Bitcoin and other forms of digital currency have become popular and widespread in the last few years. The draw of bitcoin is that it is decentralized and secure compared to traditional currency. Although many have seen it as very speculative, the financial industry has gone to great lengths to legitimatizing it as a currency with the CFTC even declaring it as a commodity that can be legally traded.

Because many people prefer paying with bitcoin over other methods, it’s a smart idea to learn how to generate donations and payments via Bitcoin. If you do choose to accept Bitcoin as payments for your blogging efforts, just be aware that are still many risks. There continues to be a lot of fraud, trading schemes, and even outright theft happening in the industry. But if you do your research, do your due diligence, learn how to secure your cryptocurrency, and stay out of suspicious sounding schemes, you should be fine.

If you’re a blogger, you can employ various strategies to earn Bitcoin for your efforts. Here are some methods you can use for your blog. 

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1. Build an Audience 

If you’re a new blogger, you want to start by building an audience. Without an audience, you will not get any exposure and will not be able to leverage your followers for growth. If you need help with choosing an audience and topic, here are some categories to consider.

Once you do get your blog up and running, you’ll find that are many marketing strategies you can pursue (SEO, content marketing, social media, blog partnerships) to generate a large following. It’s recommended that you focus on one specific strategy and master it for the best results.

2. Publish High-Quality Content

Once you start to get some momentum, you want to keep it up by publishing high-quality content. Producing high-quality content on a regular basis will help you grow your audience further, establish credibility, and develop a relationship with your readers. If you’re struggling with content production, here’s some advice to help you maintain regular content production.

What you want to do next is to set up a Bitcoin wallet for yourself. This will give you a long address that you can include at the beginning or end of your blog posts. People can then send you a Bitcoin donation to this address if they felt like your content added a lot of value to their lives. 

3. Monetize Your Blog with Advertising Networks

A common strategy that many bloggers use to monetize their sites is to use advertising networks like Google Adsense. Google Adsense is a program where publishers set up ads on their site. When your visitors click on these ads, you earn a percentage of what the ad cost to run for the advertiser. There are now programs like these made specifically for cryptocurrency where you get paid in Bitcoin instead of cash. Here is a list of the top advertising networks that pay out in Bitcoin.

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4. Set Up Paywalls for Premium Content

Some bloggers may find that the better way to generate Bitcoin through their content is to set up paywalls for their best content. An easy way to go about this is to simply create content for a specific topic.

Instead of providing all the value in this piece of content, you can break it up into two or more parts. If you can impress your readers with exceptional content in the first part, you can bet they’ll buy into the paywall to access your premium content. 

4. Accept Payments with the Right Plugins

Are you selling digital products on your blog? Have you set up an eCommerce site attached to your blog? If so, a good way to earn Bitcoin is by setting up a payment option for cryptocurrency. If you go to the official WordPress site, you can look for plugins that allow you to set up this feature. It’s a better solution than making your customers copy and paste a long address to send you payment and verifying the payment manually.

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5. Promote Bitcoin Affiliate Programs

Many bloggers already monetize their sites with affiliate programs. These are programs where you market a product or service in return for flat or percentage based commissions. Amazon is a great example of this. You often see bloggers post links to Amazon products in their posts. Now if you want to get paid in Bitcoin instead of cash, you can join Bitcoin affiliate programs.

One thing to mention is that you need to be careful about what you promote. Promoting low-quality products/services or outright scams can ruin your reputation as a blogger. You will lose a large number of your followers and maybe your entire business. Promoting cryptocurrency exchanges and services are a safe bet. However, be on the lookout for new opportunities as emerging cryptocurrency trends can lead to new products services. 

While earning Bitcoin through blogging isn’t as stable as the traditional methods, there is still a lot of promise. You may find it preferable to receive payments without having a central organization aware of your finances. You may also feel strongly about the future of cryptocurrency. Accepting Bitcoin right now can lead to your earnings multiplying if the price of Bitcoin goes up. Whatever the case, Bitcoin is still a solid form of payment. It’s very easy to liquidate Bitcoin for cash these days, which makes it a safe bet.

About the author: Jen McKenzie is an independent business consultant from New York. She writes extensively on business, education and human resource topics. When Jennifer is not at her desk working, you can usually find her hiking or taking a road trip with her two dogs. You can reach Jennifer @jenmcknzie

Featured Photo by rawpixel on Unsplash

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