The Koerner Office - Business Ideas and Small Business Deep Dives with Entrepreneurs
A Billion Dollar Travel Business Idea Hiding in Plain Sight ft. Connor⏐Ep. #106
Dec 18, 2024
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!
26:26
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Quick takeaways
- 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.
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