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KYC Is A Good and Necessary Thing!
Am I Now A Bitcoin Heretic?
Did the above headline get a knee-jerk reaction from you?
If so, it demonstrates how far down the path of defensive paranoia we have come by allowing the enemies of freedom to hijack and define terms.
KYC or Know Your Customer is a good and necessary thing for consistent business success. Let me explain.
When I got out of prison and started selling Dish Network I quickly learned it is important to know who you are doing business with.
In my first month, I earned over $5,000 in commissions only to get stiffed for $3,700 by the Authorized Distributor I was working for. This was gut-wrenching at the time as I could hardly afford the loss. But I quickly learned to vet the distributors I worked for.
Lesson: Know Your Suppliers! Because these vendors are also your customers.
Once I vetted my vendors, I never got stiffed again! As my business grew and I invested in the technology of voice broadcasting I developed a network of vendors who would drop a hat to service my sales. Why? Because they also knew me and knew I only delivered quality sales sold correctly with hardly a charge-back or problem install. As a result, I could soon charge more than twice the amount received by other salesmen because I worked…
