Nextdoor Neighborhood Expansion
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Lincoln runs a home services business (window cleaning, pressure washing, gutter cleaning, Christmas light installation) that made $60,000 last year as a high school senior, with projections to reach $150,000 this year.
Business Model:
- Started as a one-person operation, now has two 1099 subcontractor employees doing the field work
- Lincoln handles booking, scheduling, and customer acquisition
- Primary customer acquisition is through Nextdoor, a neighborhood social platform
- Acquired approximately 90 customers last year from March to September just from his own neighborhood
Growth Strategy:
- Expand beyond single neighborhood limitations by recruiting friends in adjacent neighborhoods
- Pay friends $100 to post his business services on their Nextdoor accounts
- Replicate the successful marketing approach that worked in his own neighborhood
- Each new neighborhood could potentially generate another $60K in revenue
Marketing Approaches:
- Nextdoor posts positioning himself as "a local high school student" offering services
- Successfully ran Nextdoor ads for Christmas light installation
- Could print 1,000 letters to distribute in neighborhoods (Sam's suggestion)
- Consider using attention-grabbing techniques like the "Gary Halpert dollar letter" approach
Scaling Potential:
- Business could potentially 3-4x in one year by expanding to multiple neighborhoods
- Sam noted that at roughly $300K in business owner earnings, the business could be valued at $1 million
- "Pond business" concept - what works in one neighborhood will likely work in thousands of similar neighborhoods
06:47 - 08:03
Full video: 01:08:16SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.