Knowledge Marketplace
My First Million

My First Million

The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.

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Business Idea

For: Teenagers and young adults who want to publicly rank their closest friends

Buildability

The Problem

People want to signal their closest relationships publicly and be validated by inclusion in others' inner circles, but current platforms don't provide explicit ranking mechanisms.

The Solution

App where users select their 9 closest contacts, publish as shareable content to social media, automatically notifies selected people who then download to see who chose them and create their own rankings.

Why Now?

Social media fatigue with algorithmic feeds creates demand for authentic relationship signaling. Nostaglia for MySpace Top 8 among young adults. TikTok/Instagram provide distribution for ranked list content.

Build MVP in 7 Days

Day 1

Simple contact selection interface

Day 2

Basic ranking graphics generator

Day 3

SMS notification system

Day 4

Social media sharing functionality

Day 5

User onboarding flow

How to Validate

Test conversion rate from SMS notification to signup
Measure sharing rate of ranking graphics
Track viral coefficient from initial user cohort
Survey users about willingness to pay for premium features

Revenue Model

Freemium with premium features like ranking analytics, historical rankings, private rankings, custom graphics themes

Competitive Moat

Network effects - value increases with friend adoption. First-mover advantage in explicit social ranking. Viral mechanics create acquisition cost advantage.

Risks to Consider

Social backlash over public ranking causing hurt feelingsPlatform policy violations on major social networksPrivacy concerns with contact accessDifficult to monetize if users only engage brieflyCompetition from established social platforms adding ranking features