I received several emails in response to a statement I made in one of my newsletters (see www.dxuptodate.com to sign up for this newsletter). The statement was this: "Yes! You can still make a living with DXInOne. How do I know? Because I am doing it."
Most people asked the same question: "How?" It is obvious how much we can gain on our DXPortfolio and DXMerchant console, but what is not so obvious is how we move the money out of the system to pay ourselves. Without this last step, you make nothing and the DXG that you have is just numbers in a database somewhere in Vanuatu.
Needless to say I replied to these emails, but in doing so I realized that a lot of people don't know how it is possible. I still get comments like: "It's impossible to make money with the slow-down of outxchanges" or "The higher fees will make profits unattainable." In response to these statements I have decided to write this short article and point out three things that I have realized in order to pay myself (not just increase my TDV) with DXInOne.
I'll warn you now, this may seem simple, but I'll give you some dollar figures to let you realize that they work. How Do I Pay Myself with the DXInOne System
Point #1: I don't use outxchanges. Well that's a no-brainer seeing as how outxchange times are rather slow right now. If you listed an outxchange two months ago it is probably being processed right now. That's not a good way to pay yourself.
Once outxchanges start to speed up I will start using this method to withdraw funds from the system and pay myself again that way. Until then, I will not list any outxchanges.
Allow me to clarify: I have $0.00 in listed outxchanges right now. The queue is clogged enough without me putting another $10,000 in it.
Point #2: I run my DXMerchant console. Once again this may seem obvious, but what is not so obvious is that if you have a high enough float you will actually get some sizeable autoinxchanges.
I had one person email me saying that with their console float at $1400 they were getting hardly any auto-inxchanges. My response was simple: Raise it.
Within the past month I have received about $5000 in auto-inxchanges. One was a $2800 E-Bullion auto-inxchange, and another was a $1500 bank auto-inxchange. If my console float was at $1400, I would have only received $2000 in auto-inxchanges.
My console float during that period was only $2500 to $3000. I have now raised it to $6000, and plan on building it to $10,000. While $5000 in auto-inxchanges really isn't that much when compared to faster times, it is still $5000 that I could pay myself with.
Point #3: I run P4s. With the reintroduction of the P4 system DXMerchants now have yet another method of moving their funds. The P4 system (see here for how it works) allows DXMerchants to trade their DXG for online currency for either a 5% or 7% fee. This is how I have been able to build my console float to $6000 so quickly.
I have personally processed about $7000 USD worth of P4s over the past 10 days. Now a tiny bit of math will reveal that that is over the $600 that my DXPortfolios make. I have opened this P4 system so that other DXMerchants can sign up and do the same thing that I am doing. You can view more information at http://www.dxcurrencies.com/p4admin/register.php. To finish...
Please understand that I wrote these details so that you can see that making a living with DXInOne is not impossible or even difficult. It takes work and dedication, and a lot of patience.
About the Author
Matthew Glanfield provides up to date expert training on e-currency exchanging, a new way to make money online without selling or marketing.