My First Million
by Hubspot Media
Latest Business Ideas
Innovative Merchandise Subscription Box
Market Gap: Sports teams miss out on merchandise revenue from casual fans.
Launch a subscription box service that delivers exclusive merchandise to fans of sports teams on a monthly basis. Each box could include unique items such as limited edition apparel, collectibles, and fan experiences. This service would cater to both loyal fans and casual supporters, providing them with a way to engage with the team year-round. Inspired by the Savannah Bananas' success in merchandise sales, this idea capitalizes on the trend of subscription services while fostering a deeper connection between teams and their fans.
From: He turned a broke team into a billion dollars
Fan Engagement Analytics Platform for Sports Teams
Market Gap: Sports teams struggle to retain fan engagement during games.
Develop a platform that utilizes AI and analytics to monitor fan engagement in real-time during sports events. By analyzing security footage and other data sources, this platform will provide actionable insights to teams about when and why fans lose interest. Teams can use this data to adjust their in-game strategies, enhance fan experiences, and ultimately boost attendance and revenue. This idea is inspired by Jesse Cole's practices with the Savannah Bananas, who innovatively monitored fan engagement to keep the atmosphere lively and exciting.
From: He turned a broke team into a billion dollars
Fan Experience Optimization Service
Market Gap: Sports teams fail to optimize the fan experience, leading to dissatisfaction.
Create a consulting service that collaborates with sports teams to analyze and optimize every aspect of the fan experience. This service would focus on areas such as pricing transparency, in-game entertainment, and overall event enjoyment. By utilizing data analysis and customer feedback, the service could help teams implement changes that lead to better fan retention and increased revenue. This idea draws from Jesse Cole's commitment to making the Savannah Bananas an enjoyable experience for every fan, paying attention to detail and feedback.
From: He turned a broke team into a billion dollars
Shopify Theme Creation Service
Market Gap: Designers struggle to monetize their skills effectively.
This business idea involves creating and selling Shopify themes, which allows designers to capitalize on their skills in a more scalable way. By building and marketing unique themes for the Shopify platform, designers can reach a larger audience and generate recurring revenue as more businesses seek to enhance their online storefronts. The implementation can be straightforward: after creating a portfolio of themes, the designer can set up an online store or utilize existing marketplaces to sell their products. This model not only addresses the issue of limited income but also aligns with the shift towards e-commerce, as more businesses seek to establish an online presence.
From: 10 Years of Money Wisdom in Under 15 Minutes
In-Ground Trampoline Installation Service
Market Gap: Parents struggle with managing traditional trampolines in their yards.
The in-ground trampoline installation business provides a service that focuses on digging out spaces for trampolines and ensuring proper installation. By partnering with e-commerce brands that sell trampolines, this service can gain leads and provide a seamless customer experience. This business offers an opportunity to tap into the growing demand for backyard entertainment options that prioritize safety and aesthetics. Through effective marketing and leveraging social media, this business could attract families interested in creating safe, fun outdoor spaces for their children.
From: The Side Hustle King: 11 Easy Businesses Anyone Can Start
Seasonal Porch Decoration Business
Market Gap: Homeowners struggle to create seasonal decorations for their porches.
The seasonal porch decoration business involves providing decoration services for various holidays and seasons, starting with a focus on pumpkins in the fall. Customers can hire decorators to transform their porches for different occasions, such as Halloween or Christmas, at a premium price. The service can be marketed through social media, particularly by showcasing before-and-after transformations through videos and photos. With the potential for upselling removal services and additional decorations, this business can be highly profitable, especially in suburban areas where home aesthetics are valued.
From: The Side Hustle King: 11 Easy Businesses Anyone Can Start
Backyard Sport Court Installation Service
Market Gap: Homeowners want fun outdoor spaces but face high installation costs.
This business focuses on installing multi-purpose sport courts in residential backyards, transforming spaces for recreational use. Leveraging subcontractors for concrete work and installation can significantly lower the costs compared to traditional pool installations, making it an appealing option for families. Marketing can be achieved through social media, showcasing completed installations and customer testimonials. As homeowners become more interested in outdoor activities, the demand for sport courts is expected to grow, making this a lucrative venture.
From: The Side Hustle King: 11 Easy Businesses Anyone Can Start
Distressed Asset Auction Platform
Market Gap: Investors face challenges in accessing distressed asset auctions.
This business idea centers around creating a dedicated online auction platform for distressed assets, connecting sellers (such as bankrupt companies) with potential buyers. The platform would streamline the auction process, providing detailed information and evaluations of the assets being sold. Investors would benefit from transparency, clear bidding processes, and a user-friendly interface. The target audience includes individual investors and small firms interested in purchasing distressed assets at competitive prices. The platform could generate revenue through transaction fees or listing fees for sellers.
From: How To Turn $100K into $4,000,000 with Distressed Investing
Distress Investing Educational Platform
Market Gap: Investors lack knowledge about the distressed investing landscape.
The idea involves creating an online educational platform focused on distressed investing, providing courses, webinars, and resources that help individuals understand the complexities of this investment strategy. This platform could include legal insights, investment case studies, and strategies for evaluating distressed assets. Community features could also be integrated, allowing members to share experiences and insights. Targeting novice investors and those interested in expanding their knowledge in alternative investment strategies, this platform could monetize through subscription fees or course purchases, ultimately helping investors make informed decisions.
From: How To Turn $100K into $4,000,000 with Distressed Investing
Distressed Crypto Claims Trading Platform
Market Gap: Investors miss opportunities to profit from distressed crypto claims.
The business idea is to create a trading platform specifically for distressed crypto claims, allowing individuals and small investors to buy and sell claims from bankrupt crypto exchanges. This platform could facilitate the trading of claims at fair market rates, providing liquidity to a currently illiquid market. Similar to how distressed assets are traded in traditional finance, this platform would help educate users on the legal aspects and potential recovery values of their claims, thereby democratizing access to distressed investing opportunities in the crypto space. The target audience includes individual investors who are holders of claims from bankrupt crypto firms, as well as smaller investment firms looking to capitalize on undervalued assets.
From: How To Turn $100K into $4,000,000 with Distressed Investing
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