Transcript
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This place is a country club for your dog, and it brings in 2.8 million bucks a year. But that's not even the crazy part. This business is so successful, they're opening a second location. And that's a drop in the bucket for this $140 billion industry. Yes, that's how much Americans spend on their pets every year. Pay attention here, because I'm going to lay out a money making masterclass. I'll share four lessons. Every business builder needs to know whether you're making $100,000 or $100,000,000 or if you're starting from zero. The first lesson save you years of burning cash. And the second lesson will guarantee you customers on day one. My name is John Davids. I'm the founder of influicity, where we help clients like these make a lot more money. And I'm giving you all this info for no money so you can make more money too.
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You're listening to Making it with John Davids.
A (0:56)
So let's rewind to 2021. These two guys, Alex and Liam, have a problem. They can't find a nice park in their neighborhood, and they really need a spot to take their dogs to play. So they decide to make one for themselves. But they want to take it a step further. Our boys aren't just going to settle for a dog park. They're thinking more of a private dog club. So they find an abandoned parking lot in Santa Monica where they live. They roll down some turf, they throw up a fence. They put in a few tents for shade. Just enough to keep the dogs in and the neighbors out. And next, they start promoting this place by posting online local Facebook groups, members only. Dog park. Clean, safe, private. Within a few weeks, they've got a wait list. And this part is really important. I'm gonna come back to it in a few minutes. So in November 2021, Alex and Liam opened for business. Their private dog club is called Dog People. D O G P P L. And the dogs come running a dog park. You know, it might sound like a simple business or kind of a crummy business, but this thing actually is money machine. Dog people sells single dog memberships for 120 bucks a month. And if you got two dogs or three dogs, you'll pay even more. Today they've got something like 2,000 members at that Santa Monica location. So even if everyone has the basic package, we're looking at about $240,000 a month from a parking lot. They're building a second spot right now in Brooklyn. It's going to be on a rooftop and number two is going to have a full kitchen, craft cocktails, a dj. I'm pretty sure they'll have some stu for dogs too. But if Brooklyn works, these things might be popping up everywhere. Dog People is kind of like Soho House but with chew toys. And it's actually more popular than you might think. Search up Private Dog Club in Google Trends. This category is exploding, and that's something you gotta pay attention to. You need to build your business in a growing market. You can be a great operator with a great product and a great team. But when it's a great business builder versus a crappy market, A my money is on the crappy market because the market always wins. Always. Imagine someone says, hey, I want to build the next great newspaper company. You don't need to hear the rest of that pitch. It doesn't really matter how good they are. Newspapers are a bad market today. That industry is shrinking. And if you're going to put years of your life into something, anything, you want to do it in a market that has momentum, where the winds are at your back, not blowing in your face.
