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wolfracer
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May 03, 2017, 02:42:13 PM
 #1

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

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May 03, 2017, 02:47:26 PM
 #2

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.


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May 03, 2017, 03:06:30 PM
 #3

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

the exact same way you start a business with USD, EUR, JPY, CNY, RUR,...!

bitcoin is also money but in a different form.

for starting a business, you first come up with a plan, an idea for the business then plan more about it.
then start thinking about funds, you either have it yourself or you ask some others around you to become your partner or invest in it.
then if it is a local business like a bitcoin-coffee-shop, you find a place and rent it or if you have the money buy it.
if it is online, you start hiring people to do different things, such as programming your site, doing the security, either implement receiving bitcoin payment yourself or sign up with something like bitpay.
then you start advertising...
then profit(?)

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May 03, 2017, 03:11:20 PM
 #4

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

the exact same way you start a business with USD, EUR, JPY, CNY, RUR,...!

bitcoin is also money but in a different form.

for starting a business, you first come up with a plan, an idea for the business then plan more about it.
then start thinking about funds, you either have it yourself or you ask some others around you to become your partner or invest in it.
then if it is a local business like a bitcoin-coffee-shop, you find a place and rent it or if you have the money buy it.
if it is online, you start hiring people to do different things, such as programming your site, doing the security, either implement receiving bitcoin payment yourself or sign up with something like bitpay.
then you start advertising...
then profit(?)
Hello i think his idea is very good, planning for the future, deciding what are the best bussines and the way to gain bitcoins with it, finding partner for your business! just think about the idea of it, a coffe shop, a cloth store or work with online goods Smiley

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May 03, 2017, 03:20:25 PM
 #5

It's the same way as using any other fiat currency. The most important thing for a successful business is calculating what expenses running the business is going to take and then make an study of the demand for your service or product, and of course a factor of luck too since you cannot control everything.

If everything is in order the business should at least be sustainable and deliver decent profits.


In the BTC field, there are special niches that take advantage of the unique features of crypto, but that is your work to find out the possibilities and exploit them.
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May 03, 2017, 03:21:26 PM
 #6

There are many variants for your business and you have got already many suggestions as I see. But all that cases you have to keep in mind all risks of such project. Bitcoin is still not stable, yes and dollar/evro/ect. too, but bitcoin is really unpredictable. And I suppose if your profit will be in bitcoin your costs will stay in fiat. So, please, count everything good before to start.
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May 03, 2017, 03:23:23 PM
 #7

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

Ahm! Business. Ok, you can do N number of businesses with Bitcoin but first of all I would like to ask you what is Bitcoin to you? Do you consider it to be some particular commodity because to me it is just a mean of payment as blockchain token. Therefore, if you want to use Bitcoin just for transaction purpose, you can start anything usual. But if you want to start something related to its development, I would suggest you to learn more before going more technical. However, there is one field with great potential of profit and that is digital advertising in any form about Bitcoin and related websites. With passage of time, their number increased manyfolds.

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May 03, 2017, 03:26:07 PM
 #8

Yes , thats right. When you have an enough value of bitcoins you are now able to do and create any kind of bussiness you want. You may also try to invest it to produce more bitcoin. Or you may also try other  but be sure you are doing right things at right bussiness. Thats the thing most needed in bitcoins. Having a capital to start.

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May 03, 2017, 03:28:39 PM
 #9

There are many variants for your business and you have got already many suggestions as I see. But all that cases you have to keep in mind all risks of such project. Bitcoin is still not stable, yes and dollar/evro/ect. too, but bitcoin is really unpredictable. And I suppose if your profit will be in bitcoin your costs will stay in fiat. So, please, count everything good before to start.
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May 03, 2017, 03:29:27 PM
 #10

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.
It is sure a good thing to start on building a topic here in forum so other people who had experience in business will have the opportunity to suggest and comment on your idea. And it sure many people would speculate because it is a forum. Sharing is the key of the success of bitcoin. As bitcoin develop more opportunity will awaits to users to experience. If people will going to say it has a potential to grow why not to try and continue to see the suggestion of other people in regards to business you would like to start on bitcoin.

 
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May 03, 2017, 03:30:07 PM
 #11

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

You will just modify the usual business in real life with bitcoin now as included payment.

I will assume you already know the basics and must thing to prepared before engaging in a business. After advancing to that, on what kind of deals you think you can able to get profit if you will startup a business with bitcoin payment? Are there any things on your mind on what type of business you will open? It would be great if you will tell us where are you now in your ideas so that we will start the discussion there rather than to read all personal experiences. Smiley

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May 03, 2017, 03:35:39 PM
 #12

What kind of business do you want to start? A faucet?  Cheesy

It's hard to start a business with Bitcoins, better to convert to fiat first and open your business in real life, it can be easier to make profit as most people around us don't use Bitcoins (low adoption yet on the world). It's not possible to help you very much about the subject as you don't give more details about the business you want to start, if you have money to start, if it's online or physical business, etc...

 
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May 03, 2017, 03:43:19 PM
 #13

Maybe saving Bitcoins and sell them to a start a business whatever you want it to selling food, cloth, cellphones any kind of things, you should first study a demand in your comunity and saw if they are aware of the bitcoins for a way of payment in your business.

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May 03, 2017, 04:27:28 PM
 #14

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

I don't have a personal experience using bitcoin to start a business. But I already have a business and I used my hard earn bitcoin to put a cash flow on my offline business. So if you are going to put up one, then research on your target customer and competition. This is the first thing I do, I try to understand who is gonna be my customer and how will I sell it to them. And I got lucky because they are the one coming to me to buy stuff, and because of that I make my life much easier because I don't have to do marketing and all that stuff so I was also saved money and learn how to grow my business. But of course, every business has its challenges so there are days that I don't have customers and days that all my stuff was bought up and inventory is clean up!!! Goodluck on whatever business you want to put up.

 
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May 03, 2017, 04:44:59 PM
 #15

Converting the bitcoin into fiat first then start your business offline seems like a better option for me. You can study the market easier and the step is clear, have a plan, get the capital ready, choose the location and register your business. If you didn't want to convert, the option left is to open faucet, some casino or maybe selling digital goods in bitcoin.

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May 03, 2017, 04:55:30 PM
 #16

I think you need to figure out what to do before you think about the business with BTC (not bussines) . Open a coffee shop
. Put a sign on the door to be accepted bitcoin. I don't know how to handle fiscal responsibilities.But it seems like it can be done.  Roll Eyes Cool


 

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May 03, 2017, 04:57:34 PM
 #17

Converting the bitcoin into fiat first then start your business offline seems like a better option for me. You can study the market easier and the step is clear, have a plan, get the capital ready, choose the location and register your business. If you didn't want to convert, the option left is to open faucet, some casino or maybe selling digital goods in bitcoin.

Obviously this is the best option. If the OP wants to open a business using BTC then exchange will be a better fit. An exchange is where buyers and sellers do their business. A seller of BTC deposits BTC with the exchange's address. He can then use his BTC balance in the exchange to sell his BTC for Dollars. But I do believe you need to have a lot of capital in order to put a exchange business.



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May 03, 2017, 05:07:22 PM
 #18

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

I don't have a personal experience using bitcoin to start a business. But I already have a business and I used my hard earn bitcoin to put a cash flow on my offline business. So if you are going to put up one, then research on your target customer and competition. This is the first thing I do, I try to understand who is gonna be my customer and how will I sell it to them. And I got lucky because they are the one coming to me to buy stuff, and because of that I make my life much easier because I don't have to do marketing and all that stuff so I was also saved money and learn how to grow my business. But of course, every business has its challenges so there are days that I don't have customers and days that all my stuff was bought up and inventory is clean up!!! Goodluck on whatever business you want to put up.

Additional capital is always good.

Converting the bitcoin into fiat first then start your business offline seems like a better option for me. You can study the market easier and the step is clear, have a plan, get the capital ready, choose the location and register your business. If you didn't want to convert, the option left is to open faucet, some casino or maybe selling digital goods in bitcoin.

This might be the easier path for those who are not very tech-savvy like me. The only disadvantage of course is that you are taking out bitcoins that could have earned more interest had you just held on to it.

Still, nothing compares to actually seeing your business in real life. Maybe you can leave some seed bitcoin and convert some of it into cash as the price rises (btc in wallet goes down but you can keep its fiat value constant). Maybe reinvesting a part of your earnings back into bitcoin might offset it. You would be buying less and less bitcoins as the price rises. If you're comfortable with letting money sleep, you can probably just keep the fiat savings in anticipation of a plunge.

 
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May 03, 2017, 05:19:32 PM
 #19

Converting the bitcoin into fiat first then start your business offline seems like a better option for me. You can study the market easier and the step is clear, have a plan, get the capital ready, choose the location and register your business. If you didn't want to convert, the option left is to open faucet, some casino or maybe selling digital goods in bitcoin.

Obviously this is the best option. If the OP wants to open a business using BTC then exchange will be a better fit. An exchange is where buyers and sellers do their business. A seller of BTC deposits BTC with the exchange's address. He can then use his BTC balance in the exchange to sell his BTC for Dollars. But I do believe you need to have a lot of capital in order to put a exchange business.
Establishing this kind of business is not a small matter. It has a lot of rules and regulation to open a BTC exchanger site. And more importantly, we need very big capital to run this kind of business. If you fail to make a good reputation in the market, then no people will trust your site. Automatically your site rate will down, and you will get a big loss. So before putting a hand in this business think in all ways and start.
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May 04, 2017, 10:22:53 AM
 #20

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.



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