Rich Habits Podcast

by Austin Hankwitz and Robert Croak

10 Episodes Tracked

10 Ideas Found

93 Reach Score

Latest Business Ideas

Affordable Mobile Car Wash Franchise

Market Gap: Consumers struggle to find affordable and convenient car wash services.

Launching an affordable mobile car wash franchise business could cater to consumers seeking convenience and cost-effective services. This franchise model would focus on providing quality mobile car wash services directly to customers at their homes or workplaces. The business could leverage technology for scheduling, payments, and customer feedback to enhance the experience. This model not only addresses the consumer's need for convenience but also capitalizes on the existing demand for affordable car care solutions. As discussed in the episode, the importance of customer experience and the potential for growth in the car wash industry makes this a viable business opportunity.

Type: Service Difficulty: Medium Score: 7.4/10

From: Nvidia Investing $100B Into OpenAI, Starbucks Closing 400 Locations & Amazon's $2.5B Fine For Tricking Prime Members

AI-Powered Subscription Management Platform

Market Gap: Consumers are misled by complicated subscription cancellation processes.

An AI-powered subscription management platform could address the growing concerns around complicated subscription services. This platform would employ intelligent algorithms to analyze a user's subscription habits, providing insights on usage, costs, and potential savings. It could include features for easy cancellation of unwanted subscriptions and notifications for renewal reminders. Targeting consumers who frequently use subscription services, this platform could revolutionize how users manage their subscriptions, providing a much-needed solution to the frustrations commonly associated with them. Similar to the discussions around Amazon's recent penalty for misleading practices, this platform could promote ethical subscription practices.

Type: SaaS Difficulty: Medium Score: 7.8/10

From: Nvidia Investing $100B Into OpenAI, Starbucks Closing 400 Locations & Amazon's $2.5B Fine For Tricking Prime Members

Direct Stock Donation Platform

Market Gap: Donors face tax implications when selling stock before donation.

A platform that allows users to donate stocks directly to charities without selling them first can revolutionize charitable giving. This idea leverages the existing infrastructure of stock donation services, such as donatestock.com, which offers a seamless way for donors to bypass selling their assets and incurring taxes. The target audience includes affluent individuals and organizations looking to make impactful donations while maximizing their financial benefits. By showcasing the real-time impact of donations, this platform can enhance donor engagement and trust, making philanthropy more appealing.

Type: Platform Difficulty: Medium Score: 7.8/10

From: Q&A: Donating $8M, Borrowing $36K For A “Career Start” Loan & $6M In Single Stocks

Automated Investment Tool for Savings

Market Gap: Investors struggle with making consistent investments from small savings.

This business idea proposes developing an automated investment tool that helps users consistently invest their savings into a diversified portfolio. The tool would allow users to set up rules for automatic investments based on their savings goals, such as rounding up purchases or setting aside a specific percentage of their income. Users could choose to invest in ETFs, stocks, or other assets, with options for risk assessments. The target audience would include young professionals and millennials who are keen on investing but need a simple, automated system to facilitate their contributions. The platform could also offer educational resources to help users understand their investment choices better.

Type: SaaS Difficulty: Medium Score: 7.5/10

From: 136: The Easiest $678K You’ll Ever Make

Subscription Audit App

Market Gap: Consumers unknowingly waste money on unused subscriptions.

This idea proposes developing a mobile app that streamlines the subscription audit process for users. The app would automatically pull transaction data from users' bank and credit card statements, identify recurring payments, and categorize subscriptions. Users could receive alerts for unused subscriptions, and the app could provide a dollar-per-use analysis to help users evaluate the worth of each subscription. Additionally, the app could offer recommendations on how to negotiate better rates or find alternatives for frequently used services. Target users would include millennials and Gen Z consumers who rely heavily on subscription services and are increasingly aware of their financial health. With the growing subscription economy, this app could provide significant savings and financial control for users.

Type: SaaS Difficulty: Medium Score: 7.0/10

From: 136: The Easiest $678K You’ll Ever Make

Automated Investment Portfolio Construction Tool

Market Gap: Investors lack guidance on effective portfolio diversification.

The concept centers around developing an automated investment portfolio construction tool that assists users in building diversified investment portfolios. This tool would employ algorithms that take into account user-defined parameters, such as risk tolerance, investment horizon, and market conditions, to recommend optimal asset allocations. By simplifying the portfolio construction process, the tool aims to make investing accessible to a broader audience, including those who may feel intimidated by traditional investment strategies. With the rise of fintech solutions and a growing emphasis on personal finance education, this tool could attract a significant user base looking to enhance their investment strategies. The tool could be integrated with existing trading platforms, allowing users to execute their investment strategies seamlessly.

Type: SaaS Difficulty: High Score: 7.4/10

From: Special Guest: Bilal Little, Nvidia Invests $5B into Intel, & Fed Rate Cut Reactions

ETF for Multi-Asset Crypto Investments

Market Gap: Investors struggle with managing multiple crypto assets.

The idea is to create a multi-asset crypto ETF that consolidates various cryptocurrencies into a single investment product. This product would be designed for both retail and institutional investors who are interested in diversifying their crypto investments but are daunted by the complexities of managing multiple individual assets. The ETF would provide a simpler way for investors to gain exposure to the overall crypto market, potentially increasing adoption among those who are hesitant to enter the space due to its fragmented nature. This approach caters to a growing market for crypto investment products, especially as regulatory frameworks begin to solidify. Companies like Grayscale are already exploring this avenue, and with the recent approval of similar ETFs, this idea could meet a significant market need.

Type: SaaS Difficulty: High Score: 7.6/10

From: Special Guest: Bilal Little, Nvidia Invests $5B into Intel, & Fed Rate Cut Reactions

Local Bookkeeping Client Acquisition Service

Market Gap: Freelance accountants struggle to find clients quickly.

This business idea focuses on creating a service that helps freelance accountants acquire clients quickly and efficiently. By leveraging local online platforms such as Facebook groups and neighborhood forums, the service can provide targeted advertising solutions that connect accountants with small business owners looking for bookkeeping help. The service could involve creating ad templates, providing guidance on how to engage with potential clients, and even a subscription model for ongoing lead generation. This would help accountants save time and effort while ensuring a steady flow of clients.

Type: Service Difficulty: Low Score: 7.2/10

From: Q&A: Feeling Squeezed, Gambling on Canadian Real Estate, & Off-Market Deals

Off-Market Real Estate Deal Networking Platform

Market Gap: Real estate investors lack access to off-market deals.

This idea proposes the creation of a dedicated networking platform for real estate investors focused on off-market deals. The platform would facilitate connections between buyers and sellers before properties reach the MLS, allowing investors to access exclusive listings. Features could include local meetups, a directory of real estate professionals, discussion forums, and listing services for off-market properties. By fostering a community of investors, this platform could streamline the process of finding and securing profitable deals while reducing competition and increasing opportunities for both seasoned and novice investors.

Type: Platform Difficulty: Medium Score: 7.4/10

From: Q&A: Feeling Squeezed, Gambling on Canadian Real Estate, & Off-Market Deals

Customer Sourcing Engine for Startups

Market Gap: Startups often struggle to find their target customers effectively.

The business idea is to create a Customer Sourcing Engine that uses advanced algorithms to identify high-quality customer leads for startups. This platform would analyze various data sources to match startups with potential customers based on their product offerings and target demographics. By leveraging data science, this tool would enable startups to focus their marketing efforts on the most promising leads, improving conversion rates and accelerating growth. The target audience includes early-stage startups and venture capital firms looking to enhance the success rates of their portfolio companies. This tool could be integrated into existing marketing platforms or offered as a standalone solution.

Type: SaaS Difficulty: Medium Score: 7.0/10

From: 135: How To Invest In The Next Billion Dollar Startup w/ Colin West

View All Ideas from Rich Habits Podcast