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Keep an Eye on Bitcoins - DailyBlogTips

Keep an Eye on Bitcoins - DailyBlogTips

Keep an Eye on Bitcoins

Posted: 12 Apr 2013 08:37 AM PDT

Bitcoin is a decentralized (i.e., no single country or organization controls it) digital currency. It was introduced in 2009 by an anonymous hacker, and over the last couple of years it is gathering a lot of interest. In fact if you check Google Trends for the term you’ll notice a huge spike taking place at this very moment in time.

The big advantage of bitcoin is that, since you can transfer money without going through a central organization or middlemen, transactions can be anonymous and free or change. Additionally since there’s no country issuing or backing the money the currency is not subject to monetary policy, country-based inflation and so on.

The downside is the security aspect. For one thing not having a country to back the currency up makes it a riskier investment. Second, given that the currency is completely digital it’s more susceptible to attacks and frauds.

If you want to read more about it, check out the Wikipedia entry.

That all being said, what I find interesting about bitcoin is that we are at the very beginning of the phenomenon, and no one knows for sure where it’s going.

Sure, there’s a chance it will flop and die within a couple of years, but there’s also a chance that it will revolutionize money as we know it. And if this happens there will be a lot of opportunities for companies and people, especially if you move early on.

In other words, I think it’s early to take a stand (i.e., don’t rush out to purchase as many bitcoins as you can, as some people are doing), but it’s the right time to start monitoring the developments. After all it’s not every day that something appears with the potential to drastically change the world.

Wanna make money with your website?

Original Post: Keep an Eye on Bitcoins
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ProBlogger: How Early Should You Monetize Your New Blog?

ProBlogger: How Early Should You Monetize Your New Blog?

Link to @ProBlogger

How Early Should You Monetize Your New Blog?

Posted: 12 Apr 2013 09:30 AM PDT

A common question that I get is ‘how early should I begin to monetize my blog‘.

I understand the concern behind the question – some bloggers certainly like to build their audience before they introduce monetization and you do need readers before whatever monetization model you choose will work – but have always believed that if you intend to monetize your blog one day you should probably do it in some way from early on.

I’ve never heard a shop owner ask – ‘how early should I monetize? – shops open from day #1 with products to sell.

Likewise – Newspapers generally run ads from Day #1, Businesses open with sales staff from Day #1, Gyms generally offer membership packages from Day #1… why shouldn’t a blog that intends to monetize start with that in mind.

It’s never too early in my opinion.

Monetizing from the start has a few benefits:

  • Firstly it’ll generate a little income – it won’t be much early on but a little is better than nothing and you’ll be surprised how even just earning a little can motivate and energise you!
  • Secondly – you’ll learn a lot by just trying. The first time I tried to monetize I used AdSense and Amazon’s affiliate program. In the first week of doing so I learned a lot – knowledge that I’ve utilised ever since.
  • lastly, and perhaps most importantly – monetizing from the start means your readers expectations are that your blog is one that will be monetized and you don’t have to break it to an established community that you’re suddenly going to start monetizing in some way.

A better question might be ‘HOW should I monetize early on?’

Some blogging monetization techniques will work better from Day #1 than others.

For Example

If your goal is to sell advertising directly to advertisers/sponsors – you’ll need to build your traffic before an advertiser is likely to want to advertise with you. In that case you might want to consider running ads from an Advertising Network like AdSense or Chitika (aff).

Or if your eventual goal is to sell your own products (an eBook or course perhaps) it may not be feasible for you to have a product developed from Day #1. In that case it might be worth promoting someone else’s eBook or course as an affiliate while you develop yours.

When Did You Start to Monetize?

I’d love to hear your experience – did you monetize from the start or introduce it later? Or are you still waiting for something to happen before you do it?

Originally at: Blog Tips at ProBlogger
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How Early Should You Monetize Your New Blog?
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