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People who "ran" with this idea I wrote about made $29.4m a year...
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 DrivewayJust 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...
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