Promote Bitcoin idea: sell you *good* used stuff
1990 sats \ 16 comments \ @dtonon 18 Oct 2023 bitcoin
Maybe the idea seems quite banal but has an interesting rationale, in my opinion.
Last weekend I was talking with a friend about how to promote Bitcoin adoption, and this logic emerged: sell something unique or valuable, not cheap and dirty stuff :), and ask for only payments in Bitcoin. Our houses are full of interesting things — maybe vintage ones, e.g. furniture, tools, or clothing — that on cannot find anywhere else. If the user is really interested, he will be incentivized to acquire some Bitcoin to buy it. And maybe he could logically think to earn them selling his own stuff! Circular economy, reuse, and Bitcoin adoption: three wins.
A variant could be to give a strong discount (e.g. 20%) for payments with Bitcoin; the buyer should be interested in why the seller is available to get "less" money if paid in Bitcoin, and maybe this will spark some interest that brings him to research.
Anyone have some experience with this sort of experiment?
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1031 sats \ 3 replies \ @Signal312 18 Oct 2023
Interesting idea. So physical things, sent by mail? I'd love to buy and sell things with bitcoin. Was thinking of making some loaves of bread and bringing them to my (kinda small) meetup, to sell.
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51 sats \ 0 replies \ @pillar 18 Oct 2023
A guy I know started doing that with socks.
Now he's selling dozens of t-shirts and othe products each month. Go for it!
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1 sat \ 0 replies \ @kristapsk 18 Oct 2023
I think starting with local community and physical events is the right way to do it. Then, if there is interest, it's worth offering to other people on Internet too.
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0 sats \ 0 replies \ @dtonon OP 19 Oct 2023
So physical things, sent by mail?
Exactly. Hard stuff bought with hard money :)
making some loaves of bread
Do it!
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30 sats \ 1 reply \ @kristapsk 18 Oct 2023
We with wife are making some Bitcoin themed soaps at home (https://twitter.com/kristapsk/status/1696852376416645129/photo/1), selling these only for sats, they are even priced in sats. Plan is to make some more stuff at home in future and also sell it only for sats.
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0 sats \ 0 replies \ @dtonon OP 19 Oct 2023
Yes, handicraft products also perfectly fit this idea!
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10 sats \ 0 replies \ @nemo 18 Oct 2023
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10 sats \ 6 replies \ @Natalia 18 Oct 2023
sell something unique or valuable, not cheap and dirty stuff :)
I launched a digital course and tested offering a 5% discount pay in Bitcoin and here is the result #241076
Maybe I should offering a stronger discount in my next fun 🧐
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21 sats \ 4 replies \ @fm 18 Oct 2023
should offering a stronger discount in my next fun
Yes, double the price, offer a 50% off.. brain sometimes is THAT stupid
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21 sats \ 3 replies \ @Natalia 18 Oct 2023
😳😂 too strong seems to something fishy behind haha, maybe a 21% discount to test the water
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31 sats \ 1 reply \ @fm 18 Oct 2023
fishy is the word.. but, you know.. marketing.. but your suggestion is good.. 21% is on spot.. that would work
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9 sats \ 0 replies \ @nemo 18 Oct 2023
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0 sats \ 0 replies \ @TwoLargePizzas 18 Oct 2023
It's only fishy if it's not explained very well. People are used to seeing large discounts in downloadable products already. It's not uncommon to see 70% off sales on Steam, Unity Asset Store or Udemy and they work very well for the buyer and seller.
The only difference here is asking people to pay with Bitcoin. That's the hard part. I actually think a lot of people would be curious enough to want to try Bitcoin especially if they feel like they're getting a good discount to do so.
However, the instructions need to be very clear and their concerns need to be addressed. Probably to the point of walking them through every step. Most people won't bother if they have to figure it out themselves.
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0 sats \ 0 replies \ @dtonon OP 18 Oct 2023
Great experiment, thank for sharing!
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0 sats \ 1 reply \ @a_free_robot 18 Oct 2023
That's great but you're shooting yourself in the foot by only accepting bitcoin. Not only is making or finding something valuable hard to do at scale, it's also hard to get it in front of people. Then you want to tell them they have to jump through bitcoin hoops to get it.
Thankfully, bitcoin lightning is starting to become fairly easy to use. This, along with a discount of what credit cards might be charging might be enough over time. This seems much more scalable to me.
If anything lightning may also bring competition to platforms that require ridiculous KYC hoops to sell anything online. But then we already have things like Kijiji that leave payment up to the people.
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0 sats \ 0 replies \ @dtonon OP 19 Oct 2023
In fact I added the discount variant. It depends by the products appettibility and the buyers hypothetical quantity.
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