In some parts of the world, Caimin crocodiles wait as motionless as possible waiting for the one time a year when herds and pass through the area and the water level is full. This is their shot to make it for the year. This time of year is when they capitalize. This is a slightly apt analogy for Gerlach, Nevada and their opportunity to capitalize on the Burning Man Festival.
A little history first, Gerlach was yet another mining town that relied upon gypsum in the earth to financially sustain the town. When the mine moved, the town shrank from 800 people to just around 100. Needless to say the town is in trouble.
Enter Burning Man, a festival out in the middle of the desert celebrating free thinking. Over 70,000 hippies are in attendance. It is like a dystopian celebration of free thinking.
Burning Man is a huge opportunity for Gerlach, Nevada. This is an open-minded, early-adopter culture! The edge is the limit for how creative you want to get with your product or service.
Just think, what could you sell that people coming out of a multiple day festival in the desert need? You could sell so many different things to these baked, sun-baked people:
This city is blessed with an entrepreneurial opportunity. BLESSED, you hear! People come from as far as Russia and Australia. The creative city development happened under their feet. Gerlach, Nevada simply needs to make some moves and embrace that Burning Man as an event is not going to stop.
The event already brings in more than 50 million dollars in revenue to “Northern Nevada” according to this article. It even talks about people trying to capitalize on the festival. My belief is not that they need to make an entrepreneurial opportunity for themselves, they just need to capitalize
Once a city has 80,000 people fluxing through it each year, more than $50 million can be made. That is only $625 a person. Think if you could get everybody to spend another $175 on a truly unique purchase or experience (+14 million).
You could sell absolutely wacky stuff like:
Best part of all, these people are early adopters! They will love you if you get creative for them! Let the creative entrepreneurs lose!
You could open up a temporary flea market style venue for people to shop at.
Lastly, Making people remember your creative city is the next critical step. The long term play. I have talked about the use of flowers but in the desert it just doesn’t work… I don’t think.. So I would recommend monuments along the road as people exit and head home from the town. People would not forget that and would get start spreading pictures of the town to people. Think about all the snapchats with that towns filter!
You could even replicate the “Burning Man” each year by making a sculpture of it on the road leading up to the venue.
Gerlach has enormous opportunity to succeed. Unlike Leavenworth Washington where they had to design their house to be Bavarian style to get people there, Gerlach already has people coming through their town and has to assume much less risk in starting to capitalize.
There are definitely some people who are capitalizing:
– Casinos, Cars, and Millionaires on Less Than a Square Mile But How? TLDR: Population: 37,500 Situation: Tiny Nation-State with No Money,
Mitchell, South Dakota – A City That Turned Corn into Gold TLDR: Population: 15,606 Situation: Mitchell, a small city in
Santa Claus, Indiana is attracting major investors because of their town’s brand. Learn More Here!
