{"id":123322,"date":"2018-09-26T07:53:37","date_gmt":"2018-09-26T05:53:37","guid":{"rendered":"https:\/\/www.myza.co.za\/creating-your-own-successful-bitcoin-business-part-32\/"},"modified":"2018-09-26T07:53:37","modified_gmt":"2018-09-26T05:53:37","slug":"creating-your-own-successful-bitcoin-business-part-32","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/creating-your-own-successful-bitcoin-business-part-32\/","title":{"rendered":"Creating Your Own Successful Bitcoin Business-Part 32"},"content":{"rendered":"<p><a target=\"_blank\" target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/mypr.co.za\/creating-your-own-successful-bitcoin-business-part-32\/\">Creating Your Own Successful Bitcoin Business-Part 32<\/a>: <\/p>\n<p><iframe class='youtube-player' type='text\/html' width='740' height='417' src='http:\/\/www.youtube.com\/embed\/OpMxqF2gago?version=3&#038;rel=1&#038;fs=1&#038;autohide=2&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;wmode=transparent' allowfullscreen='true' style='border:0;'><\/iframe><\/p>\n<p>If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at <strong><span style=\"color: #0000ff;\">https:\/\/bitclub.io\/clydethorburn<\/span><\/strong>. Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network. For any answers to questions contact Clyde Thorburn at <strong><span style=\"color: #0000ff;\">http:\/\/clyde-thorburn-seo-specialist-johannesburg.strikingly.com\/#contact-clyde-thorburn<\/span><\/strong>.<\/p>\n<p>Author : My Dirty Little Bitcoin Secrets PDF EBook by Ofir Beigel<\/p>\n<p>I ended up with this. A Bitcoin website for beginners explaining how to buy Bitcoins with PayPal and a credit card. Pretty focused right? Now comes my favorite part &#8211; the assumptions. If you remember correctly we have three assumptions we need to make &#8211; The problem, the solution and goal, and the business model. Here were my assumptions. The problem &#8211; People are looking for ways to buy Bitcoins with PayPal. The solution and goal &#8211; If I supply people with a written tutorial about how to buy Bitcoins with PayPal at least 2% will buy at my recommended exchange. The business model &#8211; I will become an affiliate of the recommended exchange and generate commissions for each sale. Let\u2019s prove each of these assumptions. We will start out with the problem assumption. In order to see if other people experience this problem as well I used the Google KW tool to see how many people are searching for this term each month. Here\u2019s what I got. If you remember what we talked about before, over 1,000 searches a month is a good enough indication for me. So I had my first go. But that wasn\u2019t enough for me, I then checked Google\u2019s autocomplete feature to see if people where actually typing this into Google. Here are the results. Awesome! It\u2019s the second autocomplete result after the very generic, \u201cHow to buy Bitcoins\u201d query. So it was safe for me to say I proved my problem assumption. On to the next one. In order to prove my solution and goal assumption I had to set up some sort of a tutorial so I could test it and see if people actually followed my recommendations.<\/p>\n<p>I also integrated my business assumption into this step, because if people follow my recommendations and become customers of the relevant exchange, I will get my commission. The obvious way to prove this assumption was to build a basic version of the website and test it. But I like to be super lazy if I can, so I decided only to write a Facebook note inside my Facebook profile. Here\u2019s how it looked (you can find the original here). I also signed up to Virwox as an affiliate and made sure to put my affiliate links inside the post. It took me about 15 minutes to write this post and I posted it in two relevant Israeli Bitcoin Facebook groups. At the time there were only 800 people total in both groups. The problematic part about using Facebook notes is that you can\u2019t track them. I also couldn\u2019t track my posting on the FB groups. But what I could see was how many people saw the post (FB gives you that input as the original poster). I checked my stats on FB and Virwox after four hours and saw the following. 30 people saw my post in total on both FB groups. This doesn\u2019t mean they necessarily read it, it only means they saw the link to my FB note. I got three conversions on Virwox (giving me a whopping $  0.96). So even though I didn\u2019t know my exact conversion rate, I could speculate that worst case scenario all 30 people who saw the post clicked on to Virwox and only three of them converted. That still gives me an amazing 10% conversion rate.<\/p>\n<p>Now I know you\u2019re probably thinking about what I said earlier and about how you can\u2019t decide anything until you collect at least 300 samples and you\u2019re right. But sometimes you won\u2019t have the opportunity to collect 300 samples. Back then I didn\u2019t know about all of the other Bitcoin traffic channels like BitcoinTalk and Reddit. I only knew these FB groups so that was my only source of traffic. Having said that, since I had such an off the charts conversion rate (usually it should be around 2%) I decided that even though I didn\u2019t collect enough samples, I would move forward with my idea. So I\u2019ve proven my solution and goal, and also my business model. But there was still one issue left &#8211; I have shown I could make money out of this idea, but I didn\u2019t know if I could make enough money. That\u2019s why I needed one last bonus assumption which was. Bitcoin is going to so big that I will be able to make at least $  1000\/month from this method. But in order to prove this assumption I would have to get some more traffic sources and to wait until Bitcoin is big enough. What I did at that point was turn to Search Engine Optimization (SEO). I wanted my site to come up at the top of the search results when someone searched Google for \u201cHow to buy Bitcoins with PayPal\u201d. I\u2019m going to talk a lot more about SEO in the next part of this book, but for now I\u2019ll just say that because the competition was low I spent $  80 on building a very lean and lazy website that got to the 1st page of Google in about four weeks.<\/p>\n<p>Read more about Bitcoin and The BitClub Network at <strong><span style=\"color: #0000ff;\">https:\/\/mypr.co.za\/creating-your-own-successful-bitcoin-business-part-31\/<\/span><\/strong>.<\/p>\n<p><strong>From:<\/strong> Clyde Thorburn<\/p>\n<p>CLICK HERE to submit a Video Press Release to MyPR.<\/p>\n<p><small><strong>Source:<\/strong> <a target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/mypr.co.za\/creating-your-own-successful-bitcoin-business-part-32\/\">MyPR<\/a><\/small><br \/>\n<\/p>\n<p><a target=\"_blank\" target=\"_blank\" href=\"http:\/\/mypr.co.za\/submit\">Submit your own Press Release<\/a> or get free content for your publication.<\/p>\n<p><strong>Video &#8211; How to post your Press Release on MyPR:<\/strong><br \/>\n<iframe loading=\"lazy\" width=\"700\" height=\"394\" src=\"https:\/\/www.youtube.com\/embed\/9ovzdChGkuU\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<p><small>My Press Release (MyPR) provides free South African targeted content and press releases for on and off line publishers and media. Registering on MyPR enables public relations companies and practitioners to post articles under their own author name. Public Relations Companies and practitioners, event organisers, sports and political writers use MyPR as a distribution mechanism for their press releases, content, images and news. A forever free subscription allows publishers and media free access to all press releases, content and images on MyPR.<br \/<br \/>\nThis press release is courtesy of <a target=\"_blank\" target=\"_blank\" href=\"https:\/\/mypr.co.za\/>MyPR.co.za<\/a> and was automatically curated and published with <a target=\"_blank\" href=\"http:\/\/wprobot.net\/?ref=578\" target=\"_blank\">WP Robot<\/a> plugin &#8211; <a target=\"_blank\" href=\"http:\/\/wprobot.net\/?ref=578\" target=\"_blank\">CLICK HERE<\/a> to learn more about <a target=\"_blank\" href=\"http:\/\/wprobot.net\/?ref=578\" target=\"_blank\">WP Robot for WordPress<\/a> &#8211; a massive time and money saver.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Creating Your Own Successful Bitcoin Business-Part 32: If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at https:\/\/bitclub.io\/clydethorburn. Once [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9021],"tags":[12342,31811,4621,6419],"class_list":{"0":"post-123322","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-mypr","7":"tag-bitcoin","8":"tag-businesspart","9":"tag-creating","10":"tag-successful","11":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/123322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=123322"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/123322\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=123322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=123322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=123322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}