College Vanity Plates
This is a sponsored review:
College Startup is all about preparing college students to identify good business opportunities that can be executed from your dorm room. One strategy that we’ll recommend over and over is to identify and sell products that appeal to a certain demographic or subsection of society. Doing this sometimes requires looking at your own interests or the interests of your friends.
For example, if you’re in a sorority or fraternity, you’re probably proud to be a member. So what better way to show your Greek pride than with a customized license plate or frame with your Greek letters? Sounds like a great online business idea, no? Well, it’s an idea that’s already be executed by a company called GreekForMe.
GreekForMe has a wide selection of bold and colorful plates with practically every national Greek organization represented. Plates are available at $19.99 and frames cost $11.99. While we feel that the prices are a bit steep and would certainly like to see the option of choosing any combination of Greek Letters and colors/designs, we are impressed by the large number of products that GreekForMe makes available out of the box. In addition, one of the things we like best about GreekForMe is that they arrange fundraising opportunities for sororities and fraternities using their products.
All in all, we think that the GreekForMe license plates provide a great example of a niche product with a natural customer base.
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