BUSINESS IDEA | STARTUP

AI for Reselling 🤖

Always be reselling

Available Domain: Resales.ai

1. Problem/Opportunity❓

The Problem/Opportunity: If you’ve ever tried to sell your items secondhand you know it’s a gruelling process. Particularly when buyers like this exist.

You have to list products on multiple different platforms, manage different listings, set prices, engage with buyers and the whole process can be incredibly tedious. It could be so much better though.

Market Size: In 2022, the global secondhand market reached $177 billion, while the U.S. used item market grew to $39 billion

2. Solution ✅

The Idea: An AI-powered platform which helps users to easily sell their second hand items

How it Works:

• Users sign up to the platform and take pictures of the items they’re looking to sell

• When they do listings are automatically generated including a description of the product and a suggested selling price based on similar items for sale across different platforms

• Listings are then automatically posted on various platforms, such as eBay, FB Marketplace and any resale sites more specific to a particular product

• The AI can message potential buyers too to weed out realistic ones and to remove

Go-to-market: Start by working with individual resellers then move to work with reselling businesses once the product is working

Monetisation: subscription fee (based on number of items listed)

Startup Costs: you’d need a few thousand dollars to get this off the ground and to get some engineering talent to build the connectors to the different platforms

Competitors: your biggest competitor here would be vendoo, who offer multichannel listings but limited other functionality

3. How You’ll Get Rich 💰

Exit Strategy: Sell to one of the large reseller platforms in the market, such as Ecwid (owned by Lightspeed) or Decluttr for example

Exit Multiple: You’d likely fetch an EV/Revenue multiple of 5.0x or 15x - 20x EBITDA multiple, so either grow fast or stay profitable here!

TOGETHER WITH BULLSEYE TRADES

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And this carbon-neutral mining stock has positioned themselves to take over.

In many cases… they already have.

This emerging Crypto Trend just put a spotlight On this $1 Hidden Gem.

Read Bullseye Trade to learn more.

DRUNK BUSINESS IDEA

Plane Clapping App

There are two types of people in the world. People who clap when the plane lands, and normal people. And in a market rife with competition airlines are always looking to charge extra for whatever they can get away with (I’m looking at you Ryanair).

Well we’re solving both of these problems with ClapApp. ClapApp fines passengers if they clap when the plane lands. Simple.

Coming soon to an app store near you…

JUST THE TIP

Trend 📈: Companies are Doing More With Less

Companies are becoming more efficient.

Back in 1990 an S&P 500 company needed 7 employees to generate $1m in revenue. In 2022 that number had fallen to just 2 employees. And with productivity gains driven by AI we’re likely to see this trend continue or even accelerate.

Many S&P 500 companies will have to shed headcount since many leaner, AI powered competitors with small teams will emerge to compete.

Business Opportunities:

• AI consulting for large companies to boost productivity

• Build cheaper alternatives of popular software with a smaller team

• One-and-done VC fund

THE MONEYSHOT

Making $10bn/year Selling Candy

In yesterday’s edition of Half Baked we covered the incredible story of and Isaac Medeiros and his Mini Katana business.

But what if I told you that Isaac just launched a business 5 months ago that he believes will be far bigger than his Mini Katana business?

Well he did.

Just 5 months ago Isaac launched Kanpai Foodz, a freeze-dried candy brand. Freeze dried candy is the latest confectionary craze. Freeze-drying candy leads to an enhanced and concentrated taste profile and a new and improved crunch to the candy.

And Isaac is applying the exact same playbook to this brand - content first. He’s only getting started but expect to see viral videos from Kanpai doing the rounds any day now.

But why is Isaac so much more bullish on candy than his Mini Katanas?

It’s simple really. TAM. Isaac and his team are able to access a much larger Total Addressable Market selling candy than he could by selling swords.

In Isaac’s own words: “You can make $10m/year selling swords, but you can make $10b/year selling candy.”