CryptoEarn(.)com - What would you turn it into?

[minebcc]

Hey Guys,

I own CryptoEarn(.)com and over the past few years I've received many offers for the domain, but, I think there might be an opportunity to maximize my investment in the domain via development. The name does get consistent daily type in traffic so imho it makes sense to at the very least explore this avenue.


By brainstorming I've come up with a few potential niches it might work in but the most prevalent ones would be DEFI i.e earning interest on crypto deposits or maybe some kind of crypto cash back program where you can earn  crypto from your purchases. I have never developed a website but I do have some financial services experience from working in the banking industry straight out of university.

Can you guys think of any other niches I should be looking into? In terms of boundaries to entry which of the two that I've stated is more difficult? What CMS would you recommend to start learning?


All the best,

MineBCC

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[amishmanish]

There are plenty of other platforms offering services to earn interest by depositing crypto. When someone types in cryptoearn, they probably mean "earn with crypto". This then extends as a platform for giving technical services in lieu of crypto. Or even the simpler versions where you can earn from bounties, clicking on ads, sending hashtags about alt-coins etc.
For all of these use-cases, there are existing platforms. The past decade has been that of aggregator services. Maybe you could have an aggregator website of all the other platforms offering opportunities to earn crypto.

[minebcc]

There are plenty of other platforms offering services to earn interest by depositing crypto. When someone types in cryptoearn, they probably mean "earn with crypto". This then extends as a platform for giving technical services in lieu of crypto. Or even the simpler versions where you can earn from bounties, clicking on ads, sending hashtags about alt-coins etc.
For all of these use-cases, there are existing platforms. The past decade has been that of aggregator services. Maybe you could have an aggregator website of all the other platforms offering opportunities to earn crypto.

You bring up a very intriguing prospect...so basically rather than offer services directly it could be used to aggregate all existing services. Are there any examples of existing businesses in crypto doing this? Additionally, if it were to aggregate all "earn with crypto" services would it make sense to implement a public rating system i.e to help people filter out safe vs scam? The idea of an aggregator actually seems more feasible than offering an actual suite of services, which will probably require specific licenses etc.


Thanks for your response!

[NotATether]

First, what happened to all the btc inside the old cryptoearn.com's faucet? Before it was sold/decommissioned, it was running a faucet since at least 2019.

I had 0.0004BTC in cryptoearn.com and now it's all gone. I'm sure other users lost their money too.

[minebcc]

First, what happened to all the btc inside the old cryptoearn.com's faucet? Before it was sold/decommissioned, it was running a faucet since at least 2019.

I had 0.0004BTC in cryptoearn.com and now it's all gone. I'm sure other users lost their money too.

Pretty sure you're talking about cryptoearn.net. I've never developed this name and neither did the prior owner. A quick check on archive.org proves this.

Also it looks like cryptoearn.net is still being indexed by google as an active faucet.

[elda34b]

There are some aggregator-like website that gets good traffic such as defipulse, you might be interested in that. Especially with the recent defi hype, you can get a better traffic. Might as well research on that and design a better website that can offer unique features compared to the existing services.

[NotATether]

First, what happened to all the btc inside the old cryptoearn.com's faucet? Before it was sold/decommissioned, it was running a faucet since at least 2019.

I had 0.0004BTC in cryptoearn.com and now it's all gone. I'm sure other users lost their money too.

Pretty sure you're talking about cryptoearn.net. I've never developed this name and neither did the prior owner. A quick check on archive.org proves this.

Also it looks like cryptoearn.net is still being indexed by google as an active faucet.

Whoops, you are right. Somehow, I must have confused the TLDs of the two websites. cryptoearn.net is in fact dead since it just redirects to a blank page, so they must have exit scammed with my money. My apologies, nonetheless.

[Zemomtum]

The domain could have been good for DeFi if you can provides staking as a service but it somehow technical and you must have the deep know-how on how users can get decent interest from their digital assets.

[minebcc]

The domain could have been good for DeFi if you can provides staking as a service but it somehow technical and you must have the deep know-how on how users can get decent interest from their digital assets.

Yea, unfortunately the know-how is what I lack so the proposed idea of creating an aggregator makes a lot of sense.

[amishmanish]

The domain could have been good for DeFi if you can provides staking as a service but it somehow technical and you must have the deep know-how on how users can get decent interest from their digital assets.

Yea, unfortunately the know-how is what I lack so the proposed idea of creating an aggregator makes a lot of sense.

There are quite a number of projects that offer earning by staking. Some of them have been going on for quite a bit so you can assume that they are serious about the main-net launches and making staking available. That itself could be a section to aggregate. You could divide it into different kind of list of service.
For such an idea, what you need is a lot of information and possibly permission from the main providers to allow links to their websites. Being open and thorough could help a lot because all of this space lacks curation and trustworthiness. Allowing ratings and reviews would be a good idea too like you mentioned.
One of the major work areas in most aggregator type services is in networking, marketing and promotion rather than the product/ website itself.

[minebcc]

The domain could have been good for DeFi if you can provides staking as a service but it somehow technical and you must have the deep know-how on how users can get decent interest from their digital assets.

Yea, unfortunately the know-how is what I lack so the proposed idea of creating an aggregator makes a lot of sense.

There are quite a number of projects that offer earning by staking. Some of them have been going on for quite a bit so you can assume that they are serious about the main-net launches and making staking available. That itself could be a section to aggregate. You could divide it into different kind of list of service.
For such an idea, what you need is a lot of information and possibly permission from the main providers to allow links to their websites. Being open and thorough could help a lot because all of this space lacks curation and trustworthiness. Allowing ratings and reviews would be a good idea too like you mentioned.
One of the major work areas in most aggregator type services is in networking, marketing and promotion rather than the product/ website itself.

Yea I think the aggregator idea works best since the derivative functionalities like a rating system for example could make it unique. I would need to plan things out carefully though and study the foundational requirements of making the website very diligently before I commit to anything. First step would maybe working out some kind of proposal/blueprint with clearly thought out objectives.

Do you think its something that could be done solo? i.e could I built it myself or are there some more advanced technical factors that will require the building of a team. Essentially could I begin with a simple templated site on wordpress with widgets etc?

[stompix]

Hmm, I think that you should have mentioned a bit the amount of investment both in $ and in working hours you're prepared to spend on this, it's one thing if you have a 100k budget and one thing if you don't plan to make it anything more than a hobby with some kind of coffee income.
Any site has a lot of possibilities, a name like your will not be confined to a specific niche as terms as casino or mining would.

But that said and reading your follow-ups since the start of the topic I would say that you can choose two routes.

The first, the easy one, building a website with an index of offers, Ico drops, promotions, etc etc, and try to build a community around it, betting everything on the ref/aff earnings.
Second, more technical and more time consuming, and which would require a few more resources than 3$ shared hosting would be to start your own service, be it a crypto lending website where people can lend their cryptos for a % income, a store based on the purse model but seems like this route will be on pause for now.

Essentially could I begin with a simple templated site on wordpress with widgets etc?

Whatever template you chose, make sure you don't abuse widgets and news bars and tickers, go professional, lately throwing an avalanche of information at the visitor from the start has become a real turn off especially for mobile users.

[Vod]

The first, the easy one, building a website with an index of offers, Ico drops, promotions, etc etc, and try to build a community around it, betting everything on the ref/aff earnings.

That's the standard "goto" for earning these days.  There are only so many of these offers, and most people have seen them before.

The fact the offers are open to anyone means you are not getting a special price.  You pay more for a product/service on these affiliate websites than you would if you bought it elsewhere - the extra money goes to the site owner, who then pays you a percentage - a percentage of what you would have got if you didn't use the site. 

If you don't have development skills, don't waste time building it yourself.  Your return will be a lot greater if you sell the domain to someone who can develop it.

[minebcc]

The first, the easy one, building a website with an index of offers, Ico drops, promotions, etc etc, and try to build a community around it, betting everything on the ref/aff earnings.

That's the standard "goto" for earning these days.  There are only so many of these offers, and most people have seen them before.

The fact the offers are open to anyone means you are not getting a special price.  You pay more for a product/service on these affiliate websites than you would if you bought it elsewhere - the extra money goes to the site owner, who then pays you a percentage - a percentage of what you would have got if you didn't use the site.  

If you don't have development skills, don't waste time building it yourself.  Your return will be a lot greater if you sell the domain to someone who can develop it.

You make some very solid assertions IMHO. Essentially your saying that there is saturation in those types of websites and the standard monetization model for these websites isn't something new or special. This makes me wonder if creating something more targeted i.e curated aggregation of either DEFI offers or Loan offers etc...would be better as some one mentioned building something similar to DefiPulse.com.


I think anyone with a top crypto+word.com domain would like a sale right now but given the current economic climate, I see developing more feasible than selling it imho. I did spent a decent amount to acquire the domain (in BTC terms)  and although I've gotten many offers for the domain...they haven't been substantial enough for me to justify letting it go.

In terms of how much I'm willing to spend on development probably not much, I'd try and keep it below $1k/YR. One advantage I do have is that the domain receives very decent type-in traffic without any development whatsoever. I'm not saying hundreds or thousands of visits daily but enough to have decent head start as opposed to starting with a  CRYPTODOMAIN.(ORG/NET/XYZ)

[hugeblack]

I think anyone with a top crypto+word.com domain would like a sale right now but given the current economic climate, I see developing more feasible than selling it imho. I did spent a decent amount to acquire the domain (in BTC terms)  and although I've gotten many offers for the domain...they haven't been substantial enough for me to justify letting it go.

I think we will get a new ATH during the next  Year or 2022, so if you want to sell, you will get doubled amounts during that wave.
1000 dollars would be an adventure if you do not know much, so my advice is to start learning and selling the domain in the coming wave.
If you rely on the name only to get the views then this is a failed strategy, and if it is not based on the name, developing something unique takes a lot of time.

[amishmanish]

This situation of having an idea + a starting point like a good domain name has been quite common for plenty of us these days i guess. We all know its important to have a revenue stream apart from your normal job/ business. Internet offers a lot of these possibilities. The entry point for something like blogging, vlogs or a travel website isn't that high. You can find a lot of examples of people who have monetized this sort of thing. For doing something like this, of course one choice would be to rent someone to do the development part. Yet, i can't shrug the feeling that no opportunity for self-employment or entrepreneurship can work till the person doing it has brings some sort of expertise to the table OR a lot of money.

If you can find it within you to develop the necessary expertise for running and managing a secure website of this sort then go ahead and invest your time into it. If you are going to be too busy and this isn't already an area of expertise, you will have to find someone who is passionate enough to make such a product and needs this kind of a domain name. Find something that you are passionate about, take the money and put it there, maybe.
Learning web development and having an internet business does feel like a low-hanging fruit, at least to the uninitiated but interested ones like me (and probably you too, OP). I am sure, someone like @Vod and others who have walked this path know the reality better.

[minebcc]

This situation of having an idea + a starting point like a good domain name has been quite common for plenty of us these days i guess. We all know its important to have a revenue stream apart from your normal job/ business. Internet offers a lot of these possibilities. The entry point for something like blogging, vlogs or a travel website isn't that high. You can find a lot of examples of people who have monetized this sort of thing. For doing something like this, of course one choice would be to rent someone to do the development part. Yet, i can't shrug the feeling that no opportunity for self-employment or entrepreneurship can work till the person doing it has brings some sort of expertise to the table OR a lot of money.

If you can find it within you to develop the necessary expertise for running and managing a secure website of this sort then go ahead and invest your time into it. If you are going to be too busy and this isn't already an area of expertise, you will have to find someone who is passionate enough to make such a product and needs this kind of a domain name. Find something that you are passionate about, take the money and put it there, maybe.
Learning web development and having an internet business does feel like a low-hanging fruit, at least to the uninitiated but interested ones like me (and probably you too, OP). I am sure, someone like @Vod and others who have walked this path know the reality better.

Yes totally agree. At this point I'm still dithering on whether or not I should dive in or/not which is why I'm exploring the feasibility of the opportunity.  Working full-time while undertaking the development of a website is probably incredibly time consuming and I'd need to be fully committed for things to work out. One possibility could be to partner with a developer but I'm not sure how that would be worked out.

[amishmanish]

--snip--
One possibility could be to partner with a developer but I'm not sure how that would be worked out.

If you want to partner, then just state so to interested developers. You can do the maths on projected income and offer some sort of share in the profits. I think there are plenty of ways to go about this but all of them will need you to put in some initial investment. Finding someone trustworthy AND competent is going to be a bit of a problem.

What I would have done in such a situation is to find some young cousin or nephew in college who would be interested in such a thing as a side-project. Or someone already working in software that you know of. A real-life partnership would be the most ideal situation. You can then learn and hack your way around as you go. If you aren't looking for short-term profit and are comfortably earning then it is best to begin building without any expectations of high returns. Just doing the work and learning would be worth it.

[sunsilk]

Getting decent daily traffic makes it even more interesting. Obviously, the priority niche is about earning through or with cryptocurrency. From faucets to trading, platforms to earn crypto as in everything that deals with earning crypto except the scams.

Avoid listing the high yield investment programs and cloud mining as it's the first impression of people looking for a place to earn crypto. You don't have any idea of developing your website? you need to hire someone or else propose to him a good deal and partnership.

Don't rush it, you are on the right track of planning phase.

[SFR10]

Can you guys think of any other niches I should be looking into?

I do agree with most of the comments that mentioned aggregator of some sort in order to earn with their affiliate programs but just to give you another idea, how about a lottery of some sort?
^{- It could be a standard lottery website or a platform that allows its community to create lottery games of their own [you'll charge a percentage from each of the creators] with some flexible rules.}