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Author Topic: Where i gone wrong?  (Read 3395 times)
Coinbuddy
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September 29, 2016, 05:24:30 PM
 #1

Hi
As everyone knows that i thrived many bitcoin projects and different ideas but nothing worked out for me. My last project was An exchange marketplace (INCUREX) where people can find and meet the different exchangers Bitcoin to PM etc.
This site last for only two weeks got few exchangers but no one gets online on that exchange and then people start fading away and at last time came and i had to shut down.

What possibly can be reason of its decline? I think people wasn't interested in it at all.
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September 30, 2016, 08:53:09 AM
 #2

When starting a business some key issues are to be original and have something new and inovative and to have good PR and marketing to promote the business. Andw if you have small business it's hard to compete with large players. Maybe there are already so many exchangers and you wasn't competitive enough or offered something new, so people thought we don't need another one. Anyway, I wish you all the luck to find some profitable and successful.

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September 30, 2016, 09:12:59 AM
 #3

I have to agree with bitbunny. As a newly open service you should prioritize how people will start using your service. Promotion has a huge part for the success of your servce. If you stop suporting or atleast finding ways to gather more an more users, eventually they will all fade because there are other who is far better and already has been in the industry longer than your service does.
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September 30, 2016, 11:41:49 AM
 #4

Yep. There are alot of existing exchanges and your service allows people to create their own exchange, like how moneypot allows people to make dice sites when the market is already so saturated. Try bringing something new to the table. I personally am trying to find something new to bring, too Smiley

WTS 27/100 funded bitpiece, dm me offers

Also looking for a signature campaign, dm me for that too
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September 30, 2016, 11:54:56 AM
 #5

Hi
As everyone knows that i thrived many bitcoin projects and different ideas but nothing worked out for me. My last project was An exchange marketplace (INCUREX) where people can find and meet the different exchangers Bitcoin to PM etc.
This site last for only two weeks got few exchangers but no one gets online on that exchange and then people start fading away and at last time came and i had to shut down.

What possibly can be reason of its decline? I think people wasn't interested in it at all.


Maybe the reason why your business is been failed is due to lacking of exposure, and exposure is the key for any site to get some success and it cost a lot since you really need to throw away some money for advertisement so you can get more people to try it and also you need to sustain your advertisement so people would not forget to use your exchanger when they need to use some and so by that i think thats the reason why you are been failed.

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September 30, 2016, 02:56:03 PM
 #6

Hi
As everyone knows that i thrived many bitcoin projects and different ideas but nothing worked out for me. My last project was An exchange marketplace (INCUREX) where people can find and meet the different exchangers Bitcoin to PM etc.
This site last for only two weeks got few exchangers but no one gets online on that exchange and then people start fading away and at last time came and i had to shut down.

What possibly can be reason of its decline? I think people wasn't interested in it at all.


Maybe the reason why your business is been failed is due to lacking of exposure, and exposure is the key for any site to get some success and it cost a lot since you really need to throw away some money for advertisement so you can get more people to try it and also you need to sustain your advertisement so people would not forget to use your exchanger when they need to use some and so by that i think thats the reason why you are been failed.
I think this is probably the right answer.
I mean there are tons of businesses that basically offer the same service as each other, but there will always be enough of a market for certain things to allow multiple competitors.

It's just a matter of having decent marketing and making sure that enough people know about your business.

BTW, you could have also contacted exchangers on other sites and ask them to join your site by making them a better offer in terms of fees, or paying them to join for example. But this might be considered spamming.

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September 30, 2016, 03:23:20 PM
 #7

No matter how good an site is, if you do not get it reach to the public, and if the public do not know about your site, that is fail.

Promotion is the key to any business to get it success. You have to advertise well to get enough people and exchangers.

No matter how bad an site is, if it gets promoted in right way, you get success.
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September 30, 2016, 03:28:21 PM
 #8

No matter how good an site is, if you do not get it reach to the public, and if the public do not know about your site, that is fail.

Promotion is the key to any business to get it success. You have to advertise well to get enough people and exchangers.

No matter how bad an site is, if it gets promoted in right way, you get success.

Totally and utterly agree.  Advertising really is the way to go.

With that in mind, might I be a cheeky fecker & ask y'all to consider checking out www.facebook.com/BitStashers and liking the page if you find us interesting please?  We make BIP38 encrypted laser etched steel and ally wallets (variety of colours available) and the main wallets can be custom designed to personalise them to you or your business.

We do dog tags too, they're pretty popular.

And Bottle openers now.

hey, OP, apologies.  But y'know, with your next venture, go spread the word ;-)

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September 30, 2016, 04:36:01 PM
 #9

Timing and marketing is everything. If you launched in a period where exchanges got hacked, you will have trust issues. The exchanges

need to prove to potential customers that their service will be more secure than others { cold storage } and that they will not run, or

manipulate funds in any way. Would you invest in a new bank or financial services, if you do not know their physical address for instance

or who the CEO is or who funded it? These are only one or two of the reasons, why it might not have taken off.. Lower fees or no fees

also attract a lot of people... was your fees higher or lower than your competitors ?


Signature space available for your Ads :-.>
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October 01, 2016, 10:39:35 AM
 #10

Three important things needed to succeed in online, marketing,trust and interactivity in site.

Marketing can be easily done if you have money to invest, but trust is something different which can be achieved by having some celebrity address your portal as reliable.

To bring crowd to your site you need to give offers often, many users will try your site and your sites interactivity should make the feel comfortable and stay in your site.

I don't think your site possessed any of those requirements
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October 01, 2016, 11:17:06 PM
 #11

Would be cool, if some marketing guys could help or (better) team up with devs.
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October 02, 2016, 02:16:32 AM
 #12

Well, it is the first time I ever heard about Incurex exchange, so I guess it is obvious you didn't have enough exposure.
When you are starting a new project the most important fact is to let people know about it - 1 thread in service announcement section is not gonna cut it.
You need to 'waste' some money on promotion, ads, signature campaign, social media... Without this your service - unless it is something truly extraordinary won't survive.


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StewieG
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October 02, 2016, 02:42:58 AM
 #13

What did you do right? Answer me. ANSWER ME!
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October 02, 2016, 02:54:26 AM
 #14

Hi
As everyone knows that i thrived many bitcoin projects and different ideas but nothing worked out for me. My last project was An exchange marketplace (INCUREX) where people can find and meet the different exchangers Bitcoin to PM etc.
This site last for only two weeks got few exchangers but no one gets online on that exchange and then people start fading away and at last time came and i had to shut down.

What possibly can be reason of its decline? I think people wasn't interested in it at all.

I hear ya, I just shutdown bitcoinstarter today, which was crowdfunding with bitcoin.... I've gone through several bitcoin projects, some have been really profitable others, not so much.  Keep active, keep trying, don't give up. 

My guess for your exchange site is that the market was flooded. Sad
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October 02, 2016, 08:13:29 AM
 #15

first of all after two years in bitcoin world i never heard about your exchanger incurex before, sorry, however you have a good concept though, different than others well, i think the problem is promotion i know that it will consumed much cost, but i used to believe the promotion is an efective way. More exposure, more costumers, more benefit, right? so far signature campaign is the best since they're giving more traffic to you, twitter and facebook campaign,also reddit, that's it, when they like your service they will use it again.
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October 02, 2016, 09:21:08 AM
 #16

Hi
As everyone knows that i thrived many bitcoin projects and different ideas but nothing worked out for me. My last project was An exchange marketplace (INCUREX) where people can find and meet the different exchangers Bitcoin to PM etc.
This site last for only two weeks got few exchangers but no one gets online on that exchange and then people start fading away and at last time came and i had to shut down.

What possibly can be reason of its decline? I think people wasn't interested in it at all.

sometimes it's all about luck also.  yobit didn't see an increase in volume until they did a pre-token of ICO lisk that they purchased and were trading lisk a month before anyone else and was able to gain a lot of visitors.

GL on your endeavors!
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October 02, 2016, 10:54:38 AM
 #17

Hi
As everyone knows that i thrived many bitcoin projects and different ideas but nothing worked out for me. My last project was An exchange marketplace (INCUREX) where people can find and meet the different exchangers Bitcoin to PM etc.
This site last for only two weeks got few exchangers but no one gets online on that exchange and then people start fading away and at last time came and i had to shut down.

What possibly can be reason of its decline? I think people wasn't interested in it at all.

I hear ya, I just shutdown bitcoinstarter today, which was crowdfunding with bitcoin.... I've gone through several bitcoin projects, some have been really profitable others, not so much.  Keep active, keep trying, don't give up. 

My guess for your exchange site is that the market was flooded. Sad

I think he can't do that if he don't see some good returns for keep running his site, and if he really do that well it might cost him a lot and he can lose money for that thing, so better for him to give up and try again another business, maybe it is not the right time for his business to grow or maybe people see another one who's reputable and they where sticking to that sites,

He should try again and do he's best to compete on different busineses existed already advertisement is a good pharapernalia for some certain business to grow up.

MoozicoreWORLDS FIRST MUSIC STREAMING SERVICE ON BLOCKCHAIN
 
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October 02, 2016, 03:26:03 PM
 #18

Hi
As everyone knows that i thrived many bitcoin projects and different ideas but nothing worked out for me. My last project was An exchange marketplace (INCUREX) where people can find and meet the different exchangers Bitcoin to PM etc.
This site last for only two weeks got few exchangers but no one gets online on that exchange and then people start fading away and at last time came and i had to shut down.

What possibly can be reason of its decline? I think people wasn't interested in it at all.

Do you have email addresses of your customers?
Do you have them in twitter?
Do you have them in any platform?

Propaganda is the key to product success.
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October 02, 2016, 03:32:20 PM
 #19

Do you have email addresses of your customers?
Do you have them in twitter?
Do you have them in any platform?

Propaganda is the key to product success.

I guess email address was required to create account, so yes, anyone who traded or made account on Op's exchange is stored in his database.

There is no requirements to use social media, in fact, I almost never follow any kind of service on twitter.

Propaganda is rather negative word - we can better call it "building awareness". And yes, it is required to be successful.


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Coinbuddy
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October 02, 2016, 05:15:32 PM
 #20

I personally think that "Negative trust" on my caused this problem. People on bitcointalk high believe on this damn thing. Which i never believe!

Now i am looking forward to my next venture! but can anyone suggest me which can be simpel to manage and profitable excluding gambling
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