Business idea · Agency
Utility Bill Audit Service
Utility Bill Audit Service is a service that audits individuals or businesses' utility bills to identify potential savings and efficiency improvements. The goal is to provide a financial return on investment with minimal upfront costs. It was pitched on My First Million in the episode "Asking 3 young millionaires how they make $1.8M, $5M, & $12M/year" (aired August 19, 2026).
At a glance
| Podcast | My First Million |
|---|---|
| Hosted by | Sam Parr and Shaan Puri |
| Episode | Asking 3 young millionaires how they make $1.8M, $5M, & $12M/year |
| Aired | August 19, 2026 |
| Category | Agency |
| Real companies on the episode | Your TMJ, On Point, Smash My Trash, Mercury |
The problem it solves
Many individuals and businesses overpay on their utility bills without realizing it due to inefficient usage or billing errors. This service aims to uncover hidden savings and optimize their utility costs.
How it makes money
Commission-based or subscription model, where clients pay a percentage of the savings identified or a flat fee for the audit service.
Skills you need
Knowledge of utility billing, analytical skills for auditing, communication skills to explain findings, and marketing skills to attract clients.
The market, and why this works now
Small business owners in the hospitality sector with annual utility expenses over $10,000 often face billing errors or inefficiencies. The rise of real-time energy monitoring tools allows for precise tracking of usage, making audits more effective. The first revenue move could involve targeted outreach through HVAC-Talk forums, where these owners seek advice on reducing overhead costs. A key constraint will be the initial capital required to invest in marketing and technology, which may delay cash flow and extend the CAC payback period.
Our analysis, written after the episode. Not a quote from the show.
Real companies discussed on this episode
- Your TMJ
A company that sells heated jaw massagers specifically designed for people with TMJ disorders.
- On Point
A backup generator company specializing in sales and service for high-end estate properties and regulated facilities.
- Smash My Trash
A franchise business that provides mobile trash compacting services for industrial businesses, reducing the frequency of dumpster pickups.
- Mercury
A fintech company that provides banking products designed for startups and small businesses, including business banking and now personal banking accounts.
Where this idea came from
Podcast: My First Million, hosted by Sam Parr and Shaan Puri
Episode: Asking 3 young millionaires how they make $1.8M, $5M, & $12M/year
Aired:
Summarized from the episode transcript. The show does not say which speaker raised each idea, so we credit the show, not a person.