business ideas related to or involving Bitcoin

[DrHodler59]

Hello!

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.

Perhaps some of you have cool and exciting ideas that we could discuss, or maybe you've visited an interesting business idea during a trip abroad (e.g., El Salvador, Venezuela, etc.) that could serve as inspiration.

Thank you very much for your responses!

Yours sincerely,

DrHodler59

[coolcoinz]

Some ideas:

Bitcoin collectibles Physical coins (like Casascius), bitcoin art, things like framed 2009 The Times article, t-shirts and other stuff related to bitcoin.
Maybe a business where you print and engrave stuff, including bitcoin logos, people's addresses so that they're visible on people's personal items.

I don't know what your background is. For instance if you're in car detailing, you could make wraps with bitcoin related stuff and place them on people's cars if they want to drive with their wallet QR code on a bumper and such.

I've heard that reselling and refurbishing used mining equipment can pay well, but you have to know how to do it.

[Oshosondy]

Start e-commerce that people can use bitcoin and other cryptocurrencies for paying for what they are ordering for

If you have enough money, you can begin an exchange service

P2P buying and selling of bitcoin is another one that you can go for

You can make any service offer like tell the people that you are accepting bitcoin.

These are the one that comes my mind right now.

[JollyGood]

Bitcoin collectibles Physical coins (like Casascius), bitcoin art, things like framed 2009 The Times article, t-shirts and other stuff related to bitcoin.
Maybe a business where you print and engrave stuff, including bitcoin logos, people's addresses so that they're visible on people's personal items.

If the OP cannot utilise buying/selling via a website your suggestion of collectibles might be a good first step especially for any items that date back to 2009/2010 as they would have a lot of value.

Start e-commerce that people can use bitcoin and other cryptocurrencies for paying for what they are ordering for

Without knowing the background skills the OP possesses it will be difficult to understand what ideas he might be open to but would he really want to rely on other people to create and maintain his websites and have to pay them for their services? Maybe he will feel far more comfortable doing something else on the lines of what what was suggested by coolcoinz because it removes intermediaries but that is for the OP to expand on.

[Hamza2424]

Business ideas with Bitcoin involvement buddy as you know in every business there's always the flow of money between two parties as a payment mode, also you can provide some of the services in Bitcoin similar to that role as a payment mode. Already some of the businesses here locally accepted payment and offered some kind of discounts in Bitcoin.

I'm not sure what kind of business ideas you are asking.

[d5000]

If your idea is a small store/shop as you wrote in the OP:

I don't know where you're located, but many people do not have access to a store selling goods covering basic needs (clothing, grocery articles) with Bitcoin and for a competitive price. Most stores in my country which accept Bitcoin either only offer a limited range of mainly high-priced and imported goods (for example phones), hospitality (hotels/apartments for tourists), or they are demanding a large premium (think of the Amazon resellers).

Entering this niche can be a business idea, but of course you have to research if the market with the goods you're wanting to sell is already saturated. Also research which gift cards are sold in your country via Bitrefill, because gift cards of course compete with physical goods.

Alternatively you could provide gift cards yourself cooperating with businesses which are still not accessible on sites like Bitrefill and could have demand from Bitcoiners.

If the goods you're selling are low-cost, I would also suggest to accept other cryptocurrencies like LTC or XMR, because they are more convenient due to their lower transaction fees.

[batang_bitcoin]

A Bitcoin ATM. I can't remember but a stranger, a real one approached me about it on the web but it's not from here and then talked about it. I know that it requires a capital but he didn't pushed me about that, he's probably just another enthusiasts and this was way back long time ago. I can't date it back on when it was exactly. But for now, I'd agree to him that this is going to be a good business when we start to see that the adoption rate is increasing for Bitcoin. You earn from the cut or commission for every transaction and we all knew about how expensive the fees are but your target markets are the new comers. I have no idea how much it costs to build one.

[Assface16678]

A Bitcoin ATM. I can't remember but a stranger, a real one approached me about it on the web but it's not from here and then talked about it. I know that it requires a capital but he didn't pushed me about that, he's probably just another enthusiasts and this was way back long time ago. I can't date it back on when it was exactly. But for now, I'd agree to him that this is going to be a good business when we start to see that the adoption rate is increasing for Bitcoin. You earn from the cut or commission for every transaction and we all knew about how expensive the fees are but your target markets are the new comers. I have no idea how much it costs to build one.

Hmmm yes bitcoin ATM maybe a good thing or business but not in all area or country, I mean we know that bitcoin is still not being used world wide and only a few population actually use bitcoin or crypto currency, yes maybe many people now knkws about bitcoin but again there are only a few that actually use it, so if you will to be build an bitcoin ATM I think you should know first if it will be useful for many people or if there will be actually using it, I'd say this might be a good suggestion but I think its still too risky and I think its still far to consider this kind of business, but I do think this concept will be a good business but I think not for now, not in this timing, maybe in some future or little more time until bitcoin will be known and used world wide.

[TWOGUYSONEBANK]

I ain't gone over everyone else exciting ideas and probably more adventurous but this is what i got so far.

https://BuyPTCGOnlineLive.Codes

I'm working on a discord bot that allows manually/automatic payment for Bitcoin or Ethereum.

These codes that I have stocked up on are worth anywhere from 10p to £9.99 depending how we go about it.

You can also look here and post here if more interested; https://bitcointalk.org/index.php?topic=5500435.0

[Maus0728]

Any business can be related to bitcoin nowadays, just put it somewhere in your business that you accept bitcoin as a payment and you'd be set for life. Also, it's nice that you're asking for ideas of business that you can start with the help of bitcoin or that's something bitcoin related but you have to remember that what works the best for you might be the thing that you need to work out on because you might think that the idea right now that's recommended to you is good business that you can do but then when you're doing it, you suddenly realize that this isn't it.

[GreatArkansas]

For me, from what I experienced about lacking in the market right now is a Bitcoin payment gateway.
It's a system that will serve as a bridge to business owners to consumers to accept Bitcoin as payments for their businesses.

I believe there are still a few businesses that doing this and as a business, there will be a lot of requirements for selecting a good Bitcoin payment gateway.

[OcTradism]

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.

[Marvell1]

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?

Bitcoin was designed to be a currency so you can only use it as a payment method for your business, and you can't do anything else with it. And if you are looking for business ideas based on bitcoin, the same way children's toy designers rely on superhero movies to create models of Marvell or DC superheroes, you can also take advantage of this idea with bitcoin. It will all depend on your field and expertise as well as the demand in your area, as coolcoinz suggests: physical coins, logos, toys...

For example, in my country, some fashion businesses sell clothes, hats, shoes...all with bitcoin logos or related to cryptocurrency. In addition, there are cafes with spaces and interiors designed with bitcoin logos or images, and Lego bitcoin models are displayed around the cafe...

[Plaguedeath]

I don't think there's other promising business idea except selling merchandises about Bitcoin especially you lack of capital.

If you offer something not related to Bitcoin, the buyers don't care with Bitcoin and they most likely will pay with other payment method.

But, if you sell things about Bitcoin, the buyers most likely Bitcoin enthusiast or interested with Bitcoin, they may likely pay with Bitcoin even though it would cost them more.

[Dunamisx]

Perhaps some of you have cool and exciting ideas that we could discuss, or maybe you've visited an interesting business idea during a trip abroad (e.g., El Salvador, Venezuela, etc.) that could serve as inspiration.

In country like El-Salvador where bitcoin is made a legal tender, you can easily engage on various enterprises that can encourage for the use of bitcoin and this can includes branding on bitcoin logo, use of printable materials like stickers, handbills, fliers, and customized bitcoin materials fir people to buy and resell, one csn make a large production of wny of this items and sell in whole sales, render services ad well that encourage for the acceptance of payment in bitcoin.

[Die_empty]

Banks in my country a restricted from making some amount of payments to customers. Businesses and individuals have a limit they can withdraw or transfer. This limitation is affecting businesses that need to make payments both locally and internationally. I know some importers who are having problems with their international partners because of this problem. Convincing them to accept Bitcoin and providing such services can be profitable.  Having a payment service where the firm can help individuals and businesses make payments using Bitcoin will be a good one. This service can help businesses invade this restriction affecting them negatively.

[Dr.Bitcoin_Strange]

Well, I think first you have to consider the business you can do very well and not just any business you feel like you should do because another person is doing it. There are lots of businesses, ranging from grocery stores, food marts, coffee shops, cyber cafes, clothing shops and other fashion accessory shops, barbing saloons, etc. You have to be decisive about the kind of business you have the skill for and the one you can do passionately. After you have decided the kind of business you want to start, rent a shop and buy your needed goods. Next is to introduce Bitcoin Payment as your second payment option.

[serjent05]

Bitcoin is known as cryptocurrency so it is obvious that to best utilize Bitcoin in a business related activity, one must integrate Bitcoin as payment method.  I bet @OP had already know about this.  If you are thinking about which business can maximize Bitcoin's potential then I think an online store or online platform is the best option since Bitcoin is best for online transactions.

Bitcoin collectibles are also a good option but I think there are lots of option that is much better than that in terms of profit.  You can also create a freelancing platform that can mediate job orders and freelancers and offer them Bitcoin as a mode of payment.

Well, I think first you have to consider the business you can do very well and not just any business you feel like you should do because another person is doing it. There are lots of businesses, ranging from grocery stores, food marts, coffee shops, cyber cafes, clothing shops and other fashion accessory shops, barbing saloons, etc. You have to be decisive about the kind of business you have the skill for and the one you can do passionately. After you have decided the kind of business you want to start, rent a shop and buy your needed goods. Next is to introduce Bitcoin Payment as your second payment option.

Either way, no matter what kind of business @OP is good with it is given that the best to utilize Bitcoin in terms of business establishment is to use it as currency, then it is up to @OP whether he will convert it as the transaction goes or hold it for future profit.

[milewilda]

Well, I think first you have to consider the business you can do very well and not just any business you feel like you should do because another person is doing it. There are lots of businesses, ranging from grocery stores, food marts, coffee shops, cyber cafes, clothing shops and other fashion accessory shops, barbing saloons, etc. You have to be decisive about the kind of business you have the skill for and the one you can do passionately. After you have decided the kind of business you want to start, rent a shop and buy your needed goods. Next is to introduce Bitcoin Payment as your second payment option.

When it comes on having that decision on making up some business then it would really be something that will be needed up for you to think off well or something that will really be that getting in line with your passion and not really just trying out to copy others just because you've seen that they are successful with it just like on what you have said but if we do speak for the sake of Bitcoin or involving Bitcoin into the business then it would really be just that fine because payment options and alternatives could really be that applied. It would really be just that important on how you would really eb choosing up on what business that you would really be gonna tend to build up. Anything could really be that be made with, it is really just that on how you would really be that handling out things specially when running or having a business or investment.

Just make it sure that at the moment that you will really be that trying out to have that integration then check out if Bitcoin or crypto generally is really that allowed or being
recognized into your place and not really having those kind of known issues.

[OcTradism]

When it comes on having that decision on making up some business then it would really be something that will be needed up for you to think off well or something that will really be that getting in line with your passion and not really just trying out to copy others just because you've seen that they are successful with it just like on what you have said but if we do speak for the sake of Bitcoin or involving Bitcoin into the business then it would really be just that fine because payment options and alternatives could really be that applied. It would really be just that important on how you would really eb choosing up on what business that you would really be gonna tend to build up. Anything could really be that be made with, it is really just that on how you would really be that handling out things specially when running or having a business or investment.

When you are considering to add Bitcoin to your business for business treasury and for business payment method list with different options for customers, you have many things to deeply analyze for cost and benefit.

As a business, what will you, as an operator of it, do with bitcoins received from your customers?
Cash it out instantly after receiving.
Sell it to stable coin after receiving.
Store it in your business treasury with a plan of holding.

The third option means your business must have deep budget and don't have need to rotate money and cash out bitcoins received from customers too often. But budget must be available to use for long time, to avoid risk of selling bitcoin in bear market.