Showing posts with label merchant services. Show all posts
Showing posts with label merchant services. Show all posts

Tuesday, January 23, 2018

New Merchants

Amazingly the New Year is starting off with New Merchants being added to the Digital World Family!


Just when we're barely waking up from holiday hibernation, a bunch of you are turning in Merchants at a fast clip:  WAYTOGO!

That's a sure way to generate reliable month-to-month self-perpetuating income!  Congratulations to you, Diligent Digital Agents!




Saturday, September 2, 2017

Always a Growth Industry!

Thanks to our Guest-who's-turning-into-a-regular Mike Lammons for calling attention to this VERY IMPORTANT POINT:

After 26+ years in Direct Marketing, we have proof that Sept, Oct and
Nov are biggest 3 months for recruiting Agents.

If you are  looking for an extra $500 for T-Day, just go recruit 5 Agents and have them watch the short video.

2 in Sept, 2 in Oct and 1 in Nov.

Have fun, and you might also enjoy the
Residual commission coming when your Agents get Merchants who go active.

We still make monthly commission on our very first Merchant that went active 37 months ago.

That is true RESIDUAL and who doesn't need/want that?!

National Director Mike Lammons

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Remember, you are in what will always be a growth industry!


From Nilson Report:  Purchase Volume Worldwide 2015 vs. 2025
Visa, Mastercard, UnionPay, American Express, JCB, and Discover/Diners Club are the global brand general purpose cards. By 2025, purchase volume for goods and services by cards with these brands is expected to reach $54.891 trillion.


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What-to-Say Ideas:

“As you know I’ve been a (insert occupation), but because of (negative factors) I’ve
decided to diversify my income. After considering my options, I’ve identified the very
best way to make it."

“IF I gave you a link to an online presentation that explained everything, WOULD
YOU click on it and watch it?"
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 Image result for smiling merchant swiping card

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.”


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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!




Friday, March 24, 2017

Credit Card Processing Residual X Network marketing = Power Squared

Greetings, Agents of the Digital World!

This is a great weekend to be dropping some cards, flyers, emails or hints to those great merchants that you patronize on a regular basis.  They are important in your shopping life for whatever reason (you are choosing them, after all, whether for their coffee, cupcakes, styles or service) and if you can improve their bottom line maybe they can prosper and continue to bless your community!

Here is some information re. our two main processing partners  that serve your merchants as part of your Digital World team:


These guys are not snowflakes:  you can see they are HEAVYWEIGHTS!

And how many merchants can you help through your DW business?

Here are but a few:

1. Service Business

A service type of business provides intangible products (products with no physical form). Service type firms offer professional skills, expertise, advice, and other similar products.
Examples of service businesses are: schools, repair shops, hair salons, plumbers, carpenters, banks, accounting firms,law firms, etc.

2. Merchandising Business

This type of business buys products at wholesale price and sells the same at retail price. They are known as "buy and sell" businesses. They make profit by selling the products at prices higher than their purchase costs.
A merchandising business sells a product without changing its form. Examples are: grocery stores, convenience stores, boutiques, bookstores, automobile dealers, distributors, and other resellers.

3. Manufacturing Business

Unlike a merchandising business, a manufacturing business buys products with the intention of using them as materials in making a new product. Thus, there is a transformation of the products purchased.
A manufacturing business combines raw materials, labor, and factory overhead in its production process. The manufactured goods will then be sold to customers.

Hybrid Businesses

Hybrid businesses are companies that may be classified in more than one type of business. A restaurant, for example, combines ingredients in making a fine meal (manufacturing), sells a cold bottle of wine (merchandising), and fills customer orders (service).
Nonetheless, these companies may be classified according to their major business interest. In that case, restaurants are more of the service type – they provide dining services.


Question:  what type of merchant can you NOT help?  Answer:  very few!
  
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From the Inbox:

"DW is just like fishin'.   Just keep throwing line out there.

I talked with President of a company last week that just started taking credit cards and first week they did $396,000 in processing.

Just off phone with him few minutes ago and they just finished SECOND week and did over $800,000 in processing and he wants to give us some of his biz.

Gonna be some excited Agents when this happens.

Mike Lammons, Agent" 
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THE POWER OF CARD RESIDUALS MEETS THE POWER OF NETWORK MARKETING!




Many entrepreneurs are attracted to a Network Marketing opportunity because you can grow a network of sales people underneath you. You then make something on every sale the person under you makes and every sale the person under them makes and so forth. This powerful model has enabled entrepreneurs to become millionaires on their terms for decades. They choose their schedule, they choose how aggressive they want to be. A recent report of the top 100 Network Marketers

performers across different companies showed they earned between $130,000 - $1,560,000 per month.

The power of credit card residuals meet the power of Network Marketing! The above monthly income numbers may seem to be unrealistic yet in reality they
are fact for top performers in each industry. However, the examples are meant to show the earning potential that credit card residuals and Network Marketing have
separately. Imagine if you multiplied the earning potential of the two opportunities into one.  Digital World for the first time in history is doing just that!

Credit Card Processing Residual X Network marketing = Power  Squared



I have heard of Network Marketing opportunities in the past and only the people at the top make real money. Why is Digital World  different?

Ground level - Digital Worldhas been offering competitive credit processing services since 2000. However, the new marketing model was just launched in 2014. So you get a  unique opportunity to get in on the ground level of this powerful business model.


Need vs. Luxury - We are selling a service that every business needs -- credit card processing. Most Networking opportunities are selling a 'luxury product'  that is not needed.


Service vs. Product - Unlike other Network programs which make you purchase product inventory upfront, there is no purchase necessary from DW..... you are offering a service and
have only a $195.00 one time fee for your training  and ongoing support.



One-time Commission vs. Residual – Other Networking programs only pay you when someone in your network makes a sale. So if people underneath you stop selling you stop making anything. Credit Card residuals change the game. Now, even if someone under you only makes one sale, that sale provides residual income to you for as long as the merchant stays with us. So imagine an army of Agents
building residual income for you every day!


  
What do I have to do to get started? This is a 100% commission based opportunity to pursue at your own pace. As an Agent you would be
responsible for showing the benefits of our credit card processing to merchants and turning people like yourself on to the opportunity. We provide training and
support to help you get started. Digital World requires only a ONETIME $195.00 fee for your training and support to get started.

Digital World is adding new Agents daily who are getting in on the ground level of this rare opportunity. Feel free to call us for more information.


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AGENTS:  feel free to cut-and-paste the above doc  and personalize to share with others!


Image result for shepherd chihuahua mix
Who's a good boy?!!

Tuesday, March 14, 2017

State of the Industry 2017 --- and Where Do You Start?

State of the Industry 2017 --- and Where Do You Start?

Below are highlights from an article stressing the state of the merchant payments industry and below that we will highlight areas of particular opportunity to you as a diligent Digital World Agent building your 'in perpetuity' residual and team:



State Of The Credit Card Processing Industry For 2017

Posted: 2/24/2017 9:46:00 AM
Despite the rapidly evolving payment options that consumers have today, credit cards still remain the leading payment method. In fact, according to the 2016 U.S. Consumer Payment Study, this was the first time that “credit took over the top spot as the overall preferred way to pay, replacing debit as the number-one choice in years past.”
However, that may not last much longer. Between technological advances and the preferences of Millennials, the credit card processing industry is changing on an almost daily basis. With that in-mind, here is the current state of the credit card processing industry for 2017.

Millennials

Millennials are completely disrupting the entire credit card industry. And, that deserves your attention as a merchant or financial institution.
For starters, they’re the largest customer base, are hyper-connected, and educated. They also don’t want debt. According to a Bankrate survey, just 33 percent of Millennials between the ages of 18-29 own a credit card. That’s the lowest among any demographic.

Instead of plastic, Millennials are turning to companies like Google, Apple, Amazon, PayPal, or Square that provide them with digital services, personalization, and availability to real-time data.
To appeal to this demographic, merchants are required to provide nfc and other technologies.

Out With The Old, In With the New

Instead of swiping credit cards or manually entering a customer’s card information, merchants should be looking at the new and exciting ways to process payments, which includes:
Near Field Communication/Bluetooth Low Energy
Popular mobile wallets, such as Apple Pay and Samsung Pay, rely on near field communication (NFC) technology. This technology simply allows customers make a purchase simply by holding their phone to a credit card terminal. This isn’t only convenient, it speeds up the time that customers spend in the checkout line.

Business Insider expects the mobile payments volume to rise to $503 billion by 2020 with 56 percent of the consumer population using mobile payments for in-store purchases.

Continued EMV Adoption

EMV didn’t have the smoothest first year of adoption. Despite the fact that 70 percent of U.S. credit card holders possess EMV chip cards, only between 22 percent and 37 percent of retailers have adopted the technology. “Consumers have the chip-enabled cards and are looking to use them,” said Rob Cameron, chief product and marketing officer at Moneris.

EMV is here to stay and we can anticipate more retailers making the switch over the next couple of years. Besides improving security for customers, EMV terminals are often equipped with NFC technology so that merchants can process cards through contactless methods. Because of this, expect to see the emergence of contactless payments.  

“While the consumer adoption of various contactless pays, such as Apple Pay and others, has yet to set the world on fire, perhaps they will end up giving another reason for merchants to invest into chip terminals,” adds Zilvinas Bareisis, senior analyst at Celent.

Keeping Up With PCI Compliance

In April 2016, PCI DSS 3.2 was released, with version 3.1 being retired on October 31, 2016. These new requirements included:
  • Additional multi-factor authentication, which organizations have until February 2018 to comply.
  • Incorporation of “Designated Entities Supplemental Validation”
  • Extended migration dates for SSL/early TLS
Like EMV, PCI compliance isn’t going away. In fact, it’s required for anyone that accepts credit cards. Failure to comply could result in fines and revocation of your credit card acceptance privileges.

How Big is the Credit Card Processing Industry?


Feb 2017
U.S. General Purpose Brands Purchase Volume in 2016
Purchase volume, which is spending at merchants for goods and services, generated by cards issued in the U.S. totaled $5.143 trillion in 2016.  
Jan 2017
Purchase Volume Worldwide 2015 vs. 2025
Visa, Mastercard, UnionPay, American Express, JCB, and Discover/Diners Club are the global brand general purpose cards. By 2025, purchase volume for goods and services by cards with these brands is expected to reach $54.891 trillion. 
Source: Nilson Report 

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Kids, we're sorry if you find card processing a bit 'smart' --
if you're afraid to speak to a merchant --
if you are not techhy --

THE THING YOU NEED TO FOCUS ON IS 
A. THE SIZE OF THE INDUSTRY MEANS YOU ONLY NEED A TINY TEENSY PART,
B. THE SIZE OF THE INDUSTRY MEANS THERE IS ROOM FOR YOU TO BUILD A TEAM OF ZILLIONS OF AGENTS EACH GETTING JUST A FEW MERCHANTS AND
C. THE TECHS AT DW AND ITS PROCESSING PARTNERS TAKE CARE OF ALL THE 'SMART' STUFF, LEAVING YOU TO SHOP, EAT, PURCHASE, ... MEET A FEW LOCAL MERCHANTS....

AND SHARE WITH THEM THE DW BENEFITS TO THEM, by getting them to watch a quick, excellent DW video!

 You see that the industry is beyond ANYTHING ELSE there is -- and growing.  No down quarters ever, since the beginning.  So the question is


Where Do You Start?

Start some chatter by giving your card or flyer out to every establishment you enter today!  Or email one of your personalized videos out to potential agents and merchants tonight!

Repeat!  Repeat!   Repeat!    Repeat!    Repeat!

REMEMBER   you can give your local merchant a 
FREE EMV-NFC TERMINAL already set up and ready to use...AT BEST SERVICE AND RATES! 


 Image result for cartoon of busy character

Monday, April 25, 2016

From the Inbox just now:

Hey guys.  Look at this one.  WOW.  Over $1500/month -- 65% savings-- What a savings!!!
Maury Sasso
"Your Success is Our Success"

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From South San Francisco:
Jim Colip explaining the future with Audits to a rapt crowd!

Great time to be a DW Agent...
Rick Andersen, Top Agent and part of the original group at John Daniels' house when DW was born, shares some DW Truths as only he can: 

Tuesday, April 5, 2016

MORE ON COST REMEDIATION AUDITS:

(From yesterday's Q&A call)

  • Ongoing savings to the client generate ongoing commissions residually for the ongoing life  of same

  • On average, low end money recouped to clients = $50-60,000.00; high end =  several hundred thousand dollars

  • Client keeps half of recouped funds and pays half, which is the commissionable part to IBSP and DW  (us)

  • PARTNER IBSP is preparing an app for all DW Agents to load on your phone. Then you simply
  1. Sit down with company owner
  2. Open the app
  3. Answer and fill out discovery questionnaire
  4. See estimated  total we can  get back or save for them
  5. "Well, Mr. Business Owner, based on what you've told me it looks like we can save you $150,000.  How does that sound?"
  6. Next step:  set up half-hour Discovery Call.

Think you can do that?

OH YES YOU CAN!!! Can God get any gooder to us?  If I can't do this I'm going to hang up my rock n roll shoes!!

App should be ready in 2-3 weeks -- WAIT FOR ANNOUNCEMENT OF IT -- DON'T CALL IN!

In the meantime down load and print off the 3 Cost Remediation forms in interface to get familiar with this AWESOME service and get it to your key merchants!

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Let's see.... what else..... oh yes:  average savings to car dealerships -- $250,000.

TWO KEY PHRASES to throw in to every conversation with merchant:

we specialize in    _____________ Car dealerships  Funeral homes    Mfg. plants    Commercial real estate  (you get the picture)  AND

at no risk to you    we take all the risk -- we do the audit  at our own expense with no money upfront

Friday, April 1, 2016

Look up -- the Pigs are Flying!

Run across many merchants using Square?  Here's a quick-n-ez comparison created by Avita for you to print off and keep handy.  If you want the pdf file, email barb.  (.pdf won't post to blog.)

Also print off the great EMS+ flyer from your interface (BELOW) to give appropriate merchants.

These are great tools!  And although your front-end bonus isn't as much as desktop terminals, 20% of higher processing over and over month after month is BETTER!







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YOUR MERCHANT NEED CHINESE-LANGUAGE CUSTOMER SERVICE SUPPORT FROM THEIR PROCESSOR? 

  They can get that from NAB!  When you submit statement for analysis,

BE SURE TO REQUEST NAB AS PROCESSOR in the Notes section.

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If you missed the Franchise development call Thursday, be sure to listen to the recording -- it was off the hook!  Some highlights:


DW's joint venture  partner has 85 offices around the world, has been in business since 1981 and is the largest such business brokerage in the US.

DW Agents can refer merchants/business owners for such services as
  • commercial loans
  • business sales
  • franchise sales
  • franchise development
and receive compensation from

  • commission splits on loans
  • commission splits on sales
  • commission splits on development fees
  • splits on equity positions held on franchise development     ("sure beats my former equity position on selling tubes of lipstick!" Barb)
US Dept. of Commerce says that 18% of all businesses will change hands each year for the next 10 years -- a massive sell off worth an estimated $10 trillion dollars.  Average sale of franchise is $300,000 -- of which commission is 10%.  








How many of THOSE commissions will YOU and your team  be splitting?

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HOW DOES THIS WORK?

Sit down with an interested business owner and fill out and submit to DW the questionnaire -- and the rest will happen!!

(The 2 forms are in your interface...DW will set up a Discovery Call with merchant to determine how our experts can help them. )


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DON'T MISS MONDAY:

We are CONTINUING to unveil a new opportunity for DW agents to make extra income (and by extra, we mean a substantial amount). It can potentially change your approach when meeting with business owners.

PBM / Pharmacy Card
Mon, Apr 4, 2016 12:00 PM PACIFIC
Please join my meeting from your computer, tablet or smartphone.
https://global.gotomeeting.com/join/431117653

You can also dial in using your phone.
United States +1 (571) 317-3122
Access Code: 431-117-653 

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Can we chat? Let's be real here. You have never in your life had a network marketing opportunity like Digital World. I know this because I've been in network marketing myself over 20 years and this is a first.  It is the real deal. 
 
Most of the calls that I get from new agents is asking exactly that question:  Barb. is this the real deal? 
 
You only have to get on one of these calls or listen to the recordings to find out this is something like you've never seen before. 
 
Does it mean you're going to have to go talk to a merchant?  Yes.
 
Does it mean you're going to help that merchant? Yes. 
 
That's all that matters -- and that's the Real Deal! 
 
Now let's go make it happen!
 
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