Chapter
How to Choose Products with High Margins and Repeat Purchases
32:55 - 39:17 (06:21)
The key to selecting profitable products is finding categories with high margins, repeat purchases, and stickiness among consumers. Consider nostalgic brands like Warheads or invest in your own products.
Clips
The high margins, repeat purchase rate, and consumer "stickiness" of product categories like candy and chips make them a good fit for celebrity licensing.
32:55 - 35:05 (02:10)
Summary
The high margins, repeat purchase rate, and consumer "stickiness" of product categories like candy and chips make them a good fit for celebrity licensing. Celebrities can earn easy money by licensing their likeness without having to worry about the product development process.
ChapterHow to Choose Products with High Margins and Repeat Purchases
Episode#145 with Reed Duchscher - MrBeast's Manager Joins the Brainstorm
PodcastMy First Million
The speaker suggests leveraging distribution and fame to bring back nostalgic brands that have lost their way, making it more appealing for the younger generation.
35:05 - 36:40 (01:34)
Summary
The speaker suggests leveraging distribution and fame to bring back nostalgic brands that have lost their way, making it more appealing for the younger generation. If done authentically, this strategy can lead to a massive win.
ChapterHow to Choose Products with High Margins and Repeat Purchases
Episode#145 with Reed Duchscher - MrBeast's Manager Joins the Brainstorm
PodcastMy First Million
The options for creators include creating their own platform, entering into marketplaces, platforms and financial services, and creating a multi-GP system to get 10 of the largest YouTube creators in the world to create their own fund.
36:40 - 39:17 (02:36)
Summary
The options for creators include creating their own platform, entering into marketplaces, platforms and financial services, and creating a multi-GP system to get 10 of the largest YouTube creators in the world to create their own fund.