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/cofoundersnik

Timestamps below. Enjoy!

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00:00 Opening Highlights
01:05 Introduction to Perfume Vending Machine Business
01:22 Initial Sales and Gross Margins
01:53 Pricing and Currency Challenges
03:15 Sales Team Expansion and System Setup
03:49 Lead Tracking and Optimization
04:52 Challenges and Opportunities in Selling Machines
05:52 New Business Idea: Auto Fair Concept
06:31 Implementing the Auto Fair Business Model
10:46 Marketing and Logistics for Auto Fair
15:49 Monetizing the Auto Fair with Sponsorships
17:38 Innovative Electronics Fair Ideas
18:21 Community Engagement and Sponsorship
19:02 Maximizing Event Success
19:46 Leveraging Local Businesses
21:10 Exploring Mobile Services
21:34 Creative Land Use for Car Sales
24:51 Scaling Novelty Products
24:59 Nikita Bier's Viral Success
31:03 Monetizing Instagram for College Students
34:56 Opportunities in High School and College Markets