Chapter
Finding Data Opportunities
25:36 - 29:46 (04:10)
The speaker discusses finding niche opportunities when gathering data instead of trying to cover everything at once, and gives examples of high consideration products like pool pricing and how US News and World Report used data to generate millions in revenue.
Clips
The potential value of data in the education industry is becoming increasingly clear, with the growth of companies like US News and World Report.
25:36 - 28:19 (02:42)
Education
Summary
The potential value of data in the education industry is becoming increasingly clear, with the growth of companies like US News and World Report. Starting with niche markets and focusing on subjective criteria, like student to teacher ratio, is a key strategy for success.
ChapterFinding Data Opportunities
EpisodeData-Based Businesses, Executive Briefings, and Spotting Scams with Anand Sanwal
PodcastMy First Million
The pool industry is known for its opaque, highly variable and high consideration pricing model.
28:19 - 29:46 (01:27)
Pool Pricing
Summary
The pool industry is known for its opaque, highly variable and high consideration pricing model. An idea is presented to build a database of pool pricing information through Mechanical Turk.