Cryptocurrencies are at the forefront of everyone’s mind!
Cryptocurrencies are at the forefront of everyone’s mind. Even if you aren’t into computers and digital currency, you probably know about Bitcoin. It’s become so popular that it is now the most well-known cryptocurrency in the world. Cryptocurrency can be useful for many different things such as buying a house, investing in stocks, or purchasing a car. However, there are also risks involved. Today, we are going to share how we built our 3-click app that generates passive income and gets flooded with Bitcoin payments every day.
👉Background Information: What is passive income?
Passive income is income earned without much work. It is normally generated by a business that has little work required of the owners. The owners are normally paid for their investment with profits being received without having to do much. If you are someone who prefers not to work for money, this is a great thing for you. This is why it is called passive income. Bitcoin is a digital currency that has no central authority. As the name suggests, it is a decentralized currency. Unlike other traditional currencies, it has no central authority or governing body. Instead, it is controlled by the people who have the information necessary to manage the system. This means that there is no single entity that can take control of the currency and no one can take control of it. Bitcoin was created to be a digital currency free from regulations and politics. It is also a favorite of the online black market as it is considered untraceable. It is mostly used as an alternative to government-regulated fiat money, but it can be used for more.
👉Objective: Build a platform that generates passive income
The primary objective of our project was to build a platform that generates passive income from users. Users can be advertisers, affiliates, or anyone who signs up for the program. We created a system where users can customize their own ads and share them with other people. These ads can be in the form of text, images, and videos. The users can be directed to the website of their choice and also be paid for their views. For now, we are generating passive income from ads. We have future plans to expand the list of functionalities.
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👉Assumptions: What types of websites should we build?
To begin with, we assumed that we would be building websites. There are many websites available on the internet, but they all lack a significant number of features that our users need. That is why we decided to develop our own custom-built web application. Having our own app means that we can add new features and make improvements as per our users’ feedback without having to wait for others to implement the same features. That is when we decided to build a platform that generates passive income. Other than customizing and creating ads, we also wanted to include a payment gateway. That way, we can start accepting Bitcoin payments right away.
👉Our strategy: How are we going to generate passive income?
It was our strategy to build a platform that generates passive income. For now, we are generating passive income from ads. We knew that we had to add a payment gateway so that we can start accepting Bitcoin payments. That would be the quickest way to earn passive income. Since we are creating custom ads for the users, we can get paid for every campaign that is created on the app. There are two types of ads — text-based ads and image-based ads. The first one is for users who would like to share their own ads and the second type is for users who would like to share other people’s ads. For every ad that is created on the app, we would get paid. The users can also choose the type of ad. That way, we can offer the best experience for our users.
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👉What we learned from our mistakes and takeaways
As a startup, we faced a lot of issues and faced a lot of mistakes while building our app. However, we always kept these mistakes in mind and learned from them. We wanted to build a scalable app that can grow with our company. That is why we did not want to rush into anything and follow the recommended steps. We wanted to make sure that everything is done right. Now, we are ready to scale the app and meet the demand of our users. We started our app development with a custom development company. We used them to build our app initially. After that, we decided to scale the app internally. That was the right choice as we could scale the app easily. Now, we are ready to optimize and scale the app. We want to make sure that we are serving our users’ needs. If there are any issues that we are facing, then we want to address them immediately. That is what we learned from our mistakes and takeaways.
✅Conclusion
We hope that you have enjoyed our article on how we built our 3-click app that generates passive income and gets flooded with Bitcoin payments every day. We are here to help you build your app and earn passive income. You can also contact us at [email protected] if you have any questions about our platform. Our team is happy to help you out.