Join business guru Chris Koerner, who has successfully generated over $100 million in various ventures. He shares fascinating insights on negotiating college tuition to help families save money while creating profitable services. The conversation also sparks the idea of a local concierge service designed for parents of college students, ensuring peace of mind. Plus, they explore innovative ways to turn dead inventory into cash flow, making this a treasure trove of unique business opportunities for aspiring entrepreneurs.
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volunteer_activism ADVICE
Tuition Negotiation Service
Consider a college tuition negotiation service, charging a percentage of savings.
This aligns incentives, as families pay nothing upfront and only pay if you succeed.
insights INSIGHT
Tuition Negotiation Challenges
Negotiating college tuition is similar to negotiating medical bills; both are possible but uncommon.
Building relationships with numerous university decision-makers can be challenging, hindering scalability.
volunteer_activism ADVICE
Client Acquisition for Tuition Negotiation
Target high school seniors directly for tuition negotiation services.
Start hyperlocally or through Instagram, offering free initial consultations and leveraging testimonials.
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Join me, Nik (https://x.com/CoFoundersNik), and my business partner Chris Koerner (https://x.com/mhp_guy), as we dive into another episode of HoldCo Bros! Chris and I have generated over $100 million across our companies, and every week we get together to brainstorm new business ideas and share insights into our businesses.
In this episode, we explore college tuition negotiation and how to offer it as a service to save thousands for families and build a profitable business. Next, we talk about the idea of a local concierge service, catering to parents of college students, especially at SEC schools. It’s like an insurance policy for peace of mind. Finally, we discuss creative solutions for dead inventory, transforming surplus stock into revenue-generating opportunities.
How can you turn college tuition negotiation into a profitable service that solves a major financial pain point for families?
What makes the "Dean's List" local concierge service a unique business opportunity for targeting parents of college students?
What are the best strategies for turning dead inventory into a thriving revenue stream?
Why are niche services like these great opportunities for first-time business owners?
Enjoy the conversation! __________________________
Love it or hate it, I'd love your feedback. Please fill out this brief survey with your opinion or send me an email at Nik@cofounders.com with your thoughts. __________________________
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 11:12 Case Study: A Friend's Apparel Business Venture 17:45 Creative Ideas for T-Shirt Designs 19:00 The Success Story of 'God is Dope' 20:17 Marketing Strategies for T-Shirt Brands 23:59 The University Concierge Service Idea 30:20 Evaluating Business Ideas: Marry, Date, or Kill 33:46 Conclusion and Final Thoughts
Nikonomics - The Economics of Small Business