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What It's About
Today's caller wants to borrow model from one industry and apply it to another.
Notes from Chris
Episode 1701
If you’re looking for a less-obvious way to make money, it can be helpful to think about transferring your skills in some way, or adapting one industry to another. If that sounds vague, we’re going to make it very specific in this question and answer episode. A listener has an idea to become a wedding consultant who is effectively a claims adjustor, helping couples to pay less. She’ll explain more. It’s certainly an interesting idea, but is it viable?"You profiled a freelance medical claims adjustor, who helps people negotiate lower hospital bills. It got me thinking: could there be room for this kind of role in another industry? The one I was thinking of was weddings. Anyone who's ever had a wedding (or paid for one...) knows that they get expensive. In fact, an event planner told me that lots of service providers charge a higher price for weddings than for other events, just because the whole industry does it so they can get away with it. That’s crazy! Therefore ... what do you think about a side hustle that helps couples pay less, perhaps by negotiating bulk rates with venues, photographers, flower shops, and so on?"Listen to today's episode to learn more...
SEE ALSO:
- Government Employee Becomes Flash Mob Marriage Proposal Consultant: After receiving a “lame” marriage proposal, this former contractor sets up shop helping others create memorable proposal stories. Last year, she made a lot of people happy… and she also made $450,000.
- Writing Duo Makes a Vow To Improve Wedding Speeches: Two freelance writers use their wit with words to write wedding vows for tongue-tied brides, grooms, and sometimes even the best man.
- Newlywed Creates Floral Services That Can’t Wilt: This project manager was astonished at how expensive a wedding could be. After shelling out a lot of money for his own, he starts a service to help engaged couples save thousands.
