I wanted to ask if any of you have any ideas/thought inspirations for potential business ideas (own small store/shop) related to or involving Bitcoin?
I'm aware that I could simply offer Bitcoin as a payment alternative... Of course, I would do that as well, but I'm looking for something with a bit more connection to Bitcoin.
You have to consider many things from both sides for a business operator, entrepreneur and customers.
Accepting Bitcoin will bring advantage and disadvantage. As a business operator, you must consider some things like.
How the customer payments in bitcoin, to your business wallet, will be stored. It relates to security of your business fund, treasury that must be secured and safe.
What will you do with customer payments? Do you store it as your business investment in Bitcoin or will you have to sell it to get money for your business operation?
It decides your plan to hold your bitcoin from customer payments or sell it immediately after receiving.
Marketing, how do you attract customers to your business and convince them to use bitcoin as payment method?
If you have to do discount for them, it can affect your business budget, net ROI.
As customers, they have to think of extra on chain transaction fee if they use Bitcoin blockchain as payment method. They will have to ask whether your business take care of their on chain transaction fee.
Customers will not be ready to pay extra fee.
Lightning Network can be a good choice for business with not big transactions from customers.