Looking for a million dollar startup idea?
Here you go:
Trendy Mask Company!
In April 2020 alone, Etsy sold more than 12 million face masks worth over ~$150 million.
Recently, Fanatics came up with a brilliant idea to sell sports franchise based face masks worth $25 each!
In the worst case scenario, it may cost $5 to manufacture one of these masks. That translates into a whopping 80% operating margin! Sand Hill Road veterans would fall in love for a business with such margins.
I wouldn’t be surprised if Louis Vuitton or Gucci soon come up with $300 face masks.
Who’s joining me at Shark Tank?
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