The Koerner Office - Business Ideas and Small Business Deep Dives with Entrepreneurs
How to Start a Tuition Negotiation Business + More College Ideas. Holdco Bros Discuss! Ep. #107
Dec 20, 2024
Nik, a business partner of Chris Koerner, dives into innovative strategies for negotiating college tuition, revealing that just 4% of families even try this approach. They discuss how creating a tuition negotiation service can save families money while generating profit. The conversation also explores a concierge service for college parents, designed to ease the transition to college life. Additionally, they share creative solutions for turning unsold apparel inventory into cash, highlighting the entrepreneurial journey behind launching a successful clothing brand.
33:17
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Quick takeaways
- The podcast emphasizes the untapped potential of college tuition negotiation as a profitable service, highlighting strategies to save families money.
- Creative solutions for handling dead inventory were discussed, focusing on innovative marketing approaches and leveraging influencers to generate sales.
Deep dives
Negotiating College Tuition
College tuition is negotiable, yet only about 4% of families attempt to negotiate their tuition fees. This indicates a significant gap in awareness, as many people do not realize this possibility or the potential savings involved. The discussion highlights the importance of approaching universities, particularly during critical admissions periods, to negotiate based on budget constraints. By framing the conversation around being a top choice while needing financial assistance, families may find universities are more willing to accommodate their requests.
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