Topic: how i start a bussines with BTC - page 4. (Read 5921 times)

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

There are only two ways to start Business in bitcoin .
Furst way is to start hardwork for earning in the small amount ( usually most of the newbies who have no money  starts to make earning through the signature camapagin and Faucet collection )  , and then start your Trading with your earning .
The second way ( if you have money in bulk ) to have own site either for the exchage of bitcoin/altcoins , btc related news sites , casino , faucet site , all these will help you to grow your income in bulk amount  .
But you should have much better amount of money for the Investment in the starting .

What type of business are you planning to build? Is that online or physical store? Actually you can start anytime with bitcoin but when it comes to business you need to identify first if you will be targeting bitcoin users. Since bitcoin is a currency, any time you can start with it. And just indicate that you are accepting bitcoin for payment.

That's a possible solution, but for the same user needs to spent lot time on learning. In my view it's good to implement or start to accept bitcoin in the business which he has good knowledge base. If it doesn't profit immediately sure it's an guaranteed  way to yield the profit.

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.

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. customer 1-5 dont need customer support and had an amazing experience, customers 6-8 need customer support and get the best attitude "jack the crack addict" can give yay they had a wonderful experience. Now customers 9 and 10 need customer service and "jack the crack addict" decides to tell them he does not have the ability to help them and they have a horrible experience. customers 1-8 are extremely satisfied but don't( and wont on there own initiative) take the time to write a review because all they wanted has been fulfilled. customers 9 and 10 and unsatisfied and extremely pissed they didn't get good service so they go and write a review. " to any and all who want to go buy this guys product, CRACK IS WHACK YO". with fiat currency its a little( little bit) easier to prove you lived up to your end of a deal with proof of payment + identity on proof. with bitcoin transactions you can't prove shit so you need to make extra sure no one gives you a bad review.

Its a good idea to that thanks! if im able to teach some future partners about btc and assamble crypto teams i can expand and gain a lot of experience thanks for the advise

If you don't have much money or resources, one way is to start teaching people about it, joining crypto teams, engage new non btc people and share the good things about btc and crypto in general, from there you will have plenty of resources, connections and with the experience you gain you'll be in the next level to make better decisions

You're right, lending bitcoin is very risky. With fiat you have accounts connected to real IDs, and it's easy to track someone if he defaults. What will you do if a bitcoiner does?
You'd need collateral, but then it's more like starting a pawn shop than a lending business.
There's no way to check a person's banking or a loan history, due to most transactions being anonymous. I doubt bitcoin lending will ever become a big thing, cryptos weren't invented with that in mind.

I started a bitcoin business with the one I made from the basics so I knew what to do early in the business

I think it's a bad business because when we start the business there will be a lot of people with false identities to get lending,it's very hard to find a way to get them to pay back the lending when we just first run the business.