business ideas

[hanwong]

Hi everyone. I'm newbie, in fact first post. I wanted to see what kinds of business ideas I could implement simply by promoting bitcoin usage to my friends, families, and merchants. I just started learning about bitcoins and absolutely love this concept. I want to spread the word and I want to see how I can make some money by helping spread the word. Thanks in advance for any constructive answers, commentary, and replies. I hope that this will be the beginning of a fruitful engagement with the bitcoin community.

[Baykun]

Although there's a lot of business opportunities for BitCoin entrepreneurs, BitCoins are not very efficient to use in the real world. That's why most BitCoins transactions take place online, either for digital goods or for items to be shipped to their house.

If you're trying to start using BitCoins in real life, it won't be very efficient unless you come up with a brilliant and easy idea to rejuvenate the idea of using BitCoin as a quality currency. Plus, the market price of BitCoins varies a lot very fast. It's very unstable.

[hanwong]

Yes, I've noticed exactly what you said. It is very hard to use bitcoins to buy coffee or pizza IRL. It's just that there are so few merchants that will accept it. That's why I want to help merchants become more familiar with bitcoin and accept it as a form of payment right next to cash, credit cards, and debit cards. But merchants will only start accepting bitcoin if they see a new benefit from accepting BTC like if they can reach a new market because they are now accepting BTC. They have to have an incentive to accept BTC. Just like when merchants started to accept credit cards. This opened up a whole new market to them, people who didn't have cash in their pocket right at that moment, but still needed their product or service. The fact that credit cards opened a new market for the merchants is why most merchants don't mind so much the 3% credit card fees. So what kind of new market or incentive is BTC going to give the merchants so they will start accepting it and thereby create a bigger market for BTC use in the real world?