Build Your Business On Hive

in LeoFinance2 years ago

Hive is a place that offers anyone the opportunity of a lifetime.

Have you ever wanted to start your own business yet never could? Were you drawn to the idea of doing something online as a way to earn extra income? Perhaps you desired working towards making something like this your full time job.

This is where we see Hive offering so much to people. If we step back and look at it, Hive's future is going to come from business builders.

For a while now, we stated that everyone on Hive is a business. This is a great deal more than playing some games or social media. Through tokenization, anyone can partake in an emerging economy. The monetization aspect of things is vital to consider. Like any business, we have to start at the beginning and work our way from there. However, over time, we can generate some amazing output.

So let us look at some of the benefits Hive offers.

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Account Management System

Hive as a built in account management system that removes the entire burden from any individual project. At the base layer, accounts are set up and managed by the node system. There is no need for a network administrator to do this.

When someone logs in, this is not usually done at the application level. Sure, the log in is but the access takes place on the blockchain. An extension such as Keychain provides the user access without any responsibility to the application or game.

This is a radical idea. Most online business require resources for the password management system. Not with Hive.

Decentralized Permissionless Database

Like most blockchains, Hive uses distributed ledger technology. This is immutable data posted on-chain that cannot be altered. For the majority of blockchains, this is simply financial transactions, creating a ledger similar to those of banks.

However, with Hive, we have the ability to store text. This means anyone can approach Hive and utilize the infrastructure for this purpose.

The cost to interact is only dependent upon the amount of Resource Credits one has. The actual storage is paid out of the $HIVE inflation. Those who run the blockchain are incentivized to maintain the ledger for all other users.

This is in stark contrast to companies that have to rent server space from Amazon. How often do we see a project such as Wikipedia asking for donation to help out with the costs? After this time, we can only imagine the size of the database that outfit is hosting.

Hive offers this to any individual at no cost. Sure, there is an investment in $HIVE required to be able to engage. Yet that not a cost. Over time, the value of the coin should appreciate as the activity on-chain increases. Those who are seeking to place their businesses here are able to help drive demand.

We see projects such as LeoGlossary and Podping using Hive in this exact manner.

A Built-In Cooperative

Hive is a cooperative. Each wallet that is holding $HIVE is incentivized to push things towards success. As the value of the entire ecosystem grows, we should see this eventually translate over to the coin.

This means we have a bunch of motivated people who are there to support what one is doing. How many start up initiatives has a built in user base. Anything that is tied to Hive is subject to have members of the ecosystem participate.

By building on Hive, one is instantly incorporated into the entire ecosystem. Many people will support the efforts simply because they see the benefits overall. Here is the idea of "one hand washing the other" comes into place. At present, it is not a concept that most have grasped fully yet it is spreading.

In short, each of us has reason to want all projects on Hive to succeed. It does not take advancement mathematical skills to figure out how a couple hundred highly successful games and applications on Hive would translate into greater value for every coin holder.

Easy Start Up

The best part of all this is the start up begins with getting a Hive account. Here is where an entirely new world can open up. One can immediately begin to engage in social media activities and get rewarded in different coins and tokens.

This is the onset of online monetization.

Regardless what the amount, as soon as one receives some type of financial reward for his or her activities, we are seeing a business form. This is the mindset everyone should have.

Hive needs business builders. If we have this view of ourselves, we can see the entrepreneurial spirit starting to arise. One of the keys to human advancement is innovation. As more individuals get on board with this process, ideas will flow. Some will follow these to create something very powerful.

Of course, understanding the circular nature of things, this helps each person who is involved with and holding any amount of Hive Power.

Everyone would be well served to start thinking of ways to build their businesses on Hive. In fact, a better way of looking at it is to incorporate the idea that Hive is your business.

From there, a lot can happen once we embrace this radically different outlook.

Historically, it is always the entrepreneurs who drove economies forward. It is the same with this ecosystem. These are the individuals who are going to drive the Hive economy to greater heights.


If you found this article informative, please give an upvote and rehive.

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I will definitely be linking this post to posts and comments that concern online business benefits of using Hive to build or even expand business.
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Thank you. Glad you found it helpful.

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Historically, it is always the entrepreneurs who drove economies forward. It is the same with this ecosystem. These are the individuals who are going to drive the Hive economy to greater heights.

Everyone here, as an individual who has joined here, is the entrepreneur himself. So, after creating an account, each person must pay attention to the consistency of their involvement efforts. Of course, in all engagement opportunities, "engagement" is what will drive the hive economy to a higher level.

This article is very informative and capital as a basis to explain it to people who have not yet joined here.

Thanks for this quality article, @taskmaster4450.

Entrepreneurs or creators figuring out they're businesses from day one on Hive will be a big shift in perspective. The Web 3.0 era will make it easier to start and build a business. It's also more financially rewarding when compared to the the Web 2.0 era.

It is said that artists and creators will be the driving force of Web 3.0 and Hive happens to provide the best tools to do that.

You are right. Web 3.0 offers so much potential. We will see where it all goes but the foundation is being laid.

Hive is going to truly be a major part of this.

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Indeed. Now we have to tap into our creative minds to utilize this potential and achieve some of our wildest dreams.

The Hive mind is a powerful thing.

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Hive needs business builders. If we have this vision of ourselves, we can see how entrepreneurship begins to emerge. One of the keys to human advancement is innovation.

I have never seen Hive this way, I just create content, excellent information for those of us who have a hard time understanding many of the advantages of Hive.

hive is big business, there is no doubt, and our investment in hive is just our time , i love hive business boom boom hive

Hopefully getting bigger.

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yes inshah Allah

It didn't take long for me to realize am building my business on Hive. When dealing with a platform with opportunities like Hive and start-up is close to zero, it is worth putting in the effort and build like a business in the physical world.

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Yes. You appear to have seen the light quickly.

I hope others follow suit.

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Hive needs business builders. If we have this view of ourselves, we can see the entrepreneurial spirit starting to arise

Spot on

Thank you.

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I never thought of hive as business. It's an investment for me
.. But I do realize both are connected. Glad to be here.

You can influence your investment by growing your business.

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I'm trying to. In fact, I wanted to improve but just didn't know how. but maybe I'll spend even more time here and enjoy and be me

My experience in hive change my style technique like a business.

But this post brings a lot of meaning to what I've only had a little understanding about.

Thanks so much.

Hive is indeed the perfect place to build up a business offering support for a startup. I always wanted to start something here and I simply need to push to make that happen. I want to start small and build up from there, let's see if I can begin something this year.

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You have already started. The time you spend here garnered you a following along with a "reputation". Everything you did thus far helps you to stand out.

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as stated we need business builders. The tech is here, people are here we need to build more successful Daps and attract more and more people!

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More DApps = more users = more developers building DApps.

A nice feedback loop.

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Hive is Already A GREAT Business Model only thing is rest of World is Not Aware yet and as Long as we are developing and building More it will be easy for individuals to Accept it.

I am not sure I would call it a business model since we are designing them. It does, in my opinion, offer more options for creativity and allowing entrepreneurs to start their businesses.

We can start with a simple comment and grow things from there.

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Elon Musk should read this post too. The only thing missing here seems to me only a music sharing platform. once there was the Dsound project, but then it was no longer developed.

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Why should Elon read this?

He is not concerned with decentralization or any of the crypto values we discuss. The Everything App is going to be something really big, full of compliance and regulation adherance.

That is how he operates.

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you are right! maybe not thought well before speaking, I had too much faith in Elon. hahaha

I treat it somewhat like a hustle or side business. It has a decent chance of succeeding and I am treating it as an investment in time and effort.

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A good viewpoint. Start where you are at and go form there.

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Talking my language. Hivers have a tremendous opportunity, that is perhaps underutilized due to not embracing the entirety of what it has to offer. Time to expand the perspective... business models are adjusting. The removal of overheads is massive... but many have perhaps never owned a legacy business. Those who have, see the tremendous value on offer...

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Yeah and it all feeds into the same trough. The incredible thing is that if, for example, hundreds do things to make Leofinance very powerful (and valuable), then everyone with the token benefits.

The same is true for Hive.

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Thank you for this timely eye opening post about hive for business builders. It is time we hivers have a different concept and make business of a life time out of this blockchain call hive.

The best part of all this is the start up begins with getting a Hive account. Here is where an entirely new world can open up. One can immediately begin to engage in social media activities and get rewarded in different coins and tokens.

Exactly - and by letting that small amount grow, anyone could in theory make their fortune on Hive. Even if they are unable to invest past actually getting their Hive account.

How many businesses can say that?

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Be sure to use Hive Glossary terms in your posts. This can help to educate people further about Hive.

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The capacity of the Hive blockchain is indeed very enormous. It is therefore incumbent on web3 enthusiasts to leverage Hive for good.

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