Selling milk tea for Bitcoin - page 2.

cheezcarls

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Quote from: Reid on January 26, 2020, 04:04:24 AM

If its in the mall then it should be the milk tea ever for people to come in.
The thing with businesses like this is you need something new for it to be inviting to all.

Your real problem is the everyday profit which will also include the expensive rent for the place in the mall.
Bitcoin payment might not click but if it will be seen by the public then what could you lose? Nothing right?
One hell of a good move there. Thanks.

You’re right. Not only we would deal with those problems, but competitors as well. However, the only difference between us and the competitors in the area? They didn’t implement Bitcoin payments yet, and that’s a plus. Some of them do have QR codes from a centralised provider, as it can only promote digital payments in fiat money.

This is why we will come up with a creative promo that would let them be aware about Bitcoin. Like if the first timers have said “What is Bitcoin?”. So not only we would sell milk tea, but we educate them a bit about the positive use cases of Bitcoin.

Even a single Bitcoin QR code in a local area would be viral in no time once shared by some crypto enthusiasts in the city, and spread the word too.

Quote from: shoreno on January 26, 2020, 06:22:06 AM

you are one of the few peoples that start to realize about promoting a bitcoin . other promote via orally or by teaching other people but you , i like your style more because you use a props and that is milk tea . yes you can make offers like buy 1 take 1 for those who scan and pay via bitcoin . that is to encourage them try bitcoin if ever they dont use btc yet . you said no other stalls use btc ? that is also a plus point for you and you can get trending on social media and everyone will be talking about it .

If I could only dream that a local newspaper would publish about us being the first in the city to sell milk tea that accepts Bitcoin payments. I believe in the law of attraction, and we could make it happen once the business begins.

shoreno

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you are one of the few peoples that start to realize about promoting a bitcoin . other promote via orally or by teaching other people but you , i like your style more because you use a props and that is milk tea . yes you can make offers like buy 1 take 1 for those who scan and pay via bitcoin . that is to encourage them try bitcoin if ever they dont use btc yet . you said no other stalls use btc ? that is also a plus point for you and you can get trending on social media and everyone will be talking about it .

taufik0911

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maybe you will get some problems including those related to the prevailing currency in your country sooner or later unless you use one of the postal equipment provided by one of the ICO projects that uses a local currency base that is PundiX if I'm not mistaken

NotATether

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Quote from: TheNewAnon135246 on January 26, 2020, 04:48:52 AM

I assume you will accepting Lighting payments only? Onboarding people is extremely easy since there are multiple fiat onramps for Lightning now. I love what Jack Mallers is doing: https://www.fiattolightning.com/

Even though it's only in closed beta right now I still disagree that it will be very easy to onboard people to Lightning, specifically for the wallet in the link (Zap Wallet), if only because of the simple reason that people will need to learn what a channel is and the difference between coins on Lightning and coins on-chain. The definitions will be complicated to some people.

Webetcoins

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Quote from: Warkop on January 25, 2020, 10:46:31 AM

If you believe this way it doesn't hurt you to try this good thing, but in my opinion don't just sell it at the mall, you should sell it open also near campus and offer it to all students, and you also have to explain the payment problem. can use Bitcoin, I think this will be better in the future and make a good idea for your business using Bitcoin or other cryptocurrency. Good luck for your business.

True, explaining everything including problems would be a good idea. Explaining problems will make them able to deal with every situation. Without knowing problems, you can never become a good investor. In that case you will not have potential to deal the situation as you have not heard about it previously. Knowing them before will mentally prepare you to deal with it.

Pinkris128

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Quote from: cheezcarls on January 23, 2020, 04:46:14 AM

I had a discussion with my parents earlier, saying that they want to start operating our milk tea food cart. We had the cart ready, materials for making the milk tea and so on. Instead of waiting for June or July until the new school building opens, we decided to put our business in a mall rather than the school sooner than later.

My dad was a traditional business style guy. He kept failing because of not being creative and innovative, and sometimes ignoring my suggestions and advice. However, this time, since I am into crypto and blockchain industry, he was thinking about displaying a Bitcoin QR code.

In the city that I lived, there were no businesses yet who accept Bitcoin payments. They do have QR codes, but mostly from a centralized provider and not crypto-related.

I already have my mom's Bitcoin wallet verified, and may need to upgrade it to a Business account as it needs business permit and other requirements necessary. It'll be used for the business anyways.

I think this is going to be a worthwhile experiment, and a great way to start letting people aware about Bitcoin. Maybe I should put some creative promos for those who will buy milk tea using Bitcoin. What do you guys think?

Your experiment might be worth it if your business will be recognized by a lot of people at your place, especially for those people who uses bitcoin and cryptocurrency for their daily lives because it is convenient for us to use our bitcoins as a payment method. Other businesses could also copy you if they knew that you have earned more money than them.

TheNewAnon135246

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I assume you will accepting Lighting payments only? Onboarding people is extremely easy since there are multiple fiat onramps for Lightning now. I love what Jack Mallers is doing: https://www.fiattolightning.com/

bounceback

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Quote from: cheezcarls on January 23, 2020, 04:46:14 AM

I think this is going to be a worthwhile experiment, and a great way to start letting people aware about Bitcoin. Maybe I should put some creative promos for those who will buy milk tea using Bitcoin. What do you guys think?

of course it is a good idea because in the era of technological developments like now it is very good to introduce bitcoin to the public so they realize that bitcoin is worth using as one of the payment methods and makes it easier for users when making transactions. I hope your business runs smoothly and successfully.

Reid

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If its in the mall then it should be the milk tea ever for people to come in.
The thing with businesses like this is you need something new for it to be inviting to all.

Your real problem is the everyday profit which will also include the expensive rent for the place in the mall.
Bitcoin payment might not click but if it will be seen by the public then what could you lose? Nothing right?
One hell of a good move there. Thanks.

cheezcarls

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Quote from: SummerBliss on January 25, 2020, 09:44:29 AM

Quote from: cheezcarls on January 23, 2020, 04:46:14 AM

I had a discussion with my parents earlier, saying that they want to start operating our milk tea food cart. We had the cart ready, materials for making the milk tea and so on. Instead of waiting for June or July until the new school building opens, we decided to put our business in a mall rather than the school sooner than later.

My dad was a traditional business style guy. He kept failing because of not being creative and innovative, and sometimes ignoring my suggestions and advice. However, this time, since I am into crypto and blockchain industry, he was thinking about displaying a Bitcoin QR code.

In the city that I lived, there were no businesses yet who accept Bitcoin payments. They do have QR codes, but mostly from a centralized provider and not crypto-related.

I already have my mom's Bitcoin wallet verified, and may need to upgrade it to a Business account as it needs business permit and other requirements necessary. It'll be used for the business anyways.

I think this is going to be a worthwhile experiment, and a great way to start letting people aware about Bitcoin. Maybe I should put some creative promos for those who will buy milk tea using Bitcoin. What do you guys think?

The only concern I have is that will people be ready to shred even a few cents extra as a fees over an item which is low on price when fiat transaction wouldn't cost extra at all. That's the big limitation of Bitcoin. The fee makes it really expensive for less priced items. There even 1 cent would make a difference.

Though this could stop people to use Bitcoin. But general awareness can increase if you put up Bitcoin sign and qr code on display.

We're gonna use Coins.PH for our business. It has a local PHP balance (although considered a stable BTC address) where transaction fees are 0% when sending peer-to-peer or using the QR code. As long they're using the same app, transactions are instant and no fees.

Unless if the user chooses to use other wallet than Coins.PH, expect transaction fees to be deducted, and some waiting time for it to be fully confirmed.

target

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Selling a product like OP's milktea is somewat like my idea as well. But I'd need to buy first bug truck to load my products and visit an blockchain events to sell my products to crypto users. This is because I specifically pick the potential clients I have which are the bitcoin and crypto users alone. I'd be producing belt buckles, prying pans and can openers with BTC and cypto logos to them. I designed most of them and my brother will help me produce it on his metal shop.

Boov

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Quote from: Warkop on January 25, 2020, 10:46:31 AM

If you believe this way it doesn't hurt you to try this good thing, but in my opinion don't just sell it at the mall, you should sell it open also near campus and offer it to all students, and you also have to explain the payment problem. can use Bitcoin, I think this will be better in the future and make a good idea for your business using Bitcoin or other cryptocurrency. Good luck for your business.

Actually what is he trying to point here is it okay if he will invest for business just to buy bitcoins. Well for me thats okay most especially because he can gain profits for two, one for trading and also kne for his business. What a bright idea its just like hitting two birds woth one stone. If I will be given a chance I will do the same thing just like him because if you are just gonna trade here you cant earn enough money if you have a family to support.

Warkop

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If you believe this way it doesn't hurt you to try this good thing, but in my opinion don't just sell it at the mall, you should sell it open also near campus and offer it to all students, and you also have to explain the payment problem. can use Bitcoin, I think this will be better in the future and make a good idea for your business using Bitcoin or other cryptocurrency. Good luck for your business.

SummerBliss

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Quote from: cheezcarls on January 23, 2020, 04:46:14 AM

I had a discussion with my parents earlier, saying that they want to start operating our milk tea food cart. We had the cart ready, materials for making the milk tea and so on. Instead of waiting for June or July until the new school building opens, we decided to put our business in a mall rather than the school sooner than later.

My dad was a traditional business style guy. He kept failing because of not being creative and innovative, and sometimes ignoring my suggestions and advice. However, this time, since I am into crypto and blockchain industry, he was thinking about displaying a Bitcoin QR code.

In the city that I lived, there were no businesses yet who accept Bitcoin payments. They do have QR codes, but mostly from a centralized provider and not crypto-related.

I already have my mom's Bitcoin wallet verified, and may need to upgrade it to a Business account as it needs business permit and other requirements necessary. It'll be used for the business anyways.

I think this is going to be a worthwhile experiment, and a great way to start letting people aware about Bitcoin. Maybe I should put some creative promos for those who will buy milk tea using Bitcoin. What do you guys think?

The only concern I have is that will people be ready to shred even a few cents extra as a fees over an item which is low on price when fiat transaction wouldn't cost extra at all. That's the big limitation of Bitcoin. The fee makes it really expensive for less priced items. There even 1 cent would make a difference.

Though this could stop people to use Bitcoin. But general awareness can increase if you put up Bitcoin sign and qr code on display.

Sanugarid

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Quote from: Yaunfitda on January 25, 2020, 05:45:43 AM

Quote from: cheezcarls on January 23, 2020, 05:42:15 AM

Quote from: Yaunfitda on January 23, 2020, 05:29:51 AM

Quote from: cheezcarls on January 23, 2020, 04:46:14 AM

I think this is going to be a worthwhile experiment, and a great way to start letting people aware about Bitcoin. Maybe I should put some creative promos for those who will buy milk tea using Bitcoin. What do you guys think?

Go for it man, actually I'm a milk tea enthusiast, I just had my taro milk tea

Might be first in your place, and people might be curious as what bitcoin is, if you can set up a LN payment as well much better so that it will be instant.

Yes man, as I love milk tea (especially wintermelon, taro and the all-time favorite creme hokkaido). My sisters and I loved milk tea so much, but of course, we don't drink everyday (controlling sugar even if I'm not diabetic).

You got me thinking, I might talk to the owners of two milk tea stores that I frequented in my place and maybe I can discuss to them opening bitcoin as another alternative for payment, I will give it a try.

This kind of initiative is really good for crypto in the long run. It might not be adoption right away, but there could be curious customers out there.

Well that concludes that bitcoin is really spreading and many countries and companies are recognizing the goodness of the cryptocurrency. I can say that if every countries will adopt bitcoin or cryptocurrency to be exact it must be a good start for everyone having a fast and safer way of making transaction especially payment method.

I love milktea. I used to buy milktea but knowing that you can buy it using bitcoin is more exciting. Just look forward on how far can bitcoin go if we continue spreading the goodness of it.

cheezcarls

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Quote from: Yaunfitda on January 25, 2020, 05:45:43 AM

Quote from: cheezcarls on January 23, 2020, 05:42:15 AM

Quote from: Yaunfitda on January 23, 2020, 05:29:51 AM

Quote from: cheezcarls on January 23, 2020, 04:46:14 AM

I think this is going to be a worthwhile experiment, and a great way to start letting people aware about Bitcoin. Maybe I should put some creative promos for those who will buy milk tea using Bitcoin. What do you guys think?

Go for it man, actually I'm a milk tea enthusiast, I just had my taro milk tea

Might be first in your place, and people might be curious as what bitcoin is, if you can set up a LN payment as well much better so that it will be instant.

Yes man, as I love milk tea (especially wintermelon, taro and the all-time favorite creme hokkaido). My sisters and I loved milk tea so much, but of course, we don't drink everyday (controlling sugar even if I'm not diabetic).

You got me thinking, I might talk to the owners of two milk tea stores that I frequented in my place and maybe I can discuss to them opening bitcoin as another alternative for payment, I will give it a try.

This kind of initiative is really good for crypto in the long run. It might not be adoption right away, but there could be curious customers out there.

If they agree to your proposal, and start displaying the Bitcoin or crypto QR code with some promo materials, that would be a head start for you.

Your first market would be the crypto community in your area. Imagine if they are going to take selfies with the QR code, posting it on social media profiles or pages, or even making a blog or do some “vlogging”, who knows.

It’ll go viral for sure. Trust me. I have seen some of my friends always taking pictures of some establishments where Bitcoin ATMs, posters, etc., are being placed.

When I went to Singapore and riding an MRT, I see some Binance posters hanging around. I just failed to take pictures of them though, but maybe next time when I get back.

Yaunfitda

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Quote from: cheezcarls on January 23, 2020, 05:42:15 AM

Quote from: Yaunfitda on January 23, 2020, 05:29:51 AM

Quote from: cheezcarls on January 23, 2020, 04:46:14 AM

I think this is going to be a worthwhile experiment, and a great way to start letting people aware about Bitcoin. Maybe I should put some creative promos for those who will buy milk tea using Bitcoin. What do you guys think?

Go for it man, actually I'm a milk tea enthusiast, I just had my taro milk tea

Might be first in your place, and people might be curious as what bitcoin is, if you can set up a LN payment as well much better so that it will be instant.

Yes man, as I love milk tea (especially wintermelon, taro and the all-time favorite creme hokkaido). My sisters and I loved milk tea so much, but of course, we don't drink everyday (controlling sugar even if I'm not diabetic).

You got me thinking, I might talk to the owners of two milk tea stores that I frequented in my place and maybe I can discuss to them opening bitcoin as another alternative for payment, I will give it a try.

This kind of initiative is really good for crypto in the long run. It might not be adoption right away, but there could be curious customers out there.

emortal7

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I think you will have success offering your services using https://moneybutton.com and https://twetch.app

ragavancoin

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Good idea i think you can do that in Mall so that many customers who know about bitcoin will be happy to use and those who doesn't know about Bitcoin will get to know about it. As Wack Slacker said milk or tea cost is less people would definitely prefer to pay cash. The place where your staying is accepting bitcoin well that's cool.

By accepting bitcoin as payment method Bitcoin grows more and more. Good luck Man...

wack slacker

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I think the value of milk tea is very low and people will prefer to use cash in this case over Bitcoin or other cryptocurrencies. They send Bitcoin away, it takes a while to wait, and a small fee. Your idea sounds good, but I don't think it will succeed as expected. But anyway you have a good business idea and it would be a good way to advertise Bitcoin in your area. Good luck!

Topic: Selling milk tea for Bitcoin - page 2. (Read 1019 times)