What It's About
Altcoins lead to an alt-income stream for a man in the Netherlands!
Business Model
Skills Required
Complexity
Profit Potential
Words of Wisdom
Alex’s advice to anyone wanting to start a similar side hustle is to start a free YouTube channel on one niche topic you love to talk about. Don’t deviate and instead go to depth on this one topic, and provide as much entertaining information as you can.
Fun Fact
In addition to being a cryptocurrency guru, Alex is also known for being the founder of the Netherland's equivalent to 411, the information telephone service. In the Netherlands, you can pay up to 1 euro per minute, and some users even pay for every minute after the call is transferred. Alex changed the business model and made the 411 service (called 1812 in this country) free! He makes his money selling advertising space, and it is more than enough to live on.
Notes from Chris
Episode 361
If you’ve watched or otherwise consumed any form of media recently, it’s been hard to avoid the conversation about cryptocurrencies. Despite all the hype and chatter, it can be a confusing topic. How do these currencies work? What are people actually investing their money into? And if I drop my Bitcoins behind the couch, will I find them later while cleaning and realize I’m rich? Anyway, here’s a super short primer: Bitcoin is a digital currency with no physical form used to make payments without fees and a level of anonymity. These highly secure payments are made and recorded using a technology called blockchain. For people who don’t like the current economic model, this gives them a lot of hope and creates a cause they can believe in. Which brings us squarely to today’s side hustler, Alexander van Dijl, cryptocurrency enthusiast, YouTuber, and owner of the Netherland’s based website Bitcoin Update. Over the past few years, Alex has developed an interest in Bitcoin and cryptocurrencies, dabbling in investing and mining, and he felt an internal pull to spend more time and effort on it. He decided he would produce and broadcast daily video updates, information and case studies for the Dutch Bitcoin community. It would be simple to arrange around his day job, where he operates an information service and could be a fun way to connect with people with similar interests. Since starting his YouTube channel in September of 2017, Alex has been able to grow his side hustle income to over $1,000 per month on average. But sometimes he makes that in one week with a big affiliate sale, and he projects his business will be worth around $15,000 per month this time next year. Oh, and he’s not getting paid in digital currency—he gets paid in money that goes straight to his bank account.
MENTIONED IN THIS EPISODE:
- YouTube | Bitcoin Update: If you're looking to polish your Dutch, here's Alex's YouTube channel!
- Screencast-O-Matic: The video sharing platform that Alex used to shoot his videos
- Make Money With YouTube: If the idea of using YouTube to make money appeals to you, you may find this interactive lesson helpful
- Stay-At-Home Mom Helps Immigrants Gain Citizenship with YouTube Tutorials: In Washington, DC, a stay-at-home mom and former teacher helps immigrants gain citizenship with YouTube tutorials
- Mexican Artist Becomes YouTube Superstar With 50 Million Views: An artist uploads a drawing video to YouTube and discovers a massive audience for tutorials, allowing him to pay off debt and make a good living
Resources
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Quote of the Day
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To infinity and beyond,
