Logo

    #73 - On-Demand Appliance Technicians, Credible Authority Businesses & Homesick Food Delivery

    The key to entrepreneurial success lies in understanding your own priorities and values, and aligning them with your business goals and strategies.

    enMay 08, 2020

    About this Episode

    Sam (@thesamparr) and Shaan (@shaanvp) shoot the shit about Airbnb's layoffs (3:21), Sam's carnivore diet & Goldbelly.com (5:52), Lambda school for technicians (14:07), Credible authority businesses like Gartner and HBR (24:31), Is buying youtube channels really a good business? (35:22) and the art of storytelling (43:41).  See acast.com/privacy for privacy and opt-out information.

    🔑 Key Takeaways

    • Open and honest communication builds trust, understanding, and credibility, fostering meaningful connections and preventing content from being shelved.
    • Gold Belly allows people to order nostalgic or hometown foods from specific restaurants, delivering them in gold belly boxes with ice for preservation, catering to expats and individuals longing for a taste of home.
    • By creating a narrative and showcasing the unique aspects of a product, entrepreneurs can capture the attention and interest of potential customers, driving impulse purchases and generating revenue.
    • Nana and iCracked exemplify the importance of creative thinking, adapting to customer needs, and leveraging technology and partnerships to disrupt traditional business models and provide convenient and efficient solutions.
    • Nana differentiates itself by partnering with vendors, solving their problems, and acquiring free customer leads, increasing their chances of success without costly marketing campaigns.
    • To succeed in a local service business, it is crucial to have a strong base of both technicians and customers in each city. This requires investment in advertising, marketing, and building a network of technicians, as well as securing adequate funding to bridge the initial supply and demand gap.
    • Trust, efficient spending, and sales culture are key factors that drive Gartner's success, highlighting the importance of building a reputable and trusted brand in similar businesses.
    • Success in business requires understanding customer needs, building trust through credible sources, and exploring niche markets for growth.
    • Entrepreneurs can find success by focusing on overlooked niche areas, establishing themselves as thought leaders, and using the right sales tools to drive revenue growth. Be cautious when buying a YouTube channel.
    • Investing in assets with stable and sustainable cash flow, like apartment buildings or independent businesses, is a better strategy than relying on YouTube channels with talent-dependent content and algorithm changes.
    • The key to entrepreneurial success lies in understanding your own priorities and values, and aligning them with your business goals and strategies.
    • Learn the art of storytelling to engage, connect, and evoke emotions with others, whether for persuasion, building relationships, or entertainment.

    📝 Podcast Summary

    The Power of Open and Honest Communication in Difficult Situations

    Open and honest communication can make a significant impact in handling difficult situations. The example of Brian, the CEO of Airbnb, handling the layoffs with transparency and empathy is commendable. It shows that being upfront about the situation and not sugarcoating it can help build trust and understanding among employees. Similarly, the podcast guest, Sophia, stood out for her candidness and authenticity, which made for a more meaningful conversation. This serves as a reminder that genuine and honest communication not only fosters connection but also establishes credibility. Conversely, when guests or individuals are guarded and only provide surface-level information, it can hinder meaningful interactions and even result in content being shelved.

    Bringing Your Favorite Foods to Your Doorstep

    Gold Belly is a platform that allows people to order their favorite foods from specific restaurants or bakeries that may not be available in their current location. This service caters to individuals who have cravings for nostalgic or hometown foods, creating a sense of special moments and thoughtful gifts. By partnering with various establishments, Gold Belly facilitates the shipping of these foods in gold belly boxes with ice to ensure preservation during delivery. This concept appeals to expats or anyone longing for a taste of home or a specific food they can't find locally. Despite the hefty delivery charge, Gold Belly has gained popularity and success, raising a significant amount of funding and experiencing high demand for their service.

    The Power of Storytelling: Connecting with Customers and Driving Revenue

    Telling the story behind a product can be crucial for its success. Brands like Huckberry and Airbnb have mastered this by creating a narrative and connecting with their audience on a deeper level. By showcasing the unique aspects and origin of a product, entrepreneurs can capture the attention and interest of potential customers. This storytelling approach can be especially effective for niche products that are well-made or only available in specific locations. Building an email list around the "best of" a certain product category and sharing compelling stories can drive impulse purchases and generate revenue. So, if you're an entrepreneur with some time on your hands, consider leveraging the power of storytelling to create a successful brand.

    Innovative Companies Addressing Market Gaps with Unique Solutions

    Both Nana and iCracked are innovative companies that have identified gaps in the market and found unique solutions to address them. Nana is tackling the problem of appliance repair by training technicians and partnering with appliance manufacturers to provide efficient repair services. On the other hand, iCracked offers convenience by sending ITechs directly to customers' homes to fix their broken smartphones. Both companies demonstrate the importance of thinking creatively and adapting to changing customer needs. Additionally, these examples highlight the potential for success in the service industry and the power of leveraging technology and partnerships to disrupt traditional business models. Overall, these companies showcase the value of identifying market inefficiencies and providing solutions that offer convenience and quality.

    Nana's Unique Approach to Service-Based Platforms

    Nana operates on a different model compared to other service-based platforms like Homejoy. While Homejoy struggled due to issues of inconsistent quality, lack of trust, and customers bypassing the platform to hire independent workers, Nana avoids these problems by working with B2B partners and acquiring free customer leads. Nana focuses on building relationships with vendors like appliance manufacturers and becoming their preferred partner by providing fast, reliable, and efficient services. By solving a problem for the vendors and proving their value, Nana can secure a steady stream of leads without the need for expensive marketing campaigns. This unique approach sets Nana apart from other platforms and increases their chances of success in the market.

    The importance of balancing supply and demand in local service businesses

    Building a successful local service business requires a focus on both supply and demand. Just like dating apps, where having a large user base is crucial for success, a local service business like locksmiths or appliance repair needs technicians and customers in each city they operate in. The challenge lies in building up supply density of technicians and creating demand from customers in every single city. This requires significant effort and investment in advertising, marketing, and building a network of technicians. Without enough technicians or jobs, the business will struggle to gain traction. Therefore, it is essential to consider the dynamics of supply and demand when starting a local service business and secure adequate funding to bridge the initial gap in supply and demand.

    Factors contributing to Gartner's success and potential for creating a modern-day version of the company.

    Gartner's success can be attributed to three key factors. Firstly, businesses with substantial IT budgets rely on Gartner's research to ensure efficient spending, despite the fact that their research may not be significantly superior to competitors. Secondly, executives and IT personnel often make decisions based on Gartner's recommendations to avoid potential backlash or blame. Trust in Gartner's expertise provides a sense of security for these decision-makers. Lastly, Gartner's exceptional sales culture, which includes a rigorous hiring and training process, contributes significantly to the company's success. This aspect is often overlooked as a crucial factor in their accomplishments. Considering these elements, there is an opportunity to create a modern-day version of Gartner by building a trusted brand that provides valuable research, garners the confidence of decision-makers, and fosters a compelling sales culture. Comparable examples include Harvard Business Review, which generates substantial revenue through subscriptions and case study sales due to its renowned brand. Developing a reputable and trusted brand can be a key driver of success in this type of business.

    Building a Successful Business: Understanding Customer Needs, Trust, and Unique Opportunities

    Having the best product does not guarantee success in business. It is important to understand the job that your product or service serves for your customers and cater to their needs accordingly. Additionally, when presenting proposals or making important decisions, citing credible sources and using reputable data can help build trust and cover your own position. While some may argue for the power of persuasion and personal expertise, relying on trusted brands or industry authorities can add weight to your arguments and increase your chances of success. It is also worth considering exploring niche markets or untapped angles to find unique opportunities for growth. Ultimately, building a defensible business requires a combination of a strong product or service, solid research and data, and the ability to adapt to market needs.

    Exploring Niche Opportunities and Choosing the Right Sales Tools for Business Growth

    Exploring niche areas in industries that incumbents overlook can be a lucrative opportunity for entrepreneurs. By focusing on areas with emerging trends or new technologies, businesses can establish themselves as thought leaders and offer valuable knowledge to niche audiences. Selling this expertise at a premium price to existing financial institutions, for example, can lead to significant revenue growth. Additionally, it is important to recognize that every business is fundamentally selling something, whether it's through sales teams, digital ads, or other methods. Choosing the right sales tool that aligns with the product and target market is crucial. Lastly, caution should be exercised when considering buying a YouTube channel, as it may not always be a good idea and can result in unfavorable outcomes.

    The risks of buying YouTube channels for cash flow.

    In short, one big takeaway from the conversation is that buying YouTube channels as a way to generate cash flow is not a reliable strategy. YouTube videos are often dependent on talent and the platform's algorithm, which can change suddenly and drastically impact a channel's success. Instead, the focus should be on investing in assets that have more stable and sustainable cash flow, such as apartment buildings or businesses that are not reliant on a specific personality. However, there are examples of successful acquisitions, such as Group 9 Media's purchase of Seeker, a YouTube channel that produces educational content. Ultimately, while there may be opportunities in buying YouTube channels, it is important to carefully assess the long-term viability and potential risks involved.

    Defining Entrepreneurial Success: Different Paths, Different Priorities

    Different people have different priorities and preferences when it comes to entrepreneurship. While some may find value in quickly making money and building a portfolio of successful niche accounts, others prioritize creating a brand that is beloved and trusted by their audience. Both approaches have their merits and can lead to different paths of growth and evolution. It's important to understand what personally resonates with you and aligns with your values, as this will determine the type of business you want to build and the impact you want to make. Ultimately, success can be achieved through various strategies, as long as it aligns with your personal goals and interests.

    Unleash the Power of Storytelling

    Storytelling is a powerful tool that can captivate and move people emotionally. The book "Story Worthy" by Matthew Dicks breaks down the art of storytelling and provides valuable insights on what makes a story engaging and impactful. Through reading this book, one can learn how to craft stories that capture attention and make people feel something. While storytelling can be used for persuasion, its primary purpose is to connect with others on a deeper level and evoke emotions. By understanding the techniques behind successful storytelling, individuals can improve their ability to engage and connect with others, whether it's to promote a product, build relationships, or simply entertain.

    Recent Episodes from My First Million

    How Gary Vee Predicts The Next Facebook (Every Time)

    How Gary Vee Predicts The Next Facebook (Every Time)
    Episode 588:  Sam Parr ( https://twitter.com/theSamParr ) and Shaan Puri ( https://twitter.com/ShaanVP ) chop it up with Gary Vee about which of his investments paid off the most, how much cash he keeps as a safety net and what he’s noticed from hanging out with people like Logan Paul, Zuck, and MrBeast.  Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5 Show Notes: (0:00) Intro (1:28) Good news for the “C” students out there (5:31) Break the Web (8:12) Attention is the only universal asset class (12:26) Perplexity.ai/podcast (14:30) Alex Schultz on growth and language translation (16:23) Adult camps better than conferences (20:06) Millionaires v billionaires (25:44) Planning for a post-iPhone world (28:43) Gary's safety net (31:41) Micro v macro gratitude (37:45) Gary's best investment (39:08) Gary's take of Zuck, Logan Paul (45:44) Who Gary admires — Links: • Gary Vaynerchuk - https://garyvaynerchuk.com/ • Gary on Twitter - https://twitter.com/garyvee • Day Trading Attention - https://tinyurl.com/yckc8erw • Break The Web - https://www.breaktheweb.co/ • Lecture 6 - Growth - https://www.youtube.com/watch?v=n_yHZ_vKjno • Get HubSpot's Free AI-Powered Sales Hub: enhance support, retention, and revenue all in one place https://clickhubspot.com/sym — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Pitch your startup for a shot at a $1M investment with Sam Parr as the MC https://clickhubspot.com/pitch — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano
    My First Million
    enMay 22, 2024

    A Masterclass On Hiring A CEO To Run Your Company ft. Andrew Wilkinson

    A Masterclass On Hiring A CEO To Run Your Company ft. Andrew Wilkinson
    Episode 587:  Andrew Wilkinson ( https://twitter.com/awilkinson ) teaches the exact step-by-step process he uses to find, diligence, hire, and transition a great CEO.  Get Andrew’s CEO Hiring Guide and Checklist - https://tinyurl.com/ms8938kn — Show Notes: (0:00) Intro (1:36) Why you need a CEO (4:44) The third door: leave the business, keep the cash flow (8:48) Get back to your flow state (10:46) Step 1: Are you ready to hire a CEO? (15:16) Is this going to hurt my business? (16:46) Step 2: Find the RIGHT CEO (17:52) Hiring a recruiter (21:34) Look for a #2 with the right hammer (23:23) Be a collector of people (27:14) Step 3: Diligencing the candidate (28:48) Green flags, yellow flags, and red flags (32:21) 2x not 20x (34:41) Step 4: First 100 days (36:35) Don't poison the water (38:12) Flesh wounds not mortal wounds (40:06) Meet them in person (40:29) More on diligencing: Trust but verify (42:38) The DIY path (44:48) Step 5: Negotiating and structuring compensation (46:34) Uncapped bonuses vs equity (49:55) Myth: Is a founder-led business always better? — Links: • Burke and Associates - https://burkeandassociates.com/executive-search/ • Business Intelligence Advisors - https://www.biadvisors.com/ • Never Enough - https://neverenough.com/ — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano
    My First Million
    enMay 20, 2024

    Turning $1M Into $1B+: A Masterclass From The Indian Warren Buffett

    Turning $1M Into $1B+: A Masterclass From The Indian Warren Buffett
    Episode 586: Shaan Puri sits down with Mohnish Pabrai for a rare interview about value investing. Mohnish is sometimes called the "Indian Warren Buffett" for having turned $1M into over $1B+ through stock investing. In this podcast they talk about how founders can become great investors, how to avoid big mistakes, and lessons learned from Buffett & Munger. Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5 — Show Notes: (0:00) Intro (1:41) Why entrepreneurs make the best investors (4:130) How Warren Buffett’s pre-paid for his college education (8:45) Becoming Ben Graham’s Protege (12:41) What Buffett learned about branding from See’s Candies (15:45) Buffett’s failed play to be a candy mogul (18:44) Identifying offering gaps (20:22) Getting an MBA at age 14 as the son of an entrepreneur (23:33) The 3 tells of a future millionaire (25:56) Mohnish builds his first product with maxed out credit cards at 24 (27:59) The 168 hour framework (31:13) “Entrepreneurs do not take risks” (32:38) How Richard Branson launches Virgin Atlantic with no money (35:31) How 0.1 percent of the population owns 70 percent of all the motels in America (38:31) The unfair advantage of being a low-cost producer (40:20) How Mohnish turned his first million into $13M in 5 years (43:39) Pabrai Funds grows to $600M in assets in less than 10 years (47:35) What Mohnish knows about fundraising that we don’t (50:26) Pivoting from tech investments in 1999 to value investments (53:13) $2M lunch with Warren Buffett (58:09) Be a harsh grader of people (1:01:53) The Givers, The Takers, and The Matchers (1:04:40) “Heads I win, tails I don’t lose much” (1:09:26) Private markets v public auctions (1:13:35) The #1 trait that makes a great investor (1:15:01) What people of Reddit think of Mohnish Pabrai (1:16:31) Starting capital, annual rate of return, length of runway (1:17:24) The Rule of 72 (1:21:50) Circle the Wagons Philosophy (1:23:35) Losing $3B in one unfortunate event (1:28:49) Be fearful when the world is greedy; Be greedy when the world is fearful (1:29:17) What a value investor thinks of bitcoin (1:30:26) Nick Sleep bets (1:42:30) The Best Of: Capital Allocators — Links: • The Intelligent Investor - https://tinyurl.com/3jmpjrmc • The Dhandho Investor - https://tinyurl.com/53p9bhfv • Mohnish on Twitter - https://twitter.com/MohnishPabrai • Get HubSpot's Free AI-Powered Sales Hub: enhance support, retention, and revenue all in one place https://clickhubspot.com/sym — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano
    My First Million
    enMay 17, 2024

    The 5 Most Interesting Businessmen Alive...

    The 5 Most Interesting Businessmen Alive...
    Episode 585:  Sam Parr ( https://twitter.com/theSamParr ) and Shaan Puri ( https://twitter.com/ShaanVP ) talk about the 5 most outrageous, eccentric, and mysterious businessmen alive right now.   Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5 Show Notes: (0:00) 5 - James Bond with Wifi, Pavel Durov (12:16) 4 - The Russian Richard Brandon, Oleg Tinkov (22:08) 3 - The Walking Middle Finger, Sean Parker (38:06) 2 - The Guy Who Won The Game And Walked, Tom Anderson (45:40) 1 - The Israeli Great Gatsby, Aviv Nevo — Links: • Pavel Durov on Twitter - https://twitter.com/durov • VK - https://vk.com/vk • Pavel Durov on Instagram - https://www.instagram.com/durov/ • Telegram - https://telegram.org/ • Napster - https://www.napster.com/us • David Choe on Howard Stern - https://www.youtube.com/watch?v=XS6awjpIimw • Opportunity zones - https://eig.org/opportunity-zones/about-ozs/ • Get HubSpot's Free AI-Powered Sales Hub: enhance support, retention, and revenue all in one place https://clickhubspot.com/sym — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano
    My First Million
    enMay 15, 2024

    Shaan Tells All: Shepherd Sells For $52M, Paper Gains, Plus Why B2B Influencers Are Coming

    Shaan Tells All: Shepherd Sells For $52M, Paper Gains, Plus Why B2B Influencers Are Coming
    Episode 584:  Sam Parr ( https://twitter.com/theSamParr ) and Shaan Puri ( https://twitter.com/ShaanVP ) talk about using the massive upside of investing in your P&L, the ballsy-ness of Nick Huber and how to turn your annual income intro your monthly income.  Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5 — Show Notes: (0:00) Shepherd gets acquired for $50M (5:44) Invest in your P&L (7:57) The ballsiness of Nick Huber (13:42) The evolution of celebrity partnerships (17:04) A large, trusted audience (20:30) 2. Product-audience fit (21:42) 3. That Viral Touch (22:12) Creators who are the best at this (29:29) $280 millions dollar tumblers (31:10) Giving as you go: Do it early, make it uncomfortable (37:11) The curse of familiar riches (39:57) How to 10x your annual income (48:32) For the same inputs, can you get more outputs (50:08) Acting As If — Links: • Shepherd - https://www.supportshepherd.com/ • The Sweaty Startup - https://sweatystartup.com/ • Dr DisRespect - https://www.youtube.com/user/drdisrespect • Truemed - https://www.truemed.com/ • SimpleModern - https://www.simplemodern.com/ • Empower - https://www.empower.com/ • Get HubSpot's Free AI-Powered Sales Hub: enhance support, retention, and revenue all in one place https://clickhubspot.com/sym — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano
    My First Million
    enMay 13, 2024

    This Gas Station Pizza Business Makes $540M/Yr?!

    This Gas Station Pizza Business Makes $540M/Yr?!
    Episode 583:  Sam Parr ( https://twitter.com/theSamParr ) and Shaan Puri ( https://twitter.com/ShaanVP ) talk about the genius business model of Hunt Brothers Pizza, and bring you three totally different inspirational stories of people doing cool shit.  Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5 — Show Notes: (0:00) Shaan gets triggered (3:16) $540M ARR Pizza Business (14:02) This silly game is making $22M a year (22:11) Shaan's white collar side hustle of the week (26:48) "The house always has an edge" (33:08) Nick Gray's unconventional dating experiment (37:22) Real life Rom Com plays out on Twitter (45:23) Scott Galloway: "I can get down but I won't stay down" (50:11) How To Lose Weight In 4 Easy Steps — Links: • Jambys - https://www.jambys.com/ • Hunt Brothers Pizza - https://www.huntbrotherspizza.com/ • Geoguessr - https://www.geoguessr.com/ • The New Yorker article - https://tinyurl.com/yh95wcm8 • Nick Gray on Twitter - https://tinyurl.com/pjctk56b • “How To Lose Weight In $ Ebay Steps” - https://tinyurl.com/yw7u4xbp • Get HubSpot's Free AI-Powered Sales Hub: enhance support, retention, and revenue all in one place https://clickhubspot.com/sym — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

    The Announcement You've Been Waiting For...

    The Announcement You've Been Waiting For...
    Do you want to look half decent naked? Do you like free stuff? Do you like following the greatest podcast ever? Announcing to My First Million's My First Million Challenge. It's simple. We're doing a fitness challenge: 100 push ups 100 burpees (nipples to the ground) 100 air squats Done as fast as you can. Here's how to qualify: Film yourself doing the challenge Speed up the clip Make it fun Post your video on Twitter and tag @thesamparr and @shaanvp We're giving away prizes! 1 Cold Plunge to the fastest man (+$5,000 value) 1 Cold Plunge to the fastest woman (+$5,000 value) NIKE Strength equipment to the most entertaining video NIKE Strength equipment to the hardest effort NIKE Strength equipment to the best costume The fine print: You must be subscribed to the My First Million YouTube Channel and subscribed to the podcast to win. Honor the Gentleman's Agreement. We won't check but we make content for you so please pay us back by supporting our channels. Contest lasts from May 10th to 12th

    CEOs Pay Him $10,000 Per Appointment?!

    CEOs Pay Him $10,000 Per Appointment?!
    Episode 582:  Sam Parr ( https://twitter.com/theSamParr ) and Shaan Puri ( https://twitter.com/ShaanVP ) talk about the $1B idea that is basically inevitable, why stock exchanges are the smartest business model ever created and the female Pieter Levels who we’re crowning our Hustler of the Week.  Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5 — Show Notes: (0:00) Shaan's billion-dollar idea: Executive Check-ups (2:12) Mayo Clinic’s $100M proof of concept (12:58) $15K/mo lead gen arbitrage (17:25) Pizza intelligence (19:41) Shaan's Mount Rushmore of indexes (24:54) The most profitable companies in the world (26:32) Why stock exchanges have the best business model (33:20) "Shoot your old idea in the head" - Eric Ries (41:20) Hustler of the week: The Female Pieter Levels (43:30) "Marketing is the tax you pay for an unremarkable product" — Links: • Prenuvo - https://www.prenuvo.com/ • Big Desk Energy playlist - https://shorturl.at/ajuG5 • Suno - http://suno.ai/ • ICE Index - https://www.ice.com/index • Long-term Stock Exchange - https://ltse.com/ • “Startup Lessons Learned” - https://www.startuplessonslearned.com/ • Branded Fruit - https://brandedfruit.com/ • Danielle Baskins - https://daniellebaskin.com/ • Get HubSpot's Free AI-Powered Sales Hub: enhance support, retention, and revenue all in one place https://clickhubspot.com/sym — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

    Scott Galloway: Do This In Your 20s To Make Millions In Your 30s

    Scott Galloway: Do This In Your 20s To Make Millions In Your 30s
    Episode 581:  Sam Parr ( https://twitter.com/theSamParr ) and Shaan Puri ( https://twitter.com/ShaanVP ) talk to Scott Galloway about his Get-Rich formula they won’t teach you in school and the hard-to-hear but essential advice every 20-year old should hear.  Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5 — Show Notes: (0:00) Don't follow your passion (3:08) Reverse engineering $160M exit (7:30) How to keep top talent in your company (11:12) "I'm not your friend" (13:41) Scott's best and worst hedge fund deals (16:20) Losing $10M every day (18:14) Handle triumph and disasters the same way (20:54) If you can't fix it, you have to stand it (24:28) Lessons about happiness from the dying (25:51) Statute of limitations on suffering (28:57) Where Scott steals his powerful phrases (33:09) Shaan opens his notes app of funny phrases (34:52) Scott's anti-excited list (37:33) “Go live in a city” (39:50) Opportunity in America v Europe (42:30) The fallacy of hard work over time (46:56) Money does buy happiness (52:20) The Algebra of Wealth (55:33) If you have a side hustle you need a better main hustle — Links: • The Algebra of Wealth - https://tinyurl.com/44yw3h6k Get HubSpot's Free AI-Powered Sales Hub: enhance support, retention, and revenue all in one place https://clickhubspot.com/sym — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

    The Formula To Break 100 Million Views On Shorts (ft/ Jenny Hoyos)

    The Formula To Break 100 Million Views On Shorts (ft/ Jenny Hoyos)
    Episode 580:  Shaan Puri (https://twitter.com/ShaanVP) talks to Jenny Hoyos, the 18-year-old who has mastered the recipe of viral shorts. They break down her step-by-step process for creating content that pulls in over a 100M views.  Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5 — Show Notes: (0:00) Intro (2:14) How to build charisma (6:35) The 4 criteria of a great idea (jumpcut) (8:48) Make it personal (14:45) Mastering the hook (17:29) Metrics  (18:52) The first frame (21:09) Foreshadowing (22:37) Storytelling in one word is “change” (25:06) The But & Therefore Rule (27:21) Building the stakes (30:43) Craft the close (32:14) Steal like an artist (33:52) Figure out who's watching (36:46) Study the channel for outliers (39:28) Where is the puck going? — Links: • Jenny Hoyos YouTube - ​​https://www.youtube.com/@JennyHoyosLOL • Charisma on Command - https://www.youtube.com/@Charismaoncommand • Miss Excel - https://www.miss-excel.com/ • Infinite Ratatouille Glitch - https://www.youtube.com/watch?v=tskvmb0HPDU • Steal Like An Artist - https://austinkleon.com/steal/ • Get HubSpot's Free AI-Powered Sales Hub: enhance support, retention, and revenue all in one place https://clickhubspot.com/sym — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano