Where i gone wrong? | Bitcointalksearch.org

jeraldskie11

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Quote from: Coinbuddy on September 29, 2016, 12:24:30 PM

Hi
As everyone knows that i thrived many bitcoin projects and different ideas but nothing worked out for me. My last project was An exchange marketplace (INCUREX) where people can find and meet the different exchangers Bitcoin to PM etc.
This site last for only two weeks got few exchangers but no one gets online on that exchange and then people start fading away and at last time came and i had to shut down.

What possibly can be reason of its decline? I think people wasn't interested in it at all.

The possible reason is maybe your output is not interested by others. You need to make more effort to your project to be effective and seen by others.
I appreciate your project cause its of your growth. Keep on it, try and try until you success cause there is time for you and don't forget your faith that you will success. If that words is always in your mind you will not be down

arunka71

sr. member

Activity: 410

Merit: 257

Was there an API for bots? Bots can do a lot of trades => lot of fees.

U2

hero member

Activity: 676

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I used to be indecisive, but now I'm not sure...

I don't see what the difference between your exchange was and every other exchange. Also I never even heard of your exchange of about the launch. I'd say that's the issue.

Dank14

full member

Activity: 252

Merit: 100

OP needs to get creative - do the same thing everybody does but do it differently - spice it up.

Make it easier and faster for people.

Then you need to do some aggressive marketing on this forum for like four months (starters) to get some results.

_Miracle

hero member

Activity: 912

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Do due diligence

"Where i gone wrong?"

This is a very interesting question that seems to speak more to our current culture of boo[n]ms tied to entrepreneurial endeavors.

It's not unusual for businesses to have models where you bust your behind to break even in three years and then begin to turn profits.

You may be giving up too soon or just in time.

When you say "success" what do you mean by that?
Money? A kick ass platform? ___________?

TriggerX

hero member

Activity: 826

Merit: 1000

Well you need to get the website out there. Try to get as much advertising as you can. That's what gets people to go to your websites. Add something on your website that makes you unique compared to other exchanges. Something that keeps people wanting to return to your website for more.

crazyivan

legendary

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DMD Diamond Making Money 4+ years! Join us!

Well, assuming your products are good and competitive, it all comes down to marketing. Large companies spend up to 80% of their operational profits on promotion and marketing. How much money have you spent on this? Posting here s often not enough. Please do let me know when you select your next project, I can help you out, for free.

Please do not give up, if making money online would be that easy, everyone would be crazy rich.

avatar_kiyoshi

legendary

Activity: 1106

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Quote from: Coinbuddy on September 29, 2016, 12:24:30 PM

Hi
As everyone knows that i thrived many bitcoin projects and different ideas but nothing worked out for me. My last project was An exchange marketplace (INCUREX) where people can find and meet the different exchangers Bitcoin to PM etc.
This site last for only two weeks got few exchangers but no one gets online on that exchange and then people start fading away and at last time came and i had to shut down.

What possibly can be reason of its decline? I think people wasn't interested in it at all.

Because you have much project which you can't focus just one for make it bigger and the ideas is too much competitors which you can't stay longer to run. Because AFAIK business world is harder without high mentality to run. This is my personal experience running a project with have more competitors.

Hakari

newbie

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Failure is the most common thing in business Roll Eyes

European Central Bank

legendary

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none of these ideas sound new. they also have to earn trust.

ideas done better than established businesses will go nowhere without a giant marketing spend and years of effort.

think out of the box or do something that already exists so much better that it's a no brainer to use you.

Patatas

legendary

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Merit: 1115

Providing AI/ChatGpt Services - PM!

Quote from: Coinbuddy on September 29, 2016, 12:24:30 PM

Hi
As everyone knows that i thrived many bitcoin projects and different ideas but nothing worked out for me. My last project was An exchange marketplace (INCUREX) where people can find and meet the different exchangers Bitcoin to PM etc.
This site last for only two weeks got few exchangers but no one gets online on that exchange and then people start fading away and at last time came and i had to shut down.

What possibly can be reason of its decline? I think people wasn't interested in it at all.

The problem is,you've small visions.Speaking logically,what do you know about the market before starting a new project ?Have you studied your competitors?Have you seen their product?Have to admit,your product is not upto the mark to compete with the market.Simple.Secondly,your ideas are not creative,they aren't even concepts.Start thinking practically,getting coding done by an average coder to set up the working project in 2 weeks is not how you're going to make it big.

vino.gcs

member

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Merit: 11

Maybe your ideas are not much unique. If your ideas are not unique, your marketing strategy must be unique Grin

Zenzolina

sr. member

Activity: 266

Merit: 250

Let's say you are going to build a coffee shop. Where do you locate your business?

SCENARIO 1: The middle of nowhere. Next to nobody passing by.
No hope of selling much coffee, regardless of how great your coffee is!

SCENARIO 2: The middle of Times Square, New York. Millions of people walking by every day.
Regardless of how good/bad your coffee (product), you going to sell a lot of it!

There are two points to take from this;
1. Traffic is hugely valuable. So valuable that back in 2005, YouTube, a loss making business at the time, was purchased by Google for $1.65billon, just because it had a lot of traffic! And Facebook, a free to use website, is about to IPO for as much as $100billon. For no other reason than a whole lot of traffic!

2. Traffic plays as much a part in the success of a business, as the product itself. Therefore, if you have amazing traffic value. It doesn't matter how lousy your product is, it's going to be a very straight forward success.

Coinbuddy

hero member

Activity: 896

Merit: 1000

All happened! but i am looking to make a bitcoin/amazon gift card trading website. where people can trade btc/gift cards same as they trade bitcoin/usd on other exchanges.

arwin100

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Jack of all trades 💯

Quote from: Coinbuddy on October 02, 2016, 02:05:37 PM

Quote from: Emerge on October 02, 2016, 12:34:56 PM

I tried out INCUREX for a while while it was up. The user experience was pretty bad. It like a chatroom that had a list in the front page
pretty much like a worse localbitcoin..

You could do so much better.

Sorry for that!

My aim was to make it quick and simple! but it couldn't
Now what you will recommend to me?

Well i think for rushing such thing, you made a site that make some users be annoyed, maybe you should update or refurnish and make your site more simplier yet easy to understand so people would provably love to see it, so don't rush some works and make a great plan with your site do some interactive works, look at your competitor's site and how it works maybe you can get some idea with them that you can apply to your site.

Coinbuddy

hero member

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Quote from: Emerge on October 02, 2016, 12:34:56 PM

I tried out INCUREX for a while while it was up. The user experience was pretty bad. It like a chatroom that had a list in the front page
pretty much like a worse localbitcoin..

You could do so much better.

Sorry for that!

My aim was to make it quick and simple! but it couldn't
Now what you will recommend to me?

Emerge

legendary

Activity: 854

Merit: 1000

I tried out INCUREX for a while while it was up. The user experience was pretty bad. It like a chatroom that had a list in the front page
pretty much like a worse localbitcoin..

You could do so much better.

olubams

hero member

Activity: 798

Merit: 503

Quote from: Coinbuddy on September 29, 2016, 12:24:30 PM

Hi
As everyone knows that i thrived many bitcoin projects and different ideas but nothing worked out for me. My last project was An exchange marketplace (INCUREX) where people can find and meet the different exchangers Bitcoin to PM etc.
This site last for only two weeks got few exchangers but no one gets online on that exchange and then people start fading away and at last time came and i had to shut down.

What possibly can be reason of its decline? I think people wasn't interested in it at all.

Aside what others have suggested, I will want to add that in making business a success, one thing is support and good PR which is very important after the hard labour bringing the idea to fruition, you continue to support it whether people believe in it or not, mention it wherever possible if you cant do it hire someone to help before you know things start changing but I must say its not going to be easy. Its your dream and no one will believe it better han you.
Another one is the formation of a team, instead of being the Alpha and OMEGA of the project, why not form a team of like minded individuals to provide support and even necessary publicity. This will reduce cost on your own part at the same time reduce the risk of failing but wont come cheap as you must be ready to part with some profit and I know there are still good people who will support a good project...

Coinbuddy

hero member

Activity: 896

Merit: 1000

I personally think that "Negative trust" on my caused this problem. People on bitcointalk high believe on this damn thing. Which i never believe!

Now i am looking forward to my next venture! but can anyone suggest me which can be simpel to manage and profitable excluding gambling

Hazir

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★Nitrogensports.eu★

Quote from: JoeinJapan on October 02, 2016, 10:26:03 AM

Do you have email addresses of your customers?
Do you have them in twitter?
Do you have them in any platform?

Propaganda is the key to product success.

I guess email address was required to create account, so yes, anyone who traded or made account on Op's exchange is stored in his database.

There is no requirements to use social media, in fact, I almost never follow any kind of service on twitter.

Propaganda is rather negative word - we can better call it "building awareness". And yes, it is required to be successful.

Topic: Where i gone wrong? (Read 3538 times)