Hey guys,
just had an idea. I know that the kind of services I want to provide are provided in the market yet. So market testing is not necessary.
It’s about drones. I’m from Germany and here drones are used for tasks surrounding work environments, or public tasks.
-Farming sector uses drones for pest control
-Public institutions use it for control of their higher buildings or avalanche protection (avalanche protection walls in the summer, snow situation during winter)
-corporations use it to make “virtual reality” pictures of their strip mines or inspection of masts and wind turbines
-private customs want to have pictures of themselves in different occasions
-heat images of different buildings
-wire shifting is done with the help of drones
So the application fields are broad.
The licensing process is a bit more difficult:
- You need something like an approval that you are able to fly a drone (physically(eyes, health in general), and practically). You have to pass a little practical exam. I’ve read that it’s not that hard. You have to show that you can fly without trouble. Not comparable to a drivers license!
- You need an insurance (120$ / year with an insurance sum of 5 Million $)
- You need a permission to take off for every separate state what costs 200 bucks averaged over 16 states. It’s valid 2 years.
- You are not allowed to fly over military terrain, public events (without permission or order) and you have to respect image copyrights of individuals.
But it’s not just the service of flying a drone that is interesting me. It’s the whole service with picture and film editing and drone developing.
So far so good we’re are in the slowlane: Exploding intrinsic value through higher salaries. Ok, ok.
And from this point, there are two opportunities that I would like to discuss with you:
A) I could purchase a professional drone for 20 grand, with all equipment needed, a good camera and so on and so on. Prices realized are 1000-2000k/day (If you fly for big corporations or mining companies it tends to be the latter), so the investment would redeem fast. (If I’m able to acquire customers). Hourly rates start at 250 bucks.
B) I would dive into drone development on a frame of milled aluminium, fiberglass and so on and so forth. But it would take longer for me to make money with the service. (in europe there are several small firms that develop drones already. Research showed that)
Point A pros: faster “freedom”, but with big upfront cost. (also potential fastlane if I’m able to acquire bigger market shares with more staff that flys)
Downside A: 20k lost.
Point B pros: definitely product development and a potential fastlane (but strong and big competition)
Downside B: No initial income
Seen of the CENTS commandments I would say:
Need is there, market approved
(don’t know what happens if big logistic firms players like google enter the market)
Entry
(I think in both cases process for the development of a service (A) or a product (B) or both is needed. Entry barrier is of a midsized height I would guess because of upfront investment and/or development skills. I’m mechanical engineer… Would know the direction to start.)
Control
(If I develop myself, Control is fully there. The laws are the part I’m concerned about. I think that they will get looser rather than tighter in respect of drone flights)
Time … You can’t cut your own time from the business. Or I don’t see the possibility maybe you do?
Scalable. I would say that this is scalable. In both cases. Scalable in number of employees or scalable in sales or both.
My questions to you are:
X) What do you think about the development of future laws on unmanned flight systems? Will they get tighter?
Y) Do I have a big thinking error somewhere?
Z) As long as classic product development is possible and can be fastlane… I know this. But do you think that A) before B) or B) before A)? I’m not completely sure because 20k is a big investment.
Z1) Do big corporations tend to do it themselves in the future or do they hire somebody? In other words: How would you anticipate the market?
I know that the answers to these questions cannot be made under certainty, because unmanned aerial systems is a whole new field of technical development. I would appreciate to hear your opinions on this. Maybe that sparks some new ideas for others… who knows.
I hope a useful discussion on this “new” technology evolves.
just had an idea. I know that the kind of services I want to provide are provided in the market yet. So market testing is not necessary.
It’s about drones. I’m from Germany and here drones are used for tasks surrounding work environments, or public tasks.
-Farming sector uses drones for pest control
-Public institutions use it for control of their higher buildings or avalanche protection (avalanche protection walls in the summer, snow situation during winter)
-corporations use it to make “virtual reality” pictures of their strip mines or inspection of masts and wind turbines
-private customs want to have pictures of themselves in different occasions
-heat images of different buildings
-wire shifting is done with the help of drones
So the application fields are broad.
The licensing process is a bit more difficult:
- You need something like an approval that you are able to fly a drone (physically(eyes, health in general), and practically). You have to pass a little practical exam. I’ve read that it’s not that hard. You have to show that you can fly without trouble. Not comparable to a drivers license!
- You need an insurance (120$ / year with an insurance sum of 5 Million $)
- You need a permission to take off for every separate state what costs 200 bucks averaged over 16 states. It’s valid 2 years.
- You are not allowed to fly over military terrain, public events (without permission or order) and you have to respect image copyrights of individuals.
But it’s not just the service of flying a drone that is interesting me. It’s the whole service with picture and film editing and drone developing.
So far so good we’re are in the slowlane: Exploding intrinsic value through higher salaries. Ok, ok.
And from this point, there are two opportunities that I would like to discuss with you:
A) I could purchase a professional drone for 20 grand, with all equipment needed, a good camera and so on and so on. Prices realized are 1000-2000k/day (If you fly for big corporations or mining companies it tends to be the latter), so the investment would redeem fast. (If I’m able to acquire customers). Hourly rates start at 250 bucks.
B) I would dive into drone development on a frame of milled aluminium, fiberglass and so on and so forth. But it would take longer for me to make money with the service. (in europe there are several small firms that develop drones already. Research showed that)
Point A pros: faster “freedom”, but with big upfront cost. (also potential fastlane if I’m able to acquire bigger market shares with more staff that flys)
Downside A: 20k lost.
Point B pros: definitely product development and a potential fastlane (but strong and big competition)
Downside B: No initial income
Seen of the CENTS commandments I would say:
Need is there, market approved
(don’t know what happens if big logistic firms players like google enter the market)
Entry
(I think in both cases process for the development of a service (A) or a product (B) or both is needed. Entry barrier is of a midsized height I would guess because of upfront investment and/or development skills. I’m mechanical engineer… Would know the direction to start.)
Control
(If I develop myself, Control is fully there. The laws are the part I’m concerned about. I think that they will get looser rather than tighter in respect of drone flights)
Time … You can’t cut your own time from the business. Or I don’t see the possibility maybe you do?
Scalable. I would say that this is scalable. In both cases. Scalable in number of employees or scalable in sales or both.
My questions to you are:
X) What do you think about the development of future laws on unmanned flight systems? Will they get tighter?
Y) Do I have a big thinking error somewhere?
Z) As long as classic product development is possible and can be fastlane… I know this. But do you think that A) before B) or B) before A)? I’m not completely sure because 20k is a big investment.
Z1) Do big corporations tend to do it themselves in the future or do they hire somebody? In other words: How would you anticipate the market?
I know that the answers to these questions cannot be made under certainty, because unmanned aerial systems is a whole new field of technical development. I would appreciate to hear your opinions on this. Maybe that sparks some new ideas for others… who knows.
I hope a useful discussion on this “new” technology evolves.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
Zuas uqopoupt esi eqqsidoevif nadj!
