Hey everyone!I post regularly about business ideas and opportunities. I've made previous posts like this and you all seemed to like it. You can check out more ideas like this here.Names-as-a-ServiceBackgroundHere's the link to an incredible article. The short version is that a British teenager runs Special Name, a website designed to provide Chinese parents with culturally appropriate English names for their babies. At first she offered the service for free but nows she's charging 79 cents per name and so far was able to earn more than $400k.I also recently noticed that Starter Story gets most of its traffic from posts covering naming ideas. Almost 30% of the top keywords it ranks for contain the word "name". Just a few examples: "boutique name ideas", "photography business names", "kids clothing brand names", "good youtube channel names", "podcast name ideas list", "clothing store name ideas", "candle name ideas", "bicycle company names", "unique bakery names". There are hundreds of similar keywords that drive significant traffic to Starter Story.Pro subscribers can access a comprehensive, enriched list of keywords Starter Story ranks for organically here.(As an aside, I recently signed up for the Starter Story Premium Plus plan and was really disappointed. The focus is clearly on quantity over quality. Most of the content is written for the Google crawler, not for humans. For example, this is how they explain the business idea to "Start an API": "Often times, as a API, you typically work alone and do not have much face-to-face interaction with other team members." In other words, it's automatically generated garbage.)OpportunitiesThere's an incredible number of niches you can offer names-as-a-service in.Baby names for Chinese parents is just one example. What other countries and languages could this model be applied to?If you search for terms like "boutique name ideas" all of the top results are simply static lists of names. Not a particularly good solution imho but it's clearly working. Using GPT-3 it's very easy to churn out lists as Starter Story does.Slightly better are naming tools like Namelix. However, since they make their profit through affiliate commissions from premium domain sales the incentives are not really aligned. The name ideas tools like Namelix generate are usually low-quality since this pushes people towards the premium names they also list. Moreover, the names are usually not dynamically generated but simply pulled from a large database. (ML models are expensive to host and run.)Next we have on-demand services like Special Name which involve some human touch. You can use tools like GPT-3 to generate a long list of ideas for each client but then curate it manually to make sure they're really relevant. (I recently explored this model very successfully with Product Ideas. I own the domain BrandNames.ai and hence I might try to apply the same model to the naming niche.)Given that names are extremely important for parents or business owners I bet at least some of them would be willing to pay $50+ for a premium consultation with a naming expert.Now the absolutely best solution would be to tie all of these levels together. Churn out static lists at scale to attract visitors from Google. Then sell them your naming services or tools.I hope you enjoyed this report. If you have a minute, please respond and let me know what you think. see hubwealthy.com/wealthy
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