A Better Lemonade Stand #276

Insights, trends & tools to build a better online business.

Richard here with this week's most interesting insights, trends, tools, and opportunities to build better online businesses.

Here’s what’s going on this week:

In this newsletter, I’m highlighting three must-read reports.

First up, Jakob Greenfeld's A Skill Called Luck, a guide that redefines how we can actively create our own luck

Next, we dive into the 2024 NextAtlas Annual Consumer Trends Report, which offers AI-driven insights into emerging consumer trends.

Rounding it off, Beehiiv's 2024 State of Newsletters Report, a key resource full of insights for staying updated with newsletter industry trends.

Let's dive in!

💎 Uncut Gems

In this section, I’ve gathered a handful of intriguing links that didn't quite fit elsewhere in our newsletter but are too valuable to miss.

From the evolving role of non-tech founders to the latest AI trends for 2024, and tips on picking your newsletter niche to discovering profitable yet underrated online businesses, these quick picks offer a brief but impactful dose of insight and inspiration.

🔗 Tomorrow’s Founders Can’t Code – And That’s OK: An insightful look at the increasing prominence of non-tech founders in the startup world and the challenges they face beyond coding.

🔗 What’s Next for AI in 2024 – MIT Technology Review: Discover the four major AI trends set to dominate the tech landscape this year, as predicted by MIT Technology Review.

🔗 Matt McGarry on How to Pick Your Newsletter Niche: Essential advice from Matt McGarry for those looking to find their unique voice and audience in the crowded newsletter space.

🔗 Discover Underrated Online Businesses: I can’t do better than their own tagline: “Discover Boring Businesses that Quietly Rake in the Cash”.

Finally, don't forget to stay connected with my website newsfeed, Facebook Group, and Instagram for daily random insights & updates!

💡 Insights

📄 A Skill Called Luck

"A Skill Called Luck" by Jakob Greenfeld is more than just a book; it's your personal guide to turning luck into a skill. Delving into essentials like hustling and creativity, it teaches you to build a life where opportunity knocks more often. It's not just about chance; it's about shaping your own destiny through openness, visibility, and a dash of charm.

Bonus: Jakob's newsletter, Business Brainstorms, is a goldmine for founders seeking innovative business ideas. A must-read for crafting your own success story.

📄 NextAtlas Trends Report

Discover key insights from the 2024 NextAtlas Annual Report, unveiling three pivotal trends.

The report leverages AI to analyze 300K early adopters on social media. This innovative approach offers a real-time window into emerging consumer behaviors, guiding businesses to stay ahead of the curve.

Dive into these trends and understand how they're reshaping the consumer landscape.

📄 2024 State of Newsletters Report

Dive into the 2024 State of Newsletters report by Beehiiv, a valuable resource for understanding the latest trends, strategies, and technologies in newsletter publishing.

This report is essential for digital creators, marketers, and entrepreneurs who want to stay at the forefront of the evolving email newsletter landscape.

🤑 News

🗞️ Perplexity AI Secures 73 Million

Perplexity AI (free), an AI-powered search engine, secured $73.6 million in funding led by Jeff Bezos and Nvidia, valuing the company at $520 million. Aiming to rival Google, Perplexity offers unique features like direct search answers, a conversational model, and an ad-free experience. Already showing promising results, the company's investor lineup includes notable names like Shopify CEO Tobi Lutke and ex-GitHub CEO Nat Friedman.

🗞️ Copilot Now Using GPT4 Turbo

Microsoft Copilot (free) now incorporates the latest OpenAI model, GPT-4 Turbo, enhancing its ability to handle complex tasks with more accuracy and efficiency. It also features the new DALL-E 3 model, improving image creation from text prompts.

This move provides a free alternative for users to use GPT4 without paying the $20/month to OpenAI.

🗞️ OpenAI Launches The GPT Store

OpenAI launched the GPT Store in ChatGPT, allowing users to create and sell custom GPT bots. Initially open to paid plan users, it offers a new avenue for AI innovation and monetization.

The store, accessible here, features categories like DALL·E, writing, and more, with new GPTs featured weekly. Builders can share their GPTs easily and will soon be able to earn based on user engagement.

A review system ensures compliance with usage policies and brand guidelines.

📱 Apps

Each week, I explore and curate a selection of fresh, exciting apps designed to empower entrepreneurs.

Here's the latest lineup of tools that can help you build a better business:

📱 Osum AI Market Research Tool: Osum (pronounced Awesome) simplifies research. This AI tool offers in-depth market research in seconds, streamlining competitive analysis, SWOT analysis, buyer personas, and more.

It's designed for investors, entrepreneurs, and professionals seeking fast, accurate insights to inform strategies and identify market opportunities.

I’ve been using it for a week now and have been extremely impressed with the quality and depth of reports it produces.

📱 Branalyzer: Branalyzer is a digital tool designed to streamline brand analysis.

It provides comprehensive insights into a brand's online presence, social media performance, and audience engagement.

Ideal for marketers and entrepreneurs, Branalyzer helps in understanding a brand's impact, identifying growth opportunities, and benchmarking against competitors.

📱 OpusClip: This AI-powered tool turns long videos into engaging, short clips, ideal for boosting digital presence. It features easy video clipping, various layouts, and is compatible with 20+ languages, making it perfect for creating viral content.

That wraps up the newsletter for this week!

Eager to hear from you! Hit reply and let me know about the exciting projects you're working on, any challenges you're navigating, or any innovative tools you've recently discovered.

Catch you next week,

Richard 👊🏼

This newsletter is for informational and entertainment purposes only, not as business advice. It's a weekly update on entrepreneurship and my personal projects. Note: Revenue may come from sponsorships, affiliate links, and sales of digital products.