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Logo design credit goes to: tubbadu
During a pandemic, sell toilet paper.
There was a whole week during lockdowns where I had to just use the shower after taking a shit because everyone was completely out of toilet paper due to panic buying and hoarding. It's one of the many reasons I have a bidet now.
It's always GPUs. Crypto boom? GPUs. AI boom? GPUs. PC gaming boom? GPUs. GPUs are so difficult to program effectively that we still probably haven't discovered things they're capable of doing yet. The next major breakthrough in tech, whatever it is, will cause a massive explosion in GPU demand.
There was a company started recently to leverage AI and its trends prediction to stage what people need where they need it. Floods? Gyprock. Weather coming into California? Tents and bottled water near the school fields.
It predicts conflict by recommending first aid supplies staged near a border.
Absolutely mercenary, it opens its sales windows only when 'surge' pricing is allowable. You're gonna be paying 3, 4 times the regular drywall cost.
Definitely all those Udemy / Coursera / Whatever paid courses for "Data Science", "AI" and whatever else is popular recently.
When a housing crash is imminent, it's the self storage businesses that thrive.
And it’s probably worth noting that self storage businesses have been thriving for the past two years.
When in Vegas sell light bulbs.
My friend failed at becoming an actor in LA so he started doing prospective actors’ photo shoots
That's actually pretty clever. Especially considering that he tried that avenue for himself and therefore knows what any hopefuls would need. Any idea how he's doing? Is it portraits only, or does he offer additional stuff such as sample tapes?
I believe he expanded beyond headshots and photo shoots and at one point he was even doing sound production for a rapper’s video. Basically wherever he has opportunity to have his career be providing what those still trying to make it big needed
When investors are pouring money into tech startups with dubious models, start a bank that connects startups with investors.
Ie Mercury Bank making money hand over fist
During/after natural disaster, buy cheap land. Probably works during an economic crash too.
Protests & Riots happening? Invest in glass companies
Cloudy & rainy every day? Sell coffee (looking at you PNW)
War happening? Just sell bombs! (see USA) This one is particular good cause you can always start another war. It's just smart business!
That's all just regular supply and demand. Doesn't fit the saying.
Gold Rush = high demand = invest in (aka buy) shovels
Same thing, no?
No.
Gold rush = a bunch of fools getting hyped up on the latest thing thinking they'll get rich, but almost none of them will.
Selling shovels = not chasing the latest hype, but making money off the fools who chase the latest hype.
I'm not offering an opinion or interpretation of the phrase btw, that's the actual definition.
Whenever I played Roller Coaster Tycoon I would jack up the price of umbrellas right before it rained.
Free soda stands. Pay toilets. No exit.
Ah the Hotel Crapifornia
When there's an umbrella-rush, sell rain.
And here I was focusing on making money from the rides like some plebian smoothbrain. Also giving away the maps for free, because my guests always complained about getting lost in my labyrinth of a park with as many rides as I could fit, to the point of basically having four floors/levels in the park.
