In the previous videos I’ve shown you different methods of capitalizing on the bitcoin economy. Today I’m going to give you one trick you can use to earn money with Bitcoin, and earn it fast.
Now this method was originally introduced to me by Roger Ver, one of the leading Bitcoin enthusiasts today. It will allow you get paid for “spreading the word about Bitcoin” so to speak. If you want to see the original post just click on this link.
The method is pretty simple. You’re basically going to purchase starbucks credits at a 20% discount using Bitcoin, and then sell it to Starbucks customers for a profit. Let me explain.
Using an app called “fold” you can purchase Starbucks credits at a 20% discount. So for example, you can get a $10 gift card forStarbucks by paying only $8 in bitcoins. You can then sell that gift card for $9 to someone else.
In the original post Roger even suggests you just sit outside a Starbucks and offer the app with a loaded balance to people walking in. When they ask how did you manage to get the discount you then explain to them about bitcoin.
However, I don’t know if you know this, but there are over 40,000 searches done on Google each month for phrases like “Starbucks coupons” or “Starbucks discounts”. This means that a lot of people are looking for this online and not only when they walk into a Starbucks. so you’re not just limited to sitting outside a coffee shop.
You can open your own website, promote this on your blog or even sell these coupons on Ebay. You can use Fold anonymously and just load up different coupons with bitcoins. After you’re done you can just print out the barcode for the discount and email it to whoever wants to buy it.
One thing to keep in mind though is that according to Fold this method will currently work only in the USA, Canada, Hong Kong, the UK, Australia and Macau. So make sure you’re selling this only to people from these countries.
Also the good thing about this method is that at any given moment you can request a refund for any non used Starbucks credits. This means you’re never in jeopardy of buying credit you won’t be able to sell to someone later on.
So that’s it for today’s lesson. Short and sweet. In our next video I have a real special treat for you so make sure to stay tuned. See you then!
I use fold everyday, and this is a fine idea, but fails to explain exactly how one can transfer a Starbucks balance to someone else.
Can you please turn off all this scripting nonsense on the site, it’s really annoying, having to turn off pop-ups asking me to sign up to a newsletter I’m already signed up to, or the page randomly jumping about when I’m trying to watch the video.
Hey Curt, we don’t have any way of knowing if someone is already subscribed or not so it’s impossible for us at the moment to turn the pop ups off for subscribers. What do you mean regarding the page randomly jumping about? Can you explain some more about this?
It may or may not be connected to the pop-ups, but often the page will jump (usually down here to the comments section) without being asked, and practically always when a video is playing ;^<
Thanks for clarifying. I’ll look into this.
Hi, Is a very good method, but the profit is only $1 when sell a starbucks gift card?
Yes if you sell only one the profit is just $1, but you can try and make a method out of it.