A super fascinating industry with tons of room for new stuff: Negotiation as a service (NaaS?)

It's a wildly interesting business model.

Why?

Only pay if you save money, making it a no brainer to buy.

Here are a few examples that exist as well as opportunities in the space:
Also, just FYI.

@ShaanVP and I went over this on the pod (we break down business ideas and opportunities).

The pod goes live tomorrow, so subscribe here: podcasts.apple.com/us/podcast/my-…

OK, now let's get into it...

We'll start with the MOST interesting.
Inside Car Buying.

Maybe the most interesting example because its an old site, bad design, and rarely updated. Aka lots of opportunity!

How it works: Pay $499, tell 'em the car you want, they find and negotiate the best deal for you.

insidecarbuying.com
They claim average savings of $4500. If they don't save $, you get ur money back.

Seems straight forward. They likely have email scripts and blast out emails to dealers that have the car you want and they know patterns in deals.

Prolly lots of offshore workers doing it.
I think someone could take this model and spruce it up. Make the design better, do a bunch of marketing via YouTube car channels and Instagram.

There's something like 20m cars sold a year. Getting 100,000 customers would be huge ($50m/year), saving customers close to $500m.
mainstreet.com

Mainstreet saves startups $ by getting tax credits most accountant miss. Connect your payroll to them and they find money to save. Mainstreet gets a cut of savings.

I've done this by hand. Saves TONS.

No brainer to let them do it.

I heard they crush.
Where's the opportunity here?

Well, prolly doing this same thing. It's a huge, huge market. The hard part is likely acquiring customers (expensive), not the tech to make the product.

So if you have a good built in distribution (like a 1m email list :) ), it could crush
buyer.co

Partially owned by @awilkinson, Buyer saves startups money on software. Tell Buyer the saas you use and it appears they email the vender to get you a better deal.

I guess they scale by hiring loads of offshore folks to email venders for you.
If you spend $500k a year on SaaS, Buyer says they'll save you $76k.

I think this can be huge, but they claim they'll help you save on more than SaaS. Even office furniture.

IMHO, I'd focus solely on saas. Doing more seems super difficult.
One of my favs that no longer exists: Fixed.

Now shut down, Fixed helped me save money on parking tickets.

I used this app. It was magical. Fixed alerted me when I got a parking ticket, often before I got to me car then fought it automatically.

techcrunch.com/2015/10/12/fix…
Fixed automatically fought tickets for you.

And if you won, you paid them $75 instead of the $150 ticket.

SF shut the app down.

@DoNotPayLaw is another app in this space. It's not as magical, but neat. They automatically send a letter to the gov to fight your ticket.
These are a few examples of NaaS that I think are interesting.

Now let's talk about new ideas where we can use this model:

1. Salary. I've hired a lot of people. The diff between good negotiators and bad is pretty big. Could easily be a 5-10% increase.
Negotiating for salaries is uncomfortable. But if you make $100k-$200k/year, this could be +$10k of extra money for you!

Having a negotiator help you reply to offer emails could be huge! And if they can get 10% of your increase, could be quite lucrative for writing 3 or 4 emails
2. Taxes for consumers. This is already a thing. You'll hear the ads on the radio. They sound pretty shady tbh. But it's a huge space.

Companies help you negotiate debt with IRS, credit card companies.

The problem here: acquiring customers.
Debt settlement is one of the most expensive words to buy on Google.

Also, repeat customers. How often will a user use this service?

Regardless, this area is industry is intriguing simply because its old but notoriously shady. AKA: opportunity to improve.
Ok. That's it.

What else am I missing?

Rent? Cell phone bills?

Comment below.

Also... SUBSCRIBE HERE to here the pod and more like it: podcasts.apple.com/us/podcast/my-…

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Sam Parr ⚪️

Sam Parr ⚪️ Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @theSamParr

24 Feb
Here's a business you can launch in 6 months that could easily make $1m a year:

Scented Duraflame logs.

Hear me out...

🧵< - this means a threads about to happen fyi.
Duraflame logs.

These are packaged logs you see at WalMart or 7 Eleven. You use them to help start a bonfire or fireplace farm.

Duraflame appears to be family owned. AND MASSIVE. I'd bet $500m/year in sales based on some high level research with only ~100 employees. Image
Now, here's what I'd do.

There's this awesome brand called HomesickCandles.com. They make candles that smell like your hometown.

NYC candle smells like Central Park. Oregon like maple and vanilla. The business was recently sold. Prolly does $20-$40m/year in sales.
Read 9 tweets
19 Feb
I was just trapped in a snowstorm in a 2-bedroom apartment 72 hours with one of the most powerful venture capitalists in the world.

This person (@andrewchen) is a partner at Andreessen Horowitz

I asked them how to get rich through angel investing.

Here's what they told me...
Background: I live in Austin. @nevmed (my buddy), @noahkagan and @andrewchen were flying out of Austin for a vacay.

But the storm hit. Nev was the only one with power...so we all crashed there!

Andrew is a well known investor, entrepreneur, and blogger.
I asked Andrew to summarize his angel investing philosophy. He's an investor in Dropbox, Substack, and more.

These are generalizations and we were just casually hanging out. There are nuances here.

But here are his 5 tips and tricks he used to be a successful angel investor.
Read 11 tweets
3 Feb
NEWS: My company The Hustle is being acquired by @HubSpot !

Very exciting day. Let me fill you in on:

- why a publicly-traded software company is buying a media startup
- how much they paid
- what happens next for The Hustle
- how it impacts you

(a thread!)
PRICE:
Let’s talk money. You wanna know how much we sold for.

Early in my career I was transparent with money. But I didn’t like the result of sharing that stuff.

So we’re not disclosing the price and HubSpot has agreed. I'm taking it to the grave!

Sorry for the let down...
BACKGROUND:

I read the Ted Turner (CNN) bio 5 years ago. A loud outsider who loved news. It inspired me to start The Hustle.

The plan was to build a huge email audience with business news that profits w/ ads then use profits to build our own products, then make more content!
Read 14 tweets
2 Feb
This week we sent our 100th Trends weekly research email where we explore up and coming businesses.

Here are the top 10 rated by users:

10. 💡Expired Patent Opportunities: hims created a Viagra alternative due to an expired patent. We show other patents that are set to expire
9. Ecomm-as-a-Service 🙋: We break down the business model of ecom as a service.

8: 💸 The Rise of Digital Estate Planning: Businesses that are booming by making the process of what will happen to your digital assets after your death.
7: 🏨 Boutique Hotels: 4 months before the pandemic I wrote about booming business of creating motels. Well, here's how our insight changed during the pandemic.

No. 6: 🏗️ The Rise of Visual Novels: Visual novels out of Japan are entering the mainstream.
Read 5 tweets
5 Jan
My buddy @talktohenryj wrote a guest thread for me about @TopeAwotona

This guy's story is crazy!

His father was murdered in front of him when at 12. Mom died 2 months into starting his company.

Today he runs a $70M ARR bootstrapped business (Calendly).

A thread/
2/ Born in Lagos, Nigeria, Tope was the third of four children.

His mother was the Chief Pharmacist for the Central Bank of Nigeria and his father was a microbiologist for Unilever.

Life was good.
3/ That is until his father was killed in front of him during a carjacking.

This changed everything.

Tope’s father always had a dream of being a successful entrepreneur.

He never quite achieved that but his death motivated Tope to become a successful entrepreneur.
Read 13 tweets
21 Oct 20
I saw this clip last night and stayed up to the early AM thinking about it. Made me emotional tbh.

I think it does a better job of explaining what our company does better than I ever have.

The clip is Chamath, vc who funds cool companies.

And regardless if you use our company's stuff, I think there's a lot to be learned from this (and stuff you can do on your own).
When asked how his firm finds interesting ideas to fund or companies to start, Chaamth says this:

"We basically sit around and we ideate.

We generate a bunch of ideas on a whiteboard and then try to filter by getting experts.
Read 21 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!