Do you want to find out how to sell products online for bitcoins? Well, you’ve come to the right place! I’m going to walk you through all the steps, from setting up your website, creating an online store, and even how to make your store mobile-friendly! By the end of this post, you will have everything you need to sell your product on the internet using bitcoins!
How to Sell Products Online For Bitcoins
Pick a Product
Once you’ve determined what kind of product you want to sell, it’s time to pick one. This can be one of your most important steps; how well you choose your product will determine how easily and quickly it is for customers to find it. When picking a product, look for something that has a low cost-per-unit or high margin-per-unit. Whichever metric is higher should be your focus point when picking products.
Additionally, you need to pick a product that’s in demand. You can gauge how much a product is in demand by looking at its rank on sites like Amazon and eBay. Your product will be competing against thousands of other sellers for visibility, so your goal should be to get as many eyes on your product as possible.
Look for products that have less competition and lower barriers to entry for new sellers. The more you know about a specific niche market, the better! Consider consulting with people who already operate in that niche or joining communities like Reddit where specific niches are discussed often.
Research your Competition
Knowing what your competition is doing is important for marketing your products. What are they offering? How can you beat them? Look at as many websites that sell similar products as possible, and don’t be afraid to reach out directly with questions or comments.
If a competitor isn’t being helpful, try using their product—if it’s really good, think about how you could improve upon it. Learning from your competitors’ strengths and weaknesses can help you avoid mistakes they made while giving you an edge in an increasingly competitive marketplace.
If you can’t find information about your competitors online, you can also contact your local chamber of commerce or go directly to their office. Contacting them will show that you’re serious about starting a business in their area and that you intend on making your business as successful as possible.
Remember, there is plenty of money and opportunity to be made, so don’t get discouraged if you have trouble finding out where they are. You never know what information may be helpful for finding a sale and gaining an edge over your competition.
Choose an eCommerce Platform
Having an eCommerce platform that allows for bitcoin payment processing is probably a good idea, given how important it is. Luckily, there are a ton of popular eCommerce platforms that support bitcoin payments and you don’t even have to look hard to find them.
Shopify offers BTC as a payment option for their large network of small business owners, while Bigcommerce and Ecwid both support BTC payments as well. And if you want to go with something open source and completely free, then there’s always WooCommerce.
In fact, Coinbase has been offering WooCommerce integration since 2015 so you can get started right away (and easily). Once you pick an eCommerce platform that works for your business, start by setting up your store and then link it with Coinbase.
Create Your Storefront, List Products, & Get Paid in Bitcoin
A step-by-step tutorial for entrepreneurs who want to start selling online but aren’t quite sure how. This tutorial will guide you through every aspect of setting up a business that accepts Bitcoin, including choosing an eCommerce platform,
setting up a storefront, choosing your payment processor, getting paid in bitcoin, and more. . . . I’ve also included a few ideas on how you can promote your new store and get sales rolling. There are several ways to go about it.
The technology behind Bitcoin and other cryptocurrencies allow a whole new way of doing business on a scale never seen before. It’s like having a global bank account that can send and receive money without any fees. Additionally, it has little or no exposure to government intervention,
which is why it has grown so quickly over recent years. As people have become more aware of its benefits, they are beginning to recognize its true potential as an online payment method.
Hire Help for Shipping & Customer Service
You don’t need an inventory of products before you can sell online. You just need a product page and a shopping cart. If you have both of those, you can start accepting orders for your product and building up your reputation right away.
But when orders come in, it might be difficult to pack things up and ship them off—especially if you’re just starting out. Instead of trying to figure it all out yourself, hire help—such as Postmates or TaskRabbit—to do it for you. This will help free up your time so that you can focus on selling more products while making sure that things are getting done quickly.
Do you have a customer service department? It’s important that people who buy your products feel like they have someone to contact if they have questions. That’s why it can be helpful to hire help for customer service, too. Even though you may not physically meet with customers,
you can still give them a virtual way of contacting you if they need help or want an answer. Live chat software, such as Olark or TalkDesk, can be great for answering any and all questions about your products and services.
You could also consider starting up a Twitter account for customer service—and let customers know that it’s thereby putting it on your product page.
Get the Word Out
Writing an effective sales page can seem daunting, but it’s really not hard to create a product that sells. First and foremost, you have to come up with a pitch—an attention-grabbing headline or ad that makes people interested in your product.
Then, you have to create an attractive sales page. On it, describe what your product is and why customers need it. In addition, make sure you include features, benefits, and calls to action (for example: Buy Now!).
Finally, don’t forget about providing customer support so that potential buyers feel secure in their purchase decision. After all of these steps are completed successfully, you will be able to sell products online for bitcoins.
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Monitor Orders and Refunds (Optional but Recommended)
One way to make sure you’re getting everything right is by monitoring your orders and refunds. When you have an order in your system, it’s tempting to immediately pay attention to other issues. But if a customer contacts you with a problem after they’ve already made their purchase,
it may be too late: they’ve got their product, and now all you can do is refund them. In some cases, that’s what happens—but if there’s anything at all you can do about it, that makes for happy customers and good reviews (which help sell your products).
Once someone has made a purchase, take just a few minutes every day or so to look at pending orders in your system.
Obviously, you can’t spend all your time monitoring orders. But there are tools that can help make it easier. Services like Amazon’s seller dashboard, Bigcommerce’s order dashboard,
and Shopify’s reports allow you to see detailed information about each order in a single place—so you can easily keep track of what’s going on. You’ll be able to see if an item is selling or not, how long orders are taking from when they’re placed until when they’re shipped, and much more.
Also Read: The 10 Best Cryptocurrencies to Invest In
Like selling things on Amazon or eBay? Want to expand your market beyond local customers? Try selling products online for bitcoins. Not only can you get paid in bitcoins, but you don’t need a credit card processor,
as many online stores accept BTC payments. As always, if you have any questions about selling products online for bitcoin, leave a comment below and I’ll do my best to help out!
Selling products online for bitcoins may not be a full-time job, but it can help supplement your current income. With increased interest in bitcoin, there’s never been a better time to try selling products online for bitcoin.
And if you’re already selling on eBay or Amazon, switching from USD payments is easy thanks to services like Coinbase that convert your funds automatically when you get paid! So what are you waiting for?
Get out there and start earning bitcoins as soon as possible!
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