My First Million #85 - Why Privacy is Big Business and the Multi-Million Dollar Ideas Hidden in Plain Sight
Jun 24, 2020
The conversation delves into the booming privacy-based business sector, highlighting innovative technologies like VPNs and user anonymity tools. The hosts unearth unclaimed baggage as a unique revenue stream and brainstorm a 'Costco for services' concept. Income share agreements for funding education are examined as an alternative to traditional debt. There's a philosophical debate on whether to invest or build, along with insights on spotting hidden business potentials in everyday objects and sustainable entrepreneurship.
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Hidden Opportunities
- Look around and ask how everyday things came to be and the economics behind them.
- This helps uncover hidden business opportunities often overlooked.
Unclaimed Baggage
- Unclaimed Baggage partners with airlines, sells unclaimed luggage contents.
- This reduces waste and creates a unique retail experience.
Hotel Toiletries Recycling
- A company collects used hotel toiletries, recycles, and donates.
- This reduces waste and provides affordable goods while benefiting charities.