The Koerner Office - Business Ideas, Advice & Deep Dives - TKOPOD.COM

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

Episode guests

Nik

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Episode notes

Podcast summary created with Snipd AI

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.

Intro

2min

Negotiating Tuition: A New Business Frontier

10min

Navigating Inventory Challenges and Revenue Strategies in Apparel Business

3min

Creative Strategies for Unsold Inventory

2min

From Concept to Brand: Building a Clothing Line

5min

Innovative Business Ventures for College Families

12min

HoldCo Bros are back! Nik and I talk about three big ideas this week. First, we talk about college tuition negotiation - helping families save thousands while building a lean, profitable service. Then, there’s the concierge service for college parents, offering insider knowledge and peace of mind. Finally, we talk about dead inventory and share creative ways to turn surplus stock into cash.

Timestamps below. Enjoy!
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00:00 Highlights
00:35 Introduction: The Untapped Potential of Negotiating College Tuition
01:33 Exploring the Concept: Why Isn't Tuition Negotiation More Popular?
03:14 The Business Opportunity: Tuition Negotiation as a Service
05:28 Strategies for Negotiating Tuition
10:38 Case Study: A Friend's Apparel Business Venture
17:11 Creative Ideas for T-Shirt Designs
18:27 The Success Story of 'God is Dope'
19:43 Marketing Strategies for T-Shirt Brands
23:25 The University Concierge Service Idea
29:46 Evaluating Business Ideas: Marry, Date, or Kill
33:12 Conclusion and Final Thoughts

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