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Author Topic: how i start a bussines with BTC  (Read 5631 times)
Sled
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May 08, 2017, 03:45:39 AM
 #81

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 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.
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May 08, 2017, 03:55:44 AM
 #82

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 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.
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May 08, 2017, 04:06:50 AM
 #83

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..
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.
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May 08, 2017, 08:46:19 AM
 #84

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.

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May 08, 2017, 08:49:37 AM
 #85

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.
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May 08, 2017, 11:53:04 AM
 #86

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.

 
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May 08, 2017, 03:32:39 PM
 #87

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

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May 09, 2017, 02:22:01 AM
 #88

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

 
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May 09, 2017, 02:25:33 AM
 #89

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



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May 09, 2017, 03:21:53 AM
 #90

Hi guys Smiley i want to ask you and if you have personal experiences on how i can start a bussines using BTC?
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.
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May 09, 2017, 03:26:44 AM
 #91

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

 
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May 09, 2017, 03:55:14 AM
 #92

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.
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May 09, 2017, 08:03:10 AM
Last edit: May 09, 2017, 08:38:34 AM by btcney
 #93

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.

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.
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May 09, 2017, 09:03:24 AM
 #94

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.
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May 09, 2017, 06:57:32 PM
 #95

Hi guys Smiley 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.
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.
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.
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May 09, 2017, 08:19:28 PM
 #96

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

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.

 
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May 09, 2017, 08:20:45 PM
 #97

Hi guys Smiley i want to ask you and if you have personal experiences on how i can start a bussines using BTC?
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.
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.
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May 09, 2017, 08:21:12 PM
 #98

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.
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.
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May 09, 2017, 09:52:22 PM
 #99

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

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May 10, 2017, 02:16:08 AM
 #100

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