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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Build profitable businesses by structuring public government data into useful consumer tools

Entrepreneurs looking for defensible business ideas, developers comfortable with data processing, anyone seeking government data arbitrage opportunities

6-18 months to launch, 2-5 years to build defensibility

What Success Looks Like

A profitable business generating millions in revenue by making public data accessible and useful to specific customer segments, with strong brand recognition and customer loyalty despite low structural barriers

Steps to Execute

1

Identify a personal frustration with finding information that should be publicly available

2

Research what government databases contain relevant data

3

Map data access methods (APIs, FOIA requests, bulk downloads, web scraping)

4

Build data processing pipeline to clean and structure raw government data

5

Create user-friendly interface that solves specific customer problems

6

Add value through search, filtering, analytics, or visualization features

7

Build brand recognition through content marketing and customer service

8

Layer on network effects like reviews, ratings, or user-generated content

Checklist

Data is truly public and legally accessible
Government has no incentive to make data user-friendly
Clear customer pain point exists around accessing this information
Data updates regularly enough to maintain value
Can build distribution and brand faster than competitors

Inputs Needed

  • Technical skills for data processing and web development
  • Understanding of relevant government data sources
  • Customer development skills to validate demand
  • Marketing budget for initial customer acquisition

Outputs

  • Structured database of previously hard-to-access public information
  • Web interface or API for customers to access data
  • Customer base willing to pay for convenience and structure

Example

Import Genius takes public shipping manifest data that's available but hard to access, structures it into a searchable database, and sells subscriptions to businesses wanting to research suppliers and competitors. Revenue comes from making public information convenient and searchable.