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[METHOD] Learn How To Make Your First $100 Online

Discussion in 'Making Money' started by BloodyNinja, Feb 17, 2017.

  1. BloodyNinja

    BloodyNinja Power Member

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    Everyday someone on BHW creates a topic stating he or she cannot earn a dime online.

    What's the right answer to those threads? Go work at McDonalds!

    But today I felt gracious and decided to spend some time explaining what actually stands behind your inability to make money online and how to fix it. Don't think this is another theory thread, I am going to give you the exact step-by-step instruction how to earn your first $100.

    So... when you tell you cannot earn money online, what does it actually mean? It means you don't want to work. As simple as that. Anyone willing to learn & work can make money online. Making money online might be hard but not impossible. An entry barrier might be high but you still can enter.

    Enough theory, here's my method for you:

    Creating a blog and monetizing it

    Step 1

    Create a self-hosted wordpress blog. Choose any simple theme. Install common plugins like SEO friendly URLs, cache, image optimizer and so on. These are not exact names, you can find information how to setup a wordpress blog elsewhere. If you are doing this for the first time, expect to spend 4-5 days or maybe more setting everything up.

    Step 2:

    Start writing about Bitcoin.
    Why bitcoin? Bitcoin is a trending industry, the volume of related searches in Google increases steadily. People want to learn about it and understand it better. The competition is not yet overly high and the topic is complex enough to never run out of interesting things to write about.

    What to write about?
    Here are some examples:
    • Write about bitcoin exchanges, what are pro's and con's of every exchange?
    • Compare different bitcoin wallet software to each other.
    • Explain how to buy bitcoin online.
    • Explain the best way to buy bitcoin in every country. Did you know that there is an enormous interest towards bitcoin in Nigeria?
    • Explain blockchain to people in simple terms
    • Explain how blockchain can be applied besides bitcoin
    • and so on.... I just pulled these topics out of my ass and spent only 30 seconds doing it. You can think of lots more if you put some time in it.
    What if I cannot write in English? Find a student, who's a native English speaker, and partner up on the following terms: you provide research materials, he or she transforms them into articles.

    What if I don't know shit about bitcoin? You will learn it along the way. No one knows shit about any industry he starts in. It's normal. When you start writing a blog, people will start perceiving you as an authority. Their feedback will provide you with new ideas and insights. This is how things work. You just need to start working.

    Step 3

    Forget about SEO. If you write about interesting things, people will find your blog through long-tail keywords and link to your blog from Quora, Reddit, internet forums and maybe even other blogs. This will do the initial SEO for you. The problem of most noobs is that they overthink things and believe they should be doing this and that and thousand other things. While actually, you need to laser-focus on just one or two. Achieve more by doing less.

    If you write consistently 1-2 articles per week and put up interesting material, 6 months later you will have enough traffic to start monetizing the blog.

    How to monetize:
    • Referral links to bitcoin exchanges
    • Paid blog posts (don't spend time looking for clients, if your blog is good, they fill find you by themselves)
    • Banner networks specialized in bitcoin websites like https://cointraffic.io/
    I guarantee that at this point display ads solely will bring you $100 / month in revenue. If they don't, that means you hadn't been working hard enough.

    Step 4

    Your product has brought the first money. This means now you understand a bit how to create a product that is in demand (a bitcoin blog in this particular case). It's time to learn about product delivery. Buy "Traction: How Any Startup Can Achieve Explosive Customer Growth" book written by Gabriel Weinberg and Justin Mares. It will provide you with necessary basics.

    Don't read it until you figure out product creation. It will only make your head spinning. Make one step at a time and always remember to focus on just 1 or 2 things.

    Afterword

    I know what you are thinking now.

    Did you just say that I have to work hard for 6 months to start earning $100 a month? I could earn more tomorrow at McDonalds!

    No shit, you could. Everyone could. But not everyone can earn in internet marketing. Not because it is impossible but because you don't have necessary skills. During these six months, you won't be earning money, you will be earning your new skills.

    You will learn how to write blog posts. You will learn how to become an authority in a specific field. You will learn how to setup and manage a website. You will learn how to contact and negotiate with counterparties online. And you will learn a fuckton of other things.

    Think about how much time and money people spend to study in a university. And what they get as a result? Theory! You have an opportunity to get a ton of practical experience by only spending your time, which otherwise you would have spent anyway surfing facebook, playing video games or doing some other stupid shit. A lucky motherfucker. If this doesn't feel good enough for you, this is my final advice to you: reconsider McDonalds, srsly.


    P.S. I belive this method can be applied to any industry. I took bitcoin as an example because I have an undeniable proof that in this industry the method works.
     
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    Last edited: Feb 17, 2017
  2. BlueSnow

    BlueSnow Regular Member

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    Any advice for people who are not native English speakers?
     
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  3. trfoti

    trfoti Registered Member

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    ;) Nice thread OP
     
  4. BloodyNinja

    BloodyNinja Power Member

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    Did you read the post or just skimmed through it? I answered your question already.
     
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  5. sparkspark

    sparkspark Newbie

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    I'm not so into writing blog
    Any other advices? McD is not an answer in my problem
     
  6. Alchemist Malta

    Alchemist Malta Newbie

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    Nice one man, easy concept and easy steps to follow. Without any or much investment. Guys cant go wrong if they follow, put a little work and patience in.
    Best success to you
     
  7. BloodyNinja

    BloodyNinja Power Member

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    Go work at McDonalds, srsly.
    When you start vomiting from thinking about waking up at 7:00 and going to work, reconsider blogging.

    "I am not so into X" is an excuse for dumb lazy girls. If you are not one, promise this was the last time you used it.
     
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  8. BlueSnow

    BlueSnow Regular Member

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    Sorry, I just skimmed through when I saw it was about writing a blog.

    Thanks for the method.
     
  9. terrycody

    terrycody Supreme Member

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    For those who didn't know OP, he is a real ninja expert from what I can tell , so the guide here is damn DOABLE, good job as always mate!
     
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  10. Robin Chung

    Robin Chung Newbie

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    Very good advice!
    "During these six months, you won't be earning money, you will be earning your new skills." <---- completely agreed.
    Thanks!
     
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  11. LJ Junior

    LJ Junior Regular Member

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    Excellent Info. I work on Bitcoins ( Not Mining, just a payment gateway ). Hell ya, one can even write articles about how efficient and cost less bitcoin payment gateway can be..send them to your sponsored links and make money. This can really a good, simple guide.

    BTW, I like the title, " Learn How To Make Your First $100 Online "
     
  12. nofight

    nofight Newbie

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    Create 10-20 blogs then after 6 months
    10-20x100$= 1000$-2000$ per month
     
  13. BloodyNinja

    BloodyNinja Power Member

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    It's easier to scale from $100 to $1000
    and even easier to scale from $1000 to $10000
    than it is to scale from $0 to $100.

    My advice would be to make a product that is in demand, then scale.
    Making 10-20 products at once will spread your effort thin. It would be as good as focusing on 20-40 tasks simultaneously.

    The rule of focusing effort on achieving goals:
    A rookie can focus on 1-2 goals at once.
    A professional can focus on 2-3 goals at once.
    A team (organization) can focus on up to 7 goals at once.
    No one can focus and effectively work on more than 7 goals.
     
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  14. Olivia.

    Olivia. Registered Member

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    Really helpful. Thanks :)
     
  15. Sherbert Hoover

    Sherbert Hoover Jr. Executive VIP Jr. VIP

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    Great thread. I bet all the people who already run Bitcoin blogs are going to hunt you down now and burn you at the stake.
     
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  16. 2colt5

    2colt5 Junior Member

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    Great information man, thank you.
     
  17. daimaku

    daimaku Registered Member

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    thank you for the information, very interesting and useful, i have a question, how much traffic will be enough to start monetizing the blog ?
     
  18. Akinyande ayo

    Akinyande ayo Regular Member

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    spot on OP, but the blogger would still have to build traffic as serp traffic may not be fast coming since it's a new blog. the truth is that, you're rewarded for your hard work in blogging or any other internet business.
     
  19. BloodyNinja

    BloodyNinja Power Member

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    Revenue from methods like paid blog posts and referral links is hard to estimate. Display ads are easier, though CPM depends on many factors like niche, quality of your website, quality of traffic, media broker and perhaps your negotiation skills.

    I used the following assumptions (which are backed by some experience of course) writing this method:

    $2 CPM is achievable in almost all cases unless your website is total shit
    $3-4 CPM is what you should aim for with good traffic and some ads location optimization

    With $2 CPM you need 50k visitors to make $100 or 1666 visitors a day.
    with $4 CPM you need 25k visitors to make $100 or 833 visitors a day.

    833 visitors a day is achievable with 30-50 good blog posts without SEO optimization. This is a pretty conservative estimation :) E.g. one link successfully posted on Reddit could give you 1k visitors in a matter of hours.

    If you write 1-2 blog posts a week, completing 30-50 blog posts will take roughly 6 months.
     
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  20. BloodyNinja

    BloodyNinja Power Member

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    I agree that it's easier to get traction if you do some promotion. The promotion should neither be complex (e.g. SEO) nor take much time. Spending 15 minutes a day to answer a couple questions on Quora, post a link to reddit, write a couple comments on reddit and make a few tweets is enough for a newbie. Serious promotion should begin at the moment you have something to promote. If your blog is under 30 articles, your best time investment is writing more articles.

    Newbies often fall into the fallacy that they need to know many things and execute them simultaneously (and perfectly :)). While in reality, the only thing they need is to start working and focusing their effort on achieving clear milestones.
     
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