Tuesday, August 8, 2017

Shhhh... business is going on!

Greetings, Agent of the Digital World!

Hope your summer has been filled with family, fun, unhealthy food (hot dogs, potato salad!), and all manner of AWESOME delights.

Ours is winding down -- it has been great -- and believe me, we have been grateful every day for a nwm biz that allows us to take time off for making memories with loved ones and does not penalize us for that luxury.

But don't think that things haven't been going on under the surface!

That's the amazing thing about DW -- some of the BIGGEST things happen with the lease fanfare and noise.
Because DW is not a fanfare/noise business:  it is A BUSINESS business and for a lot of us, that is exactly right!

So keep up to date with DW through your interface and especially the most recent video interview of our new processor:  that is a great motivator to get out and do something BIG and QUIET!

Shhhh... business is going on!


Have a blessed day as your summer draws to a close and a profitable fall starts,

Barb


Wednesday, July 26, 2017

There is a hot new breakthrough that you have to hear about!

Greetings, DW Agents!

As we are all learning from being in this incredible industry, 'the times they are a'changing'!  Daily.  Sometimes almost hourly.

There is change in technology.  In methods of exchanging payments.  Mediums of payments.  And also in what we are paying for!

One massive change is currently underway in the matter of hemp products.  The efficacy of medical marijuana, Cannabidiol, and hemp oil on a wide array of medical or physical issues and ongoing studies which document those benefits, means that public demand has pushed the industry to the forefront.  Below is a document (from the Documents section of your interface) which is created by DW for your LinkedIn use:  you can personalize and post.

But we recommend you read it here:  it is quite informative!  And motivational, don't you think?!
POST:  Marijuana Dispensaries & CBD Oil

There is a hot new breakthrough that you have to hear about! This is producing massive amounts of leads here on LinkedIn. 

CBD oil & marijuana dispensaries have a very hard time finding credit card processing. We set them up and get paid BIG monthly residuals! Interested?

Follow-up letter:
Hello  (Name)
I just wanted to say thank you for connecting! I also wanted to tell you more about this ground breaking business opportunity. I’ve stumbled across a lucrative niche market in the marijuana and CBD oil industries.
As I mentioned in my previous message, these companies have a very hard time setting up their credit card processing accounts. Most of them do not have merchant services today. We are one of the only processors available to setup their merchant account without complications, which has made it incredibly easy to produce hot leads! 
We’ve done some testing on LinkedIn just connecting and sending letters like this one and have had fantastic success. Once you get one account, you’re almost guaranteed to get referrals!
Legal cannabis is one of the world's fastest growing market sectors. Colorado has more dispensaries than McDonalds, Starbucks, and 7-Elevens combined and the number keeps growing.
With that in mind, remember that 7 states JUST legalized marijuana after the last election. This means that there is a HUGE demand for new dispensaries, and with that comes a HUGE demand for credit card processing! They aren’t calling this the “green rush” for nothing!
But here’s where it gets interesting. 
Commissions for MJ, MMJ, and CBD are much higher than
normal accounts. You can make 0.4% of the amount a merchant processes. So for a company processing $100,000 monthly, you’ll make at least $400 monthly. That’s every month for as long as they use our processing. If you set up just 1 account that size a month for a year -- 12 accounts -- you’d earn $54,000 annually. That’s huge!
The true beauty of this business is the team building side. You’ll have the option of creating a team of people that are all setting up merchant accounts, and you’ll be paid monthly commissions for everything THEY bring in! There are no qualifications or monthly quotas to be paid your
commissions, and residuals are paid for the lifetime of the accounts!
Let’s connect and schedule a telephone chat ---

Friday, July 14, 2017

Consumer and Business noncash payments in the multiple TRILLIONS!

The digital merchant processing industry just keeps rolling along -- it is not an easy train to catch because it is a BULLET TRAIN -- but it is worth getting off to a running start just to have a shot at the residual riches that flow from its path.

How big is it?  Here are some latest growth stats from The Green Sheet and they tend to show that it is still all about the countertop terminal in the small merchant establishments that you frequent -- approach one today!  The numbers are so gigantic that it has me wondering what comes after a Trillion?

Fed details consumer, business noncash payments

Friday, July 7, 2017
Consumers relish electronic payments, and since the turn of the century, they have shifted a significant share of check writing to electronic alternatives such as credit, debit and prepaid cards and the automated clearing house (ACH).
Businesses are weaning off of checks, too, but at a slower pace, and ramping up ACH payments. These are two high-level trends revealed in a new report analyzing the Federal Reserve Payments Study 2016.
The Fed takes a read on noncash payment usage every three years. A report released by the Fed on June 30, 2017, is the first in an expected series drawing on data collected last year from bank and nonbank payment services providers.
Since 2000, noncash payments have been growing rapidly, according to the Fed's analysis. By number, noncash payments nearly doubled, from 72.4 billion in 2000 to 144.1 billion in 2015. That works out to an annual growth rate of 4.7 percent. In that same 15-year span, the total value of noncash payments rose from $75.87 trillion to $177.85 trillion, for a real growth rate of 5.8 percent per year.  (That's Trillion with a T!)
The Fed counts as noncash payments all check, ACH and card payments that clear through the banking system and card networks.
The newly released Federal Reserve Payments Study 2016: Recent Developments in Consumer and Business Choices details differences in household and business payment habits, as well as trends in the usage of alternative payment initiation methods such as mobile and online. Data collected for the study represent 2015 totals.
In 2015, checks accounted for 13.4 percent of all noncash payments and 15.4 percent of the total value of those payments, the Fed reported. This compares to 57.8 percent of all noncash payments and 66.7 percent of the total value of those payments in 2000. Households averaged just 7.1 checks per month in 2015, compared to 19.3 checks per month in 2000.
While business check writing also fell, businesses continue to be prolific check writers, averaging 24.1 checks per month in 2015, down from 66.0 checks per month in 2000. They also are big users of the ACH. But business use of card payments is modest, averaging just 19.7 transactions a month in 2015. The "combined value of business ACH transfers and business checks reached $148.54 trillion in 2015, which alone was more than double the real value of total ACH transfers and checks written in 2000 ($73.78 trillion)," the Fed wrote.
Consumer card payments growing strong
Growth in general-purpose credit and debit cards outstripped growth in all other noncash payment types, driven largely by consumer demand, according to the Fed's analysis. Debit cards are most popular with consumers, followed by credit cards, checks and ACH debits. Here's the breakdown for all consumer noncash payments in 2015 and increases since 2012:
  • 57.4 billion by debit card, an increase of 11.7 billion
  • 26.9 billion by credit card, an increase of 6.0 billion
  • 10.7 billion with checks, a decrease of 1.8 billion
  • 10.3 billion using ACH debit transfers, up 2.1 billion
  • 6.2 billion by private label prepaid debit card, an increase of 100 million
  • 3.6 billion using general purpose prepaid debit cards, an increase of 500 million
  • 2.0 billion with private label credit cards, up 400 million
  • 300 million using ACH credit transfers, up 100 million
Among all types of consumer payment cards, prepaid debit was the only category with a "significant drop in intensity of use" between 2012 and 2015, the Fed reported. While the number of active prepaid debit cards grew at 26.3 percent a year during that period, the number of payments made increased just 5.3 percent per year.
Meanwhile, alternative payment methods posted significant gains between Fed surveys, although the total number and value of these payments remain low. "When viewed in the context of the total number of noncash payments, these methods, while gaining traction, do not collectively constitute a significant number of payments at the current time," the Fed wrote.
Payments using mobile wallets, for example, grew 71.9 percent a year between 2012 and 2015, but at 1.3 billion, the 2015 total was small compared with other methods of noncash payments. Online payments grew from 1.8 billion in 2012 to 3.4 billion in 2015. Most online and mobile payments clear through the card and ACH networks.

Thursday, July 6, 2017

How big is the mm industry?

This from Forbes:

North American marijuana sales grew by an unprecedented 30% in 2016 to $6.7 billion as the legal market expands in the U.S. and Canada, according to a new report by Arcview Market Research.
North American sales are projected to top $20.2 billion by 2021 assuming a compound annual growth rate of 25%. The report includes Canada for the first time as it moves towards implementing legal adult use marijuana.
To put this in perspective, this industry growth is larger and faster than even the dot-com era. During that time, GDP grew at a blistering pace of 22%. Thirty percent is an astounding number especially when you consider that the industry is in early stages.
Arcview's new editor-in-chief Tom Adams said, "The only consumer industry categories I've seen reach $5 billion in annual spending and then post anything like 25% compound annual growth in the next five years are cable television (19%) in the 1990's and the broadband internet (29%) in the 2000's."
ArcView's analysis uses data provided by BDS Analytics that has access to millions of individual consumer transactions from dispensary partners.


Arcview has helped its investors place $91 million with 135 companies since 2013 and primarily focuses on private companies. The industry with its legalization risks does not attract institutional investors in the same amount that other sectors do. “You will not find another multi-billion dollar market growing at a 25% compound annual growth rate anywhere in the world that is not already filled with multi-national companies and institutional investors,” said Troy Dayton, Chief Executive Officer of Arcview Market Research. “That's part of what makes the cannabis industry such a unique opportunity for investors and entrepreneurs.”


*********

Though controversy surrounds the hemp product, pubmed.gov research searches show an impressive array of CBD or hemp positive results in a wide variety of diseases and illnesses.

It is a great avenue for study -- and a great revenue stream for merchant processing for an enterprising DW Agent!




Monday, June 26, 2017

If you missed the DW call last week it is posted in your interface and is on the DW Facebook page.  If you don't have time for the entire call, fast forward to the last 10 minutes -- it will open your eyes to a world that you now have entree to and is bigger than you can imagine... and urgently seeking what you have!

Mike just got back from visiting a neighbor down the road and guess what:  THEY have good friends who have a medical marijuana dispensary.  Right here in our area.  And the fact is there is a ton of disruption in that market and confusion re. banking and processing so this is a real need that our neighbor (also a DW Agent) can offer them a solution for.

Want to catch up with what's going on?  Catch that call and find out!

Friday, June 23, 2017

New Markets

If you missed the Call Wedneday be sure to listen in on the posted recording in your interface!  The forecast for the new processing avenues was looking great per David and Anthony and then at the end, a guest on the call blew everyone away!  

He said, "Is this network marketing?  I am not interested in that.  But I own several mm dispensaries and if what you say about the processor is true, that is fantastic (as I recall) and I want to sign up my  accounts.   And by the way, I BELIEVE YOU GUYS HAVE SERIOUSLY UNDERESTIMATED HOW BIG THIS INDUSTRY IS GOING TO BE!"*

************

Forbes Magazine itself in 2016 estimates the mm industry to grow by 700% by 2020.

 And we all know one thing:  the bigger your merchant's processing revenue, the bigger your monthly check!

*************

If your team is out of the loop on this, take time to fill them in.  

Or bring on some NEW team members who see the big picture.

*************

BUT DOES THAT MEAN THAT WE HAVE NO INTEREST IN OTHER (MAKE THAT A WORLD OF OTHER) MERCHANTS?

Heavens, no!

It just makes the digital payments universe that you can sail around that much larger!

*********** 

 *If the mm or CBD oil market is new to you and you wonder what the buzz is, the video below has some great info:

 

Monday, June 19, 2017

BE LIKE NEIL!

 CONGRATULATIONS TO DIGITAL WORLD AGENT NEIL HOLMES for wrangling another merchant onto his great processing service!  DW!!  It may  be a long, hot summer but there are some Agents who are always on the lookout! WAYTOGO, Neil!

BE LIKE NEIL:  If you are,  that's more residual in YOUR  monthly bucket!


*************
Don't miss the meeting on Wednesday June 21st at 6PM EST, 3PM PST. 
Call (712) 451-0549   access code 550287. 

*************



 

Friday, June 16, 2017

Welcome to the New World of Processing


Download from your interface today to personalize and get out to your relevant merchants!

************

NOTE:  it's amazing how many of you have contacts in one or other of the hi risk merchant categories -- and there are a bunch!  Including a few of my favorites:  cruises, air travel and CBD oil.

***********

Next webinar coming June 21 introducing another NEW hi risk addition.


Wednesday, June 14, 2017

ALERT! DW expands Horizon!

ALERT!


ROUGH NOTES:

We now have a processor that is in the high-risk processing business which means:

the commissions are 10 X greater than our normal commissions!   AND

this processor DOES NOT MARKET their services:  they are by referral only, which means you have an exclusive to offer your clients

in these industries:

mlm
travel
credit collections
online gaming sports
and THE BIGGEST OF ALL   CBD oil.

CBD oil alone is projected, over the next couple of years, to hit $2.1 Billion in sales, a 700% increase over today.

AAAANNNND, we can sign merchants in EVERY COUNTRY IN THE WORLD with the exception of 14 countries on the government list that Avita will post shortly!

By way of reference, a $100,000 monthly high risk client would generate $400/mo. residual commission!

Anthony called it a GAME-CHANGER and we agree!  Time to roll on this, guys!

 *************###########***********



Hope you didn't miss the Digital World  call today!

Will prepare notes for posting here -- AND it was recorded for those who missed it.

Horizon-expanding stuff!

Image result for expanding horizons

Sunday, June 11, 2017

Congratulations to Digital World Agent Letty Rodriguez for signing ANOTHER great restaurant in the Central Valley of California!  One thing that is a great benefit of being a Digital World Agent is you get to eat at some REALLY great restaurants!  And know that with every swipe of debit, credit or other NFC/gift/cards, 8 levels of awesome Agent-people are getting paid!

An unbeatable biz, if you ask a bunch of DW Agents.



DON'T FORGET HUGE ANNOUNCEMENT this Wednesday:

 Don't miss the call on Wed June 14th at 6PM EST, 3PM PST. 
Call (712) 451-0549 access code 550287. 
Mark your calendars!

Friday, June 2, 2017

The Dance Process

A little research on the career path of being a merchant card processing sale agent (full time for a major processor or ISO) yields this information (from an employment website):

"Everything pales in comparison to where the real money is made when you sell credit card processing - RESIDUALS.

What are residuals?  Every time one of our clients runs a credit card through their merchant account we make a percentage of the sale.  (This may be anywhere from a few pennies to a few dollars.)  This is paid to us for as long as the client is processing credit cards with us.  The  sales rep who brought the client to us earns a split of this income. So EVERY TIME the business swipes a credit card our sales representative is making money.  This is residual income.

How could a few pennies or dollars possibly add up to a $100,000 a year income?  If our rep brings 15 clients to us every month (less than 4 a week) at an average profit of $50 per client per month to the rep they are increasing their MONTHLY INCOME by $750.  After 12 months of hard work they have increased their monthly income to $9,000.  

This is the equivalent of $108,000 a year!  Now imagine if you put in that type of hard work for a few years?  We like to say that it is totally possible to make a million dollars when you sell credit card processing -  you just have to do it $50 at a time!"

Guys, this is talking about you being hired to work full-time for a processor ISO and work BY YOURSELF.

Imagine what you can do with Digital World, part time, and having a team of others doing the same thing that leverages your results!

WHATTAREYOUWAITINGFOR?

Image result for what are you waiting for quotes

Put on your red dress, baby,
And wear your wig hat on your head!

Time to quit sitting and start dancing!






Thursday, June 1, 2017

REMEMBER THE CALL AT 3PM PACIFIC TIME WITH David, Anthony and Mark!
Check your interface home screen or email blast for log in link!

Tuesday, May 30, 2017

Why we do what we do. Any questions?



The downline residuals shown in the table below were calculated within the framework that every agent in your downline has acquired 5 personal merchant accounts and 3 agents on their 1st level. 

 DW pays thru level 7 but for simplicity's sake the focus here is on what the potential is for every agent who is qualified for level 6 by having just 5 personal merchants and 3 personal agents!!

Downline Residual

Level
Profit Percentage
Merchant Accounts
Average Monthly Residual
1
5%
15
$146.25
2
5%
45
$438.75
3
4%
135
$1,053.00
4
4%
405
$3,159.00
5
3%
1,215
$7,107.75
6
3%
3,645
$21,323.25
                                   

                                                        Total 6-level Residual Monthly:           $33,228.00


Lammons
mikelammons@gmail.com
DW National Director