ChooseFI

Author-Supported Review Circles

This concept revolves around establishing a community of independent authors who share their works in review circles to gain organic reviews. Authors can collaborate to promote each other's books, providing honest feedback and reviews that help build credibility. This can create a self-sustaining ecosystem where authors support one another, enhancing visibility in their respective genres. Implementation includes creating online forums or groups of authors and using social media for networking. The target audience consists of independent authors looking to boost their visibility without needing to pay for reviews. Tactics could involve using Goodreads groups or Facebook communities.

Community Medium Score: 7.6/10

From: 085 | From Passion to Profit | M.K. Williams

Creating Audiobooks from Self-Published Works

This idea involves creating and distributing audiobooks alongside traditional print and eBook formats as an additional revenue stream. With the increasing popularity of audiobooks, authors can reach audiences who prefer listening to reading. The implementation could involve hiring voice actors or narrating the book oneself, marketing the audiobooks through platforms like Audible and promoting them on social media and through email newsletters. The target audience includes both avid readers and those who prefer consuming literature via audio formats. Specific tactics could include leveraging platforms such as ACX for narration and distribution.

Content Medium Score: 8.2/10

From: 085 | From Passion to Profit | M.K. Williams

Self-Publishing a Novel

The idea is to self-publish a novel by understanding the publishing landscape and effectively choosing the right platforms for maximum reach and profitability. This includes researching various publishing options (like Amazon) to determine the best royalty rates and marketing strategies. Implementation involves writing a novel, choosing a suitable self-publishing platform, understanding the market, and building a marketing plan to promote the book on social media and through author networks. The target audience could be readers interested in the author's genre but also aspiring authors looking for strong, engaging stories. Specific tools may include platforms like Kindle Direct Publishing for eBooks and IngramSpark for print books.

Content Medium Score: 8.0/10

From: 085 | From Passion to Profit | M.K. Williams

Freedom Fund Financial Planning Tool

Entrepreneurs can create a financial planning tool that helps users visualize their net worth in terms of a 'freedom fund,' specifically focusing on assets that contribute toward financial independence rather than liabilities like home equity. This tool could be developed as a mobile app or web application and would allow users to categorize their financial assets, track their progress toward their freedom fund goal, and simulate different investment strategies. By incorporating educational content on financial independence and projections, users can make informed decisions about their finances. Popular platforms for app development like Bubble or Adalo can be utilized to reduce initial investment costs. This addresses the confusion many people have regarding their net worth and assets by simplifying the concept of measuring readiness for financial independence.

SaaS High Score: 7.6/10

From: Zero-Based Everything: FI, Travel, and the Art of Starting Fresh | Katie & Alan Donegan | Ep 559

Travel Stability Community Platform

A community platform could be created to support digital nomads and travelers who face challenges balancing their wandering lifestyle with a need for stability. This platform could offer forums, informational resources, localized advice, and community-driven meetups focusing on popular travel locations for remote workers. It could integrate features for users to share their experiences, tips for finding reliable accommodations, and local amenities. Tools like Mighty Networks can help set up the community aspect easily, while Patreon or subscription services can add monetization. This idea addresses the problems many digital nomads face regarding finding community and resources in new locations, a gap that is not sufficiently filled by existing travel forums.

Community Medium Score: 6.8/10

From: Zero-Based Everything: FI, Travel, and the Art of Starting Fresh | Katie & Alan Donegan | Ep 559

Zero-Based Thinking Course Development

The concept of zero-based thinking can be turned into a business opportunity by developing a comprehensive online course that teaches individuals how to apply this methodology in various aspects of their lives, including finance, career, and personal relationships. The course can include interactive elements like quizzes and case studies, allowing participants to reflect on their current decisions and pivot where necessary. By targeting audiences in self-help, financial independence communities, or corporate training programs, this course can provide a structured approach to decision-making. Tools like Thinkific or Teachable can host the course content, while marketing can leverage platforms such as social media and email newsletters to reach audiences effectively. This idea solves the prevalent problem of individuals feeling 'stuck' in their decisions due to sunk costs, empowering them to make more informed choices.

Content Medium Score: 7.2/10

From: Zero-Based Everything: FI, Travel, and the Art of Starting Fresh | Katie & Alan Donegan | Ep 559

Community-Driven Game Expansion

This business idea centers on creating a digital platform that harnesses community creativity to expand an existing card game, such as COYOTE. The concept is to run regular design competitions where fans and amateur game designers submit ideas for new cards which can then be voted on by the community. The winning designs would be incorporated into subsequent editions or expansion packs of the physical card game. The platform would include submission portals, voting systems, and integration tools that help organizers and game publishers track and implement the best designs, thereby deepening engagement and creating a loyal fan base. Implementation would involve developing a dedicated website or app that supports user-generated content, competition management, and social sharing. Partnerships with board game publishers or creators (like the team behind COYOTE) would lend credibility and ensure that winning entries have a clear path to production. The platform addresses the problem of market stagnation by continuously refreshing game content through community input, keeping the product vibrant and relevant. The target audience includes tabletop game enthusiasts, indie game designers, and digital community members looking to engage creatively with established brands. Tactics like leveraging social media, running periodic themed contests, and featuring user spotlights can drive both user engagement and monetization through sponsorships or premium membership features.

Community Medium Score: 8.0/10

From: Designing an Intentional Life | Tim Ferriss | Ep 558