#207 - How to Make Millions by Unbundling Etsy
About This Episode
Sam Parr and Shaan Puri discuss niche business opportunities like elevator fleet management and the potential for 'unbundling' Etsy by creating dedicated marketplaces for specific verticals. They also explore the rising trend of mental fitness versus mental health and the financial advantages of leveraging Canadian R&D tax credits for tech startups.
Episode Description
Show Notes
- * (1:10) Intro
- * (3:30) The elevator industry
- * (11:08) Unbundling Etsy
- * (22:43) A crash course to become an MMA fighter
- * (28:02) Mental Fitness
- * (39:01) Moving to Canada + SRED credits
- * (45:53) Reese Witherspoon's massive exit
- * (51:45) Delta airlines meet Delta variant
Key Takeaways
Identify 'B-class' marketplaces like Etsy, Poshmark, or Airbnb to build analytics and data tools similar to Jungle Scout for Amazon sellers.
The 'Wimp to Warrior' business model demonstrates how to build asset-light businesses by licensing transformational programs to existing physical gyms.
Startups can significantly reduce burn rates by taking advantage of geographic arbitrage, specifically Canada's SR&ED tax credits which can reimburse up to 50% of engineering costs.
Business Ideas Mentioned
Elevator and Escalator Fleet Management
SaaS
Jungle Scout for Etsy and Poshmark
SaaS
Unbundled Etsy for Custom Gifts
Marketplace
High-Intensity Mental Fitness Boot Camp
Content & Media