One of the best ways to make money is capitalizing on trends.
Specifically if you're an early adopter.
Whether you do eCommerce, blogging, content creation, app development, etc.
What better way to do that in start of the coming age of "the internet of money."
Making money online has become a huge phenomenon making 1,700 millionaires. From people selling products on Amazon, creating a blog, making software to kids and regular people creating personal brands, reviewing products, posting pictures of their life and everything in between. There are so many ways to make money doing what you love and the emergence of cryptocurency and blockchain technology is a great way to use existing platforms and the internet to monetize.
I'm going to talk about the ways cryptocurrency will directly make you money and ways you can indirectly make money with cryptocurrency.
Direct Ways to Make Money With Cryptocurrency
ICO Investing
ICO investing similar to investing in IPO's is when you purchase a coin or token through a company that
Day Trading
This involves understanding what's called technical analysis and spending hours staring at a computer screen.
Indirect Ways to Make Money With Cryptocurrency
As I'm writing this article, cryptocurrency is being searched 1,830,000 times a month. Bitcoin is being searched 13,600,000 times a month.
It's a hot topic people want to learn about and it's a way for you to create a business using some of these business models to start.
Affiliate Marketing
If you have a personal brand, blog or any sort of audience that you have a point of contact with whether it's social media, email or a website, you can use what is called affiliate marketing to passively make money.
What is affiliate marketing you might ask? Affiliate marketing is simply recommending other people's products and getting paid a commission based on what the affiliate network pays you. Amazon has the largest affiliate marketing program you there and I use some affiliate links below this article.
Online Course
If you are qualified to talk on a certain subject such as investing in cryptocurrency, you can make online programs in which you try to teach people using platforms like Udemy or Skillshare and sell the course.
Your goal with a course should be to get students a specific result. It takes some marketing an some time to create the program but doesn't involve too much money, it can make you money passively and has very high margins.
eCommerce
Amazon is the largest online retailer and is one of the tech giants with potential to become the first trillion dollar company.
eCommerce specifically is expected to double in the next 5 years (2016 - 2021).
You can start selling t-shirts, mugs or even physical bitcoins.
Bitcoin ATM
You wouldn't commonly think of buying an ATM even though you've probably used one but the owner of those ATM's make money on autopilot when you pay a fee for a transaction.
As crypto and bitcoin becomes widely adopted, people are going to have a need to transfer their Bitcoin on the go.
A Bitcoin ATM is a perfect opportunity if you have the financially capabilities, to create passive income. If you're able to talk to some business owners and set up your ATM, you will be able to generate a couple hundred to a couple thousand a month.