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- New business ideas: $2M Amazon replens, $16K kickstarter, $1K history app š¤
New business ideas: $2M Amazon replens, $16K kickstarter, $1K history app š¤
eBiz Insider Business Ideas Newsletter
Hey, it's Niall š
I'm planning to test out some "too good to be true" ways to make money online.
Have you seen any of those promoted on YouTube / TikTok / elsewhere?
If so, please send them my way š
I'll give a few of them a try and share my results.
Alright, let's get to today's batch of business ideas.
Niall Doherty, eBizFacts.com
Contributor: Fardeen Khan
AMAZON
His 2-Person Business Sold $2.1M on Amazon Last Year
A recent interview on YouTube with an Amazon seller named Elijahā¦
He looks about 30 years old, started selling on Amazon in mid-2020.
And he finished 2024 at "right about $2.1 million in sales" š°
It's just him and one employee, though it sounds like they're working long hours.
Elijah doesn't say what kind of profit his business is doing, but typical margins with an Amazon FBA business are 10-20%.
So he probably pulled in $300K profit last year š¤
Likely more since they've started doing more fulfillment themselves (ie. FBM instead of FBA).
Elijah follows a "replens" model on Amazon, meaning he sources and sells replenishable products ā items that sell consistently and can be restocked repeatedly.
Prime example = cosmetics š
You might think it's too late to start selling on Amazon, that it's saturated already.
But check out their steady upward revenue growth since 2007 š
Meanwhile, only 15% of retail sales happened online in 2024.
Still plenty of opportunity there.
SPONSORED
The Blueprint For Building A Profitable Amazon Business
The aforementioned Elijah credits Proven Amazon Course with helping him build the business that earned $2.1 million last year.
I went ahead and researched that training from scratch recently and published the above video review a few days ago.
In the video I coverā¦
More about the Amazon replens strategy
How much money you need to start
What kind of results other students are getting
Linksā¦
KICKSTARTER
They Prepaid Her $15,731 To Make These Products
Becca Jones from Wales is the founder of RebelJones, a self-described stationery business.
Becca published a video last April detailing how she's raised funds to launch several products via Kickstarter since 2020ā¦
Know Your Worth pins ā Ā£250 goal, raised Ā£858
Fearless Dreamer pins and keychains ā Ā£1500 goal, raised Ā£1537
Youāve Flipping Got This pins ā Ā£600 goal, raised Ā£1672
Dream Plan Do journal ā Ā£750 goal, raised Ā£1432
Nora the Pig plushie ā Ā£1450 goal, raised Ā£3990
Purple Bullet Journal ā Ā£1600 goal, raised Ā£2896
Totalsā¦
Ā£6150 / $7811 goal
Ā£12,385 / $15,731 raised
Kickstarter has been a great way for Becca to fund initial production of her physical products, proving there's demand before investing much time and money.
She says social media is key for a campaignā¦
Build it up on social media as much as possible. Talk about it, show sneak peeks, and get people involved with polls.
Howeverā¦
You donāt need loads of followers to succeed. My first Kickstarter was funded with less than 1,000 followers on Instagram.
Perhaps try this yourself if you have an idea for a product.
SHOPIFY APPS
$1+ Million Startup Ideas Are Between These Gaps
Daniel Dalen describes himself as "a 26 y/o 8-fig entrepreneur"
A recent podcast appearanceā¦
There Daniel mentions one of his main products: Last Mile Fulfillment
It's aimed at ecom store owners who don't want customers to see that the products are coming from China.
So it replaces mention of China in the tracking info with something like "USPS tracking,ā which feels more local and trustworthy.
Daniel says on the podcastā¦
DTC is such an incredibly interesting space with so much money flowing in every single direction for people that want to build products to save time, to increase convenience, to increase conversion, to be somewhere between those gaps ā even if you only take 10 cents [from each transaction], there is so much opportunity thereā¦
I am a massive fan of building on top of the Shopify infrastructure just because I know how big it is and how much it's growing
Indeed, it's growing 20-25% per year.
How to find an idea for a Shopify app or service?
Most reliable way seems to be: talk to Shopify store owners.
That's how these 2 guys did itā¦
MEME BREAK
Wait, He Actually Made Some Sales?
PHYSICAL GOODS MARKETPLACE
They Started a $118M/Year Marketplace by Cold Calling
Check out Boom & Bucket, a marketplace for heavy equipment like cranes and bulldozers.
They launched in 2020 š
Their blurb on LinkedInā¦
For sellers, we make it quick and easy to get your equipment online with best in class photos, videos, inspection reports and pricing analysis.
For buyers, we provide top notch support and transparency so that you can make an informed buying decision.
Latka reportsā¦
BOOM & BUCKET hit $188.6M revenue with a 37 person team in 2024
That's up from $66M in revenue in 2021 š°
CEO Adam Lawrence talked in a July 2023 interview about how he and his team validated the idea for Boom & Bucketā¦
We spent from September through probably February of that year just talking to customersā¦
If you were selling a piece of equipment on Craigslist or Facebook Marketplaceā¦ we picked up the phone, we just gave you a call and said, "Hey, why are you doing thisā¦ do you like it, what works, what doesn'tā¦"
By the end of that process we had this 125 page doc of lessons learned about what we thought was right and wrong about this space and what we thought the opportunity was
What goods are still primarily sold via Craigslist or Facebook?
Might be a category there that could use its own dedicated marketplace.
APP DEVELOPMENT
His Freemium History App Earns $1000 Per Month
Wes Vance posts on HackerNewsā¦
I built explorehere.app to help you learn about the history of the world around you by sending a push notification whenever you pass a new historical marker on your travels!
Itās a freemium app with a pro subscription for advanced features; our revenue is just under $1k/month.
Cool app, been around since 2021.
Can't help but notice though that it only serves the US market.
I'm thinking a similar app could do even better in other parts of the world, many of which have way more (and better-preserved) historical markers.
You could start by building it for a big city with a rich history, like London.
If that gets a good response, expand.
Free Download š„
I've put together an ebook of a few dozen ideas recently featured in the newsletterā¦
If you'd like to support this newsletter, I also have the ebook listed for sale on Gumroad, where you can pay whatever you want for it.
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