Creating Your Own Successful Bitcoin Business-Part 33

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Author : My Dirty Little Bitcoin Secrets PDF EBook by Ofir Beigel

Here’s what I spent the money on. $10 - Domain name $50 - Hiring a freelancer to write some content for the site (explained in the next chapter). $20 - Hiring someone to build some links for me so the site will rise faster on Google (NOT RECOMMENDED!!!! I’ll talk more about this later). Here’s a screenshot of my profits from April 2013 until October 2013. The profits are in a currency called SLL (Second Life Lindens) and if you divide them by roughly 252 you get to their USD value. But I already did that and wrote in red how much I earned in USD each month. So there you have it. This is exactly the process I went through to get started with 99Bitcoins. Since then the profits have grown even further and reach even $10K/month in some cases. Of course today I have several income channels and not only Virwox. In the next part of this book you’ll learn exactly how I grew my website from generating $1K/month to $10K/month, but for now I want you to be crystal clear about how to use lean methodology to test out your own business ideas. Some people avoid starting their own online business since they lack the experience in fields like web design, web programming etc. The beauty of the 21st century is that thanks to the Internet you can now hire someone from the other side of the world to do all of those things for you and you will probably end up paying a fraction of what it would have cost you in the first place. I use freelancers A LOT. And when I say a lot I mean I barely even deal with actually working on 99Bitcoins directly.

Here are some of the things I delegate to my freelancers. Design of the site. Writing news articles. Promoting the website on social media. Coding my 99Bitcoins Android app. Coding my 99Bitcoins WordPress widget. Fixing technical issues on the site. I almost don’t do anything that isn’t related to the strategy of the site - planning where the site is going. Once the strategy is laid out, I use freelancers to carry it out. This bonus chapter is here to help you wrap your head around the freelancer markets and give you practical tips on how to hire the best ones so you won’t have to work so hard. Today there are only four major freelancer marketplaces I use. Of course there are many others around the web but I found that through these four I can get most of my jobs done. Upwork. Probably the site I use the most. Upwork is a great place to find programmers for your website. If you encounter any technical issues, this is the place to start figuring out how to fix them. I tend to use Upwork mainly for programming tasks. Elance. I consider Elance to be somewhat of a more expensive Upwork. You can find many US contractors here and if you’re looking for anything writing-related I’d definitely look here. Since Elance has higher quality freelancers, it’s usually more expensive. Fiverr. This is the flea market of freelancer marketplaces. Here you can find all sorts of tasks to be done for as little as $5. I use Fiverr when I need a quick fix for something, like taking care of a minor bug in my WordPress theme.

I call it the flea-market of freelancer marketplaces since you can find some totally mind-blowing bargains. I actually hired the voiceover for ALL of my instructional videos through Fiverr. Basically I got a two-minute, professional native English voiceover for only $15 - this would have cost me $200 anywhere else! 99Designs/tasks. This is a relatively new marketplace by 99Designs. 99Designs is a website that allows you to hold a contest for your next design idea. Let’s say you want to design a website. You upload the wireframes to 99Designs and announce a prize for the winning design. You will then have several dozen designers competing on your contest and designing your idea. All you need to do is pick the winner. The awesome thing about 99Designs is that you get to see different design ideas and the final design before choosing a winner. But I’m getting off track here. The main feature that I use in 99Designs is called “tasks”. This is used for small design job such as fixing a banner design, changing the color of a logo, etc. All jobs are done for $19 and within 1 hour. So if you have a small design job you need to take care of quickly this is the place. You can still use Fiverr for these kinds of tasks but Fiverr usually has low quality designers. Holding an auction for your next job. I’m going to focus mainly on Upwork and Elance in this chapter since these are the two biggest marketplaces you’re going to use. They are also the place where you will probably spend the most money. When you come to hire a freelancer you are basically holding an auction.

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