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Hospitality

How will this idea generate revenue?

Matching new consumer brands with hospitality spaces to test customer demand. Is anyone else doing this already? And how can I generate revenue from this idea?

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Joshua Cerreta

Entrepreneur from birth; diverse global experience

I think you'd have a good market if you started with hotels like Ace, etc. who want to be trendy and using local consumer brands.

There are probably several ways to monetize this.
1) Work with the hospitality companies to curate the brands that they want to represent their company. You can charge as a service provider for this.
2) Work with the consumer brands and push the products on hospitality spaces. You can charge as a marketing agency.
3) Both options above also leave room for you to monetize as an affiliate (take kick-backs for sales generated by your service). I think it was Ace that was also selling the products that they were using to guests. (ex. if you liked the soap, towels, robe, etc. you could buy them through the hotel.) You can an affiliate kick-back (probably shared with the hotel in this case) for every sale.

These are just a few thoughts, but there are a ton of possibilities and I'd have to know more details about what you are thinking to advise better.

Good Luck!

Answered over 4 years ago

Assaf Ben-David

Mentor, Entrepreneur, Lawyer, Public Speaker

Sounds like a great idea.
I would be happy to explain how to generate income over a short call.
I've successfully helped over 350 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david

Answered over 4 years ago