Getting Paid In Bitcoin For Your Services – Is It Worth It?

 Getting Paid In Bitcoin For Your Services – Is It Worth It?

Before Bitcoin prices reached 5 digits, many people, freelancers mostly, were already getting paid in bitcoin. But now that prices have reached all-time highs, people are thinking of joining the fray and getting paid for their services or products, not in fiat currency, but in bitcoins. The big question is, is it worth it?  

Some may say it’s not worth it because bitcoin is extremely volatile. One minute the price is at a certain amount and the next 5 minutes, it’s down by several hundred dollars. If you’ve put a lot of effort into your work, then you might feel faint at the thought of losing your hard-earned cash in a matter of minutes. Of course, this scenario will only happen if you decide to hold on to your bitcoins instead of exchanging it for your local currency at your favorite cryptocurrency exchange.  

Imagine this second scenario though: what if you held on to your bitcoins and the price suddenly jumped to twice the original price? Then you’d feel like you’ve won the jackpot, right? Because you’re essentially going to get paid at twice your rate! If the bitcoin you’ve received is equivalent to, say, for example, your salary of $5,000, with bitcoin prices going up twice the original amount, then you just got paid $10,000! That’s pretty exciting, to say the least.

The decision to get paid in bitcoin is, of course, yours alone. But there are so many positive benefits to this cryptocurrency you should at least look at the bright side before you say no to an employer or client who’s thinking of switching you over to bitcoin payments.

Bitcoin payments are fast and cheap. You no longer have to wait days for payment to arrive at your bank and you don’t need to pay those hefty bank fees your bank charges you for withdrawing your money. You can receive bitcoin payments any time of the day, and you’ll usually receive it within 10-45 minutes.

If you’re averse to the volatility of bitcoin, you might want to consider holding a very small part, maybe 5% to 10% of the total amount, and exchanging the rest to your local currency. Who knows, you just might be able to take advantage of Bitcoin’s volatility and before you know it, your bitcoins might be worth more than your entire year’s salary.

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How to To Create Your Own Products.3 Easy Ways

When it comes to making money online there is nothing MORE POWERFUL than owning your own product. 
When you have your own product you have several BIG advantages over even the best affiliate marketers. Here are the top three.

1. You keep 100% of the sale price, which means you can afford better advertising sources.
2. You can recruit affiliates to drive traffic for you and only pay them after a sale is made.
3. You become an attractive Joint Venture partner since you now have a list of buyers, not just readers.

There are many more reasons why you want to have a product of your own. But those three alone should convince you of the money making power behind being a product owner.
But creating products can be hard, right? There are SO many steps.

• Have the idea.
• Do the research.
• Choose the format - written, live, video, membership, etc.
• Determine the best price point.
• Write a sales letter.
• Find qualified prospects.
• Buy advertising to drive traffic.
• Create the product.
• Put it online.
• Keep it updated and current.
• Provide customer support.
• And even more!

There are  THREE EASY WAYS to create your own products quickly and easily.

Method 1 - Resale Rights

The absolute fastest way to "create" a product of your own is with resale rights.
When done right, resale rights products can do some amazing things for you.

• Provide you with a product you simply could not have created yourself.
• Put money in your pocket quickly.
• Give you a durable product that can be sold continuously.
• Empower you to set up an affiliate program of your own, so others can promote for you.
• And even more!

1. You must buy resale rights products of the highest quality from the most trusted sources.
2. The product you buy must make sense to you. In other words, you need to understand the product enough to see the path forward.
3. There must be support if you need it. As a resale rights owner you will need a PayPal account (or other way to collect money). But you will also need to put a sales letter online. And your supplier should help you do that, or provide a recommended resource to help you.
4. You must receive a sales letter, and marketing materials, that are proven to be effective. You do not want to buy rights products and then have to reinvent the wheel when it comes to marketing.

Finding great resale rights products can be a challenge. While you can Google “resale rights” and find plenty to choose from, the quality will often disappoint.
When looking for resale rights products, I ask these two questions.

1. What vendor do I trust online? If I have bought something from someone and been happy, my customers will likely be happy with products from that supplier.
2. What person do I trust online? This can be hard to find, depending on your niche. But knowing the person behind the product can be huge.

Method 2 - Interview Others

This is a method of product creation that was popular about 10 years ago but lost its popularity (for reasons unknown to me) and is now surging back.

• The product owner you interview wins because he or she gets exposure to new audiences.
• You win because you create a product by simply curating the information in the interviews into a product for sale.
• Your customers win because they get access to experts they would not normally know about for the lowest price possible.

Most people think that “interviewing” experts means being on camera in a live interview and asking probing questions.
Not true at all.
The goal here is not be Oprah but to make it easy for the person being interviewed while delivering value to the people who buy access to the interviews.
Since this article is not about doing interviews, let me close this section with two idea starters.

1. Do an email interview. Write out five questions to which you would like to have answers. Email all the experts you can find in your niche and be transparent about what you are doing. Compile the answers into a PDF so that you can sell access to the downloadable PDF. Offering to share profits is very wise here.
2. Use a simple technology like Skype (or Instant Teleseminar) to record voice interviews. Then sell access to the recordings inside a simple membership area using WordPress for access.

Method 3 - Outsourcing

 Three keys to outsourcing effectively.

1. Being able to see actual samples of the person’s work before placing the order.
2. Communicating openly so that the outsourcer clearly understands what you are wanting and commits to delivering on time. That includes showing the potential outsourcer examples of what the finished product should look like.
3. Establishing definite milestones so everyone is on the same page when it comes to expectations and timing.

Underlying this of course is the idea that you can afford outsourcing.
While it is easy to rationalize the expense of outsourcing by comparing it to what your time is worth, most people forget to factor in the delays of setup and communication with outsourcers.

One major factor in outsourcing is to find someone in your niche.
While there are some “general contractors” out there who are good, you really want someone who understands your niche.
The last thing you want is to pay money and then have your outsourcer spend time learning your niche.

1. Which of these three methods appeals to you most?
2. Have you ever tried any of the three?
3. Do you have questions about anything in this article?

Having a product of your own really does build authority, put you on the radar for joint ventures, help you get more traffic and build your list much more quickly.

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