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Businesses with millionaire potential
#15

Businesses with millionaire potential

Quote: (02-10-2019 10:45 AM)Tanapiko Wrote:  

For example, coming from Canada, when I travel to a beautiful city like NYC, it seems that nobody has yet found a solution for recycling, the city is dirty, now I am not sure how they manage waste ovet there, but it could be an opportunity?

You're correct in identifying some very saturated markets. Even at its peak being an Amazon affiliate was never going to make anyone a millionaire; ditto for YouTube and other online hustles that too often amount to e-begging.

As for your idea about recycling, this probably isn't a NYC-specific situation. Where have you identified anyone making millions off of recycling? If you mean waste removal generally, that market is pretty much cornered already in every city. It would take some serious political weight as well as capital to get involved there.

Recycling is usually about politics of a different sort since most of what gets recycled isn't worth recycling, with the exception of aluminum and maybe a few other items. Glass is already cheap to make and newspaper is working its way out of existence with each baby boomer obituary. Sure, we will all hear about the benefits of recycling as a matter of social conditioning, but the question is whether the metrics demonstrate that recycling is more cost effective than raw production, absent tax incentives or artificial inducement.

If you're looking for ideas, you need to identify genuine demand versus what seems like a good idea. Check Google Trends to see what people are searching for and go from there.

To be sure the best paths will involve female consumers and anything that spins their hamster, speaks to their vanity or paces their conditioned social interests. This is what the recent Gillette ad was trying to tie into, although it backfired miserably.
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