In this podcast, the host shares various interesting business ideas, including a workflow agency, sales as a service, sales enablement, public speaking school, tech addiction recovery, combating phone addiction, and an innovative approach to language learning through a text group membership service.
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Quick takeaways
Creating a workflow agency that utilizes automation tools and AI can help businesses streamline manual processes, increase productivity, and operate at higher margins.
Establishing a sales development agency that pairs college students or offshore talent with skilled ghostwriters can effectively address the challenges of managing a sales organization and generate revenue through performance-based bonuses.
Deep dives
Supercharged Workflow Agency for Automation, Offshoring, and AI
A potential business idea is to create a workflow agency that utilizes automation tools, offshoring, and AI to streamline manual processes within businesses. By identifying repetitive tasks that can be automated, such as data entry or report generation, and leveraging automation tools like Zapier and AI tools like chat GBT, this agency can help businesses operate at higher margins and increase productivity. The business model would be a monthly retainer with upsells based on finding more processes to automate. This capital-efficient business idea aligns with the trends of AI advancement and a globalized workforce.
Sales as a Service with College Students and Ghostwriters
Another intriguing business idea is to create a sales development agency that hires college students or offshore talent as part-time sales development representatives (SDRs) and pairs them with skilled ghostwriters to create effective sales outreach emails. This addresses the problem of managing an expensive sales organization or working with low-quality outsourced lead generation agencies. The business model could involve a base retainer with a performance bonus based on the number of scheduled sales calls generated. The objective nature of revenue-based results makes this an appealing business opportunity, although competition in the sales enablement field should be considered.
Public Speaking School for Founders and Executives
A valuable business idea revolves around creating a public speaking school for founders and executives, focusing on turning them into exceptional storytellers. This addresses the importance of sales and storytelling skills in business success, providing a four-week bootcamp as a starting point. The business model would charge around $2,000-$3,000 for the bootcamp, with potential for ongoing coaching or continuing education. This idea has the potential to extend beyond a one-time school, developing into a brand that encompasses various public speaking-related offerings. The success and under-monetization of existing platforms like Toastmasters indicate a potential market for this type of service.
Episode 42: Alex Lieberman (@businessbarista) shares 8 businesses that he’s bullish on. He breaks down the idea, the problem that needs solving, the business model, and why he’s bullish. If any of these ideas are interesting, Alex invites you to reach out to start the conversation and help build these ideas into a full company.