My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Business Idea
For: Teenagers and young adults who want to publicly rank their closest friends
The Problem
People want to signal their closest relationships publicly and be validated by inclusion in others' inner circles, but current platforms don't provide explicit ranking mechanisms.
The Solution
App where users select their 9 closest contacts, publish as shareable content to social media, automatically notifies selected people who then download to see who chose them and create their own rankings.
Why Now?
Social media fatigue with algorithmic feeds creates demand for authentic relationship signaling. Nostaglia for MySpace Top 8 among young adults. TikTok/Instagram provide distribution for ranked list content.
Build MVP in 7 Days
Simple contact selection interface
Basic ranking graphics generator
SMS notification system
Social media sharing functionality
User onboarding flow
How to Validate
Revenue Model
Freemium with premium features like ranking analytics, historical rankings, private rankings, custom graphics themes
Competitive Moat
Network effects - value increases with friend adoption. First-mover advantage in explicit social ranking. Viral mechanics create acquisition cost advantage.
Risks to Consider
Related Knowledge
tax_optimization_democratization
Previously exclusive tax optimization strategies used by ultra-wealthy are becoming more accessible to high-income entrepreneurs and professionals through specialized firms and educational content.
viral_sms_notifications: Automated SMS to ranked contacts driving app downloads
Creates immediate personal stakes - people must know who ranked them.
Film Production Tax Credit Strategy
A legal tax strategy where wealthy investors finance films to claim 100% depreciation deductions immediately while using state tax credits and financing to minimize actual cash investment.
Harvard's Triple Business Model
A framework for understanding how elite institutions combine tax exemption (church), investment management (hedge fund), and premium services (luxury daycare) to create massive tax-free wealth generation.
Build acquisition-based holding company from profitable agency cash flows
$600M+ market cap holding company with diversified portfolio, minimal equity dilution, consistent cash generation from original agency funding acquisitions.
The Institutional Circle
Elite institutions (universities, pension funds) invest in private equity and hedge funds run by their own alumni, creating self-reinforcing wealth concentration loops.