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At VentureScale, I’m on a quest to understand the future of the Internet and how we can improve other people’s lives through product creation. I analyze startup opportunities with revenue potential — at the intersection of Internet culture, consumer tech, and platform economy.
Today’s post is about increasing lifestyle experiences.
Below is the PREVIEW of the report with research-based tech trends, product frameworks, revenue models to help you make better decisions on building your next big thing.
New B2C online marketplaces are created to cater to specific types of communities, creating unique buyers/sellers experiences and focus on a particular segment or vertical to grow. For example,
As online businesses continue to rise, more vertical-specific marketplaces will emerge to help small business owners to make money from home.
The on-demand economy has unlocked “luxury services” to ordinary people. What used to be “only the rich could afford” are now accessible for everyday people through an app — anytime, anywhere:
Today, on-demand services have exploded across different industries — transportation, shopping, food delivery, home cleaning, etc. to help people save time and eliminate hassles.
New on-demand services will focus on enhancing our lifestyle experiences in different aspects. Stitchfix — get a personal stylist service. Urban — get massages, facials, and lashes done at home by professionals.
Remote work is changing human resources (HR) practices forever.
Interviewing and onboarding new employees are no longer done in face-to-face meetings. Hiring is becoming distributed around the world. Team-building is conducted through Zoom.
New problems that are born out of remote work practices are still awaiting solutions. How can you manage payrolls from multiple countries? How to build great company culture virtually? How to ensure the mental health of employees? How to create workplace engagements?
The future of HR will be focusing on leveling up remote employees’ experience — onboarding, employees reward, elevating motivation, diversity, and personal values:
The next Internet world war will be the tech talent war. Companies are fighting for the best engineers & designers by driving up wages. Those who can retain talents and satisfy their employees will drive out talent competition and create defensibility for their businesses.
An online marketplace for buying and selling handcrafted wood furniture, woodworking products, and tools — driven by a community of woodworking enthusiasts, furniture makers, artists, and designers.
(1) Industries: E-commerce, Furniture, Home Decor, Online Retail
(2) Business Model: E-commerce, Online Marketplace
(3) Market Potential: High ◼️◼️◼️◼️◻️
(4) Execution Strategy:
(5) Moat: To create a profitable consumer marketplace, layer defensibility around your business to drive out competition.
🔑 Breakdown of Startup Opportunity #1 (Helping home-based entrepreneurs to sell online / Consumer marketplace)
🔑 Breakdown of Startup Opportunity #2 (Unlock luxury experiences for everyday people / On-demand app)
🔑 Breakdown of Startup Opportunity #3 (Increase employee motivation and talent retention / HR tech)
🔑 3 startup opportunities breakdown in 1 report
🔑 7 target audience definitions
🔑 12 problem definition examples
🔑 13 solutions and feature examples in detail
🔑 6 revenue streams you can create to monetize your startup ideas
🔑 17 in-depth evaluations on each startup idea — how to prove market potential and create competitive advantages
🔑 10 ways to execute these startup opportunities
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