Brainstorming +$1M Weird Business Ideas With Morning Brew’s CEO (#543)

Bingo Nightlife

The concept of blending bingo with nightlife is gaining traction as a lucrative business model. Austin Rief highlights the success of Bingo Loco, which combines elements of a rave with traditional bingo, creating an engaging experience with music, confetti, and dance-offs 1. This innovative approach attracts a diverse audience, transforming bingo into a vibrant social event rather than a game for the elderly or cruise-goers 2. Sam Parr notes the potential for high margins, as the costs are relatively low compared to the revenue generated from ticket sales and bar purchases 3.

   

Binge Eating

Binge-eating contests present a novel way to boost bar revenue by drawing in crowds eager for entertainment and competition. Austin Rief envisions these events as a fusion of sports and binge-eating, where participants compete in eating challenges while their friends cheer them on, creating a lively atmosphere 4. The concept is akin to a sports event, with the added excitement of gambling, making it a perfect fit for venues looking to attract a younger, energetic crowd. Sam Parr suggests incorporating gambling elements to enhance the thrill and engagement of these events 4.

   

Meat Smoking

The meat smoking industry offers untapped potential for innovation and growth, particularly through influencer partnerships. Sam Parr and Shaan Puri discuss the idea of creating a brand similar to Traeger, leveraging the popularity of meat smoking influencers to market high-end smokers and accessories 5. By collaborating with these influencers, a new brand could capitalize on their established audiences and expand into related markets like beef jerky 6. Austin Rief emphasizes the opportunity to build a multi-billion dollar brand by focusing on niche markets and innovative distribution strategies 6.