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Creating Your Own Successful Bitcoin Business-Part 31

Invest In Bitcoin And Other Types Of Crypto Currency And Crypto Coins By Joining The BitClub Network

· Bitcoin,BitClub Network,Crypto Currency,Crypto Coins,Cryptocurrency

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 Here For Free. 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 Here.

Invest in Bitcoin and other types of Crypto Currency and Crypto Coins by joining the BitClub Network.

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

Akismet. Prevents people from spamming your blog with irrelevant comments in order to get links to their site. Bitcoin Ticker Widget. Our own Bitcoin price ticker which shows Bitcoin prices from four different exchanges. WordPress SEO by Yoast. A plugin that will help you configure your blog for Search Engine Optimization (SEO). We will discuss how to use it in Part III of this book. ThemeForest. A market place for premium themes. These themes cost a higher price but are totally worth it. This is not so relevant for your MVP as it is later down the road. 1. Let’s get to work. Look at your solution and outcome assumption and think about the best way to build an MVP for it. This needs to be a “lazy” version of your final project. 2. Go ahead and build your MVP! Try to think if you can use one of the website alternatives suggested in this chapter instead of building a complete website. 3. If you have to build a website - make sure to go through all five steps and have it up and running. 4. If you’re building an information product/site - Add the general content to your MVP. This would be the “contact”, “about”, “terms” and “privacy policy” pages. 5. If you’re building an information product/site - Add the core content to your MVP. This would be the articles on your selected topic. 6. Set up tracking to your MVP and define the goals you want to achieve. 7. Measure enough samples to decide if the MVP is a success or a failure. This homework concludes everything you’ve learned on how to implement lean methodology to your Bitcoin business idea.
 

Once finished you should have a clear idea if you’re going to move forward with your idea and market it like a pro (next part of this book) or go back to where you started and come up with a new idea. Now you know how to create and validate an MVP. I wanted to take the opportunity of this final chapter to show you the whole process I went through with 99Bitcoins from start to finish so you can see how I implemented everything we covered up until now. The idea I chose for 99Bitcoins originally was just an information website about how to buy Bitcoins with PayPal. I found a single exchange that allows you to do so and luckily enough they also had an affiliate program. Coming up with my best idea through analysis. Of course I measured this idea against other ideas with the “Beigel Analysis” as I explained in previous chapters, and here’s how I evaluated it. Need. I came up with this idea out of my own personal need of buying Bitcoins with PayPal and seeing it was a difficult task. So I assumed (and proved this assumption later on) that this is a big enough issue for all new Bitcoiners. Overall need score I gave this was 4 out of 5. Viability. Since I was pretty well versed in building websites and internet marketing techniques, setting up an information website was completely viable as far as I was concerned. The viability score was 5 out of 5. Competition. Searching on Google didn’t give me any results for competitors talking about this.
 

However I did find out about this method from a different site that was doing the same thing. So there was little competition which is exactly what I wanted to find out. However I was afraid it may be too little, meaning there’s not enough money to be made. I ended up giving the competition rating a 3.5 out of 5. Profitability. This was by far the biggest enigma. Since I knew I could make money out of this but I didn’t know if I can make large amounts of money. And I didn’t want to spend my time on a project that will bring me $100/month. Seeing as Bitcoin wasn’t still mainstream at the time, but I felt it was pretty close to getting there (since it was featured on TechCrunch) I gave profitability a score of 2.5 out of 5. The total score I got for this project was 4+5+3.5+2.5 = 15. This was the highest score out of all of my other ideas (which included a Bitcoin news site, a local Bitcoin exchange and some other stuff). Like I said before, there is no exact science to this. It was all based on educated guesses and I may have been wrong. For example, Coindesk which was established the same time I started out is now a HUGE website. Don’t be afraid to be wrong about this, you’re just at the beginning and it’s better to test things out quickly and find out if you were wrong now instead of failing after you’ve invested a lot of time and money. Now I had to craft my idea as laser-focused as possible. I could just say it’s a “Bitcoin beginner’s guide”, but I want to be as focused as possible at this point.
 

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