Very simple idea – scan people’s analog photos for profit.
- Scan photos
Seriously though, this is a low fixed cost mostly variable cost business, easy to start and play with, and no-one has taken this to a nationwide level, partnering with firms with reputable brands. Today the public does not know where to go to get this done, does not know how much it should cost, and does not know who to trust with their precious images.
I have researched this area quite a bit, DigMyPics has been doing this for two years, currently scanning 170,000 photos a month at approximately $0.25 per photo. Not huge money, but not insignificant. And certainly not capturing the market.
Update – a few VC’s backed a few companies doing this last year… guess I predicted that one!