I will continue to blog here and post articles. I will try to move along this website teaching people how to utilize bitcoin. As such the news tidbits will now be updated at our new initiative http://pk.newsbtc.com where we will cover all bitcoin related happenings in Pakistan. Including but not limited to price analysis of major crypto currencies. We will be moving forward that direction and would like everyone to share the articles on that site so that we can move forward. I will also cover how to buy and sell bitcoin in Pakistan.
This article is to cover the use of marketing services similar to adsense. While I will cover these with information with retrospect to Pakistan they should hold true for most countries with a few exceptions. Currently there is high demand for adsense and its ads placements in Pakistan. From my recent interactions with bloggers and eCommerce websites its evident that a vast majority of Pakistanis are producing great content that is being ranked really high and driving in authentic traffic. Similarly I look at the other end from marketing stand point of view this is great not just for international searchers but also for local searchers. In regard to this I have also seen many new bloggers trying to get into this field and make money. While there is real competition I would like to highlight a method that might go hand in hand and help both the marketing company and the bloggers by using services similar to adsense.
Marketers & Advertisers :
Currently people in Pakistan resort to ubl wiz cards or prepaid cards because its just very difficult to understand how adsense works. Most people dont even know the keywords they want to search hence they tend to stay away from adsense and turn to facebook marketing. While facebook is good to get your products viral I personally believe that adsense is better marketing platform and should eventually generate more results then facebook advertising. A similar platform by the name of a-ads. There are many other similar platforms available but I will pick this one due to its anonymous nature.
For a eCommerce or retailer or any new startup its quite difficult to have a high budget to market on high ranking websites so services such as adsense, a-ads or facebook present a low cost high turnover return reward possibility. Now the question that might comes to ones mind is why a-ads and not adsense? To answer that let me get into a bit of detail. Adsense requires high traffic websites inorder for them to be approved and get paid. While this makes sense for most people going through the entire setup for a businessman who is just looking to run a new or an old setup becomes quite confusing and hence he has to resort to either hiring someone and paying them to do this work for him. With this setup comes risks and rewards. People tend up putting their credit card numbers and details onto google server for their employees to use for marketing their products. This has its risks. Which in my opinion are very high. This reason and the fact that bitcoin is anonymous like a-ads is why I prefer putting an ad campaign which is much simpler doesnt require information and you can simply deposit funds in bitcoins so that your personal data is secured and not sitting on remote servers.
A-ads has been around since 2013 so its not a new website. I believe their fees of 20% is a bit high but for a small setup that is reasonable. If you accept bitcoins I think this is the best way to market your products since this will mostly please the btc community generally. If we look at
https://a-ads.com/catalog Link we will see:
Selected category gives ~773551 impressions per day and includes 4503 ad units.
CPM: 0.00154157 Ƀ ($0.40), CPC: 0.00002542 Ƀ ($0.01)
This shows that displaying your ads on a-ads is relatively cheap against if you were to use facebook ads or adsense. This is the added advantage. To add to this its also known fact that most people dont generate sales in btc unless there is a discount involved. So even if you do accept btc doesnt mean you will generate too many sales. But you will be able to market your product to the world and very low costs with the same btc you are earning. Is this all worth it. Well it doesnt hurt trying.
The question is why use this if you have adsense? Well for once it doesnt matter which type of blog you have as long as you generate some kind of traffic you will get paid. Lets be honest here I did a test and have integrated a-ads here and while I am not going to be earning much I am going to be making something. The setup is such that I hardly get around 20-40 people daily in total from http://bitcoin.com.pk and http://bitcoinpk.com and I am still able to generate small amounts of income. While this might not be big its better then nothing and ads out to atleast cover the cost of the domain and blogs after a year. This is based on my current earnings for around 2.5 days that I see this happening. Since I pay for my domains and hosting in bitcoins through namescheap it makes the cycle or well worth it. The one thing to note here is for people who would want to replace adsense with a-ads while it doesnt really make sense if you are earning higher amounts there is one advantage you will have over adsense, that is payment through bitcoin which can be cashed out at better rates from urdubit as opposed to using direct bank transfer and services such as western union.
Conclusion: To wind up this I believe that a-ads is a good alternative to advertise and market your products anonymously and without much risks. Additionally marketers and advertisers have a cheaper solution to market their products on low budget websites and still be able to generate sales. Most ads dont get direct sales but do generate an effect in which the customer is reminded of your services and return once they need the product. I would like to suggest for everyone to give it a go. Would like to invite Bloggers, advertisers and marketing experts to review a-ads and other such services to help freelancers grow.
I figured it was time to update and give some information on what excatly is bitcoin and blockchain to my fellow country men. This is my view of what it is and why it is. Please realize that bitcoin in my opinon was created to make money truly yours. Currently all financial systems work through centralized banking, anyone living in Pakistan already know the problem with the control the banks have right now on our accounts. The idea is what I believe was in the head of satoshi that led to the creation of the first true peer to peer (similary to torrent) type currency known as btc or bitcoin. He laid the foundationg of an opensource ledger(database) for the general public where every entry was single entry and could not be removed. But all the ledger was synced with the other users running the software on the network. This software was known as a wallet which can be considered like a bank account of sort for the comman man. While you can have many wallat addresses in a single wallet it resides in public ledger. This is also why it is important to backup the wallet.dat file of your wallet if you have the full software running. There are now online wallets and paper wallets you can also store your bitcoins on online exchanges or bitcoin trading platforms. Do remember if you lose your wallet on your pc or paper wallet for any reason its gone forever. I believe that bitcoin is still in its infancey and has a long way to go, think about how internet came about:
There was Fax–> Bullitin Board Service or BBS–> email –>internet
It took it a long time, it wasent an overnight revolution. Similarly bitcoin is very new. While it has captured a huge market it still has a long way to go. There are benifits of the blockchain and bitcoin as both are being innovated upon. Some companies are working on blockchain(ledger, or database) such as voip (p2p) coins such as korecoin and viorcoin then there rare coins such as bay, blk etc that support smart contrants and p2p markets. Then there is the ripple gateway that is trying to replace the current swift system.
Then there are services that belive in bitcoin itself and are using its financial power to change the way we bank or use money today. Think about the fact that you own one currency that works throughout the world you dont have to worry about Pakistani ruppee price fluctuating aganist the USD (this is an example) as PKR is not accepted everywhere in the world. It is a true boarderless curreny that I believe is brining people closer together. The launch of https://www.coinpip.com is one such gateway which lets companies pay their developers anywhere in the world. Its a singaporian startup that is doing alot of work in this feild. They take the bitcoin out of picture but use bitcoin in the backend. Then there are exchanges and atms and user acceptance poping up everywhere around the world, such as microsoft, dell, paypal, namescheap, overstock etc. There are physicall vendors in Pakistan too. There is a shop in Gunjarawallla, a petrol pump/ gas station in Karachi, then http://www.paybill.io where you can pay your bills for Malaysia and Pakistan and also do mobile topups, or easy loadshttp://www.a2zlawn.com that are accepting bitcoins for payment, you can also check http://www.coinmap.org for a few other locations that accept bitcoins.
I have also witnessed the power of bitcoin recently and how user to user interaction increases adoption. I was contacted by a person who wanted to buy stuff from a vendor in another country wanted to learn about bitcoin and how it could benifit him. After consultations with us he wanted to give it a go. But his vendor was also fearfull of the price fluctions and how bitcoin could be risky as he believed it cant be real. The user here after consultation convinced his vendor that he would be taking this risk so there was no worries at his end. The first transation they did took all in all 15 mins and the cash was transfered in the vendors bank account while saving the payee money as compared to if he had used a credit card or wiretransfer. When the vendor saw this his response was: “This is really very easy, will you make more payments like this?” This is what I believe money should be, a truely boarderless medium with worldwide acceptance. The bad policies of some countries have left them in poverty, this doesnt mean that that the citizen of that country should not even have control over their funds/money and acceptablity etc. If the currency is truely boaderless he doesnt have to worry about local exchangers even.
I do believe this is only the begining of the future what the future holds, can only be witnessed in time. I do believe there is a need for one global international currency even the world powers such as china, russia and UN want this. There is an interesting article that was put out back in 2009 http://www.telegraph.co.uk/finance/currency/6152204/UN-wants-new-global-currency-to-replace-dollar.html and I think bitcoin is the answer for that.
I have seen alot of people asking around how to use this exchange to buy bitcoins. So I figured this would be the ideal time to write this tutorial. Since I have already registered with the site I wont be giving screenshots of the signup but its pretty straight forward. Just a word you dont have to be verified to start trading at Urdubit. Verification only comes in handy if you want to cash out PKR. The information that Urdubit asks for verification is strictly to comply with KYC of State Bank. We dont disclose your identity or information to anyone. The information will only be provided to a government institution if requested by them on account of fraud or terrorist activity. Urdubit wants to safeguard its customers from any illegal activity and/or scam hence the verification is required. Do take note that under current Pakistan Law you dont have to pay any Taxes for selling or buying software. Bitcoin is basically a protocol hence termed as software therefore there is no requirement to report this to any tax authority.
First Login & Verification:
After you login for the first time you are presented with a verification forum. You dont have to verify yourself to begin trading with your btc you can simply deposit or withdraw btc and also trade them to PKR by listing your order under the order book but you cant deposit money or withdraw only when you are verified. The verification is inline with State Bank Of Pakistan Guidelines.
1. Enter your correct details.
2. Hold your Original CNIC/B-forum next to your face and take a selfie. Then click on Upload button. Now select the file with the selfie. This is to verify this is indeed yours since you are not physically present there.
3. Scan or take a photo in high resolution of your Original CNIC/B-Forum up close so that the entire card is visible and then click on same “Upload File” button again and upload this picture.
4. Follow the above for the back of your CNIC and upload the third file.
5. Now scan or take a screen shot of your bill make sure its under your name if its not you have to submit the copy of the original paid bill.
Dont worry if you make a mistake urdubit will call you for your verification so please make sure the number you provided is correct.
Please look at the down arrow as posted in the following screenshot. Clicking it will let you deposit PKR into your account
If you are using the Whitedev theme you can look for the links as denoted in the following screen:
To deposit funds look at the down arrow as marked by me on the above screen shot. The following page will popup:
Similarly if you are using a the Whitedev theme a similar screen will popup asking the same information, currently there are only 2 banks listed here for deposit. At this point you just have to enter the amount and select the bank. There after you simply deposit the money in that account take a screenshot and upload it here. Since easypaisa has a limit of maximum Rs25000 per month its acceptance will be manual and on first come first serve basis. Mobicash is not currently accepted. You can call urdubit or email them email@example.com for manual easypaisa details.
After the funds have been deposited please upload a screenshot or the picture of the deposit receipt via the system. To do this first click on My deposits look for arrow with number 1. Then you will see the deposit request as denoted by arrow 2 and then click on Send receipt as denoted by Arrow no. 3. Once you click on that the system will ask you to upload the screenshot or picture of the deposit receipt that you took. Just upload it and wait. Urdubit has a process of 1 business day to realize deposits.
Depositing btc or bitcoin into your urdubit is almost as easy as adding PKR. The biggest advantage for bitcoin lovers here is that they can deposit and withdraw btc anytime even without verification. You can anonymously trade bitcoins after depositing them and cashing out via btc. Hence its a safe haven for bitcoin trades that want to just use pkr as a trading pair with bitcoin.
Click on the button as pointed to buy the arrows:
For whitedev theme the following screen will showup:
Important thing to note here is that you have to generate a new address every-time you want to deposit funds. Please do not send bitcoins twice to the same address as the system wont realize it and it is very difficult to realize them. Once you click that button the following will appear:
Clicking Yes will generate you a QR code to scan through your cell phone and also give you the wallet address please see image below:
Deposits are fully automated and will appear in your wallet once the network confirmations are done. To check the status of the “My Deposit” and will show you the number of confirmations that are currently in progress.
Withdrawing btc is fully automated now. To withdraw btc simply click the following button as shown by the arrows in the image:
Clicking on this link will give you a popup asking you to enter a wallet address. Just enter the amount you wish to withdraw (remember there is a network fee of 0.0001btc) and address you want to withdraw. Once again I would like to remind you that this is instant and there are no reversals.