7 ways to make money in crytocurrency

Passive Income

Passive Income is income received on a regular basis requiring minimal to no effort to maintain

Doesn’t that sound fantastic?

Rental payments from an investment property or dividend payouts from holding large blue-chip stocks are traditional forms of passive income. But did you know you can earn passive income from crypto as well?

There are a few different cryptocurrencies that currently offer ‘dividends’ or payouts that range between 5 to 10% per annum. These payouts are IN the cryptocurrency, so are compounded by any growth in the currency valuation over time.

Think about it, a 10% return sure beats the 2–3% p.a. interest rate offered by your bank. It beats most government bonds at present in the 3–4% p.a. range. You could argue that it even beats the housing market in certain countries (In Australia house prices in Sydney have fallen 2% since January).

Some would say 10% is on par with stock market returns, but you’re forgetting that these ‘crypto dividends’ are compounded by any future growth of the base currency.

Say you invested $400 in ARK today. At the time of writing, ARK is priced at $4, so you would have a total of 100 ARK. Over the course of the year, through staking, you receive 10 additional ARK absolutely free. So you have 110 ARK now. Let’s take a guesstimate and say ARK merely reaches it’s last ATH of $9 in a year’s time. Your initial investment of $400 is now worth $990, a 147% gain. That’s an additional 22% gain from your ‘crypto dividend’.

Here are a few projects providing ‘crypto dividends’ or passive income.

ARK

ARK is a 3rd generation blockchain platform utilizing a Delegated Proof of Stake (DPoS) consensus mechanism (DPoS). ARK has one of the best Desktop Wallets which is easy to use and fully compatible with the Ledger Nano S, making it an attractive option to set up for staking.

To receive dividends from the ARK system, you simply have to buy some ARK, hold ARK in your wallet and vote for a delegate. The delegate will then provide you with a payout as a reward for voting for them.

Delegates are users that wish to help run the ARK network, much like Bitcoin miners in the Proof-Of-Work mechanism. To become a delegate, a user pays a 25 ARK fee and is registered as a delegate. ARK holders then vote for delegates, and the top 51 delegates are selected to verify transactions on the network and receive rewards for doing so. Most delegates create profit sharing plans to get users to vote for them; this is how ARK holders receive ‘ARK dividends’.

The average return for an ARK holder voting for a delegate is 10% per annum. Some of the most popular delegates include Biz classic, Dutch delegate, Jarunik, Sharkpool, Biolyn and Arkpool.

Not sure which delegate to pick? Head over to the ArkDelegates subreddit for more information.

Need help setting up your voting? Check out this tutorial.

Want to buy some ARK? You can purchase ARK on Binance, Bittrex, and COSS.

LISK (LSK)

LISK is a similar blockchain project utilising the DPoS mechanism and delegate voting. In LISK, the top 100 delegates stake coins and LISK holders can similarly vote for a delegate based off the payout they are offering.

Learn more about setting up LSK here.

Want to buy some LKS? You can purchase LSK on Binance, Huobi, Bittrex, and COSS.

NEO

NEO, formerly known as AntShares, is a blockchain platform utilizing a Delegated Byzantine Fault Tolerance (dBFT) algorithm. Like ARK, NEO has a very user-friendly Desktop Wallet developed by City of Zion that is fully compatible with the Ledger Nano S.

NEO holders receive their dividends in the form of GAS. GAS is the cryptocurrency used as the fuel on the NEO blockchain, and is given to all NEO holders with the generation of each new NEO block is generated. At the time of writing, dividends on holding NEO range between 4–5.5% p.a.

NeonWallet is hands down the easiest Ledger S Nano compatible wallet to use, check it out here.

Want to know how much GAS you could be earning? Check out this GAS Calculator.

Want to buy some NEO? You can purchase NEO on Binance, Bitfinex, Huobi, Bittrex and Kucoin

VeChain Thor (VET, formerly VEN)

If you’ve been in the cryptocurrency space recently, you’ve probably heard of VeChain. It was shilled so much that mentions of VEN were banned from the subreddit r/cryptocurrency for a month.

There are two types of tokens used on the VEN (to be renamed VET) ecosystem:

• VET: VeChain Tokens are used as a smart payment currency. This provides a user with the rights and priority to use the VeChain Blockchain
• THOR: THOR Power is the fuel of the VeChain blockchain, similar to what GAS is for NEO. THOR is consumed or burnt when smart contracts are executed or when VET is transferred between different addresses.

The VeChain network will have 4 types of nodes determined by the amount of VET held and the maturity date. Without delving into the specifics, Masternodes that hold more VET earlier on will receive a higher percentage payout.

Use these simple ways to earn big on youtube

Make money by mimicry & comedy on youtube

Sometimes we copy our favorite characters. My brother used to imitate Louie Duck of Ducktales. If you are creative with comedy and you can entertain people with your mimicry, orcomedy, or singing or drama you have a great potential to make money out of your youtube channel. 

There is a youtube channel BB ki Vines with a unique concept of playing different characters by a single person Bhuvan Bam. Bhuvan is doing comedy in his unique way. You can also do anything more creative than him. 

Home makers can share recipes on youtube

Cooking videos are attracting loads of viewers on youtube. Who does not want to eat a delicious food? But most of us do not know how to cook. If you have a passion in cooking and you can guide people to make awesome food in simple steps, then you can make a high grossing youtube channel. Watch Mallika Badrinath is making a massive fan base with her creativity and passion in cooking. You can convert your gas stove into money machine with the help of youtube.

“Nisha Madhulika, a 57 year old housewife from NCR, with her passion for cooking, have a potential income of $502,819through her youtube channel started in mid 2011.”

This report from Economics Timewill help you find more such common Indian people who are becoming stars on youtube.

Earn extra cash by teaching on youtube

We are living in the knowledge era. Now no one waits for any confusion to be solved by a professional teacher. All you have to do is to google your inquiry. There are a lot of text, images and videos available to you within a second. 

If you have a passion for teaching and you think you can add value to anyone’s life then you can become famous on youtube easily. You can do this part time as well to earn money online. Teach people about competitive exams like Board papers, Graduation exams, Bank exams, IIT, or any such professional or curriculum courses. Watch Banking Careers for reference.

Earn money on youtube by interviewing people

Do you love to meet famous people and ask questions about their life? Questions you put in front of your friends, bring the most curious things out of them? Or do you love interacting with famous people or people who are doing great in their lives? 

Do you have a friend (or you can hire an employee) who can shoot your video when you are interviewing someone? If a yes is popping out of you, then making a youtube channel for interviewing is for you. You can earn a living through your channel as Lakshmi Rebecca is doing. 

Update: Now she is not only doing interviews but she is traveling the world and sharing her awesome moments with her audience. Look how she has become a celebrity by herself.

Make your profession a youtube sensation

Dr. Vikram Yadav started his YouTube channel in 2009. The best thing he discovered was his profession ‘Medical and Surgical education’ to make videos on youtube. He started with great passion but initially he had very fewer views for months because this niche was completely out of track from the common YouTubers. But he continued his passion with persistence and now he has 264,596 subscribers.

Sing and make youtube audience fall in love

Shraddha Sharma, a 21 year old musical sensation now, has a subscriber base of 202,206. She started simply by singing with guitar strumming and uploading a self-recorded video on youtube. She was just a kid when she was becoming heartthrob on youtube during her initial days. Now she is a fame Youtuber.

Make money with YouTube easy

#1. Create Youtube Channel

You can start your youtube channel just by logging through your gmail account but that solely, will not give you any money. To make money, you must follow all the steps described under the heading how to earn money from youtube (below).

#2. Find a Niche for YouTube

Selecting your youtube channel niche for earning money is much related with your hobby or passion for a work.

• You sing loud in the bathroom? Let the people know that you can sing.
• When you teach someone, they understand it better? Let’s teach the world on youtube.
• You have a beauty sense, or you know about the pros and cons of brands in the market, why are you hiding then? People are eagerly searching for someone who can tell them what they should wear.
• You love your dog or your cat. Let people know. Let them know how to love their pets. Or make them laugh with your pet’s videos.
• Do you sleep too much? People, out there are taking sleeping pills. Let them understand how you forget your daily struggle and fall asleep, teach them the way of keeping calm (Yes even this too can help you make money. No? search on youtube).

When I am saying that you can earn money on youtube by anything that you love to do, I am serious. There are a hell lot of other methods to earn money online and youtube is one of the most promising ways.

The 5 Ways That I Make Money Online

Every single way that I make money online is directly connected to my blogging but I don’t want to say I make money by blogging. 

That might be a small technicality but I wanted to get that out of the way.

1. AdsThis is the second easiest way from a technical standpoint to make money online because you don’t have to do much to get them set up. If you use one of the ad networks that I mentioned above then they actually do all of the work for you!

What you do need though is a shit ton of traffic for this to be effective. By this, I mean at least 30,000 page views before you even want to consider putting ads up on your site.

I don’t use ads on all of my blogs but the few that I do, I use AdThrive or Mediavine and both have been wonderful.

Now I know the question you are asking is how much money do I make for the amount of traffic that I get. I get paid every time an ad is shown on my site but you get fractions of a penny for each view. For this reason, ad dollars are measured in CPM.

This means that for every 1,000 page views I make $X amount of money.

So with AdThrive/Mediavine, depending on the niche and the quality of ads, the CPM fluctuates between $5 – $30 per 1,000 page views.

If I do 100,000 page views in a month (the minimum you need to apply to AdThrive) then I will make anywhere between $500 and $2,000 for that month. Again, it’s dependent on the topics that you write about.

Not bad, but not great considering the other ways that you can make money.

However, ads are the most passive way to make money online. Your only focus is to get people to continue to come to your site which can be challenging in its own right.

As of May 2018 I do about $15,000 a month in ad revenue.

2. Affiliate Marketing

This is the easiest way to make money online from a technical standpoint because you don’t have to do anything but post a link on your site. 

That link points to a manufacturer of some product that will pay you every time someone purchases from them.

For example, if I run a car blog and I sign up for an affiliate program with a car parts shop, I can link the different car parts that I like on my blog and when people click on the link and purchase from the car parts shop I get a cut.

The commission that you get is totally dependent on the affiliate program. There is no status quo. I’ve seen percentages range from 4% to 90%.

However, making money with affiliate marketing is a lot harder than people present it. You might think that all you need to do is put a link on your site and then watch the money flow but that isn’t the case.

You have to do a lot of upfront work to convince your audience that they want/need a particular product. If you can’t do that then your links will just sit there unclicked.

If you want to learn more about making money with affiliate marketing then check out this guide to affiliate marketing.

I also have an awesome course dedicated to affiliate marketing that will show you all of the steps that I take to 

make money with affiliate marketing.

3. eBooks

I love writing eBooks because you can make them as simple or as complicated as you want. The easiest way to make an ebook is to simply write it in some type of word processing application (Word, Pages, or Google Docs) and export it as a PDF.

There you go. You now have an eBook that the world will enjoy.

eBooks are a great starter product for many bloggers because everyone has the tools to create them.

Some people believe that your ebook has to be super long for it to be successful and I’ve seen 4-page ebooks do well and 200-page ebooks bomb.

It’s completely dependent on the subject matter and what problem you are trying to solve.

If you don’t even want to set up your own website you can go directly through Amazon’s Kindle Direct Publishing to reach millions of people instantly. Of course, you are dealing with a lot of competition but I know authors that make over $40,000 a month with their Kindle books.

4. Online courses

This is one of the most lucrative ways to make money online when you have an audience.

To make $1,000 with ads (on a good ad network) you need to do between 70,000 – 250,000 page views a month (remember it depends on the niche). That’s a lot of people!

To make $1,000 with affiliate marketing you might need to sell a couple dozen/hundred items.

With online courses, you can make $1,000 by selling just a couple (dependent on price).

For example, the current price (as of this writing) for the Billionaire Blog Club is $400+. To make $1,000 this month from the site I will need to sell 3 seats.

That doesn’t require me getting 100,000 people to the site. Hopefully, it only requires less than 100.

Out of these 5 methods, online courses are both the most technically involved and the most time-consuming.

I love teaching people but I hate the process of making courses just because I like instant results.

With my online courses, I have to come up with an outline of what the video is going to be about, plan the shots, hope that I can do it in one take, edit the video, convert the video, and then upload the video.

This takes hours and my throat always hurts when I’m done.

But again, I make most of my money from online courses so the effort is worth it.

5. Membership Sites

Technically the Billionaire Blog Clubis a membership site that happens to have courses in it. However, most people think of membership sites as having recurring monthly or quarterly fees.

The Billionaire Blog Club is a pay once and you get a lifetime membership type of deal.

It’s the same thing with my weight loss membership site, Keto Dash.

Tips to make money online

Yes, you can make money online. That sounds really dumb to say and I hate saying it because that phrase alone sounds scammy as hell.

Anyone can make money online and I’m not trying to blow smoke up your ass.

There isn’t a crazy system that you need to learn or mystery that you need to solve.

Go on Pinterest and check out any big blog. Everything they do to make money is sitting right there in front of you.

It might seem so obvious to you that you don’t actually believe it. You might think that there is a secret that you are missing but there really isn’t. If you study enough success stories you can see the methods that they use.

In this post, I’m going to explain to you the 5 different ways I make money online and how I was able to achieve each one.

First Things First

Before I dive into the 5 ways I make money online I want to talk to you about the most important aspect of making money online no matter what route you decide to take: building an audience.

If you can build an audience online then you have an easy road to making money.

This is a basic concept to understand. If you have an audience that pays attention to you, you can make money.

Remember that.

It’s the core concept of any audience whether it’s online or offline. Without an audience (clients, customers, members), you have no business.

The problem is that many people just don’t know how to build an audience or don’t put any focus on building an audience. Instead, they concern themselves with blog themes, Twitter posts, and other small things that don’t move the needle.

This is a big reason why the very first course you encounter in the Billionaire Blog Club revolves around Pinterest. You need to learn how to build an audience and that means getting traffic.

Seriously, if you have a blog and have decided that you need to start building up an audience then Pinterest is a great place to start. I have a Pinterest Course available to Billionaire Blog Club Members and a book on how to increase traffic with Pinterest. That’s how important I think it is.

If you can get traffic to your site then the whole world begins to open up for you.

It’s great that some bloggers will tell you that you don’t need much traffic to make money and they aren’t wrong, but if you can get a lot of traffic everything becomes much easier for you.

If I have a blog that is getting 100,000 page views a month that means that I’m probably getting at least 50,000 people to the site (most blogs will do between 1.2 to 1.4 pages per session). That means I have to try and get some small percentage of those people to buy something from me if I really want to do well. If I can’t get them to buy something then (in some cases) I have ads running on the site that will make me money anyways.

With a decent ad network, like AdThrive or Mediavine, 100,000 pageviews should net you between $800-$2000 a month.

As the number of people visiting my site increases, the chances of me making more money increase. That should be easy enough to understand with one caveat. The traffic just can’t be random traffic. It has to be traffic that is interested in what I’m writing about.

You aren’t going to bring 100 vegans into your hot dog shop (no you don’t serve tofu dogs).

It’s a pretty simple formula but for some reason, many bloggers (and other website owners) don’t put a lot of time in figuring out how to get traffic to the sites.

Make It Easy With a Good Niche

Now, let’s address something else which is going to be bad news for some of you.

If you want to make money online then I’m not going to tell you to follow your passion. Instead, I advise you to do stuff that has been proven to work.

If you like the idea of starting a blog then know that there are only 7 blog niches that get good traffic and make good money.

There really is no reason to try a different niche for your first blog.

I’ve spoken with people that want to start blogs on the topics they are most passionate about and they assume that they will do well simply because they believe other people love the topics as much as them.

Wrong.

What people love are things that make their lives easier and better. Why do you think how to make money blogs, personal finance blogs, and health blogs do so well?

Don’t hesitate to start a blog in a big and popular niche. The audience is already established in those areas so it’s pretty silly to avoid them.

With that being said let’s dive into the ways that I make money online.