The world is constantly evolving, and so is your opportunity to make money online. New technologies come along with new ways to earn an income. One notable example is the rise of Bitcoin and other cryptocurrencies, which have hit an all-time high in value, offering incredible potential to those who recognize its value.
The evolving world of cryptocurrencies and the evolving world of online marketing present some incredible opportunities for you to make money online. One way to generate consistent income is to become a cryptocurrency or virtual currency affiliate marketer. Here’s a closer look at what they are, how they operate, and why you should consider doing business with them.
Key Facts About Crypto-Currency
If you’re not familiar, virtual currency (VC) and cryptocurrency are terms used interchangeably and refer to digital money that is neither issued nor backed by a government or central bank. Bitcoin is one of the most recognizable cryptocurrencies and was first introduced to the world in 2009 by an individual or group referred to as Satoshi Nakamoto.
Crypto-currencies are not classified as traditional investments and therefore do not pay any traditional taxes. Instead, you (as a virtual currency affiliate marketer) will be paying regular commissions to cryptocurrency providers, which you can reinvest in more cryptocurrency or doggies (a portmanteau of the words “digital” and “currency”).
You’ll most likely hear a lot about the upcoming cashless society and the demise of cash. While there’s truth in this, the world of cryptocurrencies and the world of online marketing are not necessarily tied to one another. In fact, some digital currency enthusiasts believe that a cashless society will only serve to increase the value of cryptocurrencies.
The Increasing Popularity Of Cryptocurrency
It wasn’t long ago that cryptocurrencies were considered strange coins used by tech-savvy people who preferred their privacy. Today, however, cryptocurrencies are everywhere. From small-scale purchases made with Bitcoin (BTC) to major holidays where multiple cryptocurrencies are openly traded, cryptocurrencies have truly hit mainstream. The primary reason for this is mostly related to the increasing popularity of digital-only stores like Amazon that solely accept cryptocurrencies as a method of payment. In one example, the online shop Souq.com allows customers to make purchases using Bitcoin, Ethereum, and Litecoin.
Since the start of this year, the value of Bitcoin has increased by more than 500%. Not only that, but the overall cryptocurrency market capitalization has risen from around $20 billion to $120 billion. With so much enthusiasm surrounding cryptocurrencies, it’s easy to see why digital currency enthusiasts are so optimistic about the future of these currencies.
The Incredible Potential Of Cryptocurrency For Online Marketers
As detailed above, cryptocurrencies are popular due to their increasing value and widespread use. One of the primary reasons behind this is that they offer incredibly secure and efficient payment methods that are extremely difficult to trace (due in part to the inherent nature of cryptocurrencies).
Aside from the payment methods, cryptocurrencies offer a whole host of other beneficial features that make them an attractive investment and a promising store of value. Most notably, cryptocurrencies are completely anonymous, which provides total privacy and protection during transactions. This is incredibly useful in today’s world where financial privacy is a hot topic. Even the language that cryptocurrencies use (called crypto-jargons) cannot be traced back to its source. For example, when someone types “buy Bitcoin” into a search engine, the request cannot be traced to the individual who searched for it. In short, with cryptocurrencies, you can be confident that no one will know you bought that RV or accepted this job offer because someone (perhaps even the government) is watching.
How To Get Started As A Virtual Currency Affiliate Marketer
If you’re interested in getting started as a cryptocurrency affiliate marketer, simply follow these steps below.
1. Decide Which Cryptocurrency To Invest In
There are many cryptocurrencies to choose from, and it’s important to take some time to learn about the various pros and cons of each. Some cryptocurrencies are completely anonymous, while others require you to expose a small amount of personal information. The type of information you might need to provide varies from wallet to wallet, but in general, you’ll need to have an email address, a username, and a password. Keep in mind that if you do decide to provide personal information, you should not share it with anyone.
2. Create A Website
The first step in starting a virtual currency affiliate marketing business is to create a website. While there are many free blogging platforms out there, don’t expect to earn money from a blog immediately. Instead, you’re mainly looking to build a platform that will grow over time, organically, via content that is financially relevant to your target audience. When choosing web hosts, make sure that you’re getting a good deal and that the quality of the service is sufficient for your needs. Additionally, make sure that you’re setting up your website with a secure server (HTTPS) so that you’re protected from hackers. When choosing a domain name, make sure that it’s both memorable and that it accurately reflects your website’s content. Finally, don’t forget to purchase a premium domain that is both SEO-friendly and has a healthy amount of backlinks.
3. Build Your Email List
One of the primary ways that you’ll be making money online is via email marketing. To do this, you’ll first need to build a list of email addresses. There are several ways to do this, but the simplest (and most effective) way is to use a lead magnet to attract potential subscribers to your list. A lead magnet is simply an incentive, usually in the form of a free download, that you offer to potential subscribers to get them to sign up for your email list. A lead magnet could be a free eBook, an audio book, or a simple guide to help them make the right decision. The key is to choose a lead magnet that is both relevant and tempting to your target audience. Once you have your list of email addresses, you can send out regular emails that will promote your various affiliate offerings.
4. Get A Virtual Wallet
The next step in getting started as a virtual currency affiliate marketer is to purchase a virtual wallet. A virtual wallet is a digital wallet that allows you to store and spend your cryptocurrency (mainly Bitcoin) without needing to own actual currency. One of the primary reasons behind the explosion of interest in cryptocurrencies is the lack of physical wallets that can be stolen and the fear of credit card fraud. While both of these things are legitimate concerns, most financial institutions and cybersecurity companies have developed solutions to these issues, making it far less risky to invest in cryptocurrencies than it was just a few years ago. The most popular virtual wallets are provided by reputable companies such as CoinBase and Binance. You’ll be happy to know that, other than needing a virtual wallet to store and spend your Bitcoin, the rest of the steps are pretty easy.
5. Sign Up For An Account With A Payment Processor
The final step in getting started as a virtual currency affiliate marketer is to sign up for an account with a payment processor. A payment processor will link your bank account to the Bitcoin blockchain, which will allow you to transfer funds directly to your wallet at any time from any device, provided you have an internet connection. When choosing a payment processor, make sure that the agreement is both favorable and that the fees are reasonable. Some of the more popular payment processors are Stripe, PayPal, and Coinbase. Just remember, each one of these will charge you, respectively, 2.9%, 3.9%, and 4.4%+ of the total purchase price for transactions made using their services.
By following these five steps above, you’ll be able to get started as a virtual currency affiliate marketer in no time. Remember, though, that this is a high-risk area and you should only do business with reputable providers. Additionally, make sure that you’re aware of any legal requirements and that you’re not violating any laws in the process.