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Nikonomics - The Economics of Small Business
66 - Two Unique Business Opportunities No One Is Talking About with Chris Koerner
Oct 4, 2024
Chris Koerner, a business partner and innovator, joins to discuss unique business opportunities. They explore launching a Group Purchasing Organization (GPO) to amplify small business negotiating power. The conversation dives into scaling print shops and leveraging lead generation tactics. Chris shares insights on selling high-ticket items to heavily regulated industries like airline manufacturing, highlighting both challenges and surprisingly high profit margins. Their discussion reveals innovative strategies for navigating niche markets and creating modern value.
44:37
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Quick takeaways
- Creating a Group Purchasing Organization empowers small businesses by enhancing their collective negotiating power to achieve better supplier rates.
- Navigating FAA regulations presents both challenges and lucrative opportunities in selling high-ticket widgets to airline manufacturers.
Deep dives
Navigating FAA Regulations in Airline Sales
Selling to airline manufacturers requires navigating extensive FAA regulations, which can create significant barriers to entry for new vendors. This regulatory environment can lead to monopolies among niche suppliers who dominate specific product categories, allowing them to set higher prices. The podcast highlights how these vendors can charge exorbitant fees for basic components due to the lack of competition in the sector. This presents a lucrative opportunity for individuals willing to comply with FAA requirements to enter the market and potentially realize high profit margins.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode