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Author Topic: How can we encourage local businesses to accept BTC?  (Read 183798 times)
wxa7115
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September 26, 2016, 04:22:02 PM
 #421

I did not encourage any local business owner, as yet, but talked to some close friends who want to send money abroad, explained that using bitcoin it would be cheaper and faster than using banks or Western Union/Moneygram services and convinced some of them to send this way.
Good idea and good for you, to be honest I haven thought of using bitcoin instead of western union, but it makes sense, since the tariffs offered by western union can be completely ridiculous.
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Aamir1
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September 26, 2016, 04:37:52 PM
 #422

Encourage local businesses by just using bitcoin and showing them it's actually a currency and it is being used.
Cause if they don't see that it's globally used then it's no reason for them to add it to their payment methods ofcourse.

I don't think they would accept it just by seeing you using it as an individual because it can be profitable for someone using it individually but it cannot be the case if someone is adopting it without any other adoptions around because there might not be other users in that place using bitcoin beside you.

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September 27, 2016, 08:54:38 AM
 #423

Encouraging local businesses is not a thing for users of bitcoin to do, it will feel more like pressure cause you just want to use it.
They have to be informed via commercials for example and then they will find out about bitcoin and it's benefits.
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September 27, 2016, 05:30:44 PM
 #424

Encouraging local businesses is not a thing for users of bitcoin to do, it will feel more like pressure cause you just want to use it.
They have to be informed via commercials for example and then they will find out about bitcoin and it's benefits.
That does not make much sense, who is going to pay for those commercial that you speak of? The investors, users of bitcoin, the developers, the exchanges?
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September 28, 2016, 01:51:35 AM
 #425

Encouraging local businesses is not a thing for users of bitcoin to do, it will feel more like pressure cause you just want to use it.
They have to be informed via commercials for example and then they will find out about bitcoin and it's benefits.
That does not make much sense, who is going to pay for those commercial that you speak of? The investors, users of bitcoin, the developers, the exchanges?

Well I guess that is not going to happen immediately because the investors and local stores needed to make sure that their investments and advertising is going to be worth it. One of the risk is that you are going to advertise and not having some research on how many people are already using bitcoins to your place. That is going to be a waste of money for them.

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September 28, 2016, 02:58:54 PM
 #426

Encouraging local businesses is not a thing for users of bitcoin to do, it will feel more like pressure cause you just want to use it.
They have to be informed via commercials for example and then they will find out about bitcoin and it's benefits.
That does not make much sense, who is going to pay for those commercial that you speak of? The investors, users of bitcoin, the developers, the exchanges?

Well I guess that is not going to happen immediately because the investors and local stores needed to make sure that their investments and advertising is going to be worth it. One of the risk is that you are going to advertise and not having some research on how many people are already using bitcoins to your place. That is going to be a waste of money for them.
Right now the most effective to expand the user base of bitcoin is not with expensive commercials but with old and proven word of mouth, with the current technology like social networks the old word of mouth has become even more effective.
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September 28, 2016, 03:22:48 PM
 #427

Encouraging local businesses is not a thing for users of bitcoin to do, it will feel more like pressure cause you just want to use it.
They have to be informed via commercials for example and then they will find out about bitcoin and it's benefits.
That does not make much sense, who is going to pay for those commercial that you speak of? The investors, users of bitcoin, the developers, the exchanges?

The commercials are supposed to be paid by the businesses accepting bitcoin because if they start doing business with bitcoin they would probably need bitcoin customers and for getting bitcoin customers they would probably need to promote their business combined with bitcoin.

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harizen
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September 28, 2016, 06:14:59 PM
 #428


Well I guess that is not going to happen immediately because the investors and local stores needed to make sure that their investments and advertising is going to be worth it. One of the risk is that you are going to advertise and not having some research on how many people are already using bitcoins to your place. That is going to be a waste of money for them.

That is part of the risk when putting up some investment. Other companies with unique features in their product are like that, making up some great advertisements even an ad in a television. Others succeed but others don't. They don't know what will be the output of it to the viewers that's why they are testing it.

If a local businesses merchants is really serious in accepting bitcoin, they will enter that risk of adverstising.

Like I said, if "really serious".

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September 28, 2016, 06:19:37 PM
 #429

Encouraging local businesses is not a thing for users of bitcoin to do, it will feel more like pressure cause you just want to use it.
They have to be informed via commercials for example and then they will find out about bitcoin and it's benefits.
Commercials are good but local retailers have to have some kind of incentive as well if we want them to accept BTC

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September 28, 2016, 06:26:43 PM
 #430

Bitcoin could be the solution for small, local businesses, especialy for start ups and when there is luck of other ways of financing. But the problem is if they are placed in small communities where people are not very keen to accept and use Bitcoin, which is often the case, then their chances are not very big.

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September 28, 2016, 06:32:44 PM
 #431

Its not easy to encourage local business to accept btc but if its related in their product or they can know what bitcoin is exactly maybe they can accept bitcoins too. better to share to them how you earn in bitcoin..

..Decision from segwit2x is not Final..
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September 28, 2016, 08:39:06 PM
 #432

There are maybe some methods to let businesses accept the bitcoin, I think if you tell them about the fact that they can make profit with doing almost nothing some will step in without  doubts.
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September 29, 2016, 08:10:30 AM
 #433

It is all about proper impartation of or knowledge about bitcoin and we have to educate them very precisely on what are the benefits that they can get if theycarw going to use bitcoin as a payment

Yes but i think the benefits are not big enough right now for them cause we don't see enough people actually using there bitcoin yet most people have it as a saving investment so spending it is taboo for them which is a big con for shop owners.
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September 29, 2016, 05:08:13 PM
 #434

There are maybe some methods to let businesses accept the bitcoin, I think if you tell them about the fact that they can make profit with doing almost nothing some will step in without  doubts.

I guess that would work for an individual that they might earn profits without doing anything in bitcoin but that wont be the case for a business as a business wont be able to hold any funds like an individual but they will have to keep them rolling which might cause a loss for them when the price drops.

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September 29, 2016, 09:26:51 PM
 #435

Every person that know about bitcoin and has a shop will somehow try to accept bitcoin in their shop. So basically for us to encourage more people is to inform that about bitcoin.
Tell them what bitcoin is and how they can make or implement it in their daily life and business.
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September 29, 2016, 09:43:38 PM
 #436

There are maybe some methods to let businesses accept the bitcoin, I think if you tell them about the fact that they can make profit with doing almost nothing some will step in without  doubts.

I guess that would work for an individual that they might earn profits without doing anything in bitcoin but that wont be the case for a business as a business wont be able to hold any funds like an individual but they will have to keep them rolling which might cause a loss for them when the price drops.

Thats why they're getting a hard time to accept bitcoin at their business since bitcoins flactuates fast and i think the price drop is the worst fear of those business owner he they wouldn't accept bitcon for now, remember they are not regular long time holder and bitcoins cannot be trusted to hold for that longer and many pennies will be loss for sudden dump, so acceptance for now is really hard to achieve and maybe lets wait for further news.

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September 30, 2016, 02:24:46 AM
 #437

Encouraging local businesses is not a thing for users of bitcoin to do, it will feel more like pressure cause you just want to use it.
They have to be informed via commercials for example and then they will find out about bitcoin and it's benefits.
Right, as they as want for know bitcoin just causing by their intention and not from the another people's advice and that's will not giving them pressure and i agree with it, and especially they will wanna for learning bitcoin caused by their intention.


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September 30, 2016, 02:31:44 AM
 #438

Encouraging local businesses is not a thing for users of bitcoin to do, it will feel more like pressure cause you just want to use it.
They have to be informed via commercials for example and then they will find out about bitcoin and it's benefits.
Right, as they as want for know bitcoin just causing by their intention and not from the another people's advice and that's will not giving them pressure and i agree with it, and especially they will wanna for learning bitcoin caused by their intention.

Bitcoin businesses however aren't that promoting masively the fact that they can just target small community like this forum. A lot of bitcoin businesses don't even advertise on adnetworks as having thier presence here in the forum is enough to get noticed by the users.


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JITENDERPAR3
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September 30, 2016, 03:05:15 AM
 #439

I am looking to help move BTC forward into our economy more and would like to get some suggestions on how we can get more retailers to accept BTC as a payment.  The best part about accepting BTC is that they do not have any threat of charge-back from the customer.  I am just looking for some more input before I start approaching some of these local retailers.
if you want find a bitcoin accepting shops in your local then tell your story of successful buisiness and earning in bitcoin . in this way local businesses and shop holder will take interest in your matter .

agustina2
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September 30, 2016, 04:30:46 AM
 #440

if you want find a bitcoin accepting shops in your local then tell your story of successful buisiness and earning in bitcoin . in this way local businesses and shop holder will take interest in your matter .

Do you think owners will just hear to that kind of statement without demands from most of it's customers?

If those owners really getting high and good profits out of their usual way then they will just hear the idea of accepting bitcoin but will not take serious of it.

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