Hello! I am Roope "Robert" Kiuttu, the founder and owner of YourOnlineRevenue.com. I created this website back in 2015 to help you to make money online. You can ask me anything and I'll be happy to help you out.
I help people daily to make more money online and I love seeing people succeeding.
If you want to get my 1-on-1 support and help to make money online as well, get started HERE.
Are you looking for an article that explains you the Wealthy Affiliate compensation plan? Are you interested in making money with Wealthy Affiliate? Then you have come to the right place!
I have been a member of member of the Wealthy Affiliate community already since 2015.
How Does Wealthy Affiliate Compensation Plan Work? – My Video Explanation
Some time ago I created a YouTube video where I explain the Wealthy Affiliate compensation plan in detail. I believe you will find it helpful so I wanted to offer you a chance to watch it here.
Did you enjoy the video? Would you like to earn money also with Wealthy Affiliate? Get started today for free!
Wealthy Affiliate Referral Program Explained –
Members of Wealthy Affiliate can earn money by inviting other people to WA. It’s a typical referral/affiliate program where you earn money by recommending a product.
Wealthy Affiliate is not a multi-level/network marketing system because your purpose is not to build downlines. You don’t build a “team” or anything similar. You simply recommend Wealthy Affiliate to people who might find it valuable.
It works in a same way like any other affiliate program: You earn commissions for each sale. However, WA referral program has a few benefits compared to many other affiliate programs.
One of the best things about Wealthy Affiliate referral program is that you will earn recurring income. It means that you’ll earn monthly or a yearly commission from all of your premium referrals. It also means that the earnings will add up pretty quickly.
10 yearly referrals make you already $1,750 commissions. 100 yearly referrals make you $17,500 in commissions. And you’ll earn that income as long as those referrals stay as members whether you would be working or not. In the other words, you’ll be earning lots of passive income.
How Does Wealthy Affiliate Pay You? – Numbers
As a premium member you earn in the following way:
$1 for every referral that fills out their Wealthy Affiliate profile (Adds a profile picture and a description)
If you have a free membership on Wealthy Affiliate, you earn half of those amounts as an affiliate. Therefore, I certainly recommend to premium. In addition, if you recommend or promote Wealthy Affiliate to others, it feels natural that you are also using it yourself.
To clarify the numbers let me also show you the following picture:
With the Wealthy Affiliate referral program, you earn recurring income.
Commissions don’t sound much at first but I have noticed that they can add up quite quickly. Let me just show you two examples from two of my friends who have been promoting Wealthy Affiliate already for a few years:
Kyle was a complete newbie with affiliate marketing in 2015 but now he’s earning +$6,500/month. Notice that Wealthy Affiliate promotion is only one of his income streams.
Vitaly (one of my mentors) earned about $60,000 in a year just by promoting WA. He made $11,234.50 in November 2017 alone.You can read more about Kyle and Vitaly on my Wealthy Affiliate roundup post where I interviewed 17 members related to the question, “Is Wealthy Affiliate worth it?” They also shared tips for beginners who are interested in earning money online.
That kind of earnings are possible for anyone. If you have the Internet connection and willingness to work hard, you can earn even much more than Vitaly.
Of course, I want to remind that such earnigns like $11,234 in a month require tons of hard work. Vitaly has worked for years to achieve such results. That being said, it’s certainly possible for you as well.
Wealthy Affiliate Income Examples
On the Wealthy Affiliate, you can access a simple calculator that will show you the earnings with their affiliate program. I showed how it works in my video above but if you didn’t watch it fully, let me show a few examples here.
Wealthy Affiliate referral program calculator.
Your earnings will depend on 3 factors:
The number of referrals per day.
Upgrade rate from free membership to premium.
Average membership.
The calculator gives you an idea how much you will earn with the Wealthy Affiliate referral program.
In the example above, I have put that you make 7 referrals per day. 10% (1 out of 10) becomes a premium member and they stay 5 months on average as a premium.
Wealthy Affiliate Payment Methods
Wealthy Affiliate pays you easily via PayPal. You get the payment at the beginning of each month, usually in the first or the second day of the month. Let me show you an example from my own email:
Wealthy Affiliate sends the payment usually first or second day of the following month through PayPal.
Most of the affiliate programs that I use also make their payments through PayPal. In my opinion, it’s the most practical way.
Wealthy Affiliate: Affiliate Bootcamp Step-By-Step Training
As you may already know, Wealthy Affiliate has step-by-step trainings on how you can make money online. They have 2 main courses that are called Affiliate Bootcamp and Online Entrepreneur certification (Read more details on my comprehensive WA review here).
In the Affiliate Bootcamp training you will learn how you can make a full-time income just by promoting Wealthy Affiliate. There are 7 levels in the Affiliate Bootcamp:
Phase 1: Getting Your Business Rolling
Phase 2: Content, Keywords and Conversions
Phase 3: Giving Your Site Social Value
Phase 4: Get visual. Get aesthetic. Get a brand through media
Phase 5: Knowing Your Audiences & Catapulting Your Income
Phase 6: Bing, Yahoo & The Power of PPC
Phase 7: How to Scale Successful PPC Campaigns
+ Each phase consists of 10 comprehensive lessons.
In the other words, Wealthy Affiliate Bootcamp is a very comprehensive online business training. You will learn the skills that you can use for promoting any other product online as well.
At the end of each lesson, you have tasks that you can finish yourself before moving forward. In my opinion, that’s the best kind of studying because you will learn and do at the same time.
There are tasks for you after the each lesson.
After each lesson, there is also a comment section where you can ask help from Kyle (the founder of Wealthy Affiliate) and other WA members. Of course, you can always send me a personal message as well and I’ll be happy to help you out.
Conclusion – Is Wealthy Affiliate Worth It?
Based on my own and other people’s experiences Wealthy Affiliate is certainly worth it. You can make a full-time income by promoting Wealthy Affiliate but, of course, there are numerous WA members who make money by doing something else.
Wealthy Affiliate membership is so cheap that it’s worth having even though you wouldn’t even be their affiliate. They provide wonderful training, resources, keyword tool, networking with successful online entrepreneurs and many more things that will help you to succeed online.
I provide 1-on-1 support for anyone who joins Wealthy Affiliate through my website. I answer to your questions and provide help hand-by-hand so you can become successful online as well. Click the picture below to get started:
Are you already a member of Wealthy Affiliate?
Would you like to earn money with affiliate marketing?
Let’s discuss in the comments below! 🙂
If you have any questions, just leave a comment below and I will be more than happy to help you out.
If you have been looking for a comprehensive StopTheFakes ICO Review, you have come to the right place!
In this article, I will explain everything you need to know on their ICO. I will also analyze whether or not this would be a good investment opportunity for you and me. If you have any questions/thoughts/comments, feel free to let me know below and I will be more than happy to answer you personally.
StopTheFakes Homepage. Click the Picture to Get 15% Bonus During Their ICO!
Short Review: StopTheFakes has a unique idea on how to stop the counterfeits. This project is certainly trying to make the world a better place and I want to support that. STF also has a strong team and I believe they are going to deliver great results. I am going to invest in the StopTheFakes ICO myself also because they provide bonuses for early investors.
Is StopTheFakes Worth Investing? – My Video Review
What Is StopTheFakes?
StopTheFakes is a decentralized service to securing your intellectual property. It will find counterfeits and infringement and stop them effectively. At the moment, numerous industries are suffering from counterfeits and entrepreneurs/producers are losing billions of dollars.
Let me just name a few industries that would benefit from StopTheFakes that fights against counterfeits:
Movies
Music
Clothing
Cosmetics
Have you ever confronted fake or counterfeit products?
Counterfeits may seem innocent because they are usually cheaper than original products but they set a significant challenge for these industries. Entrepreneurs and companies are using millions of dollars for marketing their own brand. Then if somebody steals their brand, the company loses tons of money.
Some companies may even stop their operations because of the counterfeit. Therefore, StopTheFakes comes to solve a real need. Other great and extremely interesting ICOs that I have recently been following are LanceChain, Friendz and Bankera.
How Does StopTheFakes Work?
StopTheFakes works as an application that works with a mobile device and also with PC.
Click the picture to try StopTheFakes application right away on their website.
The application will works in the following way (I simplified the process so you will understand it more easily by reading my article):
A company requests for investigation through StopTheFakes application.
App users take pictures and send details for counterfeits.
The company pays rewards for users who helped them.
The company can take action against the counterfeits.
Users of the StopTheFakes application will earn a pre-determined amount of STF tokens for submitting tasks. After reviewing more than 400 make money online opportunities, I have realized that millions of people worldwide are willing to accomplish this kind of tasks to earn little money.
StopTheFakes ICO and Token Usage
StopTheFakes finished their pre-ICO successfully in January/February of 2018 and the ICO will be held in March. You can see the details in the picture below:
Early investors will still have a chance for 5-15% token bonuses. They may not sound like huge but let’s consider twice. Let’s say that you invest $2,000 in this ICO. 10% bonus would immediately make you $200 “free money”.
Many people don’t earn $200 even in a day or some people don’t earn it in a week and now they can get such bonuses just by investing early.
STF is a utility token. As I explained above, tokens will be used as a payment form in the platform.
One interesting to notice is that the hard cap of the StopTheFakes ICO is only $8,5 million. It means that there’s a great potential for growth when the token hits the exchanges.
StopTheFakes has an ambitious and a great roadmap on their website. Every single month new developments and steps to forward will come. It seems much better than many other cryptocurrency projects that have been pretty stagnant because of a “lazy” team.
Here are the coming steps of the project:
StopTheFakes project moves forward like a train.
StopTheFakes Team
At the moment (March 2018), there are 21 members in the team (12 members + 9 advisors). Most of the team members are from Russia and Czech Republic but they have also advisors from Spain and the United States.
StopTheFakes Leaders Are Mikhail Krzhanovsky, Igor Salikov, Aleksandr Suvoro and Dmitry Kostachev.
In my opinion, they have enough breadth for delivering the product and results that they are promising.
StopTheFakes Reviews: 4,4 Stars Out of 5 on Average
It’s always good to take a look at what other people are saying about specific cryptocurrency projects before you put lots of money in. That will save you lots of money. And not only save but it’ll also help you to earn more money when you know the trends.
Many people would have saved last year thousands of dollars just by checking out my review of BitConnect where I warned people from falling into that scam.
Now let me show some numbers of the StopTheFakes reviews that I have found:
ICOBench: 4,4 stars out of 5 based on 49 reviews.
ICOTokennews: 4,4 stars out of 5 based on 28 votes.
ICOHolder: 4,24 stars out of 5 on average.
The numbers look quite great, huh?
That’s a positive thing of course. I rather want to see this kind of numbers than 2-3 stars out of 5. There are also way too many scams in the ICO world but gladly StopTheFakes is not one of them.
On the other hand, when you are reading the reviews, you always need to take them with a little bit of a grain of salt. Many people who give those reviews have often invested in the specific cryptocurrency themselves. Of course, they give positive reviews because they want that the price will go up.
The other thing that you need to keep in mind that some reviews may be sponsored or the creators earn money from their affiliate links. For example, ICOBench earns money from anyone who visits their sites and participates any ICO through their link. So, they certainly have a financial incentive to promote all ICOs.
That being said, StopTheFakes reviews are better than other ones on average and people really believe in this project.
Conclusion – Is StopTheFakes a Good Investment?
I am going to participate in the StopTheFakes ICO. I hope that I would have found this project earlier so I could have invested during their pre-ICO stage. However, even though I missed that change I can still participate in their real ICO and get bonuses up to 15%.
The hard cap is so small compared to a moderately high demand that I believe that the price will significantly rise when STF hits the exchanges. A great thing is also that the team doesn’t raise more funds than they really need. In my opinion, it’s a positive sign from the team.
Like as always, I want to remind that investing in StopTheFakes and any other cryptocurrency involves risks. You may make lots of money within a short period of time but that’s not guaranteed. I have seen many people who have also lost money with cryptocurrencies.
That’s why I always recommend you to be careful and not investing money that you would need in your everyday life. If you prefer more secure and guaranteed ways to make money online, I advise having a look at my #1 recommendation.
What do you think about StopTheFakes?
Will it be a game-changer?
Are you going to invest in their ICO?
Let’s discuss in the comments below! 🙂
(Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice.)
If you are looking for a comprehensive LanceChain ICO review, you have come to the right place.
In this article, I am going to explain you the most important facts about the LanceChain project. This is not a sponsored review and I have just gathered the information because of my own interest towards the project.
You can get significant bonuses (and make big profits) for investing in LanceChain ICO early. (Click the picture to get started!)
LanceChain ICO Review
Name: LanceChain (LANC)
Website: www.LanceChain.com
Launched: 2018
Type: Cryptocurrency Token. Freelance Work Platform.
Short Review: LanceChain is a freelance platform with 0% commissions. It takes advantage of the blockchain and the smart contract technology. Token holders will be able to use tokens on the platform (or sell them further with profits). I have participated in the LanceChain ICO for several reasons that I will explain in this review.
Is LanceChain a Good Investment? – My Video Review!
Before you go through my detailed and a comprehensive LanceChain ICO review, I want to give you an opportunity to take a look at my LanceChain video review on my YouTube channel.
What Is LanceChain?
LanceChain is building a freelance platform for project owners and freelancers with a 0% commission fee. This is one of the first blockchain-powered freelance platforms in the human history. If/when the project succeeds, the early investors will make huge profits here.
In this article, I am going through 7 points about this ICO:
LancheChain Industry/Market
The Idea of LanceChain
LanceChain ICO Details And Bonuses
LanceChain (LANC) Token Allocation
Team Analysis
Community
Product
LanceChain project explained in their own words in this picture.
1.LanceChain Enters a Fast-Growing Market
If you have been following the freelance market recently, you have probably noticed it has been growing extremely fast. Services like Fiverr, HireWriters, Upwork and hundreds of other services have been growing their popularity year by year. More and more people are working remotely as freelancers.
The “digital nomad” movement has also been rising partly because of the rise of the freelancing and remote working. Thousands of people are traveling all over the world because they are able to make their living online. Project owners love to hire freelancers online for several reasons:
No need to arrange an office for a freelancer.
It’s easy to access talents from all different fields.
You can also hire freelancers from other countries (and take advantage of salary differences by hiring freelancers from cheaper countries).
I am always looking for growing industries to invest because it doesn’t really make sense to go for the ones that would be slowly dying. Therefore, LanceChain is great because freelancing is becoming all the time more and more popular.
Freelancing Industry Is Growing Extremely Fast. It Grew 40% from 2016 to 2017 in the US!
Here are some statistics of the freelancer industry (taken from the LanceChain whitepaper):
Annual “Freelancer in America” has predicted that by 2027 the majority of the US workforce will be freelancers.
~50% of the millennials are already freelancing today!
In 2017 in the US the freelance market was worth more than $1,4 trillion. The growth from 2016 was whopping 40%!
The total number of remote workers and freelancers is growing every minute.
2.LanceChain Takes 0% Commissions
Currently one of the biggest freelance providers are Upwork and Fiverr. However, both of them charge big fees for being a middleman between a project owner and a freelancer.
Upwork takes 20% commissions. which is a pretty big amount in the long run. Take a look at the following example that LanceChain explains on their website.
This example illustrates the power of the LanceChain’s business model. It can enable even $34,560 savings for small business owners who are regularly hiring three freelancers.
Let me also show you the illustration of how the LanceChain platform will work:
LanceChain Solution Seems to Be Superior to Current Ones.
3.LanceChain ICO Provides Bonuses for Early Investors
If you have invested in other ICOs, you probably know that companies tend to provide bonuses and more tokens for early investors. This is wonderful for early investors because they earn “free money” and it’s also good for a company because they can show that many people have already contributed.
In the other words, it’s a win-win situation.
The following picture explains the bonuses that LanceChain ICO provides for early investors:
LanceChain ICO Bonuses
Those who invest during the kick-off week get a 42% bonus, in the pre-sale you can get a 36% bonus and during the first ICO round 18% bonus. In the Round 2 of ICO, there isn’t a bonus anymore.
Let’s say, for example, that you invest in LanceChain ICO during the round 1 and you get an 18% bonus. You invest for $1,000 and get $1,180 worth tokens. Then after a while, LanceChain hits exchanges with the same price that they were selling at the ICOs and you immediately have an 18% profit.
Normally earning 18% profit takes 2 years in the stock market on average. That explains how great ICO bonuses can be. ICOs don’t only provide great bonuses for early investors but can also provide huge capital gains. There are several cryptocurrencies that have made even 1,000x gains since their ICO.
Even though I don’t believe that the LanceChain would immediately make 1,000x gains, I believe it’ll still rise significantly from the initial price if the team just keeps on working diligently.
4.LanceChain Token Allocation
The following chart will explain the LanceChain token allocation.
LanceChain Token Allocation. 50% of the tokens are distributed during the ICO. Most of the funds will go to the software development.
As you can see in the cart, 40% of the collected funds (the biggest part) goes to the software development. 50% of the tokens are sold during the ICO for the public.
Only 10% is distributed to the founders, team members, and early contributors. In addition, they don’t get the tokens immediately. The team will get the tokens with a two years schedule. This means that the team is highly incentivized to raise the value of the LANC token.
5.LanceChain Team
Based on the LanceChain website, their team consists of 13 people who have a strong experience in the freelancing industry and a vast technical knowledge.
The Leaders of the LanceChain Are Georgi Dzhupanov, Georgi Bachev, and Konstantin Konstantiov.
Most of the team members seem to be from Bulgaria. Based on my knowledge the freelancing industry is booming in Bulgaria and in the other countries of Eastern Europe (Ukraine, Romania, etc.).
Therefore, the location of this team is great when we are talking about the freelance industry.
13 persons in a team is already a good number and I believe it will keep on growing when the project moves forward.
6.LanceChain Community Is Growing Fast
LanceChain has already created a big community around the project. They have mostly put effort on building the Facebook page where they have at the moment around 28k followers when I’m writing this review.
The company also regularly updates the information for their email list, Telegram channel, and Twitter page. I have joined their Telegram discussion that has at the moment, 2,430 members. As you can see in the picture below, many new members are coming to the group.
When I joined a group a few days ago, there were only ~2k members and now it has grown almost 20% within a very short period of time. The awareness of LanceChain is clearly growing.
New members are all the time joining LanceChain community.
7.LanceChain Platform Will Be Launched in Q4
Even though LanceChain provides a great idea and their quality of work has been great so far, they haven’t built a platform yet. In the picture below, you can have a look at their roadmap:
LanceChain Roadmap
LanceChain ICO is held in March 2018. The token is planned to list on exchanges in June. The LanceChain platform will happen within the fourth quarter of 2018.
The mobile app will be launched at the beginning of 2019. After that, 8the development will continue even further.
Q4 2018 will be certainly interesting for LanceChain token holders because the platform is launched. Usually, cryptocurrencies experience significant price changes when the product is finally launched.
Conclusion – Is LanceChain a Good Investment?
I have invested in the LanceChain ICO because I believe it will provide good profits for early investors. I also received the bonus because I was investing early which is another great thing.
I have worked as a freelancer and I have hired freelancers. The industry is booming fast and I see that there is a great need for services like LanceChain. Their interesting model of 0% commission fees with a subscription-based membership feels great.
There is a great and growing need for platforms like LanceChain.
Personally, I have invested some money in the LanceChain ICO and I will follow this project with a great excitement. I believe it has a great possibility to provide big returns for early investors. In addition, I am always hiring freelancers so I would like to try their platform when it’ll be launched.
That being said, I always want to remind that investing in cryptocurrencies involves risks and you can also lose money. If you prefer guaranteed ways to make money online, I recommend taking a look at my #1 recommendation.
What do you think about LanceChain?
Is it worth buying or not?
How Much will the value be in the future?
Let’s discuss in the comments below! 🙂
(Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice.)
Is BitClub Network a Scam? Is BitClub Network a Ponzi Scheme? How does BitClub Network work?
Recently, thousands of people have been asking these questions online. Therefore, I decided to write this comprehensive BitClub Network review to answer your questions and warn you about this “opportunity”.
Is BitClub Network a Ponzi Scheme? – Video Review
I also created you a video to answer all your questions in a comprehensive manner.
BitClub Network Review
Name: BitClub Network (BCN)
Founded: 2014
Price to Get Started: $99/Month + Other Fees Up to $1,000’s
Short Review: BitClub Network seems to be a Ponzi scheme. There are too many red flags that I predict it will fall at some point. I highly recommend avoiding this kind of suspicious system.
BitClub Network has mining pools but it seems that their main business is inviting more people to their multi-level marketing system.
What Is BitClub Network?
BitClub Network is an “opportunity” that promises you earnings by investing in their crypto mining farm. They say that you can make money by investing in their equipment in a cloud mining style.
As I explained in my article, “Is Cryptocurrency mining still profitable in 2018?” there are several cloud mining pools where you can earn money. Cloud mining means that you earn money by investing in a huge mining company. They raise money from investors so they can buy more equipment.
However, BitClub Network doesn’t work like a typical cloud mining company. They have a high monthly membership fee and other fees. You can make the biggest money in the system by inviting other people to your downline.
Is BitClub Network a Pyramid Scheme? – Read a Definition
The definition of a pyramid scheme is:
A dishonest business scheme in people pay to join, and profit from payments made by subsequent recruits.
Usually, pyramid schemes disguise themselves by having some product that in reality doesn’t play a huge role in the system. The main way to make more money in pyramid schemes is by recruiting more and more people to your downline.
Payments for old members are paid by the fees that are collected from new members. In the other words, when you move higher in the pyramid, you earn more because of people in your downline pay money to you. In an honest business the product itself pays a bigger role but with pyramid schemes recruiting is the main way to earn money.
Pyramid schemes concentrate on recruiting new people in order to make big money.
Many pyramid schemes call themselves “investment clubs” promising high returns on your investments. Old members and those who joined early will actually make big money but eventually, the system collapses when new investors stop coming to the scheme.
Now that you know more or less what is a pyramid scheme, I would like you to evaluate BitClub Network
1.Founders and Owners Are Hiding Their Identity
One typical characteristic of Ponzi schemes is that the founders don’t like to show their faces, names or the identity. Do you remember, for example, a famous Ponzi scheme from the cryptocurrency world called BitConnect?
Nobody in the public really knows who were behind that Ponzi scheme because they were hiding. The same thing happens with the BitClub Network. At least, the founders don’t show themselves but further in the text, I’ll reveal you what the research has shown about the founders.
BitClub Network has an about page but they don’t tell who are the founders or the owners of the company.
Ponzi scheme founders and leaders don’t want to show their faces because they want to hide. They don’t want to go to jail again and they don’t want to ruin their reputation because of what they are doing.
Before buying something online, I often recommend reading a few reviews on what other people are saying about it. Especially, if you are buying for a “get-rich-quick” money-making opportunity.
One of the most common signs of a scam is that there are tons of negative reviews from reliable online entrepreneurs. For example, pretty much every reliable online entrepreneur with a good reputation was saying that BitConnect was a Ponzi scheme.
Only people who had a shady background were promoting it. And now the same is happening with BitClub Network.
3.Chiara Francica Is Involved (Promoter of Various Ponzi Schemes)
Chiara is a somewhat popular Internet marketer and she’s especially famous for promoting Ponzi schemes and scams. 90% of her YouTube videos have been scam promotions so far. Recently, I created a YouTube video exposing Chiara Francica and her “businesses”. Take a look at it below:
She has been involved with programs like MOBE, Digital Altitude, and BitConnect. As you probably know, BitConnect was the biggest Ponzi scheme in the cryptocurrency world that felt down at the beginning of 2018.
Digital Altitude was a pyramid scheme disguised as a digital marketing training. FTC (Federal Trade Commissions) claimed that DA has made consumer injury more than $14,000,000.
MOBE is still running but it’s running exactly similar “business model” like Digital Altitude so I think it’s only a question of a time when it will fall down.
There’s one thing that I’ve learned so far. Wherever Chiara Francica is involved, it’s usually a scam, Ponzi or a pyramid scheme.
Chiara also says about the BitClub Network, “I have made most of my earnings come from referral commissions in BitClub Network.” It means that she doesn’t earn much money for referral commissions but mostly earns money by inviting more people to her downline.
That’s a typical pyramid scheme works. There’s usually something that looks like a product (in this case cryptocurrency mining) but it’s really just a bait to invite people into a pyramid scheme.
4.Classical Pyramid Scheme-ish Ranking Systems
BitClub Network is completely different from a classical cloud mining. They have “ranking systems” based on your earnings and other factors. You will go up in the ladder based on your results in the system. These are their levels:
Builder
Pro Builder
Master Builder
Monster Builder
Mega Monster
This is again another classical characteristic of a pyramid scheme. You try to climb up on the ladder and get as many people as possible to your downline.
BitClub Network has a ranking system. You move higher in the pyram… krrhhm… ranking by recruiting more people to your downline.
5.Research Says That Criminals And Rapists Are Running BCN
One person who tried BitClub Network for a while made a research about the founders and he shared his results publicly.
Is this person behind BitClub Network?
He said that one of the main leaders of the system is a man called Russ Medlin who is a known sex-offender. Actually, the whole team of leaders was an international gang of criminals based on his research
Russ Medlin states that, “Everyone is under my downline in BitClub network.”
The writer on Steemit listed a few other reasons why he strongly believes that Russ Medlin would be a founder of BitClub Network. If Medlin really is a founder of BCN, would you like to part of a company that’s run by a well-known rapist/criminal?
Conclusion – Is BitClub Network Legit Or a Scam?
Let’s try a duck test here.
If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.
If it looks like a Ponzi scheme, works like a Ponzi scheme… Then it probably is a Ponzi scheme.
Usually, it’s not possible to say with 100% sureness whether a system is a Ponzi scheme before it collapses. However, I have always been right when spotting Ponzi schemes. Recently, for example, BitConnect and Digital Altitude collapse a few months after I was warning people from not joining them.
I recommend joining away from BitClub Network or anything that looks very suspicious. There are many legitimate and honest ways to make money online so you don’t need to waste your valuable time with systems like BitClub Network.
In addition, the law in many countries says that even promoters of a pyramid scheme can be held liable for their actions. If you start promoting BitClub Network and it collapses at some point, you may be in a great trouble.
If you want to learn a proven way to earn money online, I recommend taking a look at this step-by-step training. You can also get started by clicking the picture below. More than 1,300,000 people worldwide have taken that training and many of them have become financially independent.
It’s not a get-rich-quick scheme like BitClub Network but it’s a real training that helps you to make a sustainable income online.
What do you think about BitClub Network?
Do you think BitClub Network is a Ponzi scheme or a legitimate opportunity? Why?
Let’s discuss in the comments below! 🙂
If you have any questions about making with cryptocurrencies or about making money online in general, don’t hesitate to ask me below and I’ll be more than happy to help you out.
Wealthy Affiliate is an online business platform that provides you the training, tools, community and literally everything you need in order to build and run a successful online business.
Wealthy Affiliate Homepage. Click the Picture to Get Started.
There are already more than 1,3 million members in the WA community but I noticed that still thousands of people have been asking on Google and Quora questions like, “Is Wealthy Affiliate Worth It? Is Wealthy Affiliate worth the price? Did you have any success with Wealthy Affiliate?”
I decided to ask 17 Wealthy Affiliate members to share their thoughts and experiences of that platform and making money online in general. Some of them were complete beginners in the online business world when they started on WA while some of them already had years of experience.
The underlining fact is that Wealthy Affiliate helped all of them to make more money online.
I am sure you will find this article extremely helpful and valuable. The old wisdom says, “If you do what other successful people do, you will eventually get the same results that they do.” In the other words, if you listen to the advice that the people below are about to say, you will also learn to make more money online.
Is Wealthy Affiliate Worth It? – Video
I created a YouTube video where I summarize answers, key points of the interviews and show how the Wealthy Affiliate training and community works. I am sure that you find it helpful and valuable.
5 Questions That I Asked from 17 WA-Members
1.Why And When did you join Wealthy Affiliate?
2.Did you have any former experience of making money online?
3.Why do you like Wealthy Affiliate?
4.Who would especially benefit from Wealthy Affiliate? / Who do you recommend WA?
5.What are the 3 short tips that you would give to a beginner who wants to make money online?
Are you ready to see what they answered? Let’s go!
We’ll start with Nathaniell who was the person that invited me to Wealthy Affiliate in 2015 on his website. His help and support have been immensely important for me during my online business journey.
1) I joined WA in 2010 because I was looking for ways to make money while traveling in Asia. My job paid in Chinese money, but it was hard to go anywhere outside of China and have a great vacation. The exchanges rates are not very good!
What started as just a way to make US dollars in China to fund fun activities, ended up being a full-time venture!
2) Nope! I had no idea how to build a website or how to make money. I lived outside the US for 10 years, so I didn’t even have a smartphone or Facebook account before I moved back to the US in 2012.
3) There are a lot of reasons to like WA. I think the main ones are
1) It’s a community where people can help each other and get advice from full-time marketers and 2) It simplifies the online marketing process from complicated schemes to “game” Google into writing a content-focused blog on a specific topic that helps people.
In other words, they teach the concept of creating a long-term online business that helps people. It’s like picking stocks.
You can buy a penny stock now and hope to jump out before it bombs, or you can pick a solid company that will beat out the market over the next decade.
4) Newbies who are sick of being jerked around from product to product will benefit from Wealthy Affiliate.
If you don’t have a business plan in mind and want to learn how to make money from a website without having to watch your back every five minutes for the next thing to buy from a guru sending you an email, then Wealthy Affiliate is an awesome place to learn affiliate marketing.
Nathaniell started on Wealthy Affiliate while living in China.
My 3 Tips for Beginners:
1. If you create low-quality content now, you will regret it later. I have spent many hours and dollars trying to edit old content I am embarrassed that I published to my site!
2. You can’t be perfect. This contradicts Tip #1, but it still relevant! Better to publish something “less than perfect” than to publish nothing at all. You can always go back and edit or improve later.
3. Get into the mindset of helping people. You might think you can pull a “fast one” and make some quick sales by writing some overhyped content, but most people are savvy to that type of marketing. Long-term, helpful, honest content wins out.
Once you have traffic flowing in, you can tweak your sales copy or calls to action to increase conversions to but start out you need to have your visitors in mind!
1 – June 2015 I joined Wealthy Affiliate to learn about Affiliate Marketing to earn more revenue online.
2 – I’ve been earning an income online since 2007
3 –I love Wealthy Affiliate because of the Wonderful Community of Friends who are Caring, Knowledgeable and Sharing. I also love WA because of the Amazing support team including Carson, Kyle, Jay and also SiteSupport.
4 – I always recommend WA to my Friends and Family who are would like to become Business Owners to increase their visibility online with Affiliate marketing while learning about SEO, Keywords, Content Creation and Marketing.
3 short tips for beginners:
#1 – Join WA with a person who you trust and can learn from.
#2 – Place more emphasis on your business than on your extracurricular activities ie… TV watching, partying, game playing. Treat your online business like a business by putting in the work and staying focused!
#3 – Never stop learning, be like a sponge. The internet is full of information – Make sure that what you learn is current, true and applicable to where you want to go. Always know where you want to go so that you can work towards getting there.
(1) I joined WA in July 2015. I was looking for a way to earn money from home while raising my children. Back then, I was still working full time, but have a pretty tight schedule (not too suitable for a mom with small children).
(2) I did try writing for Squidoo (it’s an online platform whereby you can build your website for free and inserting affiliate links in the articles, the revenue is shared between Squidoo and the author. I didn’t earn much though, maybe just $20 per month at most).
(3)I like Wealthy Affiliate because it provides a complete step by step guide for a beginner, it has a community for asking questions, the Site Comment to really help to keep the website alive at the beginning, also the Keyword Tool. Oh, I also love the weekly webinar by Jay.
(4) I guess everyone who is trying to make income online will benefit from Wealthy Affiliate, especially newbies. WA certification provides you with basic yet very important steps you need to do in building and growing your website.
(5)3 Tips for Beginners:
Join WA and follow the certification course step by step (don’t skip lessons and do the assignment).
Don’t get easily distracted with other shiny objects out there.
1. I joined June 2007. I was doing marketing on my own for years before this. But I felt like I didn’t really understand what I needed to do. Then I rank into Travis who created Bum Marketing.
He recommended Wealthy Affiliate. Initially, I was very skeptical because of the name. But because the recommendation came from someone I trusted, I decided to give it a shot. I haven’t left since.
2. Yes, I was successfully making money doing things like surveys, PTC, reading emails. However, the income was limited because it was based on my own activities.
However once I realized these programs had referral programs, I started to focus on referring people to these sites because I made more money and it became passive. So that was my introduction to affiliate marketing.
3. I love Wealthy Affiliate because it’s a one-stop shop for all types of internet marketing training and tools. I also love the fact that it’s a supportive community that encourages its users. The heart of Wealthy Affiliate are the members and owners.
4. I think Wealthy Affiliate is perfect for anyone looking to make money online. But the ideal person is willing to learn, put in hard work and has the patience to make this work for them. If you have an employee or get rich quick mentality then you won’t really like Wealthy Affiliate.
My tips are the following:
a. Invest in yourself. One of my biggest regrets was not to invest in my own education via buying courses or eBooks from people that were successful in what I wanted to master. It costs me thousands of dollars in income I would have earned sooner if I wasn’t being cheap or trying to do everything for free.
b. Be patient. People assume that the internet means little work and instant success. It’s not. You need to have a lot of delayed gratification to succeed in this business. A lot of the work you initially put in won’t bear fruit until months later. But people give up before seeing that. You have to push forward even if you don’t see the initial results. It will come if you’re following the training.
c. Fail forward. Too many people are afraid to fail or make mistakes. But that’s part of the process. Most of the successful people you know have failed many times. The difference between them and the rest of the population is that they don’t allow failure to stop them. They use these temporary failures as lessons that help them get closer to their success. You’re going to run into obstacles and challenges. Don’t give up.
1) I joined Wealthy Affiliate in 2015 about a month after I first started looking for a way to make money online. The reason I decided to join was because it took a realistic approach to things and wasn’t telling me that I would make a ton of money with little to no work.
I had come close to being scammed and wasted a lot of time prior to this and Wealthy Affiliate just seemed honest.
The reason I was looking for work online was mostly because I wanted the geographical freedom to pick up and move wherever I might want or need to.
Kyle has shared his earnings from one affiliate program on his website.
2) I started with no experience in this realm. I messed around with paid surveys, PTC sites, and a few other things but had no experience with affiliate marketing or anything that WA taught.
3) I like WA because of the honesty and the community most of all. The training and the tools are great, don’t get me wrong, but I feel that the honest approach that WA takes along with the lively community really separate it from other similar platforms.
4) I mostly recommend WA to people who are looking to supplement their income, bring in a part-time income, or potentially go full-time. However, I don’t recommend it to those that are in need of an income immediately. It’s a slow process and takes time to get things moving.
And of course, I recommend this to those that like to blog or write articles since this accounts for the majority of the job.
5) A: Pick a niche that is, at the very least, interesting to you. I know this doesn’t sound like much of a tip but I learned the hard way early on. You will get burnt out if you are writing about things you don’t really care for.
B: Don’t waste time making your website perfect. In the early stages, I always see so many people trying to make their website look perfect. This is often a waste of time and will not help with conversions. I always tell people to keep it as simple as possible when starting.
C: Write quality content and lots of it. Its all about content. I get 100% of my website traffic from content ranked in the search engines.
Pump out the good content and keep doing this. Follow the curriculum. There is no secret to this the problem is that most people write 5 or 6 posts and don’t see any money coming in so they give up.
1- I joined Wealthy Affiliate on the 24th October of 2016, I was looking for a way to make money online, I desperately need to make some extra cash to pay off my university and rent fees.
2- When I joined WA I was a complete newbie, I had no idea how money could be made online, I knew people do make money online and I knew it was something possible but I had no clue how and where to get started.
3- I like Wealthy Affiliate because of their amazing well laid out training, they have videos, tutorials, articles, live webinars, all laid out for you in a step by step.
On top of that, they have an amazing community and support team that will support you and help you whenever you get stuck in the training.
4- Everyone will benefit from Wealthy Affiliate but I think newbies are the ones that will benefit the most.
Because WA is especially suitable for newbies, people like me who joined WA without any experience. I highly recommend WA for newbies.
5- When I joined Wealthy Affiliate I was hoping to make thousands of dollars in my first or second month.
But that was an unrealistic income wish. I’m not saying it’s not possible to make thousands of dollars online but it takes lots of time and hard work to reach that amazing goal.
The most important 3 tips that I learned that I want to share with newbies hoping to make money online are:
1) Work Hard and be Consistent
If you want to make money you will need to put in a lot of consistent focused hard work That’s the key to success, WA is a legitimate training, I mean it’s not a click a button scheme.
2) Set a realistic income goal
Before you aim for the thousands of dollars, aim for your first dollar, then your first $50, then your first $100.
That’s how it works.
Your online business results will grow really slowly, you need to be patient. There will come days when you will want to quit when you will get frustrated.
You will need to overcome those, thatìs the patience test, a fundamental step to overcome if you want to succeed.
“You can have everything in life you want if you will just help other people to get what they want.” -Zig Ziglar
3) Help people and the money will come
When you start building your business, your goal should be to help people fix their problems. You need to write content that solves people’s problems.
Then give them a paid solution ( send them to your affiliate links).
If you don’t help people, they won’t click your affiliate links and won’t buy from you.
Dylan Rieger
1) I joined Wealth Affiliate after doing some research on making money online and luckily it was the first place I joined. I had a few jobs before that and just wasn’t happy with them. I didn’t like the structure and rigidity of working for someone else.
2) I didn’t have any experience before this but it took me a little over a year to really figure things out.
3) I would say someone that’s willing to put in the work and able to discipline themselves. It takes daily effort to make this work and a lot of experimenting. If you’re expecting to work for a month and be set for life then this isn’t for you.
3 Short Tips for Beginners:
Number one: Be willing to make changes if you’re not getting results.
Number two: Research successful websites in your niche. See how long their content is and which keywords they have.
Number three: Always plan ahead. Don’t just wing it day in and day out. Figure out the next 10 keywords you’re going to write and then write them. Track your results and make the changes necessary to become successful.
1.I think its August 2015. Since I have read rich dad poor dad, I always wanted to have a passive source of income. I tried MLM business but it didn’t work. That is when I discovered online marketing. I tried one online program but it is too expensive. That is when I discovered about wealthy affiliate.
2.No, actually, I don’t have prior experience in earning online.
3.The support in WA is awesome. Whenever I am lost or I have a question, I immediately get answers.
4.I recommend WA to everyone. No matter your age is, it is not too late to start.
3 Short Tips for Beginners:
-Be patient
-Don’t be too hard on yourself
– Be consistent
1) I joined Wealthy Affiliate in May 2016. That’s when I was 18 years old. I joined WA because I knew I’m not going to become an employee and work for other people. So that’s why I started looking for opportunities online.
2) Before I came across WA, I joined another company trying to make money online. However, it turned out to be a scam. Fortunately, it didn’t take long before I found WA. Having the experienced of being scammed, this makes even more definite that WA is a truly amazing place.
3) Simply put, WA is the best place for anyone to build an online business at a very affordable and reasonable price.
The value it offers way exceeds the price it charges you. But I need to mention that their truly ‘pay-it-forward’ community is something that I love the most. It’s hard to find any other platform with such an amazing community!
4) Let me put it this way. WA is NOT for you if you’re looking for some get rich quick schemes and you’re not willing to put in your time and effort in building your own business. Other than that, WA is for everyone who has the will to succeed online.
5) My 3 tips can be summarized in 3 words: COMMITMENT, CONSISTENCY, and PATIENCE.
Make money online is a serious business. One common mistake many people make is dabbling around. Wealthy Affiliate is a legitimate place to make money online. So you need to COMMIT your time, effort and most importantly yourself.
Next, consistency is key to all success. You’re not going to lose 20kg by just going to gym for one week, are you? That’s not possible. This is the same for your online business as well.
Lastly, building an online business is not like working for a paycheck. You won’t be seeing any results in the beginning but you need to be patient. Trust the system and put in consistent work. Very soon, you’ll be grateful that you didn’t give up half way!
1.I joined it in 2007 and it was a “last resort” after having VERY bad experiences with other make money type programs. I said to myself this is the last one I’ll try and if it fails, I’m done. Luckily that last shot turned out to be the best shot 🙂
2.I had a little bit of it, 2 years before WA, but nothing major happened.
3.They are real, they (WA) give you the fishing rod but you have to do the fishing so to say. And the community help is a big bonus. Finally, the tools they set up, make it the best place to get everything you need.
4.Hobbyists, anyone seeking to try a different way of making money in life (retirees, travelers, people tired of their jobs, etc…).
3Short Tips for Beginners
1) Start with WA.
2) Complete their courses.
3) Work passionately at this.
Vitaly’s earnings from one of his websites. (November 2017, $11,234.50)
1.I always have a knack for trying new niches so I joined WA because I wanted to learn how to monetize my passion and to see whether or not I can make money from it. When I tried WA, I was so surprised as to how transparent they are with the lessons and reality of Internet Marketing.
I decided to create a blog and until now, it’s still standing firm online, monetizing even when I haven’t worked on it for months. I joined in May 2014 so there are 3 months more to go until I reach my 4th year with WA, yey!
2.Not at all. I worked as a hotelier so the closest thing I know to using the internet was to play World of Warcraft.
3.Well, apart from the amazing evergreen lessons, I would say that I love WA because of the community itself. Everyone is very supportive and they come from various backgrounds.
Unlike MLM where they pressure you day and night to make money so that they can earn a commission off your downline, WA’s community is a lot different. Everyone is a business owner and we work very hard daily to create new content for our business so you will never see anyone pressuring you to work because we don’t get anything from you.
We help because we want to give back to the community and for me, even though I’ve finished the lessons in WA, I still maintain my membership to help out from time to time as for how Kyle and Carson guided me when I first started.
4.I recommend WA to everyone. Whatever your dreams and ambitions are, you can learn how to monetize that and make a living doing what you love.
For me, I love writing content and I love organizing events so I decided to create a website called kamiraevents.com sharing random tips from my experiences. After a while, I was confident enough to start promoting my services to organize huge events on my own such as doing Gala Dinners and Event Decorations. Today, I have my own shop with a team of 10 people with me.
I also have a blog sharing tips on SEO and Content Marketing at MyInternetQuest.com. It doesn’t stop there, I also opened started blogging about games and ended up opening a physical store in Shah Alam, Malaysia where I come from. Whatever your dreams are, WA will show you the way on how to reach there,
3 short tips for beginners:
Always be on the lookout for new trends and contents to take advantage of.
Be consistent with your work, it’ll help grow your business faster.
NEVER give up. Often times success starts to build up the moment you’re about to quit so you may never know
1. I joined WA in 2013 because I wanted to learn how to make money online and WA looked very trustworthy.
2. Yes, I made some money online back in 2001
3. I like WA because their approach is very realistic and honest. They don’t promise overnight wealth. And support is fantastic.
4. I recommend WA to both beginners and advanced. Advanced may not benefit from the basic training but they can benefit from weekly live training and other WA old members. It’s a great value!
5. Treat your business seriously and you will get results. By this I mean:
1. I joined Wealthy Affiliate back in April of 2015. I’d spent a year thinking about doing affiliate marketing and doing loads of research, but yet I still didn’t know where to really start.
It was only when I joined Wealthy Affiliate that I had a clear direction and the process really started to make sense. I was searching for more ways to make money online and affiliate marketing seemed like a good fit.
2. Prior to affiliate marketing, I’d made some part-time money selling items on eBay. I also used to write, publish and sell a lot of eBooks. This did well for a few years, then competition became really fierce and sales really dried up. That’s when I went in search of something else to do online as well.
3. I could write a lot about this, but I’ll sum things up with 2 simple reasons.
Firstly, the training is easy. Anyone can do this if they follow the lessons.
Secondly, and most importantly, I get to interact with a community that desires to see everyone else succeed in this business, and that’s rare. I’ve learnt so much from other members. It really is an unbelievable community.
4. Anyone could really stand to benefit from being a member of WA. If you want to make extra money from the comfort of home, or even establish a fulltime business, then WA is for you. It’s not all about affiliate marketing either. What’s taught at Wealthy Affiliate is relevant to all sorts of ways to make money online.
5. Avoid wasting time and money on obvious scams that promise you riches without telling you how. If it sounds unbelievable, then it probably is.
Be prepared to put time and effort into something and don’t expect to be making money instantly, or even within the first few months. Give it time as it’ll be well worth it.
Make a list of all the positive reasons you want to make money online and keep it somewhere visible. It’ll help you stay motivated and to persevere through any tough times.
1.I joined in August of 2013. I was looking for a way to create my own ecommerce website so I didn’t have to continue selling through eBay and paying their annoying fees.
2.Yes, as an eBay Power Seller.
3.Why do you like Wealthy Affiliate? = It is an all-inclusive, easy to understand, low cost training and business building platform.
4. Anyone who wants to earn residual and passive income from the comfort of their home, as long as they realize that this is not a get rich quick scheme.
3 short tips for a beginner who wants to make money online
A – Take the Online Entrepreneur Certification Course first before doing the Affiliate Bootcamp because it will help you greatly to understand Affiliate Marketing more than Bootcamp will.
B – Do not rush through the training. Just like the story of the tortoise and the hare, slow and steady will win the race. If you need to go back and take the lesson again, then just do it.
C – Be patient and do not quit, because depending on how many hours you put in every day, which should be no less than 3, it can be close to a year before you see any kind of steady results.
1) I joined Wealthy Affiliate in July 2015 while I was looking for an Online survey review. That was when I discovered affiliate marketing the power of passive income. At that point, I knew that could change my life in a way that I never imagined.
2) Apart from making money with online surveys, I had never made a dime online. I had zero experience.
3) The community aspect of Wealthy Affiliate, and to know I can always get support and motivation whenever I need.
It’s a lonely job, so being part of a community of people who are in the same boat, and being able to share successes and failures is awesome.
4) Anyone can benefit from WA. However, some people are not motivated enough to put in the work. So, for those who are prepared to grind and reach their goals, WA is an incredible investment.
3 Tip for Beginners:
Be patient.
Learn from your mistakes.
Don’t procrastinate. Bonus tip – Work hard like your life depend on it.
Stefan made recently $472.50 in passive income while riding a camel in Sahara desert. Thanks to Wealthy Affiliate!
1) I joined Wealthy Affiliate in 2015 and the main reason behind it was that I wanted to be flexible with time and location (so that I could travel more).
Initially, I started my online journey as a freelancer but I soon realized that even though I was working online, I wanted to have more freedom and answer for myself only.
Being a blogger/affiliate marketer definitely sounded more like something I’d want to do. And I decided to go for it (with Wealthy Affiliate).
2) As I mentioned in #1, I had experience in making money online as a freelancer. And while it was a great experience, running after someone to give me a job wasn’t something I wanted to do.
3) There are too many reasons why I like this Wealthy Affiliate community.
First of all, it’s because it really is a community of like-minded, helpful individuals. I think I would probably have quit if it wasn’t for the support I received throughout the years. See, when you are building a business online, it can get lonely. But when you communicate with fellow WA members and see their progress and success stories, it cheers you up and confirms that nothing is impossible.
Second thing is the step-by-step training that is very newbie-friendly. When you just start out you barely understand how this money making business works but WA helps you figure it out, inspire you and get you to work.
There are a lot of things I could say about Wealthy Affiliate but I believe these 2 points are crucial – proper guidance and endless support – if you want to succeed online.
4) Frankly, anyone of any profession would benefit from WA. Anyone who wants to make a side cash or build a full-time business online. Anyone who has a passion and is willing to put in work. It’s easier to say who is it NOT for: Wealthy Affiliate is not for those who are looking for easy money (ways to get rich quick).
You WILL have to treat your website as a business from the beginning and put time and efforts into it. It can get challenging and that’s when the community/support aspect of Wealthy Affiliate will come in handy.
3 Short Tips for Beginners Who Want to Make Money Online
The best advice I can give you is, be patient. Please, be patient. Building an online business takes time and it potentially may take some time before you will see your first commissions. I made my first $50 commissions after 5 months of entering the online business world. Now I can make these fifty bucks in 1 day.
Second tip – if you decided to join the WA, follow the training. While creativity is appreciated, if you are a total newbie, just follow the training.
And finally, treat your website as a business. You don’t have to write articles like a lunatic but do pay attention to it on a daily basis – think of different ways to improve your business. Do keyword research. Connect with fellow bloggers in your niche. Write at least 300 words for your new article. Do something to improve.
1: I joined WA in 2013 because I wanted more than a JOB, I wanted to earn an income that would set me free in life.
2: I started online marketing in 1999, bouncing from one online money making opportunity to another.
But I did learn about the concept of affiliate marketing, pick up a few marketing skills, and make some part-time commissions prior to joining WA.
3: The reason why I love WA so much is for the fact that it provides everything I need to run a successful business, it’s got a fantastic community to fall back on for support, and the training from Kyle is evergreen.
4: Absolutely anyone can join WA, even a novice with zero knowledge on internet marketing because the training is so easy to follow.
If you have a hobby or passion, you can build a profitable business with WA.
My 3 tips for beginners wanting to make money:
Stick with the training platform and don’t continually buy into the latest and greatest shiny objects.
Believe in yourself, drown out the naysayers, and work hard because it will pay off.
Focus on building your business during your spare time and learn to say no to distractions like TV until your business is off the ground.
Thank you very much for all the answers. I appreciate them all.
Now I would like to answer a few frequently asked questions on WA that beginners are usually thinking.
How Much Money Can You Make with Wealthy Affiliate?
Wealthy Affiliate teaches you to build a successful online business which means that even the sky isn’t a limit with your earnings. That being said, you shouldn’t wait for millions right away.
Building a successful business takes time and effort. You can make much more money that with a regular 9-5 job but you need to be patient and consistent. With a 9-5 job or with freelancing you make money right away when the task is accomplished. With a business, you first make a work and afterward you reap the rewards.
Sometimes I earn money from the work that I did 1,5 years ago. That’s also the beauty of having an online business. You can make money while you are sleeping, traveling, laying on the beach, chatting with your friends, etc. In addition, you can decide when you work and where you work. I have traveled to 5 different countries during the past 2 months because having an online business allows me to do that.
Some time ago I created a post of 5 WA members who were making +$10,000/month (and some of them much more). I know a guy who started on Wealthy Affiliate some years ago without any experience and nowadays he’s running a +$1 Million/year online business. The key is just to get started, keep on learning and doing.
You will succeed if you follow the training and put it into action consistently.
Wealthy Affiliate Cost – Free Or Less Than $1 Per Day
In my comprehensive Wealthy Affiliate review, I have explained the pricing on WA. You can get started for completely free and have an access to all premium features for 7 days. You still remain a free membership for a lifetime unless you want to upgrade to premium.
The price of a premium membership is $19 for the first month and $49/month or $359/year afterward. I certainly recommend going for a yearly plan because you save $229 immediately with it. In addition, it will pay itself back many times over the time course.
Let’s say, for example, that Wealthy Affiliate helps you to make $10,000/year more money online, $359 investment to their training costs nothing.
With the Wealthy Affiliate premium membership you will get an access to:
Step-by-step online business training.
Help and support from successful online entrepreneurs.
My 1-on-1 support. I give you personal tips and answer all your questions personally.
Own high-quality websites and easy-to-use website domain hosting.
Access to 1,000’s of classes and online business tutorials.
The best keyword tool in the industry. (Helps you to drive 10,000’s visitors to your website from Google.)
And much more!
Conclusion – Is Wealthy Affiliate Worth It?
Yes, Wealthy Affiliate is certainly worth it. Everybody who follows the training and applies the knowledge will earn money and get good results.
I have seen it so many times on my own and also in other people’s lives. My 2 most important tips for you are:
In my experience, many times making big money online mostly depends on the willingness to do the things. On Wealthy Affiliate, you have everything you need to succeed. Your task is just to apply the knowledge into practice.
If you haven’t yet started the training on Wealthy Affiliate, I highly recommend that you get started today. I will send you a personal message inside the community right after you have joined and I’ll help you hand in hand to get started well.
Do you have prior experience of making money online?
Have you already started the training on Wealthy Affiliate?
Do you need further help from me?
Let me know in the comments below! 🙂
If you have any questions, I will be more than happy to help you out.
If you are looking for a completely honest Ezoic review, you have come to the right place!
In this article, I am going to answer all your questions about Ezoic. I have tried their service myself and I have listened to other people who have used it also.
Is Ezoic Legit? How Much Can You Earn? – My Video Review!
Some people were asking a surprising question on Google, “Is Ezoic a scam?” First, I want to say that Ezoic certainly isn’t a scam. It’s a real company with friendly and helpful employees. In addition, their tool can help you to boost your income. How much? Is it worth it?
Short Review: If you are using Google ads, you should certainly change into Ezoic to boos your income. If you are using other ways to monetize your site like selling your own or other people’s products through affiliate marketing, it may not be worth it to use Ezoic. However, if you don’t have another way to monetize your website, setting up Ezoic provides an easy way to turn your traffic into dollars.
If you want to learn a more profitable way to make money online, I recommend taking a look at this step-by-step training.
Ezoic Homepage.
What Is Ezoic?
Ezoic is an ad optimization tool that will boost your income compared to Google AdSense. In most cases setting up Ezoic to your website gives you 50-250% more income from ads rather than just using the Google AdSense.
They use an artificial intelligence that optimizes ads on your site. It tracks all your visitors, where are they from how old they are, what are their interests and so on. Based on that information, it shows the best ads for your visitors in order to maximize your income.
How Does Ezoic Work?
Using Ezoic is pretty simple.
Set up their ads on your website.
Sit back and how your earnings grow.
Well, that’s, of course, a simplified version of it. But it still isn’t a rocket science. You just need to install Ezoic on your site and their tools make all the heavy lifting for you.
Ezoic takes a small percentage of your earnings. In the other words, your success is their success. That’s why they are also incentivized to help you to earn as much as possible with Ezoic. That’s a good thing of course.
Setting up Ezoic
In the Ezoic website, they claim that setting up takes usually only around 20 minutes. However, at least in my case, it took way more time. I needed to contact their support team tens of times because there were some technical problems when setting up the site. In total, it took a few weeks to get Ezoic up and running on my site.
At the beginning, there are a few steps that you need to take in order to use Ezoic.
The Ezoic team told me that usually it takes much less time but there were some technical issues when setting up my site which is the reason it took longer than normal. I messaged with my friend and he said that usually set up Ezoic has been easy for him.
My tip to you would that just be patient in the process because it may take a while to get ads up and running.
Installing Ezoic Ads
When using Ezoic, you are in control of the ad placements and of the percentage of users that see the ads on your site. Therefore, you will need to set the ad places on your site. You can either use the Ezoic Google Chrome extension or set them manually using, for example, WordPress plug-in called Ad Inserter like I did. Ezoic Chrome Extension didn’t work on my computer so I had to use the Ad Inserter anyway.
In your Ezoic dashboard you can choose how big percentage of your visitors will see the ads on your site., for example, 50% or even 100%.
Surprising Fact on Ezoic: It Can Improve User Experience!
One of the greatest benefits of Ezoic is that they don’t only focus on earnings but also on the user experience. We all know that the user experience is probably the most important single thing on your website. It affects your rankings on Google, earnings, people’s thoughts about yourself and literally everything.
Ezoic also knows that when your site’s user experience is good, you’ll earn more which means that they’ll earn more.
Ezoic can improve the user engagement on your website.
In my opinion and based on my experiences, Ezoic is much better than, for example, Media.net. A good thing with this kind of ad tools is of course that they enable you to earn passive income which means that you don’t need to do almost anything but money will still flow to your bank account.
How Much Money Can You Earn with Ezoic?
First, let me start by saying that you will start making money right away when you start using Ezoic on your website. It’s a great thing of course. However, in order to earn the maximal income with Ezoic, their artificial intelligence needs time on your website before it can provide the best results. That’s why the Ezoic team recommends that you test it at least 2-3 months.
I must say that I was a bit impatient with Ezoic and tried it for only 2,5 months. I didn’t see the results that I would have wanted so I quit using it.
That being said, I may start using Ezoic again in the future with other websites or with the same website to see the whole potential of their tool.
In the picture below you can have a look at the EPMV (Earnings per thousand visitors) on my site while I was testing Ezoic. That helps you to estimate your earnings.
My EPMV (Earnings per Thousand Visitors) while I was trying Ezoic.
As you can see, an average EPMV, while I was using Ezoic, was around $7. I am sure that it would have risen over the time course. I was using Ezoic in January and in February that is usually low paying months for advertisers.
Another thing that you need to consider is that I was using Ezoic at the end for only 10% of my website visitors. It means that the AI didn’t get very much data for the analysis and improvement. That probably held back the growth a little bit.
My guess is that $10-15 EPMV is possible with Ezoic on some sites after it has been on the site for a while. As you can see in the picture above, it gave me $12,94 EPMV for one day even though I had just implemented it on my site.
Based on the EPMV you can calculate your own earnings.
With $7 EPMV:
10k visitors per month => $70
20k visitors per month => $140
50k visitors per month => $350
100k visitors per month => $700
500k visitors per month => $3,500
With $15 EPMV:
10k visitors per month => $150
20k visitors per month => $300
50k visitors per month => $750
100k visitors per month => $1,500
500k visitors per month => $7,500
You can see that making good money with Ezoic requires tons of visitors to your website. I certainly don’t recommend that you use Ezoic as a primary source of income for your website. Selling good products can give you much greater returns.
I know websites that make a full-time income with 5,000 unique visitors per month. The idea is that your posts should be targeted. For big publishers and news channels, Ezoic can be a better source of extra income.
Ezoic Affiliate Program: Earn 3% for Referrals for a Lifetime
Ezoic has an affiliate program which enables you to earn commissions by inviting more people to use their service. You will earn 3% commission for each referral’s earnings that start using Ezoic. It doesn’t reduce your referrals’ income but is just an added bonus for an affiliate.
3% doesn’t sound like a lot but it can be a nice way to earn some more passive income. Especially, if your referrals keep using Ezoic for a long time. Let’s say that you refer 10 people to Ezoic and on average they make $2,000. That makes $60 x 10 = $600. If you have a large following, an Ezoic affiliate program can offer you some good income.
But of course, I highly recommend that you try it first yourself and see how you like it. If you enjoyed using Ezoic, share and recommend it to your friends as well.
Ezoic is an easy way to monetize your website/blog but earnings aren’t huge.
Conclusion – Is Ezoic Worth It?
I must say that this really depends and there isn’t one answer to this question. If you have highly targeted sales funnels with expensive products, Ezoic most likely isn’t worth it. You can earn much more than $10 per 1,000 visitors if you have set up great sales funnels.
On the other hand, if your blog/website focuses more on providing information like news websites, then Ezoic would be worth considering.
If you set up Ezoic, you will always earn money from them. However, at the same time, you’ll most likely lose money from other offers and products that you are selling/promoting. In many cases, a visitor leaves your site and never come back when they click an Ezoic ad. Therefore, you can’t only look at the number on the Ezoic dashboard.
You need to compare your overall earnings without Ezoic to overall earnings with Ezoic. You also need to keep in mind that earnings aren’t usually the only factor how you measure your site’s success. You probably also want to pay attention to the user experience.
Overall, I would say that Ezoic certainly worth trying.
If you want to learn to make money with affiliate marketing (which is way more profitable in the long run), I encourage you to start this step-by-step training today.
What kind of experiences do you have with Ezoic or similar ad companies?
How do you like to monetize your websites?
Let me know in the comments below! 🙂
I’m also open to any questions that you have regarding Mediavine. I’ll be more than happy to help you out as always.
Those who started mining Bitcoin and have hold their rewards, have become now multi-millionaires thanks to the sudden rise of Bitcoin. Imagine that somebody earned $500 for mining when the Bitcoin price was only $1.Now that $500 would be worth $5-10 million.
But is cryptocurrency mining still profitable in 2018? Should you build or buy your own mining rig and start earning some passive income?
Cryptocurrency Mining Review – My Video on YouTube
In this article, I am going to answer your questions thoroughly and I’m happy you’ll find this helpfull. Let’s have a look!
What Is Cryptocurrency Mining?
With many cryptocurrencies including Bitcoin so-called ”miners” maintain the whole network and confirm the transactions. When you make a transaction, miners will confirm it with their equipment. In the other words, Bitcoin is a huge network of computers and CPUs all over the world that maintain the whole system.
Each 10 minutes miners get a small reward for confirming transactions and giving their capacity for mining. Some say that Bitcoins heart beats once every 10 minutes. Miners’ reward is pre-determined in the Bitcoin whitepaper and also with other cryptocurrencies.
This is how a typical cryptocurrency mining rig looks like.
With Bitcoin, for example, the mining reward is 1,800 Bitcoins per day. That amount is allocated between all miners all over the world.. The reward of miners halves next time in June 2020. Halving is always an important event for Bitcoin and in the past it has always raised the price significantly. Halving means that the miners get less rewards for mining which also means that there will not be so many new Bitcoins in the market.
Of course, the overall circulating supply is bigger but the number of new Bitcoins is then smaller. If the demand for Bitcoins remains the same, the price will naturally go up. It’s planned that in the whitepaper that in 2140 all Bitcoins have been mined and no new Bitcoins are issued anymore.
How Can You Do Cryptocurrency Mining?
Basically, there are 3 ways to earn money for cryptocurrency mining:
Use your computer or current equipment for mining or build a mining rig.
The easiest way is probably to participate in cloud mining. In that scenario, you give money to somebody else who has already built a huge mining rig and your earn a little interest on your investment.
If you just use your computer or mobile phone for mining, your earnings are extremely small because the processing power is so minimal. Therefore, it isn’t even worth your invested time. So, then we would have two options: Either building your own mining rig or buying one.
One option is to build a huge mining farm but the downside is that it requires big initial investments.
Challenges of Cloud Mining
Cloud mining may sound like an easy money but I would like to discuss a few risks that are involved with cloud mining.
First of all, you need to be able to trust the company that takes your money. I believe have been many cloud mining scams over the years. The company has promised to give you an interest to your investment but they have just suddenly disappeared with your money. Your only option would be to try to find them and sue the company but it can be a lot of hassle and not so easy at all.
Second, with cloud mining, you are committing your money for a certain period of time. You don’t have control of your money during that time because the company is holding it. If you are investing in cryptocurrencies directly, you always have a control when you sell, buy or do something else.
Third, you may earn much more by just holding cryptocurrencies rather than investing in cloud mining. The history has shown that it’s possible to make even 10-100x returns on investments in a year by investing in potential cryptocurrencies.
Some exceptional situations have given even 1,000x profits in a year. If you would invest $1,000, that would turn in those scenarios into something between $10,000 and $1,000,000.
Of course, the history can’t guarantee the future but you still need to consider that you may earn more than holding rather than investing in mining. At least that has been the case in the past.
Cloud mining is often considered as an “easy way to make money” but the reality may be different.
Should You Build Or Buy a Mining Rig?
I have sometimes considering building a mining rig. I have a friend who makes $300 passive income per month for his mining rig and I have seen numerous people on the Internet showing their cryptocurrency mining and earnings.
However, so far I haven’t bought or built it myself and now I’ll explain you the reasons. I believe this will also help you to consider whether it’s’ worth building or not.
First of all, if you want to do cryptocurrency mining this way, you need to have money that you can invest money and time for the mining rig. If you build it yourself, it will take several hours to research how to do it, buy all the equipment and actually do it. I would say it takes at least 1-2 work days in total from a complete beginner.
The mining rig isn’t either very cheap. If you buy it, you may need to use thousands of dollars to get a high-quality equipment.
The #1 Reason Why I Can’t Do Cryptocurrency Mining!
Second, you need to find a place to do the mining. For example, Bitcoin mining is pretty loud and it can’t be done in your bedroom while you are sleeping. If you get a big mining rig, you also need to arrange a cooler for them because otherwise, it will heat up too much.
I am at the moment traveling around the world (Bulgaria-Macedonia-Turkey-UAE-Philippines-Malaysia, etc.) so I couldn’t even have a mining rig because I don’t have a permanent place to hold it unless I would hire someone else to take care of it. That brings me to the next point.
You also need to monitor your mining rig. Miners have told that the parts have broken sometimes and they needed to arrange new ones. In addition, mining also takes a certain part of your brain capacity, time and thinking because you know that it’s there. Of course, this isn’t a huge thing but still needs to be taken into account.
For example, I have an investment apartment in Finland and even though it doesn’t take almost at all my time or effort, it still takes a small amount of my time every now and then.
If I would do cryptocurrency mining, I would probably just buy mining rigs instead of building them myself. The time and effort costs money also because it’s away from some other activities. Nowadays buying a mining rig is easy because you can have one easily on eBay or on Amazon.
How Much Money Can You Earn for Cryptocurrency Mining?
Your earnings depend on the power you have in your mining rig. The more money you have invested for the better quality, the more you will earn.
Based on numerous miners that I have listened to, it takes around 6-10 months to break even with your initial investment. If you have invested, for example, $5,000 we can estimate that it will take 6-10 months that you earn it back unless something unexpected happens. This estimation is based on the assumption that the cryptocurrency that you are mining stays stable.
If the price goes up, you’ll earn your own investment back faster. If the price goes down, it will take a longer time to earn your initial investment. We also need to consider that you have invested time and effort for the mining rig. You could have used that time for something else that would have made your money during the same time.
In the other words, we come to a conclusion that it takes almost a year to earn back your initial investment and break even. In many cases that would be a huge return on investment. By investing in the stock market you can expect 8% annual return rather than 50% return per year.
Does money just fly from the sky with mining? Not really.
Conclusion – Is Cryptocurrency Mining Still Profitable in 2018?
The truth is that it can be profitable but there aren’t guarantees. You may make much better profits just by investing your money directly into cryptocurrencies. Spending money on building or buying a mining rig isn’t riskless
If I would live permanently in one place and I would have extra rooms, I could certainly consider mining. However, now when I’m moving around the world, I just prefer stick to investing.
There are several cryptocurrency projects that I have invested in and I believe they are going to give me awesome returns during the coming years. One of my favorite projects at the moment is Bankera and I’ve invested around $7,000 in their tokens during the ICO. Of course, there are also many other cryptocurrencies that I’ve invested in.
I’m also building passive income streams with the help of Wealthy Affiliate because I don’t want to put all my eggs in one basket. If you would like to learn more about it, I’m always happy to help you out.
What Is Tether and How Does It Work? Is it really stable? Is Tether a scam?
Hundreds of thousands of people have been asking these questions all over the Internet so I decided to answer all of your questions in this article. If you don’t find an answer, you can always ask me anything in the comments below and I’ll be more than happy to help you out.
Tether Homepage.
Tether Review
Name: Tether (USDT)
Type: Cryptocurrency
Short Review: Tether is one of the most popular stablecoins in the cryptocurrency world. It keeps its value as close $1 as possible. It provides several benefits for cryptocurrency investors and traders but we need to remember that there are also a few risks.
Therefore, I don’t recommend holding Tether tokens for a long term in your crypto wallet. I recommend diversifying your crypto portfolio on coins that have a good long-term potential for growth like Bankera or Friendz.
If you are looking for a stable way to make money online, take a look at this step-by-step training. If you are wondering how you could make big money with cryptocurrencies, you might want to take my course here.
Is Tether Legit? – Video Review of Tether
What Is Tether And How Does It Work?
Tether is probably the most popular stablecoin in the cryptocurrency world. Being a stablecoin means that it’s supposed to keep always the same value which is $1. In the other words, Tether price is designed to have the same value as USD. When you give them one $1, they give you one Tether token.
Tether differs from other cryptocurrencies in a way that it’s a centralized company. Most other cryptocurrencies (excluding Ripple) are decentralized. The company says that they have enough dollars to back up the whole Tether market cap. They say it’s 100% backed. However, there has been some controversy about this that I’ll discuss further.
Tether price stays always as close $1 as possible.
Benefits of Tether
First, let’s talk about the benefits of Tether and then I’ll discuss a few risk and challenges.
1.No Taxes
When a bear market is coming, many people would prefer changing their cryptocurrencies into fiat currencies because they are more stable (bear market means that the prices go down).
However, in many countries, you need to pay taxes when you exchange your cryptocurrencies into fiat currencies with profits. For example, in Finland (my home country) people need to pay 30-33% taxes on their profits. If you made $10,000, profits, and exchange your cryptocurrencies back to euros, you would need to pay $3,000 taxes.
Now Tether provides a wonderful option. When you exchange your
2.Tether keeps you safe when you want to quit the market for a while
When following cryptocurrencies, have you ever felt that some coin has grown a bit too much? Or there has been a long bull market (prices going up) for so long time that soon prices must go down again?
Then you would probably like to take your money out of the market for a while and buy back when everything is on the bottom. Of course, nobody can know for sure when we’re at the top and when we’re at the bottom but we can always make predictions and do our best to maximize the profits in the market.
3.Tether can make trading more practical
Several big crypto exchanges including Binance and Bittrex use Tether (USDT). Traders can easily change their cryptocurrencies from one to another by using Tether in the middle. You can’t usually exchange two rare alt coins between each other.
Let’s say that you would like to change your Tron coins into Cardano. You first need to change Tron into BTC, ETH or USDT and then some of those coins into Cardano. With USDT it can be pretty easy and there isn’t volatility between the trades.
Many people have recently been pointing out the flaws and challenges of Tether. Let me explain the reasons for people’s concerns.
1.Does Tether really have all the money?
As I explained above, Tether promises that all funds that they receive, are 100% backed up by their own dollars. However, there aren’t guarantees whether they really have it or not
Tether shows on their website dollar and euro amount that they have but who can confirm that they really have what they are saying?
Tether shows these amounts on their website. (And updates them regularly).
The problem arises, for example, when most people who own Tether would sell their funds. Would 90% Tether owners sell their tokens? Well, it’s possible even though it’s unlikely to happen. But we must admit that in theory, it’s possible if something unexpected happens.
2.What if…
Some people have been asking what would happen if everybody who owns Tether would sell their tokens at the same time. Would the whole crypto market crash? Recently I read an article how a crypto “expert” how Tether can crash the whole crypto market.
In my opinion, this is not a possible scenario at all. Tether market cap is usually way less than 0,5% of the total market cap of cryptocurrencies. How could it crash the market? The crash of Bitcoin or Ethereum would certainly cause effects to the whole market but I think that the Tether crash wouldn’t be so significant. There are some other stablecoins anyway.
3.Controversy with Bitfinex
In February 2018 there has been quite a lot of controversy around Bitfinex and Tether. People have been asking whether those two are the same thing because they seem to have connections between each other. I don’t know all the details of this issue but I know it’s one reason why Tether raises concerns among crypto investors.
My Personal Thoughts on Tether
I believe in the bright future of cryptocurrencies. They would bring numerous benefits for humans that I’ve discussed in my other articles and YouTube videos. Therefore, I think that all improvements and even attempts for improvements are good because they move the overall development forward little by little.
In my opinion, it’s good to have options like Tether. It gives more options and opportunities for the whole cryptocurrency world. I believe that each step we take with cryptocurrencies is a step closer to a world where we rather use cryptocurrencies rather than government money like $, € or £.
Will we solely use cryptocurrencies in 2040?
Conclusion – Is Tether Worth Buying?
Holding Tether itself doesn’t make you any profit. It just keeps your crypto balance stable compared to USD. But as we know, the value of USD or any other fiat currency usually goes down over the time course. Especially compared to the cryptocurrencies, fiat currencies are losing their value all the time. Therefore, holding Tether is only a temporary situation. You don’t want to hold them for a very long time, in my opinion.
In addition, I see Tether riskier than USD in some aspects. The price of USD stays pretty much the same even though it slightly goes down but at least you have the money (usually) that you put to your bank account. Cryptocurrencies are still very unregulated and there’s some risk of holding Tether. Have they backed up the whole market cap? What if people sell their Tether tokens? etc.
That being said, you can benefit from Tether if you are able to predict market crashes and rises. When the bear market starts, you sell your Bitcoins, Ethereums, and others into Tether and when we have hit the bottom, you buy cryptos back again. You avoid taxes and another extra hassle that comes with fiat currencies.
Before we wrap up, I would like to remind that any investing involves risk. You can either win more money or lose money. You should always be careful and stay up to date when it comes to cryptocurrencies. I enjoy investing in cryptocurrencies for several reasons but I also like building more stable income streams.
If you would like to learn to “proven” ways to earn money online, just follow this step-by-step training or click the picture below. I call them proven because thousands of people have used this same method over and over again. I have found out in my own life also that it pretty much always works.
What do you think about Tether?
Is it worth buying or not?
Is Tether reliable or not?
Let’s discuss in the comments below! 🙂
(Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice.)
What is CREDITS (CS)? Is CREDITS a good investment? CREDITS vs Bitcoin vs Ethereum – Which one is the best?
If you are looking for answers to these questions, you have come to the right place! In this CREDITS review, I am going to explain to you what is CREDITS all about and what they are trying to achieve. In addition, I’ll explain whether I am going to invest in their coin or not.
CREDITS ICO Review
CREDITS will have an ICO (Initial Coin Offering) starting from 15.2.2018 and I am going to invest in it. Check out my video below where I explain the reasons why I’m going to invest in it and how much.
CREDITS Review
Name: Credits
Launch: Late 2017. ICO in February 2018
Type: Cryptocurrency. Aims to Solve the Scalability Challenge.
Short Review: CREDITS is a cryptocurrency with big promises and ambitious goals. It will be interesting to see how their project moves forward because if they achieve their goals even closely, this is going to be a huge thing in the marketplace. That’s why I am probably going to invest some money in their coin. That being said, the project is still in its infancy and there are many risks along the way.
CREDITS is a blockchain protocol that aims to solve the scalability problems. They have an own cryptocurrency called CREDITS (CS) and smart contracts as well. Their system is coded in Java which is one of the most common programming languages in the world.
The company had a pre-ICO in December 2017 where they easily raised +$3 million. Their ICO is in February with a relatively small hard cap of $20M. I am pretty sure that they’ll reach that goal because there’s hype around this cryptocurrency at the moment.
Let’s take a closer look at what they are planning to achieve.
How Does CREDITS Work? – Benefits of CREDITS
The picture below explains, in a nutshell, the goals of CREDITS. They are pretty ambitious, to be honest.
You probably know that nowadays a Bitcoin or Ethereum transaction can cost even $15 and take more than an hour. Imagine if you could make a transaction with a decentralized cryptocurrency faster than in a second with a $0,001 transaction fee. Of course, you can make extremely quick and cheap transactions with Ripple but it’s a centralized system which is the reason some people don’t like it.
1.+1,000,000 Transactions Per Second
Nowadays Bitcoin network processes around 7 transactions per second while Ethereum network manages ~300 transactions per second. Of course, these numbers vary depending on the day but these are rough estimations.
Imagine if the network could process more than 1,000,000 transactions per second. That would make the mass adoption of cryptocurrencies even easier. I believe that in the future billions of people around the world will be using cryptocurrencies as a payment method so we need to find solutions to the scalability problem.
2.Low Transaction Cost
I’ve paid $15 for a Bitcoin transaction and also a fairly high amount for an Ethereum transaction as well. The reality is that we can’t really use them as a good form of payment at the moment. I wouldn’t like to buy a cup of coffee for $2 and pay $17 in total because of the transaction fees. That would be nonsense.
However, if the transaction fee would be only $0,001 like CREDITS project aims, that would be perfect. I could definitely use it as a payment method because transaction fees wouldn’t be too high.
Comparison chart from the CREDITS website.
3.Advanced Smart Contracts
Bitcoin enables us to transfer money/value through the blockchain. Ethereum allows us the programmable transfer of value. It means that you can build smart contracts on their platform. “If thing x happens, then thing y will also happen.”
However, many cryptocurrencies including NEO and EOS are trying to make things better than Ethereum. That’s also a goal for CREDITS.
CREDITS in the left side, Bitcoin in the middle, Ethereum in the right side.
I remember the first times when I invested in Bitcoin a few years ago. There weren’t many different cryptocurrencies and quite a few people knew even Bitcoin. When people talked about the benefits of Bitcoin they listed for example Almost free and instant transactions.
The price of Bitcoin was around $300, the market cap was way smaller and there was much less trading than there is today. There weren’t any scalability problems. Nowadays one Bitcoin transaction may cost $15 and take even an hour. Yes, it can still be much cheaper and faster than the bank transfer abroad but we would like to see the fee closer to $0 and time closer to 10 seconds.
That brings us to challenges of CREDITS.
The Credits Project Is Still Very Young
CREDITS has big promises but we still need to remember that the whole project is in its infancy. Many other cryptocurrencies have also promised to solve the scalability problems. But what happens when they reach the same level like Bitcoin ($200,000,000,000 market cap)?
Everybody thought a few years ago that the Bitcoin could as well provide cheap and instant transactions but we saw that the mass adoption has created some challenges. On the other hand, CREDITS is using a bit different technology than Bitcoin so they have changes of solving those problems.
Let’s have a quick look at the CREDITS roadmap, team, and the community. Those are the things that are eventually going to determine the market price and whether CREDITS is worth investing or not.
CREDITS Roadmap
In the picture below you can take a look at their rough roadmap. For a detailed, you can read more on their website.
Credits Roadmap until June 2018
CREDITS Team – Almost 50 Members
CREDITS has a large team because they have around 40 members and almost 10 advisors. It’s one of the biggest teams that I’ve seen with new cryptocurrency projects that haven’t even reached the ICO stage (I’m writing this section before the ICO). Bankera has a bit bigger team than CREDITS but very few other ones have 50 members at this stage.
That’s, of course, a good sign for several reasons. 1.Many people find this project interesting and worthwhile and they are willing to put their time for CREDITS. 2.A big team can accomplish big things. If there are only 5-10 people, the results may be a bit limited. With 50 people you can already start making miracles.
The team has numerous developers, marketers, PR-people, community managers, partnership managers and so on. That’s a positive thing for this project, of course. There is a cryptocurrency project that I like called BitDegree. However, they have only one community manager while CREDITS has 3 community managers. It illustrates the size of their team.
The most of the team members are Russian. You can have a look at their leaders in the picture below. You’ll find more details about their team and advisors on CREDITS official website.
Credits Leaders and founders.
CREDITS Community
At the moment when I am writing this article (11.2.2018) they have the following amount of followers in different social media:
Telegram: 23,250
Facebook: 5,300
Twitter: 8,500
We can confidently say that there’s a lot of interest around CREDITS. I believe that those numbers will rapidly rise if and when CREDITS starts moving forward and developing their product. On the other hand, CREDITS is not the most hyped cryptocurrencies and their Telegram group is much smaller than, for example, Friendz or Medicalchain.
I heard of Credits for the first time in Suppoman’s daily cryptocurrency video. He is a famous crypto YouTuber who reviews different coins. He likes to create the hype around different coins and he has a lot of influence in the space. One reason for the hype around CREDITS is certainly Suppoman who was talking positively about their ICO in his video.
Conclusion – Is CREDITS a Good Investment?
I see a lot of potential in this project. They are aiming to solve a huge challenge and they have ambitious goals. If they eventually succeed with their plans, their cryptocurrency is going to be huge. My prediction is that the hype around their goal is going to pull up the price anyway.
Therefore, I am probably going to invest some money on their project. However, their project is so new and at the beginning that I’m most likely not going to put lots of money in.
At the moment my strategy with cryptocurrencies is finding great ICOs that are going to make big profits over the time course. Normally I am not a trader and I hold coins for a long term. I pick a potential project and hold their coins basically forever. If they make 10X gains, I may take some profits and move it to other cryptocurrencies.
If you want to learn how to make money with cryptocurrencies, I recommend taking a look at my new course called, “Make Money with Cryptocurrencies in 2018! – A Solid Strategy”. A normal price is $195 but I offer it for just $10 to my website visitors and social media followers. I want that everyone can have an access to my course so I am giving it away to you just for a price of a pizza.
Even though I am actively investing in cryptocurrencies, I am also building other income streams online. In my opinion, it’s good to have several income streams so you are not dependent of only one or two. If you are interested in making money online like I do, take a look at this step-by-step training or click the picture below: