Facebook is not an Advertising Platform

You cannot just setup a Facebook Page and then start advertising your offers. This will be seen as spam and your account could be closed very fast. Facebook is a social network so you need to follow the rules to get the best results.

Your first job is to connect with your audience. Provide value in your posts and offer some things for free. Getting your audience to know, like and trust you is the most important thing. It is OK to make some promotional posts but don’t do this all of the time. Facebook users will quickly lose interest in you if you are all about self promotion.

People use Facebook to connect with their friends and family and have fun. They do not tend to use the platform to buy stuff. So you need to use the gentle art of persuasion to get them into your sales funnel. Provide them with value first and then tell them about what you have to offer.

Don’t use Clickbait

Facebook is clamping down hard on clickbait posts. A few years ago you could use clickbait to get lots of views to your posts but not anymore. A clickbait post is one that deliberately misleads the user and often has a high degree of sensationalism associated with it.

How would you feel if you read a post title that said something like “the real secret to making money online” and then you clicked through to the website only to find that it didn’t reveal the secret at all or expected you to pay for this information? You wouldn’t feel good about this would you, so don’t try these kinds of tactics on your audience.

Provide your users with helpful titles and descriptions in your posts so that they can make their mind up if they want to click through or not. Your audience will appreciate you doing this and so will Facebook. Avoid using misleading, exaggerated or sensational headlines. People will stop reading your posts if you do this.

Facebook doesn’t like users leaving its platform but it knows that this is inevitable. If a user clicks on your link and then comes straight back to Facebook then they will assume that something was wrong with the information that you provided on your website.

By telling your audience what to expect when they click through to your site it is more likely that they will spend more time there. Facebook sees this as a good thing and will reward you with greater reach for your posts.

Optimize your Website

You do not want Facebook users to click through to your site and then have to wait ages for your pages to load. Your website needs to be as fast as possible so fix any loading speed problems.

As most Facebook users have mobile devices they will not be impressed if your website is not optimized for mobile. There are many ways that you can fix this and you need to test it on your phone or use an online emulator.

What is Bitcoin Mining?

Bitcoin miners use very powerful computer equipment to update the Bitcoin decentralized ledger. They need to solve very complex cryptographic challenges and the first to do this will update a block and receive a reward in Bitcoins (at the time of writing this is around 12 Bitcoins).

With Bitcoins being worth thousands of dollars these days this seems like a really good idea. But is it really? You cannot perform Bitcoin mining successfully with a powerful desktop computer. You need to invest a ton of money into very high end computing power and then pay for the running costs of these computers.

The Process of Bitcoin Mining

Anyone can get involved in Bitcoin mining. There are already thousands of Bitcoin miners that update the Bitcoin blockchain ledger and thousands more want to get involved. With Bitcoin mining you need to guess a number that will solve an equation that the blockchain generates.

You need to use powerful computers to make these guesses. When you have a lot of computing power you can make many guesses per second which increases your chances of being the first to get it right.

When you guess right the mining software on your computers works out which of the currently pending transactions need grouping together in the next block for adding to the blockchain. After this the entire Bitcoin network validates the transaction.

Bitcoin Mining is difficult

The inventor of Bitcoin and blockchain, Satoshi Nakatomo, created rules for mining where the more mining power in the network the more difficult it is to guess the right random number. As more and more people are becoming Bitcoin miners the difficulty level continues to rise.

The reason behind this increasing difficulty is to create a regular flow of Bitcoins. In reality this means that it takes around 10 minutes to create a new transaction block on average. The actual times vary considerably. It is all about mining power these days and the more you have the more likely you are to succeed.

Bitcoin Mining Pools

To get involved in Bitcoin mining these days is beyond most individuals. The costs of the equipment required and the running costs are just too much. There is increased competition as well with many miners collaborating together.

One solution to this problem is the Bitcoin mining pool. This is a simple concept where groups of people create a pool and combine their mining power and share the rewards. Even small players can get involved with Bitcoin mining in a pool.

There are a number of large Bitcoin mining pools existing today. They will take a percentage of any success that you have. Usually this is around the 2% mark.

So is Bitcoin Mining worth it?

If you are a newcomer then the answer to this is probably not. There are a lot of factors to consider if you really want to get involved in Bitcoin mining. If you want to go it alone then you will have to invest a ton of money into computers that can make very high numbers of guesses every second.

Then you have to keep these super computers running which usually means storage costs (they need proper cooling as they run all of the time) and electricity costs. In truth you would be better off using the money that you would need to invest to purchase Bitcoins.

The first step is to making up your mind on what you need. This should be the first step since it is the determining factor when it comes to setting your financial standards. One thing that most people do not understand is that there is a huge difference between being financially free and financial freedom. Some want to have all the material things they need while others prefer sacrificing them for the sake of being financially free. One should decide on which side he or she lies in. This way, it will be easier for you to budget.

Secondly, analyze yourself financially. No one knows you better than you do. Therefore, you are the best person to determine your financial strengths and weaknesses as well as your likes and dislikes. This will simply help you achieve financial freedom using your strong points since it is the easiest path to financial freedom. In that case, it is important that you remain true to yourself in order to accurately achieve financial freedom.

The third step is the main one of them all; strategizing. A game plan is a vital ingredient not only in achieving financial freedom but all the other business sectors there are. In this case, it is wise for one to set one in accordance to his or her weaknesses and strongholds. Make sure that you fully utilize them to the fullest. Budget appropriately and plan for all the various assets that you will require in then process. These include items such as real estates, businesses or even paper assets such as bonds, stocks or even mutual funds. On the other hand, do not go for any kind of asset; look for one that fits your personality.

On the other hand, your plan must be broken into stages. Do not plan on yearly basis, set weekly steps or even daily steps that are still in line with the long term plan. This way, the plan will easily be achieved.