Tara Reed, co-host of the podcast 'BOSSY,' brings her entrepreneurial wisdom to the discussion. She and the hosts evaluate listener-submitted business ideas, revealing gems like M List, a marketplace for BMW fans, and a central app for influencer discount codes. The conversation dives into the role of AI in transforming education and engaging social media. They share insights on launching horse-related ventures and the necessity of starting with a minimum viable product, all while keeping the humor alive in the whimsical world of entrepreneurship.
Targeting a niche audience with high purchase intent can be a lucrative strategy for a social media based marketplace.
Creating an app that centralizes influencer discount codes and monetizing through analytics and tracking has potential for success.
Deep dives
Startup ideas discussion with two guests
The podcast episode focuses on discussing listeners' startup ideas with two guests. The episode covers a range of interesting and unique ideas submitted by the audience.
First idea: Social media marketplace for BMW M models
One of the startup ideas discussed is a social media based marketplace specifically for BMW M models. The idea aims to cater to the niche BMW enthusiast market, with plans to monetize through donations or sponsorships. The hosts express enthusiasm for the idea, highlighting the potential value in targeting an audience with high purchase intent and a passion for cars.
Second idea: App to centralize influencer discount codes
Another idea presented is an app that centralizes influencer discount codes, allowing users to apply them when making purchases. The hosts appreciate the simplicity and ease of building such an app and highlight the potential in monetizing through analytics and tracking. They discuss the possibility of influencers paying to have their codes promoted in the app.
Third idea: OnlyFans-style platform for learning
The podcast explores an idea for a platform that combines influencers educating people on social media with the subscription-based model of education platforms like Udemy. The hosts express skepticism about the competitive landscape and potential challenges in attracting a user base. However, they discuss the potential for white-labeling the platform and the benefits of offering enhanced features for direct interaction.
Neal and Toby pitch the craziest business ideas submitted by listeners to Money With Katie and Tara Reed from 'BOSSY', and the girls share if they would be IN, or OUT.
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