steve chouAt present we’re gifting away a bunch of enterprise concepts, and to assist me do it’s Steve Chou.

Steve is a serial entrepreneur who runs:

It’s been 7-8 years since Steve was final on the podcast again on episode 128, so it was lengthy overdue to get him again on!

On this one, we travel brainstorming some concepts that we expect ought to exist on the earth.

Listed here are 17 enterprise concepts we got here up with that you simply’re welcome to take at no cost and run with!

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1. Coupon Code Web site The place the Codes Are Verified and Truly Work

This primary concept is predicated on one thing I personally discover irritating. Once I’m purchasing on-line and I see the “Promo code” field at checkout, I Google “[store name] + coupon code” to search for a reduction code.

Invariably the identical websites at all times present up on the high of the outcomes, and not one of the codes ever appear to work.

If somebody created a website with codes that had been verified and truly labored, I believe Google would begin to reward that website and rank it effectively.

Steve has seen this drawback from the opposite facet. He will get loads of guests to his e-commerce websites attempting bogus coupons, and truly receives emails from aggravated prospects saying they’re not working.

Steve’s answer was to create his personal coupon web page for his retailer. It ranks #1 when folks seek for coupons, and naturally, the codes truly work.

There are instruments that exist already that may make it easier to discover coupon codes, you’ll be able to strive:

2. Plugin Cleanup Software

Steve defined that while you uninstall a plugin on a CMS like WordPress, some firms deliberately depart some code behind to proceed monitoring stuff in your website.

They do that primarily to collect knowledge to promote on to different firms or use themselves, and the very last thing you need is extra code loading alongside together with your website.

Steve’s enterprise concept is to create some kind of service, instrument, or a plugin that checks each little bit of code is eliminated when a plugin is uninstalled.

3. Affiliate Web site Providing Cheaper Options

We lately moved and are at the moment furnishing our new home. My spouse is shops like Crate and Barrel, Pottery Barn, and West Elm – locations I might take into account higher-end shops.

However we now have younger children, so shopping for costly stuff simply isn’t a good suggestion proper now because it’s simply going to get destroyed.

I need to discover the Wayfair, Goal, or IKEA alternate options to the furnishings my spouse is looking within the higher-end shops.

So, my concept is to create an affiliate website that lists the high-end stuff, and in addition lists one thing that appears related and prices quite a bit much less.

I believe this could do nice within the search outcomes. There are a great deal of long-tail phrases round totally different merchandise and comparisons, and it’ll be nice from a person expertise.

4. Self-Service School Consulting

The following concept from Steve is to create a self-serving school consulting enterprise.

Steve defined that there are consultants that can work together with your children from freshman by means of to their junior yr to assist them get into their chosen school.

These consultants cost round $12,000/yr. In order that’s $36,000 for the three years, which isn’t low-cost.

Steve stated it might be attainable to create a database that lists all of the courses somebody would want to take so as to get into a selected school.

As an alternative of paying $12,000 a yr for that one-to-one tuition, mother and father might use this service handy choose the courses their children want and create their very own plan.

Our pal Dr. Ryan Grey created an analogous service for pre-med college students known as Mapp’d.

5. SimilarWeb for Podcasts

If you wish to get an excellent estimate of how a lot visitors an internet site will get you’ll be able to go to SimilarWeb or Ahrefs and get loads of knowledge on a website.

I’d like to see one thing related for podcasts. For the time being, I don’t know of a website or service that gives this type of granular knowledge on how effectively a podcast is doing.

I get invited onto loads of reveals, which is nice. However I’ve needed to implement my very own vetting course of to get a really feel for if the present goes to stay round, how effectively it’s doing, and so forth.

Steve added that this knowledge would even be valuable for sponsors on the lookout for reveals on which to promote.

6. Pep Speak for Children Service

Steve stated one thing I believe will resonate with loads of mother and father, “My children don’t take heed to me, if I inform them one thing it goes in a single ear and out of the opposite,” Steve instructed me.

An answer and enterprise concept Steve shared to fight this drawback is a pep speak service for teenagers.

Steve stated if there was a service that may join people who find themselves specialists or have authority in a selected matter with children through Zoom for a chat, he’d use it.

It might even be asynchronous like Cameo.

7. Customized-Fitted Hats

Apparently, I’ve an abnormally small head. So, I’ve a very onerous time discovering hats that match effectively.

I’m additionally too outdated for the fitted New Period hats, and too bald for trucker hats with the mesh within the again.

I got here throughout an organization lately providing custom-fitted jeans. They take your measurements and assure to
make you the best-fitting denims.

This made me suppose, I might completely pay for a service that may make a custom-fitted hat completely designed to suit my head.

8. Volleyball Setting Machine

Steve’s daughter is absolutely into volleyball, and he typically goes alongside to her follow classes and helps out appearing as a setter for her.

Most different sports activities, like baseball and basketball, have a machine that’ll set or serve balls. However so far as Steve is aware of, there isn’t a volleyball setting machine in the marketplace.

Steve stated he’s been on the lookout for one, so he’d be one of many first prospects if somebody executes on this concept.

9. Personalised, Science-Backed Wellness Service

I’ve been utilizing WellnessFX for the final couple of years. This service analyzes your blood check outcomes and over time will monitor how modifications in weight loss program and way of life have an effect on numerous biomarkers.

It’s also possible to e book a session with one in every of their licensed well being practitioners by means of the positioning if you wish to take issues to the following stage.

The place WellnessFX stops brief, nevertheless, is the continuing assist.

It doesn’t lay out a plan of when to take sure dietary supplements and which way of life modifications will actually assist to optimize your well being on an ongoing foundation.

Steve stated that is one thing he would additionally pay for as effectively, however admitted it’s a enterprise that sounds fairly sophisticated to place collectively.

10. Neighborhood Recycling Service

In Steve’s family, they get by means of loads of glowing water. Steve does recycle the empty cans, however he doesn’t ship them again to get the $0.05 per can because it’s loads of effort.

Steve’s concept is to arrange a neighborhood recycling service, form of like a revenue share on empty can recycling.

You might acquire massive numbers of cans to make sending them to the recycling heart cheaper, then cut up the earnings 50/50 with households that take part.

11. Classpass for Golf

I’ve been taking part in just a little bit extra golf within the final 12 months, primarily with my dad because it’s turn out to be his retirement pastime.

What I’ve observed is that you simply don’t see season passes for golf such as you do with snowboarding or some other hobbies.

That bought me to questioning whether or not or not it might be attainable to place collectively a bundle of collaborating programs and promote that as a package deal.

Steve agreed and favored the thought. He in contrast it to MoviePass and other subscription models which have accomplished effectively in different niches.

12. Plant Kennel

This concept from Steve is the results of an issue he bumped into lately. Steve went on trip to Florida, and when he returned a few of his houseplants had died.

In fact, you’ll be able to have a pal pop over to your home and water your crops when you’re away. However that’s at all times a ache, and never attainable for some folks.

Steve’s concept is to arrange a “plant kennel.” Someplace you’ll be able to drop off your crops (or they’ll choose them up) so another person will take care of them when you’re away.

13. House Upkeep Productized Service

With this concept I’m considering of one-stop looking for pest management, contact up portray, small initiatives, gutter clearing, and different numerous fixer-up initiatives.

For those who already have a handyman business or one thing in that area, I’m certain you would arrange a productized service for householders.

You might even play matchmaker and prepare all the varied tradesmen to return out beneath your individual branding.

Steve is onboard with this concept. He stated it’s one thing his mother — who lives alone — would profit from for certain.

14. Equitable Social Sharing

Social alerts are essential for serving to get traction with content material on-line.

It’s widespread to ask pals to assist out by sharing stuff, but it surely’s onerous to maintain monitor of who’s serving to out and the way a lot they’re doing.

Steve’s concept is to create some form of platform or software program that retains monitor of who’s sharing content material on social media, and the way a lot they’re giving in comparison with how a lot they’re taking.

Basically it’s an equitable social sharing instrument that ensures everyone seems to be taking part in truthful.

15. Reverse Job Board

I picked up this concept from the positioning Kern.al and it’s for a reverse job board.

The way it works is that as an alternative of responding to job postings, candidates submit a list of their supreme job together with their abilities and what they’ll supply an organization.

This permits firms to doubtlessly get monetary savings on recruitment prices whereas having a central database to filter and browse candidates primarily based on their abilities and needs.

16. Apocalypse Advisor

Steve defined that his spouse has been a bit paranoid about dangerous stuff taking place because the pandemic began.

They’ve been shopping for up emergency meals and provides in case of one other pandemic-style occasion, however discover some gadgets tough to get.

Steve stated he’d pay for a prepping or “apocalypse advisor”. Somebody to advise him on precisely what provides he would want to make sure he’s ready for the eventualities he and his spouse fear about.

17. Fractional Possession of Money Flowing Companies

The final enterprise concept is one other one from Kern.al and it’s for Fractional Ownership Of Cash Flowing Businesses Without The Work.

This platform is designed to take among the danger out of shopping for a enterprise whereas additionally making it simpler for companies to boost the funds by promoting fractional stakes in a enterprise.

It is a drawback that’s been solved with actual property and is after all much like how the inventory market works.

However to my data, it’s not but been carried out for the acquisition of native companies.

Hyperlinks and Assets from this Episode

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