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How to monetize longevity
Eric from ExplodingIdeas
June 25, 2023
how to monetize longevity
Happy Sunday,
This week we'll delve into how you can capitalize on the rising trend of body optimization and longevity. As people seek to improve their health and lifespan using data-driven approaches, novel and promising opportunities are beginning to arise for those who step in as pioneers and thought leaders.
We've identified some ideas for you to capitalize on, we think you’ll enjoy the rich potential they hold.
Now let’s get into it…
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Exploding Niche: Body Optimization
Red Light Therapy has been rising in popularity thanks to mentions by influential online figures like Alex Becker and Joe Rogan.
It's part of a broader trend toward body optimization, anti-aging, and longevity that's becoming more prominent due to advances in technology and shifts in behavior.
The tech entrepreneur Bryan Johnson, founder of Braintree (which acquired Venmo and was later sold to Paypal), is at the forefront of this trend. Johnson invests heavily in his health and longevity, spending millions annually on various therapies and protocols.
For context, he spends more on his health research per year than basketball star, Lebron James.
Bryan open sources all of his health data and findings online for anyone to access and benefit from.
Bryan refers to himself as a "rejuvenation athlete", a term used for individuals who seek to optimize their bodies and reverse aging based on data-driven results.
Johnson advocates for a system called The Blueprint, which is centered on the idea that our nutritional decisions should be data-driven, dictated by what our bodies need, rather than our conscious desires.
The Blueprint suggests that our minds and bodies are currently out of sync, and we should leverage technology to bridge this gap.
Johnson's philosophy is gaining traction online, creating a cult-like following.
His followers, known as rejuvenation athletes, are part of a larger movement focused on data-driven health optimization. They believe that AI advancements will simplify this process in the future, making it available to anyone interested in improving their health.
This trend, while still on the fringes, is just beginning and is being propelled by advances in technology that allow for real-time health monitoring.
With a global increase in awareness about health and wellness, there's a booming trend toward healthier alternatives and proactive measures to prevent lifestyle diseases.
The convergence of health interest, technology, and AI advancements presents a significant business opportunity (we’ll outline it in detail on Tuesday).
Some of the opportunities include starting a newsletter discussing body optimization, developing health tracking devices or building AI software for health data.
You could also create health-focused food products based on The Blueprint, or establish a subscription service for personalized supplement packs. As this movement grows, these business ventures could provide a lucrative pathway to capitalizing on this emerging trend.
More strategic detail on this coming Tuesday…
Name: FitByte
Industry: HealthTech/Digital Wellness
Problem: Many people are interested in optimizing their health and longevity, but there is a significant knowledge gap in understanding and interpreting health data to make data-driven decisions. Furthermore, existing platforms may lack personalization and be challenging for non-tech-savvy individuals to use.
Solution: FitByte is a personalized, user-friendly mobile app that utilizes GPT-4 API to interpret health data and provide customized recommendations for nutrition, exercise, sleep, and other lifestyle choices. Users can input their health data manually or sync with their existing health-tracking devices. GPT-4 API's conversational capabilities will allow users to ask questions and get immediate responses, enabling them to make informed decisions about their health.
Competitive Advantage: The power of FitByte lies in the intersection of personalization, ease-of-use, and AI-powered guidance. While many platforms provide health data analytics, FitByte takes it a step further with GPT-4's AI capabilities, providing immediate, personalized responses and recommendations, akin to having a digital health coach. Furthermore, the app will be designed with simplicity and user-friendliness in mind, making health optimization accessible to everyone, not just tech-savvy individuals.
Monetization: FitByte will operate on a freemium model. Basic features such as data tracking and general recommendations will be free. Premium subscription, however, will provide more detailed analysis, custom-tailored recommendations, and priority access to new features. As the user base grows, partnerships can be established with health and wellness brands for targeted advertising.
Viral Social Media Strategy: FitByte will adopt an education-based social media strategy, sharing valuable content on health, wellness, and body optimization. Short, engaging videos and infographics explaining complex health data in simple terms will be shared on platforms like Instagram, YouTube, and TikTok. As part of a user acquisition strategy, FitByte will leverage influencer partnerships, targeting influencers in the health and wellness space.
The launch of FitByte can also be paired with a challenge (like the #FitByte30days challenge), where users share their health optimization journey and the changes they’ve noticed since using the app. This user-generated content will create social proof, stir conversations around the brand, and drive app installations.
Name: LifeOptima
Industry: HealthTech/Digital Wellness
Problem: While there is a growing interest in improving personal health and longevity, many people find it difficult to manage and understand their health data effectively. Currently, no comprehensive solution exists that integrates various sources of health data and provides actionable, personalized advice in an intuitive and engaging manner.
Solution: LifeOptima is an integrated, easy-to-use mobile app designed to harness the power of GPT-4 AI to collate, analyze, and interpret health data. The app will provide personalized, data-driven advice and strategies for users aiming to optimize their health and well-being. Users can input their health data manually or synchronize the app with their existing health tracking devices.
Competitive Advantage: LifeOptima differentiates itself by providing personalized advice based on AI-powered analysis of user's health data. Unlike many health tracking apps, LifeOptima doesn't just present data - it interprets it, providing users with straightforward, actionable advice to improve their health and well-being. The use of GPT-4 AI allows for complex data interpretation and engaging interaction, akin to having a personalized digital health advisor.
Monetization: LifeOptima will operate on a freemium model. Basic features such as data tracking and general health advice will be free. Premium subscription will offer comprehensive data analysis, advanced personalization, and other premium features. As the user base expands, strategic partnerships can be established with health and wellness brands to facilitate relevant in-app advertising.
Viral Social Media Strategy: LifeOptima will engage users through a story-driven social media campaign that promotes a healthier lifestyle. The "My LifeOptima Journey" campaign will invite users to share their personal health optimization stories on social media, tagging the app and using a unique hashtag, such as #MyLifeOptimaJourney.
Simultaneously, LifeOptima will leverage the popularity of live videos on platforms like Instagram, Facebook, and LinkedIn to host regular Q&A sessions, wellness webinars, and live workouts, effectively creating an engaged community. The company could also collaborate with health and wellness influencers to broaden its reach.
Name: NutriGenie
Industry: HealthTech/FoodTech
Problem: While there's an increasing demand for personalized nutrition and wellness solutions, finding a dietary plan that matches one's genetic makeup, lifestyle, and health data remains challenging for most people. There isn't a convenient, comprehensive solution that takes into account all these factors.
Solution: NutriGenie is a mobile app leveraging GPT-4 AI that offers personalized nutrition and wellness plans. By incorporating users' health data, genetic information, and lifestyle factors, NutriGenie provides personalized diet recommendations and meal plans. It integrates with various health tracking devices for real-time health data and can work with partnered genetic testing services to obtain genetic information.
Competitive Advantage: NutriGenie stands out by providing genetically-tailored, data-driven nutritional advice. The GPT-4 AI enables sophisticated analysis of complex data, thereby simulating a personal nutritionist for each user. The app not only helps users understand their health data but also provides actionable strategies for improvement.
Monetization: NutriGenie will follow a freemium model with basic features free of charge, and premium features available for a monthly subscription. These could include comprehensive genetic-based recommendations, advanced tracking, and access to a wider array of recipes and meal plans. Partnership opportunities exist with grocery delivery services, offering users easy access to ingredients necessary for their personalized meal plans, providing NutriGenie with commission-based revenue.
Viral Social Media Strategy: NutriGenie will conduct weekly live cooking demonstrations on platforms like Instagram, YouTube, and Facebook, showcasing how to prepare delicious meals from the app's personalized plans. Collaboration with fitness and health influencers can help amplify the brand's reach.
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