Where i gone wrong?

[Coinbuddy]

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.

[bitbunnny]

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.

[jacee]

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.

[Decoded]

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

[arwin100]

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.

[eternalgloom]

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.

[cruguy]

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.

[skinnyboy]

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 ;-)

[Kprawn]

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 ?

[buxlover]

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

[arunka71]

Would be cool, if some marketing guys could help or (better) team up with devs.

[Slark]

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.

[StewieG]

What did you do right? Answer me. ANSWER ME!

[cloverme]

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.

[dollarneed]

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.

[ArkEcosystem]

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!

[senyorito123]

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.

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.

[JoeinJapan]

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.

[Hazir]

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.

[Coinbuddy]

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

[olubams]

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.

Aside what others have suggested, I will want to add that in making business a success, one thing is support and good PR which is very important after the hard labour bringing the idea to fruition, you continue to support it whether people believe in it or not, mention it wherever possible if you cant do it hire someone to help before you know things start changing but I must say its not going to be easy. Its your dream and no one will believe it better han you.
Another one is the formation of a team, instead of being the Alpha and OMEGA of the project, why not form a team of like minded individuals to provide support and even necessary publicity. This will reduce cost on your own part at the same time reduce the risk of failing but wont come cheap as you must be ready to part with some profit and I know there are still good people who will support a good project...

[Emerge]

I tried out INCUREX for a while while it was up. The user experience was pretty bad. It like a chatroom that had a list in the front page
pretty much like a worse localbitcoin..

You could do so much better.

[Coinbuddy]

I tried out INCUREX for a while while it was up. The user experience was pretty bad. It like a chatroom that had a list in the front page
pretty much like a worse localbitcoin..

You could do so much better.

Sorry for that!

My aim was to make it quick and simple! but it couldn't
Now what you will recommend to me?

[arwin100]

I tried out INCUREX for a while while it was up. The user experience was pretty bad. It like a chatroom that had a list in the front page
pretty much like a worse localbitcoin..

You could do so much better.

Sorry for that!

My aim was to make it quick and simple! but it couldn't
Now what you will recommend to me?

Well i think for rushing such thing, you made a site that make some users be annoyed, maybe you should update or refurnish and make your site more simplier yet easy to understand so people would provably love to see it, so don't rush some works and make a great plan with your site do some interactive works, look at your competitor's site and how it works maybe you can get some idea with them that you can apply to your site.

[Coinbuddy]

All happened! but i am looking to make a bitcoin/amazon gift card trading website. where people can trade btc/gift cards same as they trade bitcoin/usd on other exchanges.

[Zenzolina]

Let's say you are going to build a coffee shop. Where do you locate your business?

SCENARIO 1: The middle of nowhere. Next to nobody passing by.
No hope of selling much coffee, regardless of how great your coffee is!

SCENARIO 2: The middle of Times Square, New York. Millions of people walking by every day.
Regardless of how good/bad your coffee (product), you going to sell a lot of it!

There are two points to take from this;
1. Traffic  is hugely valuable. So valuable that back in 2005, YouTube, a loss making business at the time, was purchased by Google for $1.65billon, just because it had a lot of traffic! And Facebook, a free to use website, is about to IPO for as much as $100billon. For no other reason than a whole lot of traffic!

2. Traffic  plays as much a part in the success of a business, as the product itself. Therefore, if you have amazing traffic value. It doesn't matter how lousy your product is, it's going to be a very straight forward success.

[vino.gcs]

Maybe your ideas are not much unique. If your ideas are not unique, your marketing strategy must be unique

[Patatas]

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.

The problem is,you've small visions.Speaking logically,what do you know about the market before starting a new project ?Have you studied your competitors?Have you seen their product?Have to admit,your product is not upto the mark to compete with the market.Simple.Secondly,your ideas are not creative,they aren't even concepts.Start thinking practically,getting coding done by an average coder to set up the working project in 2 weeks is not how you're going to make it big.

[European Central Bank]

none of these ideas sound new. they also have to earn trust.

ideas done better than established businesses will go nowhere without a giant marketing spend and years of effort.

think out of the box or do something that already exists so much better that it's a no brainer to use you.

[Hakari]

Failure is the most common thing in business 

[avatar_kiyoshi]

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.

Because you have much project which you can't focus just one for make it bigger and the ideas is too much competitors which you can't stay longer to run. Because AFAIK business world is harder without high mentality to run. This is my personal experience running a project with have more competitors.

[crazyivan]

Well, assuming your products are good and competitive, it all comes down to marketing. Large companies spend up to 80% of their operational profits on promotion and marketing. How much money have you spent on this? Posting here s often not enough. Please do let me know when you select your next project, I can help you out, for free.

Please do not give up, if making money online would be that easy, everyone would be crazy rich.

[TriggerX]

Well you need to get the website out there. Try to get as much advertising as you can. That's what gets people to go to your websites. Add something on your website that makes you unique compared to other exchanges. Something that keeps people wanting to return to your website for more.

[_Miracle]

"Where i gone wrong?"


This is a very interesting question that seems to speak more to our current culture of boo[n]ms tied to entrepreneurial endeavors.

It's not unusual for businesses to have models where you bust your behind to break even in three years and then begin to turn profits.

You may be giving up too soon or just in time.

When you say "success" what do you mean by that?
Money? A kick ass platform? ___________?

[Dank14]

OP needs to get creative - do the same thing everybody does but do it differently - spice it up.

Make it easier and faster for people.

Then you need to do some aggressive marketing on this forum for like four months (starters) to get some results.

[U2]

I don't see what the difference between your exchange was and every other exchange. Also I never even heard of your exchange of about the launch. I'd say that's the issue.

[arunka71]

Was there an API for bots? Bots can do a lot of trades => lot of fees.

[jeraldskie11]

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.

The possible reason is maybe your output is not interested by others. You need to make more effort to your project to be effective and seen by others.
I appreciate your project cause its of your growth. Keep on it, try and try until you success cause there is time for you and don't forget your faith that you will success. If that words is always in your mind you will not be down