Auto insurance costs to reach record highs in 2025

How’s your insurance looking? U.S. consumers are set to face record-high auto insurance costs in 2025, according to a recent report. The average annual premium for full coverage is expected to hit $2,101, or approximately $175 per month, marking the seventh consecutive year of rate increases. To mitigate costs, drivers are encouraged to regularly shop for insurance and explore discounts.

View Money’s Best Car Insurance list to shop around and see if you can save→

Welcome Back,

Hi there, I hope you are doing fantastic today and are ready for another amazing week ahead. Today we will be diving into another startup company this time in the shipping and logistics industry, which has a market size of over $2 trillion. We will also be talking about a few marketing and sales strategies you can implement in your own business. Enjoy!

— Ryan Rincon

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The Business Builder

Daily News Updates:

​U.S. Faces 65% Recession Risk Amid 'Donald-25' Economic Shock

Economist Adam Posen warns of a 65% chance of the U.S. entering a recession characterized by stagflation—simultaneous inflation and sluggish growth. He attributes this risk to the inflationary impact of President Trump's sweeping tariffs and the Federal Reserve's loose monetary policy. Posen criticizes the Fed's response, suggesting it may be unprepared to manage rising inflation without effective interest rate adjustments. ​

Manufacturers Brace for Financial Strain Under New Tariffs​

An HSBC survey of 2,000 business leaders reveals that nearly 75% of manufacturers and logistics companies expect negative financial impacts from President Trump's tariffs. Specifically, 73% of factory operators and 75% of transport and distribution firms anticipate financial strain due to the tariffs. In response, 21% have delayed investments, 14% have altered supply chains, and 12% are expanding into international markets to mitigate risks. ​

Trump Targets Harvard's Tax-Exempt Status Amid Higher Education Crackdown​

President Trump has called for the revocation of Harvard University's tax-exempt status, pressuring the institution to change its hiring and admissions policies to counter antisemitism. Harvard, supported by institutions including Stanford, defends its commitment to academic freedom and states it has already taken steps in response. ​

Buick Faces Sales Challenges as Tariffs Impact Popular Models​

Buick's three most popular models, manufactured outside the U.S., are now subject to stiff tariffs that could add thousands to their sticker prices. This development threatens to derail Buick's recent sales momentum, as consumers may turn to more affordable alternatives. ​

American Express Reports Growth Driven by Gen Z and Millennials​

American Express CEO Stephen Squeri reports a 7.5% year-over-year increase in total billed business, attributing the growth to increased spending by Gen Z and millennials. The company has seen a surge in new card memberships, indicating strong consumer engagement among younger demographics. ​

EY Announces Finalists for Entrepreneur Of The Year® 2025 New Jersey Award​

Ernst & Young LLP (EY US) has unveiled the finalists for the prestigious Entrepreneur Of The Year® 2025 New Jersey Award. Now in its 40th year, the program honors entrepreneurs whose innovations shape the future and make a profound impact on communities.

Today’s Startup Spotlight:

ParcelPath is an emerging logistics tech startup aiming to disrupt small business shipping. It provides free access to enterprise-level shipping discounts from UPS and USPS by integrating directly with online stores and marketplaces. With no subscription fees and a focus on saving users up to 89% on shipping costs, it’s appealing to solo entrepreneurs and small e-commerce brands.

• Market Size: The U.S. shipping and logistics sector is worth over $2.1 trillion

• Market Saturation: Moderate (~40%) in e-commerce shipping tools

• Startup Cost: Estimated $85,000 for app development, integrations, and partnerships

• Success Rate: Estimated 33% in logistics startups with SaaS tools

Startup Score of: 7.6/10

Worth pursuing if you can differentiate with additional services like real-time tracking, insurance add-ons, or custom analytics dashboards.

Growth Hacks

Hack #1: Use Scarcity to Boost Email Conversions
Scarcity sells. It triggers urgency and encourages faster action. Whether you’re launching a course, product, or service — use countdowns or inventory limits to get users moving.

• Add a countdown timer on your sales page

• Use phrases like “Only 7 seats left” or “Offer ends in 6 hours”

• Example: One startup boosted conversions by 41% just by adding a “limited seats” banner on their coaching page

Hack #2: Turn Failed Signups Into Insights
If someone visits your site but doesn’t convert, don’t lose them. Add an exit-intent popup asking what held them back — then use that info to fine-tune your offer.

• Ask “What stopped you from signing up today?” on exit

• Offer a $5 gift card in exchange for feedback

• Follow up with tailored emails addressing their concerns

Sales Masterclass

1. Sell the Result, Not the Tool
People buy outcomes, not features. Focus on what your product helps them achieve.

• Example: Don’t say “We offer meal plans.” Say “We help busy professionals lose 10 lbs in 30 days without meal prep stress.”

2. Use Tiered Pricing to Boost AOV
Offering 3 pricing tiers nudges customers toward higher-value packages. The middle option usually becomes the most popular.

• Basic ($49), Pro ($99), Premium ($199)

• People often go for the middle tier thinking it’s the “safe bet”

3. Anchor Value Before Mentioning Price
Set expectations of what your product should cost before you reveal the price.

• “Most business coaching costs $5,000+, but we offer a similar transformation for just $497.”

Key Tip For Business

Business Marketing 101

Start a Lead Magnet Funnel
Give away something valuable in exchange for emails. It builds trust and lets you follow up with targeted offers.

• Offer a free checklist, PDF, or mini-course

• Example: “Download our 10-step guide to launching a profitable Etsy shop”

Build a Micro-Influencer Strategy
Skip the mega influencers. Focus on people with 5,000–25,000 followers — their engagement is higher, and they’re more affordable.

• Offer affiliate deals or free products + $100 flat fee

• Track ROI through unique referral codes

Host Educational Webinars
Instead of cold selling, teach. Educate people about a challenge your product solves.

• Promote on Eventbrite, LinkedIn, and Instagram

• Example: “How to launch a $10K/month coaching business with no ads”

Want to be the most intelligent person in every room you go in?

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Key Takeaways:

• Startup Spotlight: ParcelPath offers major shipping discounts to small e-com brands — low overhead, big potential.

• Growth Hacks: Use scarcity and exit popups to increase conversions and gather feedback that drives real results.

• Key Tip: Knowing your break-even point gives clarity on growth targets and pricing strategy.

• Sales Tips: Sell results, not features; use tiered pricing and price anchoring to boost average order value.

• Marketing Moves: Lead magnets, micro-influencer outreach, and webinars all create strong, warm leads.

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That’s All For Today

I hope you enjoyed today’s issue. If you have any questions regarding today’s issue or future issues feel free to ask. Come back tomorrow for information on how to grow your income and wealth. I hope to see you.

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Disclaimer: This newsletter is for informational and educational purposes only and reflects the opinions of its editors and contributors. The content provided, including but not limited to real estate tips, stock market insights, business marketing strategies, and startup advice, is shared for general guidance and does not constitute financial, investment, real estate, legal, or business advice. We do not guarantee the accuracy, completeness, or reliability of any information provided. Past performance is not indicative of future results. All investment, real estate, and business decisions involve inherent risks, and readers are encouraged to perform their own due diligence and consult with qualified professionals before taking any action. This newsletter does not establish a fiduciary, advisory, or professional relationship between the publishers and readers.