# 4 profitable startup ideas you can launch tomorrow

Channel: Greg Isenberg
Video: https://www.youtube.com/watch?v=H42udFlQIbs
Duration: 25 min
Language: English
Words: 4050
Transcript page: https://viewrankai.com/tools/youtube-transcript/H42udFlQIbs

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[0:00] here's where I think service-based businesses are going to go when you build a service-based business think of like a design agency or um an SEO shop or something like that number one you start with humans doing the work and then number two you transition from humans doing 100% of the work to AI assisted human work and then step three you transition to agents do all the work once you get to step three the margins are going to 3 four 5x instead of making 20% IA you might be able to make 60% IA 80% IA and the reason why is because you're paying tokens and you're getting

[0:41] agents to do the work and and this might be in five years and this might be in seven years or three years but the point is if they can get there and you've built up all the systems and processes and client base then you're going to be in a really really good place so that [Music] and we're back another solo pod just me I'm going to give away some ideas some Trends I did one of these last week and and you all loved it so I figured I'd do another one let's get right into it so I want to start off with the trend and I'll give you some ideas for this

[1:25] trend so recently I got married and my wedding was different than most people's wedding most a lot of people have weddings and they've got a hundred of their closest friends and families there uh I had a wedding and there was 14 people there and and that was including me and my wife so weddings are changing you know people don't want to spend thousands of dollars on weddings they want to do something small they want to do something intimate and that leads me to my my trend of the week which is micro weddings so what is is a micro wedding I think we need to just Define it so it

[2:02] basically means a wedding with less than 50 people it's just way more intimate and uh it's especially big in places like New York La Miami where the cost per wedding guest could be more than $1,000 per guest so it's absolutely out of control this is obviously due to inflation and over the LA you know over the last few years it's just it just gotten out of hand so okay so this is the trend I think a lot of you are probably you know nodding your head and being like of course this makes a lot of sense how can I create a business on top of this trend so idea number one

[2:41] is just leaden so uh there's a bunch of small venues that haven't uh they're not really set up for micro weddings and the biggest challenge of that is you know these these small venues are uh don't have the the visibility they have smaller marketing budgets um and then they probably just don't know that this trend is happening so you could go and just bridge the gap so um you know I just Googled here micro wedding Los Angeles um and I saw that there was actually a sponsored link called intimat Mountain weddings.com so great domain good SEO um and as the search volume starts to increase if

[3:26] people become aware that micro wedding is a thing uh traffic's going to go you know go up so how can you operate this idea as a service so you know step one is you just got to form the Partnerships agreement so you go to these wedding venues uh and you basically say hey I'm going to send you a bunch of leads for for for your micro wedding and then would you know would you be willing to give me 10% 5% 20% of a booking that's made through your platform so it's like a win-win situation uh for for the small venue a lot of these venues they're hanging on

[4:01] by a thread they want they want more Revenue uh then you're going to step two is just to implement SEO and and advertising so you're going to generate uh traffic mostly by um mostly by search so the the BET here is that uh you know more and more people are going to search it you're going to show up uh and then you could obviously uh do a little bit of AD Arbitrage what is AD Arbitrage that just basically means when you know you're spending $2 a click but the average click gives you $3 you create this vending machine where you put $2 in $3 comes out so uh that's that's where

[4:42] you're going to mainly focus of course you can do content and building an audience around it and and just showcase these venues and showcase other weddings uh that's definitely a given so I would say Implement SEO advertising and and build an audience uh and then step three is uh specialize in promote so you know I would say become the micro wedding Market gal or guy um you know once you uh once you position yourself as that person I and I think that's ripe for the taking um you're you're going to earn more trust and you know the hard part about uh something like this is it is a new

[5:22] market and whenever you have a new market you have to educate people why this should exist everyone knows oh just got engaged I need to go and create a wedding but they don't know about the concept of a micro wedding what that is why it's better why it's going to save you money and why if you forget all the money it's just going to be a more intimate experience for the people that you love um so you know I think that there's tons of opportunity to to own that uh to own that category and uh I I you know this is just like like one of those lowrisk

[6:01] ideas so idea number two in the micro wedding space um is just uh helping helping plan so um you know offering comprehensive all-inclusive micro wedding packages that streamline the entire planning process so uh I found this Reddit post so here's the here's the the post micro wedding in Southern California LA County 13 guests 23,000 and they basically just go into this this is a long one for those interested in the numbers um they talk about how the original uh wedding was supposed to take place in June 2020 uh but obviously because of covid they couldn't do it they talk about how much they paid in their Deposit they talked about the C

[6:47] you know the ceremon the basically the budget breakdown so ceremony venue $22,000 dinner venue 3500 partial uh partial planner 1500 uh I guess it's a party planner but only partial which is kind of an interesting that's a whole other Niche to own uh like another idea right there is you know like a fractional you know partial party planner photographer 3100 videographer ,000 string Trio $800 florals $1,500 anyways you get the idea bottom line is it's $3,386 which obviously is a lot of money but isn't $100,000 um or isn't you know some people spend a million dollars um so they just go into this and you can see

[7:32] you know they talk about everything about and they break this all down this is an incredible content piece I would love to see um you know you could create a whole audience around breaking down different micro weddings and then if you look in the comment section on Reddit people are just so engaged they're so appreciative of of it hey everyone if you're anything like me you've got a ton of design work that you need websites landing pages emails social assets you name it but you don't just want beautiful landing pages or beautiful websites you want the stuff that's going to convert you want the stuff that's going to actually drive

[8:14] value that's where design scientist.com comes in it's an agency that for one monthly price will do all your design work all your copy work all your engineering and do stuff that actually Tails your Revenue you don't need a designer you need a design scientist let's go design scientist.com I liked it so much I invested in the business I use I like to use Reddit and see posts that you know go viral in particular communities as a way to validate uh a particular business idea so I see this and I'm like okay there's something here in the micro wedding space because they put it in the uh

[8:59] wedding planning uh subreddit which has 829 th000 members um and it and it went viral within that community so you know one thing you could do is you can create the subreddit for micro wedings you can be that moderator so that's just an idea for you okay let's get back to uh the idea so so the idea is basically to create an agency a wedding planning agency but only focus on micro weddings and there's Oney that I was able to find that's doing it and it's called Uh our little wedding and I found it via that Reddit post they're based in San Francisco uh you you can tell uh you know there's

[9:41] basically a coming soon version of their website so it's not exactly optimized but you get the idea uh there's these all-inclusive micro weddings that they sell and it's you know between 5 and $6,100 $5,000 $6,100 so uh here's one the Bay Area redwoods elopment so it's an all-inclusive uh package $5,000 you get a mil Valley Amphitheater private ceremony 1 hour photography personal floral florals you get a dinner a luxury reception dinner celebration uh cake and cake florals and you get add up to six guests so you get this beautiful background super picturesque uh Instagram friendly and it's beautiful it's intimate and it's $5,000 so this is the type of thing that

[10:37] you can go and create idea number two is you just go and uh organize these packages build Brands around it and capitalize on the micro wedding uh Trend so that's my trend of the week micro weddings uh I I love it for a lot of reasons like I mentioned the red you know validated on red offshoot of a particular sub of a particular subreddit uh you're starting to see little businesses pop up you can there's so many validated business models you don't need to reinvent the wheel you can do things like a like an agency and then people are willing to spend on their weddings so when you're creating a

[11:17] business you obviously want to prioritize businesses where people are willing to take out their wallet and this is something where people feel like they're saving money you know if they're spending $5,000 on a wedding and they thought that they were going to spend $50,000 uh they're going to be pretty pretty darn happy so um I I love this I love this concept for a lot of reasons and I also think that you know as someone who had a micro wedding I didn't even know it was called a micro wedding but as someone who had a micro wedding it it was just an incredible experience and special in its own way um

[11:54] I feel like you know I'm 35 now and a lot of my friends have gotten un married and it just sort of feels like by by the end of like the last weddings of my friend group it almost felt like all these weddings were the same and they were beautiful weddings and great places and beautiful hotels um but they all had the 100 200 300 people they all had the same band they all had the same sort of food and I think this idea around micro weddings that are just also just unique experience like imagine getting married in in the Sequoia North of San Francisco all these trees that

[12:33] they're hundreds of years old and they're they're as tall as skyscrapers like how cool is that so love this trend and uh wanted to give it to you the other thing that I wanted to talk about is just a Insight I had around building businesses that are powered by human beings and when I'm talking about building businesses I'm talking about service-based businesses here's where I think service-based businesses are going to go so when you build a service based business think of like a design agency or um an SEO shop or something like that you start with number one you start with humans doing the work and then number

[13:15] two it's you transition from humans doing 100% of the work to AI assisted human work and then step three you transition to agents do all the work and I think this is just an interesting framework and something I'm just thinking about and I wanted to share it with you around what are businesses that are going to translate into that framework because I think that once you get to step three the margins are going to 3 four 5x instead of making 20% IA you might be able to make 60% IA 80% iita and the reason why is because you're paying tokens and you're getting agents to do the work and people are

[14:01] expensive there are certain industries where this probably won't happen you know we run an innovation design agency called LCA and you know we work with the Nikes and the dropboxes and the Shopify of the world and these large companies with the you know with their executive team and they don't want AI to do all the work and they also need someone to talk to and they need someone to brainstorm with and they need someone to jam with so are certain spaces where where it doesn't make sense um but there are certain spaces where it does make sense and I think that's sort of my homework for you and something to think

[14:40] about is what are what are service-based businesses that are most likely going to hit that number three get basically get agents on board and and this might be in 5 years and this might be in seven years or three years but the point is if they can get there and you you've built up all the systems and processes and client base you know in five years then you're going to be in a really really good place so that's something that I've been thinking about and the last thing I want to talk about today is I've been doing these live streams where I've been bringing people on stage who have startup ideas

[15:18] who want Fe my feedback and it's been really really fun uh and also people who just have a business and they're past the idea stage like they've got something live and they want my feedback so I'm going to share with you a couple couple of the ideas that were shared to me that I wasn't able to bring people on stage and I'm going to give I'm going to give live feedback and my hope my hope here is it's going to get your creative juices flowing it's going to help you help you get a bunch of startup ideas and uh so let let's let's let's get right into it

[15:51] so Peter gray messaged me and says here's the idea it's called more than Academy it's an athlete tailored entrepreneurial education startup there will be online community networking Master Class Type videos more formal LinkedIn type online courses for certificates and badges and an in-person Workshop primary series targeting at high school athletes with aspirations of being an athlete aimed at empowering student athletes well it's a lot of athletes with the skills and mindset needed for both athletic and entrepreneurial success the person worksh shops lead genen for the online community and online education our business would then lead genen potential clients for all the nil agencies or organizations like athletes. org okay

[16:42] so uh I'm I'm not going to give you specific feedback on do athletes or aspiring athletes need this I think they probably do but I'm not one myself so you would know better than me but I'll give you feedback and give everyone feedback on a really big opportunity which is credential isation we're living in a world where the value of a Harvard degree and a Standford degree and is going down of course you know it's valuable I'm not I'm not going to say it's not but in our world our world of like Twitter podcast YouTube um what people really care about is what have you done you know have your has

[17:25] your content gone viral in your Niche and and that's basically it and and are you an interesting cool person that I want to work with that's what people care about that being said getting in the front door is is difficult today it's probably even more difficult today than it was 10 years ago and I think the good part of having a Stanford degree or Harvard degree is it gets you in the front door I think that there's tons of opportunity to build online programs and IRL programs that credential lies so and what do I mean by credential credential IES I mean you get a certificate and people will pay for that

[18:10] certificate so I saw this really good tweet by Peter levels uh on Twitter and he goes if you're looking for a remote job go Learn Python and apply for jobs in AI python is the fastest growing and highest paid for remote jobs right now the median salary is $880,000 a year for remote but with massive outliers into $300,000 a year and higher if you go non- remote usually in office in San Francisco so then he's put this this chart of basically the fastest growing and highest paying jobs in 2024 python marketing node backend typescript sales Ruby react non non-tech JavaScript customer support I would basically use

[18:51] chap GPT to to build this list um or you can even grab this list we can put it in the show notes um but I would basically create a list and then I would be like how do I credential eyesee for python how do I you know credential eyesee for not marketing because marketing is too it's too big but what about you know growth marketing um so how how you'd actually go and build out this idea is you know you you take out a piece of paper you you'd write in the middle Hub and spoke The Hub would be marketing and what are the spokes growth marketing

[19:24] PPC um you know audience development uh video content what are all the ways that people Market in 2024 and then I'd look at credentialing and the other way you can create this business uh is you can actually go to existing course creators and be like hey I'm going to manage the credential isation of your program I'm going to manage uh the graduation of your program uh and I'm going to you know send uh I'm just going to make this experience incredible and I think that's another business that uh is would definitely cash flow um you know $10,000 to $100,000 a month so I I I I'm not you

[20:09] know to answer your you know to get to give you feedback Peter I don't know enough about uh athletes but I think uh what you inspired me to think about is credential isation is something that's a huge huge huge idea so I like it a lot and then Jose cillo says I recently started building trip.com it's an analy analytic platform for ux teams I'd love some feedback okay so let's bring up trip.com and give and give him some feedback okay so I pulled it up says analytics for ux teams that tracks user task duration and helps you fix user sticking points for smoother task completion discover the

[21:01] true efficiency of your app with realtime insights into task completion times identify and streamline complex workflow to enhance user satisfaction and productivity okay and then there's an image here and then how do they charge so they charge $9.90 $9.99 a month uh and you get five different tasks configure to record uh or 1999 it's they call a business plan uh where you get 10 different tasks so this is one of those ideas that you've built something really smart but the way you're talking about it and way it's positioned could be optimized so it's not just about quote unquote smoother task completion because what does that mean it means if you get

[21:46] people to complete their tasks uh we actually did some research if you get someone to complete uh compete their task their primary task of going onto a mobile app or going onto a website they're actually 67% more likely to buy a product or service from you so if you can tell me that you're going to help me sell more stuff or you're going to help me uh get more people to subscribe or you're going to help me uh get more followers or you're going to help me drive word of mouth all these things like that's what this is about it's not about task completion so the biggest thing that you

[22:26] need here is to reposition around what is what is unpack task completion um and the other thing is you want to when you're writing copy write like you talk you know you would never say in a conversation discover the true efficiency of your app with real-time insights into task completion times so you just need to rewrite your website as if you're talking to an eighth grader and that's something that's a prompt that you can actually put within chat jpt you can say uh you can put in all your copy and then put into chat GPT and you say I really want this to be written in plain

[23:04] English uh can you make this really really clear and catchy for an eighth grader and then you ask it to rewrite it and you're going to get some some some good stuff the other thing is where's the video you know I'm on your website and it's just an image I think that so many people are using images and just text on on web pages I'm really really bullish right now on your you know having above the fold a video and that's going to help increase conversion rates no question show show me what you're doing people are used to Instagram stories they're used to YouTube shorts uh they're watching video

[23:48] everywhere they should be watching video on your website and the beauty is video is one of the best I think if not the best way to because you've got audio you got V uh visual you've got sound so you feel more connected to a product uh via video if it's just an image and last thing is I don't know about your your business model 999 to 1999 like that feels quite arbitrary you know and it feels like if you're actually helping that much with task completion it's worth a lot more than 1999 so that's my feedback and uh hope that was helping all right so that's the Pod if you if

[24:32] you enjoyed it please please go to YouTube subscribe and comment on the YouTube video and I read every comment I respond to most of the comments especially if they're nice and uh I'll see you on the next one hope this got your creative juices flowing later everyone [Music] baby

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