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💡 Start Your Own Outlet Upgrade Business!

Capitalize on the digital age by offering modern, USB-equipped outlets.

As the world becomes more connected and our reliance on electronic devices grows, the demand for convenient charging solutions in public and commercial spaces is skyrocketing.

Tonights OddNight idea leverages this trend by offering a service to upgrade traditional electrical outlets to modern, USB-enabled ones in schools, offices, and more.

Here’s what we got for you today:
🔌 Powering Up Profits
💰 The story of the richest man in history
📈 Samsung earnings increase by 15x

Today’s Drop 💼

🔌 Outlet Upgrades

🍿 The Big Picture:

The global USB wall socket market is experiencing robust growth, fuelled by the increasing integration of smart devices into everyday life.

Businesses and educational institutions are recognizing the need for more accessible charging solutions, not just for convenience but also to enhance productivity and visitor satisfaction.

🛠 The Idea:

Start an outlet upgrade service that focuses on retrofitting existing electrical systems with modern, efficient USB and USB-C equipped outlets.

This service caters to schools, offices, and other public spaces, helping them keep up with technological advancements and energy efficiency standards.

Getting Started:

Research and Planning:
Understand the latest in outlet technology, including smart outlets that offer energy-saving features. Learn about local electrical codes and standards.

Sourcing Suppliers:
Find reliable suppliers for modern, high-quality USB and USB-C outlets. Consider bulk purchasing to reduce costs.

Marketing and Sales: 
Target facility managers of schools, offices, and other institutions through direct outreach and digital marketing.

Installation Services:
 Offer professional installation services. Ensure that all technicians are certified and trained to handle electrical installations safely.

Follow-Up Services:
Provide maintenance and warranty services to create long-term customer relationships and recurring revenue.

🔥 Is the Market Hot?

With the proliferation of smartphones, tablets, and other USB-powered devices, traditional outlets often fall short of meeting the needs of users.

The global electric plugs and sockets market size was estimated at $12 billion in 2022 and is expected to hit around $20.59 billion by 2032

🍞 Revenue Potential:

Charging for outlet upgrades can vary based on the type of outlet installed and the complexity of the installation.

On average, you could charge $50 to $100 per outlet, including labor.

For larger projects, such as upgrading an entire school or office building, total fees could run into the thousands, making this a highly lucrative venture.

🎯 Conclusion:

Upgrading to USB-enabled outlets is more than just a convenience; it's a necessity in today’s tech-driven world.

This side hustle offers a perfect blend of technical challenge and significant financial reward, tapping into a market that’s only expected to grow as more devices adopt USB charging.

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Odd Notes🕵️‍♂️

Snippets from the shadows

  • Samsung estimates Q2 earnings to increase by 15x to $7.5 billion.

  • After OpenAI was hacked last year, fears have been raised about safety of data.

That wraps up today's business, we'll meet again on the next odd night with more inside news from the family.

Have a business idea that we could feature? Hit reply and share the 411. If we ride with your plan, you'll see your name in the credits. That a deal?

Disclaimer: This newsletter is educational, not financial advice. Exercise caution and conduct personal research before making investment decisions.