The Exchanges

Q Okay, so what is your, your vision here? So you're gonna, let's, you know, to create a business around this, like you'd actually, like how do you actually take this from, okay, I'm, I'm buying cheap, undervalued pizza ovens to like, I, I, this is an automated business that's generating income.

A So what I would do is I would have the operator go do research on eBay, uh, pricing research and give me an average price for the same make model oven. And then let's say it's 300 dollars. I would have it go make offers on my behalf for a 150 for every Gosney that's been listed for 30 days or more, the longer it's been listed, the more likely they are to take a lowball offer. As soon as they say yes for a 150, um, I would go lit. I would take the pictures, list the same thing on eBay. Um, for 250, um, at a buy now price, once it sells, I would collect payment, I would send the payment to Facebook, to Facebook Marketplace, and I would provide the ultimate end buyer's, uh, address to the Facebook Marketplace seller, and they would just ship it directly to them.

AI assessment note: “I would have the operator go do research on eBay, uh, pricing research”

Q rank high in Google. That's why I like SEO, and that's why I use BoringMarketing.com, and that's why I invested in it. They're so confident in their approach that they offer a 30 day sprint with a hundred percent money back guarantee. Who does that nowadays? So check it out. Highly recommend BoringMarketing.com. Alright, next idea, uh, Number four, let's, let's, I like this idea. Tell me more about it.

A Okay, so Shady Rays is a hundred and thirty million dollar, um, sunglasses brand, and their entire business was built on their lifetime warranty. And so forget like Patagonian, what all the other brands do, because that's a different expensive product. Shady Rays said, we know that you're going to break or lose your sunglasses. Don't worry about it. You know, we will replace them, no questions asked. So it's not like, you know, you have to return them if they're broken. It's If you lose them, we will replace them. And then they work like a, a restocking fee into it to where they, they break even on all the replacements. They work the numbers into it where they're like, all right, you know, most people replace their glasses .7 times over their lifetime. So, and then they, the, the lifetime warranty allows them to charge a lot more than a competitor and they crush it. So I just love the idea of copy pasting this exact value proposition in any other industries. Such as sandals, like flip flops, lifetime sandals. Um, same thing, right? You can go to AliExpress and buy nice looking flip flops for three to four dollars. Shipping is 50 cents to a dollar. Sell them for 50 to 70 dollars. You have amazing growth margins. You charge five dollars, um, every time someone needs to replace them. The five dollars covers the three dollars in shipping and the two dollar sandals, and you're great…

AI assessment note: “I just love the idea of copy pasting this exact value proposition in any other industries.”

Q And how important is like the first edition nature of it?

A That's important, um, because they printed all kinds of runs, so they, it has to be first edition from 1999, but then there's also some alpha in there. Some cards are misprint, like two to five percent of cards are misprints that are worth, like instead of 20 cents, they're worth 20 bucks, so you pull those out, um, and then some cards are like mint condition, and you send them in to get graded for 15 bucks each, and they're worth a hundred bucks, so The trick is to kind of cull out the best of the best and the ones that have flaws and get those graded, and then you can flip those right away to get all of your money back and then some, but other than that, you just sit on them forever. What do we think?

AI assessment note: “That's important, um, because they printed all kinds of runs”

Q That's cute. Yeah, exactly. Um, all right, what's your, what's your next idea?

A That's, that's, that's a really good point. Um, alright, let me pull this bad boy up. All right, I'm going to take a, I'm going to take a left turn here, if you don't mind. It's going to go a little different. We're going to go right here. Guys, I'm amped up about this business. I'm a cyclist, and I hate washing my bike. Everyone hates washing their bike. Germany is the world leader when it comes to health and fitness trends, and those trends always come out west. Here's exactly how you make a thousand bucks a day doing this. This is a mobile bike wash automated on a trailer. You know how many places you can post this up at? Bike parks, bike shops, trailheads, cycling races with thousands of cyclists. All of them need this, and it's a perfect business right now because cycling has exploded in the last few years. E-bikes, mountain bikes, road bikes, gravel bikes. There are millions of cyclists in the U.S. spending thousands of dollars on their bikes, and these aren't casual riders. They're people that have five to 15,000 dollar bikes that care about maintenance, but they also don't have time or the desire to wash their own bike. It takes an hour. You need a hose, soap, brushes, degreasers. Most people are in apartments. They don't have a good outdoor space. So what do they do? They just don't wash their bikes or they pay a bike shop way too much money to do it and wait a week to…

AI assessment note: “This is a mobile bike wash automated on a trailer.”

Q rank high in Google. That's why I like SEO, and that's why I use BoringMarketing.com, and that's why I invested in it. They're so confident in their approach that they offer a 30 day sprint with a hundred percent money back guarantee. Who does that nowadays? So check it out. Highly recommend BoringMarketing.com. Alright, next idea, uh, Number four, let's, let's, I like this idea. Tell me more about it.

A Okay, so Shady Rays is a hundred and thirty million dollar, um, sunglasses brand, and their entire business was built on their lifetime warranty. And so forget like Patagonian, what all the other brands do, because that's a different expensive product. Shady Rays said, we know that you're going to break or lose your sunglasses. Don't worry about it. You know, we will replace them, no questions asked. So it's not like, you know, you have to return them if they're broken. It's If you lose them, we will replace them. And then they work like a, a restocking fee into it to where they, they break even on all the replacements. They work the numbers into it where they're like, all right, you know, most people replace their glasses .7 times over their lifetime. So, and then they, the, the lifetime warranty allows them to charge a lot more than a competitor and they crush it. So I just love the idea of copy pasting this exact value proposition in any other industries. Such as sandals, like flip flops, lifetime sandals. Um, same thing, right? You can go to AliExpress and buy nice looking flip flops for three to four dollars. Shipping is 50 cents to a dollar. Sell them for 50 to 70 dollars. You have amazing growth margins. You charge five dollars, um, every time someone needs to replace them. The five dollars covers the three dollars in shipping and the two dollar sandals, and you're great…

AI assessment note: “Shady Rays is a hundred and thirty million dollar, um, sunglasses brand”

Q Like, how, okay, how, how big of a business could you create around this?

A Good question. Um, I think you could build a six or a seven figure business around what I'm doing here. Not necessarily for pizza ovens, but for anything undervalued. Um, it's just arbitrage. So, you know, if you're going to, if, if I'm going to clean out my garage and there's an old pizza oven in there and I want to sell it, even though I know about all these marketplaces, cause I've been just a side hustler my whole life. I'm just going to listen on Facebook marketplace. Because it's the most frictionless and it's local and I don't want to ship it and it's easy. Um, but if I had more time, I would probably list it on eBay cause it's a much bigger audience. Um, and so there is an opportunity for anyone to find any preferably high ticket product that is listed on one market at an undervalued price and then sell it on another market at a fair market price. Um, this is something that I'm not inventing. People do it every day, but they're either doing it themselves or using, um, uh, virtual assistants to do it. Whereas now this can all be done in the background for me.

AI assessment note: “I think you could build a six or a seven figure business around what I'm doing”

Q So you, you can do like a thousand stickers and sell it for how much?

A Um, oh man, let's see. I would think like 50 bucks, a 1010. So, I mean, a thousand stickers will probably cost you, if it were sent each, that'd be 10 bucks each. That's not realistic. It might cost you 25 or 30 bucks. Right. So, sell for one to 200 bucks a roll, but you could sell like a case of five or six rolls, you know, and set them up on a, uh, on a subscription. You could get their, like, name, custom printed, or whatever. Um, and so I think, like, the, Potential downside that people are thinking about this is like, well, who's stopping like Vistaprint from just like selling their own, you know, like just taking their round stickers and calling them, you know, anti spike drink stickers. Well, it's like, it's competition, right? No one, like these bar owners aren't going to think to go to Vistaprint to get this brand new product that didn't exist. They're going to buy it from the guy that conveniently walks in and solves a problem right there on the spot.

AI assessment note: “sell for one to 200 bucks a roll, but you could sell like a case”

Q Who, who's doing, like, who can we study that does lead generation really well? And like, what's the scale of a, of a big lead gen business?

A Who can we study? I'm not sure on that, but They can easily get to be eight figure, multiple eight figures in revenue, especially if they're in a profitable niche. For instance, there is a, um, there's a nationwide dumpster rental company, and unless you know what you're looking for, you would never know that they don't actually have a presence in all these cities because they have a Google My Business profiles, they have reviews on all these profiles, they have all the city names, but there is no physical location. Um, they're just selling these leads to local dumpster rental companies, but the hard part of the lead generation business is finding, um, a centralized buyer for all the leads. Otherwise you're having to wrangle up 500 different house painters and begging them to say, hey, my leads are better than Thumbtack or Angie's List. And so I think the key here is to pick an industry that's fairly consolidated, that has big players, maybe their franchises, maybe it's just a big national chain where you can talk to one person Who has locations in hundreds of cities and say, hey, I'm gonna give you the first hundred leads for free. You're gonna love them. After that, I'm, I'm gonna charge you 40 bucks every time we send a lead your way. It's just one point of contact.

AI assessment note: “They can easily get to be eight figure, multiple eight figures in revenue”

Q But is that like malicious? Like, is this, is this, is it worth people spending their time on this sort of stuff?

A It's a, oh, okay. So I get asked that question a lot. Like people will approach me with a business idea. Like Chris, what do you think? What do you think? And one of my first questions back to them is like, what else do you have on your plate? Like, what else are you looking at? And some people are idea machines. And the one they're asking me about is one of like 50 that they're kind of throwing around. And some people are like, that's all I got. Right? And so I'm always very cautious to tell them like, you're pretty biased because this is all you got. The, the statistical probability that the only idea you have being like the best use of your time and money is almost zero. So keep that in mind, irrespective of my opinion of the idea. It's probably not the right idea for you because you don't have anything to compare it against. Right? So if someone's listening to this and like it all comes down to their background, do they have like a background in product development? Do they have a background in short form video or editing or whatever? Um, this could be the perfect idea for them. Um, but if someone has no experience or background in that, or they're not insanely passionate about it, or they have 50 other ideas, then it's a terrible idea for them.

AI assessment note: “it all comes down to their background... this could be the perfect idea for them”

Q Would you sell this door to door, or are you thinking also, like, meta ads?

A So, meta ads, you know, would probably work, because it works for basically anything, but I would scrape Every single bar, um, preferably in a local area, just so you can preferably in your local area, so you can have a tie to it, um, and send them free samples, um, like enough to where they could use them for a week or a night. Um, and I feel like it has like this, this viral effect, like people are going to post it to their stories and people are going to talk about it and they're going to be the bar in town. That's like the sales pitch of like, you're the safest bar in town because you're buying this from me. And it costs you almost nothing. And it's like, it's a liability to not buy this from me. What do you do? How are you still in business not buying these stickers from me?

AI assessment note: “meta ads, you know, would probably work... but I would scrape Every single bar”

Q But is that like malicious? Like, is this, is this, is it worth people spending their time on this sort of stuff?

A It's a, oh, okay. So I get asked that question a lot. Like people will approach me with a business idea. Like Chris, what do you think? What do you think? And one of my first questions back to them is like, what else do you have on your plate? Like, what else are you looking at? And some people are idea machines. And the one they're asking me about is one of like 50 that they're kind of throwing around. And some people are like, that's all I got. Right? And so I'm always very cautious to tell them like, you're pretty biased because this is all you got. The, the statistical probability that the only idea you have being like the best use of your time and money is almost zero. So keep that in mind, irrespective of my opinion of the idea. It's probably not the right idea for you because you don't have anything to compare it against. Right? So if someone's listening to this and like it all comes down to their background, do they have like a background in product development? Do they have a background in short form video or editing or whatever? Um, this could be the perfect idea for them. Um, but if someone has no experience or background in that, or they're not insanely passionate about it, or they have 50 other ideas, then it's a terrible idea for them.

AI assessment note: “it all comes down to their background... this could be the perfect idea for them”