- 41% of Gen Z acquired a luxury watch in the last 12 months
- Avg spend on a watch was $10,870, millennials spend 1/2 that much
- Gen-Z buys on avg 2.4 new watches per year
- 21% more likely than other generations to use debt
Wild.
My best guess is you have TikTok creators who romanticize watch flipping.
People are buying it half for the flex, half for the investment.
Niche internet communities are in high demand. And it's not stopping.
But the best part isn't the traffic from Reddit. It's the ideas and trends.
My entire business is plan is listen to what people say on Reddit, and build internet products for them.
It keeps working.
It’s never been easier to find ideas to build and build ideas quickly
There are tons of bad startup ideas.
But ideas from subreddits are validated.
People are literally telling you what they want.
I’ve learned 3 main things about finding business ideas within reddit
1) There are more business ideas you have time for 2) Choosing the right subreddit to focus on is paramount (too big is bad, too small is bad, growing is good) 3) Prioritize by their willingness to pay/impact
I interview top founders 2x per week on "The Startup Ideas Podcast"
Here are 8 ideas free startup ideas that could make $10k-$1M/month (with no investors):
1. Google Ads for XYZ
Everyone is searching on Google for tips on how to run ads.
You can dominate YouTube search results with tutorials tailored to specific niches.
Think "Google Ads for apartments" or "Google Ads for car dealerships."
This model works for any niche.
1) Pick an industry 2) Master the nuances 3) Crank out helpful content
Tutorial videos drive ad revenue, open up affiliate marketing opportunities, and open the door for a specialized agency.
Huge opportunity target high-value keywords and monetize every step of the way.
h/t @codyschneiderxx
2. Pay-for-performance CRO agency
The model is simple but brilliant:
Find e-commerce businesses with room to improve their conversion rates, then take a percentage of the additional revenue generated as your fee.
Let's say you double a client's conversion rate from 1% to 2%. If that increase is worth $25 million to their bottom line, taking a 10% cut is $2.5 million in your pocket.
Not bad for a day's work.
The beauty of this model is that it's pure upside for the client. They only pay if you deliver results, so it's a no-brainer for them to sign on.
If you've got the CRO skills, this is definitely an idea worth pursuing.