(Credit for this post goes to @madilyn02 to whom all rewards will go!)
The main task here is to effectively ask the business owner to download a Hive wallet, such as @keychain, onto their phone and open a Hive account. Here are some methods to use to facilitate that process:
Bringing more businesses into the Hive ecosystem can feel daunting, but with the right approach, it's entirely achievable. Convincing business owners to accept HBD for transactions involves building trust, demonstrating value, and showcasing the ease of using Hive tools.
In this post, we'll list some tested strategies to help you succeed in onboarding businesses.
Below are the easy steps you can take:
Say to the owner/manager that:
You will get a discount if you pay with the application Hive Keychain, which can be easily downloaded from their App store
All of the business clients get a 20-40% discount if they use it
The Business gets the full amount, and the discount is paid to the client by the system for taking two photos and writing a short review of the experience
The business also gets free, organic, client-driven content as a result
Show the owner all the people and businesses currently using and benefiting from the system on the spendhbd.social.gifts website.
Ask the owner to download the Hive Keychain app and get a Hive account
Send them 1 HBD and show them HOW FAST it arrives
7a) Also, if the time is right and there is no rush, send the business owner $0.01 and $0.001 to demonstrate that there are ZERO fees!
7b) Mention the 15% APR to the business owner for putting HBD into savings
If you are a Trusted Guide, add their business and account name to distriator.com (in the business section of Distriator, click the + button and follow the steps)
Show the business owner and their staff how to make an invoice using v4v.app/pos
Pay them and show them how you claimed a discount using Distraitor.com
Show them how they can cash out to your local currency using the following systems:
- Telegram:
- Exchange:
If they are interested, show them how they can cash out into BTC using V4V.app convert.
If appropriate, help the business make a quick post on Hive with your favorite Dapp. One or two selfies with a quick one-paragraph is sufficient. These will likely get votes and can demonstrate to the business owner how money is distributed to users. They can use the #distriator tag.
Summary and additional tips
Highlight the Benefits for the Business
When approaching a business owner, focus on the advantages they'll gain:
- No More Credit Card Commissions or Fees with this System
Increased Customer Base: Explain how customers paying with HBD can enjoy cashback or discounts, making their business more attractive. - Full Payment Assurance: Clarify that the platform covers any discount and does not reduce their profit.
- Free Promotion: Inform them that their business will be listed on SpendHBD and shown on the business map, giving them visibility to a growing community of crypto users.
Build Trust and Credibility
Skepticism about online tools is common. Here is how to overcome it:
- Show them the spendhbd.social.gifts website and the SpendHBD.com Breakaway Community platform and explain its credibility.
- Demonstrate a real transaction to showcase how fast and secure it is.
- Walk the business owner through how they can cash out their earnings into local currency (like Naira) or even convert to BTC.
Simplify the Process for Them
Ease any concerns by breaking down the process into simple, actionable steps:
- Ask them to download the Hive Keychain app.
- Help them create an account and walk them through the basics.
- Send them $1 HBD to demonstrate how quickly payments arrive.
- Show them how to use Distriator to list their business.
- Teach them to create invoices using v4v.app and show how payments work.
Build a Relationship Before Asking
Business owners are more likely to listen to someone they trust. Take the time to build rapport by:
- Visiting the business a few times before introducing the idea.
- Engaging in casual conversations unrelated to Hive or HBD.
Be Confident and Persistent
Confidence is key when introducing something new. Show that you genuinely believe in the benefits of HBD, and don't let rejection discourage you. There are always more businesses to approach. Business owners will often reflect your energy and enthusiasm.
Offer Additional Opportunities
Once a business has successfully onboarded, suggest ways they can further benefit:
- You can suggest running a workshop / #ShoKin in their business either one time or regularly.
Conclusion
Onboarding businesses to accept HBD requires patience, clarity, and persistence. Following these steps and maintaining a positive attitude can help expand the Hive ecosystem and create win-win opportunities for businesses and customers.
If you've successfully listed a business or have additional tips, share them with us in the comments. Together, we can build a stronger HBD adoption network!
Will try this one when my business goes live. All the best !BBH !LOLZ
And $0.01 HBD and $0.001 HBD too to demonstrate that there are really no transaction fees.
In addition to the fast transactions, this is one of the biggest advantages of the Hive Dollars (HBD).
And probably mentioning the 15% APR interest rate of the Hive Dollars (HBD) savings is also a good idea.
It was 20% APR in the past.
Hopefully it will be 20% APR again in the future too.
Some cryptocurrency projects offer even more than that.
Your comments have been incorporated in section 7 above. Thanks!
We take a slightly different view on HBD APR for almost no lock in time. We want to promote high returns on APR being associated with higher risk such as being locked in longer, or injecting HBD into economies via providing HBD liquidity to businesses for low rate loans (something that will never be provided by the community while the base layer APR is so high).
Excelente informacion, gracias...
Is it possible for the business to withdraw HBD directly to fiat, without converting to Hive first?
Main reason I ask, is because I’m pretty sure it’s going to be a taxable event here in Canada. So if I am going to onboard businesses, I need to know for sure they won’t have the tax man after them for this!
@adesojisouljay is making an exchange for this. But if it’s not available locally, make the exchange yourself. There are many peer to peer direct exchanges for hive all over the world. None in Canada as far as I know yet. Why not make it yourself?
Never thought of that. Happen to know if any guides on how to set that up for Hive?
This is a useful information.
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blockchain is awesome i like this project
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This information comes at the right time, thanks for the post, I will try it first before taking it out.
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This is powerful, if it will be generally accepted as a mean of getting commodities. More wins BBH
This is a great initiative for onboarding, @thedistriator. But I have a couple of questions before trying it with the local business:
How is the percentage of discount 20-40 determined so the business owner can inform the clients beforehand how much discount they will get?
Is there a cap on the discount the client can get/claim, especially when it involves big-ticket items that cost 100s of HBD?
Do you offer this discount to online offers?
I am currently offering Hivers this Holiday Sale online. Can they get this discount when they buy online?:
https://inleo.io/threads/view/successforall/re-leothreads-ob3uahj2