Get my 12 favorite biz ideas for 2024, with full launch plans included here: https://tkopod.co/youtubeD I sat down with Alex Nelson (https://x.com/weddingvenueguy), the owner of The Midnight Gem, a successful wedding venue in Swisher, Iowa. In this episode, we talk about how he went from concept to pre-booking $300,000 in weddings before construction was even completed. We also discuss how he achieved his $800,000+ annual revenue, how he differentiated his venue from the typical Iowa barns, and his approach to scaling profits with events beyond weddings. Timestamps below. Enjoy! --- Audio podcast on all podcast platforms: https://toolkit.tkopod.com/podcast Free weekly business ideas newsletter: https://tkopod.com Private community where we build cool businesses together: https://TKOwners.com Learn more about me: https://www.chrisjkoerner.com/ Business ideas shorts channel: ⁨@thekoernerofficeideas⁩ (https://studio.youtube.com/channel/UCzjpCGEXR7BU-_SJSl59CGQ) The Koerner Office highlights: ⁨@thekoernerofficesegments⁩ (https://studio.youtube.com/channel/UCYEzHNmI-1oIqimmOnul_fg) AI-enabled accounting software, because Quickbooks SUCKS: https://lazybooks.com/ --- 00:00 Highlights - The Birth of a Wedding Venue Dream 02:58 Navigating the Wedding Venue Landscape 06:11 Funding the Vision: From Idea to Reality 09:03 Marketing Strategies for Success 11:52 Understanding Demand and Market Fit 15:10 Building a Unique Venue in a Saturated Market 17:58 Financial Performance and Future Outlook 21:48 Exploring Wedding Venue Opportunities 23:45 Innovative Rental Services in the Wedding Industry 25:36 Understanding Supply and Demand in Wedding Services 27:56 Diversifying Event Offerings Beyond Weddings 30:44 The Importance of Alcohol Sales in Venue Revenue 33:06 Lessons Learned from Operating a Wedding Venue 35:26 Trends in the Wedding Industry 38:50 Maximizing Venue Potential with On-Site Accommodations 40:43 Advice for Aspiring Wedding Venue Owners --- For the algorithm: #TKOPodcast #AlexNelson #WeddingVenueBusiness #TheMidnightGem #Entrepreneurship #BusinessPodcast #EventPlanning #ScalingBusinesses #WeddingIndustry #ProfitableVenues #VenueGrowth #IndustryInsights #RealEstate #BusinessSuccess #CreativeEntrepreneurship #PodcastEpisodes #GrowthHacking #BusinessStrategies #LeadershipTips #HowToGrowBusiness #StartupSuccess #HighProfitMargins #PodcastHighlights #EntrepreneurialMindset #ScalingSuccess #BusinessDevelopment #WeddingRevenue #BusinessOpportunities #IndustryTrends #NewBusinessIdeas #EventManagement #RealEstateInvesting #EntrepreneurialGrowth #MarketExpansion #ScalingWeddingVenues #ProfitableEventIdeas #CreativeSolutions #BusinessExpansion #StartupJourney #BusinessGrowth #HowToStartAVenue #FinancialSuccess #CreativeBusinessIdeas #IndustryDisruption #LeadershipCoaching #InnovativeApproaches #MarketAnalysis #PodcastLearning #EventVenueSuccess #HighGrowthBusinesses #WeddingTrends