Tuesday, November 10, 2009

Drive-By Money

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http://www.shotspotter.com/

Police surveillance cameras can make civil libertarians queasy. But what if cops could listen for dangerous crime instead of watching?

Enter ShotSpotter, a Mountain View, Calif., company that has installed microphones on telephone poles in 45 cities and counties across the U.S. with few complaints from local citizens.

ShotSpotter monitors only one thing: gunshots. Its microphones can detect a gunshot from a mile or more away. The system determines the exact location of each shot using triangulation and wirelessly transmits a recording of the sound to police dispatchers. Today ShotSpotter monitors about 125 square miles with 900,000 inhabitants and charges $25,000 per square mile of coverage. The company is expanding, with 50 employees and counting.

The system was installed in San Francisco late last year as part of a crime-fighting initiative. Since the beginning of the year, the city's homicide rate has dropped 50%.

According to the San Francisco Police Department, the microphones have already had a deterrent effect. "There's an understanding within the criminal element of the technology, and I think that's causing incidents to decrease," says Lt. Mikail Ali, who oversees monitoring of the two-square-mile area covered.

CEO James Beldock, 34, who took over the company from scientist founder Robert Showen in 2004, was struggling with anemic growth until he acquired a small wireless company in 2005. That let ShotSpotter lose the cumbersome telephone wiring required by earlier versions of the technology.

ShotSpotter's clients include the U.S. Army, which has been testing the system in Iraq. As a result, the Commerce Department classified the microphones as military munitions, which meant that they couldn't be exported. But Beldock fought back, spending roughly $500,000 on lawyers and consultants. "Night-vision goggles went through the same thing 15 years ago," he shrugs.

It paid off: ShotSpotter won the right to pitch its product to police chiefs around the world. Its first target: Brazil, another country with a history of major gun violence.

For more unusual ways to make money, visit this site.

The Million-Dollar Idea in Everyone: Easy New Ways to Make Money from Your Interests, Insights, and Inventions

IdeaSpotting: How to Find Your Next Great Idea

How to Make Millions with Your Ideas: An Entrepreneur's Guide by Dan S. Kennedy

101 Businesses You Can Start With Less Than One Thousand Dollars: For Stay-at-Home Moms & Dads

Make Your Ideas Mean Business

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Sunday, November 08, 2009

5 Totally Weird Business Stories From A Few Years Ago

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1. How Sigmund Freud Helped A Man Sell Couches Worth Thousands Of Dollars

Psychoanalysis, the treatment originated by Sigmund Freud more than a century ago that requires patients to lie on a couch and say whatever comes to mind, has been battered in recent years by everything from antidepressants to skepticism to managed care that doesn't pay for such long-term therapy. So who in his right mind would want to launch a company that makes psychoanalytic couches?

2. How To Make $4 Million A Year In Sales With An Ugly Website.

Joel Boblit parlayed nostalgia for his childhood toys into big-time business when he discovered how much Transformers--robot action figures whose popularity has continued since the 1980s--were being sold for online. He launched BigBadToyStore.com in 1999 shortly after graduating college, while he was reliving fond memories of trading his favorite childhood toys--GI Joe, Masters of the Universe and Transformers. The biggest challenge in those early days? Boblit admits: "Being teased by my friends."

3. How Knitted Thongs Helped A Couple To Launch Fashion Business

With so much competition nowadays, a small business needs to create buzz and excitement to survive. That’s exactly what Vicky Prazdnik and Lori Mozzone did in their startup fashion business Curliegirl. The duo designs and creates crocheted and knitted hats, bags and scarves, but it was their sexy crocheted cotton thong underwear products that got them lots of attention at the start!

4. Bad Fishing Trip Makes A Florida Man Rich

Great business ideas often come from strange places, but no one expects to find one at the bottom of a river. Yet that's what happened to George Goodwin. When he went fishing in shallow Florida riverbeds during the early 1970s, Goodwin often caught more logs than bass. "I used to snag my lures on them," he remembers. Most fishermen would have cursed their luck; Goodwin, now 59, reeled in a multi-million-dollar business instead.

5. How Any 13 Year Old Kid Can Become A Millionaire

At the age of just 13, Dominic McVey exploded into the public’s consciousness when he started importing collapsible scooters from the USA, making him a reported £5 million. Now 19, McVey has sought to find other lucrative niches in the market, with varying success. Here the outspoken entrepreneur talks about his astonishing rise, his views on UK business and his plans for the future.

Oh and don't forget the PickyDomains story.

Cryptainer Review

The Million-Dollar Idea in Everyone: Easy New Ways to Make Money from Your Interests, Insights, and Inventions

IdeaSpotting: How to Find Your Next Great Idea

How to Make Millions with Your Ideas: An Entrepreneur's Guide by Dan S. Kennedy

101 Businesses You Can Start With Less Than One Thousand Dollars: For Stay-at-Home Moms & Dads

Make Your Ideas Mean Business

Link of the day - If You Sell Links On Your Site, I Will Buy Them Off You

Saturday, November 07, 2009

Rent The Runway

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http://www.renttherunway.com/

From fine automobiles to designer handbags, we've covered various companies that let consumers rent expensive objects instead of buying them. The latest to join the herd is New York-based Rent the Runway, which allows women to rent designer dresses.

Dress-seeking fashionistas browse RTR's collection and schedule a delivery date (next-day delivery is available, as well as same-day in New York City). RTR then sends them the dress, including a second, back-up size to make sure the fit is as good as the design. Rental costs are around 10% of a garment's retail price, and range from USD 50–200. Customers can rent for four or eight days, after which they return the dress in the USPS return envelope that RTR provides. The extra size—which RTR provides at no extra cost—must be returned unworn.

Further proof that its founders have thought through the concept from a consumer's point of view, RTR also lets members rent a second style for just USD 25. Which gives them a back-up option for last-minute decisions, or a second dress to wear at an elaborate wedding or a multi-day event. Brands currently on offer include Just Cavalli, Helmut Lang, Proenza Schouler and Hervé Leger.

Appealing both to consumers who are cutting back for economic reasons, and to those who value experiences over ownership (dubbed transumers by our sister-site trendwatching.com), there's plenty of room for concepts like Rent the Runway to grow, especially if they provide their clients with heightened convenience as well as heightened style.

For more unusual ways to make money, visit this site.

The Million-Dollar Idea in Everyone: Easy New Ways to Make Money from Your Interests, Insights, and Inventions

IdeaSpotting: How to Find Your Next Great Idea

How to Make Millions with Your Ideas: An Entrepreneur's Guide by Dan S. Kennedy

101 Businesses You Can Start With Less Than One Thousand Dollars: For Stay-at-Home Moms & Dads

Make Your Ideas Mean Business

Link of the day - If You Sell Links On Your Site, I Will Buy Them Off You

Tuesday, November 03, 2009

Crime Does Pay

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http://www.chicsc.com/

Dan Reynolds didn't set out to become an entrepreneur. Instead, the full-time firefighter and former commercial truck salesman from suburban Chicago wanted to hire on with a big crime-scene cleanup company. But when he was treated rudely during his interview in early 2007, he vowed to found his own company as payback. His Chicago Crime Scene Cleanup got its first job—a messy suicide in a home in Minooka, Ill.—three months later. He's been busy ever since. Today, in fact, the startup is up to nine part-time employees, drawn mostly from haz-mat teams at nearby fire departments, who scrub down everything, including foreclosed homes that have been soiled by vagrants and/or wild animals and meth labs. Says Reynolds: "If another contractor comes in and says, 'Ew,' that's where we go to work."

Reynolds, 35, and his 50/50 business partner, Michael Frakes, 36, who's also a full-time firefighter, began with $20,000 of their own for training in removal of biohazardous materials and equipment and $6,000 for marketing. They also went without pay for a spell. Reynolds projects $400,000 in revenue in 2009 and at least $700,000 in 2010. Chicago Crime Scene Cleanup's contract with the U.S. Drug Enforcement Administration in Minnesota, Wisconsin, and northern Illinois accounts for about a third of revenue. The expected bump in 2010 income stems from getting licensed to dispose of prescription medicines.

If you like unusual business stories, read how I made a fortune picking cool domain names for other people.

How to Open & Operate a Financially Successful Cleaning Service

Mopping Up Millions!: Making A Killing In Cleaning

Jump Into Janitorial: How to build a cleaning business netting over six figures a year.

The Million-Dollar Idea in Everyone: Easy New Ways to Make Money from Your Interests, Insights, and Inventions

IdeaSpotting: How to Find Your Next Great Idea

How to Make Millions with Your Ideas: An Entrepreneur's Guide by Dan S. Kennedy

Link of the day - If You Sell Links On Your Site, I Will Buy Them Off You

Thursday, October 29, 2009

Jingle Punks Success Story

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http://www.jinglepunks.com/

Back in 2005, indie rocker Jared Gutstadt landed a sweet job between tours: lead editor and composer on Chappelle's Show on cable TV's Comedy Central. Before long, his ability to quickly crank out tunes earned him the nickname "Jingle Punk Jared." The nickname stuck. So, too, did his feeling that there wasn't enough culturally relevant music available for producers trying to make their TV shows or commercials feel current. In October 2008, Gutstadt opened a stock music company out of his New York City apartment as a way for struggling bands, unsung composers, and unpublished writers to get their work on top shows on network and cable TV.

Today, Jingle Punks licenses music from a swath of musicians ranging from Chip Taylor (he wrote the 1960s hit Wild Thing) to Gutstadt himself. Gutstadt, 31, whose "musical and entrepreneurial hero" is P. Diddy, says TV network clients pay between $10,000 and $20,000 for four months of access to Jingle Punks' searchable database of 10,000 songs, but the real money is in the royalties after a show airs. He says Jingle Punks has pulled in about $220,000 since its launch, from networks such as Bravo, MTV, VH1, and A&E, and brands such as Coca-Cola , Kimberly-Clark's Huggies, and Geico. After landing a deal in late May to license music to a roster of Viacom properties, Gutstadt embarked on his first vacation since starting the company.

For more unusual ways to make money, visit this site.

The Million-Dollar Idea in Everyone: Easy New Ways to Make Money from Your Interests, Insights, and Inventions

IdeaSpotting: How to Find Your Next Great Idea

How to Make Millions with Your Ideas: An Entrepreneur's Guide by Dan S. Kennedy

101 Businesses You Can Start With Less Than One Thousand Dollars: For Stay-at-Home Moms & Dads

Make Your Ideas Mean Business

Link of the day - If You Sell Links On Your Site, I Will Buy Them Off You