How can we encourage local businesses to accept BTC? - page 84.

praprata

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Quote from: senyorito123 on May 20, 2016, 01:51:01 AM

i can list down how to encourage local business to use bitcoin because these is also factors that they may look bitcoin profitable for them if they really accept it and it can be transaction breakthrough for business sector.

1. Numbers of Users- by this if many user use bitcoin well it can encourage them because they can see it nice to use with the more user the more attention they will get.
2. Price stability- because of unstability of price some business afraid to adopt it because if price will drop they will lose big money.
3. History- history really tells and i think it will be helpful fpr business to look thw history of this coin by that it will also tell the future.

Well the main problem there is no marketing team. Bitcoin is for the people and the people should arrange everything. Which means do all the work. So far spreading the word seems to help, but the growth and impact seems minimal to me.

senyorito123

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i can list down how to encourage local business to use bitcoin because these is also factors that they may look bitcoin profitable for them if they really accept it and it can be transaction breakthrough for business sector.

1. Numbers of Users- by this if many user use bitcoin well it can encourage them because they can see it nice to use with the more user the more attention they will get.
2. Price stability- because of unstability of price some business afraid to adopt it because if price will drop they will lose big money.
3. History- history really tells and i think it will be helpful fpr business to look thw history of this coin by that it will also tell the future.

n0ne

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Right now only way of encouraging bitcoin in business is in the hands of big offline shops. Let that be a grocery, stationary, food court or anything. Always small shops follow business methods of big shops. So this will encourage the small scale business to use bitcoin in their services as an additional option.

Bitcoinbee

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We now have teams from the trading sector i mean the legitimate traders who found ways conducting information campaigns. in your region they might need something like this.

senyorito123

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Quote from: BigBadBitBaron on May 12, 2016, 06:00:59 PM

The main thing needed is to make bitcoin both more acceptable and more appealing.

I know the concept is built around a decentralised system, but there needs to be something built in to prevent the con artists from running away with your coins.

I really have no idea on how this can be done. I run a SME with a few outlets, but would never dream of accepting bitcoin in its present form !!

I also run a couple of bitcoin faucets, but can never envisage linking the two.

Trust is a major factor in doing business, unfortunately Bitcoin just hasn't been able to reach the level of trust that would make mainstream business believe.

get mainstream business involved and public will follow

Maybe the reason business sector dont believe bitcoin is for its price, because bitcoin price is unstable and their so many different ways it will die if something bad happen unlike other processor they have fix amount, but really bitcoins need to be more appealing to public because not all people use it, it didnt reach to the knowledge of not techy people, and if majority of people uses bitcoin well i really see business shops will accept it as they knew it can profitable for them.

BigBadBitBaron

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The main thing needed is to make bitcoin both more acceptable and more appealing.

I know the concept is built around a decentralised system, but there needs to be something built in to prevent the con artists from running away with your coins.

I really have no idea on how this can be done. I run a SME with a few outlets, but would never dream of accepting bitcoin in its present form !!

I also run a couple of bitcoin faucets, but can never envisage linking the two.

Trust is a major factor in doing business, unfortunately Bitcoin just hasn't been able to reach the level of trust that would make mainstream business believe.

get mainstream business involved and public will follow

Altynbekova

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Well they have to see the advantages of the bitcoin, if they see the advantages they will soon or later use it.
The fact that its controllable by themselves makes it in my eyes pretty attractable.

RodeoX

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The revolution will be monetized!

I like to start with my money. If you want my money then you will have to accept my money, which is bitcoin.
I have helped many businesses in the last 5+ years to get set up with BTC. Normally I demonstrate the system by being their first bitcoin customer. Typically they choose to use a payment processor because it requires very little staff training and minimizes risks. This is also 2% less than a credit card and they receive a deposit in their bank account that same day.

After following up with these businesses they often report few or no additional BTC sales. Some however have had great success and all have been happy to be able to offer an additional payment option with almost zero cost or obligation. So my advice is to "show them the money!"

Kelarid

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Quote from: Dr.Famous on May 10, 2016, 02:03:38 PM

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.

By just telling them that Bitcoins transaction doesnt have any fee.

The bitcoin transaction does have some fee. The average cost is about $0.04. It is much lower than Payapl.

Dr.Famous

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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.

By just telling them that Bitcoins transaction doesnt have any fee.

Adrayrd

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I think they would accept bit coins if there is more publicity for the coins. And of course they will accept
them when other big company's takes the first step. I know almost for sure if big company's first introducing the coin
others will follow as well.

Indrawan77

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Its quite difficult to encourage the local because the price of bitcoin was up and down everyday, so it affected their income, maybe that is one of the reason the local difficult to accept bitcoin as a payment

Bitcoinbee

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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 youve got friends relatives with different trades of businesses you can set a meeting even start with a small group and defining bitcoin and its uses. and make sure you have the right tools in presenting it like examples of a wallet how it is being traded and so on. if its difficult for them to pick things up just give them a simple idea about your topic and later keep in touch to make some follow ups or up dates to complete the information campaign your presenting. Wink

mrhelpful

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Quote from: Adrorecia on May 09, 2016, 09:58:32 AM

Just contact them and tell some profits they would make with the coin. Don't be to happy about it
and keep the facts real. If big company's want to deal with the coin other small ones will also be in for it.

Depends on the level of a business big like you mentioned is preferred. But lets say if its a family business the odds of them to adopt it is not likely, depending on their financial situation.

The last thing a family business wants is a a price gamble on their heads.

Its way better if mid sized business adopt or the ones that have very good food traffic.

Adrorecia

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Just contact them and tell some profits they would make with the coin. Don't be to happy about it
and keep the facts real. If big company's want to deal with the coin other small ones will also be in for it.

romero121

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Quote from: quadriple7 on April 10, 2016, 02:54:25 AM

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.

just tell them how good bitcoin is, share news about bitcoin in internet, tell about how bitcoin is safe with all that huge security so others won't use your money, tell them how it is easy to use, it may take some time but with time, more and more stores will accept bitcoins

The above quote is a good description about bitcoin in local business. I believe at present bitcoin in business at present won't profit you much but the initiative made right now will lead to a great profit in the future days of bitcoin.

puremage111

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perhaps showing them the price of how btc goes down and raises back to get them confident into a cryptocurrency as i suppose right now because its digital, people can't see the physical product they might just use back the original currency

quadriple7

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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.

just tell them how good bitcoin is, share news about bitcoin in internet, tell about how bitcoin is safe with all that huge security so others won't use your money, tell them how it is easy to use, it may take some time but with time, more and more stores will accept bitcoins

Boosterious

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The mind is everything. What you think you become.

encourage local businesses to accept BTC is not easy,its depending how good knowledge of the store owner to internet marketing and internet payment,so far i getting hard to tell people to start accepting bitcoin as their payment.

mrcash02

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Quote from: yenxz on April 04, 2016, 05:50:51 AM

Quote from: Altcoinmoney on November 19, 2015, 06:19:42 AM

If the business is sending money to other country.
Than I think is good to tell them that Bitcoin is a solution because is faster and cheaper.

faster,cheaper,low fee and anonymously. its benefit for long distance or undirect transaction with bitcoin,yes i think so,bitcoin easier to use in online transaction,its why not easy to encourage people who have real store or direct transaction to accept bitcoin,

That is the point! I make yours my words. The money last more and is more usefull on our hands in BTC. We can buy more for less because there is small fees, easy and fast transactions. People just need to start believing that BTC can be used on their routine like any other coin.

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