Chapter
Creating Niche Million Dollar Businesses
30:44 - 35:12 (04:28)
The podcast explores the idea of creating a niche million dollar business out of common commodities like fire starters, shovels and fire pokers by putting in more thought and creating unique experiences around them.
Clips
Creating a natural fire starter that helps you get a bed of coals without the use of chemical logs.
30:44 - 31:50 (01:05)
Summary
Creating a natural fire starter that helps you get a bed of coals without the use of chemical logs. The product includes a shovel, broom, and fire poker.
ChapterCreating Niche Million Dollar Businesses
Episode#156 - David Segal Talks Building a 9-Figure Tea Business, Decommoditizing Boring Products & The Future of Retail
PodcastMy First Million
The speaker shares his strategy for finding niche million-dollar businesses by walking down the aisles of big box stores and identifying products that are commodities but lack a good experience.
31:50 - 33:04 (01:14)
Summary
The speaker shares his strategy for finding niche million-dollar businesses by walking down the aisles of big box stores and identifying products that are commodities but lack a good experience. He emphasizes the importance of putting some thought into creating a better experience for such products and going direct to consumers.
ChapterCreating Niche Million Dollar Businesses
Episode#156 - David Segal Talks Building a 9-Figure Tea Business, Decommoditizing Boring Products & The Future of Retail
PodcastMy First Million
Method, a company that designs and manufactures sustainable cleaning products, was created to stand out in a crowd of similar-looking products.
33:04 - 34:43 (01:39)
Summary
Method, a company that designs and manufactures sustainable cleaning products, was created to stand out in a crowd of similar-looking products. The founders aimed to make environmentally friendly cleaners, and their efforts have paid off as the brand has become a giant in the industry.
ChapterCreating Niche Million Dollar Businesses
Episode#156 - David Segal Talks Building a 9-Figure Tea Business, Decommoditizing Boring Products & The Future of Retail
PodcastMy First Million
The speaker expresses interest in Durlog, a company with $500 million in sales but not many employees.
34:43 - 35:12 (00:29)
Summary
The speaker expresses interest in Durlog, a company with $500 million in sales but not many employees. He suggests partnering together and referencing the entrepreneurial successes of Ricky Van Neen, who started College Humor and Vimeo.