š§ A Dog Poop Clean Up Business ft. Bryant Suellentrop
I Created a Towel Hoodie and What is the Ethereum Merge?
1. Business idea of the Week: Dog Poop Clean Up Service
This week I sat down with Bryant Suellentrop to discuss how heās build elevateanddelegate.com, and his business idea for a dog poop clean up service.
You can watch the whole interview on Youtube.
Now letās get into the ideaā¦
Itās estimated that over 48 million households in the US own a dog.
But what is one of the most annoying things about owning a dog?
Picking up their poop.
The idea: Create a dog poop clean up service.
This business will work best in affluent areaās where people have yards for their dogs, and are willing to pay for a monthly service.
In order to make this work, you will need to sign up enough households in a neighborhood, to make each trip worth it.
Letās take a look at some of the numbers:
Bryant mentioned you can charge ~$15/visit at 3 visits per week.
This will give you $45/ week or $180 per month.
Now letās say you get 50 customers within a few neighborhoods.
This will get you to $9,000/month or $108,000/year in revenue.
How to get started:
Step 1: Set up Google My Business and a basic website for leads.
Step 2: Get friends to leave Google reviews and set up a business phone number.
Step 3: Use local marketing tactics like yard signs, flyers, etc.
Step 4: Start selling.
You can listed to Bryant walk through the exact steps he would take to build this business starting at 36:00.
You will also need to decide if you will be doing the service yourself, or hire people to do the poop clean up. It will be much easier to start doing it yourself, but will require employees to scale.
Hereās an example of a franchise business already offering this service: poop911.com
This business is un-likely to make you rich, but is a great first time business to create cashflow, and solve a real pain point.
2. What is the Ethereum Merge?
This week, Ethereum completed the āmergeā.
But what does that actually mean?
In basic language, Ethereum got a software update.
Its like updating your iPhone from IOS 15 to IOS 16, but on a much bigger scale.
The major difference is that Ethereum changed from proof-of-work to proof-of-stake.
Proof-of-work requires high-energy computing devices to āmineā Ethereum, and make Ethereum work. When a miner completes a transaction, the miner is rewarded with Ethereum that they can sell for real money.
Miners have high electricity costs, so they are often required to sell the Ethereum they earn to cover costs, which creates a lot of sell pressure for Ethereum everyday.
Now with proof-of-stake, āvalidatorsā verify transactions, and make the Ethereum blockchain work.
People can now āstakeā their Ethereum with these validators and will receive a reward when that validator confirms a transaction.
But since you have to āstakeā your Ethereum with the validator for a set period of time, there should be much less sell pressure.
Ok, I know thats a lot to process.
Here are the points you need to know.
Ethereum changed from āproof-of-workā to āproof-of-stakeā
This change should decrease the energy consumption of Ethereum because there are no longer āminersā using tons of electricity to run computing devices.
Without miners selling their Ethereum everyday, there should be less sell-pressure everyday.
There are a few other changes, but these are the major ones to be aware of.
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