A few $30k+/month startup ideas from the most manic/genius founder you've never heard of
May 10, 2024
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Cody Schneider, Co-founder of Swell AI, shares his visionary insights on various startup opportunities. He delves into an innovative Cricut subscription service and lucrative paid Chrome extensions. Cody also discusses AI-driven memo writing tailored for startups and how niche podcasts can foster engagement. Plus, he highlights monetization strategies for Play Octopus in Uber cars, blending fun with profitability. His approach encourages entrepreneurs to think creatively and leverage technology for sustainable success.
Utilizing AI for summarizing key organizational insights can enhance internal communication and provide valuable monetization opportunities.
Creating a subscription service for cricket designs using AI can generate significant revenue by targeting craft enthusiasts through popular platforms.
Developing Chrome extensions for data extraction can lead to profitable business ventures by scaling tools across diverse market segments.
Deep dives
Revolutionizing Work Communication with Weekly Recaps and Podcasts
Implementing a weekly recap strategy that involves interviewing key heads of departments for insights, then using AI to summarize and share publicly on platforms like Slack can revolutionize internal communication within organizations. Such a system provides CEOs with valuable insights into all organizational activities, making it a compelling service that could be monetized for significant revenue.
Untapped Market: Subscription Service for Cricket Designs
Exploring the opportunity to create a subscription service offering unlimited designs for cricket, a tabletop CNC machine used by crafters. By leveraging AI to generate design files based on popular keyword searches, targeting audiences through platforms like Facebook, and offering a subscription model akin to successful companies like Creative Fabric, a lucrative business model emerges with the potential to generate substantial revenue.
Selling Craft Materials Online: Thriving Business Model
Delving into the lucrative business of selling materials for cricket crafting, akin to printer ink for a printer company. By employing a strategy that offers bundled designs as a marketing tactic, sourcing materials from platforms like Alibaba, and capitalizing on repeat purchases from craft enthusiasts, a profitable business venture emerges, tapping into the growing trend of people seeking tangible, hands-on experiences.
Creating Low-Effort AI Tools for Mass Market Penetration
Exploring the potential of developing AI tools, specifically Chrome extensions, focused on extracting data from web pages. Depending on targeted niches and using SEO strategies to reach audiences, creating simple yet effective tools can lead to significant revenue streams, showcasing the power of scaling such tools across various market segments to build a diversified and profitable business portfolio.
Building Digital Mass and Gravity for Business Growth
Creating digital mass on the internet is crucial for attracting and retaining customers in a business. The concept of digital gravity involves drawing individuals closer to a business over time through engaging content and marketing strategies. Unlike traditional funnel approaches, focusing on digital mass creates a continuous cycle of customer interaction, ultimately leading to more purchasing decisions and business growth.
Monetizing Podcasts through Membership Programs and Affiliate Advertising
Utilizing podcasts as a platform for community building and monetization can be more effective than traditional advertising models. By offering membership programs with valuable content and community engagement, podcast creators can generate significant revenue. Additionally, implementing affiliate advertising with cost per lead and revenue-sharing models can enhance monetization strategies for both the podcast creators and advertisers, leading to increased profitability and audience engagement.
I’m joined by Cody Schneider, Co-founder of Swell AI, to jam on several business ideas and opportunities: a Cricut subscription service, Chrome extensions that can generate $30k/month, Uber trivia games, and so much more.
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00:00 First business idea: Cricut Subscriptions & Materials 19:30 Second business idea: Paid Chrome extensions 24:40 Cody’s framework for building a profitable business 37:20 Third business idea: AI memo writing for startups 41:50 Fourth business idea: Niche Podcasts 59:25 Fifth business idea: Play Octopus for Uber
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