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- đ¤Ż[MSN] A 9-Figure Idea That Doesnât Exist
đ¤Ż[MSN] A 9-Figure Idea That Doesnât Exist
It's gonna blow your mind.
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Welcome to another issue of Millionaire Syrup!
Attention is currency.
In todayâs world, where millions of creators and influencers dominate social media, the value of an audience is undeniable.
Entire businesses are built on the backs of followingsâwhether itâs a YouTuber monetizing through ads, an Instagram influencer landing brand deals, or a newsletter creator earning from sponsorships.
But hereâs the problem: influencers donât actually own their audiences. Theyâre renting space on platforms they canât control. Accounts can be hacked, banned, or shut down overnightâleaving creators with nothing but a warning email.
So weâve got an idea for you that can easily turn into a 9-figure business.
Today:
𤯠A 9-Figure Idea That Doesnât Exist
đĄ The Big Idea
đ Why This Would Work
đ ď¸ How It Would Work
đ How to Get Started
đľ How Much You Can Earn
đ High-Investment, High-Reward Opportunities
𤯠A 9-Figure Idea That Doesnât Exist
đĄ The Big Idea
Social Media Insurance.
The concept is simple: offer a subscription-based insurance service to influencers, creators, and anyone who relies on social media platforms to generate income.
If they lose access to their accountâwhether due to hacking, bans, or platform shutdownsâyou step in to help.
This could mean working directly with platform representatives to restore their accounts or, in the worst-case scenario, offering a cash payout based on the size and engagement of their audience.
đ Why This Would Work
High Demand from Creators:
Influencers depend on their platforms for income. Losing an account means losing brand deals, sponsorships, ad revenue, and more. Many would gladly pay a monthly fee for peace of mind.The Rise of Platform Risk:
Censorship and Bans: Platforms regularly ban accounts for violating terms, sometimes unfairly.
Hacks: High-profile hacks are common, with hackers demanding ransom or selling accounts.
Platform Shutdowns: Remember Vine? TikTok might get banned on January 19th. No platform is immune to disappearing.
Precedent in Other Industries:
Insurance is already a massive industry, covering everything from homes to health to cars. Social media insurance follows the same logicâprotecting valuable assets.
đđ ď¸ How It Would Work
Subscription Model:
Creators pay a monthly or annual fee based on the size of their audience and platforms theyâre active on. For example:10,000â50,000 followers: $50/month
50,000â100,000 followers: $100/month
100,000+ followers: Custom pricing
Account Recovery Services:
Partner with legal experts đ§ââď¸ and platform representatives đ¨âđť who specialize in account recovery. If an influencer loses access to their account, your team steps in to negotiate and restore it.
Cash Payouts:
If the account canât be recovered after a set period (e.g., 30 days), the creator receives a cash payout. The payout could be based on:
â¤ď¸ Engagement rate (likes, comments, shares).
đľ Historical revenue from the account.
đ Size of the following.
Additional Perks:
Access to cybersecurity experts to prevent hacks.
Exclusive resources on how to stay compliant with platform rules.
Partnership opportunities with affiliate brands that cater to influencers.
đ How to Get Started
Research the Market:
Look into existing influencer services (e.g., agencies, management companies) to understand their pain points. Talk to creators directly to gauge interest.Build a Network of Experts:
Cybersecurity Specialists: They can help prevent hacks and offer protection services.
Platform Consultants: People with insider knowledge of how platforms like Instagram, YouTube, and TikTok handle account issues.
Insurance Professionals: Partner with those who understand the legalities of payouts and claims.
Develop a Pricing Model:
Your pricing needs to be attractive yet profitable. Offer tiered plans based on the creatorâs audience size, engagement rate, and platform risk level.Create a Strong Brand:
Influencers value trust. Your brand needs to convey authority, reliability, and empathy. Think sleek design, clear communication, and a bold promise to protect their livelihood.
Look, we created a sample one for you!(and the name is not trademarked on USPTO 𫢠- just see for yourself)
Launch and Market Aggressively:
Use social media itself to market your product. Partner with micro-influencers to promote your service, offer early adopters a discount, and emphasize how your service can be the difference between going broke and staying in business.
đľ How Much You Can Earn
Letâs do some quick math:
Assume you charge $100/month on average.
If you sign up 10,000 influencers, thatâs $1 million per month in revenue.
Scale that to 100,000 influencers, and youâre looking at $10 million per monthâor $120 million annually.
Add in upsells like premium recovery services, cybersecurity audits, and affiliate partnerships, and this could easily become a 9-figure business.
FUN FACT
THE VALUE OF ATTENTION
Did you know that Kylie Jenner makes $1.8 million per sponsored post on Instagram? Thatâs the power of attention. Losing an account with millions of followers isnât just inconvenientâitâs catastrophic for business.
đ High-Investment, High-Reward Opportunities
Starting a social media insurance company will require upfront capital, but the potential payoff is enormous.
Hereâs where your initial investment will go:
Building a Team: Legal experts, cybersecurity specialists, platform consultants, and customer support.
Technology: A robust platform for managing claims, subscriptions, and payouts.
Marketing: Partnering with influencers, running ads, and building brand awareness.
*P.S. You can always pitch this to investors to get that upfront capital. Just make sure itâs not anyone in politics lol. Politics and insurance these daysâŚugh
Gotta make this idea happenâŚ
Because if you donât someone else will. And then youâre gonna think back to this newsletter and think
â shouldâve listened to the Millionaire Syrup Team.
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