1:02:06$10M+ Business Ideas: Tractors, Toastmasters & Franchisees (#450)
From My First Million · Published Jul 5, 2023 · Watch on YouTube
TL;DR
The video recounts business ideas from attendees at a live podcast event: a fire department equipment distributor with exclusive rights in nine states ($30–50M revenue), a heavy equipment marketplace called Boom & Bucket, and franchise marketing agencies (e.g., Scorpion Marketing, Ferocious Marketing) that serve franchisees like McDonald’s.
Key insights
- The fire department gear supplier had a quasi-monopoly via exclusive contracts in nine states, making the business highly profitable and largely invisible.
- Boom & Bucket adds value by inspecting, photographing, financing, and shipping used heavy equipment, transforming a fragmented offline market into a curated marketplace.
- Franchise marketing agencies like Scorpion and Ferocious Marketing generate over $100M by offering cookie-cutter digital marketing services to franchisees, who are typically not tech-savvy and have pu
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