how i start a bussines with BTC - page 7.

micher143

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Quote from: wolfracer on May 03, 2017, 10:42:13 AM

Hi guys

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

If you are talking here in the digital world well the only business that's applicable here is just building a website just like gambling site or HYIP and the Trading site and that's need a huge amount of capital before starting and it will be a gamble because you need a many supporters for your site became popular that is the best here in the digital world to start the business with.

MoneyIsDebt

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Quote from: marcuslong on May 04, 2017, 12:31:18 PM

Quote from: wolfracer on May 03, 2017, 10:42:13 AM

Hi guys

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

By selling item through online and price them with in short an online shop that the only payment method is maybe you will be the most popular site in the future if you created this kind of shop

i think instead of business you should try trading by investing some good amount after getting some experience in it. keeps it in your wallet wait for the price to rise and sale in on high price and than purchase it on low price. iam doing this for almost 2 years and it is really benifitial for me.

Lambe Ndumble

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I think you should make a clear concept, if you're just a surely someday will get you trouble to take the decision. the best way is to hire a consultant if you are not experiences.

RedX

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Quote from: Bellator on May 04, 2017, 01:29:49 PM

Quote from: wolfracer on May 03, 2017, 10:42:13 AM

Hi guys

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

I have an experience in business in Bitcoin ofcourse. I'm doing trading I'l buy some bitcoin in low price and then Sell it to high price. That's my business in bitcoin. Or try to use your bitcoin to buy some altcoin and then sell the altcoin if the price pump. Many bitcoin user earning in that way.

I think I would recommend the same too. It's risky to make business with bitcoin because of it's fluctuation. Maybeyou could add loaning so you can make a decent profit. Just take precautions making business with others on loaning.

nydiacaskey01

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You are already in the right place to launch your business that is related to Bitcoin. Try starting a campaign to raise the awareness of Bitcoin users about your business. Next is start a promotion that involves use of your business that way participants will have an actual use of what you are going to sell or use in business. Dont be afraid to spend in advertising.

bamboylee

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Start a business as you normally would have if you are using fiat. Then just put on your door, "We accept bitcoin". That's it. There is no difference in starting a business in fiat and in bitcoin. It is just a mode of payment, a currency.

Bellator

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Quote from: wolfracer on May 03, 2017, 10:42:13 AM

Hi guys

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

I have an experience in business in Bitcoin ofcourse. I'm doing trading I'l buy some bitcoin in low price and then Sell it to high price. That's my business in bitcoin. Or try to use your bitcoin to buy some altcoin and then sell the altcoin if the price pump. Many bitcoin user earning in that way.

mdzahed134

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There are many business for you using BTC but BTC price is not stable.Every minutes BTC price is up & down.You can try trading using BTC but trade is always risk lose will be a lot of losses and profit if there is a lot of profits.

marcuslong

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Quote from: wolfracer on May 03, 2017, 10:42:13 AM

Hi guys

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

By selling item through online and price them with bitcoin in short an online shop that the only payment method is bitcoin maybe you will be the most popular site in the future if you created this kind of shop

Qartersa

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Quote from: wolfracer on May 03, 2017, 10:42:13 AM

Hi guys

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

First, you have to have a definite plan on what business to undertake. That means you have to have a feasibility study about your concrete ideas.

Second, you have to make sure the above step can very well be compensated by the amount of investment you desire to put in.

Third, you have to make sure that your goals are measurable, realistic, and time-bound.

Just like in any other businesses, you have to have an open mind in carefully studying your business idea's pros and cons. Is is through your perspective that will come about a definitive layout on what to expect in the future.

phr0stbyt3

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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.

roadbits

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Quote from: joshy23 on May 03, 2017, 12:57:34 PM

Quote from: KuromaYoichi on May 03, 2017, 12:44:59 PM

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.

Mometaskers

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Quote from: Kemarit on May 03, 2017, 12:27:28 PM

Quote from: wolfracer on May 03, 2017, 10:42:13 AM

Hi guys

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.

Quote from: KuromaYoichi on May 03, 2017, 12:44:59 PM

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.

joshy23

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Quote from: KuromaYoichi on May 03, 2017, 12:44:59 PM

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.

PrintMule

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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

KuromaYoichi

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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.

Kemarit

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Quote from: wolfracer on May 03, 2017, 10:42:13 AM

Hi guys

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.

killgald

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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.

mrcash02

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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...

harizen

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Quote from: wolfracer on May 03, 2017, 10:42:13 AM

Hi guys

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.

Topic: how i start a bussines with BTC - page 7. (Read 5852 times)