Tactic
Stay solo and part-time so revenue is almost all profit
Peter Levels keeps margins near 100% by never hiring a big team, working only with part-time contractors. High margins mean revenue is almost profit, which makes the business sell cleanly at 5x.
“you're not going to hire a big team of 10 people immediately. You work with part-time contracts like I do and you keep your margins very, very high because then you can sell for 5x, right? Then your revenue is almost your profit.”
Steal thisStay lean with part-time contractors so your margins stay high and the business is worth a full 5x of revenue.
Idea
Apartment hotels for high-earning remote workers
Peter Levels pitches serviced, furnished apartment hotels (kitchen, bedroom, living room, daily cleaning) targeting remote workers making $100-200K. A huge category in Asia he expects to grow globally with remote work.
“if you target, it's a high-end market, I think, of remote workers that make a lot of money, like $200K or $100K something. If you target them, you can make a lot of money because it's serviced, furnished.”
Steal thisBuild serviced apartment hotels aimed at $100K+ remote workers who want a kitchen and daily cleaning, not a depressing hotel room.
Fact
Digital nomads are actually 'slowmads' — 7-month average stays
Peter Levels says his data shows nomads don't travel fast; the average stay is around 7 months. Most remote workers are 'slowmads' with partners, kids, and families, opening a market for long-term products.
“there's a perception that people travel really fast. And I have the data that they don't travel fast. They travel like every few months or even I think the average is 7 months now. It's very slow.”