The Million-Dollar Business You Can Build From Your Living Room

What you need to know:
- In 2017, global revenue for used smartphone sales was close to $20B. It’s expected to hit $44B by 2025.
- The used smartphone market is expected to grow 4-5x faster than the overall smartphone market, with an anticipated 50% YoY growth in units sold.
- As of 2016, analysts predicted about 50% of old smartphones were traded in for new smartphone credits with manufacturers or carriers, while the remainder were sold to retail shops, second-hand device specialists, or online.
How you can capitalize:
- For sellers: A phone retailing at $880 new can fetch as much as $440 in a secondary sale — particularly on newly-mobile overseas markets in India and China.
- For builders: Fixing and flipping newer phone models can generate 54%+ profit margins per unit. To make $1k a month, you’d need to fix and flip about 25 cracked iPhones (a little over eight hours of labor).
- For investors: The market is still highly fragmented. There’s plenty of room at the top for brands that can win buyer/seller trust and own the end-to-end repair and resale process.
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The signal: As more people wave goodbye to dairy, alternative milk is slowly taking over; it has already cornered 13% of the market. With the exception of soy milk, all of the alt-milks have been on the up, with some of the newer entrants including hemp milk and pea milk. Other alt-products are getting attention, including cashew cheese, with 18100 searches per month.

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The signal: Since killing the headphone jack, Apple has graced the world with AirPods, which did an estimated 60m units in 2019. That means AirPods alone are bringing in approx ~$10b in revenue, more than Twitter, Shopify, or Spotify, to name a few popular tech giants. Opportunity lies in Apple opening up SiriOS or the wave of iPhone accessories (including cases, cleaning kits, hooks, and keychains) which have shown “hockey stick” growth alongside their hardware predecessor.
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