guitmg
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Hi there! I've decided to start this thread to motivate me to complete the tasks I need to start this business and also to get feedback from this great community.
I'm a 25 years old lawyer in Brazil, but I hate what I do. Being a lawyer in Brazil is not as glamorous as in the US.
Anyway, about the business: In Brazil (and I'd really like to know how does it work in other countries), in order to work for the government you have to pass a test that, for the high paying jobs, is really really difficult. So if anyone wants to be a judge, a public attorney, a prossecutor and things like that, they usually study for years and years until they are able to pass the tests.
The thing is that everyone wants to get the public job down here. Specially if you have a law degree (witch is really easy to get in Brazil), I'd say that 95% of the parents will encourage their children to study for these public tests. The salary is good (something around 25k/month in our money witch is about $7k) remembering we are in a third world country, but the best thing about a public job is that, once you are in, it is almost impossible to be fired. So you pass the test, you make good money, you don't really have to work hard since no one can fire you only because you are lazy, and when you retire the government will pay you the same salary you used to make when you were working. Good enough for most Brazilians.
So, as I said, people usually study long hours a day for years until they finally pass the test and get the job. Most of the people study at home. Some take online or physical preparation courses and also do a lot of reading and exercises. Many don't work and live by their parents while studying.
The thing is many people doesn't like to study at home. They always get distracted by stuff, their parents call them all the time and things like that. Public libraries are not a thing down here. They are old, noisy, don't have wifi etc. People just don't study on libraries on a regular basis.
So a I was talking to a friend of mine who is studying and she said she was renting a space to study. She said it was the only one she knew here in my city and there were no more available spaces do be rented.
The place looks like this:
You go there and rent one box. Every box has illumination, power supply and the place has good wifi and air conditioning.
The business: rent a big empty room and put those boxes there and rent to people who study for public tests. I will charge them by turns (morning, afternoon and night). They can rent for one turn or all of them. The place will be open from 7am to 22pm 7 days a week.
Other ways for monetizing: I need help on this. The place will have a separated space where people can eat and rest a bit. So I'm thinking about selling food there too. Maybe get a vending machine, idk. The thing is I want it to be as passive as possible and keeping the costs low. Because of that, I wont have any employees. Another thing I've thought about was to have a copy machine there because the students take copies of books and stuff. I'd have a machine where I could set a password for each one of them and they use the machine by themselves and i'll charge them every week. Any other ideias of how to extract more money out of it?
Next steps: I'm finishing a web dev course on udemy. I know a bit about html, css and wordpress. My plan is to finish the site and start advertising on facebook. I want to build an e-mail list even before actually starting to rent the place and buy the stuff. I plan to offer 50% off the first three months for people who opt-in. The thing is I wanna test de audience first but I really really think there is a huge market for it in my city. I live in a big city, around 3 million people. A quick search on facebook audience insights give me an audience of 150k people. All I need is to get 50 people to rent the boxes and it's a good start. As i said, the other place that existis is already out of boxes to rent. So there is demand.
I know this may not be a fastlane business, but it is something that can make me money and give me the free time to work on something that's really going to make me rich. As I said before, after I open the business and get the clients, it's gonna be almost passive income.
Well, i think that's enough for a start. I'll keep updating this thread and I'd really appreciate your ideias about the business.
I'm a 25 years old lawyer in Brazil, but I hate what I do. Being a lawyer in Brazil is not as glamorous as in the US.
Anyway, about the business: In Brazil (and I'd really like to know how does it work in other countries), in order to work for the government you have to pass a test that, for the high paying jobs, is really really difficult. So if anyone wants to be a judge, a public attorney, a prossecutor and things like that, they usually study for years and years until they are able to pass the tests.
The thing is that everyone wants to get the public job down here. Specially if you have a law degree (witch is really easy to get in Brazil), I'd say that 95% of the parents will encourage their children to study for these public tests. The salary is good (something around 25k/month in our money witch is about $7k) remembering we are in a third world country, but the best thing about a public job is that, once you are in, it is almost impossible to be fired. So you pass the test, you make good money, you don't really have to work hard since no one can fire you only because you are lazy, and when you retire the government will pay you the same salary you used to make when you were working. Good enough for most Brazilians.
So, as I said, people usually study long hours a day for years until they finally pass the test and get the job. Most of the people study at home. Some take online or physical preparation courses and also do a lot of reading and exercises. Many don't work and live by their parents while studying.
The thing is many people doesn't like to study at home. They always get distracted by stuff, their parents call them all the time and things like that. Public libraries are not a thing down here. They are old, noisy, don't have wifi etc. People just don't study on libraries on a regular basis.
So a I was talking to a friend of mine who is studying and she said she was renting a space to study. She said it was the only one she knew here in my city and there were no more available spaces do be rented.
The place looks like this:
You go there and rent one box. Every box has illumination, power supply and the place has good wifi and air conditioning.
The business: rent a big empty room and put those boxes there and rent to people who study for public tests. I will charge them by turns (morning, afternoon and night). They can rent for one turn or all of them. The place will be open from 7am to 22pm 7 days a week.
Other ways for monetizing: I need help on this. The place will have a separated space where people can eat and rest a bit. So I'm thinking about selling food there too. Maybe get a vending machine, idk. The thing is I want it to be as passive as possible and keeping the costs low. Because of that, I wont have any employees. Another thing I've thought about was to have a copy machine there because the students take copies of books and stuff. I'd have a machine where I could set a password for each one of them and they use the machine by themselves and i'll charge them every week. Any other ideias of how to extract more money out of it?
Next steps: I'm finishing a web dev course on udemy. I know a bit about html, css and wordpress. My plan is to finish the site and start advertising on facebook. I want to build an e-mail list even before actually starting to rent the place and buy the stuff. I plan to offer 50% off the first three months for people who opt-in. The thing is I wanna test de audience first but I really really think there is a huge market for it in my city. I live in a big city, around 3 million people. A quick search on facebook audience insights give me an audience of 150k people. All I need is to get 50 people to rent the boxes and it's a good start. As i said, the other place that existis is already out of boxes to rent. So there is demand.
I know this may not be a fastlane business, but it is something that can make me money and give me the free time to work on something that's really going to make me rich. As I said before, after I open the business and get the clients, it's gonna be almost passive income.
Well, i think that's enough for a start. I'll keep updating this thread and I'd really appreciate your ideias about the business.
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