My First Million

Episode 5: 5 TikTok products that could print money for you

46 business ideas · 28 case studies · Aired

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Business Ideas from this Episode

Botox Alternative: Face Taping Products for Beauty Enthusiasts

Create and market a line of face taping products aimed at consumers seeking non-invasive alternatives to Botox for skin tightening and wrinkle reduction.

E-commerce with direct-to-consumer sales through a branded website and social media platforms.

TikTok-Optimized Hair Color Brand for Modern Consumers

Launch an e-commerce brand specializing in easy-to-use hair color products marketed primarily through TikTok influencers and creators.

Direct-to-consumer subscription service for hair color products.

Shadow Work Journal for Self-Discovery and Personal Growth

Develop a modern self-help journal that facilitates shadow work, aimed at individuals seeking personal growth and emotional healing through guided prompts.

E-commerce sales of physical journals and potential subscription model for related digital content.

Candy-Themed Candles for a Unique Home Fragrance Experience

Create visually appealing and scented candles that resemble popular candy and desserts, marketed through social media platforms to attract consumers.

E-commerce sales with potential for subscription services and seasonal product launches.

DNA-Based Food Sensitivity Testing Subscription Service

Launch a service that provides consumers with food sensitivity testing based on DNA analysis, offering personalized dietary recommendations through a subscription model.

Subscription service combining one-time DNA testing with ongoing dietary guidance and product recommendations.

AI Literacy Workshops

Workshops designed to educate individuals, especially those who feel overwhelmed by technology, on how to effectively use AI tools in their daily lives.

Charge per participant for workshops or offer corporate training packages.

AI Browser Assistant

An AI-integrated web browser that helps users efficiently research and find specific content across various platforms in real-time, enhancing productivity.

Free with premium subscription options for advanced features.

AI Solutions Marketplace

A marketplace that offers AI-driven tools and services tailored to individual business needs, allowing users to find solutions that can automate tasks or provide insights.

Freemium model where basic tools are offered for free, while advanced features or personalized solutions come with a subscription or one-time purchase fee.

AI Meme Maker

An application that allows users to create memes on any topic quickly and easily, utilizing AI to generate relevant images and text.

Monetization could come from a freemium model where basic meme creation is free, but premium features, templates, or exclusive content are paid.

AI Video Ad Generator

A platform that allows users to create AI-generated video ads featuring historical or public domain figures. Users can write scripts and customize characters to produce engaging marketing content.

Subscription-based or pay-per-use model for video creation and editing tools.

Biomimicry Marketing Agency

A marketing agency specializing in promoting companies that leverage biomimicry in their products, helping them tell compelling stories about how nature inspires their innovations.

The agency could operate on a retainer basis, charging clients a monthly fee for ongoing marketing services, or on a project basis for specific campaigns.

K1 Finder

An app that intelligently searches and organizes K1 forms from users' email accounts, streamlining the process for individuals dealing with multiple investments.

The app could use a freemium model, offering basic search features for free and charging for advanced organizational tools.

Conference Connection App

An app designed for conference attendees to network effectively by facilitating introductions and meaningful connections based on shared interests or goals, inspired by the low status technique discussed in the podcast.

Subscription-based for event organizers, with additional features available for individual users through in-app purchases.

Salary Transparency Platform

Create a platform that aggregates salary data from job postings, allowing users to compare salaries across companies and negotiate offers effectively.

Freemium model for job seekers and subscription fees for companies seeking to enhance their employer branding.

Animal Adaptation Database

A digital database that catalogues unique animal adaptations and their potential applications in technology and design, serving as a resource for innovators and researchers.

Revenue could be generated through subscription fees for access to the database, as well as licensing fees for companies wishing to use the information in their product development.

AI-Powered Job Application Tool

An application that automates the job application process, allowing users to apply to multiple job openings simultaneously while also providing interview preparation and resume building features.

Freemium model with premium features available for a subscription fee.

Little Luxuries Subscription Box

A subscription box service that curates and delivers small luxury items, like high-quality socks or towels, that enhance the everyday life of customers without the need for extravagant spending.

Monthly subscription fee with different tiers based on the number of items and exclusivity of products.

Drone Delivery Services

Develop a drone delivery business that leverages new regulations allowing drones to operate beyond visual line of sight, enhancing logistics and delivery capabilities.

Pay-per-delivery model or subscription services for businesses needing regular deliveries.

Curated AI Tools Newsletter

A subscription-based newsletter that curates the latest and most effective AI tools, providing insights and tips on how to use them.

Monthly subscription fee for access to the newsletter and possibly additional resources or exclusive webinars.

Enhanced Financial Analysis Tool

An AI-driven platform that simplifies financial data analysis by allowing users to input their financial data and receive insights and recommendations in natural language.

Subscription-based model with tiered pricing for different levels of data analysis.

Batch Productivity Coaching

A coaching service that teaches individuals and teams how to implement batch processing techniques for tasks like email management and project work to enhance productivity.

Hourly or package pricing for coaching sessions, with potential for a subscription model for ongoing support and resources.

Micro-Memories Travel Journal

A digital platform that allows travelers to capture and share their unique travel experiences in the form of micro-memories—short, one to three-word notes that embody personal insights and stories from their trips.

Freemium model with a basic version for free and premium features (such as personalized travel insights, sharing options, and memory prompts) available through subscription.

Creative Process Workshops

Workshops focused on helping individuals explore and enhance their creative processes in various fields, inspired by the discussions around Mike Posner's artistic journey.

Fee-based workshops with the option for participants to subscribe for ongoing mentorship and resources.

Mercury Financial Solutions

Mercury is a financial technology company designed to streamline banking for entrepreneurs and agencies, allowing them to easily create and send invoices, as well as manage customer balances.

Mercury likely operates on a subscription model for premium features, while offering basic services for free to attract new users.

AI-Powered Knowledge Hub

A platform that aggregates AI-related news, tools, and resources, providing users with curated content to help them stay informed about developments in AI technology.

Subscription model for premium content and features, while offering basic access for free.

Negotiation Tools App

A mobile application that provides users with tools and resources for effective negotiation, including checklists, role-playing scenarios, and tips based on psychological principles of negotiation. The app would also feature a community forum for users to share experiences and strategies.

Freemium model, offering basic features for free and charging for premium content and tools.

Negotiation Coaching Services

Personalized coaching services for individuals and business executives aimed at improving their negotiation skills through one-on-one sessions and role-playing exercises. Coaches would provide tailored feedback and strategies based on specific negotiation scenarios.

One-time purchase or package deals for multiple sessions, with potential for subscription options for ongoing coaching.

Psychedelic Guidance Services

Offer psychedelic retreats that focus on personal development and decision-making, guided by trained professionals in a supportive environment.

Fee-based model for retreats, potentially offering follow-up services or ongoing support.

AI Tax Guy

An app that simplifies tax filing by prompting users to file quarterly taxes, showing deductions, auto-filling forms, and connecting to financial platforms like Stripe and Google Drive.

The business can operate on a subscription model for ongoing tax assistance or a one-time fee for individual tax filings.

Internet Pipes Learning Platform

An educational platform offering tools, resources, and community support for individuals seeking to understand and utilize online information effectively, inspired by the concept of 'internet pipes'.

The business could generate revenue through a subscription model for premium content, courses, and community access, as well as offering one-time purchases for specific resources.

Empathy in Negotiation Training

A specialized training program focusing on the role of empathy in negotiations, teaching participants how to effectively communicate and connect with others to foster trust and better outcomes. The program would utilize case studies and role-play to illustrate the importance of emotional intelligence.

One-time fee for workshops or a subscription model for ongoing training sessions and materials.

Color-Changing Health Monitoring Shoes

A footwear brand that creates shoes capable of changing color based on the wearer's health metrics, such as glucose levels or fertility indicators, using wearable technology.

The business could operate on a direct-to-consumer model, with one-time purchases of shoes and optional subscriptions for app services that analyze health data.

Light Bulb Coaching

A coaching service aimed at helping individuals who are starting from scratch to leverage new tools and technologies for personal and professional growth.

Subscription-based coaching packages that offer ongoing support and resources, or one-time workshops to get started.

Repair My Credit Score

A user-friendly platform that helps individuals repair their credit scores by offering dispute templates, score simulations, and actionable steps to improve credit health.

The business could operate on a subscription basis for ongoing credit monitoring and repair services, or charge a fee per service rendered.

AI Tools Discovery Agency

A design agency focused on discovering, evaluating, and integrating the latest AI tools for businesses to improve their operations and service offerings.

One-time consulting fees for initial assessments and ongoing service contracts for continuous support and updates.

Hearing Aid Revolution

Create a modern, stylish, and affordable hearing aid that competes with traditional devices, making them as common as reading glasses.

Direct sales through online platforms and potential subscription models for ongoing support or upgrades.

Black Swan Negotiation Community

A community platform aimed at helping individuals improve their negotiation skills through various resources and peer support, with free membership options available.

The business could utilize a freemium model, offering free membership with optional paid resources or courses for advanced learning.

AI Healthcare Connector

An application that helps users find dermatologists and other healthcare professionals based on insurance networks and availability, with integrated booking options.

Revenue can be generated through affiliate partnerships with healthcare providers or a subscription model for users seeking premium features.

Authentic Real Estate Branding

A consultancy service that helps real estate agents and property owners create authentic personal brands by embracing vulnerability and self-deprecation in their marketing strategies.

One-time fees for brand audits and ongoing monthly subscriptions for brand management and content creation services.

Solar Panel Maintenance Services

Establish a business focused on the cleaning and maintenance of solar panels to ensure optimal efficiency for homeowners and businesses.

Service contracts for regular cleaning and maintenance, along with one-time service options.

AI Content Creation for TikTok

A service that automates the creation of engaging TikTok content through AI-generated slideshows and memes targeting specific niches.

Monthly subscription or pay-per-content creation model.

Negotiation Masterclass

A comprehensive online course designed to teach the art of negotiation from basic to advanced techniques, based on real-life experiences of expert negotiators. The course would include video lectures, interactive exercises, and practical scenarios to help users improve their negotiation skills effectively.

Subscription model with tiered pricing for individuals and businesses, offering access to different levels of content and additional one-on-one coaching sessions.

Affordable Executive Assistance

A platform that connects entrepreneurs and business leaders with skilled executive assistants from low-cost regions, allowing them to hire support for a fraction of the typical cost.

Subscription or hourly payment model, where users pay for the hours of assistance they require each week.

Digital Detox Programs for Families

Programs designed to help families manage their technology use and encourage healthier habits in a digital world.

Fees for program enrollment, workshops, and ongoing support services.

Corporate Negotiation Workshops

In-person or virtual workshops tailored for organizations looking to enhance their team's negotiation skills. These workshops would include interactive sessions led by experienced negotiators and practical exercises that simulate real-world scenarios.

Charging organizations a fee per workshop, with options for follow-up sessions or ongoing training packages.

Nature-Inspired Tech Solutions

A business that focuses on developing technology and products inspired by the natural world, such as materials mimicking animal adaptations or designs based on evolutionary principles.

The business could adopt a B2B model, selling products and solutions to companies in various industries, as well as a B2C model for consumer products, potentially including a subscription model for ongoing material or design updates.

Case Studies from this Episode

Somewhere.com

A platform that sources executive assistants from low-cost areas.

Not mentioned in the transcript

Trusted Health

A platform that connects travel nurses with hospitals in need of temporary staffing solutions.

Trusted Health is reportedly a unicorn, having raised over a billion dollars in funding.

Internet Pipes

A platform that provides resources and tools for finding information online, initially started as a course and has evolved into a community and database.

The business has generated significant revenue, reportedly in the six-figure range, with a mention of it now being eight figures.

Enhancer AI

A SaaS platform that allows users to easily create AI-generated videos without needing technical expertise.

Not mentioned in the transcript

Vanta

A compliance management software that helps businesses prepare for security audits quickly and efficiently.

Not mentioned in the transcript, but it was noted that 8,000 companies use Vanta, indicating a substantial customer base.

AI Apply

A service that automates job applications and helps users build resumes and prepare for interviews.

Not mentioned in the transcript

Bankstatementconverter.com

A niche web application that converts bank statements into PDF format.

$40,000 to $50,000 per month.

Shopify

Shopify is an e-commerce platform that allows individuals and businesses to create their own online stores.

When Shopify raised $5 million at a $20 million valuation, it was doing $5 million in revenue. Currently, it is estimated to be doing close to a trillion dollars in GMV.

Loop

A company that sells stylish ear plugs designed for various loud environments, aiming to make ear protection more appealing.

Loop sells ear plugs priced around $50.

Cheshire PT

An AI platform that has launched an app store, allowing users to integrate various applications into its framework for enhanced functionality.

Not mentioned in the transcript.

HubSpot

A marketing, sales, and service software platform that helps companies grow better by providing tools for customer relationship management and lead generation.

Not mentioned in the transcript

Calm

Calm is a meditation app that offers guided meditations, sleep stories, and soothing music.

Not mentioned in the transcript

Canva

A graphic design platform that allows users to create social media graphics, presentations, posters, and other visual content.

$47 billion valuation as a design tool.

Cursor

Cursor is a company that has rapidly grown to a valuation of around $10 billion.

Not mentioned in the transcript

Bombas

A sock company known for producing high-quality, comfortable socks with a focus on social responsibility.

Not mentioned in the transcript

Miss Jeff

A sneaker brand known for creative and often unconventional collaborations and designs.

Not mentioned in the transcript.

Airbnb

Airbnb is an online marketplace that connects people looking to rent out their homes with those looking for accommodations.

Airbnb is valued at around $100 billion, with a significant portion of travel spending in the U.S. being allocated to its platform.

Student Rent Pro

A rental property business focused on student housing in South Carolina, specifically catering to students living in fraternity and sorority houses.

Not mentioned in the transcript

Perplexity

An AI-first browser that enhances research capabilities by providing quick access to information and content.

Not mentioned in the transcript

Goli - A booming brand that transformed apple cider vinegar into a delicious gummy

Founded by Ben Van de Bunt, Goli sells apple cider vinegar gummies, making a traditionally sour health product appealing and easy to consume. Targeting health-conscious individuals, Goli leverages social media, particularly TikTok, to reach potential customers.

Goli grew from zero to hundreds of millions in revenue within a short span, showcasing the potential of viral marketing and influencer partnerships.

Black Swan Group

A negotiation consulting firm that specializes in teaching negotiation tactics and strategies.

Not mentioned in the transcript

Hampton

A company that creates peer groups for entrepreneurs to share ideas and make decisions collaboratively.

Not mentioned in the transcript.

Uber

Uber is a ride-hailing service that connects passengers with drivers through its mobile app.

Uber was initially valued at $17 billion during its early funding rounds but has since grown to a far greater valuation.

Real Farm

A tool designed to automate the creation of TikTok content, specifically slideshows that can drive traffic to websites.

Estimated to be around $10,000 per month in recurring revenue.

Chase Bank

A major American bank that provides a range of financial services including personal banking, business banking, and investment services.

Not mentioned in the transcript

Coursera

An online learning platform that offers courses from universities and organizations.

Not mentioned in the transcript.

Copy That

A program designed to improve writing skills for employees through simple exercises.

Not mentioned in the transcript

Mercury

A finance platform designed for startups, providing banking services and accounts tailored for entrepreneurs.

Not mentioned in the transcript

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