Chapter
Starting a Successful Niche Business on Yelp
50:16 - 54:08 (03:51)
The key to success in starting a niche business is by using Yelp to determine an unsaturated market, such as lawn cutting or irrigation services, and outperforming competitors on the platform. This strategy has been successful for the speaker and his business partner, who have founded or funded several companies with collective earnings of $10 million.
Clips
The pressure to raise millions of dollars in funding may not actually lead to success for entrepreneurs, with many investors taking bigger cuts than necessary.
50:16 - 52:24 (02:07)
Summary
The pressure to raise millions of dollars in funding may not actually lead to success for entrepreneurs, with many investors taking bigger cuts than necessary. Starting small and building a dedicated following can prove to be more fruitful in the long run.
ChapterStarting a Successful Niche Business on Yelp
EpisodeGreatest Hits #6 - Sam Tells All, Again - Selling for 10s of Millions after Making Millions with an Email Newsletter
PodcastMy First Million
The key to starting a successful niche business is to focus on a specific service in a specific location and beat competitors on platforms like Yelp.
52:24 - 53:37 (01:13)
Summary
The key to starting a successful niche business is to focus on a specific service in a specific location and beat competitors on platforms like Yelp. By thinking outside the box and not being afraid to go against the obvious, you can create a profitable business in unexpected ways.
ChapterStarting a Successful Niche Business on Yelp
EpisodeGreatest Hits #6 - Sam Tells All, Again - Selling for 10s of Millions after Making Millions with an Email Newsletter
PodcastMy First Million
The owner of a dog ramp company reports that they will make 40 million dollars this year, as they provide a solution for small dogs to get on furniture.
53:37 - 54:08 (00:30)
Summary
The owner of a dog ramp company reports that they will make 40 million dollars this year, as they provide a solution for small dogs to get on furniture.