56:51The Business Ideas Episode: Starting A Better Toastmasters, A SodaStream Competitor & More
From My First Million · Published Jul 5, 2023 · Watch on YouTube
TL;DR
The episode presents three business ideas: modernizing Toastmasters as a Discord/Zoom-based community with chapters and competitions, launching a D2C SodaStream competitor with a subscription model for cartridges, and creating a content‑remixer agency that repurposes existing content into tweets, LinkedIn posts, and newsletters.
Key insights
- Toastmasters is a nonprofit generating ~$36M/year in revenue from membership dues, with $63M in the bank, yet its logo feels outdated and the in‑person format with oversized suits is ripe for moderniz
- Public speaking is one of the biggest fears and desires; the Toastmasters model (chapters, ladder to state/national, certificates) can be recreated entirely online.
- A D2C SodaStream competitor can use the standard playbook: low‑cost machine (pay shipping only), subscription for CO2 cartridges, pastel fonts, influencer seeding.
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