetization path, you know that whatever that path is, turns out it works, happy days. Or if not, at least you're testing something. You're getting a negative result, right? And you can go in a different direction but one way or the other, you still have a result.

So, it's very important, again, when you're starting an online business, to know these three main things. Super, super, super important. Number one, systems and processes since the outset. You cannot, right? No one becomes a millionaire or a multimillionaire on his own, or her own. Doesn't happen, right? Since the very outset, especially at the outset where maybe it's only you or you and your partner, you don't have a lot of time and money, right? Very, very important, systems and processes. How can I leverage those, right, so that the business grows without me?

Number two, and that again, super important. I cannot stress it enough. Here in my notes, I've got it in big, bold, is knowledge and mentors. How are you educating yourself? Are you going to continue to invest in yourself, to hang out with people who've achieved the results you want to achieve, or even your peers, right? And that is very important, and also mentors. Mentors are more expensive, but it can give that shortcut. A mentor can save you ... It happens to me all the time, one, two years of my life. How much is that worth, right? So yes, mentors are expensive, by they're worth every penny. And finally, the monetization path. You need to have a very clear idea of how it is exactly that you're going to make money.

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