The Koerner Office - Business Ideas and Deep Dives with Chris Koerner Q&A: Wedding venues, vending machine locator, which side hustle, paid ads. Ep. #005. Small Business Ideas and Entrepreneurship
12 snips
Mar 15, 2024 Dive into the exciting world of wedding venues and discover market saturation insights. Explore the potential of vending machine businesses and how to strategically locate them. Uncover innovative uses of AI in law firms, enhancing document management. Get advice on choosing the right side hustle among various options. Learn the ins and outs of running a paid ads agency and whether Twitter Spaces really boost audience growth. Finally, consider establishing a virtual assistant agency while picking the perfect niche.
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Validate Wedding Venue Demand First
- Do run market saturation research before launching a wedding venue using tools like Outscraper and Google Maps to count venues across comparable metro areas.
- Compare booking depth (Knot calendars, phone calls) and find buildings you can repurpose if weddings underperform.
Buy Repurposeable Venue Not New Build
- Do buy an existing repurposeable building rather than build new, and price your venue so one wedding a month can cover fixed costs.
- Ensure weddings alone can pay the bills, then layer on gardens, classes, and gift shop as passion projects.
Prebook Influencer Referrals For Vending Leads
- Do secure influencer referral deals before buying the vending-location finder business to guarantee demand from buyers.
- Target vending influencers (Quinn Miller, TikTok creators) and offer a share of the $1,000 fee to drive immediate buyer leads.