pov: brainstorming $1M+ startup ideas with Daniel Dalen

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Dec 23, 2024

In this engaging conversation, Daniel Dalen, CEO of Ecomflow, dives into the world of startup ideas within the Shopify ecosystem. He discusses innovative concepts like credibility badges that boost business trust and embeddable businesses that can spread virally. Daniel shares insights on balancing aesthetics with functionality in product development, and highlights the burgeoning opportunities in the Shopify app space. His tips for bootstrapping versus seeking venture capital are especially valuable for aspiring entrepreneurs.

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INSIGHT

Credibility Badges

Businesses crave credibility, especially online.
A "best of" award, like Better Business Bureau's model, can boost trust and sales.

ADVICE

Making Noise

Focus on generating buzz to attract attention to a new product.
Use platforms like podcasts or social media to reach potential customers.

ANECDOTE

Offer Button

Greg Eisenberg created OfferButton.com, an embeddable business.
It lets users place buttons on websites to make purchase offers.

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Join me as I chat with Daniel Dalen, CEO and Founder of Ecomflow, as we explore various startup ideas and business opportunities, focusing on embeddable businesses and the Shopify ecosystem. We discuss the potential of credibility badges, analyzing both successful and unsuccessful business concepts while sharing insights on product development, aesthetics, and bootstrapping versus venture capital approaches.

Timestamps:
00:00 - Intro
01:39 - Startup Idea 1: Best Product Plaques for Credibility
09:00 - Startup Idea 2: Embeddable Businesses
31:49 - Startup Idea 3: Shopify ecosystem opportunities
45:53 - Building sustainable businesses
59:47 - Content creation strategy discussion

Key Points:
• Discussion of embeddable businesses and their potential in 2025
• Analysis of credibility badges/plaques as a business model
• Deep dive into Shopify ecosystem opportunities
• Insights on aesthetic vs luxury software products

1) First startup idea: "Best Product of Year" Certification Business

• Similar to Better Business Bureau model
• Sell digital badges + physical plaques to startups
• ~$200/year subscription model
• 99% margins, pure SaaS play
• Key challenge: Need massive distribution to create credibility

2) Second concept: "Embeddable Businesses"

• Greg built http://offerbutton.com as an example
• Place buttons/widgets on other people's websites
• Own digital real estate across the web
• Similar to "Sent with Superhuman" model
• Massive distribution potential through viral embedding

3) Fascinating insight on software categories:

Luxury Software is DEAD
Aesthetic Software is the FUTURE

• Users care more about design than status
• Example: People use Superhuman for its clean UI
• Shows they value design-thinking
• Growing trend in 2024+

4) On building Shopify apps:

• Massive opportunity in DTC ecosystem
• Need to deeply understand specific pain points
• Niche down (ex: CRO for specific industries)
• Can charge premium as money constantly flowing
• Avoid competing with Shopify's core features

5) Building mindset insights from Daniel Dalen:

• Bootstrap over VC if possible
• Focus on cash flow positive businesses
• Build with people who share your values
• Success = freedom to choose your projects
• Document over promote when building in public

6) Hot Take from Greg:

"The wealthiest people have the least amount of recurring meetings"

True wealth = control of your time
Automation over Meetings
Clear calendar = Clear mind

7) Key lesson on content:

Stop asking for likes/subs
Start asking for genuine feedback
Let quality speak for itself
Focus on documenting the journey
Real value drives real engagement

Notable Quotes:
"I feel like luxury software is old, and the new wave is gonna be aesthetic software." - Greg Isenberg
"The wealthiest people have the least amount of recurring meetings." - Greg Isenberg

Want more free ideas? I collect the best ideas from the pod and give them to you for free in a database. Most of them cost $0 to start (my fav)

Get access: https://www.gregisenberg.com/30startupideas

LCA helps Fortune 500s and fast-growing startups build their future - from Warner Music to Fortnite to Dropbox. We turn 'what if' into reality with AI, apps, and next-gen products https://latecheckout.agency/

BoringAds — ads agency that will build you profitable ad campaigns http://boringads.com/

BoringMarketing — SEO agency and tools to get your organic customers http://boringmarketing.com/

Startup Empire - a membership for builders who want to build cash-flowing businesses https://www.startupempire.co

FIND ME ON SOCIAL

X/Twitter: https://twitter.com/gregisenberg
Instagram: https://instagram.com/gregisenberg/
LinkedIn: https://www.linkedin.com/in/gisenberg/

FIND DANIEL ON SOCIAL

X/Twitter: https://x.com/danielvandalen
Youtube: https://www.youtube.com/@danieldalen/videos
Instagram: https://www.instagram.com/danieldalen/