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Old June 17, 2021, 09:26 AM
Dien Rice Dien Rice is offline
Onwards and upwards!
 
Join Date: Aug 2006
Posts: 2,906
Default People who "ran" with this idea I wrote about made $29.4m a year...

Hi Gordon,

I've been writing about business ideas for my newsletter since 2002 (the current one, and its predecessor)... Since then, I think I've written about more than a thousand different businesses...

Of course, certain ones stick in my mind.

Here's one of those...

Back in 2007, in the Hidden Business Ideas Letter I wrote about a person in London who was making money from renting out his driveway, which he hardly used. Instead of paying high prices for parking, people would rent his driveway, which was in a good location, so they could park there. He was making over $10,000 a year at the time in extra money, just from just renting out his driveway.

Here's the introduction to the idea from that issue (Issue #10), back in 2007...
"Dollars From Your Driveway

"Almost everyone's been in the situation where you're in a big city and you're looking around for a place to park, but all the paid parking lots are either full or as you drive by you think to yourself or say out loud, 'I'm not paying that.' So, you keep driving around and wasting gas looking for an affordable spot to park and did you ever pass a home with an empty driveway and think 'I wish I could park there and just be done with it?' One person living in London makes about $10,000 a year letting people do just that!"
Just recently, I thought I'd look at what's happened in that business...

It turns out that in 2015, a business started in the USA called Pavemint.com. What do they do?

They organize it so you can rent out your driveway to people who want to park there.

They were bringing in $29.4 million a year (though it looks like it's temporarily reduced to $7 million a year, due to Covid)...

They started 8 years after I wrote about the idea!

They have a few competitors too... Like Curbflip.com, which also started in 2015...

So... if you'd been reading the Hidden Business Ideas Letter back in 2007, you could have had a 8 year jump start on Pavemint.com and their $29.4 million a year in revenues... and on Curbflip.com too...

That's the kind of thing we're talking about.

I like to be ahead of the curve, and in many, many cases we are ahead of the curve.

That's one which stuck in my mind (there are more!)... which time has shown was a very valuable idea for those who took action on it...

Of course, of the real working businesses I'm writing about today, many will be extremely valuable in the future... But you gotta take action to reap the benefits... (And be a subscriber... ) It's less than the cost of a cup of coffee a week...

Thanks Gordon!

Best wishes,

Dien

Quote:
Originally Posted by GordonJ View Post
My opinion. And I go way back, to George Haylings books from the 1950's.

It is my opinion, that our host, Dien Rice, PhD. has surpassed all of those who have reported on business opportunities over the years including:

George Haylings, Chase Revel (Founder of Entrepreneur Magazine), and a host of business startup anthologies. Why?

Because for the last 15 years he has included the pros, cons, expenses and MARKETING, which was and is lacking in most books with long lists of startups.
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