At this time we’re giving freely a bunch of enterprise concepts, and to assist me do it’s Steve Chou.
Steve is a serial entrepreneur who runs:
It’s been 7-8 years since Steve was final on the podcast again on episode 128, so it was lengthy overdue to get him again on!
On this one, we travel brainstorming some concepts that we predict ought to exist on this planet.
Listed here are 17 enterprise concepts we got here up with that you just’re welcome to take without spending a dime and run with!
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1. Coupon Code Website The place the Codes Are Verified and Truly Work
This primary thought is predicated on one thing I personally discover irritating. After I’m buying on-line and I see the “Promo code” field at checkout, I Google “[store name] + coupon code” to search for a reduction code.
Invariably the identical websites all the time present up on the prime of the outcomes, and not one of the codes ever appear to work.
If somebody created a website with codes that had been verified and truly labored, I believe Google would begin to reward that website and rank it nicely.
Steve has seen this downside from the opposite aspect. He will get numerous guests to his e-commerce websites attempting bogus coupons, and truly receives emails from aggravated prospects saying they’re not working.
Steve’s answer was to create his personal coupon web page for his retailer. It ranks #1 when folks seek for coupons, and naturally, the codes really work.
There are instruments that exist already that may assist you discover coupon codes, you’ll be able to strive:
2. Plugin Cleanup Device
Steve defined that while you uninstall a plugin on a CMS like WordPress, some firms deliberately depart some code behind to proceed monitoring stuff in your website.
They do that primarily to assemble information to promote on to different firms or use themselves, and the very last thing you need is extra code loading alongside together with your website.
Steve’s enterprise thought is to create some form of service, software, or a plugin that checks each little bit of code is eliminated when a plugin is uninstalled.
3. Affiliate Website Providing Cheaper Alternate options
We just lately moved and are at the moment furnishing our new home. My spouse is taking a look at shops like Crate and Barrel, Pottery Barn, and West Elm – locations I’d think about higher-end shops.
However we have now younger children, so shopping for costly stuff simply isn’t a good suggestion proper now because it’s simply going to get destroyed.
I need to discover the Wayfair, Goal, or IKEA options to the furnishings my spouse is searching within the higher-end shops.
So, my thought is to create an affiliate website that lists the high-end stuff, and likewise lists one thing that appears comparable and prices quite a bit much less.
I believe this could do nice within the search outcomes. There are a great deal of long-tail phrases round totally different merchandise and comparisons, and it’ll be nice from a consumer expertise.
4. Self-Service Faculty Consulting
The subsequent thought from Steve is to create a self-serving faculty consulting enterprise.
Steve defined that there are consultants that can work together with your children from freshman by means of to their junior 12 months to assist them get into their chosen faculty.
These consultants cost round $12,000/12 months. In order that’s $36,000 for the three years, which isn’t low-cost.
Steve mentioned it might be attainable to create a database that lists all of the courses somebody would want to take so as to get into a selected faculty.
As an alternative of paying $12,000 a 12 months for that one-to-one tuition, mother and father might use this service at hand decide the courses their children want and create their very own plan.
Our buddy Dr. Ryan Grey created an identical service for pre-med college students referred to as Mapp’d.
5. SimilarWeb for Podcasts
If you wish to get a very good estimate of how a lot site visitors an internet site will get you’ll be able to go to SimilarWeb or Ahrefs and get numerous information on a website.
I’d like to see one thing comparable for podcasts. In the intervening time, I don’t know of a website or service that gives this type of granular information on how nicely a podcast is doing.
I get invited onto numerous reveals, which is nice. However I’ve needed to implement my very own vetting course of to get a really feel for if the present goes to stay round, how nicely it’s doing, and so forth.
Steve added that this information would even be worthwhile for sponsors in search of reveals on which to promote.
6. Pep Discuss for Youngsters Service
Steve mentioned one thing I believe will resonate with numerous mother and father, “My children don’t take heed to me, if I inform them one thing it goes in a single ear and out of the opposite,” Steve instructed me.
An answer and enterprise thought Steve shared to fight this downside is a pep discuss service for youths.
Steve mentioned if there was a service that might join people who find themselves consultants or have authority in a selected matter with children by way of Zoom for a chat, he’d use it.
It might even be asynchronous like Cameo.
7. Customized-Fitted Hats
Apparently, I’ve an abnormally small head. So, I’ve a extremely arduous time discovering hats that match nicely.
I’m additionally too outdated for the fitted New Period hats, and too bald for trucker hats with the mesh within the again.
I got here throughout an organization just lately providing custom-fitted jeans. They take your measurements and assure to
make you the best-fitting denims.
This made me assume, I’d completely pay for a service that might make a custom-fitted hat completely designed to suit my head.
8. Volleyball Setting Machine
Steve’s daughter is actually into volleyball, and he typically goes alongside to her follow periods and helps out performing as a setter for her.
Most different sports activities, like baseball and basketball, have a machine that’ll set or serve balls. However so far as Steve is aware of, there isn’t a volleyball setting machine available on the market.
Steve mentioned he’s been in search of one, so he’d be one of many first prospects if somebody executes on this concept.
9. Personalised, Science-Backed Wellness Service
I’ve been utilizing WellnessFX for the final couple of years. This service analyzes your blood check outcomes and over time will observe how modifications in food plan and life-style have an effect on varied biomarkers.
You too can e book a session with one in every of their licensed well being practitioners by means of the location if you wish to take issues to the following degree.
The place WellnessFX stops quick, nevertheless, is the continuing help.
It doesn’t lay out a plan of when to take sure dietary supplements and which life-style modifications will actually assist to optimize your well being on an ongoing foundation.
Steve mentioned that is one thing he would additionally pay for as nicely, however admitted it’s a enterprise that sounds fairly difficult to place collectively.
10. Neighborhood Recycling Service
In Steve’s family, they get by means of numerous glowing water. Steve does recycle the empty cans, however he doesn’t ship them again to get the $0.05 per can because it’s numerous effort.
Steve’s thought is to arrange a neighborhood recycling service, form of like a revenue share on empty can recycling.
You could possibly acquire giant numbers of cans to make sending them to the recycling heart cheaper, then break up the income 50/50 with households that take part.
11. Classpass for Golf
I’ve been taking part in a little bit bit extra golf within the final 12 months, primarily with my dad because it’s change into his retirement interest.
What I’ve observed is that you just don’t see season passes for golf such as you do with snowboarding or another hobbies.
That bought me to questioning whether or not or not it might be attainable to place collectively a bundle of taking part programs and promote that as a package deal.
Steve agreed and preferred the concept. He in contrast it to MoviePass and different subscription fashions which have executed nicely in different niches.
12. Plant Kennel
This concept from Steve is the results of an issue he bumped into just lately. Steve went on trip to Florida, and when he returned a few of his houseplants had died.
After all, you’ll be able to have a buddy pop over to your own home and water your crops when you’re away. However that’s all the time a ache, and never attainable for some folks.
Steve’s thought is to arrange a “plant kennel.” Someplace you’ll be able to drop off your crops (or they’ll decide them up) so another person will take care of them when you’re away.
13. Residence Upkeep Productized Service
With this concept I’m pondering of one-stop looking for pest management, contact up portray, small tasks, gutter clearing, and different varied fixer-up tasks.
If you have already got a handyman enterprise or one thing in that house, I’m certain you possibly can arrange a productized service for owners.
You could possibly even play matchmaker and prepare all the varied tradesmen to return out underneath your personal branding.
Steve is onboard with this concept. He mentioned it’s one thing his mother — who lives alone — would profit from for certain.
14. Equitable Social Sharing
Social indicators are necessary for serving to get traction with content material on-line.
It’s frequent to ask pals to assist out by sharing stuff, but it surely’s arduous to maintain observe of who’s serving to out and the way a lot they’re doing.
Steve’s thought is to create some form of platform or software program that retains observe of who’s sharing content material on social media, and the way a lot they’re giving in comparison with how a lot they’re taking.
Basically it’s an equitable social sharing software that ensures everyone seems to be taking part in honest.
15. Reverse Job Board
The way it works is that as an alternative of responding to job postings, candidates put up an inventory of their ideally suited job together with their expertise and what they’ll provide an organization.
This permits firms to doubtlessly lower your expenses on recruitment prices whereas having a central database to filter and browse candidates based mostly on their expertise and needs.
16. Apocalypse Advisor
Steve defined that his spouse has been a bit paranoid about dangerous stuff taking place because the pandemic began.
They’ve been shopping for up emergency meals and provides in case of one other pandemic-style occasion, however discover some objects tough to get.
Steve mentioned he’d pay for a prepping or “apocalypse marketing consultant”. Somebody to advise him on precisely what provides he would want to make sure he’s ready for the eventualities he and his spouse fear about.
17. Fractional Possession of Money Flowing Companies
The final enterprise thought is one other one from Kern.al and it’s for Fractional Ownership Of Cash Flowing Businesses Without The Work.
This platform is designed to take a few of the threat out of shopping for a enterprise whereas additionally making it simpler for companies to lift the funds by promoting fractional stakes in a enterprise.
This can be a downside that’s been solved with actual property and is in fact much like how the inventory market works.
However to my information, it’s not but been applied for the acquisition of native companies.
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