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At the crux of this discussion is the question of balance. Could a slightly more structured environment attract a broader pool of investors, including those wary of the current risks associated with memecoin trading? Perhaps. The concept is still young and ripe for exploration. However, if implemented thoughtfully, integrating CEX-like features with decentralized memecoin platforms might just strike an ideal symbiosis between fun and security. Let’s see what the future brings for this fascinating crypto niche.
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What I currently do:
Customer service for the site. Managing wholesale accounts. Pay employees and contractors. Keeping track of inventory to reorder from distributors via ach. Creating lists of what to be made for my operator to follow. Come up with new ideas for graphic design before I outsource to a designer and put it on our products. Manage meta ads and newsletter. Pay employees. Make invoices. Social media. Handle chargebacks/disputes fuck scammers.Revenue will be close to 2 million this year. I want to scale my ads more aggressively and focus greater on LTV and getting as many wholesale accounts as possible.
I really have no idea wtf im doing since ive been doing this since college. I dont have much insight into how companies actually work.
What do I need? Im such a small company so I dont really need a dedicated customer service rep at least not yet.
Do I need an operations manager? Are they supposed to handle everything I mentioned? How can I prevent theft? Having them pay for ads via credit cards isnt a big deal bc its already in the account and on autopay they dont need the numbers, all our supplies come from Amazon. Just paying distributors requires ACH which makes me nervous our wholesale accounts also pay thousands via ach. I guess theres no way around me having to monitor the accounts aggressively?
Im not sure what to do. I guess a marketer would be useful too maybe I have phone quality ads but pretty low cpm and high ctr and scalable roas. Anyone have a book on this stuff im actually completely lost I just know how to make good products consumers like.
I didnt even know what an accounts receivable was when I started and I barely know how to interact with clients professionally. Email writing is not my speciality.
I need someone who knows more than me, but won’t fuck me because theyre smarter at the thing im hiring them for. Idk im paranoid. Im just lucky my operator and packer dont steal because I truly have no way of knowing at least not for months or unless it was aggregious.
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I’m using Strike’s Direct Deposit, Pay Rent, and Pay Bills features. 100% of my paychecks will be converted to Bitcoin on Strike. For expenses, I’ll use credit cards with solid rewards (for example Gemini’s 4% Bitcoin cashback or Prime/Chase for Amazon purchases). So in short I am spending USD that are not mine, and instead of paying off my cards every paycheck like I have been doing my whole life, I’ll simply do one payment monthly via Strike’s Pay Bills feature to minimize Bitcoin transfer fees. It won’t eliminate fees entirely but lower them quit a bit, and I’m fine with that. Once I hit a certain amount of Bitcoin on Strike I’ll move my Bitcoin to a cold wallet.
Having 12 payments a year(one a month) via Strike paying off cards, I can use their tax forms to easily fill out taxes. As for income/capital tax, it shouldn’t be much but even so it just means Bitcoin went up and I am beating inflation.
Savings:
I’m converting half my savings to Bitcoin now and the other half over the next 3 months. If this doesn’t work out, I can easily switch my direct deposit back to my bank and convert savings back to USD.Why I’m Doing This:
With Bitcoin hovering around $117-120k, I don’t see it disappearing, and frankly it’s got too much momentum. I’m fed up with my hard earned money losing value and my investments barely outpacing inflation. I’m going 100% into Bitcoin over the next few months. I’ll either sink with the ship or sail to the new world! (lol that was so cheesy).I wouldn’t normally share this info but I have been seeing more interest in doing this exact thing from a lot of people online, some friends, and some family. I hope my journey can help others who are interested and seeing what works and doesn’t.
As always I love the discussion and feedback. What do you think? Any tips or flaws I’m missing?
TLDR Using Strike and a cold wallet lol
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My whole working life I’ve been working my ass off, saving and living a frugal lifestyle. But I was losing hope because the government just inflates and depreciates the value of my savings. After recently educating myself on bitcoin, I find myself more willing to work some overtime or continue my frugal lifestyle to stack more bitcoin. At least I know my money isn’t being devalued. With bitcoin I feel hope that one day I can relax without worry about my money depreciating before my eyes. I see the light at the end of the tunnel now.