Quantcast
fastlane insider
Page 1 of 2 12 LastLast
Results 1 to 20 of 22
Like Tree1Thanks / Likes

Thread: Free Business Idea

  1. #1
    biophase is offline
    Fastlane Legend
    Reputation Speed
    295 kph

    Joined
    Jul 2007
    Locale
    Scottsdale, AZ
    Posts
    2,543

    Default Free Business Idea

    I've had a few ideas that keep popping back into my head. Unfortunately, as I mentioned in the rental's post, they probably aren't the best use of my time. So here is one of them.

    I have 2 big dogs that destroy toys in about an hour. Yet, they are my dogs and I constantly buy them toys every where. Their toys range from $2.99 to $7.99. If I ever see toys on sale I usually load up on them. Last week I got tired of paying $3-$5 a toy so I went online and found a wholesale dog toy store and bought a crap load of toys in bulk that will hopefully last my dogs a full year. Prices were $1-$3 per toy and free shipping.

    This led my to research a dog toy monthly subscription site. My numbers were $20 a month, 4 toys. Profit around $10/mo per subscriber. 100 subscribers equals $1000/mo profit. Not much money in it.

    300 subscribers, $3000/mo is decent income. You will ship 10 orders a day. So it's probably a 1 hour a day job and you make $36k/yr. Not bad.

    I did some research and found a 3 other sites doing this. They probably aren't making that much money because they only send 1 toy a month and are around $15/mo. I think most owners would want more than 1 toy per month.

    So maybe someone here would like to run with this. Maybe make it a $30-$40/mo subscription by upselling or adding treats. Then you could get to the $50k/yr range with 100-200 customers.
    Jake likes this.

  2. #2
    hedgehog757 is offline
    Fastlane Driver
    Reputation Speed
    40 kph

    Joined
    Jan 2012
    Locale
    New York
    Posts
    277

    Default

    That doesn't sound Fastlane to start but being a Dog Trainer myself and working with lots of vets, and groomers and stores it is an interesting idea. But doing something like that may cause me to compete with some of my referral sources. Dog Training is not my fastlane plan but it does bring money in for now. it may be worth looking into though

  3. #3
    phenom4hire is offline
    New Driver
    Reputation Speed
    15 kph

    Joined
    Mar 2011
    Locale
    Houston, Tx
    Age
    26
    Posts
    42

    Default

    Not necessarily interested in this particular idea, but some of the parameters involved with your idea interest me. Biophase, if you wouldn't mind sharing a bit of your knowledge/technique, how would you approach the idea of getting those first hundred subscribers? Would you do more of an offline marketing approach? Hit up dog parks, flyers? Just curious as to how you would approach the situation and grow the business appropriately. Thanks in advance.

  4. #4
    danoodle is offline
    Freedom Seeker
    Reputation Speed
    65 kph

    Joined
    Feb 2011
    Locale
    Kansas
    Age
    29
    Posts
    222

    danoodle's Avatar

    Default

    Always appreciate free ideas, even though most people won't act on them. I noticed the keyword searches for "dog toy club" "monthly dog toy" "dog toy subscription" etc to all be too low to even have any monthly search results. Just wondered if that was a big deal or what you would do to reach your target market for this niche.

  5. #5
    Birdem is offline
    New Driver
    Reputation Speed
    PARKED

    Joined
    Jan 2012
    Posts
    34

    Default

    bio by any chance would you have the links to those 3 other sites that are running sort of the same business.

  6. #6
    Newbie is offline
    Fastlane Rookie
    Reputation Speed
    5 kph

    Joined
    Aug 2008
    Locale
    Orchard Park, New York
    Age
    26
    Posts
    62

    Default

    Wow. I love the idea. It really opened my eyes.

    Sent from my DROID BIONIC using Tapatalk

  7. #7
    biophase is offline
    Fastlane Legend
    Reputation Speed
    295 kph

    Joined
    Jul 2007
    Locale
    Scottsdale, AZ
    Posts
    2,543

    Default

    Quote Originally Posted by phenom4hire View Post
    Not necessarily interested in this particular idea, but some of the parameters involved with your idea interest me. Biophase, if you wouldn't mind sharing a bit of your knowledge/technique, how would you approach the idea of getting those first hundred subscribers? Would you do more of an offline marketing approach? Hit up dog parks, flyers? Just curious as to how you would approach the situation and grow the business appropriately. Thanks in advance.
    I actually don't have a clue. Hadn't thought about it that far. I calculated it's potential income and it was too low for the amount of work so I dropped it.

  8. #8
    biophase is offline
    Fastlane Legend
    Reputation Speed
    295 kph

    Joined
    Jul 2007
    Locale
    Scottsdale, AZ
    Posts
    2,543

    Default

    Quote Originally Posted by Birdem View Post
    bio by any chance would you have the links to those 3 other sites that are running sort of the same business.
    I just googled it and found them on the first page.

    Like I said in the above post, I didn't pursue it much after the income calculation. I did a quick google search and looked at their pages a few minutes. Then instead of just dropping it entirely, I thought I'd post it because it I come up with ideas everyday and most get dropped into oblivion. This was actually 1 of 3 that popped into my head today.

    Please keep in mind that, other people are already doing it so my idea was not NEW. I bet most people with an idea don't even go as far as doing a quick calculation or checking Google. You have to do stuff or you will never get anywhere.

    If you wanted to pursue this business, you could get a website up in a few days, use paypal subscriptions and be ready and running by Monday morning!

  9. #9
    Birdem is offline
    New Driver
    Reputation Speed
    PARKED

    Joined
    Jan 2012
    Posts
    34

    Default

    Im not too familar with dogs. I just wanted to see this business potential like you said worth getting into and a way to see that was look how the other guys are doing in the business itself. I see you said it makes 36k a year for doing one hour of physical work if that's not worth your time I want to know what else are you doing lol, but im pretty sure you mean the marketing side of this business.

  10. #10
    awesom-o is offline
    Fastlane Driver
    Reputation Speed
    40 kph

    Joined
    Aug 2011
    Locale
    United Kingdom
    Posts
    120
    awesom-o's Avatar

    Default

    Thanks for the share biophase,
    Something similar here (maybe this was one you looked at?)
    https://barkbox.com/
    $17 per month free shipping plus 10% to a charity. As mentioned previously its going to around a $10 margin on each box max.
    These subscription businesses are all over the place at the moment, dollar shave club, Foodzie, Birchbox etc
    Marketing + getting the word out is the real challenge with these subscription services - Dollar shave club did that excellent viral video - but once the word is out and if the service offers real value the revenue model can be lucrative. Its just getting enough people signed up to begin with then retaining the subscriber levels. Eventually if you could get into the 1000's you can use fulfillment services and only have to be involved a few hours a week although there's a lot of work required to get there!!!

  11. #11
    PatrickP is offline
    Fastlane Expert
    Reputation Speed
    225 kph

    Joined
    Mar 2012
    Posts
    1,875

    Default

    WOW

    Bio how very nice of you to take the time and effort to post this thread.

    Good karma for you!

    Not sure about the business as I have no input about dogs but best of luck to anyone who decides to give it a go.

  12. #12
    Likwid24 is offline
    Fastlane Expert
    Reputation Speed
    210 kph

    Joined
    Mar 2011
    Locale
    Staten Island, NY
    Age
    35
    Posts
    1,576

    Likwid24's Avatar

    Default

    Quote Originally Posted by hedgehog757 View Post
    That doesn't sound Fastlane to start but being a Dog Trainer myself and working with lots of vets, and groomers and stores it is an interesting idea. But doing something like that may cause me to compete with some of my referral sources. Dog Training is not my fastlane plan but it does bring money in for now. it may be worth looking into though
    I think this has some excellent fastlane potential. Bio was using some low numbers as an example. There are over 70 million dog owners in the U.S. alone. 1/2 % = 350,000. Just a half percent! Now how do the numbers look? And why stop at dogs? Why not add cats into the mix and maybe food and treats.


    There was a similar idea on Shark Tank, but it was for kids toys. I think they're doing pretty well.

    Toygaroo online toy rentals delivered to your door!

  13. #13
    awesom-o is offline
    Fastlane Driver
    Reputation Speed
    40 kph

    Joined
    Aug 2011
    Locale
    United Kingdom
    Posts
    120
    awesom-o's Avatar

    Default

    Quote Originally Posted by Likwid24 View Post
    I think this has some excellent fastlane potential. Bio was using some low numbers as an example. There are over 70 million dog owners in the U.S. alone. 1/2 % = 350,000. Just a half percent! Now how do the numbers look? And why stop at dogs? Why not add cats into the mix and maybe food and treats.


    There was a similar idea on Shark Tank, but it was for kids toys. I think they're doing pretty well.

    Toygaroo online toy rentals delivered to your door!
    Exactly it's all about the numbers if you can get thousands of subscribers its fastlane for sure. I read somewhere that Birchbox (subscription beauty samples) had over 15,000 sign ups just after first couple of months of trading who knows what that number is now but its a million dollar per year business and has just raised over $10 mill series funding.

    Hadn't heard about Toygaroo - another way of utilising the subscription business model

  14. #14
    PatrickP is offline
    Fastlane Expert
    Reputation Speed
    225 kph

    Joined
    Mar 2012
    Posts
    1,875

    Default

    Quote Originally Posted by Likwid24 View Post
    I think this has some excellent fastlane potential. Bio was using some low numbers as an example. There are over 70 million dog owners in the U.S. alone. 1/2 % = 350,000. Just a half percent! Now how do the numbers look? And why stop at dogs? Why not add cats into the mix and maybe food and treats.


    There was a similar idea on Shark Tank, but it was for kids toys. I think they're doing pretty well.

    Toygaroo online toy rentals delivered to your door!

    That was completely different. Apples to oranges.

    That company SAVES you money. The one in this thread costs you the same amount and solves a problem that many don't even see as a problem.

    That was a toy exchange. Where you save money because once your kids have become tired of a game you turn it in and get a different one.

    This thread it just saves you from going to the store to buy a toy. I MIGHT save a few dollars but not like the toy exchange.

  15. #15
    PatrickP is offline
    Fastlane Expert
    Reputation Speed
    225 kph

    Joined
    Mar 2012
    Posts
    1,875

    Default

    Quote Originally Posted by awesom-o View Post
    Exactly it's all about the numbers if you can get thousands of subscribers its fastlane for sure. I read somewhere that Birchbox (subscription beauty samples) had over 15,000 sign ups just after first couple of months of trading who knows what that number is now but its a million dollar per year business and has just raised over $10 mill series funding.

    Hadn't heard about Tooygaroo - another way of utilising the subscription business model

    Again apples to oranges.

    Birchbox works because it saves you the time of going ALL over town to different stores to get the samples. In many cases people who live in smaller towns do not even have stores big enough to give out samples.

    The idea in this thread is getting the same thing you can get at any walmart.

    BTW not sure why the OP goes through so many toys. We had a great dane and a rotty but we go the gorilla toys which guarantee they last or your money back so no need to buy 4 toys a month.

  16. #16
    biophase is offline
    Fastlane Legend
    Reputation Speed
    295 kph

    Joined
    Jul 2007
    Locale
    Scottsdale, AZ
    Posts
    2,543

    Default

    Quote Originally Posted by Birdem View Post
    Im not too familar with dogs. I just wanted to see this business potential like you said worth getting into and a way to see that was look how the other guys are doing in the business itself. I see you said it makes 36k a year for doing one hour of physical work if that's not worth your time I want to know what else are you doing lol, but im pretty sure you mean the marketing side of this business.
    Once running if you had 300 subscribers it would take you 1 hour a day to pack and ship 10 boxes. It would probably take you a few hours a week to order inventory and do paperwork. The whole business could be done in 8 hours a week. You can choose to put more time into it to grow it even faster.

  17. #17
    biophase is offline
    Fastlane Legend
    Reputation Speed
    295 kph

    Joined
    Jul 2007
    Locale
    Scottsdale, AZ
    Posts
    2,543

    Default

    Quote Originally Posted by awesom-o View Post
    Thanks for the share biophase,
    Something similar here (maybe this was one you looked at?)
    https://barkbox.com/
    $17 per month free shipping plus 10% to a charity. As mentioned previously its going to around a $10 margin on each box max.
    These subscription businesses are all over the place at the moment, dollar shave club, Foodzie, Birchbox etc
    Marketing + getting the word out is the real challenge with these subscription services - Dollar shave club did that excellent viral video - but once the word is out and if the service offers real value the revenue model can be lucrative. Its just getting enough people signed up to begin with then retaining the subscriber levels. Eventually if you could get into the 1000's you can use fulfillment services and only have to be involved a few hours a week although there's a lot of work required to get there!!!
    I didn't find barkbox, what search term did you type for that? It's actually the best looking site so far. I do notice that they include more than toys in their monthly package. Getting subscribers is tough. I would bet that it would be a slow and steady effort. I think it would take a while to get to 100 subscribers initially.

  18. #18
    biophase is offline
    Fastlane Legend
    Reputation Speed
    295 kph

    Joined
    Jul 2007
    Locale
    Scottsdale, AZ
    Posts
    2,543

    Default

    Quote Originally Posted by PatrickP View Post
    This thread it just saves you from going to the store to buy a toy. I MIGHT save a few dollars but not like the toy exchange.
    Actually, the toys would be cheaper than going to the store. You would get 4 toys that are normally $5-$8 for $20 or whatever the cost is. My problem wasn't that I didn't like going to the store, it was that the toys are so expensive at the store.

    The toys would be different also. I'll post a photo of all the toys I got when they arrive.

    Every dog is different, my dog loves to rip out the stuffing and get to the squeaker. Some dogs never chew up their toys at all.

  19. #19
    hedgehog757 is offline
    Fastlane Driver
    Reputation Speed
    40 kph

    Joined
    Jan 2012
    Locale
    New York
    Posts
    277

    Default

    The idea is great. But i am having trouble trying to figure out what kinds of toys would be different and less expensive. How to make them/get them and distribute them to subscribers while still making a profit over my expenses. Not expecting you to tell me exactly how but just saying I am having a difficult time with it and wondering why people would subscribe rather than go to the store? When they are a million pet stores out there between the big chains and even the small stores you would be competing with.

  20. #20
    Amail is online now
    Moderator
    Reputation Speed
    245 kph

    Joined
    Apr 2012
    Locale
    North San Diego County
    Posts
    1,178
    Blog Entries
    15

    Amail's Avatar

    Default

    We've got a husky/something else mutt that devours Nylabones. She'll polish one off in a month easily. We also have "Biscuit Time" just before bed that both our dogs love. So, we're always getting biscuits. Of course, the cats can't be overlooked, so we give them some kitty treats too.

    No need to limit the subscription options to just toys. This could be expanded to include treats, food, flea medicine. Heck, you could contract with local vets to include checkups with a subscription option, or visiting grooming service.

    How much would it cost to put something like this together?

  21. Speed Up Your Fastlane Process! MJ Recommends The Following Books...

Page 1 of 2 12 LastLast

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Is licensing an idea to a business (ie One Simple Idea) fastlane?
    By melsachs in forum General Entrepreneurship and Startup
    Replies: 3
    Last Post: Nov 14th, 2011, 11:03 PM
  2. Free Biz Idea
    By Brootal in forum General Entrepreneurship and Startup
    Replies: 2
    Last Post: Aug 20th, 2010, 09:40 PM
  3. One of the BEST Business Books Out There..FREE!
    By maximus20895 in forum General Entrepreneurship and Startup
    Replies: 2
    Last Post: Aug 1st, 2010, 01:58 PM
  4. My idea: Starting a business within a business
    By Elijah_MM_Sapko in forum General Entrepreneurship and Startup
    Replies: 9
    Last Post: Jul 17th, 2010, 10:19 PM
  5. free biz idea thread
    By CardinalsFan in forum General Entrepreneurship and Startup
    Replies: 9
    Last Post: Feb 17th, 2009, 04:13 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •