3 Innovative Ways to Monetize the Used Car Business. HoldCo Bros Are Back! Ep #062

HoldCo Bros are back! Nik and I are here with some exciting updates about our perfume vending machine business, which did great in August. We talk about the challenges we faced as we explore how to scale this unique business. We also talk about a creative car fair idea, where you can rent parking lots to connect buyers and sellers, making it a win-win without owning a single car. Finally, we get into growth hacks for social media apps, including viral strategies and how AI can be used to create products for students. Learn more about Nik here:http://linktr.ee/cofoundersnikTimestamps below. Enjoy!---Watch this on YouTube instead here: tkopod.co/p-ytAsk me a question on or off the show here: http://tkopod.co/p-askLearn more about me: http://tkopod.co/p-cjkLearn about my company: http://tkopod.co/p-cofFollow me on Twitter here: http://tkopod.co/p-xFree weekly business ideas newsletter: http://tkopod.co/p-nlShare this podcast: http://tkopod.co/p-allScrape small business data: http://tkopod.co/p-os---00:00 Opening Highlights01:05 Introduction to Perfume Vending Machine Business01:22 Initial Sales and Gross Margins01:53 Pricing and Currency Challenges03:15 Sales Team Expansion and System Setup03:49 Lead Tracking and Optimization04:52 Challenges and Opportunities in Selling Machines05:52 New Business Idea: Auto Fair Concept06:31 Implementing the Auto Fair Business Model10:46 Marketing and Logistics for Auto Fair15:49 Monetizing the Auto Fair with Sponsorships17:38 Innovative Electronics Fair Ideas18:21 Community Engagement and Sponsorship19:02 Maximizing Event Success19:46 Leveraging Local Businesses21:10 Exploring Mobile Services21:34 Creative Land Use for Car Sales24:51 Scaling Novelty Products24:59 Nikita Bier's Viral Success31:03 Monetizing Instagram for College Students34:56 Opportunities in High School and College Markets