Rise with the tide
If you can’t tell here at The Steel Road we love taking advantage of rising trends. We constantly are using Google Trends to understand which areas are growing in popularity. If you read every newsletter we publish you’ve seen this plenty of times.
A rising tide lifts all boats. - John F. Kennedy
The question is, do you have your boat in water that is rising?
It’s no question that the electric vehicle market is a rising tide. With the rise of Tesla and every major car manufacturer developing electric models, this industry is growing fast and changing like crazy.
EVs are pretty technical pieces of machinery, so why are we talking about them on a non-tech newsletter?
Because charging them isn’t. Specifically charging them on the go.
You see, there is a mobile charging company in Las Vegas that had a video go very viral.
We’re talking 4 million views.
All this company does is put a diesel generator in the back of a small truck like a Ford Ranger, and helps stranded electric vehicles to get enough power to get to a charging station.
Because this is such a new industry, things like SEO and local authority will be so easy to get. There’s almost no competition.
Here’s the startup cost breakdown:
$5,000 for a small truck
$2,000 for a generator
$500 for insurance and misc. fees
$7,500 total
All you have to do is charge $200 per call, mark up your fuel costs 100%, and you’ll make a killing.
If it costs you $4 per gallon of diesel fuel, and you charge $8 per gallon of fuel used, here’s your revenue breakout.
20 calls per month, 5 gallons each.
$4,000 in trip charges, $800 in revenue from fuel.
After just a couple months you can break even and make some serious profit.
After you’ve proven out the idea and gotten traction, move on to bigger and better things.
Automate tedious processes like review collections
Get your financials in order with a legit P&L
Focus on the customer, do things to make it easy for them to be in business with you
Add on additional revenue streams through business stacking
And then you are off to the races!
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