Topic: Incentives for People to get into Bitcoins and Get Bitcoins (Read 1431 times)

Are you really going to equate a discount with what you're suggesting (rewarding purchases with amounts of anonymous internet cryptocurrency)?

A rewards system is to encourage customers to return to that same merchant.  If the merchant wanted to do that, they could just do that in-house and not have to deal with an alternate currency.

Cash back and discounts are to get customers in the door.  They're almost always temporary fixes to increase foot traffic.  And they're not in weirdo internet fake money.  Here's let's play out this scenario.  I'll be the customer who just bought a cake from your bitcoin-reward bakery.

"So how does your reward program work?"

I'm not really sure what your talking about  Merchants have been giving discounts/ rewards/ cash back since the begging of time ? this is no different just in bitcoins.

edit: maybe your confused but the discount/sale on a product can be given back in bitcoins

This is not a good idea.  If you want merchants to "give away" bitcoins with every purchase, they will have to raise the price of their products to compensate for those bitcoins.  Then they need to train their employees to teach the customers what bitcoins are, how to redeem them, etc.  And in no way does it benefit the business.

How do you spend any amount of time on this idea and not realize the obvious pitfall?

Probably, because bitcoins is expensive to get into for the merchant. Maybe, Mt.Gox redeem might a solution for this. QR code  it where someone purchases x item in cash at merchants store they can redeem a couple of bitcents . Dunno...

edit: also, should have mention reward systems are easier to get into as a merchant then a point of sale system or having to re-do their carts ...so there is incentive to offer it .

if the merchant offers a rewards back in bitcoins, bitcoiners will start doing business with him.

most bitcoiners use cash, and all of them would like to get bitcoins as a reward for shopping.

but most businesses that have reward point, they give point that can only be spent at their store.

not sure you'd be able to get anyone to agree to this rewards back in bitcoins.

Hello all,

Been lurking for a few months now and was thinking of opening up a bitcoin service/business whatever you call them these days.

Just bating around some ideas but have on approach I would like to run by you to get thoughts and opinions.

First, I start with the premise that I think we all do ourselves a dis-service  by leaving behind the cash world.  My goal is to keep the flow of bitcoins and cash going for both. The real goal would be to convert current cash only merchants to include some sort of bitcoin reward, redeem, points system.

So on that note these are some ideas I propose:

1.) Cash Merchants who still sell in the cash world  to people but give some sort of rewards back in bitcoins to go spend at a bitcoin sponsored merchants -  sort of a trialpay.com kind of take. ( read point 3 for the  trialpay.com idea)

2.) Bitcoin Merchants who still offer products for cash but give a little reward in bitcoins for cash purchases ( I know, I know we all want to live in a bitcoin world!)

3.) As mentioned above a trialpay.com sort of approach.  Where you buy one product to receive another product you might like.

I know there is something out there that I'm missing but wanted to get this off my chest and out there to the community.  I'm eager and ready to do something as I've been sitting on the domain  spend4bitcoins.com

Thought & ideas? 

Thanks for reading!