How to Make Money with Bitcoin – 99Bitcoins Case Studies

Last updated on October 16th, 2016 at 04:04 pm

So you’re looking for ways to make money out of Bitcoin huh?

My guess is that you probably already went through all of the “ordinary” stuff like, trading Bitcoins, trying to mine them, maybe even considering arbitraging the different exchange rates (I know I did). But I think many people overlook one of the most profitable ways you can make money out of Bitcoin today.

For those of you who don’t read this blog regularly, nice to meet you. My name is Ofir and I’ve been running 99 Bitcoins for the past 2 years. You may be wondering how I can run a blog that doesn’t show any ads and still stay profitable.

Well here’s where it gets interesting:

I use affiliate marketing inside the Bitcoin industry in order to gain a constant recurring income from my blog. Affiliate marketing, for those unfamiliar with the term, is a form of marketing where I get paid for brining in paying customers to existing Bitcoin businesses.

So even if I don’t own a Bitcoin business, I can still leverage the existence of other Bitcoin businesses and bring them new customers. I get paid for these new customers and that’s how I make money from the Bitcoin industry.

But all this wouldn’t be interesting if I didn’t show you some live results would it ?

I didn’t think so.

So let’s take a look at the past 12 months that I’ve been dealing with this. The first example I’m going to give you is from TREZOR, which is a company that you probably know if you’ve been dealing with Bitcoin. TREZOR manufactures Bitcoin hardware wallets.

Here are my TREZOR earnings from the past 6 months:

TREZOR earnings

As you can see for the past 6 months I’ve made almost 6 Bitcoins in total. The average Bitcoin exchange rate around this time frame was around $300. This means I’ve made $300/month on average from one marketing method (which I will expose soon).

$300/month isn’t something to write home about

Indeed, but how about $3000/month ? Let’s take a look at a different merchant I’m promoting – Plus500. Plus500 is a Bitcoin CFD trading platform. Simply put, it’s a place where people go to trade Bitcoins in order to make a profit on the exchange rate. They don’t get to keep the actual Bitcoins themselves (more about that here).

Here are my earnings from the past year promoting Plus500:

plus500 earnings

The total of these payments adds up to $29,036 – roughly $2419 a month. Add that to the $300/month from TREZOR and you can see my point – there is big money to be made inside the Bitcoin industry. Of course I have many more companies which provide additional revenue streams.

Here’s a sneak peak into how I do what I do

The main idea of creating a business that will generate money from Bitcoin is pretty simple:

  1. Find a Bitcoin problem that needs solving
  2. Give it a solution
  3. Monetize from the solution

As I promised before, let me show you an example of what I did with TREZOR’s affiliate program. TREZOR is an awesome product (I use it myself), but most people before buying something online usually look for reviews of the product.

So the problem would be that people need TREZOR reviews, and my solution is to give my own review of TREZOR which I can then also monetize into affiliate earning.

The end result would be that this review will reach the 1st page of Google when someone looks for “TREZOR review”. This way I make a passive income stream from TREZOR’s affiliate program since Google brings me free traffic.

Now not to brag, but before I move on, feel free to navigate to Google and search for “TREZOR review” and tell me what do you see coming up in the first 3 results.

trezor google results

How did I get there ? well it’s a long story but one practical tip I can give you is this:

People usually search for “company X vs. Company Y” – and if you write a post that describes such a comparison you can make it to the first page on Google pretty quickly.

Of course I also promote Ledger (TREZOR’s competitor) on this page through an affiliate program. This way I can monetize my efforts while staying objective.

Are you telling me all of this just to brag ?

Actually I’m telling you this in order to let you know that what I do isn’t really special and it can be done by anyone with some common sense and a willingness to learn. In the past 2 years that I’ve been working on 99Bitcoins I managed to grow it to an almost 100% automated business that generates $120K annually.

I don’t have a big office, I don’t have a lot of workers (actually I have no workers). I work from home and deal with something I love that generates me a steady income stream. So many people are looking for ways to make a quick buck with Bitcoin mining and trading, that they fail to look at the obvious methods that have been around for years!

Affiliate marketing has been around since 1994! It’s a proven and tested model to make money from any business.

Another great example of how to promote a Bitcoin business

Coinbase offers $1 in Bitcoin for each new paying customer you bring on board. I’m not a big fan of their affiliate program as their commission is pretty low. Nevertheless I never miss an unexploited opportunity :)

To start off, go to Google and type in “Coinbase vs ”  and see what it autocompletes. Naturally the first suggestion would be “Coinbase vs circle”.

coinbse vs circle

Now all you need to do is write a post about Coinbase vs. Circle, deploy some additional (very simple) tactics and you’re on the 1st page of Google. Can you guess what website you’re going to find if you search for this term in Google now ?

The “Back to the future” method of ranking on Google

This is a cool hack to get ranked on Google for extremely popular search terms before they get crowded with competition. For example, if you’d want to rank for the term “Bitcoin price prediction” it would be almost impossible since you’d be competing with established websites like Nasdad, Coindesk and Pando Daily.

But there’s still a way to beat these guys:

What if you were to rank for a search term that didn’t exist yet ? For example “Bitcoin price prediction 2016”. I mean, no one is writing about this now since we’re not in 2016 yet. But if you get a head start then when people start looking for this search term, guess what website will come up ?

I actually used this method in late 2014, and wrote this article about Bitcoin price prediction in 2015. This was a huge success and up until lately I managed to maintain my  1st page position for this term. Almost 2000 people participated in the survey that was on this page!

price prediction survey

Of course once I got people to my website I could then promote various offers regarding Bitcoin trading to them, I mean I already know they are interested in Bitcoin price predictions.

So think about it for a moment, every time sensitive search term you want to rank for – you can just get a head start by writing about it before it gets searched on Google.

My new eBook is a 278 page guide on how to copy my success

Yes, this whole post is a shameless plug, you got me. But if you found the information on it useful, perhaps you’d like to check out “My Dirty Little Bitcoin Secrets“. It’s a video course that explains examples like the one you just read and much more.

I won’t go on about it since all of the details are on the product page but if you’re serious about making money with Bitcoin this would probably be the best way to start.

BTW – The total amount of money I spent on creating 99Bitcoins from my own pocket was only $80. That’s the most money I’ve ever needed to risk in order to generate my success in the Bitcoin industry. If you have any questions about the book or what I’ve just explained feel free to ask them in the comment section below.

Ofir Beigel

Owner at 99 Coins ltd.
Blogger and owner of 99Bitcoins. I've been dealing with Bitcoin since the beginning of 2013 and it taught me a lesson in finance that I couldn't get anywhere else on the planet. I'm not a techie, I don't understand "Hashes" and "Protocols", I designed this website with people like myself in mind. My expertise is online marketing and I've dedicated a large portion of 99Bitcoins to Bitcoin marketing.

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32 Comments on "How to Make Money with Bitcoin – 99Bitcoins Case Studies"

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Jonty
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Jonty

Great work Ofir. You shoul learn about the COCKPUMPS industry. Highy profitable too!!

yram
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yram

Hi Ofir, I’m really amazed on your blog about bitcoin. Just recently someone told me that i can make an extra income through this bitcoin thing and i hurriedly checked the net and read about it. Much to my dismay, i cannot understand how this thing works, fortunately i came accross your blog , read it, and to my surprise i found it to be more helpful and easy to understand.. Thank you so much for that, and I would really appreciate it, if you can help me . I dont know where to start or sign up.

Zsofia Elek
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Zsofia Elek

Hi Yram, thanks a lot for the kind words about the site, I’ll make sure Ofir knows about this. You can sign up to our Crash Course here: https://99bitcoins.com/subscribe-to-newsletter/. We send you 1 email a day for 7 days in a row about all you need to know about Bitcoin.

Cay Dacudao
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Cay Dacudao

Hi Ofir, My name is Catrin from Philippines and I’m new on this bitcoin thing. I was really amazed by your blog and as a student I’m so interested how you earn lots of bitcoins too. It will help me a lot especially on my studies. I hope I can earn like you do. I really wish you can teach me more on Bitcoin affiliate marketing. Thank you…

Vladimir Quirós
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Vladimir Quirós

Hola, te agradezco tu enseñanza.
Me puedes indicar como puedo hacer marketing con trezor, necesito ayuda ya que quebro la compañia donde trabajaba y no tengo ninguna entrada de dinero hace 2 meses.
Gracias de antemano.

Shafay Islam
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Shafay Islam

Such a nice guy :) I wish can be successful like you :)

Zsofia Elek
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Zsofia Elek

Thanks for the feedback Shafay :)

wishxy
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wishxy

Hi Ofir,
do you update “My Dirty Little Bitcoin Secret” on regular basis or it is unchanged content?
Best regards.
Zeljko Bozic

Ofir one
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Member
Ofir one

The content is static but we have different discussions on Udemy (were we supply the video version of this course). Also we will add new modules soon probably since stuff has changed since the book was first written.

Pierre
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Pierre
Hi Ofir, thanks for your invaluable contribution to the Bitcoin world. I have much the same way of thinking as you and have gone from CPA Marketing (tried and failed and tried and failed…) to my own Bitcoin blog which you can find here: http://www.firstforbitcoin.com. Any opinion of the site would be welcome. My biggest challenge is getting traffic (yeah cliche but true right?). Are you offering some ad spots on your site? I have been trying different providers like coinad,bitvisitor,btcvic,mellowads etc. Although I had some success, it only lasts for 2-3 day bursts. Well, if you’re willing, please get… Read more »
Ofir one
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Member
Ofir one

Hey Pierre thanks for the feedback and nice blog you have there. If you want to know about advertising you can look here, it will give you all of the information.

Pierre
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Pierre

Great Ofir, thank you very much.

Mike
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Mike

Hi. I am not sure about what you said regarding running the blog without ads, because on this page I am seeing some ads already on the right side.

Ofir one
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Member
Ofir one

Correct, we’ve recently added ads to the blog (this blog post was written a few months ago). I’ll elaborate on this move in later posts but the general idea is that now we have enough traffic to create an additional income stream so why not…

Coenraad
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Coenraad

Why not? Because it’s the beginning of the end! :-p Haven’t you made enough money yet? How much is enough? Ads suck.

Ofir one
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Member
Ofir one

Bitcoin is becoming a VERY competitive market so I’m doing as much as possible to maintain a revenue stream. You’re welcome to use an adblocker if the ads are so intrusive (but I think they are pretty subtle).

PlusBitcoin
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PlusBitcoin

Since I run a similar service to 99bitcoins, I downloaded the book to get some fresh ideas for my blog. Looking forward to reading (and making money!).

Ofir one
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Member
Ofir one

I think you’re already doing a pretty good job ;)

Captain Jack
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Captain Jack
I totally agree with the Google hacks. I co-authored a website called HotForWords.com Basically it was an etymology website with Youtube videos talking about the origins of words in the American English Language. We found interesting words that ranked very low or didn’t even show up on page one. One of those words was “Hooker”. So Marina made a video talking about the origin of that word. Within days, her video ranked the second listing on google search. Why? We used the first use of the word which was the hook they used to pull people of the stage. The… Read more »
Ofir one
Member
Member
Ofir one

Hey Captain, great to see you hear again and thanks for this interesting piece of feedback. I appreciate it! Amazing story you got there about “HotForWords” – I’m actually familiar with that video as well

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