A Billion Dollar Travel Business Idea Hiding in Plain Sight ft. Connor⏐Ep. #106
Dec 18, 2024
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Connor Gross, a regular guest and business insight contributor, joins the discussion packed with creative ideas. They explore the lucrative resale market for used golf sets and high-ticket niche businesses like aquascapes. The untapped potential of the cruise industry is examined, including innovative marketing strategies for shore excursions. They also tackle the unglamorous yet fascinating world of piano disposal, revealing surprising business opportunities in waste management. This conversation brims with entrepreneurial inspiration!
The cruise industry presents a lucrative opportunity for disruption, as many consumers overpay for bookings primarily made through travel agents.
Niche markets, such as refurbishing used golf equipment and solving piano disposal issues, offer substantial profit potential for innovative entrepreneurs.
Deep dives
Disruption in the Cruise Booking Market
A significant portion of cruise bookings are made through travel agents, often at inflated prices, creating an opportunity for disruption in this market. Many consumers pay substantially more for similar cruise experiences, suggesting a demand for a more direct method of booking. The idea of creating a platform similar to Expedia, but specifically for cruise bookings, could streamline the process and reduce costs for travelers. The potential value of this disruption is highlighted by the fact that the cruise industry serves millions of customers, indicating a lucrative business opportunity for innovative solutions.
Niche Market Opportunities
Various niche markets present opportunities for entrepreneurs to cater to specific consumer needs effectively. By leveraging platforms like Facebook Marketplace, individuals can buy used goods, refurbish them, and sell them under their own brand, capitalizing on existing demand while offering expertise and education to buyers. Examples include businesses specializing in golf equipment or home video studio setups, where sellers can provide advice and create trust with customers. This approach allows entrepreneurs to tap into high ticket items that yield considerable profit margins while building a community around their niche.
Innovative Solutions for Common Problems
There is a noteworthy problem in the disposal of pianos, as many consumers struggle to get rid of them due to their size and weight. A potential business model could involve offering piano removal services, charging a fee for the pickup, and even finding alternative uses for the instruments, such as repurposing their materials. This concept highlights the importance of solving everyday logistical challenges while creating a sustainable revenue stream. Overall, targeting common issues and innovating solutions can lead to profitable business opportunities in various markets.
I sat down with Connor Gross (https://x.com/c_gro), a regular on the podcast. We got into some cool ideas once again. We started with used golf sets - why they’re easy to refurbish, flip, and scale. Then, we talked about aquascapes: personalized, high-ticket, very niche and profitable. We also talk about the cruise industry and why it’s a massive, untapped market for entrepreneurs. And we also talked about pianos and how they’re a nightmare to get rid of and the surprising business opportunities that come with solving that problem.
Check out Connor’s free newsletter! https://www.bizbrainstorms.com
Timestamps below. Enjoy! --- Watch this on YouTube instead here: tkopod.co/p-yt Ask me a question on or off the show here: http://tkopod.co/p-ask Learn more about me:http://tkopod.co/p-cjk Learn about my company: http://tkopod.co/p-cof Follow me on Twitter here: http://tkopod.co/p-x Free weekly business ideas newsletter:http://tkopod.co/p-nl Share this podcast:http://tkopod.co/p-all Scrape small business data:http://tkopod.co/p-os --- 00:00 Highlights - Introduction 01:00 Exploring the Golf Club Business Idea 01:55 Facebook Marketplace Opportunities 03:21 High-Ticket Niche Markets 06:38 Travel Agents and Cruise Bookings 10:43 Shore Excursions and Travel Hacks 18:04 Aquascapes: A New Business Idea 20:30 Piano Disposal Business Model 25:16 Conclusion and Key Takeaways
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