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- New business ideas: $100K AI-coded apps, $13M local news site, $17K database 🤑
New business ideas: $100K AI-coded apps, $13M local news site, $17K database 🤑
eBiz Insider Business Ideas Newsletter
Hey, it's Niall 👋
Have you been following all the TikTok drama?
It was shut down in the US on Sunday after failing to sell to a non-Chinese owner.
But the shutdown lasted only a few hours after the incoming president made some promises 🤞
Who knows what the future holds for the platform.
Meanwhile, last week my TikTok account for eBiz Facts was deleted without explanation or notification. Looks like there's nothing I can do to get it back 😡
I put a bit of time and effort into building up an audience on there, but luckily I never came to rely on it for my livelihood like a lot of people.
Anyway, all this is a good reminder of the danger of building a business that depends heavily on a single third-party platform.
All that aside, let's get stuck into some fresh business ideas 💡
Niall Doherty, eBizFacts.com
Contributor: Fardeen Khan
AI-CODED APPS
He Made $100,000 Last Year From AI-Coded Apps
👀 A recent video from Pete McPherson…
Pete shipped several apps, including TopicalMap.ai, which now earns $6-7K per month 💰
He says at the 2:45 mark…
Two years from now it's going to be way harder to ship a product and make money… because the way AI is going… less people are going to need SaaS products because Siri will just do everything for you…
So ship a lot, and ship now… start today… just make things and you will figure out a lot of lessons along the way.
Later in the video he covers a few ways to come up with app ideas 🔥
The easiest is to "scratch your own itch," i.e. build something that you want to use yourself.
Most of Pete's apps started this way.
Aside from that, he recommends 👇
Starting incredibly small / niche.
Cloning a big app, but taking it one step further.
Cloning a big app, but making it dirt cheap.
Browsing subreddits for your niche, looking for problems to solve.
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LOCAL NEWS
Local News Site: Zero to $13M Revenue in 3 Years
#27 on Glen Allsopp's recent income report 👇
Check out the site here.
🤑 $13M sounds impressive, but…
The site launched with a $50M pledge and 42 employees looking to grow the nonprofit into the most popular resource covering Baltimore, Maryland… the news site has attained over 55,000 paying subscribers but is not yet profitable.
Still, sounds like they are on a good trajectory 📈
Baltimore is only the 30th most populated city in the USA with a pop of 585,000.
So they've got almost 10% of the population already paying for news 😎
From Boise is the bootstrapped version of this, covered a few months back…
I strongly believe that every city/town/region with a population of 100,000+ will eventually have a profitable local news site / newsletter like this 💪
How about starting one for your area?
INFLUENCER DATABASE
$17,000 in 90 Days From His Influencer Database
💬 No-Code Exits has an interview with Paulius…
who learned to code with ChatGPT and is now building a portfolio of cashflow startups.
Paulius' main product is Creator Hunter…
a directory of hand-picked content creators to make your apps and tools go viral.
That generated $17K in revenue in the first 90 days 💰
How Paulius came up with the idea…
After wasting thousands of dollars testing influencer databases that were geared towards beauty and fashion e-commerce… and filled with inactive creators who hadn’t posted in over a year, I realized there was nothing out there for AI, devs, or students.
I knew I had to create something different—so I started hand-picking every creator for a new kind of database.
🛠️ Building it…
The initial MVP was scrappy but functional. Then, I decided to go all in. I used Bolt and Cursor, letting AI handle 99.9% of the coding for V1
How about doing this for another niche? 🤔
MARKETPLACE
$10M+ Per Year From a Marketplace He Built For Colleagues
Teachers Pay Teachers is an online marketplace where teachers buy and sell teaching materials like lesson plans, worksheets, printable games, etc.
As of 2022, more than 300 teachers had apparently earned $1M+ in profit via the platform 💰
One TPT success story we featured recently…
🚀 TPT's origin story…
In 2006, Paul Edelman, a New York City public school teacher, had a light bulb moment. He noticed that his students learned best when he incorporated teaching ideas from his colleagues…
So he decided to build a website where educators everywhere could share their ideas and resources.
Hard to get an exact revenue number for the business, but one estimate has it between $5 and $25 million per year, and other estimates go much higher.
Safe to say TPT is pulling in at least $10 million per year 🤑
Especially when you consider this 2019 report…
last year, around 70 percent of all U.S. educators utilized the service.
I love that Paul Edelman was a teacher himself and built an online marketplace that would allow his colleagues to earn money from existing activities.
Could you do something like this for another niche or profession? 🤔
APP DEVELOPMENT
$2200 Monthly Revenue From Solving His Own Problem
📝 Umit Kar posts on Reddit…
The frustration was something Umit and his wife experienced at work…
We were constantly struggling with managing handwritten notes and scanned documents efficiently. There was no tool that fully met our needs… I thought, “Why not try to build something myself?”
The resulting app 👉 UScan AI: Text Capture & OCR (also on iOS)
Top 3 lessons learned for Umit…
1) Start with your own problem. If it’s a real pain point for you, chances are it’s a pain point for others too.
2) Consistency beats perfection. I made so many mistakes along the way, but showing up every day, even when I felt stuck, made all the difference.
3) Listen to your users. The product started improving only when I began taking their feedback seriously.
What daily frustrations do you face? 🧐
Could you build a product or offer a service that eases that frustration for others?
Free Download 📥
I've put together an ebook of a few dozen ideas recently featured in the newsletter…
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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