Do you want learn some multiple Hive business opportunities to convert yourself in a business owner? Almost everyone wants to be one day a business owner. That is that way because being an owner represent that you made it, you have (usually) a good economic situation and you are your own boss.
Image from Pixabay
However, beyond that desire a few persons give the first step to do it. The reason? That is not an easy task to do. The pressure is high and the risk are very threatening. A bad decision or a bad season can drive you to debts or bankruptcy. But like an iconic phrase from Blood In Blood Out movie:
LA VIDA ES UN RIESGO, CARNAL
Life is a risk, pal
In today article I want to share with you some ideas of business that can you develop taking advantage of the Hive characteristics. Let’s begin the Hive business opportunities recount!
My own small business
Now I will ask from my own experience about a business opportunity in Hive that you can replicate easily. Is about an exchange or remittance entrepreneurship. The user base is already created and you can find them in your favorites communities.
You can be the hub for your locals and conational hivers where they exchange they Hive and HBDs for the local currency.
That is what I did with @canje. For the moment CANJE allow my fellows countrymen to easily convert his well earned rewards in Hive to the local coin (cuban peso). If you wonder, there is no need of programming skills.
In my case, I use two ways to make an exchange. In first place I stablished the direct transfer in Hive using the memo functionality. The client sends me the amount they want swap and in the memo they write the number of debit card where they want to receive their money. This method allows doing all the process without need of get out of Hive.
The second way is a simple telegram bot. Of course I will like in the future have a more sophisticated tool (web or app) but this do the job. In this case the clients start the bot and select one of the choices available and follows the instructions of the bot.
I have too a channel and group in Telegram for support purposes. The exchange rate is actualized and informed in all the social networks of CANJE and in the bot.
Of course this kind of business opportunity in Hive highly depends on your own capacity of process the incoming transactions.
If you decide go ahead with this remittance or exchange project, you can incorporate other options like:
- Service payments (they send you $hive or $hbd and you pay with FIAT the service required).
- FIAT to HBD or Hive (you sell back the coins you exchange).
The blockchain transparency guarantee the process and avoid possible attends of scam you. The fact is that if is no write in the blockchain then don’t happened, so you secure that way the client truly sends the coins.
Other business opportunities in Hive
Image from the community of hive Stock Images made by @quantumg
As you know the entrepreneurships options are just limited by our imagination and capacity and in Hive is the same. Maybe you are thinking in a business case that I never will imagine.
However, I will mention you some cases that already I conceive and just require the desire to do it.
Loans
You can start giving loans to hivers around the world. You accept Hive as collateral and give a loan in HBD to your clients or on contrary you receive HBD and give the loan in Hive Power delegation. You can define the rules of functioning of the process but here go a though:
- You receive 100 HBD and gives a loan for 285 Hive Power with an interest of 4% for a year and you put the 100 HBD in savings. After a year if you don’t receive a 11,4 Hive payment to cover the interest you retire the Hive Power delegation and send back the HBD minus the interest debt. In any case you will be earning a 24% over the amount you loan.
Use the savings
If you are in Hive, then you may have notice the 20% interest that provide HBD Savings. So this idea is take advantage of this. Of course you have to read and calculate very well all the numbers to secure that the math match.
Ask for a loan, you can take a traditional one with FIAT or one where you give Hive and get HBD. The goal is take a loan where the interest rate be less than 15%, because you will be using the 20% interest of HBD Savings. While lower the better.
Example, if you have a loan of 1000 USD and have to pay a ten percent of interest after a year you will have a 100 (minus the exchanges fees) dollars profit. While more you ask in the loan more you will earn.
However, this have a multiples risks:
- Depend on the type of loan you ask the interest rate can go up and make unprofitable the system.
- The HBD can go in a negative depeg versus the dollar and eat your profits.
- If you don’t calculate well the exchange rates (FIAT to crypto, crypto to FIAT) can erase your profits.
Of course, there is more business opportunities in Hive, but this are the simplest to do and none require programming skills to do it. Even one of them don’t require having money save to develop it.
Risk always will be existing on any business in or out Hive, these scenarios that I write today are one of the less risky you will ever find. The decision of do it or not depends on you and your goals.
Now tell me, have you already think about this business opportunities in Hive? What another idea you have about entrepreneurship related with Hive? I will be waiting for your opinion.
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