🧠 A Membership Business for Remote Workers
Discover more from 3 Ideas on Sunday
🧠 A Membership Business for Remote Workers
and how to become 37x better at anything in 1 year + Airbnb announced permanent remote work, and this happened…
Estimated read time: 3 minutes 34 seconds.
1. Business idea of the Week: In-Person Meet Up Clubs
Remote work has increase by an estimated 173%, with over 88% of global organizations offering remote work throughout the pandemic. Remote work brings a lot of advantages and seems great on the surface, but also has plenty of disadvantages.
Networking, mentorships, and co-worker relationships all suffer when employees only talk through a computer screen. I’ve met some of my best friends while working in an office, and would not have those same relationships if I were working remotely.
“70% of people rank work social relationships as important as getting the work done.”
I speak from experience when I say it can be very hard to make new friends in a new area, especially when you’re working in your house all day.
The Idea: Create local membership clubs for specific jobs and industries. This club allows professionals in your area to meet others in their industry or job field, make friends, and learn from some of the best in their industry.
Here’s an example of some “Work at Home groups” throughout the world.
How to get started: The best way to start this is with a job niche that you’re familiar with, and plan an event. For example, I have been in tech sales for the past 5 years, and have become very familiar with the job titles and career paths for tech sales professional.
You can create a cheap event by finding a reputable speaker in your niche, and pitching them on your idea. For example, find the “VP of Sales” at a well known business in your area, and pitch them on speaking at your event. What’s in it for them? Offer a percentage of the event revenues or pitch them on the fact they will be speaking in front of professionals that could be key recruits for their team in the future.
Next, you can use LinkedIn to find and connect with your ideal prospects, by searching for specific job titles in your area. Example - Account Executives within a 30 mile radius of Wilmington, NC.
Once you have a speaker, you can use their name as the “headline” for the event. “Join us for this months meetup and listen to John Smith present his top 10 tips on how to become a top 1% sales person”.
How to monetize: You can charge per event ($25 per ticket), or even better, a monthly membership ($100 per month). With the membership you can include access to a group chat like discord, as well as monthly or bi-weekly meet-ups. Every meet up doesn’t have to be an “event” with a speaker, and can be something as simple as a meetup at a bar, beach trip, hike, etc.
The key to this business will be strategic partnerships with people of influence or authority in the niche. People will want to be part of clubs that have people they want to be around.
Things a like about this idea:
Monthly recurring revenue from membership fees.
Little to no upfront cost.
You’ll meet awesome people, and build a killer network.
Let me know what you think!
sources: https://www.apollotechnical.com/working-from-home-productivity-statistics/#:~:text=Remote%20work%20productivity%20was%20stable,people%20are%20the%20most%20productive.
https://kissflow.com/digital-workplace/remote-work/shocking-work-from-home-statistics/
2. How to Become 37x Better at Anything in 1 year.
This is arguably one of the most important concepts you need to understand to become the best at anything.
Sales, chess, guitar, basketball, you name it. If you want to become the best, this is how to do it.
Compound interest in finance is referred to as the 8th wonder of the world, and for good reason. But the same use of compound interest in finance can be applied to your life and skills.
“If you get one percent better each day for one year, you'll end up thirty-seven times better by the time you’re done.” - James Clear
Check out the power of just 1% everyday for 1 year.
So how do you become 1% better every day?
By creating habits. More on that later…
P.S. - I just started reading Atomic Habits by James Clear. I’m only on chapter 1 and already feel like - 🤯.
source: https://jamesclear.com/continuous-improvement
3. Airbnb Announced Permanent Remote Work - And this happened…
Airbnb has announced that they will now allow the majority of their employees to permanently work remote.
Here’s the 5 key features:
Employees can work from their home or the office. Whichever they prefer.
Employees can move anywhere in the country and their salary will not change.
Employees with have the option to live & work in 170 countries for up to 90 days at a time.
There will be frequent in-person gatherings, with most employees meeting with their team once a quarter (4 times per year).
They will now operate on a multi-year roadmap with 1-2 product releases per year.
So what happened when this announcement was made?
Airbnb’s career page received over 800,000 page views. Wowzers.
Imagine how many applications have been submitted in the past week. Talk about a talent pool to select from…
So now the question is… Will we see other tech companies announce similar plans to attract and retain top talent?