1) The IDEA
An app that promotes fiscal responsibility by notifying the user before they purchase items while in a store or restaurant. Also letting users crowd-source the cheapest meals/deals while in said location. Once you leave the store the app notifies you of how much money you saved. IE; Great job Sarah you saved 20 bucks by not buying those appetizers!
2) The PROBLEM
We all know the majority of society has an issue with saving money and instant gratification or "keeping up with the joneses". The vast majority comes from impulse buying with credit cards.
3) The SOLUTION
With this app you could set a budget for the store, sync it to your credit card or "google pay account" and get notified whether your purchase was in line with your budget.
4) The RESULT
Consumers save money and you help alot of them become more fiscally responsible
5) The MARKET
Any capitalist country with a middle class
6) The FASTLANE model
Offer a subscription service allowing users to crowd source cheapest meals at restaurants or better options at the grocery store. Or demonstrate how much money users save by purchasing the app for 1-5 dollars. "Don't buy that! managed to help me save 1200 dollars this year! For only 5 bucks!"
7) The BUSINESS model
Computer system
8) The EXECUTION challenges
Getting access to company databases of items and menu options. This will prove tricky especially as it may be cutting into their bottom line lol. getting users to pay for the app. I initially thought the location data would be hard but google literally knows when your in a store now and lists out deals. My mind was blown.
9) The BRAND idea
Got Buyers remorse? Let us help you stop it at the source!
Don't buy that!
10) The EXIT strategy
Continue to live off passive income from the app or Sell it to one of the many Fintech services out there like Intuit or Credit Karma.
11) YOUR BOUNTY PRICE (If Any)*
Bounty Price: $300
Your Bounty is the price someone will pay to REMOVE the thread from the discussion, hence, taking a claim to the the idea and it's execution. The Bounty will be paid to the idea creator/thread stater minus a 33% forum commission. If not specified, the minimum bounty is $100 which will be paid by PayPal. If you elect NO BOUNTY, then the idea will stay posted. Please note that paying a bounty DOES NOT give you exclusive ownership to any idea, it simple removes the idea from view and discussion.
12) DISCLAIMER
PLEASE COPY AND PASTE THIS AT THE BOTTOM OF YOUR INE...
I, MJ DeMarco UNDERSTAND THAT I AM POSTING THIS IDEA WITH NO EXPECTATION OF COMPENSATION, TODAY OR IN THE FUTURE SHOULD THE IDEA BE PURSUED, EXECUTED, OR ATTEMPTED. I UNDERSTAND THAT THIS IDEA WILL REMAIN VIEWABLE TO ALL INSIDERS AND WILL REMAIN AVAILABLE FOR ANYONE AND EVERYONE WHILE POSTED IN THE INSIDER DOMAIN. I UNDERSTAND THAT NO COMPENSATION IS DUE SHOULD MY IDEA BECOME EXECUTED OR ATTEMPTED IN THE PUBLIC DOMAIN. I UNDERSTAND THAT THE "BOUNTY PRICE" I AM POSTING IS SIMPLY A PAYMENT TO REMOVE THE "INE" POST FROM VIEW AND IT DOES NOT SIGNIFY OWNERSHIP, EXCLUSIVE OR OTHERWISE, TO THE IDEA I AM POSTING.
An app that promotes fiscal responsibility by notifying the user before they purchase items while in a store or restaurant. Also letting users crowd-source the cheapest meals/deals while in said location. Once you leave the store the app notifies you of how much money you saved. IE; Great job Sarah you saved 20 bucks by not buying those appetizers!
2) The PROBLEM
We all know the majority of society has an issue with saving money and instant gratification or "keeping up with the joneses". The vast majority comes from impulse buying with credit cards.
3) The SOLUTION
With this app you could set a budget for the store, sync it to your credit card or "google pay account" and get notified whether your purchase was in line with your budget.
4) The RESULT
Consumers save money and you help alot of them become more fiscally responsible
5) The MARKET
Any capitalist country with a middle class
6) The FASTLANE model
Offer a subscription service allowing users to crowd source cheapest meals at restaurants or better options at the grocery store. Or demonstrate how much money users save by purchasing the app for 1-5 dollars. "Don't buy that! managed to help me save 1200 dollars this year! For only 5 bucks!"
7) The BUSINESS model
Computer system
8) The EXECUTION challenges
Getting access to company databases of items and menu options. This will prove tricky especially as it may be cutting into their bottom line lol. getting users to pay for the app. I initially thought the location data would be hard but google literally knows when your in a store now and lists out deals. My mind was blown.
9) The BRAND idea
Got Buyers remorse? Let us help you stop it at the source!
Don't buy that!
10) The EXIT strategy
Continue to live off passive income from the app or Sell it to one of the many Fintech services out there like Intuit or Credit Karma.
11) YOUR BOUNTY PRICE (If Any)*
Bounty Price: $300
Your Bounty is the price someone will pay to REMOVE the thread from the discussion, hence, taking a claim to the the idea and it's execution. The Bounty will be paid to the idea creator/thread stater minus a 33% forum commission. If not specified, the minimum bounty is $100 which will be paid by PayPal. If you elect NO BOUNTY, then the idea will stay posted. Please note that paying a bounty DOES NOT give you exclusive ownership to any idea, it simple removes the idea from view and discussion.
12) DISCLAIMER
PLEASE COPY AND PASTE THIS AT THE BOTTOM OF YOUR INE...
I, MJ DeMarco UNDERSTAND THAT I AM POSTING THIS IDEA WITH NO EXPECTATION OF COMPENSATION, TODAY OR IN THE FUTURE SHOULD THE IDEA BE PURSUED, EXECUTED, OR ATTEMPTED. I UNDERSTAND THAT THIS IDEA WILL REMAIN VIEWABLE TO ALL INSIDERS AND WILL REMAIN AVAILABLE FOR ANYONE AND EVERYONE WHILE POSTED IN THE INSIDER DOMAIN. I UNDERSTAND THAT NO COMPENSATION IS DUE SHOULD MY IDEA BECOME EXECUTED OR ATTEMPTED IN THE PUBLIC DOMAIN. I UNDERSTAND THAT THE "BOUNTY PRICE" I AM POSTING IS SIMPLY A PAYMENT TO REMOVE THE "INE" POST FROM VIEW AND IT DOES NOT SIGNIFY OWNERSHIP, EXCLUSIVE OR OTHERWISE, TO THE IDEA I AM POSTING.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
