Video: How To Send Bitcoin Without Paying Any Transaction Fee Using Luno

Do you know you can send Bitcoin from Luno account to another with paying any transaction fee?
Watch the video clip below to learn how.

Related link: how I make money daily on Luno exchange platform

What Bitcoin Is And How To Make Money With Bitcoin

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. Bitcoin (also BTC) has value and the price can increase and decrease anytime. This makes it highly volatile and to some extent, unpredictable.

The system enables payments to be sent between users without passing through a central authority, such as a bank or payment gateway. It is created and held electronically. Bitcoins aren’t printed, like dollars or euros – they’re produced by computers all around the world, using software.

It was the first example of what we today call cryptocurrencies, a growing asset class that shares some characteristics of traditional currencies, with verification based on cryptography.

Who created it

A pseudonymous software developer going by the name of Satoshi Nakamoto proposed bitcoin in 2008, as an electronic payment system based on mathematical proof.

Importance

Bitcoin can be used to pay for things electronically, if both parties are willing. In that sense, it’s like conventional dollars, euros, rands, or Naira, which are also traded digitally


Bitcoin is often described as an anonymous currency because it is possible to send and receive bitcoins without giving any personally identifying information. 


Decentralization

Bitcoin’s most important characteristic is that it is decentralized. No single institution controls the bitcoin network. It is maintained by a group of volunteer coders(miners), and run by an open network of dedicated computers spread around the world. This attracts individuals and groups that are uncomfortable with the control that banks or government institutions have over their money.

Divisibility

The smallest unit of a bitcoin is called a satoshi. It is one hundred millionth of a bitcoin (0.00000001). This could conceivably enable microtransactions that traditional electronic money cannot.


How to get started with Bitcoin

First, to own a Bitcoin, you need a wallet where you can save it. The wallet is a digital purse to hold your Bitcoin. When you create a wallet, you will be given a login details to the wallet and you can then generate wallet address. It is with the wallet address that you can use in receiving Bitcoin when someone want to send Bitcoin to you. Bitcoin can also be stored offline.

Having said that, one of the best Bitcoin wallet and exchange provider in Nigeria and other parts of the world is Luno. With Luno you can buy Bitcoin directly from you bank with your ATM card and, you can also send exchange Bitcoin and send the money to you bank account directly from Luno.

Personally, I have been using Luno for over 2 years now and they are safe. To register with Luno, use this link: Register On Luno Here


How to make money with Bitcoin

To make money with Bitcoin, there are three options among others:


1. You can buy Bitcoin and leave it in your wallet, when the price of Bitcoin goes up, you make money. The disadvantage here is, when the price goes down you will lose money also. For example, at the beginning of 2017, Bitcoin price was around N480,000 but towards first week of December same year, it rose as high as N7,000,000. Also, as at January 2018, the price went down to N3,200,000. So here your income will be fluctuating in response to Bitcoin Price.


2. You can make money by investing in cloud mining platforms. Cloud mining company/platforms sell hashpower to the investors. And profits are generated daily base on the capital you invested. Profit here usually takes time to increase and hence patience is required. The disadvantage here is, there are lots of scammers out there in the name of cloud mining company. The only three I am very sure they are legit and real are Hashflare, Genesis Mining and Hashing24.com

Personally, I make use of Hashflare. Here one hashpower cost $2.2, so with about N10,000 you can start your investment journey with Hashflare.

Mining can also be done personally with your computer and mining hardwares.


3. The third and most profiting one is trading. Trading involves buying Bitcoin when the price is low and selling when it's high and, repeating the cycle. This can be done on a daily basis to earn daily income as I do. Trading ensures that you don't lose money when Bitcoin price is going down and, it guarantees daily profit for the professional traders. The profit here is usually massive and you can make as much as 15 to 20% daily profit. The disadvantage here is, you can lose money if you don't know when to buy or sell.

To learn more about trading, read more here: How to trade on Bitcoin and make daily profit


Credit: Tochukwu Dillion

How An Individual Can Start Oil And Gas Marketing/Brokerage Business In Nigeria Without Capital

Recently Updated

Oil and gas distribution business is one of the most lucrative and relaxed business anyone can start with little or no capital.
You can go into oil and gas products trading, supplies, big and small deals and facility management. The oil industry is where everybody can benefit. The trading opportunity is massive, in fact, in one deal alone, you can make over N200,000(NGN).

 Product trading is where the wealth is and, it has a wide scope, from the Automotive gas oil(AGO- Diesel) to PMS(petrol),  DPK(kerosene) and LPFO( low pour fuel oil- black oil). You will find opportunities from homes, banks, factories, workshops, eateries and business centres, cyber cafes, companies, government offices, and even to filling stations and depots. All these places are where you can supply petroleum products for millions even on your first delivery.

The good news is, you do not need to be a millionaire to start this business. With what is called Local Purchase Order(LPO) you can start without any capital(money) and still make huge amount of money. LPO is a contract agreement between you and the company you want to deliver the product to, and usually, it contains the quality, quantity, date the product will be delivered, terms of payment, etc. When you deliver the product to the company, you will be paid instantly and then you can in turn, pay your supplier. You may not even touch the product( the supplier will take the product straight to your customer) and you will be paid. That is, you will be acting like an intermediary to the petroleum companies your are getting your products from and the buyers. That makes you and independent broker. This means that, you don't need any certificate, office or paper work of any type, because the company will take care of all these. So simple,isn't it?


We have put together a manual that will guide for this purpose. Our manual teaches you

• how to get such contract and were to get the petroleum product so cheap (legally and pay after receiving money from the company you delivered the product to), 
• how to partner with filling stations and oil companies, 
• how to start up and own an oil company of your own, 
• how to start the importation of crude oil, 
• how to make as much as N1million from one deal, 
• how to trade from storage tank, 
• how small players can be part of the deals,
• how to operate haulage business for oil and gas, 
• how to partner with banks for loans, 
• how to trade petroleum online and most importantly, 
• how to start any of these without cash. 
• You will also learn how to get allocation from PPMC, 
• how to go about getting licenses/consents required in any oil and gas business(for big investors) and in addition, 
• the full feasibility study report of starting a filling station in Nigeria is equally included.

We guarantee you that you will never lose in this business, with our guide, it's all about gain. We have been into this business for over 3 years now, and you too can make it.

We will guide you till you start making sufficient income from this business.

The manual and guide cost N8,000 (eight thousand Naira) only.

Do not worry about how to get the products or how to transport the products or even about cash to start, all these and lot more are covered adequately in our manual and guide. We can also source and deliver any of the products for you.

For those in Lagos and neighboring states, we can link you up to an oil and gas distribution company where you can work as a full marketing staff or part-time marketing staff company.

To get this manual and our guide, and to partner with us in achieving success in this oil and gas business contact,

+2348035217265
tochukwudike@gmail.com
dillionworldblog@gmail.com
customercare.dillionworld@gmail.com

Ways Of Reviving Your Failing/Dying Business

Nearly all small and mid-size business owners and CEOs face the daunting task of managing the recovery of a highly distressed or dying business.
This is a period characterized by hard business conditions, low sales, low morale, low cash, low market share, and low innovation.

There are many factors responsible for this near death experience, including those that are self-inflicted like a major project failure, lack of information to manage the business or incompetent management, poor sales management, or poor financial controls.  These are generally termed internal forces. While those that are not self-inflicted like government regulations, economic recessions, low-priced competitors or natural disasters are termed external forces.

How To Go About Reviving Your Dying Business

1. Identify the problems

You must first identify the real problem(s) and realize there are issues that need addressing with a high sense of urgency.  You need to get committed to making the needed changes and seeking the help you need from a seasoned advisor that will help you with the many extremely tough decisions that you will face.
a. Strategy – Look closely at your business strategy to ensure your business is relevant, focused and managed tightly.

b. People – Are the right people running the company? Are the right people in the right places? Are employees committed to organizational success? Are employees properly incentivized to share in the ongoing success of the firm?

c. Customers – Are customers satisfied? Do they know, like and trust your brand? Is the business focused on profitable customers versus unprofitable and difficult customers? Are you targeting the right customers?

d. Product – Are you offering high quality, innovative products and services? Can the business better utilize technology to create better products, reduce costs and improve competitive advantages?

e. Process – Is the company performance-driven and goal-oriented? Are there processes and procedures in writing to enable the business to improve?

f. Finance – Are cash flows sufficient to sustain ongoing commitments and operations? Does this business have excessive debt and why does it have excessive debt? Are gross margins and pricing proper to optimize profits? Do you know your break-even point? Is your sales team efficient with strong sales management?

Realizing your situation is a critical turnaround strategy; without it all other things are just frantic moves that will yield little results.  Before you begin to act, know why, what and how distressed your business is, and get the help you need to “right the ship.”


2. Rewrite your business plan

Investors, management, the bank, and employees all need to know what the company’s future plans are. They need to see where they fit in, how they can help, and how they can share suggestions based on their expertise that will help the company succeed.

Plans chronicle the good and the bad of the past and set a future vision. Companies that write and follow well-thought-out plans are much less likely to get into trouble, but when you’re already in trouble is when you need a plan most of all! Turning around a business takes trainloads of both time and energy. But it also takes a plan! I have yet to hear of a business succeeding without a solid business plan.


3.  Right size your costs

This is the time to reduce your overheads, to cut out the waste and to stop completely the nice to have, but not absolutely essential to the survival of the business.  In terms of your people, lessons have been learnt in this recent downturn that businesses are better to reduce the time or salaries of employees than to lose key skills and capabilities forever!


4.  Managing People

People are the most important component of any organization. Powerful investment groups don’t invest in companies; they invest in people. When companies fail, it is almost always due to ineffective management. In a business turnaround, it is important to identify who stays in his or her current position and who must find a position elsewhere. However, most failing ventures have poor methods of measuring individual results, so care must be taken in this selection process. Making this determination is critical; powerful managers surround themselves with high performers.

It is crucial to the success of a turnaround plan that you have the right team in place.  It may be that you need to bring in outside support from a turnaround specialist with experience of turning around their own businesses.


5.  Innovate

Lack of innovation is one of the warning signs of a dying business.  It is impossible for a business to remain relevant in the market if it fails to introduce new products and services or update existing ones.  People change, markets change, technology changes and so must your business.  If you refuse to change and do not innovate your products and services, you are doomed.  To bring your dying business back to life, focus on innovation and devise a written plan to generate a high ROI.

Innovation plans should also include going online. Having a website/blog,  social media presence and carrying out digital/email marketing have been shown to increase business revenue by up to 50%.


Related post: Get Access To Active Nigerian Email Lists To Market Your Business And Services


6. Meet with your customers/suppliers/bank

Dependent upon the severity of the situation within the business it may be necessary to reassure key customers of the business turnaround plans and the benefits that will accrue for them.

If the business has failed to settle payable accounts on time, it may result in suppliers imposing hard payment terms that may jeopardize the business turnaround recovery plan.
If support for the turnaround plan has been gained from the financial institutions and investors, it will be advisable to actively seek meetings with vendors to outline the plans and to seek their continued support.  Re-establishing trust will be critical. Negotiating new or even the continuation of existing, payment terms from a weak position will be difficult, however, all promises made should be honoured or if failure is imminent inform the vendor in advance of how any debt will be discharged.

The bank and other parties with a financial investment in the business should be advised of the business turnaround plans. Meetings should be arranged to discuss the plans and to seek assurances of continued, and more support for the business.


7.  Implement New/Update Systems and Procedures

A thorough review of existing systems and procedures will be required to meet the goals of the business turnaround plan. Implement change if necessary; it will be noteworthy to recall that a continuation of old practices will almost certainly result in the same old results.

Positive and profitable change may be required and this should be communicated to employees, so that they understand their roles in the new business environment.


8. Monitor, Measure and Take Action

Throughout the business turnaround process, results should be regularly measured against plan and corrective actions taken if required. Key performance indicators should be determined that will give a snapshot of the business performance and be available on a daily, weekly or monthly basis.

The KPIs should include financial and non-financial measures and reflect the important aspects of the business that will determine success or failure.

Finally it will be desirable to pro-actively communicate the turnaround progress to all interested parties – employees, customers, suppliers as well as the financial institutions.



credit: Tochukwu Mgbeahurike