Mar 7, 2021
Three ways to make $10,000 per month with Blockchain in 2021
After conducting blockchain training sessions for the last two years, I learned a few things along the way. In this article I will show you three different methods to make $$$ with blockchain in 2021. But first of all, why consider blockchain?
Blockchain technology is now considered to be a strategic technology for enterprises. After the pandemic in 2020 impacted almost every industry across the globe, and especially small businesses, companies are looking for technology solutions to remain competitive, improve their quality of services and reduce churn. As customers became more demanding and competition from startups taking more market share from traditional companies, and of course it appears the pandemic impact will continue until 2021, it is time to really focus on what matters most: reduce customer churn.
A report published by Forbes online, in January 2021:
The report outlines the four strategic technologies that companies must focus on to remain competitive and maintain their market shares. The technologies are: Cloud, AI, Blockchain and Cyber-security. If a company is able to implement projects in these four strategic technologies then its most likely to leapfrog the competition and be leading their domain. Blockchain has many advantages such as reduced opex (operating expenditure) cost, improve service quality, and reduce churn rates. As many companies have benefited from blockchain by integrating it into their products and services, such as Emirates NBD for their cheque issuance, it is now clear blockchain has many benefits if implemented their right way.
A report called The Digital Economy Report, published by UNCTAD in 2019
The numbers are shocking, 75% of blockchain patents are owned by US and China based entities. More than 75% of cloud computing market is owned by US and Chinese entities. This is a clear indicator that blockchain and cloud computing will be playing a critical role in the future of the digital economy, the US and China know this. So what is the relationship between Cloud and blockchain you may be asking. The majority of Cloud service providers are now offering blockchain services on their platforms, such as Amazon AWS, Microsoft Azure, and Consensys Kaleido. And many companies are using those services because of reduced costs. Those Cloud service providers are also offering many helpful tutorials on how to start your blockchain solutions on their cloud making it very easy for developers and analyst to start testing the blockchain applications for their companies.
All of the above confirm that blockchain technology is in such high demand right now by global commerce and especially in financial services companies which many of them are embarking on a digital transformation journey making blockchain a crucial part of that journey. This makes blockchain a lucrative opportunity for those interested to monetize.
Here is a video link that summaries this article:
Here are the three methods that we will discuss.
- Blockchain Marketing:
Under Blockchain Marketing you have Affiliate Marketing and Content Marketing two areas that allow you to monetize.
With Blockchain Affiliate Marketing, in this area you can earn revenue by promoting blockchain courses, training, webinar sessions, online conferences. As demand for blockchain technology is growing rapidly world wide, many education service providers are now offering blockchain training courses with an affiliate program. Where you can earn anywhere between 20% to 50 or 60% in commission fees for every sale that you make. The average price of blockchain courses is $300 give or take. So imaging if you make one sale of a training course, you can earn $150 straight into your PayPal account. This option is an attractive opportunity for digital marketing, affiliate entrepreneurs to capitalize on and earn a passive income. Companies such as Blockchain Council, Consensys Academy and host of other education providers are offering affiliate commissions on promoting their blockchain courses.
The second aspect is Blockchain content, where you can promote blockchain based articles, copy writing material, product reviews and announcements for different startups and existing businesses to promote their products and services. There is now an explosive wave of fintech startups that are using blockchain in their service offerings, also known as Defi — Decentralized Finance. As the competition between blockchain startups intensifies this is creating high demand for great quality copy to announce those startups.
There is now an explosive wave of fintech startups that are using blockchain technology in their service offerings, also known as Defi — Decentralized Finance.
2. Blockchain Careers:
When you look at the career site:
This career site specializes in blockchain based positions globally. Almost on a monthly basis there are positions offered such as: Blockchain developer, blockchain solution architect, Crypto Currency software Develop, Dapp (Decentralized Application) engineers, Blockchain Project Managers and so on posted from different companies. The majority of these companies are based in the US, Australia and Europe. So if you are current a project manager, developer, or business development professional, there are now options for you to easily transition into these blockchain based roles. By enrolling into blockchain training, and researching the available roles on job sites, most of the positions are looking for one to two years experience because the technology is so new. Many technology professionals who were impacted by the pandemic did actually that, upgraded their skill sets and transitioned into blockchain based positions.
3. Crypto Currency Trading:
As Bitcoin’s price been spiraling out of control over the last six months. Just in the last year alone, it shot up from $6,000 to $50,000 alone. The good news is when Bitcoin soars so does the price of other alternative crypto coins making it an attractive option for the market. The majority of users investing in Crypto started off as buying Bitcoin, however now you have other options to consider in order to maximize your returns in crypto trading. For example, now you have Crypto bots such as Napbots and NapoleonX.
With Crypto Bots you have options, where you can program the bot to buy Bitcoin if it goes down by 5% or it hits a certain price point. And sell if it goes up by 6% for example or again hits a certain price point.
2. The second option you have is to let the Bots do the trading for you by allocating an x amount in your portfolio. Many of the smart bots use advanced algorithm investment strategies to maximize the returns for their users.
Another powerful strategy available by some of the crypto exchanges is Copy Trader. For example, eToro offers this where you can view existing experienced traders and look at how they performed over the last year or so, and you can set your portfolio to copy their trading activity. So whenever experienced “Mike” makes a trade by buying or selling any kind of crypto, you can set you portfolio to copy his trades instantly, this way, you do not have to worry about the daily price of crypto, you simply : set it and forget-t. You can simply monitor it once or twice a week, to see how things are going.
3. The third popular option in trading now is called Arbitrage trading. And this is how it works. When buying or selling Crypto, every crypto currency exchange can make the buy on a different price. This is dependent on how liquid they are, and their exposure to that Crypto currency plus their daily average volume of transactions and a host of other factors which are beyond the scope of this post. For example, imagine if you wanted to buy $100 dollars worth of BTC (Bitcoin),
— Exchange A will allow you to buy it at 0.0020 BTC.
— Exchange B will allow you to buy it at 0.0019 BTC
— Exchange C will allow you to buy it at 0.0022 BTC
Naturally you would choose Exchange C, because for USD 100 you will get the highest BTC units in your wallet. Now when it comes to selling your BTC units, the same thing, each exchange will get you a slightly different rate depending on their holding positions, liquidity and so on. Naturally you would go to the Exchange that will give you the most USD for you BTC sell hence maximizing your profits. Arbitrage trading is normally for advanced users, so you need to do deep research into it, plus its not a sure way of getting higher profits on your trade, so please conduct your research and make a decision.
And there it is, the three different methods on how to make $$$ with blockchain, each method has its own nuances depending on what you are comfortable in or where your experience lies. The easiest one to start is Blockchain marketing, specifically blockchain affiliate marketing, where you do not have to have any kind of skill sets, the only thing you would need is a website, and there are many different digital marketing options to get you started. With blockchain content and copy-writing, you would need to develop the skill set of great copy writing in order to get hired for different projects. With Crypto trading, you need zero skills to get started, you can buy and sell Bitcoin for $100 and see how things go and learn from it, and then delve into other crypto currencies.
The blockchain world offers a brand new economic model that did not exist before. The good news is there are many opportunities with crypto investing that you can leverage, the only thing you need to do is learn. The most effective way to get into crypto is get to know a professional trader and learn from him. The other way is sign up for Crypto trading classes to understand the fundamentals and then start small. Remember to always invest in money that you can afford to loose, and never burrow money or take a loan to buy Crypto currency, it is highly not recommended. Also note that no one can predict the price of crypto it is pure supply and demand. Why consider getting into crypto in comparison to other investment products, well its simply another investment option. And we all know the problem of inflation tied down to our local currencies.
