My First Million

The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.

Credit Card Points Travel Concierge

For: High-spending individuals with accumulated credit card points but no time to optimize redemptions

Buildability

The Problem

People accumulate millions of credit card points but find it too time-consuming and complex to optimize redemptions for maximum value

The Solution

Concierge service that manages all aspects of points redemption, finding optimal flights, hotels, and experiences based on customer preferences

Why Now?

Credit card rewards have exploded, creating massive point accumulations. Existing tools are clunky and time-consuming for busy professionals.

Build MVP in 7 Days

Day 1

Create intake form for points inventory and travel preferences

Day 2

Manually research and book one optimized trip for test customer

Day 3

Document savings vs cash booking

Day 4

Create simple dashboard showing point values

Day 5

Establish basic compliance procedures

How to Validate

Survey people with 500k+ points about pain points

Offer free optimization for 5 people's next trip

Measure time saved and money saved vs their usual booking method

Test willingness to pay based on demonstrated value

Revenue Model

Monthly retainer ($200-500/month) plus percentage of savings generated vs cash equivalent bookings

Competitive Moat

Expertise in complex redemption rules, relationships with travel providers, automation tools

Risks to Consider

Credit card terms of service violationsPoints devaluations reducing customer savingsDifficulty scaling personalized serviceCustomer acquisition cost in niche market

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Playbook

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Mental Model

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