Million-Dollar Ideas To Cash In On The Pokemon GO Craze

Unless you have been living under a rock for the past month or so, chances are that either you are someone you know has spend some time hunting for Pokemon recently. Pokemon GO has burst onto the scene since its early July launch and already has more than 75 million global downloads.

Related Link: Can Big Mobile Expect An Impact From Pokemon GO?

However, after Nintendo Co., LTD (ADR) NTDOY shares initially spiked 110 percent in July, they have since sold off more than 30 percent.

A Quora poster recently asked the following question: how can I become a millionaire by capitalizing on the Pokemon GO trend?

There were a number of creative replie. Here are some of the top ideas:

• Sell “Pokedrones” that allow players to catch out-of-reach Pokemon. http://www.dezeen.com/2016/07/14/pokedrone-trndlabs-pokemon-go-smartphone-video-game-users-catch-out-of-reach-species/
• Sell food, ice cream, drinks and Pokemon merchandise at parks that are Pokestops.
• Sell Pokemon-themed animal clothing, since a number of players walk their dogs while playing.
• Rent a shuttle bus and create “PokeTours” where you drive groups to all the local hot-spots.
• Sell Pokemon-themed battery-integrated phone covers.
   

But before you go off seeking your Pokemon fortune, consider the word of advice one poster had for anyone attempting to cash in on home-made Pokemon merchandise, such as t-shirts: be careful of trademark infringement.

Disclosure: the author holds no position in the stocks mentioned.