Business Idea:
Buy and scale a packaging distribution business serving large retailers in the US.
Problem:
Retailers need reliable, cost-effective packaging solutions but often face limited supplier options and inefficiencies.
Solution:
Operate a well-established packaging distribution company that supplies retail bags and related products, improving delivery and service.
Target Audience:
Large US retailers and brands needing packaging solutions.
Monetization:
Revenue from selling packaging products, adding value through logistics and overseas sourcing.
Unique Selling Proposition (USP):
Deeply established with long-term clients, superior service, and better sourcing ability than competitors.
Launch Strategy:
Identify a niche packaging distributor, verify client relationships, and acquire through SBA loan with minimal upfront capital.
Watch the full My First Million Episode on Youtube:
How my college roommate bought a $3.4M Business For $200K