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Trend: Cannabidiol industry
The global cannabidiol market was valued at USD 4.6 billion in 2018 and is anticipated to witness a lucrative CAGR of 22.2% over the forecast period. The demand for cannabidiol (CBD) for medical and wellness purposes is high due to its healing properties, which is the key factor driving the growth of the market. Moreover, growing product adoption and utilization owing to government approvals is a major factor anticipated to drive the demand for cannabidiol infused products.
Useful links: CDB market size
Idea: Instant clinic
A place where a person may find all the available doctors in the city sorted by time, ratings, location, clinic, etc.
There are such approx. similar websites. But I'm not sure they're the place where I can find a doctor in 2km near me to make an appointment in 2 hours.
Ideally, it's a single place of "truth" for information regarding doctors and clinics in the city. So the clinics are interested to be added to the platform, to provide up-to-date information.
The platform may charge a fee(for a clinic) for every appointment. Or, charge a fixed sum of money to be listed on the website.
Problem: I spend more time than needed to add events to my calendar.
I use Google Calendar as a reference for all my appointments and bookings. When I have a new appointment, I open the calendar app, pick a date, and fill out the necessary info. It takes more time than needed for such a simple thing. And when such an action has friction, I sometimes don't want to add that to a calendar. Creating a reminder is simpler.
Potential solution: a bot in the messenger one uses the most that will manage events in Google Calendar more simpler. For example, one may write just "Therapist 15.06 3pm". There may be various formats of commands. The primary goal is to make adding events faster.
Idea: Find a roommate
An online platform to simplify searching a roommate, something similar to a specialized social network. It would be easier to have such a service than looking for the people on local forums or asking friends.
Problems:
- Founders lack an easier way to interact with other founders directly
- Young Makers don't get the opportunity to communicate with the experts directly
- Finding Right Co-founder is the biggest burden for a Founder
- Communication Gap while interacting on a social media while making a good connection.
A possible solution:
- A platform that allow you to connect on one to one video chat with a random founder of your interest from all around the globe.
-So you can brainstorm with each other and enjoy the discussion
- share each other problems, solutions , experience and verify your potential idea and help each other to uplift each other
- You can find your co-founder having same area of interest
- Get the chance to pitch your idea directly to the investor
Example
Idea: Lunch with interesting people
A match-people app where you pick people with whom you want to have a meal. The meal isn't important here, just an idea to have an interesting conversation when you eat.
The app recommends people you may be interested to talk to. There are their profiles with their interests, topics they want to talk about, the food they like and dislike. If you think you want to have lunch with the person, (s)he will be notified and can accept or reject your proposal. It shouldn't be a dating app.
🔍Tip
People will be willing to pay good money for something that:
- saves them time
- saves them money
- makes them money
Find a problem where a solution does one or more of these things, and you're well on the way to a sustainable business.
If it does all three, jackpot.
Source
Resources for (potential) founders:
- YC library for founders. I recommend to read/listen all the things there from Michael Seibel who is CEO of Y Combinator. Youtube videos with him (some of them are in their Library too).
- How to start to build something from Indie Hackers - a lot of useful advice too. How to find a partner, what idea/problem to choose and so on. It's more about the whole process, not only choosing a market. Also, it's a good community there. They have interesting interviews with founders.
- The Mom Test book explains how to talk to potential customers and understand whether you have a good business idea. Must read.
- Interviews with failed startups helps you to understand why they fail and what they could do different.
#materials
Idea: Genome Storage
The cost to sequence the human genome continues to decline; because of this and given the fact that more genomes will be sequenced in the future, it is extremely important that when these genomes are sequenced they are stored securely and safely since it is very sensitive data.
Solution: Secure health records database to store things like human genomes. Costs of sequencing the genome have decreased from over $10,000 to less than $1,000.
Let's practice the idea creation skill. First, I will give you a problem, and you'll think about potential solutions. And I'll write my idea below as an example.
Problems:
1. It's challenging to find a job.
2. It's challenging to find out what kind of job you want, given you want to change your current profession.
3. It's challenging to understand what skills you need for this or that job, given the market is constantly changing.
There are some other related problems we may deduce from the ones above. We might combine all of them into one: we don't understand the current business needs on the market to find a good job.
Companies give vague job descriptions, and it isn't easy to understand what they do precisely. Or they provide irrelevant requirements to candidates. E.g., we ask you about A, but you'll be doing B.
Think about how we may solve this. Here's my thought, tap to open it.
Create a platform(website) where you hire N industry professionals to describe what they do and current business requirements to people who want to work in the X industry in the Y job position. Then, make some of that information open and charge some money for the rest of it. Of course, we need many professionals in various domains, and we should update the information regularly.
Idea: How many hours I worked for this
A browser extension that shows you an amount of hours you need to work to buy a thing on a checkout page. It should improve mindfulness for some people.
It won't help though if you've already decided to purchase a thing since we may do so emotionally, not rationally.
Article to Instagram image
Many people use Instagram as an additional or main source in their marketing. It turns out the process isn't convenient because it's time-consuming to convert useful information into images. You should google for the right image dimensions for Instagram, then design those, fit huge amounts of info there. What if we had a tool for that?
You put information there and the tool converts it to the images that can be posted on Instagram. A few clicks instead of a few hours for someone.
💡Idea: Algorithmic Casting Director
Problem: There about 135,600 actors in the US that are both employed and unemployed. Globally this number is even higher. Given this, it is extremely difficult for casting directors to find high-quality talent.
Solution: An algorithmic casting director that can analyze the audio and video submissions from candidates to determine if they would be a good fit for the role. Right now, casting directors have to watch each individual video in order to determine whether or not to move someone forward in the process. Given that these directors are looking at hundreds or thousands of videos, this leads to implicit bias. Thus, the business would attempt to eliminate bias and increase diversity in casting by being more objective and (hopefully) more accurate in finding high-quality artists.
💡Idea: Developer digest
A website or a newsletter that collects the last day/week best articles, links, new good newsletters for developers.
I spend some time going to multiple websites to get the latest information such as articles about some technology, what's interesting in new releases, what new interesting Github repositories appeared, the top posts on HackerNews.
All of this takes time to filter and read. It'd great to have one place where only the best articles appeared.
idea: Replacing faces service
My friend makes videos where he substitutes people's faces. He tried a few paid services, but there are problems: the video quality is low, the faces aren't replaced right.
So, the main issues are the quality of the video and the substitution. We might build a service that provides a better video quality which means higher processing time on a server. To leverage this issue, we could provide custom plans where users would choose video quality. For example, 720p is priced more than 480p. Notice that it's hard to render such videos and probably you'll need performant GPUs for cloud hosting.
The second issue is the quality of the face substitution. To handle this we could use custom parameters provided to end-users but simplified to their understanding. So the service can be used by not only programmers, video professionals, or deep learning engineers. Our target is regular people that aren't familiar with underhood face replacement magic.
There are some open-source projects for that, so probably you don't need to re-create a wheel. I guess it needs a custom configuration to handle various kinds of videos and faces to be handled in the service and to provide a friendly API for users.
Idea: App marketplace
A platform that distributes mobile apps, PWAs. Unlike Apple and Google Play, it doesn't take a registration fee. The problem it solves is providing people a new place in the game on a monopolized market.
Idea: Cloud video transformation
Many companies build their own solutions to work with videos. For instance, encoding, decoding, cutting, making previews and so on. For a company which goal isn't providing such functionality, it's resource consuming to make its own solutions to work with video.
The idea is to provide video transformations functionality as API in a cloud. Thus, I can easily, for example, cut a video file, then reduce its size in one or two API calls instead of spending a huge amount of time implementing this myself.
Monetization: users pay for an API call. Or tiers for a specific amount of calls per day, week, or month.
Idea: Coming soon page generator
For people who want to quickly validate an idea: the app generates a coming soon page from an Excel document. You can choose a logo, a favicon, varied text options + font, how many page sections you need (pricing, about us, etc.).
It also generate an email sign-up form, so when someone put its email, you will know (emails will be stored in a cloud storage where only you have an access to view).
The process looks as following:
1. You write an Excel document where put the necessary coming soon page configuration.
2. The app generates a page based on your config, shows you a preview.
3. Get a coming soon page code.
Idea: "Start here" for business
A website that covers all the things about running a business. Such as whether or not to sell a product, do you need investors, how to talk with them, how to hire, when, and whom.
There is a lot of information on the Internet. The issue is how to filter it out to recognize valuable insights. A genuine thing would be to interview founders on how they did all those things that interest us. Their how-to guides.
Idea: Clothes identification
An app that allows you to identify what clothes are in a photo or video. An additional feature may be a suggestions on where to buy those clothes online or locally.
Idea: Almost random newsletter
A newsletter that sends you an almost random(based on your preferences) newsletter. Then you hit "like" or "dislike", so it'll adjust your interests better for the next digests.
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Idea: Github for recipes
Everyone loves recipes. But there are 10s of millions on the internet. No one is able to verify which are best and you can't save your own changes.
Search for the right recipes, and find the most referenced / contributed to. If you find a way to improve it, you can fork your own branch, or request to change the original. You can see all the past variations.
If you're a company working on a food product, you can keep all of your recipes in one repository. You can see all the past versions, and keep track of changes.
Idea: 3D body measuring
A tool that measures a human body sizes in all dimensions. It allows to set up the tool in a clothes store on the entrance, measure each person and then highlight the matching clothes for them.
In a huge stream of posts, stories and articles, it is very important to receive high-quality and useful information.
Channel CXDojo collects the best books, podcasts, conferences and hot innovations from the business and IT spheres. Everything you need in one place👌
CXDojo is your daily dose of tech and business news and insights!
A month ago, this NFT with SpongeBob was handed around to everyone, and today it costs $520 apiece 😏
Want to grab a piece of this freebie?
Subscribe to NFT Drops. The author has created a bot that detects free crypto and NFT giveaways and publishes them on their channel.
He wrote about the NFT with SpongeBob a week before the distribution, and all the subscribers made big bucks on it.
⚡️Right now, 10 similar NFTs are being distributed on the channel, subscribe before it's too late - @nftdroops
Training together
Training programs (runners, cyclists, etc.) for couples with different levels but who want to train together. It should provide data synchronization across different devices - watches, desktops, smartphones.
Why: such apps could encourage couples to train together. Or with friends. To transform training into a competition.
Open-sourced fitness bracelet
Recently I've got a fitness bracelet(Honor) to track my sleep better and other metrics. I had an idea to collect as much data as I may through API, so I'd build an app to get my(!) data and analyze it in a way I prefer. Why? I'd like to have data for the years I wear the device to make my conclusions and visualizations, rather than just what I see on their app.
Why would anyone care? A bracelet app may show you how well you sleep, but not raw data you or other people would analyze better. You may scan the data through more advanced algorithms(e.g. employing ML) than just doing "if sleepTime < 6 hours { return 'You slept too little' }". There are good data though my bracelet app presents to me I could handle it to make some other aggregations.
The other thing to mention is it'd be nice to have all your raw personal data that the device collects, right? Why can't you upload it all and analyze yourself? Yes, I bought the thing, give me the great API. Instead, there are many obstacles. In my case, I should register in some Huawei(the Honor parent) company development program, then get their development kit available only on Windows. It's ridiculous.
A potential solution? Well, some (nerd?) human-oriented devices and open API to do what you want with your data. Analyze it. Make your server the device will send the data to. Do whatever you want. No closed APIs and unknown policies regarding your data that is being sent to some big company servers, so they can "improve our metrics".
Cryptocurrency is the tip of the iceberg. Do you think you missed out on $100 bitcoin?
I'll tell you no! Now there's the NFT, the meta-universe, and a lot more to come. Maybe you should start figuring it out so you don't end up a fool.
I'm broadcasting about the metaverse, come on in -/channel/+Vkm-1H4VDsMyZmFi
Idea: Educational app for Gen Z's & Millenials
From @joshuang35
Gen Zs and millennials are always offered services tailored to either process (etc. tuition or game coaching) or outcome (assignment service or boosting)
Would it be feasible to create an app just purely for middle ground for Gen Z and Millennials which focuses on assistance and improvement, which can provide options for those that do not want options at both end. For example, for education, the helper will help with crafting the structure of your assignment and help you but not do the assignment for you. Whereas for gaming, the higher skilled player will coach and help you during the game itself.
