Business-in-Box Success
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A "Business-in-a-Box" model that provides complete starter kits with training and supplies to help people start their own small businesses. The concept is exemplified by Bill's Lemonade, which generates $5M annually selling lemonade stand starter kits.
Core Business Model
- Sell complete business packages that include:
- Equipment and supplies
- Training materials/courses
- Brand assets
- Operating instructions
- No ongoing royalties or franchise fees
- Only charge for initial materials and training
Example: Bill's Lemonade
- Cost structure:
- $1.20 cost per lemonade
- $4-6 selling price
- 70% profit margins
- Package includes:
- Frozen lemonade machine
- Shakers
- Cups
- Brand materials
- Business guide
Potential Applications
- Food Service:
- Snow cones
- Ice cream trucks
- Hot dog stands
- Service Businesses:
- Pest control
- Corporate headshots
- Home office setup
- iPhone repair (like iCracked example)
- Airbnb photography
Revenue Opportunities
- Initial kit sales
- Ongoing supply orders
- Training materials
- Optional lead generation services ($25 per lead model)
The model works best for simple businesses where basic training can enable someone to operate successfully and generate around $100,000 per year working for themselves.
21:20 - 26:41
Full video: 01:05:29SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.