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To the Moon and Back: Accepting Dogecoin and other Crypto Currencies on your E-Commerce Website.

To the Moon and Back: Accepting Dogecoin and other Crypto Currencies on your E-Commerce Website.

So confusion, such community, much… moon?  If you’ve been paying attention to online technologies, have a family member or friend who does, or are beginning to investigate the world of online stores in general, chances are you have heard of Bitcoin.  And maybe Litecoin.  But there’s another one that you should hear about if you haven’t already.  An accessible, fun, and not so serious cryptocurrency that is driven by an equally accessible, fun, and not so serious community.  This currency has been labelled as “dead” to “next big thing” and everywhere in between.

Those are both not entirely the case, and I’m here to tell you why you should accept it anyways.

 

And what if all you had to do to become accepted by this community as a go-to source for the very product that you sell, was to accept this community’s particular form of currency that can be exchanged for any other currency on the globe?

 

What if I told you a community is out there that you don’t market to, that boasts a massive membership of over 90,000 active members and even more anonymous members, has more transactions per day than any other online community of its type, and is fanatically searching for ways to make even more transactions.  And what if all you had to do to become accepted by this community as a go-to source for the very product that you sell, was to accept this community’s particular form of currency that can be exchanged for any other currency on the globe?

I bet you would tell me that you want a piece of this pie.

The currency is named Dogecoin, and it has positioned itself as an entry-level Cryptocurrency – a Cryptocurrency-lite if you will.  By now, everybody is familiar with bitcoin, but Dogecoin enjoys a unique position of being developed to be a transaction-based currency.  The members of this community want to spend this currency on goods and services, not hold onto Dogecoin in an attempt to get rich like some cryptocurrencies.

This is good for you.  Dogecoin users want to spend money.

Dogecoin offers you some unique opportunities to people and companies who choose to accept it, some of those are:

  1. Near-instant transactions
  2. International transfers of any size at almost no cost (currently less than one cent)
  3. Customers can not charge back like credit cards and paypal.
  4. No base acceptance fees
  5. No vendor lock in – Dogecoin does not care what other forms of payment you accept
  6. Fast and easy setup with no additional or up-front costs (just need a computer and minutes of your time to get started)

All they need is for some businesses, perhaps yours, to take the next step and accept their currency.

 

Dogecoin can be exchanged to national currencies.  You can do this easily by yourself or use the automatic conversion offered by some payment processors (of this will be explained further below). You can also just keep your Dogecoin and spend it.

Right now, Dogecoin members and users have some shops set up to sell a collection of random items, but these products are by and large products that are available in a swap-meet like setting.  What they are clamoring for is bigger, they need more – they need actual stores.  Looking into the community, you can see what appears to be 90,000+ active members of the community.  All they need is for some businesses, perhaps yours, to take the next step and accept their currency.  We at Chewie Media have begun accepting Dogecoin, and are excited with the opportunity this brings, as well as the ease in which we can exchange any Dogecoin needed for Canadian funds – or to spend that Dogecoin on other goods and services.

 

Accepting Dogecoin has given them a boost in sales and in exposure, and they are now enjoying being part of a growing community of stores that have become adopted by this fanatical and fun currency-based community – or “shibes” as they prefer to be called.

 

The process is relatively simple.  The official Dogecoin website describes what it takes to get started.  From there, as a business owner, you can accept Dogecoin and convert it to funds of your choice using Vault of Satoshi.  As web developers, Chewie is fully able to help you accept Dogecoin and set up the necessary infrastructure, much like we did for our clients atA llure Boutique and Sex Boutique (careful, the subject matter may be not safe for all viewers).  Accepting Dogecoin has given them a boost in sales and in exposure, and they are now enjoying being part of a growing community of stores that have become adopted by this fanatical and fun currency-based community – or “shibes” as they prefer to be called.

Now, there are a few perceived negatives about the process.  Conversion costs roughly the equivalent of credit card acceptance fees, and holding onto Dogecoin long-term is a little more volatile than holding onto Canadian or American funds.  Dogecoin’s value is largely based on supply versus demand, and without being attached to real-world precious metals such as silver or gold, the value does fluctuate since it is still in its infancy.  Overall, though, we weighed these very same concerns in our offices and decided that accepting Dogecoin brings about sales which we would normally not make, and that was worth any sort of risks that may come with it.  And besides, it’s based off of a dog (client’s dog rule), and in case you haven’t noticed by now, we’re a big fan of our dogs.

Ask us how Dogecoin can fit into your overall business plan, and how you can start accepting Dogecoin for your goods and services today.

 


*Special Note*

A great big thanks goes out to Murals by Larochelle for lending us her Dogecoin-inspired artwork for our banner image.  Check out her website – she is a very talented artist and we are so fortunate that she keeps her finger to the pulse of the digital community enough to have already painted a set of four painting on the very subject!

 

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Nothing worth doing… or Mistakes business owners make with their website and how it may be costing you money

We all know the sayings.  Time is money, nothing worth doing is easy, let the experts be the experts.  As a business owner, you may have romanticized about the idea of spending all of your time doing what you love.  Spending coffee-filled mornings on the laptop answering emails.  The truth is that there is very little time for coffee or emails; you must wear many different hats in a day, especially when you are running a small business – and unfortunately, none of these hats can be silly.  You are your own marketing, accountant, PR, secretary, account manager, project manager, etc.  This leaves very little time to actually do the thing that got you into starting your own business in the first place!  As business owners, we become obsessed with the need to do everything ourselves, to be able to wear all of those hats proudly and with confidence.  We strive to save money and do a great job all at the same time.

This also becomes a cycle that begins taking more and more time away from the actual “business” part of the business.  It eats into hours of potential productive time while we learn that new role, or try and accomplish a task that someone who is an expert in their field would take a fraction of the time doing.

Sometimes, it’s better to hire someone to wear that hat for us.

We’ve been bombarded with services that offer the “do it yourself website.”  It costs next to nothing and you get a website.  I already talk about treating your website as the biggest marketing tool you have, but beyond this, not hiring a professional website builder to build your business’ website may be costing you some serious money.  Here are some costly mistakes, and how easy it is to make them.

 

1. No Call to Action

It’s simply incredible the amount of websites out there that serve to get potential customers to purchase a product or service without actually asking that potential customer to purchase the product or service.  Not telling a visitor of your website what you would like them to do can leave a customer looking elsewhere when they were ready to make a decision.  On top of this, a large portion of small businesses do not even list their contact information on the front page.  These businesses are turning people away at the door.

 

2.  No Ongoing Support

The best way to avoid costly security breaches is to make sure the website is protected in the first place

Chewie Media has changed our preferred method of building sites to a monthly plan instead of a lump sum in large part because it keeps the websites updated and maintained.  Have you ever visited a site and had the link go to a completely different page or domain?  This is the result of that website being hijacked – and with no trained professional to prevent it, that website is down and inflicting damage on the company’s brand and credibility.  If this hijacked website gets too out of hand, Google may even choose to “de-list” the website, making it difficult to get that website back on search engines without costly emergency support.  The best way to avoid costly security breaches is to make sure the website is protected in the first place.  Preventative care costs a mere fraction of what it would cost to fix once it has happened.

 

3.  Set it and Forget it

Similar to number 2, most businesses have a “set it” and “forget it” mentality to their website.  They get it online, breathe a sigh of relief, and then let it sit for a year.  A stagnant website is a dead website and if visitors never see activity, they are quick to move to the next site which does have activity.  With so much to choose from, they can be as picky as they want.  Which brings us to…

 

4.  Poorly Designed and Developed Websites

A properly designed website can give you the confidence to bite off more than you thought you could chew… and that’s really what we’re about here.

This is a big one.  There are so many websites out there now that it is imperative to at the very least look as good as your competitors, and ideally set yourself apart from competitors.  Website design influences the first feelings a person will ever have about your company *cue warm and fuzzy music*.

This is your storefront.

This is what will inspire confidence in your future customers.

This will set the tone for your entire relationship with them.

Yes it sounds daunting, but it doesn’t have to be.  A properly built and designed website can have you handing out business cards and dropping your domain name with confidence.  A properly designed website can give you the confidence to bite off more than you thought you could chew… and that’s really what we’re about here.

Have some honest friends and colleagues look at your existing site through the lens of a first time customer.  What does your site say about your business?  Does it say what you want it to say?

 

5.  Doing it yourself

Cheap website solutions and do it yourself options are attractive to the checkbook at first, but spending evenings and weekends figuring out how to use whichever special form of “drag and drop” the website service is using and then getting everything to sit just the way you like it can add up quickly.  Time that could have been better spent on the business.  On top of this, every update further adds to this tally.  Unfortunately, all of that hard work still doesn’t hold a candle to websites designed and developed by professional website builders – and if your competition is using one, they are going to be the ones that stand out, not you.

 

6.  No Analytics/No Metrics

How many people visited your site yesterday?  How did they find you?  Where did they find you?  What did they do on your site?

These are import questions that you should be armed with when making changes to your website.  Activity on your site can tell you what pages are popular and effective, as well as what pages may be causing people to leave and why.  Finding out where your customers are coming from can inform your marketing decisions by focusing on certain areas, or even keywords.  This can also help inform if you should run a sale on a specific product.  Say 50% of your customers are coming to your site in search of widgets, you would know that a sale on your most popular widget might increase sales.

It is amazing how many businesses do not have this information.  A properly built website can provide this information and more – making your website begin working for you.

 

7.  No Mobile Optimization

More and more traffic is now being delivered by mobile devices.  38% of our visitors are using smart phones to find us.  Despite this trend, a very large portion of websites, and especially small business websites, do not have the capability to display properly on a phone or tablet.

There are more pitfalls than this for a business looking to build their website, but this is a great start and a good starting point.  As with most things in life, you get back what you put in – put in the effort with your website and it will become your best marketing tool and amazing storefront.

I genuinely care about your web presence and about making it the best it can be.  Leave a message in the comments below if you have any questions, or contact us with your exiting project or questions if you would like to know more about what we can do to make your website exactly what you want it to be

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