Loading...
Answers
MenuAbout a month ago I started a new instagram called LoveForLuxe. It's gaining a lot of attention but don't know what kind of business to make it?
So this instagram I created is particularly catered to those who love and admire luxury. For the month that I have had it has had a very good steady gain of followers. Since it has gained so much traction in the past month I've been trying to come up with new ideas to make this name and title an actual business. What are some business ideas that you think I can turn LoveForLuxe into? I've thought of luxury concierge, real estate, luxury marketing, etc... With the expertise of already accomplished business persons on this Q&A app I'd love to hear what other options I have towards a business with this name. Thanks!
Answers
I have worked in brand development for over a decade.
Have you ever thought about doing a high end concierge service? People answer questions and send pictures to have high end goods and gifts selected for them.
Give me a call! I would love to brainstorm!
Greetings!
After looking at a few pages of posts on your Instagram page, I would say there are several things you could incorporate into one business. Thinking outside the box, I would say find and establish relationships with car dealers, real estate agents, etc., as well as personal owners, and discuss rental options with them. You bring them clients (who get a certain discount) and they pay you a business service fee in return. If I want to rent a lambo in San Diego, I call you and you set up the appointment for me. This can work with cars, houses, time shares, even jewelry. Anything that can be rented can be available. It's just a matter of finding the supplying source(s).
Other ideas that come to mind are tattoos, shirts, stationary, autographed pictures, paintings, custom screen savers, mouse pads, vision/dream board creation services, private charters (yacht, airplane, etc.), and vacation package deals to name a few off the top of my head. If I were obsessed with luxury items, I would want to be surrounded by them as often as possible and/or have access to them whenever I want.
Find YOUR true passion. Think of how and where you want to spend your days. Carefully and seriously focus to imagine yourself already doing those things, then reverse engineer the steps it will take to get there and you will have a general plan of attack to start from.
I hope this helps. Take care and best of luck!
Daniel
As a former manufacturer who did a lot of work in the instagram space, here is my opinion.
You aren't quite there yet.
1500 followers in a month is awesome. Your next 1500 are likely going to be much easier, and the 1500 after that.
What you have right now is attention and there are two ways to monetize that:
1. Advertising on behalf of others
For lifestyle brands I have seen promotions for single posts go for around $100 per 100,000 followers. It could be a while before you get there and I don't think the juice is really worth the squeeze.
2. Creating your own product
You're on the right side of developing an audience before investing in a product. Way too many people sit on inventory and sunk cost doing that the other way around.
One of the problems with instagram is that it's difficult to promote offers outside of it. You have to post a link in the comments typically so it's not exactly the best landing page.
Also (this a property of monetizing any list) you don't necessarily know what your list is going to respond to and how.
Maybe you could sell a ferrari rental to 1/5000 people.
Maybe you could sell a travel package to 1/25000 people.
Maybe you could sell a premium wallet to 1/1500
If you tried to sell a travel package right now though, you could get a negative response and give up on a potentially lucrative income stream.
I would prioritize growing the instagram channel and finding inexpensive ways to test each of these markets. Let me know if you need any help on strategy for this.
Related Questions
-
What advice do you give to a 16 year old entrepreneur with a start up idea?
First, hat tip to you for being a young entrepreneur. Keep it up! If you have the funds to build out your MVP, hire a developer and possibly a mentor. If your idea is marketable, you don't need to give up equity by bringing in a co-founder. If this is your entrepreneurial venture, I would recommend you do retain a coach to help you see all the things you may not know. Have you already done your SWOT analysis? Have you identified your target market? What is your marketing plan? What will be your operating expenses? There are lots of questions to ask. If you would a free call, I'd be happy to help you in more detail. Just use this link to schedule your free call... https://clarity.fm/kevinmccarthy/FreeConsult Best regards, Kevin McCarthy Www.kevinmccarthy.comKM
-
Whats the best way to find commission sales reps?
This is not my specialty, however, I have been in your position many many times -- maybe this will help. If the product is in-tangible, then look for JV partners on the Internet. Try to find an expert that deals with these JV opportunities (like me). If the product is physical, then look for sales organizations that have networks of sales people across the country. You do the deal with the organization and the independent network of sales people sells your product. It's a sweet setup if you can negotiate a margin that works for everyone. Hope that helps - Cheers - NickNP
-
How do you make money to survive while you are building a business? What are some quick ways to make money with less time commitment?
I love this question. If you have to work on the side while building your business, I recommend doing something you absolutely hate. That keeps you hungry to succeed on your own. You'll also typically save your energy for the evenings and weekends where you'll want it for your business. Don't expect to make much money at your "other job" but you can work it to pay the bills while you build your business. This approach also forces you to build incrementally, and it keeps you frugal. This is not necessarily ideal. Having a bunch of money set aside sounds nice and luxurious, but not having the resources puts you in a position where you have to figure it out to survive. I love that. I started my business eight years ago on $150 and today we do a million a year. Don't wait until you have the resources to start safely. Dive in however you can. And avoid shortcuts. Don't waste your time scheming to make bigger money on the side. Do something honest to live on and create a business that drives value.CM
-
I have this social media idea,but no coding skills. How do I get someone to do the coding (cant afford to pay them) and not give away half of my idea?
Dilip was very kind in his response. My answer might be a bit on the "tough love" side. But that's for you to decide. My intention, just for the record, is to help you (and those like you) on your path to success. And that starts with having a viable philosophy about entrepreneurial-ism and business. And I'm going to answer this because I get asked some form / version of this question very frequently from newcomers to entrepreneurial-ism. The scenario goes something like this: "I have a great idea. It's amazing, I love it, and I just KNOW it's gonna make me a ton of money. But I have no money right now so I can't afford to (fill in the blank with things like "to build it / create it / market it / etc" or "to hire the required staff needed to work in my business to sell it / develop it / etc"). And I don't want to tell anyone about my great idea because I'm worried someone will steal it and make MY million / billion dollars. But I can't afford to legally protect it either... So how do I launch without the skills to personally create the product AND no money to hire anyone else to do that either??" The answer is ... You don't. Look - let's be honest. All you have is an idea. Big deal. Really. I'm not saying it's not a good idea. I'm not saying that if properly executed it couldn't make you a million / billion dollars... But an idea is NOT a business. Nor is it an asset. Until you do some (very important) initial work - like creating a business model, doing customer development, creating a MVP, etc - all you really have is a dream. Right now your choices are: 1. Find someone with the skills or the money to develop your idea and sell them on WHY they should invest in you. And yes, this will mean giving up either a portion of the "ownership" or of future income or equity. And the more risk they have to take - the more equity they will want (and quite frankly be entitled to). 2. Learn how to code and build it yourself. MANY entrepreneurs without financial resources are still resourceful. They develop the skills needed to create what they don't have the money to pay someone else to do. 3. Get some cash so you can pay someone to do the coding. You'll probably have to have some knowledge of coding to direct the architecture of your idea. So you will likely still have to become knowledgeable even if its not you personally doing the coding. (This is not meant to be a comprehensive list of options... And I'm sure some of the other experts here on Clarity have others to add - and I hope they do) To wrap up - Here's my final tip to you that I hope you "get"... It's FAR more valuable to have an idea that a very specific hungry crowd is clamoring for right now - One that THEY would love and pay you for right now - Maybe even one they'd pre-order because they just have to have it - Versus YOU being in love with your own idea. [Notice I didn't say "an idea that some as-of-yet-undetermined market would probably love"] I wish you the best of luck moving forward.DB
-
My startup just failed. What could I start to "immediately" generate $1,000/mo?
The quickest path to cash is almost always consulting. Be very specific about what it is you can offer. Don't just offer "business consulting". Find a niche and serve it. Reach out to your network, including friends and family and ask if they need or know of anyone who might want to hear about what your consulting has to offer. That will be way faster than trying to go at it from scratch or cold calling. If you call 100 people in your network this week, you will have a consulting gig within 3 weeks. Good luck, and let me know if you'd like advice on entering a digital marketing/lead generation consulting niche. I've grown from zero to $8,000 of monthly recurring payments in the last 40 days! DaveDR
the startups.com platform
Copyright © 2025 Startups.com. All rights reserved.