Trying to build a new online business

in The CTP Swarm2 months ago (edited)

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I've discovered cryptocurrencies in 2014 and I've immediately fallen in love with them. I started by using faucets and claimed some satoshis here and there. Later I discovered an interesting business model by running my own faucets. I put ad networks on these faucets and earned money when people clicked some banners.

the end of the golden age of faucets

In the first years faucets made about 90% of all the transactions on the bitcoin blockchain. It was a great time and I earned quite well. I had google ads on my faucets and it paid well.

With time the competition grew and it became more difficult to attract people on my faucets. Then I got kicked out by google ads and other networks. The end of the golden age of faucets was however the introduction of bots. With bots it was software that was claiming form the faucets and bots don't click banners. The income became smaller and smaller and finally I closed most of my faucets. Today I run just one dogecoin faucet but I can hardly cover what I pay to the users.

Building a funnel and a list

I changed my business model and I constructed an e-mail course called the 100'000 satoshis a week strategy. Once people signed up they recieved 7 lessons on how to earn crypto currency with faucets and micro earning websites. About 300 people signed up to this course and I got some referrals for the programs that I presented in this course.

Reinventing my business

Today I'm at a point where I don't want to deal with micro earning websites anymore. I want to do something else. This morning I've watched the webinar of @jongolson and @blainjoines. They asked the following question: What would you do with 600$ to invest in your business. Blain said something very interesting. Before you invest a single dollar, you should know what kind of business you want to develop. It should be a passion or something that you really want to learn a lot about.

I think that is where I am today and where I want to spend time to discover my real passion and transform it into a business.

I want to share my steps here with you and maybe you have an idea for me or maybe you can share how you try to find the idea for your own business.




Let's connect on Hive, Lbry or on Publish0x

My free e-mail course: The 100'000 satoshis a week strategy


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 2 months ago 

Great to hear that you want to develop your business Achim, the thing is if you focus on clicking the faucets you will have to continue with that, you basically won't get out of that level, the evegreen affiliate products is the basic services that is needed for listbuilding and blogging, things that pays residual affiliate commissions and that people will keep using no matter what, the next level is to build your own membership site where you earn residual income from subscriptions to the service that you provide, and it's very important that it is structured so that it really is a service and not a product that you take subscription payments for, I am on this journey myself too and will use 2021 to build these 2 levels, first the evergreen affiliate services to pay residual affiliate commissions, and then I will try to create a membership site after I have built the first part, good luck on your journey and have an awesome weekend.

Thanks a lot for this amazing comment my friend!

the basic services that is needed for listbuilding and blogging

I've been trying to promote such services for a very long time to my list. I wanted to show people how they could get referrals for themselves. The problem that I encountered is that the learning curve is quite steep. Most people are not willing to invest the time and money to really build a business. They all want the quick buck :-)

You seem to have a nice game plan. Let's see how we manage to grow our businesses in 2021 :-)

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 2 months ago 

Thanks Achim, it is very important that we make it super simple to duplicate what we do, basically just plug and play by adding a few affiliate ID's and some emails to the autoresponder and get them on their way, otherwise they won't do anything regardless of how much money they can make.

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 2 months ago 

Darn! I have expected that you already have a great business idea, and I can only copy from you... :P

Without joking, I'm in a similar position at the moment... Have some (possible) ideas but still hesitating a bit... Like you, I do a lot of things at the moment, but somehow, I have a feeling that I need some "core" that I can focus on (and around) that...

And thinking about something that will last for more than 3-4 years is almost mission impossible... But, I'm OK with that... Doing something for that time will open a door to something next...

I hope you will find your "idea" and I know that you will develop it greatly...

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While writing the post after the video I had like the feeling that it's maybe an illusion to create something lasting for a long time. Maybe it should be something dynamic that evolves over time. Maybe the whole concept of evergeen has to be rethought on the face of the fast evolution that we see.

I have a feeling that I need some "core" that I can focus on (and around) that...

It's the same for me. At the moment I have the feeling that I'm doing a bit of everything without a real concept. I like it but I believe it could be done much better with a kind of focus around which everything turns.

Thanks a lot for your comment!

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 2 months ago 

Maybe the whole concept of evergeen has to be rethought on the face of the fast evolution that we see.

Totally agree about this! Bringing something up from the past and putting on makeup will not make it different... It will come to the same point where it stopped before and did the same again...

It has to be different, it has to be dynamic, and it has to be appealing for new people, for new generations... I think that the last thing we mostly forget to think about... as we are getting old... lol...

Cheers!

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Very interesting video, @achim03 ! I didn't realize you were a faucet owner with a history!

Like you, I have a list that is all about how to earn satoshi and alt coins with faucets. I totally "get" that it seems a bit silly to be fiddling around with a few satoshis here and there, but on the other hand, it is a nice, risk free, way to introduce people to the world of crypto.

And yes, the thought you added in response to @ph1102 about "it's maybe an illusion to create something lasting for a long time" really resonates with me! The idea behind one of my blogs, and also behind my membership site, EliteDownlineBuilder, has been to recommend a core "Top 5" affiliate programs that have stood the test of time. The problem is, things change! LOL!

A business suggestion? As you know, I am training myself to work with crypto futures trading with my January "RookieTrader Stormgain challenge." I also want to train others to do the same using the Stormgain platform. Not only is there a lot of potential in futures if you can discipline yourself to learn how to trade, the affiliate program is also very nice.

So, my first suggestion is to join me in doing that!

And my second suggestion is to create some kind of futures trading site for the Hive blockchain tokens! How crazy would that be? Is it even possible?

Thanks a lot for your amazing comment! It's really difficult to find evergreen products or services nowadays. Things are changing quickly and I think a modern service has to be able to adapt to these changes and maybe make out of these changes a new type of business.

You have a great project with the future trading platform. About 15 years ago, I was working in a bank and trading was a big part of my work. I've realised that it is something that doesn't do me good in terms on health. I was in constant stress and didn't manage to ignore my emotions. I probably won't go there again but thanks a lot for your suggestion :-)

!ENGAGE 20

We are learning more and more about your past, @achim03 ! I certainly wouldn't want to trade other people's money on futures for a living either! I'm sure that would be very stressful.

I can assure you that it is ;-).

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I wish you all the success. Web3.0 will be going to game changer so we need to hang on there.

Blain, Jon and you are really creating some nice business ideas here.

What is great in this community seems that everybody is trying to learn, invent and develop. It creates a very positive and constructive environment. Thanks a lot for your comment !

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Hi @chireerocks, Thanks a lot for your comment. You are totally right and I believe that in our times the changes are more frequent and we have to learn to adapt regularly to the situation.

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Welcome and that's true.

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