How can we encourage local businesses to accept BTC? - page 69.

philiveyjr

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Quote from: phreaky on September 30, 2016, 09:52:36 AM

We can encourage local businesses to accept btc by giving local businesses more information about bitcoin so they know the benefits.
Also prices HAVE to stay stable before locals will even consider accepting it else it will not be worth it for them.

Not the best way to go about. Tbh there isn't any big advantage of accepting bitcoins, except for just offering the customers an extra choice or method to pay with.

As for your second point, prices don't have to be stable. They can sign up for something like bitpay which allows the money to be transferred to their bank accounts directly, while allowing customers to pay with bitcoin.

phreaky

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We can encourage local businesses to accept btc by giving local businesses more information about bitcoin so they know the benefits.
Also prices HAVE to stay stable before locals will even consider accepting it else it will not be worth it for them.

Supercrypt

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Quote from: newcoins1978 on September 30, 2016, 03:24:27 AM

We can encourage local businesses more to use bitcoin by telling them information about bitcoin but I also think we need more advertisement for bitcoin.
The owner or creator of bitcoin should be advertising it more so more shops get to know the key information

Are you joking ? I guess you are treating bitcoin similar to other altcoins ?
But, it must be one of important responsibility for every bitcoiners here. We must spread out the awareness of bitcoin ecosystem by educating the advantages of adopting bitcoin payments to merchants and also to every human we know personally.

lionheart78

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Quote from: agustina2 on September 29, 2016, 11:30:46 PM

Quote from: JITENDERPAR3 on September 29, 2016, 10:05:15 PM

if you want find a bitcoin accepting shops in your local then tell your story of successful buisiness and earning in bitcoin . in this way local businesses and shop holder will take interest in your matter .

Do you think owners will just hear to that kind of statement without demands from most of it's customers?

If those owners really getting high and good profits out of their usual way then they will just hear the idea of accepting bitcoin but will not take serious of it.

Yeah i don't think that owner will just jump in for some inspirational word without analyzing the consequences of things. they need to have proof and solid feasibility study on how they can earn a profit from this kind of venture. Only inexperience investors will just jump without having this knowledge of pros and cons of the thing they need to invest in or put up.

newcoins1978

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We can encourage local businesses more to use bitcoin by telling them information about bitcoin but I also think we need more advertisement for bitcoin.
The owner or creator of bitcoin should be advertising it more so more shops get to know the key information

agustina2

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Quote from: JITENDERPAR3 on September 29, 2016, 10:05:15 PM

if you want find a bitcoin accepting shops in your local then tell your story of successful buisiness and earning in bitcoin . in this way local businesses and shop holder will take interest in your matter .

Do you think owners will just hear to that kind of statement without demands from most of it's customers?

If those owners really getting high and good profits out of their usual way then they will just hear the idea of accepting bitcoin but will not take serious of it.

JITENDERPAR3

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Quote from: knightkon on November 18, 2015, 12:05:24 PM

I am looking to help move BTC forward into our economy more and would like to get some suggestions on how we can get more retailers to accept BTC as a payment. The best part about accepting BTC is that they do not have any threat of charge-back from the customer. I am just looking for some more input before I start approaching some of these local retailers.

if you want find a bitcoin accepting shops in your local then tell your story of successful buisiness and earning in bitcoin . in this way local businesses and shop holder will take interest in your matter .

enhu

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Quote from: shinratensei_ on September 29, 2016, 09:24:46 PM

Quote from: bitlancr on September 27, 2016, 03:54:38 AM

Encouraging local businesses is not a thing for users of bitcoin to do, it will feel more like pressure cause you just want to use it.
They have to be informed via commercials for example and then they will find out about bitcoin and it's benefits.

Right, as they as want for know bitcoin just causing by their intention and not from the another people's advice and that's will not giving them pressure and i agree with it, and especially they will wanna for learning bitcoin caused by their intention.

Bitcoin businesses however aren't that promoting masively the fact that they can just target small community like this forum. A lot of bitcoin businesses don't even advertise on adnetworks as having thier presence here in the forum is enough to get noticed by the users.

shinratensei_

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Quote from: bitlancr on September 27, 2016, 03:54:38 AM

Encouraging local businesses is not a thing for users of bitcoin to do, it will feel more like pressure cause you just want to use it.
They have to be informed via commercials for example and then they will find out about bitcoin and it's benefits.

Right, as they as want for know bitcoin just causing by their intention and not from the another people's advice and that's will not giving them pressure and i agree with it, and especially they will wanna for learning bitcoin caused by their intention.

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Quote from: Aamir1 on September 29, 2016, 12:08:13 PM

Quote from: AsaroUk on September 28, 2016, 03:39:06 PM

There are maybe some methods to let businesses accept the bitcoin, I think if you tell them about the fact that they can make profit with doing almost nothing some will step in without doubts.

I guess that would work for an individual that they might earn profits without doing anything in bitcoin but that wont be the case for a business as a business wont be able to hold any funds like an individual but they will have to keep them rolling which might cause a loss for them when the price drops.

Thats why they're getting a hard time to accept bitcoin at their business since bitcoins flactuates fast and i think the price drop is the worst fear of those business owner he they wouldn't accept bitcon for now, remember they are not regular long time holder and bitcoins cannot be trusted to hold for that longer and many pennies will be loss for sudden dump, so acceptance for now is really hard to achieve and maybe lets wait for further news.

MaritiJames3

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Every person that know about bitcoin and has a shop will somehow try to accept bitcoin in their shop. So basically for us to encourage more people is to inform that about bitcoin.
Tell them what bitcoin is and how they can make or implement it in their daily life and business.

Aamir1

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Quote from: AsaroUk on September 28, 2016, 03:39:06 PM

There are maybe some methods to let businesses accept the bitcoin, I think if you tell them about the fact that they can make profit with doing almost nothing some will step in without doubts.

I guess that would work for an individual that they might earn profits without doing anything in bitcoin but that wont be the case for a business as a business wont be able to hold any funds like an individual but they will have to keep them rolling which might cause a loss for them when the price drops.

martinacar

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Quote from: darklus123 on September 20, 2016, 08:43:39 AM

It is all about proper impartation of or knowledge about bitcoin and we have to educate them very precisely on what are the benefits that they can get if theycarw going to use bitcoin as a payment

Yes but i think the benefits are not big enough right now for them cause we don't see enough people actually using there bitcoin yet most people have it as a saving investment so spending it is taboo for them which is a big con for shop owners.

AsaroUk

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There are maybe some methods to let businesses accept the bitcoin, I think if you tell them about the fact that they can make profit with doing almost nothing some will step in without doubts.

Bitcoinsummoner

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Its not easy to encourage local business to accept btc but if its related in their product or they can know what bitcoin is exactly maybe they can accept bitcoins too. better to share to them how you earn in bitcoin..

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Bitcoin could be the solution for small, local businesses, especialy for start ups and when there is luck of other ways of financing. But the problem is if they are placed in small communities where people are not very keen to accept and use Bitcoin, which is often the case, then their chances are not very big.

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Quote from: bitlancr on September 27, 2016, 03:54:38 AM

Encouraging local businesses is not a thing for users of bitcoin to do, it will feel more like pressure cause you just want to use it.
They have to be informed via commercials for example and then they will find out about bitcoin and it's benefits.

Commercials are good but local retailers have to have some kind of incentive as well if we want them to accept BTC

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Quote from: batang_bitcoin on September 27, 2016, 08:51:35 PM

Well I guess that is not going to happen immediately because the investors and local stores needed to make sure that their investments and advertising is going to be worth it. One of the risk is that you are going to advertise and not having some research on how many people are already using bitcoins to your place. That is going to be a waste of money for them.

That is part of the risk when putting up some investment. Other companies with unique features in their product are like that, making up some great advertisements even an ad in a television. Others succeed but others don't. They don't know what will be the output of it to the viewers that's why they are testing it.

If a local businesses merchants is really serious in accepting bitcoin, they will enter that risk of adverstising.

Like I said, if "really serious".

Aamir1

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Quote from: wxa7115 on September 27, 2016, 12:30:44 PM

Quote from: bitlancr on September 27, 2016, 03:54:38 AM

Encouraging local businesses is not a thing for users of bitcoin to do, it will feel more like pressure cause you just want to use it.
They have to be informed via commercials for example and then they will find out about bitcoin and it's benefits.

That does not make much sense, who is going to pay for those commercial that you speak of? The investors, users of bitcoin, the developers, the exchanges?

The commercials are supposed to be paid by the businesses accepting bitcoin because if they start doing business with bitcoin they would probably need bitcoin customers and for getting bitcoin customers they would probably need to promote their business combined with bitcoin.

wxa7115

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Quote from: batang_bitcoin on September 27, 2016, 08:51:35 PM

Quote from: wxa7115 on September 27, 2016, 12:30:44 PM

Quote from: bitlancr on September 27, 2016, 03:54:38 AM

Encouraging local businesses is not a thing for users of bitcoin to do, it will feel more like pressure cause you just want to use it.
They have to be informed via commercials for example and then they will find out about bitcoin and it's benefits.

That does not make much sense, who is going to pay for those commercial that you speak of? The investors, users of bitcoin, the developers, the exchanges?

Well I guess that is not going to happen immediately because the investors and local stores needed to make sure that their investments and advertising is going to be worth it. One of the risk is that you are going to advertise and not having some research on how many people are already using bitcoins to your place. That is going to be a waste of money for them.

Right now the most effective to expand the user base of bitcoin is not with expensive commercials but with old and proven word of mouth, with the current technology like social networks the old word of mouth has become even more effective.

Topic: How can we encourage local businesses to accept BTC? - page 69. (Read 185011 times)