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Nikonomics - The Economics of Small Business
63 - The Glassdoor of Home Renovations: Business Model Explained + 3 More Ideas with Chris Koerner
Sep 27, 2024
In this engaging discussion, Chris Koerner, a business partner of the host, dives into innovative ideas and strategies for small businesses. They explore the concept of a transparent platform for home renovations, akin to Glassdoor for salaries, and how it could empower consumers. Chris shares his insights on leveraging virtual assistants to navigate home building and car purchases. The duo also humorously brainstorms unconventional business ideas and strategies to outsmart scammers while addressing the opportunities presented by AI in marketing.
48:19
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Quick takeaways
- The podcast introduces a platform aimed at providing transparency in home renovation costs, helping consumers understand pricing variations across regions.
- Chris suggests utilizing virtual assistants to efficiently gather data from contractors, enhancing the credibility of the home renovation pricing platform.
Deep dives
Exploring the Idea of Data Transparency in Home Building Costs
The discussion introduces a concept to create a platform similar to Glassdoor but focused on home renovation and custom building costs. The goal is to provide transparency in pricing across various regions, as the costs for similar renovations can vastly differ from one location to another. For example, a kitchen renovation that costs $400 per square foot in California may only cost $98 in the Southeast. This platform would allow users to submit and access information about the market rates for different aspects of home building, thereby empowering consumers with knowledge and improving bidding practices.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode