Bitcoin Forum

Hi guys :) i want to ask you and if you have personal experiences on how i can start a bussines using BTC?

First of all, please do state what is your interest or ideas on your mind now? So that community would able to give you comments about on your idea.When you do plan to make business on bitcoin world then mostly as far as i saw, online goods are always on the line because they are fast moving and there are lots of potential buyers here on this forum but if you do think about personal goods like gadgets,cloths,etc. then it might do but sale would depend on interest of people.

the exact same way you start a business with USD, EUR, JPY, CNY, RUR,...!

bitcoin is also money but in a different form.

for starting a business, you first come up with a plan, an idea for the business then plan more about it.
then start thinking about funds, you either have it yourself or you ask some others around you to become your partner or invest in it.
then if it is a local business like a bitcoin-coffee-shop, you find a place and rent it or if you have the money buy it.
if it is online, you start hiring people to do different things, such as programming your site, doing the security, either implement receiving bitcoin payment yourself or sign up with something like bitpay.
then you start advertising...
then profit(?)

Hello i think his idea is very good, planning for the future, deciding what are the best bussines and the way to gain bitcoins with it, finding partner for your business! just think about the idea of it, a coffe shop, a cloth store or work with online goods :)

It's the same way as using any other fiat currency. The most important thing for a successful business is calculating what expenses running the business is going to take and then make an study of the demand for your service or product, and of course a factor of luck too since you cannot control everything.

If everything is in order the business should at least be sustainable and deliver decent profits.


In the BTC field, there are special niches that take advantage of the unique features of crypto, but that is your work to find out the possibilities and exploit them.

There are many variants for your business and you have got already many suggestions as I see. But all that cases you have to keep in mind all risks of such project. Bitcoin is still not stable, yes and dollar/evro/ect. too, but bitcoin is really unpredictable. And I suppose if your profit will be in bitcoin your costs will stay in fiat. So, please, count everything good before to start.

Ahm! Business. Ok, you can do N number of businesses with Bitcoin but first of all I would like to ask you what is Bitcoin to you? Do you consider it to be some particular commodity because to me it is just a mean of payment as blockchain token. Therefore, if you want to use Bitcoin just for transaction purpose, you can start anything usual. But if you want to start something related to its development, I would suggest you to learn more before going more technical. However, there is one field with great potential of profit and that is digital advertising in any form about Bitcoin and related websites. With passage of time, their number increased manyfolds.

Yes , thats right. When you have an enough value of bitcoins you are now able to do and create any kind of bussiness you want. You may also try to invest it to produce more bitcoin. Or you may also try other  but be sure you are doing right things at right bussiness. Thats the thing most needed in bitcoins. Having a capital to start.

There are many variants for your business and you have got already many suggestions as I see. But all that cases you have to keep in mind all risks of such project. Bitcoin is still not stable, yes and dollar/evro/ect. too, but bitcoin is really unpredictable. And I suppose if your profit will be in bitcoin your costs will stay in fiat. So, please, count everything good before to start.

It is sure a good thing to start on building a topic here in forum so other people who had experience in business will have the opportunity to suggest and comment on your idea. And it sure many people would speculate because it is a forum. Sharing is the key of the success of bitcoin. As bitcoin develop more opportunity will awaits to users to experience. If people will going to say it has a potential to grow why not to try and continue to see the suggestion of other people in regards to business you would like to start on bitcoin.

You will just modify the usual business in real life with bitcoin now as included payment.

I will assume you already know the basics and must thing to prepared before engaging in a business. After advancing to that, on what kind of deals you think you can able to get profit if you will startup a business with bitcoin payment? Are there any things on your mind on what type of business you will open? It would be great if you will tell us where are you now in your ideas so that we will start the discussion there rather than to read all personal experiences. :)

What kind of business do you want to start? A faucet?  :D

It's hard to start a business with Bitcoins, better to convert to fiat first and open your business in real life, it can be easier to make profit as most people around us don't use Bitcoins (low adoption yet on the world). It's not possible to help you very much about the subject as you don't give more details about the business you want to start, if you have money to start, if it's online or physical business, etc...

Maybe saving Bitcoins and sell them to a start a business whatever you want it to selling food, cloth, cellphones any kind of things, you should first study a demand in your comunity and saw if they are aware of the bitcoins for a way of payment in your business.

I don't have a personal experience using bitcoin to start a business. But I already have a business and I used my hard earn bitcoin to put a cash flow on my offline business. So if you are going to put up one, then research on your target customer and competition. This is the first thing I do, I try to understand who is gonna be my customer and how will I sell it to them. And I got lucky because they are the one coming to me to buy stuff, and because of that I make my life much easier because I don't have to do marketing and all that stuff so I was also saved money and learn how to grow my business. But of course, every business has its challenges so there are days that I don't have customers and days that all my stuff was bought up and inventory is clean up!!! Goodluck on whatever business you want to put up.

Converting the bitcoin into fiat first then start your business offline seems like a better option for me. You can study the market easier and the step is clear, have a plan, get the capital ready, choose the location and register your business. If you didn't want to convert, the option left is to open faucet, some casino or maybe selling digital goods in bitcoin.

I think you need to figure out what to do before you think about the business with BTC (not bussines) . Open a coffee shop
. Put a sign on the door to be accepted bitcoin. I don't know how to handle fiscal responsibilities.But it seems like it can be done.  ::) 8)


 

Obviously this is the best option. If the OP wants to open a business using BTC then exchange will be a better fit. An exchange is where buyers and sellers do their business. A seller of BTC deposits BTC with the exchange's address. He can then use his BTC balance in the exchange to sell his BTC for Dollars. But I do believe you need to have a lot of capital in order to put a exchange business.

Additional capital is always good.


This might be the easier path for those who are not very tech-savvy like me. The only disadvantage of course is that you are taking out bitcoins that could have earned more interest had you just held on to it.

Still, nothing compares to actually seeing your business in real life. Maybe you can leave some seed bitcoin and convert some of it into cash as the price rises (btc in wallet goes down but you can keep its fiat value constant). Maybe reinvesting a part of your earnings back into bitcoin might offset it. You would be buying less and less bitcoins as the price rises. If you're comfortable with letting money sleep, you can probably just keep the fiat savings in anticipation of a plunge.

Establishing this kind of business is not a small matter. It has a lot of rules and regulation to open a BTC exchanger site. And more importantly, we need very big capital to run this kind of business. If you fail to make a good reputation in the market, then no people will trust your site. Automatically your site rate will down, and you will get a big loss. So before putting a hand in this business think in all ways and start.

What do you exactly want to start you can't basically say you are going to start a business with bitcoin. And also i would suggest you that you start a business which has connection with bitcoin. If you are planning to start a international business like selling of electronics online it would be fine. If you plan to sell grocery stuffs in your country then best of luck.

First, you have to have a definite plan on what business to undertake. That means you have to have a feasibility study about your concrete ideas.

Second, you have to make sure the above step can very well be compensated by the amount of investment you desire to put in.

Third, you have to make sure that your goals are measurable, realistic, and time-bound.

Just like in any other businesses, you have to have an open mind in carefully studying your business idea's pros and cons. Is is through your perspective that will come about a definitive layout on what to expect in the future. 

By selling item through online and price them with bitcoin in short an online shop that the only payment method is bitcoin maybe you will be the most popular site in the future if you created this kind of shop

There are many business for you using BTC but BTC price is not stable.Every minutes BTC price is up & down.You can try trading using BTC but trade is always risk lose will be a lot of losses and profit if there is a lot of profits.

I have an experience in business in Bitcoin ofcourse. I'm doing trading I'l buy some bitcoin in low price and then Sell it to high price. That's my business in bitcoin. Or try to use your bitcoin to buy some altcoin and then sell the altcoin if the price pump. Many bitcoin user earning in that way.

Start a business as  you normally would have if you are using fiat. Then just put on your door, "We accept bitcoin". That's it. There is no difference in starting a business in fiat and in bitcoin. It is just a mode of payment, a currency.

You are already in the right place to launch your business that is related to Bitcoin. Try starting a campaign to raise the awareness of Bitcoin users about your business. Next is start a promotion that involves use of your business that way participants will have an actual use of what you are going to sell or use in business. Dont be afraid to spend in advertising.

I think I would recommend the same too. It's risky to make business with bitcoin because of it's fluctuation. Maybeyou could add loaning so you can make a decent profit. Just take precautions making business with others on loaning.

I think you should make a clear concept, if you're just a surely someday will get you trouble to take the decision. the best way is to hire a consultant if you are not experiences.

i think instead of business you should try trading by investing some good amount after getting some experience in it. keeps it in your wallet wait for the price to rise and sale in on high price and than purchase it on low price. iam doing this for almost 2 years and it is really benifitial for me.

If you are talking here in the digital world well the only business that's applicable here is just building a website just like gambling site or HYIP and the Trading site and that's need a huge amount of capital before starting and it will be a gamble because you need a many supporters for your site became popular that is the best here in the digital world to start the business with.

For me starting business is nice because your capital will be doubled in some way.Using BTC in business will help you to gain more profit because the value of btc will depends on the market.

Depending on what you want to open a business by choosing bitcoin as a means of payment of course related to the internet because bitcoin is one of the tools of payment on the internet that is popular maybe you can try to open online shop.

yes its true, electronic gadgets is one of the best products to be market nowadays, it has many ways to earn it. we can earn it and use it as well, it has a high demand of the masses or the people , I think you could try this one, here I sell it too and got a little bit but I think it is great for a new bussiness and a first timer bussinessman in the country.

It is almost the same with starting a usual business, the first thing to do is determine what kind of business you want to implemented and then what is your target, then you need to think how to handle the price fluctuations, the market for bitcoin business is still huge, so it is a good opportunity to make business using bitcoin

I'm also a beginner in trading but what I do now was I studying the basic about in trading, then also checking those altcoins which are potentials to trade in. Then learning how to use the proper way of analysis while doing the actual trade.

You want to ask and have an idea on how you start a business using BTC? It's a great plan for the future. First and foremost, having a Capital for a good start that is the fact needed in cryptocurrency. On the other hand, know your interest to simplify things for having the right business or you can invest it if you want to produced more BTC. But put this in mind, bitcoin is not stable so it's a risk.

For business you may be selling souvenirs, t-shirts, cups, glasses, and pictures with the theme of the bitcoin. Because I see there are still many people who need such skills to be able to give a positive impact in the bitcoin so that more and more users. Because more and more users then the benefits will be even greater, they automatically which saves a lot of bitcoin will feel it. but it does keep in mind, a success of misery. When you are successful but not through tribulations so one day you will be tested for these things
 

Yes i were studying about it and you are right but the beneficts are great if i have succes so i will plan it a little more before trying :)

Well it really would be helpful if we know what type of business you're planning to have and what your skills are. If it's a computer-related course, then you're probably be easily to monetize your skill by freelancing.

please be more specific about the aspect you want to start a business on since there are a thousand of work online and I dont think that you can handle all of them

Indeed, and you need to mentioned how much money you have to build a business. Bitcoin business mostly occurred in online environment because it is easier to do and people connecting through the network. Many people start from collecting/buy bitcoin as much as they could and then make a local exchange where it is easier if you have huge capital obviously.

The most common way seems to be first getting funding via crowdfunding, either by starting an ICO if you are looking to develop a new altcoin, or going onto Bitbond etc. to take out a P2P loan from people across the world.

However, this said, you always have to have a good idea in mind of your project first before you can actually take out a loan. Loans don't come easily, you'll definitely need to reveal your personal details to people so they feel like they're dealing with a legit person instead of another Mr. Anon who is a wannabe admin of another dice site.

Advertising is also important, signature campaigns usually are the most efficient way to get the job done.

I think it is best for you to monitor first or do a survey around your place if what is the product that is most demanded in your coverage because it will help you a lot to choose what is the product that you need to sell or need to focus on. After you made a survey then  you need to prepare the other things like capital and the place that you are planning to build a business and after those things then you can really start a business with bitcoin.

Bro, you're not going to start any sort of business.  If you can't articulate your query in such a format as to include even the bare minimum of details, then you don't have the motivation or the common sense to be in business.  Admit it, you just want to increase your post count or create a thread to let people shitpost in it.  Right?

And wait someone, who have BTC. LOL

You can have first a loading station for tapping up your mobile phone, also a remittance area for the place you are. I guess that is the best thing to start with bitcoin. I do not know what else because those are just easy to start with.

If you want to start a bussines using bitcoin i mean earn profit with bitcoin itself i think the easiest way is build your own little exchanger helping people to convert their bitcoin to fiat or vice versa. I have a friend who starting this bussines from zero to hero he started the business from facebook and localbitcoin about 4 years ago, since he offering less fee than our "big local exchanger" many people interested on his service including me. Now he has lot of loyal costumers and also has official website in order to make his service more professional, learn from him i think you need 3 aspects first you need huge capital, second offering something unique or different than opposite, third fast service, that's all.

In the bitcoin job , you need to struggle small in the beginning but when you will.spent your most of the time in one to two months then you will surely ces to now that how many Businesses ideas are in the bitcoin and which are better for you to make earning in better amount .
Here in my opinion only few of them are better , that suit me according to my interest .
1) Became a trader in bitcoin , usually you need to spent time to make a network of clients for P2P deals and need to create Trust between them .
2) Altcoins Trading , just use your​ mind to Invest in the trading of altcoins and sell them.when they get high , but probably there is no fix time that when that particular coin will rise , so in this case needed much patience .
3)Launch own altcoin , but need to get study about the development of the coin , Because coding job is really a tedious task Because a single mistake can destroy all.of your hardwork .
4) Own a exchage for the altcoins/bitcoin trading , own a news site of the bitcoin , own a faucet site and earn through advertisement .
5) This is last option to make fixed earning , join signature campaign in this forum and use your knowledge here in this forum to help each other .

Recently i started to use my bitcoin to earn extra by loading the mobile phone of my customers while im at work. im also accepting to pay your bills with my account its convenient and easy to do. however because of my work i have to stop it for a while to focus on my job. if you are thinking to start a business with btc, start on what is easy for you.

Hmm. That seems like a good way to earn, though I've to ask you. Does all your transactions involve only bitcoins and there is no fiat involve when you do loading and bills payment? Or do you still have to convert your bitcoins to fiat before you could do it? If you charge only a small percentage then you'll just be eaten up by fees.

when the price is so low,you could buy some BTC as the investment
and waiting the price rise，then sell it to make your money.

I didn't really get the question. Starting a business with bitcoin is just like starting it with fiat. But first of all you need to find a problem and its solution. Then turn your solution into a product or service and then sell it. Do some marketing in your niche market. If your idea worth it you will get investors, if you need, as well as customers. You can also charge them in bitcoin. This way you can earn bitcoin through your business.

Starting a business with fiat money is no different to starting a business with btc.  You should obviously know your target market, make a business plan and think about your starting and operating capital.  You should also consider how and when to get your btc, look at reputable exchanges where you can buy from. 

See the situation of the environment around you, if populated then I suggest you open a small business in advance by opening businesses selling pulse or vouchers and the like. With program purchase balance pulse using btc. Maybe this could be your recommendations to start on a small business. Don't see the huge profits that will be able to open at the beginning of this effort, but with an important bit of profit your business can run smoothly.

The easy way to start a business with bitcoin is start learn about trading altcoins or bitcoin to fiat money,
it is good for new people in digital coins but the problem on trading will be difficult getting constant profit
because the price of altcoins is fluctuation and it is difficult be predicted.

Before anything else, What is your market? what type of business which you like to establish? is it online business, conventional business,
or franchising business? If ever you like to build a traditional business you must check the area first that you are going to build in a business. then make or create a gimmick and you can give a free seminar to your target market place.

I agree with what you have said. Me, im a newbie and im still learning how i can manage this bitcoins. I wanted to learn how to earn more bitcoins so i can invest it and earn more or try to create business with using it. A friend of mine keeps reminding and guiding me to on things i should be aware about dealing with bitcoins. I really practice and still in progress in learning suchs for bitcoins so i can earn that capital needed for business purposes.

Yeah, i think if you have many bitcoins or me too that if i have many bitcoins. I will create my lending service here and create altcoins that will succesfully launced like others ICO here that succesfully launced. But hoping that i rather have many bitcoins to achieve all my plans

I am not sure about if you want to start a business based on bitcoin or use the bitcoin itself to start a bossiness either way, starting a bitcoin bossiness or a business that accepts bitcoin should be based on what we the bitcoin users need, it is a basic rule of starting a successful business to always look for what people need, for example online shopping with bitcoin is something that we all need and that we be a very successful business.

I wish to know exactly how many Bitcoins one need to start that lendind service you are talking about? i mean with the cryptocurrenci always changing you will need the bitcoin with a big value to sell it and have capital for your service.

To start business with bitcoin, you need some preparations of course:
- collect bitcoin from various sources such as faucets or buy bitcoin from another person, etc.
- your idea to create a business, what kind of business? And how to maintain it.
- gather some friends whom​ have skills to help you start the business.

A business plan is the most important thing to begin with. You need to survey the market and evaluate if starting a business is worth the time and investing money.
Usually in a spot where a normal business would have succeeded a Bitcoin business will too. So, if you are a painter and know people, who would buy your paintings, start offering them for Bitcoins and boom, you have a Bitcoin business.

Yes, we of course need enough bitcoin for starting any business but for that stating example of faucet as a source for collecting, must be highly ridiculous and you must be kidding. A business from faucet earning ? only in dreams.

Any business which are based on bitcoin will definitely attract different group of customer in your local against your business competitor also when adding some more innovative ideas will ensure your success rate more quickly. Maintenance must be part of business plan, it has nothing to do adoption of bitcoin payments.

Friends or strangers only skilled people alone required for development and success of any business. Need to be more careful on this too.

yes no doubt that business plan is too much important but i think that additional with that you need to have some good experience and skill in trading if you do not have such experience in trading then you cannot show good result in trading.

Planning is one of the most important thing to think before doing anything because a work without plan is planned to fail so it is better to set things up before executing any action. Plan the products first and what is your passion so you will not be worry about the products that you will sell when you start a business.

Who said OP is going to make a trade? he wants to start a business and bitcoin-based, probably he'll more likely to implement bitcoin in his business, if you're assuming that by mentioning business with BTC is the same as trading, you've gone wrong.
I couldn't agree more that planning is a really necessary thing but also you may aware of other factors which more likely to make your business success. Think about how your business could help people and providing people such services which make their life easier, and they'll come.

Using bitcoins for your business is cool but really not that good. I wouldn't start anything only based on bitcoins, It's still very unstable and most people are not using bitcoins. The only business that really benefits from bitcoins are online business and still I wouldn't use just bitcoins. Bitcoin should just be another form of payment for your business. 99% of people still use paypal, credit card etc...

That being said there are business here that are using only bitcoins and are making an insane amount of money with very little risk if any, casinos. The only issue is that you need a big amount of money to start out and good security for your site, other than that it's pretty much a guaranteed profit.

In my mind, making a business with bitcoin, just started by exchanging bitcoin into fiat form, then building a business place, like a cafe, or a shop. It can give you a lot of results, even you can accept bitcoin as a means of transactions.

You can try lending  with bitcoins I can see many business  today using android app for lending purposes if you have good enough of bitcoins you can try it..You're only problem is how to make sure you will be paid in return especially  with no collateral..

I think it's a bad business because when we start the business there will be a lot of people with false identities to get lending,it's very hard to find a way to get them to pay back the lending when we just first run the business.

I started a bitcoin business with the one I made from the basics so I knew what to do early in the business

You're right, lending bitcoin is very risky. With fiat you have accounts connected to real IDs, and it's easy to track someone if he defaults. What will you do if a bitcoiner does?
You'd need collateral, but then it's more like starting a pawn shop than a lending business.
There's no way to check a person's banking or a loan history, due to most transactions being anonymous. I doubt bitcoin lending will ever become a big thing, cryptos weren't invented with that in mind.

If you don't have much money or resources, one way is to start teaching people about it, joining crypto teams, engage new non btc people and share the good things about btc and crypto in general, from there you will have plenty of resources, connections and with the experience you gain you'll be in the next level to make better decisions

Its a good idea to that thanks! if im able to teach some future partners about btc and assamble crypto teams i can expand and gain a lot of experience thanks for the advise :)

i think that if your going to start a business in any currency, especially true for bitcoin, you'll need to work hard( extremely hard) to make sure customer satisfaction is guaranteed. Even if you have the best product in the world, if you have 1 or 2 customers who are unsatisfied out of your first 10 customers you'll be very fortunate to continue with your business and not losing money. Great businesses, run on great customer service, if you have a crack head for your service rep for example and you get 5 out of the first 10 customers you receive needing customer service and calling to get customer service, there going to call "jack the crack addict" and maybe the first three are satisfied but the last 2 of those customers had a horrible experience things won't go well. customer 1-5 dont need customer support and had an amazing experience, customers 6-8 need customer support and get the best attitude "jack the crack addict" can give yay they had a wonderful experience. Now customers 9 and 10 need customer service and "jack the crack addict" decides to tell them he does not have the ability to help them and they have a horrible experience. customers 1-8 are extremely satisfied but don't( and wont on there own initiative) take the time to write a review because all they wanted has been fulfilled. customers 9 and 10 and unsatisfied and extremely pissed they didn't get good service so they go and write a review. " to any and all who want to go buy this guys product, CRACK IS WHACK YO". with fiat currency its a little( little bit) easier to prove you lived up to your end of a deal with proof of payment + identity on proof. with bitcoin transactions you can't prove shit so you need to make extra sure no one gives you a bad review.

Starting a business using btc is a good idea to do, since this is a money to be use for spending on things which is useful to our daily lives. In a business type that I am planning is a fast food chain that linked to bitcoin payment with regards to fiat currency compatibility. With this system many people would be more educated with digital system of currency, also they were more comfortable to pay buying their food to eat anywhere, and business profit will grow to expand the business itself.

That's a possible solution, but for the same user needs to spent lot time on learning. In my view it's good to implement or start to accept bitcoin in the business which he has good knowledge base. If it doesn't profit immediately sure it's an guaranteed  way to yield the profit.

What type of business are you planning to build? Is that online or physical store? Actually you can start anytime with bitcoin but when it comes to business you need to identify first if you will be targeting bitcoin users. Since bitcoin is a currency, any time you can start with it. And just indicate that you are accepting bitcoin for payment.

There are only two ways to start Business in bitcoin .
Furst way is to start hardwork for earning in the small amount ( usually most of the newbies who have no money  starts to make earning through the signature camapagin and Faucet collection )  , and then start your Trading with your earning .
The second way ( if you have money in bulk ) to have own site either for the exchage of bitcoin/altcoins , btc related news sites , casino , faucet site , all these will help you to grow your income in bulk amount  .
But you should have much better amount of money for the Investment in the starting .

That is a good idea for you to start a business that is all about food because it is very easy business and you can already guarantee a lot of customer for your business but you need to make sure that the place of your business will be on the right spot like it is close to the road where a lot of people are passing by so you can easily get noticed by the people.

For something like food you might end up being a bit too niche, however it isn't a bad idea if you run something like a stall or whatever that accepts (and offers discounts) for people who opt to use Bitcoin instead of fiat. It all comes down to location and whether or not people are actually going to show up to your storefront since there are other options to choose from. It all comes down to specifics.

A food delivery service might be interesting, assuming you do it well.

yes that is also a good way of making money but you need to keep it in your mind that lending bitcoin is too much risky. as there are alot of cases already present where people lend money to other and now they are not returning their money, so you need to be very careful about that, because if you give money to a wrong person then you will become unable to return your money from him.

you want to start business, so you are new. you don't tell your ammount and location. first you know about btc currency for trading. trading is a good job other if you have huge ammount you can creat excanger.

In my opinion its way better to do buisness involving bitcoing and fiat not only bitcoin.

Bitcoin accepted here logo is a very cheap advertisement. You might get a dedicated costumers as well. You must address the middle class and services as this is the most likely niche of users that might be interested in paying with bictoin.

What kind of services you decide to do is your choice but services involving food and computers are the safest bets.

Thats just my 2 cents.

i will suggest to open a currency exchange site , like BTC to GBP - BTC to CAD - BTC to JPY - BTC to AUD it is simple business if you know well enough about online payment processor world . you can take a little fee as your profit just like a bank.

you don't need a physical office too to open that kind business , not like when you open a cafe etc.

Like others I started to earn bitcoin with nothing. I spent my vacant time for studing about bitcoin, on how to trade, invest and first to earn a bitcoin.

Actually I don't have money to start early a business using bitcoin so to do that I join in signature campaign to earn a bitcoin after that I used it in trading to get more profit. Even there's a challenges in a beginner that the reason why others success in their life.

For me to start in a business I get more knowledge then try if it is effective, if not don't ever to stop. Try and try until you succeed.

What kind of business do you have in mind since there are many directions you may take, you could try to create a casino or an exchange but the truth is those two are filed with great competition and unless you have some great and unique offer then you are probably not going to succeed.

You are right a lot of competitions with it so it is very difficult to compete with the other now because you are just new though think something a new idea sort of there are only few online shops that accepts bitcoin in paying. Sort of selling and casino is the trend of the bitcoin right now but you just think a innovation with it that it will click to all of the bitcoin users

OP can create more unique business ideas rather than creating a casino or an exchange since new services that accepts bitcoin as payment can be good too. For example, OP can create an online shopping platform where he is a midman and there is someone who sells in it and someone who buys. Also, OP can create his very own netflix like site that accepts bitcoin as payment and many more.

Bitcoin can be used for any kind of business that involves commercialization. I agree with you, who wants to start a business must avoid competitive niches which there are lots of same businesses.
Try something new that nobody thought yet, or that nobody has yet with quality, because there are many services fail, without quality for customers, if you compete with these services you can have success.

Start a local bitcoin exchange for cash with certain amount of commission. You will learn the dynamics on the go. Then you can leverage that knowledge to find out what works best with the properties of bitcoin.

In my opinion treat bitcoin as asset than currency. Hence selling and buying bitcoin itself is a business.

i think that if your going to start a business in any currency, especially true for bitcoin, you'll need to work hard( extremely hard) to make sure customer satisfaction is guaranteed.

Even if you have the best product in the world, if you have 1 or 2 customers who are unsatisfied out of your first 10 customers you'll be very fortunate to continue with your business and not losing money.

Great businesses run on great customer service, if you have a crack head for your service rep for example and you get 5 out of the first 10 customers you receive needing customer service and calling to get customer service, there going to call "jack the crack addict" and maybe the first three are satisfied but the last 2 of those customers had a horrible experience things won't go well. Actually research the people that you hire, don't just hirethe cheapest person.

TLDR: Hire some real customer support, make sure that they can speak ENglish. The telltale signs of a scam site is that it doesn't have an active support crew and if there is support, they don't speak english.

I don't have any bitcoin-related business but yes I sold my domains which were related to bitcoin on this forum and got payment in bitcoin. Since bitcoin is yet establishing among the masses, any business which is bringing innovative concepts has a good scope of acquiring the market, for example, I strongly believe that bitpay would surpass paypal's volume in coming years so come up with any creative idea and try to execute it.

Yes, it all depends on the capital that you have for your business. People with a high budget capital enjoy huge and more profit as those compare to the one’s having a low budget. Also unlike all the other businesses the Bitcoin provides you the opportunity to start with a zero capital. So people start collecting the BTC and then either trading or gambling make the amount huge.

You can start it by simply buying BTC, lend it to some trust users and boom, you have now a lending business in  thisforum.  And more serious matter, make sure you have the SEC and you comply to what it wants.    Open an online store and hire advertiser to have our shop advertised.  Learn more about web development.

i think the idea of casino or exchange is too much better and i also think these project is very profitable and easily you make bitcoin in high amount but it needs a big expenditure to create it and if you bitcoin in less amount then you can open online shop and accept bitcoin.

If he is talking about starting a business with BTC then he is talking about online business so in online business location often do not matter but the amount of capital really matter. If he will mention that how much money can he invest then a number of members will suggest him according to his capital. Trading is better option for crypto users but if he is new to trade then he do not have to start but first need to learn.

You can also try mining BTC but that needs a huge amount of money to buy the necessary equipment and resources to do so, maybe you can do a bussines with that

Many kinds of business with bitcoin, they are trading altcoins, exchange, gambling,sell things be paid with bitcoin and other.
Which are will be choosen​? I don't know because it is depend on your choice,
my personal experience is trading altcoins with strategy trading and i don't traded​ depend on my lucky,
i made rules of trading before entry and exit market.

Bitcoin mining is not that easy to do because it requires a lot of thins like a big capital for buying mining rigs and also for the expenses like the internet, electricity bill and also for the maintenance for your mining rigs and you can't be sure that they will last for long because mining bitcoin will reduce their life span so it is also risky business. I suggest to try other business like online shop and accepting bitcoin as a payment.

There is a huge difference between one btc business and another.
Do you want to start btc trading,btc gambling or a faucet?
To start a business you need two things-money and knowledge. 

Mining can be really profitable, you just need to buy a chip rig like R9 290 (pretty affordable) and mine some coin which still has pretty low difficulties, mining bitcoin is only wasting your time if you don't have that good rigs and mining is not that risky, you just gamble to whether earning profit or not in a month, you will not lose your rigs because of mining.
And one thing, business like online shop also have a risk, there's no business in this world which don't have the risk to be honest, all is fair with the earning you can get.

That must be the first thing that businessman must have also make sure the community that you are into are using bitcoin because it is useless if they dont. But you can have it on fiat way.

If we talk about business then one may consult from his inner first. You need to look at yourself that what really you are better with.

It totally depends on the interest and the commitment of the individual to find the best option for to work and then work with quite unique ideas as there are already competitors present in the market for the old stuff. So better to find something new from you.

I don't know if this fit but you can use Bitcoin to buy and create a website from Hosting sites that accept Bitcoin. I think that is the best and cheapest way to earn Bitcoin back again. Right now there are promos like 30$ for 2 years of hosting that includes 1 free domain name. All you need to do is create a website in which you are dedicated from so that you know what you are doing therefore increasing more traffic to your site. Monetizing your site is always a good way to earn money as soon as you build up your audience it will be easy for you to have a regular income with it.

To start a business with bitcoin is very easy, even by owning it, you can make an investment by utilizing the rising prices. Pretty much anything you can do, especially investment, minning, and many other things.

Yes, for the purpose of lending you have to be very careful about to whom you are paying the amount. Also the legal requirements i.e. the documentation of the lending should be completed before you lend your coins as there are many scams around and people are just waiting for the others to make a single mistake and they get the edge from that.

No one will let you go clean so be careful for any of your lending decisions.

Lending bitcoin is a very risky business there are tons of scam accusations and a lot of them are of people that did not paid their loans, there is a platform like btcjam where you could do that but there are also lots of bad stories of users that have lost money when people ran away with their coins.

If you have the money to burn on something like a mining rig there's a high chance that you're going to be getting way better returns on your investment if you took that money and started trading altcoins with it, assuming you're part of the right cliques and know when something is going to be spiking. With mining it's a time-burning activity that requires constant changes and a longer time-frame for a decent ROI, when it comes to directly trading alts you can be making bank with next to no input required other than capital.

I agree since you it's hard to find some trusted people especially there are a lot of news regarding scams like every now and then, those people who have been taking advantage to other people. Online shop would be nice but since you will launch it as new then you need to allocate some money on advertisement, adjust some fees, think as to where you will get the things that you will sell and etc. I suggest that you should start in some more basic business like establishing a shop that might be food or things in the real life since online is kinda complicated I think.

Yeah this is how I think too. To get a good scope of your business you must choose something new with a preference of the objective that no competitors are there so to drive your business activities smoothly without any pressure of the competitors. If you can offer such a business activity to the market believe me your business will rock.

Yes both these things are important but the goodness of the BTC is that you can start earning it with no capital amount of money needed such as for faucet and the signature campaign. Once you earn the BTC you can trade it with any other alt and can make a handsome amount from it but all you need is to get prepare for any trade with a prior planning.

Well it is kind of currency so it does not really make it new. You can start any business with it as long as all the members and team workers are accepting payments in the form of bitcoin. If you asking something to start as bitcoin generation then you can go with mining I guess. These days it is hard to mine the coin but you can always come up with good plans and set up if you have that much btc in your wallet.

Collect as much as btc to be used as initial capital, By then we think a mature business what would we live.
If you've found the desired business, then you can redeem the btc you have to the real currency.
My advice for starting a business should start a simple business first.

We will be more creative if holding a lot of capital, I suggest to engage in trading market, if you have an offline business such as rental cars or cafes, then you should get acquainted and collect a community that will eventually be associated with bitcoin payments on your business, this is simple but very profitable idea.

If you want to start a business, you should venture on the field where your expertise and interest are.  If you have made up your mind, create a feasibility study, know your audience, the supplier and items prices.  You should also know how to advertise and manage the company. If you are missing one then let others handle your business.

There's are many option start bitcoin business. You can start your own lending section but you need big capital and you nee more knowledge how to start it or how to manage this. Its better if you start yout own lending your loaner need to give you collateral to make sure that your money safe. You can start also business trading buy bitcoin with cheap price and then sell it when the price increase and trading is not easy also you need also more knowledge.

Couple of business that you could work on to build around bitcoin :-

1) Start a trading website and you get fees.
2) Lending business to your trustworthy people who requires it.
3) Accept payment for your business in bitcoin.

Yes I did, I have personal experience in starting business with btc. You can create your own trading sites, gambling sites, and offer srevices with bitcoin payment. You can also offer trading lesson with bitcoin payment. This is something quite challenging to do yet it's worth it to see its result.

Well in the first place, you must a have a right mind set that you know how you can handle your business. You must always have a will in what you are doing, otherwise it would fail. Also, you should never stop learning and always consider other's opinion so that it may help you and guide you in the business you want to go through.

good advice dude. people who are afraid to take risks often lose the chance to capitalize on opportunities. everyone doesn't make the right decisions all the time so don't be afraid to make mistakes and lose some. these will make you a better decision maker in the future

I agree with you , Making a wrong decision sometimes is not as bad as your decisions. But making a bad decision every day is sick. Making risk can lead to trouble or success , In business taking risk is important to get the success in te business you make.

You need to research well the market or niche you are entering into and do all the necessary ground work and see if you have the credentials to see things through. You need to assess the market, budget, cash flow and business forecast and also your talents..Once you have sorted all this out you need to see what capitalization you need and also need to see what are the liabilities of your running the business will be.

You can avoid getting bad or wrong decisions by having a great knowledge about the business that you want to start because if you got knowledge then you are aware to the things that might happen if you do this, if you do that. Knowledge is one of the effective prevention for almost anything and the good thing is, it is very easy to acquired.

Well as other said, you need to know what venture that interest you most. It will make you research easier and entertaining.  Aside from that, since it interest you, I am sure you have already tons of knowledge about it.  Another thing is know your target audience.   Then start up the business put a gateway payment that can process bitcoin payment and you are good.

For now the only actual business I knew other than putting an investment or do trading is having a own payment center that are applicable in your country and services that can be used like easy payment for electricity and water same with eloading,and shop online with bitcoin users and can attract non-btc user since its hassle free.

What you are thinking business is the same as service happen here in my country easy paying electricity bill or internet bill or you can shop online using bitcoin i think the same as coins.ph that actually its a big help that we can withdraw bitcoin in fiat without exchange it..
I think there are also a good business in bitcoin.. gambling casino is a good business that i think you can earn a good profit.. 

I suggest if you want to start bitcoin business you can start online shopping you can sell gadgets like laptops , computer ,phone and part of the computer and also you can sell the miner and the payment also is bitcoin. You can try to sell also gift like toys ,  clothes , chocolates and many more for sure if you sell more Items your online shop become more popular. I suggest your Item will cheap and they have discount so many people interest to buy to your online shop I also suggest discount and freebies and also promos. Goodluck bro I hope you will become successful to yout bitcoin business.

Creating a trading site, an exchange, it is not easy at all unless you have experience in security, coding and crypto currencies, too many people try to create an exchange without any kind of expertise on the topic and that is why we have seen so many hacks.

The simplest way to start a business with bitcoin, is to start a business that accepts bitcoin as a form of payment.  As adoption increases it will be more important for countries that don't have access to bank accounts to be able to purchase merchandise online and bitcoin will allow them to do that.

You have to be a lot more in-depth than just something like that to be honest. Just because you have a business that accepts Bitcoin doesn't mean much if you just slap "Bitcoin accepted" to a whole lot of nothing. You have to get something rolling that people are actually interested in being involved with, something like a trading website, a gambling website, a means of buying things with Bitcoin that aren't typically available with Bitcoin, something like that. It can't be all that simplistic.

you have to think what business you are going to make and because of the fluctuating bitcoin price you also have to think about the price of the goods if you want to receive bitcoin. also because bitcoin is still unknown by some people you have to be right about advertising your business.

Starting business with bitcoin is need a large capital because the bitcoin is digital currency so the business that you are going to make is a digital too or online just like the gambling site that is have a big profit but before starting a site like that you need a big capital because the way to make your site became more popular is to advertise it so you will pay for that just like others do by just building a signature campaign. theres so many way to start business with bitcoin but the capital you need is it must be big.

Yes first is think an idea on what is the interest  of other users here. Then make a plan for it. I like your idea about the online goods because i observed that nowadays most people buy their thing through the use of internet so if you make a business like this bitcoin users can now buy what they want with the use of their bitcoins.

But I do believe any business that we are having in real life copied into online platform along with bitcoin payment acceptance might have huge possibilities to have success in more quicker times. This is because online shopping and bitcoin community are the hot trends as per I have observed in many social media.

The chances to attract some new group of people along with bitcoin payment is possible as it will be giving some new advantage for the business compared to competitors of same region.

When planning to a start a business is kind of risks, there are many things to consider by doing so. Bitcoin is a volatile its price and currently increasing now. But the thing is here you cannot control it, you must consider the profit you might get when starting a business and converting into fiat.

I guess if you want to make a business you should  think a odd business that no one ever had. I recommend you should find a product and sell it online and the payment will be bitcoin. Then if your business is going well you may accecpt investment to be more helpful on you funds. However, inorder to start business you should have enough capital.

I agree.  The basic business plan has o be sound.  Accepting bitcoin is a plus.  There are many directories that list sites that take bitcoin.  So as you say it isn't simple as starting any business isn't.  As you know 9 out of 10 businesses fail within 3 years.

In my own opinion btc is good for buseness because we are using not type of paper money and digital currency. If we do buseness just to gain a good profit and btc is the good answer and beside you can use bitcoin to earned buseness. So that in the future you will earned your profitable income to be a possive income.

If you have specific knowledge, or you belong to a devoted, about cryptos, group there are a couple of start ups out of here. If you already have any form of business and you want to widen your customer base then be bitcoin friendly it's not difficult. Especially if your business is an online one, bitcoin is better than paypal. After that, you convert it to fiat or you keep it as an investment or buy with it other products.

You can start a Bitcoin accepting gambling website and from all indications they are very rewarding and a lot of people are jumping into that venture now. You can also improvise by integrating Bitcoin into one of the already established fiat businesses(a coffee shop, computer shop etc.) that other people run and watch it grow; it's an experiment though but it could turn out great.

What kind of bussines you want to start, is it online bussines or offline?

Yeah one should take risk in their lives if we look at the life history of all the highly successful and renowned personalities of the world, we will come across the fact that these entire people were risk takers. Those who afraid of taking any risk in live will always live an under estimated life.\

Well yeah there are many more that one can start with; it needs you just to take an initiative. There is one thing that need to be remember by any of the new business starter and that is to not to think about the earning etc. just start such a business with which the life of the people can be eased and you will be successful in it.

Yes this is a very nice idea. No matter wherever, not only an online store but you can have a store in the street that accepts the Bitcoin as a mean of payment. I hope it will be a very successful business and many people will come across with the use of Bitcoin.

All success begins with a good promotion, in which case we should tell the friends or community bitcoin first, then just publicly announced. News will spread from mouth to mouth without us monitoring and knowing directly. This is good effort and you just stick a sticker or banner "bitcoin accepted here" on your business.

Yes, setting up a bitcoin based businesses is easier for anyone but making it popular through intensive promotion would be the biggest challenge to any business people will be facing. But only those promotions will be deciding the success of that business. People might need to spend more money for promotion purposes than what they plan for starting up the business.

But when a business keeps on following business ethics and quality in services, I believe it will get popular over time without any intensive promotions. But it needs more time and people needs more hard work to prove their quality of services.

Well, first of all you should check, is Bitcoin legal in your country. Here's the list - https://www.cryptocoinsnews.com/top-10-countries-bitcoin-banned/ . Next you should learn all about technical side of Bitcoin, so there won't be any unpleasant surprises. IMHO this two steps are necessary, other parts are the same with usual business :)

if you are going to start a online business then it is not such a big problem you can start  that so easily, but if you want to start a physical business in your are then it depend on the bitcoin users, if the users of bitcoin are good enough then it is not such a difficult job and one can do that very easily.