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Online repository of location-specific untapped business opportunities

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Povilas S
Povilas S Oct 11, 2021
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An online database of ideas for various business startups that would likely succeed because an obvious unfulfilled niche exists at a certain place and a certain time. Such business ideas don't have to be novel per se or bring about some unexisting/significantly improved product or service, they only have to point to an existing business opportunity.

Some examples:
  • There's a new catching up style trend in some city but there's no shop oriented towards it, opening a shop focused exclusively on that style type would attract customers.
  • Car repair shops in a certain country/location don't provide the service of restoring certain parts of a car engine, therefore people having problems with those have to either buy a totally new part (which might be very expensive) or put a second-hand one with no guarantee if and for how long it will last. One could open a repair shop focused solely on restoration service.
  • Opening a large size vegan supermarket (in any big enough city) with a product variety and prices not significantly different from that of an ordinary supermarket.

Anyone could suggest a business idea on the platform, those would get rated according to how good/likely to succeed they are. The ratings of people from a location most relevant for a certain idea would be prioritized. People with resources and ambition to start a business could browse through such database to get inspiration. You could search for ideas according to the location in which you want to start a business, business sector, and more.

Those suggesting the ideas would mostly be people who won't do it themselves but would like to see such ideas realized, for example, potential customers (people currently in demand for some service/product) or businessmen who are too busy with other projects. Business ideas that are relevant worldwide would also be welcomed on the platform.
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Creative contributions

The database could also facilitate business-to-business services

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Shubhankar Kulkarni
Shubhankar Kulkarni Oct 13, 2021
For example, if I want to start cheese production locally in my city, an existing company in Europe could sell me their bacterial culture. May I could open a franchise. This will depend upon how the two parties want to proceed with the business. The repository will help connect these two parties.
Similarly, if a business requires some raw material that is cheap in a different country, they could collaborate via the repository.
Maybe the repository could mediate and charge a small fee to both parties. This will help with the maintenance of the repository and the repository itself could also be converted into a business.
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Povilas S
Povilas S9 months ago
I think the site could charge a subscription fee for getting access to all of the ideas. That could be the business model to support the site. Some of the ideas would be visible to all of the visitors, but if you wanted to access the rest you'd have to pay a subscription fee.
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General comments

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Miloš Stanković
Miloš Stanković4 months ago
A founder of a Serbian startup revealed that he copied the idea from a Polish company. He went and looked at Polish markets specifically because they were, in his opinion, several years ahead of Serbia in new business development. He collected several of their businesses ideas this way.
So this way of categorizing businesses that exist or don't exist in different areas and countries for others to mimic or utilize could definitely succeed.
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Povilas S
Povilas S4 months ago
Miloš Stanković Yes, but in many cases, the business would succeed in specific area or areas only, because of certain, favorable conditions existing there, for example, you are unlikely to succeed with another coffee shop in New York City, but likely to succeed in a small town having no coffee shops.
That's what the idea is based on. It's not the same as copying ideas from businesses that already exist and thrive somewhere and that would succeed elsewhere as well.
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Miloš Stanković
Miloš Stanković4 months ago
Povilas S I understand that. Still, it would be a great roadmap to see what is out there in an area and what is not. Beyond common businesses like coffee places or national food restaurants. Comparing conditions is what the guy I mentioned did in the first place. He thought the cultures were similar and that the road was similar for both countries, with different positions on that road.
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