1. Mobile Sneaker Resale Marketplace
There's a ton of sneaker enthusiasts that buy and sell used baskets. These are typically limited edition sneakers that brands like Nike limit supply.
People stand in long lines to buy them for hundreds of dollars and sell them on say eBay for thousands of dollars (see You See Sneakers, These Guys See Hundreds Of Millions In Resale Profit).
Create
a niche mobile marketplace where sellers can just snap a photo and list
sneakers for sale, and buyers can purchase with 1-click. Make it super
simple for sellers (and steal them from eBay) by removing all friction -
take care of shipping, returns, everything. Keep 20% of the
transaction. If the power sellers come, they'll bring their buyers
along, and you have the flywheel going.
If
you're a sneaker enthusiast or have access to one and can acquire
sellers and buyers cheaply, this would be a good idea for you. It's a
small, niche ("only" $1B) market so you won't have too much competition.
2. Etsy for high end Indian Jewelry
There's
a ton of custom Indian jewelry designers. Some are based in US, many
are based in India. They create high end jewelry -- with prices ranging
from $1000 to $500,000+ -- that they exclusively sell to the wealthy in
US. Today, they personally carry their creations to wealthy homes and
sell there. Think mini garage sales.
Create a
vetted marketplace where these guys can sell to the wealthy. You'll have
to hand verify every buyer (net worth > $1M for example) and every
seller. Start by getting sellers on board and go after the buyers.
Remove all friction - provide a white glove service and take care of
everything for them. Keep 20% of the transaction.
If you have access to these custom jewelers (you know who you are) or access to millionaires, this could be a good idea for you.
3. Personal Google Shopping Express
People
are always window shopping. Some times, they like something buy can't
buy it because of logistics issues (won't fit in the car, not sure about
customs, etc.). Especially during internal vacations: say you go to
Thailand, love that large painting, but can't buy it because carrying it
back is a pain.
Create a simple mobile
experience where user can just take a photo of an item and someone
magically buys it and delivers to them when they want. A global "Google
Shopping Express" that magically delivers exactly what you wanted from
where you saw it; and takes care of all the customs and other
transaction pain points. Keep 10% of transaction. This is mostly for
wealthy people who travel a lot and collect things.
On the fulfillment side, access to la main d'oeuvre
in tourist destinations is there, and there's plenty of international
shipping services that take care of shipping and customs. Access to
millionaire tourists is key for this.
4. Kayak for Cruises
Did
you know that Cruise travel agents keep 70%-80% of the bookings? This
space is decades behind the mainstream travel industry and full of inefficiencies. High barrier to entry, but if you can break in and create a compelling experience for buyers, this could be a huge business.
If you have inroads into the cruise booking industry, this could be a good idea.
5. Cross Border E-Commerce
Cross
Border E-Commerce is an emerging space. Payments are becoming faster
and easier; and shipping is becoming faster and cheaper as well. We know
that US imports many things from China. Did you know that China is crazy about American cherries?
If you dig into this space, there's probably many opportunities to
match supply and demand and make a profit even without building a
product - just by levering global marketplaces like Etsy.
If you have international connections and have the appetite for e-commerce, this could be a good idea.
6. Vertical "White Glow" E-Commerce
The
buying experience for things like TV, Fridge, Appliances, etc. is
pretty painful today. It takes weeks to understand the latest tech,
identify options, research prices, and make the purchase. It's painful,
grueling, and doesn't need to be that way.
Create
vertical services that include a concierge and full white glow. It
starts with a phone call where I specify my needs and desires, and it
then sends me all the options with all the details. Once I select an
option, it goes off and finds the best price possible, brings home and
installs it. I am happy to pay $100, even $200 for such as service.
If you have e-commerce experience and access, this could be a good idea.
7. A better Tax Preparation Service
Preparing
taxes is painful. Even if yours isn't complex, it takes 1-2 days, even
more, to collect everything and use that tax prep software to file your
taxes. And it's not cheap. If you add up your hourly rate and the
software price, it runs into hundreds of dollars. If you have a small
business, it gets even more complicated.
A lot
of time is spent just looking for paperwork. It arrives all year round,
and even if you're disciplined about storing it, you end up scrambling
for the paperwork in the last minute.
Crete a
"tax as a service" where throughout the year you just scan all tax
papers as they arrive, and a certified CPA is "watching" them and
automatically filing your taxes. They watch, warn you in advance if
something looks odd, and give you personalized tips to save taxes. Come
April 15, they just send a happy email saying you're all good and
nothing to worry. Imagine Gusto for personal taxes. They've nailed the SMB payroll experience.
If you're an entrepreneurial CPA you could seed this with yourself and your clients and add more supply as it scales.
Aucun commentaire:
Enregistrer un commentaire