Tag: Strategy

The Cryptocurrency debate: Is legitimacy necessary?

Cryptocurrency, or “decentralized electronic currency,” is gaining popularity around the world these days. Last January, Nepal’s neighbor India published a “National Strategy on Blockchain” to regulate the technology. However, such currencies and transactions are absolutely prohibited in Nepal.

On the Internet recently, there has been a lot of discussion and information concerning cryptocurrencies. However, in Nepal, a correct understanding of this has yet to be created. Many people have heard of Bitcoin and have a basic knowledge of it. People, on the other hand, seemed to comprehend that ‘cryptocurrency’ means ‘bitcoin,’ and that ‘bitcoin,’ in turn, means ‘cryptocurrency.’ Not only the general people, but also the Nepal Rastra Bank, appears to believe this.

On the 13th of August 2017, the NRB issued a statement claiming that ‘Bitcoin transactions are unlawful in Nepal.’ This, however, has no bearing on other cryptocurrency coins.

Cryptocurrency and Bitcoin

According to CoinMarketCap, there are already over 10,000 cryptocurrencies in circulation around the world. Bitcoin, the first cryptocurrency, is the most valued and widely used. A Japanese programmer invented Bitcoin in 2009.

Thousands of cryptocurrencies, such as Bitcoin, are now available around the world. Ethereum, Polkadot, Ripple, and Dogecoin are examples of cryptocurrencies. In Nepal, however, the belief that Bitcoin is the only cryptocurrency is widespread.

Is it due to a lack of awareness or carelessness?

All economic transactions in Nepal are regulated by the Nepal Rastra Bank. The bank’s policy capacity is called into doubt by its statement on Bitcoin, which is also the guardian of banks, financial institutions, and digital service providers in the country.

Foreign exchange transactions can only be carried out with a license from the Rastra Bank, according to Nepalese legislation. Money must be remitted abroad to trade and invest in bitcoin. The NRB’s declaration on Bitcoin, which came after it was proclaimed that moving money overseas without permission is prohibited, appears to have caused even greater confusion among the people. Is it allowed to invest in other coins? This is an intriguing question that occurs.

Investing possibilities

The worldwide media has recently reported on persons who have made millions of dollars by investing in cryptocurrency.

Two weeks ago, it was reported that a high-ranking Gold Sachs employee had resigned after earning tens of millions of dollars using DogeCoin. Similarly, word circulated quickly that a 25-year-old American had become a millionaire at such a young age by investing in Bitcoin. While its investment and business are growing in Europe and the United States, as well as in India, it is outlawed in Nepal.

At first look, Bitcoin does not appear to be a viable investment option in Nepal, where it is prohibited to transmit money overseas without the approval of the central bank. However, based on posts and statuses on social media and in groups, it appears that a significant quantity of money is being traded surreptitiously from Nepal.

Nepalis are investing in several ways, such as through the creation of websites, peer-to-peer transactions, or through friends and relatives residing abroad. People that invest in cryptocurrencies join groups on social media sites such as Facebook, WhatsApp, and Viber to trade it. Transactions, on the other hand, are not readily apparent because it is against the law.

Limitation of the declaration of illegality to paper

Many business operations that have been declared illegal by Nepalese law have not been stopped by the government. It doesn’t matter if it’s betting, Hundi, or e-commerce.

The indifference of stakeholders, despite the fact that the government’s policies and judgments are limited to paper, and the knowledge that comes out in pieces about these transactions that are done invisibly, is astounding.

Khalti, a digital service provider, alerted the Rastra Bank in April, requesting an investigation into the transaction statements of roughly a thousand users on suspicion of betting. However, the NRB has yet to take any action or make any statements in this regard.

Similarly, despite the fact that the Hundi business of transporting money from Nepal to foreign countries is unlawful, it appears that no action has been taken. Similarly, the Nepal Rastra Bank and the government appear to be on the same page when it comes to Bitcoin.

Is it important to have legitimacy?

This can be viewed from two angles. The world’s most powerful economies have endorsed cryptocurrencies, proclaiming it to be the currency of the future. Cryptocurrencies are being used to pay for restaurant bills, Netflix subscriptions, Tesla cars, and even sports tickets in some regions.

Its instantaneous legitimacy is unthinkable in Nepal, where moving money overseas is a crime. However, if Nepalese policymakers can interpret cryptocurrencies and Bitcoin differently in the near future, it may obtain legitimacy.

Trading in cryptocurrencies, which resembles stock market transactions, is less expensive than trading in fiat money (rupee, dollar, euro, pound, etc.) since cryptocurrency transfers do not require the use of a third party (bank). Without the need of a third party, money can be sent from anywhere in Nepal to anywhere in the world.

Cryptocurrency transactions are made feasible via blockchain technology. As a result, there is no need for a third party to complete the transaction. As a result, transactions are simple, secure, and rapid.

How do the transactions take place?

By opening a TMS account, you can purchase and sell cryptocurrency in the same manner you can buy and sell stocks (on the stock market). Buying and selling takes place on a variety of platforms. It can be traded on sites such as Binance, Crypto.com, Robinhood, Etoro, and Coinbase, for example.

To store this, you’ll need a crypto wallet. The use of blockchain technology is thought to be safe and dependable. To put it another way, transactions on the platforms can be compared to money kept in eSewa, and using a crypto wallet to make bank account deposits.

January 3, 2023
10 Best Online Jobs in Nepal During Lockdown

The majority of college jobs need you to be physically present at work. We’ve compiled a list of online jobs for students that can be accomplished simply from home during the lockdown to take advantage of some of the benefits that other workers enjoy.

During the COVID-19 lockdown, the best online jobs for students are:

Tutoring through the internet

It’s one of the best and most well-known careers for a high school or college student. Online tutoring allows students and tutors to communicate in real time. It is the future of education, and both the student and the teacher will interact through the app, which includes all of the resources and symbols needed to teach a subject. It is more successful than traditional teaching approaches because it follows the same processes as in the classroom. As an e-tutor, you should have a schedule and materials for your subject. You will be expected to display your work online while instructing. If you’re looking for a job, Tutors.com is a fantastic place to start.

Freelance Writing

If you are adept at recognizing grammar mistakes and writing, this type of employment can appeal to you. People all across the world are benefiting from the availability of freelance jobs. These jobs today offer a wide range of work prospects and tough competition as technological innovation advances. Authors, also known as online workers, are forging a new trend that delivers clarity and de-clutters cluttered work.

Social Media Marketing

You should have at least one or two social media accounts and be conversant with the tasks that may be assigned to you. This job comprises monitoring and administering the Facebook sites of businesses, restaurants, celebrities, and other brands.

Data Entry Operator

In terms of data preparation, PCs are unrivaled; nevertheless, despite their superiority, they struggle to turn transcribed reports into computerized reports. Data entry employees are still in great demand because each organization needs to be sorted out and tracked into what is going on. This is also one of the easiest positions on the list to fill.

Transcription

Computers are improving their capacity to recognize and comprehend human expression, but they despise imperfection. People who can listen to audio and then write words from it are needed in this line of work. Working as an online transcriptionist requires this expertise, and it’s a flexible way to make money from your computer.

Freelance Graphics Designer

Graphic design is one of the most well-known disciplines for outsourcing. Graphic design jobs require outstanding design talents rather than an academic degree. So, even if you don’t have a college diploma, you may easily obtain graphic design jobs if you have exceptional design talents. You can make anything from a basic logo to a whole handout. You can also create Google advertising and entertaining blog entry delineations. You can choose from a variety of tasks depending on your preferences in this type of career.

Freelance SEO Consultant

SEO is associated with ensuring that your site ranks highly on web indexes such as Google for related terms, potentially increasing your sales. It’s the backbone of every excellent advanced marketing plan, and it’s how you persuade people to visit your site. To operate as an SEO freelancer, you must possess the necessary SEO skills to properly execute your assignments.

Freelance Editor

If you are adept at recognizing grammar mistakes and writing, this type of employment can appeal to you. This is a broad genre that includes everything from brief articles to full-length books. To get the job, you should position yourself as an editorial specialist. Make a portfolio and mention your editing experience in your online profiles.

Freelance Web Development

It’s an industry that’s still growing and showing no signs of slowing down. You can start charging someone for a website right now if you have the requisite skills. To work in this role, you don’t need to be a software engineering major; rather, you will need web development expertise.

Freelance Video Editor

On the internet, video has become one of the most essential (and usually profitable) types of content. Because they are in such high demand, experienced video editors are in high demand. You can learn the fundamentals of video editing with a course like this. You’ll also need access to high-quality video editing tools, such as Adobe Premiere, as well as a portfolio of your work.

So, these are the online occupations that a student may do to generate money without having to spend any money during lockdown.

January 3, 2023
Getting Started with Google Adsense
Google has a means for you to make money if you have a website, a blog, or any other type of online presence. Google AdSense is a service that aims to make everyone a financial winner: advertisers get new clients or sales through the AdWords program, Google gets money to run those adverts, and you get money when people click on them on your website.

Google will deliver adverts that are relevant to the exact content of a web page using internet search technologies. For example, if you’re on a page about the latest golf competition, Google will show you advertising for golf clubs or golfing apparel. You are compensated every time someone clicks on one of those adverts if you own the site. This is commonly referred to as CPC (Cost Per Click) advertising.

Benefits of Google Adsense

It’s possible that you won’t even see banner advertising any longer. We have learned to filter them out as a web-savvy society. There is also banner-filtering software available, as banner adverts can be extremely irritating and hurt your website’s readership. Google AdSense, on the other hand, is different since the advertising are less intrusive than giant banner ads, and the content is more relevant to the web page, so it has a greater impact.

Google Ads can also be used to make a healthy income. You may generate thousands of dollars each month with the proper combination of traffic, content, and users. You can’t expect to put Google Ads on your site and then sit back and rest as the money rolls in. That isn’t how it works. It takes an investment of your time, just like anything else in business, to earn a predictable return.

How Does Google Adsense Work?

If your blog or website now has 100,000 monthly visitors, that’s more than one million each year. Consider how this relates to ad income potential:
- You have 200,000 ad views.
- You have a click-through rate (CTR) of 1%, which usually is standard.
- 1% of 200,000 is 2,000.
- If the Cost Per Click of the ad is $0.01, you make $20.
- If the Cost Per Click of the ad is $2.00, you make $2,000.
There’s a significant gap between the two, and most advertising don’t pay out at $1 per click. You’re more likely to find a rate somewhere in the middle, which can add up to hundreds of dollars every month. The lower the CPC, the more obvious and widespread the ad’s term, which is what triggers the ad itself, is—and this is knowledge you can use.

Maximizing Advertisement Revenue

There are various ways to improve your revenue, whether you want to make money from an existing blog or website or start a blog just for the goal of earning AdSense money:
- To maximize the keywords in your text, use search engine optimization (SEO) optimized writing.
- More writing is required. The more you write about your subject, the more keywords Google will find and use to serve adverts.
- Write frequently. It’s all about having more stuff, and the fresher it is, the better.
- Post stuff that is both valuable and accurate. It’s difficult to read rubbish that’s full with keywords, and it won’t keep people coming back. You want your site to be sticky so that it attracts visitors.
- Make a niche for yourself. It’s fine to talk about football, but thousands of others do it every day. Another narrative is about movie soundtrack collections, which is a less popular topic.
- Don’t send too much nasty traffic your way. It’s easier than you might think to generate a lot of traffic, but if that traffic isn’t qualified and people aren’t there to read your material, it’ll be a waste of time. It also has an impact on your CTR.
- Utilize Google Analytics. Google provides free tools to help you evaluate your website for profit.
Competitors’ Ads on your website?

When you first start running ads on your website, one of the most difficult difficulties you’ll face is competition. Depending on the type of site you run, you may notice that adverts that are directly competing with what you’re selling or offering begin to appear. For example, if you have a website dedicated to drop shipping a specific product, such as Disney toys or snow globes, you may notice adverts for those items diverting users away from your site. This is not a wise business decision.

Is there anything that can be done about it? Yes. Google foresaw this problem and now allows you to ban material from up to 500 URLs.

However, it can be difficult to figure out who to block until you start seeing such adverts. Worse, because of the way AdSense sends out material, you may never see those adverts.

Furthermore, as an AdSense user, you are unable to immediately click on these links to see where the ads are being sent. It’s a blatant breach of AdSense’s regulations, but if you’re lucky enough to see it, you can right-click on the ad and block the link or URL. This is reliant on a bit of chance.

The best approach to make a list is to do a Google search for the items or services you’re selling and take note of the top 50 URLs that show up. That’s a fantastic strategy to keep ad traffic away from sites that are plainly competitors.
January 3, 2023
Kickstart Your Own Awesome Podcast

While half of the population of the United States is a loyal listener, many Nepalis are unfamiliar with the phrase “podcast.”

Podcasts have been popular in the United States, and they have the potential to becoming so in Nepal, because they may be listened to at any time. You may listen to your favorite podcasts on your commute, while working out, or while doing domestic tasks.

So, if you plan to establish your own business as a Nepali, you will have an advantage because this market has a lot of potential and is still unexplored. You may get the worm by getting up early. The best thing about starting your own podcast is that it costs very little money. All you’ll need at first is a microphone and a nice laptop.

You can start with it as a side hustle and work your way up to full-time status after it has gained a significant following. Here are some pointers for getting started with your own podcast.

1. Plan ahead

Consider the theme. There will be a theme for the podcast. It might be centered on political debates, or you could give life hacks. Also, consider if you want it to be completely scripted or completely spontaneous. When you choose a theme, you can listen to similar podcasts to gain a more in-depth understanding and better assistance for running your own show. You’ll understand what you need to do to stand out and engage your audience.

2. Be consistent

Once you’ve started, you’ll need to be very active to keep the users involved, or you’ll lose their attention. When Instagram only had 100 users, the app’s founders were more concerned with keeping those 100 users than with attracting new ones. As a result, if you do not update on a regular basis, you will lose users. Setting a deadline and making sure you meet it and release a new podcast when it’s due is the best way to go about it.

3. Keep a track of your audience

On top of that, you can monitor your audience’s response on your social media accounts and construct your podcast around it. You should review analytics data if you want to expand your user base and keep existing listeners engaged. In this case, you can use a hosting platform like Blubrry (https://www.blubrry.com/) to evaluate listener demographics.

4. Do not lose your focus

When your target audience is specialized, you must recognize that you cannot lose sight of them because they have been addicted to your podcast as a result of your targeted content. If your podcast is about how students may make money through side hustles, for example, you should not switch to another successful podcast with a large audience and instead start publishing podcasts about the current fashion trends.

5. Keep a relevant name

If your podcast is about startup success stories, you can call it after the type of content you provide. Because it allows users to find your podcast without having to read the details and then decide whether or not to listen. If your podcast’s title does not provide listeners a clear indication of the topics you cover, they may merely scroll through the list and never opt to click on your podcast. The ideal marketing technique is to keep a very distinct name.

6. Give your audience the best listening experience

Because podcasts are all about listening, it’s critical that the audio quality is excellent. You’ll need a microphone, microphone stand, USB box, compressor, and headphones to make a podcast. You must ensure that they are of the highest possible quality. Tim Ferris demonstrates how he sets up his podcast in this video (https://www.youtube.com/watch?v=xRxVEcbh-Dk).

If you are just beginning, you can use your smartphone for recording voice. Don’t worry! these days smartphones come up with kickass microphones and can do the job very well.

7. Unravel the astonishing details of the story

If you want to make an impact, you need to unearth the most obscure details of the tale you’re presenting your audience. Guy Raz, a well-known podcaster, advises his guests that if they dive into their past and share previously unknown stories, people would be able to relate to them better and want to speak with them.

8. Get feedback before you launch

Inquire of your parents, as well as sincere friends or mentors. If you’re still in college, request that your teachers listen to you and provide you with valuable feedback. This will assist you in making final modifications, and you can honestly treat them as your listeners, using their comments to make changes as needed. Of course, you are the one who makes the decisions here, so you may choose which advice to disregard and which to follow.

Always keep in mind that overnight success is a fiction, and you’ll need a lot of patience to build and improve the podcast you’ve always wanted to do. Make a name for yourself in the podcasting world.

Best wishes!

January 3, 2023